CATEGORIES

RBI should ease its tight grip on rupee, says Viral Acharya

FORMER RESERVE BANK of India deputy governor Viral Acharya said the central bank should ease its tight grip on the rupee, a view that comes amid uncertainties over whether the new governor will maintain his predecessor's policy of limiting currency swings.

Rupee at lifetime low as equities slide; tilt bearish

THE RUPEE DECLINED 4 paise to settle at a record low of 85.83 against the dollar on Monday, amid a steep fall in domestic equity markets and unabated outflow of foreign capital.

PSBs turn net sellers of govt securities

STATE-OWNED BANKS HAVE turned net sellers of government bonds (G-Secs) amid a widening liquidity deficit, said traders.

Bank shares plunge up to 8% amid weak business updates

Historically, the third quarter is not a great one for banks

PSBs' share in 'fair value' investments declines, private banks report gains

STATE-OWNED BANKS' SHARE in the 'fair value through profit and loss investment portfolio' (FVPTL), the newly-introduced investment category, has gone down to 37.2% from around 45%. Meanwhile, the share of private banks has risen to nearly one-third, according to the Reserve Bank of India's (RBI) latest Financial Stability Report.

Adani Group lines up petchem foray

GAUTAM ADANI'S GROUP has teamed up with Thailand's Indorama Resources for a foray into the petrochemical business as the ports-to-energy conglomerate looks to expand in adjacencies.

D2C firm Frido set to be ₹200-cr brand

ARCATRON MOBILITY'S DIRECT-TO-CONSUMER (D2C) arm Frido is on track to become a ₹200-crore brand.

RIL arm launches Raskik Gluco Energy drink, adding fizz to hydration market

Beverage to rival Tata Consumer, Dabur products

Former executives at OYO, upGrad launch mobility platform

MAYANK KUMAR, FORMER CEO of upGrad, and Ayush Mathur, a former senior leader at OYO, have launched a new mobility platform for blue-collar workers called BorderPlus.

Auto ancillary firms aim US push with Trump's policies

INDIAN AUTOMOTIVE PARTS manufacturers are aiming to boost their share of exports to the US, driven by expectations that president-elect Donald Trump will fulfil his campaign promises upon taking office later this month.

Sterlite Grid 32 gets over ₹2,400 cr via listed NCDs

POWER TRANSMISSION DEVELOPER Sterlite Grid 32 (SGL32) on Monday announced securing ₹2,450 crore through listed non-convertible debentures (NCDs) to refinance its Mumbai Urja Marg project, Raji George, director, corporate finance, Sterlite Power told FE.

Festive boost to Titan biz growth in Dec qtr

TITAN'S STANDALONE BUSINESS registered a 24% year-on-year growth, the Tata Group company said on Monday while providing an update for the December 2024 quarter.

SC Transfers Amazon, Flipkart's Plea Against CCI to Karnataka HC

THE SUPREME COURT on Monday transferred to Karnataka High Court petitions of Amazon and Flipkart, challenging a Competition Commission of India (CCI) order for a probe into the e-commerce giants for alleged malpractices.

Lodha pre-sales soar to record ₹4,510 cr in Q3

MUMBAI-BASED REAL ESTATE developer Macrotech Developers (also known as Lodha Group) on Monday said it has achieved best ever quarter pre-sales of ₹4,510 crore, showing 32% year-on-year (y-o-y) growth in Q3FY25.

Residual benefit of tariff hikes to boost telcos' Arpu in Q3

The impact of the recent tariff hikes will continue to boost average revenue per user (Arpu) of telecom operators - Reliance Jio, Bharti Airtel and Vodafone Idea - in the October-December quarter.

Nxtra, Bizongo lead emerging unicorns

FIVE INDIA STARTUPS VALUED AT OVER $900 MN

Services PMI Hits 4-Month High in Dec

Demand buoyancy continued to drive new business inflows higher during December, which in turn supported output growth and prompted firms to recruit additional workers.

Govt mulls hallmarking for silver jewellery

Food and Consumer Affairs Minister Pralhad Joshi on Monday asked the Bureau of Indian Standards (BIS) to consider implementing mandatory hallmarking for silver and silver artifacts following consumer demands.

Centre eyes private capital for ₹9L-cr grid expansion

INDIA IS ASKING states to attract more private capital to accelerate the expansion of its power transmission network, part of a plan to revamp the country's grid and accommodate more clean power.

Funding in space industry declines 55% to $59.1 mn

FUNDING IN SPACE sector, a key part of the country's ambitions to become a global superpower, plummeted by 55% in 2024 to $59.1 million from $130.2 million the previous year, according to data from market intelligence platform Tracxn.

Don't hire illegal Bangladeshi migrants as cheap labour, says Assam CM

INDUSTRIALISTS HAVE TO look beyond \"cheap labour\", and perform a \"national duty\" by not giving any jobs to illegal Bangladeshi migrants, Assam chief minister Himanta Biswa Sarma said on Monday.

PM Inaugurates Railway Projects in J&K, Odisha

PRIME MINISTER NARENDRA Modi on Monday inaugurated virtually a slew of railway projects, including the Jammu railway division, the Charla-palli terminal station in Telangana, besides laying foundation for the Rayagada railway division building in Odisha under the East Coast Railway.

IIFCL Should Lend ₹1 Lakh Crore in 3 Years: Nagaraju

INDIA INFRASTRUCTURE FINANCE Company (IIFCL) may set an ambitious goal of extending loans of ₹1 lakh crore to the infrastructure sector in the next three years, financial services secretary M Nagaraju said on Monday.

Govt Eases Conditions for Specialty Steel PLI

The government on Monday relaxed conditions of the production-linked incentive (PLI) scheme for specialty steel and reopened the application window for companies to attract investments in product categories that saw no or low participation in the first round.

As fees stagnate, audit firms struggle to retain talent

Just 10% nominal rise in income over five years, real income growth negative

Investments by central agencies & CPSEs decline 10% in Apr-Nov

CAPEX SLOWDOWN

Consent manager framework a key Big Tech concern

MAJOR TECHNOLOGY FIRMS, including Google, Amazon, Meta and Apple, plan to engage with the ministry of electronics and IT (MeitY) over concerns regarding the consent manager framework and a proposed government-appointed committee overseeing cross-border data transfers.

Cutting-edge AI innovations to take centre stage at CES 2025

Top global companies to showcase advancements in mobility, digital health and sustainability

5 Infants Test Positive for HMPV in Gujarat, Karnataka, TN

FIVE INFANTS TESTED positive for the Human Metapneumovirus (HMPV) in Karnataka, Tamil Nadu, and Gujarat on Monday, the first reported cases of the virus in India.

Bajaj Auto's EV charge

LAUNCH OF MASS MARKET SCOOTERS PAYS OFF