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Higher becomes longer

RBI SIGNALS RATES TO STAY ON HOLD AMID GROWTH BOOM. FY24 GROWTH PROJECTED AT 7%; INFLATION SEEN A RISK

US tech startups run out of time & money

WE WORK RAISED MORE than $11 billion in funding as a private company. Olive AI, a healthcare startup, gathered $852 million. Convoy, a freight startup, raised $900 million.

Adani Ports to exceed FY24 volume guidance

ADANI PORTS AND Special Economic Zone (APSEZ), India's largest port developer and operator, will exceed its own guidance of 370-390 million metric tonne (MMT) for FY24 and is on track to cross 500 MMT by FY25.

ED files first charge sheet against Vivo

THE ENFORCEMENT DIRECTORATE (ED) filed its first charge sheet in connection with its money laundering probe against Chinese smartphone maker Vivo and some others, official sources said on Thursday.

EU talks fail to reach deal on AI Act

AFTER NEARLY 24 straight hours of negotiations, European Union representatives remain divided over a plan to adopt what would become the most comprehensive regulation of artificial intelligence (AI) in the western world.

Starbucks incurs $11 billion loss

GLOBAL POLITICAL TENSIONS are spilling fast into Seattle-based Starbucks Corporation, as the company has lost approximately $11 billion in value, erasing 9.4% of the company's total value.

Xi warns EU leaders to avoid confrontation

XI Jinping CHINESE PRESIDENT warned top EU officials on Thursday that China and Europe should not view each other as rivals or \"engage in confrontation\" due to their different political systems, in the first inperson China-EU summit for four years.

Russia, Saudi urge OPEC+ members to join oil cuts

SAUDI ARABIA AND Russia, the world's two biggest oil exporters, on Thursday called for all OPEC+ members to join an agreement on output cuts for the good of the global economy only days after a fractious meeting of the producers' club.

Higher risk weights to lower CRAR by 30-35 bps: Yes MD

Prashant Kumar also said the bank has been cautious on unsecured loans since January

MPC to maintain status quo; food inflation in focus

MOST ECONOMISTS AND market watchers expect the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) to hold the key repo rate at 6.5% when it announces the monetary policy on Friday.

Paytm hits lower circuit on weaker loan growth outlook

Multiple brokerages reduce target price for the stock

Shoppers Stop to give its beauty business a boost

THE COUNTRY'S OLDEST department store chain, Shoppers Stop, is looking to drive its beauty business aggressively over the next few years, as it seeks to tap into the growing beauty market in India.

Indian airlines gain market share on overseas operations

INDIAN CARRIERS ARE gradually gaining more market share than their international rivals, data from the Directorate General of Civil Aviation (DGCA) show.

Dunzo fails to pay salaries for November

Looks to close 30-mn fresh funding round to keep operations afloat

India now tops China both in population & pollution

Last year, 65 of the 100 most polluted cities were in India

Revanth Reddy sworn in as CM of Telangana, clears pre-poll promises

NEWLY ELECTED TELANGANA Chief Minister A Revanth Reddy got down to work almost immediately after taking oath on Wednesday afternoon, approving the \"six guarantees\" the Congress had made before elections.

Go First row: Aviation body lowers India to 'negative'

AVIATION WORKING GROUP (AWG), a global aviation body comprising aircraft manufacturers and lessors, on Thursday downgraded India to 'negative' from 'positive', as lessors have not been able to repossess their planes from grounded airline Go First.

Centre clears export of non-basmati rice to 5 African nations

ON Thursday THE GOVERNMENT approved exports of about 0.24 million tonne (MT) of non-basmati white rice to five African countries through National Cooperative Export Ltd (NCEL).

Govt takes slew of steps to curb food inflation

A SERIES OF steps are being taken by the government to curb retail food inflation.

Carbon tax morally wrong, says FM

WITH THE EUROPEAN Union (EU) proposing to impose a carbon tax on certain imports, finance minister Nirmala Sitharaman on Thursday said any move on imposition of a carbon tax by developed countries to meet their green commitments is morally wrong and goes against the interest of developing countries of the 'Global South'.

Greater leeway for IT SEZs to rent out space

THE COMMERCE AND Industry Ministry has relaxed the terms for developers of special economic zones (SEZs) in the IT/ITES space, giving them greater leeway in using the built-up area within such SEZs for commercial (real estate) purposes.

RE capacity addition gathers pace after tepid H1 of FY24

Industry attributes pick-up to sourcing freedom, fresh tenders

India on the cusp of a new private capex cycle: India Inc

AMID LINGERING CONCERNS that the much-delayed private capex cycle may not have taken root yet, Corporate India on Thursday said with capacity utilisation in many sectors being 75-80% if not higher, a strong momentum in private investments is firmly around the corner.

Vedanta to raise $1.25 bn at much higher rates

LONDON-HEADQUARTERED VEDANTA Resources (VRL) is in talks with a clutch of foreign investors to raise $1.25 billion, ahead of its debt maturity of $1 billion in January 2024.

Fintechs to go slow on small personal loans

HIT BY THE Reserve Bank of India's (RBI) decision to raise risk weights on unsecured loans, digital lenders are looking to reduce their exposure to small-ticket personal loans.

Tata Motors urges govt not to lower EV import duties

TATA MOTORS IS pressing the government not to lower import taxes of 100% on electric vehicles and to protect domestic industry and its investors, as the government reviews Tesla's plans to enter the market, people with direct knowledge said.

FM: No big-bang announcements in Feb Budget

FINANCE MINISTER NIRMALA Sitharaman on Thursday said the interim Budget to be presented on February 1 will not have any \"spectacular announcement\", adding that any such steps would have to be undertaken by a new government while presenting the regular Budget in July.

Google rolls out AI model Gemini

GOOGLE'S MOST CAPABLE, flexible and general AI model Gemini will be available to users across the world from Wednesday, integrated into Bard as well as the latest Pixel 8 Pro smartphones.

China blue-chip stocks hit 5-year lows, yuan eases

Chinese currency gets backing from PBOC

'Small personal loans pose higher delinquency risk'

THE RISK PERFORMANCE of personal loans with a ticket size below ₹25,000 has deteriorated while loans of the larger ticket size are better placed, InCred Finance said in a report on Wednesday.