Business Standard - December 31, 2024

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December 31, 2024

Confidence is high, outlook is bright: Malhotra on economy

But stress tests show GNPA ratio of banks may rise under baseline scenario

2 mins

Adani group to exit Wilmar JV, raise ₹18,817 cr

Will offload entire 44% stake, boost investment in AEL's core infra platforms

2 mins

Cricket, PM, a wedding, a death and qcom on top of mind

Rediffusion survey of what dominated India's emotional and cultural landscape this year

2 mins

Taking India to the world

For all its heritage and craftsmanship, the country has produced only a handful of global brands. But a new generation of creative entrepreneurs is changing that

5 mins

Nifty 50 Firms Registered 92 Deaths in Industrial Ops in FY24

National Stock Exchange Nifty 50 companies failed to rein in the incidence of fatalities at their industrial operations in 2023-24 (FY24), with 92 lives lost during the period, higher than those recorded in the previous year.

2 mins

IT eyes 7-9% growth on BFSI, AI funding

India's information technology (IT) services sector is likely to see steady revenue growth of 7-9 per cent in the next financial year (FY26), led by a gradual pick-up in relevant spends—mainly by the banking, financial services, and insurance (BFSI) and gen-AI sectors—in the US and parts of Europe.

1 min

Black, blue shine bright for car owners

These colours have seen their popularity increase over the years but white still a top choice

2 mins

SpiceJet to talk to Boeing for B737 deliveries

Chairman and MD Ajay Singh apprises investors of his plans at the company's AGM

1 min

Microfinance sector stress rises as bad loans double in H1FY25

The Reserve Bank of India (RBI) on Monday reported that stress in the microfinance sector doubled during the April to September period, with the share of stressed assets in the 31-180 days past due (DPD) category increasing from 2.15 per cent to 4.30 per cent.

1 min

NBFCs' loan growth eases to 6.5% in H1

Following the Reserve Bank of India (RBI) increasing risk weights on NBFC lending to certain consumer credit categories as well as on bank lending to NBFCs, loan growth of shadow banks moderated significantly during H1FY25 to 6.5 per cent on a half year-on-half year (H-O-H) basis in September 2024, RBI said in its Financial Stability Report.

1 min

Slippages from smaller personal credit a risk for secured loans

The Reserve Bank of India (RBI) cautioned in its biannual Financial Stability Report (FSR) that borrowers with unsecured loans, such as credit cards and personal loans, who also have larger secured loans, risk triggering delinquencies in the secured loans if they default on the smaller ones.

2 mins

Private banks masking retail asset woes with write-offs

Central bank: 52% retail NPA from unsecured loans

2 mins

Crypto assets may impact financial stability

Widespread use of crypto assets, including stablecoins, can have a negative impact on the macroeconomic and financial stability of a country, the Reserve Bank of India (RBI) said on Monday.

1 min

Ex-US Prez and Nobel winner Jimmy Carter dies at 100

Tributes pour in for 'extraordinary leader' and 'peacemaker'; NYSE to close trading on Jan 9 for national day of mourning

2 mins

Authorities Seek Warrant to Detain Impeached Prez

South Korean law enforcement officials requested a court warrant on Monday to detain impeached President Yoon Suk Yeol (pictured) as they investigate whether his martial law decree on December 3 amounted to rebellion.

1 min

South Korea orders airline safety probe after deadly Jeju Air crash

South Korea's acting President Choi Sang-mok on Monday ordered an emergency safety inspection of the country's entire airline operation as investigators worked to identify victims and find out what caused the deadliest air disaster on South Korean soil.

1 min

Chinese youth flock to civil service, but slow economy puts jobs at risk

A record 3.4 million young Chinese flocked to the civil service exam this year, lured by the prospect of lifetime job security and perks including subsidised housing as an economic slowdown batters the private sector and youth unemployment remains high.

2 mins

Appeals Court Upholds $5 Million Award in Abuse Verdict Against Trump

A federal appeals court on Monday upheld a jury's finding in a civil case that Donald Trump (pictured) sexually abused a columnist in an upscale department store dressing room in the mid-1990s.

1 min

World population to be 8.09 bn on Jan 1 after 71mn jump in 2024

The world population increased by more than 71 million people in 2024 and will be 8.09 billion people on New Year's Day, according to US Census Bureau estimates released Monday.

1 min

MAGA vs the techies

Row stresses ideological confusion over H-1B visas

2 mins

How (not) to discuss consumption in 2025

This year has seen frenzied and obsessive discussions on the state of the health of Indian household consumption, with economists, stock market analysts, the media, and marketers all discussing it from their particular vantage points.

