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Business
Investors are warning govts over high levels of public debt: Report
10 Jan 2024 11:31 AM IST
London, Jan 9: Investors around the world are warning governments over “unmoored” levels of public debt, saying that excessive pre-election borrowing promises risk sparking a bond market backlash, media reports said. Government debt issuance in the US and the UK is expected to soar to the highest...
Business
Defence, Railways stocks have run up too much too fast, say analysts
10 Jan 2024 11:29 AM IST
New Delhi, Jan 10: The market is moving up and down without a directional trend. Up moves are countered with selling and down moves are responding by buying. A trend might emerge in the coming days in response to Q3 results, says V.K. Vijayakumar, Chief Investment Strategist, Geojit Financial...
Business
Delhi HC upholds PepsiCo patent claim for Lay's potato variety
10 Jan 2024 11:28 AM IST
New Delhi, Jan 9: The Delhi High Court on Tuesday overturned a previous decision and ruled in favour of PepsiCo, allowing the company to claim a patent for the potato variety exclusively grown for its Lay's potato chips. A division bench set aside a July 2023 order that had upheld the revocation...
Business
RBI to auction govt bonds worth Rs 33K crore on Jan 12
9 Jan 2024 12:19 PM IST
New Delhi, Jan 8: The Finance Ministry on Monday announced the sale of three categories of government bonds worth a total of Rs 33,000 crore at an RBI auction scheduled for January 12. These comprise "7.37 per cent Government Security 2028" for a notified amount of Rs 7,000 crore through a price...
Business
YouTube to purge AI content that ‘realistically simulates’ deceased kids
9 Jan 2024 12:17 PM IST
New Delhi, Jan 9: Google-owned YouTube has announced to crack down on artificial intelligence (AI)-driven content that "realistically simulates" deceased minors or victims of deadly or well-documented major violent events describing their death or violence experienced. The company has updated its...
Business
Hiring in Indian IT sector declines 21% in Dec, AI jobs see growth
9 Jan 2024 12:15 PM IST
New Delhi, Jan 9: Hiring in the Indian IT sector declined 21 per cent in December 2023 as against the same month in 2022, displaying similar trends as seen in most of the second half of last year, a report said on Tuesday. Full stack data scientist, IT infrastructure engineer and automation...
Business
IndiGo introduces charges for front row aisle or window seat up to Rs 2K
9 Jan 2024 12:14 PM IST
New Delhi, Jan 9: Days after reducing fuel charges, the IndiGo has increased charges for passengers seeking extra legroom in the front row of its aircraft. According to the airline's website, passengers opting for window or aisle seats in the front row of an A321 aircraft, which typically...
Business
Now Swiggy Instamart VP Sidharth Satpathy moves on
9 Jan 2024 12:13 PM IST
New Delhi, Jan 9: In yet another top-level exit, Sidharth Satpathy, Vice President at Swiggy Instamart, has quit the company after around five years. Anirban Roy, Amazon India’s performance marketing head, will replace him at Swiggy. “As I move on from Swiggy and reflect on how this phase of...
Business
Dec 2023 quarter: Maha had max fake firms, Delhi top GST dodger
8 Jan 2024 11:57 AM IST
Mumbai, Jan 7: In a dubious distinction, the maximum number of fake companies were busted in Maharashtra and the highest amount of GST evasion took place in Delhi, in the quarter ending December 2023, as per official data released on Sunday. For the quarter, a staggering 4,153 bogus firms...
Business
LG unveils world's 1st wireless transparent OLED TV at CES 2024
8 Jan 2024 11:54 AM IST
Las Vegas, Jan 8: LG Electronics has unveiled a wireless transparent TV featuring an organic light-emitting diode (OLED) screen that looks as if it disappears when turned off. The LG Signature OLED T combines transparent OLED technology with wireless AV transmission and reception, allowing...
Business
FMCG stocks lead market lower
8 Jan 2024 11:53 AM IST
New Delhi, Jan 8: The year-end rally which took the Nifty up by around 14 per cent from the 2023 October lows, is slowly running out of steam, says V.K. Vijayakumar, Chief Investment Strategist, Geojit Financial Services. The major challenge for the rally comes from the US market which is showing...
Business
Underperforming sectors from past decade led 2023 markets rally
8 Jan 2024 11:52 AM IST
New Delhi, Jan 8: The recovery of underperforming sectors from the past decade -- such as Real Estate, Capital Goods, PSUs, Industrials, Defence -- led the markets rally in 2023, as per a report by Motilal Oswal Financial Services. The top gainers in the sectoral space were: Real Estate (+81 per...
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