The need to scale up research and development (R&D) across Indian academia and industry was a recurring theme at the ‘AI for India’ summit in Bengaluru, where leading voices in artificial intelligence stressed the urgency of cross-sectoral collaboration to make AI work at scale in India.“This is an opportunity. R&D must step up, and this…
Elon Musk-owned Starlink is poised to receive its final regulatory approval to launch satellite communication services in India, with space regulator IN-SPACe issuing a draft authorisation document for the company to sign. Once completed, the Indian National Space Promotion and Authorisation Centre will countersign the document, effectively clearing the way for Starlink to begin operations.The…
Standard Chartered Bank (Image credits: IANS) Credit growth in the economy is influenced more by overall economic activity than by the size of the liquidity surplus, according to a recent report by international bank Standard Chartered.The report said that while a high liquidity surplus may support growth in unsecured personal loans (excluding consumer durable loans),…
The Kolhapuri chappals received GI designation on December 11, 2018. Prada, the Italian high-end fashion brand, has confirmed that their upcoming Spring Summer 2026 menswear line incorporated designs influenced by Kolhapuri chappals, addressing the controversy that caused significant displeasure in India and sparked discussions about cultural appropriation. The leather sandal with open toes presented by…
MUMBAI: The IPO segment of the market is back to its glory days again. On Friday, the Rs 12,500-crore maiden offer for HDB Financial, an arm of HDFC Bank, was subscribed nearly 17 times with the total demand worth almost Rs 1.6 lakh crore. The IPO is set to become India’s most sought after large…
China-founded fast-fashion retailer Shein is planning to confidentially file a draft prospectus for an IPO in Hong Kong in the coming days, which would mark the third venue the company has sought to debut in, Reuters reported. The move to apply confidentially is rare in Hong Kong, where companies generally make such filings public. Shein…
The euro is set for its longest stretch of monthly gains in eight years, boosted by rising confidence in Europe’s economic prospects and a hunt for alternatives to the slumping dollar. The currency is up more than 3% in June, its sixth month of advances. Those gains have come as the dollar falters, with the…
NEW DELHI: Ahmedabad-based Torrent Pharma has revived talks with PE major KKR to buy its stake in Mumbai-based JB Chemicals & Pharmaceuticals in a deal which could cost around Rs 20,000 crore. KKR’s nearly 48% stake in JB Chem is valued approximately Rs 13,400 crore at its stock’s closing price of Rs 1,803 per share…
This is an AI-generated image, used for representational purposes only. India’s thermal coal imports from Russia surged 52 per cent in May 2025 over April, touching a two-year high of 1.3 million metric tonnes. This marks the first time since June 2023 that Russian monthly shipments to India crossed the 1-million-tonne mark, business daily Kommersant…
The rupee appreciated 24 paise to settle at 85.48 against the US dollar on Friday, supported by strong foreign fund inflows and firm domestic equity markets.At the interbank foreign exchange, the rupee opened at 85.50 and moved between 85.43 and 85.65 during the day before closing at 85.48 (provisional), up from its previous close of…
