CATEGORIES
Centre eyes recovery of tax arrears amounting to ₹46.57 tn
To put the numbers in perspective, the total outstanding is around 14% of India's GDP
Xi Jinping Muzzles Chinese Economist Who Dared to Doubt GDP Numbers
Gao Shanwen questioned Beijing's ability to boost its economy as threats loom from a property meltdown, burgeoning debt and other challenges
ONGC chooses BP to boost Mumbai High's production
The field currently produces around 1,32,265 barrels of oil and around 13 billion cubic metres of gas per day
Strong Board Can Enforce Digital Privacy Laws: Experts
DPBI Needs Skilled Technical and Legal Professionals, as Well as Institutional Independence
Investment a barrier to foundational AI entry, says Nadella
India must get into frontier work in artificial intelligence (AI) and build foundational models, but investment is a real entry barrier and just one mathematical breakthrough can change entire dynamics, Microsoft chairman and chief executive Satya Nadella said in New Delhi on Wednesday.
Govt orders airlines to share weather data with IMD
With new airports coming up, IMD could have access to data from a wider geographical region
China factor a headwind for pvt investments: Sanjiv Puri
China's surplus capacity is dampening Indian business' spirit for adding further production capacity, according to Sanjiv Puri, president of Confederation of Indian Industry (CII).
Agarwal buys iconic Riverside studio
The founder and chairman of Vedanta Group Anil Agarwal is the new owner of the iconic Riverside Studio in London, announced a press release on Wednesday.
Foxconn, Dixon Urge India to Pay Pending Subsidies
Apple Inc. supplier Foxconn Technology and Dixon Technologies India Ltd. have asked India to pay them billions of rupees in subsidies they think they are entitled to under the government's production incentives programme.
Green hydrogen hub work begins
Prime minister Narendra Modi on Wednesday laid the foundation stone of NTPC Green Energy Ltd's (NGEL) green hydrogen hub at Pudimadaka near Visakhapatnam, Andhra Pradesh, among several other infrastructure projects in the state.
Cygnett eyes ₹300 cr in FY25 sales, to open 15 hotels next yr
Cygnett Hotels & Resorts aims to close FY25 with ₹300 crore gross revenues, driven by new management contracts, founder and managing director Sarbendra Sarkar said.
UBL suspends beer supply to Telangana over price row
The beer maker cited frozen prices, unpaid dues and 40% rise in production costs since 2019
Box-office performance dictating OTT release schedules
OTT platforms typically schedule films in advance as standard norm, but now have to adapt to flexible release windows
Fashion biz and margins Nykaa's weak spots, beauty shines
Dull tone Nykaa's gross merchandise value growth has been relatively slower in recent quarters.
Rupee falls 17p to a new low of 85.91 against US dollar
The rupee extended its slide for the second straight session and declined 17 paise to hit a fresh record low of 85.91 against the US dollar on Wednesday amid higher crude oil prices and stronger American currency.
Sebi Tightens Rules for Advisers, Analysts
The market regulator tightened rules for independent advisers and research analysts by imposing deposit requirements and restrictions on the scope of advice to enhance transparency and protect investors.
Defence stocks get reality check
Sluggish
New RBI chief faces calls to unshackle rupee as dollar rises
India's new central bank head faces a tough decision on managing the rupee's exchange rate—focus on squeezing volatility like his predecessor did, or respond to calls for more flexibility as the dollar continues to surge.
Govt considers lifting ban on trade in seven crop futures
The government is considering revoking a three-year ban on futures trading in seven farm commodities, including wheat and unprocessed rice, after studies found the steps were counterproductive, according to a person with knowledge of the matter.
South Park Commons Plans India Fund
South Park Commons (SPC), a California-based technical community for startup founders, is raising $40 million (about ₹340 crore) for an India-focused fund to invest in early-stage ventures.
Avendus launches third pvt credit fund
The asset management arm of Avendus Group, Avendus PE Investment Advisors, on Wednesday launched its third private credit investment vehicle targeting to raise more than double the capital secured for the last vehicle, with the first close expected next month, VCCircle has gathered.
Target global chip shifts, not self-sufficiency: Chris Miller
The Chip War author batted for strategic focus on diversification of global tech innovation
hBits Plans to List Its Maiden SM REIT Asset
Fractional ownership platform hBits Proptech Pvt. Ltd, which allows retail investors to invest in rental income-generating properties, is set to float a small and medium real estate investment trust (SM REIT) by February, a top executive told VCCircle.
India to simplify tax filing rules in budget
The government plans to simplify income tax filing rules to make it less tedious for taxpayers to comply with the law and help cut down on disputes that have ballooned to more than $120 billion over the past decade.
Why farm growth held up as other key sectors slowed down
India's farm economy, which employs nearly half the population, is forecast to outperform other key sectors during 2024-25, but the expansion is partly due to a so-called base effect, analysts said on Wednesday, a day after the release of full-year official estimates of gross domestic product (GDP) growth.
India Eyes Intra-State Linking of Rivers to Combat Drought and Floods
India's water crisis is a tale of extremes—while some regions battle floods, others face parching droughts.
Gold import revision trims Nov's record trade deficit by $5 billion
India's record trade deficit for November has been revised downward to $32.8 billion from $37.8 billion, after the government made a sharp correction in gold import data.
PMO Working on Blueprint to Industrialize North India
The govt is focusing on bridging the North-South divide by pushing investment in the North
Kick off the new year with fresh games
Despite a typical slow pace, Jan 2025 features several new game releases
A flagship to challenge most top smartphones in 2025
The vivo X200 Pro may emerge as the camera phone to beat in 2025. What else does the flagship have going for it?