CATEGORIES

Above-normal rains possible in July: IMD

Warns of riverine floods in parts of North India

'Have strong pipeline of AI-led deals'

Mid-sized IT services company Sonata Software expects to grow above industry rates with growth bouncing back in the second half of the current financial year. JAGANNATHAN CHAKRAVARTHI, chief financial officer, Sonata Software, talks about the outlook for FY25, deal pipeline, and artificial intelligence (AI) strategy, in an interview with Ayushman Baruah in Bengaluru. Edited excerpts:

Trade union stalls stir plan at Tata Steel's Port Talbot

UK trade union Unite on Monday suspended industrial strike action at Tata Steel's operations in South Wales slated for next week.

User experience may be hit over digital competition Bill

The unbundling requirements under the draft digital competition Bill (DCB) may compromise the overall user experience of digital platforms, argued a study on the proposed legislation.

A first: Air India to set up flying school

Air India (A-I) on Monday said it is setting up a flying training organisation (FTO) at Amravati in Maharashtra to produce pilots for planes the airline and other carriers are going to receive in coming years.

Data stickiness may see users absorb mobile tariff hike

Industry Arpu may breach ₹200 mark in FY25

Delhi airport T1 incident: IIT-D assessment report in a mth

Structural engineers from IIT Delhi, engaged by the civil aviation ministry, are expected to complete an independent assessment of the roof collapse incident at Delhi airport's T1 in a month's time, according to a senior official.

Patanjali Foods to buy non-food biz of Patanjali Ayurved

Fast-moving consumer goods (FMCG) company Patanjali Foods (formerly Ruchi Soya Industries) announced on Monday its acquisitio of the entire nonfood business from Patanjali Ayurved.

KKR picks up 70% in BMH for ₹2K cr

Global investment firm KKR on Monday said that it will acquire a controlling stake in Kerala's multispeciality hospital chain Baby Memorial Hospital (BMH).

EV sales rise 20% in June on low base effect

However, sales down 14% from May

We rely on demand pull; no excess stock with dealers: Toyota

Toyota Kirloskar Motor (TKM) does not have excess inventories with dealers because the company works on a \"pull\" system, by which its production is aligned with demand, its Country Head and Executive Vice-President Vikram Gulati told Business Standard on Monday.

Car sales on growth track in H1

New models boost supply to dealers - a key metric of pvt consumption - despite polls, heatwave

M&A deal value in first half lowest since 2017

The deal value of mergers and acquisitions (M&A) in the first half of calendar year 2024, despite the rising stock markets, slowed 9 per cent to $38 billion as against $41.74 billion in the same period of 2023.

GST mop-up ₹1.74 trn, growth slows to 7.7%

Growth less than 12.4% recorded in April and 10% in May

TaMo drives group's finances to new high

Boosted by a sharp rise in Tata Motors' earnings, the combined net profits of listed Tata group companies grew at a double-digit rate in 2023-24 (FY24), and the group balance sheet ratios showed the best health in 18 years.

New projects in Apr-Jun down over 90% to lowest on record

Announcements on setting up factories, building roads, and other new projects fell below the 1 trillion mark, according to early data for the April-June quarter (Q1) of 2024-25.

India's medical tourism gets booster shot from Bangladesh visitors

India saw a dramatic increase in medical tourists from Bangladesh in 2023, with numbers soaring 48 per cent to 449,570 from 304,067 in 2022.

Apple surpasses PLI targets on 5 parameters of 6

Technology major Apple, the poster boy of India's production-linked incentive (PLI) scheme, has exceeded its targets on five of the six parameters that the government monitors.

Finance World's Question To Self: Too Many Regulators Within?

From fintech to urban cooperatives, a host of industry associations have expressed interest in becoming self-regulatory organisations

Mid-year portfolio review: Trim equity exposure after surge

Enhance term cover if liabilities have increased; boost health coverage to match medical inflation

Perils of keeping surplus money in bank accounts

In the 1970s, Jack, a United States (US) citizen, wanted to marry Anna, a citizen of the Communist Soviet Union.

'Government unlikely to choose fiscal profligacy'

\"You will not lose money if you take a medium-to-long-term view of India.But in the short term, I am not comfortable, as the current rally is purely liquidity-driven,\" observes RAJ BHATT, chairman and chief executive officer of Elara Capital. In an interview with Sundar Sethuraman, Bhatt says India stands out globally because of its financial discipline. Edited excerpts:

The quiet achiever: Conservative by nature, bold in returns

UTI Money Market Fund, launched in April 1997, has consistently ranked in the top 30th percentile of the money market fund category in the CRISIL Mutual Fund Ranking (CMFR) for three consecutive quarters through March 2024.

Jubilant to deliver extra cheese on value, with slice of pizza recovery

Domino's Indian franchise gains steam as pizza outpaces burger rivals amid shifting market dynamics

They came, they conquered

After World T20 win, Indian cricket begins transition period with Sharma, Kohli and Jadeja announcing retirement from shortest format in international cricket

A milestone on bond street

India's entry into the global bond index is a great sentiment-booster, but much of it has already been factored in

BALANCING ACT

After a challenging year post-merger, HDFC Bank looks poised for a strategic path forward

Window opens to give urban cooperative banks an uplift

In many countries, cooperative credit societies - also known as credit unions - have established significant importance and presence.

Small cash is a big deal

The micro-ATM channel has held its own despite growth in digital payments and pricing not being raised

Robots in your veins

A central conviction held by artificial intelligence (AI) boosters, but largely ignored in public discussions of the technology, is that the ultimate fulfillment of the AI revolution will require the deployment of microscopic robots into our veins.