CATEGORIES
Excited fans throng Apple BKC store
TIM COOK, APPLE CEO, opened the doors of the first India store in Bandra-Kurla Complex (BKC) in Mumbai on Tuesday. The launch saw long queues of excited fans and marks the direct retail foray of one of the world's most valuable brands into India, more than 25 years after it began its operations in the country.
Adani Group debt increases almost 21% over past year
29% of borrowings with global banks at the end of March
Russia to continue oil supplies to India
RUSSIA WILL CONTINUE to supply crude oil to India this year, Russian deputy prime minister Denis Manturov said, adding that both countries are also in talks to increase bilateral trade using their national currencies.
Edible oil imports surge as global prices drop sharply
Processors and farmers seek higher import duty
Renewables to form 65% of new power capacity: Official
Coal-based power plants’ share to fall to 54-55% by 2030
Finmin to sensitise states on ₹1.3-trn capex loans today
THE UNION FINANCE ministry has called a virtual meeting of state finance secretaries on Wednesday to discuss the ₹1.3 trillion special assistance to states for capital investment in the current fiscal and sensitise them about meeting various conditionalities in order to be able to fully utilise the facility.
Happy days are here again for hotels as economy rebounds
AVERAGE ROOM RATES SET TO RISE 10-15%, MARGINS TO IMPROVE SHARPLY
WTO ruling on ICT not to impact mobile PLI
Order will be kept in abeyance as govt will appeal in appellate body
Tata Steel in talks to raise $400 million in green loan
TATA STEEL IS in various stages of discussion to raise about $400 million in green loans from a clutch of lenders, including Bank of America with a five-year tenure. If raised, this would be the company's first green loans, and the proceeds would be used for the Tata Group firm's capex plans.
EV penetration at 2.5%; vision 2030 well on track
Share of electric cars sold in 16-25% range at the company level S
AI in take-off mode: CEO
FOCUS NOW TO CREATE MORE HUBS, INVESTING IN TECH
Apple Goes Local With A Focus On Minimalism & Sustainability
TRUST APPLE, AMONG the world's most valuable brands, to turn design and innovation on its head. The company previewed its 20,000-sq-ft Mumbai outlet at Bandra-Kurla Complex (BKC), the first Apple Store in India, on Monday, ahead of its launch on Tuesday.
Sunak Faces Probe Over Wife's Business Interest
UK PARLIAMENTARY COMMISSIONER for Standards Daniel Greenberg opened an inquiry into whether Prime Minister Rishi Sunak failed to declare a relevant interest.
Making iPhones In India: Apple Unit In Chennai Is Top Employer
Foxconn-operated factory employs 35K at single location
ChatGPT Can Decode Fed Speak, Predict Stock Moves From Headlines
THE FIRST WAVE of academic research applying ChatGPT to the world of finance is arriving - and judging by early results, the hype of the past few months is justified.
Putin critic gets 25-yr jail in treason case
OUTSPOKEN KREMLIN CRITIC Vladimir Kara-Murza was jailed for 25 years by a Moscow court on Monday, the harshest sentence of its kind since Russia invaded Ukraine, after being found guilty of treason and other offences he denied committing.
Angry Tesla Shanghai workers vent to Musk over bonus cuts
TESLA'S SHANGHAI FACTORY workers took to social media to appeal to Elon Musk and the Chinese public after being told at the weekend about cuts to their performance bonuses, according to online posts and employees who spoke to Reuters.
China to be top growth source in next five years: IMF
CHINA WILL BE the top contributor to global growth over the next five years, with its share set to be double that of the US, according to the International Monetary Fund (IMF).
HDFC Bank: Deposit mobilisation is the key
Bank is making strong investments in branch expansion and hiring
How can China contain its $8.3 trillion fiscal crisis?
Beijing faces a fine-balancing act as local-government borrowings reach critical levels
Dismal tidings on trade
India must step up engagement with mega trade groupings in the Indo-Pacific region
A framework for ESG raters
MEASURING ESG: SEBI HAS ADOPTED A BALANCED APPROACH TO ADDRESS THE COMPLEXITIES IN COMPLYING WITH THE EXTENSIVE BUSINESS RESPONSIBILITY AND SUSTAINABILITY REPORTING FRAMEWORK
CALLS FOR OVERSIGHT: Pichai warns against rush to deploy Al
ALPHABET AND GOOGLE chief executive officer Sundar Pichai has said the push to adopt artificial intelligence technology must be well regulated to avoid potential harmful effects.
PSU general insurance firms see a dark tunnel ahead
THE PUBLIC SECTOR general insurance companies have been losing out to private players for many years now, and the slide continues unabated. According to latest data, the four public sector companies now account for less than a third of the non-life insurance market after losing a further 2% share in FY23.
Co-lending volumes may rise 4x to hit ₹1 trillion in FY24
Slower execution timeline big challenge for such agreements
MSP wheat purchases 23% less y-o-y on late harvest
WHEAT PROCUREMENT BY the Food Corporation of India (FCI) and state government agencies is 23% less on year at 4.16 million tonne (MT) in the current season (April-June) since the operations commenced from April 1.
Rice exports cross record $11 bn
INDIA'S RICE EXPORTS have crossed a record $11 billion in 2022-23, an increase of 16% from FY22. The volume of shipment, however, remained around the same level as last year at 21 million tonne (MT).
OPEC's control on oil prices may last till 2040: Experts
OIL PRICES RISING by $5 on the production cut decision of OPEC and its allies earlier this month suggests the oil cartel continues to have significant sway over the prices and their influence is likely to remain strong for the next 10-20 years, oil experts said.
Russia, India to put FTA talks in fast lane
NEW DELHI KEEN ON INCREASED RUPEE TRADE WITH MOSCOW
Analysts back down rounds to survive tough times
FUND RAISE AT LOWER VALUATION