CATEGORIES

Impact on auto sector

HOWEVER, THE FALLING rupee presents challenges for import-dependent luxury carmakers like Mercedes-Benz, BMW, Audi, and Volvo.

China Avoids Rate Cut to Brace for Future Pressure

CHINA REFRAINED FROM cutting the interest rate and drained the most cash since 2014 with a one-year policy tool, keeping its powder dry ahead of possible escalation in trade tensions with the US next year.

Yoon Defies Second Agency Summons Over Martial Law

SOUTH KOREA'S SUSPENDED President Yoon Suk Yeol did not respond on Wednesday to a second summons by anti-corruption authorities who, along with prosecutors, are investigating his short-lived martial law decree issued early this month.

'2025 will be the year of small language models'

Mohammed Rafee Tarafdar, chief technology officer (CTO), Infosys, says that in recent times, several small language models for India-specific needs have been launched and with the growing developer base, \"we should see a lot more GenAI applications implemented for Indian and global markets.\"

Garuda promotes precision agriculture in hinterland

• Trains over 500 rural women for agri-related services

Gender gaps persist

WOMEN'S ACCESS TO PAID WORK CAN ONLY IMPROVE WHEN THE ECONOMY IS CREATING ADEQUATE JOBS

Moving towards an IP-centric economy

A product mindset will help drive business growth

Wegovy & Zepbound's next lap harder than acceptance

THIS TIME LAST year, people were still bickering about whether Novo Nordisk's Wegovy and Eli Lilly & Co.'s Zepbound represented a shortcut to losing weight or a medical breakthrough.

Incremental gains

Growth in area under green cover is encouraging, but the threat of forest degradation must be averted

A Baseline Scenario for Global Economy in 2025

Economic fragmentation will continue, pushing some countries to diversify their reserves further away from the US dollar and explore alternative payment systems

Long-Term Debt Funds to Gain From Rate-Cut Cycle

With India expected to begin a rate-cut cycle in the coming months, long-term debt funds are poised to benefit from falling bond yields and improved market dynamics.

Recoveries may top FY25 target of ₹5,000 cr

Aiming to expand its footprint across the country, Yes Bank plans to open 400 branches in the next five years. In an exclusive interaction, Prashant Kumar, managing director and CEO, tells Sachin Kumar about growth plans and the strategy to garner deposits at a time when the banking sector is struggling to raise low-cost funds. Excerpts:

Insurance penetration slips below 4% in FY24

AFTER THREE YEARS, India's insurance penetration slipped below 4% in FY24, underscoring the challenges in meeting Irdai's 'Insurance for All by 2047' vision.

Amitava Chatterjee Appointed J&K Bank MD

J&K Bank on Wednesday announced the appointment of Amitava Chatterjee, currently deputy managing director of State Bank of India (SBI), as its new managing director (MD) and CEO.

N Srinivasan Resigns as India Cements MD & CEO

INDIA CEMENTS LIMITED (ICL) on Wednesday announced that its former promoter N Srinivasan has stepped down as the company's managing director and CEO with immediate effect.

Ola reaches 4,000-store mark with EV network expansion

3,200 stores opened in the last month with service facilities Focus on EV adoption in smaller cities Competition from TVS, Bajaj Auto, Ather, & Greaves Ola scooters, Gig & S1 Z series, start at ₹39,999 Deliveries start April-May 2025; reservations for ₹499 Scooters feature removable batteries for all user types

Risk management set to drive Dezerv's 2025 growth story

Dezerv, which largely caters to an affluent section of first-generation wealth creators including founders and C-suite executives, will prioritize risk management next year as markets navigate global uncertainties.

Reverse flipping all set for 'homecoming' rush

However, regulatory hurdles, high costs & tax timelines likely to pose challenges

Synaptics to double workforce in India

NASDAQ-LISTED SEMICONDUCTOR solutions company Synaptics plans to double its workforce in India from 400 to 800 employees over the next two to three years, reinforcing its commitment to wireless and edge AI product development.

Allu Arjun, makers of Pushpa announce ₹2-cr financial aid for stampeded victim family

ACTOR ALLU ARJUN and makers of the film Pushpa on Wednesday announced financial assistance of ₹2 crore for the family of the woman who died in a stampede during the film's screening at a theatre here on December 4.

Delhi Govt Disowns AAP New Schemes; Kejriwal Targets BJP

In an unprecedented move, senior officers in the Delhi government released public notices and disowned the registration process started by chief minister Atishi and her predecessor, Arvind Kejriwal, for two schemes announced by the ruling AAP in the national capital.

Need to counter Cong on Ambedkar, BJP tells its allies at NDA meeting

Members of the ruling NDA met Wednesday at the New Delhi residence of BJP president and Union Minister JP Nadda to discuss ways to put up a united front to counter the Opposition narrative on the issue of the Constitution and Dr B R Ambedkar.

MT Vasudevan Nair, Malayalam literature & film giant, no more

Renowned Malayalam writer MT Vasudevan Nair died on Wednesday at a private hospital in Kozhikode, where he was admitted following heart failure.

EY report forecasts 6.5% growth in FY25, FY26

INDIA'S REAL GDP is expected to grow 6.5% in the current as well as the next financial year, according to the EY Economy Watch report.

India Boosts Position in World Market for Copper, Aluminium Wires

IN THE EXPANDING global market for aluminium and copper wires, India has increased its share and ranking among exporters in the past decade, according to data compiled by the commerce ministry.

Record RE addition of 30 GW, policy push for storage, hybrid energy

INDIA MADE SIGNIFICANT progress in the renewable energy (RE) sector in 2024 with total RE capacity reaching 205.5 gigawatt (GW) as of November in the current fiscal year 2024-25.

Modi lays foundation stone for MP river-linking project

PRIME MINISTER NARENDRA Modi on Wednesday accused Congress of ignoring Dr B R Ambedkar's contribution to the development of water resources in the country as he laid the foundation stone of the Ken-Betwa river linking project in Madhya Pradesh.

Experts want PDS food items out of the new inflation series

THE MINISTRY OF statistics & programme implementation (MoSPI) has floated a discussion paper to seek views on the treatment of \"free public distribution system (PDS) items in the Consumer Price Index (CPI) compilation\", as it feels the current mechanism doesn't properly capture the impact of free food distribution on inflation.

Export Duty on Onion to Stay Till Retail Prices Cool

DESPITE A SHARP fall in mandi prices of onions due to arrival of kharif crop, the government is unlikely to remove 20% export duty on the staple vegetable citing higher retail prices.

Arunish Chawla named new revenue secy

The government on Wednesday appointed Arunish Chawla as the new revenue secretary, according to a personnel ministry order, reports the Bureau.