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Mutual funds end 2024 with record ₹3.9-lakh-cr inflows

Quarter-end tax outflows hit debt funds; SIPs touch record ₹26,459 cr

Rupee closes flat after hitting low of 85.94 vs dollar

THE RUPEE ON Thursday ended flat after hitting a lifetime low of 85.94 against the dollar during intra-day trade.

Biswas' switch awaits Dunzo board nod

DUNZO CO-FOUNDER KABEER Biswas has informally agreed to join Flipkart to head its quick-commerce vertical Minutes, according to sources aware of the matter.

Luxury vehicles' sales set record pace for Mercedes

SOME CARS ABOVE ₹1.5 CR SOLD OUT FOR NEXT THREE QUARTERS

Novelis Plans to Raise $750 Million

US-BASED NOVELIS, which is part of Hindalco Industries, on Thursday said its indirect wholly-owned arm plans to raise $750 million through issuance of bonds.

Board of Vodafone Idea Clears ₹1.9K-Cr Fundraise

VODAFONE IDEA on Thursday approved raising ₹1,909.95 crore from promoters Omega Telecom Holdings Private and Usha Martin Telematics via preferential allotment.

Emami rebrands Fair & Handsome in growth push

TWENTY YEARS AFTER launching the country's first men's fairness cream brand Fair & Handsome, consumer goods company Emami on Thursday said it was relaunching the product as Smart & Handsome to reflect changing needs.

Jupiter Intl to invest ₹6.5K cr on capacity expansion

JUPITER INTERNATIONAL, a manufacturer of photovoltaic solar cells and provider of solar power solutions, on Thursday said it will be investing ₹6,500 crore over the next three years in a bid to become a fully integrated solar manufacturer.

Legal action likely against Zomato, Swiggy for private labelling items

THE NATIONAL RESTAURANT Association of India (NRAI) on Thursday said it may take legal action against Zomato and Swiggy for private labelling of food items and selling them through their quick food delivery applications.

Instamart to get standalone app after launch of Snacc

FOOD DELIVERY PLATFORM This move closely follows the launch of its separate app Snacc for quick food delivery, marking a shift towards a multi-app strategy similar to competitors like Zomato and Zepto.

Tech firms urge equitable allocation of 6 GHz band

WITH THE GOVERNMENT reportedly leaning towards allocating the upper portion of the critical 6 GHz spectrum band (6425-7125 MHz) exclusively for telecom operators, technology firms represented by the Broadband India Forum (BIF) have raised concerns about a potentially skewed approach.

TCS Headcount Dips, Attrition Rises Slightly

IT giant on track to hire 40K this fiscal

Diaspora Has Become More Important: Jaishankar

EXTERNAL AFFAIRS MINISTER S Jaishankar on Thursday said the diaspora has become more important with each passing year as India strives to build a \"global workforce\".

BSP spends ₹3.92 cr in Maha polls, rival SP ₹1.25 crore

The Bahujan Samaj Party spent as much as Rs 3.92 crore during the recently concluded Maharashtra Assembly elections including Rs 2.17 crore on the party's propaganda for its candidates.

UCC to be implemented in Uttarakhand in January, says CM

UTTARAKHAND CHIEF MINISTER Pushkar Singh Dhami on Thursday highlighted the various initiatives undertaken in the state, reaffirming the implementation of the Uniform Civil Code (UCC) in the 'Devbhoomi' this month.

CBI Books Chidambaram's Son in Fresh Corruption Case

The CBI has registered a fresh case of corruption against former finance minister P Chidambaram's son and Congress MP, Karti Chidambaram, for allegedly giving relief to alcoholic beverage company Diageo Scotland over a ban on the duty-free sale of its whisky, officials said on Thursday.

Future not in war, but in Buddha, says Modi

Asserting that the world today listens to India, Prime Minister Narendra Modi on Thursday said due to the country's heritage, it is able to tell the international community that the future does not lie in 'Yudh' (war) but in 'Budh' (Buddha).

NCLT strengthening tops MCA wish list

EVEN THOUGH THE government has just appointed 24 members to the National Company Law Tribunal (NCLT) ahead of the Union Budget, the ministry of corporate affairs has sought significantly higher allocation of resources for the strengthening of NCLT and NCLAT (National Company Law Appellate Tribunal) infrastructure as part of its Budget proposals.

Double counting of SEZ transactions inflated gold import data

A NEW MECHANISM to make recording of export-import data more efficient led to the double counting of some of the gold that entered the country via special economic zones (SEZs), resulting in hugely inflated numbers for the month of November.

BP Partnership to Raise ONGC Revenue by $10.3 Billion

STATE-OWNED OIL AND Natural Gas Corporation (ONGC) expects a $10.3 billion revenue boost from increased oil and gas production in the Mumbai High field in partnership with the UK's BP.

GAIL Increases Domestic Gas Allocation to IGL by 31%

STATE-OWNED GAIL INDIA has increased domestic gas allocation to Indraprastha Gas Ltd (IGL) by 31% with effect from January 16, increasing the share of domestic gas in the company's CNG (compressed natural gas) segment to 51% from 37% earlier, the company said on Thursday.

Credit guarantee scheme for MSMEs soon: Official

FINANCIAL SERVICES SECRETARY M Nagaraju on Thursday said the government would soon launch a new credit guarantee scheme for the MSME sector covering loans up to ₹100 crore.

Rooftop solar scheme & power infra likely to get Budget push

EXTENSION OF THE production-linked incentive (PLI) scheme to the solar energy value chain, increased allocation towards PM Surya Ghar Muft Bijli Yojana, and a greater thrust on the distribution and transmission infrastructure are likely to be the key features of the upcoming Budget, as far as the energy sector is concerned.

‘Organic item exports can be trebled in 3 yrs'

INDIA'S EXPORTS OF organic products can grow more than threefold in the next three years to ₹20,000 crore, commerce and industry minister Piyush Goyal said on Thursday.

Adani Group to Offload 20% Stake in Wilmar

FMCG player Adani Wilmar will see one of its promoter Adani Commodities LLP offload up to 20% stake in the company through an offer for sale (OFS), which will open on Friday.

L&T chief for all work, no play; gets netizens all worked up

Work 90 hours a week, even on Sundays: Subrahmanyan

Data-driven Malhotra seeks to improve RBI forecasting

NEW RESERVE BANK of India (RBI) governor Sanjay Malhotra has initiated a review of the central bank's inflation and growth forecasting tools to minimise projection errors, four sources said.

TCS Kicks Off Q3 With Missed Estimates

Underlines caution among global clients

Simplified income tax law in Budget session likely

THE MUCH-AWAITED REVAMPED Income-Tax Act, which will be far simpler and more unambiguous than the current one, may be tabled in the Budget session of Parliament, with finance minister Nirmala Sitharaman piloting it in her Budget speech.

Trump comeback: Honda to go slow on new EVs

HONDA MOTOR WILL be cautious about starting production of new electric vehicles due to uncertainty about US President-elect Donald Trump's industrial policy, a senior executive of the Japanese automaker said on Tuesday.