CATEGORIES

Shyam Benegal, pioneer of parallel cinema, dies

JUST WHEN MAINSTREAM Hindi cinema stepped into an exciting new phase with the rise of the 'Angry Young Man' in the '70s, Shyam Benegal made a stunning debut as the writer and director of Ankur (The Seedling, 1974), propelling the parallel cinema movement in India.

Toyota-Suzuki pact should be the template in India

ANALYSTS SAID THAT for the Indian market, auto firms can't afford to be just in segments like petrol and diesel.

Now, Musk wants you to pay 'X-tra' as premium plans

● Marks the largest price increase since acquisition AGENCIES

Honda, Nissan on merger road

SMALLER MITSUBISHI MOTORS, in which Nissan is top shareholder, was also considering joining and would make a decision by the end of January, the companies said.

For IT firms, it's a mixed blessing

\"DESPITE CURRENCY PRESSURES, the sector's growth is underpinned by strong demand, particularly in cloud and AI-driven transformation projects,\" said an industry analyst.

Noel Tata: From shadows to spotlight

THE NEW CHAIRMAN of Tata Trusts, however, has done enough to remove the earlier perception of \"lack of exposure\".

UK insurer Aviva to shed up to 2,300 jobs in $4.65-billion deal

COMBINED COMPANY WILL SHED BETWEEN 5-7% OF ITS TOTAL WORKFORCE

US launches new probe into legacy Chinese chips

THE BIDEN ADMINISTRATION announced on Monday a last-minute trade investigation into older Chinese-made \"legacy\" semiconductors that could heap more U.S. tariffs on chips from China that power everyday goods from autos to washing machines to telecoms gear.

In a note to India, Bangladesh demands Hasina's extradition

● Dhaka insists on Hasina's trial, India declines comment

Govt schools can fail class 5, 8; no-detention policy ends

THE CENTRE HAS scrapped the no-detention policy in schools governed by it, including Kendriya Vidyalayas and Jawahar Navodaya Vidyalayas, allowing students of Classes 5 and 8 to be held back from the ongoing academic session.

Emami: Operating margins to improve

● Bolt-on acquisitions to drive double-digit revenue growth

Awfis Space Solutions: Sustained growth outlook

35% CAGR in seat additions during FY24-27 projected

Siemens: Weak outlook on HVDC, Railways

Muted performance in the LV business (smart infrastructure, including discoms capex and private capex in digital infrastructure). Given the limited near-term catalysts in HVDC and railways, we are revising down our FY25E/26E/27E EPS estimates by 9%, 15%, and 11%, factoring in slower HVDC order inflows and operating margins of 14%. Consequently, we downgrade Siemens to \"Hold,\" with a TP of ₹7,000, valuing the stock at 65x FY27E EPS of ₹106.

Struggles with a consumer society

TIGHTENING GOVERNMENT CONTROL ON CHINESE SOCIETY IS AT ODDS WITH ITS GOAL OF RAISING CONSUMPTION

Europe's hottest stock has an American architect

FORCED TO SEEK a government rescue barely a year ago, Siemens Energy was an unlikely candidate for Europe's best-performing stock of 2024.

The conundrum of repo rate arguments

Monetary policy always triggers debate as theoretical arguments on both sides: repo rate induces investment or repo rate lowers inflation are equally strong

Merge to survive

Electric mobility is disrupting the global auto industry, forcing alliances and consolidation

HUDCO, PGCIL raise 10-yr bonds at 7.12%

HOUSING AND URBAN Development Corporation (HUDCO) and Power Grid Corporation (PGCIL) have raised funds from the domestic debt capital market.

Burman family gets Sebi nod for Religare open offer

THE BURMAN FAMILY'S open offer to acquire an additional 26% stake in Religare Enterprises has received an approval from the Securities and Exchange Board of India (Sebi), according to a report.

Kalyani Investment pays ₹1.12 crore to settle case with Sebi

KALYANI INVESTMENT, ONE of the promoter group entities of Bharat Forge, has settled a case with Sebi about the alleged violation of disclosure norms after paying ₹1.12 crore towards the settlement fee.

Non-life insurance claims ratio dips to 83%

NET INCURRED CLAIMS to net earned premium (claims ratio) of the non-life insurance industry stood at 82.52% during 2023-24, compared with 82.95% in the preceding fiscal, according to the Irdai's annual report.

Sebi suspends trading in Bharat Global on financial irregularities

SEBI ON MONDAY suspended trading in Bharat Global Developers for alleged financial misrepresentation, misleading disclosures, price manipulation and offloading shares at inflated prices.

Rupee closes at its lifetime low of 85.12

● Weak yuan, demand for dollar keep the currency under pressure

Banks lobby RBI for new swaps market benchmark

A GROUP OF banks has asked the Reserve Bank of India to approve a new benchmark for overnight indexed swaps, according to people familiar with the matter.

OYO buys US-based G6 Hospitality in a $525-million deal

TRAVELTECH COMPANY Oyo on Monday said it has completed the acquisition of US-based G6 Hospitality from Blackstone for $525 million.

AI integration seen gaining pace in 2025, to unlock biz value: Report

THE UPCOMING YEAR will see enterprises accelerating AI integration and other advanced technologies to unlock significant business value, according to Wipro's Tech Trends for 2025 report.

Simplilearn cuts losses by 56% to ₹107 cr in FY24

UPSKILLING PLATFORM SIMPLILEARN reduced its net losses by 56% to ₹106.7 crore in FY24 from ₹244.2 crore in FY23.

Telcos told to offer separate voice, SMS recharge plans

THE TELECOM REGULATORY Authority of India (Trai) on Monday mandated telecom operators to offer separate recharge plans only for voice and SMS services.

Airtel adds users in Oct, Jio loses again

BSNL ADDS SUBSCRIBERS FOR FOURTH MONTH

Telcos see fresh challenges from direct-to-mobile technology

TELECOM OPERATORS, REPRESENTED by the Cellular Operators Association of India (COAI), on Monday said the proposed direct-to-mobile (D2M) technology will pose new challenges.