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NEW DELHI: Edible oil industry body SEA on Friday expressed concern over wholesale prices of mustard seeds falling below the minimum support price of Rs 5,650 per quintal and urged the government for immediate intervention. “We urge the authorities to direct (cooperative) NAFED to establish procurement centers in major...
PUNE: Bajaj Auto is developing a portfolio of clean fuel CNG motorcycles, and the first such bike will hit the market in June, Bajaj Auto Managing Director Rajiv Bajaj said here on Friday. The bike will run on CNG and would hit the roads in June, he said while...
MUMBAI: The Reserve Bank of India (RBI) has asked the self-regulatory organisations (SROs) to promote a culture of compliance among regulated entities while giving special attention to smaller entities in the sector, in the final omnibus framework for recognising such organisations for regulated entities. “Encourage a culture of research...
NEW DELHI: India’s private sector activity rose to an eight-month high in March, helped by a pick-up in growth at goods producers and buoyant demand that prompted aggregate sales rising sharply. The HSBC Flash India Composite PMI (Purchasing Managers’ Index) Output Index rose to 61.3 in March, compared with...
NEW DELHI: The government is likely to review the laptop and other digital devices import management system around September to assess electronics manufacturers’ preparedness to either set up or expand their manufacturing presence in the country, people aware of the matter told ET. During the review, the government is...
NEW DELHI: Robust regulatory frameworks are needed to protect customers from misuse and fraud resulting from rapid digitalisation in financial services and proliferation of fintech platforms, RBI deputy governor Swaminathan J said while speaking at an event in Paris. Addressing the Global Money Week 2024 earlier this week, the...
NEW DELHI: All public sector banks in India showed a reduction in non-performing asset levels over the last six months while only 67 per cent of private sector banks reported a decline during the period, said a FICCI-IBA Bankers’ survey released on Thursday. The survey revealed that 77 per...
NEW DELHI: Google-owned online video platform YouTube has asked its creators to label synthetic and AI-generated content, in an effort towards supporting responsible AI innovation. Viewers increasingly want more transparency about whether the content they’re seeing is altered or synthetic, YouTube said in a blog post. “We’re introducing a...
NEW DELHI: Mahindra & Mahindra on Thursday said it has tied up with a unit of Adani Total Gas to establish electric vehicle charging infrastructure across the country. The auto major and Adani Total Energies E-Mobility Ltd (ATEL) have inked a memorandum of understanding (MoU) in this regard. The...
NEW DELHI: Kia India on Thursday said it will increase prices of its range of vehicles by up to 3 per cent from April 1, 2024. The decision is attributed to the escalation in commodity prices and supply chain-related inputs, the automaker, which sells models like Seltos, Sonet and...
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...