Business
Airbus Shortlists 8 Sites For H125 Helicopter Final Assembly Line In India
MARIGNANE (FRANCE): European major Airbus has shortlisted eight sites in India for setting up its final assembly line for H125 helicopters and the ground-breaking ceremony for the facility is expected later this year. The facility, which will be the fourth Final Assembly Line (FAL) for the single engine H125,...
AMD Leverages AI To Shape Next-Gen Computing Experience
LOS ANGELES: Chip maker AMD is looking to position itself as a key player in AI-enhanced personal computers (AIPCs) through strategic innovations on the hardware side to cater to powerful new-age applications, a top company official said. It is taking a holistic approach by integrating technology across CPUs, GPUs,...
Hero MotoCorp Plans To Roll Out Affordable EVs This Fiscal
NEW DELHI: Eyeing leadership in the electric two-wheeler segment, Hero MotoCorp is looking to roll out affordable models in the current fiscal, according to CEO Niranjan Gupta. The country’s largest two-wheeler maker is also hopeful of the debut of its electric range in the international markets. Addressing shareholders in...
Platform To Resolve Exporters’ Complaints Of Non-Tariff Barriers Soon
NEW DELHI: The online portal to take feedback on sanitary and phytosanitary measures and technical barriers to trade being faced by exporters will be rolled out in the next two to three months which will help government provide focussed attention for addressing them, a senior official said Friday. The...
Need Unambiguous, Clear Focus On Inflation: RBI Governor
MUMBAI: The Reserve Bank of India (RBI) needs to focus “clearly” and “unambiguously” on inflation, especially amidst sustained economic growth, RBI Governor Shaktikanta Das said on Friday. “…our target is inflation and we are supposed to keep growth in mind”, Das said while speaking at the Financial Express Modern...
Business Confidence Index Improves To 150 In Q1 FY25 From 138 In Q4 FY24
NEW DELHI: The overall business sentiment in India showed an improvement with the Business Confidence Index rising to 150 during the April-June quarter from 138 in the previous quarter and higher than the corresponding period a year ago, according to the National Council for Applied Economic Research (NCAER)-NSE survey....
Deposits Remain Preferred Saving Instrument But Equity Gains Steam
MUMBAI: Indian households are moving beyond bank deposits and increasingly exploring avenues such as equity instruments and investment funds to deploy their savings, according to a research paper authored by the Reserve Bank of India (RBI) staff. While deposits have maintained their dominant position in the total financial wealth...
No Plans To Allow Business Houses To Promote Banks: RBI
MUMBAI: Governor Shaktikanta Das on Friday said the Reserve Bank does not have any plan to allow business houses to promote banks at present. Allowing corporate houses to promote banks exposes one to conflict of interest risks and related-party transactions, Das said, speaking at an event organized by the...
Green Certified Office Buildings Command 12-14% Premium In Rental Values: Vestian
NEW DELHI: Office buildings that are green certified command a 12-14 per cent premium in rental values over normal properties, as demand for environment-friendly workspace is high from multi-national companies (MNCs), according to Vestian. In its latest report ‘India Office Market-Sustaining the Sustainability’, real estate consultant Vestian has mentioned...
Building AI-Powered Wipro With Human-Centric Approach: Rishad Premji
NEW DELHI: IT company Wipro is continuously making efforts towards maximising AI’s potential and placing a human-centric approach at the forefront of AI development, company’s Chairman Rishad A Premji said. Addressing the company’s 78th annual general meeting on Thursday, Premji said artificial intelligence is central to the company’s growth...
HDFC Bank CSR Spend Crosses Rs 945 Crore In FY24
NEW DELHI: Private sector HDFC Bank has reported a corporate social responsibility (CSR) spend of Rs 945.31 crore for the financial year 2023-24, an increase of nearly Rs 125 crore from the previous year. The bank’s CSR programme, Parivartan, has been active for over a decade and its initiatives,...
Majority Of Indian Employees Experience Burnout Due To Work-Related Stress: Report
NEW DELHI: Around 62 per cent of Indian employees experience burnout, triple the global average of 20 per cent, due to work-related stress and poor work-life balance, as per a report by digital healthcare platform MediBuddy and CII. The report, which was released on Friday, also highlighted that a...
Rupee Falls 3 Paise To Close At All-Time Low Of 83.66 Against US Dollar
MUMBAI: The rupee consolidated in a narrow range and depreciated 3 paise to close at its all-time low of 83.66 (provisional) against the US dollar on Friday, weighed down by strong American currency and muted trend in domestic equities. Forex traders said weak domestic markets and elevated oil prices...
Prudent To Stay The Course On 4% CPI Target: RBI Paper
NEW DELHI: Even as the second quarter of FY25 has begun with signs of quickening momentum in the economy, it is prudent to eschew the temptation of time inconsistency (placing more value on the present than on the future) and stay the course on the straight and narrow path...
Infosys Tops Profit Estimates, Lifts FY25 Revenue Forecast
MUMBAI: Infosys, India’s second-largest software exporter by revenue, surprised the Street by raising its revenue guidance for 2024-25 (FY25) upwards — to 3 per cent-4 per cent in constant currency terms. The Street was expecting the company to maintain its revenue guidance at 1 per cent-3 per cent. This...
Fiscal Headroom Should Be Used To Spend On Social Sector, Says FICCI
NEW DELHI: The government should use the fiscal headroom, achieved due to the Reserve Bank of India (RBI) dividend of Rs 2.11 trillion, to increase the spend on social sector schemes to support the rural economy, the Economic Outlook Survey released by the Federation of Indian Chambers of Commerce...
IDBI Bank Stake Sale: RBI Vetting Process In Last Leg, Report By Month-End
NEW DELHI: The Centre is expecting the Reserve Bank of India’s (RBI’s) ‘fit and proper’ report on the potential bidders of the IDBI Bank by the end of this month, official sources said. The central bank is in the final leg of concluding its vetting process, which would help...
NITI Aayog Prescribes Policy Push, Sops For Electronics Growth
NEW DELHI: The NITI Aayog has proposed fiscal, financial, regulatory and infrastructure interventions to help scale up local production of electronics, including mobile phones, while stressing on the need to diversify into emerging areas such as wearables, IoT devices and automotive electronics. In a report titled ‘Electronics: Powering India’s...
