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Brands turn to ‘character actors’

Likes of Pankaj Tripathi and Gajraj Rao are the new favourites
Character actors often get typecast in films and these stereotypes are reinforced through ads

March quarter: Wipro beats Street estimates

Gives revenue growth guidance of 2-4% for June quarter

On a constant currency basis, the IT services segment revenues grew 3% q-o-q.

Auto-debit bounces ease in March, but stay above pre-Covid levels

The share of unsuccessful auto-debit requests in volume terms eased from 36.65% in February.

Bounce rates of anything above 25% remain a cause for concern as it shows retail delinquencies remain well above pre-Covid levels.

Flipkart to acquire online travel firm Cleartrip valued at $40 million

Cleartrip has trailed in market share in the domestic online travel space which is led by MakeMyTrip. The firm’s West Asian business has rather been more profitable compared to the India business, s

For Flipkart, the addition of Cleartrip is a step towards business diversification. It will open up new avenues of monetisation for the company, said Arpit Mathur, partner at Kearney.

Covid-19: Tika Utsav doesn’t do the trick, vaccination levels remain low

It is not clear whether the slowing in the vaccination drive — it reached a high of 4.5 million on April 5 — is due to the shortage of vaccines or whether it is due to vaccine-hesitancy, which is

March quarter: Infosys reports sedate numbers

Gives revenue guidance of up to 14% for FY22

Infosys’ ebit margin of 24.5% was lower by 100 basis points sequentially the result of wage hikes while the ebit (earnings before interest and tax) came in at Rs 6,440 crore.

Non-food credit growth slips below 6%

In a report earlier this month, analysts at Kotak Institutional Equities (KIE) pointed out that corporate loan growth has been in negative territory since September 2020.

The fall in corporate borrowing has also been weighing on loan growth.

New structure: Bharti does a Jio, gives digital primacy

Airtel Payments Bank will remain a separate entity under Bharti Airtel and work closely with the growing customer base to play a pivotal role in realising the digital opportunity that payments and fin

Bharti said in a statement on Wednesday that the new structure is expected to sharpen the focus of the company in driving the rapidly digital opportunity while enabling it to unlock value.

Green hydrogen auctions, purchase obligations in the offing

Sources said plans were also afoot to make it mandatory for user industries like fertilisers and petroleum refineries to purchase 10% of their hydrogen requirements from domestic green hydrogen source

Apart from industrial use, hydrogen technology can also be used to store electricity and potentially to run vehicles.

Monsoon session: Govt to amend key PSB privatisation laws

As many as 14 private banks were nationalised in 1970 by the Indira Gandhi government, followed by another six banks in 1980.

The plan, according to official sources, is to opt for amending the relevant laws in one go, so that the process of PSB privatsiation is not hindered by legal hurdles.

Setback for lenders: NCLAT rules govt dues to be cleared before spectrum sale

In an order which will have adverse consequences for lenders of bankrupt telecom operators, the National Company Law Appellate Tribunal on Tuesday ruled that spectrum can be transferred as part of ins

Air India sale: Suitors asked to place financial bids

The government has started the process of inviting financial bids for state-run Air India (AI), moving a step closer to the national carrier’s privatisation, which is expected to be completed by Sep

Centre’s tax revenue grows in pandemic year

Post-devolution, Centre nets Rs 14.2 lakh crore in FY21, up 5% on year

WhatsApp Pay remains in the slow lane four months since November launch

Unified Payments Interface (UPI) transactions through WhatsApp remained tepid in March, four months since the feature went live for 20 million users on the messaging app.

whatsapp

Covid-19: India fast tracks vaccine imports, pricing unclear

The government on Tuesday moved to fast-track the import of a new lot of vaccines, including ones made by Pfizer, Moderna and Johnson & Johnson, but details on the pricing and procurement of these vac

coronavirus vaccination

IIP falls 3.6% in Feb, CPI inflation hits 4-month high

Contraction in industrial output widened to 3.6% year-on-year in February from 1.6% in the previous month, while retail inflation in March scaled a four-month peak of 5.52%, according to official data

IIP and Retail Inflation

March quarter: It’s a $9.2-billion order win for TCS

TCS on Monday reported a strong set of numbers for the March quarter announcing order wins worth a stupendous $9.2 billion.

‘We saved Rs 30,000 crore via conciliation, FASTag boosting toll receipts’: NHAI chairman Sukhbir Singh Sandhu

Awards of new projects in the year was also at a three-year high. The authority is yet to fix the targets for the current fiscal, but these are expected to be ambitious too.

Telecom PLI guidelines: DoT will shortlist firms based on competitive investment

Higher the amount a company commits, better the chances of getting selected

Large CPSEs post record capex of 4.6 lakh crore in FY21

In FY21, state governments have developed cold feet in sustaining the capex tempo, but CPSEs, despite an erosion of their cash surplus and profits in a slowing economy, largely maintained the pace, th

Corporate profits are also getting a boost from the huge cost-cuts, but that is hurting the larger economy.

Infosys to consider share buyback on April 14

It also announced a buy-back in early 2019 for an amount of Rs 8,260 crore and bought back 11.05 crore share at an average price of Rs 747.38 per equity share.

Infosys completed its first buyback of Rs 13,000 crore in December 2017, comprising 11.3 crore equity shares at a price of Rs 1,150 per share.

Large Public Sector Banks speed up digitisation in the post-merger new normal

PSBs had a large customer base even before the mergers took place over the last few years, but the expansion in that base helps justify the cost of digitisation.

For PSBs, the need to change has become even more relevant as the mergers have expanded their scale and competition from tech-oriented players has only intensified.

Jobs 2021: More temporary staff in demand, fewer permanent jobs on offer

According to Alok Kumar, senior director, Manpower, such senior professionals are taken on as consultants for specific projects for a specific period.

Covid-19 has forced companies to re-invent themselves to come up with new business models and that is pushing companies to experiment with temporary staffing.

Over Rs 35,000-crore export aid held up amid trade recovery

The RoDTEP scheme is on a “solid-footing” and is in sync with best global practices, so the government shouldn’t worry about any challenge at the WTO, Sahai asserted.

Inordinate delay in release of these funds could accentuate a Covid-induced liquidity crunch, limiting exporters’ capacity to ramp up supplies even as demand from key markets has improved, they added.
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