Business

Telecom Companies Push For Testing Of Gear, Use Cases Under Current Rules

NEW DELHI: Telecom carriers have called on the regulator to ensure that any testing of tech products and use cases requiring interactions with mobile users on a live communications network must happen strictly within the ambit of current sector regulations, and be subject to lawful interception and subscriber verification...

Mar 19 · >

Apple In Talks With Google To Use Gemini For iPhones

Apple is in talks to build Google’s Gemini artificial intelligence engine into the iPhone, according to people familiar with the situation, setting the stage for a blockbuster agreement that would shake up the AI industry. The two companies are in active negotiations to let Apple license Gemini, Google’s set...

Mar 19 · >

Insurance Sector Gets FDI Worth Rs 54,000 Crore In Last Nine Years

NEW DELHI: The insurance sector has received close to Rs 54,000 crore as foreign direct investment (FDI) in the last 9 years on the back of further liberalisation of overseas capital flow norms by the government, Financial Services Secretary Vivek Joshi has said. The government increased the permissible FDI...

Mar 19 · >

States’ Capex Up More Than A Third, Revenues Strong

NEW DELHI: Expenditure by state governments on asset creation may have risen more than a third on year in the first ten months of the current financial year, compared with a 7% rise in the year-ago period. A review of the finances of 18 large states by FE showed...

Mar 19 · >

EPFO May Look Into High Claims Rejection Rate

NEW DELHI: At a time of high joblessness, stagnant real rural income and slackness in consumption demand, the pensioners are facing the problem of higher rejections in the settlement of their employees’ provident fund (EPF) claims. The higher rate of rejection of claims by the EPF organisation (EPFO) is...

Mar 19 · >

New EV Policy To Help Launch Eco Friendly Premium SUVs

NEW DELHI: Vietnam’s electric car maker VinFast Auto on Monday said India’s new electric vehicle policy that provides import duty concessions for companies setting up manufacturing units in the country with a minimum investment of USD 500 million will allow it to introduce a wide variety of eco-friendly premium-quality...

Mar 19 · >

IT To See Three To Five Per Cent Growth In FY25

MUMBAI: Indian IT sector’s revenue growth is expected to come at a tepid 3-5 per cent in FY25, a domestic rating agency said on Monday. The sector’s hiring will “remain muted” in the near-term until the growth momentum picks up, Icra Ratings said. However, the companies’ profitability is expected...

Mar 19 · >

Air India Express To Operate Non-Stop Flights To Kochi, Imphal From Kolkata In April

KOLKATA: Air India Express, a subsidiary of Air India, is all set to begin non-stop flights to Imphal and Kochi from Kolkata this April, an airline official said. “The flights to Imphal will operate daily, while those to Kochi will fly six days a week,” he said. The flight...

Mar 19 · >

Venkatasubramanian P&G India New CEO

NEW DELHI: Leading FMCG maker P&G India on Monday announced the appointment of Kumar Venkatasubramanian as CEO, with effect from May 1, 2024. The current CEO, L V Vaidyanathan will leave the company to pursue personal interests after 28 years of service, a statement from P&G India said. Kumar...

Mar 19 · >

BHEL Bags Order For 2×800 MW Singrauli Supercritical Thermal Power Plant

NEW DELHI: Under International Competitive Bidding (ICB), Bharat Heavy Electricals Limited (BHEL) has bagged an order from NTPC Ltd. for setting up the 2×800 MW Singrauli Supercritical Thermal Power Plant (STPP) Stage-III on Engineering, Procurement & Construction (EPC) basis. The plant will be set up adjacent to the existing...

Mar 19 · >
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