CATEGORIES

Indigenous 'bullet train' projects may run into financing hurdles

While the work on an indigenous prototype of high-speed rolling stock has boosted hopes of \"Indian bullet trains\" hitting the tracks over the next few years, the proposed seven high-speed rail projects could face serious financing hurdles, officials said.

Atishi 'running around like a hirni': Bidhuri

RAMESH BIDHURI, the BJP candidate in Kalkaji for the upcoming Delhi Assembly polls, stirred up controversy again on Wednesday with a comment about his contender and Delhi CM Atishi.

Most Indian Firms See AI as Strategic Priority: Study

Surpass global average of 75%

All universities to have career counselling units: Minister

UNION LABOUR MINISTER Mansukh Mandaviya said on Wednesday that career counselling centres would be set up in every university across the country under public-private partnership to boost employment and productivity.

Niti to evaluate Ujjwala Yojana & targeted subsidy

Assessing Burden

Let the rupee fall

What's important is the relative value of the currency vis-à-vis peer currencies and not its absolute value

LTTS expects hiring decline in coming years on automation

• Revenue up 3% in Q3, logs highest-ever deal booking TCV

No near-term impact seen on India of US AI chip restrictions

Curbs to be effective in 3 mths

Next round of India-UK FTA talks to start in Feb

THE NEGOTIATIONS ON a free trade agreement (FTA) between India and the UK are expected to resume in early February, after months of pause due to the general election in the UK, a senior official said on Wednesday.

Pichai joins Nadella in London cricket team bid

ALPHABET CHIEF EXECUTIVE officer Sundar Pichai is joining Silicon Valley executives bidding for a London-based cricket team, according to people familiar with the matter.

NPAs of SFBs to rise in FY25: Icra

RATING AGENCY ICRA on Wednesday said small finance banks (SFBs) will see an uptick in delinquencies in FY25, and the asset growth will slow down to 18-20%.

Rupee Logs Biggest Single-Day Gain in Over Seven Months

AFTER FALLING FOR the past five trading sessions, the rupee on Wednesday recovered 28 paise, or 0.33%, against the dollar, marking its biggest gain in over seven months, helped by a weaker dollar and a lower-than-expected trade deficit number.

Hero to rev up brand strategy

PUSHES FOR REDUCTION IN GST ON 125-CC BIKES TO 18%

Apparel retail may expect recovery in H2

THE APPAREL RETAIL sector in India is likely to show signs of recovery in the second half of FY25 due to improved consumer finances and a higher number of wedding days, India Ratings and Research (Ind-Ra) said on Wednesday.

Helping startups scale up business

● Govt support can serve as a catalyst for growth

Fighting BJP, RSS and the Indian State: Rahul

● BJP accuses him of attempts to break India

Meta warns CCI ruling may force rollback of features

META MAY HAVE to \"roll back or pause\" some features in India due to an antitrust directive which banned its WhatsApp messaging service from sharing user data with Meta for advertising purposes, according to a court filing by the US company seen by Reuters.

Jio Finance in talks with lenders for maiden debt sale

JIO FINANCE, A shadow lender owned by Asia's richest businessman Mukesh Ambani, is in talks with several lenders to make its first foray into the local currency debt market, according to people familiar with the matter.

Eka Mobility plans ₹2,000-cr investment

PUNE-BASED ELECTRIC BUS maker Eka Mobility will launch 6-7 electric commercial vehicles over the next 18 months and expand production capacity at an investment of ₹2,000 crore.

Trade deficit at $21.9 bn; exports fall 1% in Dec

THE TRADE DEFICIT in December 2023 was $18.1 billion.

HDFC Life Q3 profit climbs 15%

HDFC LIFE INSURANCE on Wednesday reported a 15% year-on-year rise in its standalone net profit for the third quarter at ₹414.94 crore.

PM Wani revival: Trai calls for cap on high internet costs by telcos

The Telecom Regulatory Authority of India (Trai) on Wednesday proposed that the broadband tariff charged by telcos to public data office (PDO) under the PM-Wani scheme shall not exceed twice the tariff applicable for retail broadband FTTH (fiber-to-the-home) services for the corresponding capacity.

Indices Gain for Second Day Amid Firm Global Cues

IN THE GREEN Sensex Intra-day, Jan 15 76,900.14 76,724.08 Open Close 0.29% Previous close 76,499.63 Nifty Intra-day, Jan 15 Previous close: 23,176.05 0.16% 23,250.45 23,213.20 Open Close

Sundaram Alternates raises ₹1,000 cr for realty fund

SUNDARAM ALTERNATES, PART of Sundaram Finance, on Wednesday said it has made the first close of ₹1,000 crore for its real estate fund.

AI to power 40% of utility control rooms, says Gartner

BY 2027, 40% of control rooms in the power and utilities sector will deploy AI-driven operators, according to Gartner.

In letter to countrymen, Biden says 'soul of America' at stake

Coming out of the worst pandemic in a century and the worst economic crisis since the Great Depression, the United States in four years under Joe Biden's leadership has emerged stronger, more prosperous, and more secure, the outgoing US President said in a letter Wednesday.

AI, GenAI to fuel IT industry recovery in FY26

With clients reducing discretionary spends on a challenging macroeconomic environment and Donald Trump 2.0 steering higher charges for H-1B visa, the IT services industry is facing headwinds.

ShareChat to trim workforce by 5%

SHARECHAT, A SHORT video platform owned by Bengaluru-based Mohalla Tech, is planning to trim its workforce by 5% later this month following its annual performance review.

DPIIT & ITC Join Hands to Help Manufacturing Sector Startups

THE DEPARTMENT FOR promotion of industry and internal trade (DPIIT) has entered into a partnership with cigarettes-to-consumer goods conglomerate ITC to help startups in the manufacturing sector, according to a statement.

'FPOs doing well need support to scale up'

Diversified conglomerates ITC, one of the largest private procurers and processors of agricultural commodities in the country, purchases around 3 million tonne of grains, pulses, oilseeds and other commodities from farmers annually.