CATEGORIES

Berkshire, Lilly may shake tech’s grip on trn-dollar club

BIG TECH STOCKS created, and have so far dominated, the trilliondollar club in the US. For the first time, there's a race brewing for an outsider to join their ranks.

Unacceptable: Google CEO blasts Gemini image failure

GOOGLE IS WORKING to fix its Gemini AI tool, CEO Sundar Pichai told employees in a note on Tuesday, saying some of the text and image responses generated by the model were 'biased' and \"completely unacceptable\".

Apple shelves its electric car in favour of Al and Vision Pro

IN ABANDONING PLANS for a self-driving car, Apple Inc. is giving up on billions in potential revenue and the dream of selling what one executive called \"the ultimate mobile device.\" The hope is that other big bets- including generative AI and mixed-reality headsets - can make up the difference.

Yes Bank MD sees big opportunity in migration of Paytm’s merchant users

YES BANK SEES a huge opportunity in acquiring merchants at Paytm Payments Bank, but the National Payments Corporation of India (NPCI) must give a formal approval to the lender to onboard the crisis-ridden payments bank's merchants, MD & CEO of the private sector bank, Prashant Kumar, told reporters.

Reserve Bank seeks climate-related risk disclosure by lenders

THE RESERVE BANK on Wednesday proposed to make it mandatory for banks and NBFCs to disclose information about their climate-related financial risks on a standalone basis.

MSME loans rise 20% in July-Sept

LOAN ORIGINATION VOLUMES to micro, small and medium-sized enterprises (MSMEs) rose 20% year on-year (y-o-y) in July-September owing to a growth in economic activity, a report from TransUnion CIBIL and Small Industries Development Bank of India showed on Wednesday.

NBFCs bet on insurance in a bid to boost topline

MANY NON-BANKING FINANCIAL companies(NBFCs) are focusing on the distribution of insurance products in a bid to diversify their sources of revenue and increase fee income.

Two in five passengers face delays or lose luggage at airports: Report

AIRLINES, ALONG WITH airports, should be made more accountable for baggage handling and timely delivery, according to a national survey carried out by LocalCircles.

SpiceJet settles 250-crore dispute with AerCap

SPICEJET SAID ON Wednesday that it has settled a 250 crore ($29.9 million) dispute with Celestial Aviation, a subsidiary of AerCap, one of the largest aircraft leasing groups.

GitHub Copilot available at 39 a user per month

AI-POWERED DEVELOPER GitH ub has PLATFORM announced that its code completion tool GitHub Copilot Enterprise is now generally available and will cost an organisation $39 per user per month.

NCLT issues notice to Byju’s on foreign lender’s insolvency plea

THE NATIONAL COMPANY Law Tribunal (NCLT) issued a notice to the parent company of Byju's, Think&Learn, in response to a bankruptcy plea from Glas Trust Company LLC, a US-based non-bank loan agency.

Xerox turns troublemaker for HCLTech and TCS

A $1.3-BILLION OUTSOURCING deal from Xerox bagged by HCLTech, the third-largest Indian IT services firm, in 2019 seems to have become a matter of concern for the latter.

FMCG growth slowdown to continue this quarter

THE CURRENT SLOWDOWN in the fast-moving consumer goods (FMCG) sector is expected to continue through 2024, according to research firm Kantar.

Disney-Reliance merger to transform media

BILLIONAIRE MUKESH AMBANI is known for thinking big and acting fast. On Wednesday, the Ambani-led Reliance Industries (RIL) indicated that it was keen to dominate India's media and entertainment industry like it has other sectors by announcing that it was forming a joint venture with The Walt Disney Company through the merger of Viacom 18 and Star India

Eli Lilly’s obesity drug to hit Indian market next year

US DRUGMAKER ELI Lilly expects to launch Mounjaro, its blockbuster diabetes drug and wildly popular obesity treatment, in India as early as next year after it clears an ongoing regulatory review, CEO David Ricks told Reuters on Wednesday.

KKR mulls selling stake in 3 billion JB Pharma

KKR & CO. IS exploring options including selling its controlling stake in India's JB Chemicals & Pharmaceuticals Ltd. amid interest from potential buyers, according to people familiar with the matter.

Global giants eyeing entry-level EV segment in India

Skoda and Kia targeting sub-₹15 lakh models

Target of wheat procurement set at 30-32 MT

AMID PROJECTION OF a record wheat output, the government on Wednesday increased the grain procurement target for the 2024-25 season (April-June) to around 30-32 million tonne (MT), against 26.2 MT purchased from farmers under minimum support price (MSP) operations.

Restore appellate body soon: India at WTO

INDIA ON WEDNESDAY strong pitch for immediate tion of the appellate body of the World Trade Organization's (WTO) dispute settlement system pending the outcome of the discussions on reform in the area.

CAG: Local governance calls for out-of-box audit approach

THE COMPTROLLER AND Auditor General of India (CAG), in collaboration with state governments, is extending audit support to the country's 262,000 local bodies to help them improve governance and utilise central grants fully to provide improved services, CAG Girish Chandra Murmu said.

Rise in non-food spends shows higher income

Increase in income levels pushes consumers to discretionary spending: Economists

Govt gets ready for GIC Re stake sale

Outreach elicits quite positive response” from global investors

Vodafone Idea may raise part of funding via FPO

BELEAGUERED TELECOM COMPANY Vodafone Idea is expected to mop up a portion of the approved 20,000-crore fundraise through a follow-on public offer (FPO).

Small, mid-caps fall over regulatory scare

MID-CAP AND SMALL-CAP stocks took a beating on Wednesday, falling almost 2% after the Association of Mutual Funds in India (Amfi) asked mutual fund houses to have a policy that will safeguard investors in midand small-cap schemes.

India blocks investment pact

Gets South Africa's support on China-backed move at WTO

RIL, Disney form $8.5 bn entertainment giant

RELIANCE INDUSTRIES AND Walt Disney on Wednesday announced the merger of their television and streaming media companies in India - Viacom 18 and Star India - creating an $8.5-billion entertainment juggernaut. The move has been in the works since December 2023.

Modi 3.0 To See Labour, Land Digital Infra Reforms: FM

Legislative moves on the cards, policy support also for space and AI

In Gill & Jurel, India may have unearthed potential chasemasters for the future

Duo a throwback to Dhoni-Yuvraj combo

Four IAF pilots in Gaganyaan crew

PRIME MINISTER NARENDRA Modi on Tuesday hailed the four Indian Air Force (IAF) pilots who have been picked for Gaganyaan, India's first human spaceflight mission planned for 2025, as \"four shakti\" (power), and bestowed the prestigious \"astronaut wings\" on them

ARCs may see consolidation

THE ASSET RECONSTRUCTION company (ARC) segment may see some consolidation going ahead, especially if the guidelines for the higher net owned fund requirement are implemented, Crisil Ratings said in a recent report.