CATEGORIES

Ferro Scrap sale likely to conclude in second quarter

Strategic disinvestment of Ferro Scrap Nigam Ltd— a 100% subsidiary of MSTC Ltd—has “entered the last leg\" with the finalisation of the draft share purchase agreement based on the recommendations of an inter-ministerial group, according to two officials aware of the development.

Global slump to limit India's growth in FY24 to 6%: OECD

Forecast is lower than Reserve Bank of India's forecast of a 6.5% expansion this fiscal

Cement stocks shine on improved earnings growth prospects in FY24

Cement companies are seeing an uptick in their stock prices on expectations of sequential improvement in earnings continuing in the first three months of the current fiscal.

Retail inflation hit 25-month low in May: Mint poll

India’s retail inflation is likely to have fallen to a 25-month low of 4.34% in May from 4.70% in the previous month, helped by softer rise in food prices and a favourable base effect, a Mint poll of 19 economists showed.

Moderation in store for banks

Banks have closed FY23 on a good note with strong results for the three months ended 31 March (Q4FY23). Last quarter, credit growth remained healthy. In keeping with the trend seen in the past few quarters, the credit growth was broad-based across segments including retail and corporate segments, though it was mostly led by retail.

Chinese FDI faces great wall in India as security fears rise

Less than 25% applications okayed since Galwan clash, covid outbreak sparked policy change

Back to office takes toll on women@ TCS

Tata Consultancy Services Ltd (TCS) said more women employees have left India’s top software services company than men in the fiscal year ended 31 March 2023 as its return-to-office policy has led to a “reset of domestic arrangements”.

'Empowered to shift gears fast'

Hero MotoCorp’s newly appointed chief executive officer (CEO) Niranjan Gupta is on mission mode to “change gears” fast, double down on customer-centricity and simplify organizational structures at India’s largest two-wheeler maker to attract future-ready talent, Gupta said in his first interview since taking over as CEO on 1 May.

Peak XV and Sequoia may compete: Singh

On Tuesday, storied venture capital (VC) firm Sequoia Capital spun off its India and Southeast Asia entity as a separate unit, rebranding it Peak XV.

'Bisleri to double sales in two years; not selling business'

India’s largest bottled water brand Bisleri is “not selling”, said Jayanti Chauhan, the 37-year-old heir to the business that her father founded, as she firmly settles into the driving seat.

ChatGPT Maker OpenAI To Stay Private

OpenAI Inc. chief executive Sam Altman said he's not interested in taking the artificial intelligence startup public because he wants to maintain full control over the technology as it becomes more powerful.

Do Not Dismiss Apple's Pricey New Headset Too Prematurely

The Vision Pro has turned mixed reality computing interesting

Indian Economy May Slow To 6.3%, Global Growth To 2.4%: World Bank

The World Bank on Tuesday lowered its estimate for India's economic growth rate to 6.3% in FY24 citing slowing private consumption, a key growth driver, due to high inflation and rising borrowing costs.

Will The HDFC Merger Live Up To Its Promise?

Making the mega merger work involves complex moves. Here's the inside story

An Expenditure Council could help promote fiscal prudence

Such a GST Council-like body can advise states on spending matters to ensure the best possible allocation of scarce resources

Earnings of India Inc have not disappointed

Healthy macroeconomic fundamentals have underpinned their growth in the last quarter, but the possibility of El Nino and developed economies slipping into a recession pose risks

How Bajaj Finserv plans to sell MFs to its 100 mn clients

Bajaj Finserv AMC, India’s 41st mutual fund house, is gearing up to launch inaugural new fund offers (NFOs). With 87 funds filed across equity, debt and hybrid categories, Bajaj Finserv seeks to capitalize on its existing 100 million customers, leveraging its clientele for the new fund house.

Oil erases gains that followed Saudi-led production cut

Oil erased all the gains that followed Saudi Arabia’s surprise weekend pledge for extra supply cuts.

SEC sues Coinbase for running unregistered securities platform

The Securities and Exchange Commission sued cryptocurrency platform Coinbase on Tuesday, charging the company with operating an unregistered securities platform and brokerage service.

Ukraine dam blast blamed on Russia tips war into new phase

The Kremlin denied responsibility and said Ukraine was behind the blast at the Kakhovska hydroelectric plant

Tata Consumer to enter new categories

Tata Consumer Products is undergoing a transformation to establish itself as a comprehensive fast-moving consumer goods (FMCG) company, chairman N. Chandrasekaran said at the company’s 60th annual general meeting held on Tuesday.

Honda's new SUV aims to Elevate sales by 35%

After restructuring operations, Honda Cars has been profitable for last 2 yrs

NSE thwarts BSE's volumes bid with expiry day change

Expiry of Bank Nifty derivatives on Friday, after BSE's earlier move on weekly Sensex, Bankex

'Cos must act to check toxic office behaviour'

The suspension of a senior HDFC Bank executive after a video of him berating juniors has sparked a debate on toxic behaviour at workplaces, primarily involving stressful jobs in sales.

India's internet economy may hit $1 tn by 2030, says report

India’s internet economy is projected to grow to $1 trillion by 2030 from $175 billion in 2022, according to a joint report by Google, Temasek and Bain & Company, released Tuesday.

Sequoia is Peak XV in India, SEA

India-SEA unit turns independent under global recast

RBI to curb inflation with liquidity drain

The Reserve Bank of India (RBI) intensified its operations to remove cash from the banking system, showing it wants to keep liquidity tight to rein in inflation.

Falling cost only bright spot for steel makers

Steel makers saw some respite in the March quarter (Q4FY23) with volumes and domestic prices rising sequentially. Seasonality had a role to play here as Q4 is usually the strongest quarter. Also, the margin performance improved across most companies.

Delhi CM okays 24X7 opening for 155 shops, establishments

Chief Minister Arvind Kejriwal has granted approval for round-the-clock operation of 155 shops and commercial establishments across Delhi, a move aimed at boosting the city's night-time economy.

Central facility to aid ease of entry and exit for business

Decision-making to move from Registrars of Companies to central facility in next six months