INDIA
Stiglitz, Piketty, other economists urge Centre to restore MGNREGA: 'To dismantle it now would be a historic error'
The 20-year-old law has now been replaced with Viksit Bharat Guarantee for Rozgar and Ajeevika Mission (Gramin) Bill, 2025. The Parliament passed the new Bill on December 18
BUSINESS
Japan’s Mizuho Financial Group to acquire stake in KKR-backed Avendus
KKR-affiliate Redpoint Investments Pte Ltd will sell its stake in Avendus to Japanese group’s arm Mizuho Securities
COMPANIES
IndiGo to offer travel vouchers worth Rs 10,000 to passengers affected by flight disruptions
The vouchers will be in addition to refunds and the government-mandated compensation that the airline had to pay the customers for cancellations
BUSINESS
Microsoft CEO Satya Nadella announces tie-ups with Infosys, TCS, Cognizant, Wipro for Agentic AI's adoption
These companies will deploy over 50,000 Microsoft Copilot licenses each, setting up a new benchmark for enterprise-scale AI adoption, a company statement said
BUSINESS
IndiGo to hire external experts to investigate mass flight cancellations
The chairman also apologized unconditionally to the passengers for massive operational meltdown, admitting that the carrier has 'let the customers down'
BUSINESS
Global giants Amazon, Google, Microsoft make multi-billion dollar AI bet on India
A young and growing population along with availability of cheap data has made the country a fertile ground for AI-driven growth
INDIA
SpiceJet set to add 100 daily flights after Centre orders 10% cut for IndiGo
The development comes as its rival IndiGo, which has a market share of over 60 percent, failed to implement FDTL norms, resulting in Centre cutting the latter's 10 percent winter flights
INDIA
Aviation minister Ram Mohan Naidu counters Rahul Gandhi's monopoly charge: 'Don't make it political'
Congress leader Rahul Gandhi had alleged that the 'IndiGo fiasco' was the cost of the government’s 'monopoly model'
TECHNOLOGY
Centre wants Sanchar Saathi app on your phones but users flag major 'design flaws'
The DoT order will cover all the major smartphone makers, including Apple, Samsung, Xiaomi, Oppo, and Vivo and the app once installed cannot be deleted or uninstalled from the device
BUSINESS
India looks for oil tankers to import Middle East crude ahead of sanctions deadline
A dozen vessels have been hired so far this week to ship crude from various Middle Eastern countries, including Saudi Arabia, Kuwait, Iraq and UAE
BUSINESS
Zoho's Vembu announces end-to-end encryption for Arratai, says app's drop in users expected
Vembu reacts to drop in active users, says 'initial buzz rarely equals long term success'
BUSINESS
India signs 1-year deal to import LPG from US, says Hardeep Singh Puri
Puri said state-run oil companies have clinched a one-year deal to to import 2.2 MTPA LPG from the US, around 10 percent of India's annual share
INDIA
Faridabad explosives recovery linked to Delhi blast? Here's what happened earlier today
The severe blast led to deaths of at least 10 people and several were reported critically injured, official said
INDIA
Difficult for India to trust US, says Raghuram Rajan: 'Can't be most tariffed nation, then talk military'
Both nations will most likely 'figure out' a trade deal, but military ties and economic pain trigged by tariffs can’t go parallelly, Rajan said
COMPANIES
Hindustan Unilever's ice cream demerger plan gets NCLT's approval
The nod clears the way for the FMCG major’s long-awaited proposal to separate its ice cream business into a separate entity
INDIA
India gets rare earth boost as some firms receive import license from China
The development comes after US President Donald Trump earlier on Thursday said that the issue of rare earth with China has been 'settled'
BUSINESS
Indus Towers net profit declines 17% to Rs 1,837 crore, revenue rises 10%
The total revenue jumped 9.68 percent to Rs 8,188.2 crore in the reported quarter, compared to Rs 7,465.3 in the year-ago period
INDIA
Election Commission announces SIR in 12 states: Check the documents required
Significantly, several opposition-ruled states, including Tamil Nadu, West Bengal and Kerala are set to go to elections next year
WORLD
US offers clarity on $100,000 H-1B visa fee: Who pays, who is exempt and what it means for Indian techies
The fresh guidelines issued on October 20 provide major relief to IT workers and comes after the US Chamber of Commerce sued the Trump administration over the new norms
COMPANIES
TCS to create 5,000 new jobs in UK, opens AI experience and design studio in London
The London studio is TCS’ second after the company opened a studio in New York in September.
COMPANIES
SpiceJet adds 3 new aircraft as it seeks to ramp up fleet capacity for festive rush
The new aircraft will join the operations between October 10 and 11 as the low-cost airline seeks to ramp-up its fleet
MARKETS
SEBI chief not worried about foreign fund outflows, says working to cut FPI registration time
Tuhin Kanta Pandey reasoned that India has 'strong' macroeconomic fundamentals and the funds will certainly be there where the growth is
WORLD
No new air-to-air missiles to Pakistan: US denies media reports
The clarification comes soon after both PM Modi and President Trump held a phone conversation on October 9
INDIA
PM Modi welcomes Israel-Hamas ceasefire deal: 'Hope this will pave way for lasting peace'
PM Modi said this reflects Israeli counterpart Benjamin Netanyahu’s 'strong leadership'
