CATEGORIES

Automotive Axles shareholders vote against RPT with Meritor

THE MINORITY SHAREHOLDERS of Automotive Axles, a Kalyani Group company, have rejected the resolution to approve material-related party transactions with Meritor HVS (India) with around 79.47% of the votes against the move and 20.53% in favour.

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.

Safety is priority, says Akasa Air CEO

ASSERTING THAT AKASA Air is an employee-centric organisation, its CEO Vinay Dube has said the airline always works on improving its very high safety standards, amid some pilots flagging concerns about alleged training and safety issues.

Sanghi & Penna to merge with Ambuja

SEPARATE SCHEMES OF ARRANGEMENT ANNOUNCED

Maruti first carmaker to produce 2 mn units in a year

MARUTI SUZUKI ON Tuesday said it has become India's first original equipment manufacturer (OEM) to produce two million vehicles in a calendar year.

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

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

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

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\".

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.

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.

DHL, 2 more shortlisted for e-comm export hubs

● Initial centres will come up in Mumbai, Delhi and Bengaluru

Apple's new vision for computing is a foldable iPad

RETHINKING FUTURE COMPUTING

Zerodha hits $1-billion revenue mark in FY24

STOCK BROKING PLATFORM

Senate probe finds Amazon manipulates workplace injury data

FOR YEARS, WORKER advocates and some government officials have argued that Amazon's strict production quotas lead to high rates of injury for its warehouse employees.

Popeye, Tintin to enter public domain in '25

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

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.

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.

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.

Chancellor Scholz loses vote of confidence in Germany

THE GERMAN PARLIAMENT accepted Chancellor Olaf Scholz's invitation to withdraw its confidence in him and his government on Monday, clearing the way for the February 23 early election necessitated by the collapse of his government.

Long-term outlook positive for cement sector

Challenges remain in the near term

Apollo Tyres: Cost pressure to persist in Q3

Aims to expand network with focus on micro-regions

The Swiss confusion

Constantly varying interpretations of treaty provisions can potentially dent India's image

Urban growth takes a toll

TOLLING IN WHAT HAVE BECOME ARTERIAL ROADS IN CITIES GETS A PUSHBACK FROM CITIZENS

Upgrade cross-border payments

With India being the world's largest recipient of remittances since 2022, the urgency to modernise its payment systems has never been greater

High reinsurance costs a bigger worry for life insurers

Aditya Birla Sun Life Insurance (ABSLI), which ended FY24 with around ₹17,500 crore in gross written premiums (GWP), aims to double its business in the next three years.

Despite CRR cut, call rates jump above MSF

TOUGH ROAD AHEAD