Business
AIIMS Delhi Hosts Workshop To Empower Medicos With AI Skills
NEW DELHI: AIIMS New Delhi on Wednesday hosted an intensive workshop on emerging technologies, specifically focusing on Artificial Intelligence (AI). With AI projected to revolutionize the healthcare sector in India, the workshop aimed to equip medicos with the necessary skills and knowledge to leverage AI’s transformative power. AIIMS Delhi...
IMF: The Fight Against High Inflation Is ‘Almost Won’
WASHINGTON: The global war against inflation has largely been won – and at surprisingly little cost to economic growth, the International Monetary Fund declared Tuesday. In its latest assessment of the global economy, the IMF predicted that worldwide inflation will cool from 6.7% last year to 5.8% this year...
Centre Expands ‘Bharat’ Brand To Include Chana Whole And Masur Dal
NEW DELHI: The Centre on Wednesday expanded its subsidised pulses programme, adding chana whole and masur dal under the ‘Bharat’ brand in a bid to check rising prices. Food and Consumer Affairs Minister Prahlad Joshi, who launched Phase II of the initiative, said chana whole will be retailed at...
Work On 10 More Nuclear Reactors Underway In Country, Parliamentary Panel Told
New Delhi: At least 10 nuclear reactors are being installed in the country while two reactors in Gujarat’s Kakrapar have started generating power commercially, the Parliamentary Standing Committee on Science and Technology was informed on Monday. According to sources, the new nuclear reactors coming up in states like Gujarat,...
Rs 4 Trillion Transmission Infra Required To Meet 2027 Power Demand: CEA
NEW DELHI: To meet an expected power demand of 277 gigawatt (Gw) by 2027, India will require an investment of Rs 4.25 trillion in power transmission infrastructure, according to the latest National Electricity Plan (NEP) on transmission released by the Central Electricity Authority. The Central Electricity Authority is the...
Centre Drops Privatisation Plan Of Visakhapatnam Steel Plant, To Focus On Revival Of Its Operations
NEW DELHI: The Central government has dropped plans to privatise the Rashtriya Ispat Nigam Limited (RINL), the corporate entity of the Visakhapatnam Steel Plant (VSP), sources told Business Today on Tuesday. RINL, a part of the Ministry of Steel, manages a 7.5 million tonnes facility in Visakhapatnam, Andhra Pradesh,...
HMEL Takes Home Two Prestigious Wins At Asian Oil & Gas Awards 2024
HPCL-Mittal Energy Limited (HMEL) has once again demonstrated its commitment to safety and innovation, winning two prestigious accolades at the Asian Oil & Gas Awards 2024. The company was honoured with the Health and Safety Initiative of the Year – India and the Innovative Technology Initiative of the Year...
We Have A Clear Vision And Unique Approach For 4G/5G Rollout, Says BSNL CMD
NEW DELHI: Bharat Sanchar Nigam Limited (BSNL) has launched a new logo and seven new services. The State-owned company is also looking to monetise its land assets and has identified some of the land as part of blueprint to convert them into ‘mini data centres’. In an interview with...
No Recharge For MTNL; To Be Shut Down After Rs 32,000-Crore Dues Cleared
NEW DELHI: The government will no longer infuse any fresh capital into ailing Mahanagar Telephone Nigam (MTNL), but may not initiate its closure right away, as this would be done only after the company clears its liabilities of around Rs 32,000 crore, according to official sources. To generate funds...
Come FY26, States To Be Ranked On Labour Welfare, Productivity
NEW DELHI: States in India would now be ranked on an annual basis on their labour-friendliness too, not just on how successful they are on creating conducive atmosphere for businesses to grow, and various social parameters. The Union labour ministry is likely to introduce a “Labour Welfare and Employment...
IMF Retains India’s GDP Growth Forecast At 7% For FY25, 6.5% For FY26
NEW DELHI: The International Monetary Fund (IMF) on Tuesday kept its growth forecasts for India unchanged at 7 per cent and 6.5 per cent for FY25 and FY26, respectively. It held that pent up demand accumulated during the pandemic has been exhausted as the economy “reconnects” with its potential...
RBI Action On 4 NBFCs: Microfinance SRO Makes A Pitch For 4% Cap On RoA
MUMBAI: Following a regulatory crackdown on four non-banking financial companies (NBFCs), including two microfinance institutions, for charging “usurious” interest rates, a self-regulatory organisation (SRO) has asked its members to limit their return on assets (RoA) to 4 per cent. Sa-Dhan, the Reserve Bank of India (RBI)-appointed SRO overseeing microfinance...
Setting The Dial To 2030, Bharat 6G Alliance Seeks PLI Scheme Extension
NEW DELHI: The working group on device technology, sensors, and manufacturing systems, formed under the aegis of the Bharat 6G Alliance, has recommended extending the production-linked incentive (PLI) scheme for mobile devices until 2030. It has also suggested continuing the policy of disincentivising imported phones until the end of...
Growth Outlook Supported By Robust Domestic Engines: RBI
NEW DELHI: The aggregate demand is poised to shrug off the temporary slowdown in momentum in the second quarter of FY25, as festival demand picks up pace and consumer confidence improves, the Reserve Bank of India’s (RBI) October bulletin said on Monday. “In spite of geopolitical tensions, India’s growth...
BRICS Likely To Focus On Closer Energy Partnerships Among Members
NEW DELHI: The 16th BRICS Summit beginning Tuesday in Kazan, Russia, is expected to see more focus on creating a sharper energy policy for BRICS that ensures closer partnership among members in both energy security and energy transition, official sources said. The same is expected to be a part...
Private Banks See Elevated Slippages From Unsecured Loans In Q2FY25
MUMBAI: Most private banks reported significant slippages to non-performing assets (NPA) from unsecured loans like credit cards in the July-September period (Q2FY25). Axis Bank, Kotak Mahindra Bank, and RBL Bank, which have announced their Q2 earnings, reported increased slippages in these areas and expressed caution regarding their portfolios. In...
Real Estate Remains Most Preferred Asset Class For Investment: Report
MUMBAI: Real estate is still the most preferred asset class for investment for Indians, with apartments mainly being the chosen property type, according to a survey by the Federation of Indian Chambers of Commerce & Industry (FICCI) and Anarock. The survey revealed that 59 per cent of the 7,615...
Aadhaar Helped People Avail Government Benefits: Nobel Laureate Paul Romer
NEW DELHI: Nobel laureate Paul Romer on Monday said Aadhaar is the most important technological system in the world right now and it has laid the foundation of a platform to enable people to avail government benefits, including direct benefit transfer. Speaking at the NDTV World Summit, Romer said...
