CATEGORIES

Q4 powers ABB India, near-term positives seem priced-in

The profit after tax (PAT) of ABB India beat Street estimates during October-December (Q4) of 2023 (ABB has a year-ending in December 31), as margins beat expectations.

'Challenges remain but India better equipped to move

το UIOUg' Cloud, generative AI (artificial intelligence), hyperscalers, high-redundancy data centres.

Grasim entry dulls paint companies' palette

CLSA downgrades Asian Paints to 'sell'

Int'l MF schemes see fresh restrictions

International mutual fund (MF) schemes are seeing a fresh round of restrictions on investments as the foreign investment limit remains capped at $7 billion.

Consumption shift

Regular updates will better inform policy

A deep threat to election integrity

Deepfakes pose a daunting challenge for India and, if not tackled, they could undermine the 2024 elections

Russia will hit back if foreign assets are seized:Siluanov

Russia will give a \"symmetrical\" response to any actions by the US and its allies that target its frozen assets abroad, Finance Minister Anton Siluanov (pictured) said.

Palestinian PM resigns amid calls for reform

Palestinian Prime Minister Mohammad Shtayyeh announced his resignation on Monday, as the Palestinian Authority looks to build support for an expanded role following Israel's war against the Islamist group Hamas in Gaza.

Jacob Rothschild, banker who turned away from dynasty, dies at 87

Jacob Rothschild, the banker and philanthropist who left the family bank to build his own financial empire in the City of London, has died.

Meta to set up team to counter AI abuse, disinformation in EU polls

Facebook owner Meta will set up a team to tackle disinformation and the abuse of generative artificial intelligence in the run-up to European Parliament elections in June amid concerns about election interference and misleading Al-generated content.

BJP may field new faces to beat anti-incumbency

LOK SARHA DI AVROOK On Monday, former diplomat Taranjit Singh Sandhu posted pictures on social media of his interaction with farmers on the Indo-Pakistan border in Punjab's Amritsar.

'vestment boom': Modi flags off ₹41K cr rail works

Says consumption rose by 2.5x in 10 years, talks of India's achievements

'Any change in withdrawal stance will unsettle markets'

The Reserve Bank of India (RBI) kept the lending rates unchanged at 6.5 per cent earlier this month.

CREDIT CARD ISSUANCE HDFC Bank widens gap with SBI Card

The gap between the number of credit cards issued by HDFC Bank and SBI Card widened to 1.5 million at the end of January 2024, from about 1 million cards a year back, data released by the Reserve Bank of India (RBI) showed.

Banks await RBI nod for appointing 2nd whole-time director

Some need time, no regulatory approval yet for new CEO

Additional 10K cr capex spent on OTT: COAI

Telecom operators have spent an additional 10,000 crore in capex since March 2022 to enhance network infrastructure needed to support traffic from four-five Over The Top (OTT) service providers, the Cellular Operators Association of India (COAI) told the Finance Ministry.

Centre achieves 64% of small savings scheme target

The finance ministry is confident of achieving the mop-up target of small savings for the current financial year (FY24), government sources said.

WTO should not negotiate on non-trade issues: Goyal

Says such matters should be addressed in intergovernmental organisations

India may face 10% VAT under CBAM regime

Production in India may implicitly face tariffs to the tune of 10.5 per cent valueadded tax (VAT) if the European Union's (EU's) Carbon Border Adjustment Mechanism (CBAM) comes into effect, according to a study by the Asian Development Bank (ADB) published on Monday.

Marlabs to add 500 to workforce this yr

US-based IT company Marlabs is bullish on India's engineering talent and plans to hire about 500 people in the country this year as it aims to double its revenues in the next three years.

SUVS may be 62% of FY25 PV sales

The share of sport utility vehicles (SUVs) in total passenger vehicle (PV) sales in India is expected to grow from 51 per cent in 2022-23 to 62 per cent in 2024-25, a CRISIL Ratings report stated on Monday.

Neodocs aims to perform 100 mn tests in 3 years

Neodocs, a health technology startup that utilises smartphones to conduct diagnostic tests, plans to perform 100 million tests in the next three years, a big jump from the 250,000 tests it has conducted since starting operations in March 2020.

Sharma steps down from Paytm PB board

Paytm Payments Bank (Paytm PB) has decided to reconstitute the board by inducting former bureaucrats and public sector bankers while removing the founder of Paytm and Chief Executive Officer (CEO) of One97 Communications (OCL) Vijay Shekhar Sharma as parttime non-executive chairman and board member.

MCA: Byju's probe put on fast track

The Ministry of Corporate Affairs (MCA) has directed its officials to expedite inspection in the Byju's case, a senior official said.

ChatGPT rival Krutrim's beta AI rolled out

Results 'less detailed' than OpenAl product, say early users

Adani unit unveils ammo, missile sites

Lines up investment of over ₹3,000 crore

Uber coming from behind and talking it up: Ola CEO hits back

Uber chief had said Ola was foraying into other areas but Uber was focused on ride-sharing business

MG-JSWJV may go live in a few weeks

MG Motor India, currently wholly owned by Chinese car maker SIAC Motor, expects to close its joint venture (JV) with the JSW group within a few weeks and projects that electric passenger car penetration in India will hit 7-8 per cent in 2026, which is likely to be the tipping point for the segment.

Somanathan panel set up to finalise uniform KYC norms

Regulators told to hold monthly meetings with startups and fintech firms DUOTO.

Home biz grows faster than overseas for Indian MNCs

About 15 years ago, leading Indian companies, such as Tata Steel, Tata Motors, Hindalco, Bharti Airtel, and Motherson Sumi, embarked on an ambitious global expansion and this was achieved through multi-billion-dollar acquisitions in North America, Europe, Africa, and Southeast Asia.