CATEGORIES

Sebi introduces MF Lite framework

Index and exchange-traded funds (ETFs) to schemes sponsored by private equity funds will be eligible to be covered under the MF Lite framework on meeting certain conditions as the market regulator aims to simplify the operations of passively managed mutual funds.

RIL's acquisitions: $13 bn spent in 5 yrs

Billionaire Mukesh Ambani's Reliance Industries Ltd (RIL) 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.

Interest on PPF, NSC unchanged

The government on Tuesday left the interest rates unchanged on various small savings schemes, including Public Provident Fund (PPF) and National Savings Certificate (NSC), for the fourth straight quarter beginning 1 January 2023 and ending 31 March 2025.

Rupee declines to record closing low

The rupee declined to a record closing low for the sixth consecutive session on Tuesday, weighed down by a decline in most Asian currencies alongside expectations that it is headed for more losses in 2025.

NaBFID invests ₹745 cr in NDR InvIT

The National Bank for Financing Infrastructure and Development (NaBFID) has invested ₹745 crore in long-term bonds issued by NDR InvIT, the company said on Tuesday.

IFC, others to take stake in FEPL

Fair trade regulator Competition Commission of India (CCI) on Tuesday cleared the World Bank's IFC, Asian Development Bank (ADB) and German government's DEG proposal to acquire a stake in Fourth Partner Energy Ltd (FEPL).

Kirloskar cos to challenge Sebi

Four Kirloskar companies on Tuesday said they are preparing to legally challenge a letter by markets regulator Securities and Exchange Board of India (Sebi) asking them to disclose the deed of family settlement that was signed by members of the Kirloskar family on 11 September 2009.

Thermal coal imports up 9% this year

Imports of thermal coal, used for power generation, have increased by about 9% in the April-November of the ongoing fiscal year to 45 million tonnes, on higher procurement made by those power plants that operate solely on imported coal. Data from the Central Electricity Authority showed that imported coal-based (ICB) power plants imported 33.4 million tonnes so far in this fiscal, 29% higher than nearly 26 million tonnes.

Gold heads for biggest gain since 2010 in mixed year for metals

Gold is heading for its biggest gain in 14 years, with a 27% advance fueled by US monetary easing, sustained geopolitical risks and a wave of purchases by central banks.

Isro earned $427 mn from US, EU space missions in 10 years

The domestic space economy will be targeting a revenue of $44 billion by 2033

Drugmaker Anthem files for IPO

Indian contract drugmaker Anthem Biosciences filed for a ₹33.95 billion ($397 million) initial public offering (IPO), draft papers showed on Tuesday, at the fag end of what has been a red-hot year for companies listing on the stock market.

RS panel to review CCI's commitment scheme

The Rajya Sabha's committee on subordinate legislation led by Milind Deora will review a scheme offered by the Competition Commission of India (CCI) in March allowing businesses to avoid anti-trust probes by making commitments to change their conduct, two persons privy to the development said.

India's core sector growth at 4-month high of 4.3% in Nov

The rebound in manufacturing may significantly affect industrial production in November; data will be in by Jan

Pristyn Care in talks for $100 mn in fresh funding

Several PE firms have expressed interest in ramping up allocations to healthcare sub-segments

MGNREGS work demand reaches four-month high in December

The number of people seeking work every month under MGNREGS has been rising steadily since September

FY25 fiscal deficit at ₹8.5 tn till Nov, hits 52% of target

Rising costs and higher spending on subsidies and public sector initiatives fuels deficit

2024 tough year for ad industry but the worst is behind us, says Khemka

Despite 2024's challenges, Khemka is optimistic about the year ahead, citing resilience in key sectors

Delhi May Ban Fuel for Old Vehicles to Curb Air Pollution

Still driving an end-of-life vehicle in Delhi-NCR? You may be refused fuel if caught, officials aware of the plan to curb pollution in the city said.

Cos may up GenAI spending by half

will likely occur at the time of renewals when there is generally pricing pressure on IT services contracts and generative AI could add even more pressure,

NPCI extends UPI volume cap compliance deadline

NPCI had earlier said no app could account for more than 30% of UPI transaction volumes

Wellness Synced with Tech and Mind-Body Therapy

From somatic therapy to the rise of wellness realty, 2024 saw the world seeking deeper, sustainable solutions for optimal well-being

In 2025, take smaller, consistent steps to a fitter you

Instead of framing a vague and ambitious fitness resolution, set a super-specific goal with a timeline and track it daily

Apt spending must win our state-level fiscal tug-of-war

States must spend more on capital projects that can secure future growth than on freebies and subsidies

Services offer a clear and speedy path to economic development

We must reject the false choice between supporting services and promoting manufacturing. Policymakers need to do both

America Inc in 2025: Here are five significant forces to track

Change will range from rollbacks of diversity to CEOs' Trump ties

Will 2024 events set off a headwind or tailwind?

Old theories of social and economic cycles were back in discussion as politics and economics impacted each other over the past year. Expect the implications to begin unfolding in 2025

AI cannot replace human instinct in decision-making

It can act on data but lacks the situational awareness that guides humans to make good decisions

Should You Be Hiring a Consultant to Manage Credit Card Rewards?

From points to travel perks, why credit card consultancies are becoming a must, especially for high-spenders

The recent deposit shortfall is a wake-up call for banks in India

They should treat depositors as business partners if they are to garner enough deposits for lending

15 Awesome Stories You Shouldn't Miss

In 2024, we published over 200 Long Stories. Here's our recommended year-end list