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…
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…
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,…
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…
There is no single formula. Genetics, economy, culture, and access to food all play a role. But experts agree on one thing: obesity is not only an individual issue. It is shaped by environments, policy decisions, marketing, and urban lifestyles. The growing concern is serious. WHO-backed studies now estimate that more than one billion people…
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…
Royal Challengers Bengaluru held their nerve in a last-ball thriller to knock Mumbai Indians out of IPL 2026 with a dramatic two-wicket win at the Shaheed Veer Narayan Singh International Stadium on Sunday. Chasing 167 on a surface that challenged batters throughout, RCB were carried by Krunal Pandya’s fighting 73 and a sensational finishing burst…
NEW DELHI: Government has now allowed venture capital, private equity, infrastructure and pension funds to bid for highway projects under Public-Private Partnership (PPP) model, marking a paradigm shift since the sector was opened to private players in the early 2000s. So far, only highway developers and construction companies were eligible to bid for such projects.The…