Financial Express Mumbai - March 23, 2024
Financial Express Mumbai - March 23, 2024
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March 23, 2024
TVS promoter family sign trademark pact
TVS MOTOR COMPANY'S promoter family has executed a memorandum of understanding (MoU) to demarcate usage of certain trademarks by different factions and prohibit competing in each other's businesses.
1 min
Zoom goes off beaten track
Banks on generative AI assistant, Zoom Phone
3 mins
Consumption demand gains strength: Govt
Rise in household savings necessary for private sector capital formation
2 mins
Starved of liquidity, banks bid big in RBI's VRR auction
WITH LIQUIDITY DRYING out temporarily because of goods and services tax (GST) and advance tax outflows during the end of the fiscal, banks put in bids aggressively for the three variable report rate (VRR) auctions on Friday.
1 min
IT STOCKS FEEL THE BLUES
THE BSE IT INDEX fell 2% on Friday reacting to the report of Accenture lowering its guidance.
1 min
Tech giants forge tie-ups to speed up AI deployment
MICROSOFT, GOOGLE, APPLE NOT MOVING FAST ENOUGH TO FIELD CONSUMER PRODUCTS
3 mins
Savings from direct benefit transfers cross ₹3.5 trillion
FY15-FY23 gains to the exchequer 75% higher than PLI budget
1 min
'Fake reviews on e-tailing platforms a big menace'
While online sales of products and services have grown exponentially, consumer complaints too have also risen almost as fast. Rohit Kumar Singh, secretary, department of consumer affairs, spoke to Sandip Das on a range of initiatives taken to protect consumer interests. Excerpts
3 mins
Expressways master plan for 2047 in the works
THE GOVERNMENT IS currently drafting the National Masterplan for the development of highways and expressways by 2047.
1 min
Google case: CCI's latest order seen as a balancing act
THE COMPETITION COMMISSION of India's (CCI) latest order dismissing the plea of digital entities against Google's updated payment policies seems to have given a fresh hope to the tech giant.
2 mins
Greenko used its web of 44 firms to buy bonds for YSRCP, BRS, BJP
THE ELECTORAL BONDS data made public by the Election Commission of India (ECI) may suggest that renewable energy major Greenko purchased bonds worth 35 crore through 11 group companies, all of which have \"Greenko\" in their registered names.
2 mins
Govt eyes Africa for minerals
INDIA IS LOOKING at investments in African mines to boost supply of critical minerals like cobalt to the user industries, Union mines secretary V L Kantha Rao said on Friday.
1 min
King confers top Bhutan honour on PM: India is our true ally, friend
DESCRIBING PRIME MINISTER Narendra Modi's leadership as \"extraordinary and exemplary\", Bhutan's King Khesar Namgyel Jigme Wangchuck said on Friday that with Modi at the helm, India's future is bright and \"a successful India means a bright future for Bhutan\".
2 mins
BJP encashed 80% of bonds bought by Nifty, Sensex firms
AMONG THE COMPANIES that bought electoral bonds since April 2019, there are 15 listed in the Nifty 50 index and eight in the 30-scrip BSE Sensex, as per the data published by the State Bank of India (SBI) and the Election Commission on Thursday.
2 mins
India next big playground for AI: Samsung VC & CEO
SAMSUNG ON FRIDAY said the company is committed to bring AI (artificial intelligence) and hyperconnectivity to its consumers in India, as the country is the next big playground for AI.
1 min
Retailers eye Holi boost ahead of holiday season
RETAILERS ACROSS APPAREL, fashion, electronics and food and beverages expect the ongoing weekend, which will be extended by Holi on Monday and Tuesday, to set the stage for the upcoming holiday and summer shopping season.
2 mins
Telcos pad up for IPL with special data plans, discounts
IN A BID to boost data usage on their networks, telecom operators Bharti Airtel, Reliance Jio, and Vodafone Idea have introduced special plans with additional data and discounts for users during the Indian Premier League (IPL) 2024.
2 mins
IndiGo lowers fleet addition guidance
EYES 'EARLY DOUBLE DIGIT GROWTH' IN FY25
2 mins
Bajaj earmarks ₹5,000 crore for CSR initiatives
BAJAJ GROUP ON Friday committed 5,000 crore towards corporate social responsibility (CSR) initiatives over the next five years.
1 min
Wipro elevates 31 staff to senior roles
LEVERAGING ITS BENCH strength, Wipro appointed 25 VPs (vice presidents) and six SVPs (senior vice-presidents) on Tuesday as part of measures to continue transformation within the company, CEO and MD Thierry Delaporte told employees in an internal mail.
1 min
Over 60% brands widely use 'MarTech', says report
OVER 60% OF brands now extensively use marketing technology (MarTech) tools in their organisations, and a staggering 95% plan to increase their spending on the same, says a report released by Mirium India and VPL, part of the WPP group.
1 min
Accenture's guidance cut dashes hopes of IT firms
Accenture cited macroeconomic uncertainties stopping clients from spending on consulting services and increasing pressure in volume of smaller deals
1 min
Tesla trims EV car output in China
TESLA HAS REDUCED production at its plant in China, according to people familiar with the matter, amid sluggish growth in electric-vehicle sales and intense competition in the world's biggest auto market.
1 min
Italy PM Meloni seeks symbolic compensation over deepfake porn images
ITALIAN PREMIER GIORGIA Meloni has been asked to testify in court on July 2 in the trial of two men who are accused of making deepfake pornographic images using her face and posting them online.
1 min
Apple shares wobble after antitrust suit
US, EU TARGET IPHONE MAKER'S SERVICES UNIT
1 min
Rupee hits record low amid slump in Asian currencies
THE RUPEE FELL to a record low against the US dollar on Friday, pressured by a drop in the offshore Chinese yuan, surging greenback and strong domestic dollar demand close to the end of the session, traders said.
1 min
Banks’ NII to remain under pressure in Jan-Mar: Report
Net interest margins of banks declined by 16 basis points YoY to 3.14% in the December quarter
1 min
Fx reserves at all-time high of $642.5 billion
FOREIGN EXCHANGE RESERVES rose for the fourth straight week to hit a record high of $642.5 billion for the week ended March 15, the latest data from the Reserve Bank of India (RBI) showed.
1 min
VCs tighten purse strings on startups
Funding slumped last year, off to weak start in 2024
2 mins
Seven weight-loss drugs to hit Indian market in two years
WITH STUDIES NOW proving that the new category of weightloss injectables can reduce your weight by up to 20%-comparable to life-saving bariatric surgeries these are now expected to be available in India in the next couple of years.
2 mins
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