World's biggest junket operator Alvin Chau held, Macau casino stocks sink

The detention Chau marks the first time such a high-profile figure in the gaming industry has been targeted

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Amazon infuses fresh capital of Rs 650 cr in Amazon Wholesale (India)

US-based ecommerce giant Amazon has infused fresh capital to the tune of Rs 650 crore into one of its India units, Amazon Wholesale (India), according to regulatory documents. Amazon Corporate Holdings Private Limited and Amazon.com.incs Limited have made the Rs 650 crore investment in the wholesale B2B arm of Amazon India, documents filed with the corporate affairs ministry and shared by market intelligence firm Tofler showed. The date of allotment was October 26, 2021, it added. Amazon India did not respond to emailed queries. According to the documents, a significant share of the funds (over Rs 649.94 crore) came from Amazon Corporate Holdings Pvt Ltd. The fresh funds will provide more arsenal to Amazon in India to bolster its wholesale B2B business in India. Amazon has been aggressively investing across various business units in India. These investments have been deployed towards expanding infrastructure and adding solutions to enhance consumer and seller experience. In Oct

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Shapoorji Pallonji's Joyville to invest Rs 300 cr to build 750 apartments

On operational performance, Mahadevan said the company has clocked a nearly three-fold jump in its sales booking at Rs 450 crore during the first half of this fiscal year.

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Covid-19 pandemic: WHO hits panic button as Omicron reaches 13 nations

The omicron variant, first sequenced in South Africa, has been identified in at least 12 other countries

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A forgotten army

A Foreword by Yasmin Khan, author of the excellent The Raj at War, notes that this book is in the "vanguard of shaping new histories of the Second World War"

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Bharat Biotech resumes Covaxin export with 'long-pending orders' in Nov

The Centre allowed commercial exports of Covaxin last week

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The tale of two airlines

The pandemic may have willy-nilly created an opportunity to correct the anomalies of the past

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Crypto-assets: To ban or not to ban?

Financial regulation is about striking the right balance between enabling innovation and ensuring customer protection

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Hindujas top rich British Asians' list, wealth rises £2.5 billion

No Covid-induced gloom as British-Asian businesses record over 20% rise in combined wealth in 2021

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Hope for Hindalco, Nalco investors as aluminium demand may outstrip supply

Though volatile, most analysts don't expect prices to decline further

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Reducing poverty

Real test of success lies in sustainability

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Perverse incentives

Genomic surveillance vital for global public health

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Vibrant Gujarat Global Summit: 12 MoUs worth over Rs 14,000 crore signed

With proposed employment generation of over 28,000 in the state, the MoUs were led by Mitsu Private Ltd for Rs 5,000 crore

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Parliament takes 12 mins to repeal farm laws; Tomar hails PM's generosity

The farmers leading the protest, however, said they would keep up the pressure on their other demands, including a legal guarantee for the Minimum Support Price (MSP) for agri-commodities

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Most households paying 50% more for tomatoes, shows survey

The average retail price paid by most households increased by 25 per cent in two months and 50 per cent in a year

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Twitter CTO Parag Agrawal, an IIT Bombay alumnus, replaces Dorsey as CEO

In a letter posted on his Twitter account, Dorsey said he was 'really sad...yet really happy' about leaving the company and that it was his decision

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CAG pulls up govt for erroneous process of IGST devolution to states

The Integrated Goods and Services Tax (IGST) is shared between the Centre and states in the 50:50 ratio

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Fitch affirms ICICI Bank's issuer default rating at 'BB+'; outlook negative

The rating agency assigned ICICI Bank a Government Support Rating (GSR) of 'bb+' as well

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E-two wheeler boom: Existing ones ramp up, more starts-ups get set to enter

Most manufacturers have seen the demand far outstrip the supplies prompting them to undertake expansion sooner than they had planned

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SC gives two more weeks to CCI to decide complaint on Amazon-Future deal

Three-judge bench gives direction in Amazon's SLP against Delhi High Court order directing CCI to take a decision on show cause notice issued by it to Amazon in 10 days

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Make it safe or we'll make you do it: Australian PM tells Twitter, Meta

If the social media platforms fail to do so, they will have to pay defamation costs

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Constructive dissonance essential for better neeti

Aberrant judgements occur often in institutions where constructive dissonance is absent

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China faces 'colossal outbreak' on US-style reopening, says study

A switch from China's current Covid elimination strategy to an American-style approach with few restrictions would lead to as many as 637,155 infections a day

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How to regulate cryptocurrencies

A systematic approach to designing the correct regulatory strategy

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US readies fight against Omicron but too soon for lockdowns: Fauci

He said the new variant is in "fluid motion" in South Africa and the US scientists are in communication with their colleagues

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Omicron's threat

New variant should shake up Indian vaccine complacency

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New vax for Omicron by early 2022, says Moderna as countries report cases

Two cases were detected in Australia, while Netherlands reported 13 cases of the new strain in passengers from South Africa

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Stable banking

Mixing financial and industrial power should be avoided

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Art world sees demand for sculptures firming up

Public monuments, private collections pique collector interest

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With Farm Laws Repeal Bill & crypto on agenda, winter session begins today

There are 10 economic Bills that are slated for the upcoming session

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Story in numbers: Riot cases in UP fell faster than national average

A total of 657,000 crimes were committed in the state in 2020.

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Three capitals of Andhra Pradesh: The plan on pause, not scrapped

All began with the division of Andhra Pradesh and Hyderabad becoming the capital of Telangana

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M-cap of nine of top 10 most valued firms erodes by over Rs 2.6 trillion

The valuation of Infosys took a hit of Rs 37,950.03 crore to reach Rs 7.11 trillion and that of HDFC plummeted by Rs 33,067.68 crore to Rs 4.96 trillion

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India slips to seventh place on world m-cap ranking, shows data

The benchmark Sensex is currently down 7.54 points, or 4,658 points from its record high of 61,766 on October 18

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Street signs: New demat accounts rise, F&O stock list swells, and more

Market watchers say it will be interesting to see if the pace of addition continues if the market continues to remain volatile

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Brokerages are betting on pharma stocks with India focus: Analysts

While domestic growth is pegged at double digits, recovery in the US may take a couple of quarters

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Holiday season returns: India to witness travel surge, says report

The survey was conducted between 15 and 21 October 2021

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Mass transport, automated for people

Cities and urban local bodies across the world are looking for efficient mass transit systems that can run constantly with minimum human intervention

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The Petrov moment in a client's life

A sketch by Carl Richards illustrates that the advisor stands between the client and her big mistake

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An open letter to PM Modi

Dear Prime Minister, your government has brought in transparency in the appointment process of CEOs; capitalised the banks; cleaned their books; and consolidated a few of them to create scale

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FM Sitharaman bats for expanding tax net, ramping up collections

Revenue secy says I-T portal working fine, 300,000 returns being filed daily

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RBI stance signals easier framework for setting up banks, say experts

The RBI is yet to clearly spell out its position on conversion of non-banking finance companies into banks

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A road to nowhere?

This well-researched book on the Sino-Indian boundary dispute nevertheless makes some debatable contentions about the past and future of this conflict

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France cancels talks with UK as migrant row tests fragile ties

Macron told Britain on Friday it needed to "get serious"

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Amazon's Black Friday greeted by climate activists, strikes in Europe

Amazon is facing criticism from climate activists who say excessive consumption harms the environment

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Staying the course: Meet Gurpratap S Boparai, MD, Skoda Auto VW India

As he steers his company through a tricky market and works for road safety, Boparai shares his life's journey with Pavan Lall

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Tesla decides against state aid for German plant as Musk opposes subsidies

Withdraws plea for state aid in Germany

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Paytm wild ride continues as stock sinks again ahead of earnings

Paytm said its gross merchandise value climbed 131% on-year to 832 billion rupees in October in the critical period ahead of the Diwali holiday

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China steps up pressure on tech with draft online advertising rules

The proposed rules call on platform operators to establish a system for registering and reviewing advertisers and adverts

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China presses Didi Global to delist from US over data security fears

Cyberspace Administration of China (CAC) has asked the management to take the company off the US bourse

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Is Indian advertising ready for metaverse?

