CATEGORIES

SUV allure lifts PV sales beyond 4 mn

Costlier models, pricier inputs lift average vehicle prices by 10%

Theobroma owners, ICICI Venture tap banks for stake sale

Promoters and investors of Theobroma Foods have begun talks with merchant bankers for a stake sale in the 20-year-old patisserie chain, people aware of the development said.

GST revenue in Dec slips to 1.65 tn, may pick up again

Central and state governments collected 1,64,882 crore (1.65 trillion) in goods and services tax (GST) revenue in December, a notch below the average so far this year of 1.66 trillion per month, but still a 10.3% jump from a year ago.

A year of enriching and unusual conversations

From humility to staying positive, interactions with strangers, celebrities and poets taught me invaluable lessons through the year

AI to diversity: What to expect at the workplace this year ISTOCKPHOTO

The year 2023 saw several changes to the workplace.

Funding winter for startups likely to thaw this year

The new year will likely see a flurry of investors coming into the market to back companies

The AI question we should be asking

AIthough our age is defined by humanity's disproportionate influence on the planet, we ourselves are undergoing profound changes.

The battles Ukraine has already won

Nearly two years after Russia launched its full-scale invasion of Ukraine, the war's end seems nowhere in sight.

Could the Israel-Hamas war pave the way for lasting peace in the region?

Hamas's murderous raid into southern Israel on 7 October triggered a new round of horrific bloodshed in the Middle East.

Presidential poll gives America the jitters

If one event dominates the coming year, it will almost certainly be the US presidential election.

Europe far from balance in its China ties

The last year has solidified China's status as one of the most salient foreign-policy challenges facing Europe.

The moral of the China story

Only a few years ago, at the Communist Party of China's (CPC) 19th National Congress in 2017, President Xi Jinping declared that \"socialism with Chinese characteristics... [is] blazing a new trail for other developing countries to achieve modernization.\"

Restoring trust in global leadership

Global leadership was woefully absent in the wake of the COVID-19 crisis, which left no country unscathed.

Geopolitics and the great fragmentation

Geopolitical pressures and other non-economic factors have put the global economy on a path towards fragmentation.

The outlook for multilateralism in 2024

To gain a glimpse of the kind of strains many countries will face in 2024, it can help to focus on the challenges facing a single country. Consider Egypt's recent experience.

India explores connectivity to Matarbari port in Bangladesh

India is considering proposals to connect Bangladesh's strategically important Matarbari port to northeastern states, according to people aware of the matter.

Panagariya to lead finance panel; local bodies in focus

16th finance commission to suggest steps needed to augment the states' consolidated fund

Modi terms 2023 a year of special achievements

Describing 2023 as a year of 'special achievements, Prime Minister Narendra Modi on Sunday said the country is replete with self-confidence and the momentum should continue in 2024.

Global travel growth flies past domestic

The growth rate of international traffic at Indian airports has surpassed that of domestic air traffic, as Indians increasingly opt for foreign trips on the back of improved connectivity and relaxed visa norms.

Banks hike FD rates as cash levels plunge

A number of large and mid-sized banks raised term deposit rates in December, luring customers to park surplus money with them as the system liquidity deficit widened following tax outflows and tepid government spending.

'Several Eols for chip, testing units'

A top government body is examining \"a significant number\" of applications to set up semiconductor fabrication units and testing facilities in India, said Rajeev Chandrasekhar, Union minister of state (MOS) for electronics and Information Technology (IT).

E-commerce policy soon, PMO ticking final boxes

The Prime Minister's Office (PMO) is examining the national e-commerce policy to understand its potential impact on domestic retailers and small players, two people aware of the matter said.

Rival bets set the stage for rocky start to 2024

Bullish institutions and bearish retail investors roll over bets to New Year

Christmas footfall fails to spread cheer evenly

A long Christmas weekend may have led to a spike in footfall at malls, retailers, and food outlets, but the festive cheer failed to spread evenly across consumption categories, industry executives said.

Robust tax mop-up limits fiscal deficit to 50% of FY24 goal

The central government’s fiscal deficit stood comfortably at ₹9 trillion in the April to November period, about half of the estimated full-year target, as tax revenue grew in twin digits, and spending and subsidy outgo were broadly in line with estimates.

Print ads down 2% sequentially, 11% y-o-y in Sept qtr

Print advertising volumes fell 2% sequentially, and 11% from a year ago during the July-September period, despite a rise in the number of advertisers to around 58,400.

Incentivizing hybrids will also boost electrified tech: Toyota

The automaker stressed the need for bolstering demand for both HEVs and BEVS

January wasn't kind to investors in 7 of the last 10 years

Investors need to watch out for nasty surprises in January, as markets have generated negative returns in seven out of ten times that month over the past ten years. Moreover, January returns have ranged between a negative 0.06% and 2.5% in five straight years from 2019 to 2023. Recent rollover data, which suggests that traders have carried forward heavy bullish bets at steep levels, adds to the risk.

More fintech NBFCs tap debt mkts for expansion

Fintech startups operating as non-banking financial companies (NBFCs) are increasingly turning to the bond market to secure funds for expansions due to the rising costs of bank borrowing.

Finmin optimistic on India's growth despite global stress

The Indian economy is set to achieve a growth rate of over 6.5%, thanks to a stronger-than-expected performance in July-September (Q2FY24), the finance ministry said on Friday.