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Economy / The Economic Times

India has set a target of achieving net zero by 2070: Civil Aviation Secretary Rajiv Bansal

According to the statement of Rajiv Bansal, the transition towards a lower carbon and Sustainable Aviation Fuels (SAF) will be fundamental to achieving NetZero2050. The cycle for SAF production has to be supported by ICAO through its implementation and support policy. Based upon these realities and infrastructure constraints, India has set a target of achieving net zero by year 2070, Bansal said.

31 May 2023 11:07 pm
Cabinet okays Rs 1 lakh cr to create grain storage capacity in cooperative sector

The schemes identified under the Ministry of Food Processing Industries are the Pradhan Mantri Formalization of Micro Food Processing Enterprises Scheme (PMFME) and Pradhan Mantri Kisan Sampada Yojana (PMKSY). In the Ministry of Consumer Affairs, Food and Public Distribution, the programmes for the allocation of food grains under the National Food Security Act and procurement operations at Minimum Support Price (MSP) have been identified.

31 May 2023 10:01 pm
Abrdn exits HDFC Life, sells entire stake for Rs 2,069 cr

Abrdn, a promoter of HDFC Life Insurance, on Wednesday divested its entire 1.66 per cent stake in the firm for Rs 2,069 crore through open market transactions. Abrdn offloaded 3.56 crore shares of HDFC Life in 15 tranches through its affiliate abrdn (Mauritius Holdings) 2006 Ltd. SBI Mutual Fund (MF), Nippon India MF, BNP Paribas Arbitrage, BofA Securities Europe SA, Societe Generale, Morgan Stanley Asia Singapore Pte, Norges Bank and among others were the buyers of the shares of HDFC Life Insur

31 May 2023 9:53 pm
It's a girl! Akash Ambani, Shloka Mehta welcome their second child

This is for the second time that the couple embraced parenthood. The couple already have a son named Prithvi Akash Ambani. Shloka announced her pregnancy during the star-studded launch of the Nita Mukesh Ambani Cultural Centre (NMACC) in April.

31 May 2023 9:04 pm
Ford CEO says EV cost parity may not come until after 2030

Ford Chief Executive Jim Farley on Wednesday said that electric vehicles may not reach cost parity with internal combustion engine vehicles until after 2030. Speaking at an investor conference, Farly said EVs will continue to be more expensive than their ICE counterparts until the second and third generation vehicles go into production after 2025.

31 May 2023 8:37 pm
IPL final watched by 12 crore viewers on JioCinema: Viacom18

The company added that JioCinema set a new world record as the final match had a peak concurrency of 3.21 crore viewers. JioCinema registered over 1700 crore video views through the 16th edition. Viacom18 said JioCinema registered over 2.5 crore downloads, which is a record for the most installed app in a single day. The platform registered an average time spent of more than 60 minutes per viewer per match.

31 May 2023 7:47 pm
Fubar Season 2 on Netflix: What we know so far

Is FUBAR season 2 coming on Netflix? Fans of Arnold Schwarzenegger-starrer Netflix original series are eagerly waiting for a second season.

31 May 2023 6:59 pm
Indias 2030 goods exports seen $773 billion, imports from China $212 billion: Standard Chartered

It estimates imports from China at $212 billion in 2030, growing 8% CAGR and exports $49 billion. Exports of goods to the US, Mainland China and the UAE will be the highest by volume, according to the report.The value of exports of goods from India was $401 billion in 2021. It estimates the share of metals and minerals in Indias exports in 2030 at 31% and of textile and apparel at 15%.

31 May 2023 6:58 pm
Hidden Strike Trailer: Jackie Chan and John Cena team up as ex-special forces soldiers, check details

Jackie Chan and John Cena have teamed up again and this time the duo will feature in an action-comedy Hidden Strike. The trailer of the movie has been released and here is all you may want to know.

31 May 2023 6:53 pm
Why is India caught up in a currency paradox? The RBI explains

The phenomenon of bank notes in circulation going up even as digital payments soar is not new or unique to India and has been observed since 2007 for several nations.

31 May 2023 6:50 pm
Government appoints Ashwani Kumar as MD of UCO Bank

The central government appoints Ashwani Kumar as managing director and chief executive officer in UCO Bank for a period of three years, the Finance Ministry said in a notification. The appointment comes into effect from the date of assumption of office on or after June 1, 2023 or until further orders, it said. Kumar, a chartered accountant, rose through ranks serving various offices of five public sector banks -- Bank of Baroda, Corporation Bank, Oriental Bank of Commerce, Punjab National Bank a

31 May 2023 6:13 pm
India's GDP grows 6.1% in Q4, FY23 growth pegged at 7.2%

Experts had anticipated India GDP to grow at 5 per cent in the January-March quarter on a year-on-year basis, accelerating from 4.4% in the previous quarter due to steady urban demand and government spending. The Reserve Bank of India, owing to a strong momentum seen in the last two quarters of the previous fiscal, growth for FY23 was expected to exceed 7 per cent.

