CATEGORIES

Global telecom body to prioritize int'l standards on DPI, AI after India push

The World Telecommunication Standardization Assembly (WTSA 2024) has adopted two key resolutions proposed by India on digital public infrastructure (DPI) and artificial intelligence (AI).

Power Grid, Indian Bank raise ₹5K cr each in single day

State-owned Power Grid Corporation of India Ltd (PGCIL) on Thursday raised ₹5,000 crore by selling 10-year bullet bonds at a coupon rate of 7.08 per cent.

IndusInd net profit falls 40% to ₹1,331 cr

A rise in provisions led to a 39.5 percent year-on-year (Y-o-Y) decline in IndusInd Bank's net profit to ₹1,331.29 crore for the second quarter of the current financial year (Q2FY25).

Business activity rises in Oct, job creation improves: PMI data

The private sector economy picked up slightly in October after softening last month as manufacturing reported stronger demand, according to a survey that also showed job creation rose at the fastest pace since February 2006.

Expect some clarity on MTNL resolution this quarter

UCO Bank is planning to raise up to ₹2,000 crore through qualified institutional placement (QIP) in the December quarter to meet minimum public shareholding (MPS) norms.

80 FLIGHTS GET THREAT

Share data on hoax bomb calls, govt tells X, Meta

FinMin to review PSBs co-lending, MSME credit

DFS secy M Nagaraju to chair meeting on November 5

Centre, states to review labour code rollout at Dec meet

For rolling out the four new labour codes and discussing labour-welfare policies, the Union labour ministry is likely to convene a meeting with the labour ministers of all the states and Union Territories (UTs) in early December to gauge their preparedness, sources said.

RBI turned down request to appoint ex-CBI official on board: Religare

Religare Enterprises, a financial services firm, has disclosed that the Reserve Bank of India (RBI) turned down its application to appoint Rakesh Asthana as its whole-time director in May this year without citing any reasons.

Sitharaman for deeper global dialogue on debt

FM calls for sustainable financing, MDB reforms at global roundtable

FWA users go past FTTH, consume 600 GB data a month

Just over a year after its launch, fixed wireless access (FWA) homes—powered by 5G—are consuming data at unprecedented levels.

AI compute capability likely by mid-2025

The Central government's ambitious India AI mission will finally take off as AI compute capabilities will be available by the mid-year 2025, a senior government official said on Thursday.

Minister urges Airbus to make commercial aircraft in India

Aviation Minister K Rammohan Naidu on Thursday exhorted European aircraft maker Airbus to start manufacturing commercial planes and train helicopter pilots in India.

Vistara planes to replace Air India's on metro-to-metro routes after merger

Vistara's aircraft, having better interiors, will replace Air India's planes on major metro-to-metro routes between Delhi, Mumbai and Bengaluru after the merger of both carriers next month, sources privy to the development said on Thursday.

Develop new tech to make AI safe

JENSEN HUANG, founder and chief executive officer, Nvidia, says India has a big role in exporting intelligence. In a media briefing he speaks of the partnership with Reliance, diversifying its relationship beyond TSMC, and making artificial intelligence (AI) accessible to the masses. Edited excerpts:

India Inc revenue growth in Q2 likely slowest in 4 years

The revenue growth of Indian companies for the July-September quarter is estimated to be 5-7 per cent year-on-year (Y-o-Y), marking the slowest growth in 16 quarters, rating agency CRISIL said on Thursday.

Project stalling rate eases to 12-yrlow

In an indication of a better investment situation, the rate at which private projects are getting stalled has fallen to its lowest levels in over a decade.

Nvidia, RIL join forces to build AI computing infra

American chip firm also expands ties with Infosys, Wipro, TCS and TechM

MF investors bet over ₹17K crore on key equity schemes amid selloff

Demonstrating resilience, mutual fund investors pumped nearly ₹17,100 crore into key equity schemes on a net basis over the past few weeks despite a heavy selloff in the markets.

Blinken Urges Ceasefire In West Asia As Israel Bombs Lebanese Port City

US Secretary of State Antony Blinken pushed on Wednesday for a halt to fighting between Israel and militant groups Hamas and Hezbollah, but heavy Israeli air strikes on a large historic Lebanese port city demonstrated that there was no respite.

Dialogue And Diplomacy Only Way Forward: Modi At BRICS

India believes dialogue and diplomacy are the only way forward to resolve conflicts, Prime Minister Narendra Modi said at the 16th Brics Summit in Kazan on Wednesday.

IIFL Finance posts ₹93 crore net loss

IIFL Finance Ltd reported a consolidated net loss of 93 crore in the quarter ended September 2024 (Q2FY25) as the non-banking finance company (NBFC) made a 100-per cent provision of ₹586.5 crore for security receipts (SRS) in the quarter.

Shiv Sena, NCP release first list for Maha polls

The Shiv Sena and the Nationalist Congress Party (NCP) on Wednesday released their first list of candidates for the November 20 Maharashtra assembly polls.

AI: One earth, one regulatory ecosystem

Artificial Intelligence (AI) technologies, built on predictive and deterministic analysis of large data sets and patterns, transcend geographies.

Institutions for development

Growth is driven by technological dynamism even more than by security for private capital

Arm Holdings to scrap Qualcomm chip design licence

Arm Holdings Plc is cancelling a licence that allowed longtime partner Qualcomm Inc to use Arm intellectual property to design chips, escalating a legal dispute over vital smartphone technology.

Tata AIG eyes 30% CAGR in retail health over 3 yrs

Tata AIG General Insurance on Wednesday said it is aiming to grow its retail health portfolio at a 30 per cent CAGR over the next three years, driven by the expansion of its distribution network and introduction of new riders.

Govt lifts curbs on rice exports; floor price for non-basmati scrapped

Lifting curbs on rice exports, the government on Wednesday removed the floor price for non-basmati rice shipments and exempted parboiled and husked (brown) rice from export duty.

Vedanta Resources raises $300 mn via tap option

Vedanta Resources, the parent firm of Mumbai-based mining conglomerate Vedanta Ltd, has raised $300 million by exercising the tap option on the existing bond issue.

SC opens tap for state regulation of industrial alcohol

In a big victory for states, the Supreme Court (SC) on Wednesday, in an 8:1 majority, upheld the states' right to regulate taxes on industrial alcohol, overruling a 1990 judgment.