CATEGORIES

CBI Names Sisodia As Key Accused In Liquor Case

FILING A SUPPLEMENTARY chargesheet in the Delhi excise policy case, the CBI Tuesday named AAP leader and former Deputy Chief Minister Manish Sisodia as prime accused among four people.

Facebook, Twitter Among 19 Sites To Face New EU Rules

THE EUROPEAN UNION said that 19 major online platforms and search engines will be subject to extra scrutiny under its new content moderation rules, setting up a potential fight with companies like Twitter that may not have enough staff to comply.

Nestle India posts 25% jump in Q1 profit

INDIA WAS A bright spot for global consumer goods major Nestle in the March quarter, reporting a 24.7%yearon-year growth in consolidated net profit to ₹737 crore, while consolidated revenue rose 21% for the period versus last year to ₹4,831 crore. The results beat Street estimates by a wide margin, with a poll of analysts by Bloomberg pegging net profit and revenue for the March quarter at ₹671 crore and ₹4,366 crore each. Nestle follows a January-December accounting year.

Bajaj Auto profit dips but beats estimate

BAJAJ AUTO ON Tuesday reported standalone net profit of ₹1,433 crore for the three months to March, recording a fall of 2.4% year-on-year (y-o-y). The numbers are not strictly comparable since the previous year's corresponding quarter had an exceptional gain of ₹315 crore.

US default on debt to cause economic catastrophe, says Yellen

US TREASURY SECRETARY Janet Yellen on Tuesday warned that failure by Congress to raise the government's debt ceiling and the resulting default-would trigger an \"economic catastrophe\" that would send interest rates higher for years to come.

UBS profit halves as cost of old toxic debt mounts

CEO warns of hard’ task of integrating rival Credit Suisse

Waiting for take-off

Udan 5.0 has brought in significant changes, but more state govts should underwrite flight seats

An expensive conflict

US-CHINA TENSIONS - THE ECONOMIC INTERESTS OF A SAVINGS-SHORT AMERICA ARE TIGHTLY ALIGNED WITH ITS OUTSIZED IMBALANCES OF TRADE AND CAPITAL FLOWS

FORECAST FOR FY24 - Adani Ports capex to be ₹6k cr: S&P

ADANI PORTS AND Special Economic Zone (APSEZ), an Adani group firm, will incur capex of ₹6,000 crore (about $732 million) in FY24, while it will have adequate liquidity during the fiscal, according to S&P Global Ratings.

Generative AI to open up revenue streams for IT firms, say analysts

INFORMATION TECHNOLOGY FIRMS are increasingly fast-tracking enterprise usage of generative AI tools like ChatGPT, DALL-E2, BingAI, etc, to improve their margins and revenue per employee.

Thrive looks to disrupt food delivery with SaaS offering

BY CHARGING RESTAURANTS a commission of just 3%, compared with 25% or more levied by existing aggregators, foodtech platform Thrive is shaking up the food delivery market.

HC rejects Google's plea for urgent hearing

THE DELHI HIGH COURT on Tuesday refused to grant an urgent hearing to Google on its challenge to a single-judge bench order asking the Competition Commission of India (CCI) to consider a plea of the Alliance of Digital India Foundation (ADIF) against the tech giant's policy of allowing the use of third-party payment processors for paid app downloads and in-app purchases on a commission basis.

Rahul moves Gujarat HC for stay on defamation case order

CONGRESS LEADER RAHUL Gandhi on Tuesday filed an application in the Gujarat High Court challenging the order of the Surat sessions court which last week declined to stay his conviction in a criminal defamation case over his \"Modi surname\" remark, a lawyer said.

India-made contaminated cough syrup found in Western Pacific, says WHO

CONTAMINATED COUGH SYRUP made by an Indian company has been found in the Marshall Islands and Micronesia, the World Health Organization WHO) said on Tuesday, after a spate of child deaths linked to other syrups in some countries last year.

Ex-Punjab CM Parkash Singh Badal dies at 95

FIVE-TIME FORMER Punjab chief minister and Shiromani Akali Dal patriarch Parkash Singh Badal, who was admitted to a private hospital in Mohali over a week ago, died on Tuesday. He was 95.

First batch of 278 Indians evacuated from Sudan

INDIA ON TUESDAY evacuated the first batch of 278 Indians from Sudan onboard naval ship INS Sumedha and rushed in essential relief supplies for its remaining stranded citizens as ceasefire appeared to be holding in the strife-torn African country.

PM flags off Kerala's first Vande Bharat train, stresses development of states

PRIME MINISTER NARENDRA Modi on Tuesday flagged off Kerala's first Vande Bharat Express and dedicated to the nation various developmental projects, including the Kochi Water Metro, and said as states develop, the country will develop faster. The PM laid foundation stone and dedicated projects worth more than 3,200 crore at the Central Stadium here.

Risks weigh on FY24 growth: Govt

INDIA'S BANKING SYSTEM LESS PRONE TO SVB-TYPE FAILURES: FINMIN REPORT

SC ruling on I-T searches big relief to taxpayers

THE SUPREME COURT has held that the income tax (I-T) department cannot reopen completed assessments under the Section 153A of the I-T Act, unless \"incriminating material\" is unearthed during search and seizure operations. Any other material emanating from the search can't be relied on for issuing re-assessment orders.

Coal stock at power plants 64% higher

THE COAL STOCK at thermal power stations was at about 35 million tonne (MT) on Sunday, 64% higher than previous year, coal secretary Amrit Lal Meena said on Tuesday.

Adani finds it tough to meet 5G rollout norms

To seek more time from DoT

ELIGIBILITY STANDARDS MAY BE PRESCRIBED: Govt mulls size threshold for auditors of large firms

Investors wary of audits by tiny, unknown firms

Sunak Goes Live On LinkedIn To Push UK's Growth Plans

BRITISH PRIME MINISTER Rishi Sunak on Monday joined a live question and answer session with a range of UK businesses as part of a new Business Connect programme, which he says will promote his economic growth priority and optimise the conditions for businesses in the country to thrive.

Disney Begins 2nd Round Of Job Cuts

WALT DISNEY BEGAN letting go thousands of employees on Monday in the entertainment giant's ongoing push to cut about 7,000 jobs this year.

ChatGPT-Driven Chatbot Among Innovations: Air India Invests $200 Mn In New Digital Landscape

AIR INDIA ON Monday said that it has modernised some of its digital systems and is in the process of deploying cutting-edge innovations such as ChatGPT-driven chatbot at an initial investment of $200 million.

Credit Suisse Lost $68 Billion In Asset Outflow Last Quarter

CREDIT SUISSE SAID on Monday that 61 billion Swiss francs ($68 billion) in assets left the bank in the first quarter and that outflows were continuing, underscoring the challenge faced by UBS Group in rescuing its rival.

Sebi recommends cancelling registration of eight AIFS

AIF fund managers have been witnessing regular inspections and scrutiny

RATING: BUY - HDFC Bank's focus shifts to deposits

Initial response to this merger has been positive from investors

Private-led infra push

Attracting more such investments in railways is critical to the India growth story

When AI is your assistant

POWER POINT GENERATIVE AI WON'T REPLACE HUMANS. RATHER, HUMANS WHO USE AI WILL REPLACE HUMANS WHO DO NOT