CATEGORIES

Now, wind power braces for El Nino

The effects of El Nino, which occurs due to the warming of the Pacific Ocean waters, on wind power generation in India could lead to lower output amid soaring summer temperatures, driving up electricity demand

'Opportunity enormous, journey extraordinary'

India has the potential to be among Apple's top markets, chief executive Cook says

IT firms plan generative AI investments

Tata Consultancy Services (TCS), the country’s top IT exporter, said at its FY23 earnings press conference that it has seen a steep rise in interest among clients in generative AI.

Jaishankar calls for early fix to India-Russia trade imbalance

Jaishankar also pointed to food and agricultural exports as a promising area but acknowledged the existence of non-tariff barriers that have stymied trade in these commodities for close to a decade.

'Tariffs set by India for conductors inconsistent with GATT'

India argued that providing duty-free treatment to all static converters for telecom apparatus except those used in cellular mobile phones does not breach its commitments under the ITA.

Members keen to revitalize India-Brazil-SA forum

The IBSA forum, which was established in the early 2000s as a means to strengthen cooperation among three key emerging economies, is seen to have become dormant in recent years.

Apple says 'Hello Mumbai' with its flagship BKC store today

Apple today pulled back the covers on its first store in India, Apple BKC, at the Bandra Kurla Complex in Mumbai, in a special media preview ahead of its official launch for customers on 18 April.

TDS revenue rises in a sign compliance strategy works

The share of TDS in gross direct tax receipts has risen from 32% in FY15 to nearly 39% in FY22, data from the department showed.

GMR-ADP partnership to lure global brands to Indian airports

GMR Airports will be merged with group holding company GMR Airports Infrastructure by March 2024

'The great return' is on as the allure of startups fades

Executives who quit their stable jobs for the allure of startup life, with lucrative stock options and impressive job titles, are flocking back to their former employers, accepting similar or even reduced salaries, as they choose job security over the tantalizing prospects of the fledgeling startups

Adani repays $3 bn in pledges, bonds

The Adani group paid back at least $3 billion in the March quarter, lowering promoter-group pledges and settling bonds with three domestic mutual funds to allay the concerns of investors and creditors, two people with direct knowledge of the matter said.

India to boost coal power production

14.56GW of coal-fuelled power may come on stream this year

G20 May Agree On Defining Startups

A consensus on startup definition may end taxation challenges

G20 Experts On World Bank Reform Kick Off US Meetings

The expert group has become vital amid ongoing discussions on reforming institutions

Inflation Data, Global Trends To Guide Equity Markets This Week

WPI inflation data for W March, quarterly earnings, global trends and foreign fund trading activity are major factors that will drive equity markets this week, analysts said.

'People In India, US Have Stronger Ties'

There is no stronger people-to-people ties between any country than what the US enjoys with India, a top White House official has said and observed that in many areas, governments need to get out of the way and let people from the two democracies work together.

'More access to milk, dairy products must'

Greater access to milk and dairy products is crucial to improving nutrition, particularly among children and women, as demand for these items is strongly influenced by income fluctuations, according to NITI Aayog member Ramesh Chand.

Reforming multilateral lenders is an uphill task

The Singh-Summers panel looking to reform the IMF and World Bank must contend with muscular Chinese tactics and the pathologies of US politics, apart from the usual inertia

'Many innovations were born at Samsung's India R&D unit'

Samsung Semiconductor India Research (SSIR) has been instrumental in driving the global innovations of its parent Samsung Electronics, with products like the groundbreaking Exynos chip, the world’s first 108-megapixel camera, and a host of advanced phone sensors.

'RBI's bank IT norms to aid governance'

Reserve Bank's regulation on outsourcing of IT serA vices by banking sector entities is aimed at improving corporate governance and will protect the interest of consumers, said industry experts.

HDFC Bank's costs soar on new branches

HDFC Bank witnessed a steep rise in operating cost in the fourth quarter owing to branch expansion and a rise in employee benefit expenses.

Euro stocks may see some more upside

It's getting harder to argue the bull case for Europe Inc., yet that's just what stalwarts at some of the world's largest banks are doing.

All cloud, no silver lining for Infosys

There are no silver linings in Infosys Ltd's results for the March quarter. Constant currency (CC) revenue fell by 3.2% sequentially, against the widely-held expectation of a marginal growth. For perspective, Tata Consultancy Services Ltd (TCS) had seen 0.6% CC sequential revenue growth.

'India PC shipments set to drop for 2nd consecutive year'

India's PC market appears to be nearing the end of its covid-induced runaway growth with analysts predicting a second consecutive year of decline this year.

Microsoft's bid to buy video games giant faces triple anti-trust threat

Depending on which side you're on, tech giant Microsoft is either the hero fighting to bring some of the most popular video games to more people, or the villain on the brink of killing competition in the sector.

CHALLENGES AND POSSIBILITIES FOR OPPOSITION UNITY

Nitish Kumar travelled to Delhi last week to pitch for Opposition unity, and he returned to Patna with some early success. Rahul Gandhi tweeted after the meeting, \"Saath khade hai, saath ladenge, bharat ke liye.\" (We stand together, we will fight together, for India). In a similar tone, Delhi chief minister Arvind Kejriwal said, \"Nitish Kumar's initiative has our support.\" Sharad Pawar, too, echoed Rahul.

Fuel that powers the global economy flashes recession signs

In China, the number of trucks running on highways is noticeably down in recent weeks. In Europe, diesel’s premium to crude futures recently plunged to the lowest level in more than a year. In the US, demand is on track to contract 2% in 2023, S&P Global Inc. says. Excluding 2020, when much of the economy briefly came to a standstill, that 2% slump would be the biggest drop in America’s diesel use since 2016.

New data processing unit to streamline corp filings

India's upcoming central data processing centre will ensure quick and objective approval of corporate filings by taking over the task from scattered regional offices, a person aware of the development said, freeing up the latter for more investigation and enforcement work.

Normal rains to lift rural demand for FMCG firms

If monsoon rains turn out as predicted and raw material prices continue to cool, rural demand for fast-moving consumer goods could recover in the next three to six months, companies and industry experts said.

IMAX, 4DX struggle for content to keep screens running in India

The dogfights of Top Gun and dive scenes of Avatar kept audiences glued to IMAX and 4DX screens last winter, but the premium movie formats that enable such spectacular cinematic experiences are themselves struggling for content in India.