CATEGORIES

At least 9 dead, 41 injured in collision

Goods train rear-ended Kanchanjunga Express in West Bengal; Railway Board says loco pilot disregarded stop signal

Monsoon rains 20% below normal so far

The monsoon has delivered a fifth less rain than normal so far this season, the weather department said on Monday, in a worrying sign for the vital agricultural sector.

Over 40 'consequential' train accidents since 2018-19

There has been an average of 44 consequential train accidents every year in the five-year period ending 2022-23 (FY23).

High prices may burn out India's growing LNG use

Industries and power plants using liquefied natural gas (LNG) are facing a threat from a surge in prices of the fuel abroad, especially when gas-fired thermal power generation has increased to cope with greater demand and the expanding economy requiring more gas.

NIC hires Yotta to manage its data centre in Delhi

The National Informatics Centre (NIC), to improve its cloud services, has hired domestic cloud services major Yotta Infrastructure to build and manage its data centre in Delhi, according to sources in the know.

NPPA fixes retail prices of 54 essential drug formulations

The National Pharmaceutical Pricing Authority (NPPA) has announced the fixing of retail prices of 54 drug formulations and eight special feature products.

Ticketing, movie biz deal: Zomato, Paytm confirm talks are on

Food delivery giant Zomato and financial technology (fintech) major Paytm have officially confirmed that they are in talks for a potential acquisition of Paytm's movie and event ticketing business.

Innovation to be Nestlé's recipe for India business

The company's annual report called for disciplined resource allocation

Gatwick Airport aims to double India traffic in 5 years, says CCO

Currently, as many as 24 flights a week are being operated from UK's Gatwick to India

Voltage spike disrupts services at Delhi airport

On Monday afternoon, Delhi Airport faced a brief power outage caused by a significant voltage spike in the transmission grid.

Air India apologises to patron over blade-like metal in food

A week after an Air India passenger allegedly found a blade-like metal piece in his food onboard a Bangalore-San Francisco flight, the airline on Monday confirmed the presence of a \"foreign object\" in the food.

Three-wheeler exports may continue to skid in FY25 over subdued demand

India's three-wheeler exports, which have been on a downhill trajectory over the past few years, are showing no signs of recovery in FY25, with key markets like Sri Lanka, Bangladesh, Nigeria, and Egypt witnessing subdued demand.

Amul seeks return of tub to launch probe

Ice cream maker Amul said on Monday that it has requested a customer in Noida to return an ice cream tub after she reported finding a centipede inside.

When business triumphs over rulebook to start a fire

Third part of the series on fire safety takes readers to Delhi and the problems of packed shops, faulty wiring and the trend of doing business without NOCs

SBI indicates another 10-15 bps MCLR hike

State Bank of India (SBI), the country's largest lender that recently raised its marginal cost of funds-based lending rates (MCLR), said these rates were yet to peak and might rise further by 10-15 basis points (bps).

Net direct tax collections grew 9.8% till mid-June

India's net direct tax collections for 2024-25 (FY25) grew 9.81 per cent to ₹4.62 trillion till June 16 of the first quarter over the same period in FY24, officials aware of the figures said.

Budget may retain FY25 fisc deficit target of 5.1%

Record RBI dividend may guide likely focus on capex, special package

Corporate capex growth hit speed bump in FY24

After picking up pace in 2022-23 (FY23), growth in capital expenditure (capex) by the corporate sector in capacity expansion and new projects slowed in 2023-24 (FY24).

Bihar, Andhra carry a high debt legacy

Bihar joins AP in taking fiscal stress in recent years, but lags far behind the southern state in prosperity

DAUGHTERS INC

The unfolding succession at several Indian family businesses is shining the spotlight on daughters

Carmaker bets on India's growing love for SUVs

IPO-bound Hyundai Motor India Limited is betting big on India's newfound obsession with sports utility vehicles (SUVs).

Eye on green future, auto majors line up over ₹2 trn

With an eye on volumes as well as investing in future technologies, leading passenger-vehicle (PV) makers have lined up investments of over ₹2 trillion over the next few years.

HOT ON COLD

How Amul navigated the tricky terrains of India's ice cream market

Apple to ʻpay' OpenAI for ChatGPT through distribution, not cash

When Apple's Chief Executive Officer Tim Cook and his top deputies this week unveiled a landmark arrangement with OpenAI to integrate ChatGPT into the iPhone, iPad and Mac, they were mum on the financial terms.

L&T Finance's rural biz book reaches ₹25K cr

L&T Finance's rural business finance (RBF) book has hit the ₹25,000 crore mark in the first quarter of the current financial year after posting compound annual growth rate (CAGR) of 26 per cent between FY21 and FY24.

Investing for children: Buy house or opt for MFs?

I was speaking to Meera and her spouse, Karan, about their financial plan.

Failure to report foreign income leads to loss of DTAA benefit

Not reporting foreign assets and income may also result in penalty and even jail sentence

Sparks fly after Musk's EVM post, Chandrasekhar offers 'tutorial'

Tesla and SpaceX Chief Executive Officer (CEO) Elon Musk has said that electronic voting machines (EVMs) should be eliminated as they are prone to \"getting hacked\" by humans or AI (artificial intelligence).

Fresher hiring in IT sector tumbles to 2-decade low

India's software services companies have hired between 60,000 and 70,000 freshers in FY24, the lowest intake in two decades, according to HR firm Xpheno.

Is Nabfid the answer to India's infra woes?

Though earlier such attempts had failed, Nabfid should succeed as the ecosystem is changing