Category: World

BENGALURU/CHENNAI (Reuters) – Nestle India (NEST.NS) on Thursday reported quarterly earnings above estimates on higher demand for its chocolates and Maggi instant noodles and also said its board approved a stock split. Profit increased to 9.08 billion rupees ($109.06 million) for the third quarter ended Sept. 30 from 6.61 billion rupees a year earlier, the […]

The post

The Commission for Agricultural Costs and Prices (CACP) has called for a review of the government’s open-ended grain procurement policy to restrict rice and wheat purchase from the farmers for the meeting requirement under the National Food Security Act. The open ended procurement policy for rice and wheat has resulted in accumulation of huge stocks […]

The post Review Open-Ended Grain Procurement:

NEW DELHI: Extreme poverty in India declined by 38 million in 2021 to 167.49 million after a surge in the two preceding years, but remained above the 2018 level, the latest World Bank data shows. While for most countries poverty rose in 2020, when the Covid-19 pandemic hit the global economy, the data

The government may ask laptop, server and other IT hardware importers to provide an international certification attesting that their product is from a trusted source before allowing a licence-free import of it, people in the know of the matter told ET. This certification, one of the people said, could be from an international organisation. This […]

The post IT Hardware

The extraordinary powers of the Enforcement Directorate will come under the scanner of the Supreme Court again with the judges agreeing to hear another batch of petitions challenging them. In July last year, the top court had upheld the powers granted to the Central agency to search, seize and arrest under the Prevention of Money […]

The post Another

MUMBAI: The Reserve Bank of India (RBI) could consider rolling over a $5-billion foreign exchange swap set to mature next week as the central bank, which has repeatedly flagged inflationary risks stemming from excess funds with banks, prioritises liquidity management over bolstering forex reserves. Some investors believe that a current deficit in headline liquidity prints […]

The post <a

BENGALURU/NEW DELHI: The mood on the ground in Corporate India is clearly towards inclusion, notwithstanding the Supreme Court saying no to same-sex marriages. HR and diversity, equity and inclusion (DEI) heads at leading corporates including Godrej, Lupin, Axis Bank and Publicis Sapient said the SC order will not hamper India Inc’s drive to become more […]

The post India Inc

MUMBAI: There is still some way until India’s dependence on imports of active pharmaceutical ingredients (APIs) and intermediates from China reduces, but the growth rate of imports has come down. While the production-linked incentive (PLI) scheme for bulk drugs (APIs) has boosted local production of some key APIs here, industry insiders say it would take […]

The post Bulk

KOLKATA: India’s top telcos are expected to file a review petition against the Supreme Court’s ruling to treat licence fees as a capital expenditure that could potentially prompt authorities to raise hefty retrospective demands, including penalties on operators for tax payment shortfalls of past periods. Kotak Institutional Equities estimates Bharti Airtel could face a potential

New Delhi: India will spend nearly ₹ 143 lakh crore on infrastructure between fiscals 2024 and 2030, more than twice the ₹ 67 lakh crore spent in the past seven financial years starting 2017, rating agency Crisil said today. Of the total, ₹ 36.6 lakh crore will be green investments, marking a five times rise compared with the amount spent during fiscals […]

The post

NEW DELHI: The Competition Commission of India (CCI) has invited stakeholder comments for its Leniency Plus regulations, which incentivise companies already under investigation for one cartel to report other cartels. Under Leniency Plus, a cartelist cooperating with the CCI for leniency can disclose another cartel in an unrelated market during the original leniency proceedings, in […]

The post

By Nitya Chakraborty The Hamas-Israeli war entered its 12th day on Wednesday with the clashes between two sides intensifying leading to all the possibility of being turned into a dreadful regional war. So far more than three thousand Palestinians have been killed, including about five hundred who were killed when a hospital was bombed in […]

The post Next

By K Raveendran Four judgments from a five-member bench: that’s enough to indicate the complexities and confusion about the Supreme Court’s decision on the keenly-awaited same sex marriage issue. Overflowing with ‘agreements and disagreements’, the diverse verdicts, however, betray a certain degree of predictability. As Chief Justice D Y Chandrachud began pronouncing his judgment, the […]

The post

By James M Dorsey Human beings’ most destructive instincts – survival, anger, fear, despair, and vengeance – dictate Israeli and Palestinian war strategy and policy in the wake of Hamas’ October 7 brutal attack on Israel. The dominance of emotions produces an environment in which one atrocity justifies another and reinforces Israeli and Palestinian demonization […]

The

By Girish Linganna One of the saddest days in contemporary Israeli history happened during the Simchat Torah festival on October 7, 2023. Hamas militants launched an air, land and sea attack on the territory of the Jewish state exactly 50 years to the day after the Yom Kippur War, which had caused severe psychological agony […]

The post <a

The apparent breakdown of alliance talks between Congress and Samajwadi Party in Madhya Pradesh could impact the INDIA alliance plans in Uttar Pradesh in 2024, SP chief Akhilesh Yadav has said, adding that his party could fight the BJP on all 80 seats. SP has already declared nine candidates in Madhya Pradesh and could ultimately […]

The post Akhilesh says

A final chance has been given to Maharashtra Assembly Speaker Rahul Narwekar by the Supreme Court to set a realistic timeline for deciding the cross-petitions filed by the rival factions of the Shiv Sena seeking disqualification of each other’s MLAs following a split in the party. An apex court bench, headed by Chief Justice DY […]

