Centre has barred industrial, commercial and institutional users from purchasing petrol and diesel from retail fuel outlets, rather switch to bulk sellers.On Wednesday, the Ministry of Petroleum and Natural Gas issued the Motor Spirit and High Speed Diesel (Temporary Regulation of Supply through Retail Outlets) Order, 2026, directing oil marketing companies and fuel retailers to…
MUMBAI: Pine Labs has launched India’s first agent-to-agent payment capability, enabling autonomous transactions through artificial intelligence by extending UPI’s standing mandate framework to machines.The company on Thursday introduced the Pine Labs Payment Protocol (P3P), allowing users to authorise a onetime mandate that can be delegated to an AI agent, which can then independently decide when…
CHENNAI: Home services startup Pronto’s admission recently that it was piloting in-home video recordings to train physical AI systems shines light on a fast-growing and loosely regulated industry of AI data capture and labelling for the global robotics supply chain.Pronto is not alone. Startups such as Human Archive, Humyn Labs, Egolab AI and Neocambrian are…
Strong domestic travel has again saved the day for Indian hospitality, although the West Asia war has impacted inbound traffic to the country, like many others globally.“Over 40% of people flying to India (and other parts of Asia from the west) do so via the Middle East (West Asia). That has slowed down inbound. The…
NEW DELHI: The Centre has exempted petrol blended with higher levels of ethanol from excise duty as it seeks to make fuel beyond E20 more attractive for consumers and push voluntary use.The Central Board of Indirect Taxes and Customs (CBIC) issued notifications on Wednesday, exempting ethanol blended petrol (EBP) grades E22, E25, E27 and E30,…
NEW DELHI: A fresh round of price hikes by FMCG companies is set to make everyday essentials costlier for consumers soon. The latest increases across categories, from soaps and detergents to toothpaste and edible oils, in the range of 4-11%, come weeks after the fuel price revision in mid-May, industry experts told TOI.Leading consumer goods…
Union Minister of Commerce & Industry Piyush Goyal and EY (Ernst & Young) Global Chair and CEO Janet Truncale during a meeting to exchange views on India’s consistently growing role in global supply chains. BENGALURU: Janet Truncale, global chair and CEO of EY, said the professional services firm’s India operations are increasingly becoming central to…
MUMBAI: Credit growth surged to a high even as deposits shrank in the first two months of FY27, widening the funding gap and pushing banks deeper into a liquidity squeeze, with the wedge between loans and deposits reaching about Rs 3.8 lakh crore by May 31.Credit growth stood at 17.7% for the fortnight ending May…
India’s agriculture sector has undergone a significant transformation over the past 12 years, driven by higher public investment, record foodgrain production, expanded irrigation, improved access to credit and a stronger safety net for farmers, according to a government paper released this month.The report, titled Empowering India’s Annadatas, outlines how agricultural policy has evolved from a…
US stock markets traded higher on Thursday, with technology and artificial intelligence (AI)-linked stocks rebounding after a volatile week, while investors continued to monitor rising geopolitical tensions in the Middle East, inflation concerns and global interest rate expectations.The benchmark S&P 500 rose 0.5% in morning trade, recovering some of the losses recorded over the previous…
There is new money, old money, and then the kind of money that could make someone the world’s first trillionaire!With SpaceX set to make its long-awaited Wall Street debut on Friday in what is expected to be the biggest IPO in history, that possibility may no longer seem far-fetched. If the listing goes as planned,…
The World Bank has lowered its global growth forecast for 2026 to 2.5%, citing the economic fallout from the ongoing conflict in the Middle East, rising energy prices and heightened uncertainty across markets.In its latest Global Economic Prospects report, the lender warned that global growth could slow further to 1.3% if energy supply disruptions become…
