CATEGORIES

Taming the unicorns

Attention to institution building is critical

Internship opportunity

Progress will need to be monitored

Saudi Arabia's ambitious tech leap

The kingdom is leveraging advanced technology to fuel growth and position itself among the countries leading the governance of cyberspace

4 mins |

A $700 billion war chest

Increasing geopolitical tensions in West Asia have put pressure on the Indian rupee, which breached the 84 mark against the US dollar last week. There are primarily two reasons why the rupee could witness volatility if the conflict escalates. First, the conflict could increase risk aversion among foreign investors, resulting in capital outflows. Second, it could potentially disrupt the supply of crude oil, leading to a significant increase in prices. Since India imports the bulk of its crude oil needs, this could increase dollar demand. Higher energy prices are always a risk for India. While oil prices are currently within a manageable range, India seems confident of dealing with global financial and energy market volatility. One of the key sources of this confidence is its massive foreign exchange reserves. It crossed the $700 billion mark recently.

4 mins |

Jaishankar in Pak for SCO meet, 1st EAM visit in 9 yrs

External Affairs Minister S Jaishankar Tuesday exchanged pleasantries with Pakistan Prime Minister Shehbaz Sharif, hours after landing in the Pakistani capital to attend a conclave of the Shanghai Cooperation Organisation (SCO).

Goldman Q3 profit jumps 45%

Goldman Sachs' third-quarter profit jumped 45 per cent, fueled by a rebound in bond sales, stock offerings and mergers, sending its shares up more than 3 per cent in pre-market trading.

VW, BMW, and Mercedes are getting left in the dust by China's EVs

Ryan Xu was a dream customer for Germany's automakers. The Guangdong-based entrepreneur and her husband own a Porsche 911 and a Mercedes-Benz G-Class and were among the first buyers of the electric Porsche Taycan.

Boeing to raise $25bn amid crippling strike

Company also enters into $10 bn credit agreement with banks

Hezbollah threatens Israel but also calls for ceasefire

Hezbollah's deputy chief Naim Qassem said on Tuesday the Iran-backed group would inflict \"pain\" on Israel but he also called for a ceasefire as a conflict rages between them in south Lebanon.

Showcause notice only a demand notice and not an adjudicating order

We have received a show-cause notice (SCN) alleging willful mis-declaration with intent to evade duty, in a matter of classification.

‘Same old Trudeau, same old things’: India rejects charges

Canadian police had alleged links between Bishnoi gang and Indian govt agents 'to target South Asian community'

Canada FDI has more than doubled since pandemic

Canada's foreign direct investment (FDI) into India doubled after the pandemic years even as India's own investments into Canada show signs of slackening in recent years.

Students eye greener pastures as Canada dream turns sour

The recent diplomatic standoff between India and Canada is likely to further impact the students' interest to pursue higher education in the North American country, which was already on wane for some time now.

Impact on trade, investment not likely amid row

The dramatic escalation of diplomatic tensions between India and Canada is unlikely to hurt trade and investment ties between the two nations, a senior government official said.

OUTWARD FDI FELL BY $900 MN TO $3.7 BN IN SEP

India's outward foreign direct investment (FDI) commitments declined by about $900 million to $3.72 billion in September 2024, compared to $4.63 billion in September 2023.

WORLD BANK REPORT: 129 mn Indians living in extreme poverty in 2024

Almost 129 million Indians are living in extreme poverty in 2024, on less than $2.15 (about ₹181) a day, down from 431 million in 1990, the World Bank said in report on Tuesday.

‘50 new payment apps keen on joining UPI despite 0 MDR’

The absence of merchant discount rate (MDR) is not deterring new participants to join the UPI ecosystem, with 50 new third-party application providers (TPAPs) keen on boarding the real-time payments' rails, a senior official of the National Payments Corporation of India (NPCI) has said.

SURGE IN SILVER, PLATINUM ALLOY SHIPMENTS: UAE to address India concerns on imports

The United Arab Emirates (UAE) has agreed to look into India's concerns over compliance to rules related to the import of silver products, platinum alloy and dry dates, the commerce department said on Tuesday.

Inflation may align with target in FY26: RBI dy guv

Patra says climate, tech risks seen as a threat to inflation-targeting

PM for global digital tech framework

Prime Minister Narendra Modi has called for establishing a global framework for digital technology.

In five years, Tatas plan 500K manufacturing jobs

Tata Group plans to generate 500,000 manufacturing jobs over the next five years, Chairman N Chandrasekaran said on Tuesday, while stressing that India cannot achieve its development goals without creating manufacturing jobs.

Not price cut, but discounts: Ola Electric on ARAI notice

Ola Electric on Tuesday told exchanges that it has not changed the price of the S1 X2 kWh model and was just doling out festival discounts, about a week after it was issued a notice by Automotive Research Association of India (ARAI) asking why it was not informed about the price cut.

Festival season, discounts boost Ola Electric sales

Under regulatory scanner, Bengaluru-based Ola Electric has witnessed an uptick in its sales after facing a decline during the last few months.

‘India's goal should be to have 10-plus fabs by 2030’

India's third largest IT services player HCLTech's Q2 FY25 numbers beat estimates on growth and profits. Chief executive officer (CEO) and managing director (MD) C VIJAYAKUMAR sounded confident about the macro situation, saying discretionary spend was better in Q2 than Q1. In a video interview with Shivani Shinde, he talks about growth triggers, spend mindset and GenAI deal growth. Edited excerpts:

‘Indian data should remain in Indian data centres’

Reliance Jio Chairman Akash Ambani on Tuesday appealed to the Centre to expedite the updating of draft of the 2020 data centre policy, and called for storing Indian data in local data centres.