CATEGORIES

Pakistan's inflation hits 81-month low of 4.1% in Dec

Path Towards Economic Recovery

Russia and Ukraine cease five decades of gas transit to EU

Ukraine to give up long-held strategic position

Foreign flows into govt bonds to come off record highs

FOREIGN FLOWS INTO government bonds are set to decline in 2025, after spiking to a record high in 2024 as the debt got added to JPMorgan's emerging market debt index, investors said.

RPower Rallies as Arm Repays $150 Million to IIFCL, UK

Reliance Power on Wednesday said its arm Sasan Power has made a bullet payment of $150 million to IIFCL, UK, fulfilling its debt obligation on December 31.

Banks' loan growth drops for fifth straight month in Nov

BANKS' CREDIT GROWTH moderated for the fifth straight month in November, driven by a slowdown in unsecured and personal loan segments, data released by the Reserve Bank of India (RBI) showed.

New year brings stricter regulatory oversight for HFCs

WITH THE RESERVE Bank of India's (RBI) new guidelines coming into effect on Wednesday, housing finance companies (HFCs) are stepping into the new year under stricter regulatory oversight.

Indices Begin 2025 on a High

FPIs Continue Selling Spree

UPI Transactions Hit Record High in Dec; Value at ₹23.25L cr

DIGITAL TRANSACTIONS CONTINUED their upward trend in December, with the number of transactions on the Unified Payments Interface (UPI) rising 8% month-on-month to hit a record of 16.73 billion, according to data from the National Payments Corporation of India (NPCI).

Nishant Pitti resigns as CEO of Easy Trip Planners

EASY TRIP PLANNERS, the parent company of online travel booking platform EasyMyTrip, announced the resignation of its CEO Nishant Pitti on Wednesday, adding that Pitti was stepping down for personal reasons.

Accel raises $650 million for eighth India fund

ACCEL HAS RAISED $650 million (₹5,500 crore) for its eighth India fund, according to the US Securities and Exchange Commission filings, seen by FE.

Zoomcar eyes expansion for newly launched cab service

Piloting Chauffeur-Driven Cabs

Snapdeal trims FY24 losses by 43%

E-COMMERCE PLATFORM SNAPDEAL has reduced its losses considerably in FY24, despite near-flat revenue growth during the year.

Q-comm delivers record sales on New Year's Eve

QUICK COMMERCE FIRMS saw their sales soar to unprecedented levels on December 31.

India Poised to Lead Global Supply Chains: Anand Mahindra

INDIA HAS THE potential to significantly bolster its economic stature and establish itself as a pivotal player in the global supply chain, according to Mahindra Group chairman Anand Mahindra.

AI first airline to roll out Wi-Fi on domestic fleet

AIR INDIA HAS covered a lot of ground since privatisation and its global coverage will further increase in the years ahead, the airline's chief Campbell Wilson said on Wednesday.

SUV demand puts Dec PV sales in the fast lane

Sales hit 4.3 million in 2024, marking 4.8% growth

Electronics Sector Seeks Cut in Duties, Tariff Slabs

In the run-up to the Budget 2025-26, the India Cellular and Electronics Association (ICEA) has urged the government to simplify the tariff structure and sought a reduction in duties on electronics parts and components used in mobile phones, television sets, hearables, and car displays.

Two crop insurance schemes to run till FY26

THE UNION CABINET on Wednesday extended two crop insurance schemes — the Pradhan Mantri Fasal Bima Yojana (PMFBY) and the Restructured Weather Based Crop Insurance Scheme (RWBCIS) — by one more year till 2025-26 to align their implementation with the 15th Finance Commission period.

18 Former MoS, 12 Ex-MPs Still Have Security

Audit finds no security review done in a long time

FY25 Tobacco Exports to Top ₹13,000 Cr

Higher yields & prices drive growth; no increase in area under tobacco cultivation

IREDA loan disbursements up 41%

STATE-OWNED INDIAN RENEWABLE Energy Development Agency (IREDA) sanctioned loans worth ₹31,087 crore in the third quarter of the current financial year, up 129% from ₹13,558 crore in the same period last year, according to provisional data provided by the company.

Govt cuts jet fuel price by 1.5%, commercial LPG by ₹14.5/cylinder

THE PRICE OF jet fuel, or ATF, on Wednesday was reduced by 1.5% and the rate of commercial LPG that is used in hotels and restaurants was cut by ₹14.5 per 19-kg cylinder in the monthly revision done in line with benchmark international prices.

2024 Was Warmest Since 1901; Jan 2025 to Be Relatively Warm

THE YEAR 2024 was the warmest on record in India since 1901, with the average minimum temperature settling 0.90 degree Celsius above the long-period average, Mrutyunjay Mohapatra, director general of the India Meteorological Department (IMD), said on Wednesday.

CCI Seeks More Info on Charges Against Quick-Commerce Firms

The Competition Commission (CCI), which has received a complaint of anti-competitive practices against quick commerce companies, is waiting for more information on the allegations from the complainant before taking a decision on the matter.

RIL Spent $13 Billion on Acquisitions in 5 Years

RELIANCE INDUSTRIES HAS spent $13 billion on acquisitions in the past five years across new energy, telecom, retail, and media business to script a pivot away from core oil and petrochemicals business to clean energy and consumer-facing verticals.

Thomas Cook reports cyberattack on IT infra

Thomas Cook (India) on Tuesday said there has been a cyberattack on its IT infrastructure and it is working with security experts to support its investigation and take remedial action.

BAA plans to open pilot training centre in India

BAA TRAINING, A global aviation training provider, is considering establishing a pilot training centre in India to capitalise on the predicted surge in air travel demand in the country.

BPCL boosts West Asian oil imports

BHARAT PETROLEUM, one of the largest refiners in India, has been forced to seek alternative and more expensive crude cargoes from West Asia to make up for lower supplies from Russia, putting a spotlight on shifting export patterns as traders focus on the global market's prospects in 2025.

Bajaj Auto topples Ola

TO COUNTER THESE challenges, Ola Electric opened 3,200 new stores in a single day last week, bringing its total network to 4,000 showrooms and service centres nationwide.

Market share cap for UPI postponed by two years

THE TWO FIRMS processed a combined 13.1 billion transactions in November, the data showed.\"The decision to delay the market share cap is aimed at not hindering the growth of the UPI ecosystem while also giving other players the time to grow,\" a person familiar with the discussions said, speaking on the condition of anonymity.