CATEGORIES

CBI books Karti in fresh graft 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.

India Best Placed for AI Adoption: Salesforce India CEO

INDIA'S DIGITAL MATURITY positions it better than any other country to leverage the third wave of artificial intelligence (AI) for serving millions of underserved citizens across education, healthcare, and customer service sectors, with AI-enabled workforces becoming \"limitless\" in their capability to serve customers, Salesforce India CEO and chairperson Arundhati Bhattacharya said.

Kabeer Biswas' switch awaits Dunzo board approval

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

MERCEDES BENZ, COUNTRY'S largest luxury car maker, has said one in every four cars sold by it last year was priced above ₹1.5 crore, as compared to one in five in 2023.

Double counting

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.

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.

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.

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.

Rooftop solar scheme & power infra likely to get Budget push

RUN-UP TO THE BUDGET 2025-26

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.

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.

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.

Flying taxis are on the horizon

Taking Commuting To New Heights

Bid for 2036 Olympics takes pan-India route

● Bhubaneswar, Bhopal, Pune to join Ahmedabad

Pritish Nandy dies at 73

Veteran journalist, poet and filmmaker Pritish Nandy passed away in Mumbai on Wednesday, sources close to him said.

Foxconn, Dixon Urge Govt to Pay ₹700 Cr in Pending PLI Subsidies

The government is reviewing the two requests, the people said.

Swiggy serves Snacc to take on Zomato in 15-minute delivery

This dedicated app strategy mirrors competitors like Zomato's Bistro by Blinkit and Zepto Cafe, which also operate as standalone platforms.

AI Policy to Get a Shot in the Arm

Like in other parts of the world, there are concerns that AI may reshape the Indian job market by creating new opportunities while also posing challenges such as job displacement due to automation.

India seeks NRI participation in 'Viksit Bharat'

THE 18TH PRAVASI Bharatiya Divas (PBD) convention kicked off here on Wednesday, with external affairs minister S Jaishankar calling upon NRIs and Persons of Indian Origin to actively participate in the quest for a 'viksit Bharat' (developed India).

Oil pares gains on dollar strength

OIL PRICES TRIMMED earlier gains on Wednesday as the dollar strengthened but continued to find support from a tightening of supplies from Russia and other OPEC members and a drop in US crude stocks.

Searching for global relevance

GCCs focus on skills-based hiring for growth

A power distribution poser

EACH CASE OF PRIVATISATION HAS BEEN A LESSON FOR THE NEXT

Reshaping consumer behaviour

High fintech adoption isn't just a trend but a game changer in India; three 'S's will define 2025 for the sector - security, sustainability, and scalability

Tidings for agri-budget

All eyes will be on how the govt addresses the narrative of agrarian distress

Tesla Poised for $1-bn Windfall from EU Emissions Curbs

TESLA COULD COLLECT more than €1 billion ($1 billion) in compensation from rival automakers that need help meeting tougher pollution standards in the European Union this year, UBS Group analysts said.

AI startup Anthropic to raise at $60 bn value

OPENAI RIVAL ANTHROPIC is in advanced talks to raise $2 billion in a funding round that would value the startup at $60 billion, according to two people familiar with the matter.

RBI Lifts Restrictions on Asirvad, DMI Finance

The Reserve Bank of India on Wednesday lifted supervisory restrictions on Asirvad Micro Finance and DMI Finance.

Indices Stage Smart Recovery, Defy Slowdown Concerns

The benchmark indices staged a smart recovery in the second half of the trading session on Wednesday, but ended the day with marginal losses.

Yields rise to 6.7678%

THE RUPEE FELL 14 paise, or 0.2%, to an all-time closing low of 85.86 on Wednesday as the dollar further strengthened on account of positive economic data from the US, said forex traders.

Microfinance portfolio shrinks

THE MICROFINANCE PORTFOLIO declined 4.3% to ₹4.14 lakh crore in the September quarter as microlenders turned cautious amid concerns over the deteriorating asset quality, according to a report released by credit information company Crif High Mark.