CATEGORIES

Leisure travel to see surge during Diwali

After seeing “good enough\" demand for air travel during Navratri, India’s travel industry expects a significant rise in aviation business this Diwali, with searches for leisure travel up by nearly 70% from October.

Banks seek talent for on-tap CXO hiring

State-run banks are increasingly turning to consultants, empanelling them to identify domain experts and speed up future hires as and when they need executives for specialized C-suite roles.

Deloitte's new practice to check business credibility

The consulting firm will share the rankings exclusively with the respective companies

Airtel's Q2 profit dips 38% on SC's licence fee ruling

Bharti Airtel Ltd posted a 38% decline in net profit from over a year earlier to ₹1,341 crore in the September quarter, due to a one-time tax and interest provisioning of ₹1,619 crore following a ruling by the Supreme Court that telecom companies could not treat license fee as an expense.

Global rout sparks $27 bn exit from emerging markets in Asia

Global funds are offloading emerging Asia equities outside of China in droves as broader risk appetite cools amid concerns over a stronger dollar, higher borrowing costs and geopolitical tensions.

TVS Motor investors, miles ahead of others

'Stop me if you can,’ TVS Motor Co. Ltd stock seems to be saying. The two-wheeler maker’s shares have risen close to 50% so far in 2023, after gaining 73% in 2022.

Healthtech co IKS Health buys Aquity Solutions for $200 mn

Healthtech platform IKS Health, backed by late veteran investor Rakesh Jhunjhunwala's Rare Enterprises, has acquired clinical documentation service company Aquity Solutions for a cash consideration of $200 million (around ₹1,665 crore).

Optimistic about Q2 growth: Das

Second quarter gross domestic product (GDP) numbers, “in all probability\", will surprise on the upside, Reserve Bank of India governor Shaktikanta Das on Tuesday said.

Taiwan may get ISA toehold

It's not a full membership, but Taiwan's inclusion reflects India's rivalry with China to be voice of Global South

Core sectors grow 8.1%; fiscal deficit at 39% of target

Output of eight core infrastructure sectors, which accounts for two-fifths of India’s industrial output, expanded at a healthy 8.1% in September, official data released on Tuesday showed. However, this was its slowest pace in four months, as seven of the sectors, barring the fertilizer industry, saw slowing output growth.

Govt reviews legal framework to remove gaps

The government is reviewing the country’s legal framework to identify gaps that financial offenders could exploit for laundering money, with possible tweaks in rules and regulations expected over the next few weeks, two people familiar with the development said.

'India will probe Apple threat notices'

India will investigate the notifications sent by iPhone maker Apple Inc. to several users, including members of Parliament (MPs) from the Opposition parties, claiming state-sponsored attackers were attempting to compromise their Apple devices.

Lower duties likely for EVS priced up to $35k

Import duty may be slashed to 15-30% with caveat on local manufacturing

Apple Nears $10 Bn India Revenue

The revenue estimates come on the back of 47.8% growth in sales to $5.9 billion and strong profitability growth in India

Why China Now Needs A Consumption Story

The country's economic models aren't working any longer and there is only one way out of the conundrum

A cap-and-trade system will help slash emissions more efficiently

It will equalize the marginal cost of reducing emissions across sectors and also generate some revenue for the government

Learnings from LIC must guide PSU stake selloffs

The government should offload PSU stakes even on market dips, woo value investors, and signal that it's offering reasonably priced shares, not just trying to maximize its revenue

Should married couples merge finances or keep them separate?

Experts say merging finances is good to meet financial goals but keeping them separate helps in case of divorce

Israel hits north Gaza's main city from 2 sides

Palestinian health officials say air strikes hit near three large hospitals

Citizens have no right to know source of pol funds: Govt to SC

The AG argues that there can be no general right to know anything and everything'

Telecom gear makers push for more incentives

Indian telecom equipment makers have asked the government to provide incentives for increasing value addition in manufacturing to reduce their dependence on imports, even as some companies have begun making fixed wireless access equipment that will be in high demand in India and other global markets.

Gentari, others ink green ammonia deal

Gentari, the clean energy unit of Malaysia's Petronas, AM Green, established by Greenko's founders, and an affiliate of GIC Holdings Pte Ltd, on Monday agreed to produce 5 million tonnes per annum (mtpa) of green ammonia by 2030.

SC pardons NCLAT bench in Finolex case

Fines the former executive chairman of Finolex Cables, Deepak Chhabria

Practo plans IPO in 18 months

The proceeds of the initial public offering will be used to fund future growth, the company's co-founder said

M&M Fin's upbeat view fails to inspire

The Street despises earnings unpredictability and repeat offenders are usually punished severely. A case in point is Mahindra & Mahindra Financial Services Ltd (M&M Financial). The stock plunged on Monday, falling nearly 12% after the September quarter (Q2FY24) results disappointed on key parameters.

NGO Unnati to raise ₹2 crore via listing

Bengaluru-based SGBS Unnati Foundation (SUF), a non-profit organization, aims to raise ₹2 crore from high-net-worth individuals (HNIs) by being the first NGO to list on India’s Social Stock Exchange (SSE). The NGO will look at zero coupon bonds to attract investment from foundations and HNIs tilting towards social impact causes.

Mamaearth IPO: Sustained growth?

The rush for initial public offerings (IPO) continues even as broader markets are somewhat subdued. Honasa Consumer Ltd is the latest to join the bandwagon. The initial share sale opens on Tuesday.Present in the fast-growing beauty and personal care space, its flagship brand Mamaearth’s climb to ₹1,000 crore annual revenue has been quick, within six years. But potential investors may need to look beyond that.

Centre takes steps to cool onion prices amid fresh supply shock

A fresh supply shock triggered by deficient monsoon has led to a surge in onion prices even as the Centre begins releasing stocks from its reserves to cool prices amid high festive-season demand.

AP train crash: Full Kavach cover may take a decade

The protection system stops trains automatically if the driver misses or ignores a signal

MCA to LLPs: Be transparent about beneficial owners

The ministry of corporate affairs has mandated lim(LLPs) to be more open about the beneficial ownership that investors have in them by stepping up reporting obligations of both the firm and its partners.