CATEGORIES

Govt launches AI tools to boost consumer safety

Food and Consumer Affairs Minister Pralhad Joshi on Tuesday launched several initiatives to strengthen consumer protection, including artificial intelligence (AI)-enabled helpline and tools to detect deceptive marketing practices, while major e-commerce players pledged to enhance online shopping safety.

Wheat acreage raises hopes of regular harvest

The area covered under wheat has matched the normal acreage of the past five years during the week ending December 20.

Net sold $9.2 bn, highest since Sep 2022

The Reserve Bank of India (RBI) net sold $9.2 billion in October, highest monthly sale since September 2022, more than two years, when the RBI had net sold $10.3 billion worth of the greenback.

Increase in rupee volatility shows little signs of abating

The expected volatility of the rupee, which had spiked this month, shows little signs of abating even as the currency hits new all-time lows.

Rupee touches new low for 6th session in a row

LIQUIDITY DEFICIT WIDENS TO 7-MTH HIGH

Automobile sales losing pace

Just two years ago, automobiles were one of the better-performing sectors, having quickly got back on its feet after the pandemic to post record sales.

Greaves Electric Mobility files IPO papers to raise ₹1,000 cr

Greaves Electric Mobility Limited (GEML), the electric-vehicle (EV) maker behind brands like Ampere, Eltra, and Ele, has filed its draft red herring prospectus with the Securities and Exchange Board of India to raise ₹1,000 crore through an initial public offering (IPO).

E-pharmacy to reduce operating losses in FY26

India's online pharmacy sector is on track to reduce operating losses to below 10 per cent in the next financial year (FY26), a sharp improvement from over 30 per cent in FY23, rating agency CRISIL said.

Action likely against AbbVie exec who vowed to follow rules

American drug major AbbVie Healthcare's Indian arm, which is under the scanner for sponsoring foreign trips of 30 doctors in violation of the Uniform Code for Pharmaceutical Marketing Practices (UCPMP) rules, may be in for more trouble as the government is mulling taking action against the company executive who signed the self-declaration to abide by the rules, government sources said.

DGCA slaps ₹10 lakh fine on Akasa Air

The Directorate General of Civil Aviation (DGCA) has fined Akasa Air ₹10 lakh for denying boarding to seven passengers on its Bengaluru-Pune flight on September 6 and failing to provide the mandatory compensation.

V2 set to see ₹1.8K cr revenue in FY25

Delhi-based consumer retail brand V2 Retail is focusing on enhancing customer experience and expanding product ranges to drive long-term growth.

NFRA imposes ₹2 crore fine on Deloitte over ZEEL audit

Also penalises two CAs with ₹15 lakh for professional misconduct

FINTECH LENDING UP 21.3% IN H1FY25, VALUE JUMPS 40%

The volume of loan disbursals by FACE member companies rose 21.3 per cent to 56.4 million loans in the first half of FY25 (H1FY25), up from 46.5 million in H1FY24, data shows.

When Zoho CEO Wanted to Hire Trump's New AI Advisor

When Sriram Krishnan was studying at SRM Engineering College in Chennai during 2001-05, Sridhar Vembu, founder of tech firm Zoho Corporation, came across his blog.

Impact of July's tariff hike by telcos almost over: Analysts

The impact of subscriber churn and SIM consolidation following the broad-based tariff hike by private telecom players in July may be over, and the market has largely absorbed the price hike, analysts said on Tuesday.

Dabur moves HC to stop Patanjali's 'disparaging' ad

Leading consumer goods firm Dabur on Tuesday filed a petition in the Delhi High Court against rival Patanjali Ayurved, seeking to restrain it from running 'disparaging' advertisements against its chyawanprash products, according to a report from Bar and Bench.

Realty lays bricks for growth

2024 a mixed bag for real estate, but experts see slew of launches in coming year

BPCL okays ₹95K cr refinery in Andhra

The State-run Bharat Petroleum Corporation Ltd (BPCL) board on Tuesday cleared the decks to kick off pre-project activities for its plans to set up a ₹95,000-crore greenfield refinery at Ramayapatnam in Nellore district of Andhra Pradesh, with a capacity of 9 MTPA.

How India, the 'bright spot', can continue to shine

Over the past 25 years, India has risen up the pecking order to become the world's fastest growing major economy. The third part of the series looks at the areas it needs to focus on to realise its $5 trillion ambition and be counted among the top three economies

Fundamental change in mindset can help achieve Viksit Bharat: PM

Ahead of the presentation of the Budget for the next financial year (FY26), Prime Minister Narendra Modi on Tuesday interacted with a group of economists on the theme \"Maintaining India's growth momentum at a time of global uncertainty\".

FIEO bets on 5 sectors to drive exports to US under Trump

The Federation of Indian Export Organisations (FIEO), the apex body for exporters, is formulating a strategy for five key sectors to boost exports to the United States (US), as President-elect Donald Trump has threatened to impose high tariffs on Chinese goods.

NSO REPORT ON UNINCORPORATED SECTOR Fresh job creation slows in 2023-24

Fresh employment generation in the unincorporated sector slowed in the October 2023-September 2024 period, with additional job creation dipping to 10.97 million during this interval as compared to the equivalent figure of 11.74 million in October 2022-September 2023.

RBI report sees signs of economic recovery in Q3

Cites strong festival season, rural demand pickup; FPI flows positive

Pioneer of parallel cinema dies at 90

Veteran filmmaker Shyam Benegal, who heralded the Indian parallel cinema movement in the 1970s and 1980s with films such as Ankur, Nishant and Manthan, died on Monday, his daughter Pia said. He was 90.

How tech is changing the landscape of elder care

The concluding part of the silver economy series looks at innovative apps and wearables that are empowering seniors and their families

ALGO RHYTHM AND BLUES

Can Sebi's draft rules on algorithm-based trading level the playing field between institutional and non-institutional investors?

AVOIDING MIS-SELLING BY MF DISTRIBUTORS Say no to NFOs, buy direct plans and seek advice from Sebi RIAs

The Securities and Exchange Board of India (Sebi) has implemented a new rule to curb unnecessary portfolio churn by distributors, usually done during the launch of new fund offers (NFOs) to pocket higher commissions.

Amber Enterprises posts sharpest rise in 2 mths

13% gains driven by block deal in which 1% equity changed hands

NEW LISTINGS ADD 3% TO INDIA'S MCAP IN 2024

New listings through initial public offerings (IPOs) in 2024 contributed nearly 3 per cent (₹14 trillion) to India's market capitalisation, surpassing last year's contribution of 1.4 per cent (₹5 trillion).

Weak management commentary weighs on Siemens stock

Siemens's share price has lost ground in the past few sessions following weak management commentary.