CATEGORIES

IMF raises India growth forecast for FY24 to 6.3%

The International Monetary Fund (IMF) lifted its 2023-24 growth projection for India to 6.3% from its July estimate of 6.1%, citing “stronger-than-expected consumption\" during the June quarter. In contrast, the agency expects global growth of 3% in 2023 and 2.9% in 2024, with advanced economies expanding by 1.5% in 2023 and 1.4% in 2024.

Miffed by low offer, Religare orders valuation report

Religare Enterprises Ltd's board has commissioned an independent valuation report as it believes that the company is worth more than the price the Burman family has offered, a person with knowledge of the development said.

Family rift clouds $7 bn sale of Cipla

Some members questioned the need to exit the drugmaker

The answer to good skin lies deep within our gut

Rather than slathering a mask on your face, the solution to getting dewy, healthy-looking skin lies in eating foods that can boost serotonin levels

The New Delhi Declaration was a win for us and the world at large

The G20 leaders' consensus was a success of diplomacy but will be remembered best for how it serves the interests of people

Economics Nobel: Let's talk gender inefficiency

An economy tilted against women fails to make the best use of its resources. Laureate Claudia Goldin popped a money myth, studied gender gaps and opened paths to potential solutions

Why Porinju Veliyath is betting big on small and micro-caps

The founder of Equity Intelligence, who has zero investment in real estate, is also bullish on India's growth story

INSIDE NESTLE INDIA'S BHARAT TRAVELS

Pujari Hotel, a small wayside dhaba on the highway connecting Sitapur to Lakhimpur, two cities in eastern Uttar Pradesh, has a menu that can surprise you— vegetable Maggi: ₹35; butter Maggi: ₹50; paneer Maggi: ₹55.

Research is vital for resilient agri-food system: President

Murmu said women are indispensable in making every grain reach from farm to plate

Crypto Co Funding Drops 63% Before Start Of FTX Trial

Venture capitalists have been under fresh scrutiny for their role hyping up the crypto industry during the criminal trial of FTX co-founder Sam BankmanFried, but new data shows that those investors have pulled back sharply from the industry they once helped build and promote.

Israel imposes complete siege on Gaza, vows to punish region

Israel imposed a total siege on the Gaza Strip on Monday and cut off the water supply as it kept bombing targets in the Palestinian enclave in response to the Hamas surprise assault it has likened to the 9/11 attacks.

Gender pay gap pioneer wins economics Nobel

Claudia Goldin hailed the decision 'as an award for big ideas and for long term change'

Tourists alter plans as war escalates

With the Israel-Palestine conflict intensifying, tour operators are receiving last-minute rescheduling and cancellation requests from Indian travellers who had plans to visit the area or neighbouring regions during December.

TCS closely monitoring safety of staff in Israel

Technology major is involved in several critical projects in the country

'India is being discussed a lot more at the group level today'

The popularity of e-commerce and social media in India has played a major role in stimulating demand for beauty products over the past decade, Alexis Perakis-Valat, president of the consumer products division at L’Oréal, said in an interview. This is helping the world’s largest beauty company attract more shoppers. Valat, who was in India last week, oversees a portfolio of brands for the French beauty company, including Garnier, L’Oréal Paris, Maybelline, Nyx, Essie, and Mixa. Edited excerpts from the interview:

Macro headwinds hit Zoho's overall growth

Company has turned cautious about hiring and spending in the past year

India gets 5th set of Swiss account details

India has received a new set of Swiss bank account details of its nationals and organizations as part of an annual automatic information exchange under which Switzerland has shared particulars of nearly 36 lakh financial accounts with 104 countries.

Jet lenders ask JKC to clarify on probe

Lenders to Jet Airways Ltd on Monday informed the Supreme Court that they have requested Jalan-Kalrock Consortium (JKC) to officially confirm, through an affidavit, whether their investor Florian Fritsch faced fraud investigations by European authorities.

FIR against Hero MotoCorp over fake billing allegations

Complaint by \"disgruntled\" services provider on old matter, case is sub-judice, says Hero

Interest rate cuts likely only after QI FY25, say economists

Economists are paring back their expectation of a rate cut to beyond the first quarter of fiscal year 2025, following a hawkish policy stance from the Reserve Bank of India.

Titan keeps jewellery growth shining in Q2

Titan Co. Ltd’s shares are hovering around their 52-week highs. The jewellery segment has been comparatively resilient, aiding the sentiment for the stock. The company’s latest pre-quarterly numbers show that it has managed to beat the general sluggishness in discretionary demand to a good extent.

Enterprise use cases set to drive metaverse momentum

Virtual reality (VR) goggles, immersive games and new shopping experiences introduced consumers to the metaverse in the last two years; however, the real growth of metaverse may happen on the enterprise side, as companies find multiple use cases.

Media tech co Amagi taps investors to raise $250 mn

Company raised over $100 mn at $1.4 bn valuation last year; plans IPO in 12-24 months

G20 Marrakesh meeting to discuss crypto, MDB reforms this week

The G20 finance ministers and central bank governors meetings in Marrakesh later this week is expected to unveil the roadmap for regulating crypto assets and reforming multilateral development banks (MDBs).

Flood-hit farmers may seek large loans

Distressed fruit and vegetable growers in Himachal Pradesh are considering taking out huge loans for the next crop cycle after floods devastated farm produce.

Road awards totalling ₹3 tn for 10K km soon

This is one of the biggest road project awards in any 6-month period

Elections in five states to be held next month

Over 161 million people in five states across India will vote in assembly elections next month, the Election Commission of India announced on Monday, pressing the trigger on the home stretch of the 2023 poll season leading up to the general elections next summer.

Maruti Suzuki eyes ₹1.25 tn capex to boost EV, SUV play

Maruti Suzuki India Ltd on Monday said it is looking to invest as much as ₹1.25 trillion by 2030-31 to develop 10-11 new models, including six electric vehicles (EVs), and double its annual production to 4 million units. In a presentation, the country’s largest carmaker said it plans to dial up its presence in new vehicle segments, including hybrid, flex fuel and electric, particularly in the sport utility vehicle (SUV) format.

Investors flee shares on widening war fear

Surging oil prices emerge as top concern for investors in India

Kishan Jain on how to approach climate change

The Goldmedal Electricals director says virtual meetings are easier for him