CATEGORIES

RBI Lifts Restrictions on Asirvad, DMI Finance

The Reserve Bank of India on Wednesday lifted supervisory restrictions on Asirvad Micro Finance and DMI Finance.

Indices Stage Smart Recovery, Defy Slowdown Concerns

The benchmark indices staged a smart recovery in the second half of the trading session on Wednesday, but ended the day with marginal losses.

Yields rise to 6.7678%

THE RUPEE FELL 14 paise, or 0.2%, to an all-time closing low of 85.86 on Wednesday as the dollar further strengthened on account of positive economic data from the US, said forex traders.

Microfinance portfolio shrinks

THE MICROFINANCE PORTFOLIO declined 4.3% to ₹4.14 lakh crore in the September quarter as microlenders turned cautious amid concerns over the deteriorating asset quality, according to a report released by credit information company Crif High Mark.

NBFC fundraising through ECB route hits 5-year high

FUNDRAISING BY NON-BANKING financial companies (NBFCs) through the external commercial borrowings (ECB) route has hit a five-year high in 2024.

Govt mulls lifting ban on trade in some crop futures

THE GOVERNMENT IS considering revoking a three-year ban on futures trading in seven agricultural commodities, including wheat and unprocessed rice, after studies found the steps were counterproductive, according to a person with knowledge of the matter.

JSW's Mozambique deal on hold

LEGAL DISPUTE OVER COAL CONCESSION AGREEMENT WITH MdR

Ola Electric gets Sebi warning over disclosure lapses

MARKETS REGULATOR SEBI has issued an administrative warning letter to Ola Electric Mobility over violations of disclosure norms.

M&M Unveils Advanced Hub for EV Production

Mahindra has launched a cutting-edge electric vehicle (EV) manufacturing and battery assembly facility at its Chakan hub, dedicated to electric-origin UVs.

SC order on land row drags Aditya Birla realty shares

SCRIP ENDS 3.59% LOWER

New entrants, QSRs fuel 10-min food delivery biz

From Niche To Universal

Infinity Fincorp loan book tops ₹1K cr

MUMBAI-BASED INFINITY FINCORP, which provides loans against property for MSME borrowers, has increased its loan book to over ₹1,000 crore, company founder, MD and CEO Shrikant Ravalkar told FE in an interaction.

E-comm, q-comm major driver of demand in the country

Welspun One, the logistics and industrial property arm of Welspun group, recently said it plans to raise ₹4,000 crore to fund its expansion.

Top contenders shortlisted for ₹10k-cr AI compute initiative

List includes Yotta Data Services, Jio Platforms, Tata Communications

Inter-ministerial team to govern AI proposed

A PANEL APPOINTED by the ministry of electronics and IT (MeitY) has recommended an inter-ministerial approach to govern artificial intelligence (AI).

Nadella: India must balance AI ambition with investment

INDIA HAS THE potential to be a global leader in artificial intelligence (AI), but it must carefully weigh its investments in building foundational AI models, Microsoft chairman and CEO Satya Nadella said on Wednesday.

Isro delays space docking experiment one more time

ISRO postponed a space docking mission for the second time late Wednesday. The agency cited an issue arising from excess drift between the satellites, without disclosing a new date for the docking. The technology was originally set to be tested on Jan. 7 local time.

Modi Launches ₹2L Cr Andhra Projects

PRIME MINISTER NARENDRA Modi on Wednesday virtually laid the foundation stone and launched projects worth over ₹2 lakh crore here and said the Centre will work with Andhra Pradesh in realising its vision of becoming approximately a $2.5 trillion economy by 2047.

Higher corporate efficiency also behind lower wage growth

The trend of manufacturing companies outsourcing services has impacted wage growth in India, Sanjiv Puri, president of the Confederation of Indian Industry (CII), said in an interview with Priyansh Verma & Raghav Aggarwal.

DPIIT Looks at Policy Tweaks to Boost FDI

The Department for Promotion of Industry and Internal Trade (DPIIT) held a consultation with stakeholders on Wednesday on ways to increase the inflows of foreign direct investment (FDI) by carrying out required changes in regulations.

BP bags contract to operate ONGC's Mumbai High field

BRITISH MULTINATIONAL BP has been selected as the technical service provider for the enhancement of production of state-owned Oil and Natural Gas Corp's Mumbai High oil and gas field by up to 60% over baseline levels over a 10-year period.

Steel import duty may lead to steep price hike

STEEL PRICES IN 2025 would be much higher than last year's if the proposed safeguard duty on steel imports is imposed by the end of next month, rating agency Crisil said on Wednesday.

Gold imports overstated by $11.7 bn in Apr-Nov: Govt

Losing Sheen

Digital farmer ID must to apply for PM Kisan benefits

States requested to upgrade land records

Nvidia Unveils New Tech for Gamers

● Also announces first desktop PC

HMPV: Centre asks states to step up surveillance of respiratory illnesses

Two suspected cases of the virus were reported from Nagpur, taking the total number to seven

Nvidia Unveils New Tech for Gamers

● Also announces first desktop PC

Samsung CEO touts AI fridges & washers

SAMSUNG ELECTRONICS IS ramping up investment in AI for consumer electronics, betting on its ubiquitous presence in gadgets from smartphones to TVs to help it stake out a spot in the AI arena.

Only 1 in 5 Sees Household Income Rising in '25: Study

ONLY 24% OR 1 out of every 5 Indians expects their household income to rise in 2025, a survey released on Tuesday showed.

Orbit, Sanabil Launch Startups' Accelerator

ORBIT STARTUPS (ORBIT) and Sanabil Investments have launched an accelerator programme to cultivate early-stage startups from the Saudi Arabia and the Middle East and North Africa (MENA) region as well as global startups seeking to expand into the region.