India rewrites telecom rulebook, replacing licence contracts with statutory authorisationsNew government rules replace the telecom industry's contractual licensing with a unilateral statutory model. Operators will now receive aut...
Adani Group to enter nuclear power, targets 10 GW by 2035Gautam Adani revealed ambitious expansion plans, including a 10 GW nuclear power venture by 2035 under Adani Atomic Energy. The conglomerat...
German naval ambitions suffer setback as warship order axedGermany on Wednesday pulled the plug on its largest naval order in decades after the anti-submarine warship project suffered delays, a setb...
What are the Fed's bank 'stress tests' and what's new this year?The US Federal Reserve is releasing its annual bank stress test results today, assessing how major lenders would fare in a severe economic ...
UK considers forcing social media firms to prioritise trusted newsThe culture department said on Monday it was considering requiring platforms such as Meta's Facebook, Alphabet-owned YouTube and TikTok to ...
Sebi plans simpler rulebook for stock exchanges, doing away with obsolete provisionsSebi is simplifying stock exchange rules to boost business ease. The regulator plans to consolidate multiple circulars into a single master...
India extends bidding deadline for deepwater oil and gas blocks for sixth timeIndia has extended the bidding deadline for deepwater and ultra-deepwater oil and gas blocks under the OALP-X and OALP-XI rounds to Septemb...
Sebi plans simpler rulebook for stock exchanges, doing away with obsolete provisionsSecurities and Exchange Board of India (Sebi) is proposing a significant overhaul of stock exchange and clearing corporation regulations to...
ArcelorMittal partners with AWS to automate global operationsSteel giant ArcelorMittal is joining forces with Amazon Web Services (AWS) to revolutionize its global operations. By integrating AWS's clo...
NHB probing Aavas Financiers over loan classification lapsesThe sector regulator has recalled refinancing support worth nearly Rs 500 crore —a punitive action that has set off a sweeping leadership o...
Maharashtra’s leasehold land record overhaul to tighten realty deals scrutinyMaharashtra has ordered that all government leasehold lands be recorded in revenue records with the state government as the sole occupant, ...
RBI overhauls Lead Bank Scheme after review, issues new guidelinesThe Reserve Bank of India has revamped the Lead Bank Scheme to boost district-level credit planning and financial inclusion. New guidelines...
Bain Capital CLO tranche defaults in post-2008 first for EuropeA European collateralised loan obligation managed by Bain Capital has defaulted on its most junior tranche, marking the first such failure ...
Reliance to turn crude into carbon fibre, green chemicals, other materials in major O2C overhaulReliance Industries is set to reinvent its oil-to-chemicals business. The company will convert crude oil into advanced materials and green ...
US launches trade investigation into Germany over drug pricingAmerica has started a trade probe into Germany's plan to cut pharmaceutical spending. U.S. Trade Representative Jamieson Greer stated the i...
US Stock Market: Warsh signals overhaul of policy communications, skips rate projection in major shiftFederal Reserve Chair Kevin Warsh signalled a possible overhaul of the US central bank’s communication strategy after declining to submit h...
Statistical system may get AI overhaul, data to be treated as asset: MoSPI SecyIndia is set to modernize its statistical system. Artificial intelligence will be integrated into official data. A national business regist...