CATEGORIES

IDBI Bank sale may spill over to FY26

THE REGULATORY PROCESSES would take some time, the official added.

Rupee sinks 61 paise; sharpest dip in 2 years

THE GEOPOLITICAL TENSIONS in West Asia, fresh US sanctions on Russia, and the ongoing Russia-Ukraine conflict are also contributing to the rise in Brent crude prices, which cannot be ignored, as it will impact the fiscal math for India and have impact on rupee, he added.

UP govt looks to privatize two of five power discoms

PUVVNL reported a loss of ₹6,610 crore in FY23 against a loss of ₹594 crore in FY22, as per PFC data.

December Retail Inflation Cools to Four-Month Low

India's retail inflation cooled to a four-month low in December, driven by a significant drop in food prices, particularly vegetables. Analysts predict this trend, coupled with slowing GDP growth, could lead to a rate cut by the Reserve Bank of India (RBI) in its February meeting.

In Kashmir, Modi Assures All Promises Will Be Fulfilled

PRIME MINISTER NARENDRA Modi on Monday asserted that he would keep promises he had made to the people of Jammu and Kashmir, a statement seen as an oblique reference to the demand for restoration of statehood voiced strongly by chief minister Omar Abdullah.

Gaza Mediators Send Final Draft of Ceasefire to Israel & Hamas

MEDIATORS GAVE ISRAEL and Hamas a final draft of a deal on Monday to end the war in Gaza, an official briefed on the negotiations said, after a midnight \"breakthrough\" in talks attended by envoys of both Joe Biden and Donald Trump.

Tesla beats Audi in global car sales for the first time

TESLA SURPASSED ONE of Germany's most prized premium car brands last year, despite selling fewer vehicles than expected.

Ahead of Trump return, Chinese trade surplus soars to $1trn

CHINA ANNOUNCED ON Monday that its trade surplus reached almost $1 trillion last year as its exports swamped the globe, while the country's own businesses and households spent cautiously on imports.

Prioritise AI funding: OpenAI to US

MOVE WILL MAINTAIN A BLOCK ON EXPORTS TO RUSSIA, IRAN AND N KOREA

J&J Set to Acquire Intra-Cellular in $14.6-Billion Deal

JOHNSON & JOHNSON said on Monday it will buy neurological drugmaker Intra-Cellular Therapies for $14.6 billion, its biggest deal in at least two years, boosting its presence in the market for brain disease treatments.

Growth Stagnation Continues for Just Dial

● Employee efficiency is near its peak, with underinvestment posing a risk to growth

Dmart: Maintaining cautious outlook

Company is poised for 19% growth in FY2026/27

Biocon's US biz prospects strong

Well-positioned for product approvals and launches

Don't bank on your banking job outlasting AI

OVER THE PAST few months, I've had occasion to speak at a number of conferences concerned with the impact of artificial intelligence on financial jobs.

For Spending Efficiency

Subsidy reforms need a fresh push, open-ended sops are irrational

The tortuous normalisation

BEIJING'S 'ILLEGAL, COERCIVE, AGGRESSIVE AND DECEPTIVE' STRATEGY WILL TEST NEW DELHI

Building a cyber-resilient India in the AI era

As AI becomes more integrated into business and daily life, the need for robust cybersecurity measures becomes an imperative for the country

Sinking rupee, surging oil drive indices to 7-mth low

● Sensex plunges over 1,000 points, Nifty declines 345 points

Imported inflation, fiscal costs remain key worries

THE RUPEE'S SHARP slide has the immediate effect of jacking up imported inflation.

Will we ever see 85 again?

BOY, THAT WAS quick. The rupee had slipped from a wobbly 83+ before Trump's election through 84 and accelerated through 85, and finally, on Monday morning, fell screaming through 86 to the dollar.

Rupee unlikely to breach the 88-mark in FY25: Experts

THE RUPEE HAS fallen 232 paise, or 3.37%, since the US Federal Reserve cut interest rates in September for the first time in four years, but the majority of market participants believe that it will not breach the 88-mark by the end of this fiscal.

Overseas study, travel to cost more

WITH THE RUPEE sliding to a lifetime low against the dollar, students studying overseas, especially in universities in the US, individuals planning to travel abroad, or those planning to buy imported items will be affected.

WeWork India raises ₹500 cr via rights issue

CO-WORKING MAJOR WeWork India announced on Monday that it has raised ₹500 crore through a rights issue of securities.

PAG Buys Stakes in Manjushree, Pravesha

ASIA PACIFIC-FOCUSED PRIVATE equity firm PAG on Monday announced that it has signed a pact to acquire a stake in Manjushree Technopack, one of the country's largest rigid plastic packaging firms.

Captain Fresh Narrows Loss, Logs Jump in FY24 Revenue

TIGER GLOBAL-BACKED B2B seafood chain Captain Fresh reduced its net loss by 22% to ₹229 crore in FY24, while growing its topline by almost 70% to ₹1,395 crore.

Dabur vs Tata in HC over chutney name

FMCG GIANT DABUR will respond to a notice issued by the Delhi High Court in a trademark infringement case on February 5.

Jio, Yotta, 11 others present AI compute infra plans to MeitY

HIRANANDANI-BACKED YOTTA, TATA Communications, Jio, CtrlS and E2E Networks were among 13 companies that presented their technical presentations before the ministry of electronics and information technology (MeitY) on Monday, to make available the AI compute infrastructure in the country, sources said.

Hiremath seeks a third of Kalyani family fortune

FAMILY FEUD

Path Cleared for Zepto to Merge Units

NO NEED FOR RBI APPROVAL

E-comm platforms see jump in e-scooter sales

E-COMMERCE PLATFORMS IN India are experiencing unprecedented growth in electric two-wheeler (E2W) sales, albeit from a low base, driven by an omnichannel strategy adopted by both traditional OEMs and new-age EV manufacturers.