Category: Business

Business

Union Ministers meet Google, app developers to resolve offloading from Play Store

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Union Ministers meet Google, app developers to resolve offloading from Play Store

Government ministers on March 4 held multiple meetings with Google and startups that have been delisted from the tech giant’s Play store, but no solution seems to be on the horizon with Indian companies accusing the U.S. giant of abusing its dominant position. In separate meetings with Minister of State for IT and Electronics Rajeev…

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India’s wheat, rapeseed ravaged by rain just before harvesting

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India’s wheat, rapeseed ravaged by rain just before harvesting

Farmers check their damaged wheat crop flattened by strong wind and rain at a village in Rohtak district on March 3, 2024. | Photo Credit: PTI Untimely rainfall and hailstorms have battered winter-sown crops, including wheat, rapeseed, and chickpeas, delaying harvesting, industry and government officials told Reuters. Adverse weather could limit growth in wheat production…

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IT Ministry’s AI ‘under-testing’ advisory only for big firms: Rajeev Chandrasekhar

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IT Ministry’s AI ‘under-testing’ advisory only for big firms: Rajeev Chandrasekhar

Minister of State for IT and Communication Rajeev Chandrasekhar. File. | Photo Credit: PTI Minister of State for Electronics and Information Technology Rajeev Chandrasekhar said that the IT Ministry’s advisory over the weekend that ‘under-testing’ A.I. applications must be approved by the government before general public availability was intended “only for large platforms and will…

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Tata Motors to demerge passenger, commercial business into two separate listed entities

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Tata Motors to demerge passenger, commercial business into two separate listed entities

A file photo of N. Chandrasekaran, Chairman, Tata Motors. | Photo Credit: PAUL NORONHA Tata Motors on Monday announced the demerger of its commercial and passenger vehicle segments into two separate listed entities to better capitalise on growth opportunities. The commercial vehicles business and its related investments would be housed in one entity and its…

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Business

ED questions Niranjan Hiranandani in FEMA probe

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ED questions Niranjan Hiranandani in FEMA probe

A file photo of Niranjan Hiranandani | Photo Credit: Karuunakaran M The Enforcement Directorate (ED) has questioned billionaire businessman Niranjan Hiranandani, the promoter of prominent Mumbai-based realty company Hiranandani Group, in a foreign exchange violation case, official sources said on Monday. The 73-year-old real estate tycoon is understood to have submitted some documents to the…

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Business

Rupee rises 2 paise to settle at 82.89 against U.S. dollar

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Rupee rises 2 paise to settle at 82.89 against U.S. dollar

FILE PHOTO: A cashier checks Indian rupee notes inside a room at a fuel station in Ahmedabad, India, September 20, 2018. REUTERS/Amit Dave/File Photo | Photo Credit: AMIT DAVE The rupee appreciated 2 paise to settle at 82.89 (provisional) against the U.S. dollar on March 4, tracking a weak American currency overseas and positive equity…

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Business

Sensex, Nifty scale fresh record highs; rise for fourth day in a row

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Sensex, Nifty scale fresh record highs; rise for fourth day in a row

Among the Sensex firms, NTPC, Power Grid, Reliance Industries, Bajaj Finserv, Axis Bank, Tech Mahindra, ICICI Bank, Bharti Airtel and IndusInd Bank were the biggest gainers. | Photo Credit: Reuters Benchmark equity indices Sensex and Nifty closed at new record levels on March 4 in a highly volatile trade driven by gains in energy and…

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India accounts for 40% of all digital payments in the world: RBI governor

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India accounts for 40% of all digital payments in the world: RBI governor

File picture of RBI Governor Shaktikanta Das, who said that India accounts for 40% of all digital payments in the world | Photo Credit: ANI Reserve Bank of India Governor Shaktikanta Das said on Monday that digital transactions in India have grown 90-fold in 12 years. Mr. Das was speaking at the RBI headquarters in…

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Moody’s raises India’s 2024 growth forecast to 6.8%

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Moody’s raises India’s 2024 growth forecast to 6.8%

Global rating agency Moody’s on March 4 raised India’s growth forecast for 2024 calendar year to 6.8%, from 6.1% estimated earlier, on the back of ‘stronger-than-expected’ economic data of 2023 and fading global economic headwinds. India’s real GDP expanded 8.4% year-over-year in the fourth quarter of calendar year 2023, resulting in a 7.7% growth for…

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