CATEGORIES

Rlys freight loading growth sees 1.4% uptick in Nov

Freight loading on Indian Railways continued to show sluggish growth in November, with the national transporter handling 130 million tonnes (mt) of goods, marking a 1.36 per cent increase compared to the same month last year.

SBI plans to sell over ₹2,732 crore of bad loans

State Bank of India (SBI), India's largest lender, is looking to sell bad loans worth ₹2,732.5 crore related to Odisha-based ARSS Infrastructure Projects Ltd through a Swiss challenge auction and has invited expressions of interest (EoIs) from entities interested in submitting counter bids for the asset on a full cash basis.

FDI inflows into India cross $1 trn

MONEY MOVERS

Despite push, insurance cos slow on FDI utilisation

FDI in the sector rose at 7.5% CAGR in past 5 yrs

India plans final refinery expansion as EV era looms

In what may be the last wave of grassroots refinery projects, the crude oil-refining capacity of state-run companies may go up by 500,000-600,000 barrels per day (bpd) in a little more than 10 years, according to industry executives and government officials.

Petroleum sector tax revenues may plunge in FY25

Collections from windfall tax had cooled even before it was withdrawn on December 2

NSO to unveil 1st pvt capex survey in March amid investment push

The National Statistics Office (NSO) is set to release the results of the first private sector capital expenditure (capex) survey in March, as the government nudges the private sector to ramp up investments to drive economic growth, said a government official.

RBI guv meets FM days before term ends

Reserve Bank of India (RBI) Governor Shaktikanta Das met Finance Minister Nirmala Sitharaman on Saturday evening, a day after the meeting of the Monetary Policy Committee (MPC) and just ahead of his term coming to an end on Tuesday.

India's electronics exports may dominate US trade talks

Electronics exports, led by iPhone shipments, drive trade surplus from FY21 to FY24

'Will grow Camso brand in other OHT segments'

RPG Group company Ceat has entered into an agreement with Michelin to acquire the Camso brand's off-highway construction equipment bias tyres and tracks business in an all-cash deal valued at $225 million (1,900 crore). In a conversation with Sohini Das, Ceat Managing Director and Chief Executive Officer ARNAB BANERJEE elaborated on the company's expansion plans. Edited excerpts:

Tirunelveli harnesses the sun for powering India's tomorrow

Tirunelveli, 620 kilometres (km) from Chennai and 158 km from Thiruvananthapuram, has been a known trading hub since 304-232 BCE.

Hotel asset management firms help international brands check in

Indian hotel asset management companies, such as SAMHI Hotels and Juniper Hotels, that have made global brands like Marriott International and Hyatt Hotels popular in the country, are on a growth path.

e2W firms charge up service network amid rising plaints

Amid rising consumer complaints about service experiences in the electric two-wheeler (e2W) industry, manufacturers are now focusing on upgrading their service networks to address the growing customer concerns.

M&A deals rise 13.5% in '24 so far

Deal volume rebounds with 26% increase; bankers expect the momentum to continue in 2025

Fintechs go retro, offer FDs to boost top line

Fintech companies are tapping into traditional forms of banking products such as fixed deposits (FDs) as they expand their financial services bouquet.

End of road likely for sovereign gold bonds

Scheme said to have outlived its purpose of reducing physical gold imports

Ex-senator Perdue is Trump's pick for China ambassador

President-elect Donald Trump announced he's nominating former Senator David Perdue as the US ambassador to China, enlisting a businessman with experience working in Asia for one of his key diplomatic posts.

Former PayPal COO to be White House AI and crypto czar

Donald Trump says he is selecting venture capitalist David Sacks of Craft Ventures LLC to serve as his artificial intelligence and crypto czar, a newly created position that underscores the president-elect's intent to boost two rapidly developing industries.

CHECKMATING HISTORY

If Gukesh beats Ding, he will rewrite chess history by becoming the youngest to win the classical world championship since it started 138 years ago

All We Imagine As Light named best '24 film by Sight and Sound

Director Payal Kapadia's \"All We Imagine As Light\" has been selected as the best film of the year by prestigious Sight and Sound magazine that also voted Anora, La chimera, Dahomey and Hard Truths amongst its top five.

High obsessions

In 1519, the Spanish conquistador Diego de Ordaz reached the summit of the stratovolcano Popocatépetl during an expedition in Mexico under Hernán Cortés.

The NFT is dead. Long live the NFT?

The giddy craze for nonfungible tokens brought the crypto crowd to art auctions. Now, long after the bubble burst, some still believe it did

Pushpa 2 smashes box-office records with ₹294 cr opening

'Pushpa fire nahi, wildfire hai', the popular dialogue from Allu Arjun's Pushpa franchise has come true with the historic box office performance of the second part, which has amassed ₹294 crore gross globally on day one of its release.

A $500 bn haul reignites passive controversy on Wall Street

The passive-investing juggernaut is picking up speed—and it's stirring up fresh angst about the dangers posed by the index-tracking boom across Wall Street.

Maruti, M&M join Hyundai in announcing price hikes

Up to 4% increase to be effective from Jan 1; higher input costs drive the move

Demat a/c additions hit 7-mth low in Nov

The number of new dematerialised (demat) accounts added in November dropped to less than 3.2 million, the lowest since April 2024.

MobiKwik cuts issue size for 3rd time, sets price band at ₹265-279

Fintech firm MobiKwik is all set to launch its initial public offering (IPO) on December 11.

Gloomy outlook for growth may dampen market sentiment

The Reserve Bank of India (RBI)-led Monetary Policy Committee (MPC) held the repo rate unchanged and continued with its neutral monetary stance, scheduling a cash reserve ratio (CRR) cut to be implemented in two tranches.

FPI lobby opposes Sebi's proposed AI, ML norms

Asifma seeks shared responsibility for AI-related breaches

Mkts snap five-day rally as RBI cuts FY25 growth forecast

Snapping the five-day winning run, benchmark Sensex dropped by 56 points in a highly volatile trade on Friday after the Reserve Bank of India (RBI) cut the growth projection for 2024-25 and kept the policy rates unchanged.