CATEGORIES

Trump Mulls National Economic Emergency Call to Support Tariffs

PREZ-ELECT HAS VOWED TO IMPOSE 10% TARIFFS ON GLOBAL IMPORTS

AI startup Anthropic to raise at $60 bn value

OPENAI RIVAL ANTHROPIC is in advanced talks to raise $2 billion in a funding round that would value the startup at $60 billion, according to two people familiar with the matter.

Samsung Profit Outlook Falls Short of Estimate

SAMSUNG ELECTRONICS' PRELIMINARY fourth-quarter operating profit missed estimates by a large margin, with the South Korean tech giant hit hard by extra costs as it works towards providing high-end chips to Nvidia.

OpenAI chief denies sister's allegations of sexual abuse

THE SISTER OF billionaire OpenAI chief executive Sam Altman filed a lawsuit accusing him of sexually abusing her regularly between 1997 and 2006, prompting him and other family members to deny her claims.

NBFC fundraising through ECB route hits 5-year high

Fundraising by non-banking financial companies (NBFCs) through the external commercial borrowings (ECB) route has hit a five-year high in 2024.

RBI Lifts Restrictions on Asirvad, DMI Finance

THE RESERVE BANK of India on Wednesday lifted supervisory restrictions on Asirvad Micro Finance and DMI Finance. Restrictions were imposed on these NBFCs in October 2024.

Govt mulls lifting ban on trade in some crop futures

THE GOVERNMENT IS considering revoking a three-year ban on futures trading in seven agricultural commodities, including wheat and unprocessed rice, after studies found the steps were counterproductive, according to a person with knowledge of the matter.

‘Microfinace portfolio shrinks'

THE MICROFINANCE PORTFOLIO declined 4.3% to ₹4.14 lakh crore in the September quarter as microlenders turned cautious amid concerns over the deteriorating asset quality, according to a report released by credit information company Crif High Mark.

Re slumps 14 paise on rise in crude oil prices, strong dollar

The rupee fell 14 paise, or 0.2%, to an all-time closing low of 85.86 on Wednesday as the dollar further strengthened on account of positive economic data from the US, said forex traders.

Indices Stage Smart Recovery, Defy Slowdown Concerns

The benchmark indices staged a smart recovery in the second half of the trading session on Wednesday, but ended the day with marginal losses.

Ola Electric gets Sebi warning over disclosure lapses

MARKETS REGULATOR SEBI has issued an administrative warning letter to Ola Electric Mobility over violations of disclosure norms.

JSW's Mozambique deal on hold

India's largest steelmaker has been sidelined by a legal dispute that's derailed its deal to buy a coal concession in Mozambique.

M&M Unveils Advanced Hub for EV Production

MAHINDRA HAS LAUNCHED a cutting-edge electric vehicle (EV) manufacturing and battery assembly facility at its Chakan hub, dedicated to electric-origin SUVs.

New entrants, QSRs fuel 10-min food delivery biz

THE FOOD DELIVERY race is heating up as new players, quick service restaurants (QSRs), and cloud kitchens jump into the burgeoning 10-minute delivery segment, a feat that even Domino's Pizza could not have envisioned when it launched in 1996.

SC order on land row drags Aditya Birla realty shares

THE SHARES OF Aditya Birla Real Estate (formerly known as Century Textiles and Industries) fell 4.57% on Wednesday after the Supreme Court overturned a 2022 ruling by the Bombay High Court, which had favoured the company in a land dispute with the Municipal Corporation of Greater Mumbai (MCGM).

E-comm, q-comm major driver of demand in the country

Welspun One, the logistics and industrial property arm of Welspun Group, recently said it plans to raise ₹3,000 crore to fund its expansion.

Top contenders shortlisted for ₹10k-cr AI compute initiative

List includes Yotta Data Services, Jio Platforms, Tata Communications

Infinity Fincorp loan book tops ₹1K cr

MUMBAI-BASED INFINITY FINCORP, which provides loans against property for MSME borrowers, has increased its loan book to over ₹1,000 crore, company founder, MD and CEO Shrikant Ravalkar told FE in an interaction.

Inter-ministerial team to govern AI proposed

A PANEL APPOINTED by the ministry of electronics and IT (MeitY) has recommended an inter-ministerial approach to govern artificial intelligence (AI).

Wilmar readies post-Adani exit blueprint

SINGAPORE-BASED WILMAR INTERNATIONAL is likely to strengthen the food portfolio of Adani Wilmar by introducing products such as cheese, ready-to-eat meals and snacks after the exit of the Indian partner, sources have told FE.

Nadella: India must balance AI ambition with investment

INDIA HAS THE potential to be a global leader in artificial intelligence (AI), but it must carefully weigh its investments in building foundational AI models, Microsoft chairman and CEO Satya Nadella said on Wednesday.

New Isro chief, the brain behind cryogenic success

FROM CHANDRAYAAN to the latest Space Docking Experiment (SpaDeX) and the upcoming Gaganyaan missions, the Indian Space Research Organisation (Isro) is \"going through a successful phase\", new Isro chairman, Dr V Narayanan, said on Wednesday.

Faceless document registration in Maha

THE MAHARASHTRA GOVERNMENT will launch a \"faceless\" initiative for certain types of document registration, allowing citizens to complete the process from the comfort of home, chief minister Devendra Fadnavis said on Wednesday.

PM Launches Projects Worth Over ₹2 Lakh Cr in Andhra

Prime Minister Narendra Modi on Wednesday virtually laid the foundation stone and launched projects worth over ₹2 lakh crore here.

'Higher corporate efficiency also behind lower wage growth'

The trend of manufacturing companies outsourcing services impacted wage growth in India, Sanjiv Puri, president of the Federation of Indian Industry (CII), said in an interview.

DPIIT Looks at Policy Tweaks to Boost FDI

THE DEPARTMENT FOR promotion of industry and internal trade (DPIIT) held a consultation with stakeholders on Wednesday on ways to increase the inflows of foreign direct investment (FDI) by carrying out required changes in regulations.

Steel import duty may lead to steep price hike

STEEL PRICES IN 2025 would be much higher than last year's if the proposed safeguard duty on steel imports is imposed by the end of next month, rating agency Crisil said on Wednesday.

Gold imports overstated by $11.7 bn in Apr-Nov: Govt

INDIA OVER-COUNTED ITS gold imports for every single month of the current financial year up to November with cumulative over-reporting to the tune of $11.73 billion, or 31%. This was revealed in a review triggered by a sharp, inexplicable spike in imports of the yellow metal in November.

BP bags contract to operate ONGC's Mumbai High field

BRITISH MULTINATIONAL BP has been selected as the technical service provider for the enhancement of production of state-owned Oil and Natural Gas Corp's Mumbai High oil and gas field by up to 60% over baseline levels over a 10-year period.

Digital farmer ID must to apply for PM Kisan benefits

States requested to upgrade land records