CATEGORIES

RBI intervention ensures rupee stability

THE RUPEE HIT new lows in CY24 but outperformed most Asian currencies, thanks to timely interventions by the Reserve Bank of India (RBI).

India Inc raises record ₹1.21 L-Cr via QIPs till Nov

Fundraising through Qualified Institutional Placements (QIPs) reached an all-time high in 2024, surpassing the ₹1 lakh crore-mark for the first time ever in a calendar year, fuelled by strong stock market conditions and higher valuations.

Nifty breaks out, set to soar higher

FRIDAY THE 13TH turned out to be an eventful day for the Nifty. It initially plunged 368 points during late morning trade but rebounded strongly to close with a gain of 220 points, or 0.89%.

Sebi eases listing & disclosure rules for public companies

THE SECURITIES AND Exchange Board of India (Sebi) has notified a slew of amendments aimed at easing the listing obligations and disclosure requirements for public companies, effective from December 12.

IIHL to wrap up RCap deal by Jan 2025, say Hindujas

An additional amount by way of debt of ₹3,000 crore has already been raised and kept in a separate account, pending closure of certain activities.

Nissan's India turnaround plans intact

JAPANESE AUTO MAJOR Nissan's plans to turn around its Indian operations remain intact, and it is looking to increase headcount in the country despite the turbulence it is facing globally, according to a senior company official.

Dark store tech startups see a glimmer of profit

WAREIQ supports more than 400 brands, including Technosport and Lotus Herbals, with same-day and next-day delivery via shared warehouses.

Dixon, Vivo India tie up to make smartphones

The proposed JV will undertake part of Vivo's OEM orders of smartphones in India

Myntra's in vogue with M-Now

QUICK COMMERCE WILL HELP THE PLATFORM ADD CONSUMERS

Pharma, FMCG, oil and gas lead hiring for AI/ML roles

JOIN AUTOMOBILE, BFSI SECTORS IN THE RACE TO ACQUIRE TALENT

Confident of meeting sales guidance for FY25'

Bengaluru-based Prestige Estates Projects plans to launch multiple projects in Bengaluru, Hyderabad, Mumbai, among others, comprising a total area of 53 million sqft with total sales value of ₹52,114 crore by March 2025. In an interview, its chairman and managing director Irfan Razack tells Raghavendra Kamath about the company's plans and strategy.

Airlines' need to diversify their revenues hit by slim margins: IATA's Thomsen

AIRLINES ARE PRICE takers as they do not have an influence on the prices they pay, IATA chief economist Marie Owens Thomsen has said, adding that the need to diversify revenues is complicated by slim profit margins and weak balance sheets.

Jet's liquidation may take off with auctioned planes

AFTER A DELAY of more than two years, three Boeing 777s, formerly owned by Jet Airways and lying at the Mumbai airport, may finally be transferred to Malta-based Challenge Group.

Traveltech startups taking to acquisitions to drive growth

TRAVELTECH STARTUPS LIKE Oyo, ixigo, EaseMyTrip are driving growth through a surge in acquisitions, targeting market expansion, customer reach and enhanced capabilities, given the post-pandemic travel boom.

ABC to pay $15 mn to settle defamation suit by Trump

ABC NEWS is set to pay $15 million to settle a defamation lawsuit brought by Donald Trump.

S Korea's acting prez calms markets, reassures allies

SOUTH KOREA'S ACTING president, Han Duck-soo, moved on Sunday to reassure the country's allies and calm financial markets a day after President Yoon Suk Yeol was impeached and suspended from his duties over a martial law attempt.

Open global trade only way to feed world: WTO

GLOBAL POVERTY WILL increase if the world doesn't work to maintain a stable and open trading system, World Trade Organisation (WTO) director general Ngozi Okonjo-Iweala said.

Cyclone Chido slams Mayotte, at least 11 dead

AT LEAST 11 people have died after Cyclone Chido caused devastating damage in the French territory of Mayotte in the Indian Ocean, France's interior ministry said Sunday.

Crude import bill up 5% in Apr-Nov

INDIA'S CRUDE IMPORT bill increased 4.9% during the first eight months of the current fiscal 2024-25 to $91.7 billion against $87.4 billion in the same period in FY24, data from the Petroleum Planning and Analysis Cell showed.

Capacity utilisation by steel companies falls to a four-year low

● Demand for higher import tariffs shows cost disadvantage

India gained from the last Trump tariff war: Study

TO REAP BENEFITS

Group insolvency rules likely part of Bill to amend IBC

● Need to address stressed asset interlinkages: Experts

Full Budget funding for NHAI may continue for a decade

TOLL REVENUES TO SUFFICE FOR CAPEX NEEDS IN A FEW YEARS

Hinduja: IIHL to wrap up RCap deal by January

INDUSIND INTERNATIONAL HOLDINGS Limited (IIHL) aims to complete the acquisition of Reliance Capital (RCap) by January 2025.

VCs double returns from public market exits to $4 billion

RIDING THE IPO BOOM

TikTok's bid to pause US ban denied

TIKTOK FACES A US ban next month after an appeals court declined to pause the measure, which takes effect if the popular video-sharing app isn't sold by its China-based parent ByteDance.

Notre Dame Cathedral's reopening capped stellar year for luxury house LVMH

The brand enjoyed unprecedented visibility in 2024

OpenAI whistleblower of Indian-origin dies by suicide in USA

A 26-year-old Indian-origin former employee of the artificial intelligence giant OpenAI has died by suicide in San Francisco, authorities said.

Trump was fact-checked by Time for 'Person of the Year'

This has happened for the first time with a designee

China to cut rates, reserve requirement ratio next year

5% GDP growth expected this year