The Economic Times

1/9/2023: The Economic Times: RCap Lenders Decide to go for Fresh Auction

Mumbai: Reliance Capital’s lenders have proposed holding a fresh auction next week at a minimum bid threshold of `9,500 crore for the Anil Ambani-founded financial services firm that’s undergoing bankruptcy resolution, two people aware of the...

1/9/2023: The Economic Times: Customs Duty on 35 Items may be Hiked in Budget

New Delhi: India has drawn up a list of over 35 items that are being examined for a possible customs duty increase in the upcoming budget, scheduled to be announced on February 1. Private jets, helicopters, highend electronic items, plastic goods,...

1/9/2023: The Economic Times: Rel Consumer to Focus Equally on Full FMCG Range, Backend Sourcing

Kolkata: Reliance Industries (RIL) aims to build an integrated fast-moving consumer goods (FMCG) company with plans to enter almost every product category and an equal focus on backend sourcing, according to a regulatory filing. Newly floated FMCG...

1/9/2023: The Economic Times: ‘Carbon Credit trade may Begin in July-Sept’

India could look at the first trade of carbon credits in July-September, while the registry for credits could be completed in the next 3-4 months, power secretary Alok Kumar said. He also said measures are being taken to meet higher power demand in...

1/9/2023: The Economic Times: ‘Madhya Pradesh Will Contribute $550 B by ’26 to India’s $5T Goal’

Madhya Pradesh CM Shivraj Singh Chouhan tells Kumar Anshuman in an interview that the state’s economy would grow to $550 billion by 2026. He also spoke on fiscal management, investment plans and employment generation.

1/9/2023: The Economic Times: Vested Esops: 170,676 Shares to be Delhivered

Delhivery’s stakeholder relationship committee has approved allotment of 170,676 shares against the exercise of vested employee stock options granted under its Esop plan of 2012 and 2020, the firm said in a regulatory filing.

1/9/2023: The Economic Times: PMO Directs U’khand to Ensure Safety of Joshimath Residents

The Prime Minister’s Office asked the Uttarakhand government to take immediate action to ensure safety of Joshimath residents, establish clear and continuous communication and arrest deterioration in the situation.

1/9/2023: The Economic Times: IL&FS Clears ₹1.3kcr Dues of Canara, Others

In second payout from defunct Infrastructure Leasing & Financial Services (IL&FS), a clutch of lenders led by Canara Bank have received close to ₹1,300 crore out of their dues totalling ₹1,500 crore.

1/9/2023: The Economic Times: FPIs Dumped Indian IT Stocks Worth ₹72,000 cr in 2022

Foreign portfolio investors (FPIs) consistently reduced their exposure to Indian IT stocks in 2022, while they bought shares of metals, mining, constrictions, and oil & gas, according to data compiled by Primeinfobasel.com. FPIs’ exposure to IT sector...

1/9/2023: The Economic Times: Swan Energy Plans Big After Rel Naval Buy

Swan Energy, which acquired Reliance Naval, plans to turn itself into the biggest private player in the manufacture of naval defence and oil & gas vessels,

1/9/2023: The Economic Times: Indian Bank to hold Lanka Vostro A/cs

Indian Bank is expected to activate special rupee vostro accounts of three banks from forex-starved Sri Lanka in about a week.

1/9/2023: The Economic Times: Apple Starts India Hiring for Retail; Flagship Stores on Way, say Experts

Apple Inc has put out job listings for store leaders, market leaders, and managers for ‘Apple Retail’, with some positions already filled in. This is a clear indication, experts say, that the iPhone manufacturer is readying to launch its flagship...

1/9/2023: The Economic Times: ■ PoK, Pak-based Websites Behind Threat to Pandits: Officials

1/9/2023: Pure Politics: Russian Shipment for Bangladesh Nuclear Plant Docks at Haldia Port

New Delhi: India has come to Bangladesh’s rescue by allowing shipment from Russia for Rooppur Nuclear Power Plant (NPP) to dock at Haldia port amid the Sheikh Hasina government’s apprehensions regarding receiving a sanctioned Russian ship following...

1/9/2023: Pure Politics: ‘Yatri’ Rahul Strikes Spiritual Note In Kurukshetra

New Delhi | Kurukshetra: Congress leader Rahul Gandhi said on Sunday that the battle between Congress and RSS-BJP was not “a political fight” but one of “Congress tapasya (spiritual meditation)” versus “RSSBJP puja (ceremonial worship).” He likened...

