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Expect retail loans to drive incremental advances

City Union Bank, traditionally focused on MSMEs, has expanded into retail lending. In an interview with Narayanan V, managing director and CEO N Kamakodi explains the rationale behind diversifying its portfolio, and outlines its lending plans. Excerpts

China's exports to US surge amid rising tariff concerns

● Unexpected drop in imports shows weak Chinese demand

A hard 'taskmaster' with 'memory of an elephant'

SANJAY MALHOTRA, A career civil servant who has mostly kept a low profile, was picked as the governor of the Reserve Bank of India (RBI), replacing Shaktikanta Das who is leaving after a six-year stint.

Equity MF inflows in November drop 14%

● Second consecutive month of SIP inflows crossing the ₹25,000-crore mark

Restoring inflation-growth balance most important: Das

The outgoing Governor of the Reserve Bank of India (RBI), Shaktikanta Das, said on Tuesday that restoring the inflation-growth balance is the most important task ahead for the central bank.

Re nears 85 as rate cut bets rise

THE MARKET WILL closely watch the new governor's strategy of handling pressure on the rupee. The market expects the new governor to be more flexible in his policies related to dollar-rupee.

SP Group sells Mumbai land for ₹455 cr

THE SHAPOORJI PALLONJI Group has sold a 19,589.22 sq ft land parcel in the upscale Juhu locality of Mumbai to Agarwal Holdings for ₹455 crore.

GenAI to play key role in fighting cyber risks: TCS

TO COMBAT THE rising menace of GenAI-powered cyberattacks, Tata Consultancy Services (TCS) on Tuesday suggested a counter-intuitive approach: just like fighting fire with fire, organisations must deploy GenAI-powered threat detection and response systems.

Legacy firms wrest 51% of EV 2W pie

THE DELHI-BASED COMPANY also more than doubled its volumes and retained its tag of being the fifth largest player in this category with a 6% market share.

Most APAC firms see benefits of AI in 2-5 years: IBM survey

NEARLY 60% OF surveyed organisations across the Asia-Pacific region (APAC) anticipate realising the benefits of their artificial intelligence (AI) investments within two to five years, a recent study commissioned by IBM, titled \"APAC AI Outlook 2025\", said.

Fintech firm Jar's jewellery e-comm bet yields results

TIGER GLOBAL-BACKED FINTECH startup Jar, best known for its digital gold savings offering, has crossed ₹100 crore in annualised recurring revenue (ARR) from its jewellery e-commerce vertical Nek, just nine months after its launch in February, co-founder and CEO Nishchay AG said.

RPower sets up green arm, names CEO, COO

RELIANCE POWER ON Tuesday announced setting up its renewable energy business arm Reliance NU Energies and appointed Mayank Bansal as chief executive officer and Rakesh Swaroop as chief operating officer of the subsidiary.

Adani seeks fresh lifeline for troubled $2-bn power plant

ADANI POWER is seeking fresh concessions from the Union government for its $2 billion coal-fired plant in eastern India, which is currently struggling with a payments backlog from Bangladesh, the only buyer of its electricity.

‘Nano units helping us bridge service gap for new-age channels’

Hindustan Unilever (HUL), the country's largest consumer goods company, runs a network of 28 factories and 35 warehouses, producing over 75 billion units across 2,000+ products annually.

Global airlines may surpass $1-trn revenue mark in 2025

THE GLOBAL AIRLINE industry is projected to report a net profit of $36.6 billion in 2025, slightly higher than expected this year, helped by lower oil prices and cost control, IATA said on Tuesday.

Will focus on fintech, consumer startups, says Stride Ventures

AS IT LOOKS at its next phase of growth, venture debt firm Stride Ventures will increase focus on investments in consumer, fintech, and cleantech startups and reduce exposure to the B2B sector.

Peripheral areas witness bigger spike in home prices than prime locations

NEWER REAL ESTATE micro markets have seen higher price growth over the past six years than many prime locations across the top 7 cities, a report by Anarock showed.

RIL, L&T arm, ReNew bid for green hydrogen sops

WAAREE, AVAADA ALSO SUBMIT BIDS UNDER TRANCHE II

Amazon enters q-commerce race with 15-minute delivery

JOINING THE RUSH

Stand against China-led investment to continue

INDIA WILL CONTINUE to oppose China's move at the World Trade Organisation (WTO) for an agreement on investment facilitation even though it has garnered support from 128 countries out of 166 members, a senior official said.

List of approved solar models & makers issued

THE GOVERNMENT ON Monday issued an order to include solar cells under the ambit of Approved List of Models and Manufacturers (ALMM) effective from June 1, 2026, a measure aimed to boost domestic manufacturing of solar cells and reduce dependency on Chinese imports.

Oppn submits motion to remove Dhankhar

IN A FIRST, parties of the INDIA opposition bloc on Tuesday submitted a notice to bring a motion in Rajya Sabha for the removal of Vice President Jagdeep Dhankhar, accusing him of \"partisan\" conduct as the chairman of the Upper House.

National Broadband Mission 2.0 in the works

The Department of Telecommunications (DoT) is working on the next leg of the National Broadband Mission to improve connectivity, quality of services, increase broadband penetration, and infrastructure in the country.

India to defend fishing subsidies at WTO meet

INDIA HAS POINTED out that its per capita subsidies to farmers amount to just $35 a year as compared to $76,000 that some of the biggest fishing economies provide and the World Trade Organisation (WTO) should look at per capita rather than aggregate support for fisheries as the trade regulating body discusses further measures to tackle overfishing.

Rail freight loading trails modest Budget estimates

• Just 2.1% growth in April-Nov despite no increase in tariffs

S&P Global: India set for 'resilient' growth in 2025

THE INDIAN ECONOMY is set for resilient growth in 2025 on the back of strong urban consumption, steady service sector growth, and ongoing investment in infrastructure, S&P Global Ratings has said in its 'India Outlook for 2025' note.

Inoperative Jan Dhan accounts have ₹14,750 cr balance

INOPERATIVE BANK ACCOUNTS under Pradhan Mantri Jan Dhan Yojana (PMJDY) have a balance of ₹14,750 crore as of November 20, 2024, the finance ministry informed Rajya Sabha on Tuesday.

Industry body seeks separate policy for stainless steel sector

INDUSTRY BODY ISSDA has urged the government to formulate a separate policy for the stainless steel industry.

Highway construction declines 6.6% on year

HIGHWAY CONSTRUCTION IN the first eight months of this fiscal stood close to 4,900 km, which is 6.6% lower than 5,248 km in the same period last year.

PM to lay out plan for socio-economic growth

● Agenda includes jobs, manufacturing, and MSMEs