CATEGORIES

Sundaram Alternates raises ₹1,000 cr for realty fund

SUNDARAM ALTERNATES, PART of Sundaram Finance, on Wednesday said it has made the first close of ₹1,000 crore for its real estate fund.

Meta Apologizes for CEO's Remark on India Elections

META INDIA ON Wednesday apologized for CEO Mark Zuckerberg's recent remarks that the incumbent government lost power in the 2024 elections.

Let the rupee fall

What's important is the relative value of the currency vis-à-vis peer currencies and not its absolute value

LTTS expects hiring decline in coming years on automation

Revenue up 3% in Q3, logs highest-ever deal booking TCV

CEA Among Candidates for Post of RBI Deputy Guv

CHIEF ECONOMIC ADVISER (CEA) V Anantha Nageswaran and 16th Finance Commission secretary Ritvik Pandey were among the candidates interviewed on Wednesday by a selection panel headed by Cabinet secretary T V Somnathan for the post of a new deputy governor at the Reserve Bank of India (RBI).

SEC Sues Elon Musk Over Twitter Stake Disclosure

The US Securities and Exchange Commission has sued billionaire Elon Musk, saying he failed to disclose his ownership of Twitter stock in a timely manner in early 2022, before buying the social media site.

'US sanctions on Russian oil tankers to hit imports; Trump's stance key'

THE SWEEPING US sanctions targeting Russia's oil trade announced on January 10, with as many as 183 tankers being placed under sanctions, could hit India's imports of cheaper Russian oil.

Eka Mobility plans ₹2,000-cr investment

PUNE-BASED ELECTRIC BUS maker Eka Mobility will launch 6-7 electric commercial vehicles over the next 18 months and expand production capacity at an investment of ₹2,000 crore.

Goldman Sachs profit soars on trading boost

GOLDMAN SACHS POSTED its biggest profit since the third quarter of 2021 to beat Wall Street expectations, driven by bankers who brought in more fees from dealmaking, debt sales and strength in trading.

AI to power 40% of utility control rooms, says Gartner

BY 2027, 40% of control rooms in the power and utilities sector will deploy AI-driven operators, according to Gartner.

Swiggy, Zomato may cut back on food discounts

Strategy rethink as q-commerce race heats up

Helping startups scale up business

Govt support can serve as a catalyst for growth

Indigenous 'bullet train' projects may run into financing hurdles

WHILE THE WORK on an indigenous prototype of high-speed rolling stock has boosted hopes of \"Indian bullet trains\" hitting the tracks over the next few years, the proposed seven high-speed rail projects could face serious financing hurdles, officials said.

Elon Musk Won't Save TikTok

THE IDEA OF Elon Musk as a potential buyer for TikTok may seem like the craziest development yet in the saga of the US government's determination to ban the app.

'AI, GenAI to fuel IT industry recovery in FY26'

With clients reducing discretionary spends on a challenging macroeconomic environment and Donald Trump 2.0 steering higher charges for H-1B visa, the IT services industry is facing headwinds.

Most Indian firms see AI as strategic priority: Study

Surpass global average of 75%

Shoppers Stop looks at around 15 store additions in FY26

DEPARTMENT STORE CHAIN Shoppers Stop on Wednesday said that it was at the end of its store closure cycle that had been initiated over the last few months to improve profitability.

Rupee logs biggest single-day gain in over seven months

AFTER FALLING FOR the past five trading sessions, the rupee on Wednesday recovered 28 paise, or 0.33%, against the dollar, marking its biggest gain in over seven months, helped by a weaker dollar and a lower-than-expected trade deficit number.

Next round of India-UK FTA talks to start in Feb

BOTH SIDES FINALISING DATES, SAYS OFFICIAL

PM Wani revival: Trai calls for cap on high internet costs by telcos

The Telecom Regulatory Authority of India (Trai) on Wednesday proposed that the broadband tariff charged by telcos to public data office (PDO) under the PM-Wani scheme shall not exceed twice the tariff applicable for retail broadband FTTH (fiber-to-the-home) services for the corresponding capacity.

Mandi Prices of Soyabean Below MSP

DESPITE THE GOVERNMENT purchasing a record 1.3 million tonne (MT) of soyabean from farmers in key producing states at the minimum support price (MSP), its mandi prices continue to rule below the benchmark.

Atishi 'running around like a hirni': Bidhuri

RAMESH BIDHURI, THE BJP candidate in Kalkaji for the upcoming Delhi Assembly polls, stirred up controversy again on Wednesday with a comment about his contender and Delhi CM Atishi.

Liquidity on Tap Via Daily VRR Auctions

OVERNIGHT REPO RATE BACK INTO PLAY FROM TODAY

India to play key role in global security: PM

IN A FIRST, NAVY GETS 3 VESSELS SIMULTANEOUSLY

S Korea in peril after prez's arrest

SOUTH KOREAN INVESTIGATORS managed to arrest impeached President Yoon Suk Yeol on Wednesday while avoiding a violent clash in the middle of Seoul.

Apparel retail may expect recovery in H2

THE APPAREL RETAIL sector in India is likely to show signs of recovery in the second half of FY25 due to improved consumer finances and a higher number of wedding days, India Ratings and Research (Ind-Ra) said on Wednesday.

NPAs of SFBs to rise in FY25: Icra

RATING AGENCY ICRA on Wednesday said small finance banks (SFBs) will see an uptick in delinquencies in FY25, and the asset growth will slow down to 18-20%.

No near-term impact seen on India of US AI chip restrictions

THE RECENT ANNOUNCEMENT by the US government to impose restrictions on exports of AI chips, is not expected to impact India in the short-term given the current demand levels and capacity requirements by the country is less, tech experts and officials said.

Niti to evaluate Ujjwala Yojana & targeted subsidy

NINE YEARS AFTER the Pradhan Mantri Ujjwala Yojana (PMUY) was launched to provide affordable and clean cooking fuel to poor families, the Niti Aayog will conduct an evaluation of the scheme and targeted subsidy to PMUY beneficiaries on aspects such as scope for further improvement, equity and relevance.

DPIIT & ITC Join Hands to Help Manufacturing Sector Startups

The Department for Promotion of Industry and Internal Trade (DPIIT) has entered into a partnership with cigarettes-to-consumer goods conglomerate ITC to help startups in the manufacturing sector, according to a statement.