CATEGORIES

Zepto Sets Up New Entity to Shift to Marketplace Model

Zepto has set up a new entity, Zepto Marketplace, to rejig its operations from a B2B model to a marketplace model, according to people in the know.

India's smartphone market to hit $50-bn milestone in 2025

THE COUNTRY'S SMARTPHONE market is expected to cross $50 billion (₹4.3 lakh crore) in value in 2025, according to Counterpoint Research.

Vande Bharat sleeper trains set for May launch

WITH SUCCESSFUL TRIALS of the Vande Bharat sleeper trains at a peak speed of 180 kmph, the railways is gearing up to upgrade its premium long-distance passenger services.

MSP Paddy Purchases Cross Last Year's Level

DESPITE A SLUGGISH commencement of procurement caused by storage crunch in Punjab, the government's paddy procurement for the 2024-25 season (October-September) has surpassed 48.3 million tonne (MT), slightly higher than last year.

Govt boosts gas supplies to CGD firms, stocks rise

AROUND 1.27 MMSCMD OF GAS HAS BEEN REALLOCATED

CPSE dividend receipts at 86% of FY25 target

Dividends likely to exceed the Budget target by a decent margin

Major infra, slum redevelopment plans for Mumbai North in 2025

UNION MINISTER PIYUSH Goyal has said slum redevelopment, and fast-tracking key projects like road and railway line extensions, are among the major initiatives planned this year to significantly transform the urban landscape of his Lok Sabha constituency.

Import of oil from Russia falls 13% in Dec

INDIA'S IMPORT OF Russian crude oil declined by 13.2% to 1.39 million barrels per day in December against 1.61 million barrels per day in November, data from Vortexa showed.

EVs Don't Need Additional Subsidies

Industry demands infrastructure status for battery charging facilities

Govt open to make it easier for startups to return to India

The government is open to ideas to make it easier for startups that have migrated overseas to return, commerce and industry minister Piyush Goyal said on Friday.

India Looking for Deep Ties With Trump Govt: Goyal

INDIA IS LOOKING forward to a deep and substantive engagement with the incoming Trump administration that assumes office later this month, commerce and industry minister Piyush Goyal said on Friday.

White-collar hiring up 9% in December

HIRING FOR white-collar jobs in India rose 9% in December compared to the same month in the previous year, a survey released on Thursday showed.

Manu, Gukesh Among 4 to Be Awarded Khel Ratna

DOUBLE OLYMPIC-MEDAL-LIST Manu Bhaker and chess world champion D Gukesh were among four winners of the Major Dhyan Chand Khel Ratna award announced by the Sports Ministry, which also named an unprecedented 17 para-athletes in the list of 32 Arjuna awardees to honour their resounding success at the Paris Paralympics.

Norms for capex release...

Minimising Shortfall

Indices soar nearly 2%

EQUITY INDICES OF China, Hong Kong, and Thailand declined by up to 2.66%, while Indonesia (up 1.18%), Australia (up 0.53%), and Singapore (up 0.35%) ended with gains.

When big idea met big tech

AI IN ADVERTISING

Rein in tax terrorism

WE NEED A TRANSPARENT SYSTEM THAT CURBS LITIGATION AND A QUICK RESOLUTION PROCESS

A 'Made in China' Crisis Awaits Big Auto

When Jaguar's \"copy nothing\" brand reboot hit late last year, one self-styled car enthusiast replied on X: \"What the actual hell is this.\" Jaguar's response: \"The future.\" That remains to be seen. But the ad, unfamiliar and unsettling, does at least work as a portent of what's coming for the global auto industry.

H-1B Visa Flip-Flop

Trump must convince hardliners that giving US access to the world's best and brightest is essential to its future

Lessons from Manmohan Singh

Singh, as an RBI governor living through the permissive 1980s, understood the value of fiscal conservatism and implemented it as finance minister

China's Late-Year EV Sales Boom Gives Way to Rocky 2025

CHINESE ELECTRIC VEHICLE makers led by BYD saw a late-2024 sales boom that's set to give way to another bruising year as carmakers face risks to demand both at home and abroad.

New Orleans attack: Accused was inspired by Islamic State

A Tesla Cybertruck exploded in flames outside the Trump International Hotel Las Vegas on Wednesday, killing the driver and injuring seven others, and the FBI was investigating whether the blast was an act of terrorism, officials said.

Europe, Asia factories end 2024 on weak footing

FACTORY ACTIVITY IN Asia and Europe ended 2024 on a soft note as expectations for the new year soured amid growing trade risks from a second Donald Trump presidency and China's fragile economic recovery.

US Jobless Claims Fall to Eight-Month Low

INITIAL APPLICATIONS FOR US unemployment capped 2024 at an eight-month low, reflecting the relatively muted levels of job cuts in a labor market that has remained surprisingly resilient.

First in a decade: Tesla annual EV sales drop

TESLA'S ANNUAL VEHICLE sales dropped for the first time in more than a decade despite a year-end push that sent deliveries to a record in the fourth quarter.

Apple Offers Big Discounts on New iPhone Models in China

APPLE IS OFFERING rare discounts of up to 500 yuan ($68.50) on its latest iPhone models in China, as the US tech giant moves to defend its market share against rising competition from domestic rivals like Huawei.

Rupee Closes at Another Record Low

The rupee closed at its weakest closing level on record for the eighth consecutive session on Thursday, as a widened arbitrage between the non-deliverable and outright forwards market added to the currency's troubles.

Taking the middle path with diverse investments is key

The stock market has been going through tough times, but the good news is that retail investors have continued to invest in systematic investment plans (SIPs), says Radhika Gupta, MD & CEO, Edelweiss Asset Management Company. Gupta tells Akshata Gorde that the SIP book, currently at ₹25,000 crore a month, will rise to ₹80,000-90,000 crore by 2030. Excerpts:

Banks' Credit Growth to Be Subdued: ICRA

ICRA has revised downwards its credit growth estimate to 10.5-11% for the current financial year from the earlier 11.6-12.5%.

Microfinance firms' shares surge as MFIN defers capping lenders

SHARES OF MICROLENDERS, including CreditAccess Grameen, Spandana Sphoorty and Equitas Small Finance Bank, rallied on Thursday after the Microfinance Institutions Network (MFIN) decided to defer by three months the implementation of limiting the number of lenders to three per borrower.