CATEGORIES

Daikin India forms JV with Taiwan firm

DAIKIN INDIA, the Indian subsidiary of Japan's Daikin Industries, on Tuesday announced that it has formed a joint venture with Taiwanese AC compressor maker Rechi Precision to manufacture, design and sale of rotary compressors.

ITC to demerge hotel business on January 1

CIGARETTES-TO-FOODS CONGLOMERATE ITC has finalised January 1, 2025, as the effective date for the demerger of its hotel business, following receiving an order from the National Company Law Tribunal (NCLT), the company said on Tuesday.

Sanghi & Penna to merge with Ambuja

Ambuja Cements will merge the acquired companies Saurashtra-based Sanghi Industries and Andhra Pradesh-based Penna Cement Industries with itself.

More Indians looking to fly biz class this holiday season

THE NUMBER OF Indians eyeing to fly business class has seen a sharp uptick this holiday season compared to last year.

Maruti first carmaker to produce 2 mn Units in a year

The achievement was attributed to retail demand recovery and effective inventory management

Ola tests 10-min food delivery service in Bengaluru via ONDC

OLA CONSUMER HAS begun testing 10-minute food delivery services in select areas of Bengaluru through the Open Network for Digital Commerce (ONDC) network.

Blackstone expects 5X growth in India data centre capacity

GLOBAL FUND HOUSE Blackstone expects at least fivefold growth in its data centre capacity in India in the coming years, fuelled by the adoption of cloud, 5G, and data protection in the country.

Big Tech may have to pay more for SMSes in India

Trai's definition identifies their traffic as international

Blackstone's Mphasis deal rescues PE firms

Venture capitalists double earnings to $4.06 billion

Lawrence Bishnoi's jail interview: Punjab DSP to face the axe

The Punjab government Monday informed the Punjab and Haryana High Court that it has initiated the process to dismiss a DSP, identified as a conspirator in aiding and abetting a 2023 TV interview of gangster Lawrence Bishnoi from a Kharar jail.

Ahead of talks with Doval, China ready to enhance mutual trust

AS NATIONAL SECURITY advisor Ajit Doval reached Beijing for talks on Wednesday between the Special Representatives of the two countries, China said Tuesday it is ready to work with India to \"deliver on important common understandings reached between our two leaders\" and \"enhance mutual trust and mutual confidence\".

One nation, one poll Bills introduced in Lok Sabha

269 vote for and 198 against their introduction

‘NHPC aims to have installed capacity of 50 GW by 2047’

The state-run hydropower company NHPC plans to raise its total installed capacity to 23 gigawatt (GW) by 2032 from its current capacity of 7.2 GW.

Q2 a blip, growth to pick up again: FM

The economic growth slowdown in the second quarter of the current financial year was a blip due to a slower pace of spending, but the coming quarters will likely see healthy growth, finance minister Nirmala Sitharaman said on Tuesday.

No more duty-free import of items for solar power: CBIC

TO PUSH DOMESTIC manufacturing, the government has withdrawn a scheme which permitted duty-free import of goods for solar power generation.

CBDT issues fresh FAQs on tax dispute resolution

THE CENTRAL BOARD of Direct Taxes (CBDT) on Tuesday published a fresh set of FAQs on the Direct Tax Vivad se Vishwas scheme in response to additional queries received by it.

DHL, 2 more shortlisted for e-comm export hubs

Initial centres will come up in Mumbai, Delhi and Bengaluru

Indian firms turn to euro, yen swaps to trim borrowing cost

INDIAN FIRMS ARE opting for cross-currency swaps to convert part of their debt into the euro or the Japanese yen in order to trim borrowing costs, said bankers.

Markets slump over 1%

Investors' wealth down ₹4.92 lakh cr

EPFO weighs higher equity investments

Labour ministry panel to look at ways to raise exposure

Apple's new vision for computing is a foldable iPad

APPLE'S NEW VISION for the future of computing is a giant, iPad-like foldable device.

The Ustad whose tabla blurred boundaries

IT ISN'T OFTEN that a percussionist finds life in the intricacies of punctuation.

LG eyeing up to $15 billion valuation for India unit IPO

BAIJU KALESH, YOOLIM LEE, JULIA FIORETTI DAVE SEBASTIAN December 16

Rupee falls 11 paise to a new low of 84.91/dollar

THE RUPEE DEPRECIATED by 11 paise to close at an all-time low level of 84.91 against the US dollar on Monday, dragged down by a negative trend in domestic equities.

Zerodha hits $1-billion revenue mark in FY24

Zerodha posted a revenue from operations of ₹9,372 crore or a little over $1.1 billion in FY24, marking a 37% increase from ₹6,832 crore it generated in FY23.

Israeli strikes missile warehouses in Syria

A UK-BASED war monitor says Israeli airstrikes early Monday hit missile warehouses in Syria and called it the \"most violent strikes\" since 2012.

EU plans $11-bn satellite network to rival Starlink

THE EUROPEAN UNION (EU) is committing to build a ₹10.6 billion ($11.13 billion) constellation of satellites that will provide the bloc with encrypted global internet connectivity in a bid to provide a homegrown alternative to Elon Musk's Starlink.

SoftBank CEO to unveil $100-bn investment in US

SOFTBANK GROUP CEO Masayoshi Son will announce a $100 billion investment in the United States over the next four years during a Monday visit to US President-elect Donald Trump's residence, Mar-a-Lago, CNBC reported.

Popeye, Tintin to enter public domain in '25

POPEYE CAN PUNCH without permission and Tintin can roam freely starting in 2025.

Canadian FM quits after clash with PM

CANADA'S FINANCE MINISTER Chrystia Freeland quit on Monday after clashing with Prime Minister Justin Trudeau on issues including how to handle possible U.S. tariffs, dealing another blow to an already unpopular government.