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English EditionEnglish Editionहिन्दीગુજરાતીमराठीবাংলাಕನ್ನಡമലയാളംதமிழ்తెలుగు | 03 May, 2023, 09:49 AM IST | Today's Paper Sign In Special Offer on ETPrime Search + Home ETPrime Markets News Industry Rise Politics Wealth Mutual Funds Tech Careers Opinion NRI Panache ET NOW More Tech Consumer Markets Corporate Governance Telecom + OTT Auto + Aviation Pharma Fintech + BFSI Economy Infra Environment Energy Extras PRIMESHOTSPrime VantagePrime DecoderCollections Business News›Prime INTRODUCING EXCLUSIVELY FOR PRIME MEMBERS Experience your Economic Times newspaper, the digital way. Read Today's Print Edition INTRODUCING EXCLUSIVELY FOR PRIME MEMBERS Experience your Economic Times newspaper, the digital way. Read Today's Print Edition READ. LEAD. SUCCEED. ET PRIME - FOR MEMBERS ONLY * Sharp Insight-rich, Indepth stories across 20+ sectors * Access the exclusive Economic Times stories, Editorial and Expert opinion START YOUR MEMBERSHIP Aviation AS GO FIRST LANDS HEAD FIRST IN A CRISIS, WHAT HAPPENS NEXT TO CASH-RICH WADIAS’ BROKE AIRLINE? Go First joins the league of Jet Airways in the hangar which has been languishing to take off since 2019. Though the airline would want to iron out things, it doesn’t look like it may have much financial support. Other airlines are ready to grab the spoils. Besides, how will Go First’s exit from the market impact the passenger? 9 mins readBy Tarun Shukla Disputes Lifesaver to litigant: how a Covid-19 drug drove a wedge between Max Healthcare and Novacare Ronapreve came as a boon at the peak of the Delta wave in 2021. But as the injection turned ineffective against the Omicron variants, stocks piled up. While Novacare, the distributor, says Max defaulted on dues, the hospital group alleges misrepresentation in the matter. However, the dispute highlights larger issues regarding risks related to innovative drugs and pharma cold chains. Audio Summary01:22 6 mins readBy Vikas Dandekar Education The real market size of India’s education sector, and whether it can be a mega sectoral opportunity Home to one of the youngest populations globally, India’s education sector statistics are stunning — 260 million children enrolled in 1.5 million schools nurtured by 9.7 million teachers. But those broad numbers do not mean an addressable market size and ready-to-tap customer segments. Why? 5 mins readBy Debleena Majumdar Economy Slow growth is weighing on world GDP. Can India defy global headwinds to be the next superpower? After witnessing growth spikes of 8%-plus in 2015-16, India is now averaging at 6% or below. While the slowdown is the result of larger forces at play within the global economy, to stand out India must make extraordinary efforts, like China, OECD nations, and Asian tigers have taken in the past. Can India surpass China on the global stage? 8 mins readBy Anurag Singh 5 insights to kick-start your day, featuring more bad news for Adani 5 mins readBy Richa Sharma , Anand J , Rajiv Ghosh , Isha Trivedi & Shubhangi Palve Strategy Stock Radar: 20% in a month! REC breaks out of Ascending Triangle pattern; time to buy? 3 mins readBy Kshitij Anand 6 midcap stocks that have beaten volatile markets can rise up to 38% 11 mins read These largecaps have an upside potential of more than 25% 17 mins read Divided house: Top Nifty IT stocks analysts suggest to 'buy' and 'hold' 12 mins read GREENTOONS More From GREENTOONS * 03 May, 2023 * 02 May, 2023 * 28 April, 2023 * 27 April, 2023 RECENT STORIES More From Recent Stories * FintechDelinquencies, subpar collection systems: The holes in ZestMoney’s books that broke the PhonePe deal 8 mins readBy Anand J HealthcareManipal Health has set its sights on the top spot. Can it get there amid the intense competition? 