NEW DELHI: Meet AI Krish and AI Bhoomi, the world’s first Government TV channel Artificial Intelligence (AI) anchors on Doordarshan Kisan. Powered by artificial intelligence, these virtual presenters are poised to redefine the way farmers across India receive agricultural information. Scheduled to debut on May 26, the same day...
NEW DELHI: Global rating agencies on Friday said windfall of Rs 2.1 lakh crore dividend from the RBI is positive for the country’s fiscal metrics and its usage will provide a signal around the new government’s fiscal priorities. The board of India’s central bank earlier this week decided to...
MUMBAI: Even as overall job opportunities in the IT sector declined by 3.6 per cent nationwide, openings gained traction in technology hubs Bengaluru and Hyderabad that saw a growth of 24 per cent and 41.5 per cent, respectively, during April, a report said on Friday. According to data from...
NEW DELHI: India needs to impose a 2 per cent tax on net wealth exceeding Rs 10 crore and a 33 per cent inheritance tax to deal with the problem of rising inequality in the country, a new research paper co-authored by economist Thomas Piketty has suggested. The paper...
MUMBAI: Tata Motors owned Jaguar Land Rover will start producing its Range Rover and Range Rover Sport in India, marking a first for the iconic models in their 54-year long history, to be rolled out from a country outside of the UK. Till now the two models were only...
The total market capitalisation of BSE-listed stocks closed above $5 trillion on Thursday as the benchmark indices ended at record levels led by banks and auto stocks. India’s market capitalisation to Gross Domestic Product (GDP) — a measure to determine if a market is under-valued or over-valued — surged...
NEW DELHI: To develop a comprehensive framework for protection of the global workforce in the care economy and respond to the emerging challenges in the sector, the International Labour Organisation (ILO) is gearing up to hold a discussion on the care economy in its upcoming annual conference next month....
NEW DELHI: A sharp acceleration in the services sector has led to India’s private sector activity gathering pace in May, posting the third strongest surge in 14 years. The month under discussion also saw the steepest increase in job creation since September 2006, according to a survey released by...
NEW DELHI: The Centre, while presenting its full Budget in July, is likely to stick to its tax revenue estimates made during the interim Budget, despite witnessing a higher-than-anticipated growth in tax collections so far, according to an official source. This is even as the non-tax revenue estimates will...
NEW DELHI: Trade body US-India Strategic Partnership Forum (USISPF) has sought intervention of finance minister Nirmala Sitharaman on the Draft Digital Competition Bill. In a letter on May 15, the last date to submit the response to the draft Bill, trade body’s president and CEO Mukesh Aghi has sought...
NEW DELHI: MG Motor India on Thursday said it has signed an initial pact to deliver 3,000 EVs to integrated fleet electrification platform Vertelo in a phased manner. Both the entities have signed a memorandum of understanding to this effect. The partnership will focus on providing sustainable mobility solutions...
NEW DELHI: The government is planning to significantly ramp up the radiation processing of onions to create a buffer stock of 1,00,000 tonnes this year, as it aims to prevent shortages and price rises of the politically sensitive bulb, according to a top government official. The world’s biggest exporter...
NEW DELHI: Apex body for leather and footwear exporters CLE has asked the government to formulate a national policy for the sector with a view to attract investments, boost India’s shipments and create jobs. In a letter to Niti Aayog CEO BVR Subrahmanyam, Council for Leather Exports (CLE) said...
MUMBAI: Upsurge, an e-learning platform that focuses on stock market trading and investing, aspires to become the leading platform in the domain of finance and is working on a generative AI tool to churn out video-based content to make its offerings more accessible and affordable, say its co-founders. The...
MUMBAI: Benchmark equity indices Sensex and Nifty hit their fresh all-time peaks in early trade on Friday amid buoyant investors’ sentiment days ahead of the results of the Lok Sabha polls announcement and fresh foreign fund inflows. The 30-share BSE Sensex climbed 164.24 points to hit its all-time high...
MUMBAI: The Reserve Bank of India’s (RBI’s) central board met on Wednesday and decided to transfer a record surplus of Rs 2.11 trillion to the government for 2023-24 (FY24) even after increasing the contingent buffer at the peak level of 6.5 per cent. This amount is more than double...
NEW DELHI: Compensation in the private sector reached a new high of 22% of gross domestic product (GDP) in 2022-23, up from 21.2% in FY22, widening the gap with government sector compensation, an ET analysis of government data released earlier this month showed. Total compensation of employees working with...
MUMBAI: The stock prices of listed companies continue to outpace growth in India’s gross domestic product (GDP). The market capitalisation (mcap) of all companies listed and traded on the BSE is up 61 per cent since the end of March 2023, compared to an estimated 10 per cent growth...