CATEGORIES

Taiwan accuses China of 'illegally poaching' talent from its tech firms

Taiwan said Chinese chip companies are \"illegally poaching\" talent and trade secrets, underscoring the heated global rivalry to develop the key technology used in phones, cars and artificial intelligence.

Illumina wins Grail battle in blow to EU merger probe

Illumina's blocked $7 billion bid for cancer-detection provider Grail should never have been probed by the European Union, according to a top court ruling that strikes at the heart of the EU's attempt to vet more global deals.

Russian missile strike kills 41, wounds 180 in Ukraine

Areas affected include a military training facility and nearby hospital in Poltova 3 September Two Russian ballistic missiles struck a military training facility and nearby hospital in a centraleastern region of Ukraine, killing at least 41 people and wounding 180 others, Ukrainian President Volodymyr Zelenskyy said Tuesday.

Centre moves SC against WB govt in rape, murder case

The Centre on Tuesday moved the Supreme Court alleging \"unpardonable\" non-cooperation by the West Bengal government in providing logistical support to the CISF, tasked with providing security at the RG Kar Medical College and Hospital in Kolkata, where a trainee doctor was raped and murdered.

Cong in seat-sharing talks with AAP for Haryana polls

The Congress and Aam Aadmi Party (AAP) could revive the seat-sharing alliance for the upcoming Haryana Assembly elections they had in the state for the Lok Sabha polls.

Govt to sell 6.78% stake in GIC Re for ₹4,700 crore

The Union Ministry of Finance will dilute a 6.78 per cent stake in reinsurance company General Insurance Corporation of India (GIC) Re to garner around ₹4,700 crore.

Modi's US visit may focus on smaller events in New York

In contrast to the broad swathe of Prime Minister Narendra Modi's visit to the United States in September 2019 - his first to that country after winning a second successive term five years back his forthcoming visit to the US later this month will likely have him stay in New York.

Agri minister launches ₹750 cr fund AgriSure

Union Agriculture Minister Shivraj Singh Chouhan on Tuesday launched a ₹750 crore fund AgriSure to provide financial support to agritech startups even as he underlined the need for increasing public as well as private investments in the farm sector.

Mis-selling of life insurance policies at alarming level: Irdai

The alarming level of life insurance policy misselling has caught the attention of policymakers amid efforts by the insurance regulator to boost insurance penetration, a top official from the Insurance Regulatory and Development Authority of India (Irdai) said on Tuesday.

Current licence gives us enough space'

After three decades, a Bajaj group company is looking to list on the bourses. Bajaj Housing Finance, a 100 per cent subsidiary of India's largest non-banking finance company Bajaj Finance, has priced its public offering at ₹66-70 per equity share. It is looking to raise ¥6,560 crore, of which fresh issues are worth 3,560 crore and the offer for sale (OFS) is ₹3,000 crore. SANJIV BAJAJ, chairman and managing director, Bajaj Finserv, the holding company of Bajaj Finance, and ATUL JAIN, managing director, Bajaj Housing Finance, outlined the company's growth plans beyond the IPO in an interview with Manojit Saha and Subrata Panda in Mumbai. Edited excerpts:

Households set to rebuild financial assets as income rises, says Patra

With rising incomes, households are expected to gradually rebuild their financial assets, reminiscent of the 15 per cent of gross domestic product (GDP) observed from the early 2000s until the global financial crisis, said Michael Debabrata Patra, deputy governor of the Reserve Bank of India, on Tuesday.

FM reviews capex plans of ministries

In a move to push capital expenditure (capex) utilisation by ministries, Finance Minister Nirmala Sitharaman on Tuesday met officials of the road transport & highways ministry and the telecom department (DOT) to review plans for their budgeted capex.

Govt okays procurement of future-ready combat vehicles, Dornier-228 aircraft

The defence ministry on Tuesday approved the procurement of future-ready combat vehicles (FRCVS) for modernisation of the Army's tank fleet and air defence fire control radars, among other proposals.

FDI inflows jump 47.8% to $16.17 bn in April-June'24

Foreign direct investment (FDI) in India jumped 47.8 per cent to $16.17 billion in April-June period of the current financial year on healthy inflows in services, computer, telecom, and pharma sectors, according to government data.

World Bank upgrades India FY25 growth forecast to 7%...

Says country saw success despite adversity; doesn't see growth slowing down

Banking system liquidity improves to 1-month high

The liquidity in the banking system improved to a onemonth high surplus of ₹2.23 trillion on Monday, according to the latest data by the Reserve Bank of India (RBI).

The Supreme Court on August 1 allowed states to create sub-categories in reservations. In this first of a three-part series, Business Standard looks at Andhra Pradesh

The most literate in the Scheduled Caste community in Andhra Pradesh has higher literacy than the state average, while less than 40 per cent in the least literate sub-group can read and write.

Entrepreneurship the new frontier for freshers: Study

The success of Indian startup stories is fuelling hundreds of dreams as more freshers opt to start their own venture.

IT HIRING DIPS, BUT AI/ML JOBS OUTLIER WITH 14% RISE: REPORT

While hiring across India's IT sector remained stagnant with just 1 per cent Y-o-Y growth in August, jobs in artificial intelligence (AI) and machine learning (ML) domain witnessed a sharp 14 per cent increase on a yearly basis during the month, according to data from job portal Naukri.com released on Monday.

CoC decided to liquidate airline: Go First RP to NCLT

The Resolution Professional (RP) of bankrupt airline Go First told the National Company Law Tribunal (NCLT) on Tuesday that its Committee of Creditors (CoC) had unanimously decided to liquidate the company after lucrative bids failed to materialise.

Shareholder value creation at heart of demerger plan: Gautam Singhania

Shareholder value creation is at the core of Raymond's demerger plans, said Gautam Singhania, chairman and managing director of the firm.

'58% Indians feel burnout, more than global average'

As many as 58 per cent of Indians experience burnout and workplace exhaustion, much higher than the global average of 48 per cent, a report released on Tuesday said.

TotalEnergies' AGEL investments now at $3.2 bn

French energy major TotalEnergies' latest $444 million investment in a joint venture (JV) with Adani Green Energy Limited (AGEL) has taken its total commitment to this Adani company to $3.2 billion.

Toyota, Maruti launch mkt drive for hybrid cars in UP

Japanese automakers Toyota and Maruti Suzuki are going all out to market their hybrid cars in Uttar Pradesh, aiming to cash in on tax waivers that upset many of their rivals.

Syngenta may look to increase manufacturing under Make in India'

Basel (Switzerland)-based Syngenta has had a strong presence in India for a long time. Chief Executive Officer (CEO) JEFF ROWE, in an interview with Sanjeeb Mukherjee in New Delhi, lays down growth plans. Edited excerpts:

Classic Legends' Jawa 42 FJ enters neo-classic market

Mahindra-backed Classic Legends has launched the Jawa 42 FJ, a new neo-classic motorcycle in India.

Kia tops Fada customer index in mass-mkt space

In the luxury segment, Audi takes the top spot

48% tax on hybrid cars,5% on EVs to stay for long: Kant

India will continue with five per cent tax on electric cars and 48 per cent tax on hybrid cars for a \"long period of time\", said its G20 Sherpa Amitabh Kant on Tuesday.

Rogue robocallers behind Trai's bid to dial up rules against spam

The Telecom Regulatory Authority of India's (Trai's) latest push to review its existing spam regulations and expand the definition of \"commercial communications\" is driven by an urgent need to tighten controls on autodialers or robocallers, and bulk messaging, according to official sources.

Working capital cycle shortest in 25 yrs at 47.8 days

Online transactions key driver