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Data that powers AI is disappearing fast

For years, the people building powerful artificial intelligence systems have used enormous troves of text, images and videos pulled from the internet to train their models.

Israeli occupation of Palestinian territory breaches int'l law: ICJ

Israel should end its \"unlawful\" occupation of large parts of the Palestinian territory, the United Nations' top court said in a legal opinion.

Foreign banks emerge largest debt investor

Foreign banks have emerged as the largest investors, with their investments exceeding the value of net inflows into JP Morgan index-eligible bonds, according to the state of the economy report by the Reserve Bank of India.

Need unambiguous, clear focus on inflation: Das

Guv says RBI's target is inflation, not a neutral rate of interest

Deposits remain preferred saving instrument but equity gains steam

RBI paper says investment funds' share up over 50% between FY12 and FY23

Govt sets up 22-member panel for base-year revision

Committee will revise price indices such as consumer, wholesale, retail and producers

Agri exports decline 3% on Red Sea crisis

India's agriculture exports contracted 3 per cent to $5.88 billion during the first quarter of the financial year due to major 'global headwinds and tight domestic supply conditions'.

Sanjeev Krishan re-elected PwC India chairman

PwC India announced on Friday that Sanjeev Krishan (pictured) has been re-elected as its Chairperson for a second straight term.

Exports to top 10 nations outpace overall numbers

Increase 16.5% compared to 5.8% in total export

Five new Bills listed for Budget session

Will see tabling of the Economic Survey on Monday

Upstream oil cos bat for tweaking tax regime

Oil and gas firms in the exploration and production (E&P) sector have sought a broad reduction in the tax levied on older oil blocks and exemption from customs duty on a larger set of imports in pre-Budget discussions.

'Dire need to double allocation for agri R&D'

Just days before the Budget, the quarterly bulletin by Indian Council for Research on International Economic Relations (ICRIER) arm Agriculture Policy, Sustainability, and Innovations (APSI) has underscored the dire need to double the current budgetary allocation for agriculture research and development (R&D) in order to broaden its impact.

Paytm loss widens in Q1

Fintech firm One97 (OCL), Communications which owns Paytm brand, on Friday said its loss has widened to 839 crore in the quarter ended June 30, due to the continued impact of restrictions on Paytm Payments Bank Ltd.

Sebi issues show-cause notice to Paytm on ESOPS

Capital markets regulator Securities and Exchange Board of India (Sebi) has issued a show-cause notice to Paytm, questioning the fintech major's move to grant 21 million Employee Stock Options (ESOPs) to its founder and CEO Vijay Shekhar Sharma in financial year 2021-22 (FY22).

BPCL net slumps 73% on lower margins

State-owned oil marketing company (OMC) BPCL on Friday reported a consolidated net profit of 2,841.5 crore in the April-June quarter (Q1) of FY25, recording a 73.2 per cent dip compared to 10,644 crore in the corresponding quarter of FY24.

Jio Platforms net up 11.7%, Arpu unchanged

Jio Platforms Ltd (JPL), which runs India's largest mobile network operator Reliance Jio, on Friday reported a 11.7 per cent year-on-year (Y-o-Y) increase in net profit to ₹5,698 crore for the first quarter (April-June) of financial year 2024-25 (FY25) on robust subscriber growth.

Wipro profit beats estimates, rises 5.2%

Bengaluru-based IT services major Wipro posted a net profit of ₹3,036.6 crore for the first quarter of the current financial year (FY25), up 5.2 per cent from the year-ago period.

Dip in sales realisation mutes UltraTech net profit at ₹1,696 cr

UltraTech Cement, the country's largest cement maker, on Friday reported a flat net profit for the first quarter of financial year 2024-25 (Q1FY25), a period marked by weak demand which the firm attributed to completion of key infrastructure projects and election lull.

JSW Energy profit soars 80% on renewables boost

JSW Energy on Friday posted an 80 per cent jump in its net profit at ₹522 crore in the April-June quarter, mainly due to higher profitability in thermal business and incremental contributions from renewables.

Reliance Retail profit flat in Q1, Ebitda grows on store expansion

Company adds 331 new stores and records footfall at 296 million across formats, up 18.9%

JSW Steel net drops 64%, misses estimates

JSW Steel on Friday reported a 63.9 per cent year-on-year (Y-o-Y) decline in the consolidated net profit to ₹845 crore for the June quarter of 2024-25 (or Q1FY25), on the back of lower realisation, inventory losses and planned shutdown costs.

Microsoft global outage disrupts aviation in India

Other services in the country largely unaffected

₹35,000 cr electronic parts PLI plan afoot to give sub-assemblies a legup

The Ministry of Electronics and Information Technology (Meity) is ready to allocate over 35,000 crore to the proposed production-linked incentive (PLI) scheme for electronic components, in a bid to transform India into a global hub for sub-assemblies, a senior official disclosed.

RIL profit drops 5.5% on weak showing by oil-to-chemicals biz

Misses Q1 earnings estimates despite gains in consumer, upstream segments

Greentech demand, supply constraints may fuel silver's bull run

Silver has been among the bestperforming asset classes yearto-date, outperforming gold.

Pricing, weak product mix may hit Asian Paints

Some brokerages have reduced target prices after muted Q1 showing

Multiple triggers ahead for affordable housing finance companies

Mortgage finance remains a structural growth opportunity in India with a policy focus on affordable housing, housing shortages, low mortgage penetration, and rising incomes as drivers.

Negative surprise on fiscal deficit unlikely in Budget'

The Reserve Bank of India (RBI) is expected to announce two 25 basis points (bps) rate cuts in the current financial year (FY25), according to AMIT TRIPATHI, CIO - Fixed Income Investments, Nippon India Mutual Fund. In an email interview with Abhishek Abhishek kumar, Tripathi says the central bank may ease the rates further in the next financial year. Edited excerpts:

Are global financial markets ready for Trump trade?

From higher import tariffs, trade restrictions with China, possible scrapping of Joe Biden's policies on renewable energy and electric vehicles (EVs), Donald Trump, according to reports, has made his intent clear on what he plans to do in case he gets elected to the White House later this year.

Milky Mist gears up for ₹2K cr IPO

Erode-based paneer to icecream maker Milky Mist is poised to tap into the public markets for an initial public offering (IPO) to fuel its expansion plans, a senior company executive said.