CATEGORIES

RBI Lifts Asirvad, DMI Finance's Ban

The Reserve Bank of India (RBI) on Wednesday lifted the business restrictions placed on Chennai-based Asirvad Micro Finance and New Delhi-based DMI Finance with immediate effect.

Jammu-Srinagar train may start soon

The first train connecting Jammu to Srinagar may begin its commercial run later this month, marking the completion of an over two-decade-old project that would link the Kashmir valley with the rest of the country by a direct railway line.

The billionaire mining magnate who bet coal had a future, and won big

Coal's resurgence as a reliable energy source propelled Low Tuck Kwong to a spot on Forbes's 100 richest people

Centre eyes recovery of tax arrears amounting to ₹46.57 tn

To put the numbers in perspective, the total outstanding is around 14% of India's GDP

Xi Jinping Muzzles Chinese Economist Who Dared to Doubt GDP Numbers

Gao Shanwen questioned Beijing's ability to boost its economy as threats loom from a property meltdown, burgeoning debt and other challenges

Strong Board Can Enforce Digital Privacy Laws: Experts

DPBI Needs Skilled Technical and Legal Professionals, as Well as Institutional Independence

ONGC chooses BP to boost Mumbai High's production

The field currently produces around 1,32,265 barrels of oil and around 13 billion cubic metres of gas per day

Investment a barrier to foundational AI entry, says Nadella

India must get into frontier work in artificial intelligence (AI) and build foundational models, but investment is a real entry barrier and just one mathematical breakthrough can change entire dynamics, Microsoft chairman and chief executive Satya Nadella said in New Delhi on Wednesday.

Govt orders airlines to share weather data with IMD

With new airports coming up, IMD could have access to data from a wider geographical region

China factor a headwind for pvt investments: Sanjiv Puri

China's surplus capacity is dampening Indian business' spirit for adding further production capacity, according to Sanjiv Puri, president of Confederation of Indian Industry (CII).

Allcargo to sell up to 40% stake in Gati

Allcargo Gati has done away with some of its non-core businesses to focus on growth and profitability

Agarwal buys iconic Riverside studio

The founder and chairman of Vedanta Group Anil Agarwal is the new owner of the iconic Riverside Studio in London, announced a press release on Wednesday.

Cygnett eyes ₹300 cr in FY25 sales, to open 15 hotels next yr

Cygnett Hotels & Resorts aims to close FY25 with ₹300 crore gross revenues, driven by new management contracts, founder and managing director Sarbendra Sarkar said.

Foxconn, Dixon Urge India to Pay Pending Subsidies

Apple Inc. supplier Foxconn Technology and Dixon Technologies India Ltd. have asked India to pay them billions of rupees in subsidies they think they are entitled to under the government's production incentives programme.

Green hydrogen hub work begins

Prime minister Narendra Modi on Wednesday laid the foundation stone of NTPC Green Energy Ltd's (NGEL) green hydrogen hub at Pudimadaka near Visakhapatnam, Andhra Pradesh, among several other infrastructure projects in the state.

UBL suspends beer supply to Telangana over price row

The beer maker cited frozen prices, unpaid dues and 40% rise in production costs since 2019

Box-office performance dictating OTT release schedules

The gap between theatrical premiere of films and their release on streaming platforms is increasingly becoming flexible, depending primarily on box-office performance.

Rupee falls 17p to a new low of 85.91 against US dollar

The rupee extended its slide for the second straight session and declined 17 paise to hit a fresh record low of 85.91 against the US dollar on Wednesday amid higher crude oil prices and stronger American currency.

Fashion biz and margins Nykaa's weak spots, beauty shines

In its December quarter (Q3FY25) update, Nykaa's parent FSN E-Commerce Ventures Ltd said its beauty and personal care (BPC) segment remains the key growth driver, while muted demand in its fashion business continues to weigh on momentum.

Sebi Tightens Rules for Advisers, Analysts

The market regulator tightened rules for independent advisers and research analysts by imposing deposit requirements and restrictions on the scope of advice to enhance transparency and protect investors.

Defence stocks get reality check

Sluggish

New RBI chief faces calls to unshackle rupee as dollar rises

India's new central bank head faces a tough decision on managing the rupee's exchange rate—focus on squeezing volatility like his predecessor did, or respond to calls for more flexibility as the dollar continues to surge.

Govt considers lifting ban on trade in seven crop futures

The government is considering revoking a three-year ban on futures trading in seven farm commodities, including wheat and unprocessed rice, after studies found the steps were counterproductive, according to a person with knowledge of the matter.

Avendus Launches Third Pvt Credit Fund

The asset management arm of Avendus Group, Avendus PE Investment Advisors, on Wednesday launched its third private credit investment vehicle targeting to raise more than double the capital secured for the last vehicle, with the first close expected next month, VCCircle has gathered.

South Park Commons Plans India Fund

South Park Commons (SPC), a California-based technical community for startup founders, is raising $40 million (about ₹340 crore) for an India-focused fund to invest in early-stage ventures.

hBits Plans to List Its Maiden SM Reit Asset

Fractional ownership platform hBits Proptech Pvt. Ltd, which allows retail investors to invest in rental income-generating properties, is set to float a small and medium real estate investment trust (SM Reit) by February, a top executive told VCCircle.

Target Global Chip Shifts, Not Self-Sufficiency: Chris Miller

The Chip War author batted for strategic focus on diversification of global tech innovation

India to simplify tax filing rules in budget

The government plans to simplify income tax filing rules to make it less tedious for taxpayers to comply with the law and help cut down on disputes that have ballooned to more than $120 billion over the past decade.

Why farm growth held up as other key sectors slowed down

India's farm economy, which employs nearly half the population, is forecast to outperform other key sectors during 2024-25, but the expansion is partly due to a so-called base effect, analysts said on Wednesday, a day after the release of full-year official estimates of gross domestic product (GDP) growth.

Gold import revision trims Nov's record trade deficit by $5 billion

India's record trade deficit for November has been revised downward to $32.8 billion from $37.8 billion, after the government made a sharp correction in gold import data.