Author: TI Editor

With competition for eyeballs getting increasingly fierce on social media, digital influencers are testing out physical events to increase their chances of getting noticed and take in valuable feedback. Such events also provide brands a new opportunity to propagate their messages and improve returns on their investment on such influencers. To be sure, it is but a nascent journey that not many have been brave enough to embark on, simply because the costs of physical events often lead to financial losses. Take Ghelani, 31, a Mumbai-based creator of comedy and lifestyle content. Ghelani, who has more than 1.3 million followers…

Past performanceOver the past one-year period, amid weakness in stock markets, multi-asset funds as a category have delivered average returns of 9.2%. Within the category, certain multi-asset funds have delivered higher returns. The stock market benchmark Nifty 50 has fetched a little over 2.6% in the same period. On a five-year rolling basis, multi-asset funds have delivered returns of 13% on an average between 21 February 2020 and 21 February 2025. Five-year rolling returns are simply five-year returns rolled daily between the above-mentioned dates. The same analysis shows that multi-asset funds have delivered a maximum of 30% five-year returns; the…

New Delhi: India’s competition watchdog has cleared stricter penalty recovery rules to prevent erring parties from delaying payments by filing frivolous appeals, according to two people aware of the development. The Competition Commission of India (CCI) has approved an overhaul of its norms to allow issuing a demand notice to the erring enterprise to recover the penalty alongside the adjudication order holding them guilty, the people said on the condition of anonymity as details are not public yet. This is a departure from the current practice of issuing demand notice after the period specified in the CCI order to pay…

Bengaluru-headquartered Infosys Ltd wants an early extension of the eight-year contract signed in December 2020 with German automobile major Daimler, the people added, with a new revenue arm added that brings in artificial intelligence (AI) tools into the deal. The Daimler project, dubbed ‘twice as fast program’ inside Infosys, has the company offering solutions in six areas—network, security, SAP basis, data centre, workplace, and operations—and assures it of average annual revenue of $400 million, according to the two people cited earlier. The data centre business brings in $160 million revenue annually, while the remaining software and hardware components bring in…

Mumbai: Bavaguthu Raghuram Shetty, the embattled Indian entrepreneur who founded the UAE’s largest private healthcare chain, said he was “shocked” after a Dubai court ordered him to pay nearly ₹1,000 crore to ICICI Bank, and vowed to appeal the decision.The Dubai International Financial Centre Court last Monday ordered Shetty to pay ICICI Bank $106 million (about ₹920 crore) in lieu of his personal guarantees for loans taken by his now-bankrupt company.“I am definitely filing an appeal against this judgement, and I’m very confident that this judgement will be overturned by the appeal court. Ultimately truth will prevail, and I will…

The Indian government has taken immediate and decisive action to control the export of unapproved combination drugs containing Tapentadol and Carisoprodol manufactured by Aveo Pharmaceuticals, Mumbai, to certain countries in West Africa, the ministry of health and family welfare said in a statement.The ministry said that in January, the Central Drugs Standard Control Organisation (CDSCO), in collaboration with state regulators, had focused on auditing firms manufacturing and exporting drugs covered by the Narcotic Drugs and Psychotropic Substances Act 1985.”Based on analysis of observations from the audit, important decisions were taken to strengthen regulatory oversight on export of NDPS drugs from India,”…

The move may pose a challenge to Google’s significantly larger technology ecosystem, which saw the Android operating system platform power over 92% of the new phones that were sold in India last year. Between them, Apple and Google cumulatively control more than two out of every three consumer gadgets in the world. And, for the Big Tech duo, India’s developer base is crucial to offer its users the latest suite of applications. Data from Microsoft-owned GitHub, the world’s largest platform for developers, showed that as of October, India was the world’s second-largest base for developers worldwide, behind only the US,…

(Reuters) – Australian software maker WiseTech Global said on Monday four of its non-executive directors have decided to step aside owing to differing views around the role of the company’s billionaire founder and former CEO Richard White, sending its shares tumbling 18%. Lisa Brock, Richard Dammery, Michael Malone and Fiona Pak-Poy are set to resign after the company’s half-year results are released on Wednesday. WiseTech said in October that White would step down from his role as CEO after media reports of allegations about his personal life, including payments to an alleged former lover. The company had appointed finance chief…

BluSmart Mobility, an electric cab-hailing service, defaulted on ₹30 crore worth of bonds in early February because of a cash crunch, said two people aware of the development.The Gurugram-based company paid the holders of non-convertible debentures (NCD) over the weekend, said the people cited above on the condition of anonymity. However, the initial delay caused the trustee of the NCDs to trigger a “cross-default” and call a meeting on March 17. A cross-default puts a borrower in default on all obligations if it fails to repay one on time.The NCD payment of ₹30 crore at a coupon rate of 12%…

Three senior bankers told Mint that a reduction of interest rates would not be immediate because of the paucity of liquidity, at a time when lenders were fearful of losing customers and did not want to lower deposit rates. Among several measures, the regulator on Friday announced a three-year dollar swap of $10 billion, barely a month after a six-month swap of $5 billion. It has also conducted open market operations or OMOs and variable rate repo (VRR) auctions to infuse liquidity. Despite RBI’s moves, liquidity has stayed in deficit since mid-December. After peaking at ₹3.3 trillion on 23 January,…