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First flight from Navi Mumbai airport in 2025

NAVI MUMBAI INTERNATIONAL Airport (NMIAPL), which is being built by the Adani group, will commercial start operations by March 31, 2025, even though trial flights are expected by October this year.

Govt in action mode on Red Sea crisis

Inter-ministerial meet to discuss way forward on Jan 17

Australian Open: Sania Mirza says not enough credit given to returning mothers

FOR THE FIRST time in the last few years, an established top 4, with momentum on their side with nothing to prove, will kick off a women's singles Grand Slam at the Australian Open on Sunday but the likelihood of a major upset in some feisty early rounds looms large.

Citi to cut 20,000 jobs over 2 years, posts $1.8-bn loss

CITIGROUPWILL CUT 20,000 jobs over the next two years, the bank said on Friday after reporting a $1.8 billion loss for the fourth quarter.

BlackRock to acquire GIP for $12.5 bn in alternatives push

BLACKROCKAGREED Adebayo Ogunlesi's Global Infrastructure Partners for about $12.5 billion, vaulting the world's biggest money manager into the top ranks of investors that make long-term bets on energy, transportation and digital infrastructure.

RBI slaps ₹2.38-cr fines on 4 entities

THE RESERVE BANK on Friday said it has imposed penalties totalling 2.38 crore on four entities, including Dhanlaxmi Bank and Punjab and Sind Bank, for contravention of regulatory norms.

Banks place aggressive bids at VRR auction

THE RESERVE BANK of India (RBI) on Friday received bids worth 3.92 trillion from banks, against the notified amount of 1.75 trillion, at the variable rate repo (VRR) auction. Unlike the previous seven-day auctions, the RBI extended the tenure of Friday's auction to 13 days.

Sebi tweaks rule for AIF investor onboarding

SEBI ON FRIDAY tweaked the framework for onboarding investors by alternative investment funds (AIFs). This came in view of amendments to the Prevention of Money Laundering (Maintenance of Records) Rules, 2005.

US SEC nod for Bitcoin ETFs may bring in $80-bn inflows

Bitcoin’s value surges to $46,500 after US SEC nod, froma low of $16,000 in Nov

US, UK carry out strikes against Houthi in Yemen

US AND BRITISH warplanes, ships and submarines launched dozens of air strikes across Yemen overnight in retaliation against Iran-backed Houthi forces for attacks on Red Sea shipping, widening regional conflict stemming from Israel's war in Gaza.

After Lyft, HERE to lift-off Uber

Soon, your Uber waiting times may reduce

S&P downgrades Vedanta parent

Says move to extend bond maturities distressed’

BlackRock slashes Byju's valuation by 95% to $1 bn

ASSET MANAGER BLACKROCK has slashed the implied valuation of struggling edtech firm Byju's to less than $1 billion, a drop of 95% from $22 billion set in early 2022.

Phoenix Mills drops plans to foray into warehousing

MUMBAI-BASED PROPERTY developer Phoenix Mills, known for its High Street Phoenix and Palladium malls in the city, has shelved its plans to foray into warehousing properties.

Coca-Cola hives off select bottling operations

COCA-COLA INDIA, THE country's largest beverage company, said on Friday that its bottling arm would transfer operations in three regions to existing partners.

Jindal Power may top Adani's bid for coal power plant

JINDAL POWER HAS proposed to top a bid by Adani Power for a thermal power plant, two sources with direct knowledge of the matter said, as the country looks to drum up investment in coal-fired power.

Wipro logs 1.8% rise in profit, revises guidance

THE COUNTRY'S FOURTH largest IT service firm, Wipro, on Friday reported a 1.8% sequential growth in its consolidated net profit to 2,694 crore for the October-December quarter. The number was in line with Bloomberg consensus estimate of ₹2,669 crore.

HCLTech profit rises 13.5% to ₹4,350 cr

Bucks industry trend, adds 3,617 employees

Modi launches 30,500-cr projects in Maharashtra

PRIME MINISTER NARENDRA Modi on Friday inaugurated projects worth more than ₹30,500 crore during his visit to Maharashtra, including the country's longest bridge and seabridge, the extension of a suburban rail corridor and a mega facilitation centre for gems and jewellery, and laid the foundation stone of a tunnel road in south Mumbai.

Govt reviews PLI schemes, likely to resolve key issues

GOVERNMENT ON Friday held review of the proincentive (PLI) THE a comprehensive duction-linked scheme, with a view to making it more effective by addressing issues raised by the beneficiary companies.

India likely to emerge as top producer of lentils globally

INDIA IS LIKELY to emerge as the world's largest producer of masoor (lentil) in the 2023-24 crop year (July-June) with the projected output of around 1.6 million tonne (MT), consumer affairs secretary Rohit Kumar Singh said on Friday.

Food inflation rises to 9.53% in December

RETAIL FOOD INFLATION rose to 9.53% in December from 8.7% in November, as the base turned less favourable.

India raises visa issues, pharma checks with US

INDIA AND THE US on Friday decided to draw up an ambitious and forward-looking road map for enhanced cooperation in critical minerals, customs and trade facilitation, supply chains, and trade in hi-tech products to achieve economically meaningful outcomes.

CPSEs meet 75% of FY24 capex target in Apr-Dec

THE CENTRAL PUBLIC sector enterprises (CPSES) and other government agencies such as the National Highways Authority of India (NHAI) and the railways have invested 5.51 trillion or 75% of their combined FY24 capital expenditure target during the April-December period.

Retail inflation shoots up, factory activity sputters

RETAIL INFLATION BASED on consumer price index (CPI) rose to a four-month high of 5.69% in December, while industrial output growth as measured by the Index of Industrial Production (IIP) slowed to an eight-month low of 2.4% in November.

More real-money games to feature on Play Store from June

GOOGLE'S MOVE TO relax its Play Store policies to allow more realmoney games on its app marketplace will throw open the market for gaming companies.

In ₹5,100-cr deal, Tatas acquire Capital Foods

Buy Organic India for 1,900 crore

Markets ride IT wave

IN AN UPSWING fueled by the IT sector, the Sensex and Nifty on Friday soared to their fresh record highs. The Sensex achieved an intraday high of 72,720.96 before settling at 72,568.45, a gain of 847.27 points or 1.18%. The Nifty50 reached a new all-time high of 21,928.25, settling at 21,894.55, a rise of 247.35 points or 1.14%.

Sitharaman: Direct listing of firms in GIFT City soon

UNION FINANCE MINISTER Nirmala Sitharaman announced on Thursday that the direct listing of Indian companies on the bourses of the GIFT International Financial Services Centre (IFSC) in Gujarat will commence soon, indicating the imminent operationalisation of the offshore mechanism to enable the domestic firms to mobilise global capital.

Navi Mumbai airport ready to welcome its first 'VVIP' visitor

THE NAVI MUMBAI International Airport (NMIAL), which is being built by the Adani Group, will see its first high-profile visitor on Friday, with Prime Minister Narendra Modi slated to land here for his visit to the city.