Page 3 - India Market

'India a big market; good to have stronger Lufthansa-Air India partnership'

India is a big aviation market and a stronger partnership between Air India and Lufthansa is good, as efforts of the Star Alliance are to bring the partners together to provide a unique value proposition for the passengers, the airline grouping's CEO Theo Panagiotoulias has said. Air India and Lufthansa are part of the Star Alliance, whose 26 member airlines come together at more than 50 global hubs to offer smooth connections across a global network. A management company, based in Frankfurt and Singapore, coordinates Star Alliance projects and activities. It includes airport co-location, digital infrastructure, frequent flyer integration and joint business lounge projects to improve the travel experience. Talking to PTI on the sidelines of IATA annual general meeting in Dubai this week, Panagiotoulias was bullish about the prospects in the Indian market that offers "so much of opportunities". "The alliance is to bring the partners together to provide a unique value proposition...

New election mantra for markets: Buy on exit polls, sell on results

Markets have outperformed on exit poll days, with limited gains on results

How is Amit Shah's portfolio performing as BJP limps in Lok Sabha polls?

Other major holdings in his portfolio encompass ITC (down 3%), VIP Industries (down 7%), Infosys (down 1.5%), Grindwell Norton (down 3.5%), Cummins India (down 13%)

Sebi makes nominations optional for jointly-held mutual fund accounts

Capital markets regulator Sebi on Wednesday made the nomination optional for jointly-held mutual fund accounts in a bid to promote ease of doing business. Additionally, Sebi allowed fund houses to have a single fund manager to oversee commodity and foreign investments. This would reduce the cost of managing the fund. These came after a working group constituted by Sebi reviewed mutual fund regulations and recommended measures to promote the ease of doing business. Based on the recommendation of the working group, a public consultation was carried out suggesting the option to make joint mutual fund account nominations optional and permitting fund houses to have a single fund manager to oversee commodity and foreign investments. "Accordingly, it has been decided that the requirement of nomination ....for mutual funds shall be optional for jointly held mutual fund folios," the Securities and Exchange Board of India (Sebi) said in a circular. Experts believe that the relaxation of ...

Taking learnings from India, replicating them globally: Amazon Prime head

Ghani says that the firm is making investments in infrastructure and last-mile capabilities to improve delivery speeds

Market expectations

Global factors may drive markets in the new Samvat

Ikea India expects double-digit growth, to sell festive dedicated items

The Swedish furniture major is also changing its food menu to offer more local products, depending on where the store is located

RBI's unpredictability on NDF market makes lenders wary, say bankers

Already banks are reducing the size of their books -- from about $25 billion last year to under $1 billion now, in the case of a large public sector bank

Markets snap six-day losing streak; Sensex ends 635 points higher

Nifty ended the session at 19,047, with a gain of 190 points or 1.01 per cent

DAEWOO plans India comeback in new avatar, to launch electric bikes, cycles

The company is entering the market for the second time as it is confident of India's robust economic growth and surging consumer demand

India is the top market in terms of growth rate in APAC for Lacoste

Meyer added that the buying power of the Indian consumer is on the rise in India, thus also pushing up disposable incomes, and expects it to grow much further

No slowdown in tech spend in domestic market: IBM India's Sandip Patel

Burton opined that if one compared the tech spend ratio to the gross domestic product of the company in the developing economy, it only points to increased spending

Japan's Mercari opens centre of excellence in Bengaluru, its first in India

E-commerce firm aims to double its workforce in India to more than 80 employees

Investors in India see yet another year of high rates on price shock

Overnight-indexed swaps show that India's borrowing costs are likely to decline only in the second half of 2024, a shift from earlier when they were pricing in two reductions after the June meeting

Indian economy to be the fastest-growing in FY24, says World Bank

Global growth forecast lifted to 2.1%

Samsung launches new OLED TV with Neural Quantum Processor 4K in India

Samsung on Thursday announced the launch of its new OLED TV range which comes with Neural Quantum Processor 4K in India

Blue Star targets to achieve 15% market share by FY25 in room AC segment

Blue Star Ltd is targeting to achieve a market share of 15 per cent by FY2025 in room air conditioners segment, according to company's Managing Director B Thiagarajan. The air-conditioning and commercial refrigeration major is also targeting to sell one million units this year as against over 8 lakh last year. They are targeting a market share of 15 per cent from present 13.5 per cent, Thiagarajan said here on Tuesday. Blue Star is also eyeing a good growth from the north Indian markets, including Punjab and Jammu and Kashmir. In J&K, the company commands a market share of 14 per cent, he said. He was interacting with reporters here after unveiling Blue Star Ltd's comprehensive range of air conditioners, including "best-in-class affordable" range and a "flagship premium" range, for the summer season. Overall, the company has launched nearly 75 models across the spectrum of inverter, fixed speed and window air conditioners, and across price points to cater to every consumer ...

India to be among top 5 markets for Cisco globally by 2025: Chittilapilly

Telecom gear maker Cisco is bullish about India's business prospects where rapid digitisation across sectors and 5G play are fuelling robust growth, a top executive said on Monday, adding India is well on its way to be counted among top five markets for the company globally by 2025. On the new regulations in offing in India's telecom and IT sectors, Daisy Chittilapilly, President, Cisco India and SAARC, told PTI that guardrails are important and "needed" as connectivity improves, digital touches lives of more and more people, and new areas such as AI emerge. The guardrails are in fact good for the industry and Cisco is supportive of any regulation and law that drives towards establishing such guardrails, she said, lauding the extensive industry-wide consultations being undertaken by the government, as new rules are drafted in tech and telecom sectors. The company believes that the Indian market will be resilient for the next decade in terms of growth. Chittilapilly said India has b

Lamborghini sees opportunity to enhance growth in Indian market: Chairman

Italian automaker Automobili Lamborghini sees an opportunity to enhance growth in the Indian market through its hybridisation programme and move towards full electric mobility, according to company Chairman and CEO Stephan Winkelmann. With the changing geopolitical situation altering global supply chains, the supersports car maker is widening its sourcing base which could be beneficial for the Indian components suppliers. "I think that the Indian market is able to digest our first step into electrification and hybridisation because a lot of our drives are also very well equipped with self-charging while driving the car. So, this is a positive thing because they are plug-in hybrids, but they are also easy to recharge while driving," Winkelmann said in an interaction. Further, he said, "This is going to foster our image of performance cars but also that we are serious in our terms of sustainability and we are very credible in the things we are doing. So we see that there is also a ...

Over 30,000 substandard toys seized so far this financial year: Govt

Over 30,000 substandard toys have been seized so far this fiscal year by enforcement agencies, the government on Friday said. In a written reply to Rajya Sabha, Food and Consumer Affairs Minister Piyush Goyal said: "In order to curb the sale of non-ISI certified toys and to ensure implementation of Toys Quality Control Order, 2020, 100 search and seizure operations were carried out in the 2021-22 and 2022-23." "During the search and seizure operations conducted by BIS, a quantity of 9,565 and 30,229 was seized during the year 2021-22 and 2022-23 (up to January 25, 2023) respectively," he added. The minister said that safety of toys is under compulsory Bureau of Indian Standards (BIS) certification from January 1, 2021 as per the Toys (Quality Control) Order, 2020 issued by the Department for Promotion of Industry and Internal Trade (DPIIT) under Section 16 of the BIS Act, 2016. Accordingly, it has been compulsory for toys to conform to the corresponding Indian Standards for Safety