Every brand and company in India too will soon need a metaverse strategy

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Oil prices hit 2-month low over new Covid-19 variant; cryptocurrencies tank

Oil fell with global equities markets on fears the variant could dampen economic growth

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Moderate valuation, high dividends should provide floor to Coal India stock

Global slowdown leading to lower prices, fall in e-auction volumes and higher-than-expected wages are downside risks

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Offtake in Metropolitan region lifts credit growth in H1FY22: RBI

YoY credit growth of the Metropolitan region, which accounts for over 60% of bank credit, rose from 1.7% this March to 4.6% in September

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Russian President to visit India on Dec 6 for annual summit with PM Modi

The Modi-Putin summit is expected to produce specific outcomes in further expanding ties in areas of defence, trade and energy

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Children of the earth

Conceptualised by Avid Learning, and published by HarperCollins India, this book is based on Priya Thuvassery's 53-minute film Coral Woman (2019)

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New Covid variant triggers alert: World prepares to go into shell, again

UK, EU apply travel restrictions ; don't be hasty, says WHO

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Tanwar in Trinamool. But why?

Mr Tanwar and the TMC's entry in Haryana politics might make a dent in the non-Jat coalition

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Biden's wise Fed choice

By choosing continuity, Mr Biden accomplished several things at once

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Kumar Mangalam Birla predicts 'Decade of Capex Mahotsav' for India

Hails a few unicorns in start-up space but says he see 'bubbles in some places'; rues loss of Hindustan Zinc

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6% rally in Reliance Industries stock powers gains for Sensex and Nifty

Shares of Reliance Industries Limited were in heavy demand on Thursday as it jumped over 6 per cent, helping market benchmarks close with huge gains. The market heavyweight stock jumped 6.10 per cent to close at Rs 2,494.40 on BSE. During the day, it zoomed 6.46 per cent to Rs 2,502.80. On NSE, it gained 6.36 per cent to close at Rs 2,501. It was the biggest gainer on both the benchmark indices. In volume terms, 4.77 lakh shares were traded on BSE and over 1.95 crore on NSE. The BSE 30-share benchmark index jumped 454.10 points or 0.78 per cent to close at 58,795.09, helped by rally in Reliance Industries shares.

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Reliance Industries recasts Jamnagar unit to grow in hydrogen space

The refinery off-gases produced from this project earlier served as fuel

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Zydus Cadila likely to launch Covid-19 vaccine ZyCoV-D next month

Meanwhile, Zydus is working with a Korean partner to commercialise ZyCoV-D in South Korea in 2022

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Sputnik Light Covid-19 vaccine to be launched in India by December

Russian Direct Investment Fund has Serum Institute as its production partner in India

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A robot didn't write this review

The book has a remarkable chapter on current technology platforms and how they influence our lives today and will do so in the future

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Noida International Airport: Uttar Pradesh's crown jewel set to take off

Zurich Airport is investing Rs 5,700 cr in Phase I. It has tied up Rs 3,725 crore in debt from State Bank of India

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The grim calculus behind Afghan tragedy

As winter approaches, the suffering of the people of Afghanistan will worsen

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Don't have illusions over Taiwan, China's Defence Ministry tells US

China says the issue of Taiwan is the most sensitive in its ties with the US

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Return of Mao-era coal coupons show China's crisis isn't over

The coupons are coming after a shortage of the fuel drove up prices and led to widespread power curbs last month

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EU proposes 9-month limit on vaccine validity for travel January 10 onwards

The European Commission is proposing that member states should continue welcoming all travelers inoculated with shots approved by the bloc

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Economic heft and foreign policy posturing

India's foreign policy options are circumscribed by its relatively inadequate economic size and technological capabilities

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New Covid variant in S Africa has 10 mutations; 8 more than Delta

Scientists said that the new variant has at least 10 mutations, compared to two for Delta or three for Beta.

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Govt to unveil extensive economic data related to health on Monday

NFHS-5 also reveals that birth registration of children under 5 has increased from 79.7 to 89 per cent.

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Samsung heirs commit $13-billion shares to buy time for tax bill

Most of the Samsung stock is parked with a court as collateral for the inheritance tax levy of more than 12 trillion won ($10.1 billion)

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Not-so-young future as India's fertility rate dips, shows data

Infant mortality and under-five mortality has reduced from 40.7 to 35.2 and 49.7 to 41.9

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Time for caution

Higher valuations will not support a sustained rally

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Opec weighs policy shift after US-led crude release pledge

Saudi Arabia, Russia consider pausing planned output hikes

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India now has more women than men but sex ratio at birth still low

NFHS 2019-2021 indicates that India has made significant strides in the last five years - in 2015-16, the sex ratio was just 991

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India's health check

NFHS points to new demographic challenges

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Kurien, the maverick

On his birth centenary, remembering the legacy of the man behind the White Revolution

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Olaf Scholz set to succeed Angela Merkel as German chancellor

Scholz's center-left Social Democrats said they will present their agreement with the Greens and the pro-business Free Democrats on Wednesday

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Economists write to PM seeking higher fund allocation for MGNREGA

The econo­mists who sent this letter included Jean Dreze, Prabhat Pattnaik, Mahendra Dev, Pronab Sen and Himanshu, among others

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SBI, Axis, Canara likely to raise Rs 7,500 crore via AT I bonds before 2022

The country's largest lender, SBI, is looking at raising an additional Rs 4,000 crore, Axis Bank Rs 2,000 crore and Canara Bank Rs 1,500 crore

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PVR expects full recovery in March quarter; slew of movies set to release

The film exhibition major is currently experimenting with gaming and received a good response

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Nasa launches asteroid-deflecting spacecraft on SpaceX Falcon 9 rocket

Move will test technique that one day might avert an apocalyptic collision with Earth

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A long march to impoverishment

The story of the long walk home is the subject of Homebound, a book that addresses the pain and devastation caused by the lockdowns

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What $650 billion can buy

India's stock of external commercial borrowing, for instance, is in excess of $200 billion

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Central Vista: 6 firms submit technical bids to construct Executive Enclave

Six infrastructure firms, including Tata Projects Limited and L&T Limited, have submitted technical bids for the construction of an executive enclave that will house the prime minister's office (PMO), Cabinet secretariat, India House and National Security Council Secretariat, a CPWD official said on Wednesday. The other four firms are Shapoorji Pallonji and Company Limited, NCC Limited, PSP Projects Limited and Ahluwalia Contracts India Limited. The official said the documents submitted by these six construction firms are being checked for their qualification to participate in the financial bids. According to the CPWD's bid document, the project, which is being executed under the Narendra Modi government's ambitious Central Vista redevelopment plan, will be completed within 24 months at an estimated cost of Rs 1,171 crore. The Central Public Works Department (CPWD), which comes under the Union Housing and Urban Affairs Ministry, said the Executive Enclave will come up on the south

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What India doesn't get about free speech

In calling for Vir Das and Kangana Ranaut's arrest, Indians are repeating the blunder of choosing knee-jerk responses over matters of principle

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Reinvigorating Yamuna

Continuing with the existing approach will not help

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UK's nationality Bill puts citizenship of Indian origin Britons at risk

Nationality and Borders Bill absolves a government from the need to give 'notice of decision to deprive a person of citizenship'

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A healthy hike

Telcos should now focus on quality of service

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Acer India, Dixon Tech partner to manufacture 500,000 laptops annually

Taiwanese IT hardware firm Acer has roped in domestic electronic manufacturing services firm Dixon Technologies for making its laptops in India, both companies said in a joint statement on Wednesday. The facility will have a capacity to manufacture up to 5 lakh Acer laptops annually. "Acer India, the leading PC brand, and Dixon Technologies have partnered for the manufacturing of laptops at Dixon's state-of-the-art manufacturing facility situated in Noida," the joint statement said. The manufacturing unit was inaugurated by Ministry of Electronics and Information Technology joint secretary Saurabh Gaur in the presence of Dixon Technologies Executive Chairman Sunil Vachani, Acer India President & Managing Director Harish Kohli, Acer India Chief Business Officer Sudhir Goel. "This will give a strong impetus to India's manufacturing competitiveness and leverage the Production-Linked Incentive (PLI) by the Government of India. The factory will have capacity to produce upto 5,00,000 ...

