The Securities and Exchange Board of India (Sebi) will soon propose relaxing norms for registered investment advisors (RIAs) and research analysts to facilitate more participants entering through the formal route and to curb financial influencer activities. Sebi whole-time member Kamlesh Varshney announced on Friday that the proposal might be introduced by early next week. He … Read more
Amazon.com Inc., risking Wall Street’s displeasure, told investors that profits for now will take a back seat to heavy spending on artificial intelligence. The shares fell. The company projected operating income for the current quarter ending in September will be $11.5 billion to $15 billion. Analysts, on average, were looking for $15.7 billion. After … Read more
The smart home market in India is experiencing explosive growth, driven by increasing affordability, rising consumer incomes, and a growing preference for convenience and security. According to a new report by Redseer Strategy Consultants, the market, currently valued at Rs 90,000 crore, is projected to nearly double in size to reach Rs 140,000 crore by … Read more
Girding up to fight growth pressures globally, Unilever is doubling down on performance-led pay cheques for its directors across the globe after its shareholders flagged excessive pay amid fears of uncertain business environments and intense competition this year. The Anglo-Dutch consumer giant has implemented a new reward framework across markets including India with metrics more … Read more
At the COP26 climate talks in Glasgow, countries around the world, including India, reached a historic decision to phase-down coal power. A less-famous decision they made was to support a just transition away from coal power. In some countries, this transition has already happened, and India could learn important lessons from them since its own … Read more
India’s Minister for Road Transport and Highways, Nitin Gadkari, has requested Finance Minister Nirmala Sitharaman to withdraw the Goods and Services Tax (GST) imposed on life insurance and health insurance premiums. Currently, both life insurance and health insurance premiums attract a GST rate of 18 per cent. In a letter to Sitharaman, Gadkari noted that … Read more
Could a little league baseball team win the World Series in five years? Japan’s state-backed chip startup Rapidus has a similarly long-shot ambition. In a country that currently produces 40 nanometer semiconductors, the two-year-old venture has the goal of leapfrogging generations of innovation and producing bleeding-edge 2 nanometer chips in 2027. It would be easy … Read more
Consolidation in the Indian cement industry continues. UltraTech (UCL) has announced further stake acquisition in India Cements (ICL). Last month it had acquired 23% stake in ICL from investor Radhakishan Damani for Rs 1885 cr @ an average price of Rs 277/ share Now it is acquiring further 32.7% stake from the promoters of ICL … Read more