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Increase in riders comes at expense of revenue and profit for ride-hailing platform
It is important to remember this rare bureaucrat who helped make India an IT superpower. He rid two GoI departments handling software exports and telecom of their socialist hangover in the early 1990s and created the conditions that eased Indian software exports and allowed private entry into telecom
The flexible workspace provider is running out of options — and cash. The company’s second-quarter results suggests the next 12 months will every bit as fraught as WeWork’s near implosion four years ago. Absent effective remedial action or another capital raise, it could be lights out
Free cash flows have jumped nearly three times between FY20 and FY23, setting the stage for new capex cycle
Fortis and Max Institute reported subdued sequential revenue growth in the June 2023 quarter
This move to suddenly label items as restricted doesn’t even ban them, it merely adds to the red tape for PC businesses, which are still in a downturn cycle, and chary of making fresh manufacturing investments. Now an importer needs to register with the government then pay a 0.1 percent fee just to apply. There’s no guarantee if or when approval will be given
Bilateral trade between China and India will expand, but in today’s era politics trumps economics. Three structural factors – clashing zones of influence, China leveraging its asymmetry at the border, and India’s proximity to US – will keep the relationship difficult and volatile
In uncertain war atmospherics, overt emphasis on defence spending is more about politics and marketing than an effective tool in war economy management
It will be in the fitness of things that the CoC and the DGCA adopt a proactive approach; consider wresting the initiative from the RP as lenders have more at stake than other stakeholders with the risk of losing Rs 6,521 crore lent to the beleaguered airline
Signs of moderation are already visible, and analysts are noting in their reports that banks won’t be able to hold on to their fat net interest margins or even balance sheet growth for long
The government should fix what’s preventing India from becoming a production hub instead of using measures such as restricting imports of IT equipment
Consensus for the US economy has moved from a mild recession to a soft landing or a no-landing-at all scenario, encouraging investors to take on more risk
The risk of not countering the growing chorus for the OPS is huge. For 2022-23, the Railways pension fund bill was Rs 60,000 crore
In today’s edition of Moneycontrol Pro Panorama: Indian managements ride the confidence wave, rate pause likely on strong growth numbers, SGB returns higher than gold ETF, government's Act East policy suffers a blow, and more
Land powers are ever more assertive. This is not good news for either free trade or liberty
The price of olive oil has surged to an all-time high, double a year ago. A metric ton of olive oil now costs more than 10 times a metric ton of crude
The country is the biggest supplier of materials vital for the energy transition. That could give it geopolitical leverage
Battery vehicles have struggled with a higher cost structure that even subsidies and manufacturer losses haven’t helped surmount. That’s finally changing. Seven of the 10 best-selling cars in China in June were EVs. Battery and plug-in hybrid vehicles now account for 37% of sales, trumping Beijing’s 2019 policy for 25% of the market to be electrified by 2025
From humble roots in Taiwan, the tech giant is building factories across the globe. Having its manufacturing close to home was an advantage for the made-to-order chip foundry. The tight relationship between R&D and factory operations, where engineers can easily shuffle between production lines, helped TSMC become a fast-moving supplier in a high-stakes industry
The entire northeast region is seen as a crucial gateway to east and southeast Asia and, therefore, is a vital component of the ‘Act East Policy’. Any instability there does not bode well for India’s long-term strategic interests
UBS plans to cut about two-thirds of Credit Suisse’s dealmakers in Asia. Over half the latter's 45,000-strong workforce worldwide could get pink slips. The experience of Lehman bankers laid off in 2008 suggests this is only a temporary setback: Today they are portfolio managers at top hedge funds, MDs at Tier-I banks, and partners at accounting and consulting firms
The monsoon session gave ample hints that the parties in the INDIA grouping are burying their differences until the 2024 polls. Congress seems to have recognised that the onus of keeping the bloc united lies with it. But they are also bracing for the tonguelashing from the PM during the no-confidence motion
Dividend payout stood at 44.6 percent or slightly less than 50 percent of the profits distributed by these companies to their shareholders.
The aggressive rejig of portfolios and pricing strategies by global motorcycle brands Harley and Triumph in Indian markets is set to dent RE’s market share
Gold ETFs move in line with gold prices but SGBs while moving in tandem with gold prices also carry a 2.5 percent annual interest (simple interest), which may seem small, but over the years makes a big difference. If one adds the AMC fees and taxation costs, the difference is wide enough to make investors move to SGB.