9 mins readBy Isha Trivedi Artificial intelligenceAI is incredibly exciting; call to pause developments can be counter-productive: Sebastian Thrun 7 mins readBy Kanika Saxena * EconomyChina is the new IMF for distressed smaller nations. Can yuan dethrone the dollar? 10 mins readBy Sunny Verma 3 insights to kick-start your day, featuring Trouble at Byju’s 3 mins readBy Debleena Majumdar , Taslima Khan & Swathi Moorthy Green tech‘An opportunity’: Inside Tata Steel’s green transition, as EU pulls the plug on high-carbon imports 10 mins readBy Richa Sharma * InvestingWith sugar futures at a 11-year high, is this a sweet time to invest in Balrampur Chini and EID Parry? 7 mins readBy Rochelle Britto & Sunny Verma PhilanthropyCan Nithin Kamath’s Rainmatter lead a Zerodha-like shakeup in the rural ecosystem? 14 mins readBy N Sundaresha Subramanian AutoWhat’s delaying Maruti Jimny, Fronx pricing, and why getting a sweet spot in the SUV space is tough 10 mins readBy Shobha Mathur * JobsNo industry for freshers: techies feel the heat as IT firms go on a hire-and-fire mode 8 mins readBy Jochelle Mendonca AutoIndia’s highways are getting better, and why that’s the reason you should chuck that worn-out tyre 5 mins readBy Rajiv Ghosh FMCGWhat is contributing to Nestlé India’s market dominance? No, it’s not Maggi but Cerelac. 10 mins readBy Rochelle Britto * EconomyWhy the US-India relationship is the key to the next era of globalisation 9 mins readBy Fareed Zakaria & Hemant Taneja JobsNo industry for freshers: techies feel the heat as IT firms go on a hire-and-fire mode 8 mins readBy Jochelle Mendonca InvestingWant to make money amid high volatility? Keep a close eye on chart patterns. 6 mins readBy Rekhit Pachanekar * StrategyThe time’s ripe and Apple is ready: decoding the iPhone maker’s India strategy shift 9 mins readBy Shelley Singh Green tech‘An opportunity’: Inside Tata Steel’s green transition, as EU pulls the plug on high-carbon imports 10 mins readBy Richa Sharma EnvironmentCan a ‘green’ payment system change the way we live and consume? Not right now, but eventually 6 mins readBy Sudipto Dey * PhilanthropyCan Nithin Kamath’s Rainmatter lead a Zerodha-like shakeup in the rural ecosystem? 14 mins readBy N Sundaresha Subramanian InsuranceReliance Industries’ plan to enter insurance and AMC businesses could create ripples in the market 9 mins readBy Kumud Das Policy and regulationsStaring at sovereign default, Pakistan desperately seeks its ‘Sputnik moment’ 11 mins readBy Sunny Verma & Richa Sharma * Under the lensInside the agony of lay-offs, from over-hiring to investor pressure, and much else in between 5 mins readBy Debleena Majumdar MarketsWe may see the real impact of rising interest rates in FY24: Somasekhar Vemuri of Crisil 12 mins readBy Priyanka Salve AviationDelayed salaries, grounded planes, high attrition: where is Go First headed? 12 mins readBy Tarun Shukla * EnergyAfter many twists and turns, how RIL’s KG basin gas output and price realisation are rising 6 mins readBy Prashant Mukherjee 4 insights to kick-start your day, featuring a new airline, coming soon 4 mins readBy Tarun Shukla , Jochelle Mendonca , Richa Sharma & Rochelle Britto Trending in Prime:Tata SteelByju’sBalrampur ChiniSebastian ThrunChina Overseas BailoutPine LabsFederal BankIndian HighwaySahara GroupInvestment DecisionJSW GroupNestle IndiaMankind Pharma IPOJaypee InfratechGold's Role in India GrowthAntlerElectric CarAppleSovereign BondsNithin KamathFantasy Gaming AppMaruti SuzukiIndia Sudan EvacuationPakistan IMF Bailout PackageIndia US RelationshipInfosysBlinkit StrikeJoshimathNykaaXi Jinping POPULAR WITH READERS * Aviation Delayed salaries, grounded planes, high attrition: where is Go First headed? 