CATEGORIES

Upgradation trend consistent even in rural

Unilever is focusing harder on its core pillars in the food business in India and is determined to make it grow, company's Chief Executive Officer Hein Schumacher said.

ITC net profit up 1.9%, revenue jumps 16%

Diversified conglomerate ITC on Thursday reported a 15.6 per cent year-on-year (Y-o-Y) increase in consolidated revenue in the July to September quarter (Q2FY25), while the net profit was up 1.9 per cent amid muted demand conditions.

Cabinet nod to ₹7,798 crore railway, space initiatives

BOOSTER FOR ANDHRA PRADESH, BIHAR

Disputes must be settled by dialogue: EAM at Brics

Calls for correcting distortions in global infra that are colonial era legacy

Buch skips House panel meet; hearing deferred amid protests

The meeting of Parliament's Public Accounts Committee (PAC) on Thursday was postponed after Securities and Exchange Board of India (Sebi) chairperson Madhabi Puri Buch, who was slated to appear before the panel, conveyed her inability to attend it.

Tighter norms may hit credit growth: ICRA

A raft of regulatory actions, including a ban on fresh lending by some regulated entities and tighter funding conditions, may lead to a steady slowdown in credit growth for banks and non-banking financial companies (NBFCs), according to rating agency ICRA.

Omar discusses J&K security situation in meet with Modi

Jammu and Kashmir Chief Minister Omar Abdullah, who is on his first official visit to Delhi after assuming office, called on Prime Minister Narendra Modi on Thursday and discussed the present security situation in the state and development works.

Grain-based ethanol makers seek procurement price hike

Grain-based distilleries have asked the Centre to direct oil marketing companies (OMCs) to urgently raise the procurement price of ethanol produced from maize and damaged foodgrains to save them from incurring heavy losses in running their plants.

Global telecom body to prioritize int'l standards on DPI, AI after India push

The World Telecommunication Standardization Assembly (WTSA 2024) has adopted two key resolutions proposed by India on digital public infrastructure (DPI) and artificial intelligence (AI).

Power Grid, Indian Bank raise ₹5K cr each in single day

State-owned Power Grid Corporation of India Ltd (PGCIL) on Thursday raised ₹5,000 crore by selling 10-year bullet bonds at a coupon rate of 7.08 per cent.

IndusInd net profit falls 40% to ₹1,331 cr

A rise in provisions led to a 39.5 percent year-on-year (Y-o-Y) decline in IndusInd Bank's net profit to ₹1,331.29 crore for the second quarter of the current financial year (Q2FY25).

Business activity rises in Oct, job creation improves: PMI data

The private sector economy picked up slightly in October after softening last month as manufacturing reported stronger demand, according to a survey that also showed job creation rose at the fastest pace since February 2006.

Expect some clarity on MTNL resolution this quarter

UCO Bank is planning to raise up to ₹2,000 crore through qualified institutional placement (QIP) in the December quarter to meet minimum public shareholding (MPS) norms.

80 FLIGHTS GET THREAT

Share data on hoax bomb calls, govt tells X, Meta

FinMin to review PSBs co-lending, MSME credit

DFS secy M Nagaraju to chair meeting on November 5

Centre, states to review labour code rollout at Dec meet

For rolling out the four new labour codes and discussing labour-welfare policies, the Union labour ministry is likely to convene a meeting with the labour ministers of all the states and Union Territories (UTs) in early December to gauge their preparedness, sources said.

RBI turned down request to appoint ex-CBI official on board: Religare

Religare Enterprises, a financial services firm, has disclosed that the Reserve Bank of India (RBI) turned down its application to appoint Rakesh Asthana as its whole-time director in May this year without citing any reasons.

Sitharaman for deeper global dialogue on debt

FM calls for sustainable financing, MDB reforms at global roundtable

FWA users go past FTTH, consume 600 GB data a month

Just over a year after its launch, fixed wireless access (FWA) homes—powered by 5G—are consuming data at unprecedented levels.

AI compute capability likely by mid-2025

The Central government's ambitious India AI mission will finally take off as AI compute capabilities will be available by the mid-year 2025, a senior government official said on Thursday.

Minister urges Airbus to make commercial aircraft in India

Aviation Minister K Rammohan Naidu on Thursday exhorted European aircraft maker Airbus to start manufacturing commercial planes and train helicopter pilots in India.

Vistara planes to replace Air India's on metro-to-metro routes after merger

Vistara's aircraft, having better interiors, will replace Air India's planes on major metro-to-metro routes between Delhi, Mumbai and Bengaluru after the merger of both carriers next month, sources privy to the development said on Thursday.

Develop new tech to make AI safe

JENSEN HUANG, founder and chief executive officer, Nvidia, says India has a big role in exporting intelligence. In a media briefing he speaks of the partnership with Reliance, diversifying its relationship beyond TSMC, and making artificial intelligence (AI) accessible to the masses. Edited excerpts:

India Inc revenue growth in Q2 likely slowest in 4 years

The revenue growth of Indian companies for the July-September quarter is estimated to be 5-7 per cent year-on-year (Y-o-Y), marking the slowest growth in 16 quarters, rating agency CRISIL said on Thursday.

Project stalling rate eases to 12-yrlow

In an indication of a better investment situation, the rate at which private projects are getting stalled has fallen to its lowest levels in over a decade.

Nvidia, RIL join forces to build AI computing infra

American chip firm also expands ties with Infosys, Wipro, TCS and TechM

MF investors bet over ₹17K crore on key equity schemes amid selloff

Demonstrating resilience, mutual fund investors pumped nearly ₹17,100 crore into key equity schemes on a net basis over the past few weeks despite a heavy selloff in the markets.

Blinken Urges Ceasefire In West Asia As Israel Bombs Lebanese Port City

US Secretary of State Antony Blinken pushed on Wednesday for a halt to fighting between Israel and militant groups Hamas and Hezbollah, but heavy Israeli air strikes on a large historic Lebanese port city demonstrated that there was no respite.

Dialogue And Diplomacy Only Way Forward: Modi At BRICS

India believes dialogue and diplomacy are the only way forward to resolve conflicts, Prime Minister Narendra Modi said at the 16th Brics Summit in Kazan on Wednesday.

IIFL Finance posts ₹93 crore net loss

IIFL Finance Ltd reported a consolidated net loss of 93 crore in the quarter ended September 2024 (Q2FY25) as the non-banking finance company (NBFC) made a 100-per cent provision of ₹586.5 crore for security receipts (SRS) in the quarter.