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Normal international flights by year-end, says Civil Aviation Secretary

Restart of scheduled international commercial passenger flights would increase travel options for passengers and foster lower fares

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Sebi lays down operating norms for silver exchange traded funds

The move will make it convenient for investors to have an exposure to such commodity in a transparent manner

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Sahakar Bharati may seek tweaks in PMC Bank's draft merger scheme

Five-year interest holiday and final settlement at end of 10 years unfair to depositors

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New Wage Rate Index series released; base year revised to 2016 from 1963-65

Ministry of Labour on Wednesday released a new series of Wage Rate Index (WRI) with base year 2016, being compiled and maintained by the Labour Bureau, an attached office of the ministry. The new series of WRI with base 2016=100 will replace the old series with base 1963-65, a labour ministry statement said. The government periodically revises the base year for major economic indicators to reflect the changes in the economy and to capture the wage pattern of workers, it said. Thus, as per the recommendations of International Labour Organization, National Statistical Commission etc, the base year of WRI numbers has been revised from 1963-65 to 2016 by the Labour Bureau to enhance the coverage and to make index more representative. The new series of WRI has increased the scope and coverage in terms of number of industries, sample size, occupations under selected industries, weightage of industries etc. Professor S P Mukherjee and other members of the expert group on Minimum Wages &

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CoinSwitch Kuber CEO says crypto ban unlikely as $6-bn assets held in India

Says regulation could happen in phases. Crypto could first classified as an asset, then taxed, and then brought under an appropriate regulatory authority

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Tighter rules likely for social media firms, may supersede IT laws: Experts

Players stand to lose safe harbour provisions that protect them from third party content; platforms that do not act as intermediaries may be treated as publishers, held accountable for hosted content

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India's crude oil import bill set to breach FY21 tally, say experts

Import bill likely to be a three-year high

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Shimla, Coimbatore, Chandigarh top Niti Aayog's first SDG Urban India Index

The statement said the index highlights the strengths and gaps of ULB-level data, monitoring, and reporting systems

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Pak's central bank chief warns of taper tantrum-style shock to Ems

Reza Baqir urges advanced economies to act to stem rising global inflation

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Bill to ban private cryptocurrencies to come up in Winter Session

The cryptocurrency bill is listed at a time when the level of interest in the subject is very high

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Amazon, Apple slapped $225-mn fine in Italy for alleged collusion

The companies were also ordered to end the restrictions and give resellers access in a "non-discriminatory manner"

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Israel sees Iranian atomic bomb in five years, deal or no deal

Indirect negotiations to revive the 2015 accord are due to resume in Vienna next Monday

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Greaves Electric Mobility launches its largest EV plant in Tamil Nadu

The Chief Minister along with his cabinet colleague Industries Minister Thangam Thennarasu through virtual platform inaugurated the facility located in Ranipet

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Lira falls 15% to historic low as President Erdogan defends rate cut

The currency fell 15 per cent on Tuesday, plunging past 13 per dollar for the first time ever

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YES EGM plea doesn't meet statutory requirement: Dish TV to NCLT

Dish TV has also claimed that it "is unaware of the details of the investigation" and appears from the notice that it relates to an FIR registered in the year 2020

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Bollywood's Muslim stereotypes

Bollywood is an important contributor to the image of Muslims but it is not the only contributor. The Muslims themselves are important, too

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Moody's revises Airtel ratings outlook to 'positive' from 'stable'

It expects around 25 per cent year-on-year rise in consolidated adjusted EBITDA in FY22

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What India should strive for in trade deals

A trade agreement is like a game of chess

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An inflexion point

The repeal of farm laws provides pointers to a new political paradigm in India

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Sustainable agriculture

Technology must be used with traditional knowledge

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Rise in Vedanta stock may be temporary unless commodity prices rebound

Promoter's stake buy positive, but prices of aluminium, copper, steel, natural gas, crude oil, etc are all down in the past month

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Steady leadership

Jerome Powell's second term will be more challenging

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Visa Inc's Amazon blues will shape the digital cash debate

E-commerce and social media giants could use this cash flowing into their tokens to offer credit to merchants, with repayments deducted on every sale at zero collection cost

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GoM to meet on Nov 27 to finalise report on GST rate rationalisation

Sources said the Fitment committee, comprising tax officers from states and the centre, has made many "sweeping" recommendations

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India, US to work on ways to export mangoes, pomegranates to America

The countries are also looking forward to signing a system for the export of pomegranate arils from India to the US

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Interest rate cycle is turning, experts foresee gradual rise in loan costs

10-year bond yield may touch 6.5% soon, guided by orderly evolution motif of RBI

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Singapore Airlines offers up to 50% off on India flights starting Nov 29

Will run daily vaccinated travel lane flights to Chennai, Delhi and Mumbai, with quarantine-free entry to Singapore; Non-VTL services from a few other cities from November 29.

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US President Joe Biden keeps Jerome Powell to lead Fed for second term

The move, announced by the White House on Monday, rewards Powell for helping rescue the US economy from the pandemic

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Bears on prowl: Indices retreat most in 7 months, RIL falls over 4%

Reliance's decline, rollback of farm laws weigh on investor sentiment

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India's Q2 GDP likely to grow 8.1%, says SBI research report

FY22 projection raised to 9.3-9.6% range

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Manufacturing jobs yet to recover

Wages have grown at a faster rate in the non-finance services sector compa­red to manufacturing

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The taxing charter

Mukesh Butani, founder and managing partner at BMR Legal Advocates, needs no introduction in the world of direct tax

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Digital transactions up 52% in festival season, says report

PayU registered a record high of 8 million transactions on a single day on October 3

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Getting the green strategy right

India is now among the countries committed to net-zero emissions by 2070

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Climate justice must drive climate action

Big emitters must reconsider their stated net-zero date and specify a credible action plan

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Navy needs planning

Building warships requires long lead times

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Better co-ordination

US partnership needs a greater understanding of trade-offs

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Farm laws: SC panel member to take call on report after legal consultations

The panel, after studying the three farm laws and consultation with stakeholders, had submitted its report to the apex court on March 19

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Will intensify protest if talks not held urgently, says Rakesh Tikait

Tikait said the Union government was conspiring to divide the farmers on communal and community lines to weaken their unity

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Ahead of Parliament session, govt calls all-party meet on Sunday

The floor leaders of all the political parties from both houses of Parliament have been invited to the meeting

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Govt targets 'left-out' people in fresh Covid-19 vaccination push

Mansukh Mandaviya held a review meeting on vaccination progress with Manipur, Meghalaya, Nagaland and Puducherry on Monday

