CATEGORIES

Musk, Altman spar over $100-bn AI venture hyped by Prez Trump

ELON MUSK OPENLY questioned whether companies that joined President Donald Trump's announcement promising hundreds of billions of dollars in artificial intelligence infrastructure could follow through on their promises, exposing an early internal rift within the White House.

OpenAI to Indian court: Can't delete ChatGPT training data

'BREACH OF US LEGAL OBLIGATIONS'

After NSA, foreign secretary to visit China on January 26-27

MOVING TO RESUME bilateral engagements after the disengagement at the India-China border, foreign secretary Vikram Misri will travel to Beijing on January 26-27 for a meeting of the \"foreign secretary-vice minister mechanism between India and China\".

Ujjivan SFB Q3 profit slumps 64% to ₹109 cr

UJJIVAN SMALL FINANCE Bank on Thursday reported a 64% decline in its net profit to ₹109 crore for the third quarter amid a spike in bad loan provisions and higher interest expenses.

Rising competition from global banks may lower pricing on loans: Barclays

A RENEWED PUSH by Japan's major banks and other global lenders in India is driving down loan prices with the new players having more appetite for riskier credit, according to the country head for Barclays Plc.

Maruti Suzuki cars to cost more from Feb 1

MARUTI SUZUKI INDIA on Thursday said it will hike prices by up to ₹32,500 across various models from February 1 to partially offset the rise in input costs.

West Asia and North Africa Top Market for Engineering Exports

WEST ASIA AND North Africa (WANA) emerged as the biggest buyer of engineering products from India for the first time ever in December, pushing North America to the second slot, the commerce ministry data showed.

$100-bn court challenge for Goldman and friends

BANKS ARE USED to fending off litigation.

Real Madrid Is First Club To Top $1-Bn Revenue

REAL MADRID BECAME the first soccer team to register one billion euros ($1.04 billion) in revenue in a single season in 2023-24, with the Spanish side topping the Deloitte Football Money League as the world's highest revenue-generating club once again.

Gaza ceasefire puts Netanyahu in tough spot

EVEN BEFORE IT WAS signed, the Gaza ceasefire forced Israeli Prime Minister Benjamin Netanyahu into a tight spot - between a new US president promising peace and far-right allies who want war to resume.

Small tea growers for curbs on substandard imports

SMALL TEA GROWERS (STGs) have urged the Union commerce ministry to take steps to curb import of substandard crop from countries like Kenya and Nepal and protect the domestic industry.

In the grey zone

• Meta's fact-check roll-back can upend contextual ads

Kotak Bank Acquires StanChart's ₹3,330-Cr Personal Loan Portfolio

KOTAK MAHINDRA BANK on Thursday said it has completed the acquisition of the ₹3,300-crore personal loan book of Standard Chartered Bank India following regulatory approvals.

UltraTech Cement Q3 profit at ₹1,473.51 cr; stock surges 7%

ADITYA BIRLA GROUP firm UltraTech Cement on Thursday reported a consolidated net profit of ₹1,473.51 crore for the third quarter ended December 31, 2024.

HDFC Bank expects improved CASA ratio with easing in rates

HDFC BANK EXPECTS its current account savings account (CASA) ratio to improve as interest rates are likely to soften, Sashidhar Jagdishan, managing director and CEO, said in an analyst call on Thursday.

LNG imports to fall in 2025 as demand moderates: IEA

INDIA'S IMPORT OF LNG (liquified natural gas) is expected to decline in 2025 on the back of moderating demand and continued competition for LNG cargoes internationally, as per the International Energy Agency.

Now, Equities Need Domestic Investors More Than Ever

LOCAL FUNDS EMERGE AS KEY DRIVER

Meta's revised paid ad-free service may breach EU privacy regulations

META PLATFORMS' REVISED no-ads subscription service may still breach EU consumer and privacy laws in addition to antitrust rules, the European Consumer Organisation (BEUC) said on Thursday as it urged regulators to act against the U.S. tech giant.

HPCL Consolidated Profit in Q3 Surges 2570% to ₹2,544 Cr

HINDUSTAN PETROLEUM CORP Ltd on Thursday reported a surge of 256.8% year-on-year in its consolidated net profit for the December quarter of FY25 at ₹2,543.65 crore from ₹712.84 crore in the year ago period.

In Dalit colonies, AAP schemes outrank Constitution issues

THE OPEN DRAIN outside the chaupal at Nai Basti, a Dalit-dominated colony in South Delhi's Deoli, is overflowing.

Amazon Web to invest $8.3 billion

Amazon Web Services (AWS) will invest $8.3 billion in cloud infrastructure in Maharashtra by 2030.

Call Grows for Action on AI, Reforms

LEADERS FROM VARIOUS countries called for action on artificial intelligence and reforms at the WEF meeting.

Special fund for MFIs...

The combined loan outstanding of the MFIs stood at around ₹1.7 lakh crore as on March 31, 2024. And 60% of this amount has been lent by large MFIs

It's raining handouts

Political parties must avoid reducing elections to one-upmanship on freebies

Rupee falls 13 paise tracking Asian peers, dollar demand

THE RUPEE ENDED 13 paise down against the dollar to 86.46 on Thursday due to a decline in the most regional currencies and demand for dollars from foreign banks, said forex traders.

Invest in stocks: China to insurers

Stocks Jump After Briefing

NCLAT Stays CCI's 5-Year Antitrust Ban

Directs Meta to Deposit 50% of ₹213-Cr Penalty

In hiding, Awami League leaders connect with Hasina

THEIR BANK ACCOUNTS FROZEN, MANY RELATIVES ARRESTED

Indus Towers to foray into EV charging infrastructure

MOBILE TOWER OPERATOR Indus Towers has launched pilot electric-vehicle charging stations at two locations, it said on Thursday, amid the country's growing push to adopt the environmentally cleaner models.

Time for India to break Out Of AI slumber

The US-led restrictions on AI technology access should serve India a wake-up call to prioritise the technology as a national security imperative