CATEGORIES

Trump Haunts Central Banks Primed for Wary Rate Cuts in 2025

GLOBAL CENTRAL BANKERS are poised to cut borrowing costs further in 2025, but only warily—and with a keen eye on the policies of incoming US President Donald Trump.

ITC Ends in the Red on Hotel Biz Demerger

Optimism Prevails

Nippon, US Steel File Suit After Biden Blocks $15 Billion Deal

NIPPON STEEL and US Steel filed a federal lawsuit challenging the Biden administration's decision to block a proposed nearly $15 billion deal for Nippon to acquire Pittsburgh-based US Steel and said that the head of the Steelworkers union and a rival steelmaker worked together to scuttle the buyout.

Sebi Relaxes Settlement Norms for Dormant Accounts

SEBI ON MONDAY said it has eased norms for the settlement of client funds in trading accounts that have remained inactive for 30 days.

PSBs turn net sellers of govt securities

STATE-OWNED BANKS HAVE turned net sellers of government bonds (G-Secs) amid a widening liquidity deficit, said traders.

RBI Should Ease Its Tight Grip on Rupee, Says Viral Acharya

FORMER RESERVE BANK of India deputy governor Viral Acharya said the central bank should ease its tight grip on the rupee, a view that comes amid uncertainties over whether the new governor will maintain his predecessor's policy of limiting currency swings.

Rupee at lifetime low as equities slide; tilt bearish

THE RUPEE DECLINED 4 paise to settle at a record low of 85.83 against the dollar on Monday, amid a steep fall in domestic equity markets and unabated outflow of foreign capital.

Bank shares plunge up to 8% amid weak business updates

Historically, the third quarter is not a great one for banks

PSBs' share in 'fair value' investments declines, private banks report gains

STATE-OWNED BANKS' SHARE in the 'fair value through profit and loss investment portfolio' (FVPTL), the newly-introduced investment category, has gone down to 37.2% from around 45%. Meanwhile, the share of private banks has risen to nearly one-third, according to the Reserve Bank of India's (RBI) latest Financial Stability Report.

D2C firm Frido set to be ₹200-cr brand

ARCATRON MOBILITY'S DIRECT-TO-CONSUMER (D2C) arm Frido is on track to become a ₹200-crore brand.

Former executives at OYO, upGrad launch mobility platform

MAYANK KUMAR, FORMER CEO of upGrad, and Ayush Mathur, a former senior leader at OYO, have launched a new mobility platform for blue-collar workers called BorderPlus.

Adani Group lines up petchem foray

Adani Petrochem and Thailand's Indorama will hold 50% stake each in the JV

RIL arm launches Raskik Gluco Energy drink, adding fizz to hydration market

● Beverage to rival Tata Consumer, Dabur products

Auto ancillary firms aim US push with Trump's policies

INDIAN AUTOMOTIVE PARTS manufacturers are aiming to boost their share of exports to the US, driven by expectations that president-elect Donald Trump will fulfil his campaign promises upon taking office later this month.

Sterlite Grid 32 gets over ₹2,400 cr via listed NCDs

Sterlite Grid 32 (SGL32) on Monday announced securing ₹2,450 crore through listed non-convertible debentures (NCDs) to refinance its Mumbai Urja Marg project, Raji George, director, corporate finance, Sterlite Power told FE.

Will not rush in bringing Digital India Act

The rules to implement Digital Personal Data Protection (DPDP) Act was released last week for stakeholder consultation.

Festive boost to Titan biz growth in Dec qtr

TITAN'S STANDALONE BUSINESS registered a 24% year-on-year growth, the Tata Group company said on Monday while providing an update for the December 2024 quarter.

SC transfers Amazon, Flipkart's plea against CCI to Karnataka HC

THE SUPREME COURT on Monday transferred to Karnataka High Court petitions of Amazon and Flipkart, challenging a Competition Commission of India (CCI) order for a probe into the e-commerce giants for alleged malpractices.

Lodha pre-sales soar to record ₹4,510 cr in Q3

MUMBAI-BASED REAL ESTATE developer Macrotech Developers (also known as Lodha Group) on Monday said it has achieved best ever quarter pre-sales of ₹4,510 crore, showing 32% year-on-year (y-o-y) growth in Q3FY25.

Residual benefit of tariff hikes to boost telcos' Arpu in Q3

KEY METRIC PROJECTED TO RISE 3-5%

Nxtra, Bizongo lead emerging unicorns

INDIA'S UNICORN CLUB may soon welcome five new members, as startups valued at or above $900 million prepare to cross the $1-billion valuation threshold by 2025.

Isro to dock SpaDeX satellites on January 9

ISRO ON MONDAY said the docking experiment of SpaDeX satellites scheduled for January 7 is now postponed to January 9.

Govt Mulls Hallmarking for Silver Jewellery

FOOD AND CONSUMER Affairs Minister Pralhad Joshi on Monday asked the Bureau of Indian Standards (BIS) to consider implementing mandatory hallmarking for silver and silver artifacts following consumer demands.

Services PMI rises to 4-month high in Dec

DEMAND BUOYANCY CONTINUED to drive new business inflows higher during December, which in turn supported output growth and prompted firms to recruit additional workers.

Funding in space industry declines 55% to $59.1 mn

FUNDING IN SPACE sector, a key part of the country's ambitions to become a global superpower, plummeted by 55% in 2024 to $59.1 million from $130.2 million the previous year, according to data from market intelligence platform Tracxn.

Don't Hire Illegal Bangladeshi Migrants as Cheap Labour, Says Assam CM

INDUSTRIALISTS HAVE TO look beyond \"cheap labour\", and perform a \"national duty\" by not giving any jobs to illegal Bangladeshi migrants,

Don't hire illegal Bangladeshi migrants as cheap labour, says Assam CM

Assam chief minister Himanta Biswa Sarma said on Monday that industrialists have a national duty to not hire illegal Bangladeshi migrants as cheap labor.

Roll out wage & social security codes: Unions

Raising exemption limit on home loan interest to ₹5 lakh from ₹2L suggested

PM Inaugurates Railway Projects in J&K, Odisha

PRIME MINISTER NARENDRA Modi on Monday inaugurated virtually a slew of railway projects, including the Jammu railway division, the Charla-palli terminal station in Telangana, besides laying the foundation for the Rayagada railway division building in Odisha under the East Coast Railway.

As fees stagnate, audit firms struggle to retain talent

Just 10% nominal rise in income over five years, real income growth negative