NEW DELHI: Sales of air purifiers are witnessing a sharp jump as pollution levels worsen across the country, even as the onset of winter spurs demand for other seasonal appliances including room heaters, geysers and electric kettles. Air-purifier sales on Amazon doubled over the past week alone, while those across e-commerce platforms grew 1.4 times…
NEW DELHI: Electronics and IT minister Ashwini Vaishnaw called on social media platforms to take greater responsibility for the content they carry, pressing them to explain how their algorithms work, protect children from harmful content and give users a better way to resolve complaints.Asked whether govt was considering withdrawing safe-harbour protection for social media companies,…
NEW DELHI: ONGC’s overseas investment arm ONGC Videsh (OVL) is exploring the possibility of securing operatorship rights for two Venezuelan oil projects – San Cristobal and PetroCarabobo — and is in advanced talks with the Venezuelan govt and US authorities.During an analyst call following its Q2 financial results, the company said the arrangement is likely…
Wall Street bounces back after days of decline Wall Street rebounded from its 18-month low on Friday, led by a sharp recovery in semiconductor stocks, as investors assessed the potential impact of Democratic election victories on the US artificial intelligence (AI) industry.The recovery followed a steep selloff in the previous session, triggered by fears that…
Kleros says Singapore court has ordered authorities to take action in $650Mn awardMUMBAI: Tata Power’s legal battle with Kleros Capital Partners, a British Virgin Islands-incorporated resource and infrastructure investment firm, has taken a significant turn after a Singapore court authorised the seizure and sale of shares held by the Tata Group utility in two of…
NEW DELHI: India is looking to attract at least three large semiconductor equipment makers and five major suppliers of chemicals and gases under Semicon 2.0. Union electronics and IT minister Ashwini Vaishnaw said he would judge the programme’s success by whether India could bring those companies in.He described the target as ambitious, saying the precision…
MUMBAI: RBI has proposed tighter rules for classifying gold-backed farm loans as priority sector lending (PSL), requiring banks to verify borrowers’ actual agricultural credit needs against the district scale of finance for the crop. Banks would also have to document field inspections, crop hypothecation and evidence of agricultural activity by landless cultivators failing which loans…
MUMBAI: The rupee strengthened 57 paise to close at 93.91 a six-month high against the US dollar, extending its recovery on sustained foreign fund inflows, falling crude oil prices and easing concerns over the global concentration of investments in artificial intelligence. The currency has emerged as the second-best performer against the dollar this month after…
New Delhi: The cost of oil for Indian refiners fell to $94.5 per barrel on Thursday, its lowest level in two months, amid hopes of a resolution to the US-Iran conflict and an exemption for commercial ships transiting the Strait of Hormuz. The Indian basket fell 20.4% in a week, from $118.7 on Oct 30….
NEW DELHI: A dip in gold prices drew shoppers to jewellery stores on Dhanteras on Friday. Carmakers lined up thousands of festive deliveries, while televisions led demand at an electronics retailer.Senco Gold & Diamonds reported sales growth of more than 25% by value, with footfall up 10-12% from last year, CEO Suvankar Sen said.Kalyan Jewellers…
