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Consumer discretionary categories barring jewellery, travel staring at moderating growth
Despite a promising start to the festive season, most sectors, excluding jewellery and travel, seem to have hit the snooze button, as per a report released by HDFC Securities.
Several factors contribute to this, including the…
RBI issues draft norms for dividend declaration by banks
The Reserve Bank of India (RBI) on Tuesday came out with draft norms on declaration of dividend by banks and remittance of profits to head office by foreign bank branches in India.
The RBI circular explains the detailed…
Goldman Sachs cuts India’s CAD forecast for current fiscal to 1% of GDP
Goldman Sachs has lowered its projection for India’s current account deficit in 2023-2024 to 1 per cent of GDP from 1.3 per cent earlier as the US bank expects services exports to rise further while crude oil prices are expected to fall…
upGrad’s KnowledgeHut CEO quits, company appoints new head
Founder and Chief Executive Officer (CEO) of upGrad-owned edtech company Knowledgehut Subramanyam Reddy has resigned after serving nearly 13 years at the company.
Following his departure, the company appointed Asheesh Sharma as…
Vedanta, Gujarat Alkalies to jointly explore opportunities in caustic-chlorine businesses
Vedanta Ltd and Gujarat Alkalies and Chemicals Ltd (GACL) have inked a Memorandum of Understanding (MoU) to explore business opportunities in caustic-chlorine and allied businesses.
In a regulatory filing, the two companies…
Adani Ports handled 35.65 MMT cargo in Dec ’23
The Adani Ports and Special Economic Zone Ltd (APSEZ) closed December 2023 by handling 35.65 MMT of cargo volumes, resulting in a strong 42 per cent year-on-year (YoY) increase.
Dry bulk cargo handling was up 63 per cent, while…
CCI okays Punjab State Power Corporation’s acquisition of GVK Power plant
The Competition Commission of India (CCI) has approved the proposed acquisition of 100 per cent shareholding of GVK Power (Goindwal Sahib) Limited by Punjab State Power Corporation Ltd.
Punjab State Power Corporation Ltd, is a…
New Covid variant scare: K’taka minister says no need to panic
Allaying the fears over the increasing number of cases of Covid-19 sub-variant JN.1 in Karnataka, Minister for Medical Education, Sharan Prakash Patil on Tuesday said that there was no need to panic and urged people to take precautionary…
UJ Students Claim Assegai Award for Innovative MaXhosa X Nike Strategy Infused with AI
Eight final-year students specialising in PR and Communications from the University of Johannesburg’s (UJ) Department of Strategic Communication secured a Gold DMA Assegai award in the student category. The prestigious Direct Marketing…
Surya Namaskar Demonstration attracts the presence of hundreds of Yoga enthusiasts at MDNIY
Morarji Desai National Institute of Yoga (MDNIY), Ministry of Ayush organised mass Surya Namaskar demonstration on January today at MDNIY, which attracted hundreds of Yoga enthusiasts from diverse walks of life.
The event was graced by…