CATEGORIES

Delhi HC patents verdict may hit small-scale, mid-sized manufacturers

A verdict by a two-judge bench of the Delhi High Court last week is expected to have an adverse impact on India's mid and small manufacturers who licence patents from large international firms.

Sample search finds 48 drugs sub-standard, one spurious

Keeping a close watch on the quality of drugs being sold in India, the Central Drugs Standard Control Organization (CDSCO) found 48 drugs to be of “sub-standard quality\" and one drug, Heparin injection—used to treat blood clots—was declared “spurious\".

Barbenheimer brings back the cheer

A showdown between two high-profile Hollywood films, Oppenheimer and Barbie, has brought some much-needed cheer to the Indian box office after months of lacklustre sales. Moviegoers flocked to theatres, despite the absence of major Hindi or regional movie productions or popular stars.

GST rate rejig off the table for now

A proposed revision of goods and services tax (GST) rates, aimed at boosting revenue collections and fixing tax anomalies, is unlikely before the 2024 general elections, as the recent meeting of the GST Council did not reconstitute the key ministerial group responsible for examining the matter.

Bain Capital to buy 90% of Adani Capital

Private equity firm Bain Capital announced on Sunday that it had acquired 90% of Adani Capital and Adani Housing, the two non-banking financial companies of the Adani Group, for an undisclosed amount. Gaurav Gupta, the current CEO and managing director, will hold the remaining stake in the two companies, the statement said.

Air India eyes 20% share in air cargo biz in 2-3 years

Air India plans to bolster its presence in the air cargo segment, with a target of securing a 20% market share over the next 2-3 years by utilizing the airline’s incoming fleet of wide-body aircraft that will double its capacity in the near- to medium-term, two people familiar with the development said.

Vedanta's dividend payouts to parent concern lenders

Banks have turned cautious on their exposures to Vedanta Ltd, worried that sizeable dividend payouts to ease the parent’s debt burden might stress the balance sheet of the domestic entity to which they have loaned money, said two bankers close to the matter.

Small investors cash out as markets rally

Scepticism about rally, margin calls among reasons for selling

Go First gets nod to restart flights, with conditions

The civil aviation regulator has granted conditional approval for Go First to resume flights with 15 aircraft or 114 daily flights, in a respite to the airline that has been grounded since its bankruptcy filing in May.

India, Australia explore easing whiskey exports, form group

A newly formed India-Australia joint working group is looking at the possibility of a mutual recognition agreement (MRA) that would help Indian whiskey makers tap into the Australian market, which has a significant Indian population and growth opportunity, two people aware of the development said.

India, Sri Lanka to work for economic, tech agreement

India and Sri Lanka on Friday agreed to start discussions on an Economic and Technology Cooperation Agreement (ECTA) and unveiled plans to cooperate on power, digital payments, connectivity and green energy.

RIL profit drops as refining biz falters

Telecom, retail businesses continue to deliver strong growth

Ashok Leyland Q1 net profit up 8x at ₹576 cr

Hinduja group flagship saw revenue increase 13.4% to ₹8,189 crore

JSW Steel net up 189% in Q1

JSW Steel Ltd’s net profit during the first quarter of the current fiscal grew 189.39% to ₹2,428 crore from ₹839 crore during the same period last year, the company announced Friday.

RateGain sees opportunity in hospitality's talent crunch

An estimated 50 million workers who left the global hospitality industry in the last three years amid the devastating impact of the pandemic may never return to work.

Novopay to spin off retail biz, focus on banking software

Khosla Ventures-backed Novopay Solutions Pvt. Ltd is in the process of demerging its retail business. The company will now only house its banking software business, which was recently rebranded as ‘Trustt’, chairman Srikanth Nadhamuni said in an interview.

Al leaders ready watermarks, info sharing to cut abuse, bias

Alphabet, Meta, Microsoft, OpenAI, others to reveal voluntary safeguards at White House meet

Top investors ask PM Modi to review online gaming tax

Levying 28% tax on full face value could increase liability by 1,100%, investors write to PM

The temporary warmth of fame

Having one's personal and professional life under the microscope can lead to an inability to rest

What links Oppenheimer to an Indian lawyer?

The phrase from the 'Gita' he used is found in lawyer-activist Kashinath Trimbak Telang's translation

Grey finds its way to the ramp

Older women may have greater buying power than Gen Z but inclusivity still isn't on everyone's mind in the fashion world

Easy, light and very nice

In Mumbai, microbreweries partner with restaurants to launch 'session-able' beers

COME RAINS, AND IT'S TIME FOR 'SHEVALA'

The ritual of cooking the rare monsoon vegetable is part of the tradition of certain communities in Maharashtra

Marriage is convenient for men

A disembodied screenshot has been getting folks hot under the collar on Twitter.

Cassandra's burden

CLIMATE CHANGE TRACKER

Can we handle the truth?

Borat changed everything. British comedian and provocateur Sacha Baron Cohen had first created the streetwise alter ego of Ali G-a selfproclaimed streetwise oaf borrowing heavily and obliviously from elements of black culture-but television had never been short on fools, or even foolish interviewers.

In search of 'pure life' in the interiors of Costa Rica

Travelling in the country is a lesson in being mindful of its flora and fauna, and the local concept of 'pura vida'

The latest big worry for world's top luxury labels

Chinese shoppers, among the biggest luxury clients, are not buying enough

Man-made floods of the Yamuna call for ecosystem-led solutions

Submerged parts of Delhi served us a sharp reminder of our need to uphold the ecological integrity of damaged floodplains

The Earth's climate is getting too close to a hot tipping point

Capping global warming at 1.5° Celsius is proving scarily tough