CATEGORIES

Hollywood Hills burn as big blaze engulfs LA

THE HOLLYWOOD HILLS blazed uncontrollably on Thursday morning as the worst wildfires in the history of Los Angeles raged across the city and deep into the storied heartland of the American film industry.

China consumer prices weaken further, add to deflation worries

CHINA'S CONSUMER INFLATION weakened further towards zero, decelerating for a fourth straight month, in a setback for government efforts to stamp out deflation and revive demand with economic stimulus.

Biden to further limit Nvidia AI chip exports in final push

PRESIDENT JOE BIDEN'S administration plans one additional round of restrictions on the export of artificial intelligence chips from the likes of Nvidia just days before leaving office, a final push in his effort to keep advanced technologies out of the hands of China and Russia.

Cricket fatigue crimps WPL ad spending

THE BOARD OF Control for Cricket in India (BCCI), the country's apex cricketing body, is putting the final touches to the third edition of the Women's Premier League (WPL).

Make groundwater sustainable

SINKING RESOURCE BY SCALING UP EFFORTS, STATES CAN SAFEGUARD RESOURCES, ENHANCE AGRI-PRODUCTIVITY

Time to turn to currency options

SINCE JULY LAST year, the Reserve Bank of India's (RBI) efforts to squeeze out volatility from the USDINR market resulted in the formation of a crumbling cliff, and, when push came to shove - as it did with Trump's victory in the US presidential election - the rupee keeled over falling sharply to yet another all-time low.

Start-up travails

Scaling up has seen many hurdles; sharp decline in seed-stage funding complicates things further

Indices Tumble Nearly 1%

Sensex and Nifty tumbled nearly 1% on Thursday due to heavy selling in market heavyweights HDFC Bank, TCS and Reliance as investors turned nervous over earnings growth concerns amid unabated foreign capital outflows.

Credit market may see more volatility: Ind-Ra

Tough Days Ahead

Rupee NDF volume surges on arbitrage

The trading volume in dollar-rupee non-deliverable forwards (NDF) at India's offshore finance hub soared to a record high in December as banks and companies lapped up arbitrage opportunities amid a worsening outlook for the rupee.

Mutual funds end 2024 with record ₹3.9-lakh-cr inflows

Quarter-end tax outflows hit debt funds; SIPs touch record ₹26,459 cr

High court clears way for Religare AGM, Burmans' open offer

THE MADHYA PRADESH High Court on Thursday lifted the stay on Religare Enterprises annual general meeting (AGM) as well as the Reserve Bank of India (RBI)'s approval for Burmans' open offer to acquire an additional 26% stake in the company.

Rupee closes flat after hitting low of 85.94 vs dollar

THE RUPEE ON Thursday ended flat after hitting a lifetime low of 85.94 against the dollar during intra-day trade.

Emami rebrands Fair & Handsome in growth push

Betting On Male Grooming

Jupiter Intl to invest ₹6.5K cr on capacity expansion

JUPITER INTERNATIONAL, a manufacturer of photovoltaic solar cells and provider of solar power solutions, on Thursday said it will be investing ₹6,500 crore over the next three years in a bid to become a fully integrated solar manufacturer.

TCS Headcount Dips, Attrition Rises Slightly

IT giant on track to hire 40K this fiscal

Instamart to get standalone app after launch of Snacc

Swiggy on Thursday announced its plans to launch a standalone mobile app for its quick commerce service Instamart.

Tech firms urge equitable allocation of 6 GHz band

WITH THE GOVERNMENT reportedly leaning towards allocating the upper portion of the critical 6 GHz spectrum band (6425-7125 MHz) exclusively for telecom operators, technology firms represented by the Broadband India Forum (BIF) have raised concerns about a potentially skewed approach.

Legal action likely against Zomato, Swiggy for private labelling items

THE NATIONAL RESTAURANT Association of India (NRAI) on Thursday said it may take legal action against Zomato and Swiggy for private labelling of food items and selling them through their quick food delivery applications.

India Best Placed for AI Adoption: Salesforce India CEO

INDIA'S DIGITAL MATURITY positions it better than any other country to leverage the third wave of artificial intelligence (AI) for serving millions of underserved citizens across education, healthcare, and customer service sectors, with AI-enabled workforces becoming \"limitless\" in their capability to serve customers, Salesforce India CEO and chairperson Arundhati Bhattacharya said.

CBI books Karti in fresh graft case

THE CBI HAS registered a fresh case of corruption against former finance minister P Chidambaram's son and Congress MP, Karti Chidambaram, for allegedly giving relief to alcoholic beverage company Diageo Scotland over a ban on the duty-free sale of its whisky, officials said on Thursday.

Luxury vehicles' sales set record pace for Mercedes

SOME CARS ABOVE ₹1.5 CR SOLD OUT FOR NEXT THREE QUARTERS

Kabeer Biswas' switch awaits Dunzo board approval

Kabeer Biswas has informally agreed to join Flipkart to head its quick-commerce vertical Minutes, according to sources aware of the matter.

Double counting

A NEW MECHANISM to make recording of export-import data more efficient led to the double counting of some of the gold that entered the country via special economic zones (SEZs), resulting in hugely inflated numbers for the month of November.

Credit guarantee scheme for MSMEs soon: Official

FINANCIAL SERVICES SECRETARY M Nagaraju on Thursday said the government would soon launch a new credit guarantee scheme for the MSME sector covering loans up to ₹100 crore.

BP Partnership to Raise ONGC Revenue by $10.3 Billion

STATE-OWNED OIL AND Natural Gas Corporation (ONGC) expects a $10.3 billion revenue boost from increased oil and gas production in the Mumbai High field in partnership with the UK's BP.

Rooftop solar scheme & power infra likely to get Budget push

RUN-UP TO THE BUDGET 2025-26

Organic Item Exports Can Be Trebled In 3 Yrs

INDIA'S EXPORTS OF organic products can grow more than threefold in the next three years to ₹20,000 crore, commerce and industry minister Piyush Goyal said on Thursday.

GAIL Increases Domestic Gas Allocation to IGL by 31%

STATE-OWNED GAIL INDIA has increased domestic gas allocation to Indraprastha Gas Ltd (IGL) by 31% with effect from January 16, increasing the share of domestic gas in the company's CNG (compressed natural gas) segment to 51% from 37% earlier, the company said on Thursday.

Adani Group to Offload 20% Stake in Wilmar

FMCG player Adani Wilmar will see one of its promoter Adani Commodities LLP offload up to 20% stake in the company through an offer for sale (OFS), which will open on Friday.