CATEGORIES

Das tells lenders to avoid all forms of exuberance

RESERVE BANK OF India (RBI) governor Shaktikanta Das said on Wednesday that the recent stricter guidelines on unsecured lending were preemptive measures aimed at sustainability.

CG Power seeks nod to set up chip facility

Stock surges 20% to 52-week high

G20 Virtual Summit: India To Push For Early Action On Climate Finance

THE VIRTUAL G20 Leaders' Summit on Wednesday will review the progress on the decisions taken by the leaders in September even as India pushes for early implementation of priorities including climate finance and energy transitions.

Gen Al Generates 13% Of Software Codes In India

GENERATIVE AI (ARTIFICIAL Intelligence) currently generates 13% of code and saves 16% of time for Indian coders.

Sting In The Tail Turns Kohli Into World Cup's Tragic Hero

IN THE MIDST of the silence that engulfed the arena stood Virat Kohli, his vacant stare wandering into the skies, with the forlorn look of someone betrayed.

Israel lists Lashkar-e-Taiba as 'terrorist organisation'

ISRAEL ON TUESDAY reaffirmed its declaration of Pakistan-based Lashkar-e-Taiba (LeT) as a 'terror organisation' ahead of the 15th year anniversary of the 26/11 Mumbai terror attacks in which 166 persons, including six Jews, were killed.

Rescuers make visual contact

AFTER A SERIES of setbacks, the 10th day of the operation to rescue 41 workers trapped inside the under-construction Silkyara-Barkot tunnel brought a small sense of relief to their families after the administration finally established a visual communication with the men.

Blackstone to shut hedge fund after assets fall 90%

BLACKSTONE PLANS TO close a fund that exposes investors to a variety of hedge funds and trading strategies after assets fell almost 90% in four years, the company told Reuters on Tuesday. The story first appeared in the Financial Times.

Hamas chief says truce deal with Israel is 'close'

THE CHIEF OF Hamas said on Tuesday that the Palestinian militant group was near a truce agreement with Israel, even as the deadly assault on Gaza continued and rockets were being fired into Israel.

Retail comeback gives a fillip to cash market

RETAIL PARTICIPATION IN the National Stock Exchange's (NSE) cash market has seen a revival of late, offsetting the massive sell-off witnessed in the initial months of the present financial year.

Toyota to set up 3rd manufacturing plant near Bengaluru

RIDING ON THE success of its model sharing with Maruti Suzuki, Toyota Kirloskar Motor (TKM) on Tuesday said it will set up a third manufacturing plant within its Bidadi facility (near Bengaluru) to ramp up production of its high-selling models such as the Innova HyCross.

Suspense over Wildflower Hall ownership continues

GENTLY TOWERING OVER the thick evergreen forest that surrounds it, Wildflower Hall is an autumnal postcard setting come to life, spruced with cedar and pine trees.

Vaishnaw calls Meta, Google, others over deepfake issue

Will tell them IT Act applies to AI misuse

TCS Q3 earnings to take $125 mn hit over US lawsuit

TATA CONSULTANCY SERVICES (TCS) on Tuesday said it would make a $125 million provision in its third-quarter results in relation to a trade secret lawsuit filed by US-based Epic Systems.

Eyeing ₹1-trn topline, Titan to hire 3,000 people in 5 years

JEWELLERY AND WATCHMAKER Titan on Tuesday announced that it plans to hire more than 3,000 workers over the course of the next five years in order to reach its objective of being a ₹1-trillion company.

ED attaches ₹752-crore assets of National Herald

THE ENFORCEMENT DIRECTORATE (ED) on Tuesday said that it has attached immovable assets and equity shares worth about ₹752 crore as part of its ongoing money laundering investigation against the Congress-promoted National Herald newspaper and companies linked to it.

Tamil Nadu eyeing ₹50k-cr EV investments by 2025

TAMIL NADU AIMS to attract ₹50,000 crore investments in the electric vehicle (EV) supply chain by 2025, creating around 150,000 jobs in the sector. The investments will help the state in achieving its sustainable development goals, said TRB Rajaa, state industries minister.

FDI equity inflows drop 7.3% to $9.54 bn in Q2

FOREIGN DIRECT INVESTMENT (FDI) in India fell 7.3% on year in July-September quarter to $9.54 billion due to a sharp fall in inflows into computer software and hardware sectors, trading and construction, according to government data.

IPEF unlikely to impact policy space for India

THE AGREEMENT SIGNED by India at the 14-member Indo-Pacific Economic Framework for Prosperity (IPEF) that seeks to address the vulnerabilities and disruption in supply chains would not in any way take away the country's sovereign rights to impose export restrictions on products or change tariffs, a senior official said on Tuesday.

Reliance to invest ₹20k cr more in Bengal in 3 years

RELIANCE INDUSTRIES CHAIRMAN and MD Mukesh Ambani on Tuesday announced an additional ₹20,000-crore investment for West Bengal over the next three years.

New EV policy may offer firms import tariff relief

A COMPREHENSIVE POLICY to encourage electric vehicles (EV) manufacturing in the country may give the players the facility to import these vehicles, including as completely built units (CBUs), at concessional tariffs for an initial period, a senior official said.

FMCG firms stare at sharper price cuts as local brands rise

THE COUNTRY'S ₹5-TRILLION fast-moving consumer goods (FMCG) market may have to take sharper price cuts to shore up volume growth amid rising local competition and sluggish rural demand.

₹9,000-cr FEMA notice to Byju's

ED alleges forex violation by troubled edtech firm

Banks' borrowing soars on tightening liquidity

BANKS' BORROWING FROM the Reserve Bank of India's (RBI's) Marginal Standing Facility (MSF) rose sharply in November, reflecting the tight liquidity situation in the banking system.

Jindal drops out; Go closer to liquidation

NAVEEN JINDAL-LED JINDAL Power will not go ahead with its bid to take over low-cost carrier Go First, pushing the airline closer to liquidation. The deadline to submit the bids ended on Tuesday.

Tesla may hit India roads in new year, pact in Jan

THE GOVERNMENT IS closing in on an agreement with Elon Musk-led Tesla that would allow the US automaker to ship its electric cars to the country from next year and set up a factory within two years, according to sources.

After loss, a PM pep talk in Team India dressing room: 'Played well, tried hard'

AFTER THE WORLD Cup final loss on Sunday, the disappointed Indian dressing room got a surprise visitor.

China shifting its BRI spending to renewables

AFTER 10 YEARS of helping other countries develop massive amounts of power generation, China's Belt and Road initiative (BRI) is pivoting more toward renewable energy, according to a new study from Wood Mackenzie.

RBI move to raise risk weight credit positive: Moody's

Stiff competition is leading to moderation in lenders’ NIM

ONGC targets steady production

Standalone capex to be in ₹33,000-35,000 crore range for FY25