CATEGORIES

'RBI's bank IT norms to aid governance'

Reserve Bank's regulation on outsourcing of IT serA vices by banking sector entities is aimed at improving corporate governance and will protect the interest of consumers, said industry experts.

HDFC Bank's costs soar on new branches

HDFC Bank witnessed a steep rise in operating cost in the fourth quarter owing to branch expansion and a rise in employee benefit expenses.

Euro stocks may see some more upside

It's getting harder to argue the bull case for Europe Inc., yet that's just what stalwarts at some of the world's largest banks are doing.

All cloud, no silver lining for Infosys

There are no silver linings in Infosys Ltd's results for the March quarter. Constant currency (CC) revenue fell by 3.2% sequentially, against the widely-held expectation of a marginal growth. For perspective, Tata Consultancy Services Ltd (TCS) had seen 0.6% CC sequential revenue growth.

'India PC shipments set to drop for 2nd consecutive year'

India's PC market appears to be nearing the end of its covid-induced runaway growth with analysts predicting a second consecutive year of decline this year.

Microsoft's bid to buy video games giant faces triple anti-trust threat

Depending on which side you're on, tech giant Microsoft is either the hero fighting to bring some of the most popular video games to more people, or the villain on the brink of killing competition in the sector.

CHALLENGES AND POSSIBILITIES FOR OPPOSITION UNITY

Nitish Kumar travelled to Delhi last week to pitch for Opposition unity, and he returned to Patna with some early success. Rahul Gandhi tweeted after the meeting, \"Saath khade hai, saath ladenge, bharat ke liye.\" (We stand together, we will fight together, for India). In a similar tone, Delhi chief minister Arvind Kejriwal said, \"Nitish Kumar's initiative has our support.\" Sharad Pawar, too, echoed Rahul.

Fuel that powers the global economy flashes recession signs

In China, the number of trucks running on highways is noticeably down in recent weeks. In Europe, diesel’s premium to crude futures recently plunged to the lowest level in more than a year. In the US, demand is on track to contract 2% in 2023, S&P Global Inc. says. Excluding 2020, when much of the economy briefly came to a standstill, that 2% slump would be the biggest drop in America’s diesel use since 2016.

New data processing unit to streamline corp filings

India's upcoming central data processing centre will ensure quick and objective approval of corporate filings by taking over the task from scattered regional offices, a person aware of the development said, freeing up the latter for more investigation and enforcement work.

Normal rains to lift rural demand for FMCG firms

If monsoon rains turn out as predicted and raw material prices continue to cool, rural demand for fast-moving consumer goods could recover in the next three to six months, companies and industry experts said.

IMAX, 4DX struggle for content to keep screens running in India

The dogfights of Top Gun and dive scenes of Avatar kept audiences glued to IMAX and 4DX screens last winter, but the premium movie formats that enable such spectacular cinematic experiences are themselves struggling for content in India.

TCS to give 12-15% salary hikes to top performers

The company is also considering a hike in the base salaries of campus recruits, a decision that could prompt rivals such as Infosys, HCL Technologies, and Wipro to follow suit.

Govt aims 45 km of roads a day in FY24

India’s highway construction is projected to accelerate this fiscal year, setting a record for the highest-ever road length built in a year, despite a potential economic slowdown due to global factors.

Amazon throws hat in generative Al ring

Amazon.com Inc. is joining Microsoft Corp. and Google in the generative artificial intelligence race, announcing technology aimed at its cloud customers as well as a marketplace for Al tools from other companies.

Adani Green operational capacity up 49%

Adani Group's renewable energy divisionAdani Green-on Friday announced a 49% increase in its operational capacity, reaching 8,086 MW by the end of fiscal year 2023. This marks the most substantial capacity expansion by any domestic renewable energy company to date.

'No business can skip sustainability today'

Ľ Oréal, the world's largest beauty company, has pledged to achieve carbon neutrality across all its sites by 2025, and by 2030, the company will innovate to let consumers cut by a quarter greenhouse gas emissions resulting from the use of its products compared to 2016.

'No import of dairy products; we will boost output'

India won't import ghee, butter or any other dairy product. Rather, it will boost supplies from untapped domestic sources, animal husbandry and dairying minister Parshottam Rupala said.

Govt works on assistance for crash victims on all highways

India-home to the world's deadliest roads-plans to extend its marquee Incident Management Services (IMS) to all national highways to reduce road fatalities and improve safety for road users.

Dull output, higher price put sugar stocks in a sweet spot

Global sugar prices hit 11-year high, domestic retail prices on the upward spiral too

ReNew to raise $400 mn via bonds to refinance debt

ReNew Energy Global Plc. plans to raise as much as $400 million via bonds to refinance existing debt, invest in approved green projects, and address any additional requirements in line with the green bond framework.

Climate policy, debt recast top G20 Washington talks

Sitharaman says funding of developmental activities needed for low, middle-income nations

21-year-old leaves US red-faced in biggest intel leak in a decade

The Biden administration is going to have a hard time explaining how the biggest US intelligence leak in a decade may have been committed by a 21-year-old airman whose role \"cyber transport systems journeyman\" required a high-school degree, a driver's license and up to 18 months of on-the-job-training.

28% risk of new covid-like pandemic within 10 years

There's a 27.5% chance a pandemic as deadly as Covid-19 could take place in the next decade as viruses emerge more frequently, with rapid vaccine rollout the key to reducing fatalities, according to a predictive health analytics firm.

Impossible not to be optimistic about India's future: Marriott

Marriott International, the world's largest hospitality company, sees India as one of its top markets, president and CEO Anthony Capuano said in an interview.

Hindi film studios hit pause as silver screen clouds up

Movie studios have put fresh projects on hold as fickle viewers, box office bombs, steep star fees and falling revenues from sale of digital and satellite rights make them wary at a time of changing audience tastes.

SCI sale: Govt may invite bids from four companies

Vedanta Resources, Safe Sea Services, JM Baxi and Megha Engineering are among firms that are likely to be asked to place bids for the strategic disinvestment of state-run Shipping Corp. of India (SCI) by next month, officials aware of the development said.

Disney, Viacom18 spar over IPL views

Disney said there was no impact of live streaming on TV ratings

What Hobbles The Growth Of Litigation Financing In India?

When BlackRock Inc., the world's largest asset manager, signed a $254-million deal with Hindustan Construction Co. in March 2019, it fuelled hope of propelling growth in India's nascent market for litigation financing.

A story of the most valuable trainers ever sold

And more from the world of luxury, fashion and changing buying patterns

Taiwan matters more than we'd like to tell ourselves

For most businesses, risk diversification is a good thing.