1/9/2023: Pure Politics: HP gets 7 Ministers After Almost a Month

Shimla | New Delhi: Congressruled Himachal Pradesh on Sunday got seven Cabinet ministers, almost a month after chief minister Sukhwinder Singh Sukhu and deputy chief minister Mukesh Agnihotri took oath. Among the ministers sworn in by governor Rajendra...

1/9/2023: Pure Politics: Pakistan Set to Dispatch 159 Containers of Ammunition to Ukraine

New Delhi: Pakistan is planning to dispatch 159 containers of ammunition including projectiles and primers to Ukraine via a port in Poland this month, according to people aware of the matter. A Pakistani shipping and brokerage firm, Project Shipping,...

1/9/2023: Pure Politics: Bommai asks Min to Resolve Panchamasali Lingayats’ Quota Demands Speedily

Bengaluru: Karnataka chief minister Basavaraj Bommai has asked his Cabinet colleague Murugesh Nirani to find a speedy resolution to the demands of Panchamasali Lingayats for reservation under the 2D category, seeking to rein in the ongoing agitation by...

1/9/2023: Pure Politics: 2 Infiltrators Killed Along Poonch LoC, says Army

Srinagar: The Army said it killed two heavily armed infiltrators along the Line of Control (LoC) in Poonch district of Jammu on Saturday night. The forces deployed along LoC noticed suspicious movement in Balakot sector ahead of the border fence. They...

1/9/2023: Pure Politics: EAM: Indian Diaspora Most Talented

INDORE: External affairs minister S Jaishankar on Sunday heaped praise on the Indian community living abroad, saying that it is the largest and most-talented diaspora in the world. In the inaugural address at the Youth Pravasi Bharatiya Divas here,...

1/9/2023: Pure Politics: India Provides 75 Buses to Sri Lanka

COLOMBO: India has handed 75 passenger buses to Sri Lanka as part of its assistance towards strengthening public transport infrastructure in the cash-strapped country. India has extended multi-pronged assistance to Sri Lanka to help the country tide...

1/9/2023: Pure Politics: One NDRF team and four

teams of its state counterpart, SDRF, have reached Joshimath Border management secretary and all four members of National Disaster Management Authority to reach area today They will advise on short, medium, longterm action plans

1/9/2023: Pure Politics: Tunneling Should be Stopped: Rawat

JOSHIMATH: Raising serious concerns over the land subsidence incident in Uttarakhand’s Joshimath, Former Uttarakhand CM Harish Rawat on Sunday said if tunneling was leading to weakening structure then it must be stopped immediately, adding that a...

1/9/2023: Pure Politics: Previous Auction

All offers for Reliance Capital have thus far been below the `12,50013,000 crore liquidation value. At the previous auction, the minimum threshold price was fixed at `6,500 crore on an NPV basis. Torrent emerged as the highest bidder, offering `8,640...

1/9/2023: Pure Politics: ‘No Private Brands Any More’

Reliance Consumer Products also said it would enter dairy, agrobased products, animal husbandry, processing and others. RCPL has also appointed four directors to its board. They include holding company Reliance Retail Ventures Ltd managing director V...

1/9/2023: Pure Politics: Part of Long-term Strategy

Policymakers are also keen to discourage the import of non-essential goods as part of the long-term strategy to encourage local manufacturing. New Delhi has for the past few years raised customs duties on several goods to back its Make In India...

1/9/2023: Pure Politics: SHIVRAJ SINGH CHOUHAN

TASKFORCE FOR PM’S GOAL We built a taskforce for PM ’s goal of a $5 trillion economy and how can MP contribute to it. Several experts sat together and a realistic goal assessment was done

1/9/2023: Around The World: China Reopens Borders in Final Farewell to Zero-Covid

Hong Kong/Beijing: Travellers streamed into China by air, land and sea on Sunday, many eager for long-awaited reunions, as Beijing opened borders that have been all but shut since the start of the COVID-19 pandemic. After three years, mainland China...

1/9/2023: Around The World: Crossword

ACROSS 1 I blame Moira for smashing collectable objects (11) 9 Cromwellian prig (7) 10 What driver must pay staff hiring a cab briefly (4,3) 11 Eccentric old religious scholar (3) 12 Fabulous creature’s foreign coin found in vessel (7) 13...