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DLF rental arm raises Rs 1,000 crore through debentures

The NCDs will be listed on the Wholesale Debt Market of BSE

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With Rs 7,000 cr stuck, over 20k PMC Bank depositors play waiting game

The amount stuck is Rs 7,126 crore, which is 60 per cent of the total Rs 11,800-crore in deposits

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Global bull-run in fossil fuels may be peaking out for now, glut seen ahead

Prospects of lower global economic growth amid fresh Covid wave and reduction in bond buying by US Fed weighing on sentiment

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India, US set to revive Trade Policy Forum after four years

US Trade Representative says priority is to iron out market-access restrictions

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Coal mines auction: Govt devises plans to seek interests of pvt sector

The government has laid down a plan to auction coal blocks which will also be a major boost for increasing the revenue streams for the mine bearing states

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Covid-19 jab exports set to rise; Serum Institute leads the pack

Indonesia to get 5 mn Covovax doses, exports to COVAX to rise to 30 mn by Jan

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BS columnist Tamal Bandopadhyay wins Tata Literature Live! Award

Bandopadhyay won the award for his book Pandemonium: The Great Indian Banking Tragedy

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China downgrades ties with Lithuania over Taiwan office

Lithuania is "walking back on political promises" made in a communique for establishing diplomatic links with China, the Chinese Foreign Ministry said

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El Salvador plans to build world's first Bitcoin City: Nayib Bukele

Also to issue sovereign Bitcoin bonds

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Hopes from India's free trade deals need not be high

Globally, there are over 350 Preferential Trade Agreem­e­n­ts (PTAs) or Free Trade Agre­e­ments (FTAs) or Regional Trade Agreements (RTAs). Most of them are defunct

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USTR Katherine Tai India visit: Trade policy forum, Indo-Pacific on agenda

With the Biden administration now insisting on resolving irritants first, rather than going for a mini deal, the focus on Trade Policy Forum has again emerged.

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Abu Dhabi's ADNOC weighs IPO of logistics and services unit next year

A deal could follow after testing investor appetite and market conditions, sources said

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Saudi stock exchange seeks to raise up to $1 billion via initial offering

The Riyadh-based bourse, on which oil giant Saudi Aramco trades, plans to sell a 30 per cent stake, or 36 million shares

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With new model, Ferrari honours the brand's 1960s race cars

Daytona SP3 debuted Saturday at Mugello Circuit

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Repeal of farm laws: At Singhu border, protesters recall a year gone by

Say won't turn back till farm laws are repealed in Parliament, MSP is guaranteed and cases withdrawn

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China-Taiwan tensions shouldn't concern investors: Cathay Site's Andy Chang

Chang explains why Indian investors should consider investing in the Taiwanese market

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Insurer can't alter loss assessed by surveyor

The National Commission concluded a surveyor's report must be given due importance unless there are valid reasons for disagreeing with it

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Is the worst behind Indian banks?

Bankers are seeing better days ahead with expectations of a pickup in credit growth in the next few quarters as corporate India readies to invest. Let's wait and watch

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Explained: How Sensex rebalancing impacts stocks

The quantum of buying and selling that is required on account of any index rebalancing also needs to be looked at from the prism of daily volumes in the counter

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FPIs heavy buyers in primary market in November, shows data

FPIs have actually offloaded stocks worth over Rs9,000 crore in the secondary market in November

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Why India needs to adopt crypto

A progressive regulatory framework will create a prosperous crypto ecosystem and expand financial inclusion in the country in a secure, simple, and transparent manner

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A Pyrrhic victory for protesters

PM's retreat on farm laws conceals what is actually going on

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History repeats in Paytm IPO flop

We don't know whether Paytm will mark the top of the current bull market but it certainly does embody all the elements that mark excess, writes Debashis Basu

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Street signs: Arbitrage opportunity in Escorts, IRCTC stock jumps & more

Kubota will soon launch an open offer in tractor manufacturer Escorts to acquire 26 per cent stake at Rs 2,000 per share

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The risk factor

New-age tech firms are inherently more risky

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Future of farms

Govt must keep pushing farm reforms

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Demand rise and market share gain boost Pidilite's growth

The company posted a 40 per cent YoY growth in revenues at Rs2,626 crore

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Farm laws: A Bill to repeal is a must, say former Union Law Secretary

Prime Minister Narendra Modi said that the constitutional process required to do so will be completed in the Winter session

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IBM bets big on India, logs in to small towns for R&D build-up

IBM eager to help India develop the workforce it needs for the digital revolution

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US House passes Joe Biden's $1.75 trillion social spending Bill

The House passed the measure in a 220-213 vote

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Centre mulls tweaking law in Budget to tax cryptocurrency gains

People are already paying capital gains on income from cryptocurrencies, and the GST law provides for taxing such transactions as 'services', Revenue Secretary Tarun Bajaj told PTI

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The Amazon lobbyists who kill US consumer privacy protections

Amazon executives and staffers detail these lobbying victories in confidential documents

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ECB should not react to current inflation spike, says Christine Lagarde

Inflation in the euro zone hit 4.1 per cent in October, pushed up by higher energy costs, and is expected to stay above the ECB's 2 per cent target next year

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The Big repeal: How the movement against three agriculture reforms unfolded

A 21-year-old climbing the flag pole and hoisting Nishan Sahib at Red Fort became the defining image of the protest.

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Covid-19 pandemic: Austria imposes full lockdown, Germany to follow

A fourth wave of infections has plunged Germany, Europe's largest economy, into a national emergency, Health Minister Jens Spahn said

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Without innovation Indian pharma cannot touch $130 bn by 2030: Industry

Sun Pharma says it eyes $1.5 bn from innovative products in 3-4 years

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Cognizant expects constant currency revenue growth of 8%-11% in 2022-24

Cognizant has said it expects its revenue to grow 8-11% in annual constant currency terms during 2022-24

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Repeal of farm laws: Political parties rearrange chess pieces in UP, Punjab

Farm laws' repeal reopens the door for BJP in Western UP

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FDA authorises Pfizer, Moderna Covid-19 vaccine boosters for US adults

The regulator's decision paves the way for millions of Americans to get additional protection

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Forced evolution

Humans are not only driving extinction but also speciation

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Japan Cabinet OKs record stimulus package to fix economy

Japan's Cabinet approved on Friday a record 56 trillion yen ($490 billion) stimulus package, including cash handouts and aid to ailing businesses, to help the economy.

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Choksi moves Bombay HC seeking to keep in abeyance fugitive proceedings

Mehul Choksi has moved the Bombay High Court seeking that the proceedings initiated against him by ED, which has sought that he be declared a fugitive economic offender, be kept in abeyance.

