CATEGORIES

GAIL, BPCL sign 15-yr propane pact

State-run GAIL and has signed an agreement with another public sector major Bharat Petroleum Corporation Ltd (BPCL) for 15-year supply of propane for its upcoming petrochemical plant in Usar, Maharashtra.

Ambuja Q2 profit up nearly fivefold

Ambuja Cements on Wednesday missed quarterly revenue estimates after higher prices damped sales volumes.

'Expect improvement barring macro shocks'

Saffola cooking oil maker Marico Ltd expects household demand to improve in the second half of FY24, provided no major global headwinds impact the commodity cycles. On Monday, Marico reported a 3% jump in domestic volumes for the September quarter. Demand for fast-moving consumer goods was broadly in line compared to the preceding quarter, the company said. In an interview, Marico’s managing director and chief executive Saugata Gupta said the urban markets continued to outperform rural for the food and personal care firm, but he expects a gradual recovery in rural demand in the coming months. Edited excerpts:

In Mumbai's Jio World Plaza, a new destination for luxury

The Reliance group on Wednesday opened the country's largest luxury mall, Jio World Plaza, in Mumbai, seeking to redefine luxury in the heart of the city.

Schneider plans new battery tech in India

Schneider Electric India is looking to expand its battery manufacturing portfolio and develop newer technologies and chemistries for batteries.

Hero MotoCorp Q2 profit jumps 47.6%

Hero Motocorp posted a net profit of ₹1,054 crore in the second quarter of fiscal year 2023-24, which is 47 percent higher as compared to ₹716 crore reported in the year-ago period, as per the financial results declared by the company on November 1.

'Airtel to reduce spectrum auction budget for 2 years'

The telco reported a 38% drop in net profit to ₹1,341 crore for the quarter ended 30 Sep

Jindal Steel investors' worries go beyond a disappointing Q2

Investors in Jindal Steel & Power Ltd stock have more to worry about than just the forgettable September quarter (Q2FY24) results. The chief problem areas are further delays in capacity expansion and a rise in capital expenditure (capex) guidance.

L&T orders shine, but margins dull

Larsen and Toubro Ltd’s (L&T) September quarter (Q2FY24) was characterized by healthy revenue growth and a stellar order pipeline.

DeepMind chief defends AI warning

DeepMind co-founder Demis Hassabis hit back against criticisms from Meta Platforms Inc.'s chief artificial intelligence (AI) scientist who had criticized him and others in the industry for playing up the existential risks of the technology calling them preposterous.

SAP launches gen AI tools for developers

German enterprise software firm SAP on Thursday launched a series of generative artificial intelligence (AI) tools and extensions for its enterprise resource planning (ERP) software suite, SAP Business Technology Platform. However, the company is yet to decide on a pricing strategy for its generative AI capabilities—some of which are not only expensive to build, but can also be costly to run and maintain.

India may resume buying Venezuela oil

Indian refiners are likely to import crude oil from Venezuela at a discounted rate after the US eased sanctions on oil from the Latin American country, according to a report by S&P Global Commodity Insights.

India, Bangladesh open rail link, power, port projects

Prime Minister Narendra Modi and his Bangladesh counterpart Sheikh Hasina on Wednesday launched three India-assisted development projects, two of which are expected to boost trade and improve connectivity with the Northeastern states.

After a boom and bust, the chip industry is regaining health

The global semiconductor industry is bottoming out, executives say, signaling a rebound in some areas of technology and providing relief for the U.S. government, which is spending billions on expanding chip production.

Young more comfortable with credit than older gen

India's borrowers are getting ever younger, with more people taking out their first loans in their mid-20s, a new study showed.

Tata Steel posts ₹16,511 cr loss on Port Talbot impairment charge

Tata Steel Ltd on Monday swung to its highest quarterly loss in two fiscal years after it booked a ₹6,358 crore impairment charge related to a decarbonization project at its Port Talbot plant in the UK.

Manufacturing PMI falls to an eight-month low

India’s manufacturing activity in October grew at the slowest pace in eight months, dragged down by slowing demand in the consumer goods segment, even as new orders dropped to the lowest in a year and cost pressures intensified, a private survey said.

Holders of gold bonds to reap Diwali bonanza

A potential ₹300-crore Diwali bonanza awaits investors in the first tranche of sovereign gold bonds (SGBs) that took off modestly eight years ago but have since enamoured investors with returns rivalling those of stock markets.

GST Oct haul 2nd highest at ₹1.72 tn

Central and state governments collected ₹1.72 trillion in Goods and Services Tax (GST) in October, a 13% increase from a year earlier, marking the second-highest monthly haul since the new tax regime debuted in 2017.

Carmakers hit sales record in October

Indian carmakers reported record monthly sales in October, buoyed by strong rural demand and improved chip supplies as pandemic-induced supply chain snarls eased, lifting festive sentiment.

Team India Cannot Afford To Drop Mohammed Shami

Shami was ignored for four World Cup matches before he seized his opportunity. Here is why he should be first choice

Don't Let Meaningless Phrases Get In The Way Of Climate Action

The term 'unabated' has complicated commitments to phase-outs

Diwali Lights Cheer For Indoor Party Services

Catering services, restaurants, party planners witness heavy demand

Indian para athletes choose ability over disability to win

Indian athletes won a record haul of 111 medals at the 2022 Asian Para Games.This is how they did it

Act with urgency to reform the international monetary system

An IMF restructured to function more equitably would reinforce its role in global monetary and financial governance

Land acquisition clarity could be Singur's legacy

West Bengal should compensate Tata Motors without ado. With luck, amends made could help all of India get its bearings right on bulk land purchases for private industrial projects

Debut of 50-year India bond lures insurers

Insurers in India are lining up to grab a share of the nation’s debut 50-year bond offering, highlighting the growing heft of long-term investors in the nation’s $1 trillion debt market.

Is it necessary to register a will for it to be a valid document?

As per your query, we understand that you are is a Hindu. We are assuming that there is no right or interest of any other person in the property and that the same were held only by you.

Israeli forces scale up incursion into Gaza

Israeli troops drive tanks, armoured bulldozers through rubble

Lower hotel occupancy in Sep despite G20

Nation-wide hotel occupancy rates fell by 1-3% and 3-5% in September compared to 2022 and 2019, respectively, hovering around the 60-62% mark, despite the activities surrounding the G20 closing ceremony.