1/9/2023: Around The World: ‘Listen to People on this Side,’ Migrants in Mexico Say as US President Visits Border

Ciudad Juarez, Mexico: Venezuelan migrant Julio Marquez sells lollipops near the border in northern Mexico’s Ciudad Juarez, holding a cardboard sign scrawled with marker: "Help us with whatever comes from your heart." He has the same message for US...

1/9/2023: Around The World: Russia Claims it Killed Hundreds of Ukrainian Troops in the East

Russia's defence ministry said on Sunday it had killed more than 600 Ukrainian servicemen in a massive rocket strike on two buildings in eastern Ukraine temporarily housing Ukrainian forces. Reuters could not immediately verify the defence ministry's...

1/9/2023: Around The World: Twitter Cuts More Content Moderation Jobs

Twitter Inc, under new owner Elon Musk, has made deeper cuts into its already radically diminished trust and safety team handling global content moderation, as well as to the unit related to hate speech and harassment, according to people familiar with...

1/9/2023: Around The World: Virgin Orbit Set for Historic Satellite Launch from Britain Today

The first orbital satellite to set off for space from western Europe will be launched from Cornwall in southwest England on Monday. Virgin Orbit, part-owned by billionaire Richard Branson, who founded the Virgin Atlantic airline, plans to use a...

1/9/2023: Around The World: ‘UK PM, 15 Ministers at Risk of Losing Seats in 2024 Elections’

London: British PM Rishi Sunak and 15 of his Cabinet ministers are at risk of losing their seats in a general election “wipeout” in 2024, according to a media report citing a new polling data. Senior Tory figures including Prime Minister Sunak, deputy...

1/9/2023: Around The World: Sunak Tells Health Leaders Bold Approach Will Fix NHS

London: UK Prime Minister Rishi Sunak told a gathering of health and social-care leaders that a “bold and radical approach” is needed to end the crisis at the country's National Health Service. Sunak hosted a “recovery forum” of health professionals...

1/9/2023: Around The World: Prince Harry to Defend Scandalous Memoirs in TV Interviews

Prince Harry will discuss his memoirs in television interviews after the book’s explosive revelations about royal rifts, sex and drugs cast doubt on his future in the British royal family. The 38-year-old prince’s ghost-written book Spare was widely...

1/9/2023: Around The World: Iraq Apologises after Chaos at Regional Football Tourney

Iraq has apologised to its neighbour Kuwait after a scuffle in the VIP section prevented the Kuwaiti emir’s representative from attending opening ceremonies at the Gulf Cup football tournament. Matches are taking place in the city of Basra, near...

1/9/2023: Around The World: Thai Princess Remains Unconscious from Severe Arrhythmia

Thai Princess Bajrakitiyabha Narendira Debyavati remains unconscious more than three weeks after she collapsed due to a heart condition, the palace said. Treating physicians have concluded she had a severe arrhythmia due to inflammation of the heart...

1/9/2023: Around The World: Demand for Indian Generics Skyrockets

Beijing: The demand for Indian generic drugs has shot up in China amid the massive Covid surge in the country. China's National Health Security Administration said on Sunday that Pfizer's Paxlovid oral medication could not be included in the “register...

1/9/2023: Around The World: SOLUTION TO No. 8550:

ACROSS: 1 Moralist. 5 Abacus. 9 Fumigant. 10 Sewing. 12 Late. 13 Recompense. 15 Accompaniment. 19 Pyramid scheme. 23 Off-licence. 25 Item. 28 Tribal. 29 Honeybee. 30 Day bed. 31 Beverage. DOWN: 1 Muffle. 2 Remit. 3 Lego. 4 Sunbeam. 6 Bleep. 7...

1/9/2023: Around The World: LEADER BOARD

HIDATO Chaitra Rajan Pune Pavitra Delhi 7 LITTLE WORDS Bharat Parekh Bengaluru Jaswanth Chowdary Mumbai

1/9/2023: Companies: Pursuit Of Profit: Air India’s Response Should have been Much Swifter: Tata Chief

New Delhi: Air India’s response should have been swifter, Tata Sons chairman N Chandrasekaran said on Sunday, adding the airline could have handled the incident better. He was referring to the incident of November 26 on a New York-Delhi flight, in...

1/9/2023: Companies: Pursuit Of Profit: Former Fairfax India Head, Kingfisher Veteran Plan Regional Airline Fly91

Mumbai: The man who set up the India business of Prem Watsa’s Fairfax Group and an aviation veteran from Vijay Mallya’s once five-star carrier Kingfisher Airlines are coming together to set up a regional carrier in the country. The airline, Fly91 (91...

