Companies

Startup Corner | India’s online grocery may be a low-hanging fruit for Uber’s Cornershop. If it can burn cash

From cab aggregation to food delivery, Uber has always seen fast growth in India. Online grocery may be no different if it manages to find the right operating model.

ONGC Videsh makes two new oil discoveries in Colombia, Brazil

OVL made an oil find in Colombia's onshore exploration block CPO-5 in the Llanos basin and major natural gas discovery in the deep offshore exploration block BM-SEAL-4 in Brazil's Sergipe Alagoas Basin.

Corporate Corridor | Smaller companies bearing the brunt of the slowdown

RBI analysis shows that the manufacturing sector was worse off than the services sector in the June quarter.

PMC crisis | The buck stops with the management, not auditor

Auditors can at best blow the whistle after the horse has bolted, but it is for the management to disburse loans after extreme caution

WeWork Debacle | A wake up call for not just Softbank, but Indian startup founders and their investors too

A look at Masayoshi Son’s investments in Indian startups like Oyo and Ola would show Softbank’s inclination to invest at inflated valuations. It is time startup founders and their financial backers stop bluffing

Lakshmi Vilas Bank problems show continued weakness in financial system

To allow the Lakshmi Vilas – Indiabulls housing merger or not? It’s a tough choice for RBI.

Nissan recalls 1.3 million vehicles to fix backup camera display

The displays will keep that setting the next time the vehicles are shifted into reverse. That violates federal safety standards.

Torrent Pharma expands recall of hypertension drug in US

Torrent is only recalling lots of losartan-containing products that contain N-Methylnitrosobutyric acid (NMBA) above the acceptable daily intake levels released by the FDA, it added.

Sector view | China’s shadow on the metals sector keeps getting longer

The sharp slowdown in China’s industrial sector in May keeps the risk on for metal producers

Is Altico default the canary in a coal mine for real estate NBFCS?

Funding is the oxygen for real estate developers. Starved of liquidity, projects will remain stuck and builders will develop cash flow problems. That will lead to asset quality problems for NBFCs which in turn will exacerbate the crisis.

The automation threat to jobs is for real. Transferable skills can best fight it

A multi-pronged approach is the answer as many job roles lend themselves easily to transferability

Startup corner | Paytm needs to sharpen its focus to make its IPO dream come true

Mounting losses and expansion into several business areas could derail India’s first profit-making payments bank. For mobile wallet Paytm, banking could be its best pathway to an IPO

Apple takes on Netflix with $5 a month streaming service

Walt Disney Co is launching its own assault on Netflix the same month, for just $7.

Ferrari to lift lid on new F8 Spider to maintain fast track growth

With a 720-horsepower 3.9 litre eight-cylinder mid-rear mounted engine, the F8 Spider also has a retractable hard top.

Systematix Infotech Pvt Ltd appraised at CMMI Level 3

CMMI is an enhanced version of the erstwhile Software - Capability Maturity Model that integrates various other frameworks originally developed by the Software Engineering Institute (SEI).

Policy | Calling homebuyers financial creditors is plain wrong

Any allocation of preferential rights to homebuyers puts the rights of banks in peril

Retail Reform | Easier norms for single brand FDI could change India’s retail landscape

Relaxing local sourcing norms will encourage more retailers, while local producers will be forced to be competitive in the global marketplace of sourcing

Retailing | Why Ikea is tweaking its India strategy

After a little more than a decade, IKEA has probably understood one thing about India – it needs to be flexible to do business in a nation with 1.3-billion population.

Corporate corridor | P&G’s listed companies may escape the worst of the slowdown

Gillette and P&G Health are relatively better off since their sales are mostly in the urban and semi-urban areas.

Crude oil futures up on domestic cues

Analysts said raising of bets by participants kept crude prices to trade higher.

Restaurants pick a fight with Zomato. Marketplace model a cure-all?

If Flipkart and Amazon are made to toe the line, why not online retail business platforms, including food aggregators?

FoodTech | What’s cooking inside the Indian food delivery market?

With 15 million customers, 640 million annual orders, and $2-billion gross merchandise value, food delivery should continue to remain a highly attractive space for both, investors and entrepreneurs.

Policy | Put an end to tax terrorism

What prompts a revenue official to go overboard in his/her drive to assess taxpayers? The main culprit seems to be the government’s need to fill up its coffers.

Homebuyers’ property rights are sacrosanct. Don’t play with it

Registration of undivided share (UDS) of land can go a long way in saving hapless buyers from marauding builders