Alibaba posted 26% cloud revenue growth to 33.4 billion yuan, fueled by heavy AI investment, even as weaker ecommerce sales dragged overall revenue 2% below estimates. China's Alibaba said on Friday artificial intelligence was key to expanding its cloud computing business, as it reported strong quarterly growth in the sector despite its wider operations missing revenue estimates. US-listed shares in the company were up 8% at the market open. Revenue in Alibaba's cloud segment surged 26% to 33....Read More
Goyal issued a direct call to action, urging the industry to invest heavily in domestic manufacturing and R&D to produce next-generation medical devices in India. Urging the need to set bold goals for growth, Union Minister of Commerce & Industry Piyush Goyal on Friday said that the MedTech sector is a natural candidate for Atmanirbharata and self-reliance. Speaking at the 17th CII Global MedTech Summit 2025 in New Delhi, the Minister urged the industry to use the government's Research, Develo...Read More
(Bloomberg) -- Oil fell as traders looked past US efforts to force India to quit buying Russian crude, and broader markets carried a risk-off tone. Global benchmark Brent dropped below $68 a barrel, while West Texas Intermediate was near $64. White House trade adviser Peter Navarro stepped up the pressure on New Delhi to halt purchases of Russian energy after Washington doubled a levy on imports from the country to 50%. Calling Indians "arrogant," he cast the conflict in Ukraine as "Modi's war,...Read More
President Droupadi Murmu on Friday presented the SCOPE Eminence Awards for 2022-23 in New Delhi, praising the role of public sector enterprises (PSEs) in India's growth journey and their contribution to nation-building since Independence. Addressing the gathering, the President said the awards celebrate the "significant contribution of public sector enterprises to the development of India" across social, economic, environmental, technological and ethical dimensions. She appreciated the Standing...Read More
Honey Baisoya led the initial round of the inaugural Kolar Open 2025 with a four-under 68, securing a two-shot lead. The event marks PGTI's debut at the ZION Hills Golf County. Baisoya's exceptional round included an eagle and multiple birdies, placing him ahead amidst challenging conditions. Honey Baisoya made an impressive start at the Kolar Open 2025, setting a two-shot lead with a four-under 68 at the new ZION Hills Golf County in Karnataka. This event marks a significant moment as PGTI lau...Read More
New Delhi, Aug 29 (UNI) Refining the Production-Linked Incentive (PLI) scheme for greater participation of MSMEs, rationalising import duties on critical raw materials, developing a robust raw material ecosystem, attracting multinational manufacturing and R&D hubs, utilising MedTech parks for co-innovation labs, aligning regulatory frameworks with global standards -- these are among the key recommendations of India's MedTech industry to help it emerge as a global manufacturing and innovation hub...Read More
Kolar (Karnataka), Aug 29 (PTI) Delhi's Kshitij Naveed Kaul snatched victory with an incredible late flourish at the Kolar Open with an impressive final round of seven-under 65, here Friday. Kaul (74-69-71-65), who was overnight fifth and six shots off the lead, staged an unbelievable comeback on day four -- highlighted by three birdies and an eagle on the last four holes that took his total to nine-under 279 and gave him a two-shot victory on the most windy day of the week. It was 24-year-old...Read More
New Delhi: After filing their Income Tax Return (ITR), many taxpayers eagerly wait for their tax refund -- especially if they've paid more tax than necessary during the year. Naturally, the big question that follows is: "When will my refund arrive?" Understanding how the refund process works can help ease the wait and ensure there are no unnecessary delays. Once you've filed and verified your Income Tax Return (ITR), the refund process typically begins. The Income Tax Department usually takes a...Read More
New Delhi [India], August 29 (ANI): With the Ganesh Chaturthi festivities gaining momentum across the country, people have welcomed Bappa in their own style. Ajay Kumar Mattewada, an internationally acclaimed micro-sculptor from Warangal, created a stunning piece of art by sculpting a dancing Lord Ganesha on the tip of an eyelash. In observance of Vinayaka Chavithi or Ganesh Chaturthi, Mattewade created the microsculpture, measuring only 0.37 mm (370 microns) in height. The creation is complet...Read More
NEW DELHI (AP) -- India and Japan on Friday agreed to further expand ties and deepen cooperation in areas such as security, economy, clean energy and human resources. The two nations released a "joint vision" for cooperation for the next 10 years after Indian Prime Minister Narendra Modi and his Japanese counterpart Shigeru Ishiba held talks in Tokyo. They agreed to boost Japanese private sector investment in India to 10 trillion yen ($68 billion) over the next decade. Here's a look at Modi's ...Read More
