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Maldives to India: Pull out troops by March 15
MALDIVIAN PRESIDENT MOHAMED Muizzu has asked India to withdraw its military personnel from his country by March 15, a senior official in Male said on Sunday, nearly two months after Maldives sought their removal.
Deora quits Congress joins Shinde's Shiv Sena
IN A SEEMING setback to the Congress in Mumbai ahead of the Lok Sabha elections, former MP Milind Deora quit the party on Sunday and joined the Shiv Sena led by Maharashtra chief minister Eknath Shinde.
Sub-4% core inflation betrays weak demand conditions, say economists
THE RESERVE BANK OF India's (RBI) monetary policy action may be credited for reducing core Consumer Price Index (CPI) inflation in the recent months, but a sub-4% core print also denotes weak demand conditions at an aggregate level, say economists.
FY25 farm credit target may be fixed at ₹22 trn
THE GOVERNMENT IS likely to set a target of ₹22 trillion for agriculture credit for the next financial year, up 10% from the current year's goal which may be overshot, sources said.
Bids called for BOT highway projects worth ₹31,000 cr
THE BUILD OPERATE Transfer (BOT) model for highway construction is back, with the National Highways Authority of India (NHAI) calling bids for projects entailing combined investments of ₹31,000 crore via this route.
India lounges dominate promenade at Davos
Indian lounges have dominated the main Promenade street of Davos as the snowcapped resort town readies for the five-day World Economic Forum Annual Meeting beginning Monday.
Losses hound beauty startups
PROFITS CONTINUE TO elude startups in India's fast-growing beauty and personal care (BPC) space.
PMAY-G 2.0 may see 85% hike
THE GOVERNMENT MAY unveil a new version of the flagship Pradhan Mantri Awaas Yojana- Gramin (PMAY-G) for the next five years, with financial assistance 85% higher than under the current scheme for each beneficiary, to build pucca houses in rural areas.
New IT regime set for tweaks
Higher threshold o 20 lakh possible for 30% slab: Experts
Parallel testing for electronics items
Samsung, Apple to benefit as govt eases testing norms
NASA prepares for mishaps in its moonshot strategy
WHEN THE FIRST US-made moon lander launched in more than 50 years experienced a critical failure shortly after reaching space on Monday, the news was initially a shock. But NASA was prepared.
CHRIS BUCKLEY, AMY CHANG CHIEN, JOHN LIU DAMIEN CAVETaipei, January 13
INDIA KEPT FORMER champions Australia at bay till the 50th minute before eventually losing their AFC Asian Cup football tournament opening group match 0-2 in a gritty performance on Saturday.
Hospitality players peg loss to Maldives at $25-50 mn
AMID THE UPROAR over Indians boycotting Maldives as a tourist destination, which has sparked off a chain of cancellations by individuals and agencies alike, the tourism sector is anticipating distress in the coming months.
Real estate records 30% decline in foreign investment
THE SHARE OF foreign institutional investors in the real estate sector shrunk by 30% to $2.733 billion in 2023 as against $3.926 billion in the previous year on account of the macroeconomic slowdown, says a report.
ED sends fourth summons to Kejriwal
THE ENFORCEMENT DIRECTORATE (ED) on Saturday summoned Delhi Chief Minister Arvind Kejriwal yet again for questioning in the excise policy case.
Avenue Supermarts Q3 profit rises 17%
Margins down amid rise in total expenses
Kharge named INDIA bloc chief; Nitish declines convenor post
IN A MEETING not attended by Trinamool Congress's Mamata Banerjee, SP's Akhilesh Yadav and Shiv Sena (UBT)'s Uddhav Thackeray, leaders of major INDIA bloc parties Saturday agreed to appoint Congress president Mallikarjun Kharge as chairperson of the alliance and Bihar chief minister Nitish Kumar as the convenor pending consultations with the three senior leaders who stayed away citing preoccupation.
Got info from India on social security pact, work on: USTR
THE US TRADE Representative Katherine Tai on Saturday said India has just furnished the required information for the proposed social security agreement, a move that will help ease the tax burden of Indian professionals in the US, especially those with temporary work visas.
No plan to lift export curbs on rice, wheat, sugar: Govt
Possibility of import of wheat ruled out
Turning brick & mortar retail green
SUSTAINABILITY IN BUSINESS practices is now seeping down into the retail experience as well. Brands such as Apple, Pizza Hut and Puma are making efforts to go green in their stores too by reducing energy costs, providing energy-efficient lighting, internet of things (IOT) solutions and improving air quality in store design.
Retail investors' net inflows in NSE cash market fall 77%
RETAIL INVESTORS EXPERIENCED a significant downturn in net inflows to the NSE cash market segment, marking a 77% decline to 8,700 crore in April-November 2023, compared to the same period a year ago.
First flight from Navi Mumbai airport in 2025
NAVI MUMBAI INTERNATIONAL Airport (NMIAPL), which is being built by the Adani group, will commercial start operations by March 31, 2025, even though trial flights are expected by October this year.
Govt in action mode on Red Sea crisis
Inter-ministerial meet to discuss way forward on Jan 17
Australian Open: Sania Mirza says not enough credit given to returning mothers
FOR THE FIRST time in the last few years, an established top 4, with momentum on their side with nothing to prove, will kick off a women's singles Grand Slam at the Australian Open on Sunday but the likelihood of a major upset in some feisty early rounds looms large.
Citi to cut 20,000 jobs over 2 years, posts $1.8-bn loss
CITIGROUPWILL CUT 20,000 jobs over the next two years, the bank said on Friday after reporting a $1.8 billion loss for the fourth quarter.
BlackRock to acquire GIP for $12.5 bn in alternatives push
BLACKROCKAGREED Adebayo Ogunlesi's Global Infrastructure Partners for about $12.5 billion, vaulting the world's biggest money manager into the top ranks of investors that make long-term bets on energy, transportation and digital infrastructure.
RBI slaps ₹2.38-cr fines on 4 entities
THE RESERVE BANK on Friday said it has imposed penalties totalling 2.38 crore on four entities, including Dhanlaxmi Bank and Punjab and Sind Bank, for contravention of regulatory norms.
Banks place aggressive bids at VRR auction
THE RESERVE BANK of India (RBI) on Friday received bids worth 3.92 trillion from banks, against the notified amount of 1.75 trillion, at the variable rate repo (VRR) auction. Unlike the previous seven-day auctions, the RBI extended the tenure of Friday's auction to 13 days.
Sebi tweaks rule for AIF investor onboarding
SEBI ON FRIDAY tweaked the framework for onboarding investors by alternative investment funds (AIFs). This came in view of amendments to the Prevention of Money Laundering (Maintenance of Records) Rules, 2005.
US SEC nod for Bitcoin ETFs may bring in $80-bn inflows
Bitcoin’s value surges to $46,500 after US SEC nod, froma low of $16,000 in Nov