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BCCI's perfect plan that got Bumrah fit for World Cup

ABOUT QUARTER TO five in the evening on October 14, Jasprit Bumrah unlocked one of his specials. Rewatching it could open wounds of a dream that will remain unfulfilled.

Harry Potter - a magic tool for experts to demystify AI

MORE THAN TWO decades after JK Rowling introduced the world to a universe of magical creatures, forbidden forests and a teenage wizard, Harry Potter is finding renewed relevance in a very different body of literature: AI research.

Russian oil import falls to eight-month low in Oct

WITH DISCOUNTS ON Russian crude oil shrinking, Moscow's share in India's oil imports declined to an eight-month low in October, while New Delhi's traditional West Asian suppliers - Iraq, Saudi Arabia and the United Arab Emirates (UAE) - managed to claw back part of the market share they had ceded to Russia.

60% firms have responsible AI: Nasscom

NEARLY 60% OF businesses surveyed reported having either matured responsible AI (RAI) practices and policies or having initiated formal steps towards adoption of such responsible practices, according to a report by industry body Nasscom.

BAN ON APPLE WATCH: Apple doesn't get 'relief' from US, appeals trade ban

US PRESIDENT JOE Biden's administration on Tuesday declined to veto a government tribunal's decision to ban imports of Apple Watches based on a complaint from medical monitoring technology company Masimo.

'Industry is shifting towards a self-serve digital model'

2023 is the year dentsu India would most like to forget. Besides losing big accounts like Maruti Suzuki and Reckitt to competition, the agency was caught up in a leadership turmoil. Harsha Razdan, CEO, South Asia, dentsu, is working overtime to stabilise the boat. He tells Akanksha Nagar how the agency plans to transition into a consultancy, building on the foundation laid in marketing and technology. Edited excerpts:

Chinese gaming firms unveil share buybacks

A SLEW OF smaller Chinese gaming companies have announced share buybacks - plans seen as an attempt to reassure investors after the market was spooked by regulatory moves to clamp down on consumer spending on games.

Israel grants Intel $3.2 bn for new $25-bn chip plant

Intel’s shares were up 1.9% at 48.90 in pre-market trading

Coca-Cola extends pact with ICC

BEVERAGE MAJOR’ THE Coca-Cola Company has extended its five-year agreement with the International Cricket Council ICC), due to expire in 2023, by another eight years.

Infy, Wipro under pressure on AI deal loss, CEO change buzz

SHARES OF INFOSYS fell over 1% on Tuesday after an announcement over the weekend about a global firm terminating an AI-related agreement with the company, which had a revenue potential of $1.5 billion. The stock ended 1.12% down on the BSE at ₹1,544.50.

Adani Green to raise ₹9K cr from promoters

Funds to be used to cut debt, boost growth spends

Wardwizard to launch electric car under ₹10L

To tie up with global brand; launch next year

PM: India coming out of slavery mindset

PRIME MINISTER NARENDRA Modi on Tuesday said the Sikh gurus have taught Indians to live for the glory of their land and served as an inspiration to make the country better and developed.

India-Oman FTA likely by Jan

WHILE THE NEGOTIATIONS on more complicated free trade pacts drag on, the government is expected to sign the Comprehensive Economic Partnership Agreement (CEPA) with Oman as early as next month.

New category of money changers in RBI draft

THE RESERVE BANK of India (RBI) has proposed to introduce a new category of money changers who can become Forex Correspondents of authorised dealers. In a draft Licensing Framework for Authorised Persons (AP) under Foreign Exchange Management Act (Fema), 1999 released on Monday, the central bank said that such entities will not be required to seek authorisation from the central bank.

NET FDI INFLOWS NEGATIVE: CAD narrows to 1% in Q2

Weak capital inflows in quarter; accretion to reserves just $2.5 bn

Funding chill for startups may linger on in new year

THE FUNDING WINTER of 2023, which hurt startups across the board, is unlikely to get much better in the new year. While there is some optimism among a section of the investor community about a gradual rebound, most rule out a quick recovery. The downgrades in valuations of might continue next year as well,

More trouble for Byju's as Code.org sues White Hat Jr

A NON-PROFIT organisation and educational website based in the US, has sued Byju's subsidiary White Hat Jr in the California district court for not paying fees while continuing to use its platform, according to a TechCrunch report. The case was filed on December 1.

Remind users of prohibited content: Govt to platforms

TO CURB THE spread of deepfakes and misinformation, the ministry of electronics and information technology (Meity) on Tuesday asked social media intermediaries such as X, Instagram and Facebook to send regular reminders to their users not to upload, transmit or host prohibited content.

FOOT IN PRIVATE CAPEX DOOR

India Inc’s captains hope economics will continue to have an edge over politics even in an election year

H1 PLI investments cross ₹32,500 crore

₹64K cr incremental exports, 0.3 mn extra jobs seen in first half

Medical devices to become a $50-bn industry by 2030

THE UNION HEALTH ministry on Monday launched a new platform MedTech Mitra to accelerate the development and commercialisation of medical devices in the country.

CONTAINING CREDIT COSTS: SBI Card's measured moves

AFTER A GREAT run in recent years, SBI Cards & Payment Services seems to have hit an air pocket. Even as the card issuer has added meaningful market share, the quality of the book is causing some concern. Credit costs are elevated at 6.7% of loans in the September quarter on the back of 6.8% of loans in the June quarter, and 5.6% in Q2FY23.

Siemens: Upbeat on domestic market

Sees potential in new areas, semiconductor, batteries and EVs

Red Sea disruption

There are heightened risks of an adverse impact on India’s export costs

Is the IMF right on the rupee?

EXCHANGE RATE MANAGEMENT MOVEMENT: OVER DEC 2022-OCT 2025 SHOWS RBI MAY HAVE BEEN TRYING TO KEEP THE RUPEE WEAK

China is softening stance on gaming after $80-bn rout

CHINA APPROVED 105 domestic games on Monday, the latest indication that Beijing is softening its stance after its move to tighten industry restrictions led to a $80 billion rout last week.

Egypt floats plan to end Israel-Hamas war

DEATH TOLL IN AN ISRAELI STRIKE RISES TO 106

Bank-fintech tie-ups to surge

NEW-AGE FIRMS BANK ON TRADITIONAL LENDERS FOR FUNDS

Upcoming spectrum auction likely to get tepid response

With no scope of 5G monetisation, telcos don’t see the need to spend further