CATEGORIES

JM Fin gets Sebi warning over lapses; stock falls

The Securities and Exchange Board of India (Sebi) has issued JM Financial an administrative warning over regulatory non-compliance during the initial public offering (IPO) of its client, Western Carrier (India).

Kotak Bank's Nagnur Steps Down as COO, CTO

KOTAK MAHINDRA BANK'S chief operating officer (COO) and chief technology officer (CTO), Milind Nagnur, has stepped down due to personal reasons, the bank said in an exchange filing on Friday.

Forex reserves drop to eight-month low

INDIA'S FOREIGN EXCHANGE reserves fell for the fourth consecutive week and stood at an eight-month low of $640.28 billion, as of December 27, data from the Reserve Bank of India showed on Friday.

Weakening Rupee Will Benefit Export-Oriented Firms: Mobius

WHILE A WEAKENING rupee is a dampener for foreign investment inflows into India, export-oriented companies could benefit from the fall in the local currency, as they become more competitive against China, Mark Mobius, chairman of Mobius Emerging Opportunities Fund, said on Friday.

Bajaj Housing Finance stock may drop 21%: Kotak report

Initiates coverage with 'sell' rating; target price at ₹100

Banks post strong growth in advances, deposits in Q3

Festival-Led Demand Drives Growth

Unlisted shares on a high with rising investor interest

WITH INTEREST IN the unlisted space growing, several smaller firms are deploying innovative ways to tap small investors. These include benchmarks to track the direction of the space, like the Sensex and the Nifty, and low-ticket investment value.

Papa John's Plans India Re-entry After Delays

US PIZZA CHAIN Papa John's International plans to make its return to the Indian market in 2025, a year later than planned, while many Western brands rethink their plans as inflation hits consumer spending.

The rise and fall of Dunzo's Kabeer Biswas

Though the company's FY24 financials are not available, internal sources suggest Dunzo now operates with 40,000 daily orders and 50 employees

After Quitting as Easy Trip CEO, Pitti Says No Further Stake Sale

NISHANT PITTI, who stepped down as the CEO of Easy Trip Planners on January 1, has said that he will not be selling any more stake in the company.

Zomato & Swiggy May Continue ₹10 Fee After Festivities

Zomato and Swiggy are likely to continue charging customers the increased platform fee of ₹10 per order even after the festive season ends, sources aware of the matter told FE.

Tata Elxsi joins Qualcomm for future mobility

TATA ELXSI PLANS to collaborate with Qualcomm Technologies to develop and leverage virtual models of Snapdragon Digital Chassis solutions for cloud-native application development. The partnership will focus on advancing Software-Defined Vehicle (SDV) technologies and will be demonstrated at the Consumer Electronics Show (CES) 2025.

India's smartphone market to hit $50-bn milestone in 2025

THE COUNTRY'S SMARTPHONE market is expected to cross $50 billion (₹4.3 lakh crore) in value in 2025, according to Counterpoint Research.

Zepto Sets Up New Entity to Shift to Marketplace Model

Zepto has set up a new entity, Zepto Marketplace, to rejig its operations from a B2B model to a marketplace model, according to people in the know.

GenAI Intensifies Pricing Pressure on IT Sector

The rapid adoption of generative AI (GenAI) is reshaping spending patterns in the IT services industry; however, this technological shift is intensifying pricing pressures for providers.

Weak demand to keep revenue growth of FMCG firms muted

Analysts see slower volume growth from weak urban demand

Vande Bharat sleeper trains set for May launch

WITH SUCCESSFUL TRIALS of the Vande Bharat sleeper trains at a peak speed of 180 kmph, the railways is gearing up to upgrade its premium long-distance passenger services.

13 States, UTs Among 'Achievers' in Logistics Performance Index

Gujarat, Karnataka, Maharashtra, Odisha, Tamil Nadu and Delhi are among the 13 states and Union Territories (UTs) that have been categorised as \"achievers\" in the logistics index chart 2024, according to a report released by the Commerce and Industry Ministry on Friday.

Unclaimed insurance amount at ₹20k-cr at the end of FY24: IRDAI

THE LIFE INSURANCE sector has reported unclaimed amounts totalling ₹20,062 crore as of March 2024, according to the Insurance Regulatory and Development Authority of India (IRDAI).

MSP Paddy Purchases Cross Last Year's Level

DESPITE A SLUGGISH commencement of procurement caused by storage crunch in Punjab, the government's paddy procurement for the 2024-25 season (October-September) has surpassed 48.3 million tonne (MT), slightly higher than last year.

Govt boosts gas supplies to CGD firms, stocks rise

SHARE PRICES OF City Gas Distribution (CGD) companies, including Indraprastha Gas, Mahanagar Gas, and Gujarat Gas, surged by up to 6% on Friday, recovering from intraday lows.

India Looking For Deep Ties With Trump Govt: Goyal

INDIA IS LOOKING forward to a deep and substantive engagement with the incoming Trump administration that assumes office later this month, commerce and industry minister Piyush Goyal said on Friday.

Govt open to make it easier for startups to return to India

THE GOVERNMENT IS open to ideas to make it easier for startups that have migrated overseas to return, commerce and industry minister Piyush Goyal said on Friday.

Manu, Gukesh Among 4 to Be Awarded Khel Ratna

DOUBLE OLYMPIC-MEDAL-LIST Manu Bhaker and chess world champion D Gukesh were among four winners of the Major Dhyan Chand Khel Ratna award announced by the Sports Ministry, which also named an unprecedented 17 para-athletes in the list of 32 Arjuna awardees to honour their resounding success at the Paris Paralympics.

Captain Rohit to miss Sydney Test, 'opts to rest'

THE EARLY HINT of India captain Rohit Sharma sitting out of the final Test of the Border-Gavaskar Trophy at Sydney came from head coach Gautam Gambhir.

White-collar hiring up 9% in December

Hiring for white-collar jobs in India rose 9% in December compared to the same month in the previous year, a survey released on Thursday showed.

Norms for capex release...

Minimising Shortfall

Indices soar nearly 2%

EQUITY INDICES OF China, Hong Kong, and Thailand declined by up to 2.66%, while Indonesia (up 1.18%), Australia (up 0.53%), and Singapore (up 0.35%) ended with gains.

Rein in tax terrorism

WE NEED A TRANSPARENT SYSTEM THAT CURBS LITIGATION AND A QUICK RESOLUTION PROCESS

Lessons from Manmohan Singh

Singh, as an RBI governor living through the permissive 1980s, understood the value of fiscal conservatism and implemented it as finance minister