CATEGORIES

Centre seeks nod for more spending

The central government on Wednesday sought Parliament's approval to spend ₹1.29 trillion in FY24, which included redistributing funds among ministries and departments.

'Raise domestic financing to fund climate action projects'

Developing economies need to do more domestically to raise financing and deepen domestic capital markets to participate and invest in climate action, said International Monetary Fund (IMF) managing director Kristalina Georgieva in an interview held during the climate summit in Dubai.

Global luxury brands knock at India gate

Global luxury brands spanning apparel, cosmetics and accessories are gunning for the Indian market, at a time malls dedicated for the uber-rich are sprouting across the country. According to multiple industry executives, a dozen luxury brands are close to opening their first India stores, or looking to scale up their presence in the country.

EU liquor cos for 50% cut in tariff

Liquor makers in European Union (EU) have pressed for a halving of India’s import tariff in their free trade discussions, a top EU liquor industry executive said.

App fiasco: BoB now traces consent forms

Bank of Baroda (BoB) is trying to trace the paper trail behind a recent scandal where some employees allegedly created false app sign-ups using random mobile phone numbers, two officials at the state-owned lender said. The bank has asked branches to produce customer consent and registration forms for signing up on the bob World app and changing mobile numbers.

Ola Electric races to file DRHP in two weeks

Bhavish Aggarwal-led Ola Electric aims to file draft share sale papers in the next two weeks, two people aware of the matter said, ahead of the electric two-wheeler maker’s plans to go public early next year.

Meta, IBM Create Al Alliance For Industry

Meta Platforms Inc. and International Business Machines Corp. (IBM) are joining more than 40 companies and organizations to create an industry group dedicated to open source artificial intelligence work, aiming to share technology and reduce risks.

Indian volleyball's high point

Ahmedabad Defenders, winners of the 2023 Prime Volleyball League, will represent India at a key club world event

Oil output reduction is better than plugging methane leaks

Hydrocarbon industry efficiency matters less than scaling it back

Facts about India's GDP growth challenge the narrative of critics

An objective look shows investment-inflation low, real investments high and India's GDP growth exceeding expectations

Scanning markets could serve security purposes

That some traders may have acted on a tip-off about the Hamas attack of 7 October suggests that intelligence agencies could use Al scanners to spot signs of danger in market patterns

Can hybrid vehicles help you save more than EVs?

Subsidies on EVS reduce their upfront cost. There is no registration fee and road tax either

UK seals Rwanda treaty as Sunak takes on courts

The UK struck a deportation treaty with Rwanda as Prime Minister Rishi Sunak seeks to force his controversial plan to fly asylum seekers to the east African nation past the UK courts.

Israel expands ground offensive in south Gaza

Israeli forces drop new leaflets, instructing residents to stay inside shelters

Michaung weakens as it makes landfall in coastal Andhra

Rain-related incidents claim 13 lives; more than 140 trains, 40 flights cancelled in AP

FICO sees major opportunities in India

US-based analytics company FICO, the maker of FICO credit score used by lenders to assess credit worthiness of borrowers, sees business opportunities in the upbeat consumption potential of the Indian economy, chief executive officer Will Lansing said in an interview.

Wipro Consumer buys 3 soap brands

Wipro Consumer Care and Lighting has acquired personal care brands Jo, Doy and Bacter Shield from VVF (India) Ltd, marking the company's 15th acquisition till date and the third in the past year.

Go First lessors tell HC they've been denied access to aircraft

Delhi HC tells RP to file affidavit by 10 December stating whether court order was followed

Recruiters scout for niche tech skills in IIT campuses

Students with regular profiles in less demand as companies hire for complex projects

Goldman working on 'innovative' swaps

Goldman Sachs Group Inc. is working on its first ever deals in a corner of the debt market that's increasingly being touted as a way for struggling emerging markets to attract risk-averse private capital.

Two-wheelers race ahead in Nov

The two-wheeler category outperformed other automotive segments in November, with companies clocking a robust year-on-year volume growth.

Bioenergy, exports to drive Praj Industries' revenue growth

Praj Industries Ltd's investors find themselves in a sweet spot with its shares rising by almost 67% in the past six months. The company aims to triple its revenue by FY30, it said in an analysts meet.

Acquisitions on the horizon in real-money gaming sector

India's nascent real-money gaming industry is going through a phase of consolidation, with larger firms looking at smaller startups that may help improve the former's net user base, and in the long run, revenue.

The Sleep Company raises ₹184 crore in Series C funding

The Sleep Company, an omnichannel leader in T the comfort-tech business, has raised ₹184 crore in Series C from existing investors Premji Invest and Fireside Ventures.

R&D spends of Indian IT majors on a decline

Lower R&D spending underscores the challenges faced by tech leaders

Over 70 GST notices issued to online gaming firms, ₹1.1 tn due

Online gaming companies have been issued 71 show cause notices relating to Goods and Services Tax (GST) in FY23 and in the current financial year up to October, minister of state for finance Pankaj Chaudhary informed the Rajya Sabha on Tuesday.

UN agency cites worrying warming trend

The United Nations agency is weather reporting that glaciers shrank more than ever from 2011 and 2020 and the Antarctic ice sheet lost 75% more compared to the previous 10 years, as it released its latest stark report about the fallout on the planet from climate change.

Farm fires subside but Delhi air quality remains perilous

Weather patterns probable cause of persisting air pollution problem in national capital region

'India to be world's third-largest economy by 2030'

India will remain the fastest-growing major economy for at least the next three years, setting it on course to becoming the world's third-largest economy by 2030, S&P Global Ratings said in a report.

Nov services activity rises, but at slower pace: Survey

India's services sector activity expanded in November though at the slowest pace in a year, prompting businesses to maintain a positive outlook for the next 12 months. However, concerns about inflation are still high on their minds, a private survey showed.