CATEGORIES

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.

Pannun Plot: Panel Seeks Legal Steps Against 'Individual'

A high-powered panel set up by the Union government to examine inputs provided by the US on an alleged plot to kill Khalistan separatist Gurpatwant Singh Pannun has submitted its report and recommended \"legal action against an individual,\" the Ministry of Home Affairs (MHA) said on Wednesday.

Jio Finance in talks with lenders for maiden debt sale

JIO FINANCE, A shadow lender owned by Asia's richest businessman Mukesh Ambani, is in talks with several lenders to make its first foray into the local currency debt market, according to people familiar with the matter.

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.

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.

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.

Fivefold growth in green investments likely: Crisil

INDIA IS EXPECTED to see a fivefold growth in the investments to the green energy sector to ₹31 lakh crore between 2025 and 2030, according to Crisil.

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.

India's Largest Market for Flying Taxis, Says Sarla Aviation CEO

ELECTRIC FLYING TAXI startup Sarla Aviation, which plans to launch services in India in 2028, will initially fly between airports and commercial hubs such as IT parks in Bengaluru, one of the world's most congested cities.

Liquidity on tap via daily VRR auctions

THE RBI's CHANGE in liquidity framework comes at a time, when there is significant uncertainty about the liquidity demand in the coming weeks.

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.

Govt May Announce Old Tax Regime Phase-Out

According to the Central Board of Direct Taxes, 28% of taxpayers opted for the old tax regime in the assessment year 2024-25

ShareChat to trim workforce by 5%

SHARECHAT, A SHORT video platform owned by Bengaluru-based Mohalla Tech, is planning to trim its workforce by 5% later this month following its annual performance review.

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%.

IMD turns 150 today

PM Modi will launch 'Mission Mausam' on Tuesday to mark the 150th foundation day of IMD

Maha Kumbh: 16 mn take holy dip

THE FOG WAS thick, the cold intense and the waters freezing as the Maha Kumbh, the world's largest gathering, began on Monday with over 16.5 million people taking a dip in the Sangam in their quest for ‘moksha’ and the belief it will wash away their sins.

Pixxel to launch India's first private satellite network

PIXXEL IS SET to launch three of its six hyperspectral imaging satellites aboard a SpaceX rocket from California on Tuesday, the first such network in India's nascent private space sector, Pixxel's chief told Reuters.

PAG Buys Stakes in Manjushree, Pravesha

ASIA PACIFIC-FOCUSED PRIVATE equity firm PAG on Monday announced that it has signed a pact to acquire a stake in Manjushree Technopack, one of the country's largest rigid plastic packaging firms.

WeWork India raises ₹500 cr

CO-WORKING MAJOR WeWork India announced on Monday that it has raised ₹500 crore through a rights issue of securities.

Captain Fresh Narrows Loss, Logs Jump in FY24 Revenue

TIGER GLOBAL-BACKED B2B seafood chain Captain Fresh reduced its net loss by 22% to ₹229 crore in FY24, while growing its topline by almost 70% to ₹1,395 crore.

Dabur vs Tata in Delhi HC over chutney name

FMCG giant Dabur will respond to a notice issued by the Delhi High Court in a trademark infringement case on February 5.

Jio, Yotta, 11 others present AI compute infra plans to MeitY

HIRANANDANI-BACKED YOTTA, TATA Communications, Jio, CtrlS and E2E Networks were among 13 companies that presented their technical presentations before the ministry of electronics and information technology (MeitY) on Monday, to make available the AI compute infrastructure in the country, sources said.

Hiremath seeks a third of Kalyani family fortune

THE FAMILY FEUD between Baba Kalyani, chairman and MD of Bharat Forge, and his sister Sughandha Hiremath has taken a fresh turn with the latter filing a case in the Pune court, seeking a third of the former's family wealth.

Path cleared for Zepto to merge units

NO NEED FOR RBI APPROVAL

E-comm platforms see jump in e-scooter sales

E-COMMERCE PLATFORMS IN India are experiencing unprecedented growth in electric two-wheeler (E2W) sales, albeit from a low base, driven by an omnichannel strategy adopted by both traditional OEMs and new-age EV manufacturers.

Rupee sinks 61 paise; sharpest dip in 2 years

THE GEOPOLITICAL TENSIONS in West Asia, fresh US sanctions on Russia, and the ongoing Russia-Ukraine conflict are also contributing to the rise in Brent crude prices, which cannot be ignored, as it will impact the fiscal math for India and have impact on rupee, he added.

UP govt looks to privatize two of five power discoms

PUVVNL reported a loss of ₹6,610 crore in FY23 against a loss of ₹594 crore in FY22, as per PFC data.

IDBI Bank sale may spill over to FY26

THE REGULATORY PROCESSES would take some time, the official added.

December Retail Inflation Cools to Four-Month Low

December retail inflation dropped to a four-month low, as food inflation cooled and global commodity prices softened.

In Kashmir, Modi assures all promises will be fulfilled

PRIME MINISTER NARENDRA Modi on Monday asserted that he would keep promises he had made to the people of Jammu and Kashmir, a statement seen as an oblique reference to the demand for restoration of statehood voiced strongly by chief minister Omar Abdullah.