CATEGORIES

Ola enters grocery delivery biz again

BHAVISH AGGARWAL-LED OLA has announced its entry into the quick delivery space for groceries with \"Ola Grocery\". In a social media post, the firm said the service is live across India.

inDrive eyes last-mile delivery

Plans to leverage logistics expertise

Gift voucher: Clarity on GST spurs optimism

THE GST COUNCIL'S decision to exempt gift vouchers from indirect taxation has brought much-needed clarity to the retail and corporate sectors, with industry leaders lauding it as a significant step forward.

IndiQube files draft papers for ₹850-cr IPO

BENGALURU-BASED INDIQUBE, which provides co-working and managed office spaces, has filed its draft papers with the regulator for an initial public offering to raise ₹850 crore.

Coforge working on 30 GenAI use cases in insurance, 10 live

IT SERVICES COMPANY Coforge is actively working on over 30 generative AI (GenAI) use cases within its insurance vertical, with 10 already in production.

Logistics leasing to hit 50 mn sq ft

LOGISTICS & INDUSTRIAL (L&I) real estate leasing volume for 2024 is expected to reach 50-53 million square feet (MSF), marking the third consecutive year with leasing volume exceeding 50 million sq ft, according to a report by property consultant Cushman & Wakefield.

Emerging tech sectors stake claim on 600 MHz spectrum

Allocation should not be beyond a point, say telcos

Happiest Minds sees slower FY25 revenue growth

HAPPIEST MINDS TECHNOLOGIES anticipates its revenue growth for fiscal 2025 to be at the lower end of the guided range of 30-35%, Venkatraman Narayanan, managing director and CFO of the company said.

Duty-free import of yellow peas till Feb

The government on Tuesday extended duty-free import of yellow peas, used as substitute of chana, for two more months till the end of February, with the aim to curb prices of the key pulses variety.

Exporters draw up plans to raise share in US market

IN ANTICIPATION OF the US going ahead with higher tariffs on Chinese imports, the Federation of Indian Export Organisations (FIEO) has formulated a strategy to raise its share in the US market.

Laptop import nods may be tied to capacity growth

TO REDUCE IMPORT dependence and boost domestic manufacturing of laptops and other IT hardware items, the Union government may link import permissions to domestic capacity expansion going forward, it has been learnt.

Kirana body seeks technology support for e-comm challenge

THE FEDERATION OF Retailer Association of India on Tuesday asked the government to provide enhanced technology platform to Kirana stores to enable them to compete with quick commerce firms.

Unincorporated sector generates 11 mn jobs

SMALL FIRMS MAKE BIG CONTRIBUTION

Household liabilities rise to 6.4% of GDP in FY24

THE COUNTRY'S ECONOMIC growth trajectory will likely pick up in the second half of the current financial year, driven by domestic private consumption and a sustained revival of rural demand, the Reserve Bank of India (RBI) said in its monthly bulletin released on Tuesday.

Mining sector gets a leg-up, import reliance down

FUELLING GROWTH

Rabi sowing a tad below last year's level; oilseed cultivation down 5.5%

WITH JUST A few weeks left for the rabi season to be over, sowing of winter crops such as wheat, pulses, oilseeds, and coarse cereals has been a tad below last year's level so far as the area under oilseeds have declined.

The year AI took centrestage

The debate if it is a blessing or a Frankenstein rages on

Shyam Benegal, pioneer of parallel cinema, dies

JUST WHEN MAINSTREAM Hindi cinema stepped into an exciting new phase with the rise of the 'Angry Young Man' in the '70s, Shyam Benegal made a stunning debut as the writer and director of Ankur (The Seedling, 1974), propelling the parallel cinema movement in India.

Honda, Nissan on merger road

SMALLER MITSUBISHI MOTORS, in which Nissan is top shareholder, was also considering joining and would make a decision by the end of January, the companies said.

Toyota-Suzuki pact should be the template in India

ANALYSTS SAID THAT for the Indian market, auto firms can't afford to be just in segments like petrol and diesel.

For IT firms, it's a mixed blessing

\"DESPITE CURRENCY PRESSURES, the sector's growth is underpinned by strong demand, particularly in cloud and AI-driven transformation projects,\" said an industry analyst.

UK insurer Aviva to shed up to 2,300 jobs in $4.65-billion deal

COMBINED COMPANY WILL SHED BETWEEN 5-7% OF ITS TOTAL WORKFORCE

Now, Musk wants you to pay 'X-tra' as premium plans

ELON MUSK-OWNED social platform X has increased the price of its premium-plus plan in several markets starting December 21, as the company aims to boost creator payments.

US launches new probe into legacy Chinese chips

THE BIDEN ADMINISTRATION announced on Monday a last-minute trade investigation into older Chinese-made \"legacy\" semiconductors that could heap more U.S. tariffs on chips from China that power everyday goods from autos to washing machines to telecoms gear.

Noel Tata: From shadows to spotlight

THE NEW CHAIRMAN of Tata Trusts, however, has done enough to remove the earlier perception of \"lack of exposure\".

Emami: Operating margins to improve

Bolt-on acquisitions to drive double-digit revenue growth

Govt schools can fail class 5, 8; no-detention policy ends

THE CENTRE HAS scrapped the no-detention policy in schools governed by it, including Kendriya Vidyalayas and Jawahar Navodaya Vidyalayas, allowing students of Classes 5 and 8 to be held back from the ongoing academic session.

Siemens: Weak outlook on HVDC, Railways

AT ITS Q4FY24 EARNINGS call, Siemens sought to tamper expectations on several fronts: (i) delays in large high voltage direct current (HVDC) orders, as India's preference for line-commutated converter (LCC) technology contrasts with Siemens' global focus on voltage source converter (VSC) technology; (ii) sluggish momentum in railway orders for locomotives and trainsets, with a potential higher allocation to Indian Railways factories; and (iii) muted performance in the LV business (smart infrastructure, including discoms capex and private capex in digital infrastructure).

Awfis Space Solutions: Sustained growth outlook

35% CAGR in seat additions during FY24-27 projected

Merge to survive

Electric mobility is disrupting the global auto industry, forcing alliances and consolidation