CATEGORIES

Two-wheeler cos go on a joy ride

The automobile industry played a pivotal role in boosting overall corporate earnings growth during the December quarter (Q3FY24), with most automakers experiencing a year-on-year increase in sales volumes last quarter, positively impacting their revenue performance.

RIL-backed AI service in Mar

The model will work in 11 local languages in four fields: healthcare, governance, financial services and education

UiPath's Dines eyes next leap in AI: Human-like reasoning

Generative artificial intelligence (GenAI) models can increase business productivity manifold, but the world will need a bigger breakthrough for these models to develop human-like reasoning capability, UiPath co-founder Daniel Dines, who stepped down as co-chief executive to take over as chief innovation officer (CIO) of the enterprise automation software company, said in an interview on his visit to Bengaluru for the inauguration of its first office outside Romania. Daniel also shared his views on how robotic process automation (RPA) is used with GenAI to enhance customer experience. Edited excerpts:

CCI rolls out new regime to nudge cartel members to come clean

The govt introduced the regime, as cartels are among the worst forms of anti-competitive practices

Asthma drug sales spike in Jan

Other leading sales at pharmacies were for cardiac drugs, anti-infection and gastrointestinal medicines

Relief for biz as bankruptcy cases by vendors decline

Bankruptcy cases initiated by operational creditors drop; those by financial creditors rise

Politics takes a fancy to digital influencers

When PM Modi completed nine years in office, the BJP gathered around 500 social media influencers for a celebration

iBus to get $200 mn from NIIF

Once concluded, this will be the Master Fund's second investment in digital infrastructure

My11Circle is IPL official partner

Fantasy gaming app My11Circle on Wednesday won the race to be an official partner of the Indian Premier League (IPL), bidding ₹125 crore per year for a period of five years.

'Willing to bear any fert subsidy cost'

Union chemicals and fertilizer minister Mansukh Mandaviya on Wednesday said the Centre is willing to spend whatever is required on fertilizer subsidy to protect farmers' interests. This comes at a time when thousands of farmers from Punjab are marching towards the national capital to press the government to accept their demands, including a legal guarantee on the minimum support price (MSP) for 23 crops.

Stock Markets Keep Bull Run On For Day 6

Benchmark Sensex spurted by 349 points while Nifty scaled a fresh lifetime high on the sixth straight day of gains on February 20, driven by buying in banking and select FMCG shares.

Hotel Margins To Sustain Amid Rising Costs In FY25: ICRA

Icra anticipates a slowdown in revenue growth to 7-9% in FY25, following a strong 14-16% growth in FY24

Can Dara Fix Uber's Rickety Ride In India?

The CEO of Uber has big plans for India. But competition and tighter regulations may spoil the pitch

Data Show Economy Is Booming. Wall Street Thinks Otherwise

Recent CPI and producer-price index reports both pointed to an unexpected increase in price pressures in Jan

We need to forge our own paths for a sensible energy transition

Developing countries taking climate action should watch out for the costs that a rushed transition to renewables may impose

India Inc must get more competitive on growth

A McKinsey study spotlights the growth imperative: businesses must compete on this score within their industry, not just aim to outpace GDP. It's what competitive markets demand

Farmers resume 'Delhi Chalo', Munda urges peace

Farmers reject Centre's proposal to buy pulses, maize and cotton crops at MSP

Megaprojects in the desert sap Saudi Arabia's cash

Saudi's sovereign-wealth fund last month said its cash levels as of September had fallen by nearly 3/4th

Creative professionals bullish on OpenAI Sora amid IP woes

Sora is not the absolute first of its kind, and faces competition from the likes of Runway, and Synthesia

'India's AI market to reach $17 bn by 2027'

Growth will be fuelled by higher enterprise tech spending, AI talent base

Pocket FM to invest $40 mn in Pocket Novel, expand reading library

Audio series platform Pocket FM will invest $40 million in its online reading service Pocket Novel to enhance the latter's presence in the literary landscape and develop intellectual properties over the next year, said Rohan Nayak, co-founder and CEO, Pocket Novel.

Bigbasket quickens slotted deliveries to within 2 hours

One-hour delivery likely to be introduced in a few months, says company CEO Hari Menon

Proof needed Greenwashing: for claims, say draft norms

All green claims made by a person or an organization must be supported by verifiable evidence, according to new draft guidelines released on Tuesday for preventing greenwashing.

Laptop, tablet shipments fall

Shipments of laptops, desktops and tablets declined in India in 2023, hurt mainly by slow commercial deals from companies and lack of government contracts.

EIH told to hand Wildflower over Hall to HP govt

The legal battle between EIH and the HP govt over the heritage property in Shimla began 20 years ago

JSW Group eyes multiple global auto OEM alliances

The discussions could culminate in a three-way deal or two separate joint ventures

Private sector firms must help push up capex: RBI bulletin

Reserve Bank of India officials have exhorted private companies to lead the way in expanding capital expenditure, a space dominated by the government.

Ireda planning arm to finance rooftop solar, electric vehicles

State-run Indian Renewable Energy Development Agency Ltd (Ireda) is planning to set up a subsidiary to finance business to consumer or retail segments including rooftop solar installations and electric vehicles (EV).

Volume growth to be in focus for Coal India

Coal India Ltd's (CIL) realization from coal sold through the e-auction route picked up sequentially in the three months ended December (Q3FY24), after falling for four straight quarters.

Jungle Ventures doubles down on F&B

Singapore-based venture capital firm Jungle Ventures, known for backing unicorns like Moglix and Livspace, has doubled down on its initial investment in the food and beverage sector, injecting $20 million (₹166 crore) into homegrown ice cream maker Walko Food Co. Pvt. Ltd.