CATEGORIES

Manoj Panda new 16th FC member

The government has appointed former Institute of Economic Growth director Manoj Panda (pictured) fulltime member of the 16th Finance Commission, a notification by the finance ministry said.

Critical mineral auctions face three-month delay

Final date to select the preferred bidders for remaining seven mineral blocks has been deferred to July 8

Fifth time in a row: India invokes peace clause for rice in WTO

Prescribed subsidy limit breached for marketing yr 2022-23

Premium of non-life insurers grew 13% in FY24

Non-life insurers posted a 12.78 per cent year-on-year (Y-o-Y) growth in gross direct premium underwritten in 2023-24 (FY24), reaching ₹2.89 trillion, compared to 16.4 per cent in the previous financial year.

Go First gets 60 days more from insolvency court

The National Company Law Tribunal (NCLT) on Monday gave another 60-day extension to Go First to complete its insolvency process.

Biocon leads India push into weight loss drugs

Biocon is pivoting to anti-obesity therapies as patents for the blockbuster medications start to expire, unleashing a wave of generic supply for the market that's expected to touch $100 billion by 2030.

Building materials B2B e-commerce gains momentum

The building materials e-commerce segment, though still nascent, is heating up with companies reporting higher revenues.

Pristyn Care eyes profit in 6 months, mkt debut in 3 yrs

Gurgaon-based health tech firm Pristyn Care aims for profitability within the next six months and eyes an initial public offering (IPO) within three years.

Pharma market value grows 9.5% in March

The Indian Pharmaceutical Market (IPM) saw a 9.5 per cent growth in March 2024 on the back of all major therapy areas showing positive value growth, according to market research firm Pharmarack.

'Stillearly days for GenAI on revenue side'

When the merger of L&T Infotech and Mindtree was announced in 2022 the idea was that the merged entity would be in for larger deals. The integration has been flawless, according to DEBASHIS CHATTERJEE, chief executive officer and managing director of LTIMindtree and the man who put the process in action. Chatterjee talks to Shivani Shinde about the path ahead, the $10 billion target, and the GenAl opportunity in Mumbai. Edited excerpts:

Pegatron may sell only India plant to Tata

Pegatron is in advanced talks to hand over control of its only iPhone manufacturing facility in India to the Tata group, said two sources with direct knowledge, marking the Taiwanese firm's latest scale back of its Apple partnership.

US electronics trade: India lags peers in plugging China gap

Non-Chinese incremental electronics exports to the US considerably lower than Vietnam, Taiwan, and Mexico

Status quo on repo rate to impact car sales: Fada

But says govt spending, expected good monsoon may support demand

Jio adds 3.59 mn users, corners 40% of market share in Feb

Reliance Jio continued to strengthen its position in the Indian telecom market by gaining 3.59 million users in February, and crossing 40 per cent of the subscriber market share for the first time, according to the latest data from the Telecom Regulatory Authority of India (Trai).

Hyundai, Kia tie up with Exide for EV battery localisation

South Korean automotive majors Hyundai Motor Company and Kia Corporation on Monday announced a partnership with Exide Energy Solutions (EESL), a subsidiary of Kolkatabased battery manufacturer Exide Industries, to localise electric vehicle (EV) battery production in India.

INDIA'S MCAP TOPS ¥400 TRN AS INDICES HIT NEW HIGH

The combined market capitalisation (mcap) of all BSE-listed companies crossed ₹400 trillion for the first time on Monday.

Nifty cos' profit growth seen at slowest in 5 qtrs

Brokerages expect revenue growth to remain in low single digits

Consumption story gets a facelift as rural demand shows promise

Consumer goods firms and auto companies are witnessing an upturn in rural demand, which had been lagging for most of FY24.

MoDholds first tri-service conference

The heads of all tri-service military institutions will gather in New Delhi on Monday, April 8, for the first-ever tri-service planning conference called the 'Parivartan Chintan'.

Entry-level coders stare at risk of Al-driven job cuts

As artificial intelligence (AI) is changing work dynamics, entry-level coders must re-skill themselves to specialise in niche technology domains and learn to work alongside AI to minimise the risk of losing jobs, experts said.

Vital signs of change: Al now lifeblood of India's hospitals

Indian hospital chains are slowly turning to artificial intelligence (AI), with some even incorporating generative AI (GenAI).

BEWARE THE HIGHS OF MARCH

The e2W industry scaled many a peak in March. Has the tipping point indeed arrived?

Money is in: Cash recyclers set to get a big leg up

ATMs set to emerge as a remittance channel in their own right as customers can deposit and withdraw money from them using UPI

Crossing the bridge

The onus will be on self-regulatory organisations to reimagine their relationship with Mint Road hereon, reports Raghu Mohan

Insurance: High surrender charges deter exits

Ashish, a staff member, visited his bank a few months ago to rent a locker.

Low credit score? Go for loan against insurance policy

Expect smaller loan approvals in policy's early years, which may necessitate selling of investments instead

Recency bias, global cues underpin elevated valuations'

Overall revenue growth in the fourth quarter (Q4) is likely to remain muted as sectors like consumer staples and information technology (IT) struggle for growth, says SAILESH RAJ BHAN, chief investment officer of equities at Nippon India Mutual Fund.

Sequential recovery to neutralise chemical majors' sales slump

ALCHEMY OF REVIVAL: Early recovery catalysts blend with stable prices and eased supplier tensions

Hot stocks: Warming up to winners in Indian summer

Predictions of scorching heat across India are giving fresh fodder to traders as they hunt for stocks that can outperform in an overvalued market.

How tech giants cut corners to harvest data for AI

In late 2021, Open AI faced a supply problem.