Capex push: Nirmala Sitharaman calls it ‘primary driver of sustained growth’; says ‘we have to have capital expenditure grow’
File photo: Finance minister Nirmala Sitharaman (Picture credit: PTI) Finance minister Nirmala Sitharaman on Saturday said that sustaining economic growth in the face of global uncertainties remains India’s foremost priority. She also underlined that the government will continue to rely on increased public capital expenditure as a major tool to drive development.Speaking at a book launch event in New Delhi,
‘AI will gobble up most low-hanging jobs of coders’
Tech India is witnessing a transformational shift, with its bellwethers currently busy deploying their AI-first strategy to nurture increased human+AI collaborations at their workplaces. This means a few unpleasant things for the software developer community(software): most of the low-hanging, also some of the not so low-hanging coding jobs will go to their AI colleagues; AI will make some developers and
Lodha Developers Q1 net profit jumps 42% to ₹675 cr
Source: Company website | Photo Credit: BL companies Realty firm Lodha Developers Ltd on Saturday reported a 42 per cent surge in its consolidated net profit to ₹675.1 crore for the first quarter of this fiscal, due to better income driven by strong housing demand. Its net profit stood at ₹475.9 crore in the year-ago period. The total income rose
PM Modi inaugurates, dedicates to nation ₹4,900 crore worth projects in TN
Prime Minister Narendra Modi | Photo Credit: PMO Prime Minister Narendra Modi on Saturday inaugurated, laid foundation stones and dedicated projects worth ₹4,900 crore in Tamil Nadu. The projects are related to airport, highways, railways, port and power in Tamil Nadu. The inaugurated projects include a new state-of-the-art Tuticorin airport terminal building, developed at an estimated cost of around ₹450
Rare earth supply risk: Indian electronics firms worried as Chinese curbs may hit; but can Beijing also afford this?
This is an AI-generated image, used for representational purposes only. A number of applicants under India’s Electronics Component Manufacturing Scheme (ECMS) have flagged concerns over meeting their first-year production targets due to ongoing shortages of rare earth minerals. According to ET, at least 10 companies have raised the issue with the ministry of electronics and information technology (MeitY), warning that
Air India pays interim compensation to families of 166 of 260 Ahmedabad-crash victims
Families of 166 of the 260 people killed in the Air India aircraft crash in Ahmedabad on June 12, have so far received interim compensation of ₹25 lakh, the airline stated on Saturday evening. Of those who have received the interim payment are 147 of the 229 passengers and 19 persons who perished on the ground, Air India added in
Inflows into MFs increase after banks cut their deposit rates
Inflows into mutual funds (MFs) have been on a steady uptrend in the wake of banks cutting their fixed deposit rates. MF inflows are expected to gather pace in the coming months as the RBI has ushered in a soft interest rate regime to boost the economy. Leading public and private sector banks, including SBI, HDFC Bank, ICICI Bank, IDFC First
Chemists body expresses concern at state licensing authorities’ inaction on complaints against e-pharmacies
MYSORE, 16/05/2013: Chemists in Mysore are concerned that the new drugs policy will result in fall in trade margins on May 16, 2013. Photo: M.A. Sriram | Photo Credit: SRIRAM MA The All-India Organisation of Chemists and Druggists (AIOCD) has expressed concern regarding “no visible action” taken by the State Licensing Authorities regarding complaints against the unauthorised sale of medicines,
India-US trade deal: Piyush Goyal shares important update; says negotiations ‘making fast progress’
File photo: Commerce and industry minister Piyush Goyal (Picture credit: PTI) Commerce and industry minister Piyush Goyal on Saturday said that discussions with the United States on the proposed bilateral trade agreement are progressing swiftly.Addressing the media, Goyal said that negotiations with Washington are “making fast progress”, as per news agency PTI. India-U.S. Trade Deal: What’s India’s Smart Backup Plan
CBS canceling Colbert raises questions about late night
A marquee featuring “The Late Show with Stephen Colbert” is seen outside the Ed Sullivan Theater, where Colbert’s show is produced, in New York City on July 18, 2025. Angela Weiss | AFP | Getty Images There are two schools of thought around CBS’ decision to end “The Late Show with Stephen Colbert.” The first says the cancellation is a
India-U.K. free trade agreement ‘game-changing’, every section to benefit, says Piyush Goyal
Union Minister of Commerce and Industry Piyush Goyal and Secretary of State for Business and Trade, Jonathan Reynolds sign the India-UK Comprehensive Economic and Trade Agreement [CETA], in London. | Photo Credit: ANI Union Minister for Commerce and Industry Piyush Goyal on Saturday (July 26, 2025) termed the India-U.K. free trade agreement as “game-changing” and said it will benefit every
China’s Premier takes aim at AI ‘Monopoly’ as US effort quickens
Chinese Premier Li Qiang speaks during the opening ceremony of World Artificial Intelligence Conference in Shanghai, China, July 26, 2025. REUTERS/Xihao Jiang | Photo Credit: XIHAO JIANG China will spearhead the creation of an international organisation to jointly develop AI, the country’s premier said, seeking to ensure that world-changing technology doesn’t become the province of just a few nations or
NASA says thousands of employees set to resign from Space Agency
NASA will lose roughly 3,870 employees through a voluntary resignation program, part of a broad push from President Donald Trump’s administration to reduce the federal workforce. The numbers are subject to change as NASA reviews applications, including if an employee withdraws from the program or a resignation isn’t approved, the US space agency said in a statement on Friday. “Safety
PSUs Decoded: What makes a CPSE a Maharatna, Navratna or Miniratna?
