CATEGORIES

Financial Express Hyderabad

EU plans $11-bn satellite network to rival Starlink

THE EUROPEAN UNION (EU) is committing to build a €10.6 billion ($11.13 billion) constellation of satellites that will provide the bloc with encrypted global internet connectivity in a bid to provide a homegrown alternative to Elon Musk's Starlink.

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1 min  |
December 17, 2024
Upgrade cross-border payments
Financial Express Hyderabad

Upgrade cross-border payments

With India being the world's largest recipient of remittances since 2022, the urgency to modernise its payment systems has never been greater

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3 mins  |
December 17, 2024
Financial Express Hyderabad

High reinsurance costs a bigger worry for life insurers

Aditya Birla Sun Life Insurance (ABSLI), which ended FY24 with around ₹17,500 crore in gross written premiums (GWP), aims to double its business in the next three years.

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2 mins  |
December 17, 2024
Financial Express Hyderabad

HDFC Bank gets warning from Sebi, second in a week

HDFC BANK ON Monday said it has received a second administrative warning from the Securities and Exchange Board of India (Sebi) within nearly a week, due to a three-day delay in disclosing the resignation of its mortgage business head Arvind Kapil in March this year.

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1 min  |
December 17, 2024
Despite CRR cut, call rates jump above MSF
Financial Express Hyderabad

Despite CRR cut, call rates jump above MSF

TOUGH ROAD AHEAD

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2 mins  |
December 17, 2024
Financial Express Hyderabad

PSBs split over perquisite tax liability for employees

SBI, BOB cover tax; PNB, Union Bank offer loans to staff

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2 mins  |
December 17, 2024
Financial Express Hyderabad

RBI governor urges colleagues to strive for perfection

RBI GOVERNOR SANJAY Malhotra on Monday urged staff to aim for perfection in their duties, emphasising continuous improvement as the institution enters a new era.

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1 min  |
December 17, 2024
Financial Express Hyderabad

Lobana appointed Google's India V-P

Preeti Lobana will succeed Sanjay Gupta

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1 min  |
December 17, 2024
Financial Express Hyderabad

Adani, Ambani drop out of elite $100-billion club

HE'S BEEN FIGHTING to shore up investor confidence after short seller Hindenburg Research last year published a report accusing the firm of fraudulent practices.

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2 mins  |
December 17, 2024
Financial Express Hyderabad

79% firms may raise AI spending in 2025

AS MANY AS 79% of surveyed organisations are planning to increase their AI budgets in 2025, an increase of 41% from 2024, driven by confidence in the return on investment the technology is poised to bring, said cloud-based software-as-a-service company Freshworks’ AI Workplace Report.

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1 min  |
December 17, 2024
2024 to end with record office space leasing: Report
Financial Express Hyderabad

2024 to end with record office space leasing: Report

INDIA'S OFFICE LEASING market is expected to achieve a milestone in 2024, with gross leasing volumes (GLV) projected to reach 83-85 million sq ft, marking a 13% year-on-year increase over the previous peak in 2023, a report said on Monday.

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1 min  |
December 17, 2024
Financial Express Hyderabad

Trade deficit widens to record high

THE UNIT PRICE of petroleum products exported from India fell to $627.16 per tonne in April-October this year from $800 per tonne in April-October 2023.

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2 mins  |
December 17, 2024
Financial Express Hyderabad

India leading in AI adoption: Report

INDIAN ENTERPRISES ARE leading in the adoption and experimentation with artificial intelligence as compared to the global average, according to a report by data integration, analytics, and artificial intelligence (AI) service provider Qlik.

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1 min  |
December 17, 2024
Financial Express Hyderabad

Swiss tax action won't impact trade pact: Official

THE DECISION OF Switzerland to suspend the most favoured nation clause in its Double Taxation Avoidance Agreement with India will not have any impact on the investment commitments under the Trade and Economic Partnership Agreement that the European Free Trade Association (EFTA) has signed, commerce secretary Sunil Barthwal said on Monday.

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1 min  |
December 17, 2024
Financial Express Hyderabad

Aide's confession: Bishnoi said special facilities for him in Sabarmati prison

FOR THE FIRST time, a close associate of Lawrence Bishnoi has claimed in a \"judicial confession\" that the arrested gangster has access to cellphones inside Gujarat's Sabarmati Central Jail where he is currently lodged.

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2 mins  |
December 17, 2024
After NC, TMC questions EVM talk, Cong claims issue only with EC
Financial Express Hyderabad

After NC, TMC questions EVM talk, Cong claims issue only with EC

AFTER JAMMU AND KASHMIR chief minister and National Conference (NC) leader Omar Abdullah's dismissal of objections raised by Congress leaders against EVMs, fellow INDIA bloc member Trinamool Congress (TMC) said Monday that there was nothing substantial in the allegations of EVM manipulation.

