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May 01, 2024

NRIs can own up to 100% in global funds at GIFT City

Sebi gives more exposure to passive funds in group firms

3 mins

DoT to telcos: How much of legacy gear is non-trusted?

The Department of (DOT) Telecommunications has asked telecom operators to give an assessment of how much of their legacy network equipment is not from \"trusted sources\".

2 mins

MONTH AFTER EMPS ROLLOUT Ola market share grows to 53%, but registrations drop

Ola Electric captured 53 per cent of the electric twowheeler market in April, marking one of its highest shares since its launch.

1 min

'Want to be market leader in Business AI by 2025'

For the global software giant SAP, India remains a fast-growing market. According to the firm's senior management, India is the fastest-growing country in the Asia-Pacific region. MANISH PRASAD, who recently assumed the role of president and managing director of SAP Indian Subcontinent, says that maintaining and accelerating the pace of growth in the Indian market is a key priority. In his first interview since his appointment, he talks to Shivani Shinde on the sidelines of SAP Now, its flagship customer event in Mumbai, about his focus for India. Edited excerpts:

2 mins

IOC profit shrinks 50% in Q4 on lower margins

During the fourth quarter of FY24 (January-March 2024), Indian Corporation (IOCL) saw its consolidated net profit fall 49.3 percent to 5,149 crore from ₹10,290 crore in Q4 of FY23.

2 mins

Wipro bags Nokia AI deal

Multimillion-dollar deal to revamp digital workplace services

1 min

IndiGo starting to make India a global aviation hub: CEO

IndiGo, which placed its first-ever order for widebody planes last Thursday, is now on the path to establish itself as a global aviation player and make India a global aviation hub, said its Chief Executive Officer, Pieter Elbers, on Tuesday.

1 min

Plan to add 1,100 beds on top of the already existing 10,500

Leading hospital chain Manipal Hospitals has been on an expansion spree, solidifying its position as India's largest hospital by bed count.

2 mins

Vistara executive suspended over lapses in pilot training

The vice-president (VP) of Vistara airline's pilot training was on Tuesday removed by the Directorate General of Civil Aviation (DGCA) over lapses in conversion training of pilots, which involved preparing narrow-body pilots to fly wide-body aircraft.

1 min

BJP, Cong line up star cast for Gujarat campaign

With just a week left for the Lok Sabha elections in Gujarat scheduled for May 7campaigning, which has remained quite low-key so far, is picking up across constituencies.

2 mins

BJP, JD(S) PARTNER TO SECURE 'GOLD FIELDS'

The Congress has lost the Kolar seat, known for the Kolar Gold Fields, and believed to have the highest percentage of Scheduled Castes in any seat across the country, only twice since 1951-52.

1 min

Amid mounting pressure, JD(S) suspends Revanna

The Janata Dal (Secular), or JD(S), on Tuesday suspended its Hassan Lok Sabha member Prajwal Revanna from the party over an alleged sex scandal, a decision that the Bharatiya Janata Party (BJP), an ally, welcomed.

1 min

Makhana traders demand policy refit for opportunity pop-up

United Kingdom returnee and seasoned corporate employee Manish Anand Jha, who worked for over 27 years in the construction business, has made a comeback to Madhubani, driven by his 'love for the land', aiming to set up a makhana (puffed foxnut or gorgon nut) processing plant at the age of 47.

3 mins

Equations getting better for chemicals MSMEs

Prospects of the domestic chemicals industry appear to be brightening as demand revives and inventories normalise.

1 min

IEG applies afresh after licence not renewed

The Institute of Economic Growth (IEG) has submitted a fresh application to the home ministry for reissuing its licence that was not renewed under the Foreign Contribution (Regulation) Act on procedural issues.

1 min

India replaces China as top Russia oil importer

India unseated China to become the world's biggest buyer of discounted seaborne Russian crude oil in April, with imports jumping by 12 per cent on the month to a nine-month high, according to early ship tracking data and industry officials.

2 mins

Public capex behind India's growth: IMF

Strong public investment supported by resilient domestic demand has made India the world's fastestgrowing major economy, the International Monetary Fund (IMF) said.

