CATEGORIES

MFs bet on EV sector, line up auto funds

Mutual funds (MFS) are launching schemes in the automobile space, catching on to the bull run in the sector and growing adoption of electric vehicles (EVs).

Superbugs in space

A constellation of panicked headlines recently danced across our screens: \"Sunita Williams in danger?\", \"Trouble for Sunita Williams, crew\", \"Sunita Williams 'bugged' in space\", and so on.

What the tribals fear

How afraid are tribal communities in India that the Uniform Civil Code (UCC) will marginalise their identity? Judging by the results of the Lok Sabha election, it is not an easy question to answer.

Indian banks are strong enough to support growth

Close to a decade ago, India's regulators, along with banks, teamed up to launch a surgical strike on asset quality issues plaguing the banking sector post the global financial crisis.

Modi 3.0, T&C apply

A changed reality for Modi govt in its 3rd innings is by no means rise of a new phenomenon. It's a return to old normal where even majorities had to routinely wrestle with storied million mutinies

It can happen only in Japan - YES, BUT...

So, there is a street in Kunitachi, a district of western Tokyo, called Fujimidori-Street With a View of Mount Fuji.

Trump promises green cards for foreign grads

Softening his stance on immigration, former US President Donald Trump has promised to give automatic green cards to foreign students who graduate from US colleges to prevent them from returning to their home countries like India and China where they become multibillionaires.

Biden raised $85 mn in May, still behind Trump's haul

President Joe Biden's campaign raised $85 million in May, falling short of the total raised by Republican rival Donald Trump for a second straight month, a troubling development for the incumbent before their November rematch.

We need to talk but Ukraine must be on agenda: Russia to US

Russia sees a pressing need for security talks with the United States but they must be \"comprehensive\" and include the subject of Ukraine, the Kremlin said on Friday.

Veteran tech investor trims Nvidia stake on biz risks

Paul Wick of Seligman Investments has been trimming his holdings of Nvidia Corp in recent weeks after questioning earnings growth prospects at the stock market darling.

Amazon mulls $5-10 monthly fee for Alexa service

Amazon is planning a major revamp of its decade-old money-losing Alexa service to include a conversational generative AI with two tiers of service and has considered a monthly fee of around $5 to access the superior version, according to people with direct knowledge of the company's plans.

18th LS set for combative first session

The ruling Bharatiya Janata Party (BJP)-led National Democratic Alliance (NDA) government on Friday accused the Opposition, especially the Congress, of \"spreading lies\" and \"misleading\" people by stoking controversy over the naming of Bhartruhari Mahtab as pro-tem Speaker of the 18th Lok Sabha.

HC halts trial court bail to Kejriwal; order next week

Court says it is reserving the verdict for 2-3 days to go through entire records

External members make strong case for rate cut: MPC minutes

Two external members of the sixmember monetary policy commit☐ tee (MPC) of the Reserve Bank of India (RBI) have made a strong pitch for cutting the policy repo rate, held at 6.5 per cent since February 2023, minutes of the June meeting released on Friday showed.

Engage NSC more actively for timely surveys: Chiefto govt

The government should more actively engage the National Statistical Commission (NSC) to ensure the robustness and timeliness of surveys, NSC chairman RL Karandikar said on Friday.

SBI: ₹26 trn of economy formalised in FY16-FY23

India has formalised 26 trillion of its economy between FY16 and FY23, as the share of the informal economy fell to 23.7 per cent from 25.9 per cent during the seven-year period, according to a report released by the State Bank of India (SBI) on Friday.

New NPS scheme on anvil

The Pension Fund Regulatory and Development Authority (PFRDA) is set to launch a new National Pension Scheme (NPS) which will allow subscribers to keep 50 per cent of their investment in equity funds until a higher age limit of 45 years.

Share of crops dips; livestock & fishing up in agri GVO: NSO

The share of crops in the gross value of output (GVO) of agriculture and allied activities has seen a drop of 8 percentage point, while the portion of livestock, fishing, and aquaculture has seen a substantial jump between 2011-12 and 2022-23, a report from the National Statistical Organisation (NSO) says.

Cyber commandos may make debut this Budget

Home ministry also working on launching mobile app for reporting cybercrime

Farm bodies for higher agri R&D spend, more PM-KISAN allotment

Agriculture experts, who met Finance Minister Nirmala Sitharaman during preBudget consultations on Friday, called for enhancing PM-KISAN support to ₹8,000 per year from the existing ₹6,000, more funds for agriculture research and transfer of all subsidies to farmers through direct benefit transfer (DBT).

Exempt us from 45-day payment rule or extend deadline: MSMEs

Trading, food and garment industry on Friday met Union Finance Minister Nirmala Sitharman during the pre-budget consultations.

Erratic rainfall brews challenges for North India tea output, prices up

Erratic rainfall has affected tea production in North India, pushing up prices.

Less time for tech tweaks likely behind BBPS issue

A shorter window to comply and delayed prioritisation of technology systems may have hindered banks' efforts to comply with the Bharat Bill Payment System (BBPS) interface.

Easing inflation no respite for people's financial woes: Kantar

Almost a third of India is under \"severe A financial stress\" and consumers are finding it difficult to manage their expenses though inflation has eased, said a new report by Kantar on Friday, adding the rural market was a \"bright spot\".

Google pauses plan to levy service fee on real-money gaming apps on PlayStore

Tech giant Google on Friday announced its decision to pause its experiment aimed at expanding the number of realmoney gaming (RMG) apps on its Play Store in countries without a central licensing framework.

India tech stack will help stimulate growth: Paranjpe

HUL executive chairman says FMCG continues to be strong in India

'Managed this fundraise because of business performance'

After raising $665 million in this year's largest funding round, at a valuation of $3.6 billion, quick commerce major Zepto is gearing up for an initial public offering (IPO). AADIT PALICHA, co-founder and chief executive officer (CEO), tells Aryaman Gupta in a video interview that the company is close to turning profitable, even as it looks to expand into newer markets. Edited excerpts:

SoftBank signs indemnity clause over Unicommerce 'promoter' tag

SoftBank has entered into an indemnity agreement with Snapdeal founders Kunal Bahl and Rohit Bansal - after markets regulator Securities and Exchange Board of India (Sebi) classified the Japanese investment major as the \"promoter\" of IPO-bound Unicommerce eSolutions.

Rising China imports powering India's electronics output

The expansion of India's electronics production is becoming increasingly dependent on imported components from China and Hong Kong, especially key products such as PCBs, micro assembly, semiconductor devices, LEDs, integrated circuits, and capacitors.

Arcelor-Nippon pushes back against raw material import policy

ArcelorMittal's India joint venture has privately warned trade officials in New Delhi that a plan to curb imports of a key raw material for steelmaking overlooks the implications of the Red Sea crisis, a letter showed.