CATEGORIES

DMart Q3 revenue rises 17.5% to ₹15,565 crore

AVENUE SUPERMARTS, OWNER of retail chain DMart, on Thursday reported a 17.5% rise in its standalone revenue at ₹15,565.23 crore in the quarter that ended on December 31.

RIL to build AI infra hub in 24 months, says Akash Ambani

RELIANCE INDUSTRIES WILL build AI infrastructure in Jamnagar within a record 24 months, making the city the global leader in this domain, said Akash Ambani, director at RIL, at an event commemorating the 25th anniversary of the company's Jamnagar Refinery.

Indian Airlines Score Low on Punctuality

● Flight delays in India rise by 27%, affecting 2.39 mn passengers

2w sales skid 9%, lowest in over a year

DESPATCHES OF MOTORCYCLES and scooters of five of India's top six manufacturers to dealers fell 9% year-on-year during December as destocking efforts and lower retail demand took a toll on despatches.

DoT Likely to Shelve BSNL's VRS Proposal Amid Union Protests

AFTER UPROAR FROM the employees' unions, the department of telecommunications (DoT) has likely put the second voluntary retirement scheme (VRS) proposal for BSNL on hold, officials said.

upGrad bets on ‘top-up/tank-up’ strategy

EDTECH FIRM UPGRAD will focus more on high margin businesses like upskilling courses rather than formal education formats in order to drive profitability as it prepares for an initial public offering seven to nine quarters down the line, majority shareholder Ronnie Screwvala told FE.

Looking forward with hope to achieve growth at scale: Mahindra CEO

MAHINDRA GROUP is looking forward to the new year with hope and confidence, driven by its aspiration to achieve growth at scale, according to its CEO & managing director Anish Shah.

Employment up 36% between FY15, FY24

EMPLOYMENT IN THE country has increased by 36% to 643.3 million in 2023-24 from 471.5 million in 2014-15, reflecting an improvement in jobs scenario under the NDA regime,

Goyal to meet EV industry representatives

Representatives of electric vehicle manufacturers will meet commerce and industry minister Piyush Goyal on Friday to discuss issues related to the expansion of manufacturing and the adoption and building of support infrastructure, including charging and battery swapping facilities.

Panel to suggest road map for Producer Price Index

To revise WPI base year as well; Niti Aayog member Ramesh Chand will lead committee

NSO to compile district-level estimates

STARTING THIS MONTH, the statistics ministry will conduct new survey rounds which will contain district-level estimates, in addition to the existing national- and state-level data, according to an official release.

India to add 30 GW RE capacity in FY25-26

INDIA IS LIKELY to add 30 gigawatt (GW) of renewable energy capacity over FY25-26, backed by continued policy support, availability of liquidity and established growth plans of some large corporate players, reduced equipment prices, and waiver of interstate transmission system charges, analysts say.

Budget wish list: Lower tax on FD interest & fund for NBFCs

AHEAD OF THE Budget for 2025-26, representatives of the financial sector and capital markets on Thursday sought a lowering of tax on interest income from fixed deposits to align with capital gains tax on equities, a dedicated refinancing window for non-banking financial companies (NBFCs), and incentives for long-term savings.

Dec Manufacturing PMI Slips to 56.4, Weakest in 2024

EXPANSION IN MANUFACTURING activity in the country slowed in December, amid softer demand conditions and price pressures.

Agritech to create 80K jobs in 5 yrs: Teamlease

THE AGRI-TECH SECTOR is expected to create 60,000-80,000 new employment opportunities over the next five years, a senior executive of TeamLease Services said.

Regulation, deals, crypto: Fintech themes for 2025

THE CLOUDS THAT hung over the financial-technology industry in 2024 appear to be clearing as interest-rate cuts, recoveries in fintech stocks and promises of a looser regulatory environment in the second Trump administration paint a more promising outlook for startups.

Bhopal gas tragedy: 40 yrs later, toxic waste leaves Union Carbide factory

FORTY YEARS AFTER the Bhopal gas tragedy, the shifting of some 377 tonne of hazardous waste began from the defunct Union Carbide factory on Wednesday night for its disposal, an official said.

From evolution to digital revolution

THE EYE GAVE Charles Darwin \"a cold shudder\". Writing in The Origin of Species, he struggled to explain how natural selection could create something so intricate.

Data protection rules get home ministry's nod

THE RULES WILL also detail specific provisions, such as consent management for minors and exemptions for certain entities or contexts.

Dec GST mop-up at ₹1.77 lakh cr

MS MANI, PARTNER, Deloitte India said the significant increase in both domestic and export refunds indicates that the overall refund framework is now stable and its implementation on a sound footing.

Boost quality control, fix fair pricing: Shah to NCOL

Cooperation Minister Amit Shah on Wednesday directed National Cooperative Organic Ltd (NCOL) to strengthen quality control and establish fair pricing for its \"Bharat Organics\" brand as the government seeks to expand organic farming nationwide.

Large quantum computers a reality in the near future

Quantum technology is poised for a significant leap forward, with advancements promising breakthroughs across various sectors. The development of fault-tolerant quantum systems is rapidly progressing, driven by innovations in scalability, stability, and error correction.

An inspiration for India's Quantum Mission

THE SUCCESS OF Google is a shot in the arm for India's Quantum Computing Mission as this demonstrates the feasibility and great potential of quantum computing and will act a motivation to strengthen the ecosystem. India should speed up

Virtual companions, real consequences

It is imperative to set up legal frameworks and ethical guidelines that safeguard users, especially those most vulnerable, from unintended consequences of AI

AI, Convergence, and Beyond

Firms poised to scale up AI deployments into full production

Begins 2-year non-permanent UNSC tenure

Pakistan began its two-year tenure as a non-permanent member of the United Nations Security Council (UNSC) on Wednesday, with Ambassador Munir Akram saying that the Pakistani delegation will play an \"active and constructive\" role in addressing key challenges facing the world.

Mubadala pips PIF as top spender globally

ABU DHABI'S MUBADALA Investment was the world's most active sovereign wealth fund last year as it ramped up deal-making across everything from private credit to artificial intelligence (AI).

ECB Hopes to Hit 2% Inflation Target in 2025, Says Lagarde

The European Central Bank's (ECB) 2% inflation target is in sight, according to President Christine Lagarde.

Pakistan's inflation hits 81-month low of 4.1% in Dec

Path Towards Economic Recovery

US stocks fall to close out best two-year stretch since 1998

US STOCKS DECLINED in the final session of the year but still closed out the best two-year run since 1998.