The post <a

The Supreme Court on Tuesday reserved its verdict on the regular bail pleas of former deputy chief minister and Aam Aadmi Party (AAP) leader Manish Sisodia in corruption and money laundering cases arising out of the Delhi excise policy ‘scam’. A bench of Justices Sanjiv Khanna and SVN Bhatti reserved its verdict on two separate […]

The

It was the Congress’s ‘40% corruption campaign’ ahead of the elections that led to the defeat of the Bharatiya Janata Party (BJP) and brought the former to power. The same anti-corruption campaign – at ‘60%’ under the Congress regime, according to the BJP – has put the CM Siddaramaiah-led government in a spot. The recent […]

The post BJP alleges

The Food Safety and Standards Authority of India (FSSAI) has waived the need for clearances for certain imported ingredients and food items. In an advisory, the food safety authority said the customs department would no longer need to obtain FSSAI clearances for food ingredients or items that are imported into India for re-export or for […]

The post <a

The Reserve Bank on Tuesday tightened the customer due diligence (CDD) norms by asking banks and regulated entities to adopt a risk-based approach for periodic updation of KYC. After a review, the central bank has made amendments to the Master Direction (MD) on Know Your Customer (KYC). Regulated Entities (REs) have to undertake customer due […]

The post <a

NEW DELHI: The demand for steel in India is expected to register a ‘healthy growth’ of 8.6 per cent against the overall global rise of 1.8 per cent in 2023, worldsteel said on Tuesday. It forecasts that global steel demand will grow 1.8 per cent in 2023 and reach 1,814.5 MT after having contracted

NEW DELHI: The three-day India Mobile Congress (IMC) will showcase the widening convergence of telecom with new domains, such as semiconductors and deep tech, P Ramakrishna, the forum’s chief executive officer, said on Tuesday. With more than 250 global and domestic exhibitors, the seventh edition is expected to draw more than 100,000 visitors this year,

US President Joe Biden’s wartime trip to Israel and Jordan faltered before it got off the ground Tuesday, after the Amman leg was canceled following a strike on a Gaza hospital that killed hundreds of people. The trip was always set to be the riskiest of Biden’s presidency as he tried to juggle support for […]

The post Biden’s Israel, Jordan trip falters

MUMBAI: Global banking major HSBC is looking to get into funding real estate development in India through the FPI route. It might also enter the private debt space in other sectors as well, sources said. “They are big in Asia in real estate private debt. They want to explore it in India,” the source said. […]

The post HSBC

NEW DELHI: The inaugural India-UK ‘2+2’ foreign and defence dialogue on Monday saw the two sides focusing on ways to boost cooperation in a range of key areas such as trade and investment, defence, critical technologies, civil aviation, health and energy. At the senior official-level dialogue, the two sides also discussed international developments including in

LinkedIn, the Microsoft-owned career network company, announced new round of layoffs on Monday. Nearly 700 people have been handed over the pink slips as part of company’s new policy. The layoffs will impact finance, product, engineering and talent teams. Around three per cent of the total workforce will be impacted by the layoffs. According to […]

The post

Producers’ inflation rate based on the Wholesale Price Index (WPI) remained in the negative zone for the sixth successive month at (-) 0.26 per cent in September, government data released on Monday showed. However, sequential data showed that deflation has come down. WPI inflation was (-) 0.52 per cent in August. Earlier, the government

NEW DELHI: A sharp decline in tomato prices may have caused the headline CPI (Consumer Price Index) inflation to plunge to 5.02% in September from 6.83% in August, but risks to food prices still persist, and experts see retail-food inflation staying above the 6%-mark in the second half of the current fiscal year. An erratic […]

The post

MUMBAI: For Mukesh Ambani’s Reliance Industries (RIL), analysts estimate higher profit growth for the July-September quarter (second quarter, or Q2) of 2023-24 (FY24), while revenue growth is expected to remain subdued. Key monitorables include guidance on new energy capital expenditure, retail expansion, and telecommunication (telecom) tariffs. In a Bloomberg poll, 12 analysts estimated consolidated revenue […]

The

By Dr. Gyan Pathak Electorates in the five poll bound states are not yet impressed by the political leaders who are making reference to the Israel-Hamas war during their campaigns to exploit their communal sentiments. Dominant issues for them presently relates chiefly to their respective states and performance of their local leaders in the past […]

The

By Sushil Kutty The Janata Dal (Secular) stands split in the middle in Karnataka. If not in the body, at least in spirit. C M Ibrahim, a party bigwig, is at the centre of the brouhaha that has put the Gowda clan headed by former Prime Minister HD Deve Gowda and his

By Arun Srivastava The snake has finally come out of the burrow. But its fang utterly lacks the punch and prowess to decapacitate the prey. No doubt, it has succeeded in inflicting some bruises on the body of the victim, but one thing is certain that its venom is sticky and

By Girish Linganna Hezbollah, The Lebanese Movement, has issued a warning, expressing full readiness to engage in combat against Israel. This follows days of exchange of fire between their fighters and Israeli soldiers along the border. Both sides have been involved in shelling and trading rocket fire across their borders since the Palestinian armed faction,