CATEGORIES

Rise, ruin, and redemption?

LEGACY IN RUBBLE: As founder of NCP, Sharad Pawar is a man in a hurry, torn between rebuilding from the wreckage and aligning with BJP for a last shot at political survival. ADITI PHADNIS writes

North-South divide gets a lot of latitude

DIVISIBLE DISSENT: RADHIKA RAMASESHAN explores the North-South coordinates, addressing the Centre's alleged 'injustice' in devolution of taxes to states south of the Vindhyas

Prime minister by chance, statesman by design

In his final press conference as prime minister (PM) in January 2014, Manmohan Singh expressed his belief that history would be kinder to him than the contemporary media and the Opposition.

ONGC Q3 net profit down 8% at ₹10.7K cr

Oil and Natural Gas Corporation (ONGC) posted a 7.9 per cent decline in its consolidated net profit to 10,748 crore in the third quarter (October-December) of FY24, from 11,665 crore in the corresponding quarter of the preceding financial year.

Downside risks to growth persist

On Thursday, in his post-Budget monetary policy statement, the governor of Reserve Bank of India (RBI) projected for the next financial year (FY25), real GDP growth at 7.0 per cent and the consumer price inflation at 4.5 per cent.

LIC's VNB margin growth higher than pvt peers in Q3

State-backed Insurance Corporation of India (LIC) recorded strong growth in the value of new business (VNB) margin in the third quarter of financial year 2023-24 (Q3FY24) while major listed private life insurers reported a weak performance.

Direct tax mop-up at 80% of FY24 RE

Direct tax collections grew 20.25 per cent till February 10 of the current financial year (FY24), which is more than the 17.24 per cent pegged in the revised estimates (RE) for the entire year.

'DELHI CHALO' MARCH Ministers to meet farmers today

The Haryana government fortified the state's borders with neighbouring states while suspending mobile internet and bulk SMS services in several districts on Sunday, a day ahead of the second round of negotiations in Chandigarh between the protesting farmers and representatives from the Central government.

Sales flat, urea output up 12% till Dec in FY24

Coming months may see adequate supply of country's most consumed fertiliser

Cairn to start drilling in 4 Assam blocks next mth

Cairn Oil & Gas is set to embark on a new venture in Assam next month.

FinMin rejects plea to double minimum EPS pension

The Union finance ministry has rejected a proposal sent by the labour ministry to double the monthly minimum pension amount to ₹2,000 under the Employee Pension Scheme (EPS).

Investment push slows down in key PLI sectors

Outlay growth 'significantly slow' in textiles, IT hardware, specialty steel

'Supply chain isn't a concern'

GFCL EV Products, a wholly owned subsidiary of BSE-listed Gujarat Fluorochemicals Limited (GFL), has announced a 6,000 crore investment to ramp up the production capacity of battery materials for electric vehicles. BIR KAPOOR, deputy managing director and chief executive officer, GFL, in a video interview with Nitin Kumar discusses the company's plans. Edited excerpts:

Govt probing China FDI in Paytm Payments Services

The government is examining foreign direct investment (FDI) from China in Paytm Payments Services Ltd (PPSL), the payment aggregator subsidiary of One97 Communications Ltd (OCL), sources said.

'Not just industries, rural consumers driving demand too'

PRAVEER SINHA, chief executive officer and managing director of Tata Power, is optimistic about India's power demand growth in the long term. The company will be spending ₹60,000 crore in the next three financial years, with significant investments in renewables. In a telephonic interview with Amritha Pillay, Sinha discusses the company's plans for coal mines, as it makes a concerted push towards carbon net zero. Edited excerpts:

'In 4-5 yrs, we plan a capex of 1,500 cr'

Biocon is preparing to make the most of the peptides opportunity as these drugs start to go off-patent globally. It has already filed for approvals in several countries, and is vertically integrated to make these peptides, which are used to treat diabetes and obesity. Speaking to Sohini Das and Aneeka Chatterjee over a video interview, Biocon's Chief Executive Officer (CEO) and Managing Director (MD) SIDDHARTH MITTAL outlines the growth strategies and challenges ahead. Edited excerpts

HMD unveils strategy to recover lost ground

Can the launch of smartphones under its own brand name by Finnish company HMD Global - despite having a licence to use Nokia brand which it bought from Microsoft help it regain its once dominant position in the mobile phone sweepstakes in India, where it was once routed? In 2009, Nokia was the country's largest MNC with revenues of $4 billion and a market share touching 80 per cent in 2010.

With second PLI certification, Ola eyes 13% subsidy

IPO-bound Ola Electric's flagship S1 Pro e-scooter has received Domestic Value Addition (DVA) certification under the government's production-linked incentive (PLI) scheme for the auton bile and auto compo nent industry to book a 13 per cent subsidy on the sales value.

A FIRST IN OVER A DECADE TCS share in Tata group mcap falls below 50%

Tata Consultancy Services' (TCS') contribution to the overall market capitalisation (mcap) of listed Tata group companies has slipped below 50 per cent for the first time in over a decade.

Govt readies first draft of digital competition Bill

Proposes digital entities to ensure interoperability, data sharing, portability

Secure lease pact of 3 to 5 years, look beyond prime areas

Incorporating annual 5-7% rent hike clause in rent agreement will ease concerns

Volume outlook retains fizz for Varun Beverages

Strong Q3 result, strategic buys position the firm for continued success

BAT stake sale, tax key concerns for ITC

ITC stock slipped over 4 per cent on Monday after British American Tobacco (BAT) said it could sell some of its stake in the company.

Strong prospects likely to drive growth rates for Zomato

Zomato's food delivery business reported 6 per cent Q-o-Q (27 per cent Y-o-Y) growth in Gross Order Value or GOV.

Indian markets at highest ever against Hong Kong

Analysts say trend underscores the shift in investor sentiment

LIC MF chalks out growth path, aims for ₹1 trillion AUM by 2026

Fund house will focus on performance, distribution reach under new CEO

Rashi subscribed 60x; Jana SFB booked 18x

Investor's responses to the three IPOs that closed on Friday were mixed.

Grieving through popular culture

More than six million Jews equally outstanding movies.

WHO RULES THE ROOSTER

Moti Mahal or Daryaganj Hospitality? The two restaurants walk on eggshells as the Delhi High Court hears the butter chicken invention case to decide what came first

Addressing the land question: Focus on equity

In my previous article, I unpacked the problem of iniquitous allocation of land resources in three domains.