In this issue

May 24, 2023

'Indian banks in good shape, but early to call it too good'

Ex-RBI deputy governor says banks need to sustain their current resilient structure

3 mins

'Safer Internet' for children in Digital India Bill

Draft to be released by first week of June

3 mins

At 105 kmph, Simple Energy launches India's 'fastest' e-bike

Bangalore-based electric vehicle (EV) start-up Simple Energy on Tuesday launched the Simple One electric scooter (e-scooter) manufactured at its facility in Shoolagiri (Tamil Nadu), strengthening northwestern Tamil Nadu's Hosur-Krishnagiri-Dharmapuri (HKD) industrial belt as a hub for EVS and ancillary units.

1 min

Onus on you to find 5G viability: Govt to telcos

'Can't seek lower levy due to high cost of 5G infra'

2 mins

5 of India's 10 richest realty barons saw wealth erode last year

Five of India's 10 richest real estate entrepreneurs saw their wealth deplete in the financial year ended March 31, 2023 (FY23), according to the Grohe-Hurun India Real Estate Rich List 2023, which was released on Tuesday.

2 mins

Nirma, KKR, Blackstone in race for Glenmark Life

Ahmedabad-based Nirma group A and leading private equity giants, such as KKR and Blackstone, have joined the race to acquire BSE-listed Glenmark Life Sciences.

1 min

Day 1 of ₹2K note exchange: Banks wait, customers await

Banks differ on procedure to exchange withdrawn currency

3 mins

First climate DFI runs into FinMin roadblock

Ministry ready to offer provisions to ease global climate funding

3 mins

Lower temp likely to have cooled down IIP in Mar, Apr

Lower-than-usual temperatures experienced during March and April this year that led to lower power demand may have had a cooling effect on industrial production, and to a lesser extent, on gross domestic product (GDP).

1 min

It's China's Loss, Not India's: Jitendra Singh At G20 Meet

J&K part of India, Pak has no right to talk about it: Tourism min Reddy

1 min

GatiShakti: Govt looks to develop local areas via national masterplan

After making some progress in the implementation of infrastructure projects through the GatiShakti national masterplan, the government is eyeing area-based planning through which state governments will be able to holistically develop local areas with the help of the data available on the platform.

1 min

Banks shine brightest in 'pale' FY23 for India Inc

The share of their net profit in India's GVA hit a record high of 1%

2 mins

Congress' 5 guarantees to cost ₹45K cr a year

Promises to help offset effects of inflation and income stagnation

3 mins

Papers left on car roof may keep world's biggest N-plant shut

A week after Japanese regulators postponed the restart of the world's biggest nuclear power plant due to safety lapses, a careless employee working from home added to the company's woes.

1 min

Default scenarios span from local pain to 'panic'

Investment bank clients are peppering Wall Street with questions about what happens if the US Treasury in coming weeks runs out of cash and does the unthinkable - failing to make payments due on Treasury securities, the bedrock of the global financial system.

2 mins

'Productive' but no deal: Biden, McCarthy fail to end stalemate

Prez asserts 'default off the table'; key Republican negotiator says 'don't think things are going well'

2 mins

PC shipments Q1, notebooks fell by 30% in fared the worst

The India personal computer (PC) market shipment, inclusive of desktops, notebooks, and workstations, dropped by an overall 30.1 percent in the first quarter of CY2023 over the previous year, to only 2.99 million units, according to the latest data from the International Data Corporation (IDC) Worldwide Quarterly Personal Computing Device Tracker released on Tuesday.

2 mins

India, Australia working on CECA, says PM Modi

Addressing over 21,000 members of the Indian diaspora at a packed Qudos Bank Arena in Sydney on Tuesday, Prime Minister Narendra Modi said India and Australia were working on a Comprehensive Economic Cooperation Agreement (CECA).

2 mins

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