India is likely to receive above-average monsoon rains in 2024, the government said on April 15, a big boost for the country that depends heavily on the summer rains for its farm production.The monsoon, which usually arrives over the southern tip of Kerala state around June 1 and retreats in mid-September, is expected to total 106% of the long-term average this year, said M Ravichandran, secretary...

The country's largest IT services exporter TCS will train its entire staff of over 5 lakh software engineers on the upcoming Generative Artificial Intelligence (AI) opportunity, as per a senior official.As a business opportunity, Gen AI is in its "early days" right now and the use cases are smaller right now, head of the company's recently created 'AI.Cloud' unit Siva Ganesan told PTI.The company,...

As expected, the Reserve Bank of India's (RBI) dividend to the central government for 2022-23 is much larger than what the Union Budget for 2023-24 had penciled in.On May 19, the RBI's central board of directors approved the transfer of Rs 87,416 crore as a dividend, nearly Rs 40,000 crore more than the Rs 48,000 crore the government had expected to get. The dividend is nearly three times the Rs 3...

Over the next six years Indian Air Force (IAF) will get 70 HTT-40 Basic Trainer Aircraft from state-owned Hindustan Aeronautics Limited (HAL). The Union Cabinet on Wednesday (March 1, 2023) gave its approval for 70 Basic Trainers at a cost of Rs 6,800 crore. This basic trainer for IAF has around 56 percent indigenous content which is expected to progressively increase to around 60 percent through...

Russia’s invasion of Ukraine has completed the one-year mark. The Russian forces invaded Ukraine after Russian President Vladimir Putin authorized a ‘special military operation’ against the country on February 24, 2022. When one of the major world powers launches an offensive on a recognised country, the effect on the financial markets is obvious. However, over the last 12 months, the impact...