CATEGORIES

Toxic loans hit 10-yr low; RBI sees even better days ahead

Expects NPAs in the banking system to decline further from 3.9% to 3.6% by March 2024

TaMo eyes strategic tech, chip alliances to drive JLR, PV biz

The move follows JLR's decision to lay the roadmap for an electric future.

Vedanta deepens tech push with $4 bn India display factory

The newly appointed chief executive officer of Vedanta Resources Ltd.'s untried display business is seeking to hire global talent to build and run a $4 billion factory in western India.

'Merged HDFC may soak deposits, loans'

The combined HDFC entity could gobble up deposits and mortgages.

P&G India to invest ₹2K crore to build export-focused unit in Guj

P&G India is planning the plant at Sanand in Gujarat.

Turmoil at Byju's highlights hurdles for India startup scene

Even as India is being hailed as the next global growth story, a crucial building block for that success — its startup ecosystem — is getting pummeled.

RTP Global launches $1 bn fourth fund

RTP Global, an early-stage venture capital firm which has backed Indian startups such as Cred, Rebel Foods, DeHaat, Delivery Hero, Practo and Mobile Premier League, has floated its fourth fund with a target corpus of $1 billion (₹8,205 crore).

Epiq Capital closes 2nd fund at $225 mn; to invest in 10 cos

Growth-stage tech investment firm Epiq Capital, which has backed companies like Lenskart, Curefit, Dailyhunt, Builder.ai, PristynCare, and Park+, has made the final close of its second fund at $225 million (₹1,846 crore).

'Google is studying Al bias in Indian context'

Google hosted on Wednesday a developer event in Bengaluru, opening access to its Pathways Language Model (PaLM) large language model (LLM) to Indian developers.

Panel finds 30 minerals critical to India

An expert committee set up by the Centre has identified 30 minerals as critical to India, including lithium and vanadium which are largely used in the manufacturing of batteries.

Govt review of PLI takes stock of slower pace in 6 sectors

Government officials and business executives on Tuesday reviewed the flagship Production Linked Incentive (PLI) schemes, discussing the future roadmap.

India attends int'l Ukraine donor conference, quietly

India has remained neutral over the Ukraine war; conference condemned Russia for war

States can borrow more for reforms in power sector

The finance ministry on Wednesday said it has earmarked ₹1.43 trillion to states for additional borrowings in FY24 to undertake power sector reforms.

Companies race to build a more efficient air conditioner

Air conditioners make people cooler and the world hotter. A slew of startups are launching new products to break that cycle.

Religare may sell 6-7% of its health insurance business

Religare Enterprises Ltd is in early talks with private equity (PE) investors to sell 6-7% in its subsidiary Care Health Insurance Ltd to raise as much as ₹1,200 crore, three people close to the matter said.

Govt defers tax hike on foreign remittances, spares credit cards

The central government on Wednesday deferred its budget announcement of raising tax collected at source (TCS) rate on overseas remittances and rolled back the move to include credit card spending while abroad within the scope of this mode of tax collection.

Govt okays 3.7 tn for fertilizer plans, raises cane prices

The Cabinet Committee on Economic Affairs (CCEA) approved multiple fertilizer schemes with a total allocation of ₹3.7 trillion on Wednesday to boost farm output, ensure food security, and promote environmental sustainability.

Markets hit record highs; Adani stocks lead rally

Equity benchmarks hit new highs on Wednesday, as robust foreign fund inflows and the advance of the southwest monsoon boosted investor sentiment.

Jain's GQG boosts Adani investments

Rajiv Jain’s GQG Partners Llc acquired an additional $1 billion worth of shares in Adani group companies from the promoter group, boosting the US-based fund’s total investment in the Indian conglomerate to $3.4 billion.

Sebi shortens IPO listing timelines

Market regulator okays additional disclosures for foreign funds

THE NIGHT THE NICKEL MARKET BROKE

How the LME sleepwalked into a crisis, unaware of a massive short squeeze centered around metals giant Tsingshan

The irresistible success of footballer Jyoti Chouhan

Chouhan has become a trendsetter by becoming the first Indian footballer who is an indispensable part of an European club

The Ashes: A compelling clash of Test cricket styles

The more traditional Australian tortoise won the first round in the Ashes, but can the English hare stage a comeback?

GREAT STRIDES MADE IN INSURANCE, BUT THERE IS STILL A LONG WAY TO GO

Two decades ago when I joined the insurance industry, it had just about been privatized. \"But will they pay a claim?\" everyone asked me about the sector.

Big tech companies want AI regulation-but on their own terms

OpenAI chief executive officer Sam Altman surprised everyone last month when he warned Congress of the dangers posed by artificial intelligence.

Being Happy With Your Paycheck Isn't Just About How Big It Is

The key to pay satisfaction is a bigger salary, right? Not exactly.

'Win for military; Russia dodged a civil war'

President Vladimir Putin aimed to rally Russia's military and security services on Tuesday, telling them they halted a slide into civil war when Wagner mercenaries rebelled and marched on Moscow.

Economic barriers are driving world to confrontation: China

Bid to politicize economies will fragment the world, need to keep supply chains stable, says Chinese premier

Coursera spices up courses with gen AI

A merican edtech firm Coursera is intensifying its efforts to cater to the growing demand for artificial intelligence (AI) and generative Al courses in local languages, and aims to offer more personalized and interactive online courses by leveraging these tools, for global as well as Indian subscribers, said a senior company executive.

Tech majors fall in line after CCI cracks whip

Companies are being careful with aspects like self-referencing, search bias