CATEGORIES

Xi Jinping Muzzles Chinese Economist Who Dared to Doubt GDP Numbers

Gao Shanwen questioned Beijing's ability to boost its economy as threats loom from a property meltdown, burgeoning debt and other challenges

ONGC chooses BP to boost Mumbai High's production

The field currently produces around 1,32,265 barrels of oil and around 13 billion cubic metres of gas per day

Strong Board Can Enforce Digital Privacy Laws: Experts

DPBI Needs Skilled Technical and Legal Professionals, as Well as Institutional Independence

India Inc sharpens focus on core segments through exits, demergers

Indian companies are sharpening their focus on core segments by exiting non-core businesses and demerging into multiple entities to unlock shareholder value and improve operational efficiency.

Investment a barrier to foundational AI entry, says Nadella

India must get into frontier work in artificial intelligence (AI) and build foundational models, but investment is a real entry barrier and just one mathematical breakthrough can change entire dynamics, Microsoft chairman and chief executive Satya Nadella said in New Delhi on Wednesday.

China factor delaying Pvt investments: Sanjiv Puri

China's surplus capacity is dampening Indian business spirit for adding further production capacity, according to Sanjiv Puri, president of Confederation of Indian Industry (CII). The industry body expects GDP growth of 6.4-6.7% this fiscal, slower than the 8.2% growth seen in FY24 as pent-up demand from the pandemic years subsides and the economy expands at a rate closer to its long-term potential.

Govt orders airlines to share weather data with IMD

With new airports coming up, IMD could have access to data from a wider geographical region

Agarwal buys iconic Riverside studio

The founder and chairman of Vedanta Group Anil Agarwal is the new owner of the iconic Riverside Studio in London, announced a press release on Wednesday.

Tesla Set for $1 Billion EU Windfall

Tesla Inc. could collect more than €1 billion ($1 billion) in compensation from rival automakers needing help to meet tougher pollution standards in the European Union this year, UBS Group AG analysts said.

Foxconn, Dixon Urge India to Pay Pending Subsidies

Apple Inc. supplier Foxconn Technology and Dixon Technologies India Ltd. have asked India to pay them billions of rupees in subsidies they think they are entitled to under the government's production incentives programme.

Box-office performance dictating OTT release schedules

OTT platforms typically schedule films in advance as standard norm, but now have to adapt to flexible release windows

UBL Suspends Beer Supply to Telangana Over Price Row

The beer maker cited frozen prices, unpaid dues and 40% rise in production costs since 2019

Cygnett eyes ₹300 cr in FY25 sales, to open 15 hotels next yr

Cygnett Hotels & Resorts aims to close FY25 with ₹300 crore gross revenues, driven by new management contracts, founder and managing director Sarbendra Sarkar said.

Rupee falls 17p to a new low of 85.91 against US dollar

The rupee extended its slide for the second straight session and declined 17 paise to hit a fresh record low of 85.91 against the US dollar on Wednesday amid higher crude oil prices and stronger American currency.

Fashion biz and margins Nykaa's weak spots, beauty shines

Dull tone Nykaa's gross merchandise value growth has been relatively slower in recent quarters.

MFIs Seek Funding Support Amid Stress

Microfinance institutions (MFI) on Wednesday sought a dedicated funding mechanism in place and government support to tide over challenges in the sector.

Defence stocks get reality check

Sluggish

New RBI chief faces calls to unshackle rupee as dollar rises

India's new central bank head faces a tough decision on managing the rupee's exchange rate—focus on squeezing volatility like his predecessor did, or respond to calls for more flexibility as the dollar continues to surge.

Govt considers lifting ban on trade in seven crop futures

The government is considering revoking a three-year ban on futures trading in seven farm commodities, including wheat and unprocessed rice, after studies found the steps were counterproductive, according to a person with knowledge of the matter.

Avendus launches third pvt credit fund

The asset management arm of Avendus Group, Avendus PE Investment Advisors, on Wednesday launched its third private credit investment vehicle targeting to raise more than double the capital secured for the last vehicle, with the first close expected next month, VCCircle has gathered.

South Park Commons Plans India Fund

South Park Commons (SPC), a California-based technical community for startup founders, is raising $40 million (about ₹340 crore) for an India-focused fund to invest in early-stage ventures.

Target global chip shifts, not self-sufficiency: Chris Miller

The Chip War author batted for strategic focus on diversification of global tech innovation

hBits Plans to List Its Maiden SM Reit Asset

Fractional ownership platform hBits Proptech Pvt. Ltd, which allows retail investors to invest in rental income-generating properties, is set to float a small and medium real estate investment trust (SM Reit) by February, a top executive told VCCircle.

India to simplify tax filing rules in budget

The government plans to simplify income tax filing rules to make it less tedious for taxpayers to comply with the law and help cut down on disputes that have ballooned to more than $120 billion over the past decade.

Why farm growth held up as other key sectors slowed down

India's farm economy, which employs nearly half the population, is forecast to outperform other key sectors during 2024-25, but the expansion is partly due to a so-called base effect, analysts said on Wednesday, a day after the release of full-year official estimates of gross domestic product (GDP) growth.

India Eyes Intra-State Linking of Rivers to Combat Drought and Floods

India's water crisis is a tale of extremes—while some regions battle floods, others face parching droughts.

PMO Working on Blueprint to Industrialize North India

The govt is focusing on bridging the North-South divide by pushing investment in the North

Govt revises gold import data, Nov trade deficit to shrink

The government has revised gold import data, bringing down numbers for November by $5 billion (₹42,950 crore) to $9.84 billion, possibly to rectify double accounting of inbound shipments.

CES 2025: What lies ahead in tech this year

With more powerful computing chips, the idea of PCs compact enough to be carried around in one hand is becoming real

Kick off the new year with fresh games

Despite a typical slow pace, Jan 2025 features several new game releases