Hyderabad (Telangana) [India], August 29 (ANI): Renowned film director Sandeep Reddy Vanga, along with Pranay Reddy Vanga, met the Telangana Chief Minister Revanth Reddy at his Jubilee Hills residence. He donated Rs 10 lakhs to the CM's relief fund on behalf of Bhadrakali Productions, according to the Telangana CMO. Meanwhile, Union Minister of State Bandi Sanjay Kumar held a telephonic conversation with Telangana Revenue Minister Ponguleti Srinivas Reddy regarding the ongoing relief operation...Read More
NEW DELHI (AP) -- India and Japan on Friday agreed to further expand ties and deepen cooperation in areas such as security, economy, clean energy and human resources. The two nations released a "joint vision" for cooperation for the next 10 years after Indian Prime Minister Narendra Modi and his Japanese counterpart Shigeru Ishiba held talks in Tokyo. They agreed to boost Japanese private sector investment in India to 10 trillion yen ($68 billion) over the next decade. The Indian leader said I...Read More
Mumbai: The biggest news at Friday's 48th annual general meeting (AGM) of Reliance Industries Ltd (RIL) came in the form of upcoming Initial Public Offering (IPO) of Reliance Jio Platforms. RIL chairman and managing director Mukesh Ambani announced that the telecom and digital giant will file for an IPO in the first half of 2026. "Today, it is my proud privilege to announce that Jio is making all arrangements to file for its IPO," Ambani said. "We are aiming to list Jio by the first half of 2...Read More
New Delhi, Aug 29 (SocialNews.XYZ) The proposed rationalisation of Goods and Service Tax (GST) Slab before Diwali this year can pull up first-time buyers in the two-wheeler (2Ws) segment, a report said on Friday. "The imminent GST cut by 10 per cent (from 28 per cent to 18 per cent) can make the 2Ws a lot more affordable and help revive demand, both for first-time buyers and even replacement cycles," HSBC Global Investment Research said in a report. The Eighth Pay Commission will also provide ...Read More
New Delhi, Aug 29 (PTI) Banks and financial services firms during a joint meeting with the Department of Financial Services and the IT ministry on Friday sought detailed guidelines from the Reserve Bank of India (RBI) to implement the ban on online money gaming, sources said. The firms also sought more time to put in place mechanisms to comply with the ban, they said. The government has banned all forms of online money gaming by bringing in the Promotion and Regulation of Online Gaming Act aft...Read More
New Delhi, Aug 29 (PTI) Punjab Finance Minister Harpal Singh Cheema on Friday said the Centre under the current proposal to rationalize Goods and Services Tax (GST) rates should provide adequate compensation to states to prevent financial instability, asserting that such a balanced approach will protect the fiscal autonomy of states while advancing the objectives of GST reform in the true spirit of cooperative federalism. He emphasised that the benefits of this measure should reach the poor peo...Read More
New Delhi, Aug 29 (PTI) Jio Platforms, the entity that houses Reliance Industries' telecom and digital businesses, is gearing up for an initial public offering (IPO) and stock market listing in the first half of 2026, RIL Chairman Mukesh Ambani said Friday, sparking wide expectations that the share-sale could be the biggest in the country's history. Jio is currently a unit of Reliance Industries, India's most valuable company, and while the Reliance Industries Chairman did not disclose the quan...Read More
New Delhi, Aug 29 (PTI) Chief Economic Advisor V Anantha Nageswaran on Friday exuded confidence that Indian economy will grow at a rate between 6.3 and 6.8 per cent in the current fiscal on strong domestic demand, even though there would be some downside risks to the projections due to steep 50 per cent US tariffs. Briefing reporters after the announcement of first quarter GDP numbers which came in at 7.8 per cent, he said that high tariffs are expected to be "short-lived" as both the countries...Read More
CHANDIGARH: The flood situation in Punjab remains critical, with 836 villages and standing crops across more than 1.10 lakh acres affected in eight districts, Pathankot, Gurdaspur, Fazilka, Kapurthala, Tarn Taran, Ferozepur, Hoshiarpur and Amritsar, due to swelling of the Ravi, Beas and Sutlej rivers. So far, 7,689 people have been evacuated to safer locations. Heavy rains and the rising Ghaggar river, following intense rainfall in its catchment area and the opening of floodgates at Sukhna Lake...Read More
New Delhi: As India is facing a steep US tariff on exports, Union commerce and industry minister Piyush Goyal on Friday talked tough, saying that India will neither bow down nor ever appear weak in any trade deal with any country. Besides, the minister also assured all domestic exporters that the government would soon announce a slew of measures to boost exports and domestic consumption to shield the industry from the adverse impact of unilateral actions by other countries. His comments come at...Read More
