New Delhi: Fuel prices are not just a consumer issue for oil companies. For fuel retailers, changes in crude oil and refined-product prices can quickly affect the margins they earn at the pump. When that gap becomes too wide, companies have to decide whether to absorb the cost or pass some of it on to customers. Nayara Energy has now opted for the latter. The private fuel retailer has increased petrol prices by ₹5 per litre and diesel prices by ₹3 per litre with immediate effect, according to Moneycontrol. The increase comes as private fuel retailers face pressure from higher…
Author: Riddhi Jain
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NEW DELHI: As AI becomes a daily part of work, companies must consider what happens to the information that goes into these systems. It is no longer only a question of how good an AI model is. Security, access and internal controls are becoming as critical. Now, OpenAI has found itself in a similar situation within its own company. The company has terminated the employment of three researchers in connection with an investigation into “the mishandling of sensitive information.” According to an OpenAI spokesperson, the three employees accessed sensitive information outside of OpenAI’s protocols. The company has not named them.…
New Delhi: Sportswear is no longer a market where a famous logo is enough to keep customers coming back. Running has become a major growth area, smaller brands have built strong communities and shoppers have more choices than ever. Nike, despite its size and global recognition, has felt that change. The world’s biggest sportswear company is still a powerful brand. But its recent performance shows that some of the momentum it enjoyed for years has faded. Nike’s latest quarterly revenue fell 4% to $11.2 billion, while the company expects revenue to decline by a high-single-digit percentage in fiscal 2027. So,…
NEW DELHI: India’s UPI system is about to enter a different phase. From October 15, selected merchant payments above ₹2,000 will carry a Merchant Discount Rate (MDR), creating a revenue stream for participants in the payment ecosystem after years of operating without a merchant-side charge. Now, payment aggregators are looking to secure a larger portion of that money. According to a Financial Express report, payment aggregators are negotiating with their sponsor banks for a bigger share of the acquiring bank’s portion of the MDR. The discussions are reportedly centred on aggregators retaining around 50% to 80% of the bank’s share.…
NEW DELHI: The Reserve Bank of India’s appointment of Sudhakar Malli as Executive Director comes at a time when supervision of banks and other regulated financial institutions remains an important part of maintaining stability across India’s financial system. Effective October 1, 2026, Malli will oversee the Department of Supervision (Supervisory Assessment), according to the RBI. The appointment moves Malli into the RBI’s senior leadership after he served as Chief General Manager-in-Charge of the Department of Supervision. His new responsibility covers the supervisory assessment function, which forms part of the RBI’s wider oversight of regulated financial entities. For the banking industry,…
New Delhi [India], October 2: Managed vector databases have become considerably easier to try without paying for infrastructure upfront. What began as short trials and limited development sandboxes has evolved into a market where several established providers now offer persistent free cloud tiers suitable for prototypes, semantic search projects, RAG systems and small AI applications. The limits differ substantially. Some providers emphasize storage capacity, others provide generous read and write allowances, while a growing number are adding inference and higher-level AI services around the database itself. Here are five notable managed cloud vector database options with ongoing free access as…
New Delhi: The paneer in your curry may look just like the paneer you eat, taste just the same and even be the same soft. But not every product being sold or used as a substitute paneer is prepared in the same way. That distinction is now back in focus after FSSAI chief Rajit Punhani said he had asked the food regulator to consider a nationwide ban on analogue paneer. Punhani told NDTV that FSSAI is expected to hold a meeting with all states next Thursday on the matter. In the event all states give a go-slide, the regulator could…
Mumbai: Shares of State Bank of India (SBI) gained nearly 1% in early trade on Thursday as the much-awaited National Stock Exchange (NSE) IPO opened for public subscription. The stock rose as much as 0.95% to ₹1,000.90 on the NSE. The movement in SBI shares came as investors tracked the bank’s business outlook as well as its role as the largest selling shareholder in the NSE IPO. SBI is offering around 1.59 crore NSE shares through the offer for sale (OFS), which could fetch the bank around ₹2,851 crore at the upper end of the ₹1,785 price band. Jefferies sees…
New Delhi: The National Stock Exchange of India (NSE) has opened its much-awaited initial public offering (IPO) for public subscription on Thursday, September 17. The IPO will remain open until September 21, giving investors five days to place their bids. The NSE IPO has a price band of ₹1,700 to ₹1,785 per equity share and an issue size of about ₹22,561.57 crore. The offering is entirely an offer for sale (OFS), meaning the shares being sold are held by existing shareholders and NSE itself will not receive the proceeds from the public issue. NSE IPO: Key details for investors The…
New Delhi [India], September 16: International travel has become increasingly accessible to Indian travelers seeking destinations that combine scenic attractions, vibrant culture, entertainment, and comfortable hospitality. Pattaya, Thailand, stands out as a popular coastal destination offering beaches, dining, shopping, nightlife, and leisure experiences within a dynamic international setting. For Indians planning an overseas holiday, accommodation can play a key role in making the trip smooth and enjoyable. Travelers considering Grand Bella Hotel Pattaya can evaluate room comfort, location, facilities, dining options, and accessibility as they plan their international itinerary. Choosing suitable accommodation can help travelers balance sightseeing, relaxation, and exploration…
