CATEGORIES

US probes BlackRock, Vanguard over stakes in banks

Banking regulators are probing if asset management giants BlackRock, Vanguard and State Street are sticking to their passive roles when it comes to investments in US banks, the Wall Street Journal reported on Tuesday.

Job creation in S Asia lags population growth'

Job creation in South Asian economies is not keeping pace with the rise in the working age population, putting the region on a path that risks \"squandering its demographic dividend\", the World Bank said on Tuesday.

Amazon offers free credits for startups to use AI models including Anthropic

Amazon Web Service (AWS) has expanded its free credits program for startups to cover the costs of using major AI models, the company told Reuters in an interview, as it looks to boost the market share of its AI platform Bedrock.

Israeli airstrike kills six aid workers, sparking outrage

World Central Kitchen suspends Gaza ops; US seeks probe

AAP MP Sanjay Singh gets bail in liquor policy case

In a relief to Aam Aadmi Party (AAP) leader Sanjay Singh, the Supreme Court on Tuesday granted bail to him in the Delhi excise policy-linked money laundering case after the Enforcement Directorate (ED) conceded that it has no objections.

12 of 20 MPs with highest victory margins won't defend their seats

Uncertainty is the only certainty in Indian politics, something that MPs of Karnal and Vidisha have recently found out.

Cong set to contest fewest Lok Sabha seats since '51-52

The Congress released a list of 17 candidates for the 2024 Lok Sabha (LS) polls on Tuesday, fielding YS Sharmila Reddy from Andhra Pradesh's Kadapa and Tariq Anwar from Bihar's Katihar seat.

Avoid buying wheat to shore up state stocks, Centre asks traders

The government has asked global and domestic trade houses to avoid buying new-season wheat from local farmers to help the government-backed Food Corporation of India (FCI) procure large quantities to shore up its depleting reserves, sources said.

Will RBI change focus to growth after PM speech?

The Reserve Bank of India (RBI), which has focused on growth over inflation for almost two years now, may find it difficult to drop its guard on price rise even if Prime Minister Narendra Modi called for making growth a top priority.

Govt targets zero load shedding this summer

Thermal stations to defer maintenance; gas-based units may run mandatorily

Over 80 mn worked under MGNREGA in FY24

The demand for work under the flagship Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) tapered off during 2023-24, with almost 83.2 million people working in the programme down from 87.5 million in FY23.

World Bank lifts India's FY25 growth forecast to 6.6%

Cautions that South Asia risks 'squandering' its demographic dividend

Govt bond yield at 2-month high

Government bond yields rose on Tuesday tracking a rise in the US Treasury yields, said dealers.

Fall in other goods freight may put Rlys' 2030 target off track

Experts say the ministry should target unconventional sectors more aggressively

Byju's goes ahead with cutbacks, fires 500 staffers

Sales, marketing, and teaching roles feel the biggest impact

IT firms may report muted Q4 growth; eyes on FY25 guidance

With the last quarter of 2023-24 (FY24) expected to have been soft owing to lower discretionary spend and macro uncertainty, many are hoping FY25 will be a year of recovery for the information-technology (IT) industry.

'Lip service, broke every barrier': SC pulls up Ramdev

Asks Centre why it chose to keep 'eyes shut' when Patanjali claimed allopathy drugs offered no protection vs Covid-19

Amid 'frugal focus', Zee boss Goenka to take 20% pay cut

Days after Zee Entertainment Enterprises laid off 50 per cent of its staff at its Bengaluru technology centre, Managing Director and Chief Executive Officer Punit Goenka announced on Tuesday a voluntary 20 per cent reduction in his remuneration.

Vi holds EGM for shareholder nod to raise ₹20K cr

Troubled telecom operator Vodafone Idea (Vi) on Tuesday said it had held an extraordinary general meeting to seek shareholders' approval to raise up to ₹20,000 crore by issuing securities.

UltraTech lines up ₹32,400 crore in expansion push

Commissions two greenfield plants adding 5.4 mtpa in Chhattisgarh and Tamil Nadu

Bajaj Auto leads in FY24 domestic sales growth

Bajaj Auto's domestic sales surged 24.63 per cent year-onyear (Y-o-Y) in 2023-24 (FY24), highest among the four major two-wheeler manufacturers in the country, touching 2.25 million units, according to data released on Tuesday.

Hospitals kickstart efforts to test AI for cancer detection

Experts say tech still nascent, diversified dataset for correct risk profiling currently unavailable

PepsiCo to invest ₹1,266cr to set up 22-acre unit in MP

Beverage and packaged foods major PepsiCo India will invest ₹1,266 crore to set up a flavour manufacturing facility in Ujjain, Madhya Pradesh, the company said on Tuesday.

Manufacturing PMI at 16-yr high; hiring picks up

Sharpest uptick in output, new orders since Oct 2020

MFs' equity buying hits record ₹45K cr in March

Robust inflows amid mid, smallcap correction and large block deals

MOBILE PHONE OUTPUT TOPS 4 TRN IN FY24

The value of mobile devices produced in India for both export and domestic markets in the financial year 2023-24 soared to ₹4.1 trillion ($49.16 billion), up at least 17 percent year-on-year (Y-o-Y), according to preliminary estimates by the Indian Cellular and Electronics Association (ICEA) which represents most of the mobile players in the country.

In A First, Yearly Transactions Via Upi Cross 100 Bn In FY24

SHINE JACOB Chennai, 1 April Unified Payment Interface (UPI) transactions in India posted a record 56 per cent rise in volume and 43 per cent rise in value in the Financial Year 202324 (FY24), compared to the previous financial year.

Istanbul's Mayor Deals A Fresh Blow To Erdogan

Istanbul Mayor Ekrem Imamoglu secured his status as the top opponent to President Recep Tayyip Erdogan as he extended his rule over the country's largest city, a victory that could position him to one day take over from Turkey's longest-serving leader.

Israeli Troops End Shifa Hospital Op After Two Weeks

Israel's military withdrew from Gaza's largest hospital early Monday after a two-week raid, in which it said it killed some 200 militants and detained hundreds more.

PM Sharpens Attack, Cong Asks Him To Talk On China

Prime Minister (PM) Narendra Modi on Monday accused the Dravida Munnetra Kazhagam (DMK) of having "done nothing" to safeguard the interests of Tamil Nadu's fishing community.