CATEGORIES
Kept $533 mn in fixed income assets: Byju's
Clarification after allegation that sum was invested in little-known fund
Banks tap certificates of deposit to meet rising credit demand
Banks are turning to cheaper certificates of deposit (CDs) to meet credit demand which has outpaced deposit growth, data showed.
'Online bank a/cs inaccessible to many due to defunct credentials'
Several individuals across India are unable to access their bank accounts online for reasons ranging from defunct user credentials to account turning dormant, with the system of resuscitating it an arduous process, a survey has found.
Nifty closes above 20K for first time
After a weak start, the markets rebounded well on Wednesday, with Nifty gaining 0.38% and closing above the 20000-mark for the first time, supported by softer inflation data and strong production numbers despite weak global cues.
'Infosys has outlined 8 broad areas for Al'
Information technology services leader Infosys Ltd recently said it is taking an artificial intelligence (AI)-first approach for all its business and operational needs. At its first quarter earnings announcement, the company also committed to train 40,000 employees on generative AI skills. In an interview, chief technology officer Mohammed Rafee Tarafdar explained Infosys' Al strategy. Edited excerpts:
Special session to debate bill on ECs, discuss ‘parliamentary journey'
The government on Wednesday listed a raft of key bills, including one to change the way election commissioners are picked, for the 18-22 September special session of Parliament.
'Higher stocks at coal mines'
The stock of coal at mines and transit has increased 39% over last year, coal minister Pralhad Joshi said on Wednesday, amid concerns over stocks being too low to meet the power demand.
Tesla may source parts worth $1.9 bn from India this yr: Goyal
Electric vehicle maker Tesla is looking to source components worth around $1.9 billion from India this year, commerce and industry minister Piyush Goyal said on Wednesday.
Nod for eCourts 3rd phase, 7.5 mn free gas connections
Cabinet also clears Cyprus-based investor's 9,589 crore deal for 76.1% in Suven Pharma
Go First lenders jittery on interim finance
Lenders to Go First have turned wary of extending more loans to help the grounded airline return to skies, two people aware of the matter said, given the protracted legal battle between the company’s lessors and the resolution professional. The banks had agreed to grant an interim financing of ₹600-700 crore to help the low-cost airline take off with a lean fleet and stay afloat.
GE Health plans mfg hub in India
Medical technology giant GE HealthCare plans to scale up manufacturing in India and has chosen the country as part of its strategy to diversify beyond China, a top executive said.
Offshore properties may face scrutiny
Real estate assets hidden abroad may come under scrutiny after a global framework of real-time data sharing by national authorities takes effect, marking the next frontier in governments’ efforts to combat tax evasion and money laundering.
Apple Unveils iPhone 15 With 48-Megapixel Camera
Apple Inc. on Tuesday unveiled a new iPhone 15 with a brighter display and a 48-megapixel camera as well as 100% recycled cobalt in its battery, amid a global smartphone slump and problems with sales in China.
US Open: How Djokovic Is Rewriting Tennis History
After winning three majors, reaching the finals of Wimbledon and reclaiming the World No.1 spot, Djokovic is the master of his universe
Ryder Cup preview: Why golf's gentle game’ days are over
Not all Ryder Cups are gracious affairs. The upcoming edition of the bi-annual event in Rome is certain to be a slugfest
May the twain meet: Look East as much as West for Indian exports
India’s West-oriented export thrust is welcome but it would be pragmatic not to lose focus on the booming Asia Pacific region
Our EV subsidy policy is due for a full overhaul
Carbon compression is a valid goal for state intervention, sure, but a close look at the recent instability in India's market for electric vehicles should nudge us to rethink our approach
THE PRESSING NEED FOR STANDARDIZATION IN SECURITIES MARKET DISCLOSURES
The laws do not bestow on shareholders of a company an inherent right to participate in its management; it is the board with which governance and oversight of management is entrusted.
FIRE: How Indians achieve financial independence
Four people relate their experiences about financial independence and retirement plans
Checkpoints, university purges mark anniversary of Iran protests
Snap checkpoints. InterS net disruptions. University purges. Iran’s theocracy is trying hard to both ignore the upcoming anniversary of nationwide protests over the country’s mandatory headscarflaw and tamp down on any possibility of more unrest.
Google didn't play by the rules, says US as anti-trust trial begins
The US argued on Tuesday that Google did not play by the rules in its efforts to keep its dominance in online search, as a trial seen as a battle for the soul of the internet got underway before a federal judge in Washington.
Libya floods toll tops 2,300, with thousands still missing
Floodwaters broke through dams and smashed through the city of Derna, washing away entire neighbourhoods
RBI rule change leaves many AIFs in the lurch
Changes to Form INVI have halted many new, follow-up investments
Building narrow Al models for specific uses: HCLTech
HCL Technologies is seeing a steady rise in enterprise demand for generative AI (artificial intelligence), as well as cloud deployment and expansion of 5G.
Single-screen cinemas look at long-term survival amid windfall of hits
Single-screen theatres in India are heaving a sigh of relief with a recent stream of mass market movies keeping the tills ringing. But they are still looking to expand into multiplexes well aware that such strokes of luck don’t last.
SpiceJet clears 100 crore dues to ex-promoter Kalanithi Maran
SpiceJet Ltd on Tuesday said it paid ₹100 crore to Sun Group chairman and former promoter of the airline Kalanithi Maran, according to the direction of the Delhi high court on the arbitral award.
Kapoor to pay 50 lakh in 6 weeks: SAT
In an interim order on Tuesday, the Securities Appellate Tribunal (SAT) has directed Rana Kapoor, former Yes Bank managing director, to deposit ₹50 lakh within six weeks in a case involving alleged mis-selling of additional tier-1 (AT-1) bonds.
Vedanta should buy parent's African copper biz: Agarwal
Anil Agarwal, the mining tycoon, has suggested that his publicly traded company Vedanta Ltd acquire Konkola Copper Mines from parent Vedanta Resources Ltd, which has regained control of one of the world’s largest copper mines from the Zambian government.
Banks look for CXOS on contract to slash costs
Leading Indian banks are increasingly hiring contract staff, including C-suite executives and have reached out to headhunting firms in their efforts to lower employee cost, said three people in the know.
Small borrowers stay clear of sanctioned loans as rates rise
Small borrowers or those with loans of up to *2 lakh have started to utilize less S of their sanctioned credit limits after December as interest rates rose, indicating a reluctance to take on additional debt.