Dhirubhai may or may not have owned the government; it would seem his son wants to own the market, notes T N Ninan.
Vistara on Thursday said it is resuming hot vegetarian meals for its domestic economy class passengers replacing the pre-packaged snacks that were being served since May last year due to the COVID-related guidelines. The airline also announced new sets of in-flight meals for all classes - economy, premium economy, and business - on its domestic network. Aviation regulator DGCA had permitted airlines in August last year to serve or sell pre-packed snacks, beverages, and meals on all domestic flights.
The increasing involvement of Big Tech in the financial system could give rise to concentration risk and there are potential spillovers, which call for closer attention, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Tuesday. "...enormous amounts of consumer data is being generated and leveraged upon by a few entities (the so-called Big Tech) by virtue of their huge customer base. "Such developments raise concerns on concentration risk and potential spillovers as their level of engagement with the financial system strengthens in the years to come," Das said at the Global Fintech Fest 2022.
Despite the demonetisation of 2016 and the rise in digital transactions that followed, the economy's dependence on cash has remained as high as ever. So when the Reserve Bank of India (RBI) introduced a pilot project of its version of digital cash - called the central bank digital currency (CBDC) - on December 1, many questions were asked. Can the CBDC replace physical cash, even partially? Can it match cash in terms of convenience? Are CBDC transactions truly anonymous?
How Bajaj, Colgate, Raymonds, Zee lost out.. Strategic errors have hurt many companies, says adguru Sandeep Goyal.
Readers share tips and suggestions for restaurants.
With an epic battle of billionaires for supremacy in one of the world's most prolific markets and a pandemic-propelled surge in online shopping in the background, India's nearly trillion-dollar retail market is hoping to touch 85 per cent of the pre-COVID business in the first half of the New Year. In a year when the COVID-19 carnage ripped apart the retail business, circa 2020 will best go down for the unravelling of the war between Jeff Bezos, the world's wealthiest man, and richest Indian Mukesh Ambani for pre-eminence in the booming market that is estimated to reach $1.3 trillion by 2025. It all started with Ambani's Reliance Industries agreeing in August to buy assets of the nation's second-largest retailer for Rs 24,713 crore, just a year after Bezos' Amazon purchased an indirect stake in the indebted Future Retail.
Apple unveiled its highly anticipated iPhone 14 during its 'Far Out' event on Wednesday along with the iPhone 14 Plus variant, the iPhone 14 Pro and Pro Max. This new lineup is inspired by the iPhone 13, with sharp metal edges, rounded corners, a glass back, the recognisable notch at the top of the handset, and a lightning port.
The demand for gold has bounced back sharply in India from the lows seen in 2020 because of the outbreak of the Covid-19 pandemic, and has even beaten the pre-pandemic level. In the September quarter, the demand for gold jumped 47 per cent year-on-year (YoY) to 139.1 tonnes, as against 94.6 tonnes in the year-ago period, and higher than the 123.9 tonnes recorded in the pre-pandemic September 2019 quarter, the World Gold Council (WGC) said in its latest release. In value terms, demand surged 37 per cent year-on-year (YoY) to Rs 59,330 crore during the quarter.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The country's leading automobile show, the Auto Expo, which was scheduled to take place in February next year at Greater Noida, has been postponed due to the COVID-19 situation and apprehensions of a possible third wave, industry body SIAM said on Monday. The last edition of the biennial automobile show took place in February 2020. "The magnitude of the risk of spread of infection is extremely high in a business-to-consumer (B2C) show like the Auto Expo which is visited by large crowds and maintaining social distancing would be difficult.
After HCL Infosystems, another IT major Wipro has decided to shut down its manufacturing of computers and servers due to changing market scenario and consumer preferences.
According to a recent survey, 69.25% women stated that wearing a comfortable pair of lingerie helps them focus more on things around them and they feel more confident about themselves.
The maker of Pulsar and Discover reported a net profit of Rs 1,138.20 crore in the second quarter, compared to Rs 1,402.42 crore a year ago.
