Category: Business

Business

Hidden Environmental Cost of Powering Growing Digital and AI-World

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Hidden Environmental Cost of Powering Growing Digital and AI-World

  Indicating an invisible water footprint behind instant responses generated by systems such as ChatGPT, a research from the University of California, Riverside, estimates that a typical conversation with ChatGPT, involving around 20 to 50 exchanges, can consume as much as half a litre of water — a hidden environmental cost of rising dependence on…

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Eveready Industries Q1 profit rises over 22% to ₹37 cr, revenue grows 9%

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Eveready Industries Q1 profit rises over 22% to ₹37 cr, revenue grows 9%

Battery and flashlight maker Eveready Industries India Ltd on Saturday (A reported a 22.3% year-on-year increase in its consolidated net profit to ₹36.97 crore in the June quarter of FY27. The company had posted a net profit of ₹30.23 crore in the April-June period a year ago, the Burman family-promoted firm said in a regulatory…

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Government examines if Meta recommendation system deciding what-to-show-to-whom fits intermediary status

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Government examines if Meta recommendation system deciding what-to-show-to-whom fits intermediary status

The Centre’s meetings with Meta have brought into focus a key question — whether the social media giant’s recommendation systems and paid content promotion fit in its status as an intermediary, government sources said adding the key issue is whether the company complies with the provisions under the IT Act or crosses into the role…

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FSSAI warned Diageo that its whisky’s ‘matured in American oak casks’ claim was misleading

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FSSAI warned Diageo that its whisky’s ‘matured in American oak casks’ claim was misleading

FILE PHOTO: Bottles of Royal Challenge and Antiquity Blue whisky are displayed at a liqor shop in Mumbai, India, August 3, 2026. REUTERS/Francis Mascarenhas/File Photo | Photo Credit: FRANCIS MASCARENHAS India’s food safety regulator warned liquor giant Diageo that it misleadingly claimed one of its top-selling ‌whiskies was “matured in American oak casks”, when most…

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UCBs asked to join NUCFDC for tech support, RBI is proactive towards sector: Amit Shah

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UCBs asked to join NUCFDC for tech support, RBI is proactive towards sector: Amit Shah

Union Home Minister Amit Shah speaks during the inauguration of the NUCFDC in Mumbai | Photo Credit: PTI Days after the Reserve Bank of India (RBI) decided to resume issuing licenses to urban cooperative banks (UCBs), Union Cooperation Minister Amit Shah on Saturday asked the UCBs to join the umbrella body of National Urban Cooperative Finance…

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IRDAI asks insurers to submit premium, claims, investment data for ISP

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IRDAI asks insurers to submit premium, claims, investment data for ISP

IRDAI | Photo Credit: The Hindu The Insurance Regulatory and Development Authority of India (IRDAI) has directed all insurers, except reinsurers, to submit information every month on their premium income, investment income and claims paid to the government for the purpose of Index of Service Production (ISP). The details are needed to facilitate data requirements…

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RBI has proactively helped UCBs; cooperatives should look at regulator differently: Shah

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RBI has proactively helped UCBs; cooperatives should look at regulator differently: Shah

Union Home Minister Amit Shah speaks during the inauguration of the National Urban Cooperative Finance and Development Corporation (NUCFDC), in Mumbai. | Photo Credit: PTI Union Minister of Cooperation Amit Shah on Saturday (August 8, 2026) urged urban cooperative banks (UCBs) to look at the RBI from a “different viewpoint”, underlining that the central bank…

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Business

​Pay wall: On a charge on UPI transactions

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​Pay wall: On a charge on UPI transactions

The government’s decision to allow banks and payment processors to levy a charge on UPI transactions, while still pending, has already led to several policy questions. No official decision has yet been announced, but the preparations are apparent. The only official change that has been made is the amendment to the Payment and Settlements Systems…

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Prudent approach: On the RBI’s interest rate-setting committee meeting

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Prudent approach: On the RBI’s interest rate-setting committee meeting

There was little room for the Reserve Bank of India (RBI)’s interest rate-setting committee to manoeuvre during its meeting in early August. Elevated global crude prices over the past few months had already pushed retail inflation beyond the central bank’s 4% target, with headline CPI rising to 4.38% in June, the highest in the current…

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