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Subscribe to enjoy similar stories. The Bajaj Group and Allianz SE are finally parting ways after 24 years. Bajaj will buy Allianz's 26% stake in its insurance business: Bajaj Allianz General Insurance Co.

Subscribe to enjoy similar stories. Despite the rise of legitimate streaming platforms, piracy continues to bleed India’s entertainment industry, with film and OTT content suffering the biggest blows. While music piracy has been largely curtailed due to free, ad-supported streaming, video piracy remains rampant, costing the industry a staggering ₹224 billion annually, as per a report released by EY and the Internet and Mobile Association of India (IAMAI).

Subscribe to enjoy similar stories. For Global companies, there is no place quite like America. As growth in China and Europe has slowed, its economy has continued expanding at a decent clip.

XUV700 Ebony Limited Edition at Rs 19.64 Lakh (ex-showroom). The Mahindra XUV700 Ebony Edition has a Stealth black exterior accentuated by brushed silver skid plates. It offers black-on-black grille inserts and blacked-out ORVMs along with the R18 black alloy wheels. Inside, it has black leatherette upholstery, blacked-out trims, and silver accents along the center console and door panels. A complementary light grey roof liner underscores the dual-tone theme and dark-chrome air vents.

Hotel chains in India say they are leveraging 'cutting-edge' AI technologies to enhance customer service, streamline operations, and amplify overall guest experience. Tata Group backed Indian Hotels Company (IHCL) said it has successfully piloted a robot assistant at its Ginger hotel at Mumbai Airport, setting the stage for 'a new era of hospitality.'

Subscribe to enjoy similar stories. It seems like yesterday that we, as advocates for a sustainable economy, had the wind in our sails. At the 2021 United Nations climate change conference in Glasgow, many of the world’s largest asset managers, banks and insurers pledged to decarbonize their investment portfolios, loans and insurance policies in line with the Paris Agreement.

Subscribe to enjoy similar stories. Going to Harvard just got more affordable for most of America. The Ivy League school is significantly expanding financial aid to make undergraduate admission tuition-free for families making up to $200,000 and completely free for families making up to $100,000.

inferencing hardware, said Abhijit Dubey, global CEO of the Japanese data centre giant NTT DATA. “I think it (impact) is far more fundamental. It demonstrated that the unit cost economics are significantly lower from a training and inferencing standpoint. Number two, it demonstrated that open source is viable. And number three, that there's a lot more value in inferencing than just pure training.” However, despite the Chinese disruption, NTT has not recalibrated capex plans for data centres and the industry is undergoing a boom cycle, he said. Globally, NTT has committed to invest 8 trillion Yen ($59 billion) between FY2023 to FY2027 in data centres and AI.

Adani Green Energy (AGEL) refinanced a $1.06 billion construction facility which was due March 2025, bond analysts are recommending that investors suggest targeted bond buybacks to the Adani Group to reduce risk and manage the large volume of debt coming due. The new facility is reportedly borrowed at a weighted life of 19 years, and now carries a funding cost of 9.2%. The loan it refinanced was taken in 2021 to develop wind-solar hybrid projects.

Public sector banks must plan for appropriate and timely capital raising and strive to reduce intermediation costs to make banking products and services, particularly credit-related, affordable to the public, said M Nagaraju, secretary of the department of financial services on Monday. He was addressing bankers at the 77th annual general meeting of the Indian Banks' Association (IBA). «Each bank needs to identify its focus on building capacity and planning road maps for appropriate and timely capital raising or efficient allocation of resources, besides striving to bring down intermediation costs,» Nagaraju said. Speaking at the same event, State Bank of India chairman CS Setty said as new and unfamiliar industries emerge, banks must develop the expertise to assess these evolving business models and lending risks.

Indian lenders as early as next month. Multiple-and simultaneous-central bank measures to boost systemic liquidity will help reduce the rates on instruments such as certificates of deposit (CD) and commercial paper (CP). Lower capital costs should also bring down lending rates earlier than expected. «The central bank's stance on liquidity management seems to have shifted toward 'accommodative' from 'neutral', as reflected in the large liquidity infusion through multiple tools,» said Soumyajit Niyogi, director-core analytical group at India Ratings. «If this continues, the overall rates in the economy, including lending rates by banks, may start softening.» However, the bet is on short-term rates easing first in FY26, when lower inflation is expected to help prolong the Reserve Bank of India's (RBI) easing cycle.

Harvard University announced on Monday that they will offer free tuition to students from families earning $200,000 or less per year. The aid, the university said, will be handed out starting in the 2025-2026 academic year. The initiative significantly expands the university’s financial aid programme and aims to make higher education more accessible to a broader range of students. Harvard President Alan M Garber stated that the move would diversify student backgrounds, experiences, and perspectives. This, he said, will foster intellectual and personal growth. As per the reports, the expansion will enable 86 per cent of the families in the United States to qualify for Harvard’s financial aid programme. The announcement of assistance furthers its commitment to supporting students from diverse economic backgrounds.

