CATEGORIES

UK insurer Aviva to shed up to 2,300 jobs in $4.65-billion deal

COMBINED COMPANY WILL SHED BETWEEN 5-7% OF ITS TOTAL WORKFORCE

Now, Musk wants you to pay 'X-tra' as premium plans

ELON MUSK-OWNED social platform X has increased the price of its premium-plus plan in several markets starting December 21, as the company aims to boost creator payments.

US launches new probe into legacy Chinese chips

THE BIDEN ADMINISTRATION announced on Monday a last-minute trade investigation into older Chinese-made \"legacy\" semiconductors that could heap more U.S. tariffs on chips from China that power everyday goods from autos to washing machines to telecoms gear.

Noel Tata: From shadows to spotlight

THE NEW CHAIRMAN of Tata Trusts, however, has done enough to remove the earlier perception of \"lack of exposure\".

Emami: Operating margins to improve

Bolt-on acquisitions to drive double-digit revenue growth

Govt schools can fail class 5, 8; no-detention policy ends

THE CENTRE HAS scrapped the no-detention policy in schools governed by it, including Kendriya Vidyalayas and Jawahar Navodaya Vidyalayas, allowing students of Classes 5 and 8 to be held back from the ongoing academic session.

Siemens: Weak outlook on HVDC, Railways

AT ITS Q4FY24 EARNINGS call, Siemens sought to tamper expectations on several fronts: (i) delays in large high voltage direct current (HVDC) orders, as India's preference for line-commutated converter (LCC) technology contrasts with Siemens' global focus on voltage source converter (VSC) technology; (ii) sluggish momentum in railway orders for locomotives and trainsets, with a potential higher allocation to Indian Railways factories; and (iii) muted performance in the LV business (smart infrastructure, including discoms capex and private capex in digital infrastructure).

Awfis Space Solutions: Sustained growth outlook

35% CAGR in seat additions during FY24-27 projected

Merge to survive

Electric mobility is disrupting the global auto industry, forcing alliances and consolidation

Struggles with a consumer society

TIGHTENING GOVERNMENT CONTROL ON CHINESE SOCIETY IS AT ODDS WITH ITS GOAL OF RAISING CONSUMPTION

The conundrum of repo rate arguments

Monetary policy always triggers debate as theoretical arguments on both sides: repo rate induces investment or repo rate lowers inflation are equally strong

Burman family gets Sebi nod for Religare open offer

THE BURMAN FAMILY'S open offer to acquire an additional 26% stake in Religare Enterprises has received an approval from the Securities and Exchange Board of India (Sebi), according to a report.

HUDCO, PGCIL raise 10-yr bonds at 7.12%

HOUSING AND URBAN Development Corporation (HUDCO) and Power Grid Corporation (PGCIL) have raised funds from the domestic debt capital market. Both the companies issued 10-year bonds at a coupon rate of 7.12%.

Non-life insurance claims ratio dips to 83%

NET INCURRED CLAIMS to net earned premium (claims ratio) of the non-life insurance industry stood at 82.52% during 2023-24, compared with 82.95% in the preceding fiscal, according to the Irdai's annual report.

Rupee closes at its lifetime low of 85.12

Weak yuan, demand for dollar keep the currency under pressure

Kalyani Investment pays ₹1.12 crore to settle case with Sebi

KALYANI INVESTMENT, ONE of the promoter group entities of Bharat Forge, has settled a case with Sebi about the alleged violation of disclosure norms after paying ₹1.12 crore towards the settlement fee.

Banks lobby RBI for new swaps market benchmark

A GROUP OF banks has asked the Reserve Bank of India to approve a new benchmark for overnight indexed swaps, according to people familiar with the matter.

Sebi suspends trading in Bharat Global on financial irregularities

SEBI ON MONDAY suspended trading in Bharat Global Developers for alleged financial misrepresentation, misleading disclosures, price manipulation and offloading shares at inflated prices.

Telcos told to offer separate voice, SMS recharge plans

THE TELECOM REGULATORY Authority of India (Trai) on Monday mandated telecom operators to offer separate recharge plans only for voice and SMS services.

AI integration seen gaining pace in 2025, to unlock biz value: Report

THE UPCOMING YEAR will see enterprises accelerating AI integration and other advanced technologies to unlock significant business value, according to Wipro's Tech Trends for 2025 report.

OYO buys US-based G6 Hospitality in a $525-million deal

TRAVELTECH COMPANY Oyo on Monday said it has completed the acquisition of US-based G6 Hospitality from Blackstone for $525 million.

Simplilearn cuts losses by 56% to ₹107 cr in FY24

UPSKILLING PLATFORM SIMPLILEARN reduced its net losses by 56% to ₹106.7 crore in FY24 from ₹244.2 crore in FY23. Revenue from operations grew 9.6% to ₹749.77 crore in FY24 from ₹683.98 crore in FY23.

Telcos see fresh challenges from direct-to-mobile technology

TELECOM OPERATORS, REPRESENTED by the Cellular Operators Association of India (COAI), on Monday said the proposed direct-to-mobile (D2M) technology will pose new challenges.

Airtel adds users in Oct, Jio loses again

AFTER LOSING MOBILE subscribers for the three consecutive months, Bharti Airtel added 1.9 million users in October.

Air passenger traffic rises 12% in Nov

PASSENGERS CARRIED BY domestic airlines in India grew by 12% to 14.2 million in November against the same month last year, as per data supplied by the Directorate General of Civil Aviation (DGCA).

ReNew sells 300 MW solar asset in Rajasthan

RENEW ENERGY GLOBAL on Monday said it has sold its 300 MW solar project in Jaisalmer, Rajasthan, at an enterprise valuation of $176 million (nearly ₹1,500 crore) to Anzen Energy Yield Plus Trust.

Seed funding hits a 4-year low

DESPITE A MODEST recovery in startup funding this year, seed-stage investments remain in a slump, hitting their lowest since 2020.

Firms seek relief in 2025

CEOs say move to be calibrated to align with fragile demand

Zoho-backed Silectric to invest ₹3,426 cr in Karnataka

SILECTRIC SEMICONDUCTOR MANUFACTURING, a venture backed by Chennai-based Zoho Corp, will invest ₹3,425.6 crore to set up a manufacturing unit in Karnataka's electronics manufacturing cluster at Kochanahalli, Mysuru.

Realty project costs, lease rents likely to rise on GST change

THE GST Council's decision to retrospectively amend the Central Goods and Services Tax (CGST) Act to restrict input tax credit (ITC) on construction services for commercial real estate such as malls, shops, etc., for leasing could push project costs and increase rents, said experts.