CATEGORIES

HUDCO, PGCIL raise 10-yr bonds at 7.12%

HOUSING AND URBAN Development Corporation (HUDCO) and Power Grid Corporation (PGCIL) have raised funds from the domestic debt capital market. Both the companies issued 10-year bonds at a coupon rate of 7.12%.

Kalyani Investment pays ₹1.12 crore to settle case with Sebi

KALYANI INVESTMENT, ONE of the promoter group entities of Bharat Forge, has settled a case with Sebi about the alleged violation of disclosure norms after paying ₹1.12 crore towards the settlement fee.

Burman family gets Sebi nod for Religare open offer

THE BURMAN FAMILY'S open offer to acquire an additional 26% stake in Religare Enterprises has received an approval from the Securities and Exchange Board of India (Sebi), according to a report.

Rupee closes at its lifetime low of 85.12

● Weak yuan, demand for dollar keep the currency under pressure

Sebi suspends trading in Bharat Global on financial irregularities

SEBI ON MONDAY suspended trading in Bharat Global Developers for alleged financial misrepresentation, misleading disclosures, price manipulation and offloading shares at inflated prices.

Non-life insurance claims ratio dips to 83%

NET INCURRED CLAIMS to net earned premium (claims ratio) of the non-life insurance industry stood at 82.52% during 2023-24, compared with 82.95% in the preceding fiscal, according to the Irdai's annual report.

Banks lobby RBI for new swaps market benchmark

A GROUP OF banks has asked the Reserve Bank of India to approve a new benchmark for overnight indexed swaps, according to people familiar with the matter.

Telcos told to offer separate voice, SMS recharge plans

THE TELECOM REGULATORY Authority of India (Trai) on Monday mandated telecom operators to offer separate recharge plans only for voice and SMS services.

OYO buys US-based G6 Hospitality in a $525-million deal

TRAVELTECH COMPANY Oyo on Monday said it has completed the acquisition of US-based G6 Hospitality from Blackstone for $525 million.

Telcos see fresh challenges from direct-to-mobile technology

TELECOM OPERATORS, REPRESENTED by the Cellular Operators Association of India (COAI), on Monday said the proposed direct-to-mobile (D2M) technology will pose new challenges.

AI integration seen gaining pace in 2025, to unlock biz value: Report

THE UPCOMING YEAR will see enterprises accelerating AI integration and other advanced technologies to unlock significant business value, according to Wipro's Tech Trends for 2025 report.

Simplilearn cuts losses by 56% to ₹107 cr in FY24

UPSKILLING PLATFORM SIMPLILEARN reduced its net losses by 56% to ₹106.7 crore in FY24 from ₹244.2 crore in FY23.

Airtel adds users in Oct, Jio loses again

AFTER LOSING MOBILE subscribers for the three consecutive months, Bharti Airtel added 1.9 million users in October.

Firms seek relief in 2025

• CEOs say move to be calibrated to align with fragile demand

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Air passenger traffic rises 12% in Nov

PASSENGERS CARRIED BY domestic airlines in India grew by 12% to 14.2 million in November against the same month last year, as per data supplied by the Directorate General of Civil Aviation (DGCA).

ReNew sells 300 MW solar asset in Rajasthan

RENEW ENERGY GLOBAL on Monday said it has sold its 300 MW solar project in Jaisalmer, Rajasthan, at an enterprise valuation of $176 million (nearly ₹1,500 crore) to Anzen Energy Yield Plus Trust.

Zoho-backed Silectric to invest ₹3,426 cr in Karnataka

SILECTRIC SEMICONDUCTOR MANUFACTURING, a venture backed by Chennai-based Zoho Corp, will invest ₹3,425.6 crore to set up a manufacturing unit in Karnataka's electronics manufacturing cluster at Kochanahalli, Mysuru. The project is expected to create 460 jobs.

Seed funding hits a 4-year low

DESPITE A MODEST recovery in startup funding this year, seed-stage investments remain in a slump, hitting their lowest since 2020.

Realty project costs, lease rents likely to rise on GST change

THE GST Council's decision to retrospectively amend the Central Goods and Services Tax (CGST) Act to restrict input tax credit (ITC) on construction services for commercial real estate such as malls, shops, etc, for leasing could push project costs and increase rents, said experts.

Former SC judge named as new NHRC chairman

Former Supreme Court judge V Ramasubramanian has been appointed the new chairperson of the National Human Rights Commission, the rights panel said on Monday.

NFRA's move on 'SQM' norms needless: ICAI

THE NATIONAL FINANCIAL Reporting Authority's (NFRA) move to notify standards on quality management (SQM) through the ministry of corporate affairs (MCA) is unnecessary, said Ranjeet Kumar Agarwal, president of the Institute of Chartered Accountants of India (ICAI).

Suspension of Swiss MFN status not to hit EFTA pact

THE SWISS DECISION to suspend the most favoured nation clause in the Double Taxation Avoidance Agreement will not delay the ratification and implementation of the already signed trade agreement between India and the EFTA bloc, Switzerland has said.

West Asian share of crude imports at 9-month high

● Russia continues to be the top oil supplier to India

Discoms to miss target to cut AT&C losses again

LOSSES INCREASE IN MAHARASHTRA, TELANGANA, JHARKHAND IN 5 YRS

Mineral-rich Chhattisgarh now an investment destination too

A year after assuming office, Chhattisgarh chief minister Vishnu Deo Sai has unveiled a new industrial policy aimed at attracting investments in various sectors such as semiconductors, information technology, electronics, food processing, renewable energy, tourism, and education.

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1% rise in m-cap of firms boosts GDP growth by 0.6%: SBI report

A 1% RISE in market capitalisation leads to a 0.6% rise in gross domestic product (GDP) growth rate, according to a report by SBI Economic Research Department.

GST panel against tax relief for EV charging stations

THE FITMENT COMMITTEE of the GST Council has recommended maintaining \"status quo\" in the current taxation structure for electric vehicle (EV) charging services, even as the industry is batting for complete exemption or a reduction in the tax rate from 18% to 5%, according to official sources.

Bangladesh owes Tripura ₹200 crore in power dues

BANGLADESH OWES TRIPURA ₹200 crore in electricity dues but no decision has been taken on halting power supply to the neighbouring country yet, chief minister Manik Saha said on Monday.

Centre may peg FY26 fiscal deficit at below 4.5% of GDP

THE CENTRAL GOVERNMENT is committed to pursuing the glide path of fiscal consolidation, as announced in the Budget for FY22, and to attain a level of fiscal deficit \"lower than 4.5%\" of the GDP by FY26, the finance ministry said.