Donald Trump tariffs have ignited growing fears of a slowdown in the US housing market in 2025, as economic recession fears spread across financial markets. With the US housing market already facing affordability concerns, analysts say further tariffs would further suppress market activity.

Subscribe to enjoy similar stories. New Delhi: When Bell Laboratories developed the first silicon solar cell in 1954, a technological breakthrough that converted sunlight into electricity, the invention made headlines. “It may mark the beginning of a new era," went a story in The New York Times, “leading eventually to the realization of one of mankind’s most cherished dreams—the harnessing of the almost limitless energies of the sun." That hope was born out of a humbling statistic: the amount of sunlight that strikes the earth’s surface in an hour and a half is enough to meet the world’s energy demand for a year.

Trump administration's tariffs on imported goods from Canada, Mexico and China — some already in place, others set to take effect in a few weeks — are already driving up the cost of building materials used in new residential construction and home remodeling projects. The tariffs are projected to raise the costs that go into building a single-family home in the US by USD 7,500 to USD 10,000, according to the National Association of Home Builders. Such costs are typically passed along to the homebuyer in the form of higher prices, which could hurt demand at a time when the US housing market remains in a slump and many builders are having to offer buyers costly incentives to drum up sales. We Buy Houses in San Francisco, which purchases foreclosed homes and then typically renovates and sells them, is increasing prices on its refurbished properties between 7 per cent and 12 per cent. That's even after saving USD 52,000 in costs by stockpiling 62 per cent more Canadian lumber than usual. «The uncertainty of how long these tariffs will continue has been the most challenging aspect of our planning,» said CEO Mamta Saini.

Donald Trump's tariffs on Mexico are not imposed, the threats and uncertainty caused by on and off-again levies have already cost the tequila sector money and could drive a temporary slowdown in sales, producers, investors and analysts told Reuters. The 25% tariffs, initially due to be applied from February and briefly in place on March 4 before being suspended on both occasions, threatened billions of dollars of imports from huge producers like Diageo and Becle alone. They prompted businesses and consumers to stockpile tequila, which can only be made in Mexico, freeze expansion plans and divert resources elsewhere. Some producers, restaurants and drinkers accumulated hefty tequila stock, sometimes of up to six months — a bet which will pay off if tariffs are imposed. But producers say this also has a cost, hurting the sector even if the tariffs are rolled back. «No matter what happens… a price has been paid,» said Mike Novy, chief executive officer of Calabasas Beverage Company, which operates the tequila brand founded by Kendall Jenner, 818 Tequila.

Talking to PTI, Clarkson also said that while India has a net-zero target (balancing emissions with removals) for 2070, there is a need for greater ambition. She suggested that India should align with other countries in moving its net-zero goal forward.

Tata Motors announced on Monday a price increase of up to 2% across its entire commercial vehicle range, effective from 1st April 2025. The decision comes as a response to the rising input costs, which have been affecting the automotive industry globally. The price hike will be model and variant-specific, meaning the exact increase will vary depending on the vehicle. «Tata Motors, India’s largest commercial vehicle manufacturer, today announced a price increase of up to 2%, across its commercial vehicle range, effective 1st April 2025. The price increase is to offset the rise in input costs, and will vary as per individual model and variant,» the company said in an exchange filing.

CAR T-cell therapy', the treatment involves modifying genes in one's T-cells — a type of immune cells — to help fight cancer. The study looked at patients with leukaemia, which occurs in bone marrow, and lymphoma, which affects the lymphatic system. Researchers, including those from the Indian Institute of Technology-Bombay and Tata Memorial Hospital, Mumbai, said in low and middle-income countries, patients in whom 'B-cell' tumours continue to grow following a period of remission (relapse), or do not respond to treatment (refractory), suffer from poor outcomes due to an absence of effective therapies. A type of white blood cell, B-cells are crucial to one's immune system as they produce antibodies to fight infections.

US housing market is on the brink of collapse as Elon Musk’s Department of Government Efficiency (D.O.G.E) pulls the plug on affordable housing projects nationwide, according to a new report. A report from Mitrade.com reveals that monthly housing costs in the US soared to a record $3,104 in January. «Mortgage payments alone have nearly doubled in the past five years, now averaging $2,237 per month, plus $416 for property taxes and $361 for insurance. At the same time, home prices surged by $31,300 to a median of $446,300—the second-highest in history,» the report stated.

«With GDP growth projections above 6 per cent annually, India's energy demand will continue to soar, and the country will remain heavily reliant on fossil fuels, including oil, to meet its needs,» said the report. As per the International Energy Agency (IEA) India's oil demand is projected to rise by 1.3 million barrels per day (mbpd) by 2030. The Organization of the Petroleum Exporting Countries (OPEC) estimates an even higher increase of 1.8 mbpd, bringing India's total oil consumption to 7.1 mbpd, up from 5.3 mbpd in 2023.