CATEGORIES

Quantum computing is closer to reality after another Google breakthrough

In 2019, a team of Google researchers said they had built a machine capable of performing tasks that were not possible with traditional supercomputers.

US CEO murder suspect is Ivy League grad

Valedictorian at his $37,000-a-year all-boys prep school. Founder of a gaming club and graduate at an Ivy League university. A rapidly ascending data engineer at TrueCar Inc. Luigi Nicholas Mangione was all that. And now, he's been charged in New York with the murder of insurance executive Brian Thompson, a father of two gunned down last week in Midtown Manhattan.

After strike, Boeing restarts 737 MAX production

Boeing restarted production of its best-selling 737 MAX jetliner last week, about a month after the end of a seven-week strike by 33,000 factory workers, according to three sources familiar with the matter.

China's exports slow, imports shrink ahead of Trump tariffs

China's exports slowed sharply and imports unexpectedly shrank in November, in a worrying sign for the world's number two economy as Donald Trump's imminent return to the White House brings fresh trade risks.

Syrian rebels name caretaker PM

Mohammed al-Bashir will run administration until March 1; Israel's Katz says he ordered a 'sterile defensive zone'

Next edition of debt and investment survey in 2026

The National Statistical Office (NSO) is slated to kickstart the next round of \"All India Debt and Investment Survey (AIDIS)\" in 2026, after the surveys on health, travel and tourism expenditure are completed as part of the 80th National Sample Survey (NSS) round next year, official sources said.

Asset quality pressure rising in India: Fitch

Global rating agency Fitch on Tuesday said the rapid credit growth and historical risk-taking have intensified asset quality pressures in emerging markets like India and Vietnam.

India set for resilient growth in '25: S&P

The Indian economy is set for resilient growth in 2025 on the back of strong urban consumption, steady services sector growth, and ongoing investment in infrastructure, S&P Global Ratings has said in its latest India Outlook.

India for 'per capita distribution of subsidies' criteria for fishers

India is pushing for the use of a \"per capita distribution of subsidies\" criteria in order to discipline subsidies that result in overfishing and overcapacity under a World Trade Organisation (WTO) framework.

Ajay Seth given additional charge as revenue secy

The Appointment Committee of the Cabinet, headed by Prime Minister Narendra Modi, on Tuesday assigned the additional charge of the post of revenue secretary in the finance ministry to Economic Affairs Secretary Ajay Seth.

Rupee hits new low of 84.85 vs dollar

Traders expect new RBI guv to tread a more flexible path on exchange rate

The relationship between RBI and govt is at its best

Outgoing Reserve Bank of India Governor SHAKTIKANTA DAS talks of how the relationship between the central bank and the government has evolved, why putting business restrictions is the last resort for the regulator, and that growth is impacted by a multiplicity of factors, not just one factor of the repo rate. Edited excerpts:

RBI an institution of trust, credibility: Das

As he left office on Tuesday, Reserve Bank of India (RBI) Governor Shaktikanta Das reminisced on how, together with the central bank's team, they successfully navigated an exceptionally challenging period marked by unprecedented global shocks, wishing that the top bank grows even taller as an institution of trust and credibility.

New governor has a lot on plate

Sanjay Malhotra takes charge as 26th RBI governor at a time when headline retail inflation has shot up to 6.2%

Will do what is best for economy, says incoming RBI guv

A day after his appointment as the 26th governor of the Reserve Bank of India (RBI), outgoing Revenue Secretary Sanjay Malhotra on Tuesday said one must understand the economic landscape and do what was best for the economy.

Fog mandate: DGCA denies Akasa immediate relief

The Directorate General of Civil Aviation (DGCA) has directed Akasa Air to immediately comply with its mandate to deploy only CAT-III-trained pilots at all six major fog-affected airports, even as it reviews the airline's requests for certain exemptions, sources told Business Standard on Tuesday.

Separate policy sought for stainless steel industry

Industry body Indian Stainless Steel Development Association (ISSDA) is pushing for a separate policy for the stainless steel industry.

