Business

Govt has set a target of supporting up to 45.8 lakh electric two-wheelers, with Rs 2,767 crore earmarked for the segment NEW DELHI: Govt has extended incentives for electric two-wheelers under the PM E-DRIVE scheme till March 31, 2028, while also working on a financing support mechanism to bring down borrowing costs for electric buses…

AI could widen the pool of borrowers by allowing banks to use data beyond conventional financial histories MUMBAI: RBI governor Sanjay Malhotra said AI could do to lending decisions what UPI did to payments and urged banks not to sit on the sidelines as India is well-placed to adopt the technology because of its public…

The acquired portfolio comprises operating projects with an established generation track record KOLKATA: The RP-Sanjiv Goenka Group (RPSG) on Monday announced that Purvah Green Power, the renewable energy platform of CESC, will acquire a 1.4 GWp operating solar portfolio from ReNew Solar Power for an enterprise value of Rs 4,859 crore.The portfolio, spread across six…

The disclosure follows a post by data security firm S2W on X BENGALURU: TCS informed the stock exchanges on Monday that it received threat-intelligence alerts alleging possible exposure to certain employee information but said its investigation found no credible evidence of a breach of its systems or customer environments.The disclosure follows a post by data…

Industry executives said the issue is becoming widespread. MUMBAI: Non-life insurers are moving decisively to tackle motor third-party fraud to curb losses, which have risen due to higher court awards for victims and the impact of uninsured vehicles on premium collections.Go Digit General Insurance said it secured an order from Madras High Court on July…

RBI guv tells banks to build meaningful human oversight into AI Banks must ensure that humans remain accountable for decisions made with the help of artificial intelligence, Reserve Bank governor Sanjay Malhotra said on Tuesday, warning lenders against treating algorithms or technology vendors as responsible for their actions.Speaking at the annual Fibac event in the…

Fitch projected India’s GDP growth at 6.4 per cent for the current financial year. Fitch Ratings on Tuesday reaffirmed India’s sovereign credit rating at ‘BBB-‘ with a stable outlook. This extends India’s unchanged rating at the lowest investment-grade level to a 20th consecutive year.“Fitch Ratings has affirmed India’s Long-Term Issuer Default Ratings (IDRs) at BBB-…

July was the 65th consecutive month in which equity-oriented schemes registered positive inflows. Equity mutual fund investments slowed in July as concerns over valuations and subdued equity returns made investors more selective. Inflows into equity-oriented schemes fell 15 per cent from the previous month to Rs 24,697 crore, according to data released by industry body…

India’s net direct tax collections jumped 23.09% to Rs 8.11 lakh crore by August 10, 2026, up from Rs 6.59 lakh crore in the same period last year, data released by the income tax department showed.The latest figures put the increase in net tax receipts at Rs 1.52 lakh crore over the comparable period of…

Corporate earnings have consistently surpassed market forecasts, a trend welcomed by investors. US stock market today: Wall Street benchmarks traded close to record levels on Tuesday as investors awaited fresh inflation data, while oil prices remained volatile amid continued uncertainty over when the conflict with Iran would allow crude exports to resume freely.The S&P 500…