CATEGORIES

Kirloskar Oil Engines vs Sebi: KBL plea to intervene allowed

KIRLOSKAR BROTHERS (KBL) was granted permission on Thursday to intervene in the Kirloskar Oil Engines (KOEL) versus markets regulator Securities Exchange Board of India (Sebi) case before the Securities Appellate Tribunal (SAT).

Amazon to acquire BNPL startup Axio

E-COMMERCE GIANT AMAZON is set to acquire Indian startup Axio, an online lending platform offering point-of-sale financing.

Helping startups scale up business

Govt support can serve as a catalyst for growth

Govt May Announce Old Tax Regime Phase-Out

According to the Central Board of Direct Taxes, 28% of taxpayers opted for the old tax regime in the assessment year 2024-25

Pichai joins Nadella in London cricket team bid

ALPHABET CHIEF EXECUTIVE officer Sundar Pichai is joining Silicon Valley executives bidding for a London-based cricket team, according to people familiar with the matter.

Swiggy, Zomato may cut back on food discounts

BY GROUPING ORDERS for longer routes and offering discounts tied to cart value and distance, they aim to maximise the revenue per delivery partner ride.

Rupee logs biggest single-day gain in over seven months

AFTER FALLING FOR the past five trading sessions, the rupee on Wednesday recovered 28 paise, or 0.33%, against the dollar, marking its biggest gain in over seven months, helped by a weaker dollar and a lower-than-expected trade deficit number.

Most Indian Firms See AI as Strategic Priority: Study

Surpass global average of 75%

All Universities To Have Career Counselling Units: Minister

UNION LABOUR MINISTER Mansukh Mandaviya said on Wednesday that career counselling centres would be set up in every university across the country under public-private partnership to boost employment and productivity.

India's Largest Market for Flying Taxis, Says Sarla Aviation CEO

ELECTRIC FLYING TAXI startup Sarla Aviation, which plans to launch services in India in 2028, will initially fly between airports and commercial hubs such as IT parks in Bengaluru, one of the world's most congested cities.

Eka Mobility plans ₹2,000-cr investment

PUNE-BASED ELECTRIC BUS maker Eka Mobility will launch 6-7 electric commercial vehicles over the next 18 months and expand production capacity at an investment of ₹2,000 crore.

No near-term impact seen on India of US AI chip restrictions

THE RECENT ANNOUNCEMENT by the US government to impose restrictions on exports of AI chips, is not expected to impact India in the short-term given the current demand levels and capacity requirements by the country is less, tech experts and officials said.

Next round of India-UK FTA talks to start in Feb

THE NEGOTIATIONS ON a free trade agreement (FTA) between India and the UK are expected to resume in early February, after months of pause due to the general election in the UK, a senior official said on Wednesday.

CEA Among Candidates for Post of RBI Dy Guv

Patra was in charge of the crucial monetary policy department; on Tuesday, deputy governor M Rajeshwar Rao was given the temporary charge of the department.

Mandi Prices of Soyabean Below MSP

DESPITE THE GOVERNMENT purchasing a record 1.3 million tonne (MT) of soyabean from farmers in key producing states at the minimum support price (MSP), its mandi prices continue to rule below the benchmark.

Liquidity on tap via daily VRR auctions

THE RBI's CHANGE in liquidity framework comes at a time, when there is significant uncertainty about the liquidity demand in the coming weeks.

'FPOs doing well need support to scale up'

Diversified conglomerates ITC, one of the largest private procurers and processors of agricultural commodities in the country, purchases around 3 million tonne of grains, pulses, oilseeds and other commodities from farmers annually.

US sanctions on Russian oil tankers to hit imports; Trump's stance key

THE SWEEPING US sanctions targeting Russia's oil trade announced on January 10, with as many as 183 tankers being placed under sanctions, could hit India's imports of cheaper Russian oil.

87% Indian Job Seekers Use GenAI for Résumés: Report

IN A RAPIDLY evolving job market, Indian professionals are embracing innovative tools to stand out.

LTTS expects hiring decline in coming years on automation

Revenue up 3% in Q3, logs highest-ever deal booking TCV

Meta warns CCI ruling may force rollback of features

META MAY HAVE to \"roll back or pause\" some features in India due to an antitrust directive which banned its WhatsApp messaging service from sharing user data with Meta for advertising purposes, according to a court filing by the US company seen by Reuters.

PM Wani revival: Trai calls for cap on high internet costs by telcos

The Telecom Regulatory Authority of India (Trai) on Wednesday proposed that the broadband tariff charged by telcos to public data office (PDO) under the PM-Wani scheme shall not exceed twice the tariff applicable for retail broadband FTTH (fiber-to-the-home) services for the corresponding capacity.

'AI, GenAI to fuel IT industry recovery in FY26'

With clients reducing discretionary spends on a challenging macroeconomic environment and Donald Trump 2.0 steering higher charges for H-1B visa, the IT services industry is facing headwinds.

Indices Gain for Second Day Amid Firm Global Cues

THE BENCHMARK INDICES inched higher on Wednesday, led by energy and information technology stocks, although worries over slowing earnings and caution ahead of key US inflation data capped gains.

In letter to countrymen, Biden says 'soul of America' at stake

Coming out of the worst pandemic in a century and the worst economic crisis since the Great Depression, the United States in four years under Joe Biden's leadership has emerged stronger, more prosperous, and more secure, the outgoing US President said in a letter Wednesday.

Jio Finance in talks with lenders for maiden debt sale

JIO FINANCE, A shadow lender owned by Asia's richest businessman Mukesh Ambani, is in talks with several lenders to make its first foray into the local currency debt market, according to people familiar with the matter.

Goldman Sachs profit soars on trading boost

GOLDMAN SACHS POSTED its biggest profit since the third quarter of 2021 to beat Wall Street expectations, driven by bankers who brought in more fees from dealmaking, debt sales and strength in trading.

Hero to rev up brand strategy

PUSHES FOR REDUCTION IN GST ON 125-CC BIKES TO 18%

Meta Apologizes for CEO's Remark on India Elections

META INDIA ON Wednesday apologized for CEO Mark Zuckerberg's recent remarks that the incumbent government lost power in the 2024 elections.

UK inflation cools to 2.5%, misses estimate

INFLATION IN THE UK unexpectedly fell in December, a move that will likely fuel pressure on the Bank of England to cut interest rates again next month.