CATEGORIES

India largest market for flying taxis, says Sarla Aviation CEO

ELECTRIC FLYING TAXI startup Sarla Aviation, which plans to launch services in India in 2028, will initially fly between airports and commercial hubs such as IT parks in Bengaluru, one of the world's most congested cities.

Helping startups scale up business

● Govt support can serve as a catalyst for growth

'FPOs doing well need support to scale up'

Diversified conglomerates ITC, one of the largest private procurers and processors of agricultural commodities in the country, purchases around 3 million tonne of grains, pulses, oilseeds and other commodities from farmers annually.

Trade deficit at $21.9 bn; exports fall 1% in Dec

THE TRADE DEFICIT in December 2023 was $18.1 billion.

Sundaram Alternates raises ₹1,000 cr for realty fund

SUNDARAM ALTERNATES, PART of Sundaram Finance, on Wednesday said it has made the first close of ₹1,000 crore for its real estate fund.

AI, GenAI to fuel IT industry recovery in FY26

With clients reducing discretionary spends on a challenging macroeconomic environment and Donald Trump 2.0 steering higher charges for H-1B visa, the IT services industry is facing headwinds.

Pannun plot: Panel seeks legal steps against 'individual'

A HIGH-POWERED PANEL set up by the Union government to examine inputs provided by the US on an alleged plot to kill Khalistan separatist Gurpatwant Singh Pannun has submitted its report and recommended \"legal action against an individual\", the Ministry of Home Affairs (MHA) said on Wednesday.

No near-term impact seen on India of US AI chip restrictions

THE RECENT ANNOUNCEMENT by the US government to impose restrictions on exports of AI chips, is not expected to impact India in the short-term given the current demand levels and capacity requirements by the country is less, tech experts and officials said.

Meta Apologizes for CEO's Remark on India Elections

META INDIA ON Wednesday apologised for CEO Mark Zuckerberg's recent remarks that the incumbent government lost power in the 2024 elections.

S Korea in Peril After Prez's Arrest

SOUTH KOREAN INVESTIGATORS managed to arrest impeached President Yoon Suk Yeol on Wednesday while avoiding a violent clash in the middle of Seoul.

PM Wani revival: Trai calls for cap on high internet costs by telcos

The Telecom Regulatory Authority of India (Trai) on Wednesday proposed that the broadband tariff charged by telcos to public data office (PDO) under the PM-Wani scheme shall not exceed twice the tariff applicable for retail broadband FTTH (fiber-to-the-home) services for the corresponding capacity.

Fivefold growth in green investments likely: Crisil

INDIA IS EXPECTED to see a fivefold growth in the investments to the green energy sector to ₹31 lakh crore between 2025 and 2030, according to Crisil.

SEC Sues Elon Musk Over Twitter Stake Disclosure

The US Securities and Exchange Commission has sued billionaire Elon Musk, saying he failed to disclose his ownership of Twitter stock in a timely manner in early 2022, before buying the social media site.

Elon Musk Won't Save TikTok

THE IDEA OF Elon Musk as a potential buyer for TikTok may seem like the craziest development yet in the saga of the US government's determination to ban the app.

AI to power 40% of utility control rooms, says Gartner

BY 2027, 40% of control rooms in the power and utilities sector will deploy AI-driven operators, according to Gartner.

Eka Mobility plans ₹2,000-cr investment

PUNE-BASED ELECTRIC BUS maker Eka Mobility will launch 6-7 electric commercial vehicles over the next 18 months and expand production capacity at an investment of ₹2,000 crore.

Promoters Voting on Their Own Pay Despite Poor Investor Support

A review of 893 remuneration resolutions for promoters presented between 2023 and 2024 shows that only 10 resolutions were rejected over these 21 months.

Rupee Logs Biggest Single-Day Gain in Over Seven Months

AFTER FALLING FOR the past five trading sessions, the rupee on Wednesday recovered 28 paise, or 0.33%, against the dollar, marking its biggest gain in over seven months, helped by a weaker dollar and a lower-than-expected trade deficit number.

Let the rupee fall

What's important is the relative value of the currency vis-à-vis peer currencies and not its absolute value

Indices gain for second day amid firm global cues

THE BENCHMARK INDICES inched higher on Wednesday, led by energy and information technology stocks, although worries over slowing earnings and caution ahead of key US inflation data capped gains.

Meta warns CCI ruling may force rollback of features

META MAY HAVE to \"roll back or pause\" some features in India due to an antitrust directive which banned its WhatsApp messaging service from sharing user data with Meta for advertising purposes, according to a court filing by the US company seen by Reuters.

Aditya Birla Fashion to raise ₹4,300 cr via pref issue, QIP

ADITYA BIRLA FASHION and Retail (ABFRL) on Wednesday said its board had approved raising $500 million (₹4,300 crore) through a preferential issue and qualified institutional placement (QIP) of equity shares.

HDFC Life Q3 profit climbs 15%

HDFC LIFE INSURANCE on Wednesday reported a 15% year-on-year rise in its standalone net profit for the third quarter at ₹414.94 crore.

Ensuing liquidity boost pushes major funds to ramp up positions

MAJOR FIXED-INCOME FUNDS are ramping up positions as they prepare for the Reserve Bank of India to start easing monetary policy this year.

'Tackle local issues with local insights'

Advances in AI have surged over the past two years. But amid the hype lies a crucial question: how can businesses use AI systems to sift through large datasets and optimise energy usage, reducing waste as a result?

Atishi 'running around like a hirni': Bidhuri

RAMESH BIDHURI, the BJP candidate in Kalkaji for the upcoming Delhi Assembly polls, stirred up controversy again on Wednesday with a comment about his contender and Delhi CM Atishi.

Indigenous 'bullet train' projects may run into financing hurdles

WHILE THE WORK on an indigenous prototype of high-speed rolling stock has boosted hopes of \"Indian bullet trains\" hitting the tracks over the next few years, the proposed seven high-speed rail projects could face serious financing hurdles, officials said.

Vedanta Raises Over $1 Billion

MINING MOGUL ANIL Agarwal's Vedanta Resources has raised $1.1 billion through a new bond offering to prepay existing liabilities, the company said in a Singapore exchange filing.

Next round of India-UK FTA talks to start in Feb

BOTH SIDES FINALISING DATES, SAYS OFFICIAL

UK inflation cools to 2.5%, misses estimate

INFLATION IN THE UK unexpectedly fell in December, a move that will likely fuel pressure on the Bank of England to cut interest rates again next month.