'Our vision is to become a GenAI managed services provider.'
'Expect our food delivery business to deliver sustainable adjusted EBITDA margins of about 5 per cent in the medium term.'
Compact sedans (Maruti Dzire, Hyundai Aura, Tata Tigor)' share in the overall sedan category grew from 68% in 2021 to 74.6% in 2024. Mid-sedans' (Honda City, Maruti Ciaz, Volkswagen Virtus) share declined from 26.2% in 2021 to 20.2%.
The Reserve Bank of India (RBI) on Wednesday came out with comprehensive draft guidelines to harmonise and regulate gold loans across all financial entities, including putting a cap of 75 per cent on loan-to-value (LTV) ratio. The draft guidelines also aim to address concerns related to certain lending practices, provide clarity on specific aspects, and strengthen the conduct-related standards in the sector.
'When Prime Minister Modi met President Trump, they agreed to initiate a bilateral trade dialogue.' 'It makes sense to give these negotiations a chance.'
The TMC-led West Bengal government has already started laying the groundwork for the election, setting the tone with the recent Bengal Global Business Summit and the state Budget.
As the US gets tougher with visas, the prayers of US-bound devotees in India are getting more fervent, and their purse strings looser. Called Visa Hanuman temples (there are half a dozen all over India), some of them ask for a 'fee'.
Eternal (formerly known as Zomato) reported a net profit of Rs 39 crore for the fourth quarter of FY25, down 77.7 per cent year-on-year from Rs 175 crore in the same period a year ago. On a sequential basis, profit was also down 33.8 per cent from Rs 59 crore in the preceding quarter (Q3FY25).
In today's rapidly evolving digital payment landscape, security concerns remain a top priority for stakeholders across sectors.
The recent selloff in the Indian equity market has been far more painful for mid and smallcap stocks compared to largecap stocks. The benchmark BSE Sensex is now down 9.5 per cent from its record monthly closing of 84,300 at the end of September last year. In the same period, the BSE MidCap has lost 17 per cent of its value, while the BSE SmallCap has corrected by 17.1 per cent.
Raising overseas debt has become prohibitively expensive due to the depreciating rupee.
'We have opened 100 branches in the last one and a half years. Our manpower is also in place.'
Driven by a boom in domestic tourism, a record number of weddings in November and December, and a surge in extended weekend vacations.
'If the Bill and Melinda Gates Foundation cuts funds, there could be more impact.'
'Each state is unique, but when it comes to finance, the fundamentals cannot be different.'
The controlling shareholders of smaller and mid-sized companies are reducing their stakes at levels seldom seen since the 2008 global financial crisis. Over 20 per cent of companies listed on BSE MidCap and BSE SmallCap have seen a decline in promoter holdings for five consecutive quarters, reveals data from DSP Mutual Fund, shared with Business Standard. In the latest June quarter, the figure stood at 22.6 per cent.
'Health and motor insurance will continue to be our two most important segments'
A grooming branch network for servicing HNIs is a stepping stone for a full-fledged wealth management business.
The bank made a Rs 67 crore net profit, up 21% from the previous year. Its deposits grew 8%, the loan book 10%. Net bad loans dropped from 7.53% to 6.07%. So why was the banker, who headed the bank, not promoted?
As the strike by Samsung Electronics employees in Sriperumbudur on the outskirts of Chennai entered its 16th day, the company on Tuesday claimed that it is paying 1.8 times of the average salary that manufacturing workers in the region are getting. "At Samsung India, the welfare of our workers is our top priority. "The average monthly salary of our full-time manufacturing workers at the Chennai plant is 1.8 times the average salary of similar workers employed at other companies in the region,"a Samsung statement said.
'With a very stable technology with limited functionalities, a large network has spanned out.'
Do we have enough trained oncologists and medical professionals in India to man these over 4,500 beds in the public sector?
The US Trade Representative noted that India's average applied tariff rate stood at 17% per cent, the highest of any major world economy.
After registering a net profit of Rs 25.1 crore in Q3FY25 and consolidated revenues growing by 7 per cent on a like-for-like basis, Siddharth Mittal, chief executive officer (CEO) and managing director, Biocon, told Sohini Das/Business Standard in a virtual interaction that local manufacturing in the US is a trade off between cost and qualifying to do business there.
'Geopolitical stability could remove the crude oil risk premium.'
'In the past six months, capital markets have seen a dip, and realty is struggling. The stock-market investor will be cautious of putting that investment in real estate when there may be a slowdown coming.'
'Today's situation is unacceptable. It has the potential to affect the IAF's operational capability.'
'There is need for India-specific pricing.' 'Google, Microsoft and others also have different pricing.' 'It is important for OpenAI to think on these lines as the global pricing may not work in the Indian context.'
'It may take some time for them to get down to the details, such as the location and capacity.'
With Valentine's Day falling on a Friday, travel is picking up as people look for quick getaways.
Raymond Limited's real estate arm, Raymond Realty, plans to get listed during the second quarter of the next financial year (Q2FY26), according to Harmohan Sahni, chief executive officer (CEO), Raymond Realty. "We are expecting the order by June-July 2025 as far as the National Company Law Tribunal (NCLT) is concerned.
As battery prices drop, early customers of Tata Motors, which was the first mover in the passenger EV market, could feel let down.
'I certainly hope the two can avoid a trade war and believe they will.' 'I expect some in India will push for retaliatory tariffs if the Trump administration applies significant reciprocal tariffs.'
Some of the fintechs that will get impacted include Cred, Paytm, Phonepe and Amazon Pay, among others.
Industry insiders in India warn that any such move in the pharmaceutical sector could be counterproductive for the US as it may face increased drug shortages if tariffs are imposed on such imports.
Bengaluru-based Nestaway's co-founder Amarendra Sahu has filed an First Information Report (FIR) alleging fraud, cheating, forgery of documents and criminal intimidation against Tiger Global, Chiratae Ventures and Goldman Sachs, in a rare instance of a startup founder filing a criminal complaint against its investors. The investors have approached the Orissa High Court, seeking to quash the FIR filed in September last year with the Bhubaneswar Police. The next hearing of the matter is scheduled for January 9.
Among urban users, 57 per cent mentioned a preference for accessing Internet content in vernacular languages.
The share of companies where it would take over 100 years for a median employee to earn the equivalent of their top executive's annual salary rose to 65 per cent in FY24 from 61 per cent in FY19.
'I am more optimistic about India than before.'
'This is also a time when you realise that short-term trading and dabbling in derivatives may result in financial losses.'
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