India's demographic advantage and diverse economic landscape position it uniquely to benefit from AI, the Economic Survey for 2024-25 tabled in the Parliament on Friday afternoon asserted. However, achieving these benefits requires significant investments in education and workforce skilling, supported by enabling, insuring, and stewarding institutions, the state of the economy report tabled by Finance Minister Nirmala Sitharaman said.
Following the mid-air collision between an American Airlines plane and a United States Army helicopter in which all 67 are feared dead, President Donald Trump on Thursday blamed former Democratic Presidents Joe Biden and Barack Obama for lowering air safety standards.
Implications for capital gains, wealth taxes, and investment strategies require careful consideration, notes Anil Rego, founder and CEO, RightHorizons.
'If the BJP detoxifies the nuclear liability law, it will bring economic, environmental and, most of all, strategic benefits.' 'Let's keep our fingers crossed and hope that this Budget promise is met soon -- ideally, before Mr Modi heads to his first meeting with Trump 2.0,' observes Shekhar Gupta.
Value mutual funds have witnessed robust investor interest, garnering Rs 22,757 crore in inflows in 2024, nearly double the amount seen in 2023, fueled by impressive returns generated by the segment. This surge reflects a shift in investor focus towards fundamentally strong yet undervalued stocks.
After the mid-air collision over the Potomac river in Washington, DC, authorities said that they no longer expect to find any survivors, and efforts have shifted to a recovery mission, according to DC Fire and EMS Chief John Donnelly, according to a report by CNN.
India's e-commerce market alone is projected to reach $200 billion by 2026, making it a prime industry for ambitious entrepreneurs, explains rediffGURU Harsh Bharwani.
Given India's batting collapses in the last two matches, key changes to the playing XI are anticipated.
'The use of AI, especially genAI is only going to get worse, especially in an enterprise ecosystem.'
The Budget announcement of zero tax for earnings upto Rs 12 lakh per annum and the rejig of tax slabs across the board should prompt more than 90 per cent of individual taxpayers to embrace the new tax regime as compared to the about 75 per cent as of now, CBDT Chairman Ravi Agrawal said. Agrawal also highlighted the government's focus on "non-intrusive" tax administration through enhanced use of Artificial Intelligence (AI) and simplified tax processes for common taxpayers. He emphasized the benefits of the new tax regime (NTR), which offers simple calculations and allows taxpayers to file their ITR without professional help. The CBDT chief stated that the Budget provisions related to income tax payment benefit all income earners, not just those earning Rs 12 lakh per annum, creating a positive sentiment in the economy and propelling growth. The department is also harnessing technology, including AI and data analytics, to widen and deepen the tax base, resulting in increased compliance and tax revenue. Agrawal further highlighted the positive impact of data availability and simplified tax processes on compliance rates, citing examples of taxpayers filing revised returns and paying taxes after being prompted by the department's data analysis.
Tata Motors on Wednesday reported a 22 per cent fall in consolidated net profit to Rs 5,578 crore for the third quarter ended December 2024, impacted by s decline in revenue from its passenger and commercial vehicles divisions. The company had posted a consolidated net profit of Rs 7,145 crore in the same quarter last fiscal, Tata Motors said in a regulatory filing.
'Our vision is to become a GenAI managed services provider.'
'Spend, but create assets, spend but make sure that people benefit from it.' 'This has been a beautiful guiding principle. And I think as a finance minister I owe so much to the prime minister for keeping this path clear before us.'
A man who was detained in Durg in Chhattisgarh as a suspect in the January 16 Saif Ali Khan attack case said on Sunday that his life is in complete disarray following police action, leaving him without a job, a snub from his prospective bride and family facing ignominy.
The exodus of FPIs from the Indian equity markets continues unabated, as they withdrew Rs 64,156 crore ($7.44 billion) this month so far on depreciation of the rupee, rise in the US bond yields and expectation of a tepid earning season. This came after an investment of Rs 15,446 crore in the entire December, data with the depositories showed.
In an eventful week ahead, stock market investors will take cues from major events like the US Federal Reserve's interest rate decision, the upcoming Union Budget and Q3 earnings, analysts said.
'We have been fighting to treat political prisoners differently.' 'Except for Hyderabad and Kolkata, the concept of keeping political prisoners separate doesn't exist in India.'
10 largecaps stocks which stand to gain from the Budget.
'That is the way this game goes, you have to be open and you have to be ready to learn.'
The duo is aiming for top-30 ranking and continued success in bigger tournaments.
Shares of Bajaj Finance surged over 6 per cent on Thursday after the diversified non-banking finance company reported an 18 per cent increase in consolidated net profit to Rs 4,308 crore for the December quarter. The stock rallied 6.33 per cent intraday to touch Rs 8,249.95 - a 52-week high -- on the BSE.
