The Music Academy’s conferment of the Sangita Kalanidhi title on TM Krishna and the divide among the Carnatic music fraternity has spread like wildfire on social media and even stoked political reactions. For Music Academy, an institution whose famed annual Conference held every December in Chennai was long treated as a great mark of recognition in Carnatic music, the boycotts – by an array of distinguished Carnatic musicians – suggest a rocky road ahead
The US Navy had nearly 7,000 ships in 1945. It stood at 529 vessels at Cold War’s end. Today, the navy has just 292 ships. Freedom of navigation, with all the global blessings it has bestowed, has never sustained itself. The way things are going, America and allies may not be able to sustain it much longer either
In this edition of Moneycontrol Pro Panorama: India's rising inequality not a political handicap, gold to glitter more in 2024, thermal plant incentives a boon for NTPC, BJP can overtake TMC in Bengal, and more
Adidas CEO Bjorn Gulden offers a model for Nike’s tentative turnaround efforts: His decisions around emerging trends seem more akin to a fashion retailer’s instinct for best-sellers. Nike shifted from being organised around sports categories such as running or swimming to traditional departments such as women’s, men’s and children’s. It sharpened its focus on its digital business, selling directly to consumers. But by becoming a tech-and-luxury company, it dulled its product edge
It’s up to Netanyahu to prove the IPC’s famine predictions wrong. Israel may not be a member of the International Criminal Court, but if he fails to act and the worst happens, that won’t stop its prosecutors from pursuing a well-deserved case a against him
There is anger against the corruption by lower level TMC functionaries. In a Lok Sabha election, BJP – as the preeminent national party – is the natural beneficiary as had happened in 2019, unlike in an assembly poll where voters tend to favour a “Bengali” party
India has made tremendous strides in promoting ESG regulations. ESG is pivotal in demonstrating a company’s commitment to not only enhance its social responsibility but also improve key value drivers
They enabled millions to invest in the stock market but newer, nimbler products are reshaping asset management
Strong US economic growth will not halt central bank’s plan to reduce borrowing costs this year
The PMIs show higher growth in the March quarter, both compared to the previous quarter as well as the year-ago period. That augurs well for corporate performance in the March 2024 quarter and provides fundamental support to the equity market
Inflection AI was on track to surpass OpenAI’s free version of ChatGPT with a model it had built, remarkably, from scratch, and had raised over a billion dollars. Had Inflection run out of all that money? That Inflection has been swallowed so quickly by Microsoft underscores that requirements around computing power and talent have made it too expensive for most companies to build cutting-edge generative AI models without the patronage of a tech giant like Microsoft, Google or Meta
New tailpipe emissions standards announced Wednesday by the Environmental Protection Agency represent an attempt to balance climate imperatives with consumer preferences, technological stretch goals with industrial capabilities, and, perhaps most acutely, the environmental and labor wings of Democrats
Refinance is the missing piece of the puzzle as India goes big on infrastructure building. RBI scrapped refinance schemes in a kneejerk response after the IL&FS debacle, and imposed strict NPA provisioning norms, blocking extension of repayment periods. This needs to change as large infra projects needs long ‘concession’ periods, stretching at least 30 years
South Asia presents an estimated USD 3.4 trillion climate investment opportunity between 2018 and 2030, a tremendous opportunity for the BFSI industry even as there are challenges to be overcome
Unilever’s decision to demerge the ice cream business has been taken in view of its slow growth and potential. But in contrast, for HUL in India, ice cream is a rapidly growing segment helped by long summers
With rate cuts in the offing and geopolitical tensions weighing on global growth, investors may switch to gold
After a humbling loss in the state assembly elections, Telangana's BRS is expected to decline further in the Lok Sabha elections bound to be held in the BJP-Congress binary of national politics. The KCR-led party is likely to face existential threat, turning the country’s youngest state a home to bi-polar politics
Two initiatives – one focussed on urban connectivity and the other on rural areas – hold promise. The urban model reimburses the private operator – who owns, operates and maintains the bus – on a per-kilometre basis while government automatically tracks vehicle locations and appoints conductors who handle fare-setting and collection. This ensures the private operator doesn’t exit non-profitable routes
India’s rank in the Human Development Index (HDI) is a lowly 134, but it’s even lower, at 140, when the index is adjusted for inequality
The final tariff norms for FY24-FY29 are not vastly different from the draft proposals and they incentivise electricity generation during peak demand hours
The median real GDP growth estimate for the US economy has been upped from 1.4 percent for 2024 and 1.8 percent for 2025 at the FOMC’s December 2023 meeting to 2.1 percent growth for 2024 and 2 percent growth for 2025 at the Wednesday meet
In a possible sign of things to come, a few weeks ago Amazon Web Services announced that its new data center in Pennsylvania is to be powered directly by an existing adjacent nuclear power station. The AI revolution might be coming hand in hand with a power revolution — something for investors in uranium to watch
An independent regulator, who won't be 'overtly interventionist', has powers to redistribute revenue between the Premier League and lower tiers. The influx of money from broadcasting rights and commercial sponsorship has led to better stadiums, attracted the world’s best players, and driven up ticket prices. Keeping both investors and fans happy, and the Premier League bandwagon rolling, will test the new regulator
In today's edition of Moneycontrol Pro Panorama: Japan's bank rate hike and its implications, current political situation re-asserts belief in cash, are the Gandhi siblings ready for Amethi-Rae Bareli fight, India's Central bank report confirms growth momentum, and more
The recently released GDP data has led to lots of questions and puzzles as the data is at odds with the historical trend of consumption growth broadly mimicking GDP growth. The difference of 4.5 percentage points between GDP growth and consumption growth in 2023-24 is the highest since 1951-52, as against a maximum difference of 0.5 to 1 percentage points in earlier years
