CATEGORIES

MNCs tapped for GCCs in GIFT City

The central government is keen to have foreign banks and multinational companies (MNCs) in India set up global capability centres (GCCS) at the GIFT City in Gujarat, counting on their ability to generate jobs, three people aware of the matter said.

India's FTA talks with UK, EU may skip carbon tariff

India's free trade talks with the UK and European Union (EU) may skip the vexed carbon tax matter in an attempt to fast-track the trade deals, three people aware of the matter said.

China's Desperate Realty Developers Turn To Bizarre Marketing Tactics

The country's real-estate slump is getting worse and looks set to drag on for years

Direct Tax-GDP Ratio Hits Record High In FY23

Direct tax revenue as a share of gross domestic product (GDP) touched a record 6.1% in FY23 amid a strong growth in mop-ups and an increase in the number of taxpayers, the Central Board of Direct Taxes (CBDT) said on Tuesday.

'New GST rate has sent sector back by months'

The gaming industry had an eventful 2023. First, the ministry of electronics and Information Technology (MeitY) emerged as its nodal ministry, offering a clear, designated channel for industry interaction. Then came a big setback with the sharp increase in GST rate.

Houthis Vow To Hit Back At Joint US, UK Strikes

US-UK statement says latest raids hit eight Houthis targets; Houthis list 18

Selfie habits have gone beyond casual pictures for social media

Online self-projections in every possible way, no matter how inauthentic, seem to be the new order

The Zee-Sony deal was doomed from the start

The proposed merger was odd, with its majority owner not assuming executive control. An agency problem' risk of leadership and ownership interests going out of whack was averted

The Zee-Sony split may mean less choice for TV advertisers

Market dominance by a Reliance-Disney-Star union looks likely

Economic forecasts have again had their reliability questioned

Theres a case to rely more on alternative approaches and subjective human judgement as a complement to existing models

Eng tour of India: Part II of Bazball versus the Wall

How will the attacking mindset of England pan out in India against a redoubtable spin trio of Ashwin, Jadeja and Yadav?

Burmans get CCI approval to buy stake in Religare

The Competition Commission of India on Tuesday gave its approval for the acquisition of a 5.27% stake in Religare Enterprises by entities controlled by the Burman family, as well as a subsequent open offer to buy up to another 26% of the financial services firm.

Cos to spend $150 bn on GenAl

Despite challenges, enterprise adoption of generative AI is set to grow in the next three years, says Moody's

Cheaper loans in rural areas to lift sales: Hero

Hero MotoCorp to introduce three new e-scooters in 2024-25

OTT superstars driving streaming platform decisions

A handful of top OTT stars, who are now seen across premium web originals, have gained so much popularity over the past few years that streaming projects are being mounted on their names.

Oxford ends TCS deal over tech issues

Oxford University has severed its partnership with Tata Consultancy Services (TCS) Ltd as its admission test provider, citing \"technical problems\" following feedback from candidates, test centres and parents.

MakeMyTrip spent 542 cr to retain its users in Q3

Customer inducement costs for US-listed travel major MakeMyTrip shot up considerably by 8.7% to reach nearly 542 crore, or $66 million, in the third quarter ended December 2023.

Funding winter for Indian startups may end this year'

The prolonged funding slump affecting Indian startups is showing signs of abating and could potentially end as early as this year, according to Anand Lunia, founding partner of venture capital firm India Quotient.

Axis Bank expects growth in personal loans to continue

Private sector lender's personal loans segment grew 28% y-o-y to 265,083 crore as on 31 Dec

Groww set to halt US investment from Feb

India's largest stock broker by volume, Groww recently announced a halt in its US stocks investment service. In a communication to customers, Groww said that new investments in US stocks would cease after 27 February 2024.

Persistent Systems' pricey valuation keeps investors on their toes

Investors in Persistent Systems Ltd were elated after the company delivered a 3.1% sequential constant currency revenue growth in the traditionally slow December quarter (Q3FY24), sending its stock to a 52-week high of 18,713.70 on Tuesday.

Colgate's margins up, but volume's an issue

Are the best of margins behind for oral care products company Colgate Palmolive (India) Ltd?

India tops investment plans of Japanese companies

India remains the top choice for Japanese manufacturing firms looking to invest abroad, Itagaki Shinichi of the state-owned Japan Bank for International Cooperation (JBIC) said in an interview.

SII receives $30 mn to make vaccines for future pandemics

Serum Institute of India (SII) is set to receive up to $30 million from the Coalition for Epidemic Preparedness Innovations, or CEPI, to expand its vaccine production capability, specifically targeting infections that hold potential to trigger an epidemic or pandemic.

Petrol product export earnings decline

India saw a steep fall in earnings from exports of refined petroleum products in the nine months from April to December 2023 due to declining crude prices, a rise in domestic consumption, and shrinking discounts on Russian oil.

Livestock and dairying may get 20% hike in FY25 budget

Special emphasis on schemes that are aimed at promoting indigenous bovine breeds

Byju's auditor casts going concern doubts

Ed-tech giant Byju's faces \"material uncertainty\" and doubts on its ability to continue as a going concern, the company's auditor said in its 2021-22 earnings report, as what was once India's most-valued startup struggled in a year that was among the best for India's ed-tech sector.

Statistical system now under PMO lens

The Prime Minister's Office (PMO) has begun an important stock-taking of India's statistical system in the wake of several controversies related to official surveys and estimates, according to two persons aware of the discussions in the government.

Sebi scuttled Zee's merger with Sony: Chandra to FM

A week before Japan's Sony Group Corp called off the merger of its local unit with Zee Entertainment Enterprises Ltd, Subhash Chandra, founder-promoter of the Indian entertainment giant, wrote to Union finance minister Nirmala Sitharaman, accusing the country's markets regulator of attempting to scuttle the $10-billion merger.

Markets take a plunge; stormy weather ahead

After a 1.47% fall, derivatives signal more selling; Vix shows volatility ahead