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May 13, 2024

Crypto Firms Bank On Fair Play As Binance Logs Into FIU-IND

The regulatory gap between crypto firms registered with the Financial Intelligence UnitIndia (FIU-India) and unregistered offshore entities is expected to narrow, industry players said, after global crypto players Binance and KuCoin received approvals to register with India's anti-money laundering unit.

2 mins

PUBLIC PROCUREMENT NORMS - Govt may hike local content requirement

The government is planning to tweak its procurement policy to give a fillip to domestic manufacturing.

2 mins

Despite India's renewables push, it's fossil, fossil burning bright

Despite a four-time jump in the country's renewable-energy capacity since 2014, the mainstay of power supply in India continues to be coal-based thermal power.

3 mins

'Want proposed acquirers to be more responsible to Religare'

Value unlocking by Religare Enterprises, which is engaged in a takeover battle with the Burman family, is stalled due to the \"irresponsibility\" of the acquirer, said Rashmi Saluja, the company's chairperson.

2 mins

'Seeing great interest in AI, GenAI from clients'

As the largest information and technology services provider, Accenture is at the forefront of helping customers navigate the challenges of cost pressures and finding new revenue streams. India is a key talent hub for Accenture comprising about 300,000 of its total headcount of 742,318. SANDEEP DUTTA, senior managing director and lead - India Business, Accenture, in an e-mail interview with Ayushman Baruah, talks about the challenges faced by clients and how technologies like generative artificial intelligence (GenAI) can help them stay ahead of the curve. Edited excerpts:

2 mins

A-I global cargo biz takes wing, not so for IndiGo

IndiGo's narrow-body aircraft do not offer adequate space for cargo

3 mins

Weizmann to move court against Western Union on trademark, logo issue

Mumbai-based Weizmann, part of a diversified group, will take to court its former partner Western Union Holdings, the American money-transfer giant, alleging that the USbased company has imitated its trademark and logo.

1 min

'Have restrained ourselves from taking the SFB route'

CreditAccess Grameen is the largest microfinance institution (MFI) in the country with a loan book of around ₹25,000 crore. UDAYA KUMAR HEBBAR, managing director (MD) and chief executive officer (CEO), in a telephonic interview, tells Manojit Saha that it is diversifying its loan portfolio by increasing the share of non-micro loans and the liability book by raising funds internationally. Edited excerpts:

3 mins

96 Lok Sabha, 203 Assembly seats go to polls today

Ninety-six Lok Sabha (LS) constituencies across 10 states and Union Territories will vote in the Phase-IV of the elections on Monday.

2 mins

EAR TO THE GROUND - Fiery fight on cards in chilli capital

Locals call it a city with a fiery underbelly.

3 mins

With 'Kejriwal's guarantees', AAP turns up the heat on BJP

Delhi Chief Minister Arvind Kejriwal spent his first 48 hours outside jail holding two political discourse-setting press conferences, the first of which, on Saturday, forced the top leadership of the ruling Bharatiya Janata Party (BJP) to clarify that Prime Minister Narendra Modi will not retire once he turns 75.

2 mins

Fight for the future: BJP, Cong pull out all stops for Pune seat

The contest for the Pune Lok Sabha seat, an urban constituency, is primarily between the Mahayuti candidate Murlidhar Mohol representing the Bharatiya Janata Party (BJP) and his Maha Vikas Aghadi rival Ravindra Dhangekar of the Congress.

1 min

Telangana parties' quest to find their political equilibrium

While Congress faces acid test, BJP feels pressure to prove potential, and BRS fights to stay relevant; industry pushes for MSME benefits and GST easing. SHINE JACOB decodes

3 mins

A thorn in Behenji's side: Nephew's removal signals BSP's identity crisis

WEIGHT OF LEADERSHIP? With Mayawati's throne in peril, a churn in Dalit politics in UP, and allegations the BSP had become 'BJP's B-team', could eventually turn the tide,

4 mins

Traders should opt for AEO recognition

Last Wednesday, the World Customs Organisation (WCO) began a three-day global conference on Authorised Economic Operators (AEO) programme in Shanghai, China to deliberate on the theme 'Harnessing the Power of AEO Programmes for Inclusive and Sustainable Global Trade.