1/9/2023: Companies: Pursuit Of Profit: Dr Lal PathLabs to Ramp Up Ops in Western India

Mumbai: Dr Lal PathLabs, India's largest diagnostic chain, is eyeing a leadership position in Western India, a market the company is investing significantly. Its subsidiary Suburban Diagnostics has opened its largest reference lab in Vidyavihar,...

1/9/2023: Companies: Pursuit Of Profit: Walt Disney Unit Acquires Hotstar’s US Biz for `178 crore

Mumbai: Star India-controlled Novi Digital Entertainment, which operates the Disney+ Hotstar streaming platform, sold its US business to Buena Vista Video on Demand (BVVOD), a unit of Walt Disney, for `178.13 crore. Disney+ Hotstar, which was called...

1/9/2023: Companies: Pursuit Of Profit: ‘Airlines in India to Add over 100 Planes a Year to Fly 412 m People’

New Delhi: As IndiGo has expanded its fleet to 300 aircraft, the country’s airlines’ fleet is likely to add over 100 aircraft every year till the next few years as per the expected growth in the aviation sector. Civil aviation ministry officials said...

1/9/2023: Companies & Economy: Global Car Cos Upbeat about Faster Adoption of Luxury EVs in India

Mumbai: Global luxury carmakers in India see adoption to electric vehicles making a rapid stride in the segment as compared to the mass car market and expect the penetration to be much faster — 10-15% by the end of 2023 and almost 50-60% by the end of...

1/9/2023: Companies & Economy: Discoms’ Outstanding Dues to Gencos Nearly Halved to `62,681 crore in Jan

New Delhi: Total outstanding dues owed by electricity distribution companies (discoms) to power producers almost halved to `62,681.68 crore in January, compared to `1,21,030 crore in same month in 2022. Experts said this substantial reduction in the...

1/9/2023: Companies & Economy: SUITS & SAYINGS Postcard After Takeover

The posh boutique resorts run by this former big shot at India’s premier hospitality group saw this suave Wall Street boss and columnist, and the first couple of Indian television, who have been in the thick of takeover news recently, drop in. They and...

1/9/2023: Companies & Economy: Neu Role

Even though the news of this maverick startup founder stepping away from day-today operations of this muchhyped new commerce venture at one of India’s top conglomerates trickled out in recent weeks, group insiders have been wondering about his...

1/9/2023: Companies & Economy: From Gaon to Assagaon

Pollution or otherwise, the mass migration from Delhi to the sunny beaches of Goa happens all year round, but from Christmas to New Year it becomes a stampede. This year was no exception — several business leaders from the Capital embraced susegaad,...

1/9/2023: Companies & Economy: JSPL to Invest `1.5kcr to Make Monnet Power Operational: MD

New Delhi: Jindal Steel and Power (JSPL) will invest up to `1,500 crore to make recently-acquired Monnet Power operational, its managing director Bimlendra Jha said. The investment will be made over the period of the next 12 to 18 months, he said. In...

1/9/2023: Companies & Economy: Rock-y Relations

An Indian precious stone — the world’s largest cut blue diamond — that once belonged to the sultan of the Ottoman Empire is at the centre of a multimillion dollar lawsuit in London. Factions of the Qatari royal family are scrambling to capture this 70...

1/9/2023: Companies & Economy: Rough Landing

The Air India saga involving an inebriated executive and a shocked senior citizen has been headline news. Wells Fargo, the offenders’ current employer, has sacked him for his in-flight misdemeanours and the person has been sent to judicial remand for...

1/9/2023: Companies & Economy: Sweet Nothings

In Indiranagar’s haloed unicorn district, the legend of the gulab jamun served at the canteen of this quick commerce startup is acquiring iconic status, much like nearby tourist favourite Rameshwaram Cafe. The company backed by a Silicon Valley tech...

1/9/2023: Et Markets: TCS Likely to Report Margin Gain Amid Muted Revenue Growth for Oct-Dec

ET Intelligence Group: Tata Consultancy Services (TCS) is expected to report a 1.1% sequential growth in revenue at $6,949.5 million for the December quarter, according to the average of estimates by ETIG and five brokerages. The December quarter...

1/9/2023: Et Markets: Index Fund Assets More than Double in a Year

Investors have shown an increased preference for index funds in the last year. As per data from Association of mutual funds of india (AMFI), assets under management (AUM) of index funds that include both debt and equity schemes more than doubled to...

