CATEGORIES

Sandberg to exit Meta's board after 12 years

META PLATFORMS' FORMER chief operating officer Sheryl Sandberg plans to step down from her position on the company's board of directors after her term ends in May, she said in a Facebook post on Wednesday.

Pak strikes back at Iran; China offers to mediate

PAKISTAN ON THURSDAY used killer drones and rockets to carry out \"precision military strikes\" against what it called \"terrorist hideouts\" in Iran's Siestan-Balochistan province, killing nine people, a day after Islamabad downgraded diplomatic ties with Tehran.

FPIs pull out $2.4 bn from equities in two sessions

FOREIGN PORTFOLIO INVESTORS (FPIs) opted for the exit route for the second straight session on Thursday, withdrawing $1.19 billion (₹9,901 crore) from the equities, according to provisional data with the exchanges. On Wednesday, they had pulled out a net $1.27 billion (₹10,578 crore) in the highestever single-day net selling.

IndusInd Bank Q3 PAT climbs 17% on higher core income

INDUSIND BANK ON Thursday reported a 17% growth in its December quarter net profit to ₹2,301 crore, aided by higher core income and a stable asset quality.

Haldiram's in talks to buy rival snack maker Prataap

SNACKS MAKER HALDIRAM'S is in talks to acquire a majority stake in listed rival Prataap Snacks, which is valued at $350 million, to expand its presence in the potato chip market, two people with direct knowledge of the matter said.

Sun Pharma to buy remaining shares of Taro for ₹2,892 cr

SUN PHARMACEUTICAL INDUSTRIES on Thursday said it will acquire the remaining 21.52% stake in Israel-based Taro Pharmaceutical Industries for ₹2,891.76 crore, enabling the merger of the two entities.

SC asks Jet's new owners to deposit ₹150 cr by Jan end

Failure to do so would mean that the Jalan-Kalrock consortium is not in compliance with terms of the resolution plan, the apex court said

India will power global aviation: Airbus India

THE GROWTH OF the global aviation market will be powered by India for the next few decades, Airbus India head Remi Maillard said on Thursday. Maillard was speaking at the Wings India event being held here.

Kejriwal skips 4th ED summons

Reiterating his allegation that the BJP was out to get him, Delhi Chief Minister Arvind Kejriwal skipped the fourth summons issued to him by the Enforcement Directorate (ED) in the excise policy case for Thursday.

CIL may foray into mining of lithium

IN AN AMBITIOUS move to diversify into critical mineral mining, Coal India (CIL) is considering starting exploration and mining of lithium, a key element in the country's energy security strategy.

E-platform for exporters in 2-3 months

THE COMMERCE MINISTRY has started work on an online platform that will facilitate aspiring exporters through guidance and hand-holding in all aspects of trade and it will be made operational in the next three months, Santosh Kumar Sarangi, Director General of Foreign Trade, said on Thursday.

India toughens its stance on farm support at WTO

INDIA HAS DECIDED to put its foot down at the World Trade Organisation (WTO) on the issue of farm support.

Centre set to unveil new business-ready' formula

THE GOVERNMENT MAY make a slew of announcements in the upcoming interim Budget giving a new dimension to the ongoing efforts to improve \"ease of doing business\" in the country.

Tata Steel may take Port Talbot call today; move to hit 3,000 staff

TATA STEEL IS understood to be shutting down its both blast furnaces at Port Talbot in South Wales, the BBC reported on Thursday, adding the Tatas are expected to officially announce the plan on Friday.

Akasa Air orders 150 Boeing 737 MAX jets

THE COUNTRY'S LATEST carrier, Akasa Air, on Thursday announced a firm order of 150 Boeing 737 MAX aircraft taking its total order size to more than 200.

Vodafone Idea's govt dues rise by ₹700 crore

THE FINANCIAL CRUNCH at Vodafone Idea, which has so far been unable to raise funds from investors, is showing as the company's dues to the government towards quarterly statutory dues like licence fee and spectrum usage charge.

No concern on CD ratio: Das

RBI examining feedback on decision to ask banks to pare stake in AIFs

Most rural kids aged 14-18 can't do Class 3 math, 25% can't read

MORE THAN HALF of 14-to 18year-old youths in rural India cannot solve a simple threedigit division problem that's usually taught in Class 3-4 and struggle with everyday skills, including determining time and doing basic calculations, shows the latest edition of the Annual Status of Education Report (ASER) released on Wednesday.

3 tactics India needs to pass German test

TO REACH PARIS, India will have to do something they haven't in close to a decade conquer Germany.

1 SUV makes up for 3 cars for Honda: CEO

THE ELEVATE SUV, launched in September 2023, has filled the sales gap left by three passenger cars -- fourth-generation City, Jazz and WR-V -- for Honda Cars India, Takuya Tsumura, the president & CEO, told FE.

Tata launches Punch EV

TATA MOTORS ON Wednesday launched the electric version of the Punch, its fourth offering in the sub-four-meter category, at an introductory price of ₹10.99 lakh (ex-showroom, all-India).

Platforms may get 72 hours to address user grievances

May have to inform Board immediately in case of breach

Planemakers set to unveil new orders at Wings India

AIRCRAFT MAKERS WILL showcase their latest jetliners and airlines are expected to place new orders this week at the Wings India 2024, which kickstarts here today, as they look to cash in on the surge in air travel in the world's thirdbiggest market.

Apple is world's top phone maker, beats Samsung

APPLE'S IPHONE DETHRONED Samsung Electronics devices to become the best-selling smartphone series over the course of 2023, the first time South Korea’s largest company has lost the top spot since 2010.

Fed rate cut wagers may lean on history

IN THE FACE of continued warnings from the Federal Reserve, traders betting on a March interest-rate cut may be relying too heavily on history, according to some strategists.

Equities to attract more global funds after polls: Goldman

INDIA MAY SEE accelerated foreign inflows into its $4.4-trillion stock markets once the general elections are over, according to a Goldman Sachs strategist.

Auditors must display professional scepticism'

National Financial Reporting Authority (NFRA) has detected an absence of \"professional scepticism\" by auditors in several cases during its inspections, chairperson Ajay Bhushan Pandey tells Priyansh Verma.

HDFC Bank tumbles 8.5%, leads rout in banking index

Brokerages have raised concerns over slower growth in deposits which has impacted bank’s liquidity

Foxconn partners HCL for India chip packaging unit

A subsidiary of the Taiwanese company will form a joint venture with HCL Group and invest 37.2 million for a 40% stake

Apple unveils 15-floor office in Bengaluru

IPHONE MAKER APPLE has further cemented its presence in India by opening a 15-floor office at Minsk Square in Bengaluru. The new office will house 1,200 people and feature a dedicated lab space, areas for collaboration and wellness, and Caffe Macs, the company said.