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…
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…
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…
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…
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….
Gains 1,781 points fri even as US market, AI stocks crashMUMBAI: In one of the best weekly gains in recent times, sensex closed over 8.8% up as foreign funds came back to buy Indian stocks, as the US midterm polls raised hopes of policy stability, and also of a diplomatic resolution to the war in…
NEW DELHI: Public sector oil marketing companies (OMCs) on Friday hit back at Congress-led Karnataka govt’s claims that petrol tested by labs authorised by it had found ethanol content exceeding the prescribed 20% limit, and said the findings were not supported by tests conducted under statutory and technical procedures.Karnataka food, civil supplies and legal metrology…
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…
Stock market marked its best week since early 2021 Indian stock markets staged a strong recovery ahead of Diwali, with benchmark indices rising for seven consecutive sessions and posting their biggest weekly gains in more than five years. The rally added nearly Rs 29.57 lakh crore to investor wealth, even as a sharp global technology…
Karnataka has sought action against oil marketing companies and compensation for consumers over alleged excess blending. NEW DELHI: The Karnataka government on Friday alleged that petrol supplied by major oil marketing companies (OMCs) in the state contained ethanol well above the prescribed 20% limit, with laboratory tests recording levels of up to 31.2%. It sought…
