CATEGORIES

Sensex, Nifty close with marginal gains

Benchmark equity indices Sensex and Nifty closed higher in restricted trade on Wednesday as investors awaited key US inflation data for further cues.

SIP net additions fell to six-month low in Nov

Experts cite festival holidays and wedding season as reason for dip

Stable govt, GDP growth to help India attract foreign investors

India is drawing global attention from investors due to its stable government, robust legal system, and fast-paced economic growth, tells STEPHEN DAINTON, president of Barclays Bank PLC and head of Investment Bank Management, in an interview with Dev Chatterjee and Jaden Mathew Paul at Barclays' new office in Mumbai. With over 30 years of experience in global markets, including trading, sales, and capital markets, Dainton also talks about how the markets are responding to the geopolitical events globally. Edited excerpts:

Unintended legacies of the Green Revolution

The Green Revolution is coming back to bite us in ways that policymakers then could not have bargained for.

Growth vs inflation: Walking the razor's edge

Despite the growth slowdown, a rate cut-cycle is unlikely to start anytime soon

Indigestible truths about modern food

Chris van Tulleken's book is the outcome of an experiment in which the author is the lab rat—by choice. The London-based doctor and academic goes on an 80 per cent ultra-processed food diet for four weeks to study its effects on his state of being—on his body and mind.

Lingering debt danger

External debt levels are dangerously high globally

Speed and scale

T+0 will help retail investors

GM calls it quits on Mary Barra's $50 billion Cruise robotaxi dream

General Motors Co Chief Executive Officer Mary Barra, clad in her signature leather jacket and masked up pandemic style, climbed into a Cruise robotaxi named Tostada for her first autonomous ride almost three years ago.

Google asks US trade commission to break up Microsoft-OpenAI

Google has asked the US government to break up Microsoft's exclusive agreement to host OpenAI's technology on its cloud servers, the Information reported on Tuesday.

US inflation edges higher to 2.7% in November

Sequentially, it was up 0.3%, the largest gain in 7 months

Syria's interim PM pledges to rebuild amid cash crunch

New admin to punish those who tortured detainees

Sustainability-linked bonds face 'slow demise'

Firms and govt bodies have raised $37.6 billion via SLBs in '24, about 46% lower than '23; US has had no deals so far

Plans to save ₹1 trn with solar power

Bolstering the clean energy roadmap, Uttar Pradesh plans to save an estimated ₹1 trillion in conventional energy costs by integrating solar power in over 33,000 projects across the state through the flagship Jal Jeevan Mission.

Policy targets ₹1.5 trn goods exports by 2029

vThe Rajasthan Export Promotion Policy aims to increase goods exports to ₹1.5 trillion by 2029, an official of the state industries department has said.

‘Indebted’: Mamata on backing for INDIA leadership

West Bengal Chief Minister Mamata Banerjee on Wednesday thanked several senior leaders of the INDIA bloc for backing her as the leader of the non-BJP coalition.

Farm profitability may be higher this kharif season

Overall profitability in the agriculture sector is expected to be marginally higher at the pan-India level in the 2024-25 kharif season, driven largely by higher production and low input cost, but offset by the declining price of some produce, according to a report released by Motilal Oswal Financial Services Ltd on Wednesday.

Vaishnaw: Open to idea of new law for AI regulation

Says the govt believes in 'democratising technology'

Credit card delinquencies rose in June: CRIF report

Delinquencies in the credit card segment rose across all days past due (DPD) bands in June 2024 from the year-ago period, even as the rate of growth of new card issuances and credit card balances dropped, credit bureau CRIF Highmark said in a report on Wednesday.

Banks compliant with new norms

Large commercial banks in the country are compliant with new Telecom Regulatory Authority of India (Trai) norms on message traceability, which came into effect from December 11, bankers aware of the development said.

No disruptions as 90% biz register

There has been \"minimal rejection\" of text messages, and no disruptions in users receiving important commercial communication on the first day of the new national traceability mandate, Telecom Regulatory Authority of India (Trai) officials said on Wednesday.

1-year extension for IT hardware import system

Govt to monitor local manufacturing under PLI before imposing any import restrictions

Centre ramps up enrolment of 70+ in Ayushman Bharat

BJP also stepping in to help as only 4% of beneficiaries have been onboarded in over a month after scheme was launched

CCI chief: Ex-ante rules kept in mind startup ecosystem

At the time of framing ex-ante (preventative) regulations for digital markets, the government was very conscious of the fact that India is a hub of innovation and entrepreneurship with a large number of startups, unlike the EU, CCI Chairperson Ravneet Kaur (pictured) said on Wednesday.

Regulators should be more accountable, transparent: CEA

Calling for more information-sharing by regulators, Chief Economic Advisor (CEA) V Anantha Nageswaran (pictured) said on Wednesday that the principles of transparency and social costs and benefits applied to regulated entities should also apply to the regulators themselves.

ADB cuts India growth forecast for FY25 to 6.5%

Also revises downwards outlook for the next financial year to 7%

'Pressure' from India Inc to raise duties: Industry secy

Says it wants to remain protected from foreign competition

'Baseless': FM on Rahul's allegations on PSB employees

Union Finance Minister Nirmala Sitharaman on Wednesday dubbed Congress leader Rahul Gandhi's allegation that state-run banks have been turned into private financiers of the rich as \"baseless\", while asserting that public sector banks have seen a remarkable turnaround under the NDA regime, which has benefitted everyone.

ReNew Energy to be taken private in $2.8 bn deal

Gurgaon-based ReNew Energy, which got listed on Nasdaq, will start the process of delisting as leading global financiers place a non-binding offer for buying out the company's shares.

Shriram Finance completes sale of housing finance arm

Shriram Finance, the flagship company of the Shriram Group, on Wednesday announced the successful completion of the sale of its entire stake of 84.44 per cent in its housing finance subsidiary Shriram Housing Finance Limited (SHFL) to Warburg Pincus, a leading global growth investor firm for a sale consideration of ₹3,929 crore.