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The world needs a pro-human AI agenda

Let's get real about AI.

Welcome to the AI near-future

A malevolent superintelligence will not be taking over the planet any time soon. But how the AI revolution plays out will depend on a series of races between the technology and human institutions. AI will remove humans from many combat roles, but it will also mean that any human in combat will be killed with extreme efficiency.

Sebi introduces MF Lite framework

Index and exchange-traded funds (ETFs) to schemes sponsored by private equity funds will be eligible to be covered under the MF Lite framework on meeting certain conditions as the market regulator aims to simplify the operations of passively managed mutual funds.

RIL's acquisitions: $13 bn spent in 5 yrs

Billionaire Mukesh Ambani's Reliance Industries Ltd (RIL) has spent $13 billion on acquisitions in the past five years across new energy, telecom, retail and media business to script a pivot away from core oil and petrochemicals business to clean energy and consumer-facing verticals.

Interest on PPF, NSC unchanged

The government on Tuesday left the interest rates unchanged on various small savings schemes, including Public Provident Fund (PPF) and National Savings Certificate (NSC), for the fourth straight quarter beginning 1 January 2023 and ending 31 March 2025.

Rupee declines to record closing low

The rupee declined to a record closing low for the sixth consecutive session on Tuesday, weighed down by a decline in most Asian currencies alongside expectations that it is headed for more losses in 2025.

NaBFID invests ₹745 cr in NDR InvIT

The National Bank for Financing Infrastructure and Development (NaBFID) has invested ₹745 crore in long-term bonds issued by NDR InvIT, the company said on Tuesday.

Kirloskar cos to challenge Sebi

Four Kirloskar companies on Tuesday said they are preparing to legally challenge a letter by markets regulator Securities and Exchange Board of India (Sebi) asking them to disclose the deed of family settlement that was signed by members of the Kirloskar family on 11 September 2009.

IFC, others to take stake in FEPL

Fair trade regulator Competition Commission of India (CCI) on Tuesday cleared the World Bank's IFC, Asian Development Bank (ADB) and German government's DEG proposal to acquire a stake in Fourth Partner Energy Ltd (FEPL).

Gold heads for biggest gain since 2010 in mixed year for metals

Gold is heading for its biggest gain in 14 years, with a 27% advance fueled by US monetary easing, sustained geopolitical risks and a wave of purchases by central banks.

Thermal coal imports up 9% this year

Imports of thermal coal, used for power generation, have increased by about 9% in the April-November of the ongoing fiscal year to 45 million tonnes, on higher procurement made by those power plants that operate solely on imported coal.

Isro earned $427 mn from US, EU space missions in 10 years

The domestic space economy will be targeting a revenue of $44 billion by 2033

Drugmaker Anthem files for IPO

Indian contract drugmaker Anthem Biosciences filed for a ₹33.95 billion ($397 million) initial public offering (IPO), draft papers showed on Tuesday, at the fag end of what has been a red-hot year for companies listing on the stock market.

India's core sector growth at 4-month high of 4.3% in Nov

The rebound in manufacturing may significantly affect industrial production in November; data will be in by Jan

RS panel to review CCI's commitment scheme

The Rajya Sabha's committee on subordinate legislation led by Milind Deora will review a scheme offered by the Competition Commission of India (CCI) in March allowing businesses to avoid anti-trust probes by making commitments to change their conduct, two persons privy to the development said.

Pristyn Care in talks for $100 mn in fresh funding

Several PE firms have expressed interest in ramping up allocations to healthcare sub-segments

MGNREGS work demand reaches four-month high in December

The number of people seeking work every month under MGNREGS has been rising steadily since September

FY25 fiscal deficit at ₹8.5 tn till Nov, hits 52% of target

Rising costs and higher spending on subsidies and public sector initiatives fuels deficit

Delhi May Ban Fuel for Old Vehicles to Curb Air Pollution

The move comes amid Delhi's annual air quality crisis.

2024 tough year for ad industry but the worst is behind us, says Khemka

Despite 2024's challenges, Khemka is optimistic about the year ahead, citing resilience in key sectors

NPCI extends UPI volume cap compliance deadline

NPCI had earlier said no app could account for more than 30% of UPI transaction volumes

Private universities swoop down at IITs for faculty roles

The Indian Institutes of Technology (IITs) have become fertile grounds for other universities to hire for professor roles to improve their global standings and meet faculty needs as they expand campuses.

Companies May Up GenAI Spending By Half This Year

Companies worldwide are expected to spend 50% more on adopting generative AI (GenAI) technologies in 2025 compared to last year, according to a report from an American technology research and IT advisory firm.

India's K-shaped story: Will the script change in 2025?

Premium takes off, while mass market crawls. New Year may not be much different either

Cash heap spurs call for buybacks and dividends

A bunch of top companies is hanging on to almost ₹1 trillion of free cash that it has yet to find a use for, according to an analysis done by a proxy advisory firm.

Syria looks to pick up the pieces of its shattered economy

The country of more than 20 million people are understaffed and short on experience, having governed only a single province before finding themselves in charge.

Crafting Bharat: Deep-tech edition-with Fermbox Bio, at the forefront of precision fermentation

India's bioeconomy has witnessed phenomenal growth, surging from US$10 billion in 2014 to over US$130 billion in 2024.

Advertisement DR MANMOHAN SINGH REFORMS WITH A HUMAN FACE

The Prime Minister walked towards me, his grace and purpose.

Rajat Verma to take over as DBS Bank India CEO

Singapore-based DBS Bank has appointed Rajat Verma as the officer of the chief executive officer of DBS Bank India with effect from 1 March, the bank said in a release.

Two aeroplane crashes lead to deadliest year in skies since 2018

Passenger fatalities jump to 318 this year