CATEGORIES

Urban Indians turning to packaged meals and restaurants

Recent data from the Ministry of Statistics and Programme Implementation (Mospi) and ICICI Securities reveals a notable shift in the spending habits of urban households labelled as belonging to elite backgrounds in the fiscal year 2023 (FY23).

CBRE predicts 15% drop in retail space demand for malls and high streets

The demand for retail spaces in shopping malls and high-street locations is anticipated to decline by up to 15 percent this year, according to real estate consultant CBRE.

CANE FARMERS RECEIVE RS 78K CR FROM SUGAR MILLS IN H1 OF 2023-24 SEASON

Amidst ongoing season operations, mills have substantially met farmer payment obligations, having produced over 300 lakh tonnes of sugar, with payments based on the Centre’s set Fair and Remunerative Price FRP) of Rs 315 per quintal, factoring in recovery rates

Apple's India iPhone production surges to $14 billion in 2024

Apple Inc. has significantly ramped up its iPhone manufacturing in India, assembling devices worth $14 billion in fiscal 2024, according to a report by Bloomberg News.

Maruti Suzuki hikes prices of Swift by up to Rs 25,000, Grand Vitara also affected

In a recent development, India's leading automobile manufacturers has announced a significant increase in the prices of its popular models, including the Swift hatchback and selected variants of the Grand Vitara SUV, with effect from April 10, 2024.

IndiGo soars to third place among global airlines after stock price boom

InterGlobe Aviation, the operator of Indigo airline, has witnessed a remarkable surge in its stock value, reaching record highs on Wednesday.

India, Belgium to speed up on mutually beneficial FTA with EU

India and Belgium on Wednesday reaffirmed their commitment to make progress towards a comprehensive, balanced, fair, and mutually beneficial India-EU Free Trade Agreement (FTA) and enhance India-EU strategic ties during the ongoing tenure of the Belgian Presidency of the Council of the European Union.

REPORT ECHOES INDIA'S CALL FOR MDB REFORM, LAUDS SUCCESS IN FINANCIAL INCLUSION

Investment in India particularly in South Asia, remains strong with the country benefiting from growing interest from multinationals, which see the country as an alternative manufacturing base in the context of developed economies' supply chain diversification strategies, says a new UN report which identifies financing challenges as the heart of the world's sustainable development crisis with as staggering debt burdens and sky-high borrowing costs preventing developing countries from responding to the confluence of crises they face.

Tesla Eyes India Market As Elon Musk Makes Bold AI Prediction

In a recent X Spaces session with Nicolai Tangen, CEO of Norges Bank Investment Management, Tesla CEO Elon Musk emphasized the importance of electric vehicles (EVs) in India, stating that it's a natural progression for every country to embrace them.

SpaceX Launches Tata's Militarygrade Satellite Into Orbit

SpaceX accomplished the successful launch and deployment of the TSAT-1A satellite, a collaborative effort between Tata Advanced Systems Limited (TASL) and Satellogic Inc.

Maharashtra Congress Leader Joins Shiv Sena For 2024 Elections

Ahead of the 2024 Lok Sabha elections, Maharashtra Congress unit leader Raju Waghmare, also a party spokesperson, resigned from Congress and joined the Shiv Sena led by Chief Minister Eknath Shinde.

EU, India To Jointly Promote Start-Ups In Battery Recycling Technologies For EVs

As part of a broader effort A to promote sustainable agenda, foster innovation and forge stronger economic relations between the European Union and India, the EU and India on Tuesday launched an expression of interest (EoI) for start-ups working in the area of battery recycling technologies for electric vehicles (EVs).

Airlines Struggle With Lack Of Planes Ahead Of Summer Travel Surge

The global airline industry faces a summer crunch as travel demand is projected to exceed pre pandemic levels, while aircraft deliveries plummet due to production issues at Boeing and Airbus.

GlobalLogic Announces 'Platform of Platforms' for Enabling Enterprise-Grade AI

Toda Noday, GlobalLogic, a subsidiary of Hitachi Group, unveiled a pioneering Platform-of-Platforms framework aimed at facilitating the implementation of enterprise-level artificial intelligence (AI).

NCP leader Praful Patel: Khadse returning to BJP, sees no future with Sharad Pawar

Former Maharashtra minister Eknath Khadse is set to return to the BJP, citing his longstanding loyalty to the party and a perceived lack of political prospects in the NCP, according to Nationalist Congress Party (NCP) leader Praful Patel on Tuesday.

