CATEGORIES

Loans outpace deposits for 3rd yr in a row

In the past three financial years, Indian households took more money from banks as loans than they invested as deposits.

India-Chile FTA talks may begin after polls

India and Chile are expected to start discussions on a free-trade agreement (FTA) to boost bilateral economic ties after the Lok Sabha election, said people aware of the matter.

Road ministry's FY24 capex utilisation hits record 99.93%

The Ministry Transport of Road and Highways (MORTH) has reported the highest ever capital expenditure (capex) utilisation of 99.93 per cent during the financial year 2023-24, government sources said on Tuesday.

Ratio of GST collection to GDP increasing gradually

Much has been reported about the robust goods and services tax (GST) collection.

India moved fewer people to non-agri jobs than most neighbouring nations

India has managed to move a smaller share of its working-age population away from farm-related work than many of its neighbours.

Ramdev, Balkrishna file 'unconditional' apology in Patanjali ad case Final SC verdict expected today

Baba Ramdev and Patanjali Ayurved Managing Director Acharya Balkrishna on Tuesday submitted a fresh affidavit in the Supreme Court, seeking an 'unconditional and unqualified apology' in connection with the misleading advertisements claiming cure for diseases and defaming allopathy.

Domestic business, easing price pressure to boost pharma margins

Indian pharma companies are expected to post 14-15 per cent year-on-year (Y-o-Y) revenue growth in the fourth quarter of 2023-2024, analysts forecast, attributing this surge to robust domestic business and benefits from benign price erosion in the US.

Invesco marks up Swiggy valuation to $12.7 bn

US-based fund manager Invesco has marked up the valuation of initial public offering (IPO)-bound food delivery major Swiggy for the third consecutive time to $12.7 billion, a 19 per cent increase from what the company was valued at during its last fundraising, according to regulatory filings.

Pallia: Energised by possibilities in era of tech progress

Wipro's new Chief Executive Officer Srinivas Pallia (pictured) said he was energised by possibilities before the company and the industry in a new era fuelled by rapid technological progress.

Paytm PB MD & CEO Chawla steps down

Managing director (MD) and Chief Executive Officer (CEO) of the beleaguered Paytm Payments Bank, Surinder Chawla, has resigned \"on account of personal reasons\", the company said in a regulatory filing on Tuesday.

'India a significant player in shaping 6G standards'

SIBEL TOMBAZ,head of product line 5G RAN, Ericsson, tells Subhayan Chakraborty in New Delhi that the first 6G systems are expected to go live around 2030.

'Quite a design rethink done to stay relevant'

Real estate major Prestige Group reported a sales milestone of ₹21,040 crore for FY24, marking growth rate of 63 per cent year-on-year (Y-o-Y), as it declared its operational results for the financial year and fourth quarter on Monday.

PLI for mobiles has choked production growth: Foulger

India's production linked incentive (PLI) scheme for mobile phones 'choked' mobile production growth because very few companies qualified for the incentives, said Josh Foulger, president, electronics, Zetwerk.

Tech talent war: 4,500 IT leaders switch jobs in 12 months

About 4,500 leaders in the Indian information technology (IT) services sector switched jobs at least once in the past 12 months.

Hinduja Group enters MF space as IIHL picks up 60% in Invesco AMC

Hinduja Group's IndusInd International Holdings (IIHL) on Tuesday announced entering the asset management space with the acquisition of a 60 per cent stake in US-based Invesco's domestic arm Invesco Asset Management India (IAMI).

Sky-high demand: Politicians drive helicopter rates up 15-20%

BJP, Congress dominate advance bookings, helicopter charter firms say

85% dip in top VC funding in '23; hopes up for '24

Investments by major foreign venture capital (VC) firms, including Tiger Global, Peak XV Partners, Accel, and SoftBank, in India witnessed a major decline of over 85 per cent in 2023, amid the startup ecosystem facing a funding winter.

Normal monsoon likely this year, says Skymet

Bihar, J'khand, WB, Odisha may see deficit in Jul-Aug

Sensex makes pit stop at 75K

Ends in red amid profit-booking as investors await Q4 results

50% of public service organisations set to use GenAI soon

About half of India's government and public service organisations are ready to implement their first Generative Artificial Intelligence (GenAI) solution within the next year, according to a new survey.

CEO compensation grew 40% in 4 yrs

The number of CEOs earning more than ₹20 crore has doubled since 2020

Cash out: Mobile wallet payments may hit ₹532 trn in 2028

Mobile wallet adoption is swiftly becoming a primary payment option in India, surpassing traditional methods like cash and cards.

More dependants, increased liabilities should prompt hike in term cover

Boost health coverage periodically to cope with double-digit medical inflation and access premium health care facilities

Voltas turns up the heat with record AC sales

Shares surge 11% to ₹1,373.2 on sales of over 2 million AC units in FY24

Tata MF launches six sectoral, thematic index funds

Tata Mutual Fund on Monday launched six thematic index funds focused on infrastructure, health care, realty, financial services, automobile, and manufacturing.

Q4 updates add glitter to Titan, Kalyan Jewellers

Business updates from Titan Company and Kalyan Jewellers indicate that demand remains steady through the January-March quarter (Q4) of FY24 despite volatile gold prices.

Emerging markets do well during coordinated global recoveries'

The US market has been the best-performing globally over the past one year.SAVITA SUBRAMANIAN, head of US equity and quantitative strategy, BofA Securities, spells out the factors underpinning a strong US equity market and possible headwinds and tailwinds, going ahead. In an interview with Samie Modak in Mumbai, Subramanian says high valuations suggest low to mid-single digit returns over the next 10 years. Edited excerpts:

Delaporte's exit may weigh on Wipro stock

Brokerages see up to 15% downside

RIL rally, earnings optimism propel markets to new peaks

Investors making long-term bets in hope of political stability: Analysts

Inflation, polarisation, wars creating risks not seen since WWII: Dimon

JPMorgan Chase CEO Jamie Dimon said on Monday that he continues to expect the US economy to be resilient and grow this year.