Business News


’Jaanta hain tera baap kaun hain?’ Zomato’s Deepinder Goyal on startups in India and dreaming big from a small town

Zomato founder Deepinder Goyal said his father thought it was very difficult for small-town people to start businesses in India and succeed, but added that ‘a lot has changed’.

1 min read10:09 AM IST

Jamie Dimon says succession at JPMorgan is ‘well on the way’

On May 21, when questioned about how long he planned to remain CEO, JPMorgan Chase’s Jamie Dimon told shareholders the timetable is ‘not five years anymore’—something he has long joked about.

3 min read07:39 AM IST

Patanjali soan papdi fails quality test, assistant manager and two others fined & sentenced to prison for 6 months

Three people, including Patanjali Ayurved’s assistant manager, were sentenced to six-month prison terms and fined for a failed quality test of a food product. Legal action was taken after issues were flagged with Patanjali Navratna Elaichi Soan Papdi in Pithoragarh, Uttarakhand.

1 min read19 May 2024

‘Misrepresented…’ says Asian Paints after MD & CEO Amit Syngle’s comments to investors on India’s GDP numbers

Asian Paints clarified to the exchanges that MD and CEO Amit Syngle’s comments on India’s GDP as misrepresented, stating they were in response to a query on the correlation between paint industry growth and GDP.

2 min read16 May 2024

Who is Salim Ramji, Vanguard’s new CEO — All you need to know about the former BlackRock executive replacing Tim Buckley

Salim Ramji, a former BlackRock executive, has been appointed as Vanguard Group’s new CEO and board member. Ramji was considered a potential successor to CEO Larry Fink at BlackRock before his departure in January this year.

3 min read15 May 2024

‘Not very sure how GDP numbers are coming..’ Asian Paints CEO Amit Syngle says it does not ‘correlate with core sectors’

Asian Paints MD and CEO Amit Syngle said the GDP correlation has gone for a toss in the current year. The GDP numbers being talked about do not seem to correlate to core sectors such as steel and cement.

2 min read15 May 2024

Kumar Mangalam Birla’s Novelis plans $1.2 billion worth US IPO as early as June, targets $18 billion valuation

Novelis Inc., owned by Hindalco Industries Ltd., plans to complete a US IPO in early June to raise $1.2 billion with a target valuation of $18 billion. The company filed publicly with the SEC and is working with Morgan Stanley, Bank of America, and Citigroup for the NYSE listing.

1 min read14 May 2024

SoftBank climbs 1.89% on reports of subsidiary Arm Holdings’ plan for AI-powered chips by 2025

SoftBank Group’s stock rose ahead of its earnings report, fueled by reports of Arm Holdings developing AI-powered chips for a 2025 launch.

2 min read13 May 2024

Adani Enterprises to invest ₹80,000 crore in FY25 in new energy, airports, roads, PVC biz and data centres

Saurabh Shah, deputy chief financial officer at Adani Enterprises told analysts the company is looking at a capex of about ₹80,000 crore in FY25. A major chunk of this — ₹50,000 crore will go towards ANIL and airports businesses.

2 min read12 May 2024

Apple after Tim Cook? A look at the likely next CEO John Ternus

Speculation arises about Tim Cook’s successor at Apple, with John Ternus seen as the frontrunner per Bloomberg. Ternus, known for leading Apple’s hardware engineering, is favoured due to his managerial characteristics and Cook’s respect.

2 min read9 May 2024
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The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared

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