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FM Urges India Inc To Step Up Participation In Internship Scheme

Financial Express Pune

|

March 18, 2025

Finance Minister Nirmala Sitharaman exhorted India Inc on Monday to step up their participation in the PM Internship Scheme (PMIS), hailing it as "a national cause".

- MANU KAUSHIK

The finance minister said that for a "country of our size", and with the objective that top 500 companies participate in the programme, there's still some way to go.

"I would appeal to industry to make sure that the rest of them — beyond 300 companies which have come forward — should also participate. This is a national cause. Nobody is expecting you to cut profit or face loss. The government is chipping in money. We need to give that confidence to our youth. We need our youth to understand what it takes to get into such top 500 companies if they ready themselves," Sitharaman said.

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Musk: AI robots will eventually outnumber us

ELON MUSK, A longtime critic of the World Economic Forum's (WEF) annual event in Davos, Switzerland, appeared at the gathering for the first time on Thursday, and predicted that robots will eventually outnumber humans.

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Walmart to sell ₹9,173-cr stake in PhonePe IPO; Microsoft to exit

FINTECH MAJOR PHONEPE'S upcoming initial public offering (IPO) will see its parent Walmart partially offloading its stake, while investors Tiger Global and Microsoft Global Finance will look to sell their entire holdings.

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FIEO seeks aid for India-flag shipping lines

THE UNION BUDGET should provide policy and fiscal support for development of global-scale shipping lines that could save $40-50 billion annually through freight outflows, Federation of Indian Export Organisations (FIEO) has suggested.

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AI gets a seat at the C-suite hiring table

Algorithms do leadership searches but the final call stays human

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January 23, 2026

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Global OEMs coming to India for testing

IN A NOTABLE shift, foreign automotive OEMs are now coming to India to test their vehicles. For many years, Indian automotive OEMs had to send their vehicles abroad for testing, but that trend is changing.

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Trump's Board of Peace off to a rocky start in Davos

G7 COUNTRIES OPT TO STAY ON THE SIDELINES

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RBI conducts $2-billion-plus foreign exchange swaps to blunt intervention hit

THE RESERVE BANK of India has conducted more than $2 billion in foreign exchange (Fx) swaps over the last two days to offset the drain in liquidity caused by spot dollar sales, bankers said, suggesting a focus on containing currency pressures without exacerbating banking liquidity tightness.

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Emergent eyes production-grade AI software

EMERGENT, A YEAR-OLD artificial intelligence (AI) startup founded by Dunzo co-founder Mukund Jha, is positioning itself around the idea that the next phase of software creation will be driven by non-programmers building full-fledged applications using Al, ratherthan developers writing code line by line.

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January 23, 2026

Financial Express Pune

Balaji Wafers sells ₹2,500-cr stake

General Atlantic takes 7% in firm

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January 23, 2026

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Vi hikes family postpaid tariffs

Hikes of 7-9% likely; focus on higher-end plans

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January 23, 2026

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