2 mins

March core sector growth climbed down to 5.2%

The growth in output of eight key infrastructure industries - known ☐ as the core sector - slowed to 5.2 per cent year-on-year (Y-o-Y) in March from 7.1 per cent in February on the back of a sequential deterioration recorded by five of its constituents.

1 min

Duty-free inputs used in export output are not export benefits/incentives

Last year, we obtained an advance authorisation and imported our inputs without payment of BCD, SWS, and IGST.

2 mins

Jana SFB gears up for universal bank licence

Plans to apply in FY26

2 mins

Samsung profit up 10x after Alboom reverses chip losses

Firm says Al functions were driving sales of S24 phones

2 mins

CANADA MEET SEES DIFFERENCES OVER LIMITING PRODUCTION Consensus eludes world's 1st plastic treaty talks

Nations made progress on a treaty to end plastic pollution, finishing the latest round of negotiations in Canada on Tuesday amid sharp disagreements about whether to put global limits on plastic production.

1 min

Foreign students in Canada to work only 24 hrs a week from September

International students, including those from India, in Canada, will be able to work off-campus for only up to 24 hours per week starting in September, according to a new rule that came into effect from Tuesday.

1 min

Pichai a whisker away from billionaire tag

Alphabet Inc chief executive officer (CEO) Sundar Pichai (pictured) is on the cusp of achieving a rare milestone for a non-founder tech executive: a 10-figure fortune.

1 min

Tesla plans fresh job cuts; 2 senior execs quit

Elon Musk is planning hundreds more job cuts across Tesla Inc as two more senior executives leave the company, according to the Information.

1 min

COLUMBIA UNIVERSITY PROTESTERS DEFY ORDER TO LEAVE, RISKING SUSPENSION

Student protesters continued to stay at Columbia University's West Lawn beyond a 2 pm deadline to clear out, defying warnings that they will be suspended for breaking multiple school policies.

1 min

AI faces its 'Oppenheimer moment'

As autonomous weapon systems rapidly proliferate, unmanned aerial vehicles are already helping military planners decide whether or not to hit targets JONATHAN TIRONE 30 April Regulators who want to get agrip on an emerging generation of artificially intelligent killing machines may not have much time left to do so, governments were warned on Monday.

1 min

India's urban imperatives

This isn't an easy book to review.

3 mins

Cloud over Surat amid election buzz

This election season, China is more than just a talking point in Gujarat's textile city, Surat, which has been in the news for producing a winner ahead of the polls.

3 mins

The post-June 4 challenges

Both majority and coalition govts will have to rule by consensus henceforth

5 mins

Message from US campuses

Suppressing protests may be politically self-defeating

2 mins

Why are RBI, other banks on a gold-buying spree?

The Reserve Bank of India (RBI), like most other global central banks, is on a gold buying spree.

2 mins

Mkts slide after fresh record highs

The National Stock Exchange (NSE) benchmark Nifty rose for the second day underpinned by gains in index heavyweights to hit fresh record highs on an intraday basis but came off from the day's highs to end the trading session with losses.

1 min

High growth and margin expectations to drive Trent

THE COMPASS DEVANGSHU DATTA Zudio could lead to further upgrades.

2 mins

ChrysCapital closes its $700 mn continuation fund

ChrysCapital on Tuesday closed its $700 million continuation fund, which will allow the private equity firm to hang onto its stake in the National Stock Exchange (NSE), which it first bought in 2016.

1 min

FOPs ready to roll out bit-sized Reits

Many real estate ownership platforms to file with markets regulator under recently notified norms

3 mins

Parcel fraud: Suspect a scam call? Disengage immediately

Verify the call's authenticity; resist pressure to pay up or share sensitive information

3 mins

M&M, TaMo, Maruti: Auto stocks to stay in fast lane

The uptrend in auto sector to continue in the near term, believe analysts

2 mins

BRIDGING THE GAP

Why the surge of hybrid cars is being seen as an essential transition phase to electric

4 mins

Spices under scanner: Govt panel gives report

The govt is launching an initiative to ensure India's exports meet importing countries' tolerance limits

1 min

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