CATEGORIES
Alibaba, E-Mart to form $4-bn e-tail JV in South Korea
ALIBABA GROUP HOLDING agreed to merge its South Korean operations with E-Mart's e-commerce platform to better compete in the country's fast-paced online retail sector.
NBFCs Maintain Double-Digit Credit Growth Last Fiscal
Loans and advances by non-banking financial companies (NBFCs) grew 18.5% in FY24, primarily driven by upper-layer NBFCs, according to the Reserve Bank of India's report on trend and progress, released on Thursday.
Lenders Disburse Loans Worth ₹27K Cr Through ULI
BANKS AND NBFCS disbursed more than 600,000 loans amounting to ₹27,000 crore using Unified Lending Interface (ULI) as on December 6.
Banks' bad loan ratio at 13-yr low on higher recoveries
REDUCTION IN GNPAs, LOWER SLIPPAGES
SMFG India Credit receives ₹3,000 crore from parent
Mitsui Financial Group announced on Thursday that it has infused ₹3,000 crore into its Indian NBFC subsidiary, SMFG India Credit Company, via rights issue.
IndusInd plans to sell ₹1,500-crore bad loans to ARCs
INDUSIND BANK PLANS to sell nearly ₹1,500 crore worth of bad loans, including more than 1 million micro loans with a ticket size anywhere between ₹5,000 and ₹40,000, to asset reconstruction companies (ARCs), in a bid to arrest deterioration in its asset quality.
HC stays Religare AGM, RBI's nod for open offer
IN A SETBACK to the Burman family, the Madhya Pradesh High Court has stayed the approval granted by the Reserve Bank of India (RBI) for making an open offer to acquire an additional 26% stake in Religare Enterprises as well as the company's annual general meeting (AGM) scheduled for December 31.
SECI order: RPower arm gets interim relief from HC
THE DELHI HIGH Court has granted interim relief to Reliance Power's subsidiary, Reliance NU BESS, in a petition pertaining to disqualification from participating in three bids solely on the ground of the debarment order dated November 6, issued by Solar Energy Corporation of India (SECI), against the petitioner.
Housing sales volume may fall 4%
HOUSING SALES ARE estimated to fall 4% this year in seven major cities to nearly 0.46 million units on lower launches, while sales in value terms are up 16% at ₹5.68 lakh crore.
Tata Sons chief sees a golden age for manufacturing
WITH GLOBAL SUPPLY chains increasingly tilting in India's favour, the manufacturing sector is poised for a transformative era, Tata Sons' chairman N Chandrasekaran said on Thursday in his New Year message to employees.
Jubilant Foods inks deal with Coca-Cola
JUBILANT FOOD (JFL) on Thursday said it has signed an MoU with Coca-Cola company to buy sparkling drinks and other products from the beverages major.
Demand shift pushes small cars to oblivion
High Prices A Major Speed-Breaker
Tech landscape: AI regulation, chip push to take centre stage
THE TECH POLICY landscape in 2025 is expected to focus on issues such as the implementation of the data protection law, the possible rollout of the draft of Digital India Act, AI regulation, semiconductor 2.0 incentive scheme and finalisation of the electronics components scheme.
Gujarat traders demand cut in cotton MSP
Amid declining cotton exports and rising imports, cotton traders and associations in Gujarat are urging the government to reduce the minimum support price (MSP) for cotton.
Fadnavis Unveils Good Governance Index
The progress of a state depends on 'ease of living', and this is being prioritised by the Maharashtra government, chief minister Devendra Fadnavis said on Thursday.
Siddaramaiah Takes Dig at BJP for Opposing Proposal to Name Road in Mysuru After Him
KARNATAKA CM Siddaramaiah on Thursday took a dig at the BJP for opposing the Mysuru City Corporation (MCC) council's proposal to name a stretch of road in the city after him.
Slew of laws likely to fix insolvency
PAST YEAR SAW A SLOWING OF RESOLUTION PACE, SUPREME COURT INTERVENTION
KMF Chief Hints at Milk Price Hike After Sankranti
KARNATAKA MILK FEDERATION (KMF) chairman Bheema Naik on Thursday hinted at the possibility of a hike in milk purchase price after Sankranti festival.
Coal Power Plant Growth Holds Near 5-Year High
Power Capacity
2024 Saw Fresh Disputes Between NFRA & ICAI, Stern Action on Big Four
The year 2024 marked a renewal of confrontations between the fledgling audit regulator and the statutory apex body of chartered accountants (CAs), after a spell of harmony.
A year where audit integrity took centre stage
The year 2024 marked a renewal of confrontations between the fledgling audit regulator and the statutory apex body of chartered accountants (CAs), after a spell of harmony.
Adani, IRB among bidders for NHAI assets
Adani Road Transport and IRB Infrastructure are learnt to be among the four firms that have bid to acquire the operational highway projects of National Highways Authority of India (NHAI) under the Toll Operate Transfer (TOT) model for monetisation.
Monetary policy, structural factors too behind slowdown
\"Credit slowed a little too much and quickly in FY25\"
Anti-dumping probe into LNG vessels from China
INDIA'S TRADE DEFENCE body has started an anti-dumping investigation into import of liquefied natural gas (LNG) fuel tanks used in trucks and other vehicles from China.
Rice exports surge after curbs eased
SHARP SPIKE
Exporters seek special support for US markets
Sops to enable additional exports of $25-bn in 3 years
Quick, quicker, quickest...
The q-comm opportunity is pegged at $40 bn by 2030, up from $6 bn in 2024
At the G, India up against Head-strong Australia
● In-form batter declared fit for Boxing Day Test
Prosperity through cooperation
The United National General Assembly (UNGA) adopted a resolution proclaiming 2025 as the International Year of Cooperatives with 'Cooperatives Build a Better World' as the theme.
Russia Launches 'Inhuman' Christmas Day Attacks
RUSSIA ATTACKED UKRAINE'S energy system and some cities with cruise and ballistic missiles plus drones on Wednesday in an \"inhuman\" Christmas Day assault, Ukraine's President Volodymyr Zelenskiy said.