KRISHNAMURTHY
Despite discounts, SUVs continue being vehicles of choice: Srikumar Krishnamurthy, ICRA
ICRA VP Srikumar Krishnamurthy discusses post-COVID PV segment recovery driven by pent-up demand, new SUV launches, and government support for hybrid/CNG vehicles. Despite an elevated base, higher inventory, and softened demand, utility vehicles remain preferred. Temporary discounting reflects a pre-festive marketing strategy, highlighting OEMs' competitive intensity and M&M's celebratory offers.
Excess rainfall, untimely sowing likely to hit some kharif crops
"This year, La Nina will develop in July. It is expected in a La Nina year to get more rainfall in the second half of the monsoon season," said M Rajeevan, former secretary, Ministry of Earth Sciences. "The rainfall in the month of September is good during La Nina and it usually gets extended for a few weeks in October."
Axiscades Technologies to supply drone systems to Indian Army under Rs 100 crore order
Axiscades Technologies announces a Rs 100 crore order to deliver Man Portable Counter Drone Systems to the Indian Army. The system, capable of operating on battery and main power supply, can detect and jam various drones up to 5 kilometers away. The company plans to complete all deliveries by 2024. CEO Arun Krishnamurthi highlights the innovation in providing advanced security solutions to meet the armed forces' needs.
Delhi prepared for Lok Sabha elections with special initiatives, free rides and discounts
To boost voter turnout, the Chief Electoral Office has partnered with Rapido to offer free rides home after voting. Voters will also receive special coupons from Zomato and Swiggy, and various restaurants will provide discounts upon showing voting ink.
NCLT sets the ball rolling on merger of Reliance's arm Viacom18 and Star India
The merger scheme has two stages: the transfer of Viacom18's TV and streaming assets to Digital18 and the demerger and vesting of these assets from Digital18 to Star India. As consideration for the scheme, Viacom18 will transfer streaming platform JioCinema to Digital18, which will pay the company a consideration of Rs 24,186 crore through an allotment of 24.18 billion fully paid-up shares of Rs 10 each.
Indian economy can grow at 8 per cent till 2047: Krishnamurthy Subramanian
India's Executive Director at the International Monetary Fund, Krishnamurthy Venkata Subramanian, said India's economy could grow at 8% until 2047 if good policies are redoubled and reforms accelerated. He emphasised the need to strengthen the domestic economy and encourage job creation in the manufacturing sector through reforms in land, labor, capital, and logistics sectors. Subramanian highlighted the potential for India to become a USD 55 trillion economy by 2047 if it maintains an 8% growth rate.
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How India can be $55-trillion economy by 2047? KV Subramanian explains
Subramanian envisions India's growth potential, projecting an $55 trillion economy with 8% growth. He emphasizes the significance of policy reforms, formalisation, and digital infrastructure in sustaining economic momentum towards a prosperous future. Subramanian further says: "We cannot afford a lost decade like we had from 2004 to 2014 and we also need to double down on reforms."
Whale tank: The upscale societies where uber-rich tech and startup czars stay connected and network with one another
In Bengaluru, houses in the Billionaires' Street (Koramangala), Epsilon Villas or Adarsh Palm Retreat (APR) are owned by the likes of Sachin and Binny Bansal, Flipkart cofounders, and its CEO Kalyan Krishnamurthy along with a few Infosys co-founders and the Raveendrans. The owners of several new-age firms such as Unacademy's Gaurav Munjal, PhonePe's Sameer Nigam, Meesho's Vidit Aatrey, the Zetwerk founders dot the palm tree and Mercedes-lined APR. 'India's CTO' Nandan Nilekani, Wipro owners - the Premjis, and Rahul Dravid also own homes in Koramangala, where property rates have already built a formidable moat of exclusivity.
"Don't follow random influencers": Tata Memorial Hospital doctor's caution to Nithin Kamath and public
The doctor emphasised the potential dangers of misinformation on social media, advising against trusting individuals who lack proper scientific credentials and rely on vague statements like "Trust me." He further stressed the importance of seeking medical advice only from qualified professionals with a strong scientific background.
Flipkart CEO confirms top-deck exits; Paytm stock on upswing
Flipkart group CEO Kalyan Krishnamurthy on Tuesday informed staff about senior-level exits in the ecommerce major, confirming ET’s scoop. More on this in today’s ETtech Top 5.
Flipkart CEO Kalyan Krishnamurthy confirms SVP exits in communication to staff
Flipkart CEO Kalyan Krishnamurthy told his staff in an internal communication that Cleartrip’s head Ayyappan R, marketplace and categories leader Amitesh Jha, fintech and payments head Dheeraj A, and growth and retention head Bharath Ram are exiting the firm. ET first reported about this on Tuesday.