12 mins readBy Tarun Shukla * Divided house: Top Nifty IT stocks analysts suggest to 'buy' and 'hold' 12 mins read * These largecaps have ‘Strong Buy’ & ‘Buy’ reco and upside potential of more than 25% 17 mins read * Economy China is the new IMF for distressed smaller nations. Can yuan dethrone the dollar? 10 mins readBy Sunny Verma * 6 midcap stocks that have beaten volatile markets can rise up to 38% 11 mins read * Why PLI for cellphone making should be mostly for export, not domestic market 6 mins readBy Swaminathan S Anklesaria Aiyar * Fintech Delinquencies, subpar collection systems: The holes in ZestMoney’s books that broke the PhonePe deal 8 mins readBy Anand J * Healthcare Manipal Health has set its sights on the top spot. Can it get there amid the intense competition? 9 mins readBy Isha Trivedi * Artificial intelligence AI is incredibly exciting; call to pause developments can be counter-productive: Sebastian Thrun 7 mins readBy Kanika Saxena * 3 insights to kick-start your day, featuring Trouble at Byju’s 3 mins readBy Debleena Majumdar , Taslima Khan & Swathi Moorthy * Entry into billion-dollar club opens big gates for Persistent 4 mins readBy Ranjit Shinde * Jobs No industry for freshers: techies feel the heat as IT firms go on a hire-and-fire mode 8 mins readBy Jochelle Mendonca * Auto India’s highways are getting better, and why that’s the reason you should chuck that worn-out tyre 5 mins readBy Rajiv Ghosh * Auto components Motherson has all the pieces of the EV puzzle in place. Will the auto component maker’s big bet pay off? 8 mins readBy Shobha Mathur * Markets Seven nations have defaulted in 2023 so far. Will there be a spillover effect on global markets? 6 mins readBy Pravin Palande * Philanthropy Can Nithin Kamath’s Rainmatter lead a Zerodha-like shakeup in the rural ecosystem? 14 mins readBy N Sundaresha Subramanian TOP CATEGORIES * Tech The people, companies, and themes shaping the brave new world 1186 STORIES * Consumer What’s flying off the shelves, what’s not, and why 623 STORIES * Markets The art, science, and hidden trends of investing 4002 STORIES * Corporate Governance Exclusive investigations into critical company actions 658 STORIES * Telecom + OTT What’s inside your phone and on your screen 324 STORIES * Auto + Aviation What's driving the auto sector 668 STORIES * Pharma Inside the business of healing 654 STORIES * Fintech + BFSI The technology and people that move the world’s money 628 STORIES * Economy Making sense of the big picture 994 STORIES * Infra Tracking the economy's building blocks 127 STORIES * Environment The business and economics of climate change 138 STORIES * Energy The policy and business of fossil fuels and clean energy 241 STORIES * PRIMESHOTS Insights across sectors 187 STORIES * Prime Vantage 90 STORIES * Prime Decoder 37 STORIES * Collections 67 STORIES TECH More From Tech Artificial intelligence AI is incredibly exciting; call to pause developments can be counter-productive: Sebastian Thrun 7 mins readBy Kanika Saxena Strategy Despite export curbs, China’s chip industry still holds sway. Here’s why! 7 mins read Fintech Pine Labs went from POS provider to business-solutions player. Next, can it crack merchant finance? 