CATEGORIES

Food ministry to seek jute bag exemption for sugar packaging

The department of food and public distribution will seek an exemption for sugar from mandatory 20% jute bag packaging starting next month.

Data rules may debut in graded manner

The central government is planning a “graded\" transition regarding compliance with rules under the Digital Personal Data Protection (DPDP) Act, an official of the plans said. Under this approach, micro, small and medium enterprises (MSMEs) will get longer time frames to comply, while larger corporations will get less.

WPI inflation hits 5-mth high in Aug, but stays in negative

Easing veg prices saw wholesale food inflation fall to 5.62% in August after 7.75% in July

I&B ministry weighs bill to regulate OTT, DTH

The ministry of information and broadcasting is considering introducing a new bill to regulate broadcasting services, including over-the-top (OTT) apps and direct-to-home services, two people aware of the development said.

EbixCash's IPO filing doesn't disclose an adverse court order

EbixCash Ltd, payment services company that plans to go public, is yet to disclose in its draft share sale documents an adverse arbitration order passed by a Singapore court in June that could cost it ₹100-200 crore.

New licensing policy to boost drug safety

Proposed changes aim at uniformity in licensing across India

Reliance Retail In Talks With Investors To Raise $1.5 Billion

India's Reliance Retail is in talks with existing investors including the sovereign wealth funds of Singapore, Abu Dhabi and Saudi Arabia for combined new investments of around $1.5 billion, three persons with direct knowledge of the plan said.

Our Inflation Index Lens Is Hazy But Clear Enough

A more accurate picture of the rising cost of living in India would help, but so long as the CPI broadly captures price changes usefully, high-pixel grabs will not necessarily improve policy

India's Unemployment Challenge Can't Be Tackled By Doles As Usual

Structural changes in our economy have resulted in improved education levels and provided a modicum of social security

Best of the bean: Around India in eight coffee shops

Coffee shops that cover every iteration, from affogato to a desi dalgona to civet cat droppings coffee

Today's world war on inflation is yielding no winners

Another month, another suspenseful inflation number. India’s 6.8% rise in the Consumer Price Index (CPI) on Tuesday was lower than expected because of slower-rising vegetable prices that however still jumped 26%.

Govt exempts ETFs from capital gains at GIFT

The government has exempted units of investment trusts and exchange traded funds (ETFs) issued by entities based in GIFT City or traded in exchanges there from capital gains tax.

Hedge funds' big bet against Treasurys isn't what you think

Inflation, bond issuance and Fed tightening are spurring a Treasury derivative bonanza

HOTTEST GPU MAKER'S INDIA PLAYBOOK

While businesses in India need Nvidia's chips, the company also needs India

'Govt to set up import mgmt system for IT hardware soon'

India will introduce an import management system to permit the import of laptops, servers and other IT hardware products from trusted jurisdictions, Rajeev Chandrasekhar, minister of electronics and IT, said. Imports from non-trusted jurisdictions—read China—will be limited to a certain number of units. The framework, expected to be put in place this month, aims to exit the ‘non-sustainable’ model of relying on imports, the minister said in an interview. Edited excerpts:

Studios embrace cross-promotions to woo viewers, boost engagement

Film studios and web content creators are increasingly turning to cross-promotions as a cost-effective strategy to enhance audience engagement in a crowded content landscape.

Kept $533 mn in fixed income assets: Byju's

Clarification after allegation that sum was invested in little-known fund

Banks tap certificates of deposit to meet rising credit demand

Banks are turning to cheaper certificates of deposit (CDs) to meet credit demand which has outpaced deposit growth, data showed.

'Online bank a/cs inaccessible to many due to defunct credentials'

Several individuals across India are unable to access their bank accounts online for reasons ranging from defunct user credentials to account turning dormant, with the system of resuscitating it an arduous process, a survey has found.

Nifty closes above 20K for first time

After a weak start, the markets rebounded well on Wednesday, with Nifty gaining 0.38% and closing above the 20000-mark for the first time, supported by softer inflation data and strong production numbers despite weak global cues.

'Infosys has outlined 8 broad areas for Al'

Information technology services leader Infosys Ltd recently said it is taking an artificial intelligence (AI)-first approach for all its business and operational needs. At its first quarter earnings announcement, the company also committed to train 40,000 employees on generative AI skills. In an interview, chief technology officer Mohammed Rafee Tarafdar explained Infosys' Al strategy. Edited excerpts:

Special session to debate bill on ECs, discuss ‘parliamentary journey'

The government on Wednesday listed a raft of key bills, including one to change the way election commissioners are picked, for the 18-22 September special session of Parliament.

'Higher stocks at coal mines'

The stock of coal at mines and transit has increased 39% over last year, coal minister Pralhad Joshi said on Wednesday, amid concerns over stocks being too low to meet the power demand.

Tesla may source parts worth $1.9 bn from India this yr: Goyal

Electric vehicle maker Tesla is looking to source components worth around $1.9 billion from India this year, commerce and industry minister Piyush Goyal said on Wednesday.

Nod for eCourts 3rd phase, 7.5 mn free gas connections

Cabinet also clears Cyprus-based investor's 9,589 crore deal for 76.1% in Suven Pharma

Go First lenders jittery on interim finance

Lenders to Go First have turned wary of extending more loans to help the grounded airline return to skies, two people aware of the matter said, given the protracted legal battle between the company’s lessors and the resolution professional. The banks had agreed to grant an interim financing of ₹600-700 crore to help the low-cost airline take off with a lean fleet and stay afloat.

GE Health plans mfg hub in India

Medical technology giant GE HealthCare plans to scale up manufacturing in India and has chosen the country as part of its strategy to diversify beyond China, a top executive said.

Offshore properties may face scrutiny

Real estate assets hidden abroad may come under scrutiny after a global framework of real-time data sharing by national authorities takes effect, marking the next frontier in governments’ efforts to combat tax evasion and money laundering.

Apple Unveils iPhone 15 With 48-Megapixel Camera

Apple Inc. on Tuesday unveiled a new iPhone 15 with a brighter display and a 48-megapixel camera as well as 100% recycled cobalt in its battery, amid a global smartphone slump and problems with sales in China.

US Open: How Djokovic Is Rewriting Tennis History

After winning three majors, reaching the finals of Wimbledon and reclaiming the World No.1 spot, Djokovic is the master of his universe