CATEGORIES

Wipro to invest $1 bn in AI

EMPOWERING THE COMPANY'S TALENT POOL

Vedanta has lined up partners for semiconductor project: Agarwal

DAYS AFTER VEDANTA Group's joint venture partner, Foxconn pulled out of a $19.5 billion semiconductor manufacturing project, company chairman Anil Agarwal on Wednesday said partners have been lined up for the venture and Vedanta will begin foray into chip making this year. However, did not name the partner.

HCL Tech net down 11% to ₹3,534 cr

HCL TECH, THE country's third-largest IT firm missed estimates on the net profit and revenue front in its April-June quarter earnings.

TCS bets big on generative AI

ATTRITION TO COME BACK TO COMFORTABLE LEVELS | The IT major would use the help of its 65,000 domain experts

Delhi CM seeks Centre's help as Yamuna river swells

DELHI CHIEF MINISTER Arvind Kejriwal on Wednesday urged the Centre to intervene to ensure that the water level of the Yamuna, flowing at an all-time high of 207.55 metres, doesn't rise further and said news of flood in the capital will not send a good message to the world.

Food inflation surges to 4.49% in June, veggie prices seen to remain fimm

Cereal prices firm, pulses turn much costlier

Nafed, NCCF told to help reduce tomato prices

RAINS IN HILLS COMPOUND SUPPLY CONSTRAINT | Agencies to procure vegetable from AP, Karnataka & Maha

GST Council: Holding of securities of a subsidiary won't attract tax

THE GOODS AND Services Tax (GST) Council on Tuesday clarified that the mere holding of securities of a subsidiary company by a holding company cannot be treated as a supply of services and therefore, cannot be taxed.

Cabinet nod to lithium mining by private firms

REDUCING IMPORT RELIANCE

Factory output grows 5.2% in May, up from 4.5% in April

INVESTMENT-LED SECTORS DRIVE GROWTH | Industrial growth seen moderating to 3-4% in June

Spotlight on Star as Disney weighs sale, JV in India

OTT PLATFORM HOTSTAR HAS LOST SUBSCRIBERS; LINEAR TV GROWTH LIMITED, SAY EXPERTS

Reliance, Jindal, GBTL eligible to bid for Future Enterprises

RELIANCE RETAIL VENTURES (RRVL), a subsidiary of Reliance Industries, and two other companies - Jindal and GBTL - are eligible to submit resolutions for debt-laden Future Enterprises (FEL) under the corporate insolvency resolution process (CIRP).

GST revenue just 2% of e-gaming turnover now: Revenue secy

THE GOODS AND services tax (GST) receipts from the burgeoning online gaming industry fetched barely 2% of its estimated turnover of ₹85,000 crore in FY23, revenue secretary Sanjay Malhotra said.

TCS Q1 profit down 2.8%

Sequential revenue growth slowest in 12 quarters

Inflation spurts to 4.81% in June

RATE CUT HOPES DAMPENED | Upward climb expected but quantum slightly higher than anticipated

In 15 years, India lifted 415 mn out of poverty: UN

DEPRIVATION DECLINES ON ALL PARAMETERS

Adani row: SC asks Sebi about status of probe

THE SUPREME COURT on Tuesday asked the Securities and Exchange Board of India (Sebi) about the status of its ongoing investigation into the allegations of stock price manipulation by Adani Group and said the probe has to be concluded expeditiously by the extended time it has granted till August 14.

Must target 1 million CBDC transactions per day: RBI DG

BANKS AND FINANCIAL institutions must aspire to conduct at least one million central bank digital currency (CBDC) ore-rupi transactions per day by the end of 2023, Reserve Bank of India (RBI) Deputy Governor T Rabi Sankar said on Tuesday.

Focus on governance: Das to banks

MEETS CHIEFS OF PSBs, SELECT PRIVATE BANKS

'We want to carry spirit of Vistara into merged entity'

INTERVIEW: VINOD KANNAN, CEO, Vistara | Full-service carrier Vistara, a joint venture of the Tata Sons and Singapore Airlines, will soon be merged with Air India, putting an end to the brand's eight-year journey. Vinod Kannan, CEO, Vistara, talks to Akanksha Nagar about the challenges any merger throws up and why the airline continues to add routes and aircraft as it prepares to devolve into another brand. Edited excerpts:

Non-bailable arrest warrant issued against Imran Khart

PAKISTAN'S TOP ELECTION body on Tuesday issued a non-bailable arrest warrant against former prime minister Imran Khan in a case of contempt.

More than a quarter of jobs at high risk from AI revolution, says OECD

MORE THAN A QUARTER of jobs in the OECD rely on skills that could be easily automated in the coming artificial intelligence revolution, and workers fear they could lose their jobs to AI, the OECD said on Tuesday.

Xi calls for greater economic opening in charm offensive

CHINESE PRESIDENT XI Jinping called for greater opening up of the world's second-biggest economy to focus on foreign cooperation in areas including trade and investment.

Zelenskiy hits out at NATO's 'absurd' membership delay

SWEDEN MOVES CLOSER AFTER DEAL WITH TURKEY | US' Sullivan said a 'positive signal' will be sent soon

Competition to heat up in card payment space

THE RECENT NORMS of the Reserve Bank of India (RBI) on card payment networks may push them to offer better pricing and features to issuers, which will, in turn, benefit customers, experts said.

Problem of plenty for funds as smallcap kitty swells

DEPLOYMENT OF FUNDS TO BECOME MORE CHALLENGING

Generative AI to help edtech improve margins

GENERATIVE AI IS all set to help improve the margins of edtech companies, which have been struggling of late, as academia returns to offline mode of teaching.

Adani weighing bid for Anil Ambani's coal plant

GAUTAM ADANI IS weighing a bid for a coal-fired power plant belonging to Anil Ambani that is currently being auctioned by Indian lenders, according to people familiar with the matter.

VC firms eye 3,000 MW data centre capacity addition

VENTURES FORMED BY Blackstone, Brookfield, AdaniConnex, Hiranandani, Digital Edge and others are planning to add 3,335 MW of data centre capacity in the coming years.

Foxconn to apply afresh for chip unit

MOVE AFTER EXITING VEDANTA JOINT VENTURE | Application to be made under Centre's ₹76k-cr incentive plan