CATEGORIES

Samsung plans to re-enter ACs market

Samsung India is planning a comeback into the residential air conditioner (AC) market, which witnessed unprecedented sales growth in summer this year.

Indian IT hiring: '25 promises rebound

Indian information technology (IT) hiring landscape is at a pivotal juncture as it transitions from a year of decline towards a more hopeful future.

India to fund 33 development projects in Sri Lanka

India is to provide ₹237.1 crore to Sri Lanka for 33 development projects in education, health and agriculture sectors in the eastern province.

Akasa Air fined ₹10 lakh by DGCA

The civil aviation regulator, directorate general of civil aviation (DGCA) on Tuesday imposed a fine of ₹10 lakh on Akasa Air for refusing boarding to seven passengers on a Bengaluru-Pune flight.

Bangladesh launches $5bn graft probe against Sheikh Hasina

An anti-graft panel in Bangladesh has launched an investigation against former prime minister Sheikh Hasina and her family in connection with the allegations of embezzling $5 billion in the Rooppur nuclear power plant, according to a media report.

Office space leasing up 14% in top 6 cities

Office space demand remained strong this year with gross leasing of workspace rising 14% to a record 66.4 million sq. ft across six major cities, according to Colliers India.

Guidelines on pesky calls next month

The consumer affairs ministry will release guidelines next month to tackle unsolicited commercial communications or pesky calls, a senior government official said on Tuesday.

Lokpal calls Buch, Moitra for hearing on corruption charge

Ombudsman is hearing complaints filed on basis of Hindenburg Research report

The 'invisible wall' amplifying China's population doom loop

China still has more left-behind children than any country in the world, 67 million in 2020, official data shows

Syria's rebel leaders have control of the country. Now what?

The new Islamist-led government promises moderation, but officials aren't committing to such issues as women's rights or free elections

Smartphone makers are embracing digital detox to fight screen addiction

A study by Vivo found parents spend 5.5 hours and children about 4.5 hours on their phones each day

Gen AI, data centres march into 2025

The Centre is evaluating a $3 bn R&D plan for India to climb up the value ladder-as opposed to being a usage economy

Edtech's focus on profits, new niches sparks renewed investor optimism

Early-stage funding more than tripled to $303.2 million this year, from $100.7 million in 2023

Pre-IPO rounds revive late-stage funding

There was an improvement in both the number and average ticket size of Series D stage and above deals in 2024 versus the year before

Airlines see 12% growth in domestic passengers

Indian airlines carried 14.2 million passengers on the domestic routes in November, up nearly 12% compared to a year earlier, amid rising air traffic demand.

Southern films shine in 2024 led by Malayalam, Tamil hits

South Indian cinema sees 10-15% revenue growth as Hindi films struggle at the box office

Xmas fails to cheer up 2024 box office

Theatres are banking on Pushpa 2, and animation flick Mufasa to carry them through the festive period

Prez Biden to rule on Nippon Steel's $15 billion US Steel bid

Letting Nippon Steel take over US Steel may lead to lower domestic steel output, says CFIUS

Deloitte, 2 former partners penalized over audit lapses

The action stems from Deloitte's alleged failure to identify & report irregularities related to a ZEE FD in Yes Bank

Poly Medicure to focus on medical devices exports

Indian medical equipment manufacturer Poly Medicure Ltd. will continue to focus on export markets amid rising demand in the United States and as global economies look to diversify their supply chains away from China, a top company official said.

Why IRCTC can't earn a 'buy'

Slowing speed

Rising third-party mix, capex boost outlook for JSW Infra

Coasting ahead

Rupee falls 4p to close at a new low of 85.15 to a dollar

The rupee extended the slide for the second straight session and depreciated 4 paise to settle at a fresh all-time low of 85.15 against the US dollar on Tuesday, dragged by a strong greenback against major crosses overseas and subdued domestic equities.

Number of non-farm firms rises 13% to 73 mn: Govt

The number of non-farm firms in the country comprising proprietorships, partnerships and self-help groups increased 12.84% to 73.4 million, the Union statistics ministry said, citing an annual survey of enterprises other than companies for the period October 2023 to September 2024.

China eyes record debt issuance next year to ramp up stimulus

Chinese authorities have agreed to issue 3 trillion yuan ($411 billion) worth of special treasury bonds next year, two sources said, which would be the highest on record, as Beijing ramps up fiscal stimulus to revive a faltering economy.

Key indicators show Q3 recovery, says RBI bulletin

Growth trajectory is poised to lift in H2 of 2024-25 driven by resilient domestic private consumption demand

A looming threat to bitcoin investors: Risk of a quantum-computing hack

A study estimated that a quantum hack of bitcoin would cause more than $3 trillion in losses in crypto, other markets

Persistent, CoRover.ai partner for GenAI integration

IT services firm Persistent Systems has partnered with artificial intelligence (AI) services provider CoRover to drive innovation in the field of multilingual conversational platforms powered by Generative AI (GenAI).

India's push for own satellite constellation draws 30 firms

Thirty Indian companies have answered the space regulator's call to build and operate constellations of Earth observation (EO) satellites in a private-public partnership to reduce the country's reliance on foreign data for defence, infrastructure management and other critical mapping needs.

Singapore leads Hong Kong in race to become crypto hub

Hong Kong's tight curbs on exchanges may have tipped the balance in favour of Singapore