CATEGORIES

Exporters face rising costs as ships avoid Suez Canal

Indian exporters are staring at a rise in shipping costs as freight lines are forced to avoid the Suez Canal and take a longer route around Africa to reach the West following tensions in the Red Sea.

Another 49 Opposition MPs suspended from Lok Sabha

Total 141 Opposition members suspended from Parliament—95 from LS and 46 from RS

Government to start crediting PLI sops for auto cos in FY25

The government will start crediting incentives under the ₹26,000 crore production-linked incentive scheme for automobiles and auto components from the next fiscal year, Union Minister for Heavy Industries Mahendra Nath Pandey said in a written reply to Parliament on Tuesday.

Google to pay $700 million in Play app store case settlement

Alphabet's Google has agreed to pay $700 A million and to allow for greater competition in its Play app store, according to the terms of an antitrust settlement with US states and consumers disclosed on Monday in a San Francisco federal court.

Aussies sparkle with mega deals at IPL auction

Cricket world champs Australia had much to crow about on Tuesday, as their star fast bowlers Mitchell Starc and Pat Cummins racked up record bids to enter new franchises at the 17th auction of the Indian Premier League (IPL) being held in Dubai's Coca-Cola Arena.

RBI cuts off lenders from loan evergreening via AIFs

The Reserve Bank of India (RBI) has clamped down on lenders ever greening loans through the use of alternative investment funds (AIFS), a practice previously red-flagged by the stock market regulator.

Softer global oil price cuts windfall tax collections

India's windfall tax mop-up from crude oil and auto fuels has slipped due to a combination of lower energy prices and falling domestic production, official data showed.

Tatas may control Jamshedpur admin as state gives nod

Jamshedpur, India's first planned city built by Tata group founder Jamshedji Tata, may finally come under administrative control of the Tatas, clearing a decades-old legal cloud over the place where India's first steel mill stands.

Wilful default may be stopped earlier

New RBI rules to let banks give early hearings to borrowers

'AI Can Create More Jobs Than It Likely Eliminates'

Outgoing Tech Mahindra CEO insists skilled people will not be replaced

Why Diversification Is Still The Best Game For India's Retail Investors

It ensures that retail investors will be in a position to benefit from any asset class doing well or limit any losses

X Becomes 1st Target Of EU's Digital Services Act

The probe follows EU's warning to X over its handling of harmful content

Jobs Play A Significant Role In Our Paths Of Economic Development

Aims of output growth and equity both require a jobs-centred approach and services hold potential for gains on this score

AI Powerful Tool For Hackers: Hidary

Speaking at the Mint AI Summit, Jack Hidary, CEO of Palo Alto-headquartered practical AI and quantum tech developer Sandbox AQ, said AI was a powerful tool in the hands of hackers, as they could use it to breach firewalls.

Beat the holiday blues with little acts of kindness

Be your own cheerleader. Take the time to celebrate festivals for yourself even if you are far from family

Can 3D food printing help improve our diet?

In the next few years, 3D food printing could be used to design customised meals based on specialized dietary requirements

Avoid sending out mixed signals on farm reforms

Recent interventions by the government distort agricultural markets that are in need of a renewed push for reforms. Consult farmers and go for greater market orientation, not less

INSIDE THE MAKEOVER OF A TEMPLE TOWN

Infrastructure and real estate projects around the Ram temple in Ayodhya have picked up pace

Nasdaq drops Zoom in sign Covid-era darling trade is over

The move comes days before the central bank is set to announce any adjustments to the rate on one-year policy loans

In a first, govt directs rice sector to cut domestic prices

Sufficient good quality rice is available under the OMSS to traders, the govt said

More use cases for better outcomes

Bhashini, the Centre's national language database and services platform, is showcasing beta-stage deployment of multi-model generative AI services.

AI to help bridge digital divide: Neeraj Mittal

Alongside regulation, issue of standards takes centrestage, says telecom secy

Japan's Nippon to acquire US Steel in $14 billion deal

Purchase will create world's second-largest steel company, and biggest outside of China

BookMyShow reveals India's cinematic frenzy in 2023

Mumbai, Hyderabad, Delhi-NCR, Bengaluru, and Chennai took the lead in entertainment attendance

Indian directors of DQE's Irish arm face fraud charges

An Irish court has ruled that three Indian A directors of Hyderabad-based DQ Entertainment International Ltd's local subsidiary knowingly engaged in business activities with the intent to defraud creditors or for other fraudulent purposes.

Indian art paints a pretty picture

Indian art is having its moment in the sun. British auction house Christie's said while announcing its year-end results, that in an auction this September in New York, it sold 96% of all lots for the modern and contemporary south Asian art and 60% of its buyers were from India. It also had a white-glove sale in March which was dominated by Indian artists.

Biocon Biologics integrates Vitaris' biosimilars business

Viatris' biosimilar brands will now be marketed by the Biocon Biologics teams, to ensure business continuity

Crisil downgrades Bandhan Bank's NCDs

Rating agency Crisil has downgraded the non-convertible debentures (NCDs) of Bandhan Bank owing to the delay in improvement of its asset quality and profitability to pre-covid levels.

Dairy Milk maker amps up rural play in India

Better road network, rural electrification help Mondelez expand footprint

Big currency flop of 2023 is top pick for year ahead, again

Three straight years of outsized declines in the yen look set to end in 2024. That's the view of market participants polled by Bloomberg, who on balance see the currency rallying next year as the Bank of Japan exits the world's last negative interest rate regime and its global peers cut borrowing costs.