CATEGORIES

Sebi to address concerns of AIFs

SEBI'S WHOLE TIME member Ananth Narayan on Tuesday said circumvention of regulations is an industry-wide and generic issue with the alternate investment fund (AIF) ecosystem. He stressed that the regulator wants to learn from the industry and work in close collaboration with it to frame the rules going ahead.

Krutrim Al rates itself 7/10 on political neutrality

OLA'S RECENTLY LAUNCHED generative artificial intelligence (AI) platform Krutrim gives itself a 7 out of 10 in terms of the \"political neutrality\" of its responses, and believes that on a scale of 1-10, religious polarisation in India ranks around 6-7.

Biden’s stance on Gaza war sows re-election risks

YOUNG AMERICANS ARE BIDEN'S BIGGEST CRITICS OVER GAZA

Alibaba joins Tencent, others in GenAI investment wave

ALIBABA GROUP HOLDING led the largest single financing round for a Chinese artificial intelligence startup, the latest in a string of sizable investments that suggest the ecommerce firm is again deploying capital in the hunt for growth.

Google says Microsoft creating walled garden’ in cloud biz

Microsoft’s collaboration with OpenAI has ratcheted up concerns

Mizuho courting India elite shows Japanese lenders’ global ambition

MIZUHO FINANCIAL GROUP is growing its foothold in India, a market that has lately been endorsed by Wall Street giants.

SBI junks plans to raise 12k cr via AT-1 bonds

STATE BANK OF India (SBI), the country's largest lender, is unlikely to utilise the enabling provision to raise nearly 11,900 crore through additional tier-I (AT-1) bonds due to pricing issues in the current fiscal, sources told FE.\"We had taken the approval to raise 20,000 crore via AT-1 bonds but looking at the redemptions that were due this year, we have completed requirement,\" a source said.

NCLT nod to Hinduja firm's plan for RCap

Process hinges on other approvals and decision on Torrent plea in SC

Rajya Sabha polls: Cong suffers setback in Himachal, SP in UP

IN A MAJOR setback to the Congress and its INDIA bloc ally Samajwadi Party ahead of the Lok Sabha elections, some of their MLAs were said to have voted in favour of BJP candidates for Rajya Sabha in both Himachal Pradesh and Uttar Pradesh. Elections to 15 seats were held in Himachal Pradesh, UP and Karnataka.

AAP names 4 picks for Delhi LS seats and 1 for Haryana

DAYS AFTER FINALISING its seat-sharing pact with the Congress for five states, including Delhi, the AAP has declared the names of five candidates for Delhi and Haryana for the upcoming Lok Sabha elections.

Maharashtra to crack down on global fast food chains

MAHARASHTRA WILL INSPECT outlets of global fastfood brands to check if they use cheese alternatives in products wrongly promoted as containing real cheese, widening scrutiny beyond a crackdown on McDonald's, a top official said.

Emaar targets top-10 spot, to foray into more cities

EMAAR INDIA, PART of Emaar Properties of Dubai, is looking to become among top 10 developers in the country.

Coke’s Quincey kicks off India visit

COCA-COLA'S GLOBAL CHAIRMAN and CEO James Quincey began his two-day visit to India, starting on Tuesday in Goa, industry sources have told FE. While Quincey, 59, has visited India several times, this is the first time that a 220-strong global leadership team is accompanying him to the country, which is the beverage maker's fifth-largest by volume.

SC Issues contempt notice to Patanjali

THE SUPREME COURT issued a contempt of court notice on Tuesday to Patanjali Ayurveda and its director Acharya Balkrishna for allegedly flouting an undertaking given to the court not to come out with any advertisement about its drugs and to desist from making statements against \"any system of medicine\".

Boeing steps up make-in-India push as sourcing soars to 1.25 bna year

AEROSPACE MAJOR BOEING has enhanced its India-based sourcing of components and services to $1.25 billion per year, as part of its commitment to 'Make in India'.

EV demand pushes Volvo’s petrol variant into history

WHILE ONE OUT of every three cars sold in India is projected to be an electric vehicle by 2030, the penetration is faster than expected in the luxury segment, where a nonEV version of a Volvo car is now only on made-to-order.

After 12 years, Skoda eyes re-entry into compact cars

AFTER EXITING 12 years ago, premium car brand Skoda Auto is set to return to the compact car segment with a sub-4-metre sports utility vehicle (SUV) early next year.

NCLT reserves order on plea against Byju’'s

Rights issue can go ahead, but firm can’t allot shares, use funds

Poverty sees drastic fall, could be around 4.5-5%: SBI report

POVERTY LEVELS IN India have witnessed a significant decline in the past decade, and at an aggregate level, it could now be in the range of 4.5-5%, State Bank of India said in a report on Tuesday.

Affordable housing threshold to remain unchanged for now

THE GOVERNMENT HAS no immediate plan to reclassify the \"affordable housing\" segment, which is encouraged with interest subvention funded out of the Budget, a senior official from the Ministry of Housing and Urban Affairs (MOHUA) told FE.

Apr-Jan power supply deficit at 1.4%

THE COUNTRY'S POWER supply ran into a deficit of 1.4% in the April -January period, with the power companies being able to meet only 239.93 GW of the total power demand of 243.27 GW, data from the Central Electricity Authority showed.

GDP growth seen slowing to 6.7% in third quarter

THE ECONOMY FEI LIKELY grew at a three-quarter low of 6.7% in Q3FY24, compared with 7.6% in the previous quarter, mainly due to fading away of the low base effect that had supported growth in H1, an FE poll of 20 economists showed.

MCA probes China firms linked to lending apps

THE CORPORATE AFFAIRS ministry is probing various Chinese companies, especially those with links to loan apps, for alleged violations and some of the investigations are at an advanced stage, according to a senior official.

India pushes for solution to grain stockholding

INDIA ON TUESDAY again pushed for a permanent solution to the issue of public stockholding of food grains for food security and said the progress on the issue would precede discussions on other elements of agriculture negotiations.

Do not miss the tide, Goyal tells startups

COMMERCE AND INDUSTRY minister Piyush Goyal on Tuesday urged entrepreneurs not to \"miss the bus\" and make the most of the opportunities as India transitions to become a developed nation with a $35-trillion economy by 2047.

Lenders may take JAL to NCLT

LENDERS OF JAIPRAKASH ASSOCIATES (JAL) are planning to take the debt-laden company to the National Company Law Tribunal (NCLT).

Sitharaman guest at Express Adda today

UNION MINISTER FOR finance and corporate affairs Nirmala Sitharaman has been in charge of two key portfolios in the Narendra Modi-led government, and as India's longest-serving full-time woman finance minister, she has presented six Budgets in a row equalling the record of Morarji Desai.

Qualcomm, Jio to bring 8,000 5G smartphone by 2024-end

Product targeted at 300 million 2G users

Voda Idea plans to raise ₹45,000 cr via debt equity

Over 90% of gross debt in AGR, spectrum dues

RBI's UPI Update Positive For Paytm

Smooth transition from PPBL to alternate partners underway