CATEGORIES

2024 Was Warmest Since 1901; Jan 2025 to Be Relatively Warm

THE YEAR 2024 was the warmest on record in India since 1901, with the average minimum temperature settling 0.90 degree Celsius above the long-period average, Mrutyunjay Mohapatra, director general of the India Meteorological Department (IMD), said on Wednesday.

CCI Seeks More Info on Charges Against Quick-Commerce Firms

The Competition Commission (CCI), which has received a complaint of anti-competitive practices against quick commerce companies, is waiting for more information on the allegations from the complainant before taking a decision on the matter.

RIL Spent $13 Billion on Acquisitions in 5 Years

RELIANCE INDUSTRIES HAS spent $13 billion on acquisitions in the past five years across new energy, telecom, retail, and media business to script a pivot away from core oil and petrochemicals business to clean energy and consumer-facing verticals.

Thomas Cook reports cyberattack on IT infra

Thomas Cook (India) on Tuesday said there has been a cyberattack on its IT infrastructure and it is working with security experts to support its investigation and take remedial action.

BAA plans to open pilot training centre in India

BAA TRAINING, A global aviation training provider, is considering establishing a pilot training centre in India to capitalise on the predicted surge in air travel demand in the country.

BPCL boosts West Asian oil imports

BHARAT PETROLEUM, one of the largest refiners in India, has been forced to seek alternative and more expensive crude cargoes from West Asia to make up for lower supplies from Russia, putting a spotlight on shifting export patterns as traders focus on the global market's prospects in 2025.

Bajaj Auto topples Ola

TO COUNTER THESE challenges, Ola Electric opened 3,200 new stores in a single day last week, bringing its total network to 4,000 showrooms and service centres nationwide.

Market share cap for UPI postponed by two years

THE TWO FIRMS processed a combined 13.1 billion transactions in November, the data showed.\"The decision to delay the market share cap is aimed at not hindering the growth of the UPI ecosystem while also giving other players the time to grow,\" a person familiar with the discussions said, speaking on the condition of anonymity.

Naxals trying to expand without success: MHA

FACING TOUGH ACTION from security forces, the Naxals are making efforts to expand to new areas along inter-state borders but without any notable success, the latest report from the home ministry has said.

Biren concludes 2024 with an apology: 'I want to say sorry'

Says we have to start a new life, a peaceful Manipur

'AI and marketing make a powerful combination'

Chief marketing officers (CMOs) are no longer shooting in the dark when it comes to understanding consumer behaviour, preferences, and market trends.

Build relationships to cement success...

...and some more ideas to defend your market

Audit needs to be proper

Global investors will look for transparent accounting, best practices are a must

Navigating trade challenges

IN 2025, INDIA'S TRADE POLICY SHOULD FOCUS ON SERVICES, US AND JOINING THE CPTPP

Let the rupee find its own level

Seeking elusive stability in the exchange rate while the economy remains open to capital flows entails a relatively less independent monetary policy to boost growth

How Musk Planted Himself at Trump's Doorstep

ELON MUSK plays many roles with President-elect Donald J. Trump. He is Trump's most important donor, most influential social media promoter, and a key adviser on policy and personnel.

China's 2024 GDP growth set to hit target of 5%, says Xi

BRIGHTER PROSPECTS

Russia to Cut Gas Flow to Europe via Ukraine

RUSSIAN ENERGY COMPANY Gazprom said it would pump a reduced volume of gas to Europe via Ukraine on Tuesday, the last day before the expiry of a deal that had kept the gas flowing throughout nearly three years of war.

S Korea crash: Airport embankment in focus

SOUTH KOREA RAMPED up investigations on Tuesday into the cause of its deadliest domestic air accident as police worked to identify victims while families of those killed in the crash of a Jeju Air jet pushed for more details.

US Treasury says its system hacked, China behind it

THE US TREASURY Department was hacked by a Chinese state-sponsored actor through a third-party software service provider, according to a letter the agency sent to Congress on Monday.

South Korea Issues Arrest Warrant for Impeached Prez

A SOUTH KOREAN court gave authorities approval on Tuesday to detain impeached President Yoon Suk Yeol in a criminal investigation into his martial law decree, marking the first time that a sitting president of the country has faced arrest.

Sebi Launches MF Lite Scheme to Strengthen Passive Funds

Sebi on Tuesday announced the launch of the Mutual Funds Lite (MF Lite) framework to simplify the compliance process for entities launching passively managed mutual fund schemes.

Indices Post Positive Returns for Ninth Consecutive Calendar Year

THE SENSEX AND NIFTY recorded gains of 8.2% and 8.8%, respectively, in 2024, marking positive returns for nine consecutive calendar years—the longest winning streak.

Re closes at new all-time low

THE RUPEE CLOSED at a fresh low due to broad-based dollar bids and declining Chinese yuan, said forex traders.

Gold set to shine brighter in 2025

Easing interest rates and geopolitical tensions could fuel a golden rally

Sensex, Nifty fall in final session

BENCHMARK INDICES Sensex and Nifty ended lower on the final session of 2024 on Tuesday amid persistent foreign fund outflows and weak trends in the global markets.

FPIs Again Turn Net Buyers of Govt Securities in Dec

AFTER TURNING NET sellers of government bonds under the fully accessible route (FAR) for the first time since India's inclusion in the JP Morgan Global Market Index - Emerging Suite in November, foreign portfolio investors (FPIs) have again turned net buyers in December.

Investor confidence powers semiconductor startups

SEMICONDUCTOR STARTUPS ARE riding a wave of increased investor confidence, with total funding in 2024 reaching $21.3 million, according to Tracxn.

Atul, Rahul Kirloskar to challenge Sebi order on family settlement

ENTITIES UNDER ATUL and Rahul Kirloskar's control - Kirloskar Oil Engines (KOEL), Kirloskar Industries (KIL), Kirloskar Pneumatic (KPCL), and Kirloskar Ferrous (KFL) - are gearing up for a legal battle against a Securities and Exchange Board of India (Sebi) directive.

Blinkit Launches Large Order Fleet in Delhi, Gurugram

BLINKIT, QUICK COMMERCE arm of Zomato, has launched a large order fleet in Delhi and Gurugram.