CATEGORIES

Ant transfers 10.3% in Paytm to Sharma

The Chinese firm will retain economic ownership of the shares

The UK's latest hydrocarbon policy is not climate friendly

Expanded North Sea production could come to haunt the country

Artificial vs human intelligence: An existential race is underway

Whether AI exterminates human civilization will depend on the extent to which we allow such technology to enslave us

Trade barriers must be deployed with caution

Import licensing for work devices like laptops and PCs are protectionist, with all its pitfalls, but could yet work for India if wielded well as part of a strategy for local manufacturing

How Sebi's new dispute redressal mechanism empowers investors

The online platform aims to make arbitration cost-efficient, less time-consuming for wider set of investors.

WHY INDIA MUST MIND THE CONSUMER CREDIT TRAP

In the last decade, banks loaned more to individuals. But if income growth remains weak, it could open a new stress point

Russia hits back for ship strike

Overnight shelling by Russian and Ukrainian forces across the country killed at least six people, said officials

PM flags off 508 stations' makeover

Modernization of stations will create a new atmosphere for development and a good first impression on visitors, Modi said.

Tata Play to raise bandwidth with extra GSAT-24 capacity

GSAT-24 was launched by NewSpace India Ltd as its first ‘demand-driven’ communication satellite mission after the space-sector reforms, leasing the entire capacity on board to the DTH service provider

Egypt Air eyes pie of India transit traffic with direct flights

In a bid to tap the fastest growing aviation market in the world, the airline has launched a direct flight between Delhi and Cairo

SC spikes Binny plea against Sebi probe

Apex court clears the decks for markets regulator to investigate alleged diversion of Rs850 crore by the textile company

Smaller scale helps regional OTT platforms ride bumps

Aha video, Planet Marathi, OM TV say they haven’t cut budgets as they started cautiously

Edelweiss to join Nitin Desai's death probe

On Friday, Edelweiss group chairman Rashesh Shah and four others were named in an FIR registered following the art director's death

Punjab & Sind Bank eyes mutual fund biz

In a bid to expand its fee-based income, state-owned Punjab & Sind Bank is planning a foray into the mutual fund (MF) space and hopes to find a partner by September, a senior official has said.

'India sees long-term foreign flows; debt troubles unlikely'

In India, regulators have driven change by disruption and innovation, said P​.D. Singh, the CEO & MD of corporate banking, India, at JPMorgan Chase Bank

After delivering in Q1, Zomato just needs to sustain the good run

Zomato had earlier guided that it would turn net profit by Q4FY24. While it is true that Zomato has seen improvement across key operating and financial parameters, a tax adjustment helped it report a net profit of ₹2 crore in Q1.

Is weak NIM merely a blip for SBI?

Amid higher cost of funds, as deposits got repriced, SBI’s NIM fell by 27 basis points (bps) sequentially to 3.3%. This was a negative surprise as the margin was expected to improve a bit due to the lagged repricing of MCLR linked loans.

Musk says X to live-stream fight with Zuckerberg Poutors

Elon Musk said in a social media post that his proposed cage fight with Meta chief executive Mark Zuckerberg would be live-streamed on social media platform X, formerly known as Twitter.

Digital registry on organ transplants to streamline donations on cards

The Organ Donation Registry is being developed by the National Health Authority (NHA) and the union health ministry following consultation with the NITI Aayog for an overhaul of the National Organ Tissue Transplantation Organization

'UPI is world's digital public code; will aid others build their versions'

In an interview, Ritesh Shukla, chief executive officer of NPCI International, says UPI is currently live in countries like Nepal, Bhutan, Singapore and UAE, and will be doubling in the next 12 to 18 months.

Most still choose old tax regime, new one making inroads

In the just-concluded season for personal income tax return filing, 85% of individuals have opted for the old regime, and the rest for the new regime

FBI questioned L&T CEO in Cognizant bribery case

S.N. Subrahmanyan, who became L&T's CEO in July 2017, was “formally interviewed” in Singapore on 21 May 2018, by officials from the US Attorney’s Office and FBI

Eight years later, gold bonds deliver market-like returns

Against an issue price of ₹2,684 per gramme on 30 November 2015, the closing price of 24-carat gold was ₹5,929 per gm on Friday, translating into a CAGR of 12%, including the interest component on the bond’s nominal value, adjusted for tax at the highest income slab of 30%

Sustained luxury demand sparks global interest

Richemont-owned watchmaker Panerai, for instance, has initiated an exclusive preview of its latest luxury watches in India this month to gauge buyer interest in the newest additions to its ‘Radiomir’ and ‘Luminor Due’ collections, some of which are priced as high as ₹50 lakh per piece

PE, VC funds slash their fees, aim for higher carry

The emergence of multi-fund platforms led several PE and VC firms to move away from the traditional ‘2-20 model’, or 2% management fee and 20% carry, where the fund retains a part of the investment profit upon realization

Smartphone mkt to shrink again this yr

Smartphone shipments that crossed 100 million for the first time in 2015 peaked at 160 million in 2021 before shrinking 10% to 144 million in 2022

RBI rate, stance to stay on pause: Poll

Inflation has quickened since June, particularly in vegetables

Smartphone demand drops for 4th qtr

Domestic demand for smartphones continued to be tepid at best, as India saw a fourth straight quarter of annualized shipment declines.

Air cargo in flux after covid, war: Blue Dart

However, company optimistic of resurgence in volumes, says MD Manuel

HC dismisses pleas by startups against Google billing policy

The Madras High Court on Thursday dismissed 14 of 16 petitions against Alphabet Inc.’s Google for its in-app payment billing policy on the Play Store mobile app marketplace.