Bajaj Auto-backed Yulu, India’s largest shared electric mobility company, is eyeing international markets with its electric two-wheeler ecosystem around 2025-26. This expansion will be driven by a new product from Bajaj, alongside Yulu’s broader plans to grow its market presence and product offerings in India. The company aims to achieve profitability by 2024-25. Yulu is … Read more
India is likely to ease restrictions on Chinese investment in non-sensitive sectors like solar panels and battery manufacturing where New Delhi lacks expertise and which hinders domestic manufacturing, two government sources said. In 2020, India tightened scrutiny on investments from companies based in China due to military tensions in the remote Himalayan border. The government … Read more
The Indian real estate sector has been experiencing a significant boom in recent quarters, driven by factors such as rapid urbanisation, policy reforms, increase in disposable income and a continuous growth in consumer sentiments. Last year, the sector registered remarkable progress, consolidating its position among various other sectors. And indeed, the Finance Minister has given … Read more
The discovery of an innovative drug represents a significant breakthrough in the field of anti-aging research. The newly discovered drug aims to inhibit a protein associated with aging, perhaps prolonging life and enhancing general health. Rats included in the experiments had a notable 25% longer lifespan and several other health benefits from the medication. The … Read more
The GPT-4o mini model’s score compared with 77.9 per cent for Google’s Gemini Flash and 73.8 per cent for Anthropic’s Claude Haiku: OpenAI | Photographer: David Paul Morris/Bloomberg 2 min read Last Updated : Jul 18 2024 | 10:49 PM IST ChatGPT maker OpenAI said on Thursday it was launching GPT-4o mini, a cost-efficient small … Read more
Apple Inc is poised to report a 35 per cent year-on-year surge in its India revenue at nearly Rs 67,000 crore (a little over $8 billion) for 2023-24, according to people in the know. The official financial filing is anticipated to be submitted by September-October to the Registrar of Companies (RoC) by the Cupertino-based tech … Read more
In its efforts to crack down on unsolicited stock recommendations and advisors, the Securities and Exchange Board of India (Sebi) has issued warning letters to around 20 unauthorised investment advisors since May. The market regulator’s actions come at a time when it is trying to draw sharp lines between registered advisors and those giving stock … Read more
Global brokerage firm Morgan Stanley expects Finance Minister Nirmala Sitharaman’s upcoming Budget to focus on the government’s road map for ‘Viksit Bharat’ by 2047 and spell out the medium-term plan for fiscal consolidation. “With fiscal prudence guiding the overall fiscal policy stance, we expect the focus to remain on capex expenditure over revenue expenditure and … Read more
Former Reserve Bank of India (RBI) Governor Raghuram Rajan called on India to prioritise the enhancement of its service sector over the expansion of manufacturing to achieve sustainable economic growth and create jobs. Speaking at the Annual World Bank Conference on Wednesday, Rajan argued that manufacturing is not the “holy grail” for India’s economic success. … Read more