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RBI approves Canara Bank's stake sale in MF, insurance subsidiaries via IPO

The Reserve Bank of India (RBI) has approved the stake sale by Canara Bank in its mutual fund and insurance arms through initial public offering (IPO), the state-owned lender said on Thursday.

Potential shifts in US trade policy to affect trade in 2025: Unctad

Potential shifts in the US trade policy to a more protectionist one, inward-looking industrial policies in many countries, threat of renewed and expanded trade wars along with ongoing geopolitical tensions are set to negatively influence international trade in 2025, a report released on Thursday said.

Railways Amendment Bill seeks to simplify legal framework; Oppn fears privatisation

After Railway Minister Ashwini Vaishnaw introduced the Railways Amendment Bill 2024 in Lok Sabha on Tuesday, opposition leaders alleged that the Bill could be detrimental to the functioning of railways.

Co-branded credit card share likely to double by FY28

Visa, one of the leading payment networks, sees significant growth of co-branded cards in India over the next four years due to higher customer engagement of such cards compared to traditional credit cards.

Centre clears way for non-mineralised areas in mining leases

Move streamlines mining operations, allowing state governments to allocate additional areas for 'overburden soil' management

POLITICAL TURMOIL UNLIKELY TO IMPACT KOREA'S TRADE WITH INDIA FOR NOW

The brewing political turmoil in South Korea is unlikely to impact trade with India for now, as the situation in the Southeast Asian nation is still unfolding.

PSBs lag behind on govt insurance enrolment targets

Public-sector banks (PSBs) have fallen short on achieving the annual targets of two flagship insurance schemes for social security, Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), according to the government data reviewed by Business Standard.

Opec+ cuts extension may not impact India

Earliest reversal of cuts pushed to March 2025 on Thursday

India, Israel on right side of the US' equation

NIR BARKAT, Israel's minister of economy, was in India this week to promote bilateral trade. Barkat, a former paratrooper in the Israel Defense Forces, met ministers, chief executives and representatives of industry associations to explore how the two countries' companies could collaborate. Barkat, in an interview with Shivani Shinde and Dev Chatterjee in Mumbai, talked about how Israel promotes business and its target of $1 trillion exports in the next two decades. Edited excerpts

BharatPe's 'Shield' against online frauds

Fintech firm BharatPe on Thursday rolled out a fraud-protection plan 'Shield' to offer coverage against digital frauds including protection against fraudulent UPI transactions.

Bitcoin@$100K: Milestone may boost Indian investors' rush

The recent Bitcoin rally, which saw the cryptocurrency surge past the $100,000 mark on Thursday, is drawing Indian investors in droves.

EQT Asia doubles down on India's health care, infra

Swedish PE firm invests $6 bn in country, sells stake worth $2.4 bn in 18 months

Blinkit vs Instamart: Chasing a moving target in qcom race

DELIVERING GAINS

Price cuts for 2 bike portfolios will have token impact: Bajaj

Bajaj Auto said on Thursday the \"net impact\" of its reducing prices of Freedom 125 and Pulsar motorcycle portfolios will be \"nominal\" in the Q3FY25, arguing that a brokerage's report did not give a \"full or accurate picture\".

Hyundai announces price hike of up to ₹25K from Jan

Hyundai Motor India (HMIL) on Thursday announced a price hike of up to ₹25,000 across its model range, effective January 1, 2025.

Tractor sales likely to witness fertile H2

Analysts expect 10-11% growth in H2FY25 after flat H1

Myntra adds speed to cart with 30-min delivery 'M-Now'

In a bid to gain first mover edge, Myntra has announced the launch of 'M-Now', which would enable shoppers to receive their orders in about 30 minutes.

'We continue to grow ahead of the mkt'

At a time when competition in the fashion retail industry is intensifying as new players emerge, Myntra Chief Executive Officer NANDITA SINHA says the online fashion retailer continues to grow ahead of the market. In a telephonic interview with Peerzada Abrar, Sinha shared that Myntra reached 70 million monthly active users during the festival season, and its GenZ customer base doubled in one year. She also mentioned the launch of M-Now, which enables shoppers to receive their orders in about 30 minutes, and the feature is expected to scale to over 100,000 styles in the next three to four months. Edited excerpts:

FPIs back in droves in Dec, fuelling equity, debt rally

Foreign portfolio investors (FPIs) have made a strong return to India's debt and equity markets this December, partly reversing two months of consecutive outflows.

Low salaries can be self-destructive for India Inc: CEA

Deregulation to be big theme of Eco Survey

A year of surprises: Triptii Dimri tops IMDb list of stars

Triptii Dimri is India's most popular star for 2024.

India's health at a sugar tipping point, 50% see glucose imbalance

India is witnessing a diabetes epidemic in the making, with multiple research reports indicating a surge in its prevalence across the country.

EPS subscribers with ₹1K pension rose 3% to 3.66 mn in FY24

The total number of pensioners receiving minimum assured pension of ₹1,000 under the Employee Pension Scheme (EPS) has increased by 3 per cent to 3.66 million in the financial year 2023-2024 (FY24) compared to the previous year, according to the data from the Employees' Provident Fund Organisation's (EPFO) latest annual report reviewed by Business Standard.

ARPU VS USERS: TELCOS' CALL

Telecom tariff hikes, rolled out in July after 30 months of logjam, are playing out in surprising ways

RISING HEALTH INSURANCE CLAIM SIZE Combine base policy, super topup for high coverage at optimal cost

The average health insurance claim payout on Policybazaar.com's platform increased from ₹62,014 in 2022-23 to ₹81,025 in 2024-25 (year-to-date), an increase of 30.7 per cent.

HEG up 32% as China tightens graphite grip

Rise has occurred over past 2 days, pushing stock to a 70-month high

Jungle Camps India sets ₹68-72 price band, IPO opens Dec 10

Jungle Camps India Ltd, which provides wildlife and conservation-focused lodges, on Wednesday announced a price band of ₹68-72 per share for its initial public offering (IPO), which will open on December 10 and close on December 12.

PropShare Platina, 1st SM Reit IPO, subscribed 1.11x

The initial public offering (IPO) of PropShare Platina, the first ever by a small and medium real estate investment trust (SM Reit), garnered 1.11 times subscription on Wednesday, the closing day.

Rising competition putting pressure on Avenue Supermarts

Shares of Avenue Supermarts, the operator of DMart retail chain of supermarkets and hypermarkets, have seen a correction of about 30 per cent from highs of ₹5,400 levels in September.

Kotak AMC to launch ₹2K cr private credit fund

Kotak Mahindra Asset Management Company (AMC) is set to enter the private credit market with the launch of a fund, which aims to raise between ₹1,500 crore and ₹2,000 crore, next month.