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HFCs report 7.4% rise in Q2 net profit; net operating income up by 15.1%

Sequentially, 10 listed HFCs booked a 26.1 per cent growth in net profit over Rs 3,975 crore in June 2021 (Q1 of FY22)

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The seeds of a bleak future

This episode of legislating bad laws and rolling back, means those issues will not be addressed for fear of sparking another agitation, writes Devangshu Datta

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Jyotiraditya Scindia urges states, UTs to cut tax on jet fuel

Scindia has been urging states and UTs to reduce Value Added Tax (VAT) on Aviation Turbine Fuel (ATF)

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For CoinSwitch Kuber's Ashish Singhal, simplicity is the mantra for success

Singhal, whose company became a unicorn last month, is determined to reach out to sceptics who have FUD - crypto slag for fear, uncertainty and doubt, writes Ritwik Sharma

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A culinary tour de force

A history of Calcutta through its food recreates the city's rich multicultural heritage

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Airbus smashes orders at Dubai airshow, Boeing trails

Airbus SE bagged 265 firm orders at the Middle East event

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Rupert Murdoch takes another swing at Google and Facebook, seeks reforms

Murdoch for years has criticised Google for taking the publisher's news articles without compensation and Facebook with failing to adequately reward publishers

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My fiduciary obligation to ensure Escorts is fully institutionalised: CMD

In a Q&A, Nikhil Nanda dwells at length on the deal with Japanese agri-machinery major Kubota and the value it will create for the stakeholder of his company

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Mask-wearing cuts coronavirus cases by 53%, says global study

The findings come amid evidence that vaccination efforts weren't enough to prevent a resurgence

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RBI working group warns on digital lending by big tech players

The working group has recommended the formation of a nodal agency & SRO for digital lending apps

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AstraZeneca Covid drug cocktail gives 83% protection over 6 months: Study

The treatment is given in one go, as two sequential shots in the arm

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Regulations needed to safeguard patient privacy, personal data: CCI

It said online pharmacies should adopt self-regulatory measures in the areas of collection, use, sharing of data and privacy

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Health regulatory agencies likely to come under DCGI ambit

Single-window system to take care of regulatory need for drugs, vaccines

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Time to harvest the tailwind in exports

The current high tide in global trade offers an opportunity for India to get its exports strategy in order before growth dips again

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Renovated Rezang La memorial honours 1962 war heroes

These heroes were applauded in the British parliament and all 21 awarded the Indian Order of Merit, the highest gallantry award that an Indian soldier could then receive

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Immersion in the Tata 'black box'

Book review of Tata: The Global Corporation That Built Indian Capitalism

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No solution yet

Lack of leadership causes NCR's annual air crisis

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Strengthening financial sector

Governance in the banking system needs to be improved

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Go Fashion IPO subscribed 6.87 times on second day of subscription

The Rs 1,013.6-crore IPO received bids for 5,55,12,051 shares against 80,79,491 shares on offer

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Govt to set up working groups to prepare action plan: Bank officials

Finance ministry is likely to constitute working groups which will define action plans that will be aimed at providing seamless credit flow to various sectors, bank executives said

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In the land of myths and legends

The majesty of the Himalayas evoke a strange mix of contrary emotions

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EU opens door to giving aid for semiconductor production

The EU's executive arm expects that the scarcity of semiconductors will affect the region's economy

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PM Narendra Modi urges nations to ensure crypto doesn't spoil youth

Modi also said the democracies must invest together in the research and development of future technology

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Hard to decipher one-day market movements: Paytm Group CFO and President

In a Q&A, Madhur Deora says the company needs to communicate better and shares his key learnings

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Paytm shocking debut deals a reality check to small investors flocking IPOs

Paytm's 27% drop is the worst Day-1 performance among 50-odd IPOs listed this year

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Meta's counter to hate speech: Ten fact checkers in 11 languages

Meta also has people reviewing potentially problematic content in 20 Indian languages

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In a first, Apple to sell spare parts for iPhones, Mac computers

The self-service repair program comes after years of pressure from consumer groups

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1.75 million received Rs 76,012 crore loans during festival period

Banks say efforts now to expand credit to ensure economic revival is durable

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Big technology platforms like Google no threat to banks, say experts

Google has a customer interface feature and the Unified Payments Interface (UPI) is a feature for mobile to mobile payment

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The mental dynamic

Ms Singh's book makes it clear that India's Mental Healthcare Act, 2017, builds on a long legacy of efforts to advocate for rights-based institutional care

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Cloud over conglomerates

A related problem in conglomerates is a complex web of crossholdings of shares among subsidiary and associate companies

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Sensex, Nifty fall for second day on profit taking in RIL, HDFC twins

Reliance Industries declined by 1.91 per cent, Kotak Bank by 1.51 per cent, Bharti Airtel by 1.39 per cent and Titan by 1.2 per cent

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What Biden-Xi summit presages for the future

A more nuanced relationship between the world's two largest powers may diminish the value of India's ties with the US

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Evidence suggests FB is not a prime driver of polarisation: Monika Bickert

Our proactive detection rate for hate speech in India is close to 97%, says Monika Bickert, head of global policy management, Meta

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India needs to double capex in medium term to fund infra: DEA Secy

India needs to double the capital expenditure in the medium term from about 5-6% of the GDP currently to fund infrastructure, DEA Secretary Ajay Seth said

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Lessons in the pandemic

Addressing school learning losses should be a priority

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Primary protection

Sebi proposes tighter rules for IPOs

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Dairy's unlikely new champion is a centuries-old Indian cheese

Unlike many faux-meat options, however, paneer is clean-label, meaning it's made with minimal ingredients

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Metals & mining companies report record earnings in H1 of FY22

Net profit rises to Rs 82,500 crore; accounts for 20% of India Inc's combined net profit

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Charaiveti: An academic's journey-8

Looking back, my early interest in politics might have something to do with one of my maternal uncles who was a political prisoner of the British

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From crypto to Christie's: How an Indian metaverse king made his fortune

The purchase shook the art and crypto worlds

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Domestic airlines look to revive zero bag fares in order to grow traffic

In India, airlines are required to provide 15 kg of check-in bags free

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Economists urge gradual consolidation, see fiscal deficit near 6% in FY23

They believe focus on reviving informal sector activity, particularly construction, is key to reviving GDP and jobs

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FM urges India Inc to take risks, boost capacities to create more jobs

Sitharaman said PM Modi has asked all ministers to identify compliance burdens for the industry in their respective ministries and departments, and simplify them

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Vedanta mulls value-unlocking through separate listing of businesses

The board has also appointed various advisors to assist in evaluating the options, said the filing

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PM Narendra Modi inaugurates expressway, clubs prosperity with security

The Purvanchal Expressway will strengthen the IAF and allow for the emergency landing of our fighter jets, said PM Modi

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No more CAG vs govt; data will dictate history, says PM Narendra Modi

Modi said the NPAs of the banking sector had continued to rise because of wrong practices and lack of transparency followed by the earlier regime

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Banks' strategies, business models under RBI lens: Shaktikanta Das

Boards' role in challenging management proposal critical: Das

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JPMorgan sues Tesla over warrants, Elon Musk's 2018 tweets

JPMorgan claims the Aug 7, 2018 tweet amounted to a significant corporate transaction that allowed it to adjust the strike price

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China warns on cryptocurrency mining, Bitcoin slips over 8%

Global crypto market cap has dropped some 10 % in the past 24 hours, according to CoinGecko.

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Eye on export markets, Tejas debuts in Dubai

Malaysia, Argentina, Egypt - the three countries that have evinced interest in the Indian light fighter

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Joe Biden raises human rights, Xi Jinping warns of Taiwan 'red line'

They discussed North Korea, Afghanistan, Iran, global energy markets, trade and competition, climate, military issues, the pandemic and other areas

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Pfizer to allow generic versions of its Covid-19 pill in 95 countries

The voluntary licensing agreement between Pfizer and the MPP will allow the United Nations-backed group to grant sub-licenses to qualified generic drug manufacturers

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Fitch refuses to do a Moody's, retains India's outlook at negative

Also retains ratings at the lowest investment grade

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Sebi proposes stricter IPO norms as startups listings gather pace

The proposals come amid a record Rs 1-trillion-plus mop-up through IPOs this year, the bulk of which came from new-age and loss-making companies

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India's moveable feasts

Ms Ved explores the world of food through the Indian cultural leader Rabindranath Tagore

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Green hydrogen makes a debut

Rapidly bringing down green hydrogen costs is clearly a laudable national goal and worthy of government support