10 mins readBy Anil K Sood & Debleena Majumdar Jobs No industry for freshers: techies feel the heat as IT firms go on a hire-and-fire mode 8 mins readBy Jochelle Mendonca Venture capital India is the world’s biggest opportunity in startup investing: Magnus Grimeland, founder, Antler 9 mins readBy Manu P Toms Strategy The time’s ripe and Apple is ready: decoding the iPhone maker’s India strategy shift 9 mins readBy Shelley Singh CONSUMER More From Consumer FMCG Reliance readies to disrupt the FMCG space. What it means for HUL, ITC, Dabur, et al. 13 mins readBy Shabori Das OTT What's common between Yash Chopra, Facebook, Google and RIL? Their romance for risk. 10 mins readBy Swagata Panjari Fashion Sephora spent a decade laying India foundation. Here’s what lies ahead for the French beauty brand 10 mins readBy Shabori Das E-commerce Be it HUL, ITC, or Nestlé, here’s why FMCG’s digital push will only get more intense 5 mins readBy Sandeep Das How smartwatch addiction is driving some wearers to make serious changes to their habits 6 mins readBy Shephali Bhatt While worldwide fashion battles recession, India looks at corporate contracts and global outings 6 mins readBy Nupur Amarnath MARKETS More From Markets Economy Slow growth is weighing on world GDP. Can India defy global headwinds to be the next superpower? 8 mins readBy Anurag Singh Economy China is the new IMF for distressed smaller nations. Can yuan dethrone the dollar? 10 mins readBy Sunny Verma Markets We may see the real impact of rising interest rates in FY24: Somasekhar Vemuri of Crisil 12 mins readBy Priyanka Salve Strategy PVR Inox wants to add 200 screens per year. But will the expansion ensure footfall? 8 mins readBy Swagata Panjari Two stocks with potential to rise between 4% and 6% 5 mins read Option for Titan Company: Bullish to Sideways 2 mins read UNDER THE LENS More From Under the lens Under the lens Inside the agony of lay-offs, from over-hiring to investor pressure, and much else in between 5 mins readBy Debleena Majumdar Under the lens Meet the man whose Supreme Court case got INR5,000 crore for Sahara’s cooperative society investors 17 mins readBy N Sundaresha Subramanian Under the lens In the top-end, pro space, digital cameras find a safe niche 5 mins readBy Shelley Singh Under the lens Learnings from SVB and Credit Suisse: Two tales of systematic and unsystematic risks 6 mins readBy Nilanjan Banik Under the lens Why the Silicon Valley Bank collapse is a crash course on treasury management for Indian startups 11 mins readBy Anand J & Manu P Toms Under the lens How a 65-page resignation letter by an independent director, alleging lapses, shook Modulex 10 mins readBy Jyotindra Dubey CORPORATE GOVERNANCE More From Corporate Governance Under the lens Meet the man whose Supreme Court case got INR5,000 crore for Sahara’s cooperative society investors 17 mins readBy N Sundaresha Subramanian Disputes Jaypee Infratech resolution sees new set of objections. Homebuyers' endless wait to continue. 7 mins readBy Jyotindra Dubey Policy and regulations Gender diversity in management: how pay gap and low disclosures mar the alpha factor in Asia 5 mins readBy Sudipto Dey Markets How panic sale by Bajaj Finance singed an INR40 crore hole in Seetha Kumari’s portfolio 12 mins readBy N Sundaresha Subramanian Coworking spaces are in high demand as companies seek flexibility 4 mins readBy Sreeradha Basu As companies focus on STEM, women tick the tech box 4 mins readBy Rica Bhattacharyya TELECOM + OTT More From Telecom + OTT Telecom Tracking telecom’s key strategy shift: data signals a move from subscriber acquisition to retention 6 mins readBy Rishi Tejpal Cybersecurity Amid the thrill of speed, why 5G could put you at risk. (Hint: cybersecurity loopholes). 11 mins readBy Kanika Saxena & Rishi Tejpal Telecom No 5G service, lack of fresh funds could further hurt Vodafone Idea even as Airtel, Jio leap ahead 10 mins readBy Rishi Tejpal Telecom Airtel Q3FY23 preview: Another strong quarter on cards, tariff hikes, 5G to drive future growth 8 mins readBy Rishi Tejpal Why a proposal over captive 5G networks has telecom companies seething 10 mins readBy Mansi Taneja Airtel-Google partnership focuses on a shared vision: Gopal Vittal 8 mins read AUTO + AVIATION More From Auto + Aviation Aviation As Go First lands head first in a crisis, what happens next to cash-rich Wadias’ broke airline? 