CATEGORIES

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

Trump tariffs: Auto suppliers rethink production plans

Trump has vowed to impose a blanket tariff of 10% on global imports into the US and a 60% tariff on Chinese goods

Premium online video market to double by 2028: Report

INDIA'S PREMIUM ONLINE video market, valued at $1.7 billion in 2023, is projected to nearly double by 2028, solidifying its position as one of the fastest-growing over-the-top (OTT) markets globally, according to the Asia Video Industry Report 2025.

RBI governor seeks to improve forecasting

Two of the sources Reuters spoke to said the RBI would look to increase datasets required to gauge trends in income and expenditure better.

TCS profit rises 4% in Q3

Similar attempts in the past to simplify the I-T law, most notable being the Direct Taxes Code drafted in 2009 by the UPA govt

Meta's fact-checking snub in US alarms India

AS META ANNOUNCED the end of its third-party fact-check programme in the US, a move that is being seen as the company reorienting itself for the new Trump era—a palpable sense of panic has gripped fact-checkers in India.

TCS Profit Rises 4% in Q3

Among verticals, energy, resources and utilities grew by 3.4%, and consumer business gained 1.1%.

Taliban Urges India to Ease Visa Process

First High-Level Meet

Hollywood Hills burn as big blaze engulfs LA

THE HOLLYWOOD HILLS blazed uncontrollably on Thursday morning as the worst wildfires in the history of Los Angeles raged across the city and deep into the storied heartland of the American film industry.