CATEGORIES

LPG price cut by ₹200 per cylinder in inflation fight

In a relief to consumers, the Union government on Tuesday cut the price of a 14.2-kilogramme (kg) cooking gas cylinder by ₹200, terming it a gift for women ahead of the Raksha Bandhan this week.

'Need coordinated data regulation in a connected world'

Mastercard Inc.’s dominance in the payment process makes the company, along with Visa Inc., no less than what Google Llc is to search. But a more important fact—and less discussed detail —is the company’s impressive profitability: Mastercard ended with a 58.3% operating margin on $6.3 billion in revenue in the second quarter. In an interview, Michael Miebach, the chief executive who succeeded Ajay Banga in 2021, discussed Mastercard’s Indian strategy. Edited excerpts:

BRICS showed it's little more than a meaningless acronym

Its expansion can't hide how hollow this grouping has turned out

Urban millennials in India have had much to reveal in five years

It's a generation with an ironic mix of sticky biases and rebellious instincts that took in-depth surveys to understand better

Don't get into a cat and mouse chase over rice

India's rice export restrictions led to a price barrier to prevent circumvention. Imports by the state may be costly, but are a better way to tide over shortfalls that can stoke inflation

How is the sale of gifted property taxed?

My father gifted me a house worth ₹54.5 lakh in June 2017.

THE WORLD CONTEMPLATES TRUMP'S SECOND COMING

The possibility that former US president will win next year's election has capitals across the globe on edge

US and China agree to talk on export controls

The two will set up a group to discuss other commercial issues as well

Historic change in rural India, says Shekhawat

'Rise in rural sanitation access to 100% is world's largest behavioural change'

Shortage of local solar modules remains a cause for concern

Even as India has witnessed rapid growth in installation of renewable energy capacity in the past few years, a shortage of solar modules continues to cast a cloud over the sectors’ growth prospects, said stakeholders at the Mint Sustainability Summit 2023.

Govt maps sustainable route to highway building: Gadkari

India trying to protect ecology during road construction, besides promoting green mobility

Disney Star ad revenues from Asia Cup may touch ₹400 cr

Disney Star, the Indian arm of Walt Disney Co., is set to generate ₹350- ₹400 crore in advertising revenues from the Asia Cup. It has signed agreements with 17 sponsors and 100-plus advertisers for the upcoming cricket tournament, across both TV (Star Sports Network) and digital (Disney+Hotstar).

Annual in-app gaming purchases hit $250 mn

Amount more than combined revenues from OTT subscriptions in India

RIL seeks int'l suitors for wind power foray

Top equipment makers in Reliance's sights; turbines may use carbon fibre

Sebi rejigs norms for bourses

Capital markets regulator Sebi has tweaked its framework regarding 'fit and proper' criteria for stock exchanges and other market infrastructure institutions, whereby any direction passed against such institutions will not affect their operations.

NCLAT lets JKC pay Jet dues by 30 Sep

The National Company Appellate Tribunal (NCLAT) extended a crucial lifeline to the grounded airline Jet Airways on Monday, offering much-needed relief for its revival prospects. The airline’s successful bidder Jalan Kalrock Capital Consortium (JKC) received an extension till 30 September to settle dues totaling ₹350 crore owed to lenders of the airline.

OpenAI unveils ChatGPT for businesses in revenue drive

OpenAI launched a corporate version of ChatGPT with added features and privacy safeguards, the startup's most significant effort yet to attract a broad mix of business customers and boost revenue from its best-known product.

SoftBank plans Silicon Valley Al tour for Indian startup founders

SoftBank Group Corp will take a group of its Indian startup founders to Silicon Valley next month for an artificial intelligence tour as the Japanese investor steps up efforts to infuse its portfolio companies with the technology.

'Need assurance on quality of generic medicines; we have alerted govt'

Indian Medical Association (IMA) president Dr Sharad Agarwal has raised concerns over the quality of generic medicine made in India. In an interview, he also raised concerns on restrictions placed on doctors attending medical conferences, saying educational conferences are only a discussion forum about advancements in medicine.

Isro turns its gaze to the sun: 2 Sep, 10 minutes to noon

After making a successful moon landing last week, the Indian Space Research Organization (Isro) on Monday said the launch of its mission to study the sun, called Aditya-Ll, is set for 2 September.

Laptop, tablet makers flock to PLI version 2.0

58 registrations received so far; govt will not extend month-end deadline

Ikea to start selling online in NCR by December 2024

Swedish furniture retailer Ikea is set to commence e-commerce operations in the national capital region (NCR) ahead of opening two large shopping centres over the next two years.

When Christian Louboutin cited ChatGPT in a Delhi court

ChatGPT has made waves across the world since entering the public discourse last year; but for the hard-nosed judges combing through law and jurisprudence, the large language model is not grown up enough. Not just yet.

'El Nino hit Aug rains, will remain strong till Dec'

The El Nino phenomenon that developed in July has remained weak, but has affected rainfall in August due to changes in atmospheric conditions, India Meteorological Department (IMD) director-general Mrutyunjay Mohapatra said, adding it will turn moderate in September and remain strong till December.

Jio Fin to enter insurance, plans global tie-ups

Jio Financial Services Ltd (JFSL) is set to launch a slew of insurance products, possibly in partnership with global companies, Reliance Industries Ltd (RIL) chairman and managing director Mukesh Ambani said on Monday.

ONGC in talks with Gentari for joint venture in energy storage

Oil and Natural Gas Corp. (ONGC) Ltd is in talks with global entities including Malaysia’s Gentari to form a joint venture in energy storage, chairman and chief executive Arun Kumar Singh said, as the energy giant makes strides in its energy-transition journey.

Ambani scions join RIL board; Mukesh to mentor for 5 years

Isha, Akash and Anant fully immersed in every business; they have earned their stripes, says Ambani

How to navigate the online world to unlock opportunity

Start off by connecting with a trusted community, and then with peers, mentors and industry experts

Why flexible work modes suit disabled employees

A flexible model of work could lead to greater inclusion since physical infrastructure rarely supports the needs of the disabled

India's G20 playbook offers the world pathways for a recovery

Innovative financing options should be adopted for the global economy to recover evenly and all sustainability goals to be met