CATEGORIES

Macron names Bayrou as French PM

'There is a path to be found that unites rather than divides people,' says leader of centrist Democratic Movement party

₹35K cr subsidies needed to meet 2030-31 ethanol-blending target

The Indian Sugar Mills Association (ISMA), in a road map presented to the government recently, said the country would need to increase subsidies to nearly ₹35,000 crore to create an additional 7.70 billion litres of ethanol capacity from sugarcane to achieve blending levels of 20 to 25 per cent by the 2030-31 ethanol supply year (ESY).

BJP, Congress accuse each other of dishonouring Constitution's spirit

Rajnath says Congress always chose power over Constitution, draws counter from Priyanka

House panel for increased pvt participation in rail infra

After a heated debate on railway privatisation in the Lok Sabha during the current session, the parliamentary standing committee has advised the national transporter to explore ways to increase private sector participation in its infrastructure.

PM to address chief secys at NITI Aayog meet today

The NITI Aayog on Friday kicked off its three-day conference of chief secretaries and top officials of all States and Union Territories.

Microfinance growth may nosedive to 4% in FY25

QUALITY CONCERNS

SBI seeks counter bids to sell JAL's ₹52K cr debt

State Bank of India (SBI) has invited counter bids from entities interested in acquiring bad debt of ₹52,074 crore in Jaiprakash Associates Ltd (JAL) via a Swiss challenge auction, triggered by an anchor bid from state-owned National Asset Reconstruction Company Ltd (NARCL).

Nestle ruling fallout: Switzerland revokes MFN status to India

From Jan 1, Indian firms will face higher tax on dividend income

Brokers will need exchanges approval for each algorithm: Sebi

Algorithms developed by retail investors will need to be registered with exchanges through their brokers.

Forex reserves decline to 5-mth low of $654.8 bn

India's foreign exchange reserves dropped by $3.235 billion to $654.857 billion, a five-month low, for the week ended December 6, data released by the Reserve Bank of India (RBI) revealed on Friday.

Even a 2% wealth tax on billionaires can raise a lot of money for social infra

What are the key reforms the government should undertake to reduce inequality?

CEA: Higher tax will drive capital away

Taxing capital less may not lead to more investments but taxing more will drive capital away, Chief Economic Advisor V Anantha Nageswaran on Friday said during a discussion on Inequality, Economic Growth and Inclusion.

Economists see 25-bp rate cut in Feb

With the latest headline inflation rate coming in at 5.48 per cent and expectations of it remaining below 6 per cent in the coming months, economists and the markets are betting on a cut in the policy repo rate of 25 basis points (bps) by the Reserve Bank of India's (RBI's) rate-setting body Monetary Policy Committee (MPC) in the February meeting.

Crude oversupply likely to hit 950,000 bpd next year: IEA

Global markets are expected to see an oil surplus of 950,000 barrels per day (bpd) in 2025 despite an extended supply cut by OPEC+ nations, the International Energy Agency's (IEA) said, a projection which could be favourable for India as large oil glut may lead to lower oil prices.

Space Kidz eyes lunar leap with all-woman line-up

May become first Indian private firm to crash-land on the moon's surface

Spacetechs shoot for stars but funding continues to be elusive

The Indian space technology sector is currently valued at $8.4 billion, but accounts for a mere 2 per cent of the global space economy.

INDIAN BILLIONAIRES: THE RISE OF A FEW

India has 185 billionaires, the third-largest such cohort in the world after the United States (US) and China, according to a report released this week.

India narrows China's lead in 5G phone conversion

India is closing the gap with China in the rapid shift of smartphone shipments from 4G to 5G over the past 12 months.

Apple may begin AirPods assembly early next year

Apple Inc will begin producing its AirPods wireless earphones in India for the first time early next year, marking a milestone in the iPhone maker's steady push to diversify beyond China.

Our aim is to make India world's top domestic aviation hub, says Naidu

India's civil aviation sector has witnessed rapid growth over the last ten years and now the aim is to make the country the top global domestic aviation hub, Union minister K Rammohan Naidu (pictured) said on Friday.

SpiceJet clears all PF dues worth ₹160 cr

SpiceJet on Friday said it has cleared all employee provident fund (PF) dues worth ₹160.07 crore that were pending for over two years.

CCI can't be given special treatment: SC

Refuses to transfer all pleas to itself

High dispatches, low retail sales may up PV inventory

Dispatches log best Nov numbers with 4.1% growth, retail sales decline 14%

Tata airlines seat capacity soars, but IndiGo way ahead

The Tatas have collectively increased their aggregate airlines seat capacity across domestic and international markets by an impressive 20 per cent, going from 64.03 million in calendar year (CY) 2023 to 76.72 million in the current CY, according to data shared by the group that controls Air India in which Vistara has been merged recently.

Less inequality can push growth, poverty alleviation in India

The income share of India's top 10 per cent population should be 30-40 per cent, not the 55-60 per cent seen at present, says French economist THOMAS PIKETTY, known for his groundbreaking research on economic inequality, wealth distribution, and the dynamics of capitalism. A professor at the Paris School of Economics, where he also co-founded the World Inequality Lab (WIL) and the World Inequality Database (WID), Piketty has sparked global debates with his research, becoming a central figure in contemporary discussions on economic equity and public policy. In an interview with Ruchika Chitravanshi and Asit Ranjan Mishra in New Delhi during his India visit, Piketty advocated a wealth tax on Indian billionaires to finance social infrastructure. Edited excerpts:

Sebi proposes guardrails for retail algorithmic trades

The Securities and Exchange Board of India (Sebi) has proposed measures to regulate algorithmic (algo) trading by retail investors, introducing new checks and balances for stock brokers and exchanges.

Sensex rebounds over 2K pts from day's low

Mkts end in green for 4th straight week, longest winning run since July

Chessboard to billboards: Brand Gukesh gets wings

Edtech, banks, fintechs and IT firms expected to make a beeline to sign the youngest world chess champion

Uber launches 'women only' bike rides in B'luru

The company plans to introduce the service in other top cities such as Delhi, Mumbai, Kolkata, Chennai and Hyderabad

AI vulnerability in focus after ChatGPT outage

In an increasingly artificial intelligence (AI)-driven world, the recent outage of ChatGPT has reignited debates around the growing reliance on AI and, more broadly, on popular tech platforms.