CATEGORIES

AI to power 40% of utility control rooms, says Gartner

BY 2027, 40% of control rooms in the power and utilities sector will deploy AI-driven operators, according to Gartner.

Fivefold growth in green investments likely: Crisil

INDIA IS EXPECTED to see a fivefold growth in the investments to the green energy sector to ₹31 lakh crore between 2025 and 2030, according to Crisil.

'Tackle local issues with local insights'

Advances in AI have surged over the past two years. But amid the hype lies a crucial question: how can businesses use AI systems to sift through large datasets and optimise energy usage, reducing waste as a result?

NPAs of SFBs to rise in FY25: Icra

RATING AGENCY ICRA on Wednesday said small finance banks (SFBs) will see an uptick in delinquencies in FY25, and the asset growth will slow down to 18-20%.

Indices Gain for Second Day Amid Firm Global Cues

The benchmark indices inched higher on Wednesday, led by energy and information technology stocks, although worries over slowing earnings and caution ahead of key US inflation data capped gains.

Most Indian Firms See AI as Strategic Priority: Study

Surpass global average of 75%

Mandi Prices of Soyabean Below MSP

DESPITE THE GOVERNMENT purchasing a record 1.3 million tonne (MT) of soyabean from farmers in key producing states at the minimum support price (MSP), its mandi prices continue to rule below the benchmark.

Vedanta Raises More Than $1 Billion

MINING MOGUL ANIL Agarwal's Vedanta Resources has raised $1.1 billion through a new bond offering to prepay existing liabilities, the company said in a Singapore exchange filing.

No near-term impact seen on India of US AI chip restrictions

Curbs to be effective in 3 mths

In letter to countrymen, Biden says 'soul of America' at stake

Coming out of the worst pandemic in a century and the worst economic crisis since the Great Depression, the United States in four years under Joe Biden's leadership has emerged stronger, more prosperous, and more secure, the outgoing US President said in a letter Wednesday.

Trade deficit at $21.9 bn; exports fall 1% in Dec

THE TRADE DEFICIT in December 2023 was $18.1 billion.

Rupee logs biggest single-day gain in over seven months

AFTER FALLING FOR the past five trading sessions, the rupee on Wednesday recovered 28 paise, or 0.33%, against the dollar, marking its biggest gain in over seven months, helped by a weaker dollar and a lower-than-expected trade deficit number.

Pichai joins Nadella in London cricket team bid

ALPHABET CHIEF EXECUTIVE officer Sundar Pichai is joining Silicon Valley executives bidding for a London-based cricket team, according to people familiar with the matter.

DPIIT & ITC Join Hands to Help Manufacturing Sector Startups

THE DEPARTMENT FOR promotion of industry and internal trade (DPIIT) has entered into a partnership with cigarettes-to-consumer goods conglomerate ITC to help startups in the manufacturing sector, according to a statement.

Next round of India-UK FTA talks to start in Feb

THE NEGOTIATIONS ON a free trade agreement (FTA) between India and the UK are expected to resume in early February, after months of pause due to the general election in the UK, a senior official said on Wednesday.

LTTS expects hiring decline in coming years on automation

• Revenue up 3% in Q3, logs highest-ever deal booking TCV

ShareChat to trim workforce by 5%

SHARECHAT, A SHORT video platform owned by Bengaluru-based Mohalla Tech, is planning to trim its workforce by 5% later this month following its annual performance review.

Jio Finance in talks with lenders for maiden debt sale

JIO FINANCE, A shadow lender owned by Asia's richest businessman Mukesh Ambani, is in talks with several lenders to make its first foray into the local currency debt market, according to people familiar with the matter.

Apparel retail may expect recovery in H2

THE APPAREL RETAIL sector in India is likely to show signs of recovery in the second half of FY25 due to improved consumer finances and a higher number of wedding days, India Ratings and Research (Ind-Ra) said on Wednesday.

Helping startups scale up business

● Govt support can serve as a catalyst for growth

Hero to rev up brand strategy

PUSHES FOR REDUCTION IN GST ON 125-CC BIKES TO 18%

Shoppers Stop looks at around 15 store additions in FY26

Shoppers Stop on Wednesday said that it was at the end of its store closure cycle that had been initiated over the last few months to improve profitability.

Los Angeles firefighters on alert for return of extreme winds

● 12,000 structures destroyed; new fire erupts in Oxnard

Tata Group Partners IISc for Medical School, to Contribute ₹500 Crore

TATA GROUP on Tuesday said it has partnered with the Indian Institute of Science (IISc) to establish Tata IISc Medical School at the institute's Bengaluru campus and will make a contribution of ₹500 crore for support.

RBI Guv Open to Let Rupee Move More Freely

UNDER DAS'S SIX years at RBI, the rupee's volatility slid to the lowest among emerging markets, second only to the pegged Hong Kong dollar.

Government May Set 10.3-10.5% Nominal GDP Growth Target

The tax cuts are not expected to affect the government's plans to reduce its fiscal deficit, the sources said, adding that the government expects this year's budget gap to come in 10-20 bps lower than an initially predicted 4.9%.

Regulatory Norms Under Review

INDUSTRY EXECUTIVES, MARKET participants, and economists have been urging the government to reduce the compliance burden of companies and ease regulatory oversight to remove redundancies and avoidable irritants for economic activity to improve.

Galwan to Siachen to Doklam: New spots in 'Battle Tourism' map

IN RECENT PUBLIC memory, Galwan - the river valley in Ladakh - is known as the site of violent border clashes between India and China in June 2020, wherein 20 Indian soldiers lost their lives.

Rupee's free fall to hit margins of EV makers

THE GOVERNMENT DATA from December 2024 highlights this dependency: just 12 out of 82 applicants under the PLI-auto scheme have achieved the 50% DVA target.

PoK foreign territory for Pak, is used for terror: Rajnath

ASSERTING THAT JAMMU and Kashmir, the \"crown jewel\" of India, is incomplete without Pakistan-occupied Kashmir, Defence Minister Rajnath Singh Tuesday warned Pakistan against allowing the region to be used for terror activity.