Global banks face mounting losses on lending to troubled US commercial property sector
London, Feb 3 - Nearly a year on from a banking crisis that led to the collapse of three US regional lenders and the emergency takeover of Credit Suisse in Europe, a fresh chill is running through banks as far apart as New
India a silver lining is 5G era as Ericsson, Nokia, Samsung report revenue slump
New Delhi, Feb 3 - Marking 5G era’s first record low year, Ericsson, Nokia and Samsung each announced a drop in overall 2023 sales in their earnings calls, citing macroeconomic challenges and a shrinking mobile network infrastructure market, as well as lower spending
India’s first solar-powered village in Gujarat a template for country to follow
Modhera, Feb 3 - A unique blend of tradition and modernity, the hamlet of Modhera, nestled in the heart of Gujarat, has carved its name in history by becoming India's first solar-powered village.
Solar lights for Chamunda trail in HP; solar fencing for farmers to bar strays
Shimla, Feb 3 - The Himalayan state of Himachal Pradesh, where farming communities are vulnerable to the effects of climate change, is focusing on a renewable energy transition -- the path to keep 1.5 degrees Celsius in reach.
Govt banks on big-ticket infra projects to put economy on growth track
New Delhi, Feb 3 - Big ticket infrastructure projects in the highways, railways and ports sector will continue to drive growth in the Indian economy as the government has stepped up the outlay for these investments in the interim budget for 2024-25.
India can become $7-tn economy by 2030 if states stay small business-friendly
New Delhi, Feb 3 - The Finance Ministry said that ten years ago, India was the 10th largest economy in the world, with a GDP of USD 1.9 trillion at current market prices.
PLI scheme buoys manufacturing sector, turns it into growth driver
New Delhi, Feb 3 - India's manufacturing sector has emerged as the main growth driver as the country continues to be a bright spot with an over 7 per cent GDP growth amid the global slowdown.
EVs, renewables, semiconductors: Triple engine to power transition
New Delhi, Feb 3 - As India aspires to become a $5 trillion economy by 2025, sunrise sectors like Electric Vehicles (EVs), renewable energy, semiconductors, electronics manufacturing and more – which have the potential to transform the country’s economic landscape -- have been
Multidimensional Poverty Index offers more nuanced view than monetary metric
New Delhi, Feb 3 - Traditionally, poverty has been measured by assessing monetary resources available for an individual or household.
Resilient farm sector hemmed in by climate crisis, storage blues, export curbs
New Delhi, Feb 3 - The agriculture sector plays a crucial role in the Indian economy as over 47 per cent of the country’s population is dependent on farming for their livelihood. A robust growth in the agricultural sector boosts the incomes of
Startup ecosystem resilient enough to drive growth despite turbulent 2023
New Delhi, Feb 3 - Despite facing global challenges in 2023 like valuation issues, few IPOs, regulatory changes and macroeconomic and geopolitical trends, India remains the third largest tech start-up ecosystem globally, with over 950 tech startups founded last year.
Higher exports, cheaper oil imports boost trade balance; Houthis cast a shadow
New Delhi, Feb 3 - Higher exports and lower prices for oil imports have helped India to reduce its trade deficit in recent months but the conflict in the Red Sea area which has emerged as a threat to shipping has emerged as
‘Digital India FutureLABS’ to catalyse next wave of startups from India: MoS IT
New Delhi, Feb 3 - The government on Saturday launched the ‘Digital India FutureLABS’ initiative that will enable partnerships between the government, startups and large enterprises to foster the next-generation electronics design ecosystem, thus catalysing the next wave of startups from the country.
SBI records 35% fall in Q3 net profit at Rs 9,163 crore
New Delhi, Feb 3 - State Bank of India (SBI) on Saturday reported a 35 per cent decline in net profit at Rs 9,163 crore for the October-December quarter of the current financial year.
Codex committee finalises quality standards for 5 spices
New Delhi, Feb 3 - The 7th session of the Codex Committee on Spices and Culinary Herbs (CCSCH) held at Kochi has finalised the quality standards for 5 spices, namely small cardamom, turmeric, juniper berry, allpice and star anise, the Commerce Ministry said
Tesla recalls more than 2 mn vehicles in US over warning lights issue
San Francisco, Feb 3 - Elon Musk-run Tesla is recalling more than two million vehicles -- almost all of the cars it sold in the US -- due to incorrect font size on warning lights.
Jeff Bezos to sell 50 mn Amazon shares in next 12 months
San Francisco, Feb 3 - Amazon founder Jeff Bezos is planning to sell at least 50 million company shares in the next year, the media reported.
Zuckerberg fifth richest person in the world following surge in Meta share price
New York, Feb 2 -Meta Platforms CEO Mark Zuckerberg is now the fifth richest person in the world following a surge in Meta’s share price that has seen his net worth increase more than any other individual this year, MarketWatch reported.
Tata Motors’ Q3 PAT zooms to Rs 7,145.43 crore
Chennai, Feb 2 - Indian automobile major Tata Motors Ltd said on Friday that it logged a consolidated net profit of Rs 7,145.43 crore for the quarter ended December 31, 2023.
Adani Electricity tops National Consumer Service Ratings among Mumbai discoms
Mumbai, Feb 2 - The Adani Electricity Mumbai Ltd (AEML) garnered 'A' ranking in the Consumer Service Ratings-2023 among 62 distribution companies across India, released by the Ministry of Power, an official said here on Friday.