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A glass all empty

On both economic and social fronts, Indians today are worse off than before

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India Inc to press the pedal on fresh investments with PLI, say experts

CEOs say worst is behind and they're re-evaluating plans as capacity utilisation is increasing

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The low road

Uttarakhand's ecological balance must be protected

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Unnecessary intervention

No tax benefit needed for retail bond investors

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Myntra forays into luxury segment, unveils Myntra Luxe on its app

This is another step for the firm towards strengthening its position as one of the leading fashion, beauty, and lifestyle brands in the country

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Amazon-Future row: Delhi High Court gives CCI two weeks to decide

CAIT said the antitrust body should not delay decision on the matter

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Delhi air quality in severe category, again; states meet to check pollution

The Supreme Court, which had instructed the Commission For Air Quality Management to hold the joint meeting regarding the pollution levels in Delhi, will hear the matter on Wednesday

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After pumping in $9 bn, FPIs in retreat mode on valuation concerns

Since October, overseas investors have yanked out close to $2.6 bn

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May consider converting interest dues to equity: Voda Idea CFO Moondra

The company is also in talks with banks and investors for raising funds, an official said

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Parliamentary Panel meeting: Regulate crypto, don't ban, say House members

The winter session of Parliament starting on November 29 is expected to take up the draft bill on regulating cryptocurrency

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Sluggish recovery after sharp fall

The inverse relationship between household income levels and the rate of recovery in consumer sentiments is both disappointing and counter-intuitive. But the data is unambiguous

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PwC to assist Snapdeal with its environment, social & governance programmes

As part of the engagement, PwC would assist Snapdeal to define the overall ESG vision

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Airtel panel to sharpen focus on environmental, sustainability & governance

Manish Kejriwal will be the chairman of the committee

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Ride-hailing app Ola's General Counsel Sandeep Chowdhury quits

Chowdhury had joined Ola from Nuvoco Vistas Corp Ltd

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American Airlines bets on non-stop travel demand, relaunches India flights

"There are more opportunities than we actually have aircraft for," Lattig said

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Hue & cry over stubble burning without any basis: SC raps govt

Asks Centre to hold emergency meet; Delhi govt says ready for complete lockdown to control air pollution

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Recovery tracker: Power generation, freight numbers up post-Diwali

Traffic congestion also saw an uptick compared to the previous week

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Shrinking screens: Why would a customer pay Rs 250 a month for cable?

From Rs 27,000 crore in 2010, cable's share of subscription revenues is now estimated at Rs 13,000 crore

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Centre's tax devolution to states doubled to Rs 95K cr in November: FM

Move to help capex, perk up growth, says FM Nirmala Sitharaman

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Bharat Bond ETF's third tranche to open for subscription on Dec 3

The subscription will be closed on December 9

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Extension of power

New Ordinances will make CBI and ED less independent

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Played again

India's stance on coal helped China

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Will invest in India's metaverse, crypto startups: Antler's Rajiv Srivatsa

The real foundational businesses still take 10 years to build. You can't fast forward it beyond a point, says VC fund's India head

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Network effects

It is a pleasure to read Dr Lally's engagements with the economy of this far-flung overland trade, furnishing serialised and tabular data

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Booming stock market and ailing economy

It is very good that the public authorities are interested in economic growth but the approach needs to change

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Why Jerome Powell must go

On all of the defining issues of the moment, US Federal Reserve chair has shown that his instincts are out of step with what the country needs

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Q2 performance shows Apollo Hospitals Enterprise in the pink of health

Most analysts are positive but target prices indicate limited upside

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Fundraising to conclude in current fiscal, says Vodafone Idea

CEO indicates a tariff hike may happen soon

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Russia starts delivery of S-400 missile systems to India: Official

The development comes as both sides prepare for a visit to India by Russian President Vladimir Putin on December 6

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PM Modi tasks ministers' council to rope in youth for governance

The Centre plans to rope in young professionals, seek suggestions from retiring officials

from Today's Paper https://ift.tt/3FcEFLR
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Over 55% donations to regional parties from 'unknown' sources, shows data

The total income of 25 regional political parties in FY20 was Rs 803.24 crore

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Useful LEADS report on logistics in states

The report is based on 17 criteria based on perceptions of the stakeholders and four criteria based on objective data

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Rates to remain benign, corp credit revival likely in 4-6 months: SBI chief

In a Q&A, the lender's chairman Dinesh Khara says the banking system awaits a restructuring proposal from Vodafone-Idea

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24% drop in stubble burning, but Haryana is an exception, shows data

SC had recently said it has become a fashion to blame the farmers from neighbouring states and their practice of stubble burning for all the pollution in Delhi

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Shielding farm sector from climate change

The real worry is about the projected drop in farm income

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Gainers and losers from decarbonisation

Profit and loss through periods of technical change are not unprecedented

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Message from MGNREGA

Low-skill manufacturing jobs needed to sustain economic growth

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Fragile win in Glasgow

COP26 kicks can down the road to Cairo

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Cloud kitchens' GMV to quintuple to $2-3 billion by 2025: RedSeer

Cloud kitchens have been able to drive customer satisfaction as well

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US policy normalisation to impact risk assets: Nippon India MF's Tripathi

Fed policy action will have a bearing on risk assets and global liquidity, says Amit Tripathi

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Seeing the past with futuristic eyes

Images taken remotely by underwater robots or flying drones can be stitched together to create a 360-degree view of an archaeological site with the help of photogrammetry

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After bumper listing, Nykaa reports 96% decline in Q2 net profit

Revenue up 47% YoY to Rs 885 crore

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Amazon never intended to invest in FCPL: Future Retail directors to CCI

The directors also wrote to CCI that Amazon has obtained approval by making deliberate misrepresentations

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Majority of PMS schemes underperform Nifty in October, shows data

The schemes returned 0.2 per cent on average - worse than the 0.3 per cent generated by the benchmark

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Street signs: Traders eye 18,400 on Nifty, go short on Bajaj Auto, and more

Market watchers say traders have mounted bullish bets on optimism that the index will touch 18,400

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Delhi air quality improves; govt to submit lockdown proposal to SC

The national capital recorded a 24-hour average AQI of 330 on Sunday as against 437 the previous day as emissions from farm fires in Haryana and Punjab dropped significantly

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Centre brings Ordinance to extend tenure of CBI, ED chiefs up to 5 years

Both Ordinances have been signed by President Ram Nath Kovind

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Nomination provisions require an overhaul

Nomination rules can be justified as being products of their times, but there is no excuse for not revising them to reflect new realities

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On brink of 'Emergency': Delhi-NCR air quality index season's worst at 471

People advised to limit outdoor activities, offices told to cut vehicle use by 30%

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Latent View Analytics tops charts with 339 times subscription

IPO receives bids worth Rs 1.1 trn, nearly 6x more than Paytm

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Zomato stock hits a fresh high after MSCI index inclusion

The gain was underpinned by the stock's inclusion in the MSCI Standard Index and strong top-line performance in the September quarter

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Retail inflation rises to 4.48% in Oct, reverses 4-month downward trend

4-month downward trend reversed; core inflation rises to 5.8%, substantiates FinMin fears

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Oil on longest weekly run of drops since March amid SPR pressure

President Biden kept investors guessing about whether he'll act to tame oil prices

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India's Paytm prices stock at top of range in $2.5 billion IPO

The success of the IPO is seen as a precursor for more big-ticket public floats to come in the next year

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McLeod Russel records 19.3% drop in net profit to Rs 122.62 crore

Revenues from operations stood at Rs 493.86 crore in the quarter compared to Rs 498.97 crore in the same period last year

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High Sept qtr EBITDA sustainable amid high energy prices: Tata Steel MD-CEO

In a telephonic Q&A, T V Narendran talks about the strengthening domestic demand in the remaining part of the fiscal and the firm's plan to offer captive ore for open market sale

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RBI clarifies norms for upgrading of accounts classified as NPAs

Asks lenders to mention exact due date for repayment in loan agreements

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IIP growth slows down to 3.1% in September as base effect fades away

The 3.1 per cent YoY growth was driven by a jump in mining and manufacturing activity

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Why managing the 'boys' ain't an easy business

To be honest, I had never thought of the "boys" in the dressing room as a motley bunch of freshly minted millionaires!

