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Challenges mount for ARCs as retail bad loans swell

ASSET RECONSTRUCTION COMPANIES (ARCs) are facing new challenges with the rise of retail non-performing assets (NPAs). While ARCs have a proven track record in resolving corporate NPAs, they are finding it increasingly challenging to handle retail bad loans.

Debt MFs may get tax relief...

Debt mutual funds (MFs) in India may receive tax relief as the government considers amending the Finance Act to restore indexation benefits for long-term capital gains, addressing concerns raised by the Association of Mutual Funds in India (Amfi).

Austria heads towards coalition talks by far right after centrists fail

Austria headed on Sunday towards coalition talks led by the far-right Freedom Party (FPO) after efforts to form a government without the party fell apart and prompted Chancellor Karl Nehammer to resign.

Ketan Parekh...

HIS LOW PROFILE in the first few years was completely in contrast with Mehta's lifestyle.

Former Greek PM Simitis dies at 88

FORMER GREEK PRIME Minister Costas Simitis, who ushered the country into the European Union's single currency in 2001, died on Sunday aged 88 at his summer house in the Peloponnese.

UK's Farage should quit as Reform chief: Musk

ELON MUSK SAID Nigel Farage should quit as leader of Britain's right-wing Reform UK party in an abrupt withdrawal of support by the US billionaire for the Brexit campaigner who is trying to shake up the British political establishment again.

Debt MFs May Get Tax Relief...

Tax Tales

Specialty steel PLI window reopens today

THE PLI SCHEME has attracted investment commitments of ₹27,106 crore, direct employment of 14,760 and estimated production of 7.90 million tonne of specialty steel. As of November 2024, companies have already invested ₹18,300 crore and generated over 8,660 employments.

Bangladesh Cancels Planned Training of Judges in India, Scraps Notification

BANGLADESH'S INTERIM GOVERNMENT on Sunday cancelled a planned training programme for 50 judges and judicial officers in India, scrapping a previous notification.

Startups Turn to Revenue-Based Financing

Among notable beneficiaries are brands like Smoor Chocolates, Imperio Restaurants, and IDC Kitchen, which have utilized RBF for initiatives such as launching new restaurants or cloud kitchens.

Foxconn Sales Beat View on AI Demand

TAIWAN'S FOXCONN, THE world's largest contract electronics maker, beat expectations to post its highest-ever revenue for the fourth quarter on continued strong demand for artificial intelligence (AI) servers.

Korean court rejects Yoon appeal on warrant: Report

A SOUTH KOREAN court dismissed an appeal by lawyers of Yoon Suk Yeol against an arrest warrant for the impeached president, Yonhap reported on Sunday.

Wilmar to emulate ITC post its exit from Adani

ADANI WILMAR (AWL), the country's largest edible oil company, is adopting a strategy similar to ITC's by leveraging its core business and extensive distribution network to drive growth in its high-margin FMCG portfolio after the Adani group exit, according to sources.

Subscription models gaining traction in ride-hailing sector

SUBSCRIPTION-BASED MODELS are gaining popularity in the online ride-hailing sector, with major players like Ola, Uber and Rapido reconfiguring strategies to stay competitive.

Tighter anti-spam norms in a month

TIGHTER REGULATIONS ON curbing spam as well as new consultation examining an authorisation framework for telemarketers are expected in coming weeks, said Trai chairman Anil Kumar Lahoti.

Renee looks to end this fiscal with up to ₹400-cr topline

IN THE CROWDED market of beauty and colour cosmetics brands, direct-to-consumer startup Renee Cosmetics is expecting to double its revenue to ₹350-400 crore by the end of this fiscal.

Compact EV, New Duster Key to Renault's India Comeback

French carmaker's first EV in the country to be affordable

Vi unlikely to have aggressive 5G pricing strategy

WITH VODAFONE IDEA (Vi) getting ready to launch its commercial 5G services in March, almost two-and-a-half years after Reliance Jio and Bharti Airtel, all eyes will be on its pricing strategy.

Six years after quota for women at IITs, changes are quite visible

IIT-KANPUR RECORDS A 133% JUMP IN NUMBER OF WOMEN

Four Maoists, jawan killed in first Bastar encounter this year

FOUR MAOISTS WERE gunned down on Saturday afternoon in the first encounter this year between Naxals and security forces in Chhattisgarh's Bastar region. In a subsequent gunfight in the evening, a District Reserve Guard (DRG) jawan was killed.

3 Killed as Coast Guard Chopper Crashes at Porbandar Airport

A Coast Guard chopper crashed at Porbandar airport in Gujarat on Sunday as it was landing after a routine training sortie, killing two pilots and a diver who were on board.

H1uman rolled out for complex workflows

ARTIFICIAL INTELLIGENCE (AI) solutions provider Inspira Enterprise and AI platform developer Humans.ai have teamed up to unveil their latest offering for businesses: H1uman, an AI robot.

Bangladesh crisis offers new opportunities for Indian textile clusters

AMID THE ONGOING economic and political tensions in Bangladesh, Indian exporting firms, particularly in the Tirupur clusters, are receiving higher enquiries from several global apparel brands, including Primark, Tesco, Decathlon, Duns, JCPenney, GAP, Next, and Walmart, with order conversion expected for shipment by early 2025, Mithileshwar Thakur, Secretary General of the Apparel Export Promotion Council (AEPC) said.

Delhi: Dense fog disrupts flight and train services

FIFTY-ONE TRAINS WERE delayed and several flights rescheduled as dense fog enveloped the national capital on Sunday morning, reducing visibility to zero, officials said.

PLI Schemes Aid Import Substitution: MSMEs, Too, Among Gainers

PRODUCTION-LINKED INCENTIVE (PLI) schemes have generated investments to the tune of ₹1.46 lakh crore so far, with large-scale electronics manufacturing, pharmaceuticals, food processing and telecom & networking products, being the top gainers.

FDI in India growing rapidly, says Goyal

FDI INFLOWS INTO the country are surging, with investors from the West Asia, Japan, European Union, and the US recognising India's status as a top investment destination, driving rapid economic growth and generating millions of new jobs, commerce and industry minister Piyush Goyal has said.

CII wish list: Budget should lay emphasis on employment creation

TO BOOST PRODUCTIVITY and foster inclusive growth, the Confederation of Indian Industry (CII) has recommended that the government prioritise employment generation as a central theme in the Union Budget for FY26.

Direct benefit transfers top ₹4 lakh crore so far this fiscal

Headroom To Improve Spending Quality

Agri credit scales new high, to cross ₹28 lakh cr in FY25

● Seen up 10%; formalisation of rural credit aids process

OMCs May See Muted Refining Margins in FY26

Slippery Path