31 May 2023 5:33 pm
Go easy on burgers, pizzas & chips! Having junk food can cause poor quality of sleep

An unhealthier diet can cause poorer quality of deep sleep, according to a study carried out by Uppsala University in Sweden. The research analysed how junk food affects sleep, using 15 healthy normal-weight young men in a randomised study.

31 May 2023 5:26 pm
Embassy Group clocks in one of its best residential revenue growth in FY23

Reeza Sebastian Karimpanal, Executive President Residential Business, Embassy Group, said, With a strong focus on project completion, Embassy Group achieved healthy sales bookings through FY23, supported by sustained homebuyer interest for high-quality products. Our efforts were aimed at the sale of our existing projects to pave the way for upcoming ones in FY24.

31 May 2023 4:04 pm
Jordan's royal wedding! Crown Prince Al Hussein bin Abdullah II to tie the knot with Saudi architect

Jordan's Crown Prince Al Hussein bin Abdullah II and Rajwa Alseif, a Saudi architect, are set to marry in a palace wedding on Thursday in Jordan. They were formally engaged in August 2022 at a traditional Muslim ceremony in Riyadh that was attended by senior members of Jordan's royal family.

31 May 2023 4:00 pm
Going Nuts Over Nuts! Shed Extra Flab With Almonds, Lotus Seeds & Walnuts

Trust nuts and seeds to keep your weight in check.

31 May 2023 3:40 pm
Germany's NexWafe raises Rs 265 crore from RIL, Aramco Ventures and Athos Venture among others

Davor Sutija, CEO, NexWafe, said: This investment marks the start of NexWafes plan to raise substantially larger funds in the second half of 2023. The funds will be used to break ground on NexWafes first commercial facility to speed the renewable energy transition with more efficient, lower cost, green solar wafers for the worlds photovoltaic manufacturers.

31 May 2023 1:13 pm
Centre to accept applications for semiconductor fabs from new, existing applicants; Vedanta may reapply

India will start accepting and considering new applications for semiconductor fabrication plants from new and existing applicants. There are expectations that some current applicants will reapply and new investors will apply, Rajeev Chandrashekhar tweeted.

31 May 2023 1:00 pm
Temple run: Ahead of 'Zara Hatke Zara Bachke' release, Sara Ali Khan offers prayers at Mahakaleshwar shrine in Ujjain

Bollywood actress Sara Ali Khan visited Mahakaleshwar Temple in Ujjain, Madhya Pradesh, to participate in the famous 'Bhasma Aarti' ritual. She wore a magenta-pink saree, following the temple's dress code for the ritual, and performed 'Jalabhishek'.

31 May 2023 9:48 am
10 months after 'Laal Singh Chaddha' tanked at box-office, Aamir Khan not 'emotionally ready' for new film

Aamir Khan, Bollywood's superstar, has stated that he is not emotionally ready to work in his next film yet. Following the weak response to his latest film, 'Laal Singh Chaddha,' the actor decided to take a break from acting to prioritise his family.

31 May 2023 8:47 am
Korean actor-singer Lee Seung-gi deletes Instagram posts, profile picture. Here's why

Korean actor-singer Lee Seung-gi has deleted all of his Instagram posts and profile picture, causing concern among his 4.4 million followers. However, his management agency, Human Made, issued a statement to reveal why the move was made.

31 May 2023 7:49 am
Renewable energy boom stares at talent blackout

The scale of the opportunity is something that is very exciting ... but there is a lack of talent and it is one of the challenges, said Sumant Sinha, chairman and chief executive of ReNew. In the next seven years, India will have to add 60 GW of renewable energy capacity every year to meet its aspirations across power and green hydrogen, and trained manpower is needed for this, he added.

31 May 2023 1:03 am
Pilot project for electronics repair starts tomorrow

The project, led by the ministry of electronics and information technology (MeitY), will look to promote India as a hub for repair of electronic goods, taking into account the cost advantage the country has due to the availability of cheap labour. This follows recommendations submitted by the Manufacturers Association of Information Technology (MAIT) regarding electronics repair services outsourcing (ERSO) to MeitY.

31 May 2023 12:26 am
Lupin Partners Enzene to roll out biosimilar Cetuximab here

In July 2009, the US Food and Drug Administration (USFDA) approved Eli Lilly and Merck's cetuximab (Erbitux) for treatment of metastatic colorectal cancer and head and neck cancer. Head and neck cancer presents a significant public health challenge in India, with a staggering annual incidence of over 100,000 new cases.