1/9/2023: Et Markets: Optimism Makes a Comeback on Wall St on Hopes of Soft Landing

There wasn’t much sunshine in the stack of Wall Street forecasts that predicted 2023 would bring a global economic contraction and rough going for risk assets. But as January trading picks up steam, a small cadre of optimists is breaking away from...

1/9/2023: Et Markets: Nifty may Trade in 17,777-18,250 Range

Indian equities might advance on Monday, snapping their three-day losing run, after the US markets rallied on Friday, cheering the lowerthan-expected jobs data in December and the contraction of the country’s services industry activity during the...

1/9/2023: Et Markets: FPIs Withdraw `5,900 crore from Equities in a Week

New Delhi: Foreign investors offloaded nearly `5,900 crore from the Indian equity markets in the first week of January on growing concerns over the re-emergence of Covid in some parts of the world and recession worries in the US. Foreign Portfolio...

1/9/2023: Et Markets: NAGARAJ SHETTI

Where is Nifty headed? A long negative candle on daily chart indicates a downside continuation pattern. Nifty has reached the immediate support of previous swing lows of around 17,780 levels and closed near the lows. Post downside breakout of...

1/9/2023: Et Markets: PRITESH MEHTA

Where is Nifty headed? Failure to surpass the peak of 18,265, marked around a three-digit Gann number of 183(00), resulted in a sharp decline. Decay picked up later in the week, led by a fall in Bank Nifty and the Financial Services index. Without...

1/9/2023: Et Markets: CHANDAN TAPARIA

Where is Nifty headed? Nifty has formed a bearish candle on daily scale and a bearish candle and an inside bar on a weekly frame. We expect the index to remain in broader trading range of 17,777 to 18,250 zones where a decisive range breakout would...

1/9/2023: Et Markets: NPS Replaces ELSS as the Best Way to Save Tax in 2023

Haven’t yet completed your tax planning for the year? The NPS could be your best bet this year. The low-cost pension scheme has dislodged ELSS funds from the top position in ET Wealth’s annual ranking of tax saving instruments.

1/9/2023: Smart Investing: NPS Replaces ELSS as the Best Way to Save Tax in 2023

New Delhi: Haven’t yet completed your tax planning for the year? The NPS could be your best bet this year. The low-cost pension scheme has dislodged ELSS funds from the top position in ET Wealth’s annual ranking of tax saving instruments. We assessed...

1/9/2023: Smart Investing: NPS Scorecard

National Pension System (NPS) helps you to save tax in several ways. There are only ten NPS fund managers at present and the table below compares their performance. The data has been provided exclusively to ET.

1/9/2023: Smart Investing: Institutional Investors Focus on Big Cement Cos Passing Cash Flow Test

ET Intelligence Group: As the theme of consolidation sustains momentum in India’s cement industry, institutional investors are increasing their exposure to large-sized cement companies by focusing on a simple yet effective criterion: Cash flows. To...

1/9/2023: Smart Investing: Crane Maker TIL Dragged to NCLT

Bank of India has initiated insolvency proceedings against Kolkata-based commercial equipment manufacturer TIL (Tractors India) to recover its dues as previous recovery efforts have failed, people familiar with the process said. Five banks, including...

1/9/2023: Smart Investing: Deposit Rates Peaking, Hikes Likely only for Select Tenures

Kolkata: Bank deposit rates may be close to their peak, with possibilities of further increases likely limited only to select tenures, even as the central bank might consider increasing the policy rate at least once in 2023. “There would be a rise in...

1/9/2023: Smart Investing: F&O Strategy

DERIVATIVES India VIX was up by 0.30% from 14.98 to 15.02 levels. Volatility needs to now cool down below 14 zones for stability to resume. On Option front, Weekly Maximum Call OI is at 18,000 then 18,100 strike while Weekly Maximum Put OI is at...

1/9/2023: Smart Investing: Bandhan’s Loans Trail Deposits in Q3

Kolkata: Bandhan Bank’s credit growth was slower than its deposit mobilisation growth, which is against the industry trend. The bank said its advances rose 14% year-on-year to a tad over `1 lakh crore at the end of the December quarter while its...

1/9/2023: Smart Investing: Day Trading Guide

Motilal Oswal Fin Services Nifty opened positive but failed to surpass 18,050 zones and cascaded southwards throughout the session on Friday. Bears were dominating and dragged the index down near its crucial support of 17,777 zones. It witnessed some...