Why do only a few public sector companies carry statuses like Maharatna, Navratna or Miniratna? Are these titles awarded only to central public sector enterprises? Who grants these titles, and why? What happens when a company is recognised as a Maharatna, a Miniratna, or a Navratna? This article is aimed at answering all your queries related to titles Maharatna, Navratna,
Bihar Assembly Polls: CM Nitish Kumar announces Rs 15,000 pension for journalists; spouses to get lifetime benefits
In a major pre-election announcement, Bihar Chief Minister Nitish Kumar on Saturday declared a significant hike in pension benefits under the ‘Bihar Patrakaar Samman Pension Scheme’ for journalists and their dependent spouses. Taking to social media platform X, Kumar said the monthly pension for all eligible journalists will be increased from Rs 6,000 to Rs 15,000. The pension for the
Congress MP Rajeev Shukla criticises govt’s decision to ban 25 OTT platforms, websites
Rajeev Shukla, Congress MP | Photo Credit: SHIV KUMAR PUSHPAKAR Congress MP Rajeev Shukla has strongly criticised the government’s recent decision to ban 25 OTT platforms and websites, alleging that the move is an attack on freedom of expression. Shukla claimed that the government’s action is selective and politically motivated, targeting platforms that offer alternative perspectives or criticise government policies.
PM Modi to inaugurate Rs 4,800 crore development projects during Tamil Nadu visit today
Prime Minister Narendra Modi is set to visit Tamil Nadu on Saturday, where he will launch and dedicate multiple infrastructure and development projects worth over Rs 4,800 crore. This visit follows his return from official trips to the United Kingdom and the Maldives. The Prime Minister will arrive in Tuticorin and begin his day by inaugurating key projects across the
IndusInd panel gets extension from RBI
IndusInd panel gets extension from RBI Source link
NFL to fine players for reselling Super Bowl tickets at a profit
A detail shot of the Lombardi Trophy next to Kansas City Chiefs and Philadelphia Eagles helmets prior to a news conference on February 03, 2025 in New Orleans, Louisiana ahead of the NFL Super Bowl LIX football game between the Philadelphia Eagles and the Kansas City Chiefs. Kevin Sabitus | Getty Images Sport | Getty Images The NFL is cracking
The UK-India FTA tilt the balance in favour of patent owner and undermines access to medicines: experts
The U.K. -India Free Trade Agreement (FTA) provisions on patents tilt the balance in favour of the patent owner and undermines the access to medicines, said experts on Friday at a discussion on the agreement’s implication for access to medicines. Expressing their concerns over provisions in the recently signed agreement that could impact access and affordability of medicines in India,
DLF announces sellout of it’s maiden Mumbai project The Westpark, Andheri in 5 days of launch
DLF Home Developers Ltd., a 100% subsidiary of India’s largest listed real estate company DLF Ltd. has announced the complete sellout of 416 apartments offered in four residential towers of The Westpark in five days of launch. The project in Andheri West is coming up in a joint development with Trident Realty. This is the first time that DLF has
Indian brands must adorn the global stage say ITC Chairman Sanjiv Puri
India’s consumer market was at the cusp of a profound transformation with per capita incomes expected to exceed $4,000 by 2030, says Sanjiv Puri. | Photo Credit: Ravi Choudhary Indian brands must adorn the global stage and towards that they must establish an enduring legacy in Bharat first, before making an impact overseas, said ITC Ltd Chairman Sanjiv Puri at
IVPA suggests calibrated release of mustard stock by government
At the conclusion of its two-day Global Roundtable on edible oil, Indian Vegetable Oil Producers’ Association (IVPA) placed two major policy issues for immediate action by the government – curbing refined oil import via Nepal and reinstatement of standardised pack sizes. IVPA, which is celebrating its Golden Jubilee, said that refined oils from Nepal continue to flood Indian markets in
US tariffs will not have ‘debilitating’ impact on pharma industry: Cipla global MD & CEO
Umang Vohra, Cipla MD and Global CEO As the shadow of US tariffs loom large over the pharmaceutical industry, Cipla’s top executive said, it would have an impact, but that would not necessarily be “debilitating”. “We don’t see a debilitating effect on account of tariffs. We do think that there will be an impact…But it’s not a debilitating effect that
Food vs fuel debate may emerge again, fears edible oil industry
Eddy Martono, Chairman of Indonesian Palm Oil Association (IPOA) The bullish trend in global edible oil prices is likely to trigger a food versus fuel debate soon, said industry leaders at a global edible oil conference on Friday. Industry leaders from India’s largest palm oil trading partner, Indonesia, said while prices will remain stable around $1,000-1,100 per tonne, the country’s