CATEGORIES

Top-10 most valued firms' m-cap slumps ₹4.95 lakh cr

THE COMBINED MARKET valuation of all the top-10 most valued firms plunged ₹4.95 lakh crore last week, in line with a bearish trend in equities, where Tata Consultancy Services (TCS) and Reliance Industries (RIL) faced the sharpest erosion.

Growing demand drives growth in power T&D sector

THE POWER TRANSMISSION and distribution (T&D) sector is set for a significant growth, driven by increasing electricity demand and focused renewable energy goals.

Overlapping lending: Banks urge RBI to extend deadline

Loan book as of Sep 2024 (₹ cr)

China's Nio unveils $108,000 EV

CHINESE ELECTRIC CAR maker Nio started sales of its most expensive car as it seeks to double deliveries in 2025 and eventually become profitable.

Will take back control of Panama canal, says Trump

President-elect Donald Trump said Saturday that the Panama Canal is charging exorbitant prices and rates of passage on US naval and merchant ships, and he demanded that fees be lowered or else Panama should return the canal to the US.

Suspect in German Christmas market attack detained

A GERMAN JUDGE ordered pretrial detention for the man suspected of driving a car into a German Christmas market in the eastern city of Magdeburg two days ago, killing five people and injuring dozens.

Musk's Trump trade makes Tesla a winner with $570-billion rally

LESS THAN TWO months ago, shares of Tesla were on their way to just the third losing year in the electric-vehicle maker's decade-and-a-half as a public company.

Israeli strikes kill 17 Palestinians in Gaza

SCHOOL SHELTERING DISPLACED PEOPLE DESTROYED

Media's moment of reckoning: Convergence model set to be tested

The year 2024 was marked by significant consolidation in the Indian media and entertainment industry.

WEF summit: Over 100 Indian CEOs, ministers to visit Davos

OVER 100 CHIEF executive officers (CEOs) and at least three state chief ministers and other leaders from India will be in Davos next month to attend the World Economic Forum (WEF) annual meeting 2025.

India to see a surge in AI applications: Nasscom

INDIA WILL SEE a surge in artificial intelligence (AI) applications and cost reductions in 2025, with increasing adoption across sectors like healthcare, finance, energy, and governance, Sanjeev Malhotra, CEO of the Centre of Excellence for IoT and AI at Nasscom, told FE.

VC boom: New firms reshape startup funding

THE VENTURE CAPITAL (VC) landscape witnessed a surge in activity in 2024, with over 30 new VC firms entering the market.

DoT expects BSNL to post ₹558-crore profit in FY27

THE DEPARTMENT OF telecommunications (DoT) has projected state-owned Bharat Sanchar Nigam (BSNL) to turn profitable in FY27 with a profit of ₹558 crore.

Avaada looks to raise $1-bn debt to fund green projects

● Green ammonia, hydrogen projects coming up in Odisha

Solar91 Cleantech sets IPO price band at ₹185-195

EPC SOLUTIONS PROVIDER

Secondary steelmaking firms set up national-level organisation

Secondary steel producers, contributing around 70% of domestic production, have formed a national-level apex industry body, the National Sustainable Steel Association (NSSA).

Rubber price jump: Tyre firms' margins may be hit

WITH A SHARP escalation in the cost of natural rubber and other raw materials in recent months and the outlook on demand muted, tyre manufacturers may see their margins taking a hit in FY25.

Priority sector lending: CII proposes reforms

THE CONFEDERATION OF Indian Industry (CII) has proposed reforms in India's priority sector lending framework, factoring in the changes in the economy over the decades and has sought more development finance institutions (DFIs).

Housing sales may rise 25% in Delhi-NCR in Oct-Dec: Report

Among nine major cities across India, Delhi-NCR is the only market where sales and new supply are estimated to rise

States' capex likely fell during April-November

● Capital spends of 12 states reviewed down 7%; borrowings decline 4%

As key cases fall in courts, ED to staff: No PMLA on basis of conspiracy alone

WITH SOME OF its high-profile money laundering proceedings facing legal setbacks and the Supreme Court taking an adverse view, the Enforcement Directorate (ED) has decided not to register cases that are based solely on \"criminal conspiracy\" as a \"predicate offence\" - there should also be a primary offence listed under the Prevention of Money Laundering Act (PMLA), sources said.

Mandi prices of onion fall 50% on fresh arrivals

WITH THE ARRIVAL of fresh kharif crops, average mandi prices of onions at Lasalgaon in Nashik, Maharashtra—the country's key onion trading hub—halved to ₹2,000 per quintal on Sunday from ₹4,000 per quintal a month ago.

Centre may reduce reserve sale price for rice to make ethanol

● No takers for FCI stocks among grain based distilleries

Investment pacts may not be part of FTAs

DESPITE THE DEMAND from some partners for inclusion of investment protection treaties in free trade agreements (FTAs) that are under negotiation, India would stick to its stand of signing separate treaties for investments, and not making them part of FTAs, a senior official said.

India's natural gas imports surge 21% in April-November

INDIA'S NATURAL GAS imports surged 21% to 24,798 mmscm (million metric standard cubic metre per day) during April-November 2024, compared to 20,486 mmscm in the same period last year, driven by higher consumption from city gas distribution companies and the power sector, according to data from the Petroleum Planning and Analysis Cell (PPAC).

Film fest raises toast to women, Kerala hopes industry follows

WHEN SHE SET out to direct her first feature film, Adithya Baby had an army of university classmates as her cast and crew.

Maharashtra portfolios: CM keeps home; Pawar gets finance

MAHARASHTRA CHIEF MINISTER Devendra Fadnavis on Saturday allocated portfolios to his council of ministers, retaining the crucial Home department with him.

AAP rejects claims of nod to prosecute Kejriwal

AAM AADMI PARTY leaders in Delhi, including chief minister Atishi, on Saturday rejected claims that Lieutenant Governor VK Saxena has granted sanction to the Enforcement Directorate to prosecute party supremo Arvind Kejriwal in the alleged excise policy scam.

A 'second tree of life' could wreak havoc, scientists warn

Research on altering fundamental DNA, protein structures could lead to synthesis of lethal organisms

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