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AT 18, GUKESH CONQUERS 64 SQUARES

Indian Grandmaster D Gukesh on Thursday became the youngest world chess champion at 18 years after beating title-holder Ding Liren in the last game of a nerve-wracking showdown to herald a new era of dominance for the country's chess players.

SPANNER IN THE WORKS

Manufacturing firms see a sharp decline in operating profit, negative growth for second quarter in a row

REDUCING HOME LOAN BURDEN If credit profile has improved, try switching to lower-cost loan

Home loan borrowers' wait for interest rate cuts to begin continues with the Reserve Bank of India's (RBI) monetary policy committee keeping the repo rate unchanged after its December 4-6 review.

With PSBs on the ladder in '24, eyes on next rung

Rally may have legs until early 2025

Sentiment to stay weak as life insurers await tax clarity

Life insurance activity was soft in November 2024. Individual annual premium equivalent (APE) grew 7 per cent year-on-year (Y-o-Y) (two-year CAGR: 1 per cent) at industry level. New surrender value guidelines were applicable from October 2024.

MobiKwik booked 20.37x, Vishal Mega Mart sails through on Day 2

The initial public offering (IPO) of fintech firm MobiKwik received 20.37 times subscription on the second day of bidding on Thursday, driven by heavy participation from retail and non-institutional investors.

'Sebi trying to reduce float to transparency' cut risk, bring

Cash equivalent collateral of over ₹4.5 trillion is placed with stock brokers, custodians, clearing corporations, and other market intermediaries as float, which the market regulator is trying to reduce to mitigate risk and bring transparency, Ananth Narayan (pictured), wholetime member (WTM) of the Securities and Exchange Board of India (Sebi), said on Thursday.

BlueStone Jewellery files draft papers with mkt regulator

BlueStone Jewellery and Lifestyle, which offers contemporary lifestyle diamond, gold, platinum, and studded jewellery under its flagship brand BlueStone has filed draft papers with markets regulator Sebi to raise funds through an initial public offering (IPO).

Mid, smallcaps stage a stellar comeback in Dec

The month of December has been good for the domestic equity market so far.

Sebi may tighten SME IPO rules

Market regulator's Dec 18 board meeting also likely to decide on widening UPSI definition

MFS GO BIG ON FRESH ISSUANCES IN NOV

Fresh issuances in the equity market cornered the bulk of the mutual fund's (MF) equity investments in November.

Clearing the way for air taxis

Prime Minister Narendra Modi's recent declaration that air taxis will soon become a reality in India signals the advent of second-generation reforms in the drone ecosystem.

The man who will shape 2025

Trump's views on tariffs and trade reflect a majority perspective in the US that the world will need to adapt to

Xi Jinping's Marxist nationalism

In the last few years, there have been multiple attempts by scholars to understand and analyze the thoughts of Xi Jinping. This is because as General Secretary of the Communist Party of China (CPC) and President of the People's Republic of China (PRC), he has managed to change the discourse on China's domestic and foreign policy.

Demand-supply mismatch

Affordable housing shortage must be addressed

Marketing reforms

India's agri-marketing system needs an upgrade

US colleges tell foreign students to get to campus before Trump takes office

With students at many colleges wrapping up final exams this week and preparing for their winter break, a number of schools, including Harvard, USC and Cornell, are advising their international students to return to campus before President-elect Donald J. Trump is inaugurated on January 20.

Trump invites Xi for inauguration ceremony

Invitation signals effort by US prez-electto court his counterpart

Liberty's $3.8 bn MotoGP deal faces EU probe

Formula 1 owner Liberty Media's $3.8 billion plan to buy motorcycle racing league MotoGP World Championship is set to be hit by an in-depth European Union probe, in the first escalation of a big merger case by new antitrust chief Teresa Ribera.

South Korean Prez Yoon vows to 'fight to the end'

Opposition files second motion to impeach Yoon

Gaza truce deal in works as US envoy holds crucial talks

Sullivan meets Netanyahu before heading to Egypt, Qatar

Delhi now 13th state to roll out monthly allowance for women

Aam Aadmi Party (AAP) chief Arvind Kejriwal on Thursday announced the launch of the Mukhya Mantri Mahila Samman Yojana under which a monthly assistance of ₹1,000 will be given to eligible women of Delhi.

No fresh pleas to reclaim religious places: SC to courts

In an important development, the Supreme Court (SC) on Thursday restrained till further directions the courts in the country from entertaining fresh lawsuits and passing any effective interim or final orders in pending ones seeking to reclaim religious places, especially mosques and dargahs (a Muslim shrine).

Govt seeks Parliament approval for ₹88K cr additional spend

The Union finance ministry on Thursday sought the approval of Parliament for a gross additional expenditure of around ₹87,762 crore involving a net cash outgo of ₹44,123 crore through the first Supplementary Demands for Grants.

Cabinet clears Bills for simultaneous elections

Almost three months after the Union Cabinet accepted the recommendations of the former President Ram Nath Kovind-headed high-level committee on \"One Nation One Election (ONOE)\", it approved two Bills on Thursday.

Rupee hits fresh intraday low of 84.88 a dollar

The rupee depreciated to a new low of 84.88 per dollar on Thursday due to selling in domestic equities and a rise in crude oil prices, according to dealers.

Lenders may securitise loans over ₹60K cr in Q3

With challenging liquidity conditions, banks and finance companies are getting to securitise-pass through certificates (PTCs) and direct assignment (DA) loans worth over 60,000 crore in the third quarter of the current financial year ending December 2024 (Q3FY25), to generate resources for deployment in lending.

India must address challenges to unlock its FDI potential

With concerns about slowing economic growth and declining foreign direct investment (FDI) inflows, SANJAY NAYAR, former head of India for KKR & Co and Citigroup, and now the founder of venture capital fund Sorin Investments and president of Assocham, shares his strategy for putting India back on the path to long-term growth with Surajeet Das Gupta in New Delhi. Edited excerpts:

Irdai may limit insurance firms' overdependence on parent banks

Regulator proposes channel diversification to protect customers from forced policy sales

NITI paper: Improved sanitation reduces child malnutrition

A working paper by NITI Aayog has argued that improved sanitation, either through private or shared sources, reduces child malnutrition, which in turn reduces child mortality across states.