The Competition Commission of India has ordered a detailed probe into French spirits giant Pernod Ricard and seven other entities for alleged cartelisation in the Indian-made foreign liquor market. The investigation will examine restrictive conduct by Pernod Ricard with retailers and wholesalers, potentially violating competition laws. The CCI’s Director General will lead the inquiry, looking…
MUMBAI: Indian banks are navigating a paradox where credit growth is outstripping deposit growth but margins are under pressure. On paper, a scenario where credit outstrips deposit growth should be a recipe for soaring profitability. However, a deeper look into the recent earnings calls of major public sector lenders shows that margins remain under pressure…
NEW DELHI: Swiss pharma major Novartis is sharpening its strategy in India as a pure-play innovator across core therapy segments, including cardiovascular, oncology and immunology, after divesting its stake in its listed arm earlier this year.Significantly, India increasingly contributes to nearly every molecule that Novartis commercialises globally, and is moving further up the value chain,…
US President Donald Trump’s “Gold Card” visa scheme is struggling to win over the wealthy foreigners it was designed to attract, with several immigration lawyers warning clients to stay away from the programme over legal and financial concerns.According to a Washington Post report, attorneys who advise ultra-wealthy clients say ongoing litigation, tax complications and uncertainty…
MUMBAI: Net outflow by foreign portfolio investors (FPIs) from the stock market for the current year crossed the Rs 2-lakh-crore mark for the first time ever. This also showed up in aggregate foreign holding in Indian stocks falling to a 14-year low at 14.7%, a level much below the comparative data for domestic institutions, which…
NEW DELHI: Gig and platform workers need to work for at least 90 days annually with an aggregator to avail of social security benefits, said the final set of rules formulated under the new Code on Social Security (CoSS). In case a worker is engaged with multiple aggregators, the threshold is raised to 120 days,…
NEW DELHI: Crude oil prices are likely to stay higher for longer due to the disruption caused by the longer-than-expected Middle East crisis, ADB Chief Economist Albert Park has said.“With a higher oil price expectation, we actually have it as USD 96 per barrel as average for 2026 as per the new reference scenario. It…
Kiara Advani recently opened up about her childhood, parenting, and how motherhood has changed her perspective on life. In a recent conversation, the actress reflected on growing up in a loving household, becoming more self-aware after marriage, and the kind of environment she wants to create for her daughter.Talking about her upbringing, Kiara shared that…
Stanley Baldwin (Image: Wikipedia) Some quotes still resonate decades after they were uttered because they deal with ideas that transcend generations. One such statement was made by the former British Prime Minister Stanley Baldwin, who once said, “I would rather trust a woman’s instinct than a man’s reason”. Although the quote is short and simple,…
Royal Challengers Bengaluru’s Bhuvneshwar Kumar (AP Photo) Bhuvneshwar Kumar continued his impressive IPL 2026 campaign with another brilliant spell for Royal Challengers Bengaluru during their clash against Mumbai Indians in Raipur on Sunday. The veteran pacer finished with outstanding figures of 4/23 from his four overs, once again showing why he has been one of…