CATEGORIES

New cell to track food prices soon

Worried about containing food inflation with the general elections on the horizon, the Centre is planning to create a special cell under the Department of Food and Public Distribution to strengthen price monitoring of essential commodities such as food grains, pulses, wheat, rice, maize and other food items through a thorough analysis.

Hiring Altman Won't End Microsoft's Woes

Microsoft still has a commitment of more than 13 billion to OpenAI

3 ways to improve the ODI cricket World Cup

While a month-long celebration of ODIs is good news for the format, here are three ways to make future World Cups better

Youth and female employment in India are rising for the better

More of our youth are at work even as women increasingly join the workforce in trends that reveal not distress but progress

Why NPS should be part of your retirement portfolio

Should it be mutual funds or the national pension scheme (NPS)? Most investors, particularly salaried individuals, are divided on their opinions. But, financial planners recommend the pension scheme because of the sheer tax advantage it enjoys over mutual funds. Now, with the flexibility to opt for periodic withdrawal of a lump sum at retirement, it bolsters their case even more.

Unhealthy items lift FMCG food revenue

India’s top fast-moving consumer goods (FMCG) companies earn three-quarters of their packaged foods revenue from products that rank poorly on health, a sobering analysis showed.

Primary mkt roars back as 3 of 4 IPOs sold out on Day One

Dalal Street is on fire. Three out of four share sales that opened on Wednesday were oversubscribed on the first day itself, a feat last seen 27 months ago, with high net-worth individuals (HNIs) and small retail investors leading the charge.

Wilmar, others tap Adani for JV stake

Deal likely at $2-2.2 bn; no single buyer may acquire entire stake

Israel-Hamas issue: India says no compromise on terrorism

Calls for addressing concerns of Palestinians, stresses on the two-state solution

Gold hits over 2-week peak amid softer $, Fed minutes in spotlight

Gold prices rose to an over two-week high on Tuesday, as the US dollar dipped on expectations that the Federal Reserve is done with hiking interest rates, while investors awaited minutes from the central bank's latest meeting for further policy cues.

India Set For Strong Growth, Macro-Stability In FY24

Inflation, external factors could pose risks, says finance ministry’s monthly economic review

ATP Finals: How Novak Djokovic kept challengers at bay

It was a case of another day, another record for World No.1 Novak Djokovic at the ATP World Tour Finals

Most investors are safer staying off derivatives

They should heed Sebi chairperson Madhabi Puri Buch's advice and invest money for the long-term. Dallying with futures and options is way too risky and this needed to be flagged

WHY THE CENTRAL BANK HAS INCREASED RISK WEIGHT FOR UNSECURED LOANS

Spooked by the strong growth in unsecured loans to consumers, the Reserve Bank of India (RBI) has increased the cost of funds for banks and non-bank financial companies (NBFCs), by increasing the risk weight of such loans. Currently at 100% risk weight, loans to consumers will see an increase to 125%, excluding loans for housing, education, vehicles and against gold.

BEYOND BROKING: WHAT NEXT FOR GROWW?

The stockbroker has the highest number of active users in India and is profitable. But it wants to do much more

Pankaj Advani wins billiards title again

Indian cueist Pankaj Advani rallied to win the IBSF World Billiards Championship title here on Tuesday for a staggering 26th time, beating compatriot Sourav Kothari in the final.

Israel, Hamas close to reaching deal on truce

Biden says an accord to release some hostages held by Hamas was very near

RIL to invest ₹20k cr over the next 3 yrs in Bengal: Ambani

The investment would be done in the three areas of digital life solutions, retail and bioenergy

India, Tesla near pact on EV import, factory

India is closing in on an agreement with Tesla Inc. that would allow the US automaker to ship its electric cars to the country from next year and set up a factory within two years, according to people familiar with the Indian government’s thinking.

IndiGo, Air India to source parts locally

With flight operations being impacted due to a scarcity of spare parts amid global supply chain challenges, Indian airlines are turning to local suppliers for non-critical aircraft components, industry insiders said.

"Our internal efficiency has now improved significantly'

Online food ordering platform Zomato has a lot to prove after its 2021 public listing. Driving profitability consistently, and ensuring the restaurant community is at ease with its policies, as well as boosting customer acquisition in a country which loves home-cooked food, while ensuring the well-being of its rider ecosystem.

Poor execution, higher debt may take wind out of SAIL's plans

At a time when investing in capacity expansion is seen as a strategy for long-term revenue growth, Steel Authority of India Ltd’s (SAIL) expansion plans appear to have made investors anxious.

Tata Tech IPO: All bright spots?

After nearly two decades, a company from the Tata group stable is gearing up for its stock market debut. This itself is enough to stir excitement. Enter Tata Technologies Ltd, the initial public offering (IPO) of which opens for subscription today. It is entirely an offer for sale issue. The price band is ₹475-500 per share translating into an issue size of ₹3,042 crore at the upper end.

India briefs Australia on Canada spat

External affairs minister S Jaishankar met his Australian opposite number Penny Wong on Tuesday and discussed extremism and India’s diplomatic spat with Canada. The two ministers met in New Delhi as part of the 14th Foreign Ministerial Framework Dialogue.

J&K has business proposals worth ₹86,000 cr

Jammu & Kashmir Lt Governor Manoj Sinha said on Tuesday the union territory's industry department has business proposals worth over ₹86,000 crore and that it is working to implement them.

ONDC aims to hitch a ride on last-mile travel

State-run Open Network for Digital Commerce (ONDC) is attempting to create a network of last-mile service providers to make travel seamless for commuters moving within cities or even between multiple cities. A single window would integrate e-rickshaws, autorickshaws, buses, app-based taxis as well as regular taxis, two officials familiar with the development said.

ED notice to Byju's for ₹9.362 cr breaches

The Enforcement Directorate (ED) on Tuesday said it has issued a show-cause notice to edtech giant Byju's and its founder Byju Raveendran for various violations of the Foreign Exchange Management Act (Fema) totalling ₹9,362.35 crore.

SBI's Jio bank JV stake dips to 23%

State Bank of India's (SBI) shareholding in Jio Payments Bank fell to 23% in FY23 from the 30% that it has maintained since inception, indicating its disinterest in the payments bank business model. The fall below 25% also means SBI will no longer be able to block special resolutions at its seven-year-old joint venture (JV).

Duty-free demand for Indian liquor

Flyers in India might get to buy popular Indian liquor brands such as Indri and Amrut at duty-free shops across the country, if the government agrees to such a request from private airport operators.

TCS to take $125 mn hit

Tata Consultancy Services (TCS) on Tuesday said it would. make a $125 million provision in its third-quarter results in relation to a trade secret lawsuit filed by US-based Epic Systems.