CATEGORIES

Banks urge RBI to ease cash crunch with FX swaps

SOME BIG LENDERS in India have asked the central bank to inject liquidity using foreign-exchange swaps as short-term currency financing costs surged to a four-year high, according to people familiar with the matter.

Iran minister in Delhi for talks to boost ties

DAYS BEFORE DONALD Trump returns to the Oval Office, Majid Takht-Ravanchi, Iran's Deputy Foreign Minister, has reached New Delhi for talks Friday with External Affairs Minister S Jaishankar and Foreign Secretary Vikram Misri.

Centre to get first chance to restore J&K statehood: CM

In his first media interaction here on Thursday, two-and-a-half months after taking over as Jammu and Kashmir chief minister, Omar Abdullah stressed on restoration of statehood to J&K but added that his government was willing to wait for the Centre to do so rather than taking recourse to courts.

Employment up 36% between FY15, FY24

EMPLOYMENT IN THE country has increased by 36% to 643.3 million in 2023-24 from 471.5 million in 2014-15,

Goyal to Meet EV Industry Representatives

Representatives of electric vehicle manufacturers will meet commerce and industry minister Piyush Goyal on Friday to discuss issues related to the expansion of manufacturing and the adoption and building of support infrastructure, including charging and battery swapping facilities.

Panel to suggest road map for Producer Price Index

To revise WPI base year as well; Niti Aayog member Ramesh Chand will lead committee

NSO to compile district-level estimates

STARTING THIS MONTH, the statistics ministry will conduct new survey rounds which will contain district-level estimates, in addition to the existing national- and state-level data, according to an official release.

India to add 30 GW RE capacity in FY25-26

INDIA IS LIKELY to add 30 gigawatt (GW) of renewable energy capacity over FY25-26, backed by continued policy support, availability of liquidity and established growth plans of some large corporate players, reduced equipment prices, and waiver of interstate transmission system charges, analysts say.

Budget wish list: Lower tax on FD interest & fund for NBFCs

AHEAD OF THE Budget for 2025-26, representatives of the financial sector and capital markets on Thursday sought a lowering of tax on interest income from fixed deposits to align with capital gains tax on equities, a dedicated refinancing window for non-banking financial companies (NBFCs), and incentives for long-term savings.

Dec Manufacturing PMI Slips to 56.4, Weakest in 2024

EXPANSION IN MANUFACTURING activity in the country slowed in December, amid softer demand conditions and price pressures.

Agritech to create 80K jobs in 5 yrs: Teamlease

THE AGRI-TECH SECTOR is expected to create 60,000-80,000 new employment opportunities over the next five years, a senior executive of TeamLease Services said.

Regulation, deals, crypto: Fintech themes for 2025

INDUSTRY INSIDERS OPTIMISTIC THAT THE TIDE WILL TURN

Bhopal gas tragedy: 40 yrs later, toxic waste leaves Union Carbide factory

FORTY YEARS AFTER the Bhopal gas tragedy, the shifting of some 377 tonne of hazardous waste began from the defunct Union Carbide factory on Wednesday night for its disposal, an official said.

From evolution to digital revolution

THE EYE GAVE Charles Darwin \"a cold shudder\". Writing in The Origin of Species, he struggled to explain how natural selection could create something so intricate.

Data protection rules get home ministry's nod

Data protection rules, including provisions for minors and exemptions, have been approved by the home ministry. A Data Protection Board will address disputes, and penalties for breaches could reach ₹250 crore.

Dec GST mop-up at ₹1.77 lakh cr

MS MANI, PARTNER, Deloitte India said the significant increase in both domestic and export refunds indicates that the overall refund framework is now stable and its implementation on a sound footing.

Boost quality control, fix fair pricing: Shah to NCOL

Cooperation Minister Amit Shah on Wednesday directed National Cooperative Organic Ltd (NCOL) to strengthen quality control and establish fair pricing for its \"Bharat Organics\" brand as the government seeks to expand organic farming nationwide.

Large quantum computers a reality in the near future

The Willow Computing chip marks a significant milestone in quantum computing, paving the way for large-scale, stable, and error-corrected quantum systems.

An inspiration for India's Quantum Mission

The success of Google’s quantum computing initiative is a significant development for India’s quantum computing mission. This success demonstrates the feasibility and immense potential of quantum computing and will serve as a strong motivator to bolster the ecosystem. India must accelerate its efforts in this field.

AI, Convergence, and Beyond

Firms poised to scale up AI deployments into full production

Cutting through the hype on AI, RTO, and DEI

FROM A QUICK glance at 2024's top business headlines, you'd think all companies were pushing return-to-office (RTO) policies, embracing artificial intelligence (AI), and banishing diversity, equity, and inclusion (DEI) programmes.

The future of algo trading

SEBI PROPOSAL SEEKS TO STRIKE A BALANCE BETWEEN REGULATORY CONCERNS AND INTERESTS OF STAKEHOLDERS

Virtual companions, real consequences

It is imperative to set up legal frameworks and ethical guidelines that safeguard users, especially those most vulnerable, from unintended consequences of AI

No cause for alarm

Slower loan growth should help lower liabilities and boost household savings

Begins 2-year non-permanent UNSC tenure

Pakistan began its two-year tenure as a non-permanent member of the United Nations Security Council (UNSC) on Wednesday, with Ambassador Munir Akram saying that the Pakistani delegation will play an \"active and constructive\" role in addressing key challenges facing the world.

ECB Hopes to Hit 2% Inflation Target in 2025, Says Lagarde

The European Central Bank's (ECB) 2% inflation target is in sight, according to President Christine Lagarde.

Mubadala pips PIF as top spender globally

ABU DHABI'S MUBADALA Investment was the world's most active sovereign wealth fund last year as it ramped up deal-making across everything from private credit to artificial intelligence (AI).

Pakistan's inflation hits 81-month low of 4.1% in Dec

Path Towards Economic Recovery

US stocks fall to close out best two-year stretch since 1998

US STOCKS DECLINED in the final session of the year but still closed out the best two-year run since 1998.

Israeli forces strike Gaza city suburb

A driver crashed his truck into a crowd at high speed in New Orleans' French Quarter in the wee hours of New Year's Day then opened fire, killing at least 10 people and injuring more than 35, city officials and police said.