CATEGORIES

Modi hails progress in US-India ties in address to US Congress

Prime Minister Narendra Modi said the momentous progress in America-India (AI) ties surpassed the remarkable advances in artificial intelligence (AI) in the seven years since his last address to the US Congress.

'MPC's inaction may drive real rates over 1.5%'

The Reserve Bank of India’s monetary policy is excessively tight as the optimal real rate is probably closer to 1% than 1.5%, said Jayanth Varma, an external member of the monetary policy committee (MPC).

Blacklist vendors who offer bribes, say recruiters

Leading Indian recruiters have demanded stricter audits and blacklisting of companies that offer bribes for job placements.

Micron India plant to make chips next year

The first semiconductor chip from US-based Micron Technology Inc.’s plant in India will roll out by December 2024, said Ashwini Vaishnaw, minister for railways, electronics, IT and telecom.

Adani shares plunge on US probe news

US is investigating Adani’s statements to investors, report said

India's data deficiencies could explain its heat complacency

The country still lacks reliable figures on lives lost to heat waves

The Digital India Bill should help us fight against gender injustice

Upcoming legislation for the digital realm could provide an internet-age framework of governance to secure the vulnerable

Artificial music will not come to rule our hearts

Artificial intelligence can enrich but not subvert music as we know it, which at its true best is a poetic endeavour of human emotion, enterprise and originality. Trust poetry to prevail

How can I reduce premium of medical insurance cover?

Answers to all your insurance related questions

Search for missing sub finds debris field

A \"debris field\" has been discovered underwater by an robot searching near the wreck of the Titanic for a missing submersible with five people on board, rescuers said Thursday.

'Sans minority rights, India may pull apart'

Former US president Barack Obama said Thursday that India risks \"pulling apart\" if the Muslim minority is not respected, calling for the issue to be raised with Prime Minister Narendra Modi.

BOE outpaces peers with rate rise of half percentage point

The central bank seeks to curb the highest inflation rate in the Group of Seven wealthy countries

'Smart visas key to growth for tourism'

Initiatives such as smart visas and a strategic focus on destination marketing campaigns such as Incredible India play a vital role in attracting a greater number of global tourists to India, said Julia Simpson, president of World Travel and Tourism Council.

Temasek to lead Ola Electric's $350 mn fundraising round

Singapore’s Temasek will lead a $300-$350 million round in Ola Electric, a portfolio firm with an infusion of $100- $150 million, people with direct knowledge of the matter said. The deal is in the final stages of due-diligence, the people added.

Dilemma for film makers as top stars eye digital pound of flesh

Film producers, already grappling with the repercussions of box office disruption and changing audience preferences due to the pandemic, now face an additional challenge.

MPC split on future rate actions

Members of the central bank’s monetary policy committee (MPC) held differing views on future rate actions, according to the minutes of the latest meeting released on Thursday.

Firm backed by Vikram Solar to invest $1.5 bn in new US factories

A new venture backed by Indian solar panel maker Vikram Solar Ltd said on Thursday it will invest up to $1.5 billion in the US solar energy supply chain, beginning with a factory in Colorado next year.

Merc India sales of top-end cars surge 107% in March qtr

Stuttgart-based luxury car manufacturer Mercedes Benz India witnessed 107% growth in top-end vehicle sales in the January-March period.

Micron to set up $2.75 billion India chip assembly facility

Applied Materials to invest $400 million to build engineering centre in Bengaluru

Nvidia now tops Tesla as ESG funds ratchet up exposure to AI

Nvidia Corp.'s stratospheric ascent has lured at least 100 more ESG funds in recent weeks, transforming the company into one of the most popular stocks among asset managers who integrate environmental, social and governance metrics into their investment strategies.

Cyient DLM to launch IPO on 27 June at ₹250-265 per share

Electronic manufacturing services firm Cyient DLM Ltd on Thursday said it has fixed a price band of ₹250-265 per share for its initial public offering (IPO), which will open for subscription on 27 June.

Bitcoin rally pauses near $30,000 level

A Bitcoin rally moderated near $30,000 as investors assessed a flurry of US applications to start exchange-traded funds (ETFs) investing in the token's spot market, products American regulators have so far resisted.

Mumbai Angels invested ₹80 cr in 66 deals in FY23

Investment platform Mumbai Angels on Thursday said it has invested more than ₹80 crore (nearly $10 million) across 66 deals in the financial year ended March 2023, with an average deal size of ₹1.2 crore (nearly $150,000).

'Residential segment will remain lucrative'

ASK Property Investment Advisors (ASK PIA), the real estate private equity arm of the ASK group, recently closed its sixth fund at ₹1,500 crore, with an aim to focus on debt funding opportunities in the residential property segment.

Reservoir levels dip, adding to worry over rain delay

An 8% on-year drop in the key reservoir levels across the country has raised concerns over drinking water and cattle amid a weak and delayed southwest monsoon. However, kharif crops sowing is not that alarming.

Govt taps AI to enhance remote healthcare service e-Sanjeevani

The Central government's national telemedicine service, commonly known as e-Sanjeevani, is being enhanced by leveraging artificial intelligence to improve its delivery of services.

Fitch ups India's growth forecast to 6.3%

Fitch Ratings on Thursday raised its FY24 growth forecast for the Indian economy to 6.3%, citing strong growth in the April-June quarter so far and sustained near-term momentum.

Taxman sets out rules to switch between old, new filing regimes

The new personal income tax regime, introduced in 2020, was modified to make it more attractive for taxpayers.

Heavier packs signal end of shrinkflation

Packs of soaps, snacks, and cookies are gradually turning heavier as companies benefiting from cheaper inputs pass on the benefit without making direct price cuts.

Bribes-for-jobs scandal rocks TCS, four sacked for corruption

Tata Consultancy Services Ltd, which added about 50,000 people on average annually in the past three years, has been rocked by a scandal after the technology major discovered that a few senior executives entrusted with hiring thousands of critical personnel accepted bribes from staffing firms, compromising the recruitment process.