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Setting a cat among the pigeons

THE WORLD SHOULD EXPLORE NIMBLE, COST-EFFECTIVE OPTIONS TO THE STARGATE APPROACH

$100-bn court challenge for Goldman and friends

BANKS ARE USED to fending off litigation. Goldman Sachs Group's most recent annual report includes 14 pages of fine print detailing all the proceedings it faces. But defendant has turned plaintiff.

Grade A warehousing mkt to hit 700 mn sq ft

THE LOGISTICS AND industrial real estate sector saw major growth, with Grade A warehousing in eight cities increasing from 88 million sq. ft in 2019 to 238 million sq ft in 2024 (22% CAGR).

Real Madrid Is First Club To Top $1-Bn Revenue

REAL MADRID BECAME the first soccer team to register one billion euros ($1.04 billion) in revenue in a single season in 2023-24, with the Spanish side topping the Deloitte Football Money League as the world's highest revenue-generating club once again.

IRCTC teams up with ITC, Tata Group, Harvest Gold to revamp food catering

Refurbishing Refreshments

Rupee falls 13 paise tracking Asian peers, dollar demand

THE RUPEE ENDED 13 paise down against the dollar to 86.46 on Thursday due to a decline in the most regional currencies and demand for dollars from foreign banks, said forex traders.

Special fund for MFIs...

The combined loan outstanding of the MFIs stood at around ₹1.7 lakh crore as on March 31, 2024. And 60% of this amount has been lent by large MFIs

Cloud, GCCs key digital economy drivers: MeitY report

THE CLOUD MARKET and global capability centres (GCCs) are among the fast-growing segments of India's digital economy which is expected to drive a fifth of national GDP by 2030, a report by MeitY has said.

OpenAI to Indian court: Can't delete ChatGPT training data

'BREACH OF US LEGAL OBLIGATIONS'

Amazon Web to invest $8.3 billion

Amazon Web Services (AWS) will invest $8.3 billion in cloud infrastructure in Maharashtra by 2030, creating a pivotal moment for the state's digital economy.

After NSA, foreign secretary to visit China on January 26-27

MOVING TO RESUME bilateral engagements after the disengagement at the India-China border, foreign secretary Vikram Misri will travel to Beijing on January 26-27 for a meeting of the \"foreign secretary-vice minister mechanism between India and China\".

LNG imports to fall in 2025 as demand moderates: IEA

INDIA'S IMPORT OF LNG (liquified natural gas) is expected to decline in 2025 on the back of moderating demand and continued competition for LNG cargoes internationally, as per the International Energy Agency.

Zee Q3 profit jumps 180%; revenue falls

ZEE ENTERTAINMENT ON Thursday reported a 179.7% year-on-year rise in its consolidated net profit at ₹163.6 crore for the third quarter of the financial year 2024-25 (Q3FY25).

New probe ordered into Foxconn hiring

NHRC FAULTS LABOUR OFFICIALS FOR LAX INQUIRY

Deposits lag credit growth in fortnight to January 10

BANKS' DEPOSITS LAGGED credit growth for the fortnight ended January 10, according to the latest data released by the Reserve Bank of India.

Gaza ceasefire puts Netanyahu in tough spot

EVEN BEFORE IT WAS signed, the Gaza ceasefire forced Israeli Prime Minister Benjamin Netanyahu into a tight spot - between a new US president promising peace and far-right allies who want war to resume.

Time for India to break out of AI slumber

The US-led restrictions on AI technology access should serve India a wake-up call to prioritize the technology as a national security imperative

In hiding, Awami League leaders connect with Hasina

Their bank accounts frozen, many relatives arrested

HPCL Consolidated Profit in Q3 Surges 257% to ₹2,544 cr

Hindustan Petroleum Corp Ltd on Thursday reported a surge of 256.8% year-on-year in its consolidated net profit for the December quarter of FY25 at ₹2,543.65 crore from ₹712.84 crore in the year-ago period.

HUL to give beauty business a glow-up with new strategy

THE COUNTRY'S LARGEST consumer goods company, Hindustan Unilever (HUL), has put in place a four-pronged strategy to grow its beauty and wellbeing business, created in April last year.

Maruti Suzuki cars to cost more from Feb 1

MARUTI SUZUKI INDIA on Thursday said it will hike prices by up to ₹32,500 across various models from February 1 to partially offset the rise in input costs.

Call Grows for Action on AI, Reforms

LEADERS FROM VARIOUS countries called for action on artificial intelligence and reforms at the WEF meeting.

Emilia Perez Leads Oscars Race With 13 Nominations

NETFLIX'S SPANISH-LANGUAGE musical Emilia Perez topped the list of movies nominated on Thursday for Academy Awards, followed by The Brutalist and Wicked.

57% Taxpayers Seek I-T Rate Cuts

Around 57% of the taxpayers in a recent survey want lower tax rates and higher exemptions in the coming Budget.

On new Isro chief's table: 100th launch

PRIVATELY-BUILT PSLV ROCKET ALSO ON RADAR

HDFC Bank expects improved CASA ratio with easing in rates

HDFC BANK EXPECTS its current account savings account (CASA) ratio to improve as interest rates are likely to soften, Sashidhar Jagdishan, managing director and CEO, said in an analyst call on Thursday.

It's raining handouts

Political parties must avoid reducing elections to one-upmanship on freebies

Oil buyers pull all levers to replace Russian imports

OIL REFINERS ARE reaching for all available options in the rush to make up for Russian flows hit by Washington's latest round of sanctions, turning to the spot market while simultaneously seeking more long-term supplies from West Asian producers.

Kotak Bank Acquires StanChart's ₹3,330-Cr Personal Loan Portfolio

KOTAK MAHINDRA BANK on Thursday said it has completed the acquisition of the ₹3,300-crore personal loan book of Standard Chartered Bank India following regulatory approvals.

Infra.Market raises $126 mn

CONSTRUCTION MATERIALS SOLUTIONS firm Infra.Market has successfully raised approximately $120 million (₹1,050 crore) in its pre-IPO funding round, according to sources aware of the matter.