CATEGORIES

With rider, diabetics get cover from Day 1

● Immediate coverage helps those buying their first health plan

Not your fault if employer did not deposit TDS

● My previous employer had deducted the TDS before giving the salary every month, but did not deposit it to the government. Will the tax department recover the amount from me?

Netflix's flip-flop on parental leave: Just PR?

HERE's SOME FREE advice for HR departments: If you don't want your employees to make use of the benefits you offer, avoid launching a media blitz to promote just how great they are.

A new wave in solar technology

India topped the global charts in solar PV capacity via auctions, with a notable auction price of $34/MWh

No permanent crutch

Fewer EV buyers availing subsidies is the sign of a maturing market

SpaceX headquarters to be in Texas, reveals Musk

ELON MUSK RENEWED his long-standing feud with the Securities and Exchange Commission (SEC) on Thursday by posting a letter that said the agency is investigating his brain-computer interface firm, Neuralink.

SpaceX headquarters to be in Texas, reveals Musk

ELON MUSK SAID on social media platform X on Thursday that the SpaceX headquarters will now officially be in the city of Starbase, Texas.

Comcast, Warner Bros Discovery to lead 2025 deal-making

Orchestrating Corporate Maneuvers

UK economy shrinks for second month

BRITAIN'S ECONOMY SHRANK for a second month in a row in October in the run-up to the government's first budget, the first back-to-back falls in output since the onset of the COVID-19 pandemic, and a setback for new finance minister Rachel Reeves.

Eric Trump says he's 'wrong guy' to gain US favour

THE TRUMP TRANSITION team wants the incoming administration to drop a car-crash reporting requirement opposed by Elon Musk's Tesla, according to a document seen by Reuters, a move that could cripple the government's ability to investigate and regulate the safety of vehicles with automated-driving systems.

Israelis find ways to watch 'The Bibi Files'

Veteran documentarian Alex Gibney, who in a decades-long career has tackled many a thorny issue, wasn't planning a film about Israel—until one day last year, when a stunning leak fell into his hands.

Deposits top credit growth

UNSECURED LOANS MODERATE AFTER RBI DIRECTION

Sebi lists exclusions from pro rata distribution for AIFs

SEBI ON FRIDAY clarified the non-applicability of its pro rata distribution mandate for alternative investment funds (AIFs).

Forex reserves decline to over five-month low

INDIA'S FOREIGN EXCHANGE reserves fell by $3.2 billion to a more than five-month low of $654.86 billion as of December 6, data from the Reserve Bank of India (RBI) showed on Friday.

FPIs turn sellers of G-Secs as rate differential narrows

FOREIGN PORTFOLIO INVESTORS (FPI) have turned net sellers in the Indian G-Sec market this week, after being net buyers in the first week of December.

Aviva India cleared brokerage model queried by tax officials

AN AVIVA BUSINESS model that tax officials say was used to pay agents unlawful commissions from 2017 to 2023 was rolled out internally in 2013 and approved in writing by top India executives, a confidential company document shows.

SpiceJet clears staff's pending PF dues

DOMESTIC CARRIER SpiceJet on Friday said it has cleared all the pending employee provident fund (PF) dues of its employees, amounting to ₹160.07 crore.

V-shaped recovery seen for indices

STRONG BUYING IN index heavyweights like telecom, IT, FMCG, and banking sectors fuelled Friday's rally.

Wardwizard launches e-two, three wheelers

VADODARA-BASED WARDWIZARD Innovations & Mobility on Friday announced the launch of four electric three-wheelers and an electric scooter to expand its offering in the two keenly-contested segments.

Tax blow to Swiss arms of India Inc

AT PRESENT, THE MFN clause in the DTAA enables Indian subsidiaries in Switzerland to pay a lower rate of withholding tax to Swiss authorities on certain types of incomes, namely dividends, interest, royalties, or fees for technical services.

Nuvama Wealth picks up Oyo shares worth ₹100 cr

NUVAMA WEALTH AND Investment has acquired shares worth ₹100 crore in Oravel Stays, the parent company of Oyo, through a secondary transaction at ₹53 per share that valued the travel-tech unicorn at $4.6 billion, according to sources.

Apple to assemble AirPods in Telangana by early 2025

APPLE WILL BEGIN producing its AirPods wireless earphones in India for the first time early next year, marking a milestone in the iPhone maker's steady push to diversify beyond China.

Shorter furloughs, weak Re may aid IT firms' Q3 margins

SHORTER FURLOUGHS THAN last year, when they were extended due to soft demand scenario, coupled with depreciating rupee, are expected to protect the margins of IT firms during the October-December period, which is otherwise seen as a weaker quarter.

SaaS startups shift focus to tier 2, 3 cities

SAAS (SOFTWARE AS a Service) startups, once primarily targeting global markets, are increasingly turning their attention to India's tier 2 and 3 cities to fuel growth.

Tier 4 towns, Gen Z boost Meesho's orders

E-COMMERCE UNICORN MEESHO, which primarily serves shoppers beyond tier 1 cities and metros, has recorded a 35% year-on-year rise in the number of orders placed on its platform this year.

Zepto FY24 revenue more than doubles to ₹4,454 cr

● Eyes profitability and listing by FY26

PV sales grow 4% in Nov, but two-wheelers see 1% decline

HIGH INVENTORIES

Carlyle mulls $1-bn IPO of Quest Global

MARKETS ON A HIGH

ONGC likely to list green energy arm in 2025-26

STATE-RUN ONGC is likely to come out with an initial public offering (IPO) for its green energy subsidiary, ONGC Green in the next financial year 2025-26, according to the company's Director (Exploration), Sushma Rawat.

PF withdrawals via ATMs likely from early next year

● Current checks and balances may get reduced