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Tarsons Products raises Rs 306 crore from anchor investors

The Rs 1,024-crore IPO will open for subscription on Monday

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Mark Twain: The travelling philosopher

Humour isn't out of place in Mark Twain's journals, though. In fact, it ripples through his descriptions, creating traceries of light upon the grim landscapes of colonial rule

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Gold prices slips after six-session rally as dollar firms

Spot gold dropped 0.6% to $1,851.31 per ounce by 0928 GMT, after hitting a five-month peak on Wednesday

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A warning from Himachal Pradesh

In the 2019 Lok Sabha election, the BJP stayed ahead in each of the Assembly segments

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Myanmar court sentences US journalist Danny Fenster to 11 years in jail

The harsh penalty is the ruling military's latest rebuff of calls from around the world for a peaceful end to Myanmar's political crisis

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The vital enemy

A biochemist and public health specialist has written an entertaining and eye-opening history of viruses

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Spandana Sphoorty Financial delays Q2 results due to flux in management

Its stock closed 1.9 per cent down at Rs 524.15 per share on BSE

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IIT Kanpur develops web-based 'green' monitoring system for Ganga

The project has been implemented by a team of earth scientists, and mechanical, electrical, and aerospace engineers from IIT Kanpur

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Demand recovery at home and abroad, price uptick may prop Tata Steel stock

The street will also keep an eye on pace of debt reduction and cash flows

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Zee Entertainment profit up 187% to Rs 270 crore in Sept quarter

The firm had reported net profit of Rs 94 crore in the same period a year ago

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FRL-RIL deal: SC judge offers to recuse; final hearing on November 23

The bench was also hearing a counter plea by Amazon, seeking to restrain the regulators from approving the merger deal

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Q2 results: Tata Steel beats Tata Consultancy Services in net profit

Tata Steel reported consolidated net profit of Rs 11,833 crore during the September quarter (Q2) against TCS' consolidated profit of Rs 9,624 crore in the second quarter

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Tata Steel Q2 results: PAT rises eight-fold to Rs 11,918 crore

The company is looking to deleverage around Rs 12,000 crore this year, depending on cash flows. It had deleveraged Rs 11,800 crore last year

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CredAble launches UpScale to enable financial inclusion among SMEs

With UpScale, CredAble will penetrate deeper into the ecosystem with tailor-made solutions for small business owners

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14 killed in Tamil Nadu, depression crosses coast near Chennai

In Chennai, flooding transformed several areas into a virtual large water body

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Bharat Biotech's Covid-19 vaccine Covaxin gets mixed review from Lancet

Extrapolating from the report, Lancet said 'two doses offer 77.8 per cent protection against symptomatic Covid-19'.

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Indian bonds, rupee take US inflation scare relatively easy

Bond yields were little changed as RBI assured ample liquidity conditions without trying to control the yields

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SoftBank can invest $5 bn-$10 bn in Indian startups in 2022: Rajeev Misra

"If we find the right companies, we could invest $5 billion to $10 billion in 2022," Misra said on Thursday at the Bloomberg India Economic Forum

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Latest proposal on WTO subsidies still favours advanced fishing nations

While India is ready to take sustainability measures in fisheries and opposes irrational subsidies and overfishing by many countries, it may not agree to the latest proposal

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NAS 2021: Fewer students, logistics may come in way of survey

On Thursday, Delhi Deputy Chief Minister and Education Minister Manish Sisodia too requested the Centre to postpone the survey

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Coinbase CEO says NFTs could be 'big or bigger' than crypto trading

Coinbase has received more than 2.5 million emails seeking to sign up for the marketplace since it was first announced in October

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Five Star Business Finance files Rs 2,752-crore IPO papers with Sebi

The IPO is an entirely an offer for sale (OFS) by existing shareholders and promoter group entities

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Go Fashion's Rs 800-crore IPO to open on November 17: Check details here

The IPO comprises fresh issue of equity shares aggregating up to Rs 125 crore

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India struggles to put out crop waste fires that fuel air pollution

In 2018, Narendra Modi's administration set out to tackle the problem by establishing a fund to help farmers get rid of rice paddy straw

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Re-routing career growth

Transformation is what we would then need in our growth journeys, according to David Nour

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A board for the shareholders

Invesco moved the National Company Law Tribunal seeking an order for the EGM

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A brave new world of banking

The idea that a bank's lending function must be separate from its monetary function is gaining traction in the US

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Helping Afghanistan

Delhi Declaration inadvertently highlights geopolitical weaknesses

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Managing cryptocurrencies

Govt must address regulatory concerns

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Bitcoin hits new all-time high above $69,000; multiple factors drive gains

The leading cryptocurrency has added more than $3,000 to its value today

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Wall Street warns it will cut NYC workforce in the next five years

Overall, 13 per cent of employers in the city expect to reduce their workforces in coming years

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China's factory inflation risks build as producers pass on costs

The producer price index climbed 13.5 per cent from a year earlier, the fastest pace in 26 years

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Inox Group reaches settlement over division of business; stocks rise

Share prices of Inox Wind and Inox Leisure are up 130 and 56 per cent since January 1.

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Asia's most expensive apartment sold in Hong Kong's Peak area

The apartment on the Peak came with three parking spaces and is measured at 4,544 square feet

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Inflows in equity schemes dip 40% in October amid rally in markets

Number of SIP accounts at a record high of 46.4 million in October

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Tesla erased $199 billion, Elon Musk lost $50 billion in just two days

The drop narrows Musk's lead over Bezos as the world's richest person to $83 billion

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A message to Pakistan in Delhi dialogue on Afghanistan crisis

Afghan soil should not be used for terror, says the declaration

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The humane factor

It is about how corporate leaders can create humane and passionate companies, which, as a byproduct, achieve impressive growth and great profits

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Stage set for India's investment cycle to kick-start, says FinMin

For the first time since January this year, households expected inflation to fall, according to the RBI survey

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Labouring under illusions

The development of Haryana's golden goose has thrived despite reflecting all the worst contradictions of post-liberalisation India

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Dualism and its discontents

Employed vs jobless, formal vs informal, urban vs rural-the pandemic has exacerbated the divide, with lasting consequences for the economy

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Fencing farm risks

Ways must be explored to ensure reasonable returns

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Carbon tariffs

India's attitude at the WTO needs to be constructive

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Climate change: Loss of glaciers will hurt tourism, power supplies and more

The ice masses that formed over millennia from compac­t­ed snow have been melting since the time of the Industrial Revolution, a process that has accelerated in recent years

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Zomato Q2 results: Loss widens to Rs 430 crore as delivery costs go up

Consolidated revenue from operations rose 21 per cent sequentially to Rs 1,024 crore in Q2, against Rs 844 crore in the quarter ended June

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Celerio to give 26 kmpl mileage, best ever in the industry: Maruti

Revamped model has fuel efficiency of 26.68 km/litre, making it most fuel-efficient petrol car on road

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Telcos get six-month 5G trial extension, spectrum auction may get delayed

According to industry estimates, nearly 1,660 cities globally have some sort of 5G

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US joins India-led International Solar Alliance as member country

