CATEGORIES

RBI paper rejects IMF view on public debt reaching 100%

Judicious spending could bring down debt-to-GDP ratio to 73.4% by FY31

India to pitch for tax on cross-border e-comm

New Delhi to oppose China-driven investment pact

Govt looks to tap RIL, Adani, Tatas for nuclear energy investments

INDIA WILL INVITE private firms to invest about $26 billion in its nuclear energy sector to increase the amount of electricity from sources that don't produce carbon dioxide emissions, according to two government sources.

Ahead of EGM, Byju's mollifies investors

AHEAD OF BYJU'S extraordinary general meeting (EGM) on Friday, its leadership team has opened communication channels with a group of miffed investors who are pressing for a change in management, including the ouster of founder CEO Byju Raveendran.

Pvt firms must get their act together on capex: RBI paper

THE CORPORATE SECTOR must \"get its act together\" and relieve the government of capex heavy lifting, Reserve Bank of India (RBI) officials have said in the February bulletin.

Draft norms for AI by June-July

THE GOVERNMENT WILL come out with a draft regulatory framework for artificial intelligence (AI) by June or July after holding extensive discussions with industry, minister of state of electronics and IT Rajeev Chandrasekhar said on Tuesday.

Jyoti's hockey prowess eclipsed by her home demolition fears

AS 20-YEAR-OLD local girl Jyoti Chhetri, playing against the USA in the FIH Pro League, dazzled the home crowd on February 18, her parents watched at the stadium, less than 2 km from their home in Rourkela's Panposh neighbourhood.

AI to assist AIIMS doctors in identifying cancer therapies

CAN ARTIFICIAL INTELLIGENCE (AI) help doctors identify the best cancer therapy for their patients? A supercomputer and AI, developed by researchers from the All India Institute of Medical Sciences (AIIMS) Delhi, promises to do just that. Oncologists usually toggle with ideas as they decide the best therapy for their patients.

Fall in energy prices brings down oil, gas import bill

Decline in value despite rise in import volumes

HDFC Bank to keep LDR healthy: CEO

‘Slower deposit erowth has put pressure on profit margins

Glenmark Pharma to improve market outlook

Plans to introduce new products optimise operational processes

NMDC anticipates more volume upside

Company is likely to gain from better prices and higher production

Navalny's widow vows to continue fight for a 'free Russia >

YULIA NAVALNAYA SAID on Monday she would continue the fight of her dead husband Alexei Navalny for a \"free Russia\" and called on opposition supporters to battle President Vladimir Putin with greater fury than ever.

Forvia to trim 10,000 jobs to boost EV war with Asian firms

FORVIA SE IS poised to cut roughly 13% of its European workforce over the next five years with plans to tap artificial intelligence to better compete with Asian rivals in the shift to electric cars.

China’s premier urges action to boost confidence

CHINESE PREMIER LI Qiang called for \"pragmatic and forceful\" action to boost the nation's confidence in the economy, underscoring the government's concern with a struggling recovery and stock rout.

Israel's economy contracts 20% after outbreak of war

ISRAEL'S ECONOMY SUFFERED one of its worst-ever slumps, after the Hamas war paralyzed businesses, forced people to evacuate their homes and caused the military to call up hundreds of thousands of reservists.

Fino to expand leadership, boost deposits before conversion to SFB

FINO PAYMENTS BANK, which has applied to the Reserve Bank of India (RBI) for a small finance bank (SFB) licence in the third quarter of the current fiscal, will expand its top leadership team and add mid-tosenior level employees to focus more on growing its deposit base and cross-sell products, CFO Ketan Merchant told FE.

Big rejig in top leadership at Kotak Mahindra Bank

ASHOK VASWANI, THE newly-appointed managing director and chief executive of Kotak Mahindra Bank, on Monday announced some key leadership changes by elevating KVS Manian as the joint managing director and Shanti Ekambaram as the deputy managing director.

Paytm hits upper circuit for 2nd day

SHARES OF PAYTM-OPERATOR One 97 Communications surged to hit the upper circuit for the second consecutive session on Monday, following the beleaguered fintech giant's collaboration with Axis Bank for settling merchant payments.

Nifty hits record closing high despite FII pullout

EQUITIES GAINED FOR the fifth straight session as the benchmark Nifty scaled a lifetime high, both on the intra-day and closing basis. The India VIX a measure of market volatility rose more than 5% to settle over the 16-mark again.

ARC acquisition value may hit ₹10 trn by Mar

THE ASSET RECONSTRUCTION sector is expected to end the year on a positive note as the value of bad loans acquired by asset reconstruction companies (ARCs) is likely to touch the 10-trillion mark by the end of March.

Deepak Fertilisers signs 15-year LNG deal with Equinor

DEEPAK FERTILISERS AND Petrochemicals Corporation (DFPCL) on Monday said it has entered into a long-term supply agreement for liquefied natural gas (LNG) with global energy major Equinor. It is one of the largest contracts signed by the Norway-based company with a private sector firm in India.

Clear Credit Suisse dues by Mar 15: SC to SpiceJet

THE SUPREME COURT on Monday asked SpiceJet to settle a $1.5-million debt owed to Swiss firm Credit Suisse by September 15. \"There is no scope of belated payment. The respondent is not justified in saying so. The very fact that the respondent is in default is apparent from the dateline given,\" the SC observed.

Air India, TASL to invest ₹2,300 cr in Karnataka

Around 1,600 direct jobs likely

WhatsApp helpline to tackle deepfakes

META ON MONDAY said the company has joined hands with the Misinformation Combat Alliance (MCA) to launch a dedicated factchecking helpline on WhatsApp to combat deepfakes and AI-generated misinformation. The company will launch the helpline for the public in March.

Mitsubishi to ride on TVS for India vehicle sales foray

MITSUBISHI CORPORATION, A diversified Japanese conglomerate, will pick up a 32% stake in TVS Vehicle Mobility Solution (TVS VSM) for 300 crore to foray into India's vehicle sales business.

BSNL rolls out ₹65k-cr tender for BharatNet

STATE-OWNED BSNL HAS floated around 65,000-crore tender for the implementation of the phase-III BharatNet project, officials said. The tender is part of the ₹1.4-trillion revamped BharatNet project for design, supply, construction, installation of optical fibre cables, switches, routers and other telecom equipment to connect and upgrade existing 164,000 gram panchayats, as well as connect around 47,000 gram panchayats under the new model.

FMCG firms dial up ad spends

May grow in 04 too as increasing sales take precedence

ONGC’s Mumbai High: 50 years on, still going strong

INDIA'S FLAGSHIP AND largest oilfield Mumbai High was discovered on this day 50 years back and while most fields of that vintage have gone out of production, the field in the Arabian Sea is still going strong.

Old tax demand ceiling set at ₹1 lakh/assessee

IN ACCORDANCE WITH the Budget announcement, the Income Tax department prescribed a ceiling ₹100,000 per individual for withdrawal of small tax demands till Assessment Year (AY) 2015-16.