Patanjali’s Balkrishna admits FMCG slowdown, but Baba Ramdev’s firm remains hopeful of recovery

The rural slowdown has claimed its latest victim in Baba Ramdev's Patanjali.

Industry News

Boost for highly-skilled immigrants: Donald Trump to replace green cards with ‘Build America’ visa

US President said "you will get more points for being a younger worker, meaning you will contribute more to our social safety net. You will get more points for having a valuable skill, an offer of emp

green card, green card holder, green card USA, green card visa, donald trump, build america visa, , green card updates, green card news, highly skilled workers, green card for indians News

No chicken dinner? High on Chinese patriotism, PUBG stand-in leaves gamers livid

Tencent pulled popular but gory PlayerUnknown’s Battlegrounds last week and swapped it out for the toned-down Game for Peace

Industry News

Unholy alliance? Microsoft, Sony strike pact for gaming ahead of Google Stadia rollout

At the same time, as Microsoft, Sony face rivals such as Alphabet Inc.’s Google, Apple Inc. and Inc., Sony will want cloud horsepower to run its services

Industry News

WhatsApp alert: Profile pictures can no longer be saved to phone

WhatsApp profile pictures are set to get more security with the new rule

Industry News

Huawei’s HiSilicon says it has long been preparing for US ban scenario

The ban has thrown into disarray prospects for sales at some of the largest tech companies and drew a sharp rebuke from Beijing, further ratcheting up tensions over trade.

Huawei Technologies, HiSilicon, US ban on Huawei Technologies, Beijing, United States, TSMC, ZTE Corp News

Silicon Valley-based IT firm sues US government for denying H-1B visa to Indian professional

Xterra Solutions alleged in its lawsuit that the US Citizenship and Immigration Services (USCIS) improperly denied H-1B visa to Praharsh Chandra Sai Venkata Anisetty, 28, whom it had hired as a Busine

H1B visa, US government, Indian professional, H1B petition, H1B visa application, latest updates on H1 b visa, Silicon Valley News

Tit for tat: US suspends self-handling rights of Indian airlines

The US has ordered the suspension of self-handling rights of Indian carriers at American airports, retaliating under a bilateral air services agreement against denial of similar concession to US passe

For its part, India has asked the US to refrain from implementing the order. News

All is well, says Indigo as promoters feud; market doesn’t buy ‘growth on track’ story

Market & analysts don’t buy ‘growth on track’ story; the two moving NCLT can’t be ruled out.

IndiGo currently has a 47% market share in the domestic passenger market. News

Anti-profiteering mechanism: Slew of stay orders by high courts expose NAA lacunae

A review by FE revealed that at least five firms have got reliefs from the high courts, in what allowed them to defer coughing up an aggregate amount of Rs 430 crore.

The NAA, the apex payer of the three-tier anti-profiteering mechanism which includes state-level screening committees and a standing committee at the national level, was approved by the Cabinet in November 2017. (Illustration: rohnit phore) News

PNB scraps housing finance arm deal with Varde, General Atlantic

Punjab National Bank (PNB) on Thursday said it has terminated the share purchase agreements (SPAs) made with Varde Holdings and General Atlantic for a 13% stake sale in PNB Housing Finance, which was

According to latest shareholding pattern on the BSE, PNB holds a 32.79% stake in the housing finance firm. News

Lok Sabha polls spur cane payment to UP farmers, yet arrears too high

Cane payment to farmers in electorally-sensitive Uttar Pradesh — the epicentre of the sugar sector crisis — picked up pace since the poll dates were announced by the Election Commission but the ar

Cane crushing started around mid-November 2018 in UP and mills are still purchasing the raw material, although the peak crushing season was over by end-April. News

Bajaj Finance PAT grows 57% in Q4 despite challenging conditions faced by NBFCs

Bajaj Finance Ltd (BFL) has reported another strong quarter with its highest ever quarterly profit after tax, which grew 57% y-o-y to Rs 1,176 crore during Q4FY19 despite challenging conditions faced

Bajaj Finance PAT grows 57% in Q4 despite challenging conditions faced by NBFCs (Website image) News

Back in the black: Bank of India swings to profit in Q4 with Rs 252 crore

The bottom line was driven by strong net interest income growth and a sharp drop in provisioning for bad loans. The state-run lender witnessed a 57.72% y-o-y rise in net interest income (NII) to Rs 4,

BOI shares ended up 1.94% for the session, following the earnings announcement, settling at Rs 81.65 per share. News

Mastercard targets 10 million merchants in India by 2020

Mastercard, which has announced an investment of $1 billion in India over the next five years, said it expected the existing headcount to double from 2,000 to 4,000.

