CATEGORIES

Big divisions loom over fossil fuels as COP28 talks head into final leg

Negotiators at the COP28 climate conference in Dubai remained far apart on the future role of fossil fuels on Sunday as talks at the Dubai summit entered their final stage.

Australia to curb record high migration amid housing crisis

Australia plans to bring record-high levels of migration under control by cracking down on student visas and unskilled migration, as the country struggles with a growing housing crisis which has pushed rents to their highest levels in more than a decade.

Israel presses ahead in Gaza

US arms supply and blockage of an international push for ceasefire provide added vigour to Israeli offensive

Foreign films fail to excite as pricey tickets, OTT hurt

Theatre owners rue that the urban, upmarket audience base for these films has moved fully to OTT after covid

'Columbia University is Ivy League, not an ivory tower'

Minouche Shafik, the first woman president of Columbia University, the New York-based institution with more than 200 years of rich history, recognizes that the contemporary world is deeply polarized.

Preference for premium spirits drives up sales of high-priced liquor

The trend has prompted several spirit makers and importers to build on the premium part of their portfolios

Tata Play to introduce targeted advertisements on linear TV

Direct-to-home (DTH) platform Tata Play is set to introduce so-called Addressable Ads on linear television , where different ads can be shown to different audiences during the same programme. The move, a first-of-its kind in India, is a direct result of its recently acquired extra satellite capacity.

Mega deals dried up at Wipro before team lead's departure

While its 3 large rivals won nine contracts of $1 billion in last 3 years, Wipro bagged none

Indian companies eye defence exports to the Philippines

The Indian defence companies have offered systems ranging from protective gear to fighter jets

Home buyers allege fudging by Lavasa resolution winner

Buyers allege DPIL overstated assets and understated liabilities to win the resolution bid

Wall Street gets ready to cash in on $1 trillion climate market

As the carbon offset market gets a new lease on life from the COP28 climate summit in Dubai, bankers from Wall Street and the City of London are positioning themselves to get a chunk of the dealmaking they say is coming.

HDFC, LIC gain the most in bullish week

In the ranking of top-10 firms, Reliance Industries Ltd retained the title of the most valued firm

Mahindra Fin must get a grip on its costs, NIM

Shares of Mahindra & Mahindra Financial Services Ltd (Mahindra Finance) have fallen by 1.6% since it reported its November growth numbers last week, while the Nifty 50 index has risen 1.3%. The non-banking financial company saw fresh loan disbursements of ₹5,300 crore in November, remaining unchanged from the preceding month.

'Seeing shift from component to system play, driven by AI'

In June 2023, US-based chipmaker Micron announced its plan to invest $825 million to set up a semiconductor assembly, testing, marking, and packaging (ATMP) unit in Gujarat’s Sanand. In September, the company carried out the groundbreaking ceremony of the plant and now plans to roll out the first made-in-India chip by December 2024.

Sixth Sense-backed ProcMart readies inorganic growth plan

Business-to-business marketplace ProcMart, which counts investors including venture capital firm Sixth Sense Ventures and IndiaMART's chief executive Dinesh Agarwal amongst its backers, is ramping up its inorganic growth strategy.

Apple to tap Indian auto, aerospace parts makers

Several suppliers of automotive, aerospace and consumer electronics parts are in the fray

Prices threaten to sizzle for red chilli crops after Cyclone Michaung

Households may have to pay more for red chillies, as erratic weather in key producing areas threatens to dampen output of the Indian kitchen staple, leaving firms and consumers to fight off red-hot prices.

13 states, four UTs digitize land records

Digitization of land records cuts detailed project report preparation time from six months to 15 days

Electronics, pharma top exports, beating slowdown

India's electronic goods exports were driven by higher smartphone sales globally

NFRA preps inspection reports of top five auditors

The law mandates NFRA to enforce the country's accounting and auditing standards

Wipro's slide, CEO performance upset founder Premji

Wipro Ltd’s founder chairman Azim Premji has expressed displeasure about the way the country’s fourth-largest information technology services company is being steered to executive chairman Rishad Premji and chief executive Thierry Delaporte, four people aware of the development said.

Blackstone to trim stake in PGP Glass

Jefferies appointed to find buyers; global funds sounded out

Apple may make quarter of all its iPhones in India

Apple and its suppliers aim to build more than 50 million iPhones in India annually within the next two to three years, with additional tens of millions of units planned after that, according to people involved.

In another senior exit, Wipro's head of large deals team quits

The head of Wipro Ltd’s large deals team has resigned, dealing another blow to chief executive Thierry Delaporte who has struggled to retain top leaders and turn around the software services company’s fortunes since he took charge in July 2020.

'No reason Netflix wouldn't have 100 mn subscribers in India'

Ted Sarandos, co-CEO of Netflix, feels that the company has finally cracked the Indian market and is seeing remarkable growth in both subscribers and engagement.

ITC focuses on premium goods in hunt for margins

ITC Ltd is rapidly premiumizing its portfolio with an eye on aspirational shoppers, as consumer goods makers pivot to the juicier side of the retail market for higher margins.

Onion export ban, wheat curbs to keep food prices in check

The government has banned exports of onion and imposed additional limits on stocking of wheat, as it seeks to augment availability of these key staples and check rising food prices ahead of next year's general election.

RBI raises UPI transaction limit

The Reserve Bank of India on Friday announced higher transaction limits for certain transactions done through the Unified Payments Interface (UPI).

RBI tweaks ecosystem to ease market liquidity

Banks allowed flexibility to manage funds over weekends and on holidays

NCLT OKS Sahara QShop insolvency

The National Company Law Tribunal has ordered insolvency proceedings against a Sahara Group subsidiary, deciding that a dispute raised by the company against its creditor was a means to avoid paying its dues.