Former CECs SY Quraishi, TS Krishnamurthy lauds SC verdict on electoral bond
A five-judge apex court bench, headed by Chief Justice of India D Y Chandrachud, said the electoral bonds scheme violates the right to information and the freedom of speech and expression under the Constitution. It also ordered the State Bank of India to disclose to the Election Commission the names of the contributors to the six-year-old scheme for political funding.
Cost structure of logistics biggest challenge for ecommerce: Flipkart CEO
Speaking at Walmart Growth Summit, Flipkart CEO Kalyan Krishnamurthy said the government has simplified taxation and adopted ease of doing business as a strategy, which is one of the factors driving growth of the ecommerce segment.
HUL announces top-level rejig, Shiva Krishnamurthy joins management committee
Srinandan Sundaram, Executive Director, Foods and Refreshment, will take over as the Executive Director, Homecare, HUL.
By Invite: Inclusive Budget lays strong foundation for viksit Bharat - Kalyan Krishnamurthy
Reflects commitment to sustainable growth, in harmony with people and environment
Flipkart close to profitability: CEO Kalyan Krishnamurthy tells staff
While Flipkart has been working to reduce its costs for the past two years, this is the first time Krishnamurthy has spoken publicly to employees about profitability.
Tighten your fiscal belt or sink: IMF ED Krishnamurthy Subramanian warns select states
Punjab, Himachal Pradesh, Kerala, West Bengal, Andhra Pradesh must cut unproductive expenditures, says Krishnamurthy V Subramanian. The former Chief Economic Advisor also said that states with large revenue deficits will find it tough to get out of debt as these are also the states where the growth rate of state GDP is not so high.
No shortcut to success: Indian MIT graduate reveals she ‘knocked on 100s of doors’ to land a job at NASA
The MIT graduate revealed how she was dismissed by several detractors who told her that as a foreign national, she would be unable to land a job at NASA.
104 Indians of the total 165 players set to be part of Women's Premier League season 2 auction
The Women's Premier League (WPL) will auction 165 players, including England's Danni Wyatt, Sri Lanka's Chamari Athapaththu, India's Priya Punia, Veda Krishnamurthy, and West Indies' Deandra Dottin, on December 9 in Mumbai. The auction list includes 104 Indian players, 61 from other countries, 56 capped players, and 109 uncapped players.
360 ONE Wealth ropes in Satheesh Krishnamurthy to head HNI business
Prior to joining 360 ONE Wealth, Krishnamurthy was associated with Axis Bank and played a pivotal role in launching the brands of the bank and private banking clients.
Bengaluru-based cardiologist slams Narayana Murthy’s 70-hr-a-week work schedule, says it can compromise heart health
A 2016 WHO report revealed that 347,000 people, who died from heart attacks that year, worked more than 55 hours a week.
ET Startup Awards 2023: Jury looks for startups with clear path to financial sustainability
In the run-up to the ET Startup Awards 2023 jury meeting on September 12, ETtech will bring you what the jury members expect in a winner.
ETtech Explainer: What are down rounds and will they become the norm for Indian startups?
A down round is when a privately held firm raises funds at a valuation lower than that ascribed in the previous round.
Flipkart Health+ CEO Prashant Jhaveri to leave, company names internal replacement
Jhaveri, who was earlier chief business officer (CBO) at Apollo Health, will be replaced by internal candidate Kanchan Mishra, sources said.
Bogged down by failure? Former CEA K Subramanian recalls how his advice of chanting Hanuman Chalisa helped teen navigate admission woes
An alumnus of the prestigious IIT Kanpur & IIM Calcutta, Dr. Krishnamurthy Subramanian is one of the leading economists in India.
Ex-Chief Economic Advisor Krishnamurthy Subramanian tweets why decision to withdraw Rs 2,000 currency notes is important
In a long tweet posted on Saturday, Krishnamurthy Subramanian said, "As we have seen in several raids, where mountains of currency stored using the Rs 2000 note were uncovered, all these instances of hoarding of cash involved Rs 2000 notes. As the use of the Rs 2000 note as a medium of exchange has declined significantly, it is being used primarily to hoard money."
Uber's diversity chief put on leave after complaints of insensitivity
Dara Khosrowshahi, Uber's CEO, and Nikki Krishnamurthy, chief people officer, last week asked Bo Young Lee, head of diversity, "to step back and take a leave of absence while we determine next steps," according to an email Thursday from Krishnamurthy to some employees that was viewed by The New York Times.
Rs 2000 note withdrawal will not affect common man: Ex-CEA Krishnamurthy Subramanian
Former Chief Economic Advisor Krishnamurthy Subramanian believes that the Reserve Bank of India's withdrawal of the Rs 2,000 note "will not affect the common man of the society." The former CEA claims that the cash in circulation of the 2000 notes is only 10% and that most common people opt for digital transactions. Digital money is being used in every part of the country, making things easier for everyone involved, he said. According to a report from BCG, digital transactions worth up to $3tn are expected by 2026.
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