CATEGORIES

Ministry May Seek Interest Subsidy Scheme Relaunch

THE MINISTRY OF commerce and industry may seek the relaunch of the interest subsidy scheme for exporters in its original form in the upcoming Budget as the exporters face rising uncertainty in view of recent pronouncements of US President-elect Donald Trump.

National Turmeric Board Opened to Boost Output

The government on Tuesday launched the National Turmeric Board to drive its efforts towards doubling the production and increasing exports of the spice in the next five years to 2 million tonne.

US sanctions: No threat to oil supply, but costs may rise

Nearly 15% of Indian imports of Russian crude expected to be hit

Adani arm top bidder for NHAI's TOT assets

ADANI ROAD TRANSPORT has emerged as the highest bidder for the latest highway assets of the National Highways Authority of India (NHAI) that have been offered for monetisation through the toll-operate-transfer (TOT) mode.

Larger credit cover for MSMEs likely

THE CREDIT GUARANTEE scheme for micro, small and medium enterprises (MSMEs), announced in July last year, will take form in the upcoming Budget, with a focus on facilitating capital investments by the manufacturing sector units.

Regulatory norms under review to ease compliance

FINMIN DRAFT PAPER TO IDENTIFY CASES OF REDUNDANT RULES

Rajeshwar Rao gets monetary policy in RBI portfolio rejig

In a major reshuffle of portfolios of deputy governors, the Reserve Bank of India on Tuesday allotted the key monetary policy department to Deputy Governor M Rajeshwar Rao, reports fe Bureau.

Govt may set 10.3-10.5% nominal GDP growth target

The Centre plans to project higher economic growth for the next fiscal, two government officials said, adding that fiscal deficit goals are being met and kept.

RBI Governor Open to Let Rupee Move More Freely

RESERVE BANK OF India (RBI) governor Sanjay Malhotra has shown a willingness to allow the rupee to move more freely in tandem with peers in the region while still intervening in the foreign-exchange market to curb excessive moves, according to people familiar with the regulator's thinking.

Davos to welcome Trump virtually

Opening of WEF meet coincides with Trump's return to White House

Re free fall to hit margins of EV makers

MAJOR ELECTRIC VEHICLE (EV) makers such as Tata Motors, Mahindra & Mahindra, Ola Electric, Eicher Motors, TVS Motor Company, and Bajaj Auto face mounting margin pressure with the depreciating rupee inflating their input costs.

Maha Kumbh: 16 mn take holy dip

THE FOG WAS thick, the cold intense and the waters freezing as the Maha Kumbh, the world's largest gathering, began on Monday with over 16.5 million people taking a dip in the Sangam in their quest for 'moksha' and the belief it will wash away their sins.

IMD turns 150 today

PM Modi will launch 'Mission Mausam' on Tuesday to mark the 150th foundation day of IMD

Pixxel to launch India's first private satellite network

Pixxel is set to launch three of its six hyperspectral imaging satellites aboard a SpaceX rocket from California on Tuesday, the first such network in India's nascent private space sector, Pixxel's chief told Reuters.

WeWork India raises ₹500 cr

CO-WORKING MAJOR WeWork India announced on Monday that it has raised ₹500 crore through a rights issue of securities.

PAG Buys Stakes in Manjushree, Pravesha

ASIA PACIFIC-FOCUSED PRIVATE equity firm PAG on Monday announced that it has signed a pact to acquire a stake in Manjushree Technopack, one of the country's largest rigid plastic packaging firms.

Dabur vs Tata in Delhi HC over chutney name

FMCG giant Dabur will respond to a notice issued by the Delhi High Court in a trademark infringement case on February 5.

Captain Fresh narrows loss, logs jump in FY24 revenue

TIGER GLOBAL-BACKED B2B seafood chain Captain Fresh reduced its net loss by 22% to ₹229 crore in FY24, while growing its topline by almost 70% to ₹1,395 crore.

Jio, Yotta, 11 others present AI compute infra plans to MeitY

HIRANANDANI-BACKED YOTTA, TATA Communications, Jio, CtrlS and E2E Networks were among 13 companies that presented their technical presentations before the ministry of electronics and information technology (MeitY) on Monday, to make available the AI compute infrastructure in the country, sources said.

Hiremath seeks a third of Kalyani family fortune

THE FAMILY FEUD between Baba Kalyani, chairman and MD of Bharat Forge, and his sister Sugandha Hiremath has taken a fresh turn with the latter filing a case in the Pune court, seeking a third of the former's family wealth.

Path cleared for Zepto to merge units

NO NEED FOR RBI APPROVAL

E-comm platforms see jump in e-scooter sales

E-COMMERCE PLATFORMS IN India are experiencing unprecedented growth in electric two-wheeler (E2W) sales, albeit from a low base, driven by an omnichannel strategy adopted by both traditional OEMs and new-age EV manufacturers.

In Kashmir, Modi assures all promises will be fulfilled

Prime Minister Narendra Modi on Monday asserted that he would keep promises he had made to the people of Jammu and Kashmir, a statement seen as an oblique reference to the demand for restoration of statehood voiced strongly by chief minister Omar Abdullah.

Prioritise AI funding: OpenAI to US

OPENAI ON Monday laid out its vision for artificial intelligence development in the U.S., saying the country needs outside investment and supportive regulation to stay ahead of China in the race for the nascent technology.

Gaza Mediators Send Final Draft of Ceasefire to Israel & Hamas

MEDIATORS GAVE ISRAEL and Hamas a final draft of a deal on Monday to end the war in Gaza, an official briefed on the negotiations said, after a midnight \"breakthrough\" in talks attended by envoys of both Joe Biden and Donald Trump.

Tesla beats Audi in global car sales for the first time

TESLA SURPASSED ONE of Germany's most prized premium car brands last year, despite selling fewer vehicles than expected.

Prioritise AI funding: OpenAI to US

MOVE WILL MAINTAIN A BLOCK ON EXPORTS TO RUSSIA, IRAN AND N KOREA

Ahead of Trump return, Chinese trade surplus soars to $1 trillion

CHINA ANNOUNCED ON Monday that its trade surplus reached almost $1 trillion last year as its exports swamped the globe, while the country's own businesses and households spent cautiously on imports.

J&J Set to Acquire Intra-Cellular in $14.6-Billion Deal

JOHNSON & JOHNSON said on Monday it will buy neurological drugmaker Intra-Cellular Therapies for $14.6 billion, its biggest deal in at least two years, boosting its presence in the market for brain disease treatments.

Growth Stagnation Continues for Just Dial

Employee efficiency is near its peak, with underinvestment posing a risk to growth