Top Headlines: Ayci Declines AI CEO Role; Indian Student Dies In Ukraine

Turkey's Ilker Ayci declines CEO role in setback for Tata Group

Former Turkish Airlines chairman Ilker Ayci on Tuesday said he has declined the Tata Group's offer to be the chief executive officer and managing director of as "some sections of the Indian media" have attempted to "colour" his appointment in an undesirable manner.

Ayci is considered to be close to Turkish President Recep Tayyip Erdogan, an ally of Pakistan. Read more

Ukraine crisis: Karnataka student killed during shelling in Kharkiv

In first Indian casualty in the war in Ukraine, a student from Karnataka was killed in shelling in Kharkiv city on Tuesday morning.

External Affairs Ministry confirmed the death of the Indian in a tweet.

"With profound sorrow we confirm that an Indian student lost his life in shelling in Kharkiv this morning," it said. Read more

GST collection up 18% YoY at over Rs 1.33 trn in Feb: FinMin

in February grew 18 per cent to over Rs 1.33 trillion in February even as the Omicron wave dented the month-on-month collection momentum.

This is for the fifth time in the current fiscal that the Goods and Services Tax (GST) collection has crossed Rs 1.3 trillion-mark. Also, this is the first time, cess collection has crossed the Rs 10,000 crore-mark, signifying recovery in certain key sectors, especially automobile sales, the Finance Ministry said on Tuesday. Read more

Maruti Suzuki sales decline marginally in February to 164,056 units

The country's largest car maker (MSI) on Tuesday reported a marginal drop in total wholesales at 164,056 units in February.

The company had sold 164,469 units in February 2021, MSI said in a regulatory filing. Read more

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

RECENT NEWS

BoE Loosens Capital Rules

The Bank of England has taken a significant step towards easing post-crisis regulation by lowering its estimate of the c... Read more

Monzo Looks For US Banking License

Monzo is preparing a renewed push to secure a US banking licence, four years after abandoning its first attempt when tal... Read more

Crypto Firms Push Into US Banking

America’s cryptocurrency companies are scrambling to secure a foothold in the country’s traditional banking system, ... Read more

Parallel Banking: Stablecoins Are Now Global

Parallel Banking: How Stablecoins Are Building a New Global Payments SystemStablecoins—digital currencies pegged to tr... Read more

JPMorgan Deploys AI Chatbot To Revolutionize Research And Productivity

JPMorgan has deployed an AI-based research analyst chatbot to enhance productivity among its workforce, with approximate... Read more

Private Equity And Banks: The Complex Web Of Leverage

Private equity has emerged as a significant force in the global financial landscape, driving substantial growth and inve... Read more