CATEGORIES

Apparel retail may expect recovery in H2

THE APPAREL RETAIL sector in India is likely to show signs of recovery in the second half of FY25 due to improved consumer finances and a higher number of wedding days, India Ratings and Research (Ind-Ra) said on Wednesday.

Elon Musk won't save TikTok

THE IDEA OF Elon Musk as a potential buyer for TikTok may seem like the craziest development yet in the saga of the US government's determination to ban the app.

Indices gain for second day amid firm global cues

THE BENCHMARK INDICES inched higher on Wednesday, led by energy and information technology stocks, although worries over slowing earnings and caution ahead of key US inflation data capped gains.

Atishi 'running around like a hirni': Bidhuri

RAMESH BIDHURI, the BJP candidate in Kalkaji for the upcoming Delhi Assembly polls, stirred up controversy again on Wednesday with a comment about his contender and Delhi CM Atishi.

ShareChat to trim workforce by 5%

SHARECHAT, A SHORT video platform owned by Bengaluru-based Mohalla Tech, is planning to trim its workforce by 5% later this month following its annual performance review.

PM Wani revival: Trai calls for cap on high internet costs by telcos

The Telecom Regulatory Authority of India (Trai) on Wednesday proposed that the broadband tariff charged by telcos to public data offices (PDO) under the PM-Wani scheme shall not exceed twice the tariff applicable for retail broadband FTTH (fiber-to-the-home) services for the corresponding capacity.

No near-term impact seen on India of US AI chip restrictions

CURBS TO BE EFFECTIVE IN 3 MTHS

'Tackle local issues with local insights'

Advances in AI have surged over the past two years. But amid the hype lies a crucial question: how can businesses use AI systems to sift through large datasets and optimise energy usage, reducing waste as a result?

Meta apologises for CEO's remark on India elections

META INDIA ON Wednesday apologised for CEO Mark Zuckerberg's recent remarks that the incumbent government lost power in the 2024 elections.

Trade deficit at $21.9 bn; exports fall 1% in Dec

THE TRADE DEFICIT in December 2023 was $18.1 billion.

Let the rupee fall

What's important is the relative value of the currency vis-à-vis peer currencies and not its absolute value

Goldman Sachs profit soars on trading boost

GOLDMAN SACHS POSTED its biggest profit since the third quarter of 2021 to beat Wall Street expectations, driven by bankers who brought in more fees from dealmaking, debt sales and strength in trading.

AI to power 40% of utility control rooms, says Gartner

By 2027, 40% of control rooms in the power and utilities sector will deploy AI-driven operators, according to Gartner.

Indigenous 'bullet train' projects may run into financing hurdles

While the work on an indigenous prototype of high-speed rolling stock has boosted hopes of \"Indian bullet trains\" hitting the tracks over the next few years, the proposed seven high-speed rail projects could face serious financing hurdles, officials said.

Fivefold growth in green investments likely: Crisil

INDIA IS EXPECTED to see a fivefold growth in the investments to the green energy sector to ₹31 lakh crore between 2025 and 2030, according to Crisil.

Jio Finance in talks with lenders for maiden debt sale

JIO FINANCE, A shadow lender owned by Asia's richest businessman Mukesh Ambani, is in talks with several lenders to make its first foray into the local currency debt market, according to people familiar with the matter.

All Universities To Have Career Counselling Units: Minister

UNION LABOUR MINISTER Mansukh Mandaviya said on Wednesday that career counselling centres would be set up in every university across the country under public-private partnership to boost employment and productivity.

Niti to evaluate Ujjwala Yojana & targeted subsidy

NINE YEARS AFTER the Pradhan Mantri Ujjwala Yojana (PMUY) was launched to provide affordable and clean cooking fuel to poor families, the Niti Aayog will conduct an evaluation of the scheme and targeted subsidy to PMUY beneficiaries on aspects such as scope for further improvement, equity and relevance.

Aditya Birla Fashion to raise ₹4,300 cr via pref issue, QIP

ADITYA BIRLA FASHION and Retail (ABFRL) on Wednesday said its board had approved raising $500 million (₹4,300 crore) through a preferential issue and qualified institutional placement (QIP) of equity shares.

Hero to rev up brand strategy

PUSHES FOR REDUCTION IN GST ON 125-CC BIKES TO 18%

NPAs of SFBs to rise in FY25: Icra

RATING AGENCY ICRA on Wednesday said small finance banks (SFBs) will see an uptick in delinquencies in FY25, and the asset growth will slow down to 18-20%.

Shoppers Stop looks at around 15 store additions in FY26

DEPARTMENT STORE CHAIN Shoppers Stop on Wednesday said that it was at the end of its store closure cycle that had been initiated over the last few months to improve profitability.

Sundaram Alternates raises ₹1,000 cr for realty fund

SUNDARAM ALTERNATES, PART of Sundaram Finance, said it has made the first close of ₹1,000 crore for its real estate fund.

HDFC Life Q3 profit climbs 15%

HDFC LIFE INSURANCE on Wednesday reported a 15% year-on-year rise in its standalone net profit for the third quarter at ₹414.94 crore.

Next round of India-UK FTA talks to start in Feb

BOTH SIDES FINALISING DATES, SAYS OFFICIAL

Pant set to play Delhi's next Ranji tie

ON THE DAY wicketkeeper batsman Rishabh Pant confirmed his availability for Delhi's next Ranji Trophy game against Saurashtra in Rajkot, there was no clarity about India's premier batsman, Virat Kohli.

Pant set to play Delhi's next Ranji tie

ON THE DAY wicketkeeper batsman Rishabh Pant confirmed his availability for Delhi's next Ranji Trophy game against Saurashtra in Rajkot, there was no clarity about India's premier batsman, Virat Kohli.

Los Angeles firefighters on alert for return of extreme winds

• 12,000 structures destroyed; new fire erupts in Oxnard

Tata Group Partners IISc for Medical School, to Contribute ₹500 Crore

TATA GROUP on Tuesday said it has partnered with the Indian Institute of Science (IISc) to establish Tata IISc Medical School at the institute's Bengaluru campus and will make a contribution of ₹500 crore for support.

Average pay hike pegged at 9.4% in 2025: Report

TALENT DEMAND VIBRANT