CATEGORIES

Re breaches 85 mark

● Barclays strategist sees it falling further to 87 by next year end

Silver lining for Dr Reddy's

● Share prices jump over 4% on upgrade by Nomura FE BUREAU New Delhi, December 19

Currencies tumble, few attempt rebound

THE DOLLAR SLIPPED on Thursday, a day after surging to a two-year peak after the Federal Reserve rocked markets by signaling a much slower pace of rate cuts in 2025, while the yen slid after the Bank of Japan (BOJ) stood pat on rates.

Micromax partners Taiwan firm

HOMEGROWN CONSUMER ELECTRONICS company Micromax has entered into a joint venture with Taiwan-based Phison to design and manufacture storage chips or solid-state drives (SSDs) in the country.

AI orders 34 trainer aircraft

AIR INDIA HAS placed an order for 34 trainer aircraft for its upcoming Flying Training Organisation (FTO) in Amravati, Maharashtra.

Auto Expo: Missing brands to return

INDIA'S PREMIER AUTOMOTIVE event, the Bharat Mobility Global Expo, will begin on January 17 with a record-breaking lineup of brands, including several returning participants.

Zetwerk's GMV rises 35% to ₹17,564 cr

CONTRACT MANUFACTURING STARTUP Zetwerk on Thursday said it has achieved a gross merchandise value (GMV) of ₹17,564 crore in FY24, reflecting a 35% growth from the ₹13,050 crore GMV recorded in the previous fiscal.

Kia unveils Syros, aims to raise market share to 20%

KIA INDIA ON Thursday introduced the Syros, a new sub-4-metre SUV, which the company expects will increase its market share in the compact SUV segment from 15% to 20%.

Accenture lifts FY25 growth forecast; Q1 revenue up 8%

• Wipro, Infosys ADRs trade up

JSW Infra outlines ₹30K-cr capex plan

● Leveraging Navkaro acquisition, says company

Nestle: Swiss withdrawal of MFN status to not affect ops

NESTLE INDIA HAS clarified that the suspension of the most favoured nation (MFN) clause granted to India by Switzerland will not affect its operations.

IPO-bound Rebel Foods raises funds from KKR

IPO-BOUND CLOUD kitchen firm Rebel Foods said on Thursday that global investment firm KKR has acquired a stake in the kitchen operator. The deal, which is part of an extended Series G funding round, sees $60-70 million come in at a flat valuation of $1.4 billion, according to sources.

MTNL to get BSNL support for assets

● Services in Delhi & Mumbai to be managed by BSNL

CCI conducts raids on liquor majors AB InBev, Pernod

THE COMPETITION COMMISSION of India (CCI) has raided some offices of alcohol giants Pernod Ricard and Anheuser-Busch InBev as it investigates accusations of price collusion with retailers in Telangana, sources familiar with the matter said.

Push for local solar cells may raise project costs

THE GOVERNMENT’S DECISION to include solar cells in the Approved Lists of Models and Manufacturers — though will be implemented from June 1, 2026 — may in the short term inflate delivered costs of domestic modules, drive up the capital cost of projects, and affect timelines, analysts say.

First big trade data review since 2011 likely

IT COULD BE a throwback to 2011 for the commerce ministry as it is having a relook at gold import data for November.

DoT asked to diversify revenue streams

The Standing Committee on communications and information technology has asked the Department of Telecommunications (DoT) to diversify its revenue streams from the telecom sector to increase the government's revenue without burdening the industry excessively.

Road assets in InvITs to soar 70% in FY26

ASSETS UNDER MANAGEMENT (AUM) of infrastructure investment trusts (InvITs) in the road sector are poised to surge to ₹3.2 lakh crore by the end of 2025-26 from ₹1.9 lakh crore in September this year, according to a report by Crisil Ratings.

No sugar exports for now: Official

● Industry urges govt to allow 2 MT of shipments

UK PM hosts Indian business leaders to boost investments

UK PRIME MINISTER Keir Starmer hosted a delegation of 13 Indian companies at 10 Downing Street in London, with the British government describing it as a \"curated visit\" to enhance bilateral partnership and boost investments.

Niti suggests dormitory beds for factory workers at ₹2,000 a month

WITH INDIA REQUIRING 25 million beds for industrial workers in the next decade, a Niti Aayog report on Thursday suggested lower property tax, power and water tariffs to provide dormitory beds at an affordable cost of ₹2,000/month under the public-private partnership (PPP) model near factory sites.

Health insurance cover for OPD expenses to rise, says official

MORE HEALTH INSURANCE companies would start offering insurance cover on outpatient department (OPD) expenses, said Kiran Gopal Vaska, joint secretary and mission director (Ayushman Bharat Digital Mission) at the National Health Authority (NHA).

'EV market to touch ₹20L cr by 2030'

Has potential to create 50 million jobs, says Nitin Gadkari

Adani did not remit savings from India tax break it got: Bangla govt

BANGLADESH'S INTERIM GOVERNMENT has accused Adani Power of breaching a multi-billion-dollar energy supply agreement by withholding tax benefits that a power plant central to the deal received from New Delhi, according to documents seen by Reuters.

Curb subsidies to build critical infrastructure, RBI tells states

● Says too many central schemes undermine cooperative federalalism

Highway infra trust to raise ₹15,000 cr; halts bond sale plan

The National Highways Infrastructure Trust (NHIT), promoted by the National Highways Authority of India (NHAI), will raise around ₹15,000 crore through a mix of debt and equity for acquisition of the next round of assets in the next two months, a senior official said.

2W sales skid sharp 19% in Dec

US PRESIDENT-ELECT DONALD Trump has said that India charges \"a lot\" of tariffs, reiterating his intention to impose reciprocal tariffs in retaliation for what New Delhi will impose on the import of certain American products.

H-1B overhaul a boon for Indian techies

THE US GOVERNMENT on Tuesday announced major reforms in its popular H-1B visa programme, a move that is expected to help thousands of Indian tech professionals.

Sebi tightens SME listing regulations

● Performance validation agency PaRRVA set up

Trump threatens to impose reciprocal tariffs on India

US PRESIDENT-ELECT DONALD Trump has said that India charges \"a lot\" of tariffs, reiterating his intention to impose reciprocal tariffs in retaliation for what New Delhi will impose on the import of certain American products.