CATEGORIES

Mahatma's legacy under threat from those in power in Delhi, says Sonia

ASSERTING THAT MAHATMA Gandhi has been and will continue to be the fundamental source of inspiration, Congress Parliamentary Party (CPP) chief Sonia Gandhi on Thursday said his legacy is under threat from those in power in Delhi and the ideologies and institutions that have nurtured them.

Former PM Manmohan Singh passes away

IN THE SAME year, the Right to Information Act, too, was brought in, and it has since served as a tool for higher accountability in governance.

Speed is of the essence

● Service providers must amp up reach to expand market

AAP-Cong rift boils over as election nears

WITH ASSEMBLY ELECTIONS in Delhi just a month away, the war of words between the AAP and the Congress, two key constituents of the Opposition INDIA bloc, intensified on Thursday, putting others in the grouping in a quandary.

Corruption vs capability in PLA

ILLUSION OF STRENGTH PARTLY EXPLAINS XI JINPING'S CAUTIOUS APPROACH TO REGIONAL DISPUTES

Can Biden's Green Boom Survive Trump's Wrecking Ball?

THE ENERGY TRANSITION sustained an electoral trauma as 2024 drew to a close. The incoming administration of President-elect Donald Trump promises to undo at least some of the progress made on decarbonisation under President Joe Biden.

Resilience or stress?

Employment in informal manufacturing enterprises is not back to pre-demonetisation levels

Transforming agricultural research

The plateauing of gains from Green Revolution necessitates the adoption of adaptive and market responsive strategies

Nippon extends $15-bn US Steel deal deadline

The closing date was revised to the first quarter of 2025 from the third or fourth quarter of 2024 previously. JAPAN'S NIPPON STEEL said on Thursday it has extended the closing date for its $14.9 billion purchase of US Steel as US President Joe Biden weighs whether to block a deal that has faced intense opposition since it was announced.

China revises up 2023 GDP, sees little impact on 2024 growth

CHINA REVISED UPWARDS on Thursday the size of its economy by 2.7%, but said the change would have little impact on the country's growth this year, as policymakers pledged more stimulus to spur expansion in 2025.

Russia Rejects Trump Call for Ukraine Truce

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 almost three years of war.

Alibaba, E-Mart to form $4-bn e-tail JV in South Korea

ALIBABA GROUP HOLDING agreed to merge its South Korean operations with E-Mart's e-commerce platform to better compete in the country's fast-paced online retail sector.

S Korea Opposition Moves to Impeach Acting President

SOUTH KOREA'S MAIN opposition party introduced a Bill to impeach acting President Han Duck-soo on Thursday, a day before it plans to seek a vote on the move, which could deepen a constitutional crisis triggered by a short-lived martial law.

Five Palestinian Scribes Killed

FIVE PALESTINIAN JOURNALISTS have been killed by an Israeli strike in the Gaza Strip, the health ministry said Thursday.

Trump's Bitcoin promise hard to keep

Can He Deliver?

Banks' bad loan ratio at 13-yr low on higher recoveries

Reduction In GNPAs, Lower Slippages

Lenders Disburse Loans Worth ₹27K Cr Through ULI

BANKS AND NBFCS disbursed more than 600,000 loans amounting to ₹27,000 crore using Unified Lending Interface (ULI) as on December 6.

NBFCs Maintain Double-Digit Credit Growth Last Fiscal

Loans and advances by non-banking financial companies (NBFCs) grew 18.5% in FY24, primarily driven by upper-layer NBFCs, according to the Reserve Bank of India's report on trend and progress, released on Thursday.

HC stays Religare AGM, RBI's nod for open offer

IN A SETBACK to the Burman family, the Madhya Pradesh High Court has stayed the approval granted by the Reserve Bank of India (RBI) for making an open offer to acquire an additional 26% stake in Religare Enterprises as well as the company's annual general meeting (AGM) scheduled for December 31.

SMFG India Credit receives ₹3,000 crore from parent

JAPANESE MAJOR SUMITOMO Mitsui Financial Group announced on Thursday that it has infused ₹3,000 crore into its Indian NBFC subsidiary, SMFG India Credit Company, via rights issue.

IndusInd plans to sell ₹1,500-crore bad loans to ARCs

INDUSIND BANK PLANS to sell nearly ₹1,500 crore worth of bad loans, including more than 1 million micro loans with a ticket size anywhere between ₹5,000 and ₹40,000, to asset reconstruction companies (ARCs), in a bid to arrest deterioration in its asset quality.

Housing sales volume may fall 4%

HOUSING SALES ARE estimated to fall 4% this year in seven major cities to nearly 0.46 million units on lower launches, while sales in value terms are up 16% at ₹5.68 lakh crore.

Jubilant Foods inks deal with Coca-Cola

JUBILANT FOOD (JFL) on Thursday said it has signed an MoU with Coca-Cola company to buy sparkling drinks and other products from the beverages major.

SECI order: RPower arm gets interim relief from HC

THE DELHI HIGH Court has granted interim relief to Reliance Power's subsidiary, Reliance NU BESS, in a petition pertaining to disqualification from participating in three bids solely on the ground of the debarment order dated November 6, issued by Solar Energy Corporation of India (SECI), against the petitioner.

Demand shift pushes small cars to oblivion

ONCE AN UBIQUITOUS product on the roads, commanding a lion's share of the market, out of every 33 cars sold today just one is a mini car, highlighting a massive shift in the buyer pattern.

Tech landscape: AI regulation, chip push to take centre stage

THE TECH POLICY landscape in 2025 is expected to focus on issues such as the implementation of the data protection law, the possible rollout of the draft of Digital India Act, AI regulation, semiconductor 2.0 incentive scheme and finalisation of the electronics components scheme.

Tata Sons chief sees a golden age for manufacturing

WITH GLOBAL SUPPLY chains increasingly tilting in India's favour, the manufacturing sector is poised for a transformative era, Tata Sons' chairman N Chandrasekaran said on Thursday in his New Year message to employees.

Maharashtra CM Unveils Good Governance Index

THE PROGRESS OF a state depends on 'ease of living' and this is being prioritised by the Maharashtra government, chief minister Devendra Fadnavis said on Thursday.

Slew of laws likely to fix insolvency

PAST YEAR SAW A SLOWING OF RESOLUTION PACE, SC INTERVENTION

Gujarat traders demand cut in cotton MSP

Amid declining cotton exports and rising imports, cotton traders and associations in Gujarat are urging the government to reduce the minimum support price (MSP) for cotton.