CATEGORIES

In farewell speech, Biden warns against growing oligarchy in US

Presidents who did not recontest IN JULY 2024, Joe Biden announced that he would not be seeking a second term. However, he is not the only incumbent president who decided not to run for a second term.

Kalyani siblings spar over Vaghul letters

A FIERCE DISPUTE has erupted between the Baba Kalyani and Hiremath families over letters written by the late N Vaghul in 2012 and 2023, addressing family arrangements and asset division among the Kalyani siblings.

Spencer's Retail forays into q-comm with JIFFY

SPENCER'S RETAIL, the retail arm of the RP Sanjiv Goenka group, entered the quick commerce sector with JIFFY, its new online platform, on Thursday, starting with Kolkata.

8th Pay Commission to be formed, 11.5 mn to benefit

CONSUMPTION BOOSTER TO TAKE EFFECT FROM FY27

UK economy grows by just 0.1% in Nov

BRITAIN'S ECONOMIC OUTPUT returned to growth in November, the first month after finance minister Rachel Reeves announced big tax increases for businesses, but the expansion was smaller than expected.

Over 80% firms seek wider PM internship scheme coverage

THE PM INTERNSHIP scheme has gained traction with Corporate India with as many as 81% of companies supporting the scheme to be extended to all firms, according to a survey by TeamLease EdTech.

Partners, not rivals, in delivery ecosystem

The synergistic relationship of GCCs and GSIs will continue to fuel India's technological prowess as it supports the front and back offices of companies

Rural India Extends Lead in Internet Usage: Study

The gap between the number of internet users in rural and urban India has grown, with rural areas adopting the internet at a faster pace, according to a report by IAMAI and market research firm Kantar.

Govt to provide excellent support to startups: Goyal

COMMERCE AND INDUSTRY minister Piyush Goyal on Thursday assured 'excellent' support to startups and said domestic investors are now also recognising capabilities and the value proposition of investing in these enterprises.

A first: Isro docks 2 satellites in space

IN A MAJOR boost to India's ambitious future space missions, ISRO on Thursday successfully performed the docking of satellites as part of the Space Docking Experiment (SpaDeX) and announced that post-docking, control of two satellites as a single object was also achieved.

Delivery dilemma

Why criticism against q-comm practices is growing

Infosys adds 5,591 staff in Q3, to hire over 20,000 in FY26

BENGALURU-BASED INFOSYS added 5,591 to its headcount in the quarter ended December, taking the total headcount to 3,23,379.

4 in 5 professionals looking for a new job in 2025: Study

OVER FOUR IN five (82%) professionals in India are gearing up for a job hunt this year, even as more than half (55%) report that finding a job became tougher in 2024, according to LinkedIn.

Agri & processed food exports grow over 11% to $17.77 bn

INDIA'S EXPORTS OF agricultural and processed food products rose by more than 11% year-on-year to $17.77 billion during April-December of the current financial year, after the government removed most of the restrictions on rice shipments.

Amazon to acquire BNPL startup Axio

E-COMMERCE GIANT AMAZON is set to acquire Indian startup Axio, an online lending platform offering point-of-sale financing.

With VRR window open, bond buyback sees limited success

Tepid Response

Jio profit jumps 4.9% to ₹6,861 cr, Arpu at ₹203

DRIVEN BY TARIFF HIKES; REVENUE UP 4.3% TO ₹33,074 CR

Nate Anderson: The self-proclaimed messiah

The decision to disband now is curious. Anderson's reply, \"There is not one specific thing - no particular threat, no health issue, and no big personal issue.\"

Next fundraise may trim govt holding to below 75%: BOM MD

BANK OF MAHARASHTRA (BoM) on Thursday said the next round of capital raise is expected to bring down the government holding in the lender to below 75%.

India likely to maintain strong growth in 2025: WEF report

THE GLOBAL ECONOMIC outlook for 2025 remains \"subdued\", but India is likely to maintain a \"strong growth\", according to a World Economic Forum (WEF) report.

Bezos blasts into commercial space race

BLUE ORIGIN'S GIANT New Glenn rocket blasted off from Florida early Thursday morning on its first mission to space, an inaugural step into Earth's orbit for Jeff Bezos' space company as it aims to rival SpaceX in the satellite launch business.

RBI Relaxes FEMA Regulations to Boost Cross-Border Trade

Exporters will now be able to open accounts in any foreign currency overseas to settle trade transactions. RBI to permit overseas branches of authorised banks to open rupee-accounts for anyone residing outside the country. Decision comes at a time when the rupee is sliding and touched an all-time low of 86.70 per dollar on Monday. In July 2022, an additional arrangement in the form of Special Rupee Vostro Account was introduced. RBI has already signed MoUs with central banks of the UAE, Indonesia and the Maldives. RBI has also allowed NRIs to use such balances in rupee a/cs for foreign investments

RBI Receives Bids Worth ₹30,760 Cr in VRR Auction

● Primary dealers emerged as main participants

Both apps of ShareChat to turn profitable by Apr: CBO

ShareChat expects its apps, ShareChat and Moj, to turn profitable by April, company's chief business officer Gaurav Jain said.

Govt looking at impact of US curbs on AI chip export

The government is evaluating the impact of the US proposal to cap exports of AI chips worldwide on India's plan to drive the adoption of artificial intelligence locally, a senior official said on Thursday.

NCLAT to decide on Meta plea next week

THE NATIONAL COMPANY Law Appellate Tribunal (NCLAT) has admitted Meta's plea challenging a ₹213.14 crore penalty imposed by the Competition Commission of India (CCI) for alleged abuse of market dominance.

BofA profit jumps on trading boost

BANK OF AMERICA'S profit beat expectations on Thursday as its traders benefited from a flurry of activity in the fourth quarter while the lender predicted it would earn more interest income in 2025.

Reliance Retail profit surges 10% in Q3 on festive rush

Reliance Retail Ventures (RRVL) reported a 10% year-on-year growth in net profit to ₹3,458 crore for the three months ended December 31, 2024 (Q3FY25), driven by strong festive demand. Gross revenue crossed ₹90,000 crore, with net revenue growing 7% year-on-year to ₹79,595 crore.

Hydrocarbon sector seeks cut in cess & regulatory reforms

Run-up To The Budget 2025-26

LTIMindtree Q3 net profit falls 7.14% to ₹1,085 cr

IT SOLUTIONS PROVIDER LTIMindtree on Thursday reported a 7.14% decline in consolidated net profit to ₹1,085.4 crore in the December quarter of FY25.