CATEGORIES

Tesla poised for $1-bn windfall from EU emissions curbs

TESLA COULD COLLECT more than €1 billion ($1 billion) in compensation from rival automakers that need help meeting tougher pollution standards in the European Union this year, UBS Group analysts said.

Trump Mulls National Economic Emergency Call to Support Tariffs

PREZ-ELECT HAS VOWED TO IMPOSE 10% TARIFFS ON GLOBAL IMPORTS

Samsung Profit Outlook Falls Short of Estimate

SAMSUNG ELECTRONICS' PRELIMINARY fourth-quarter operating profit missed estimates by a large margin, with the South Korean tech giant hit hard by extra costs as it works towards providing high-end chips to Nvidia.

AI startup Anthropic to raise at $60 bn value

OPENAI RIVAL ANTHROPIC is in advanced talks to raise $2 billion in a funding round that would value the startup at $60 billion, according to two people familiar with the matter.

RBI Lifts Restrictions on Asirvad, DMI Finance

The Reserve Bank of India on Wednesday lifted supervisory restrictions on Asirvad Micro Finance and DMI Finance.

NBFC fundraising through ECB route hits 5-year high

FALLOUT OF RBI STRICTURES

Govt Mulls Lifting Ban on Trade in Some Crop Futures

The government is considering revoking a three-year ban on futures trading in seven agricultural commodities, including wheat and unprocessed rice, after studies found the steps were counterproductive, according to a person with knowledge of the matter.

Microfinance portfolio shrinks

THE MICROFINANCE PORTFOLIO declined 4.3% to ₹4.14 lakh crore in the September quarter as microlenders turned cautious amid concerns over the deteriorating asset quality, according to a report released by credit information company Crif High Mark.

Indices Stage Smart Recovery, Defy Slowdown Concerns

The benchmark indices staged a smart recovery in the second half of the trading session on Wednesday, but ended the day with marginal losses.

Rupee Slumps 14 Paise on Rise in Crude Oil Prices, Strong Dollar

The rupee fell 14 paise, or 0.2%, to an all-time closing low of 85.86 on Wednesday as the dollar further strengthened on account of positive economic data from the US, said forex traders.

Ola Electric Gets Sebi Warning Over Disclosure Lapses

MARKETS REGULATOR SEBI has issued an administrative warning letter to Ola Electric Mobility over violations of disclosure norms.

JSW's Mozambique deal on hold

A Long Battle Ahead

M&M Unveils Advanced Hub for EV Production

MAHINDRA HAS LAUNCHED a cutting-edge electric vehicle (EV) manufacturing and battery assembly facility at its Chakan hub, dedicated to electric-origin SUVs.

New entrants, QSRs fuel 10-min food delivery biz

From Niche To Universal

SC order on land row drags Aditya Birla realty shares

THE SHARES OF Aditya Birla Real Estate (formerly known as Century Textiles and Industries) fell 4.57% on Wednesday after the Supreme Court overturned a 2022 ruling by the Bombay High Court, which had favoured the company in a land dispute with the Municipal Corporation of Greater Mumbai (MCGM).

E-comm, q-comm major driver of demand in the country

Welspun One, the logistics and industrial property arm of Welspun Group, recently said it plans to raise ₹5,000 crore to fund its expansion.

Infinity Fincorp loan book tops ₹1K cr

MUMBAI-BASED INFINITY FINCORP, which provides loans against property for MSME borrowers, has increased its loan book to over ₹1,000 crore, company founder, MD and CEO Shrikant Ravalkar told FE in an interaction.

Top contenders shortlisted for ₹10k-cr AI compute initiative

● List includes Yotta Data Services, Jio Platforms, Tata Communications

Inter-ministerial team to govern AI proposed

A PANEL APPOINTED by the ministry of electronics and IT (MeitY) has recommended an inter-ministerial approach to govern artificial intelligence (AI).

Wilmar readies post-Adani exit blueprint

Focus On Food Business Likely

Nadella: India must balance AI ambition with investment

INDIA HAS THE potential to be a global leader in artificial intelligence (AI), but it must carefully weigh its investments in building foundational AI models, Microsoft chairman and CEO Satya Nadella said on Wednesday.

Elgar case: Rona Wilson, Dhawale granted bail

The Bombay High Court on Wednesday granted bail to researcher Rona Wilson and activist Sudhir Dhawale, both arrested in 2018 in the Elgar Parishad-Maoist links case.

Isro delays space docking experiment one more time

SPACE AGENCY ISRO postponed a highly anticipated space docking mission for the second time late Wednesday.

Body of one of nine trapped Assam coal miners found

THE BODY OF one of the nine workers trapped inside a coal mine in Assam's Dima Hasao district was recovered by army divers on Wednesday on the third day of the rescue operations, officials said.

Modi Inaugurates Projects Worth Over ₹2L Cr in Andhra

PRIME MINISTER NARENDRA MODI on Wednesday virtually laid the foundation stone and launched projects worth over ₹2 lakh crore here.

Why is BJP not allowing public to see Delhi CM's 'Sheesh Mahal', asks AAP

AT 11 AM ON Wednesday, Aam Aadmi Party (AAP) leaders Sanjay Singh and Saurabh Bhardwaj arrived in front of the barricades lined up before the 6, Flag Staff Road bungalow on Civil Lines, acquired by the Public Works Department, to stage a protest.

New ISRO chairman: The brain behind India's cryogenic success

FROM CHANDRAYAAN to the latest Space Docking Experiment (SpaDeX) and the upcoming Gaganyaan missions, the Indian Space Research Organisation is \"going through a successful phase\", new ISRO chairman, Dr V Narayanan, said on Wednesday.

Higher corporate efficiency also behind lower wage growth

The trend of manufacturing companies outsourcing services impacted wage growth in India, Sanjiv Puri, president of the Confederation of Indian Industry (CII), said in an interview.

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DPIIT Looks at Policy Tweaks to Boost FDI

The Department for Promotion of Industry and Internal Trade (DPIIT) held a consultation with stakeholders on Wednesday on ways to increase the inflows of foreign direct investment (FDI) by carrying out required changes in regulations.