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Vistara planes to replace Air India's on metro-to-metro routes after merger

Vistara's aircraft, having better interiors, will replace Air India's planes on major metro-to-metro routes between Delhi, Mumbai and Bengaluru after the merger of both carriers next month, sources privy to the development said on Thursday.

Develop new tech to make AI safe

JENSEN HUANG, founder and chief executive officer, Nvidia, says India has a big role in exporting intelligence. In a media briefing he speaks of the partnership with Reliance, diversifying its relationship beyond TSMC, and making artificial intelligence (AI) accessible to the masses. Edited excerpts:

India Inc revenue growth in Q2 likely slowest in 4 years

The revenue growth of Indian companies for the July-September quarter is estimated to be 5-7 per cent year-on-year (Y-o-Y), marking the slowest growth in 16 quarters, rating agency CRISIL said on Thursday.

Project stalling rate eases to 12-yrlow

In an indication of a better investment situation, the rate at which private projects are getting stalled has fallen to its lowest levels in over a decade.

Nvidia, RIL join forces to build AI computing infra

American chip firm also expands ties with Infosys, Wipro, TCS and TechM

MF investors bet over ₹17K crore on key equity schemes amid selloff

Demonstrating resilience, mutual fund investors pumped nearly ₹17,100 crore into key equity schemes on a net basis over the past few weeks despite a heavy selloff in the markets.

Blinken Urges Ceasefire In West Asia As Israel Bombs Lebanese Port City

US Secretary of State Antony Blinken pushed on Wednesday for a halt to fighting between Israel and militant groups Hamas and Hezbollah, but heavy Israeli air strikes on a large historic Lebanese port city demonstrated that there was no respite.

Dialogue And Diplomacy Only Way Forward: Modi At BRICS

India believes dialogue and diplomacy are the only way forward to resolve conflicts, Prime Minister Narendra Modi said at the 16th Brics Summit in Kazan on Wednesday.

IIFL Finance posts ₹93 crore net loss

IIFL Finance Ltd reported a consolidated net loss of 93 crore in the quarter ended September 2024 (Q2FY25) as the non-banking finance company (NBFC) made a 100-per cent provision of ₹586.5 crore for security receipts (SRS) in the quarter.

Shiv Sena, NCP release first list for Maha polls

The Shiv Sena and the Nationalist Congress Party (NCP) on Wednesday released their first list of candidates for the November 20 Maharashtra assembly polls.

AI: One earth, one regulatory ecosystem

Artificial Intelligence (AI) technologies, built on predictive and deterministic analysis of large data sets and patterns, transcend geographies.

Institutions for development

Growth is driven by technological dynamism even more than by security for private capital

Arm Holdings to scrap Qualcomm chip design licence

Arm Holdings Plc is cancelling a licence that allowed longtime partner Qualcomm Inc to use Arm intellectual property to design chips, escalating a legal dispute over vital smartphone technology.

Tata AIG eyes 30% CAGR in retail health over 3 yrs

Tata AIG General Insurance on Wednesday said it is aiming to grow its retail health portfolio at a 30 per cent CAGR over the next three years, driven by the expansion of its distribution network and introduction of new riders.

Govt lifts curbs on rice exports; floor price for non-basmati scrapped

Lifting curbs on rice exports, the government on Wednesday removed the floor price for non-basmati rice shipments and exempted parboiled and husked (brown) rice from export duty.

Vedanta Resources raises $300 mn via tap option

Vedanta Resources, the parent firm of Mumbai-based mining conglomerate Vedanta Ltd, has raised $300 million by exercising the tap option on the existing bond issue.

SC opens tap for state regulation of industrial alcohol

In a big victory for states, the Supreme Court (SC) on Wednesday, in an 8:1 majority, upheld the states' right to regulate taxes on industrial alcohol, overruling a 1990 judgment.

Cyclone Dana: 1 mn people to be evacuated in Odisha

As Cyclone 'Dana' barrels toward the Odisha coast, threatening to impact nearly half the state's population, the government is racing against time to execute a massive evacuation plan aimed at relocating around 1 million people in 14 districts to safety.

Priyanka declares assets worth ₹12 cr

Congress General Secretary Priyanka Gandhi, who on Wednesday made her electoral debut by filing a nomination as a Congress candidate for Wayanad Lok Sabha bypoll, has declared assets worth over ₹12 crore.

Artificial rainmaking still under research

India Meteorological Department (IMD) Director General MRUTYUNJAY MOHAPATRA said the Mission Mausam programme, approved by the Union Cabinet last month with a budget outlay of ₹2,000 crore over two years, will not just improve weather forecasting in the country but also study the potential to enhance or suppress rain. In an interview with Ramani Ranjan Mohapatra in New Delhi, the IMD chief spoke about the improved forecasting system, global warming impact, and artificial intelligence (AI) applications.

MVA allies to fight on 85 seats each

After days of stalemate, Maha Vikas Aghadi of Congress, NCP (SP), and Shiv Sena (UBT) on Wednesday announced they would contest 85 seats each in Maharashtra Assembly elections.

Goldman cuts Indian equities to neutral on slowing growth

Analysts are becoming more divided on the outlook for India's stock market after an 11-month winning streak.

Hyundai Motor shares rebound over 4%

PICKING UP Hyundai Motor India Share price in ₹

Sebi plans options to future switch for single stocks

Move, akin to commodities futures, to ease risk around physical settlement

Sensex, Nifty end in red

Extending its losing streak to third day, benchmark Sensex declined by 138 points on Wednesday in a choppy trade as investors booked profits in auto, pharma and capital goods shares amid continued FPI outflows.

Growth trajectory to aid higher valuations for Persistent Systems

Midcap IT major Persistent Systems (PSYS) delivered a strong Q2FY25 performance which led to an 11 per cent uptick in its stock price on Wednesday. The company reported a 17 per cent growth in H1FY25 Annual Contract Value (ACV) and a 27 per cent growth in new ACV. There was margin consistency despite wage increases.

Small, midcap rally may lose steam

After a strong run in the midcap and smallcap indices, which surged 46 per cent and 43 per cent, respectively, on the National Stock Exchange (NSE) during Samvat 2080, analysts suggest that the rally in these segments may pause to catch its breath in Samvat 2081.

Decreased leverage: Debt/equity for listed SMEs at lowest in yrs

Part-II of the series examines the improving balance sheets of SME-listed companies and their relatively conservative approach to debt after Covid-19

When religion meets nationalism

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Microsoft Excel continues to add value