CATEGORIES

Russia and Ukraine cease five decades of gas transit to EU

• Ukraine to give up long-held strategic position

Israeli forces strike Gaza city suburb

A DRIVER CRASHED his truck into a crowd at high speed in New Orleans' French Quarter in the wee hours of New Year's Day then opened fire, killing at least 10 people and injuring more than 35, city officials and police said.

RPower Rallies as Arm Repays $150 Million to IIFCL, UK

RELIANCE POWER on Wednesday said its arm Sasan Power has made a bullet payment of $150 million to IIFCL, UK, fulfilling its debt obligation on December 31.

Foreign flows into govt bonds to come off record highs

FOREIGN FLOWS INTO government bonds are set to decline in 2025, after spiking to a record high in 2024 as the debt got added to JPMorgan's emerging market debt index, investors said.

Indices begin 2025 on a high

• FPIs continue selling spree

UPI Transactions Hit Record High in Dec; Value at ₹23.25L Cr

DIGITAL TRANSACTIONS CONTINUED their upward trend in December, with the number of transactions on the Unified Payments Interface (UPI) rising 8% month-on-month to hit a record of 16.73 billion, according to data from the National Payments Corporation of India (NPCI).

New year brings stricter regulatory oversight for HFCs

WITH THE RESERVE Bank of India's (RBI) new guidelines coming into effect on Wednesday, housing finance companies (HFCs) are stepping into the new year under stricter regulatory oversight.

Banks' Loan Growth Drops for Fifth Straight Month in Nov

Banks' credit increased by 11.8% year-on-year in November, compared to a 16.5% rise in the same month in 2023, excluding the impact of HDFC Bank's merger with its parent, Housing Development Finance Corp, showed the latest data.

Nishant Pitti resigns as CEO of Easy Trip Planners

EASY TRIP PLANNERS, the parent company of online travel booking platform EasyMyTrip, announced the resignation of its CEO Nishant Pitti on Wednesday, adding that Pitti was stepping down for personal reasons.

Accel raises $650 million for eighth India fund

ACCEL HAS RAISED $650 million (₹5,500 crore) for its eighth India fund, according to the US Securities and Exchange Commission filings, seen by FE.

Snapdeal trims FY24 losses by 43%

E-COMMERCE PLATFORM SNAPDEAL has reduced its losses considerably in FY24, despite near-flat revenue growth during the year.

Zoomcar eyes expansion for newly launched cab service

Piloting Chauffeur-Driven Cabs

Q-comm delivers record sales on New Year's Eve

Quick Commerce Firms

India Poised to Lead Global Supply Chains: Anand Mahindra

INDIA HAS THE potential to significantly bolster its economic stature and establish itself as a pivotal player in the global supply chain, according to Mahindra Group chairman Anand Mahindra.

AI first airline to roll out Wi-Fi on domestic fleet

AIR INDIA HAS covered a lot of ground since privatisation and its global coverage will further increase in the years ahead, the airline's chief Campbell Wilson said on Wednesday.

SUV demand puts Dec PV sales in the fast lane

Sales hit 4.3 million in 2024, marking 4.8% growth

India & Pak share list of nuclear units

INDIA AND PAKISTAN on Wednesday exchanged a list of their nuclear installations under a bilateral pact that prohibits the two sides from attacking each other's atomic facilities.

UP minister and Apna Dal leader alleges threat from special task force

UTTAR PRADESH CABINET minister Ashish Patel has accused the state special task force of \"conspiring\" against him and alleged a threat to his life from the agency.

Electronics Sector Seeks Cut in Duties, Tariff Slabs

Run-Up to the Budget

BJP Planning To Demolish Temples In Delhi: Atishi

DELHI CHIEF MINISTER Atishi accused the BJP on Wednesday of planning to demolish Hindu temples and a Buddhist site in various areas of the city, even as the saffron party refuted the charge, alleging that she is trying to \"disturb\" communal harmony by making such a statement.

18 Former MoS, 12 Ex-MPs Still Have Security

Audit Finds No Security Review Done in a Long Time

TMC Committed to Service Over Power

THE TMC on Wednesday observed its 28th foundation day, with party supremo and West Bengal chief minister Mamata Banerjee asserting that after over two decades of protests, victories, and challenges, the party's core belief remains that politics is not about power but about service to people.

Bangladesh rewrites textbooks on 1971 liberation war: Report

TEXTBOOKS IN BANGLADESH will now state that Ziaur Rahman—not ‘Bangabandhu’ Sheikh Mujibur Rahman—declared the country's independence in 1971, The Daily Star reported on Wednesday.

Two crop insurance schemes to run till FY26

• Total allocations for PMFBY & RWBCIS for FY22-26 raised to ₹69,515 crore

Nagaraju to PSBs: Speed up resolution of grievances

STRESSING THAT ANY laxity in grievance redressal is against the ethos of customer service and diminishes the brand value of the organisation, financial services secretary M Nagaraju has directed public sector banks (PSBs) and insurance companies (PSICs) to address public grievances sincerely in a time-bound manner.

IREDA loan disbursements up 41%

STATE-OWNED INDIAN RENEWABLE Energy Development Agency (IREDA) sanctioned loans worth ₹31,087 crore in the third quarter of the current financial year, up 129% from ₹13,558 crore in the same period last year, according to provisional data provided by the company.

Govt cuts jet fuel price by 1.5%, commercial LPG by ₹14.5/cylinder

The price of jet fuel, or ATF, on Wednesday was reduced by 1.5% and the rate of commercial LPG that is used in hotels and restaurants was cut by ₹14.5 per 19-kg cylinder in the monthly revision done in line with benchmark international prices.

FY25 tobacco exports to top ₹13,000 cr

Higher yields & prices drive growth; no increase in area under tobacco cultivation

2024 Was Warmest Since 1901; Jan 2025 to Be Relatively Warm

THE YEAR 2024 was the warmest on record in India since 1901, with the average minimum temperature settling 0.90 degree Celsius above the long-period average, Mrutyunjay Mohapatra, director general of the India Meteorological Department (IMD), said on Wednesday.

Rupee Continues Its Slide to New Low; Nudges Towards 86 Mark

The rupee continued its slide on Wednesday, slipping to a new all-time low of 85.6488 against the dollar, 4 paise or 0.05% weaker than Tuesday's closing of 85.6087.