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Don't bank on your banking job outlasting AI

OVER THE PAST few months, I've had occasion to speak at a number of conferences concerned with the impact of artificial intelligence on financial jobs.

Bond yield logs biggest single-day rise in 7 mths

GOVERNMENT BOND YIELDS marched higher on Monday, with the benchmark yield logging its biggest single-session rise in over seven months, as US Treasury yields continued to rally after robust economic data, while a tumbling rupee also weighed on sentiment.

Rupee fall casts shadow over policy rate cuts

A SIGNIFICANT DEPRECIATION in the rupee could defer rate cuts by the Reserve Bank of India (RBI), as it fuels inflation by making imports more expensive.

Sinking rupee, surging oil drive indices to 7-mth low

BSE Midcap and BSE Smallcap Intra-day performance chart

US sanctions on Russia crude: Oil jumps to over $80

THE OIL SAGA

Imported inflation, fiscal costs remain key worries

THE RUPEE'S SHARP slide has the immediate effect of jacking up imported inflation.

Will we ever see 85 again?

BOY, THAT WAS quick. The rupee had slipped from a wobbly 83+ before Trump's election through 84 and accelerated through 85, and finally, on Monday morning, fell screaming through 86 to the dollar.

Rupee unlikely to breach the 88-mark in FY25: Experts

THE RUPEE HAS fallen 232 paise, or 3.37%, since the US Federal Reserve cut interest rates in September for the first time in four years, but the majority of market participants believe that it will not breach the 88-mark by the end of this fiscal.

Overseas study, travel to cost more

BE READY FOR ADDITIONAL SPENDING

Dabur vs Tata in HC over chutney name

FMCG GIANT DABUR will respond to a notice issued by the Delhi High Court in a trademark infringement case on February 5.

WeWork India raises ₹500 cr via rights issue

CO-WORKING MAJOR WeWork India announced on Monday that it has raised ₹500 crore through a rights issue of securities.

PAG Buys Stakes in Manjushree, Pravesha

ASIA PACIFIC-FOCUSED PRIVATE equity firm PAG on Monday announced that it has signed a pact to acquire a stake in Manjushree Technopack, one of the country's largest rigid plastic packaging firms.

Captain Fresh Narrows Loss, Logs Jump in FY24 Revenue

TIGER GLOBAL-BACKED B2B seafood chain Captain Fresh reduced its net loss by 22% to ₹229 crore in FY24, while growing its topline by almost 70% to ₹1,395 crore.

Hiremath seeks a third of Kalyani family fortune

FAMILY FEUD

Jio, Yotta, 11 others present AI compute infra plans to MeitY

HIRANANDANI-BACKED YOTTA, TATA Communications, Jio, CtrlS and E2E Networks were among 13 companies that presented their technical presentations before the ministry of electronics and information technology (MeitY) on Monday, to make available the AI compute infrastructure in the country, sources said.

E-comm platforms see jump in e-scooter sales

E-COMMERCE PLATFORMS IN India are experiencing unprecedented growth in electric two-wheeler (E2W) sales, albeit from a low base, driven by an omnichannel strategy adopted by both traditional OEMs and new-age EV manufacturers.

Path cleared for Zepto to merge units

NO NEED FOR RBI APPROVAL

TVs, refrigerators, ACs may get dearer by 5% on falling Rupee

PRICES OF TVs, washing machines, air conditioners and refrigerators may go up by at least 5% as the rupee continues to depreciate.

Realty Attracts 6% More PE Funding in Apr-Dec

The private equity (PE) landscape in Indian real estate for the first nine months of FY25 reveals a shift despite declining deal numbers.

HCLTech misses Q3 estimates

• Slight drop in deal activity to $2.1 bn

Headcount rises by over 2,000 employees

HCLTECH, THE COUNTRY'S third-largest IT services provider, added 2,134 employees in the December quarter, bringing its total headcount to 220,755.

Telcos May Further Hike Tariffs by 10%

Focus on Monetisation

Tech firms likely to challenge Trai's international SMS rules

GLOBAL COMPANIES SUCH as Truecaller, Amazon and Uber are likely to urge the department of telecommunications (DoT) to not expedite approval to recommendations by the Telecom Regulatory Authority of India (Trai) on international SMS traffic.

Trump Tariff Burden on India Pegged at $14.6 Billion

IF THE INCOMING Donald Trump administration goes ahead with the proposed tariff hikes, it would result in an additional duty burden of $14.6 billion on India's exports to the US, according to a report by Boston Consulting Group (BCG).

Import duty tweaks to boost local manufacturing sought

AS IMPORT TAXES cease to be a major revenue source for the government, the Budget for FY26 should be used to strategically adjust the rates to boost domestic manufacturing and bring average tariffs down, trade policy think tank GTRI said on Monday.

Hopeful about higher agri growth in FY25: Principal secy to PM

THE AGRICULTURE AND allied sector is poised for stronger growth in FY25, driven by favourable monsoon conditions, according to P K Mishra, principal secretary to the Prime Minister.

Direct tax collections rise 15.9% to ₹16.9 lakh cr

THE CENTRE'S DIRECT tax collections, after refunds, grew 15.9% year-on-year to ₹16.9 lakh crore till January 12 in the current financial year, data released by the finance ministry showed on Monday.

Food inflation down to 8.34% in Dec

More Relief In Sight

Finished steel imports at 6-year high

INDIA'S FINISHED STEEL imports hit at least a six-year high in the first nine months of FY25, according to provisional government data.

Disruption to Russian oil supply unlikely till March

THE GOVERNMENT DOES not expect any disruption to Russian oil supply in the next two months, given that US-sanctioned tankers are allowed to deliver crude until March, a senior official said on Monday.