CATEGORIES

India has amplified possibilities of digital infra, says Sunil Mittal

The massive possibilities of digital infrastructure are amplified and showcased here in India, Bharti Enterprises Chairman Sunil Mittal said on Tuesday as he emphasised that the India model' which is frugal and low cost can be implemented by the African nations.

Meta to slash 10k jobs in second layoff round

The widely anticipated job cuts are part of a larger restructuring

Global banking stocks steady after $465 billion SVB wipeout

A selloff in global financial stocks paused on Tuesday after a two-day, $465 billion wipeout.

A fiscal pill to cool inflation fever

India’s inflation measured through the consumer price index (CPI) is still running hot. In February, the headline CPI remained elevated at 6.44% year-on-year (y-o-y), breaching the Reserve Bank of India’s (RBI) upper target limit of 6% for the second consecutive month.

'Infrastructure is crucial for innovation, research'

ChatGPT has put generative AI on every company’s roadmap. Training such large language models also requires large amount of computing power and companies like Nvidia, which drive some of the most powerful supercomputers, are set to play a key role. In an interview, Vishal Dhupar, managing director, Asia-South for Nvidia, delves into the role of generative AI, the value of computing infrastructure, and how well-placed India is to exploit these disruptive AI technologies. Edited excerpts:

Weatherman sees hotter summer for parts of north, east, central India

A hotter-than-normal summer is expected with temperatures likely to reach 2-3 degree celsius above normal in some parts of the Indo-Gangetic plains and eastern India during the last week of March, the India Meteorological Department (IMD) told a high-level meeting on Tuesday.

Wholesale inflation hits 2-yr low, food prices remain high

WPI remained in single digits for fifth month after 18 months of double-digit inflation

Zurich Airport eyes more bids under PPP

Switzerland’s Zurich Airport, which is building a greenfield airport near Noida in Uttar Pradesh, is looking to bid for more airports in the public-private partnership mode, said Christoph Schnellmann, chief executive of Noida International Airport.

Top corporates, HNIs queue up to book private jets

Top corporates and wealthy individuals continue to snap up business jets or tie up with aircraft operators for them, even though some of the pandemic-driven demand for private travel has tapered off.

Oil PSUs hit dividend roadblock in Russia

$400 mn stuck as Western curbs make it harder to transfer money

It Takes A Foundation Of Trust To Prevent SVB-Like Runs On Deposits

Silicon Valley Bank's fall was a classic example of how panic can take down even a sound bank if public confidence is lost

Is Cash Trading In The Stock Market Profitable For Retail Investors?

There is a possibility of making quick gains from short trades but investors face a greater risk of losing money

LIC's Debt Exposure To Adani Group Cos Falls To ₹6,183 Crore

Life Insurance Corp.'s (LIC) outstanding debt exposure to Adani Group companies declined from ₹6,347 crore at the end of 2022 to ₹6,183 crore on 5 March 2023, finance minister Nirmala Sitharaman told Parliament on Monday.

SVB's collapse also exposed the fragility of crypto stablecoins

Doubt attends their ability to overcome the evil of broken promises

Uncle Oscar and the tale of a wonderful elephant

India's Oscar haul this year has been impressive, but it's hard to shake off the hunch that the Academy's lens is still not as wide-angled as it should be for our spectrum of artistic cinema

SHOULD YOU BUY OR RENT? THAT DEPENDS

Financial influencers on Twitter would like you to rent a house. Their arguments are simplistic

Biden vows to hold banks accountable, reassures mkts

He said all customers who had deposits at both banks can \"rest assured they'll be protected\"

E-rupee worth over ₹130 cr in circulation

Digital or e-rupee worth over ₹130 crore is in circulation on a pilot basis as of 28 February, finance minister Nirmala Sitharaman said on Monday.

Demand for mock interviews rises as job market worsens

Fear of a looming global recession has skewed the labour market in favour of employers

Netflix pivots to film licensing in India as originals disappoint

Netflix is rejigging its content strategy in India, betting more on tent-pole films to attract new subscribers and retain existing ones as viewers find more affinity towards films such as RRR and Gangubai Kathiawadi on the platform.

Premium phones to drive 2023 volumes

High-end Apple, Samsung and OnePlus smartphones will be driving higher sales in 2023, as the Indian consumer upgrades to premium devices at a faster rate than the previous years to mark a clear shift in consumption patterns, analysts said.

Firms' ability to repay debt under pressure

High interest costs, employee expenses and capex spending raise burden

UPS open to Indian buyouts, works on decarbonizing ops

United Parcel Service (UPS) is open to making acquisitions in India to grow its operations, executive vice-president Laura Lane said.

Global demand, tech to fuel disruption in auto parts mkt

The China-plus-one strategy is seen as playing out well for India's aftermarket sector

SVB depositors face wire transfer hurdle

Indian startups with accounts at Silicon Valley Bank had trouble moving funds out of the bank on Monday morning because international wire transfers from the beleaguered bank were suspended due to a heavy load on the banking system, startup founders and fund managers said.

Jawa's new job: How to make HUL bigger

Hindustan Unilever Ltd (HUL) is all set to pass the reins to Rohit Jawa, who will take over as the managing director (MD) and chief executive officer (CEO) with effect from 27 June. Jawa will succeed Sanjiv Mehta, who is due to retire after heading the company for a decade.

AI sees muted pace of adoption in stock market trading

Stock markets and investment advisors have taken a slow approach towards adopting artificial intelligence (AI) in everyday operations even as AI leads the digital transformation of multiple legacy industries.

'It's time for India to pause rate hikes to salvage manufacturing'

It is time India's interest rate cycle decoupled from that in the rest of the world as the high interest rate is constraining the manufacturing sector, said Sanjiv Bajaj, president of industry body Confederation of Indian Industry (CII) and CMD of Bajaj Finserv.

Oscar glory for Elephant Whisperers, RRR song

Indians erupted in celebration on Monday after Naatu Naatu, the breakout hit from the action movie RRR, won the Academy Award for best original song, making history as the first movie from the country to win the honour.

Stricter ad rules for edu institutes

Advertising rules for educational institutes are set to get more stringent, with the Advertising Standards Council of India (ASCI) introducing new draft norms stipulating that institutions can no longer make unsubstantiated claims about job placements or guarantees of academic success on enrollment.