9 mins readBy Tarun Shukla Aviation Delayed salaries, grounded planes, high attrition: where is Go First headed? 12 mins readBy Tarun Shukla Auto components Motherson has all the pieces of the EV puzzle in place. Will the auto component maker’s big bet pay off? 8 mins readBy Shobha Mathur Auto What’s delaying Maruti Jimny, Fronx pricing, and why getting a sweet spot in the SUV space is tough 10 mins readBy Shobha Mathur Are cheap air tickets in India coming at the cost of passenger safety and service? 5 mins read Possibilities and problems plaguing the aviation sector as it readies for a post-covid journey 9 mins readBy Mihir Mishra FMCG More From FMCG FMCG What is contributing to Nestlé India’s market dominance? No, it’s not Maggi but Cerelac. 10 mins readBy Rochelle Britto FMCG Reliance readies to disrupt the FMCG space. What it means for HUL, ITC, Dabur, et al. 13 mins readBy Shabori Das FMCG Retail and consumer trends in 2023: physical shopping and brand power to rule amid subdued demand 5 mins readBy Sandeep Das FMCG Campa Cola 2.0: Can Mukesh Ambani-led Reliance Retail remix this 70’s classic on nostalgia? 11 mins readBy Shabori Das FMCG Varun Beverages outshines HUL, returns 100% in one year. Can it sustain the momentum ahead? 8 mins readBy Rochelle Britto & Priyanka Salve FMCG What’s common between Amul and Parle G? 6 mins readBy Shabori Das PHARMA More From Pharma Disputes Lifesaver to litigant: how a Covid-19 drug drove a wedge between Max Healthcare and Novacare 6 mins readBy Vikas Dandekar Healthcare Manipal Health has set its sights on the top spot. Can it get there amid the intense competition? 9 mins readBy Isha Trivedi Policy and regulations Data-integrity woes have come back to haunt Indian pharma. How can it deal with the USFDA’s glare? 10 mins readBy Vikas Dandekar Pharma Mankind Pharma IPO: Reasonably priced, investors may join the company on its ‘Bharat-to-India’ quest 7 mins readBy Isha Trivedi A number of healthtech startups claim they can reverse Type 2 diabetes. But caveats apply, caution doctors 18 mins readBy Indulekha Aravind An 81-year-old nuclear physicist will decide Mukesh Ambani's largest cross-border acquisition ever 4 mins read FINTECH + BFSI More From Fintech + BFSI Fintech Delinquencies, subpar collection systems: The holes in ZestMoney’s books that broke the PhonePe deal 8 mins readBy Anand J Insurance Reliance Industries’ plan to enter insurance and AMC businesses could create ripples in the market 9 mins readBy Kumud Das Wealth Looking to generate wealth in 2023? Here are 10 good financial habits to follow that will help 5 mins readBy Nikhil Aggarwal Fintech The rise of Amazon-ICICI, Flipkart-Axis co-branded credit cards, and the bad news that comes along 12 mins readBy Anand J How some platforms that facilitate small-ticket funding for startups operate in a regulatory grey area 15 mins readBy Anirban Chowdhury Taxmen come calling on PE fund managers. Those working out of India have received notices from the investigation wing 6 mins readBy Sachin Dave & Maulik Vyas INFRA More From Infra Interviews Infra.Market to focus on branded B2C play, plans to go public in 2025: co-founder Aaditya Sharda 7 mins readBy Priyanka Salve Disputes Protests are off: Will Adani’s Vizhinjam port sail smooth now? 13 mins readBy Richa Sharma Real Estate Post-pandemic realty: Back in metros, workforce greeted by high rent and the jostle to find a stay. 8 mins readBy Priyanka Salve & Jochelle Mendonca Logistics Why payments aggregator 1Pay is betting on FASTag to grow into a logi-fintech major 8 mins readBy Priyanka Salve Gautam Adani is spoiling for an epic war with Kumar Mangalam Birla 5 mins read Realtors worried as