CATEGORIES

Sebi introduces uniform data sharing policy for research

THE SECURITIES AND Exchange Board of India (Sebi) on Friday directed market infrastructure institutions (MIIs) to adopt a uniform policy for sharing data for research publications.

Central bank steps in to stem Re slide

THE RUPEE RECOVERED from its all-time low against the dollar and appreciated 5 paise to close at ₹85.03 on Friday.

RBI latest VRR auction gets robust response

THE RESERVE BANK of India's (RBI) seven-day variable rate repo auction (VRR) for ₹1.50 lakh crore has received bids worth ₹2.01 lakh on Friday, indicating a strong demand for funds from banks amid huge liquidity deficit, said interbank call money traders.

Forex reserves dip to nearly six-month low of $652.87 bn

INDIA'S FOREX RESERVES dropped by $1.988 billion to an almost six-month low of $652.869 billion for the week ended December 13, the RBI said on Friday.

Das pitched for inflation-growth balance at his final MPC meet

MINUTES REVEAL FOUR OF SIX MEMBERS VOTED FOR REPO RATE HOLD

Sensex tanks over 1K points, Nifty slips below 23,600

Sensex and Nifty plunged about 1.5% on Friday, taking their downtrend to the fifth straight session, due to risk aversion in the global markets after the hawkish stance of the US Federal Reserve.

SpiceJet's 3 grounded planes to fly again by April

DOMESTIC CARRIER SpiceJet on Friday said it is expecting three of its Boeing 737 MAX aircraft to become operationalised by April next year.

Disrupting E2W disruptor

CHENNAI-BASED TVS MOTOR saw the volumes of its electric two-wheeler range grow by 30% to 200,700 units, holding on to the second spot.

Low-cost growth is edtech's new winning formula, not high burn, says Lightspeed

THE EDTECH SECTOR is adopting a new mantra for success—efficient customer acquisition over high marketing spends.

Markets log worst week

WHILE THE SENSEX plunged 4,091.53 points or 4.98% in the week, the Nifty fell 1,180.80 points or 4.77%.

HC clears path for Adani to redevelop Dharavi

THE BOMBAY HIGH Court on Friday cleared the decks for redevelopment of Dharavi slums as it upheld the tender awarded to the Adani Group for the project by the Maharashtra government, ruling there was no \"arbitrariness, unreasonableness or perversity\" in the decision.

CCI approves UltraTech-India Cements deal

CCI approves UltraTech-India Cements deal

Accenture's Q1 earnings give IT companies a byte of hope

● Nasdaq-listed IT services major raises FY25 revenue growth forecast to 4-7%

Local players may miss out on smartphone PLI

DOMESTIC PLAYERS, APART from Dixon Technologies, are on course to miss out on the benefits of the government's smartphone production-linked incentive (PLI) scheme, which concludes in FY26.

Bajaj unveils e-Chetak variants, prices start at ₹1.2L

BAJAJ AUTO on Friday launched a new Chetak platform, the 35 Series, with two variants: the Chetak 3501 priced ₹1.27 lakh, and the Chetak 3502 priced ₹1.2 lakh, ex-showroom.

Local players may miss out on smartphone PLI

DOMESTIC PLAYERS, APART from Dixon Technologies, are on course to miss out on the benefits of the government's smartphone production-linked incentive (PLI) scheme, which concludes in FY26.

Accenture's Q1 earnings give IT companies a byte of hope

Nasdaq-listed IT services major raises FY25 revenue growth forecast to 4-7%

Delivery booster: Q-comm firms add medicines to cart

● Medinos, Medstown lead charge in quick delivery revolution

Zoomcar takes on Uber, Ola with new cab-hailing service

NASDAQ-LISTED CAR-sharing platform Zoomcar has entered the competitive cab-hailing market in Bengaluru with the launch of Zoomcar Cabs, a move seen to challenge industry majors like Uber, Ola, and newer players like Namma Yatri and Shoffr.

PNB officers' federation alleges tax discrimination

ALL INDIA PUNJAB National Bank Officers' Federation (AIPNBOF) has filed a writ petition in the Madras High Court against Punjab National Bank (PNB) alleging discrimination on the issue of perquisite tax on lease of houses.

Govt hikes copra MSP by up to ₹420 to ₹12,100 a quintal

THE GOVERNMENT ON Friday announced an increase in the minimum support price (MSP) for copra by up to ₹420 to ₹12,100 per quintal for 2025 with a budget outlay of ₹855 crore.

Probe into duty on steel items begins

The DGTR has given 15 days to exporters, importers and users in India to file their response for the investigation

CPSE net profits up 47% in FY24

● Petroleum firms boost earnings; m-cap up 121%

India likely to step up imports of pulses and edible oils from Brazil

● Tie-up on the cards for raising milk production

Govt signs ₹7,628 cr pact with L&T for Vajra guns

THE DEFENCE MINISTRY on Friday sealed a contract with Larsen & Toubro for procurement of K9 Vajra artillery guns for the Indian Army at a total cost of ₹7,628 crore that is expected to significantly bolster the force's strike capability.

States seek larger capex loans from Centre

Sitharaman urged to hike states' borrowing limits

Realtors body asks FM to review 18% GST on floor space index

CREDAI (Confederation of Real Estate Developers Association of India) on Friday urged the central government to reconsider the proposition of charging 18% GST on FSI/ additional FSI charges paid to local authorities for real estate projects.

GST Council to undertake massive rates rejig today

● Fitment committee recommends tax cuts for fortified rice kernels; UVs may attract 22% cess

Goyal for integration of industry and govt to boost logistics sector

COMMERCE AND INDUSTRY minister Piyush Goyal on Friday called for a complete integration of industry stakeholders with government platforms to improve efficiency of the logistics sector.

Bihar gets record ₹1.81 lakh crore investment; Adani, IOC big draws

ADANI GROUP, SUN Petrochemicals and a host of other companies—big and small—on Friday committed to investing a record ₹1.81 lakh crore in Bihar, across sectors ranging from renewable energy to cement, food processing and manufacturing.