EconomyIndia poised to lead global race towards 6G: COAI
New Delhi: India is poised to lead the global race towards 6G, with an exciting opportunity to drive technological leadership, the Cellular Operators Association of India (COAI) said on Monday. With the ongoing efforts like the Bharat 6G vision, the government aims to create 10 per cent of 6G patents from India and is evaluating
EconomyIndia’s savings rate shoots past global average: SBI report
New Delhi: India’s savings rate has surpassed the global average as financial inclusion has shot up in the country with over 80 per cent adults now having formal financial accounts, according to an SBI report released on Monday. India savings rate is at 30.2 per cent, which is higher than the global average of 28.2
EconomyGoogle ‘strongly disagrees’ with US DoJ’s lawsuit, files remedies proposal
Washington: Criticising the US Department of Justice (DoJ) lawsuit and its “overbroad proposal”, Google on Monday said that before it appeals in court, the company has filed its own remedies proposal, based on the actual findings in the court’s decision. Stressing that the company “strongly disagrees with and will appeal the decision in the DoJ
EconomyIndian market opens in green amid positive mixed global cues
Mumbai: The Indian stock market jumped more than 600 points in early trade on Monday amid positive mixed global cues. At around 9:29 am, Sensex was trading at 78,665.83 after gaining 624.24 points or 0.80 per cent, while the Nifty was trading at 23,773.45 after gaining 185.95 points or 0.79 per cent. The market trend
EconomyWoman flyer says Air India left passengers in the lurch in Milan
New Delhi: A woman passenger, who paid Rs 50,000 for a business class Air India ticket from Milan to Delhi, was left stranded in the Italian city overnight due to an 18-hour delay in the flight and ended up missing an important ceremony that was part of her sister’s wedding. Shivani Bazaz, the hapless passenger
EconomySEBI takes strict action in front running case, bars 9 entities, seizes over Rs 21 crore
Mumbai: Market regulator, the Securities and Exchange Board of India (SEBI) has taken strict action in a front-running case, banning PNB Met Life Insurance Company’s equity dealer Sachin Bakul Dagli and eight other entities from the stock market. According to the SEBI, front running was being done by Dagli and eight entities for more than
EconomySEBI takes strict action in front running case, bars 9 entities, seizes over Rs 21 crore
Mumbai: Market regulator, the Securities and Exchange Board of India (SEBI) has taken strict action in a front-running case, banning PNB Met Life Insurance Company’s equity dealer Sachin Bakul Dagli and eight other entities from the stock market. According to the SEBI, front running was being done by Dagli and eight entities for more than
EconomyGST recommendations to create business-friendly environment, ensure fairness: Experts
New Delhi: The 55th GST Council meeting has unveiled a series of pivotal recommendations designed to deliver targeted relief, streamline compliance processes, resolve industry ambiguities and promote trade facilitation, experts said on Sunday. Among the key proposals is a retrospective amendment to the blocked credit provisions, which now replaces the term “plant or machinery” with
EconomyCentral PSUs record 47 per cent jump in net profit for 2023-24, market cap doubles
New Delhi: Overall Net Profit of operating Central Public Sector Enterprises (CPSEs) rose to Rs 3.22 lakh crore in FY24 as against Rs 2.18 lakh crore in FY23 showing an increase of over 47 per cent, according to an official report. The market capitalisation of CPSEs more than doubled in Fiscal Year 2024-25 as compared
EconomyMarket Outlook: US bond yields, dollar index, FII data key triggers for next week
Mumbai: The market outlook for next week will depend upon several global and domestic cues, including factors linked to the US market, and FII data, according to experts on Sunday. The US factors are — bond yields, the dollar Index, initial jobless claims, new home sales data, and Durable Goods Orders data. The global and