1/9/2023: Economy: Macro, Micro & More: Ease of Business Not Centre’s Responsibility Alone, says FM

Finance minister Nirmala Sitharaman Sunday said ease of doing business was not Central government’s responsibility alone and there was a need to improve it at the state, district, municipality and even panchayat levels. Finance minister, who was...

1/9/2023: Economy: Macro, Micro & More: India-US Trade Policy Forum Meet on Jan 11

New Delhi: The India-US Trade Policy Forum (TPF), set up to resolve trade and investment issues between the two countries, will hold a meeting in Washington on January 11, the commerce ministry said on Sunday. The TPF has five focus groups, on...

1/9/2023: Economy: Macro, Micro & More: MoRTH Confident of Meeting 12,000 km Target for FY23

New Delhi: The Ministry of Road Transport and Highways (MoRTH) is confident of achieving the highways construction target of 12,000 kilometres for the current fiscal as the pace of construction has increased, its secretary Alka Upadhyaya said on...

1/9/2023: Economy: Macro, Micro & More: Trade Boost

Special vostro accounts can settle crossborder trade in INR They can be used to overcome US sanctions, $ crunch Russian banks have opened accounts; accounts of 3 Lankan banks will be operational soon Similar deals may be struck with banks in Belarus...

1/9/2023: The Edit Page: Let’s Roll Out of Little Rock

Arkansas in the US is known for having some peculiar (read: ridiculous) laws. Its capital, Little Rock, still has a statute in its books that disallows any person to ‘sound the horn on a vehicle at any place where cold drinks or sandwiches are served...

1/9/2023: The Edit Page: Invest to Draw In Investors

Investors hope the budget will strike the right notes to revive demand and keep a firm focus on fiscal prudence. ■ GoI should firmly adhere to the path of fiscal consolidation. This is eminently possible as the tax revenue is running well ahead of...

1/9/2023: The Edit Page: Foreign Unis in India, A Problem of Degree

Draft rules for the operation of foreign universities in India permit freedom over fees and repatriation of funds abroad, issues over which earlier efforts to draw interest had run aground. Proposals by the University Grants Commission (UGC) include...

1/9/2023: The Edit Page: When Harry Met Scrappy

The sons of the king of the island nation of Britain apparently had a scrap. In 2019. Over one of the brothers’ wife — as in, the non-husband brother thought her to be difficult, rude and abrasive. The fight led to ‘scrapes and bruises’ after the...

1/9/2023: The Edit Page: Death Is Welcome

Urdu poet Mirza Ghalib writes: ‘Koi ummeed bar nahin aati, koi soorat nazar nahin aati, maut ka ik din muayyan hai, neend kyon raat bhar nahin aati’ (None of the hopes is fulfilled/ No hope of fulfilment is in sight/ The day of death is predestined/...

1/9/2023: The Edit Page: More Gimmick Than Solution

Apropos the article ‘Sleeping On Job is the Latest Perk at New-age Firms’ by Brinda Sarkar and Sreeradha D Basu (Jan 8). Nap room privileges appear to be an obscure expression of employee care. It is neither a motivating tool nor a productivity...

1/9/2023: The Edit Page: Listen When Nature Speaks

Apropos the report ‘Dhami Orders Evacuation of All from Joshimath Danger Zones’ by Sanjay Singh (Jan 8). The ancient town of Joshimath is sinking rapidly. This problem has been caused by the neglect of the fragile ecology and topography of the town and...

1/9/2023: The Edit Page: Unbecoming Behaviour

Apropos the article ‘Make Passengers 1st Class’ by GR Gopinath (Jan 7). The most shocking part of the inebriated passenger’s behaviour on the AI flight was the passive response of its top management. One, the AI flight crew’s indifference to the victim...

1/9/2023: The Edit Page: Talking Budget, Sense Déjà Vu?

With the annual budget announcement around the cor ner, we forget two things: ■ GoI is run by intelligent personnel who are aware of the importance of fiscal deficit, borrowing and debt as much as its critics. While advice is heard, decisions would be...

1/9/2023: Et Panache: Here’s the best way to comfort someone when they are sad

When a close friend, partner, family member or colleague is upset, you’ve probably wondered how best to make them feel better. Let them vent? Offer a chocolate bar? Give them space so they can have a good cry? The ideal approach depends on the person...

1/9/2023: Et Panache: Ashleigh Barty says she is comfortable with a life outside tennis

As the best players regroup in Melbourne for the Australian Open, heralding the start of the new tennis season, one name is conspicuously absent: Defending champion and hometown hero Ashleigh Barty. Barty retired in March 2022 at age 25, top of the...

