CATEGORIES

S Korea Opposition Moves to Impeach Acting President

SOUTH KOREA'S MAIN opposition party introduced a Bill to impeach acting President Han Duck-soo on Thursday, a day before it plans to seek a vote on the move, which could deepen a constitutional crisis triggered by a short-lived martial law.

Five Palestinian Scribes Killed

FIVE PALESTINIAN JOURNALISTS have been killed by an Israeli strike in the Gaza Strip, the health ministry said Thursday.

Russia Rejects Trump Call for Ukraine Truce

RUSSIA REBUFFED INCOMING US President Donald Trump's call for an immediate ceasefire in Ukraine, while saying it's ready to hold negotiations on a long-lasting peace agreement to end almost three years of war.

Nippon extends $15-bn US Steel deal deadline

The closing date was revised to the first quarter of 2025 from the third or fourth quarter of 2024 previously

Alibaba, E-Mart to form $4-bn e-tail JV in South Korea

ALIBABA GROUP HOLDING agreed to merge its South Korean operations with E-Mart's e-commerce platform to better compete in the country's fast-paced online retail sector.

China revises up 2023 GDP, sees little impact on 2024 growth

POLICYMAKERS PLEDGE MORE STIMULUS TO KEEP GROWTH STABLE IN 2025

SMFG India Credit receives ₹3,000 crore from parent

JAPANESE MAJOR SUMITOMO Mitsui Financial Group announced on Thursday that it has infused ₹3,000 crore into its Indian NBFC subsidiary, SMFG India Credit Company, via rights issue.

IndusInd plans to sell ₹1,500-crore bad loans to ARCs

INDUSIND BANK PLANS to sell nearly ₹1,500 crore worth of bad loans, including more than 1 million micro loans with a ticket size anywhere between ₹5,000 and ₹40,000, to asset reconstruction companies (ARCs), in a bid to arrest deterioration in its asset quality.

Lenders Disburse Loans Worth ₹27K Cr Through ULI

BANKS AND NBFCS disbursed more than 600,000 loans amounting to ₹27,000 crore using Unified Lending Interface (ULI) as on December 6.

NBFCs Maintain Double-Digit Credit Growth Last Fiscal

Loans and advances by non-banking financial companies (NBFCs) grew 18.5% in FY24, primarily driven by upper-layer NBFCs, according to the Reserve Bank of India's report on trend and progress, released on Thursday.

HC stays Religare AGM, RBI's nod for open offer

IN A SETBACK to the Burman family, the Madhya Pradesh High Court has stayed the approval granted by the Reserve Bank of India (RBI) for making an open offer to acquire an additional 26% stake in Religare Enterprises as well as the company's annual general meeting (AGM) scheduled for December 31.

Banks' bad loan ratio at 13-yr low on higher recoveries

Reduction In GNPAs, Lower Slippages

Demand shift pushes small cars to oblivion

ONCE AN UBIQUITOUS product on the roads, commanding a lion's share of the market, out of every 33 cars sold today just one is a mini car, highlighting a massive shift in the buyer pattern.

SECI order: RPower arm gets interim relief from HC

The Delhi High Court has granted interim relief to Reliance Power's subsidiary, Reliance NU BESS, in a petition pertaining to disqualification from participating in three bids solely on the ground of the debarment order dated November 6, issued by Solar Energy Corporation of India (SECI), against the petitioner.

Jubilant Foods inks deal with Coca-Cola

JUBILANT FOOD (JFL) on Thursday said it has signed an MoU with Coca-Cola company to buy sparkling drinks and other products from the beverages major.

Tata Sons chief sees a golden age for manufacturing

WITH GLOBAL SUPPLY chains increasingly tilting in India's favour, the manufacturing sector is poised for a transformative era, Tata Sons' chairman N Chandrasekaran said on Thursday in his New Year message to employees.

Tech landscape: AI regulation, chip push to take centre stage

THE TECH POLICY landscape in 2025 is expected to focus on issues such as the implementation of the data protection law, the possible rollout of the draft of Digital India Act, AI regulation, semiconductor 2.0 incentive scheme and finalisation of the electronics components scheme.

Fadnavis Unveils Good Governance Index

The progress of a state depends on 'ease of living', and this is being prioritised by the Maharashtra government, chief minister Devendra Fadnavis said on Thursday.

Gujarat traders demand cut in cotton MSP

AMID DECLINING COTTON exports and rising imports, cotton traders and associations in Gujarat are urging the government to reduce the minimum support price (MSP) for cotton.

Coal plant growth holds near 5-yr high

Power Capacity

Slew of laws likely to fix insolvency

THE COMING YEAR will likely see significant changes to the insolvency resolution regime for better operational efficiency and output, in a break from the slowdown seen in the past year.

Rice exports surge after curbs eased

INDIA'S EXPORTS OF and processed food products rose by over 8% to $14.01 billion during the April-November period of the current fiscal year compared to FY24 after the government removed most of the restrictions on rice shipment a couple of months back.

Anti-dumping probe into LNG vessels from China

INDIA'S TRADE DEFENCE body has started an anti-dumping investigation into import of liquefied natural gas (LNG) fuel tanks used in trucks and other vehicles from China.

A year where audit integrity took centre stage

2024 saw fresh disputes between NFRA ICAI, stern action on Big Four

Adani, IRB among bidders for NHAI assets

Adani Road Transport and IRB Infrastructure are learnt to be among the four firms that have bid to acquire the operational highway projects of National Highways Authority of India (NHAI) under the Toll Operate Transfer (TOT) model for monetisation.

Exporters seek special support for US markets

Sops to enable additional exports of $25-bn in 3 years

Monetary policy, structural factors too behind slowdown

Credit sloweda little too much and quickly in FY25”

A weak rupee may jack up key import bills

IF THE RUPEE's average exchange value stays around the current level for over a year, India's aggregate import bill could rise by $15 billion, ceteris paribus.

Govt Mulls Tax Relief for Middle Class in Budget

The government is considering cutting income tax for individuals making up to ₹15 lakh a year in the upcoming Budget to provide relief to the middle class and boost consumption as the economy slows, two government sources told Reuters.

Talk less, deliver more

Blinkit has a 40% market share and is miles ahead of others with a 25% quarterly growth rate