Omnicom's IPG buy to make it India's 2nd-largest ad firm

The board of directors of the Omnicom group on Monday approved the acquisition of Interpublic Group (IPG), making it the largest advertising company in the world by revenue.

Wet blanket on investments if imports are not curbed

Surge in import of flat steel from China to India is roiling the large integrated steelmakers who have lined up big-ticket investments through this decade. Trapped in a downward profit spiral, steelmakers are asking the Centre to put in place trade and non-trade remedy measures to protect the domestic industry. In a video interview, ArcelorMittal Nippon Steel India (AM/NS India) director and CEO DILIP OOMMEN tells Ishita Ayan Dutt that things will only get worse if the government doesn't act in time. Edited excerpts:

IOC pact gives us access to 37K retailers, 13K LPG distributors

Much before the Teslas, Athers and Olas of the world, CHETAN MAINI, now chairman of battery-swapping major Sun Mobility, co-founded Reva - India's first electric car company in 1994. The world was then busy guzzling diesel and warming the earth. But Reva remained a trial for customers, before Maini sold it to Mahindra. The Stanford alumnus moved on to start a battery-swapping business in 2017, again a bit early for its time. Maini has now roped in Indian Oil as an equal partner. That involves setting up battery-swapping stations (BSS) at IOC's fuel outlets. In an interview, Maini spoke to S Dinakar in Chennai to explain what this new tie-up means for both companies, and for battery swapping. Edited excerpts:

India's BEV market to grow threefold next year: S&P

Battery electric vehicles (BEVs) are projected to see nearly a threefold increase in production in calendar year (CY) 2025, driven by major electric car launches.

Maharashtra, Tamil Nadu ride auto PLI manufacturing wave

Maharashtra, Tamil Nadu, Haryana, and Karnataka have emerged frontrunners in India's electric vehicle (EV) manufacturing ecosystem, accounting for over 200 of the 257 manufacturing facilities and engineering research and design units established by beneficiaries of the government's Production Linked Incentive (PLI) Scheme for the Automobile and Auto Component Industry (PLI-Auto), according to data from the Ministry of Heavy Industries (MHI).

'India not tougher than other mkts'

Online retail major Amazon is navigating a challenging regulatory environment in India at a time when e-commerce is witnessing rapid growth and quick commerce has emerged as a new reality. SAMIR KUMAR, in his first interview since taking charge as Amazon India head in September, tells Aryaman Gupta & Nivedita Mookerji in New Delhi that regulatory challenges exist in every market and that India is not more difficult than others. On quick commerce, he says a pilot for 15-minute delivery is starting in Bengaluru this month. Edited excerpts:

RBI approves Burmans' 26% stake buy in REL

Shareholders of Religare Enterprises (REL) will decide the future of the company's Executive Chairperson Rashmi Saluja, who is seeking reappointment as a director, at the annual general meeting (AGM) scheduled for December 31.

LISTING OUT KEY ISSUES FOR RBI Das: Restoring inflation-growth balance top task

Restoring the inflation-growth balance is the most important task ahead for the Reserve Bank of India (RBI), outgoing Governor Shaktikanta Das said on the last day of his tenure while listing out some key issues for his successor, Sanjay Malhotra.

Amazon raises export target from India: $80 bn by 2030

Says it's on track to reach $20 bn goal in exports by 2025

IndiGo plane lands at Noida Airport in first flight validation test

The upcoming Noida International Airport (NIA) at Jewar in Gautam Buddha Nagar on Monday announced the \"successful\" completion of its validation flight, a crucial step in the process of acquiring aerodrome licence.

Indians lead Global South in adapting to AI, tech revolution

GLMC study reveals that over 70% Indians actively seek opportunities to upskill

A-I places order with Airbus for 100 aircraft

Tata-run Air India Group on Monday stated that it has placed an order for 100 planes—90 narrowbody A320 family aircraft and 10 widebody A350 aircraft—with European aircraft manufacturer Airbus.

CRACKING THE WHIP

Why Sebi is tightening the regulations for public issues of SMEs