CATEGORIES

Apollo weighs $9.5-bn stake in Seven & i buyout

APOLLO GLOBAL MANAGEMENT is considering taking a substantial stake in a bid by Seven & i's founding Ito family to take the Japanese convenience store operator private, people familiar with the matter said.

Hush money case: Trump avoids jail and punishment

US PRESIDENT-ELECT Donald Trump will not go to jail or face any other punishment for his criminal conviction stemming from hush money paid to a porn star, a judge ruled on Friday but said Trump's Jan. 20 inauguration would not erase the jury verdict.

Rupee ends at 85.97 after breaching 86-mark for first time

THE RUPEE DECLINED 11 paise to close at 85.97 against the US dollar on Friday as it failed to resist pressure from a stronger American currency amid huge outflow of foreign funds.

Fx reserves at 10-month low as rupee pressure mounts

FOREIGN EXCHANGE RESERVES fell for the fifth consecutive week to a 10-month low of $634.59 billion as of January 3, data from the Reserve Bank of India showed on Friday.

NaBFID Plans Record ₹40K-Cr Fundraising

STATE-OWNED NATIONAL BANK for Financing Infrastructure & Development (NaBFID) is targeting its largest-ever fundraising for the January-March period to back the nation's ambitious growth push.

Liquidity woes prompt RBI to hold largest VRR auction in a year

Banks Seek OMOs, Further Cut In CRR

Capital fundraising to rise 21% this fiscal: Sebi chief

● Regulator will soon launch SIPs with a minimum amount of ₹250

SBI Chairman for Tracking of Funds Raised by Small Biz

STATE BANK OF India chairman CS Setty on Friday pitched for the creation of a market infrastructure institution to track the end-use of funds borrowed or raised as equity by small businesses.

AI-powered healthcare firm Innovaccer raises $275 mn

SAN FRANCISCO AND NOIDA-HEADQUARTERED artificial intelligence-powered healthcare platform Innovaccer has raised $275 million in a Series F funding round, marking its first capital infusion since 2021.

Vi exits Indus with ₹2.8K-cr stake sale

Dues Lowered

Byju's staff files ₹177-cr claims

In the ongoing corporate insolvency resolution process of Byju's, employee claims filed as operational creditors have reached ₹177.5 crore, with approximately ₹32.56 crore being provisionally admitted by the resolution professional (RP), according to a document reviewed by FE.

Growth trajectory set to return for Reliance Retail in Dec quarter

● Consolidation period over, say analysts

SpiceJet Set To Bring 10 Planes Back To Service Amid Dip In Operations

● The return of these planes will boost the carrier's fleet to 38 aircraft

Adani raises ₹4,850 cr from sale of 13.5% stake in Wilmar

ADANI GROUP ON Friday raised ₹4,850 crore from the sale of 13.5% of its stake in Fortune oil maker Adani Wilmar as part of a strategy to exit non-core activities to focus on main infrastructure business.

Appliances association prez seeks smartphone PLI 2.0

AS THE SMARTPHONE production-linked incentive (PLI) scheme emerges as one of India's most successful policies, the industry is advocating for another round of the scheme to achieve greater scale and sustain its momentum.

Infy counter-sues Cognizant

● Alleges data misuse and anti-competitive conduct by US firm

Bistro app not to use Zomato data, says Blinkit's Dhindsa

BLINKIT'S QUICK FOOD delivery app Bistro will operate independently and it will not use any data from its Gurugram-based parent Zomato's food delivery and dining-out operations, Blinkit CEO Albinder Dhindsa clarified on Friday.

Luxury car segment ended 2024 on a muted note despite robust demand

INDIA'S LUXURY CAR market, represented by five major automotive brands, saw paltry growth in 2024 as supply chain issues impaired the upturn despite robust demand.

India to Join Key Session on AI, FDI at WEF 2025

INDIA WILL PARTICIPATE in a session on artificial intelligence (AI) and foreign direct investment (FDI) at the World Economic Forum (WEF) annual meeting in Davos, the commerce and industry ministry said on Friday.

In a first, selection process for next CEC casts wider net

EARLIER, MOST SENIOR EC WAS DEFAULT CHOICE TO SUCCEED CEC

Private Insurers Show 239% Jump in Motor Commission Payouts

DESPITE CONCERNS RAISED by the Insurance Regulatory and Development Authority of India (Irdai), private sector general insurers reported a 239% jump in commission expenses in the motor insurance segment in the fiscal year ended March 2024.

Experts pick holes in govt claim of sharper employment growth

Say picture is grim with 'distress employment' and 'rising' farm-sector jobs; KLEMS not a robust data source

Govt seeks to turn startup focus to manufacturing

Capital Concern

IGX expects to receive nod for long-duration contracts soon

The Indian Gas Exchange (IGX) is planning to launch long-duration contracts of 3-6 months on its platform and is expecting the petroleum ministry's nod soon, its managing director and chief executive officer Rajesh Mediratta said on Friday.

Dec tax devolution to states at ₹1.73 lakh cr

TO ACCELERATE SPENDING by states amid a moderation in the public capital expenditure, the Centre on Friday released ₹1.73 lakh crore in tax devolution to states for January as against the monthly devolution of ₹89,086 crore for December.

Factory production grows at six-month high of 5.2% in Nov

INDIA'S INDUSTRIAL OUTPUT in November expanded at 5.2%, the highest pace in six months, on the back of a sharp uptick in manufacturing, according to data released by the government on Friday.

Climate-resilient farming likely to get funding boost

Run-Up To The Budget 2025-26

New Classification May Ease Approval for Medical Devices

The Central Drugs Standard Control Organisation's draft rules for reclassification of medical devices based on their risk profile has received wide support from the industry, as it will allow centralised and faster approval of high-risk equipment.

Sebi in favour of doubling floor for FPI disclosures

IN A MOVE that will bring relief to foreign portfolio investors (FPIs), the Securities and Exchange Board of India (Sebi) has proposed a doubling of the additional disclosure threshold for FPIs with an exposure of ₹25,000 crore.

Chants meet chatbots at this year's Maha Kumbh

FROM INFORMATION TO SECURITY, AI TO BE MAJOR MOVER AT THE MEGA EVENT