CATEGORIES

AI and competition: Old wine in new bottles?

The rise of generative artificial intelligence (GenAI) has been impressive.

Putin warns Nato of risk of nuclear war

February Russian President Vladimir Putin warned of the potential for a nuclear confrontation over his war in Ukraine as he stepped up threats against the West for its support of Kyiv.

US immigration agency sets up new system for H1B visa

The US immigration agency has announced the launch of a system that will allow multiple people within an organisation, as well as their legal representatives, to collaborate on and prepare H1B registrations, and H1B petitions.

Israeli strike kills 70 waiting for aid in Gaza

Palestinian death toll crosses 30,000

Chinese firms step up hiring, but stay tight-fisted on pay

The Communist Party's 24-member team has also pledged to avoid risks and maintain social stability

Behind Apple's doomed car project: False starts and wrong turns

For the last decade, many Apple employees working on the company's secretive car project, internally code-named Titan, had a less flattering name for it: the Titanic disaster.

US SEC investigates whether OpenAI investors were misled

The US Securities and Exchange Commission is scrutinizing internal communications by OpenAI CEO Sam Altman as part of an investigation into whether the company's investors were misled, the Wall Street Journal reported on Wednesday.

₹75K cr subsidy approved for rooftop solar plan

The Union Cabinet on Thursday approved the new scheme for rooftop solar installation across the country announced by Prime Minister (PM) Narendra Modi earlier this month.

Sandeshkhali key accused arrested; PM in Bengal today

The West Bengal Police on Thursday arrested Trinamool Congress leader Shajahan Sheikh, who was accused of grabbing land and harassing villagers in Sandeshkhali.

SC says no automatic vacation of stay orders of trial courts, HCs

A five-judge Bench of the Supreme Court (SC) overruled its own threeBench judgment on Thursday and declared that a stay order once issued by a high court (HC) in both civil and criminal cases does not automatically stand vacated in six months.

India for review of Customs duty pause on digital goods

India on Thursday called for a re-examination of the implimoratorium on electronic transmissions, particularly for developing countries and poor nations.

Jan core sector growth slows to 15-month low

February India's core sector output, which measures production by eight key industries, logged its slowest pace of growth in 15 months, rising 3.6 per cent in January, according to government data.

Fiscal deficit at 63.6% of target

The Centre has incurred only threefourths of the total revised expenditure estimate for the first ten months of the current financial year, leaving room for higher spending in the February-March period, the latest data by the Controller General of Accounts showed.

Employees need to adapt to challenges: RBI dy guv

As digital transformation accelerates, the need for employees who can deliver consistent service levels and adapt to both expected and unexpected challenges is more critical than ever, Reserve Bank of India (RBI) Deputy Governor M Rajeshwar Rao said.

Govt launches 2nd round of critical mineral auction

The Centre on Thursday launched the second round of auction for the 18 strategic mineral blocks valued at ₹30 trillion, a move aimed at bolstering the country's mineral supply chain.

To energise coal logistics, ministry refreshes policy

Aiming at transporting coal seamlessly across the country, the Union Ministry of Coal has drafted a logistics plan and policy in consultation with all stakeholders in the supply chain.

MONSOON WOES: Farm sector contracts in Q3, a first in 19 quarters

Agriculture and allied activities emerged as a notable exception to the ongoing economic recovery, as kharif production succumbed to uncertainties in the monsoon.

3 OUT OF 5 LARGE ECONOMIES RECORDED SLOW GROWTH

Tighter monetary conditions have been a drag on recovery

Consumption sluggish, govt capex powers investment

India's consumer demand remained feeble while robust capex push by the central government remained the key driver of economic growth during the December quarter of FY24.

Unravelling the story of robust growth

India's gross domestic product (GDP) growth figures, at 8.4 per cent for the quarter ending December 2023 (Q3), and a projected annual growth of 7.6 per cent, have been significantly ahead of expectations.

Economy ticking many boxes, says Nageswaran

Indian economy ticks many boxes in the right way and continues to grow, Chief Economic Advisor (CEA) V Anantha Nageswaran said on Thursday, asserting that there is case for the global rating agencies to reappraise their estimates of India's potential growth rate to 7 per cent.

Govt to invest ₹10K crore in SCL Mohali: Vaishnaw

The government-owned SemiConductor Laboratory (SCL), Mohali, will be revamped soon with an investment of around ₹10,000 crore, in collaboration with an external technical partner, Union minister Ashwini Vaishnaw said on Thursday.

'Tatas have built their own tech'

Union Electronics and IT Minister ASHWINI VAISHNAW talks to Surajeet Das Gupta on Cabinet clearance of three semiconductor projects, including the mega Tata fab proposal.

Tata Sons likely to raise ₹55K cr via IPO: Report

The Tata group is considering selling a 5 per cent stake in Tata Sons, its holding company, through an initial public offering (IPO) to raise about ₹55,000 crore at an estimated valuation of ₹11 trillion, said a Kotak Securities report on Thursday.

Must acquire 3 Jet planes in 6 months: Ace Aviation

Ace Aviation, which has been fighting Jet Airways for the acquisition of three Boeing B777 aircraft, on Wednesday said it must acquire them in six months as the deadline for the conversion of these wide-bodied planes to freighter aircraft is fast approaching.

India bets big on global semicon play

India is all set to make its presence felt in the $47 billion global outsourced semiconductor testing and packaging market, an arena where Malaysia and Vietnam have been way ahead so far.

Staff salaries may again be hit at Byju's

Byju's is expected to encounter another cash crunch, potentially impacting the daily operations of the educational technology (edtech) firm, including salary payments to its 15,000 employees.

Biocon arm inks pact with Janssen for psoriasis drug

Biocon arm Biocon Biologics on Thursday said it had signed a settlement and licence agreement with Janssen Biotech Inc and Johnson & Johnson (collectively known as Janssen), which clears the path to commercialise Bmab 1200, a proposed biosimilar to Stelara in the US.

Advent PE begins merger of Suven Pharma, Cohance

Hyderabad-based Suven Pharmaceuticals board on Thursday approved the amalgamation scheme of Cohance Lifesciences with itself, creating one of India's largest integrated contract development and manufacturing organisations (CDMOS).

MEET WITH FM Fintechs raise UPI transaction charge issue

Financial technology (fintech) companies brought up the contentious issue of implementing a merchant discount rate (MDR) for Unified Payments Interface (UPI) transactions during an open house session with Finance Minister Nirmala Sitharaman earlier this week, according to attendees who spoke to Business Standard.