The US on Wednesday became member country of the International Solar Alliance (ISA)

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Early mover advantage and scale key themes for PharmEasy investors

Success depends on its ability to integrate various entities across the healthcare value chain

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Rafale deal: French portal's bribe charge triggers BJP-Cong slugfest

BJP spokesperson Sambit Patra launched a scathing attack on Rahul Gandhi, who has consistently alleged corruption in the purchase of the fighter aircraft by the Modi government

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Not signed up to COP26 action agenda on sustainable agriculture: India

India dismissed reports that it had signed up to the Action Agenda on Sustainable Agriculture

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Phased T+1 settlement cycle roll-out a win for foreign portfolio investors

Real transition will begin only in Dec '22 for foreign investors

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ITC Hotels signs up first property in Udaipur under its new brand Mementos

Slated to open in the first quarter of next fiscal, the 130-room property is spread over 106 acres with each room offering a view of the beautiful panoramic Arravalis

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COP26: Climate talks struggle with gap between rich, poor countries

To forge compromise, they have a big gap to bridge. Or more accurately, multiple gaps: there's a trust gap and a wealth gap

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Stuck in an identity trap

Mr Manzoor shows a similar hesitation when discussing a possible link between Islam and the violence perpetrated in its name

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Irrational exuberance and rational humility

I worry that the hard-earned savings of middle-class investors could be at risk

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Govt procures over 20.9 mn tonnes of paddy this Kharif marketing season

Food Ministry said 209.52 lakh tonne of paddy has been purchased till November 8

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After selling the Maharajah

Privatisation of Air India should lead to a downsizing of the aviation ministry and other regulatory reforms

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Reservations on hiring

Problems remain in Haryana's modified law

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Global inflation conundrum

RBI should continue the unwinding process

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Who is your competition?

Marketing Myopia: When Nirma was rising rapidly, grabbing a huge share of the middle-class washing market, HUL did not see it as real competition

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Brookfield India REIT operating revenue down 3% in September quarter

Brookfield has declared a Rs 180-crore dividend payout for the September quarter, taking its total profit distribution to Rs 390 crore since listing in February

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Swiss firm Firmenich buys Blackstone's 10% stake in SH Kelkar for Rs 242 cr

Stake was sold at Rs 173 a share; SH Kelkar stock last closed at Rs 183.5, up 20%

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Good Glamm Group India's first unicorn in DTC beauty and personal care biz

The firm, valued at $1.2 bn, expects to cross annual recurring revenue of $250 million by March 2022

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RBI governor, top bankers to bring down curtains on mega BS-BFSI summit

The most-awaited chat with the RBI governor will roll into the bankers' panel, bringing down the curtains on an incisive summit that ran for nine days, spanning 11 sessions

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Chennai floods: Authorities face Madras HC heat as death toll rises to 5

The court's scathing view comes at a time when rainfall-related incidents have claimed five lives so far.

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Centre appoints two of its nominees on the board of govt-owned DFI

Addl Secy at Department of Financial Services, Pankaj Jain and Addl Secy at DPIIT Sumita Dawra have been nominated as directors on the board of NaBFID

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MGNREGA will need Rs 32K-crore more aid to meet demand: Experts

But a supplementary budgetary support of Rs 50,000 cr would be appropriate to fulfil all requirements of this year: Activists

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BS BFSI Insight Summit: MFs to stay top choice for investors, say panelists

Transparency, low cost and the variety of investment options offered drive investor preference, says a section of top MF honchos

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Rafale row: CBI decided not to probe kickbacks, claims report

Mediapart alleges Dassault paid at least €7.5 mn to middleman Sushen Gupta from 2007 to 2012 through 'overbilled' IT contracts with shell company to secure sale of jets

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Lack of seriousness will jeopardise net zero pledges, says India

India, speaking on behalf of the BASIC group, on Monday warned that lack of a serious approach to climate finance will jeopardise the enhanced mitigation and adaptation ambition as well as net zero pledges of parties. India last week said that climate finance cannot continue at the levels decided in 2009 and emphasised that it expects climate finance of USD one trillion "at the earliest" in view of new commitments. Richa Sharma, Lead Negotiator (India) and Additional Secretary, Ministry of Environment, while delivering the BASIC (Brazil, South Africa, India and China) group statement at the joint stock take plenary at the 26th international climate conference here, said that clear timelines and milestones were required to determine the exact magnitude of the new finance goal. "Post 2020 mitigation ambition and net zero pledges require significantly enhanced climate finance. The exact magnitude of the new finance goal can be determined through a structured process, with clear timelin

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Maharashtra bags climate action award in UK for regional leadership

The state government claims to have succeeded in creating a culture of climate action in Maharashtra, which has borne expenses worth $2 billion due to climate-related disasters during the past year

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Sensex jumps 478 points as Infosys, HDFC advance; Titan rises over 4%

After a volatile session, the 30-share index ended 477.99 points, or 0.8 per cent higher, at 60,545.61

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Floods, water crisis: Chennai feels climate change pinch, say experts

The report says that Chennai may sink by up to 1.87 feet under water

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Glasgow COP26: Govts working to make agriculture less polluting

In the COP26, India has committed to reduce overall carbon emission by 1 billion tonnes by 2030

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Shriram Capital closes in on a merger deal with two lending units

Unlisted Shriram Capital is in the process of firming up the amalgamation with Shriram Transport Finance Co and Shriram City Union Finance Ltd

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BFSI Insight Summit: Why should we not seek subsidy, say panelists

Say customer engagement has been one of the pain points for insurers, historically

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Tesla shares fall after Twitter users vote for Elon Musk to sell stock

Musk tweeted on Saturday that he would offload 10% of his stake if users of the social media network approved the proposal

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IT industry weighs options as Haryana quota law comes into force in January

In March, when Haryana first proposed the law, industries across the board expressed reservations about it

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Coca-Cola India net profit declines 28.4% to Rs 443.4 crore in FY21

Coca-Cola India's net profit declined 28.4 per cent year-on-year to Rs 443.38 crore and its revenue from operations was down 16.2 per cent to Rs 2,297.51 crore in the pandemic-hit FY21, according to regulatory documents. The cola major had logged a net profit of Rs 619.14 crore in FY20, while its revenue from operations in that year had stood at Rs 2,741.54 crore. Coca-Cola India's total income also declined 16.2 per cent to Rs 2,355.10 crore in the fiscal ended March 2021 as against Rs 2,811.99 crore in the preceding financial year, according to the Registrar of Companies filing, shared by market intelligence firm Tofler. Reply to an e-mail sent to Coca-Cola India could not be ascertained immediately. In FY21, Coca-Cola India's other income also declined 18.2 per cent to Rs 57.59 crore as against Rs 70.44 crore a year ago. During the financial year 2020-21, the company's total expenses were reduced by 11.2 per cent to Rs 1,740.92 crore as against Rs 1,961.28 crore in the previous

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Revised fisheries draft: WTO draft snubs India's transition period proposal

WTO member nations from Tuesday will kick start a clause-by-clause discussion of the entire text of the revised draft

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Looking beyond L1

Govt introduces progressive reforms in procurement

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Lessons from Europe

India must speed up vaccination

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Real-world banking

The book raises quite a few questions on other important issues concerning the financial sector

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Entrepreneurs of the green era

With entrepreneurs and investors taking us to the Green Frontier, what should policymakers do?

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The energy headwind

The surge in energy prices is a concern for growth; even if temporary, a reminder of India's strategic dependence on imported energy

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After Pakistan, China to skip India's NSA-level meet on Afghanistan

Cites 'scheduling issues'; NSAs of central Asian countries confirm participation in Nov 10 regional security dialogue

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