Amore than five-fold rise in the share price of Avenue Supermarts Ltd, which runs DMart retail stores, since the company went public four years back, has not only brought riches to founder Radhakishan Damani and investors but also made chief executive Ignatius Navil Noronha the country’s richest professional manager with a net worth of ₹5,146 … Read more
Tata Consultancy Services () is focusing on growth and transformation to expand revenue from existing clients by offering them more services, chief executive Rajesh Gopinathan told ET’s Raghu Krishnan and Bodhisatva Ganguli in an interview, as he draws up a plan for the next five years at the helm. Excerpts: TCS has an outsize influence … Read more
Sebi has shortlisted five companies, including Tata Consultancy Services () and , for the implementation of the data analytics projects for tracking possible market manipulations like insider trading and front running. , Larsen & Toubro Infotech and NEC Corporation India too have been shortlisted. These five companies “have been shortlisted for further process”, the Securities … Read more
By Ilona Wissenbach and Nick Carey MUNICH (Reuters) – Soaring demand for semiconductor chips means the auto industry could struggle to source enough of them throughout next year and into 2023, though the shortage should be less severe by then, Daimler AG’s CEO said on Sunday. Carmakers, forced by the COVID-19 pandemic to shut down … Read more
One of Wall Street’s most bearish analysts turned exceedingly bullish two weeks ago. Wells Fargo’s Christopher Harvey upgraded his bearish S&P 500 price target of 3,850, which he set in late 2020, to 4,825, representing an increase of 6.7% from the S&P’s current level of around 4,525. Harvey joins a number of strategists upgrading their … Read more
China’s government banned effeminate men on TV and told broadcasters Thursday to promote “revolutionary culture,” broadening a campaign to tighten control over business and society and enforce official morality. President Xi Jinping has called for a “national rejuvenation,” with tighter Communist Party control of business, education, culture and religion. Companies and the public are under … Read more
NEW DELHI: Waiting for the signal to turn green, a fellow motorist asked: ‘Did you retro-fit the digital instrument cluster on the Classic?’ I answered and raced away to an empty stretch. As the wind whistled through the helmet’s visor, I had a grin. An all-new motorcycle that resembles the old Classic – designers had … Read more
Amsterdam-listed Prosus, which is majority owned by South African holding company Naspers Ltd., said its payments and fintech subsidiary PayU will pay 345 billion rupees, equivalent to $4.72 billion, for BillDesk in an all-cash deal. Prosus shares rose 5% Tuesday following the announcement. The acquisition will bring Prosus’s cumulative investment in Indian tech to more … Read more
Drug major Abbott on Tuesday said it has launched room-temperature-stable, single-dose formulation of carbetocin in India to help in the prevention of postpartum haemorrhage (PPH). PPH refers to excessive blood loss of 500 ml or more after vaginal delivery and 1,000 ml or more after a caesarean procedure, within 24 hours of childbirth. Although preventable, … Read more