CATEGORIES

Downward drift

RBI, which has been intervening in currency markets to prevent a sharp fall in the rupee, must reassess its stance

The Trump dump

YOU CAN'T BULLY THE MARKET, CERTAINLY NOT WHEN YOU HAVE THE DEEPEST AND MOST LIQUID MARKET

Building rural resilience

Shift in rural incomes, with reduced dependence on pure cultivation, is an encouraging trend that helps pull out excess and disguised labour from the sector

Moody's: Honda-Nissan deal is credit positive

THE PROPOSED BUSINESS integration of Honda Motor and Nissan Motor is positive overall for the credit quality of the two Japanese automakers, but it carries risks especially for Honda, according to Moody's Ratings.

Honda-Nissan merger requires time

HONDA AND NISSAN expect big benefits from their potential merger to create the world's third-largest auto group, but intense competition from China raises questions about whether they can make it work in time.

Microsoft looks to add non-OpenAI models into 365 Copilot

MICROSOFT HAS BEEN working on adding internal and third-party artificial intelligence models to power its flagship AI product Microsoft 365 Copilot, in a bid to diversify from the current underlying technology from OpenAI and reduce costs, sources familiar with the effort told Reuters.

China mulls $411-bn special treasury bonds in 2025

FUNDS TO BOOST CONSUMPTION, INNOVATION, RECAPITALISE STATE BANKS

Biden to decide on takeover of US Steel

NIPPON STEEL'S PROPOSED $12.3 billion acquisition of US Steel moved a step closer to being blocked after a US national security panel deadlocked on its review and left the final decision with President Joe Biden, who has repeatedly indicated his opposition to the deal.

Tata Capital listing hopes drive shares of group companies

● At ₹900 a share, the unlisted market is valuing the company at ₹3.5 lakh crore

'Crop, motor, health and commercial to equally contribute to portfolio by FY26'

Universal Sompo General Insurance, known for its focus on motor and crop insurance, is setting its sights on expanding its health and commercial lines portfolio. In an interaction with Narayanan V, managing director and CEO

Lokpal calls Sebi chief, complainants for 'oral hearing' on January 28

ANTI-CORRUPTION OMBUDSMAN LOKPAL has called Sebi chief Madhabi Puri Buch and also complainants, including TMC MP Mahua Moitra, for \"oral hearing\" next month in connection with corruption complaints being heard by it, alleging impropriety and conflict of interest on the basis of a Hindenburg Research report, according to an official order.

Rupee hits record closing low for 6th straight session

FREE FALL CONTINUES

Tata Capital listing hopes drive shares of group companies

● At ₹900 a share, the unlisted market is valuing the company at ₹3.5 lakh crore

Deposit mobilisation, rate cut key challenges: Indian Bank MD

THE BANKING INDUSTRY will continue to struggle with deposit mobilisation, maintaining a healthy current account savings account (CASA) ratio and a possible fall in net interest income after reduction in policy rates, said Shanti Lal Jain, MD and CEO of Indian Bank.

Cashify eyes growth with D2C play

REFURBISHED ELECTRONICS SELLER Cashify has rejigged its business model to focus on selling directly to consumers through its physical stores and website, rather than selling to merchants, to improve margins and turn profitable in the next few months.

Cashify eyes growth with D2C play

REFURBISHED ELECTRONICS SELLER Cashify has rejigged its business model to focus on selling directly to consumers through its physical stores and website, rather than selling to merchants, to improve margins and turn profitable in the next few months.

Swiggy targets 100K female delivery partners by 2030

FOOD DELIVERY MAJOR Swiggy plans to have at least 100,000 female delivery partners by 2030, according to company MD and group CEO Sriharsha Majety.

SaaS firm LeadSquared looks to turn profitable by FY26

LEADSQUARED, a Bengaluru-based SaaS unicorn, is setting its sights on profitability by FY26, despite past challenges stemming from the downturn in the edtech sector.

Rise in active mobile users indicates tariff hike absorption

THE INDUSTRY-WIDE addition of 6.8 million active users in October 2024 suggests that the industry has more or less absorbed the tariff hikes taken in July this year, experts said, analysing the latest telecom subscriber data released by the Telecom Regulatory Authority of India (Trai).

Ola enters grocery delivery biz again

THIRD TRY

IndiQube files draft papers for ₹850-cr IPO

BENGALURU-BASED INDIQUBE, which provides co-working and managed office spaces, has filed its draft papers with the regulator for an initial public offering to raise ₹850 crore.

Gift voucher: Clarity on GST spurs optimism

THE GST COUNCIL'S decision to exempt gift vouchers from indirect taxation has brought much-needed clarity to the retail and corporate sectors, with industry leaders lauding it as a significant step forward.

Coforge working on 30 GenAI use cases in insurance, 10 live

IT SERVICES COMPANY Coforge is actively working on over 30 generative AI (GenAI) use cases within its insurance vertical, with 10 already in production.

inDrive eyes last-mile delivery

● Plans to leverage logistics expertise

Happiest Minds sees slower FY25 revenue growth

HAPPIEST MINDS TECHNOLOGIES anticipates its revenue growth for fiscal 2025 to be at the lower end of the guided range of 30-35%, Venkatraman Narayanan, managing director and CFO of the company said.

Emerging tech sectors stake claim on 600 MHz spectrum

● Allocation should not be beyond a point, say telcos

Logistics leasing to hit 50 mn sq ft

DEMAND UPTICK

Exporters draw up plans to raise share in US market

STRATEGIC MOVE

Duty-free import of yellow peas till Feb

The Government on Tuesday extended duty-free import of yellow peas, used as a substitute for chana, for two more months till the end of February, with the aim to curb prices of the key pulses variety.

Laptop import nods may be tied to capacity growth

TO REDUCE IMPORT dependence and boost domestic manufacturing of laptops and other IT hardware items, the Union government may link import permissions to domestic capacity expansion going forward, it has been learnt.