Havells India, the country's largest listed consumer electrical company, reported a mixed performance in the 2024-25 (FY25) October-December quarter (Q3). While the top line benefited from festival demand, lower margins impacted operational performance.
Law enforcement officials from the US Department of Homeland Security have started visiting gurdwaras in New York and New Jersey to check for the presence of illegal immigrants, drawing a sharp reaction from some Sikh organisations which see such actions as a threat to the sanctity of their faith. The Trump administration has rescinded the Biden administration's guidelines that protected places of worship from immigration enforcement actions, leading to concerns that gurdwaras are being targeted. Sikh organisations argue that gurdwaras are not just places of worship but also vital community centres and that surveillance and raids by armed law enforcement would burden religious exercise and limit the ability of Sikhs to gather and associate with one another.
'Films like Roja and Bombay, at that point of time, were not something about which I would be too worried.' 'I thought if I'm honest and if I'm reflecting what a normal person like me is feeling, then that honesty will come through.'
'If it doesn't, it will continue with measures to infuse liquidity, signalling a new cycle,' predicts Tamal Bandyopadhyay.
India's opposition parties have sharply criticized the Union Budget, calling it inadequate to address the country's economic woes and accusing the BJP-led government of using it to woo voters in Bihar and Delhi ahead of upcoming elections. Leaders from the Congress, TMC, DMK, SP, and CPI(M) voiced their disapproval, highlighting concerns over inflation, unemployment, and the lack of substantial measures to support the agricultural sector and the poor. They also criticized the tax cuts for the middle class as insufficient and coming too late after years of high taxes and rising prices.
rediffGURU T S Khurana answers readers' personal income tax queries.
A YouTuber from Thrissur, India, who was arrested in an attempt to murder case, has been transferred to a mental health center after experiencing distress due to the jail authorities cutting his hair. Muhammad Shaheen Shah, known as 'Manavalan' (groom) on YouTube, was remanded to judicial custody for allegedly attempting to run over college students with a car. He was shifted to a hospital in Thrissur after he was seen experiencing distress and is currently under observation.
With 20 points in their kitty, the Royals are within touching distance of becoming the first team to qualify for the play-offs.
Students at Ashoka University in Haryana are protesting against new security measures, including vehicle checks and prohibition on carrying cigarettes and alcohol on campus. The new protocols, reportedly outlined in a January 13 email by the varsity's Vice President of Operations, also include shifting student movement to another gate and submitting students to pocket checks. Students have criticised the measures as invasive and an overreach of authorities, demanding a roll-back.
Forty years after the Bhopal gas tragedy, 377 tons of hazardous waste has been shifted from the defunct Union Carbide factory for its disposal, an official said.
Despite the loss, the Tamil Nadu Dragons held on to the top spot in the points table with 17 points from nine games.
This will be the first full-year Budget of the BJP-led National Democratic Alliance government since it came to power for a third consecutive term in July last year.
The Wrestling Federation of India said this was a temporary arrangement and the body will move to its new office in Connaught Place early next month.
'We went on to make history that year by winning all 3 international titles.'
In view of the 'unidentified illness' in Rajouri's Badhal village, the village has been declared a containment zone, and the affected families' homes sealed; a few patients brought to Government Medical College (GMC) in Rajouri on Thursday.
England were cruising at nearly nine runs per over after the powerplay when Chakravarthy turned the game around.
IMAGES from the 3rd T20I between India and England in Rajkot on Tuesday.
Finance Minister Nirmala Sitharaman on Friday participated in a traditional 'halwa' ceremony, marking the final stage for the preparation of Union Budget 2025-26 to be unveiled on February 1 in the Lok Sabha. The ceremony is a customary ritual in which traditional dessert 'halwa' is prepared and served to officials and staff members of the finance ministry who are involved in the preparation of the Budget.
Former National Security Advisor (NSA) Shivshankar Menon has stated that the political dynamics between India and Pakistan have resulted in a "controlled level of hostility" that benefits the ruling elites in both nations. Speaking at the Kerala Literature Festival, Menon described Pakistan as a "brand new state" still grappling with its national identity. He argued that India's foreign policy towards Pakistan is influenced by its domestic politics, resulting in an uneasy equilibrium characterized by a "controlled level of hostility." Menon also questioned the concept of a multipolar world, stating that the current global order is merely "confused." He emphasized that the United States remains the world's true military hegemon, while other nations, including China, are regional powers. Menon further argued that there is no binding international order, leading to a state of "between orders." He highlighted the absence of definitive international agreements on crucial issues in recent decades.
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