CATEGORIES

Indians acquire 100 patents for 6G technology, says Vaishnaw

Indian scientists, engineers and academicians have acquired 100 patents for 6G technology, IT and telecom minister Ashwini Vaishnaw said on Thursday.

Europe's central bank backs big rate hike despite bank chaos

The European Central Bank has carried through with a large. interest rate increase Thursday, brushing aside predictions it might dial back as US bank collapses and troubles at Credit Suisse fed fears about the impact of higher rates on the global banking system.

Russia to ease curbs on dividend payments to foreign companies

Russian President Vladimir Putin on Thursday said he would consider a \"more flexible\" approach to restrictions on shareholders and parent companies in \"unfriendly\" countries receiving dividends from Russian firms.

What's wrong with the banks

Only ten days ago you might have thought that the banks had been fixed after the nightmare of the financial crisis in 2007-09. Now it is clear that they still have the power to cause a heart-stopping scare. A ferocious run at Silicon Valley Bank on March 9th saw $42bn in deposits flee in a day. SVB was just one of three American lenders to collapse in the space of a week. Regulators worked frantically over the weekend to devise a rescue. Even so, customers are asking once again if their money is safe.

DLF set for record home sales of ₹15k cr in FY23

Real estate developer had guided for full-year sales of ₹8,000 crore

Petronas offers ₹3,800 cr for NGEL stake

Malaysia's Petronas has offered 38 billion rupees ($460 million) to buy a 20% stake in the green energy arm of India's largest power producer, NTPC, in the first deal of its kind by a state-run firm, three sources told Reuters.The offer price was higher than the 30 billion rupees NTPC had been expecting when it asked for expressions of interest in NTPC Green Energy (NGEL) last year and was 78% above the second-highest bidder. It values the NGEL at $2.3 billion.

Xiaomi's slow shift helps Samsung in India

Xiaomi Corp is overhauling its India strategy after misjudging consumer tastes in mobile phones, a costly lapse that has allowed Samsung Electronics to pip the Chinese company to the top spot in the world's second biggest market for the devices.

Adani group says Vinod part of promoter group

Earlier Adani group said Vinod had no managerial position in its listed cos

Investcorp eyes warehouses

Investcorp Holdings BSC, the Middle East's biggest alternative asset manager, is doubling down on warehouse investments in India, betting that the nation's manufacturing ambitions and e-commerce boom will fuel huge demand for logistics.

FPO to up public stake next month: Patanjali Foods

With stock exchanges freezing shares of its promoters, Patanjali Foods on Thursday said the move will not impact the company's operation and it will start the process of launching a follow-on public offering (FPO) in April to increase the public shareholding to 25%.

Baidu's demonstration of its Al chatbot Ernie bot disappoints

Baidu Inc. debuted. China's answer to ChatGPT via a recorded video, disappointing investors hoping for a real-time demo of the country's highest-profile entry in a race to dominate transformative technology.

Microsoft to bring OpenAI's chatbot tech to its Office suit

Microsoft is already testing it with 20 companies, including eight in the Fortune 500 list

ED searches Franklin Templeton's Vivek Kudva, Roopa Kudva, others

India's federal financial crime agency on Thursday conducted searches on Franklin Templeton India's former and current officers in Mumbai in relation to the closure of some funds in 2020, two sources said on Thursday.

Airlines, hotels hook outbound Indians

Airline and hotel companies are tempting Indians to travel and stay abroad with discounts and buy-one-get-one-free deals at a time outbound travel from China has ebbed.

'$200 mn from SVB moved to GIFT City'

About $200 million of the $1 billion funds held by Indian startups in Silicon Valley Bank (SVB) were transferred to GIFT City, a global financial centre located in Gujarat, after the US lender collapsed, Rajeev Chandrasekhar, minister of state for electronics and information technology, said in an interview.

'XBB.1.16 behind fresh covid spike'

The spike in covid cases in India can be attributed to the emergence of the new XBB.1.16 variant, said Rajesh Gokhale, secretary of the department of biotechnology and chief of India’s SARS-CoV-2 Genomics Consortium.

Credit Suisse surges after Swiss central bank loan

Credit Suisse Group AG shares surged the most on record after the lender tapped the Swiss National Bank for as much as 50 billion francs ($54 billion) and offered to repurchase debt, seeking to stem a crisis of confidence that has sent shockwaves across the global financial system.

Centre may defer IDBI Bank's $4 bn privatization plan

The Union government may defer the $4 billion IDBI Bank privatization plan over concerns that the unprecedented market volatility may deter prospective buyers, two people familiar with the matter said.

Gopinathan signs out of TCS, Krithi to take over

Move effective 15 Sep makes incumbent's tenure the shortest at firm

Are Those Discounts Offered By Health Insurers For Real?

Buyers need to focus on the salient features of a health policy rather than the discounts

Is It A Good Idea To Buy Your Dream Home Early In Life?

A dream home. That is what most working A people aspire for these days, unless they already own one. But when should you buy a house? Should that be early in your career or later when you have a family and good control over your finances?

Will GPT-4 Make Machines Think Like Humans?

OpenAI has released the generative pre-trained transformer (GPT-4), its much-anticipated large language model-that can learn and comprehend. Some have suggested that GPT-4 will make machines sentient, or think like a human. Is that so? Mint explains.

Cookbooks by women as a prism into the past

These recipe books by women feature dishes from undivided India, act as guides for new brides and more

Mohammed Ashi, Saudi designer to stars

Ashi's outfits show up on red carpets from the Oscars to Cannes

The Gaur collection highlights paper works

A new book featuring works from the Umesh and Sunanda Gaur collection highlights paper's central role in artistic practice

Smart shopping carts can even suggest new recipes for dinner

But it's unclear if this is yet another example of useless innovation

Let's not draw the wrong lessons from Singapore's grand success

Its attribution to authoritarian development would mistake correlation for causation but rule-of-law might be a major factor

India's inequity boom is staring undeniably at us

Indian income tax data leaves no space for doubt that the better-off got richer while the rest had a hardscrabble pandemic. This may be more than a blip. Let's face the problem squarely

HOW OLA WILFULLY ENDANGERED RIDERS

The electric scooter maker has to find a permanent solution to the SI model’s critical safety issues.

China reports economic rebound

Retail sales rose 3.5% in Jan and Feb compared to the same period last year, while industrial output rose 2.4%