CATEGORIES

Barclays in the fray to take over Apple's credit card business

APPLE IS in talks with Barclays to replace Goldman Sachs as the tech giant's credit card partner, said two sources familiar with the matter, as the Wall Street giant steps back from its consumer finance ambitions.

Kirloskar Oil Engines vs Sebi: KBL plea to intervene allowed

KIRLOSKAR BROTHERS (KBL) was granted permission on Thursday to intervene in the Kirloskar Oil Engines (KOEL) versus markets regulator Securities Exchange Board of India (Sebi) case before the Securities Appellate Tribunal (SAT).

iPhone Market Share in India Touches 10%

Apple breaks into India's top five smartphone brands

Morgan Stanley profit more than doubles

MORGAN STANLEY'S PROFIT more than doubled in the fourth quarter, fuelled by a wave of deal-making and stock sales that drove its revenue to a full-year record.

Ficci lowers FY25 growth forecast to 6.4%

INDUSTRY BODY FICCI on Thursday lowered India's growth projection for the current financial year to 6.4% from 7% estimated earlier.

Pannun Plot: Panel Seeks Legal Steps Against 'Individual'

A high-powered panel set up by the Union government to examine inputs provided by the US on an alleged plot to kill Khalistan separatist Gurpatwant Singh Pannun has submitted its report and recommended \"legal action against an individual,\" the Ministry of Home Affairs (MHA) said on Wednesday.

HDFC Life Q3 profit climbs 15%

HDFC LIFE INSURANCE on Wednesday reported a 15% year-on-year rise in its standalone net profit for the third quarter at ₹414.94 crore.

'AI, GenAI to fuel IT industry recovery in FY26'

With clients reducing discretionary spends on a challenging macroeconomic environment and Donald Trump 2.0 steering higher charges for H-1B visa, the IT services industry is facing headwinds.

Trade deficit at $21.9 bn; exports fall 1% in Dec

THE TRADE DEFICIT in December 2023 was $18.1 billion.

Fighting BJP, RSS and the Indian State: Rahul

BJP accuses him of attempts to break India

Ensuing liquidity boost pushes major funds to ramp up positions

MAJOR FIXED-INCOME FUNDS are ramping up positions as they prepare for the Reserve Bank of India to start easing monetary policy this year.

Goldman Sachs profit soars on trading boost

GOLDMAN SACHS POSTED its biggest profit since the third quarter of 2021 to beat Wall Street expectations, driven by bankers who brought in more fees from dealmaking, debt sales and strength in trading.

CEA Among Candidates for Post of RBI Dy Guv

PATRA WAS IN charge of the crucial monetary policy department; on Tuesday, deputy governor M Rajeshwar Rao was given the temporary charge of the department.

Eka Mobility plans ₹2,000-cr investment

PUNE-BASED ELECTRIC BUS maker Eka Mobility will launch 6-7 electric commercial vehicles over the next 18 months and expand production capacity at an investment of ₹2,000 crore.

Helping startups scale up business

Govt support can serve as a catalyst for growth

Jio Finance in talks with lenders for maiden debt sale

JIO FINANCE, A shadow lender owned by Asia's richest businessman Mukesh Ambani, is in talks with several lenders to make its first foray into the local currency debt market, according to people familiar with the matter.

Joint efforts of startups, legacy players and academia key drivers of success

INDIA IS THE third-largest startup ecosystem in the world with 160,000 registered startups creating over 1.6 million employment opportunities.

AI to power 40% of utility control rooms, says Gartner

BY 2027, 40% of control rooms in the power and utilities sector will deploy AI-driven operators, according to Gartner.

India to play key role in global security: PM

IN A FIRST, NAVY GETS 3 VESSELS SIMULTANEOUSLY

Apparel retail may expect recovery in H2

THE APPAREL RETAIL sector in India is likely to show signs of recovery in the second half of FY25 due to improved consumer finances and a higher number of wedding days, India Ratings and Research (Ind-Ra) said on Wednesday.

FPOs doing well need support to scale up

Diversified conglomerates ITC, one of the largest private procurers and processors of agricultural commodities in the country, purchases around 3 million tonne of grains, pulses, oilseeds and other commodities from farmers annually.

Niti to evaluate Ujjwala Yojana & targeted subsidy

NINE YEARS AFTER the Pradhan Mantri Ujjwala Yojana (PMUY) was launched to provide affordable and clean cooking fuel to poor families, the Niti Aayog will conduct an evaluation of the scheme and targeted subsidy to PMUY beneficiaries on aspects such as scope for further improvement, equity and relevance.

UK inflation cools to 2.5%, misses estimate

INFLATION IN THE UK unexpectedly fell in December, a move that will likely fuel pressure on the Bank of England to cut interest rates again next month.

In letter to countrymen, Biden says 'soul of America' at stake

COMING OUT OF the worst pandemic in a century and the worst economic crisis since the Great Depression, the United States in four years under Joe Biden's leadership has emerged stronger, more prosperous, and more secure, the outgoing US President said in a letter Wednesday.

NPAs of SFBs to rise in FY25: Icra

RATING AGENCY ICRA on Wednesday said small finance banks (SFBs) will see an uptick in delinquencies in FY25, and the asset growth will slow down to 18-20%.

Meta Apologizes for CEO's Remark on India Elections

META INDIA ON Wednesday apologized for CEO Mark Zuckerberg's recent remarks that the incumbent government lost power in the 2024 elections.

DPIIT & ITC Join Hands to Help Manufacturing Sector Startups

The Department for Promotion of Industry and Internal Trade (DPIIT) has entered into a partnership with cigarettes-to-consumer goods conglomerate ITC to help startups in the manufacturing sector, according to a statement.

Meta warns CCI ruling may force rollback of features

META MAY HAVE to \"roll back or pause\" some features in India due to an antitrust directive which banned its WhatsApp messaging service from sharing user data with Meta for advertising purposes, according to a court filing by the US company seen by Reuters.

Sundaram Alternates raises ₹1,000 cr for realty fund

SUNDARAM ALTERNATES, PART of Sundaram Finance, on Wednesday said it has made the first close of ₹1,000 crore for its real estate fund.

Pixxel, Digantara Launch Satellites

Boost to Space Sector