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India Forms AI Governance Body to Steer National Strategy
A high-level inter-ministerial body, AI Governance and Economic Group, headed by Union IT Minister Ashwini Vaishnaw, has been constituted to steer the country's national AI governance strategy, an official statement said on Thursday.
AI Governance and Economic Group (AIGEG) will coordinate policy...
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India, New Zealand FTA to be signed on April 27
India and New Zealand will sign a free trade agreement (FTA) on April 27 here, an official said on Thursday.
The free trade pact aims to provide tariff-free access to the island nation's market for domestic exporters' goods and will bring in USD 20 billion in investment over the next 15 years....
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EXIM Bank says repayments unaffected by West Asia conflict
There has been no impact on client repayments because of the Middle East conflict, a top official from the EXIM Bank of India has said.
Indian companies' presence in the Middle East is concentrated in the construction or infrastructure sector, and their business may have suffered in the last mont...
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India's crude imports down 21%; Russia tops, Iran gains
India's crude oil imports fell 21% in the first fortnight of April compared with February, reflecting the supply disruptions caused by the Iran war. The month saw Russia account for about 40% of supplies and Iran emerging as India's fourth-largest crude supplier, overtaking the US....
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Indian negotiators to seek better terms in US trade talks
The Indian negotiators would be travelling to US from April 20-22 to work towards finalising the legal agreement based on the joint statement of February 7 while preserving the comparative tariff advantage in the American market
“As a follow-up of the joint statement, an agreement has to be fina...
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Goods exports fall 7.4% in March, shipments to West Asia down 68%
The US-Israel war with Iran and the resultant blockade of the Strait of Hormuz, a key waterway, caused India’s merchandise exports to fall 7.4% year-on-year to $38.92 billion in March; shipments to the West Asian region dropped by 58%. With imports also declining by 6.5% to $59.59 billion in the mon...
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Buyouts gain pace as PE seeks control
Private equity investors in India are increasingly favouring buyouts as they seek greater control and operational influence, driving a sharp rise in both deal value and volume. According to a recent EY report, average annual buyout investments rose 52% to $14.2 billion during 2021–2025, compared wit...
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War inflicts input cost pain on India Inc, 20%-70% price hike in key raw material upsets targets
Corporate India is grappling with a sharp spike in commodity costs triggered by the war in West Asia that has forced firms to reassess pricing strategies, defer capital expenditure plans, and brace for earnings and margin pressures in the coming quarters.
Crude oil, the most immediate casualty of...
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| Global Economy |
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China's economy grows at 5% in first quarter, shrugging off initial impact of Iran war
China's economy accelerated in the first quarter of this year, expanding 5% from a year earlier as it largely shrugged off impacts from the Iran war so far, according to data released Thursday.
The January-March data released by the government, covering a period during which the Iran war began, w...
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World Bank Plans up to $2 Billion Guarantee to Help Argentina Refinance Debt
The World Bank Group said on Thursday it is working on a guarantee of up to $2 billion to help refinance “a relevant portion of Argentina’s debt.”
The operation is subject to approval by the World Bank’s Board of Executive Directors, the bank said....
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Germany Unlikely to Slip Into Recession, Bundesbank Chief Says
Bundesbank President Joachim Nagel said on Thursday that the oil price shock due to the Iran war will take a toll on the German economy but is unlikely to trigger a recession.
"A great deal would have to happen for us to enter a recession now," Nagel said in Washington, on a panel with Finance M...
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BOJ Chief Avoids Hints of April Rate Hike, Shattering Hawkish Market Bets
Bank of Japan Governor Kazuo Ueda steered clear of signalling a rate hike was on the cards this month, instead highlighting the country's low real interest rates and robust corporate profits, heightening the chance it will hold fire at least until June.
Japan is facing rising inflation from a "ne...
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US manufacturing output dips in March
US factory production unexpectedly fell in March after two straight months of solid gains, weighed down by decreases in the output of motor vehicles and a range of other goods.
Manufacturing output dipped 0.1% last month after an upwardly revised 0.4% increase in February, the Federal Reserve sai...
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| SEBI |
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SEBI extends NPO registration validity on SSE to 3 years
The Securities and Exchange Board of India (Sebi) has made changes to not-for-profit organisations’ (NPOs) registration requirements on the social stock exchange (SSE) and the minimum subscription norms for zero-coupon zero-principal instruments.