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2 mins  |
December 17, 2024
Financial Express Hyderabad

Lack of skills, data complexity hindering AI adoption in India

As Indian enterprises increasingly adopt artificial intelligence (AI), significant barriers such as a lack of expertise, insufficient tools, and data complexity remain. IBM India & South Asia managing director Sandip Patel talks to Jatin Grover about how small AI models are driving cost efficiency, IBM's role in chip design, and evolution of AI adoption in India. Excerpts:

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2 mins  |
December 17, 2024
₹16K cr needed for charging infra by '30: Report
Financial Express Hyderabad

₹16K cr needed for charging infra by '30: Report

THE PENETRATION OF electric vehicles (EVs) in India is running significantly behind schedule, with most segments failing to reach even the 5% market share level. This is owing to a variety of factors, including steep acquisition costs and inadequate charging facilities, said analysts.

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2 mins  |
December 17, 2024
Financial Express Hyderabad

Drug recalls from US raise export concerns

THE RECENT DRUG recalls by US arms of Indian drugmakers have turned the spotlight back on quality issues faced by the domestic pharma companies in the lucrative export market.

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1 min  |
December 17, 2024
Financial Express Hyderabad

WPI inflation eases to 1.89% in Nov as food prices soften

INFLATION BASED ON the wholesale price index (WPI) eased to a three-month low of 1.89% in November from 2.36% in October, thanks to a sharp fall in the prices of key food items such as vegetables and pulses, official data released on Monday showed.

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1 min  |
December 17, 2024
Strong local demand drives flash PMI to 4-month high
Financial Express Hyderabad

Strong local demand drives flash PMI to 4-month high

ECONOMIC ACTIVITY EXPANDED at a robust pace in December, mainly due to an uptick in domestic demand conditions.

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1 min  |
December 17, 2024
Petroleum product exports up 3% in Apr-Nov
Financial Express Hyderabad

Petroleum product exports up 3% in Apr-Nov

SMOOTH FLOW

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2 mins  |
December 17, 2024
Financial Express Hyderabad

Govt to allow self-approval for PF withdrawals from next fiscal

EPFO to avail cash credit to address any liquidity crunch

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2 mins  |
December 17, 2024
Financial Express Hyderabad

Raj Kapoor's anniversary celebrated in Pakistan

PAKISTANI CULTURAL ENTHUSIASTS and film lovers gathered at the iconic Kapoor House in Peshawar on Saturday to celebrate the 100th birth anniversary of legendary Bollywood filmmaker and actor Raj Kapoor.

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1 min  |
December 16, 2024
Financial Express Hyderabad

Can't tax upper middle class more, says Piketty

Describing India's decision to impose a wealth tax way back in 1957 as trying to do too much too fast,\" French economist Thomas Piketty, regarded most for his passionate advocacy of taxing the wealth of billionaires to reduce inequalities, says there's no way the government can increase tax on the upper middle class and middle Indian entrepreneurs unless it demonstrates people at the top pay a higher tax rate.

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2 mins  |
December 16, 2024
Financial Express Hyderabad

Decoding the rise of Tollywood in North India

SOUTH RULES THE ROOST

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3 mins  |
December 16, 2024
Tabla maestro Zakir Hussain critical after heart ailment
Financial Express Hyderabad

Tabla maestro Zakir Hussain critical after heart ailment

TABLA MAESTRO ZAKIR Hussain has been admitted to the ICU of a San Francisco hospital with heart-related problems, his friend and flautist Rakesh Chaurasia said on Sunday.

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1 min  |
December 16, 2024
Financial Express Hyderabad

39 ministers join Fadnavis government

THE MUCH-AWAITED CABINET expansion of the Devendra Fadnavis-led government in Maharashtra took place on Sunday with 39 ministers taking oath at a function in Nagpur.

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1 min  |
December 16, 2024
Financial Express Hyderabad

Do not criticise EVMs when results not in favour: Omar

OPENING ANOTHER POINT of friction with an important ally, Jammu and Kashmir Chief Minister Omar Abdullah has dismissed the Congress party's vehement objection to Electronic Voting Machines, and echoed the BJP's defence — you can't accept election results when you win, and blame EVMs when you lose.

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1 min  |
December 16, 2024
Financial Express Hyderabad

Delhi govt plans to set up AI labs in schools

THE DELHI GOVERNMENT has announced plans to set up Artificial Intelligence (AI) Labs in select schools under its jurisdiction to foster advanced technological learning and innovation among students.

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1 min  |
December 16, 2024