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April 13, 2024

Vi looks to raise ₹18K cr via India's biggest FPO

Priced at ₹10-11 a share, offer opens on Thursday

1 min

TCS surprises with Q4 profit, deal wins

Reporting one of its highest deal wins in the midst of macro challenges, Tata Consultancy Services (TCS), India's largest information-technology (IT) services player, on Friday kicked off the IT-results season for the fourth quarter of FY24. TCS reported a net profit of ₹12,434 crore, up 9.1 per cent year-on year (Y-o-Y).

2 mins

Election paraphernalia misses on-ground excitement

The 18th Lok Sabha election begins in less than a week, but the demand for campaign material and merchandise is yet to pick up across cities.

3 mins

Global woes spook mkts

Sensex sinks 793 pts, bonds weaken, falls & gold soars; FPIs sell ₹8K cr equities

2 mins

Real estate to become $1.5trn market by '34, grow threefold

India's real estate sector will be worth $1.5 trillion by 2034 as it grows three-fold from $482 billion now as residential and commercial demand grows, said 'India Real Estate: A Decade From Now' report by the Confederation of Indian Industry (CII) and real estate consultancy Knight Frank on Friday.

1 min

Auto exports take a hit on rising global woes

PV wholesales soar to record 4.2 mn in FY24

2 mins

Jaypee's stalled Wish Town leaves homebuyers in the lurch

Resolution between Yeida and Suraksha Group to settle farmer compensation issues may get delayed

3 mins

Funding for fintech startups rose 59% in Q1CY24

Funding among fintech startups surged 59 per cent quarter-on-quarter (Q-o-Q) to $551 million in the first quarter of 2024 (Q1CY24), up from $346 million in the previous quarter, according to a report by market intelligence platform Tracxn.

1 min

Sale of entry-level cars, 2Ws yet to hit pre-pandemic peak

Domestic sales of cars and two wheelers at the entry level are far from reaching their pre-pandemic peak, according to Society of Indian Automobile Manufacturers (Siam) data, released on Friday.

1 min

TCS WON'T APPOINT COO AFTER NGS STEPS DOWN

Employee number down by 13,249 in FY24

1 min

Nearly 90% GCCs in India plan to harness AI, ML in 2-3 years

About 90 per cent of global capability centres (GCCs) in India plan to harness the potential of artificial intelligence (AI), machine learning (ML), and cognitive computing in the next 2-3 years, according to consulting firm ANSR's Q4 GCC Quarterly Landscape.

1 min

Meta starts testing AI chatbot in Whatsapp, Insta in India

Meta is testing its artificial intelligence-powered chatbot Meta AI with select users across popular social media apps like WhatsApp, Messenger and Instagram in India, the parent company of Facebook said on Friday.

2 mins

TCS headcount declines for first time in 19 yrs; hits campus route

Employee number down by 13,249 in FY24

1 min

Wages to workers: How MGNREGA fared in past 10 years

Early in its tenure the government, according to civil society activists, viewed the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) \"testimony\" to the failures of the United Progressive Alliance government (2004-14).

3 mins

Govt unlikely to privatise GIC Re at this stage'

General Insurance Corporation of India (GIC Re) Chairman and Managing Director RAMASWAMY NARAYANAN expects the stake sale of about 10 per cent in the public-sector reinsurer to begin after the general elections. In a video interview with Harsh Kumar, Narayanan says the company's business from GIFT City will substantially increase in the coming days. Edited excerpts:

3 mins

India's GDP to grow at 6.1% in '24, lower than 7.7% in 2023: Moody's Analytics

Moody's Analytics has raised its projection for the India's gross domestic product (GDP) growth for calendar year 2024 to 6.1 per cent from 6 per cent in March this year.

1 min

March retail inflation eases to 10-month low of 4.85%

IIP accelerated to 4-mth high in Feb

2 mins

Omar to take on Lone in redrawn Baramulla seat

AGENCIES 12 April Former Jammu and Kashmir Minister Omar Chief Abdullah (pictured) will contest elections from the Baramulla Lok Sabha seat, the National Conference (NC) announced on Friday.

1 min

J&K Assembly polls, statehood soon: PM

Says his govt respects Constitution, even Ambedkar can't abolish it

2 mins

Will RLD tie-up help BJP retain Muzaffarnagar?

The 2019 Lok Sabha (LS) elections in Muzaffarnagar is remembered for the Bharatiya Janata Party's (BJP's) Sanjeev Kumar Balyan scraping past Rashtriya Lok Dal (RLD) chief, the late, Ajit Singh, by just 6,526 votes.

1 min

Of filial bonds, sibling rivalries, and ideological commitments

Family dynamics and political allegiances reflect both individual ambitions and familial ties ahead of the Lok Sabha polls

4 mins

Election season may hit govt capex spending, FDI inflows

A study by Bank of Baroda analysing the past data shows economic variables like government capital expenditure (capex) or foreign direct investment (FDI) inflows could be impacted by the election season.

