India is expected to see a 9-10% rise in peak electricity demand this summer due to more heatwaves, driven by climate change. Experts highlight the surge in air conditioner sales and the rising household electricity consumption. Concerns are raised regarding…
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Reliance has discussed selling OpenAI’s models to its enterprise customers through an application programming interface or API.
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Small consumer firms in urban India have grown at double the rate of their larger counterparts over the past year, according to Kantar data. Big companies’ sales volume rose by 2-3%, while smaller brands saw 5-7% growth. Inflation, low wage…
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Banks in India, both public and private, will soon adopt a streamlined format to help account holders or their nominees reclaim over ₹78,213 crore in unclaimed deposits. The new system will feature common application forms and standard required documents, with…
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The other significant amendment proposes to remove the word “indirectly” in a provision governing offshore funds, to encourage them to relocate to India. Another amendment introduces a new term, “total undisclosed income,” in relation to search and seizure assessment.
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IL&FS Engineering Services has been issued a show cause notice by Indian Overseas Bank concerning the classification of its loan account as a suspicious fraud account involving Rs 123 crore. The matter was highlighted in a forensic audit by Grant…
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