CATEGORIES

Wipro's revenue declines, industry outlook bleak

Wipro Ltd saw its quarterly dollar revenue decline 2.1% in the June quarter, after Tata Consultancy Services (TCS) Ltd and HCL Technologies Ltd reported tepid numbers earlier, raising concerns about the sluggish growth of India's $245 billion IT services industry in the current fiscal year.

ChatGPT under FTC investigation for publishing false info

The Federal Trade Commission is investigating whether OpenAI's ChatGPT artificial-intelligence system has harmed individuals by publishing false information about them, according to a letter the agency sent to the company.

Govt may seek cut in ghee, butter GST

The government may propose reducing goods and services tax (GST) on ghee and butter to 5% from the current 12%, according to government documents reviewed by Mint.

Bets on rate cut off as inflation flares

Inflation may average 5-5.4% in FY24, higher than old estimates

How A Pensioner Should Invest To Plan For Her Child's Marriage

We will need to make a few assumptions as follows: Her monthly expenses are ₹35,000 per month, marriage expenses needed after five years would be ₹35,00,000 and the lowest tax bracket would be applicable.

Narratives of statistical decline require much corrective rework

The story of a golden age in the 50s and 60s followed by a long slump fails to acknowledge strides made by official statistics

Our GST regime needs a return to factory setting

The complexity of decisions taken by the GST Council is enough to explain why we need a reset of this regime. Let's get it back in harmony with its promise of one country, one tax'

US heat wave shows no sign of abating

Nearly 25% of the US population is facing high, wilting temperatures that show no sign of abating anytime soon, taxing power grids and raising health risks.

Microsoft's $69 bn Activision deal may attract new UK probe

Britain's antitrust watchdog said that a new merger investigation into Microsoft Corp's $69 billion Activision Blizzard Inc. deal may be needed if the duo restructure their deal in a bid to reverse a UK veto.

NATO offers security assurances for Ukraine

Kyiv has been pushing for rapid membership of the military bloc

NFRA to clarify on past audit jurisdiction soon

The clarification seeks to address stakeholders' concerns over an SC ruling

Disney explores strategic options for India business

Disney is exploring strategic options for its Star India business, including a joint venture or a sale, a sign of strain at one of the premier properties it acquired from Fox.

Excess tax credit use to spur automatic notices

Move to slash input tax credit mismatches, misuse of facility: GST Council

Indian airlines to face capacity shortage in peak travel season

Indian airlines face a potential capacity shortage during the peak December quarter travel season, as aircraft induction plans of major carriers are progressing at a sluggish pace, according to data from aircraft tracking site Flightradar24 .

Delhi HC rejects Go First plea, lessors free to inspect planes

The division bench of the Delhi High Court has rejected the appeal by Go First, seeking a stay on the interim order by a single judge bench on 5 July. The interim order had allowed its lessors to inspect its 30 parked aircraft.

Singh offers lifeline to SpiceJet

SpiceJet Ltd will receive a fresh capital infusion of ₹500 crore from its promoter Ajay Singh, offering a lifeline to the financially-beleaguered budget airline. Singh will infuse the funds by subscribing to fresh equity shares and/or convertible instruments.

India Inc kicks off fiscal with record $8.1 bn Q1 share sales

Amount 29% above previous year's figure; bulk, block deals dominate, led by Adani firms

Vedanta has partners for its semiconductor foray: Agarwal

Vedanta has lined up partners for semiconductor ventures, its chairman Anil Agarwal said at 58th Annual General Meeting (AGM) today. The company has a number of partners and is waiting for government approvals, he said.

Adani sells ₹1,250 CT bonds at 10% coupon

Adani Enterprises returned to the rupee bond market with its first issuance since the US short seller Hindenburg raised allegations against it in January.

SoftBank mulls US listing for PayPay payments business

SoftBank is considering a US listing for its PayPay payments business, three people familiar with the matter said, in what could mark another American listing for Masayoshi Son's sprawling tech conglomerate along with chip designer Arm.

CapFort sets ₹200 cr target for debut fund

CapFort Ventures, a micro-venture capital firm, is set to launch its maiden fund aimed at supporting early-stage startups.

Cabinet okays commercial mining of lithium, titanium

The union cabinet on Wednesday approved amendments to the Mines and Minerals (Development and Regulation) Act allowing commercial mining of lithium and a few other minerals, said officials with knowledge of the development.

India in talks with Netherlands for pharma supplies

The pharmaceutical department is in talks with the Netherlands government to strengthen the supply chain for vaccine raw material and other pharmaceuticals products.

Imports of UK bulk whisky may attract tariff concessions

India is considering offering higher tariff concessions for bulk whisky imports compared to bottled whisky as part of the ongoing India-UK free-trade agreement (FTA) negotiations. The approach aims to encourage the import of intermediate products and address a contentious issue in the trade discussions.

Don't Overreact To The Cancer Risk Of Sugar-Free Sweeteners

These are possibly carcinogenic' just as our use of mobile phones is

GST Shock: Online Gaming, Casinos To Be Taxed At 28%

The Goods and Services Tax (GST) Council on Tuesday exempted integrated GST on select drugs when imported for personal use, redefined sport utility vehicles (SUVs) to prevent carmakers from side-stepping the highest tax bracket and levied a 28% uniform GST on online gaming, horse racing, and casinos on the full value of the bets.

Luxury Car Sales Clock New Record In Jan-Jun

Growing salaried luxury consumer base and new offerings drive demand

Tata May Buy Wistron India iPhone Plant

Tata Group, India's largest conglomerate, is close to an agreement to acquire an Apple Inc. supplier's factory as soon as August, marking the first time a local company would move into the assembly of iPhones, according to people familiar with the matter.

An Indian ultra cyclist thrives in America's toughest race

Ultra cyclist Kabir Rachure speaks to Mint about his exploits in the gruelling Race Across America

Why women's football has a money problem

The Women's World Cup can't hide how women footballers are suffering