CATEGORIES

ADB keeps India growth forecast at 6.7%

The Asian Development Bank (ADB) on Wednesday said it has retained India's GDP growth forecast at 6.7% for FY 2024 on the back of public investment and recovery in consumption demand

Data law appellate authority, rules to be notified in 30 days

Graded timelines for data fiduciaries; Big Tech compliant with GDPR to follow rules first

Saudi cuts Asian Premium after India taps Russian oil

Saudi Arabia, the world’s second largest oil producer, has slashed the premium charged on exports to India while many others have discontinued it altogether, a person aware of the matter said, after India began sourcing the bulk of its energy requirements from Russia

Ex-UpGrad chief Arjun Mohan to be Byju's next India CEO

Byju's has named Arjun Mohan as the chief executive officer (CEO) of its India operations, succeeding Mrinal Mohit, a founding employee of the Bengalurubased edtech startup

India faces flak at WTO for not notifying curbs

India is facing criticism from several World Trade Organization (WTO) members for failing to notify the trade body of its numerous export restrictions to secure domestic food supplies before national elections next year, three people aware of the development said

India issues caution for travel to Canada

Diplomatic tensions between India and Canada mounted after New Delhi released a scathing travel advisory counselling its citizens to exercise caution while travelling to Canada

Naveen Jindal eyes Africa with steel mill, power plant

Billionaire Naveen Jindal, via a privately held unit, plans to set up a steel mill in Nigeria and a power plant in Botswana to serve the African market, two people familiar with the development said

Stocks plummet as crude nears $100

High oil prices could force central banks to raise interest rates

How do I file a complaint against rejection of insurance claim?

I bought my health insurance policy in 2016 for myself and my wife. I renewed the policy every year by paying timely premiums till last year. In December 2022, I suffered from typhoid and was admitted in hospital for seven days. The treatment cost me around ₹2 lakh. My insurer denied the claim saying that my condition did not require hospitalization. What can I do to get my claim from the insurance company? -Name withheld on request

Unpacking Niyo Solutions' zero forex markup cards

As of now, Niyo Global cards are a good payment option for frequent overseas travellers

Intel sees glass as a vital bit to power AI

Intel Corp. is betting on an unexpected material to help the world's computers handle ever-growing artificial intelligence workloads: glass.

US, Iran swap detainees in Qatar-bartered deal

The deal also unfroze 6 bn of Iran’s funds that were blocked by sanctions

'No plan to share revenues of OTT apps with telcos'

The central government is not considering enabling a revenue sharing model between over-the-top (OTT) players or apps and the telecom service providers for using the telcos’ networks for carriage of the apps, said a top official in the ministry of communications.

US auto strike puts Indian ancillary hubs on the edge

This is the first time UAW has launched a simultaneous strike against all 3 automakers

Holiday airfares surge, double in some routes

Data from travel portals shows an increase in advance bookings as well

NBFCs relying more on bank loans: RBI

Domestic non-banking financial companies (NBFCs), especially those in the upper-layer category, are increasingly relying on bank borrowings as their primary source of funding, according to an analysis in Reserve Bank of India (RBI)’s September bulletin.

CDIL to expand chip ATMP; fab plans later

Co will utilize PLI, SPECS schemes for new testing, packaging lines

Govt bonds swing on talk of joining indices

India's government debt market is on tenterhooks again as traders assess the buzz around prospects for the nation's sovereign debt to be added to global indexes.

JSW Infra readies ₹2,800 crore IPO; bidding opens 25 Sep

Port operator JSW Infrastructure Ltd on Monday announced plans for a ₹2,800 crore initial public offering (IPO), the first from the JSW Group in 13 years.

Brazil's Ebanx to enter India in developing markets expansion

Brazilian payments company Ebanx Ltda, which operates in 16 countries in Latin America and Africa, will begin doing business in India by the end of the year as part of its global expansion to developing countries.

Improved traction in tech deal wins helps, but not by much

Last week, Infosys Ltd inked a memorandum of understanding with a global company to provide enhanced digital experiences for an estimated contract value of $1.5 billion.

Dabur needs to power up its plan

Overall, a key strategy across segments includes strengthening the core and boosting the addressable market by expanding into new adjacencies through power platforms.

ADIA raises India exposure, invests in CMS Info, others

The Abu Dhabi Investment Authority (ADIA), the sovereign wealth fund representing the emirate of Abu Dhabi in UAE and one of the largest among its global peers, has added at least three new companies to its portfolio basket, just months after inking a large transaction in the private market committing $500 million to eyewear brand Lenskart.

EMPOWERING OUR ARTISANS FOR ROBUST GROWTH

The Prime Minister Vishwakarma Yojana, which was launched on Sunday to strengthen traditional artisans and craftspeople, will not only have an affirmative impact on the lives of millions of Indians, but also contribute enormously to economic growth.

IIT-Delhi seeks to draw young engineers with new curriculum

Indian Institute of Technology (IIT)-Delhi is overhauling its syllabus after a decade to weave in sustainability and bring in flexibility in engineering courses to engage the younger generation.

CIL, NHPC may convert old mines to pump storage

State-run Coal India Ltd and India’s largest hydropower company NHPC Ltd may join hands to explore the possibility of converting abandoned or closed mines into pump storage projects (PSP).

Pulse holding rule may last till end Dec with tighter limit

Stockholding limits in tur and urad may be extended till year end to boost domestic supply

Why a soft landing for the US economy could prove elusive

On the eve of recessions in 1990, 2001 and 2007, many Wall Street economists proclaimed the U.S. was on the cusp of achieving a soft landing, in which interest-rate increases corralled inflation without causing a recession.

Cabinet clears historic women's reservation bill

The Union cabinet led by Prime Minister Narendra Modi has approved the constitution amendment bill to provide reservations for women in Parliament and state assemblies, paving the way for the introduction of the historic bill in the ongoing special session of Parliament, officials said.

Disney India sale draws interest from companies, including RIL

Walt Disney Co. has held preliminary talks with potential buyers for its India streaming and television business including billionaire Mukesh Ambani's Reliance Industries Ltd (RIL), according to people familiar with the matter.