31 May 2023 12:02 am
Regulator DGCA simplifies process for heliport license approval

The Directorate General of Civil Aviation (DGCA) in India has streamlined the process for granting heliport licenses by allowing for a single tab on the relevant portal. Applicants can now have their requests for NOC/Clearance routed through the single tab for five external organizations. The aim is to simplify the process of obtaining a heliport license, which previously required separate applications to five organizations, including the Ministry of Defence and the Ministry of Environment and F

30 May 2023 11:57 pm
Crypto transfers to private wallets to now face identification checks

Crypto exchanges in India are planning to introduce a rule that will only allow a transfer of cryptocurrencies after the sender discloses the identity of the persons behind the private wallet receiving the cryptos. While there is a standard procedure to get to know the identity of buyers and sellers as part of the know-your-customer process, there is no way to know the identity of a private wallet owner. Transfers to private or unknown wallets have been a problem in the crypto ecosystem, leading

30 May 2023 11:46 pm
India to push for creation of Artificial Intelligence-based portal at G20

An international body such as the UNCTAD could house it, a senior government official said. The discussions are at initial stages but the attempt is to push for tangible outcomes that can provide some solution, the official added. It will attempt to push some of these issues at the upcoming meeting of the Trade and Investment Working Group, to be held in June Kewadiya in Gujarat.

30 May 2023 9:42 pm
Ola Prime Plus: No more cancelled cabs but do you need to pay more?

Ola Prime Plus: Best drivers, top cars, no cancellations or operational hassles. Will go live for select customers in Bangalore today.

30 May 2023 6:11 pm
Jeff Bezos & Lauren Snchez Make It Official! The Love Story Of The Power Couple

Jeff Bezos & Lauren Snchez threw an engagement bash at a restaurant in Cannes.

30 May 2023 6:10 pm
Spotify account delete process: Step-by-step guide

Spotify users wanting to delete the account of the music streaming platform, can use a few steps.

30 May 2023 6:03 pm
Sharp jump in foreign exchange income boosts RBI dividend for FY2023

While income for the year increased by 47.06 per cent to its highest ever at Rs 2.65 lakh crore , the expenditure increased by 14.05 per cent. The year ended with an overall surplus of Rs 87,416.22 crore that was transferred to the government in the form of dividend as against Rs 30,307.45 crore in the previous year, RBI's latest annual report released on Monday said. RBIs surplus transfer was more than the budgeted amount of Rs 48,000 crore for banking sector

30 May 2023 5:55 pm
Better Call Saul: 5 top-rated episodes of the hit TV series, ranked By IMDb Rating

The legal drama Better Call Saul is still viewed and has new fans. Here are five of the best episodes, as per IMDb.

30 May 2023 5:41 pm
ADB operations to focus on job creation, promoting climate-resilient growth during 2023-27

The Asian Development Bank (ADB) has launched a new Country Partnership Strategy (CPS) for India, with the focus of deepening its engagement with the country and supporting robust, climate-resilient and inclusive growth. ADB will contribute to flagship programmes on developing industrial corridors, multimodal logistic systems, urban infrastructure, skill ecosystem and small businesses. Furthermore, ADB will support India's climate agenda by intervening in energy transition, transport decarbonisa

30 May 2023 5:30 pm
On Dushmans 25th anniversary, Tanuja Chandra gushes about Kajols honesty & Ashutosh Ranas conviction

'Dushman' hit the theatres in 1998 and featured Kajol in a double role. It also starred Sanjay Dutt, as a blind soldier.

30 May 2023 5:21 pm
Did the pandemic derail development in infants? The answer is not so black & white

Researchers earlier pointed out that the long Covid stress, infections, and social distancing could have affected child development.

30 May 2023 5:19 pm
From ticket collector to trophy collector: What is MS Dhoni's one-line mantra for success?

MS Dhoni, in a cricketing career spanning two decades, has been India's most successful skipper and even after retiring from international cricket in 2020 has had a glorious Indian summer still playing the IPL.

30 May 2023 5:11 pm
WWDC 2023: Apple to introduce 15-inch MacBook Air on June 5, check specs & price

If reports turn out to be true, then Apple's 13-inch MacBook Air 2022 will get a big sibling in the new 15-inch MacBook Air.

30 May 2023 5:09 pm
CBDT notifies e appeals scheme 2023

The Central Board of Direct Taxes (CBDT) in India has launched an e-appeal scheme designed to reduce the pendency of appeals relating to tax deducted at source (TDS) default issues and tax collection at source (TCS). The scheme allows the Joint Commissioner (Appeals) to dispose of appeals filed before it, with the power to send show cause notices and initiate penalties.

30 May 2023 4:27 pm
Will India's GDP data tomorrow spring a pleasant surprise?

RBI has estimated Q4FY23 Real GDP growth to be 5.1 per cent and full year FY23 estimates by National Statistical Office (NSO) is 7 per cent. For 2023-24, RBI is projecting GDP growth at 6.5 per cent with the first quarter (Q1) pegged at 7.6 per cent. The Indian economy is on track to surpass 7 per cent growth rate in Fiscal Year 2023 with manufacturing being the key driver, experts have said

30 May 2023 2:26 pm