Best Stories of the Day
Apple had a record quarter in India
Apple iPhone also had its best year in India as annual sales volume exceeded 3.2 million in 2020—a 60% growth over the previous year—doubling its market share in the process.
The real villain of Republic Day chaos
Migrant labour does the dirty work on farms. Industrial employment is not a viable option for educated young Punjabis. And since not everyone can be sent to Canada, the pool of the frustrated has been expanding alarmingly.
The American Dream for Indians may be intact
The New Bill seeks to eliminate dependents of employment based green card beneficiaries, from being counted towards the cap and this will free up thousands of visas, leading to shorter green card queues.
Indian economy to get shot in the arm from Budget 2021: Economists
Economists, in a poll of Reuters, said that the Indian economy would grow 9.5% next fiscal year - the highest since polling began for the year in March 2020 - after contracting 8.0% in the current fiscal year.
Analysts hold mixed views on Kotak post-Q3
Emkay has a hold rating on the stock, Axis Capital has maintained reduce rating, Motilal Oswal is neutral on the stock and Morgan Stanley has retained equal-weight rating. Sharekhan and Edelweiss have a buy rating.
Low rates help cos make a bond killing
Banks and financial services sector collectively raised Rs 4.97 lakh crore or 64 per cent of the total amount while roads & highways sector mopped up Rs 58,052 crore, according to Prime.
L&T CEO on how the co plans to be future ready
While engineering and construction, and IT services will be key growth drivers going ahead, L&T also plans to rollout two digital platforms in 2021 marking L&T’s foray into the business-to-consumer space.
Think the ugly trade war between US and China has ended with Trump's presidency? Think again
Biden won't confront Beijing right away, economists say, because he wants to focus on the coronavirus and the economy. However, Biden looks set to renew pressure over trade and technology grievances that prompted President Donald Trump to hike tariffs on Chinese imports in 2017.
Vodafone Idea would prefer to skip net worth mention, unless mandatory
According to analysts, loss-making Vi’s net worth is a negative ₹26,699.8 crore. The telco has never posted a profit since its formation through the merger of Vodafone India and Idea Cellular in August 2018, and has been rapidly losing subscribers to rivals, mainly as it trails Bharti Airtel and Reliance Jio in 4G coverage.
Automakers welcome centre's proposed Green Tax but transporters against it
According to the proposal, transport vehicles older than eight years could be charged a green tax at the rate of 10-25% of road tax at the time of renewal of fitness certificate. For personal vehicles, the tax will be levied at the time of renewal of registration certificate after 15 years. The proposal will now go to states for consultation before it is formally notified.
Govt may announce FRA in Budget, forum to deal with plaints of all financial services providers
India’s existing consumer redressal system is fragmented and overseen by sectoral regulators such as the Reserve Bank of India (RBI) for banks and the Insurance Regulatory and Developmental Authority (Irda) for insurance-related grievances. The government is of the view that this fragmented regulatory architecture leads to inconsistent treatment of both consumer complaints and micro-prudential regulation.
With Prestige retail assets, Blackstone to be largest mall operator in India
The private equity major is eyeing opportunities in both metro and non-metro cities to support the next level of growth in retail portfolio.
Cairn threatens to enforce arbitration award against India’s foreign assets
An arbitration tribunal last month ruled in favour of Cairn Energy in a six-year-old retrospective tax dispute and ordered the Indian government to pay the UK firm damages of $1.2 billion plus interest and cost.
China’s growing clout hot topic at Foreign Secretary meet with 27 EU envoys
The meeting assumes significance amid China’s rise, EU-China investment pact and new administration in the United States which has signalled return to multilateralism, said people aware of the matter. Both India and EU emphasised at the meet that they believe in multipolarity, they said.
I feel ashamed and take responsibility: Yogendra Yadav on violence during tractor parade
Tens of thousands of protesters clashed with police in multiple places, leading to chaos in well-known landmarks of Delhi and suburbs, amid waves of violence that ebbed and flowed through the day, leaving the farmers' two-month peaceful movement in tatters.
Defence, Space departments to free band for 5G services
The 3,300-3,400 MHz band is with the defence ministry while a block of 25 units, or 3,400-3,425 MHz, is presently used by the Indian Space Research Organisation (Isro).
Charge of white-collar brigade may continue in Q4: 10-30% jump in hiring mandates seen in Jan-March
Information technology (IT), ecommerce, ed-tech, logistics, healthcare and fast-moving consumer goods (FMCG) are among the sectors leading on the job-creation front. However, sectors such as banking and financial services, manufacturing, auto and power have also seen a rebound, said hiring firms such as ABC Consultants, Michael Page, Antal, TeamLease Services, Adecco and CIEL.
Stipends for apprentices up 2.8% in 2020, to rise more than 3% this year
The data from the 'Stipend Primer - Post-Pandemic Special' report of TeamLease Skills University’s National Employability Through Apprenticeship Programme (NETAP) found that average stipends for apprentices had risen from Rs 11,860 a month in 2019 to Rs 12,200 last year. The increase in 2019 was steeper at 8.8% — from Rs 10,900 the year before.
Railways to refund passengers who missed their train from Delhi due to farmers' stir
The refund is applicable for all ticket holders who were unable to reach the Railway station in Delhi and could not take train due to farmers tractor rally.
Why govt should hold its ground on farm laws
What’s at risk isn’t just a couple of laws, but India’s commitment to the transition to a more environmentally sustainable and equitable growth model.
Farmers’ leaders in a spot as tractor rally goes off track
“We went by our plan to do the parade on the Ring Road. I regularly appealed to those farmers who went to Red Fort to come back to Kundli border,” Sarvan Pandher, general secretary-Punjab unit of KMSC, told .
Security lapses, intel failure in focus as police caught off guard by protesters
Union home minister Amit Shah did not attend the at-home reception hosted by President Ram Nath Kovind on Republic Day, as he held a meeting with Delhi police commissioner SN Shrivastava and home secretary Ajay Bhalla to review the security situation after the protest turned violent.
The secret of Hiver CEO’s ‘mental fitness
Niraj Ranjan Rout hopes to take a trip to Spain this holiday season.
Private equity funds add key manpower for future growth
According to data exclusively put together for ET by staffing firm Native (erstwhile VitoAltor), there were about 220 hires in global and domestic private equity and venture capital funds in India in the past one year, the highest at least in five years. There were 165 moves in 2019, and just over a hundred each in the previous two years.