CATEGORIES

Ujjivan SFB Q3 profit slumps 64% to ₹109 cr

UJJIVAN SMALL FINANCE Bank on Thursday reported a 64% decline in its net profit to ₹109 crore for the third quarter amid a spike in bad loan provisions and higher interest expenses.

HUL to give beauty business a glow-up with new strategy

THE COUNTRY'S LARGEST consumer goods company, Hindustan Unilever (HUL), has put in place a four-pronged strategy to grow its beauty and wellbeing business, created in April last year.

Kotak Bank Acquires StanChart's ₹3,330-Cr Personal Loan Portfolio

KOTAK MAHINDRA BANK on Thursday said it has completed the acquisition of the ₹3,300-crore personal loan book of Standard Chartered Bank India following regulatory approvals.

Maruti Suzuki cars to cost more from Feb 1

MARUTI SUZUKI INDIA on Thursday said it will hike prices by up to ₹32,500 across various models from February 1 to partially offset the rise in input costs.

LNG imports to fall in 2025 as demand moderates: IEA

INDIA'S IMPORT OF LNG (liquified natural gas) is expected to decline in 2025 on the back of moderating demand and continued competition for LNG cargoes internationally, as per the International Energy Agency.

Call Grows for Action on AI, Reforms

LEADERS FROM VARIOUS countries called for action on artificial intelligence and reforms at the WEF meeting.

Cloud, GCCs key digital economy drivers: MeitY report

THE CLOUD MARKET and global capability centres (GCCs) are among the fast-growing segments of India's digital economy which is expected to drive a fifth of national GDP by 2030, a report by MeitY has said.

After NSA, foreign secretary to visit China on January 26-27

MOVING TO RESUME bilateral engagements after the disengagement at the India-China border, foreign secretary Vikram Misri will travel to Beijing on January 26-27 for a meeting of the \"foreign secretary-vice minister mechanism between India and China\".

Musk, Altman spar over $100-bn AI venture hyped by Prez Trump

ELON MUSK OPENLY questioned whether companies that joined President Donald Trump's announcement promising hundreds of billions of dollars in artificial intelligence infrastructure could follow through on their promises, exposing an early internal rift within the White House.

West Asia and North Africa Top Market for Engineering Exports

WEST ASIA AND North Africa (WANA) emerged as the biggest buyer of engineering products from India for the first time ever in December, pushing North America to the second slot, the commerce ministry data showed.

Small tea growers for curbs on substandard imports

SMALL TEA GROWERS (STGs) have urged the Union commerce ministry to take steps to curb import of substandard crop from countries like Kenya and Nepal and protect the domestic industry.

Economic fragmentation: Global GDP could drop by up to $5.7 trn

GROWING GEO-ECONOMIC FRAGMENTATION can decrease global GDP by up to $5.7 trillion, giving it a bigger blow than the financial crisis of 2008 or the Covid pandemic, the Navigating Global Financial System Fragmentation report showed on Thursday.

$100-bn court challenge for Goldman and friends

Banks are used to fending off litigation. Goldman Sachs Group's most recent annual report includes 14 pages of fine print detailing all the proceedings it faces. But the defendant has turned plaintiff.

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Rising competition from global banks may lower pricing on loans: Barclays

A RENEWED PUSH by Japan's major banks and other global lenders in India is driving down loan prices with the new players having more appetite for riskier credit, according to the country head for Barclays Plc.

57% Taxpayers Seek I-T Rate Cuts

Around 57% of the taxpayers in a recent survey want lower tax rates and higher exemptions in the coming Budget.

AI, Gen AI, & ML models power wealthtech platforms

THE WEALTH MANAGEMENT landscape is undergoing a change as wealthtech startups leverage cutting-edge technologies such as artificial intelligence (AI), machine learning (ML), and generative AI (GenAI).

On new Isro chief's table: 100th launch

AFTER THE HISTORIC space docking experiment, the Indian Space Research Organisation (Isro) is getting ready for another milestone, its 100th launch, that is set to happen at the end of the month.

Gaza ceasefire puts Netanyahu in tough spot

Even before it was signed, the Gaza ceasefire forced Israeli Prime Minister Benjamin Netanyahu into a tight spot - between a new US president promising peace and far-right allies who want war to resume.

Indus Towers to foray into EV charging infrastructure

Indus Towers has launched pilot electric-vehicle charging stations at two locations, it said on Thursday, amid the country's growing push to adopt the environmentally cleaner models.

Now, Equities Need Domestic Investors More Than Ever

THE EQUITY MARKET'S reliance on domestic investors has never been greater as unabated foreign fund selling and rising global volatility dent the appeal of local shares.

Rupee falls 13 paise tracking Asian peers, dollar demand

THE RUPEE ENDED 13 paise down against the dollar to 86.46 on Thursday due to a decline in the most regional currencies and demand for dollars from foreign banks, said forex traders.

80% firms struggle to find talent: Survey

DESPITE A STRONG global hiring outlook, Indian employers are expecting a cautious first quarter of 2025 due to ongoing talent shortages, according to the ManpowerGroup Talent Shortage Survey.

Package likely to ramp up pulses & oilseeds output

Govt keen to rein in imports of these items by boosting domestic production

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New probe ordered into Foxconn hiring

THE COUNTRY'S POWERFUL human rights watchdog has admonished labour officials for failure to adequately investigate evidence of employment discrimination at Foxconn, which makes Apple iPhones, and told them to re-examine the matter, documents show.

Real Madrid Is First Club To Top $1-Bn Revenue

REAL MADRID BECAME the first soccer team to register one billion euros ($1.04 billion) in revenue in a single season in 2023-24, with the Spanish side topping the Deloitte Football Money League as the world's highest revenue-generating club once again.

This Chinese AI startup is taking on Silicon Valley giants

THE DAY AFTER Christmas, a small Chinese start-up called DeepSeek unveiled a new AI system that could match the capabilities of cutting-edge chatbots from companies like OpenAI and Google.

Oil buyers pull all levers to replace Russian imports

OIL REFINERS ARE reaching for all available options in the rush to make up for Russian flows hit by Washington's latest round of sanctions, turning to the spot market while simultaneously seeking more long-term supplies from West Asian producers.

Luxury car sales facing China hurdle: Tatas

JAGUAR LAND ROVER's owner, Tata Motors, said profitability is being hurt by economic challenges in China, a market where weak demand and consumer preference for electric vehicles is curbing sales of traditional top-end cars.

Infra.Market Raises $126 Million

CONSTRUCTION MATERIALS SOLUTIONS firm Infra.Market has successfully raised approximately $120 million (₹1,050 crore) in its pre-IPO funding round, according to sources aware of the matter.