The Israeli military has announced that it carried out airstrikes targeting Hamas in about 200 locations in Gaza. The Israel Defense Forces said in an update Monday that its three soldiers were killed in the fighting against the militant outfit in the thickly populated Palestinian enclave. In a social media post Monday morning, it issued evacuation order for about 20 […]

European stocks were subdued on Monday as investors awaited key economic data from the U.S., Europe and China this week for directional cues. Growth worries returned to the fore after data showed profits at China’s industrial companies rose at a much slower pace in October than the prior month. The pan European STOXX 600 was down 0.1 percent at 459.41 […]

‘We started affordable housing loans that has good traction and the books have grown to Rs 750 crore as of the end of last quarter.’ PNB Housing Finance, the fourth-largest housing finance company in India, is changing its business strategy by focusing mainly on the retail business, and, within retail, the salaried class will be the focus. In an interview […]

‘We are expected to grow at above 28 per cent this year, higher than the industry.’ Shriram Life Insurance Company, a joint venture between Shriram Group and South Africa-based Sanlam Ltd, is betting big on the rural market, from where it gets about 45 per cent of its business. Casparus J H Kromhout, managing director and chief executive officer, talks […]

Swift gains on Dalal Street this year have also led to a sharp surge in shares of equity market intermediaries like depositories, exchanges, and registrar and transfer Agents (RTAs). The stock prices of BSE, CDSL, CAMS, and KFin Technologies are up 24-283 per cent so far in 2023 when compared to a 9 per cent rise in the benchmark Nifty […]

The net profit of the listed Adani group companies more than doubled year-on-year (Y-o-Y) in the first half of 2023-24 (H1FY24), even as their revenue declined in this period. The nine firms posted a 107.7 per cent jump in net profit at Rs 23,929 crore in April-September compared to the year-ago period. Net sales, on the other hand, were down […]

‘Revision of the base year for both CPI and GDP are long overdue.’‘The basic data that went into the 2011-2012 series were mainly from surveys done in 2011 or earlier.’‘We have since seen the emergence of new sectors like platform-based work and online marketing.’‘The employment surveys and the consumption surveys need to reflect these adequately.’ Critics have been pointing out […]

Global 5G subscriptions are forecast to increase more than 330 percent over the next six years to reach at 5.3 billion, with 85 percent of the global population to have 5G coverage access, according to Ericsson Mobility Report. The November 2023 edition of the report, which is key industry reference source for network data, performance, statistics, and forecasts, estimates that […]

The UK private sector activity almost stabilised in November after contracting in the previous three months, the purchasing managers’ survey results from S&P Global and the Chartered Institute of Procurement & Supply showed on Thursday. The flash composite output index rose to a four-month high of 50.1 in November from 48.7 in the previous month. Any score above 50 indicates […]

Capitalism, grounded in the twin pillars of a free market and entrepreneurship, is the singular solution to addressing the issue of poverty in India and any country, N R Narayana Murthy, co-founder of Infosys, said during a fireside chat moderated by Nikhil Kamath, co-founder of the brokerage platform Zerodha. “The government should function as a fair and transparent regulator. “On […]