CATEGORIES

RSSL Acquires 51% Stake in Vyzag Bio

Refex Renewables & Infrastructure on Monday said its arm Refex Sustainability Solutions Ltd (RSSL) has completed acquisition of 51 per cent stake in Vyzag Bio-Energy Fuel.

SpiceJet Holds AGM

SpiceJet shareholders on Monday sought to know about the airline's funding and expansion plans during the annual general meeting.

US Credit Card Defaults Jump to Highest Level Since 2010

Defaults on US credit card loans have hit the highest level since the wake of the 2008 financial crisis, in a sign that lower-income consumers' financial health is waning after years of high inflation, Financial Times reported.

Adani to sell stake in food venture Adani Wilmar, raise over $2 bn

Billionaire Gautam Adani's group on Monday announced its exit from FMCG joint venture Adani Wilmar by selling its entire stake to the Singaporean partner and in the open market for over USD 2 billion in a first major deal since the US bribery indictment.

Govt's bank guarantee waiver for telcos to boost 4G, 5G networks: Vi

The government's decision to waive bank guarantees for the telecom industry has come as a major relief and will help to boost 4G and 5G investments in India, according to telecom major Vodafone Idea.

Chatterjee Retires as SBI DMD, Joins J&K Bank

Focus will be on making more effective use of technology to improve operations, he said

2025 Poised to Revolutionise the Retail Industry

With the rapid evolution of channels like quick-commerce and the emergence of ONDC, the Indian retail industry is 'cautiously optimistic' for 2025, in which new-age technologies such as AI and automation will play a crucial role, driving efficiency and personalisation.

Labour reforms, social security for informal workers, transformative policies on cards in 2025

Speedy implementation of labour codes, providing social security to informal workers, especially gig and platform, and bringing transformative policies would be the government's priority in 2025 to empower all and boost the economy.

Bill to Make ₹650 Cr in Final Tranche of Investment on M&M's EV Arm

Automaker Mahindra & Mahindra Ltd on Monday said British International Investment Plc will make a final tranche investment of Rs 650 crore, as against earlier planned investment of Rs 725 crore, in its electric vehicles arm.

RIL Seeks Premium for Oil from KG Block

Reliance Industries Ltd is seeking a premium of at least USD 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.

BPCL Buys Middle East Crude Oil to Replace Russian Shortfall

State-run Indian refiner Bharat Petroleum Corp is buying Middle Eastern crude to make up for less supply of cheaper Russian oil, its head of finance Vetsa Ramakrishna Gupta said in a recent interview, Reuters reported.

Govt says ₹17,581 cr invested under PLI scheme for specialty steel till Oct

Participating companies have committed to an investment of Rs 27,106 crore

UFlex Investing Nearly $200 Million in Egypt on Capacity Expansion

Flexible packaging and solutions firm UFlex is investing around USD 200 million (over Rs 1,710 crore) in Egypt on two projects as part of its backward integration strategy, in a bid to serve markets in neighborhood countries and Europe, besides catering to domestic requirements, according to a senior company official.

Economy exhibiting resilience, GDP to grow at 6.6% in FY25

RBI REPORT

Vivad Se Vishwas Scheme gets 1-mth extension

The government has extended by a month the due date to resolve pending appeals in the case of income tax disputes under the Vivad Se Vishwas Scheme.

Gilts Up In Thin Trade On Investors' Buys Towards Close

India's government bond prices ended higher in thin trade due to scattered buying towards the end of the trade by state-owned and private banks, likely for their asset-liability management.

Rupee Falls 4 Paise to Close at 85.52 per US Dollar

The rupee dropped 4 paise to 85.52 (provisional) against the US dollar in early trade on Monday, as dollar demand from importers, foreign fund outflows and a muted trend in domestic equities dented investor sentiments.

Sebi to Auction 23 Properties of 9 Cos in Feb

Sebi on Monday said it has scheduled an auction of 23 properties belonging to nine firms, such as Tower Infotech and Vibgyor Group of Companies in February, aimed to recoup funds illicitly collected from investors.

Bull Run in Gold Will Continue in 2025

The gold market remained upbeat throughout the year 2024, accumulating handsome gains for the yellow metal investors, and it is expected that the precious metal will shine going into the New Year.

Govt Starts Countervailing Duty Probe On Vietnamese Chemical

India has initiated a countervailing duty probe into increased imports of a chemical \" Calcium Carbonate Filler Masterbatch \" used in the plastic industry, from Vietnam.

India's mfg sector's contribution to GVA will surge to 21% by 2032 from 14% now

The manufacturing sector in the country is poised for significant growth, with its contribution to the Gross Value Added (GVA) expected to rise from the current 14 per cent (USD 459 billion) to 21 per cent (USD 1,557 billion) by 2032.

I-T dept not looking at Digi Yatra data to crack down on tax evaders

The civil aviation ministry on Monday said data of passengers who use Digi Yatra are not shared with the Indian tax authorities.

Sensex drops by 451 points, Nifty ends below 23,650

Benchmark Sensex declined by nearly 451 points on Monday due to selling in heavyweight stocks HDFC Bank, ICICI Bank and Reliance Industries, weak global trends and unabated foreign fund outflows.

Silent Firing on the Rise With Rapid Technological Advancement: Report

Evolving Landscape

Budget 2025: India Inc seeks cut in personal income tax rates, flags dumping by China

Representatives from industry bodies sought reduction in personal income tax rates to ensure higher disposable income in the hands of the middle class, reduction in excise duty on fuel, and measures to provide impetus to employment-intensive sectors in their customary pre-Budget meeting with the Finance Minister on Monday.

Prospects of economy expected to improve in 2025: RBI Guv

Optimistic Approach | Consumer, biz confidence remains high

Crackdown on Illegal Sand Mining Gets ₹52 L in Revenue

The Mahasamund district's Mineral Department has taken stringent action against illegal sand excavation, transportation, and storage during the 2024-25 fiscal year.

Chhattisgarh Senior Fencing Team Departs

The senior men's and women's fencing teams from Chhattisgarh have departed to participate in the 35th Senior National Fencing Championship, which will be held from December 31, 2024, to January 3, 2025, at the Mundayal Indoor Stadium in Kannur, Kerala.

Chhattisgarh to Open Central India's First Pharmaceutical Park

RAIPUR

Mekahara Conducts Open-Heart Surgery

A team of doctors at Dr. Bhimrao Ambedkar Memorial Hospital, (Mekahara) Chhattisgarh's largest government hospital, successfully performed a life-saving open-heart surgery on a 50-year-old woman under the Shaheed Veer Narayan Singh Ayushman Health Scheme.