CATEGORIES

IMF sees growth edging higher but still warns of 'tepid twenties'

THE INTERNATIONAL MONETARY Fund hinted it will nudge its global growth forecasts slightly higher, while warning that the world economy still risks a \"tepid twenties\" this decade if inflation and debt challenges aren't addressed.

GenAl boom to be built on AWS: Amazon

AMAZON.COM CHIEF executive officer Andy Jassy said his company's cloud infrastructure will become an essential part of the generative artificial intelligence boom.

ADB ups FY25 GDP growth forecast to 7%

THE ASIAN DEVELOPMENT Bank (ADB) has upgraded India's gross domestic product (GDP) growth projections for 2024-25 from 6.7% to 7% and forecast 7.2% growth for 202526, citing robust public and private investment and strong services sector.

Trade ministry may seek interest relief extension by 5 yrs

THE COMMERCE MINISTRY is expected to seek extension of the Interest Equalisation Scheme for exporters for a block of five years instead of a few months when the period of current extension expires on June 30 as it has been of great help in the era of high interest rates, a senior official said.

Jan Dhan balance rises 18% to 2.35 trn in FY24

Average balance per account spikes 22% to ₹4,524

Apple flags spyware threat

APPLE ON THURSDAY warned its users in over 100 countries, including India, against mercenary spyware attacks such as Pegasus in their devices. However, this time it has not used the word \"state-sponsored\", as in its previous threat alerts.

Adani taps banks for $750 mn

ADANI GROUP IS in talks with banks to raise nearly $750 million or ₹6,200 crore to pay for the conversion of warrants allotted by Ambuja Cements. The deadline to make the payment ends on April 18.

CPI rejig: Centre broadens survey

More than 2,800 physical markets being covered

Kiranas fight back as quick commerce hurts sales

Focus on low-unit packs and more home deliveries

Sanju Samson's new avatar: Spin domination, six-hitting spree

WITH TWO SUCCESSIVE half-centuries under his belt, Sanju Samson is signalling a move to a new batting dimension in the IPL.

Private wheat purchase to get boost in Punjab

WITH DEPLETION OF stocks, the private purchase of wheat in Punjab, the biggest contributor to the Centre's procurement of grain, is expected to get a boost the current marketing season.

Digital Competition Bill may hit small biz

EVEN AS THE Ministry of corporate affairs (MCA) has extended the deadline to submit the responses on the draft Digital Competition Bill (DCB), the MSMEs (micro, small and medium enterprises) are crying foul.

South retailers may stop selling OnePlus phones

OVER 4,500 MAJOR retail stores across Bengaluru, Hyderabad, Mumbai, Gujarat, Andhra Pradesh, Chennai, Coimbatore, Vellore and Visakhapatnam, among other regions, are expected to discontinue sales of OnePlus devices starting May 1, people in the know said.

Misleading ads: SC tears into Ramdev

THE SUPREME COURT on Wednesday refused to accept the affidavits of yoga guru Ramdev and his close aide Balkrishna of Patanjali Ayurved tendering unconditional apologies for publishing \"misleading\" advertisements, asserting the court doesn't want to be \"so generous\" as they were issued after the duo was caught with their \"back against the wall\".

Revving up the cybersecurity engine

CrowdStrike is aiming at an annual recurring revenue of $10 bn

India's growth unstoppable: Newsweek

ASSERTING THAT STABLE and peaceful relations between India and China are important for the entire region and the world, Prime Minister Narendra Modi has expressed hope that through positive and constructive bilateral engagement at the diplomatic and military levels, the two countries will be able to restore and sustain peace and tranquillity at their borders.

Delhi minister quits, cites HC ruling on CM Kejriwal

AAP says BJP out to break its MLAs; his conscience prevailed: BJP response

NBFCs to sustain AUM growth in Q4; NIM a worry

NON-BANKING FINANCIAL COMPANIES (NBFCs) are expected to sustain the growth in their assets under management (AUM) in the January-March quarter, aided by strong disbursements.

Icra cuts banking sector outlook to stable

DOMESTIC RATING AGENCY Icra on Wednesday revised downwards its outlook for Indian banking sector to \"stable\" from \"positive\" on anticipation of moderation in credit growth and profitability metrics.

Banks' gold loans start to taper

THE SHARP GROWTH seen in the gold loan portfolio of banks has started to moderate due to growing competition from gold loan companies and fintechs, and higher gold prices eroding individuals' purchasing power to buy the yellow metal.

Toyota develops bio waste fuel for future

TOYOTA IS LOOKING beyond the traditional fuel options available in India to tap other green alternatives, such as bio waste fuel to be in line with the government's initiative of reducing dependence on imported oil.

Airtel to see 38% ARPU growth by’27

BHARTI AIRTEL, INDIA'S second largest telecom operator by market share, is expected to witness a 38% increase in its average revenue per user (ARPU) to ₹286 over the next three years, according to analysts.

Global eco growth to hit 2.8% by 2030: IMF

GLOBAL ECONOMIC GROWTH will reach just 2.8% by 2030, a full percentage point below the historical average unless major reforms are made to boost productivity and leverage technologies such as artificial intelligence, the IMF said on Wednesday.

UBS faces tougher rules under Swiss proposals

SWITZERLAND'S GOVERNMENT SAID on Wednesday that UBS and three other systemically relevant banks must face tougher capital requirements to shield the country's wider economy, a year after the rescue of Credit Suisse.

Jack Ma steps out from the shadows with internal post

ALIBABA CO-FOUNDER JACK Ma has penned a lengthy memo to employees that expresses support for the internet giant's restructuring efforts, a rare move from the billionaire after spending the last few years out of the spotlight.

CPSES' FY24 capex rose 24% on year to ₹8.05 trillion

CENTRAL PUBLIC-SECTOR ENTITIES (CPSES)-companies and departmental agencies - achieved 109% of their combined capital expenditure target for FY24 by investing ₹8.05 trillion, an all-time high.

Coal ministry readies busy 100-day agenda for Modi 3.0

Coking coal mines to be auctioned via washery route

World trade to rebound in 2024, grow 2.6%: WTO

GLOBAL TRADE VOLUMES are expected to get back to the growth phase this year as consumption demand picks up in advanced economies after a tough 2023 which saw a contraction in cross-border shipments, according to the Global Trade Outlook of the World Trade Organisation (WTO) on Wednesday.

Small-cap funds see outflows first time in 30 months

INFLOWS INTO SMALL-CAP and midcap mutual funds took a hit in March after the Association of Mutual Funds in India (Amfi) asked the fund houses to put in place a policy to safeguard investors amid concerns over excessive valuations.

Tax benefits to be slashed as India, Mauritius ink new deal

THE TAX BENEFITS for investors based out of Mauritius in India are set to be reduced substantially further, with the two countries signing a protocol to amend the convention encompassing the bilateral Double Taxation Avoidance Agreement (DTAA).