CATEGORIES

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.

NBFC fundraising through ECB route hits 5-year high

Fundraising by Non-Banking financial companies (NBFCs) through the external commercial borrowings (ECB) route has hit a five-year high in 2024.

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.

JSW's Mozambique deal on hold

A LONG BATTLE AHEAD

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.

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 UVs.

SC order on land row drags Aditya Birla realty shares

SCRIP ENDS 3.59% LOWER

New entrants, QSRs fuel 10-min food delivery biz

From Niche To Universal

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.

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 ₹4,000 crore to fund its expansion.

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

List includes Yotta Data Services, Jio Platforms, Tata Communications

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.

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).

Isro delays space docking experiment one more time

ISRO postponed a space docking mission for the second time late Wednesday. The agency cited an issue arising from excess drift between the satellites, without disclosing a new date for the docking. The technology was originally set to be tested on Jan. 7 local time.

Higher corporate efficiency also behind lower wage growth

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

Modi Launches ₹2L Cr Andhra Projects

PRIME MINISTER NARENDRA Modi on Wednesday virtually laid the foundation stone and launched projects worth over ₹2 lakh crore here and said the Centre will work with Andhra Pradesh in realising its vision of becoming approximately a $2.5 trillion economy by 2047.

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.

Steel import duty may lead to steep price hike

STEEL PRICES IN 2025 would be much higher than last year's if the proposed safeguard duty on steel imports is imposed by the end of next month, rating agency Crisil said on Wednesday.

Gold imports overstated by $11.7 bn in Apr-Nov: Govt

Losing Sheen

Digital farmer ID must to apply for PM Kisan benefits

States requested to upgrade land records

HMPV: Centre asks states to step up surveillance of respiratory illnesses

Two suspected cases of the virus were reported from Nagpur, taking the total number to seven

Nvidia Unveils New Tech for Gamers

● Also announces first desktop PC

Samsung CEO touts AI fridges & washers

SAMSUNG ELECTRONICS IS ramping up investment in AI for consumer electronics, betting on its ubiquitous presence in gadgets from smartphones to TVs to help it stake out a spot in the AI arena.

Only 1 in 5 Sees Household Income Rising in '25: Study

ONLY 24% OR 1 out of every 5 Indians expects their household income to rise in 2025, a survey released on Tuesday showed.

A boost to Act East policy

STRATEGIC ALLIANCES WITH GLOBAL BHARATIYAS

Orbit, Sanabil Launch Startups' Accelerator

ORBIT STARTUPS (ORBIT) and Sanabil Investments have launched an accelerator programme to cultivate early-stage startups from the Saudi Arabia and the Middle East and North Africa (MENA) region as well as global startups seeking to expand into the region.

BPCL board clears ₹1K-cr MNGL IPO

THE BOARD OF state-owned Bharat Petroleum Company has given an in-principle approval for the listing of Maharashtra Natural Gas (MNGL)—its joint venture company with GAIL and Indraprastha Gas, the company said on Tuesday.

Growth engine runs out of steam

THAT REPRESENTS A loss of 6.4% growth over the period, against an average annual growth of 6%.

Vi planning phased 5G rollout, says CEO

VODAFONE IDEA is preparing for a phased 5G rollout, and will launch new tariff plans in 2025, the telco's CEO Akshay Moondra wrote to Vi customers in an emailed new year greeting.

The cost of consent

The proposed DPDP Rules challenge marketers to rethink strategy