CATEGORIES

Google CEO Sundar Pichai says search to feature Chat AI

Google plans to add conversational artificial-intelligence features to its flagship search engine, Chief Executive Officer Sundar Pichai said, as he steers the tech company's response to competition from chatbots such as ChatGPT and to wider business pressures.

Govt ties local gas price to global crude benchmarks

The cabinet committee on economic affairs (CCEA) on Thursday approved new gas pricing guidelines, paving the way for linking domestic natural gas prices in India to global crude prices.

Self-regulation, intermediary tag for gaming sector

Online gaming companies must act as digital intermediaries, verify games and customers in real-money games, weed out fake information, and follow the rules set by self-regulatory bodies, the Union government said on Thursday.

RBI holds steady on rates, but pause may not endure

Governor Shaktikanta Das said the decision is specific to April MPC meeting only

'US-China Conflict Could Hit Global GDP'

Geopolitical fragmentation, driven by tensions between the US and China, risks damaging the global economy, with foreign direct investment and other capital increasingly being channeled toward aligned blocs of countries, the International Monetary Fund warns.

Apple Stores Are Almost Here; Mumbai To Host India's First

Apple Inc. will open its first flagship retail store in India in Mumbai, marking a significant milestone for the US giant as part of its efforts to ramp up both sales and manufacturing activities in the country.

India's post-pandemic potential growth could be pushed higher

We need deeper structural changes to drive more investments, raise productivity and enhance women's labour participation

We need reforms that'll ensure justice prevails

The latest India Justice Report' lays bare how far behind we are on satisfying basic ideals of the rule of law. To uphold this promise, judicial and police reforms in India are a must

Mastercard to require banks to use recycled materials for cards

Mastercard Inc. wants the plastic in consumers' wallets to do less damage to the environment.

Credit growth is moderating: Kotak

Credit growth is moderating from its post covid highs as the Reserve Bank of India's rate hikes begins to hit demand. According to the latest analysis by Kotak Institutional Equities based on RBI data, nearly all the key markets by geography are showing a reversal from high loan growth levels. A similar trend is also seen even in ticket sizes as well.

Adani Ports cargo grows 9% in FY 23

Billionaire Gautam Adani's Adani Ports and Special Economic Zone Ltd (APSEZ) on Wednesday reported 9% growth in cargo handling at seaports it operates for fiscal year ended 31 March.

Gold jumps ₹1,025 to touch life-time high

Gold price rallied ₹1,025 to touch a lifetime high of ₹61,080 per 10 grams in the national capital on Wednesday amid strong global trends, according to HDFC Securities.

Hero MotoCorp announces VRS

Two-wheeler Wednesday retirement scheme for its staff with an aim to improve efficiency and become a lean and more productive organization.

Reliance Retail in beauty, personal care biz with Tira

Reliance Retail Ltd, on Wednesday announced the launch of Tira, an omni-channel beauty retail platform further fueling competition in India’s beauty and personal care market.

Refining margins jump on product demand

All major state-run refiners at least doubled their gross refining margins

'Official stores will help Apple's brand, not market share'

Apple, on Wednesday, announced its first Apple Store in India, which will open at Bandra Kurla Complex in Mumbai. While having its own stores won’t have an immediate impact on the company’s market share in the country, experts said the stores may improve its brand positioning, and help expand business opportunities. They will also allow Apple to offer an end-to-end consumer experience, which has been a key part of the company’s global strategy for years.

Oil rally continues as focus shifts to inventories

Oil rose as signs of a further drawdown in US inventories helped prices to extend a rally driven by an unexpected Opec+ supply cut.

Nano-urea will help India save ₹15-20k cr, claims govt

With the production of 170 million bottles of nano urea, ₹15,000-20,000 around crore could be saved on urea imports, Union fertilizer secretary Arun Singhal said.

Global trade may grow 1.7% in 2023 despite war: WTO

The world trade organization (WTO) on Wednesday revised its global trade growth outlook for 2023 upwards to 1.7% from last October's estimate of 1% even as the war in Ukraine, stubbornly high inflation, tighter monetary policy and financial uncertainty continue to be a worry.

Govt may offer up to ₹50/kg support for green hydrogen

The Union government plans to provide incentives worth ₹13,050 crore out of the ₹19,744 crore support under the National Green Hydrogen Mission, two people aware of the development said.

SC quashes Centre's ban on news broadcaster MediaOne

Criticism of government action cannot be called “anti-establishment\", and a homogenized view on issues ranging from socio-economic polity to political ideologies poses “grave dangers to democracy\", the Supreme Court emphasized on Wednesday, as it quashed the Union government’s telecast ban on Malayalam news channel MediaOne, and held that national security claims couldn’t be “made out of thin air\" to deny citizens remedies provided under the law.

Stocks up almost 1% on robust credit, tax data

Buoyed by encouraging data on credit, tax and deficit data, stocks rose for a fourth straight day on Wednesday, unaffected by the weakness in global markets.

Coastal shipping to get infrastructure status: Sonowal

The union ministry for ports, shipping and waterways has proposed giving infrastructure status to coastal shipping, a government priority. The status entitles a sector to several benefits and concessions, including cheaper bank loans.

Adani targets debt cuts, income boost

In plan outlined to calm creditors, group sets aggressive goals

Sports ad spend crosses ₹14k cr in 2022

The Indian sports industry has registered a massive jump in 2022 with media advertisement spending , on-the-ground and team sponsorships, and celebrity endorsements breaching the ₹14,000 crore mark for the first time, signalling a massive post-covid recovery

Rising crude prices, tax cuts may not help oil producers

Analysts are not enthused considering the frequent revisions in windfall taxes

Urbanic to delist from Myntra, Flipkart

Urbanic is set to launch its own website in India. It already has a mobile app that draws significant Gen-Z traffic

Rashtriya Ispat mulls new business model

In a first, state-owned Rashtriya Ispat Nigam Ltd (RINL) is exploring a business model wherein it will supply finished steel products to companies which will either fund its working capital or supply one or more raw materials.

Iron Pillar raises $129 million under new venture fund

Venture capital firm Iron Pillar, which has backed startups such as Fresh-To-Home, Uniphore, Servify, and CureFoods, marked the close of its Global Cloud Fund II with a corpus of $129 million.

AAI to boost hiring of air traffic officers

The Airports Authority of India is in the process of hiring 356 of the 519 ATCO vacancies by August-September, two officials said