Daimler Truck, one of the world’s biggest truckmakers, reported a 5 per cent decrease in second-quarter sales on Monday, dragged by lower demand in the US market. The company said it sold 106,715 trucks and buses in the second quarter, compared with 112,195 a year earlier. The Trucks North America sales dropped 20 per cent … Read more
Jefferies report predicts India’s corporate revenue slowdown in FY26 due to weaker nominal GDP growth. | Photo Credit: iStockphoto Corporate revenue growth in India may face a slowdown in the coming financial year due to weaker nominal GDP growth, according to a recent report by Jefferies. The report estimates that India’s nominal GDP growth is … Read more
An infectious diseases specialist, Dr Abdul Ghafur has been looking at “superbugs” – drug-resistant organisms like bacteria -for the last two decades. Now he’s looking to tap the potential of the good bugs . “I am a bug expert, and I’ve been working in the superbug world for the last 20 years, and that’s a bad … Read more
A historic outing with the bat by skipper Shubman Gill, a ten-wicket haul by pacer Akash Deep were the highlights of a total team effort as India ended their winless streak at Birmingham, securing a 336-run win over England during the second Test on the final day on Sunday. With this win, India has levelled … Read more
In India, the per capita annual consumption of edible oil is 18 kg and that of sugar is around 20 kg, trade data shows. Consumption of edible oil and sugar in last 2-3 months has dipped due to various factors including weather, prices and shifting preferences, according to industry players. The drop also coincides with … Read more
Representative image | Photo Credit: agnormark The Indian Bureau of Mines (IBM), under the Ministry of Mines, will felicitate top-performing mines across the country at a national-level ceremony in Jaipur on Monday, recognising their adherence to sustainable and responsible mining practices under the ‘Star Rating’ scheme. Union Coal and Mines Minister G Kishan Reddy will … Read more
OPEC+ is pushing barrels into a market that is widely expected to be oversupplied later in the year. | Photo Credit: Dado Ruvic OPEC+ will increase oil production even more rapidly than expected next month, as the group led by Saudi Arabia seeks to capitalise on strong summer demand in its move to reclaim market … Read more
Merger Magician, Takeover Titan – those were just some of the sobriquets given in the 90s to Susim Mukul Datta, one of the tallest FMCG leaders in India. SMD, as he was fondly known as, was a true example of the CEO factory that Hindustan Unilever (HUL) was in the old days. He joined the … Read more
The original intended purpose of derivatives when it was apparently first introduced around 1800s was to manage risk. But it has since evolved into a speculation tool that has ironically increased the risk in the system akin to tail wagging the dog. History is replete with instances of financial crises getting accentuated by the excessive … Read more
Brightcom Group Limited, the ad-tech company which was under SEBI scanner for violation of accounting norms, has said that the BSE and NSE have revoked the suspension in trading of its shares. Consequently, trading in the company’s shares will resume on July 14. Brightcom Group has affirmed that it diligently complied with all necessary regulatory … Read more