CATEGORIES

Modi 3.0 to work on domestic AI chipsets: Vaishnaw

THE NARENDRA MODI government in its third term will work towards enabling domestic manufacturing of AI chipsets, communications and IT minister Ashwini Vaishnaw told FE.

Govt extends Ujjwala subsidy till FY25

THE UNION CABINET on Thursday took a clutch of economic decisions, in what is seen as its last meeting before the general elections are announced.

Electoral bonds: Contempt plea in SC against SBI

THE SUPREME COURT on Thursday said it will look into a request to list for hearing a contempt petition filed by the NGO Association for Democratic Reforms (ADR) which was one of those on whose plea a five-judge Constitution bench had struck down the Electoral Bonds Scheme on February 15.

When Kuldeep bowls, it's like a chess mehfil at the town square

EVERY TIME KULDEEP Yadav would take a wicket, his highly obligated teammates would crowd around him and lovingly ruffle his thick brownish mop of hair.

Maize prices rise on robust demand from poultry sector

RISING DEMAND FROM the poultry industry and the government's thrust on ethanol have driven production mandi prices of maize up by 20%, reaching ₹26,500 per tonne from ₹22,000 per tonne over the past three months.

Horticulture output pegged at 355.2 MT

INDIA'S HORTICULTURAL CROP production, consisting of fruits, vegetables, spices, medicinal plants, and plantation crops, for the 2023-24 crop year (July-June), is forecasted at 355.2 million tonnes (MT).

Three dead in first fatal Houthi attack in Red Sea

Indian navy takes 20 crew members to Djibouti

Novo Nordisk's new obesity pill beats Wegovy in early trial

NOVO NORDISK SAID on Thursday early trial data for its highly anticipated experimental obesity drug amycretin showed a higher weight loss compared with its popular Wegovy treatment, sending its shares to new record highs.

Interviews to appoint PSB chiefs deferred

THE WAIT FOR some public sector banks to get their managing directors and chief executives is going to get a little longer.

RBI tightens norms for cards used with business accounts

THE RESERVE BANK of India (RBI) on Thursday tightened rules for credit and debit cards used for business accounts.

Food firms upset over 18% GST on snacks

SOME OF THE country's top food companies such as ITC, PepsiCo India, Balaji Wafers and Prataap Snacks are in disagreement with the Directorate General of GST Intelligence, the apex tax body, regarding the imposition of an 18% goods and services tax (GST) on snack foods.

Paramount may sell Viacom stake to RIL

PARAMOUNT GLOBAL IS in discussions to sell its stake in its media joint venture in India to Reliance Industries, according to people familiar with the matter, as Asia's richest man continues to consolidate his clout in one of the world's fastest-growing entertainment markets.

Rural demand drives auto retail sales to 2 mn in Feb

Two-wheeler growth at 13%, PV sales up 12%

Paytm's UPI application volumes fall in February on RBI action

PAYTM'S UPI APPLICATION volumes fell 10.4% month-on-month (m-o-m) to nearly 1.4 billion in February after the RBI asked the company's payments bank unit to stop accepting deposits, credit transactions or top-ups after February 29.

India-UK FTA may be pushed beyond Lok Sabha elections

THE CONCLUSION OF the India-UK free trade agreement (FTA) could be pushed beyond the general elections in India, despite a last-mile dash by top officials from both sides, because differences still remain on issues of market access in key areas of goods and services.

Cross-border, group insolvency norms after new govt takes over

MCA moves Cabinet note, says it’s crucial to link the two

China warns US: Trade curbs to harm America

CHINA'S FOREIGN MINISTER blasted the US for imposing a \"bewildering\" level of trade curbs on the Asian nation, as President Joe Biden's efforts to block Beijing from advanced tech undermine a steadying of ties between the world's two largest economies.

Govt report on Byju's to be out in a few weeks

Corporate affairs ministry has asked field officers to speed up the process

Boards more diverse, but tokenism still prevails

THE MEDIAN BOARD representation of women in the BSE 100 companies was a little over 16% in 2023,similar to the levels a year ago. According to the Corporate Governance Scores 2023 report released by proxy advisory firm Institutional Investor Advisory Services (IIAS), for the full effect of gender diversity, women should comprise at least 30% of the board.

Flipkart eyes quick commerce foray

WALMART-OWNED FLIPKART IS planning to enter the quick commerce delivery segment soon and will launch its services in around 20 cities in the next few months, according to people familiar with the matter.

₹10,372-cr launch pad for AI

THE UNION CABINET on Thursday approved the setting up of India AI (artificial intelligence) mission with an allocation of ₹10,372 crore.

After RBI, JM Fin feels Sebi heat

THE SECURITIES AND Exchange Board of India (Sebi) on Thursday barred JM Financial from acting as lead manager to any public debt issuances over violations of regulatory mandates.

OpenAI Says Elon Musk Tried To Merge It With Tesla

OPENAI, IN ITS first public comments about Elon Musk's lawsuit against the influential artificial intelligence (AI) research lab, said that Musk tried to transform the lab from a non-profit into a for-profit operation before he left the organisation in early 2018.

Need some clarity on policy before making fresh investments: Skoda

SKODA AUTO'S FUTURE investments and course of action in India will be determined by the decisions taken by the government on vehicle technology, allowing it to carry out efficient product planning.

Sachin Bansal's Navi to hire up to 100 people in tech team

DIGITAL FINANCIAL SERVICES firm Navi plans to expand its technical team by 30 per cent in 2024, the company said on Wednesday.

Agri & processed food exports fall 8% in April-Jan

THE GOVERNMENT'S RESTRICTIONS on cereal exports to improve domestic supplies in the last one year has adversely impacted India's farm exports.

MI's Shabnim Ismail becomes first woman to break barrier of 130 kph

The speedster has long been considered the fastest in women’s cricket

Poll pact: 15 years after snapping ties, BJD set to return to NDA fold

FIFTEEN YEARS AFTER BJD president and Odisha Chief Minister Naveen Patnaik broke off a decade-long alliance with the BJP, his party is all set to rejoin the NDA alliance headed by Prime Minister Narendra Modi, sources said Wednesday.

Scaling up health equity

Proper safety measures can mitigate risk of medical errors

Haley ends bid for White House, setting up Trump-Biden rematch

NIKKI HALEY ENDED her long-shot challenge to Republican presidential frontrunner Donald Trump on Wednesday, ensuring the former president will be the party's candidate in a rematch with Democratic President Joe Biden in November's election.