4 mins

The evolution of Indian business

India has had a long tradition of recorded business—covering the bazaars, foreign trade, transformation of merchants to entrepreneurs, building of a fairly substantial modern industrial sector in the late colonial period, the role of entrepreneurial groups such as the Parsis, Gujaratis, Marwaris, Chettiars and Tamil Brahmins, creation of new business organisations and hierarchies, expansion into new industries after Independence, and mastering the licence-control raj to create major business groups such as Reliance.

3 mins

What meal data reveals about hunger

Having two meals a day doesn't guarantee improved food security in India

3 mins

Reassuring trends

Policy should adapt to changing household consumption

2 mins

Margin, valuation concerns offset Jubilant FoodWorks' growth

The stock of the country's largest quick service restaurant (QSR) player Jubilant FoodWorks has been hitting its 52-week highs recently.

2 mins

Mkt set for record inflows from small investors

Stock market is on pace to receive the biggest annual inflow ever from small investors, underscoring their continuing love affair with equities.

1 min

Ambition meets controversy in Sebi's 2024 reforms drive

In 2024, the Securities and Exchange Board of India (Sebi) implemented significant reforms, focusing on cooling down the derivatives segment, enhancing transparency and accountability in small and midsized enterprise (SME) listings, and deepening the fund management ecosystem.

3 mins

MF industry seeks lower taxes

The mutual fund (MF) industry has reiterated its demands of tax relief for debt schemes and roll-back of hike in equity taxation in its proposals for the Budget 2025.

2 mins

Mixed D-Street debuts for Senores, Ventive, and Carraro

The three stock market debutants - Senores Pharmaceuticals, Ventive Hospitality, and Carraro India - saw a mixed response from investors on Monday.

1 min

Markets Decline Amid Weak Global Trends

Rising US bond yields weigh on sentiment

1 min

Health experts pitch for duty waiver on cancer equipment

Health and education experts in a pre-Budget meeting on Monday urged Union Finance Minister Nirmala Sitharaman to address issues related to cancer care equipment, health and education spending, and increase focus on teachers' training under the National Education Policy (NEP), 2020.

1 min

India Inc seeks tax exemption for middle class, duty cut on fuel

Tax exemption for the middle class, reduction in excise duty on fuel, and continued push towards public capex were some of the key suggestions made to the finance ministry during pre-Budget discussions with industry representatives on Monday.

2 mins

India Post May Get Support For Tech Edge

The Union Budget 2025-26 may provide an additional financial package to transform India Post into a more customer-centric and digitised logistics organisation, according to a government official.

2 mins

Deadline for 'Vivad Se Vishwas' extended

The Central Board of Direct Taxes (CBDT) on Monday announced an extension of the deadline for taxpayers participating in the Vivad Se Vishwas scheme.

1 min

Fire, engg insurance premiums may rise by 60% in 2025

In 2025, Indian firms may face higher premiums for fire and engineering insurance covers as reinsurers are likely to revise rates due to rising claims from catastrophic events and higher loss ratios, according to people in the know.

1 min

ICAR, governing body member spar over appointments

Venugopal Badaravada, who is a governing-body member of the Indian Council of Agriculture Research (ICAR) and has pitted himself against the organisation on various matters, has now picked a dispute with the outfit on high-level appointments.

2 mins

Financial sector to see many new faces in 2025

The financial sector could see new faces at the helm of banks and insurance companies with over half a dozen chief executive officers (CEOs) set to hang up their boots in 2025.

1 min

ROOT OF THE MATTER

Nano urea sales fell sharply in FY24 while production capacity rose. Is it an aberration or sign of a deeper problem?

5 mins

Carlos Slim invested $1bn in 2024 to supercharge oil bets

Carlos Slim (pictured), Latin America's richest man, plowed $1 billion this year into growing his crude-oil producing and refining portfolio in a bet that demand for fossil fuels isn't going away anytime soon.

1 min

Telangana CM Seeks Nadella Help in Tech, AI Infra Boost

Telangana Chief Minister A Revanth Reddy on Monday called on Microsoft CEO Satya Nadella at his residence and sought the IT major's support to develop a strong ecosystem so that Hyderabad is recognised as a leading city in the world in the technology domain.

1 min

H-1B visa: A policy shift under Trump and Biden

Indians constituted highest share in number of visas issued during both presidencies

2 mins

Airlines Have to Share International Passenger Data with Customs from April

Airlines will have to mandatorily share details of foreign travelers with the Indian Customs authorities from April 1, 2025, and non-compliance can attract penalties.

1 min

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