1/9/2023: Et Panache: Djokovic Kicks Off 2023 with Adelaide Title

Novak Djokovic showed no signs of an injury that might derail his Australian Open campaign when he beat unseeded American Sebastian Korda 6-7 (8), 7-6 (3), 6-4 Sunday to win the Adelaide International. Djokovic worried Open organizers when he said...

1/9/2023: Et Panache: Struggles Made Me Hungrier: SKY

Rajkot: Suryakumar Yadav was well past 30 when he made his India debut, but the swashbuckling batter says his belated selection had only strengthened his resolve and made him even hungrier to succeed in top-flight. “It does make me even more hungrier...

1/9/2023: Et Panache: Feud for thought

Amidst the LIV Golf feud, Jon Rahm said he wants to be a fly on the wall at Augusta National for the Masters Champions Dinner, which “is going to be a little tense”

1/9/2023: Brands & Companies: Housing Sales to Stay in a Sweet Spot in 2023, Too

Bengaluru: The Indian residential market is expected to sustain its growth momentum in 2023 despite global headwinds and higher interest rates, experts said. Sales momentum is expected to pick up this year across the midpriced and affordable sectors,...

1/9/2023: Brands & Companies: Supreme Universal Inks Pact to Develop 5-acre Mumbai Land

Mumbai: Realty developer Supreme Universal has entered into an agreement to develop a nearly 5-acre prime land parcel in Chembur suburb of Mumbai. The company is planning to develop a premium gated community project on the land parcel that has a total...

1/9/2023: Brands & Companies: Unity, Parsvnath to Develop Mall in Delhi

New Delhi: Delhi-based Unity Group has formed a joint development agreement with Parsvnath Developers to develop 450,000 square feet of retail area with an investment of `200 crore, said Unity Group co-founder Harsh V Bansal. The bridge-to-luxury mall...

1/9/2023: Brands & Companies: Cricket is the Quickest Way to Reach a Wider Audience: Jt MD of ‘Killer’ Maker

Mumbai: Cricket is the quickest pathway to reach a wide audience that cuts across generations and social strata, said Hemant Jain, joint managing director of branded apparel manufacturer Kewal Kiran Clothing Limited (KKCL) after company’s brand...

1/9/2023: Brands & Companies: Merc Expects 2-digit Growth in India in 2023

NEW DELHI: Mercedes Benz expects double-digit sales growth in India this year, despite concerns that a weaker rupee could increase car prices, the head of its local unit said in an interview. The German luxury carmaker's sales in India rose 41% last...

1/9/2023: Brands & Companies: ‘Covovax to Get Nod as Booster in 10-15 days’

PUNE: Office Serum Institute of India chief executive officer Adar Poonawalla on Sunday said its Covovax vaccine will get approval as a booster in the next 10-15 days, adding it works very well against the Omicron variant of coronavirus. Speaking to...

1/9/2023: Brands & Companies: Star Labels may Make Ceiling Fans Costlier

NEW DELHI: Ceiling fans would get costlier by 8 to 20% as the category comes under the ambit of mandatory star labelling from January 1, as per the revised Bureau of Energy Efficiency (BEE) norms. Star labelling denotes energy savings of minimum 30%...

1/9/2023: Brands & Companies: Strong Foundation

GODREJ PROPERTIES Focus will continue to be on Mumbai, Bangalore, the NCR and Pune ANAROCK RESEARCH Residential units sold 2022: 364,900 vs 2021: 236,500 2014: 3.43L housing units sold in top 7 cities JLL 2022: 247,000 new residential units...

1/9/2023: The Economic Times: Trading in India’s carbon credit

market is likely to begin in July-Sept, while the registry for credits could be completed in 3-4 months, says power secy Alok Kumar

1/9/2023: Disruption: Startups & Tech: Chinese Mobile Firms Talk to Indian Makers with PLI Nod

New Delhi: Top Chinese smartphone brands are in talks with Indian contract manufacturers to leverage the latter’s production-linked incentive (PLI) scheme approved status. This comes amid a broad push by the Indian government to get smartphone players...

1/9/2023: Disruption: Startups & Tech: TCS Q3 Margins May Rise on Re Fall, Efficiency

Mumbai: Tata Consultancy Services (TCS) is expected to report a 12.4% growth in profit and a 16.7% growth in revenue for the third quarter, according to an ET poll of analysts. TCS will report results for the October-December period on Monday. In a...

