CATEGORIES

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

Ramaswamy's pointers can reset conservatism

The White House hopeful has a 10-point list of truths' that could help US Republicans pivot to post-identity politics. Ideology can evolve. This truth shouldn't be lost on the Indian Right

How do I report LIC payouts in my ITR?

I purchased LIC’s Bima Bachat Plan 175 on 9 December 2013 after paying a single premium of ₹100,155. The term of the plan was nine years and the sum assured ₹1.5 lakh. As payouts, I got ₹22,500 in 2016 and ₹22,500 in 2019.

INDUSTRIAL POLICIES HAVE RETURNED. WHAT'S NEW?

After a reset triggered as part of the post-1991 liberalization process was completed, announcements on trade measures by the Indian government became boring, barely making the headlines. In the early-1990s, India’s peak tariff rate was in triple digits and dominated discussion on economic reform. By 2007-08, that peak rate had fallen to around 10%. Any further changes to trade policy, it was assumed, would just be minor tweaks and not worthy of headlines.

Russia says DNA tests confirm Prigozhin died in plane crash

Russian investigators said on Sunday that genetic A tests had confirmed that Yevgeny Prigozhin, chief of the Wagner mercenary group, was among the 10 people killed in a plane crash last week.

Fed's inflation lead investors fight, slowing China to dump EM assets

Once optimistic, now disappointed investors are dumping Asian, African, Latin American assets

Indian tourists to Aus past pre-covid level

Within a year of Australia fully reopening its borders, India has become the first country to breach the precovid tourist arrival numbers. Between July 2022 and June 2023, 383,000 tourists from India visited Australia, up 3% from the 2018-19 figures, a senior Tourism Australia official said.

OTTs vow self-regulation as scrutiny rises

Video-streaming platforms have reached out to the government reiterating their commitment to both responsible content creation and self-regulation amid increasing scrutiny by authorities, said industry insiders.

Quadria Capital to complete returning Fund 1 by year end

Quadria Capital, a healthcare-focused investor, has started distributing the gains from its 10-year-old first fund, along with the principal, to its limited partners or investors. The process is anticipated to conclude by 2023-end.

'Courts and law enforcement need to build Al capabilities'

Brad Smith, Microsoft’s vice-chairman and president, highlighted the crucial role artificial intelligence (AI) is set to play in our lives at work and beyond, at the B20 India Summit.

Lack of quorum at CCI may not stall mergers

A similar situation last year had held up several deals for nearly 6 months.

Upstox mulls entry into lending, insurance to boost growth

Online stock broking unicorn Upstox, which is backed by institutional investors like Kalaari Capital, Tiger Global and IntraEdge, is looking to diversify into newer avenues, as the recent bull run has cooled, and small-ticket public equity investors are taking a breather.

Mixi backs India as emerging mkts outpace Japan's growth

Japan-based mobile entertainment major Mixi set up an India-focused corporate venture capital arm earlier this month, its first such fund outside the home market.

FPIs invest ₹10,689 cr in August

After infusing a staggering amount in Indian equities in the past three months, the pace of inflow from foreign investors ebbed in August with a net investment of ₹10,689 crore on higher crude oil prices and resurfacing of inflation risks.

India may junk 2016 model for bilateral investment treaties with UK, EU

India may no longer stick to the template for bilateral investment treaties (BIT) that it adopted after terminating most of these treaties in 2016, a senior official aware of the development said.

Basmati put under minimum export price

The government set a minimum export price (MEP) of $1,200 a tonne on basmati rice shipments in a move aimed at reining in domestic prices ahead of elections in key states. The move came a day after it imposed a 20% duty on non-basmati parboiled rice exports, effective immediately.