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Business

Meta Rejects EU's AI Code of Practice, Citing Legal Uncertainties and Overreach

Meta declines to join the EU's AI code of practice, citing legal uncertainties and measures beyond the AI Act's scope. Joel Kaplan criticizes Europe's approach to AI regulation, as...

Business

India Surpasses Climate Goals: 50% Power Capacity Now from Clean Energy Sources Ahead of Schedule

India has reached a pivotal climate milestone, with 50% of its power capacity now from non-fossil sources, achieving this target five years early. This success is driven by policy ...

Business

India's Forex Reserves Witness a Significant Drop: A Closer Look at the $3.06 Billion Decline

India's foreign exchange reserves fell by $3.064 billion to $696.672 billion, marking a second consecutive weekly decline. The drop was mainly due to decreases in foreign currency ...

Business

Reliance Retail Achieves Stellar Q1 Growth: 28.3% Profit Surge and 11.3% Revenue Increase

Reliance Retail Ventures Ltd reported a 28.3% YoY profit increase to Rs 3,271 crore and an 11.3% rise in gross revenue to Rs 84,171 crore for Q1 2025, driven by robust segment perf...

Business

Reliance Industries Soars: Q1 FY26 Net Profit Jumps 78% to Rs 26,994 Crore, Surpassing Expectations

Reliance Industries Limited reports a 78% YOY increase in Q1 FY26 net profit to Rs 26,994 crore, driven by strong performance in consumer segments and operational efficiencies, des...

Business

CAG Exposes Maharashtra's Rs 71 Crore Unjustified Payment to Mumbai-Pune Expressway Toll Operator During COVID-19 Lockdown

The CAG report criticizes Maharashtra for a Rs 71.07 crore waiver to a toll operator during COVID-19, against contract terms, sparking recovery efforts.

Business

Indian Overseas Bank Reports Stellar 75% Profit Surge in Q1 FY26, Eyes Rs 4,000 Crore Fundraise

Indian Overseas Bank (IOB) reports a 75.6% surge in net profit for Q1 FY26, plans to raise Rs 4,000 crore, and outlines strategies for sustained growth and financial health.

Business

Tata Group Establishes Rs 500 Crore Trust for Air India Crash Victims: A Beacon of Hope and Support

Tata Group launches a Rs 500 crore trust to support victims of the Air India Flight AI-171 crash, offering Rs 1 crore ex gratia to families of the deceased, medical treatment for t...