CATEGORIES

Guardian's Observer, oldest Sunday paper, sold to Tortoise Media

THE OWNER OF Britain's Guardian newspaper confirmed on Wednesday that it has sold The Observer, the world's oldest Sunday newspaper, to Tortoise Media for an undisclosed fee.

Honda, Nissan explore merger amid Tesla, China challenges

IF MERGED, $54-BN COMPANY TO BE WORLD'S THIRD-LARGEST AUTO FIRM

Shriram Group arm raises $1.28-bn loan

SHRIRAM FINANCE (SFL), the flagship company of the Shriram Group, raised $1.277 billion in multiple currencies, including dollar, euro and dirham (AED), through an external commercial borrowing (ECB) loan transaction.

Rupee moves closer to 85/$

ON A SLIPPERY TRACK

Indices extend losing streak for third consecutive session

BENCHMARK INDICES FELL up to 0.62%, continuing their losing streak for the third straight session, as investors remained cautious ahead of the US Federal Reserve meeting outcome.

Offshore instruments rule adds to compliance burden for FPIs: Experts

● Negligible trades with derivatives as underlying assets in last three years

Mobikwik debuts at 58% premium; ends opening day with 90% gains

● Vishal Mega Mart sees over 40% gains in opening trade

Sembcorp bags 150 MW solar project from SECI

SEMBCORP INDUSTRIES, THROUGH its wholly-owned renewables subsidiary Sembcorp Green Infra, has secured a 150 megawatt (MW) solar photovoltaic project coupled with a Battery Energy Storage System (BESS) of 300 MWh from Solar Energy Corporation of India.

Amazon sells Shoppers Stop stake for ₹276 cr

GLOBAL E-COMMERCE GIANT

Tourism & hospitality sector may add 6.1 mn jobs by 2037

India's tourism and hospitality sector is all set to create over 6.1 million additional jobs by 2036-37, as per a new report released by the Confederation of Indian Industry (CII) and EY.

Institutional investments in realty at record high: Report

INSTITUTIONAL INVESTMENT IN Indian real estate rose 51% to a record $8.87 billion during 2024 as investors look to encash strong demand for housing, office and warehousing properties, according to JLL.

GenAI leading to surge in cyber threats

THE RAPID RISE of generative AI (GenAI) has led to a sharp increase in cyber threats, said Palo Alto Networks.

ITC consolidates shareholding in Oberoi, Leela hotel chains

After acquisition, ITC's shareholding in EIH and HLV aggregates to 16.13% and 8.11% of their paid-up share capital, respectively

Good Capital plans to focus on AI-driven investments in 2025

GOOD CAPITAL, an early-stage venture capital (VC) firm, plans to make 6-7 investments in 2025, focusing on startups that integrate artificial intelligence (AI) into existing business models, especially in tier 2 and 3 cities.

Chinese auto parts import sees flat growth in H1FY25

IMPORTS OF CHINESE auto components, which used to be quite high a few years ago, are now seeing their growth rate plateauing.

New chapter: LEAD Group eyes premium schools

WESTBRIDGE CAPITAL-BACKED edtech unicorn LEAD Group has unveiled Pinnacle, a digital curriculum solution targeting high-fee schools, marking its shift from affordable institutions.

Country Delight starts 10-15 minute delivery

DIRECT-TO-CONSUMER dairy and daily essentials brand Country Delight has become the latest entrant to the 10-15 minute delivery space.

Subsea cables: Big Tech may get govt support

● Focus now on establishing repair & maintenance infra

Infosys inaugurates ₹426-cr development centre in Bengal

INFOSYS, THE COUNTRY'S second-largest IT services firm, on Wednesday inaugurated a state-of-the-art development centre in New Town, Kolkata, marking a major milestone in West Bengal's IT growth story.

BSNL asked to bridge tech gap

A PARLIAMENTARY PANEL on Wednesday recommended that state-owned BSNL should explore partnerships with foreign technology firms to address issues in the deployment of indigenous technology. BSNL had told the committee that the major hurdle it is facing in the 4G expansion lies in the fact that the technology being deployed may still take time to be tested and proven.

Red flags as SECI says Azure capacity given to Adani in 'public interest'

IN WHAT HAS raised red flags in the new Andhra Pradesh government led by TDP's N Chandrababu Naidu is a submission by the central government-undertaking Solar Energy Corporation of India (SECI) to the apex electricity regulator that the transfer of 2,300 megawatt solar capacity from Azure Power to Adani Green Energy was made in \"public interest\".

'Unusual' surge in November gold imports under govt lens

'SHINING' NUMBERS MAY BE REVISED

Rental housing norms for factory workers this week

● Developers may get 40% viability gap funding

Higher EPFO pension: Firms can file wage info till Jan 31

THE EMPLOYEES' PROVIDENT Fund Organisation (EPFO) has extended the time for uploading requisite wage details of members by employers till January 31, 2025, to avail pension on higher wages, the labour ministry said in a statement.

Higher EPFO pension: Firms can file wage info till Jan 31

THE EMPLOYEES' PROVIDENT Fund Organisation (EPFO) has extended the time for uploading requisite wage details of members by employers till January 31, 2025, to avail pension on higher wages, the labour ministry said in a statement.

Net direct tax collections grow 16% to ₹15.82 lakh cr

NET DIRECT TAX collection grew 16.45% year-on-year to over ₹15.82 lakh crore till December 17 this financial year, buoyed by higher advance tax mop-up, government data showed.

Trump tariff threats to open market access talks

Experts call for a targeted reduction of levy by India, with policies to boost manufacturing

Number of independent directors on corporate boards on the rise

BOARDS OF CORPORATE India have had a rising share of independent directors in recent years.

Will GST Council play Santa? All eyes on Saturday's meet

● Finance ministers of states will also make pre-Budget proposals

NHPC in talks with Bhutan for hydel JV

STATE-RUN NHPC IS in discussion with the Bhutan government to form a joint-venture company to undertake hydropower projects in the Himalayan country, a senior executive of the Indian hydropower major told FE.