The regulator has extended the registration perio...
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| IMC Chamber of Commerce and Industry Events |
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Source - Yahoo India Finance @ 10:04 |
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| Indian Corporate |
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Paras Defence Partners with Northstar for Air-to-Air Refuelling Tech for Indian Military
A leading Indian defence and space engineering company on Thursday said it has partnered with a US-based firm that will enable it to bring proven air-to-air refuelling technologies and support services for the Indian armed forces.
The deal will also lead to associated services for the Indian arme...
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Oilmax Energy targets Rs 3,000 cr revenue by 2028-19
Oilmax Energy, which is undergoing a merger with its subsidiary Asian Energy, has set a revenue target of Rs 3,000 crore by 2028-29, as it expands across oil, gas and coal businesses while also exploring emerging segments like coal gasification.
The Mumbai-based company has laid out a roadmap acr...
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HDFC AMC’s net profit increased by 16% in FY26
HDFC AMC declared its earnings results for FY26 today, recording a 16.19% increase in its net profit from Rs 2,461 crore in FY25 to Rs 2,859 crore in FY26. The revenue from operations also rose by 17.7% from Rs 3,498 crore in FY25 to Rs 4,119 crore in FY26. The dividend per share also increased from...
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Wipro profit up 13%, flags muted outlook
Wipro on Thursday reported a sequential rise in net profit for the January-March quarter, exceeding Bloomberg estimates, while revenue marginally missed expectations and guidance pointed to continued demand caution.
Consolidated net profit rose 13% quarter-on-quarter to Rs 3,502 crore from Rs 3,1...
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Exclusive | ‘Focus is on scaling high-quality assets; growing hybrid, storage offerings,’ says Srivatsan Iyer, Global CEO, Hero Future Engeries
Hero Future Energies, part of Hero group, has a portfolio of nearly 7.2 GW of renewable energy assets spanning solar, wind, and hybrid, along with 2.3 GWh of battery energy storage systems in four countries and is looking to expand its capacity and scale up green hydrogen and hybrid projects. In an...
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Zerodha’s zero brokerage saved investors over Rs 27,000 crore: Founder
Zerodha’s zero-brokerage approach has saved its investors over Rs 27,000 crore year-to-date since 2016, Founder Nithin Kamath said. The Bengaluru-based discount broker is one of the very few players that charge zero brokerage on delivery trades, while it charges Rs 20 per day on intra-day and future...
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Wipro board approves Rs 15,000 crore buyback
The board of IT major Wipro on Thursday approved the proposed share buyback of up to Rs 15,000 crore through the tender offer route. This is the firm’s largest buyback exercise, and its first since 2023, when it bought back nearly 270 million shares for Rs 12,000 crore.
Under the proposal, the co...
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| Global Corporate |
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Schroders Shareholders Approve $13.4 Billion Sale to Nuveen
Schroders shareholders on Thursday approved a 9.9 billion pound ($13.4 billion) sale of the British asset manager to U.S. rival Nuveen, confirming the end of independence for one of London's historic fund houses.
Investors in the 222-year-old firm backed the deal with 99.9% of votes cast at a gen...
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OpenAI Launches AI Model GPT-Rosalind for Life Sciences Research
April 16 - OpenAI on Thursday introduced an artificial intelligence model touting increased biology knowledge and scientific research capabilities, as the startup deepens its push into the life sciences field.
The GPT-Rosalind, named after 20th-century British scientist Rosalind Franklin, is desi...
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NiSource Signs Long-Term Power Deal With Alphabet, Expands Amazon Agreement
U.S. utility NiSource said on Thursday it had signed a long-term energy supply agreement with a unit of Alphabet to support a large data center in northern Indiana.
The company also said it had expanded an agreement with Amazon to speed up power delivery to its sites and bring forward bill credit...
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Sony to Get up to $380 Million Image Sensor Factory Japan Subsidy
The Japanese government will provide subsidies of up to 60 billion yen ($380 million) to Sony for an image sensor plant in the western Japanese prefecture of Kumamoto, industry minister Ryosei Akazawa said on Friday.
Image sensors will be "indispensable for autonomous driving and physical AI" and...
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