CATEGORIES

Building narrow Al models for specific uses: HCLTech

HCL Technologies is seeing a steady rise in enterprise demand for generative AI (artificial intelligence), as well as cloud deployment and expansion of 5G.

Single-screen cinemas look at long-term survival amid windfall of hits

Single-screen theatres in India are heaving a sigh of relief with a recent stream of mass market movies keeping the tills ringing. But they are still looking to expand into multiplexes well aware that such strokes of luck don’t last.

SpiceJet clears 100 crore dues to ex-promoter Kalanithi Maran

SpiceJet Ltd on Tuesday said it paid ₹100 crore to Sun Group chairman and former promoter of the airline Kalanithi Maran, according to the direction of the Delhi high court on the arbitral award.

Kapoor to pay 50 lakh in 6 weeks: SAT

In an interim order on Tuesday, the Securities Appellate Tribunal (SAT) has directed Rana Kapoor, former Yes Bank managing director, to deposit ₹50 lakh within six weeks in a case involving alleged mis-selling of additional tier-1 (AT-1) bonds.

Vedanta should buy parent's African copper biz: Agarwal

Anil Agarwal, the mining tycoon, has suggested that his publicly traded company Vedanta Ltd acquire Konkola Copper Mines from parent Vedanta Resources Ltd, which has regained control of one of the world’s largest copper mines from the Zambian government.

Banks look for CXOS on contract to slash costs

Leading Indian banks are increasingly hiring contract staff, including C-suite executives and have reached out to headhunting firms in their efforts to lower employee cost, said three people in the know.

Small borrowers stay clear of sanctioned loans as rates rise

Small borrowers or those with loans of up to *2 lakh have started to utilize less S of their sanctioned credit limits after December as interest rates rose, indicating a reluctance to take on additional debt.

Mid-, small-cap cos drop in flat market

A sharp selloff in the midcap and small-cap space caught investors off guard on Tuesday.

Bleak view for market after scaling Peak 20K

The findings on inflation are discouraging, too. According to the survey report, inflation expectations have jumped to the highest since May 2022.

Vertex Ventures marks final close of fifth fund at 541 mn

Corpus of fifth fund is 80% more than its previous fund raised in 2019 with 305 million

WTO flags rising trade barriers, says time to re-globalize

The World Trade Organization (WTO) on Tuesday flagged growing fragmentation in international trade with an overninefold increase in the number of trade concerns raised in just the last six years.

Removal of additional duty on US walnut, apples opens a rift

The removal of additional duties on imports of American apples, walnuts and almonds will have no effect on growers in Jammu and Kashmir, the Centre said on Tuesday, a day after former chief minister Mehbooba Mufti expressed concern.

Cabinet to consider sops to gasify coal

The union cabinet will soon consider the ₹6,000-crore incentive scheme for coal gasification projects. The cabinet note has been finalized and moved for approval, said two people in the know of the development.

‘Biofuels alliance could help 700K farmers, clean the air’

The recently launched Global Biofuels Alliance will work on the definition and specification of biofuels, and also increase international cooperation through a virtual marketplace, said Union petroleum & natural gas minister Hardeep Singh Puri.

Mining, electricity drive IIP growth to five-month high

India’s factory output rose to a five-month high of 5.7% in July, up from 3.7% in June, driven by strong growth in mining and power, official data released on Tuesday showed.

Samsung weighs setting up 5G gear production hub in India

Samsung Electronics Co. Ltd is evaluating making India a hub for making 5G equipment as it weighs alternatives to China for expanding production, three people aware of the development said. The South Korean conglomerate is considering India alongside Vietnam for its plans.

Retail inflation slows to 6.83% as vegetable prices decline

Retail inflation moderated to 6.83% in August from a 15-month high of 7.44% in July due to easing vegetable prices, offering a measure of relief to the Indian central bank and bond investors.

Gadkari's diesel dare spooks auto stocks

“Pollution is a serious problem... I have been preparing a letter for the last 8-10 days to discuss with the finance minister.

Byju's To Sell Epic, Great Learning To Repay $1.2 Bn Loan

Byju’s has put up kids’ reading platform Epic and higher education platform Great Learning for sale, three people aware of the development said, as the edtech giant tries to raise money and pay off a $1.2 billion loan it raised in November 2021.

How Can I Increase My Health Cover?

I have held a health insurance policy worth ₹5 lakh for the past decade. However, I now believe that this coverage is inadequate, and I wish to enhance it to ₹50 lakh.

Meta Is Developing A New, More Powerful Al System

Facebook, Instagram parent wants system to be as capable as OpenAI's most advanced model

The mental impact of technology on boomers

Rapidly advancing technologies can have a psychological impact on the elderly that leaves them feeling isolated and redundant

A thick alphabet soup of global entities has been getting thicker

The proliferation of groups is an inevitable consequence of the world headed for multi-polarity as multilateralism weakens

Nuclear energy is clean but too risky to rely on

India and France have plans for this option. Nuclear power does offer us a tempting path to carbon neutrality free of fossil fuels, but we can't ignore meltdown and waste disposal risks

Should you report foreign stocks in ITR as per calendar year?

Foreign investments are required to be disclosed in schedule foreign assets (FA) as per calendar year, unlike all other disclosures that are done as per the financial year. This would mean that for the assessment year 2023, taxpayers should have declared foreign investments done between 1 January 2022 and 31 December 2022 in their income tax return (ITR).

BATTERIES INCLUDED: AMARA RAJA'S GAME PLAN

The company wants to become India's biggest lithium-ion battery maker. But does it have what it takes?

SpiceJet pays Kalanithi Maran ₹62.5 cr

SpiceJet paid ₹62.5 crore to Kalanithi Maran on Monday, and is planning to clear the remaining ₹37.5 crore within a day, to comply with a 24 August Delhi high court order in connection with the arbitral award.

Scoot eyes non-metro cities for India growth

The budget venture of Singapore Airlines is betting on exotic travel trend

'Will focus on portfolio of business hotels in tier-I locations'

Samhi Hotels Ltd, which plans to raise ₹1,370 crore by selling shares, will continue to expand its portfolio of business hotels in India’s top cities, Ashish Jakhanwala, the chairman, managing director and chief executive, said.

Hyatt eyes 50 hotels by year end, 100 in next five years

It plans to add 10 properties to achieve the target of 10,000 rooms in India by 2023 end