CATEGORIES

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.

Apollo Tyres: Cost pressure to persist in Q3

Aims to expand network with focus on micro-regions

Mega deals won't lead M&A rebound under Trump

US BANKERS ARE rubbing their hands at an expected boom in dealmaking under a market-friendly President-elect Donald Trump next year. But scratch the surface and it is apparent that the mergers and acquisitions to come are far more likely to be among smaller companies. Mega deals won't lead the way.

Urban growth takes a toll

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

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

HDFC Bank gets warning from Sebi, second in a week

HDFC BANK ON Monday said it has received a second administrative warning from the Securities and Exchange Board of India (Sebi) within nearly a week, due to a three-day delay in disclosing the resignation of its mortgage business head Arvind Kapil in March this year.

PSBs split over perquisite tax liability for employees

● SBI, BOB cover tax; PNB, Union Bank offer loans to staff

RBI governor urges colleagues to strive for perfection

RBI GOVERNOR SANJAY Malhotra on Monday urged staff to aim for perfection in their duties, emphasizing continuous improvement as the institution enters a new era.

79% firms may raise AI spending in 2025

AS MANY AS 79% of surveyed organisations are planning to increase their AI budgets in 2025, an increase of 41% from 2024, driven by confidence in its return on investment, the technology is poised to bring, said cloud-based software-as-a-service company Freshworks’ AI Workplace Report.

Advance tax receipts rise 17% in Q3

DIRECT TAX COLLECTIONS have reached 71.5% of the annual target by December 15.

IT hiring may stay low till H2FY26

HIRING IN THE Indian IT services industry is expected to remain low-key in the near term until the growth momentum picks up by H2FY26, according to Icra.

Lobana appointed Google's India V-P

Preeti Lobana will succeed Sanjay Gupta

Blackstone emerges top bidder for Haldiram deal

A CONSORTIUM LED by Blackstone has emerged as the preferred bidder for a minority stake in Haldiram Snacks, sources following months of negotiations on a potential deal.

Adani, Ambani drop out of elite $100-billion club

HE'S BEEN FIGHTING to shore up investor confidence after short seller Hindenburg Research last year published a report accusing the firm of fraudulent practices.

India leading in AI adoption: Report

INDIAN ENTERPRISES ARE leading in the adoption and experimentation with artificial intelligence as compared to the global average, according to a report by data integration, analytics, and artificial intelligence (AI) service provider Qlik.

Those not made ministers not disappointed: Maha BJP chief

MAHARASHTRA BJP CHIEF Chandrashekhar Bawankule on Monday said there is \"no disappointment\" among senior leaders of the Mahayuti alliance on not being made ministers in the Devendra Fadnavis government.

Doval set to visit China for special representative talks

MOVES ARE AFOOT to schedule the meeting of the Special Representatives of India and China—which would mean National security advisor Ajit Doval will travel to Beijing—as early as this week, sources said.

Won't allow use of our territory against India's interests: Lanka

SRI LANKAN PRESIDENT Anura Kumara Dissanayake on Monday assured New Delhi that Colombo will not permit the island nation's territory to be used \"in a manner that is detrimental to the interest of India\".

After NC, TMC questions EVM talk, Cong claims its issue only with poll panel

AFTER JAMMU AND Kashmir Chief Minister and National Conference (NC) leader Omar Abdullah's dismissal of objections raised by Congress leaders against EVMs, fellow INDIA bloc member Trinamool Congress (TMC) said Monday that there was nothing substantial in the allegations of EVM manipulation.

Lack of skills, data complexity hindering AI adoption in India

As Indian enterprises increasingly adopt artificial intelligence (AI), significant barriers such as a lack of expertise, insufficient tools, and data complexity remain.

₹16K cr needed for charging infra by '30: Report

INDIA REQUIRES AN estimated capital expenditure of ₹16,000 crore to meet the increasing demand for public EV charging infrastructure and achieve its target of over 30% vehicle electrification by 2030, a Ficci report released on Monday said.

EV penetration slow as costs, lack of charging infra weigh

THE PENETRATION OF electric vehicles (EVs) in India is running significantly behind schedule, with most segments failing to reach even the 5% market share level.

Tata Starbucks faces pressure, to go slow on store openings

● Finding quality real estate a challenge, says Tata Consumer CEO

Construction of FCI godown 'nil' in FY25, House panel flays govt

A parliamentary panel on Monday pulled up the government for not meeting the godown construction target of the Food Corporation of India (FCI) in the four years till September 2024 and asked the nodal ministry to constitute a high-level committee to expedite the work in the North-East and hilly states.

Drug recalls from US raise export concerns

THE RECENT DRUG recalls by US arms of Indian drugmakers have turned the spotlight back on quality issues faced by the domestic pharma companies in the lucrative export market.

WPI inflation eases to 1.89% in Nov as food prices soften

INFLATION BASED ON the wholesale price index (WPI) eased to a three-month low of 1.89% in November from 2.36% in October, thanks to a sharp fall in the prices of key food items such as vegetables and pulses, official data released on Monday showed.

Govt to allow self-approval for PF withdrawals from next fiscal

● EPFO to avail cash credit to address any liquidity crunch

Petroleum product exports up 3% in Apr-Nov

SMOOTH FLOW