CATEGORIES
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
THE CLOUDS THAT hung over the financial-technology industry in 2024 appear to be clearing as interest-rate cuts, recoveries in fintech stocks and promises of a looser regulatory environment in the second Trump administration paint a more promising outlook for startups.
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
THE RULES WILL also detail specific provisions, such as consent management for minors and exemptions for certain entities or contexts.
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
Quantum technology is poised for a significant leap forward, with advancements promising breakthroughs across various sectors. The development of fault-tolerant quantum systems is rapidly progressing, driven by innovations in scalability, stability, and error correction.
An inspiration for India's Quantum Mission
THE SUCCESS OF Google is a shot in the arm for India's Quantum Computing Mission as this demonstrates the feasibility and great potential of quantum computing and will act a motivation to strengthen the ecosystem. India should speed up
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
AI, Convergence, and Beyond
Firms poised to scale up AI deployments into full production
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.
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).
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.
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.
Russia and Ukraine cease five decades of gas transit to EU
• Ukraine to give up long-held strategic position
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.
RPower Rallies as Arm Repays $150 Million to IIFCL, UK
RELIANCE POWER on Wednesday said its arm Sasan Power has made a bullet payment of $150 million to IIFCL, UK, fulfilling its debt obligation on December 31.
Foreign flows into govt bonds to come off record highs
FOREIGN FLOWS INTO government bonds are set to decline in 2025, after spiking to a record high in 2024 as the debt got added to JPMorgan's emerging market debt index, investors said.
Indices begin 2025 on a high
• FPIs continue selling spree
UPI Transactions Hit Record High in Dec; Value at ₹23.25L Cr
DIGITAL TRANSACTIONS CONTINUED their upward trend in December, with the number of transactions on the Unified Payments Interface (UPI) rising 8% month-on-month to hit a record of 16.73 billion, according to data from the National Payments Corporation of India (NPCI).
New year brings stricter regulatory oversight for HFCs
WITH THE RESERVE Bank of India's (RBI) new guidelines coming into effect on Wednesday, housing finance companies (HFCs) are stepping into the new year under stricter regulatory oversight.
Banks' Loan Growth Drops for Fifth Straight Month in Nov
Banks' credit increased by 11.8% year-on-year in November, compared to a 16.5% rise in the same month in 2023, excluding the impact of HDFC Bank's merger with its parent, Housing Development Finance Corp, showed the latest data.