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NEW DELHI: Smoking has long been associated with weight management due to its appetite-suppressing effects. However, the detrimental health consequences of smoking far outweigh any perceived benefits, a recent research has suggested, highlighting that smoking, while potentially suppressing appetite, can lead to the accumulation of unhealthy abdominal fat, particularly...
UNITED NATIONS: The General Assembly is set to vote Thursday on what would be the first United Nations resolution on artificial intelligence, aimed at ensuring the powerful new technology benefits all nations, respects human rights and is “safe, secure and trustworthy.” The United States, which sponsored the resolution, has...
NEW DELHI: The Paris-based World Inequality Lab, with pathbreaking work into income and wealth inequality in recent years, has a paper out on the state of inequality in India. Titled, Income and Wealth Inequality in India, 1922-2023: The Rise of the Billionaire Raj, it has found on analysing data...
MUMBAI: The first major India-China joint venture took off in the car industry with $110-billion Chinese automotive behemoth SAIC, which owns and operates MG Motor brand, partnering homegrown steel major JSW to manufacture cars for Indian and global markets. Sajjan Jindal, chairman of JSW group, said cumulative holding of...
NEW DELHI: The National Company Law Appellate Tribunal (NCLAT) has directed 11 public sector lenders not to take coercive action against IL&FS and its group companies till its next hearing on May 14. A two-member NCLAT bench headed by Chairperson Justice Ashok Bhushan also issued notices to the banks,...
BENGALURU: There has been a notable surge in interest from global private equity (PE) firms and PE-backed entities in acquiring Indian information technology (IT) and software services companies. This is fuelled by a substantial increase in growth capital investments within the IT services sector by global PE funds, which...
NEW DELHI: Exporters across sectors have sought exemption from a new rule that requires them to pay any pending bills to micro and small units within 45 days. Around 150,000 exporters, represented by as many as 15 export promotion councils, including the Federation of Indian Export Organisations, have raised...
NEW DELHI: Reserve Bank Governor Shaktikanta Das on Wednesday called on Finance Minister Nirmala Sitharaman, ahead of the central bank’s interest rate-setting panel meeting next month. The minister separately held a meeting with Sebi Chairperson Madhabi Puri Buch at her North Block office, according to a post by Sitharaman’s...
NEW DELHI: The government should create a centralised coordination authority between Centre and state governments for social protection of the gig and platform workers in the country, a study released on Wednesday said. ‘Efficiently designing a social protection system that aligns with the needs of platform workers and the...
With India setting ambitious ₹171.79 lakh crore GDP goals by 2030, sustaining robust macro growth momentum becomes vital. While high headline numbers seem reassuring, most retail investors need help to participate directly in the India opportunity story. Analysing the right tactical avenues allowing channelling portfolio allocations to benefit from...
ISLAMABAD/WASHINGTON: The IMF has reached a staff-level agreement with cash-strapped Pakistan on the final review of a USD 3 billion bailout, paving the way for the release of the last USD 1.1 billion tranche from the lender. The agreement is subject to the approval of the IMF’s Executive Board,...
NEW DELHI: India has emerged as the world’s third largest startup ecosystem with over 1.25 lakh startups and 110 unicorns, and is charting a roadmap for becoming a developed nation with right decisions taken at the right time, Prime Minister Narendra Modi said on Wednesday. Speaking at the Startup...
MUMBAI: With retail inflation gaining momentum in February, the monetary policy must remain in a risk-minimising mode to guide the trajectory towards the 4 per cent target, stated the Reserve Bank of India’s State of the Economy report. It also underscored an upward trend in per capita income, citing...
NEW DELHI: To lure private risk capital into highway construction, the government has revised the concession terms for build operate transfer (BOT) projects. Liberal construction support, facility to borrow from non-bank lenders and enhanced compensation if the tariff projections are built into the revised model concession agreement (MCA). The...
MUMBAI: India can sustain 8 per cent annual GDP growth and the conducive macroeconomic configuration may become a launching pad for a step-up in the country’s growth trajectory, said an article on the ‘State of Economy’ in the central bank’s March Bulletin published on Tuesday. Over the period 2021-24,...
NEW DELHI: The country’s merchandise exports are expected to reach $450 billion by the end of this fiscal despite geo-political challenges like the Red Sea crisis, newly elected president of apex exporters body FIEO Ashwani Kumar said on Tuesday. He said that the need of the hour is to...
NEW DELHI: Apple is pulling out all stops in a bid to reach a double-digit smartphone market share in India as soon as possible, from around 7% now. The iPhone maker has expanded its reach by onboarding thousands of authorised resellers in recent times across the country, along with...
NEW DELHI: To speed up the debt recovery process, the Finance Ministry has set up a panel to suggest amendments to the SARFAESI and DRT Acts, including a provision for granting legal sanctity to e-notices to debtors, sources said. The committee headed by an Additional Secretary held several meetings,...