CATEGORIES

Hindalco net up 71%, but below estimate

Hindalco Industries, the flagship company of the Aditya Birla group, on Tuesday reported a 71% year-on-year jump in its consolidated net profit to ₹2,331 crore for the quarter ended December driven by a robust performance of its aluminium and copper businesses. The profit failed to beat the estimate of Bloomberg analysts.

Brigade Enterprises ups the ante in office, hospitality segments

The south India-focused real estate developer, Brigade Enterprises Ltd, is betting big on its office leasing and hospitality segments.

Renewables biz may recharge Tata Power

Tata Power Co. Ltd's stock fell 8% on Monday after the company reported dull earnings for the December quarter (Q3FY24). Still, the power producer's outlook is upbeat owing to a likely increase in renewables business.

Good Glamm steps up cost cutting measures

Implements efficiency measures, eyes profitability before going public

India, UAE sign deal on investments

India and the UAE concluded a bilateral investment agreement and also signed a framework agreement on the India-Middle East Economic Corridor (IMEC) during Prime Minister Narendra Modi's two-day visit to the Gulf nation.

Centre to SC: Ready for talks with Kerala

The Union government informed the Supreme is prepared to engage with the Kerala government on the limits the Centre imposed on the state's borrowing powers.

Trading codes may push exports of unique non-basmati rice varieties

Government officials are working to assign internationally recogidentifiers-needed for all exports for some uncommon and unique Indian rice varieties so that they do not inadvertently fall into the dragnet of a sweeping export ban.

Scientists to vet weather data, help farmers cut losses

National Test House scientists will also evaluate crop loss data for compensation to be paid

ED begins inquiry into Paytm bank

India's premier economic intelligence agency, the Directorate of Enforcement (ED), has been roped in to check for suspected breaches at Paytm Payments Bank on a reference from the Reserve Bank of India (RBI), two officials aware of the development said.

Malaysia's Gentari bags Fortum India solar projects

Gentari Sdn Bhd, a unit of Malaysia's state-run oil and gas company Petronas, has emerged as the winning bidder for the Indian solar projects of Finland's Fortum Oyj, totalling 185MW, two people aware of the development said.

Tesla seeks Indian partner for rooftop solar panel venture

Electric carmaker Tesla Inc. is scouting for local partners to make its rooftop solar panels in India, a person aware of the matter said.

Go Digit IPO gets Irdai go-ahead

The insurance regulator has approved Go Digit's plan for a public share sale, two people aware of the development said, after faulting the digital insurer last year over a non-disclosure.

New avatar likely for compensation cess

The goods and services tax (GST) compensation cess expiring in March 2026 or before may be replaced with a new levy, if the GST Council feels more revenue is needed, two officials aware of discussions between the Centre and states said.

Farmers clash with cops in Delhi march

Push for MSP meets barricades, tear gas and rubber bullets

India is vying with Vietnam to attract global manufacturers

New Dethi should reconsider tariffs in support of Make in India’

Amnesia over America's banking crisis of 2023 may prove perilous

Itis not good for capitalism when bankers and others who knowingly take risks pay no price when such a risk materializes

The white paper we got wasn't the one needed urgently

There's a glaring disconnect between India's self-congratulatory narrative on the economy and official growth estimates. India's economic growth is the fastest.

A receding El Niño could help ease food inflation

The likelihood of El Niño easing by monsoon time has risen. With luck, rainfall will relieve inflationary pressures and help our central bank achieve the price stability it's aiming for

Can I revise my claim to get DTAA benefit?

I have filed the tax return for assessment year (AY) 2023-24 before the due date. Recently, I came to know that I could have claimed refund for the capital gain tax on mutual funds as per the DTAA (double taxation avoidance agreement) with UAE.

Bitcoin's bounce doesn't settle the biggest worries about crypto

Digital currencies are back, at least if you ask the crypto faithful. The US Securities and Exchange Commission has at last approved Bitcoin fundswith a hard nudge from the courts.

Should investors lap up or ignore SBI Energy Opportunities Fund?

India’s largest fund house, SBI Mutual Fund, has launched a thematic fund to bet on the country’s energy segment

WILL TATA'S CURVV BALL STRIKE OUT HYUNDAI?

Tata Motors needs an extra something to end the Korean company’s 15-year run as the No. 2 in India’s PV market.

PM Modi's Qatar visit to focus on bilateral ties, regional issues

The visit’s announcement coincides with Qatar’s release of eight Indian navy veterans

How the world economy learned to love chaos

Central banks have embarked monetary on austere policy to crush inflation. Worries about the financial system, from bond markets to commercial property to the health of the banks, are everpresent.

Permian rivals reach deal to create $50 billion oil-and-gas behemoth

Rivals Diamondback Energy and Endeavor Energy Resources are merging to create an oil-and-gas behemoth worth more than $50 billion, as higher oil prices and a rush to grab prime acreage fuel consolidation in the energy sector.

Saudi Arabia cites energy transition for oil capacity U-turn

Saudi Arabia's U-turn on its oil capacity expansion plans was because of the energy transition, its energy minister said on Monday, adding that the kingdom has plenty of spare capacity to cushion the oil market.

AI is starting to threaten white-collar jobs. Few industries are immune.

Leaders say the fast-evolving technology means many jobs might never return

SpiceJet laying off 15% staff to save 100 crore per year

The layoffs have begun, and will hit employees in all categories of operations, except pilots

Court strikes right note for music industry, but grey areas remain

The recent Bombay High Court judgement upholding the authority of Phonographic Performance Ltd (PPL) and Novex Communications Pvt Ltd to issue licences as copyright owners could pave the way for royalties for playing music at weddings, restaurants, and other public places.

'Keyboard will now become AI keyboard, pen an AI pen'

Qualcomm Technologies is successfully transitioning from a communications-based to a connected-computing firm, said Alex Katouzian, senior vice-president and general manager of the US company's mobile, personal computing, voice, music, wearables, and extended reality (XR) business units.