CATEGORIES

HDFC Bank gets warning from Sebi, second in a week

HDFC BANK ON Monday said it has received a second administrative warning from the Securities and Exchange Board of India (Sebi) within nearly a week, due to a three-day delay in disclosing the resignation of its mortgage business head Arvind Kapil in March this year.

RBI governor urges colleagues to strive for perfection

RBI GOVERNOR SANJAY Malhotra on Monday urged staff to aim for perfection in their duties, emphasising continuous improvement as the institution enters a new era.

PSBs split over perquisite tax liability for employees

● SBI, BOB cover tax; PNB, Union Bank offer loans to staff

79% firms may raise AI spending in 2025

AS MANY AS 79% of surveyed organisations are planning to increase their AI budgets in 2025, an increase of 41% from 2024, driven by confidence in its return on investment the technology is poised to bring, said cloud-based software-as-a-service company Freshworks’ AI Workplace Report.

IT hiring may stay low till H2FY26

HIRING IN THE Indian IT services industry is expected to remain low-key in the near term until the growth momentum picks up by H2FY26, according to Icra.

2024 to end with record office space leasing: Report

INDIA'S OFFICE LEASING market is expected to achieve a milestone in 2024, with gross leasing volumes (GLV) projected to reach 83-85 million sq ft, marking a 13% year-on-year increase over the previous peak in 2023, a report said on Monday.

Blackstone emerges top bidder for Haldiram deal

A CONSORTIUM LED by Blackstone has emerged as the preferred bidder for a minority stake in Haldiram Snacks, sources following months of negotiations on a potential deal.

India leading in AI adoption: Report

INDIAN ENTERPRISES ARE leading in the adoption and experimentation with artificial intelligence as compared to the global average, according to a report by data integration, analytics, and artificial intelligence (AI) service provider Qlik.

Trade deficit widens to record high

THE UNIT PRICE of petroleum products exported from India fell to $627.16 per tonne in April-October this year from $800 per tonne in April-October 2023.

Adani, Ambani drop out of elite $100-billion club

HE'S BEEN FIGHTING to shore up investor confidence after short seller Hindenburg Research last year published a report accusing the firm of fraudulent practices.

Lack of skills, data complexity hindering AI adoption in India

Indian enterprises increasingly adopt artificial intelligence (AI), significant barriers such as a lack of expertise, insufficient tools, and data complexity remain.

Tata Starbucks faces pressure, to go slow on store openings

● Finding quality real estate a challenge, says Tata Consumer CEO

EV penetration slow as costs, lack of charging infra weigh

THE PENETRATION OF electric vehicles (EVs) in India is running significantly behind schedule, with most segments failing to reach even the 5% market share level.

Swiss tax action won't impact trade commitments: Official

THE DECISION OF Switzerland to suspend the most favoured nation clause in its Double Taxation Avoidance Agreement with India will not have any impact on the investment commitments under the Trade and Economic Partnership Agreement that the European Free Trade Association (EFTA) has signed, commerce secretary Sunil Barthwal said on Monday.

Construction of FCI godown 'nil' in FY25, House panel flays govt

A Parliamentary Panel on Monday pulled up the government for not meeting the godown construction target of the Food Corporation of India (FCI) in the four years till September 2024 and asked the nodal ministry to constitute a high-level committee to expedite the work in the North-East and hilly states.

Drug recalls from US raise export concerns

THE RECENT DRUG recalls by US arms of Indian drugmakers have turned the spotlight back on quality issues faced by the domestic pharma companies in the lucrative export market.

Strong local demand drives flash PMI to 4-month high

ECONOMIC ACTIVITY EXPANDED at a robust pace in December, mainly due to an uptick in domestic demand conditions.

WPI inflation eases to 1.89% in Nov as food prices soften

INFLATION BASED ON the wholesale price index (WPI) eased to a three-month low of 1.89% in November from 2.36% in October, thanks to a sharp fall in the prices of key food items such as vegetables and pulses, official data released on Monday showed.

Govt to allow self-approval for PF withdrawals from next fiscal

● EPFO to avail cash credit to address any liquidity crunch

Petroleum product exports up 3% in Apr-Nov

SMOOTH FLOW

Raj Kapoor's anniversary celebrated in Pakistan

PAKISTANI CULTURAL ENTHUSIASTS and film lovers gathered at the iconic Kapoor House in Peshawar on Saturday to celebrate the 100th birth anniversary of legendary Bollywood filmmaker and actor Raj Kapoor.

Can't tax upper middle class more, says Piketty

DESCRIBING INDIA'S DECISION to impose a wealth tax way back in 1957 as trying \"to do too much too fast\", French economist Thomas Piketty, regarded most for his passionate advocacy of taxing the wealth of billionaires to reduce inequalities, says there's no way the government can increase tax on the upper middle class and middle Indian entrepreneurs unless it demonstrates people at the top pay a higher tax rate.

Decoding the rise of Tollywood in North India

SOUTH RULES THE ROOST

Tabla maestro Zakir Hussain critical after heart ailment

TABLA MAESTRO ZAKIR Hussain has been admitted to the ICU of a San Francisco hospital with heart-related problems, his friend and flautist Rakesh Chaurasia said on Sunday.

39 ministers join Fadnavis government

MID-TERM REVIEW TO DECIDE TENURE

Delhi govt plans to set up AI labs in schools

THE DELHI GOVERNMENT has announced plans to set up Artificial Intelligence (AI) Labs in select schools under its jurisdiction to foster advanced technological learning and innovation among students.

Do not criticise EVMs when results not in favour: Omar

OPENING ANOTHER POINT of friction with an important ally, Jammu and Kashmir Chief Minister Omar Abdullah has dismissed the Congress party's vehement objection to Electronic Voting Machines, and echoed the BJP's defence - you can't accept election results when you win, and blame EVMs when you lose.

Delhi Assembly polls: Kejriwal to contest from New Delhi

AAP releases 4th list of candidates for elections

'We use technology as a force for good'

As IBM's first chief impact officer, Justina Nixon-Saintil drives the company's strategic alignment with business goals and ESG considerations.

Pricey, but a good choice for content creators

● It takes photos and videos that rival digital cameras