CATEGORIES

Hindenburg downs shutters

Founded in 2017, Hindenburg Research, which said it specialises in forensic financial research, had made a series of allegations of stock manipulation and accounting frauds against Adani Group, just days ahead of a $2.5-billion share offering by Adani Enterprises.

A first: ISRO docks 2 satellites in space

BECOMES 4TH NATION TO ACHIEVE THE FEAT

When Brad Jacobs talks, investors should listen

More than two years ago, billionaire Brad Jacobs announced plans to start a new roll-up venture after a move in 2022 to break into three parts XPO, the logistics company that he built through acquisitions to reach as much as $17 billion in sales from $160 million in a little more than a decade.

Ficci Lowers FY25 Growth Forecast to 6.4%

INDUSTRY BODY FICCI on Thursday lowered India's growth projection for the current financial year to 6.4% from 7% estimated earlier.

Amazon to acquire BNPL startup Axio

E-COMMERCE GIANT AMAZON is set to acquire Indian startup Axio, an online lending platform offering point-of-sale financing.

Delivery dilemma

Why criticism against q-comm practices is growing

Reliance Retail profit surges 10% in Q3 on festive rush

Gross revenue tops ₹90K cr; FMCG biz touches ₹8K cr in 1st nine months of FY25

From mud to the mat

The Kho Kho Federation is sparing no effort to put the sport on the map

Nate Anderson: The self-proclaimed messiah

The decision to disband now is curious. Anderson's reply, \"There is not one specific thing—no particular threat, no health issue, and no big personal issue.\"

RBI Receives Bids Worth ₹30,760 Cr in VRR Auction

● Primary dealers emerged as main participants

Goldman Sachs profit soars on trading boost

GOLDMAN SACHS POSTED its biggest profit since the third quarter of 2021 to beat Wall Street expectations, driven by bankers who brought in more fees from dealmaking, debt sales and strength in trading.

Mandi Prices of Soybean Below MSP

Despite the government purchasing a record 1.3 million tonne (MT) of soybean from farmers in key producing states at the minimum support price (MSP), its mandi prices continue to rule below the benchmark.

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.

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%.

'Tackle local issues with local insights'

Advances in AI have surged over the past two years. But amid the hype lies a crucial question: how can businesses use AI systems to sift through large datasets and optimise energy usage, reducing waste as a result?

Aditya Birla Fashion to raise ₹4,300 cr via pref issue, QIP

AHEAD OF THE PROPOSED VERTICAL DEMERGER BY FY25 END

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.

Meta Apologises for CEO's Remark on India Elections

META INDIA ON Wednesday apologised for CEO Mark Zuckerberg's recent remarks that the incumbent government lost power in the 2024 elections.

UK inflation cools to 2.5%, misses estimate

INFLATION IN THE UK unexpectedly fell in December, a move that will likely fuel pressure on the Bank of England to cut interest rates again next month.

'FPOs doing well need support to scale up'

Diversified conglomerates ITC, one of the largest private procurers and processors of agricultural commodities in the country, purchases around 3 million tonne of grains, pulses, oilseeds and other commodities from farmers annually.

CEA Among Candidates for Post of RBI Dy Guv

PATRA WAS IN charge of the crucial monetary policy department; on Tuesday, deputy governor M Rajeshwar Rao was given the temporary charge of the department.

AI to power 40% of utility control rooms, says Gartner

Surpass global average of 75%

DPIIT & ITC Join Hands to Help Manufacturing Sector Startups

The Department for Promotion of Industry and Internal Trade (DPIIT) has entered into a partnership with cigarettes-to-consumer goods conglomerate ITC to help startups in the manufacturing sector, according to a statement.

Shoppers Stop looks at around 15 store additions in FY26

DEPARTMENT STORE CHAIN Shoppers Stop on Wednesday said that it was at the end of its store closure cycle that had been initiated over the last few months to improve profitability.

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.

Higher Capex, Incentives for Manufacturing

Key Expectations of Manufacturing Sector from Union Budget 2025

Indices gain for second day amid firm global cues

THE BENCHMARK INDICES inched higher on Wednesday, led by energy and information technology stocks, although worries over slowing earnings and caution ahead of key US inflation data capped gains.

Ensuing liquidity boost pushes major funds to ramp up positions

MAJOR FIXED-INCOME FUNDS are ramping up positions as they prepare for the Reserve Bank of India to start easing monetary policy this year.

HDFC Life Q3 profit climbs 15%

HDFC LIFE INSURANCE on Wednesday reported a 15% year-on-year rise in its standalone net profit for the third quarter at ₹414.94 crore.

ShareChat to trim workforce by 5%

UNEASY FEBRUARY