CATEGORIES

Global AI governance should be anchored by five key principles

AIthough artificial intelligence (AI) has been quietly helping us for decades, with progress accelerating, 2023 will be remembered as a 'big bang' year.

India's EV thrust should be led by luxury brands

Demand in this segment has been impressively strong and relatively price inelastic. An EV charge led by luxury cars could reset broad aspirations and hasten mass-market adoption

THE ANATOMY OF A CO-OP BANK SCAM

How the unravelling of the Karuvannur Service Cooperative Bank in Kerala exposed a web of deceit and criminal acts

Wholesale inflation jumps to 9-month high in December

WPI inflation rose to 0.73 % in December, accelerating from 0.26% in November

India on cusp of FDI flood, says Bajaj Finserv chairman

Another five years of a majority government in India could usher in a flood of foreign direct investment (FDI), Bajaj Finserv chair and MD Sanjiv Bajaj told Reuters at the World Economic Forum annual meeting on Monday.

India in better place for economic growth, says Axis Bank CEO

India is in a better place today to speed up economic growth helped by the approach of the current government, Axis Bank Ltd chief executive Amitabh Chaudhry said.

Boeing's pile of problems gets bigger as a key buyer hesitates

More safety checks are being planned on undelivered planes to China following the Alaska Airlines blowout

Govt intervenes as fog grounds air travel

In view of the fog-induced disruptions and adverse weather conditions at various airports, including Delhi airport, causing delays, cancellations and inconvenience to passengers, the DGCA has advised airlines to cancel flights which are likely to be delayed by more than three hours.

Mid-sized firms bullish on profitability: survey

J.P. Morgan's survey highlights positive outlook for mid-sized cos in India

Adani offers big homes to Dharavi residents

Billionaire Gautam Adani's conglomerate will g Il give homes to residents in Mumbai's Dharavi that are 17% larger than comparable projects, as the Indian tycoon starts the process of redeveloping the country's largest slum.

Vietnam's VinFast to start India EV biz in '24

Company to import vehicles as completely built-up units, set up network

RBI reviews regulatory structure for HFCs

The Reserve Bank of India (RBI) on Monday took another step to harmonize regulations applicable to mortgage financiers and other non-bank lenders, proposing higher liquid assets to back deposits at housing finance companies, smaller aggregate deposits as a proportion of their own capital, and allowing them to issue co-branded credit cards.

GMR eyes Bhutan's Gelephu economic zone for investment

Infrastructure major GMR is in talks with Bhutanese authorities for potential investments in the newly-announced Gelephu Mindfulness City, people familiar with the matter said, as the proposed special economic zone bordering Assam aims to house non-polluting firms, IT units, and hydropower projects and become the world's first carbon-negative enclave.

India insulated from Big Tech layoffs, but hiring may freeze

Google has laid off over 700 employees, while Amazon is eliminating 'several hundred roles'

SpiceJet gets nod for fund infusion

No-frills carrier SpiceJet on Monday said it has received in-principle approval from the BSE for a ₹2,242 crore capital infusion in the airline.

Lingering risks could play spoilsport for Petronet LNG

Gas importer Petronet LNG Ltd has grabbed investors' attention lately with the stock rallying 17% in the past two months.

DMart's recovery stretches on

Avenue Supermarts Ltd's recovery has been painfully slow, testing the patience of its investors. The food & grocery retailer, running DMart supermarket chain, has been reporting lacklustre results for many quarters now.

OneCard parent raises ₹120 cr debt from Alteria Cap

AIteria Capital, a venture debt fund, has invested ₹120 crore in mobilefirst credit card startup OneCard's parent FPL Technologies. It will use the capital to improve customer experience by developing innovative products with enhanced features and personalized offerings.

Livspace plans India return, eyes 2025 IPO

The firm reported revenue of nearly ₹1,100 crore in fiscal year 2023

PLI scheme eyed for critical minerals

With an eye on China, the union government is likely to come up with a policy framework for critical mineral refining. Under the policy, the government may come up with an incentive scheme on the lines of the production linked incentive (PLI) scheme, said two people in the know of the development.

Goods trade deficit narrows in Dec due to higher exports

India saw a rise in exports of electronic goods, drugs and pharma, and iron-ore in Apr-Dec

Crashing parties to making friends: What Davos elites know

For a master class in power networking, it's tough to beat the one taking place in the Swiss Alps this week.

Cos to alert govt, act fast in personal data breaches

Organizations that notice breaches of personal data may have to immediately alert users and flag them to the Data Protection Board, followed by a detailed filing within 72 hours. The government may release draft rules on the matter this week, a person aware of the matter said.

Tech backbone soon to connect IBC entities, quicken resolution

The Centre is planning to build a common information technology (IT) backbone linking various stakeholders of the corporate turnaround ecosystem to improve the efficacy of debt resolution, two people aware of the matter said.

Bharat Expo revs up, may become an annual affair

Top automakers from India and abroad are expected to turn up at the three-day Bharat Mobility Global Expo, the industry's newest coming-out party that may turn out to be an annual affair, multiple industry executives said.

For 250 mn poor, living standards get better

Close to 250 million Indians escaped multidimensional poverty in the nine years ending 2022-23, federal policy think tank Niti Aayog said on Monday, referring to an index it uses to track the various ways that economic poverty affects life.

Bankers gloomy as RBI scans salaries

Despondency boardrooms stalks and corner offices of private banks, as the regulator keeps top-level compensation under its thumb to prevent risk-taking of the kind that led to the global financial crisis of 2007-08. In several instances, the Reserve Bank of India (RBI) has refused to approve a pay hike, delayed approving higher remuneration or even directed an outright pay cut.

IT sets Street afire: indices at life highs

HDFC Bank, Reliance Industries support Monday's market rally

A blueprint for designing a greener office

Prioritizing sustainability while planning workplaces is key for several reasons

RBI's new regulatory framework relies on significant self-policing

The broad goal is to not only enable early risk recognition and mitigation but also reduce the regulatory burden for everyone