input prices surge amid Ukraine turmoil 4 mins readBy Kailash Babar FOOD-TECH More From Food-tech Food-tech Better food, quick commerce, malnutrition-free India: decoding Zomato’s new recipe for growth 9 mins readBy Anil K Sood & Debleena Majumdar Food-tech Swiggy to slice off kitchen infrastructure business as it gears up for IPO 5 mins readBy Mugdha Variyar & Priyanka Sahay Food-tech A tough nut to crack: why lightning-fast food delivery is not a piece of cake 5 mins readBy Mugdha Variyar Food-tech Zomato’s crazy week: Why Mohit Gupta and Rahul Ganjoo exited the food-tech giant 9 mins readBy Priyanka Sahay Food-tech Amazon is turning up the heat on food delivery in India to take on Swiggy, Zomato 7 mins readBy Mugdha Variyar Food-tech Restaurants turn the heat on Swiggy, Zomato. But taking on the delivery giants won’t be a cakewalk. 11 mins readBy Mugdha Variyar ECONOMY More From Economy Policy and regulations Staring at sovereign default, Pakistan desperately seeks its ‘Sputnik moment’ 11 mins readBy Sunny Verma & Richa Sharma Defence Industry Brothers in arms? India’s ambitious Africa play faces stumbling roadblocks as China holds sway 7 mins readBy Shubhangi Palve Policy and regulations Why thousands of Israeli techies are on the streets against Netanyahu government’s judicial reforms 9 mins readBy Sandhya Sharma Green tech The race for next oil: why India must build a secure, sustainable critical-minerals supply chain 6 mins readBy Kapil Narula & Badri Narayanan An impending water crisis can cripple India's agriculture sector. Here's how to tackle it 6 mins readBy Sanjiv Mehta The many uses of alternative farming 7 mins readBy Vikram Doctor ENERGY More From Energy Energy After many twists and turns, how RIL’s KG basin gas output and price realisation are rising 6 mins readBy Prashant Mukherjee Energy Will the new pricing formula make natural gas pocket-friendly? Don’t rule out the opposite as well. 7 mins readBy Prashant Mukherjee Energy security Global natural gas prices are crashing, but that’s not enough to cut your monthly fuel bills 5 mins readBy Prashant Mukherjee Renewables Green energy faces a big question: Can the government ignore the lure of revenues from coal? 9 mins readBy Richa Sharma & Prashant Mukherjee Why is the current heat wave unrelenting? The anatomy of a power crisis 4 mins read That thing in your jelly can save India billions in oil imports. This company shows you how 12 mins readBy Garima Bora ENVIRONMENT More From Environment Green tech ‘An opportunity’: Inside Tata Steel’s green transition, as EU pulls the plug on high-carbon imports 10 mins readBy Richa Sharma Philanthropy Can Nithin Kamath’s Rainmatter lead a Zerodha-like shakeup in the rural ecosystem? 14 mins readBy N Sundaresha Subramanian Policy and regulations On a wing and a prayer: What Sebi’s mandate on value-chain ESG disclosure means for India Inc 10 mins readBy Richa Sharma & Sudipto Dey Green tech Net-zero in mind, how Project Aalingana is making Tata companies embrace sustainable transformation 12 mins readBy Sudipto Dey , Richa Sharma & Prashant Mukherjee Interviews ‘Sustainability is about data. Everything should be measurable, reportable, verifiable’ 7 mins readBy Sudipto Dey Environment There’s enough finance, but so are the barriers to steer it towards climate action: UN panel report 7 mins readBy Richa Sharma OUR TEAM * Shishir Prasad Editor Two decades of tracking strategy, technology, and money. Loves stories that combine logic and aesthetics. * Ami Shah Senior Assistant Editor, Markets Keeps an eye on everything related to stock markets * Anand J Senior Assistant Editor, Fintech and Internet Economy Covering Indian startup ecosystem and technology. 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