CATEGORIES

India eyes power transmission link with Thailand via Myanmar

India and Myanmar are in talks to upgrade their power transmission connectivity which may be extended further to Thailand, two officials aware of the matter said, as part of India's larger plan to interconnect the national power grids of various south Asian countries.

Direct tax collections cross 86% of target for fiscal year

Impressive collection provides cushion for the government amid higher estimated spending

LVMH names new Louis Vuitton CEO, Arnault taps daughter for Dior

LVMH Moët Hennessy Louis Vuitton SE, Europe's most valuable company, is embarking on one of its biggest management shake-ups in years, elevating Pietro Beccari to lead Louis Vuitton and tapping Delphine Arnault, daughter of Chief Executive Bernard Arnault, to run Christian Dior.

To bolster leadership team, Wipro rolls out record promotions

Wipro Ltd has promoted a record number of executives, elevating 12 to senior vice-president and 61 to vice-president positions in an effort to bolster its leadership team.

EVS, cleaner fuel technologies grab the spotlight at Auto Expo

Automakers unveiled their plans for a cleaner A battery-powered future on the first day of India's premier auto show, which returned after a three-year gap.

Pilot alerting system crashes, grounding US flight operations

US flights were slowly resuming departures and a ground stop was lifted after the Federal Aviation Administration (FAA) scrambled to fix a system outage overnight that had forced a halt to all US departing flights.

Vedanta-Foxconn chip plant may get nod first

ISMC may revise its application while IGSS is almost out of the race

WHO Backs Mask On Long Flights As Omicron Spreads

Countries should consider recommending passengers wear masks on long-haul flights to counter the latest Omicron subvariant of covid-19 given its rapid spread in the United States, World Health Organization (WHO) officials said on Tuesday.

Golf in 2023 is packed with big money tournaments

To counter the Saudibacked LIV Golf Tour, the PGA Tour and others are increasing the prize money stakes

Tata nears takeover of iPhone plant to grow Apple supply role

The purchase is part of Tata's plans to increase its business with Apple, including a store chain

Delhi had worst air quality among Indian cities in 2022: CPCB study

Delhi was the most polluted city in India in 2022 with PM2.5 levels in its air more than double the safe limit and the third-highest average PMIO concentration, according to an analysis by the Central Pollution Control Board (CPCB).

US among top buyers of India's refinery products

The US emerged as a top destination for refined petroleum T products from India in November, much of it processed from Russian crude oil imported at a discount.

Budget may unveil ₹3,500 cr policy for battery recycling

The policy will have a focus on cluster-based recycling units and will incorporate incentives

Microsoft weighs $10 billion investment in ChatGPT creator

Microsoft Corp. is in discussions to invest as much as $10 billion in OpenAI, the creator of viral artificial intelligence bot ChatGPT, according to people familiar with its plans.

World Bank warns of looming global recession, cuts forecasts

The World Bank slashed its growth forecasts for most countries and regions, and warned that new adverse shocks could tip the global economy into a recession.

RCap lenders vote for second round of auction on 16 Jan

Lenders to Reliance Capital on Tuesday unanimously voted to restart the bidding process to auction the bankrupt company, two officials familiar with the matter said. The auction will be conducted with a base price of ₹9,500 crore, including upfront cash of ₹18,000 crore.

Budget likely to correct inverted duty structure

Govt also weighs steps to expand export credit and insurance cover

Goldman to cut about 3,200 Jobs this week

More than a third of cuts will likely be from core trading and banking units

New Parl house is ready by Jan-end

The new Parliament building will be ready by the end of January and finishing touches to its interior are being given at a very fast pace, government sources said on Monday.

Kochhars get interim bail in fraud case

The Bombay high court on Monday granted interim bail to former ICICI Bank chief executive and managing director Chanda Kochhar, and husband Deepak Kochhar in the Videocon loan fraud case, saying their arrest was not in accordance with the provisions of law.

Gaming industry seeks clarity

The gaming industry has sought clarification from the government on certain key areas of the new policy.

India, Sri Lanka to start top-level G2G talks on power transfer link

India and Sri Lanka plan bilateral talks at the \"highest level\" for setting up a power transmission link between the two neighbours, two people aware of the developments said Public sector transmission major Power Grid Corporation of India has already prepared a preliminary report for the proposed project, they said.

As prices stabilize, govt may lift rice export restrictions

India, the world's biggest rice exporter, is likely to lift restrictions on grain shipments in a move that would mark a further easing of a global wave of food protectionism after Russia's invasion of Ukraine.

FM may propose to upgrade, build MSME industrial areas

Centre may provide most of the financial support needed for industrial areas to develop

Stocks rally over 1% on global cues

Optimism around China's reopening and hopes of a soft landing in the US powered a global stock market rally on Monday, lifting Indian stocks as well. After a three-day losing streak, benchmark indices Nifty and Sensex ended the day with gains of 1.35% and 1.41%, respectively.

TCS profit rises 11% but misses estimates

Tata Consultancy Services Ltd (TCS) on Monday reported a lower-than-expected 11% increase in fiscal third-quarter profit as customers tightened spending amid mounting concern about a worldwide economic recession.

Early backers in talks to sell stakes in Byju's

Lightspeed, Chan Zuckerberg, others look to offload partial or full stakes in firm

Over 480 trains affected due to fog

The railways on Sunday said foggy weather has affected the movement of over 480 trains.

Tech leads office space absorption

Office space absorption stood at 1.7 million sq ft during the October-December 2022 period, a study by real estate consulting firm CBRE South Asia Pvt Ltd said on Sunday.

Biden heads to border to face crisis he admits has no easy fix

President Joe Biden will confront one of his biggest political liabilities head-on Sunday, as he pays a visit to the US border with Mexico in El Paso, Texas.