CATEGORIES

OYO buys US-based G6 Hospitality in a $525-million deal

With this acquisition, Oyo will get around 1,500 franchised hotels across the US and Canada

Simplilearn cuts losses by 56% to ₹107 cr in FY24

UPSKILLING PLATFORM SIMPLILEARN reduced its net losses by 56% to ₹106.7 crore in FY24 from ₹244.2 crore in FY23.

Telcos told to offer separate voice, SMS recharge plans

THE TELECOM REGULATORY Authority of India (Trai) on Monday mandated telecom operators to offer separate recharge plans only for voice and SMS services.

AI integration seen gaining pace in 2025, to unlock biz value: Report

THE UPCOMING YEAR will see enterprises accelerating AI integration and other advanced technologies to unlock significant business value, according to Wipro's Tech Trends for 2025 report.

Telcos see fresh challenges from direct-to-mobile technology

TELECOM OPERATORS, REPRESENTED by the Cellular Operators Association of India (COAI), on Monday said the proposed direct-to-mobile (D2M) technology will pose new challenges.

Airtel adds users in Oct, Jio loses again

AFTER LOSING MOBILE subscribers for the three consecutive months, Bharti Airtel added 1.9 million users in October.

Zoho-backed Silectric to invest ₹3,426 cr in Karnataka

SILECTRIC SEMICONDUCTOR MANUFACTURING, a venture backed by Chennai-based Zoho Corp, will invest ₹3,425.6 crore to set up a manufacturing unit in Karnataka's electronics manufacturing cluster at Kochanahalli, Mysuru. The project is expected to create 460 jobs.

Realty project costs, lease rents likely to rise on GST change

THE GST Council's decision to retrospectively amend the Central Goods and Services Tax (CGST) Act to restrict input tax credit (ITC) on construction services for commercial real estate such as malls, shops, etc., for leasing could push project costs and increase rents, said experts.

Seed funding hits a 4-year low

DESPITE A MODEST recovery in startup funding this year, seed-stage investments remain in a slump, hitting their lowest since 2020.

ReNew sells 300 MW solar asset in Rajasthan

RENEW ENERGY GLOBAL on Monday said it has sold its 300 MW solar project in Jaisalmer, Rajasthan, at an enterprise valuation of $176 million (nearly ₹1,500 crore) to Anzen Energy Yield Plus Trust.

Air passenger traffic rises 12% in Nov

PASSENGERS CARRIED BY domestic airlines in India grew by 12% to 14.2 million in November against the same month last year, as per data supplied by the Directorate General of Civil Aviation (DGCA).

Firms seek relief in 2025

FOR ANALYSTS, INVESTORS and stakeholders, the country's ₹5-lakh-crore FMCG market has been a dependable industry that delivers consistent returns year after year.

Fresh hikes to test FMCG pricing power

CEOs say move to be calibrated to align with fragile demand

Double counting: $3-4 bn downward revision in gold import figures likely

AN UNUSUAL JUMP in gold imports in November (180 tonnes in volume, i.e., three times the average in the first 10 months, $14.3 billion compared with $4.3 billion in the first 10 months) is partly being explained by the double counting of gold—as it enters Special Economic Zones (SEZs) and then again as it exits the SEZs.

Former SC judge named as new NHRC chairman

FORMER SUPREME COURT judge V Ramasubramanian has been appointed the new chairperson of the National Human Rights Commission, the rights panel said on Monday.

NFRA's move on 'SQM' rules needless, says ICAI

THE NATIONAL FINANCIAL Reporting Authority's (NFRA) move to notify standards on quality management (SQM) through the ministry of corporate affairs (MCA) is unnecessary, said Ranjeet Kumar Agarwal, president of the Institute of Chartered Accountants of India (ICAI).

Officers will have to learn groundworks for better coordination, says Vaishnaw

WHILE STRESSING ON the need for better coordination and understanding between ground level employees and the officers, Union minister for railways Ashwini Vaishnaw had on Saturday said that a module has been formulated for officers and employees, where both will be given training about each other's work.

West Asia share of crude imports at 9-month high

Russia continues to be the top oil supplier to India

Suspension of Swiss MFN status not to hit EFTA pact

THE SWISS DECISION to suspend the most favoured nation clause in the Double Taxation Avoidance Agreement will not delay the ratification and implementation of the already signed trade agreement between India and the EFTA bloc, Switzerland has said.

Discoms to miss target to cut AT&C losses again

DESPITE A SIGNIFICANT reduction in the national aggregate technical & commercial (AT&C) losses of electricity from 27.8% in 2008-09 to 15.37% in 2023, several states continue to report high losses over the past five years.

Mineral-rich Chhattisgarh now an investment destination too

Year after assuming office, Chhattisgarh chief minister Bhishnu Deo Sai has unveiled a new industrial policy aimed at attracting investments in various sectors such as semiconductors, information technology, electronics, food processing, renewable energy, tourism, and education.

Govt plans to cut agri transportation costs

UNION MINISTER FOR agriculture and farmers' welfare Shivraj Singh Chouhan said on Monday that the government is developing a new scheme to reduce the transportation cost of farm produce and ensure higher income for farmers.

Bangladesh owes Tripura ₹200 crore in power dues

BANGLADESH OWES TRIPURA ₹200 crore in electricity dues but no decision has been taken on halting power supply to the neighbouring country yet, chief minister Manik Saha said on Monday.

GST panel against tax relief for EV charging stations

THE FITMENT COMMITTEE of the GST Council has recommended maintaining \"status quo\" in the current taxation structure for electric vehicle (EV) charging services, even as the industry is batting for complete exemption or a reduction in the tax rate from 18% to 5%, according to official sources.

PM's pre-Budget consultation with economists today

AHEAD OF THE Budget for 2025-26, Prime Minister Narendra Modi will interact with a group of economists to seek their suggestions on maintaining economic growth momentum amid global uncertainties, a key focus area of the government.

1% rise in m-cap of firms boosts GDP growth by 0.6%: SBI report

A 1% RISE in market capitalisation leads to a 0.6% rise in gross domestic product (GDP) growth rate, according to a report by SBI Economic Research Department.

Centre may peg FY26 fiscal deficit at below 4.5% of GDP

THE CENTRAL GOVERNMENT is committed to pursuing the glide path of fiscal consolidation, as announced in the Budget for FY22, and to attain a level of fiscal deficit \"lower than 4.5%\" of the GDP by FY26, the finance ministry said.

For IT firms, it's a mixed blessing

A five-part series looks at the impact of the fall in rupee on various sectors

Byju's: ICAI panel probing auditing lapses

CHARTERED ACCOUNTANTS' APEX body ICAI president Ranjeet Kumar Agarwal on Monday said its disciplinary committee is investigating alleged auditing lapses at edtech firm Byju's, reports PTI.

From shadows to spotlight

The first of a 7-part series on those who left a deep imprint in 2024