CATEGORIES

Sanghi & Penna to merge with Ambuja

SEPARATE SCHEMES OF ARRANGEMENT ANNOUNCED

Maruti first carmaker to produce 2 mn units in a year

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

Big Tech may have to pay more for SMSes in India

● Trai's definition identifies their traffic as international

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 an 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.

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\".

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

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.

One nation, one poll Bills introduced in Lok Sabha

● 269 vote for and 198 against their introduction

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.

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.

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

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

SHARE SALE EXPECTED TO TAKE PLACE AS SOON AS FIRST HALF 2025

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.

Pakistan cuts interest rates to lowest in over 2 years

PAKISTAN'S CENTRAL BANK cut its key policy rate by 200 basis points to 13% on Monday, it said in a statement, its fifth straight reduction since June to revive a sluggish economy.

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.