2 mins

SBI to hire over 15K in FY25 to boost ops, expand network

State Bank of India (SBI) is planning to recruit over 15,000 people in 2024-25, increasing the strength of those in the field for marketing.

1 min

India may export 18 mt of rice in 2024-25: USDA

India will remain a leading player in the world rice market despite restrictions, according to a recent projection by the United States Department of Agriculture (USDA).

1 min

'Over 300,000 Gazans fled Rafah'

The main United Nations agency aiding Palestinians in Gaza said early Sunday that about 300,000 people had fled over the past week from Rafah, the city in the enclave's southernmost tip where more than a million displaced Gazans had sought shelter from Israeli bombardments elsewhere over the past seven months.

2 mins

US aims to stay ahead of China in using AI to fly fighter jets

Two Air Force fighter jets recently squared off in a dogfight in California.

2 mins

SoftBank arm plans to launch Al chips next yr

SoftBank Group's Arm Holdings plans to develop artificial-intelligence (AI) chips, seeking to launch the first products in 2025, Nikkei Asia reported on Sunday.

1 min

Pfizer, AstraZeneca line up $1 billion investments in France

Leading healthcare companies Pfizer and AstraZeneca announced on Sunday new investments in France worth a total of nearly $1 billion, ahead of the start of this year's annual 'Choose France' business summit.

1 min

China credit shrinks for first time

Credit contracts as government bonds record net repayment

2 mins

Can a 1970s idea save democracy today?

The American political theorist John Rawls may be known for abstractions like \"the original position\" and \"the difference principle,\" but any mention of his name puts me in mind of something decidedly more tangible: Cake.

3 mins

Lost a shock absorber

Exchange-rate flexibility is a shock absorber.

4 mins

New economy, old habits

The world is fast-tracking the transition to a green economy.

3 mins

Migration matters

Mobility must remain a priority for economic diplomacy

2 mins

Stuck in neutral? TaMo's upsides may sputter on demand worries

STILL REVS UP FOR ROAD AHEAD: Automaker optimistic despite current roadblocks, banking on economic growth and government support to accelerate progress

2 mins

Futile to link market movements with poll-related jitters'

The ongoing Lok Sabha (LS) elections in 2024, coupled with the declining voter turnout, have left investors speculating about the election results. NILESH SHAH, managing director at Kotak Mahindra Asset Management Company, shares his insights on these developments, explores whether the initial low voter turnout is causing concern in the markets, and delves into investment strategies against this backdrop during a Zoom call with Puneet Wadhwa. Edited excerpts:

2 mins

Diversify your bond portfolio across credit ratings, issuers

Examine financials and repayment track record of each promoter

4 mins

Bank accountable for clearing forged cheque

Sameer Jain, proprietor of Net Solutions, held a Business Gold Account with IDBI Bank, Chandigarh Branch.

2 mins

Eyes On Earth: Data Helps Farming And Industry

Tremendous strides are being made in Earth observation (EO) and agriculture technology (agritech) as the world braces for the impact of climate change.

2 mins

Over 250,000 Infosys employees are trained in GenAI

MOHAMMED RAFEE TARAFDAR, chief technology officer (CTO) of Infosys, is driving the information technology (IT) services firm's artificial intelligence (AI) strategy.

3 mins

Chip service that suits all needs

GPUaaS makes an expensive piece of computing technology available to the wider world, reports ASHUTOSH MISHRA

4 mins

What ails public sector banks?

Two books written by public sector bankers flag symptoms that range from seemingly small episodes to serious, reputation- ruining actions

5 mins

APEX CAPEX

How is govt capital expenditure driving India's growth? Will RBI's suggested provisioning affect it?

4 mins

India yet to pull the plug on its Covid vaccination drive

Experts feel paid vaccine shots should continue to be available for elderly and comorbid

3 mins

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