China’s tech giant Alibaba Group is unlikely to sign fresh deals in Indian companies in the coming months amid higher scrutiny on Chinese investments amid tension between the two nations, said a person familiar with the development. Alibaba is among other Chinese investors who have pulled the brakes on new investments in Indian startups after … Read more
Telecom consumer base in the country dipped to around 116.36 crore in May but service providers were able to narrow the loss of subscriber base to 57.6 lakh as compared to the previous month, according to data released by the sector regulator Trai on Wednesday. The telecom subscriber base had declined 85.3 lakh in April, … Read more
One stock market indicator shows investors haven’t been this bullish in at least 15 years, according to Goldman Sachs. Short interest in the S&P 500 has fallen to its lowest level since at least 2005, as the stock market hits record highs despite underlying weakness in the economy due to COVID-19. While short interest is … Read more
In a regulatory filing late Friday, ICICI Lombard said the boards of the two companies — ICICI Lombard and Bharti AXA General — had met on Friday and approved entering into definitive agreements for demerger of Bharti AXA’s non-life insurance business into ICICI Lombard through a Scheme of Arrangement. According to ICICI Lombard, the shareholders … Read more
To foray into the hospitality segment as well as expand its existing IT space offerings and add new exhibition centres. The company, which is into real estate, exhibition centre, food and beverages (F&B) and engineering businesses, is also planning to set up a convention hall at its Nesco Centre in Goregaon in suburban Mumbai. “We … Read more
In a note published on Sunday, JPMorgan reiterated its view that growth stocks, led by technology, will continue to outperform their value peers. The continued outperformance of growth stocks relative to value stocks has been consistent with US stocks outperforming international stocks, JPMorgan said. Growth stocks are poised to continue outperforming value stocks, as … Read more
I have always believed that performance leads to recognition; recognition leads to respect; and respect leads to power. Therefore, economic performance is the key to India becoming powerful on the global stage. Mahendra Singh Dhoni, the most successful cricket captain of India, demonstrated this well in cricket. Perform, he did. He led the Indian team … Read more
The company had been battling competition like Qualcomm and Samsung for buying the chipmaker for over a year now, but a report from UK’s Evening Standard says it may win that race. While ARM doesn’t manufacture its own chips, the company owns the intellectual property (IP) for pretty much any mobile chipset you see today. … Read more
The tax department has committed to treat every taxpayer as honest, unless proven otherwise, and provide fair, courteous and reasonable treatment, according to the taxpayers’ charter adopted on Thursday. The charter also expects taxpayers to pay taxes on time and be honest and compliant. Prime Minister Narendra Modi launched the platform ‘Transparent Taxation – Honoring … Read more