CATEGORIES

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.

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.

Bank shares plunge up to 8% amid weak business updates

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

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

THE IMPACT OF the recent tariff hikes will continue to boost average revenue per user (Arpu) of telecom operators - Reliance Jio, Bharti Airtel and Vodafone Idea - in the October-December quarter.

Nxtra, Bizongo lead emerging unicorns

FIVE INDIA STARTUPS VALUED AT OVER $900 MN

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.

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.

Services PMI rises to 4-month high in Dec

DEMAND BUOYANCY CONTINUES TO DRIVE GROWTH

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, Assam chief minister Himanta Biswa Sarma said on Monday.

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.

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.

Roll out wage & social security codes: Unions

Run-Up To The Budget 2025-26 • Raising exemption limit on home loan interest to ₹5 lakh from ₹2L suggested

As fees stagnate, audit firms struggle to retain talent

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

Investments by central agencies & CPSEs decline 10% in Apr-Nov

INVESTMENTS BY CENTRAL government agencies and central public sector enterprises (CPSEs) fell 10% on year to ₹4.41 lakh crore in April-November of the current financial year as the railways and the National Highways Authority of India (NHAI) were yet to regain the capex pace after election-induced slowdown.

IIFCL Should Lend ₹1 Lakh Crore in 3 Years: Nagaraju

INDIA INFRASTRUCTURE FINANCE Company (IIFCL) may set an ambitious goal of extending loans of ₹1 lakh crore to the infrastructure sector in the next three years, financial services secretary M Nagaraju said on Monday.

Govt Eases Conditions for Specialty Steel PLI

The government on Monday relaxed conditions of the production-linked incentive (PLI) scheme for specialty steel and reopened the application window for companies to attract investments in product categories that saw no or low participation in the first round.

5 Infants Test Positive for HMPV in Gujarat, Karnataka, TN

FIVE INFANTS TESTED positive for the Human Metapneumovirus (HMPV) in Karnataka, Tamil Nadu, and Gujarat on Monday, the first reported cases of the virus in India.

Cutting-edge AI innovations to take centre stage at CES 2025

Top global companies to showcase advancements in mobility, digital health and sustainability

Bajaj Auto's EV charge

LAUNCH OF MASS MARKET SCOOTERS PAYS OFF