'It is less dependent on imported capital.'
India has taken up the issue of high oil prices with producer nations and OPEC, demanding affordable rates, Minister of State for Petroleum and Natural Gas Rameswar Teli told the Lok Sabha on Monday. Petrol and diesel prices have shot up to record highs across the country after relentless price increases since early May. Petrol is retailing above Rs 100 a litre in more than a dozen states.
Online shopping is the new buzzword amongst masses.
The introduction of the two new products is an indication of the importance of India as a market.
Distributing chana is easier than other varieties of pulses as it only requires cleaning and sorting and can be consumed whole; it was also abundantly available with Nafed.
E-commerce firms like Amazon, Flipkart, Myntra and others witnessed successful festive season sales this year, Experts say e-commerce adoption in the country is accelerating by multiple years or what it would have looked like in 2025.
The company captured just 2.4% of the mid-range smartphone market in India, a far cry from the 24.2% share Oppo's F3 commanded.
Wellness expert Roopashree Sharma answers your health queries.
For Q4CY20, PC shipments grew by 27 per cent year-on-year, said data from the IDC.
Employees across segments, including those involved in specialised jobs such as technology, compliance and risk management, have started leaving the bank fold in hordes, observes Tamal Bandyopadhyay.
For the second straight year, the gems and jewellery industry is set for almost a washout of business on Akshaya Tritiya as only about 10 per cent of pre-Covid sales of 2019 are expected on Friday amid the raging pandemic sapping footfalls and purchasing power of people.
'Valuations are very attractive, and most companies are cash-rich with strong dividend yields.'
Macroeconomic data announcement, Omicron situation and global trends will be the major driving factors for the equity market in the first week of the new year 2022, according to analysts. In what turned out to be a historic year, the Indian stock indices went past multiple milestones and the 30-share Sensex made an annual gain of 10,502.49 points or 21.99 per cent in 2021. Religare Broking Vice-President (Research) Ajit Mishra said, "This week marks the beginning of a new month and participants will be closely eyeing some crucial high-frequency data like monthly auto sales, India manufacturing PMI and India services PMI. "Besides, updates on the COVID-19 situation and performance of global markets will also be critical."
'As we expect the economy to continue to grow above the trend line, we expect capex decisions to be taken next year when there is more certainty about the cost of funding and the economy.'
Most producers have put off plans to make capital investments in their wineries, and implemented cost-reduction measures to conserve cash.
The firm has set its eyes on emerging categories such as juices and plans to develop a stronger total portfolio, participating across multiple categories.
in the last three months, brands such as Tata Starbucks, KFC, and Pizza Hut have launched drive-through or kerb-side delivery services at their restaurants to catch consumers nervous about dining in.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
Rediff reader Udai Singh Mehta, 41, Jaipur, Rajasthan tells us how he picks his outfit.
Rajesh Karkera tells you how to make the most of this fine drink.
The gems and jewellery industry is staring at a sales washout on Akshaya Tritiya for the second consecutive year as most of the states are under lockdowns due to the raging second wave of the COVID-19 pandemic which has led to negative consumer sentiment, say industry leaders. Akshaya Tritiya, considered as an auspicious day for buying gold and jewellery, falls on May 14 this year. India is the worst-hit among all nations with the second wave of the pandemic, which has been killing more than 3,500 daily and infecting close to 4 lakhs daily for weeks. The massive caseload has nearly paralysed the medical infrastructure.
'Who would think of making a bank of poor women? She had vision and boldness.'
Does the "story" of a Mani Ratnam film come first or does its "spirit" asks Sreehari Nair.
Why millennials are choosing silver over gold this Valentine's Day.
According to the ministry, "potentially dangerous or difficult situations" that are "to be expected" include use of Molotov cocktails (including by local people or militia), building collapse, falling debris, internet jamming, lack of electricity or food or water, exposure to freezing temperature, psychological trauma, injuries, lack of medical support, lack of transportation and face-to-face situation with armed fighters or military personnel.
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