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Oil edges higher on falling US crude inventories

BUSY 24 HOURS FOR CENTRAL BANKS

Re breaches 85 mark

● Barclays strategist sees it falling further to 87 by next year end

Dalal Street joins global sell-off

JOINING THE GLOBAL equity sell-off following the US Federal Reserve's hawkish surprise of fewer rate cuts in 2025, benchmark indices fell 1% on Thursday, marking their fourth consecutive session of decline.

Currencies tumble, few attempt rebound

THE DOLLAR SLIPPED on Thursday, a day after surging to a two-year peak after the Federal Reserve rocked markets by signaling a much slower pace of rate cuts in 2025, while the yen slid after the Bank of Japan (BOJ) stood pat on rates.

Silver lining for Dr Reddy's

● Share prices jump over 4% on upgrade by Nomura FE BUREAU New Delhi, December 19

Zetwerk's GMV rises 35% to ₹17,564 cr

CONTRACT MANUFACTURING STARTUP Zetwerk on Thursday said it has achieved a gross merchandise value (GMV) of ₹17,564 crore in FY24, reflecting a 35% growth from the ₹13,050 crore GMV recorded in the previous fiscal.

Micromax partners Taiwan firm

HOMEGROWN CONSUMER ELECTRONICS company Micromax has entered into a joint venture with Taiwan-based Phison to design and manufacture storage chips or solid-state drives (SSDs) in the country.

AI orders 34 trainer aircraft

AIR INDIA HAS placed an order for 34 trainer aircraft for its upcoming Flying Training Organisation (FTO) in Amravati, Maharashtra.

Auto Expo: Missing brands to return

INDIA'S PREMIER AUTOMOTIVE event, the Bharat Mobility Global Expo, will begin on January 17 with a record-breaking lineup of brands, including several returning participants.

Airtel prepays ₹3,626 cr to DOT

● Clears dues for spectrum auction held in 2016

Kia unveils Syros, aims to raise market share to 20%

KIA INDIA ON Thursday introduced the Syros, a new sub-4-metre SUV, which the company expects will increase its market share in the compact SUV segment from 15% to 20%.

Accenture lifts FY25 growth forecast; Q1 revenue up 8%

● Wipro, Infosys ADRs trade up

JSW Infra outlines ₹30K-cr capex plan

● Leveraging Navkaro acquisition, says company

Nestle: Swiss withdrawal of MFN status to not affect ops

NESTLE INDIA HAS clarified that the suspension of the most favoured nation (MFN) clause granted to India by Switzerland will not affect its operations.

IPO-bound Rebel Foods raises funds from KKR

IPO-BOUND CLOUD kitchen firm Rebel Foods said on Thursday that global investment firm KKR has acquired a stake in the kitchen operator.

CCI conducts raids on liquor majors AB InBev, Pernod

THE COMPETITION COMMISSION of India (CCI) has raided some offices of alcohol giants Pernod Ricard and Anheuser-Busch InBev as it investigates accusations of price collusion with retailers in Telangana, sources familiar with the matter said.

MTNL to get BSNL support for assets

● Services in Delhi & Mumbai to be managed by BSNL

CAG flags ₹194 cr loss incurred by Oriental Insurance in FY20

STATE-OWNED ORIENTAL Insurance Company Ltd incurred a loss of ₹194 crore during FY20 for failing to properly determine bidding rates for Pradhan Mantri Fasal Bima Yojna, said a CAG report.

Startups fire fewer employees, ramp up hiring in 2024

WITH FUNDING SHOWING signs of recovery, startups seem to be bouncing back. Layoffs by startups have dropped sharply in 2024 and hiring is also on the rise, data from layoffs.fyi showed.

DoT asked to diversify revenue streams

The Standing Committee on communications and information technology has asked the department of telecommunications (DoT) to diversify its revenue streams from the telecom sector to increase the government's revenue without burdening the industry excessively.

Push for local solar cells may raise project costs

THE GOVERNMENT'S DECISION to include solar cells in the Approved Lists of Models and Manufacturers, though will be implemented from June 1, 2026, may in the short term inflate delivered costs of domestic modules, drive up the capital cost of projects, and affect timelines, analysts say.

No sugar exports for now: Official

● Industry urges govt to allow 2 MT of shipments

First big trade data review since 2011 likely

IT COULD BE a throwback to 2011 for the commerce ministry as it is having a re-look at gold import data for November.

Weight loss drug endorsed by WHO scientists

In a significant move, scientists from the World Health Organization (WHO) have endorsed a new class of medicines known as GLP-1 receptor agonists (GLP-1 RAs), which mimic a hormone that regulates appetite and blood sugar levels, to manage obesity.

UK PM hosts Indian business leaders to boost investments

UK PRIME MINISTER Keir Starmer hosted a delegation of 13 Indian companies at 10 Downing Street in London, with the British government describing it as a \"curated visit\" to enhance bilateral partnership and boost investments.

Health insurance cover for OPD expenses to rise, says official

MORE HEALTH INSURANCE companies would start offering insurance cover on outpatient department (OPD) expenses, said Kiran Gopal Vaska, joint secretary and mission director (Ayushman Bharat Digital Mission) at the National Health Authority (NHA).

Niti suggests dormitory beds for factory workers at ₹2,000 a month

WITH INDIA REQUIRING 25 million beds for industrial workers in the next decade, a Niti Aayog report on Thursday suggested lower property tax, power and water tariffs to provide dormitory beds at an affordable cost of ₹2,000/month under the public-private partnership (PPP) model near factory sites.

Road assets in InvITs to soar 70% in FY26

ASSETS UNDER MANAGEMENT (AUM) of infrastructure investment trusts (InvITs) in the road sector are poised to surge to ₹3.2 lakh crore by the end of 2025-26 from ₹1.9 lakh crore in September this year, according to a report by Crisil Ratings.

'EV market to touch ₹20L cr by 2030'

Has potential to create 50 million jobs, says Nitin Gadkari

Highway infra trust to raise ₹15,000 cr; halts bond sale plan

The National Highways Infrastructure Trust (NHIT), promoted by the National Highways Authority of India (NHAI), will raise around ₹15,000 crore through a mix of debt and equity for acquisition of the next round of assets in the next two months, a senior official said.