CATEGORIES

HUL makes key changes to management committee

THE COUNTRY'S LARGEST consumer goods company, Hindustan Unilever (HUL) on Wednesday announced key changes to its management committee (MC).

Tata Consumer profit falls 21% to ₹279 cr

TATA CONSUMER PRODUCTS' third-quarter profit declined 20.7% y-o-y to ₹279 crore, missing Street estimates by a wide margin.

Nestle India Q3 profit at ₹656 cr

NESTLE INDIA ON Wednesday reported a 4.4% year-on-year rise in its net profit to ₹655.6 crore during the October-December quarter, missing Bloomberg estimate of ₹806 crore.

Britannia MD sees volume growth soon

Berry expects firm to post high single or double-digit number

India to oppose talks on non-trade issues at WTO

INDIA WILL OPPOSE any move by the developed world to get any non-trade issue like labour and environmental standards included in the formal talks at the World Trade Organisation (WTO) during the 13th ministerial conference of the global trade regulating body scheduled this month-end at Abu Dhabi.

Economists divided on revival of private capex

THE MUCH-CONTESTED question of whether a private investment cycle has commenced and is becoming broad-based still has economists divided.

‘Credit growth to be sustained in FY25'

The credit growth in the banking sector will likely be around 14% in the current financial year and is expected to further improve next year due to an uptick in private investment, financial services secretary Vivek Joshi said.

Luna latest to take the e-turn

IT'S YESTERDAY ONCE more almost for a host of iconic brands such as Kinetic Luna, Bajaj Chetak, LML Star and Tata Sierra. They were all stuck in the dark alleys of nostalgia for many Indians, but are now getting back in a new, electric avatar.

India nears $100-bn deal with Switzerland, Norway

THE GOVERNMENT IS close to finalising a first-of-its-kind trade deal that could see a small group of European nations invest as much as $100 billion over 15 years in exchange for easier trade access to India, according to people with knowledge of the matter.

Govt asks RBI to issue FAQs on Paytm to soothe users

THE GOVERNMENT HAS urged the Reserve Bank of India (RBI) to issue clarifications in the form of frequently asked questions (FAQs) on Paytm Payments Bank (PPB) for the benefit of millions of customers, who are in a state of confusion.

Microsoft to skill 2 mn Indians in Al, says Nadella

WITH \"AI IS really in the air now\", Microsoft chairman Satya Nadella on Wednesday made a strong pitch for the new-age technology's adoption by India in his keynote speech at a CEO connection event in Mumbai.

PSUs stronger, giving record returns: Modi

Comment follows scaling down of divestment goal

Bumrah's workload key issue for India think tank ahead of busy cricket season

Squad for remaining three Tests yet to be announced

UCC Bill mandates registration of live-in relationships

THE UTTARAKHAND GOVERNMENT tabled the Uniform Civil Code (UCC) 2024 Bill in the Assembly on Tuesday, setting the stage for other BJP-ruled states to come up with similar legislation. If passed, Uttarakhand will become the first state to adopt the UCC.

Brent crude gains on tighter supply prospects

OIL PRICES ROSE on Tuesday in anticipation of tighter supply later in February while markets watched US diplomatic efforts to end the Gaza War and quell tensions in a major crude-producing region.

Arrest of Chanda Kochhar, husband by CBI illegal: HC

THE BOMBAY HIGH Court on Tuesday confirmed the interim bail granted to former CEO of ICICI Bank Chanda Kochhar and her husband Deepak in a CBI case related to alleged irregularities in loans provided to the Venugopal Dhoot-led Videocon Group, saying the Kochhars' arrests were not in accordance with law.

Britannia profit dips 40%, revenue growth sluggish

BISCUITS MAJOR BRITANNIA on Tuesday reported a 40.3% year-on-year (y-o-y) decline in net profit to 556 crore for the quarter ended December 31, 2023.

'We don't want muscle, only capabilities'

Rana Barua, group CEO, Havas India, took on additional charge of the South East Asia and North Asia regions for the company recently.

Blinken pursues Gaza truce quest

US SECRETARY OF State Antony Blinken met Egypt's president on Tuesday as part of a 48-hour, fournation flurry of shuttle diplomacy in search of a ceasefire in Gaza's war, while Israel pressed its onslaught in the south of the enclave.

Adam Neumann wants to buy WeWork out of bankruptcy

ADAM NEUMANN AND capital providers including Dan Loeb's Third Point are exploring an offer to buy WeWork out of bankruptcy, according to a letter sent to WeWork's lawyers that was seen by Bloomberg News.

FAA chief vows to hol Boeing accountable

THE FEDERAL AVIATION Administration's top official pledged to hold Boeing accountable for any quality lapses as the agency examines the US planemaker's manufacturing processes following a near-disaster on an Alaska Airlines flight last month.

Meta to label Al-generated images from OpenAI, Google

META WILL BEGIN detecting and labeling images generated by other companies' artificial intelligence services in the coming months, using a set of invisible markers built into the files, its top policy executive said on Tuesday.

In a historic shift, Wall Street snubs China for India

A MOMENTOUS SHIFT is under way in global markets as investors pull billions of dollars from China's sputtering economy, two decades after betting on the country as the world's biggest growth story.

Tech rally spurs equity indices

BENCHMARK INDICES SENSEX and Nifty rebounded nearly 1% on Tuesday following buying in IT giants TCS and Infosys, foreign fund inflows and positive global trends.

HDFC Bank in a 'wait & watch' mode over Paytm

INDIA'S LARGEST PRIVATE sector lender HDFC Bank is on a \"wait and watch\" mode with regard to the crises unfolding at fintech giant Paytm.

PhonePe, GPay, BHIM cash in on Paytm slide

PhonePe has so far been the biggest beneficiary of the uncertainty surrounding Paytm

InGovern okays 11 resolutions of Sanghi Industries

INGOVERN RESEARCH SERVICES, a corporate governance advisory firm, has urged Sanghi Industries' (SIL) shareholders to vote in favour of all the 11 resolutions, including the appointment of Ajay Kapur as non-executive chairman.

Tatas look to sell 100k EVS in FY25

Automaker sold 69,000 electric vehicles in CY23

Airtel sees capex moderating with 5G rollout in last leg

BHARTI AIRTEL'S CAPITAL expenditure (capex) will come down in FY25 as the company has completed a vast part of the 5G rollout and made planned investments to improve its market share in rural areas, in the current fiscal, the company's CEO and managing director Gopal Vittal said on Tuesday.

100X.VC eyes 40 bets this year, sees funding recovery

PRE-SEED AND SEED stage venture capital firm 100X.VC is looking to make about 40 investments this year that will close out its second fund, while it expects investment momentum to start recovering following a funding drought since mid-2022.