CATEGORIES

Bomb hoax calls to be made cognizable offence: Naidu

Bomb hoax calls, which have affected more than 90 flights of Indian carriers since October 14, will soon be made a cognizable offence under Indian laws, Civil Aviation Minister Kinjarapu Rammohan Naidu said on Monday.

The state of global venture capital

The industry in the West is at a crossroads as exits dry up - a mistake India must avoid

Differential exposure

Climate change hits the poor the hardest

Board committees: The board's engine room

The business of business is no longer only profit maximisation. It has been redefined to focus on generating value not just for shareholders but for all stakeholders, promoting the long-term sustainable success of the company, and contributing to society. Business is now more complex. Digital transformation, cybersecurity, artificial intelligence, recruitment and retention, climate change, geopolitics are just some of the more recent issues that boards need to address. Boards deal with this evolving and ever-expanding list through board committees that allow for enhanced decision-making. Some are for monitoring (audit committee) and others for advising (technology committee), ensuring that firms are well served.

Delimitation in focus as 2 South CMs talk reversing population policies

Over the past three days, the chief ministers of two southern states have flagged concern about the region's diminishing demographic dividend in the decades to come on account of the strides the South has made in population control.

HDFC Bank's Q2 mileage triggers target upgrade

Brokerages see up to 24.6% upside after better than expected results

Microsoft launches AI agents, deepening rivalry with Salesforce

Microsoft is launching a set of artificial intelligence (AI) tools designed to send emails, manage records and take other actions on behalf of business workers, expanding an AI push that intensifies competition with rivals like Salesforce.

Apple CEO's sidequest: Helping Nike turn things around

A new iPad lineup wasn't the only thing on Tim Cook's mind when he introduced the tablets from Apple's California headquarters in May. The hint was on his feet: a pair of one-of-a-kind sneakers designed on an iPad just for Cook, by Nike.

Morgan Stanley's Gorman named new Disney Chair

New CEO to be announced early 2026

3 Lebanese soldiers killed in strike; Israel apologises

Says it is not battling the military and mistook the troops to be Hezbollah men

Rift in INDIA bloc over seat sharing

A consensus has eluded the INDIA bloc parties in reaching a seat-sharing agreement for contesting the Assembly elections in Jharkhand and the bypolls in some states, especially Uttar Pradesh (UP).

PM lauds Mobius' advice to 'invest 50% in India'

Modi says India does not believe in 'taken-for-granted' relations

New offshore-mining rules allow lease surrender after 10 years

Paving the way for India's first offshore mineral auction, the Centre has notified the Offshore Areas Operating Right Rules, 2024, aimed at regulating the exploration and production of minerals in offshore regions.

FM approves raising of posts of CGMs public sector banks

Finance Minister Nirmala Sitharaman has approved the creation of Chief General Manager post (CGM), below board level, in five more nationalized banks including Bank of Maharashtra, Central Bank of India, and UCO Bank.

SBI to outsource 40% onsite ATMs

State Bank of India (SBI) is planning to outsource the maintenance of 10,000 of its on-site automated teller machines (ATMs).

More unsecured loans of private banks turn NPA

Most private banks reported significant slippages to non-performing assets (NPA) from unsecured loans like credit cards in the July-September period (Q2FY25).

Bajaj Housing Fin profit up 21% in 1st result since listing

The net profit of Bajaj Housing Finance, a non-banking financial company (NBFC), surged 21 per cent year-on-year (Y-o-Y) to ₹546 crore in the second quarter of FY25 (Q2FY25) from ₹451 crore in Q2FY24, aided by healthy growth in total income.

Outward remittances under LRS drop 5%

Outward remittances under the Reserve Bank of India's Liberalised Remittance Scheme (LRS) fell 4.97 per cent year-on-year (Y-o-Y) to $3.2 billion in August 2024 compared to $3.37 billion last year due to tepid growth in the international travel segment.

Pvt banks leading in AI adoption

Private sector banks in India are taking the lead in the adoption of Artificial Intelligence (AI) in areas like fraud detection, customer segmentation, and chat automation, according to a Reserve Bank of India (RBI) study.

RBI CLAMPDOWN Navi nixes ₹100 crore bond sale

Bengaluru-based non-banking finance company (NBFC) Navi Finserv cancelled its planned bond issuance of ₹100 crore, which was scheduled for bidding on Monday, two sources privy to the development said.

RBI net sold $6.5 bn in August

Reverse buying, selling $ to stabilise ₹ amid carrytrade unwinding

FinMin can't treat DRT officers as subordinates: SC

The Supreme Court (SC) on Monday reprimanded the finance ministry and sought an explanation from it for asking the debts recovery tribunals (DRTs) to collect data for the ministry.

250-bp rate hike lowered demand, inflation by 160 bps

Durable alignment with target in sight, says report

Brics to focus on closer energy ties among members

The 16th Brics Summit is expected to see more focus on creating a sharper energy policy for the grouping that ensures closer partnership among members in both energy security and energy transition, official sources said.

Poonawalla's bold script: 50% stake buy in Dharma for ₹1K cr

Karan Johar to retain remaining 50% ownership

Career Launcher parent plans to test international waters

CL Educate, the parent company of coaching centre Career Launcher, is planning expansion into key international markets such as Singapore, Indonesia, West Asia and North America.

Celeb-bait ads make Meta turn to facial recognition tech to combat scams

Global launch to help with faster account recovery

UltraTech Q2 profit falls 36% on lower revenue from ops

Profit stands at ₹820 crore, revenue down 2.4% at ₹15,634.73 crore

CPSE dividend likely to cross record FY24 tally

₹29,000 cr in kitty so far; govt may garner ₹65,000 cr in FY25

RBI report confident of festival boost to economy

The Reserve Bank of India's (RBI's) State of the Economy report for October acknowledged a slowdown in some high-frequency indicators but expressed confidence in a recovery, aided by consumption demand during the festival season.