1/9/2023: Disruption: Startups & Tech: Airtel, Jio Target 100-150 million 5G Conversions by March 2024

Mumbai: Bharti Airtel and Reliance Jio are targeting 100-150 million mobile phone users by March 2024 for conversion to 5G as they expand their coverage and develop more consumer use cases, with ample data allowances likely to be a key factor in...

1/9/2023: Disruption: Startups & Tech: India’s Share in SAP’s Apac Cloud Revenues 2x in 2 Yrs

Pune : India’s contribution to SAP’s cloud revenues in the Asia Pacific Japan region doubled in the past two years, a senior SAP executive told ET, as the country remains the top market in the region for the German technology company. The number of...

1/9/2023: Disruption: Startups & Tech: EU Investors Turn to Drones, Battlefield AI

London: European tech companies that work with the defence industry, long an investment taboo for many venture capital firms, are drawing record amounts of funding in the wake of Russia’s invasion of Ukraine. In the past year, governments across the...

1/9/2023: Disruption: Startups & Tech: VoltUp Eyes 30k EVs on Road in 2 Yrs

New Delhi: Mumbai-based startup VoltUp plans to deploy half a million high-speed electric twowheelers in the next five years to accelerate the shift to e-mobility, its cofounder said. In the first phase, VoltUp will put 30,000 electric twowheelers on...

1/9/2023: Disruption: Startups & Tech: Chawla MD and CEO of Paytm Payments Bank

New Delhi: Paytm Payments Bank has appointed Surinder Chawla as managing director and CEO, Paytm’s parent entity One 97 Communications said in a regulatory filing on Sunday. He replaces Deependra Singh Rathore, who was made interim CEO after Satish...

1/9/2023: Disruption: Startups & Tech: Dialling in...

PLI scheme for smartphones has a price floor of $200 for international brands There is no such limits for local manufacturers Most smartphones sold by Transsion falls under the $200 price floor So, the firm is unable to participate in the PLI...

1/9/2023: Disruption: Startups & Tech: Full Encryption for Group Chat on Messages

SAN FRANCISCO: Google has rolled out end-to-end encryption in group chats for Messages app users enrolled in beta programme. The firm said it has “completed the rollout of group chat end-to-end encryption for users in Open Beta” in just over a month,...

1/9/2023: Disruption: Startups & Tech: Google Stadia Shutting on January 18

SAN FRANCISCO: Google Stadia, the firm’s cloud gaming service, will shut down on January 18 after it failed to gain traction with users. The cloud gaming service debuted via a closed beta in October 2018 and was publicly launched in November 2019. In...

1/9/2023: Disruption: Startups & Tech: TAKING STOCK

• TCS is expected to report a margin improvement of 40 bps sequentially to about 24.4% • ICRA expects a few pockets of weakness for TCS across the BFSI space, hi-tech and manufacturing • Elara Capital expects TCS to report good growth in the...

1/9/2023: Disruption: Startups & Tech: ON FAST TRACK

Industry executives say... Next financial year will be a phase of transition for telecom operators To focus on covering the country and finetuning network structure THE INITIAL MONTHS WILL REQUIRE THE TELCOS TO REACH OUT TO EARLY ADOPTERS AND...

1/9/2023: Disruption: Startups & Tech: Snapchat Set to Abandon Desktop Camera App

LOS ANGELES Snapchat has decided to shut down its camera app for the desktop which allowed users to choose from a variety of filters from cat ears to pirate hats to apply during video calls. The camera feature was introduced to the app in 2018.

1/9/2023: Disruption: Startups & Tech: Tweet OF THE DAY

MARK MANSON @IAMMARKMANSON There are only two possible outcomes in this life: Either you choose who you are — or it will be chosen for you

1/9/2023: Disruption: Startups & Tech: Hackers Exploiting ChatGPT to Write Malicious Codes

NEW DELHI AI-driven ChatGPT, that gives human-like answers, is being used by cyber criminals to develop malicious tools that can steal data. The first such instances of cybercriminals using ChatGPT to write malicious codes have been spotted by CPR...

1/9/2023: Disruption: Startups & Tech: Spaghetti Code

Spaghetti code is a slang term used to refer to a tangled web of programming source code which is difficult to follow

1/9/2023: Disruption: Startups & Tech: 52 million

Units of ‘Make in India’ smartphones shipped (year-over-year) in the third quarter this year, according to Counterpoint Research