File photo: US President Donald Trump (Picture credit: AP) US President Donald Trump has praised India’s economic performance, saying the country is “doing very well”, marking a sharp shift from his remarks last year when he described India as a “dead economy” amid trade tensions.Speaking in an interview with CNBC on Thursday ahead of the…
Representative image (Picture credit: Reuters) India has allowed four Chinese power equipment manufacturers with production facilities in the country to participate in government tenders for critical power projects, according to a finance ministry order dated June 24.The exemption applies to TBEA Energy, Nanjing Electric India, New Northeast Electric India and Taikai Electric (India).The order follows…
File photo: US President Donald Trump (Picture credit: AP) US President Donald Trump on Friday claimed that the American economy was “soaring”, pointing to record stock market performance, rising exports, increased investment and tax cuts as signs that the country had entered a new period of economic growth.In a post on his Truth Social platform,…
ToneTag eKosha to convert UPI soundboxes into banking touch points MUMBAI: Bengaluru-based fintech ToneTag has launched a tech stack that allows shopkeepers to use their UPI soundboxes for conversational banking without requiring the tech savviness needed for mobile or internet banking. ToneTag’s speciality is enabling payments using sound-based contactless data transfer without a network, the…
MUMBAI: Credit growth remained elevated across the banking system on a year-on-year basis for the quarter ended June 2026 with few banks reporting advances growing at double the rate of credit growth. In contrast, the wedge between credit and deposit growth widened with some banks (Bank of Baroda, IDBI and RBL) reporting a dip in…
CHENNAI: Cyberattacks on two major Indian manufacturing facilities recently have highlighted growing cyber risks facing India’s factory floors once again.Bajaj Auto and one of its subsidiaries reported a ransomware attack that affected parts of their IT systems on June 23, while Tata Electronics disclosed a cyber breach a day earlier. Both companies said they activated…
Representative image (ANI) NEW DELHI: For many Indian consumers, owning an iPhone remains a status symbol. So, it would be easy to assume that Apple dominates smartphone purchases made through easy monthly instalments. The reality, however, is quite different.Samsung is the country’s leading smartphone brand in terms of devices sold through financing, followed by Vivo…
Finance minister Nirmala Sitharaman NEW DELHI: Finance minister Nirmala Sitharaman on Friday described the middle class as the growth engine of India and said nearly 500 cities are poised to emerge as the country’s next centres of economic activity.Participating in a panel discussion on ‘How to promote the rise of a new middle class’ at…
BENGALURU: German software major SAP is tightening hiring, travel and third-party spending as it steps up investments in artificial intelligence, according to an internal email sent to employees.In the email, SAP said the rapid pace of AI adoption is driving significant investments in AI products, strategic acquisitions and the infrastructure needed to support AI workloads….
NEW DELHI: Commerce and industry minister Piyush Goyal on Friday urged states to identify products that are currently imported but can be manufactured competitively in India.He said such efforts would not only reduce import dependence and save foreign exchange but also strengthen domestic supply chains and reduce vulnerabilities arising from excessive dependence on foreign suppliers.This…
