Tata Trusts chief’s negotiation skills to be tested to the hilt MUMBAI: Noel Tata’s plan to keep Tata Sons private faces five hurdles, the steepest of which is a Reserve Bank of India (RBI) that has already refused to release the group’s holding company from its rules. The chairman of Tata Trusts has proposed merging … Read more
50 cities picked to set new cleanliness benchmarks under PRAGATI-50 NEW DELHI: Govt on Tuesday launched PRAGATI-50, an initiative to make 50 cities across 24 states and UTs completely clean, with the selected cities set to emerge as role models for the rest of the country. The list includes almost all state capitals, as well … Read more
NEW DELHI: “Safety, reliability, profitability and pursuing disciplined and sustainable growth.” Air India‘s CEO and MD (proposed) Tewolde Gebremariam on Monday set these priorities out for the struggling airline group in his first Town Hall with employees. Apart from widening losses, AI’s safety practices and alleged lack of discipline among crew are under the scanner … Read more
For bulk purchases, such off-the-record cash deals can bring prices down by as much as 6% from prevailing market rates. (Image for representative purposes) Gold prices, despite their recent correction, are still very high and the hike in gold import duties from 6% to 15% has raised the cost of jewellery further.Although prices have fallen … Read more
MUMBAI: Private equity (PE) money is chasing the events and experiences economy in India-think KKR’s bet on ticketing and live entertainment platform BookMyShow or Blackstone’s investment in an Indian Premier League (IPL) franchise. Young consumers are now driving household spends and they are allocating a big chunk of their budgets to experiences.Consider this: at Travis … Read more
Why is Russia with all its oil supply and refining infrastructure importing gasoline from India? (Image for representative purpose only) The irony in Russia’s latest oil trade is hard to miss. A country that has long been a major exporter of not just crude oil, but also refined petroleum products, is now importing gasoline from … Read more
The father and nominee of the deceased son, approached the consumer commission after LIC refused to honour a life insurance claim. Your child takes life insurance, and after his death the insurer denies the claim on the basis that your son hid a pre-existing condition. What happens then?In one such case, the District Consumer Disputes … Read more
Equity benchmark indices Sensex and Nifty ended lower for the second day on Tuesday as elevated crude oil prices triggered by uncertainty over the West Asia situation and foreign fund outflows weighed on investor sentiment. The 30-share BSE Sensex dropped 242.65 points, or 0.33 per cent, to settle at 72,529.07. During the day, it slumped … Read more
Nvidia’s growth outlook remains closely tied to the global AI infrastructure boom. (Reuters) Nvidia has increased its share buyback authorisation by a record $150 billion, taking its total remaining repurchase capacity to $235 billion as the chipmaker bets on continued demand for artificial intelligence hardware amid intensifying competition.The increase surpasses Apple’s $110 billion buyback authorisation … Read more
According to the man, his wife, daughter and son were left waiting inside a car during heavy snowfall. (Image for representative purpose only) Family holidays are joyous occasions, but what if your vacation becomes an ordeal because the hotels you booked online via a travel portal turn are missing! Worst still, you are forced to … Read more