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SEBI PROPOSAL SEEKS TO STRIKE A BALANCE BETWEEN REGULATORY CONCERNS AND INTERESTS OF STAKEHOLDERS

No cause for alarm

Slower loan growth should help lower liabilities and boost household savings

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

PAKISTAN'S CONSUMER INFLATION rate slowed to 4.1% year on year in December, the statistics bureau said on Wednesday, the lowest in more than 6-1/2 years.

ECB Hopes to Hit 2% Inflation Target in 2025, Says Lagarde

The European Central Bank's (ECB) 2% inflation target is in sight, according to President Christine Lagarde.

Begins 2-year non-permanent UNSC tenure

Pakistan began its two-year tenure as a non-permanent member of the United Nations Security Council (UNSC) on Wednesday, with Ambassador Munir Akram saying that the Pakistani delegation will play an \"active and constructive\" role in addressing key challenges facing the world.

US stocks fall to close out best two-year stretch since 1998

US STOCKS DECLINED in the final session of the year but still closed out the best two-year run since 1998. The S&P 500 Index fell 0.4% in its fourth down day, the longest losing streak to end a year since 1966. The Nasdaq 100 declined 0.9% and the Dow Jones Industrial Average fell 0.1%. The Russell 2000 Index rose 0.1%.

Mubadala pips PIF as top spender globally

ABU DHABI'S MUBADALA Investment was the world's most active sovereign wealth fund last year as it ramped up deal-making across everything from private credit to artificial intelligence (AI).

10 dead, 30 injured after truck rams into New Orleans crowd

A DRIVER CRASHED his truck into a crowd at high speed in New Orleans' French Quarter in the wee hours of New Year's Day then opened fire, killing at least 10 people and injuring more than 35, city officials and police said.

Russia and Ukraine cease five decades of gas transit to EU

Ukraine to give up long-held strategic position

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.

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.

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).

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.

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.

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.

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.

Zoomcar eyes expansion for newly launched cab service

ZOOMCAR, KNOWN FOR its self-drive car rental services, has recently piloted a chauffeur-driven cab rental service in Bengaluru, and is considering expanding it to other major cities.

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.

SUV demand puts Dec PV sales in the fast lane

Sales hit 4.3 million in 2024, marking 4.8% growth

Air India set for major global expansion, says CEO Wilson

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.

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.

18 Former MoS, 12 Ex-MPs Still Have Security

The Delhi Police plans to approach the Ministry of Home Affairs with a list of 18 former Ministers of State (MoS) and 12 former Members of Parliament who have security cover even after completion of their tenure/term.

UP minister alleges threat from special task force

UTTAR PRADESH CABINET minister Ashish Patel has accused the state special task force of \"conspiring\" against him and alleged a threat to his life from the agency.

Additional subsidy of ₹3,850 cr for DAP to maintain retail prices

THE GOVERNMENT ON Wednesday extended additional subsidy on di-ammonium phosphate (DAP) beyond December 31, 2024, aimed at helping maintain retail prices of this key fertiliser at 1,350/a bag of 50 kg. This will push up the fertiliser subsidy by 3,850 crore in the current financial year.

Two crop insurance schemes to run till FY26

Total allocations for PMFBY & RWBCIS for FY22-26 raised to ₹69,515 crore

Nagaraju to PSBs: Speed up resolution of grievances

STRESSING THAT ANY laxity in grievance redressal is against the ethos of customer service and diminishes the brand value of the organisation, financial services secretary M Nagaraju has directed public sector banks (PSBs) and insurance companies (PSICs) to address public grievances sincerely in a time-bound manner.

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.