CATEGORIES

India suspends visa services in Canada

CALLS CANADA TERROR SAFE HAVEN

After 7 decades, Murdoch steps down as Fox, News Corp chief

HANDS OVER REINS TO SON LACHLAN

Firms get flexibility on borrowing via bonds

THE SECURITIES AND Exchange Board of India (Sebi) said on Thursday it would grant more flexibility to large companies for incremental borrowing via bonds, and will remove penalties on companies which were unable to meet the mandatory bond market borrowing quota.

RBI wilful defaulter norms set to change

THE RESERVE BANK of India (RBI) has proposed that lenders should label defaulting borrowers as 'wilful defaulters' within six months of an account turning non-performing. The RBI now does not have a specific timeline within which such borrowers have to be identified.

Canada funds hold over $30 bn in India

CANADA'S THREE MAJOR funds - Canada Pension Plan Investment Board (CPPIB), Caisse de dépôt et placement du Québec (CDPQ) and Ontario Teachers Pension Plan - have invested more than $30 billion (₹2.49 trillion) in India in both listed and unlisted firms, data culled from their respective websites and other sources show.

Nirma to buy 75% in Glenmark arm

5,652-CR DEAL FOR LIFE SCIENCES UNIT

Data Protection Rules, Board Within 30 Days

THE GOVERNMENT WILL notify the Data Protection Board (DPB) and the rules of the Digital Personal Data Protection (DPDP) Act within the next 30 days, minister of state for electronics and IT Rajeev Chandrasekhar said on Wednesday.

Rift deepens, MEA issues advisory for Indians in Canada

INDIA ON WEDNESDAY advised its nationals in Canada and those contemplating to travel there to exercise utmost caution in view of anti-India activities in some parts of that country.

IPL's valuation hits $11.2 bn, recording a 3.3% jump: report

WPL VALUED AT $150 MN IN DEBUT YEAR

Joe Biden invited as R-Day guest by Modi: US envoy

IN AN INDICATION of the deepening ties between the two countries, US Ambassador Eric Garcetti said Wednesday that President Joe Biden has been invited by Prime Minister Narendra Modi for the Republic Day celebrations in New Delhi on January 26 next year.

Lander, rover on moon to soon get wake-up nudge

AS A NEW dawn breaks on the Moon on Wednesday, the Indian Space Research Organisation (ISRO) will try and nudge the lander and rover modules of the Chandrayaan-3 mission to awaken from their deep sleep in an extremely frigid atmosphere.

Sonia echoes Oppn call for OBC quota

BACKING THE CONSTITUTION (One Hundred and Twenty-Sixth Amendment) Bill, 2023, seeking to provide 33 per cent reservation for women in the Lok Sabha and state Assemblies, Opposition parties demanded Wednesday that the government implement the proposed legislation \"immediately\", and conduct a caste census to extend the benefits of this law to women belonging to Other Backward Classes (OBCs).

Ola Electric targets IPO filing by October-end

OLA ELECTRIC PLANS to file regulatory papers for its up to $700 million IPO before the end of October as the e-scooter maker fast-tracks its listing move, three people with direct knowledge said.

The economics story China doesn't own

CHINA'S ECONOMIC SLOWDOWN has rippled through Asia. Tourists aren't flocking to Thai beaches or Singaporean malls in the numbers anticipated. Factories are struggling, and there are questions about whether Beijing can bankroll public works in the manner to which the neighbourhood has become accustomed.

Surveillence camera chips get shipped

A HUAWEI TECHNOLOGIES unit is shipping new Chinese-made chips for surveillance cameras in a fresh sign the Chinese tech giant is finding ways around four years of US export controls, two sources briefed on the unit's efforts said.

Goldman raises $14 bn to buy stakes in PE funds

GOLDMAN SACHS ASSET Management has raised $14.2 billion for a new vehicle to buy stakes in private equity funds. The US investment firm closed the Vintage IX fund with commitments from institutional investors, high-net worth individuals and Goldman Sachs employees, according to a statement Wednesday.

UAW strikes Merc parts plant; union eyes more targets

THE UNITED AUTO Workers (UAW) struck a plant that makes parts for Mercedes-Benz Group vehicles, as the union continued to weigh expanding the number of walk-out targets at Detroit's automakers.

Sunak signals plan to retract climate goals

PRIME MINISTER RISHI Sunak is preparing to water down some of Britain's environmental commitments on Wednesday, saying the country must fight climate change penalising without workers and consumers.

PLI: Govt to clear Samsung's dues

To pay ₹500 cr against firm's ₹900-cr claim

42% unemployment rate among graduates under 25

LOW RATE FOR OVER-35 GRADUATES RAISES WORRIES OF SKILL MISMATCH

Total to invest $300 mn in new JV with Adani Green

FRENCH PETROLEUM MAJOR TotalEnergies will invest $300 million to form a new 50:50 joint venture with Adani Green Energy (AGEL), which will set up renewable projects with total capacity of 1,050 MW.

Akasa to fly less but stick to quality, says CEO

THE FLEDGLING AKASA Air, which has seen a spate of pilot resignations, on Wednesday said it has chosen to fly less and give up market share in the short term to offer customers a more reliable network.

LOK SABHA SCRIPTS HISTORY: Women's quota Bill gets green signal from LS

CLEARING THE DECKS for a landmark legislation on 33% reservation for women in Lok Sabha and state assemblies, the Lower House on Wednesday passed the women's reservation Bill.

Fed keeps Indian markets on edge

RUPEE NEARS RECORD LOW INTRADAY

Ashwin gets a look-in, just in time

RAVICHANDRAN ASHWIN MAY eventually make it to the World Cup squad after being selected for the upcoming ODI series against Australia, ostensibly as cover for the injured Axar Patel. The champion off-spinner, whose white-ball appearances for India have been few and far between in recent times, is part of the 15-member outfit for the first two games, and one of the two reserves for the third match of the preparatory series.

As INDIA bloc gets down to nitty-gritty, misgivings surface

IN THE BALANCING of its many contradictory interests, INDIA alliance seems to have hit teething troubles.

Will oil hit $100? It already touched in some markets

WITH OIL INVESTORS and traders focused on an oil-price rally that has come close to $100 a barrel, some grades of crude oil are already trading above that milestone, highlighting an expectation of tight supply.

Irdai forms panel to create Bima Sugam platform

INSURANCE REGULATOR IRDAI has formed a steering committee, which will act as the apex decision making body for creation of its ambitious Bima Sugam platform, and it indicated that it will soon appoint a project consultant for which Request for Proposal (RFP) has already been issued.

Erdogan welcomes Musk to build Tesla factory in Turkey

Erdogen wants to bring the Starlink service to Turkey

Intel sees glass as vital material in race to power AI

INTELIS BETTING on an unexpected material to help the world's computers handle ever-growing artificial intelligence (AI) workloads: glass. As processors become larger and more complex, their ability to communicate with the rest of the computer is going to become a chokepoint, according to Intel researchers.