CATEGORIES

India to grow at 6.3%: World Bank

Economy faces challenges from adverse global factors affecting foreign demand and consumption; service sector to remain strong

'India a priority market for Booking.com'

India has emerged as a priority market for Booking.com, one of the leading global online travel agency based in Amsterdam. The platform has witnessed significant growth in users with people exploring not only international travel and accommodation options, but also considering domestic destinations, Santosh Kumar, country manager for India, Sri Lanka, the Maldives and Indonesia, Booking.com, said.

Multiplexes resist southern studios' plans for shorter OTT window

Multiplexes are resisting the move by film producers from South India to debut their movies on over-the-top (OTT) platforms within four weeks of theatrical release, instead of the stipulated eight-week window.

Capex dips in Q2, may stay muted for a while

Project announcements have seen declines ahead of past national polls

Mfg growth cools in Sep; higher rates don't bode well either

The seasonally adjusted S&P Global India Manufacturing Purchasing Managers’ Index (PMI) was resilient in September, although it did cool down a notch. The private survey’s reading of 57.5 for September is the lowest reading in the past five months. A PMI reading above 50 denotes expansion.

Rise in cement prices in Sep to offset energy cost hike: Experts

The improvement in cement prices seen during September remains positive for the manufacturers amidst rising energy costs.

A spring in the step for CVs in Sep

September automobile volume numbers are out and the commercial vehicle (CV) segment is leading the pack. Key CV companies—Ashok Leyland Ltd, Tata Motors Ltd and VE Commercial Vehicles Ltd—reported year-on-year and month-on-month growth in their respective wholesale volumes. On the other hand, the performance of two-wheelers, tractors and passenger vehicles was mixed with some companies clocking growth and others recording a drop.

Warburg Pincus acquires stake in Everise

Private equity firm Warburg Pincus has acquired a stake in IT services firm Everise Holdings at a valuation of $1 billion, the companies said in a statement. While Everise’s majority owner Brookfield Asset Management will retain some of its stake, co-owner Everstone will exit as part of the transaction.

ASK aims $5 bn AUM in alternatives space

Blackstone-backed group to accelerate the launch of new strategies

Infra sector issues most upgraded by rating agencies

Rating agencies Crisil Ltd. and India Ratings and Research (Ind-Ra) upgraded over 550 debt ratings and downgraded over 250 during the April-September 2023 period (HI, FY24).

Tax collection to meet budget estimates in FY24: SBICaps

Tax collections are expected to meet the budget estimates for FY24 with higher income tax collections making up for a shortfall in excise duty revenue, SBICaps said in a report on Tuesday.

India requests Opec to go easy on output cuts

Minister Puri recalls how world helped stabilize oil price during covid

Airlines prep for Q3 traffic record

A record number of Indians are expected to fly this December quarter thanks to the festival season, lengthy holidays and the upcoming cricket World Cup, airline executives said.

Sebi's finfluencer rules to hurt foreign brokers

The Securities and Exchange Board of India’s (Sebi) bid to tighten regulations on financial influencers, or finfluencers, could have unintended consequences on overseas banks and brokers providing services to foreign portfolio investors (FPIs), two people familiar with the matter said.

New skills lift independent directors' pay

Compensation for independent directors has tripled over the last couple of years as companies scramble to get niche and skilled individuals who fit the bill. The demand for specialist directors is especially strong from medium- and small-scale enterprises and mid-tier firms willing to pay more for their expertise.

Vedanta Resources nears $3 billion refinancing deal

JPMorgan Chase and Standard Chartered to offer loan at higher interest rates

Why India Can't Live Without Dirty Coal

Despite the bad optics, India needs to keep burning coal and open up more mines

'Focus On Metaverse, GenAl Result Of Rising Demand'

Tech Mahindra, the IT services major, is betting on emerging technologies like generative artificial intelligence, quantum computing, metaverse, and more, to tap into new growth opportunities across customer industries.

How Relationships Can Impact Your Well-Being

The quality and variety of relationships in your life can play a role in strengthening your immunity, speeding up recovery from illnesses

China Plus One: Will The Dragon Now Make Way For The Elephant?

We must double down on our strategic advantages as the West looks towards India as a friend-shoring supply chain partner

Our mindsets need to change in sync with evolving technology

Else, like hapless generals in World War I, business leaders might be left fighting yesterday's battle

A weak monsoon won't alter RBI's basic outlook

A shortfall in rainfall raises inflation risks even as crude oil prices add pressure. India's central bank is unlikely to shift policy course. It cannot afford to signal a premature pivot

How buying a new home can save you capital gains tax on shares, MF

Long-term capital gains on shares, MFs, gold will be exempt from tax if used to purchase a residential property

Ukraine's allies worry after US withdraws aid

European officials feel the move may embolden Putin, other aggressors

Outlet malls, where India's discount hunters meet top brands

Real estate developers across India are embracing the concept of outlet malls, inspired by the success of similar models in the West, offering clothing and footwear at discounted rates as brands seek avenues to liquidate stocks.

Pre-pack rescues stall over fear of voluntary haircuts

Only four companies have been through the PPIRP route since its introduction in 2021

'Japanese companies hope for policy stability in India'

Abrupt policy changes pose difficulties in doing business, and Japanese firms are looking for policy stability in India, Takuro Horikoshi, the chairman and managing director of Sumitomo Corp. India Pvt. Ltd, said, in the backdrop of India restricting laptop and tablets recently.

Ex-SoftBank executive sets up stablecoin to dodge inflation

Akshay Naheta, a former SoftBank Group Corp. executive who steered some of the firm's biggest deals, is launching a new company in Abu Dhabi focusing on stablecoin technology.

US tech cos to rally on results: Goldman

US technology stocks may be about to turn a corner after the Nasdaq 100's biggest monthly decline this year, according to strategists at Goldman Sachs Group Inc.

Sep quarter may make barely a ripple for IT

If you are looking for fireworks in the September quarter earnings (Q2FY24), then don't look at the information technology (IT) sector. The narrative for the second quarter (Q2) has not changed much versus the recent quarters. Technology companies are poised to clock muted revenue growth despite a robust deal pipeline. Slowerthan-anticipated ramp-up or conversions of existing deals would cap a sharp revival in revenues in the near future.