CATEGORIES

RBI's inflation outlook, policy stand fail to soothe markets

The Indian stock markets tumbled nearly 1% on Thursday following the Reserve Bank of India's decision to keep rates unchanged for the sixth time in a row, signalling its reluctance to lower interest rates anytime soon.

Trent continues to grab eyeballs

Just when you thought Trent Ltd had done its best, the apparel retailer surprised its investors, yet again.

Seven textile parks in PM MITRA scheme to get developers by March'24

The selection of infrastructure developers for seven mega-textile parks will be completed by the end of March, two officials said, as India makes a push for becoming a textile manufacturing hub.

Petronet to start gas supply for Sri Lankan power plants in "25

State-run Petronet LNG is expected to supply liquefied natural gas (LNG) to Sri Lanka starting in 2025, said the company's managing director and chief executive officer A.K. Singh.

OVL eyes Venezuelan projects

With US sanctions on Venezuela lifted, state-run ONGC Videsh Ltd (OVL) is in talks with the Venezuelan government for operating two oil and gas projects in the country, said Rajarshi Gupta, managing director of the company.

Govt targets hoarders, cuts pvt wheat stock limits again

Move comes after the consumer food price index rose to 9.5% in Dec from 8.7% in November

Musk opens new front in Disney fight

Elon Musk is intensifying his feud with Disney. Musk, the billionaire owner of X, is soliciting people who want to sue Disney for discrimination. He says he is willing to help pay for their cases.

IT casts skill filter for campus picks

In a year of thinning campus recruitments, two of the three large IT companies that still plan to hire freshers have told engineering colleges that they will prefer only those with certifications in advanced software skills.

White paper triggers govt-opposition clash

The ruling National Democratic Alliance (NDA) government and the opposition Congress party locked horns on Thursday, over a paper tabled in the Lok Sabha by finance minister Nirmala Sitharaman accusing the previous United Progressive Alliance regime of undermining the country's macroeconomic fundamentals, and the Congress hitting back at the government citing price rice and unemployment.

How fears of China link shut the doors on a Paytm venture

Paytm's troubles with the authorities started much before India's central bank announced strictures on its associate company, Paytm Payments Bank, on 31 January.

We give all enough time to comply: Das on Paytm

The central bank on Thursday said it imposed restrictions on Paytm Payments Bank because of persistent noncompliance, insisting that it resorted to such measures only after prolonged engagement with the entities involved.

Rates on hold in last mile on disinflation

RBI expects GDP growth at 7%, inflation at 4.5% in 2024-25

Powell reduced Fed flexibility by going off-script post-policy

He broke with official policy by almost ruling out a March rate cut

The interim budget features hits and misses on climate pathways

It has worthy initiatives. India's carbon reduction must go by hard-nosed realism so that we don't back-load climate action

Maximize the Innovation Fund's impact by focusing on key goals

It must focus on high-tech manufacturing, industrial decarbonization and export competitiveness

Is a truly uniform civil code possible in India?

Uttarakhand's UCC proposal does aim at gender justice in family matters, but falls short on uniformity. Its live-in rules intrude on conjugal relations and its prism is heteronormative

HDFC vs ICICI: A tale of two fund houses and their BAFs

Deciding which balanced advantage fund is better for you depends on your risk appetite

THE LONG WAIT FOR INDIA'S FIRST AGRITECH UNICORN

Interest rate hikes and investor caution have led to a more prudent investment climate

Thali becomes cheaper in Jan on fall in onion, tomato prices

Non-vegetarian thali cost fell 8% last month, as broiler prices declined significantly

Uber Technologies posts first annual profit since its IPO

Uber Technologies posted its first full-year profit as a public company last year and projected continued growth in the first quarter of 2024, marking the end of an era in which the ridesharing and food-delivery company gave priority to growth over profits.

Meta shines with strong sales growth, inaugural dividend

Earnings of Meta and other tech giants show strength across the industry as firms benefit from interest in AI

Lenovo sets sight on PLI to build servers

Company to participate in the ₹17,000-cr PLI scheme for IT hardware

Art collection on the rise in India: Christie's

The Asian art market has been remarkably resilient during the pandemic, and has seen a new bunch of young, millennial collectors emerge. This surge is being driven by immense wealth creation that is taking place in the region, reflected by the stock-market boom.

Not in hurry to sell Nabha Power: L&T

Engineering and construction company Larsen and Toubro has yet to attract 1,400-megawatt buyers for its Nabha power plant in Punjab, but is in no hurry to divest the asset, and will wait for the right valuation, said chief financial officer R. Shankar Raman.

Luna reborn in e-avatar, to seek out entry-level buyers

Firm targets customers in small towns who can't afford two-wheelers because of rising prices

Oil India mulls incorporating a subsidiary in GIFT City

State-run Oil India is looking at incorporating a subsidiary at the International Financial Services Centre (IFSC) in GIFT City, Gujarat, said two people with knowledge of the development.

UAE wealth fund plans $4-5 bn investments through GIFT City

Abu Dhabi Investment Authority (ADIA), the largest sovereign wealth fund in the United Arab Emirates (UAE), is setting up a $4-5 billion fund to invest in India through a tax-neutral finance hub in Prime Minister Narendra Modi's home state of Gujarat, according to two persons with direct knowledge of the matter.

In SAT, ex-Axis MF's Joshi seeks Sebi files

Viresh Joshi, a former fund manager at Axis Mutual Fund (MF), on Wednesday in his appeal before the Securities Appellate Tribunal sought certain documents from the Securities and Exchange Board of India (Sebi) in a case related to his alleged involvement in front running.

Britannia needs steady volumes

Britannia Industries Ltd's volume recovery in the December quarter (Q3FY24) has been quicker than anticipated. Volume growth is estimated at around 5.0-5.5% year-on-year in the quarter. For perspective, in the three prior quarters, volume growth was in the range of 0-2%. The management's outlook on volumes is bright and it aspires to achieve high single-digit or double-digit growth over the medium term.

Valmo to streamline e-com supply chains

Meesho on Wednesday launched logistics-focused platform Valmo aimed at tackling supply chain inefficiencies in e-commerce deliveries at the lowest cost.