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The Haryana connection

ITS LINK WITH the US and first world development is tenuous and perhaps in name only. But some memories still live on in Carterpuri, the small village in Haryana that waltzed with fame, albeit briefly, when the former US president came visiting 46 years ago and it was rechristened. Carter brought with him the glamour of the west and stoked aspirations, a local resident said. Carter visited the village in Gurugram and sent it into international pages of newspapers worldwide. PTI

Starlink to give cell service to Ukraine

THE UNITED STATES ON Monday announced nearly $6 billion in additional military and budget assistance for Ukraine as President Joe Biden uses his final weeks in office to surge aid to Kyiv before President-elect Donald Trump takes power.

SME IPOs Continue to See High Retail Interest

RETAIL INVESTORS IN the country are increasingly placing their bets on small and medium enterprises (SME) IPOs rather than mainboard issues.

Omkara AMC acquires ₹750-cr stressed assets

OMKARA ASSET RECONSTRUCTION Company, which has gross assets under management (AUM) of nearly ₹16,000 crore, has acquired stressed assets worth ₹750 crore from two entities, comprising a total of over 4,000 retail accounts.

Rupee remains steady on likely RBI intervention

THE RUPEE REMAINED largely steady on Monday on likely intervention by the Reserve Bank of India (RBI), ending the day at 85.54 against the dollar.

Monday blues: Benchmark indices close in the red

IT WAS A ROLLER-COASTER ride for the benchmark indices on Monday.

10-year G-Sec yields may ease to 6.60% by Mar: Tata AMC

THE YIELD ON the 10-year benchmark is expected to fall to 6.60% by the end of March and could fall further to 6.50%, Akhil Mittal, senior fund manager-debt at Tata Asset Management, told FE.

Healthcare sector to touch $320 billion by 2028: Report

INDIA'S HEALTHCARE SECTOR is expected to reach $320 billion by 2028, said a report by 'Great Place to Work'.

Growing regulatory scrutiny awaits e-commerce firms

IN 2025, e-commerce giants like Amazon and Flipkart are expected to face intensified regulatory oversight as the government strengthens measures to safeguard competition and protect consumer data.

Reliance seeks premium for KG block oil

RELIANCE INDUSTRIES IS seeking a premium of at least $3.5 per barrel over an international benchmark for crude oil it produces for eastern offshore KG-D6 block, according to the tender the firm put out on Monday.

BII revises investment in Mahindra's EV firm

UK-BASED INVESTOR British International Investment (BII) and Mahindra & Mahindra (M&M) have mutually agreed for a downward revision of former's investment into M&M's electric vehicle making company.

Flyers left in the cold as delays surge

More than 2.39 million passengers were directly affected by delays in the first 11 months of the year, a 27% increase compared to the same period in 2023.

Adani Green Energy's CEO Amit Singh to step down

ADANI GREEN ENERGY'S chief executive officer Amit Singh will step down to take up the role of the chief of the international energy business of the Adani Group, the renewable energy firm said on Monday.

IT firms may face cost hikes with H-1B overhaul

Visa changes unlikely to become more restrictive

Future forward: How AI will redefine new year

ARTIFICIAL INTELLIGENCE (AI) is set to redefine industries in 2025, driven by advancements in agentic AI, smaller language models (SLMs), and domain-specific solutions.

Festive cheer missing as retail sales growth slows, finds study

THE RETAIL SECTOR's festive sales growth failed to meet expectations this year, reflecting subdued consumer demand, according to the Retailers Association of India (RAI).

Nissan turns to Honda to steer India operations out of crisis

Nissan faces decline in market share and fewer dealerships

Bata India set to roll out VRS scheme at Hosur facility in TN

BATA INDIA ON Monday said that it will introduce a voluntary retirement scheme (VRS) at its Hosur unit in Tamil Nadu.

India's external debt rises to $711.8 bn in September

INDIA'S EXTERNAL DEBT rose to $711.8 billion as of September this year, up 4.3% over June 2024, as per the data released by the finance ministry.

Govt plans to double subsidy for chip design to ₹30 crore

MOVE WILL BENEFIT STARTUPS

Andhra CM Clears ₹1.8L-Cr Projects

ANDHRA PRADESH CHIEF minister N Chandrababu Naidu on Monday approved nine projects, which are set to bring in investments totaling ₹1.82 lakh crore and are expected to generate 2.63 lakh jobs.

India Inc's Budget wish list: I-T relief & support for poor

Govt warned against sharper fiscal consolidation

Microfinance faces rising delinquencies

THE MICROFINANCE SECTOR is showing signs of stress, with rising delinquencies across all types of lenders and ticket sizes, the Reserve Bank of India (RBI) stated in its latest Financial Stability Report.

...while funding gap widens

BANKS AND NON-BANKING financial companies (NBFCs) resorted aggressively to the use of certificate of deposits and commercial papers, respectively, to meet their funding gaps.

RBI Red-Flags Worsening Asset Quality in Unsecured Loans

Growth in personal loans moderates post regulatory measures

Mandi rates of pulses fall but retail prices high

RETAIL PULSES PRICES continue to rule firm despite a fall in mandi prices due to the arrival of kharif harvests and robust imports.

In a problem-solving mode

FINANCIAL REGULATORS, ACROSS the world, have unenviable jobs. Either they take hard positions against the industry or individual, thereby inviting the wrath or displeasure of one or both.

All eyes on Virat & Rohit to plot a magical win, rediscover glory

If Sunday's Test cricket at the MCG was exhilarating, a mouth-watering Monday awaits the audience on Monday. With Australia's overall lead sitting on 333—the highest score a team has chased to win here is 332, almost a century ago—and with a wicket in hand, all three results are possible. A historic Border-Gavaskar retaining triumph by the Indians; a vital win for Australia, who were reeling on Saturday morning but were revived by captain Pat Cummins and the fellow bowlers; or that cricket-romantic's dream of a tie that both countries can't stop talking about since the 1987 one in Chennai.

Funding rebound augurs well for startup ecosystem

STARTUP EXPERTS FORESEE a steady rebound in startup funding, driven by strong economic fundamentals and a focus on sustainable growth in 2025.

Constitution guiding light; Maha Kumbh's message is unity: Modi

INDIA'S CONSTITUTION HAS stood the test of time and it is the country's guiding light, Prime Minister Narendra Modi said on Sunday in the year's final episode of the Mann Ki Baat radio address.