CATEGORIES

Cloud, GCCs key digital economy drivers: MeitY report

THE CLOUD MARKET and global capability centres (GCCs) are among the fast-growing segments of India's digital economy which is expected to drive a fifth of national GDP by 2030, a report by MeitY has said.

OpenAI to Indian court: Can't delete ChatGPT training data

'BREACH OF US LEGAL OBLIGATIONS'

Indus Towers to foray into EV charging infrastructure

Indus Towers has launched pilot electric-vehicle charging stations at two locations, it said on Thursday, amid the country's growing push to adopt the environmentally cleaner models.

Luxury car sales facing China hurdle: Tatas

JAGUAR LAND ROVER's owner, Tata Motors, said profitability is being hurt by economic challenges in China, a market where weak demand and consumer preference for electric vehicles is curbing sales of traditional top-end cars.

CCPA Notices to Ola, Uber Over Price Disparity Complaints

The Consumer Protection Authority (CCPA) has issued notices to tech giant Apple and cab aggregators Ola and Uber following consumer complaints about software performance and pricing disparities, Consumer Affairs Minister Pralhad Joshi said on Thursday.

Setting a cat among the pigeons

THE WORLD SHOULD EXPLORE NIMBLE, COST-EFFECTIVE OPTIONS TO THE STARGATE APPROACH

Package likely to ramp up pulses & oilseeds output

Govt keen to rein in imports of these items by boosting domestic production

In the grey zone

Meta's fact-check roll-back can upend contextual ads

This Chinese AI startup is taking on Silicon Valley giants

THE DAY AFTER Christmas, a small Chinese start-up called DeepSeek unveiled a new AI system that could match the capabilities of cutting-edge chatbots from companies like OpenAI and Google.

Bidhuri, Atishi Approach EC With Allegations

BJP's KALKAJI CANDIDATE Ramesh Bidhuri and his AAP opponent from the constituency Atishi on Thursday lodged complaints against each other with the Election Commission.

On new Isro chief's table: 100th launch

AFTER THE HISTORIC space docking experiment, the Indian Space Research Organisation (Isro) is getting ready for another milestone, its 100th launch, that is set to happen at the end of the month.

Emilia Perez Leads Oscars Race With 13 Nominations

NETFLIX'S SPANISH-LANGUAGE musical Emilia Perez topped the list of movies nominated on Thursday for Academy Awards, followed by The Brutalist and Wicked.

HUL to give beauty business a glow-up with new strategy

THE COUNTRY'S LARGEST consumer goods company, Hindustan Unilever (HUL), has put in place a four-pronged strategy to grow its beauty and wellbeing business, created in April last year.

Call grows for action on AI, reforms

GROWING GEO-ECONOMIC FRAGMENTATION can decrease global GDP by up to $5.7 trillion, giving it a bigger blow than the financial crisis of 2008 or the Covid pandemic, the Navigating Global Financial System Fragmentation report showed on Thursday.

NCLAT Stays CCI's 5-Year Antitrust Ban

Directs Meta to deposit 50% of ₹213-cr penalty

New probe ordered into Foxconn hiring

THE COUNTRY'S POWERFUL human rights watchdog has admonished labour officials for failure to adequately investigate evidence of employment discrimination at Foxconn, which makes Apple iPhones, and told them to re-examine the matter, documents show.

Infra.Market Raises $126 Million

CONSTRUCTION MATERIALS SOLUTIONS firm Infra.Market has successfully raised approximately $120 million (₹1,050 crore) in its pre-IPO funding round, according to sources aware of the matter.

Gaza ceasefire puts Netanyahu in tough spot

EVEN BEFORE IT WAS signed, the Gaza ceasefire forced Israeli Prime Minister Benjamin Netanyahu into a tight spot - between a new US president promising peace and far-right allies who want war to resume.

Real Madrid Is First Club To Top $1-Bn Revenue

REAL MADRID BECAME the first soccer team to register one billion euros ($1.04 billion) in revenue in a single season in 2023-24, with the Spanish side topping the Deloitte Football Money League as the world's highest revenue-generating club once again.

Economic Fragmentation: Global GDP Could Drop by Up to $5.7 Trillion

GROWING GEO-ECONOMIC FRAGMENTATION can decrease global GDP by up to $5.7 trillion, giving it a bigger blow than the financial crisis of 2008 or the Covid pandemic, the Navigating Global Financial System Fragmentation report showed on Thursday.

Time for India to break out of AI slumber

The US-led restrictions on AI technology access should serve India a wake-up call to prioritize the technology as a national security imperative

Rising competition from global banks may lower pricing on loans: Barclays

A RENEWED PUSH by Japan's major banks and other global lenders in India is driving down loan prices with the new players having more appetite for riskier credit, according to the country head for Barclays Plc.

Ujjivan SFB Q3 profit slumps 64% to ₹109 cr

UJJIVAN SMALL FINANCE Bank on Thursday reported a 64% decline in its net profit to ₹109 crore for the third quarter amid a spike in bad loan provisions and higher interest expenses.

Special fund for MFIs...

The combined loan outstanding of the MFIs stood at around ₹1.7 lakh crore as on March 31, 2024. And 60% of this amount has been lent by large MFIs

Kotak Bank Acquires StanChart's ₹3,330-cr Personal Loan Portfolio

KOTAK MAHINDRA BANK on Thursday said it has completed the acquisition of the ₹3,300-crore personal loan book of Standard Chartered Bank India following regulatory approvals.

Rupee falls 13 paise tracking Asian peers, dollar demand

THE RUPEE ENDED 13 paise down against the dollar to 86.46 on Thursday due to a decline in the most regional currencies and demand for dollars from foreign banks, said forex traders.

IT counters lead gains in indices

The equity indices closed higher on Thursday, led by IT stocks on optimism over the rise in artificial intelligence (AI) spending in the US, while worries over earnings moderation and US tariffs capped gains.

HDFC Bank expects improved CASA ratio with easing in rates

HDFC BANK EXPECTS its current account savings account (CASA) ratio to improve as interest rates are likely to soften, Sashidhar Jagdishan, managing director and CEO, said in an analyst call on Thursday.

80% firms struggle to find talent: Survey

Shortage Across Industries

Small tea growers for curbs on substandard imports

SMALLTEA GROWERS (STGs) have urged the Union commerce ministry to take steps to curb import of substandard crop from countries like Kenya and Nepal and protect the domestic industry.