MAHARASHTRA CONGRESS CHIEF: NO SURRENDER, JUST STRATEGIC RETREAT IN ALLIANCE TALKS

Maharashtra Congress chief Nana Patole clarifies that his party didn’t surrender” but rather stepped back in Maha Vikas Aghadi(MVA) alliance seat-sharing talks

Delhi High Court Seeks Centre's Response On Plea Challenging Suspension Of Wrestling Federation Of India

The Delhi High Court in the case Wrestling Federation of India v. Union of India observed wherein the court sought response of the Union Ministry of Youth Affairs and Sports on a plea challenging the suspension of the Wrestling Federation of India, WFI.

SUPREME COURT SEEKS GOOGLE LLC'S EXPLANATION ON WORKING OF GOOGLE MAPS PIN: SHARING LIVE LOCATION AS BAIL CONDITION

The Supreme Court in the case Frank Vitus v. Narcotics Control Bureau and Ors. observed wherein the question is being involved as to whether sharing of Google PIN with Investigating Officer as part of bail conditions violating the person's right to privacy.

SUPREME COURT: COMMERCIAL TRANSACTIONS OUTSIDE PURVIEW OF CONSUMER PROTECTION ACT 1986

The Supreme Court in the case Annapurna B. Uppin And Ors.Versus Malsiddappa And Anr. observed wherein the complaints is filed seeking recovery of the investment from which the complainant is deriving benefit in the form of interest cannot be entertained under the Consumer Protection Act of 1986.

AFRICAN ECONOMIES TO GROW 3.4 PER CENT IN 2024, SAYS WORLD BANK T C

The report said increased private consumption and declining inflation were supporting an economic rebound in Sub-Saharan Africa

For equipment upgrades, China eyes fresh $69 bn credit in tech sector

The Hong Kong-based 'South China Morning Post' (SCMP) newspaper, China has unveiled a plan to reintroduce two relending mechanisms previously utilized to mitigate the economic effects of Covid-19.

DUE TO SCALE-DOWN OPERATIONS, VISTARA FARES RISE BY UP TO 25% ON MAJOR ROUTES

Just ahead of the peak summer travel season, travel industry insiders reported a surge of approximately 20-25% in fares across key routes such as Delhi-Goa, Delhi-Kochi, Delhi-Jammu, and Delhi-Srinagar, said in a news report..

Air India addresses fabric issues in new cabin crew uniforms

According to insiders, Air India has received feedback regarding the new cabin crew uniforms, including concerns about fabric quality.

Godrej Properties' FY"24 sales reach the Rs 22,500 crore milestone

Realty firm Godrej Properties on Tuesday reported a 84 per cent increase in sales booking to a record Rs 22,500 crore in the last financial year, on higher volumes amid strong consumer demand for residential properties.

UP GOVT LIKELY TO LAY FOUNDATION STONE OF FILM CITY PROJECT AFTER LS POLLS

As per the real estate consultancy firm CBRE, the development of the first phase of International Film City in Noida is expected to generate direct and indirect employment for 10,000 people.

Govt starts buying chana from farmers at minimum price, assures stable production

The Central government has given its nod for the procurement of 1.39 lakh tonnes of Bengal gram (chana) from Karnataka during the 2023-24 rabi season under the Price Support Scheme (PSS), announced Union Minister Shobha Karandlaje on Thursday.

Govt extends date for submission of R&D proposals

The Government has extended the deadline for submission of proposals related to R&D scheme under the National Green Hydrogen Mission.

EXPECTATION OF BETTER DEMAND CONDITIONS IN Q1 FY25 LIFTS MANUFACTURERS' SENTIMENTS

The business expectations index of the survey remains firmly in growth terrain at 127.2 in QI of 2024-25.

Pakistan To Adopt National Fiscal Policy Amid Bailout Talks With IMF, Says World Bank

An mid the staggering Economic crisis in Pakistan, the World Bank has asked Islamabad to adopt a national fiscal policy by aligning federal and provincial spending with constitutional mandates, merging various federal and provincial revenue agencies into a single general sales tax (GST) collection agency, and effectively taxing agriculture, capital gains, and real estate in the next fiscal year's budget, Dawn reported on Monday.

OpenAI Transcribed Google's Youtube Videos To Train AI Models, Says Report

ОpenAI transcribed more than one million hours of YouTube videos to gather training data for its advanced GPT-4 model, disregarding copyright regulations set by the Google-owned platform.