Industry

Marico rating ‘buy’: Earnings trajectory is bound upwards

Fall in copra price to drive healthy Ebitda growth in H2FY19; EPS raised by 2-3% for FY20-21e; TP up to Rs 410 from Rs 360

Glenmark Pharmaceuticals rating ‘buy’: Domestic growth to stand out

FY19 EPS up 22% even as FY20F EPS is cut 14.9% due to expenses; TP raised to Rs 850

Icra lowers Jet Air long-term ratings

Credit rating agency Icra Friday downgraded cash-strapped Jet Airway's long-term ratings from 'B' to 'C', the second such action by it since October.

Riding into trouble: Uber need not be a new Pan Am

Uber has mirrored Pan Am’s meteoric rise, driving innovations that have reduced the cost of hailing a ride to the point that almost anyone can afford it, at times even cheaper than public transporta

Withdrawn! More than 270 Ahmedabad hotels withdraw boycott of MakeMyTrip, Goibibo

Around 270 hotels of the city, who had stopped taking bookings from two major online travel portals MakeMyTrip and Goibibo alleging heavy commission and indiscriminate discounts, have withdrawn their

Whopping 3.9 billion people are now using the Internet – Check this UN report

Some 3.9 billion people are now using the Internet, meaning that for the first time more than half of the global population is online, the United Nations said Friday.

Banking services on WhatsApp? These two banks will address debit card, credit card and account queries on the app

Facebook-owned WhatsApp messaging platform has recently launched a 'WhatsApp for Business' service, which uses software interaction in response to user initiation to send notifications like text messa

New RBI norms capping bank credit to increase top companies’ refinancing needs by Rs 4 trillion: Report

The new Reserve Bank guidelines on capping fund-based bank credit to corporate is expected to increase their refinancing needs to the tune Rs 4 trillion in the medium-term and up to Rs 7.83 trillion n

India Inc’s January-November M&A deal tally at $82 billion, claims report

Corporate India announced merger and acquisition (M&A) deals worth USD 2.3 billion in November taking the cumulative 11-month deal value to USD 82.1 billion.

LIC, GIC show interest in buying Air India building in Mumbai

Even as the government is yet to take a call on putting the 23-storeyed Air India Building in the tony Nariman Point business hub of south Mumbai on the block, many PSUs such as LIC and GIC have evinc

WOW air commences direct flight from New Delhi to Iceland – Check details

Iceland's low-cost long-haul airline WOW air, Friday started direct flights between the national capital and Reykjavik.

File affidavit on Tata Trust chief’s plea, Bombay HC to Shapoorji Pallonji

The Bombay High Court Friday sought the response of Shapoorji Pallonji Pvt Ltd in a petition filed by managing trustee of Tata Trusts R Venkatramanan seeking to quash a notice issued by a lower court

ITC logo, chairman YC Deveshwar’s name used in fake website

The logo of diversified conglomerate ITC Ltd as well as the name of its chairman Y C Deveshwar was used to open a fake website in an attempt to dupe people, police said on Friday.

Child porn videos: Not possible to remove content due to end-to-end encryption, WhatsApp tells SC

It would not be possible to remove any content from WhatsApp because of the end-to-end encryption technology, the messaging platform informed the Supreme Court.

Indians consume 190 minutes of video per day per user, shows BCG-CII report

In India, there are more than 30 digital platforms, along with a huge number of TV channels, with an average Indian consuming 10-15 channels per day and 2-3 applications in any given month.

GoAir offer: Last day today to grab flight tickets for just Rs 1,099; here are details

GoAir offer: It’s the last day today to grab GoAir flight tickets for just Rs 1,099. The 3-day sale began on December 5.

Vedanta case: Court panel extends hearing on smelter re-opening

India's environmental court said it will resume hearing Vedanta Ltd's case on Monday to decide whether to re-open the company's copper smelter, which was closed earlier this year after 13 people died

Financial sector regulations must reflect market dynamics, says Uday Kotak

Veteran banker Uday Kotak Friday called for an integrated regulatory framework as the financial sector moves towards an issuer-investor model from the saver-borrower model.

SoftBank seeks to assuage investors on pre-IPO mobile outage

The outages were caused by a problem with software supplied by Ericsson AB and impacted mobile phone users in 11 countries, including Britain and Japan, according to a statement by SoftBank.

Microsoft president Brad Smith cites India’s example to highlight benefits of facial recognition technology

Microsoft President Brad Smith has expressed optimism about the potential of facial recognition technology as he cited the example of India, where it helped in identifying almost 3,000 missing childre

Huawei launches first Mate series smartphone Mate 20 Pro; check price, specifications

Chinese tech giant Huawei has played its biggest bet in India by bringing in its first Mate series smartphone -- the Mate 20 Pro -- that costs a tad more than Samsung's latest flagship Galaxy Note 9.

Google starts rolling out gender specific translation to reduce bias

In a bid to reduce gender biases in its translation service, Google has started rolling out a feature that provides feminine and masculine translations for some gender-neutral words on the Google Tran

Microsoft CEO Satya Nadella calls for building Artificial Intelligence responsibly

Microsoft's Indian-American CEO Satya Nadella has called for building Artificial Intelligence (AI) responsibly while avoiding the race to the bottom, amid concerns over the use of the cutting-edge tec

Google to retire smart messaging app Allo after March 2019

Google has said its smart messaging app Allo will not work after March 2019 as the company focuses on improving its Android Messages app and video calling app Duo.

WhatsApp says child pornography vile, has no place on our messaging platform

WhatsApp on Friday said child pornography has absolutely no place on the messaging platform and that it takes action against the dissemination of such content, including banning of accounts, based on

No respite for Vijay Mallya: Now, Supreme Court refuses to stay ED proceedings against former Kingfisher boss

The absconding businessman Mallya approached the Supreme Court last week after Bombay High Court rejected his plea for a stay on the ED proceedings.

Suresh Prabhu seeks investments from global funds in domestic startups

Commerce and Industry Minister Suresh Prabhu Friday sought investments from global funds in startups from different sectors including infrastructure, agriculture and healthcare.

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