MUMBAI: Reliance Industries will more than double its Ebitda or operating profit by 2027, chairman Mukesh Ambani said, outlining the group's value creation roadmap that focuses on building new growth engines while strengthening existing businesses to ensure sustained, long-term value creation. Addressing shareholders at the company's 48th annual general meeting here Friday, he said 2027 will mark the 'golden decade' of the company when it turns 50. Ambani said that Reliance has already transfor...Read More
The All India Students' Association (AISA) achieved a significant victory with the Delhi High Court's intervention against bond money requirements for Delhi University elections. This decision promotes inclusiveness by removing monetary barriers, allowing all students, including those from humble backgrounds, to participate in campus politics. In a landmark decision, the Delhi High Court ruled against the bond money requirements for Delhi University elections, a move celebrated by the All India...Read More
New Delhi, Aug 29 (PTI) India's largest retailer Reliance Retail is confident of delivering a 20 per cent CAGR over the next three years and is looking to scale its FMCG business by over eightfold in the next five years to Rs 1 lakh crore, besides investing invest Rs 40,000 crore to create Asia's largest food parks. Reliance, which now eyes global expansion of FMCG business "will invest Rs 40,000 crore (USD 4.7 billion) to create Asia's largest integrated food parks with AI-driven automation, r...Read More
New Delhi, August 29: Financial services major Paytm on Friday clarified that Google Play's recent notification on unified payments interface (UPI) handle changes was incomplete and may have created confusion. The company emphasised that there is no disruption to UPI payments on Paytm and both consumer and merchant transactions remain seamless. The update is relevant only for recurring payments such as subscription billing. "This means that if a user was paying for YouTube Premium or Google One...Read More
SRINAGAR, Aug 29: An inbound flight from Delhi requested emergency landing at the Srinagar airport on Friday, and landed safely, officials said. SpiceJet flight SG 385, flying from Delhi to Srinagar with 205 passengers, including four children, and seven crew on board, "reported emergency due pressurisation problem," the officials said, adding that the aircraft landed safely at the airport at 3:27 pm. "No medical assistance was requested by passengers or the crew on board the flight," the offi...Read More
New Delhi: The Hon'ble President of India, Smt. Droupadi Murmu, conferred the SCOPE Eminence Awards at Vigyan Bhawan, New Delhi. The event was organized by the Standing Conference of Public Enterprises (SCOPE), with the support of the Department of Public Enterprises (DPE), Ministry of Finance and was held in the presence of Shri Pankaj Chaudhary, Minister of State for Finance and Shri K. Moses Chalai, Secretary, DPE; Shri K. P. Mahadevaswamy, Chairman, SCOPE, and Shri Atul Sobti, Director Gener...Read More
Mumbai (Maharashtra) [India], August 29 (ANI): Bank deposits with Scheduled Commercial Banks (SCBs) recorded a year-on-year growth of 11.3 per cent as of June-end 2025, slightly lower than the 11.7 per cent growth (net of merger) seen a year earlier, according to the latest quarterly data released by the Reserve Bank of India on Friday. The surge was primarily driven by a strong rise in term deposits, which grew 13.5 per cent year-on-year, significantly outpacing the modest 5.4 per cent growth ...Read More
New Delhi [India], August 29 (ANI): Union Minister of State (MoS) for Law and Justice, Arjun Ram Meghwal, emphasised that India is steadily positioning itself as a global hub for arbitration with a focus on establishing a network of credible arbitral institutions. MoS Meghwal made the remarks during the first meeting of the India-Singapore Joint Consultative Committee (JCC), established under the Memorandum of Understanding (MoU) on cooperation in Law and Dispute Resolution, held in Singapore o...Read More
Mumbai (Maharashtra) [India], August 29 (ANI): Bank deposits with Scheduled Commercial Banks (SCBs) recorded a year-on-year growth of 11.3 per cent as of June-end 2025, slightly lower than the 11.7 per cent growth (net of merger) seen a year earlier, according to the latest quarterly data released by the Reserve Bank of India on Friday. The surge was primarily driven by a strong rise in term deposits, which grew 13.5 per cent year-on-year, significantly outpacing the modest 5.4 per cent growth ...Read More
NEW DELHI/LUCKNOW, Aug 29 (Reuters) - The Indian government is facing a backlash from motorists after the nationwide rollout of fuel blended with 20% ethanol, amid fears - stoked by a lack of clarity from some automakers - that it may affect the performance of particularly older vehicles. India, the world's third largest car market, set a 2025 target years ago for 20% ethanol blending in fuel, called E20, as part of Prime Minister Narendra Modi's focus on clean energy. But in recent weeks it h...Read More