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May 03, 2024

Godrej family begins process to untangle cross-holdings

The Godrej family has begun the process of restructuring holdings in the listed entities between Adi/Nadir and Jamshyd/Smita families with zero consideration for the acquisition of shares by the former, according to a statement to the stock exchanges.

1 min

DPIIT wants 'local content' calculation narrowed

PUBLIC PROCUREMENT ORDER

2 mins

Amazon, Flipkart flouted antitrust laws: CCI probe

Competition regulator to soon share report with firms

2 mins

Coal India's profit rose 18% in FY24

National miner Coal India Limited (CIL) registered a 17.8 per cent jump in its yearon-year (Y-o-Y) profit at 37,369 crore for the financial year 2023-24 (FY24).

1 min

Cognizant net profit fell 6% to $546 mn

Nasdaq-listed Cognizant Technology Solutions reported a nearly 6 per cent decline in net profit to $546 million for the first quarter ended March 31, 2024, down from $580 million a year ago.

1 min

Dabur profit up 16%, rural biz beats urban

Home-grown fast moving consumer goods (FMCG) company Dabur India on Thursday reported a 16.2 per cent yearon-year (Y-o-Y) increase in consolidated net profit to 349.5 crore in the fourth quarter ended 31 March 2024, in line with analyst estimates.

1 min

Airport dues drag down AEL net 37.6%

Revenue up 0.8% at ₹29,180 crore

1 min

IndiGo gives 45-day bonus to staff

Country's largest airline IndiGo on Thursday announced a one-time bonus equivalent to 45-day basic salary to all its employees, citing solid performance since the latter half of 2022 and achieving \"net worth positive\" status in February.

1 min

HMD plans to make India its manufacturing hub

Finnish phone manufacturer Human Mobile Devices (HMD Global), which acquired the Nokia brand name from Microsoft, is planning to make India a key manufacturing hub for its phone exports.

2 mins

Byju's may pay April salary to employees this week

Links sales staff salaries with revenue generated every week

1 min

Girish Mathrubootham resigns as Freshworks CEO, takes up new role

Girish Mathrubootham has stepped down as the chief executive officer (CEO) of Freshworks to become the executive chairman of the Nasdaq-listed software as a service (SaaS) company.

1 min

For some candidates, it takes two to tango

In the 2019 Lok Sabha (LS) elections, Congress leader Rahul Gandhi was one of 23 candidates to contest from two LS seats - Wayanad and Amethi.

3 mins

Deo Sai looks to maintain Raigarh momentum

For Chhattisgarh's Chief Minister, Vishnu Deo Sai, ensuring that BJP retains Raigarh would be a matter of prestige.

2 mins

'Breaking up of parties has not gone down well with people'

SUPRIYA SULE, a three-time Lok Sabha member from Maharashtra's Baramati constituency, is fighting an intense poll battle against her sister-in-law Sunetra Pawar.

1 min

Pak’s mureed: Modi hits out at Cong

Rahul Gandhi, who was in Karnataka, said the PM cancelled his meetings after the alleged tapes of Revanna surfaced

2 mins

Digvijaya Singh's last, big battle

Raja Sahebseeks to recover common touch

3 mins

Make in India and a tale of two cities

On a day when Prime Minister Narendra Modi addressed three public rallies across Gujarat and other leaders went all out campaigning in the state, Sanand meant business. Sanand, a major industrial hub with manufacturing plants of Indian and foreign companies, is not politically indifferent.

3 mins

Old warhorses brace for a new battle

'Ladli' to 'Lakhpati' mirrors Shivraj's shift to bigger role

2 mins

Private ports outpace central peers in FY24

Register double-digit growth; coastal cargo major booster for private ports

2 mins

'Xenophobia' stalling growth of India, China, Japan: Biden

Irregular migration in US has become a key issue ahead of November presidential election

1 min

Barred Huawei backs research in US universities

Huawei Technologies, the Chinese telecommunications giant blacklisted by the US, is secretly funding cutting-edge research at American universities including Harvard through an indeper foundation.

1 min

Boeing scandal: 2nd whistle-blower dies

Dean had raised concerns about the oversight of manufacturing defects in the 737 Max

1 min

Qualcomm gives solid outlook amid AI wave

Qualcomm shares climbed about 10 per cent to a more than two-year high on Thursday after the smartphonefocused chipmaker signaled an AI-fueled rebound in demand, especially in China, following a years-long slump.

1 min

In online world, a new generation of protesters chooses anonymity

Over the last week, Fabiola, a sophomore at Columbia, joined an encampment on her university's quad, risked suspension and disrupted campus life, all in an effort to draw attention to the Palestinian cause.

2 mins

Needed: An underwater PM Gati Shakti

The oceans harbour vast untapped economic potential worth trillions of dollars, yet much of it remains undiscovered.

4 mins

Diversifying portfolio Silver investors must take note of its industrial use

Silver investors must take note of its industrial use

2 mins

Filling the submarine gap

Addressing this deficiency should be a top priority for the new govt, given India's role as the gatekeeper to the Indian Ocean

4 mins

The art of constructive negotiation

Are you jealous of people who are excellent at bargaining and always manage to get the best deals? Do you struggle with asking for a raise even when you know that you deserve one? Would you like to learn how to articulate what you want without feeling guilty or ashamed? Read Prakash Chugani's book Negotiate or Stagnate: Have it Your Way Without Showing the Highway to learn the basics of negotiation.

3 mins

After split, mixed bag for Godrej shares

Share prices of Godrej Industries, Godrej Properties and Astec Lifesciences fell on Thursday after the Godrej family made the news of family settlement official.

1 min

Currency derivatives volumes plunge on RBI exposure norms

The volumes of exchange-traded currency deriv- evidence of underlying exposure for positions atives fell significantly in April as retail investors wound up their positions ahead of the central bank's May 3 deadline on mandatory underlying exposure, market participants said.

1 min

IPO market set to break May jinx in election year

For 1st time during poll cycle since '04, mkts will see IPO frenzy

2 mins

Bonds rally after Fed holds rates steady

Government bonds strengthened on Thursday as traders covered short positions following the US Federal Reserve Committee's announcement of no further rate hikes.

1 min

Manufacturing PMI eases in April

Indian manufacturing slowed down a bit in April but growth stayed robust to signal the second-best improvement in the sector's health in three and a half years, said a private business on Thursday.

1 min

OECD raises India's FY25 GDP growth projection to 6.6%

On the global front, GDP growth is projected to be 3.1% in 2024, unchanged from 2023

2 mins

FSSAI widens investigation to other items

After starting a probe into alleged violation of norms in branded spices, food regulator Food Safety and Standards Authority of India (FSSAI) plans to launch surveillance on other food items like fortified rice, dairy products and spices sold in the domestic market.

1 min

SKILL DRILL: FROM EDUCATION TO EMPLOYMENT

Skill-imparting companies are introducing diverse programmes to train youth for the evolving job market demands

6 mins

Actor Janhvi Kapoor opens home to Airbnb's 'Icons'

Homes of celebs from film, music, art, sports opened for overnight stay under new category

2 mins

Our sleep apnea devices safe for use in India: Philips

Dutch healthcare company Philips says it has completed remediation of its faulty sleep therapy devices in India, asserting that based on the current testing, their continued use is not expected to cause any \"appreciable\" health harm.

2 mins

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