1 min

BlackRock hits record $10.5 trn in AUM, net rises

BlackRock reported record assets under management (AUM) of about $10.5 trillion in the first quarter and posted a 36 per cent jump in profit on Friday as a rebound in global equity markets boosted its investment advisory and administration fees.

1 min

JPMorgan profit rises 6% in Q1; shares decline after NII miss

JPMorgan Chase's profit rose 6 per cent in the first quarter, although its shares dropped after the bank's forecast for its income from interest payments came in below analysts' expectations.

1 min

Iran has no easy options as it seeks to avenge Syria attack

Iran may be close to launching missile or drone strikes on Israeli targets in response to a deadly attack on its diplomatic compound in Syria last week. Yet how the Islamic Republic retaliates is more complicated than the why.

3 mins

Apple loses bid to throw out $1 bn UK suit

Apple, aiming to boost sluggish computer sales, is preparing to overhaul its entire Mac line with a new family of in-house processors designed to highlight artificial intelligence.

1 min

China tells telecom firms to phase out foreign chips

Chinese officials directed the country's largest telecom carriers earlier this year to phase out foreign chips that are key to their networks by 2027, the Wall Street Journal reported on Friday, citing people familiar with the development.

1 min

Biden vows to defend Japan, Philippines against China

President Joe Biden said he was committed to \"deepening maritime and security ties\" with Japan and the Philippines as he sought to assure allies worried about increasingly assertive Chinese actions in disputed waters.

1 min

Mr Techie goes to the polls

Rajeev Chandrasekhar has many throwaway lines to his credit.

3 mins

Modi's new BJP at 44

As the BJP heads for a likely third successive term in power, it's fascinating to debate how true it looks to the original proposition: A party with a difference

5 mins

Rediscovering Márquez

I was thrilled to learn last month that Gabriel Garcia Márquez's publish posthumously Until August, a work of fiction he left behind with instructions not to publish it.

3 mins

The future of work in the AI era

Recent discussions about the implications of artificial intelligence (AI) for employment have veered between the poles of apocalypse and utopia.

3 mins

Cheering Mandanna & Mandhana

Rashmika Mandanna today endorses McDonald's, Dabur Honey, Cashify, Kalyan Jewellers, and Bisk Farm among other brands.

3 mins

HAL gets ₹65K cr MoD tender for 97 more Tejas Mark 1A fighter jets

In what could be the government's largest-ever purchase of indigenously-built military equipment, the Ministry of Defence (MoD) has issued Hindustan Aeronautics Ltd (HAL) a request for proposal (RfP) for 97 Tejas Mark 1A fighter aircraft.

1 min

Japan's MUFG in talks for $1.7 bn stake in HDFC unit

Plans to buy 20% in HDB Financial Services that offer consumer loans

1 min

MFs take passive route in search of differentiation

The passive mutual fund (MF) space is seeing a spurt in action as fund houses are opting for the index fund route to launch differentiated offerings.

1 min

Gold, silver scale fresh peaks

Gold and silver prices rallied for the fourth straight session and hit fresh peaks on Friday, with the yellow metal gaining sharply by 1,050 to breach ₹73,000 per 10 grams level amid bullish global trend.

1 min

Bharti Hexacom sparkles on debut; gains 43%

Shares of telecom service provider Bharti Hexacom surged as much as 54 per cent during their trading debut on Friday.

1 min

₹falls, bonds weaken on US inflation data

The rupee and government bonds weakened on Friday following higher-than-expected US Consumer Price Index (CPI) for March which came in at 3.5 per cent, against the anticipated 3.4 per cent.

2 mins

High anticipation for capital mkt reforms in full Budget'

The markets are trading at record highs. MAHAVIR LUNAWAT, managing director at Pantomath Capital Advisors, told Puneet Wadhwa in an email interview that he expects the new age technology sector will be one of the key sectoral opportunities in the next five years. Edited excerpts:

2 mins

Yellow metal glitters on China demand

This comes mid lack of lack of retail investor euphoria with regards to gold, says Chris Wood

2 mins

Gloomy picture: Near-term gains unlikely for PVR Inox

Firm may face tough times amid forecast of weak box-office collections

3 mins

Mary Kom resigns as Paris Olympics chef-de-mission

Six-time world champion boxer M C Mary Kom on Friday stepped down as India's chef-de-mission for the upcoming Paris Olympics, saying she is \"left with no choice\" due to some personal reasons.

1 min

Hotel bookings, airfares on strong wicket as IPL fever catches on

Hotel tariffs up nearly 20% as compared to last year; flight bookings surge 10%

2 mins

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