CATEGORIES

CCPA Fines 3 UPSC Coaching Centres

The Central Consumer Protection Authority (CCPA) has imposed penalties totalling ₹15 lakh on three coaching institutes for making misleading advertisements about their success rates in civil services examinations, the government said on Thursday.

Top 7 cities' housing sales fall 4% in 2024

Housing sales are estimated to fall 4% this year in seven major cities to nearly 460,000 units on lower launches, while sales in value terms are up 16% to ₹5.68 lakh crore, according to Anarock.

China Plans World's Largest Dam in Tibet

China has approved the construction of what will be the world's largest hydropower dam, kicking off an ambitious project on the eastern rim of the Tibetan plateau that could affect millions downstream in India and Bangladesh.

Russia Rejects US' Truce Call in Ukraine

Russia rebuffed incoming US President Donald Trump's call for an immediate ceasefire in Ukraine, while saying it's ready to hold negotiations on a long-lasting peace agreement to end the war.

Trade, service sector leaders meet FM, plead for tax cuts

The discussions come at a time when the economy is grappling with slowing growth

Korea Opposition Moves To Impeach Acting President

The attempt to impeach Han comes as South Korea is still reeling from Yoon's martial law decree

It was a bad year for the world's autocrats

In 2024, authoritarian leaders around the world faced unexpected setbacks, exposing vulnerabilities in their regimes.

Israelis See Chance to Remake Middle East in War's Wake

Israel has weakened Iran by largely incapacitating its military allies Hamas and Hezbollah

OTTs Focus on Ad Model as a New Dominant Player Emerges

The party for content creators and writers may be over as commissioning of new original shows slows

Re-releases save the day as Bollywood absent from theatres in 2024

Bollywood couldn't have been more conspicuous by its absence in movie theatres this year, with nearly the full April-June quarter going by without any big releases.

FMCG cos brace for uncertain times, bet on premium craving

Companies are also adapting to changing channel dynamics, as competition in quick commerce intensifies

India Must Envision and Develop Ambitious New Tourism Projects

Destination management can be enhanced by deploying technology

BYD Slams Reports of Poor Conditions at Brazil Factory Site

Earlier in the week, a task force led by Brazilian prosecutors said it had rescued 163 Chinese nationals at the site

Trump's tariff plan to hit affordable cars the hardest

U.S. car industry has a 'big case of anxiety' about president-elect's proposed 25% tariff on Mexico, Canada imports

L&T Eyes 20% Growth in FY26

Infrastructure major Larsen & Toubro (L&T) expects its construction and mining machinery business to grow at least 20% in the next fiscal year, with the company planning to double sales in the next five years.

Niche US Films Eye Premium Pricing

Footfalls are driven by content and the overall cinematic experience and not ticket prices alone, say experts

New India manufacturing era beckons

With the global supply chains continuing to shift in India's favour as the world's largest businesses strike a new balance between resilience and efficiency, manufacturing has the potential to transform the economy, Tata Sons chairman N Chandrasekaran said.

Medtech firms bet on exports

Local medical devices manufacturers look beyond borders to capitalize on the rising demand in global markets

HC Halts Religare AGM, Blocks Burman Offer

The order follows a PIL aimed at protecting the interests of Religare's minority shareholders

Miners, steel firms in limbo on tax uncertainty, weak prices

Mining and steel companies are caught between a rock and a hard place.

Rupee plunges 12p to end at new low of 85.27 to dollar

The rupee weakened on a strong dollar and rising US treasury yields that are at the highest levels in seven months

Indian oil demand growth to top China's in 2024: S&P

India is poised to close 2024 with a higher oil demand growth than China, underscoring its emergence as a key consumption hub in Asia, according to a report by S&P Global Commodity Insights.

RBI committee to study global regulations on AI, identify risks

The eight-member panel will be chaired by Pushpak Bhattacharyya, professor from IIT Bombay

Japan's SMFG puts $350 million into Indian NBFC arm

Japan's Sumitomo Mitsui Financial Group (SMFG) has invested an additional ₹3,000 crore, or over $350 million, into SMFG India Credit through a rights issue.

Alibaba, E-Mart plan $4 bn JV in Korea

Alibaba Group Holding Ltd. agreed to merge its South Korean operations with E-Mart Inc.'s e-commerce platform to better compete in the country's fast-paced online retail sector.

KKR to lead Leap India's ₹535 crore funding

Leap India Pvt. Ltd, a storage and supply chain services provider that is majority-owned by private equity firm KKR, is raising ₹535 crore (around $62.7 million) in its latest funding round led by KKR, along with participation from Sixth Sense, First Bridge India, Madhurima International and Niveshaay Sambhav Fund, as well as a few angel investors.

Jubilant Foods in pact with Coca-Cola

Food services company Jubilant FoodWorks Ltd (JFL), which operates Domino's and Popeye's chains of restaurants in India and neighbouring markets, said on Thursday it has signed a memorandum of understanding (MoU) with The Coca-Cola Company to procure sparkling beverages from the soft drink major's bottlers.

AI, advanced robotics to transform highway building

The plan aims to speed up construction, reduce waste and improve ride quality, durability

Govt weighs income tax cuts to give relief to the middle class

India is considering cutting income tax for individuals making up to ₹15 lakh ($17,590) a year in February's budget to provide relief to the middle class and boost consumption as the economy slows, two government officials said.

Signs of growth rebound ahead: Economic review

India's GDP is expected to grow at 6.5% in 2024-25 despite a slowdown in investment growth due to reduced public expenditure, private sector caution, global uncertainties, and concerns over excess capacity and dumping, the Union finance ministry said in its November economic review released on Thursday.