CATEGORIES

US Probes 2.6 Million Tesla Cars Over Driverless Feature

The US National Highway Traffic Safety Administration (NHTSA) on Tuesday said it had opened a probe into about 2.6 million Tesla vehicles after reports of some crashes linked to its \"Actually Smart Summon\" driverless feature.

Tensions Over Steel Deal Play Out As Blinken Visits Japan

It was meant to be a final swing through Tokyo topped with a sushi breakfast to cement closer ties with one of the US's closest allies.

Toyota looks to open futuristic city at Mt Fuji base this yr

Toyota Motor plans to move in the first 100 residents of a futuristic city at the base of Mount Fuji in Japan by as soon as this fall, but declined to specify how much the ambitious project is costing the company.

Meta scraps fact-checking programme in US

Meta is ending its fact-checking program in the US and replacing it with a \"Community Notes\" system similar to that on Elon Musk-owned X, the Facebook parent said on Tuesday.

US Blacklists Tencent and CATL Over Links With China Military

Companies deny military ties, call the move a 'mistake'

Difficult to define a freebie, our 'hands tied': CEC

Chief Election Commissioner (CEC) Rajiv Kumar, who will demit office on February 18, days after the results of the Delhi Assembly polls are declared on February 8, on Tuesday, flagged the need for finding \"accepted and legal answers\" on the issue of announcement of \"freebies\" by political parties during poll campaigns.

SBI Appoints Baldev Prakash Group Chief Risk Officer

State Bank of India has appointed Baldev Prakash as the deputy managing director-group chief risk officer, the lender informed the exchanges.

Banks' net profit growth likely moderated in Q3

Margin pressures, sluggish loan offtake may weigh on performance

₹logs biggest 1-day gain in over amnth

The Indian rupee logged its biggest one-day gain in more than a month on Tuesday as the dollar dipped towards a one-week low, boosting regional currencies, while foreign banks' dollar sales also helped.

Setty, Kotak Nominated as Governing Council Members of NIIFTL

The government has nominated State Bank of India Chairman CS Setty and Uday Kotak, founder and director, Kotak Mahindra Bank, as governing council members of the National Investment and Infrastructure Fund Trustee Ltd (NIIFTL).

FinMin to Review Flagship Schemes With PSB Chiefs

Weeks before the Union Budget for 2025-26, M Nagaraju, secretary to the Department of Financial Services (DFS), on January 15 will have a meeting with the managing directors (MDs) and chief executive officers (CEOs) of public-sector banks to review the progress of financial-inclusion schemes and discuss funding, according to sources.

Fintech sector voices funding concerns amid regulatory fears

In a meeting with top bureaucrats from the finance ministry on Tuesday, the financial technology (fintech) sector raised concerns about insufficient funding opportunities amid regulatory fears and negative sentiment surrounding the industry, according to sources present.

10th oil and gas bidding round only after passage of oilfield Bill

Upcoming legislation meant to streamline exploration and production

REC to sell ₹2,848 crore NPAs in Corporate Power

State-owned REC Ltd is looking to sell bad loans worth ₹2,848 crore in Corporate Power Ltd (CPL) and has invited counterbids via a Swiss challenge auction, initiated by an anchor bid of ₹58.65 crore.

Centre asks states to boost HMPV surveillance

As cases of Human Metapneumovirus (HMPV) are being detected in India, the Centre has asked states to enhance surveillance of respiratory illnesses and strengthen awareness among the people to prevent its transmission.

Farm sector holds out amid headwinds

Strong monsoon, robust kharif output drive growth, boosting agri GVA

FY25 growth of 6.4% underwhelms, but are there silver linings?

Real gross domestic product (GDP) growth is estimated to have slowed sharply to 6.4 per cent in the current financial year (FY25) from 8.2 per cent expansion in FY24, according to the first advance estimates released by the National Statistics Office (NSO).

Fiscal Deficit Target in Reach Despite Lower GDP Estimate

The fiscal deficit for 2024-25 (FY25) may remain within the target, despite a lower-than-budgeted nominal gross domestic product (GDP) growth of 9.7 per cent, as indicated in the first advance estimates released on Tuesday by the National Statistics Office (NSO).

Consumption jump, slower capex likely

Rural spending may drive consumption growth, while capex may moderate amid fiscal constraints

M&M Aims to Sell 5K Units of New EV Models Per Month

Mahindra and Mahindra (M&M), which is set to start bookings for the new electric vehicles BE6 and XEV 9e from February 14, aims to sell 5,000 units of these EVs per month in the initial phase of the launch.

Auto retail sales decline 12% in December

Despite 2024 seeing the highest-ever automobile retail sales with a 9 per cent growth compared to 2023, December played spoilsport for the sector with total retail sales declining by 12 per cent compared to the corresponding period last year.

MHI backs Siam for GST cut on CNG 2Ws

Petroleum ministry pushes for tax reduction on CNG cars

Cracking open bhujia empire: Haldiram's snack biz stirs global investment appetite

Global private equity investors have been eager for a piece of Haldiram's for a while, and finally, the family has taken the first step towards parting with a portion of the company, which commands a dominant share in the Indian savouries market.

DPDP Rules May Be Refined to Protect Children: Vaishnaw

Rules will be refined further to connect children with technology while saving them from harms in the digital space, Union minister Ashwini Vaishnaw said on Tuesday.

Vi planning phased 5G rollout with new tariff plans this year: CEO

Vodafone Idea (Vi) chief executive officer Akshaya Moondra said the beleaguered telco is preparing for a phased rollout of 5G and launching tailored \"first-of-their-kind tariff plans\" for customers this year.

IT firms may post better revenues for Q3

Optimism on revenue growth based on projected improvement in technology spending in CY25

Funding crash, layoffs shift edtech's focus on innovation, governance

The Indian edtech sector faced a turbulent 2024, marked by leadership exits, mass layoffs, and restructuring efforts.

FY25 GDP growth may slip to four-year low of 6.4%

Falls short of RBI estimate; better showing in agri and manufacturing expected in H2

Temasek nears deal to buy 10% in Haldiram's

Snack brand valued at $10 bn

$3 bn in 2 yrs: Microsoft's bet to make 'India AI-first'

Microsoft Chairman and Chief Executive Officer (CEO) Satya Nadella on Tuesday announced the technology major's plans to invest $3 billion in India over the next two years, its biggest ever in the country, to expand its Azure Cloud and artificial intelligence (AI) capacity and boost skilling initiatives.