CATEGORIES

For data security, DeepSeek to be hosted on local server

IN A MOVE to compete with global AI models such as DeepSeek and ChatGPT, the government on Thursday announced plans to develop its own foundational AI models within the next 8-10 months.

Over 60 killed after airplane hits Army chopper in US

MORE THAN 60 people were dead after an American Airlines regional passenger jet collided with a U.S. Army Black Hawk helicopter on Wednesday and crashed into the frigid Potomac River near Reagan Washington National Airport.

In AI era, a Noida factory looks to lead robot race

Amid the race to popularise human-like robots — AI research organisation OpenAI is reported to be the latest to explore the humanoid market that is expected to touch $38 billion by 2035, as per Goldman Sachs — a homegrown robotics company is on track to soon launch \"an advanced AI agent capable of processing vast volumes of multi-modal data from vision, audio, and touch inputs\".

Modi Govt Marching India Into 'Middle Income Trap': Cong

Ahead of the Union Budget, the Congress on Thursday slammed the government's handling of the economy, asserting that there is a slowdown with \"no jobs, raging inflation, stagnating wages and huge income inequality\".

RBI Buys G-Secs of ₹20,000 Crore

The first step of the recently announced liquidity infusion through open market operations (OMO) started on Thursday, with the Reserve Bank of India (RBI) buying government bonds worth ₹20,000 crore.

SoftBank in talks to invest up to $25 billion into OpenAl

SoftBank is in talks to invest up to $25 billion in ChatGPT owner OpenAI, according to a person familiar with the matter, as the Japanese conglomerate continues to expand into the sector.

Trump's trade scam

PERFORMATIVE SHOCK AND AWE A MARKETING STRATEGY FOR HIS BRAND RATHER THAN THE RESULT OF REFLECTION

Adani Ent profit slumps 97% on poor coal trading, forex loss

ADANI ENTERPRISES POSTED a sharp fall in its quarterly profit, weighed down by the coal trading unit and a foreign exchange loss, marking a tepid show in its first earnings since chairman Gautam Adani was indicted in a US bribery probe in November.

Locuz, Jio to get headstart in supplying GPUs

AI COMPUTING INFRASTRUCTURE providers such as Locuz Enterprise Solutions, NxtGen Datacenter, E2E Networks, Jio Platforms and CtrlS, will have a headstart in supplying graphics process units (GPUs) for the ₹10,000 crore IndiaAI mission, as they have emerged as the lowest price bidders (L1) for supplying the same.

OMCs Likely to Register Softer Refining Margins in Q4FY25

BEARISH OUTLOOK

Irdai Caps Health Cover Premium Hike for Senior Citizens at 10%

IN A RELIEF to senior citizens, the Insurance Regulatory and Development Authority of India (Irdai) has limited annual premium hikes on health insurance policies sold to them to 10%.

Ambanis Pick Up 49% Stake in Team for The Hundred League in UK

THE AMBANI family won the bidding battle for a stake in the Oval Invincibles cricket team in London, after interest from private equity firms and Silicon Valley executives.

Cloud kitchens outpacing traditional chains with focus on user preferences

Spicing Up Growth Menu

Bank of Baroda profit rises 5.6%, beats view

BANK OF BARODA on Thursday reported a 5.6% year-on-year rise in its net profit to ₹4,837 crore for the third quarter of the current financial year, supported by a strong growth in non-interest income and advances.

Byju's exec, business partner found in contempt of US court

Face financial sanctions of $25,000 a day

'Aim for moderate growth in unsecured loans'

Bank of Baroda expects to maintain its net interest margin (NIM) despite the rising cost of funds. In an interview with Sachin Kumar, MD & CEO Debadatta Chand says the bank's deposits are projected to grow by 11%, while advances are expected to rise by 13% in FY25. Excerpts:

Eye on rail capex grant from govt

Rail budget should be focused on its priorities: safe, quick, and comfortable travel in the passenger segment, and imaginative strategies to regain share of freight business

Dabur beats Q3 view on strong demand

DABUR INDIA ON Thursday reported a 1.6% year-on-year increase in its consolidated net profit to ₹522 crore in the December quarter, beating market estimates backed by strong demand in the rural market.

Day after stampede: Curbs on crowd, security stepped up

MUDDY FOOTWEAR, SOME single, some in pairs, are strewn near the Sangam ghat. So are colourful clothes and backpack-telltale signs of the stampede that claimed at least 30 lives a day ago and left another 60 injured at the Maha Kumbh in Prayagraj.

10% Limit on Annual Health Premium Hike for the Elderly

Unlike the Pradhan Mantri Jan Arogya Yojana (PMJAY), where hospitalization costs are centrally negotiated and standardised, private health insurance policies have no such price regulation.

FM may launch ₹1,000-cr fund for climate-resilient farming

RUN-UP TO THE BUDGET 2025-26

GAIL's Q3 consolidated net surges 28% to ₹4,084 crore

STATE-OWNED GAIL INDIA on Thursday reported a rise of 27.9% in its consolidated net profit for the third quarter of the financial year 2024-25 at ₹4,084.2 crore from ₹3,193.34 crore recorded in the same period of FY24.

Difference Between Urban, Rural Consumption Lowest in Kerala

● Monthly per capita expenditure highest in Telangana; Kerala leads rural segment

Powell Signals Fed on Hold as Trump's Policies Take Shape

IT'S NOT a skip, it's a pause—and maybe an extended one. Federal Reserve Chair Jerome Powell made it clear on Wednesday the US central bank intends to hold interest rates in a range of 4.25%-4.5% for the foreseeable future, pointing to a number of reasons why he and his colleagues expect to take their time before lowering borrowing costs again.

RBI buys G-Secs...

RBI's OMO auction saw good profits for traders, who used it to offload HTM bonds. The response was positive, with cut-off prices and yields largely in line with secondary market levels for the benchmark 10-year bond. The RBI aims to ease liquidity conditions.

Zepto rolls out 10-min instant exchange and return service

QUICK COMMERCE UNICORN

L&T misses estimates in Q3, profit rises 14%

STRONG ORDER BOOK PUSHES REVENUE UP BY 17.3%

Banks, importers seen lapping up $5-billion forex swap

THE RESERVE BANK of India's (RBI) $5-billion dollar/rupee buy-sell swap auction on Friday is likely to see strong demand from lenders and corporate treasuries, six bankers said.

Tata Motors EV unit registers maiden operating profit in Q3

FOR THE FIRST time since entering the space five years ago, Tata Motors' electric vehicle division recorded a three-month operating profit in the recently concluded December quarter.

Tata Consumer profit falls 5% in Q3, revenue up 16%

Operating performance in India was impacted by tea cost inflation offset by an improvement in international and non-branded businesses