Mastercard has also worked with the Confederation of all India Traders’ 70 million merchants and traders to enhance awareness and adoption of digital payments. News

Grofers, BigBasket net almost 60% of GMV sales via subscription

The study shows that while the average order value (AOV) of regular customers of these platforms stands at around $16, AOV of subscription-based paid members is higher at $25.

Grofers, which is banking on its low-priced FMCG (fast moving consumer goods) private labels to drive its second phase of growth News

Hindalco profit declines 18% to Rs 506 crore; hurt by weak operating environment, higher input cost

Weak operating environment, higher input costs hurt standalone profit; MD Satish Pai reiterates Aleris acquisition on track.

Hindalco profit declines 18% to Rs 506 cr News

Essar Steel case: Rs 2,500 crore in Arcelor’s bid for working capital: CoC to NCLAT

Lenders to the debt-ridden Essar Steel on Thursday told the National Company Law Appellate Tribunal (NCLAT) that ArcelorMittal’s Rs 42,000-crore resolution plan includes Rs 2,500 crore as working ca

The Rs 2,500 crore is the minimum guarantee to the creditors of Essar Steel irrespective of whether the company is profit- or loss-making during the pendency of the insolvency resolution process News

Jet Airways sale: SBI Caps rules out Darwin as potential investor

SBI Capital Markets, the appointed consultant for Jet Airways sale, is unlikely to consider the Darwin Group’s proposal to invest in the airline.

Jet Airways was grounded on April 17 after the lenders rejected its request to provide emergency funding. News

Life insurers post 37% growth in new biz premiums, private players continue to grow faster than LIC

New business premiums of life insurance companies in April stood at Rs 9,981.88 crore, showing 37% growth over the same month a year ago.

Private players continue to grow at a faster pace as compared to Life Insurance Corporation of India News

Manappuram Finance to buy Manappuram Asset Finance

Non-banking finance company Manappuram Finance on Thursday announced that it had got approval to take over the promoter-led entity Manappuram Asset Finance Ltd (MAFIN).

The Kerala-based lender reported a full-year consolidated net profit of Rs 919.87 crore, a sharp increase of 36% over the previous year. News

Maharashtra coop bank to scale up retail operations

Maharashtra State Cooperative Bank (MSC) has entered retail operations and plans to scale up this business through a merger with a couple of urban cooperative banks based in Mumbai and Pune.

The bank has reported a net profit of Rs 316 crore for the financial year ended March 31, 2019 News

JSW Energy turns profitable in Q4 as operating margins rise

JSW Energy, which on Thursday announced its consolidated earnings for the January-March quarter of 2019, missed Bloomberg consensus estimates for both net profit and revenues.

JSW Energy turns profitable in Q4 as operating margins rise News

Hyundai India enters car leasing, collaborates with ALD Automotive

The benefits of leasing to the customers include no upfront cost, no financial risk, efficient tax management, easy upgradation and no maintenance and insurance hassles.

The lease will be made available across the entire Hyundai India product line-up at an extremely attractive monthly lease rental. News

‘OTT has not negatively impacted Dish TV India’s VAS offerings’

Dish TV’s foray into the digital video space with OTT app Watcho, although belated, is aimed at making the DTH service provider a complete digital entertainment platform.

ANIL DUA, Group CEO, Dish TV India and AKASH TYAGI, Head – OTT, Dish TV India (Image: TASHI TOBGYAL) News

Take 5: Vasuta Agarwal, Managing Director, Asia Pacific, Inmobi

I recently read The Everything Store and The House that Jack Ma Built — both inspiring stories of how these huge e-commerce empires in the West and the East, respectively, says Vasuta Agarwal, Manag

Vasuta Agarwal, Managing Director, Asia Pacific, InMobi News

Cherry Blossom tries to make shoe polish relevant in today’s times

Cherry Blossom tries to make shoe polish relevant in today’s times

In the three decades since the iconic Charlie Chaplin ad, people don’t harbour such feudal beliefs anymore, and no longer feel the need to polish shoes either. News
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