CATEGORIES

For IT firms, it's a mixed blessing

Despite currency pressures, the Indian IT sector is experiencing robust growth driven by strong demand for cloud and AI-driven transformation projects, leading to a mixed impact on companies' margins and profits.

Toyota-Suzuki pact should be the template in India

ANALYSTS SAID THAT for the Indian market, auto firms can't afford to be just in segments like petrol and diesel.

UK insurer Aviva to shed up to 2,300 jobs in $4.65-billion deal

British insurer Aviva could cut up to 2,300 jobs as it takes over smaller rival Direct Line in a 3.7 billion pound ($4.65 billion) cash-and-stock deal, the companies said on Monday, creating the UK's largest home and motor insurer.

Noel Tata: From shadows to spotlight

THE NEW CHAIRMAN of Tata Trusts, however, has done enough to remove the earlier perception of \"lack of exposure\".

US launches new probe into legacy Chinese chips

The effort could offer Trump a ready avenue to begin imposing some of the hefty 60% tariffs he has threatened on Chinese imports

In a note to India, Bangladesh demands Hasina's extradition

● Dhaka insists on Hasina's trial, India declines comment

Govt schools can fail class 5, 8; no-detention policy ends

THE CENTRE HAS scrapped the no-detention policy in schools governed by it, including Kendriya Vidyalayas and Jawahar Navodaya Vidyalayas, allowing students of Classes 5 and 8 to be held back from the ongoing academic session.

Emami: Operating margins to improve

● Bolt-on acquisitions to drive double-digit revenue growth

Awfis Space Solutions: Sustained growth outlook

35% CAGR in seat additions during FY24-27 projected

Siemens: Weak outlook on HVDC, Rlys

AT ITS Q4FY24 EARNINGS call, Siemens sought to tamper expectations on several fronts: (i) delays in large high voltage direct current (HVDC) orders, as India's preference for line-commutated converter (LCC) technology contrasts with Siemens' global focus on voltage source converter (VSC) technology; (ii) sluggish momentum in railway orders for locomotives and trainsets, with a potential higher allocation to Indian Railways factories; and (iii) muted performance in the LV business (smart infrastructure, including discoms capex and private capex in digital infrastructure).

Europe's hottest stock has an American architect

FORCED TO SEEK a government rescue barely a year ago, Siemens Energy was an unlikely candidate for Europe's best performing stock of 2024.

Merge to survive

Electric mobility is disrupting the global auto industry, forcing alliances and consolidation

Struggles with a consumer society

TIGHTENING GOVERNMENT CONTROL ON CHINESE SOCIETY IS AT ODDS WITH ITS GOAL OF RAISING CONSUMPTION

The conundrum of repo rate arguments

Monetary policy always triggers debate as theoretical arguments on both sides: repo rate induces investment or repo rate lowers inflation are equally strong

HUDCO, PGCIL raise 10-yr bonds at 7.12%

HOUSING AND URBAN Development Corporation (HUDCO) and Power Grid Corporation (PGCIL) have raised funds from the domestic debt capital market.

Kalyani Investment pays ₹1.12 crore to settle case with Sebi

KALYANI INVESTMENT, ONE of the promoter group entities of Bharat Forge, has settled a case with Sebi about the alleged violation of disclosure norms after paying ₹1.12 crore towards the settlement fee.

Burman family gets Sebi nod for Religare open offer

THE BURMAN FAMILY'S open offer to acquire an additional 26% stake in Religare Enterprises has received an approval from the Securities and Exchange Board of India (Sebi), according to a report.

Rupee closes at its lifetime low of 85.12

● Weak yuan, demand for dollar keep the currency under pressure

Sebi suspends trading in Bharat Global on financial irregularities

SEBI ON MONDAY suspended trading in Bharat Global Developers for alleged financial misrepresentation, misleading disclosures, price manipulation and offloading shares at inflated prices.

Non-life insurance claims ratio dips to 83%

NET INCURRED CLAIMS to net earned premium (claims ratio) of the non-life insurance industry stood at 82.52% during 2023-24, compared with 82.95% in the preceding fiscal, according to the Irdai's annual report.

Banks lobby RBI for new swaps market benchmark

A GROUP OF banks has asked the Reserve Bank of India to approve a new benchmark for overnight indexed swaps, according to people familiar with the matter.

OYO buys US-based G6 Hospitality in a $525-million deal

TRAVELTECH COMPANY Oyo on Monday said it has completed the acquisition of US-based G6 Hospitality from Blackstone for $525 million.

Telcos told to offer separate voice, SMS recharge plans

THE TELECOM REGULATORY Authority of India (Trai) on Monday mandated telecom operators to offer separate recharge plans only for voice and SMS services.

Telcos see fresh challenges from direct-to-mobile technology

TELECOM OPERATORS, REPRESENTED by the Cellular Operators Association of India (COAI), on Monday said the proposed direct-to-mobile (D2M) technology will pose new challenges.

AI integration seen gaining pace in 2025, to unlock biz value: Report

THE UPCOMING YEAR will see enterprises accelerating AI integration and other advanced technologies to unlock significant business value, according to Wipro's Tech Trends for 2025 report.

Simplilearn cuts losses by 56% to ₹107 cr in FY24

UPSKILLING PLATFORM SIMPLILEARN reduced its net losses by 56% to ₹106.7 crore in FY24 from ₹244.2 crore in FY23.

Airtel adds users in Oct, Jio loses again

AFTER LOSING MOBILE subscribers for the three consecutive months, Bharti Airtel added 1.9 million users in October.

Air passenger traffic rises 12% in Nov

PASSENGERS CARRIED BY domestic airlines in India grew by 12% to 14.2 million in November against the same month last year, as per data supplied by the Directorate General of Civil Aviation (DGCA).

Firms seek relief in 2025

• CEOs say move to be calibrated to align with fragile demand

ReNew sells 300 MW solar asset in Rajasthan

RENEW ENERGY GLOBAL on Monday said it has sold its 300 MW solar project in Jaisalmer, Rajasthan, at an enterprise valuation of $176 million (nearly ₹1,500 crore) to Anzen Energy Yield Plus Trust.