Author: NNI Editor

Industrialist Anil Ambani. File photo | Photo Credit: The Hindu Raising concerns over banks casual take in declaring bank accounts as defaulter or fraud, the Bombay High Court on Friday, issued notice to Union Bank of India (UBI) and the Reserve Bank of India (RBI) in response to a petition filed by industrialist Anil Ambani. The petition challenges the October 10, 2024, order passed by the UBI by which it classified Mr. Ambani’s loan account linked to Reliance Communications as a fraudulent account under the RBI’s Master Circular.  A Division Bench of Justices, Revati Mohite-Dere and Dr. Neela Gokhale declined…

C-suite executives have expressed diverse opinions on work hours per week [File] | Photo Credit: REUTERS Reliance Jio Infocomm chairman Akash Ambani on Friday said the number of hours put in at the office does not matter to him as much as the quality of work daily.In the comments that come amid a heated debate on the number of hours to be put in at work per week, the son of the richest Indian Mukesh Ambani said both work and family are the biggest priorities of his life and it is very important for a person to know his or…

FILE PHOTO: U.S. President Donald Trump holds a signed executive order on cryptocurrencies, in the Oval Office of the White House, in Washington, U.S., January 23, 2025. REUTERS/Kevin Lamarque/File Photo | Photo Credit: KEVIN LAMARQUE U.S. President Donald Trump’s economic and tariff policies and measures to secure his country’s borders may seem justified in terms of promoting his nation’s interests. But they have wider ramifications not only for Americans themselves, but also for the rest of the world. His tariff proposals will result in supply chain disruptions, lead to market and currency volatility, disrupt capital and trade flows, contribute to…

Bajaj Auto logo. File. | Photo Credit: Reuters Bajaj Auto Ltd. has announced the launch of Bajaj GoGo, it’s all-new brand of electric autos. The First two passenger vehicles launched are P5009, available at ₹3,26,797 and P7012 available at ₹3,83,004 (ex-showroom Delhi).Samardeep Subandh, President, Intra City Business Unit, Bajaj Auto Ltd., said, “The launch of the all-electric Bajaj GOGO range of three wheelers will set new benchmarks for this segment. With a certified range of up to 251 Kms, segment first features and the trusted Bajaj reliability and service Bajaj GOGO will provide a comprehensive solution to customers looking to maximise…

Core sector output growth slowed to 4.6% in January 2025 from 4.8% in December 2024, according to commerce ministry data.Cement output increased the most to 14.5%. Barring crude oil and natural gas, where output fell by 1.1% and 1.5% respectively, other sectors registered growth. The electricity sector registered a growth rate of 1.3% in January from 6.2% a month ago. The eight core sectors contribute 40.27% to the Index of Industrial Production, which measures overall industrial growth. The performance of core sectors in the reporting month was largely on account of base effects, said Bank of Baroda chief economist Madan…

Meta logo | Photo Credit: Reuters The Government of Maharashtra on Friday (February 28, 2025) announced partnering with Meta (formerly Facebook) during the Mumbai Tech Week 2025. The aim of this collaboration is to provide all citizen services via WhatsApp on a single number, empowering 125 million citizens to access government services from anywhere, at any time.  The chatbot, ‘Aaple Sarkar’, will be available in three languages – Marathi, English, and Hindi and will offer service through both text and voice. The chatbot will offer services like addressing grievances, downloading critical documents and certificates, convenience services like booking bus tickets…

 Cement output rose to 14.5% in January | Photo Credit: Reuters The output of eight key infrastructure sectors rose by 4.6% in January against a 4.2% expansion in the same month of last year, according to official data released on Friday (February 28, 2025). The key infrastructure sectors’ output had expanded by 4.8% in December 2024. In January this year, the production of crude oil and natural gas declined compared to the year-ago period. Coal production rose by 4.6%, steel output by 3.7% and electricity generation by 1.3% in January 2025 against 10.6%, 9.2%, and 5.7%, respectively in January 2024.…

Securities and Exchange Board of India (SEBI) logo. File. | Photo Credit: Reuters SEBI has launched a centralised database portal for corporate bonds in a bid to create a single, authentic source of information on such securities.The portal — Bond Central — has been developed by Online Bond Platform Providers (OBPP) Association in collaboration with Market Infrastructure Institutions (MIIs) comprising stock exchanges and depositories. “The Bond Central aims to create a single, authentic source of information on corporate bonds issued in India and is intended as an information repository for the public at large and is accessible free of cost,” SEBI…

In the backdrop of the name-giving ceremony, Maersk announced that it would invest about $5 billion in ports and terminals as well as landside infrastructure development in India. | Photo Credit: Special Arrangement A.P. Moller – Maersk (Maersk) on Friday organised the name-giving ceremony of its newest dual-fuel methanol container vessel at APM Terminal, Jawaharlal Nehru Port Authority (JNPA) in Mumbai reiterating its commitment to India. The vessel, named Albert Maersk, is the eleventh vessel in Maersk’s fleet capable of operating on methanol, the green fuel as part of it’s commitment to go net zero by 2040. At a traditional name-giving ceremony,…

Indian users and firms rank well in “harnessing” the technology that they already have access to, the report says. File | Photo Credit: Reuters While India is the 3rd largest economy in the world, its “user” economy ranks 28th in the world, a report by the Indian Council for Research on International Economic Relations (ICRIER)’s Prosus Centre for Internet and Digital Economy (CIDE) found. “This means while India as a country has achieved high level digitalisation at the aggregate level, the level of digitalisation for the average Indian remains fairly modest,” the report said.The density of internet connectivity, which is…