CATEGORIES

Restoring inflation-growth balance most important: Das

THE OUTGOING GOVERNOR of the Reserve Bank of India (RBI), Shaktikanta Das, said on Tuesday that restoring the inflation-growth balance is the most important task ahead for the central bank.

A hard 'taskmaster' with 'memory of an elephant'

SANJAY MALHOTRA, A career civil servant who has mostly kept a low profile, was picked as the governor of the Reserve Bank of India (RBI), replacing Shaktikanta Das who is leaving after a six-year stint.

Equity MF inflows in November drop 14%

Second consecutive month of SIP inflows crossing the ₹25,000-crore mark

SP Group sells Mumbai land for ₹455 cr

THE SHAPOORJI PALLONJI Group has sold a 19,589.22 sq ft land parcel in the upscale Juhu locality of Mumbai to Agarwal Holdings for ₹455 crore.

GenAI to play key role in fighting cyber risks: TCS

TO COMBAT THE rising menace of GenAI-powered cyberattacks, Tata Consultancy Services (TCS) on Tuesday suggested a counter-intuitive approach: just like fighting fire with fire, organisations must deploy GenAI-powered threat detection and response systems.

Re nears 85 as rate cut bets rise

THE MARKET WILL closely watch the new governor's strategy of handling pressure on the rupee.

RPower sets up green arm, names CEO, COO

RELIANCE POWER on Tuesday announced setting up its renewable energy business arm, Reliance NU Energies, and appointed Mayank Bansal as chief executive officer and Rakesh Swaroop as chief operating officer of the subsidiary.

Legacy firms wrest 51% of EV 2W pie

THE DELHI-BASED COMPANY also more than doubled its volumes and retained its tag of being the fifth largest player in this category with a 6% market share.

Fintech firm Jar's jewellery e-comm bet yields results

TIGER GLOBAL-BACKED FINTECH startup Jar, best known for its digital gold savings offering, has crossed ₹100 crore in annualised recurring revenue (ARR) from its jewellery e-commerce vertical Nek, just nine months after its launch in February, co-founder and CEO Nishchay AG said.

Most APAC firms see benefits of AI in 2-5 years: IBM survey

Nearly 60% of surveyed organisations across the Asia-Pacific region (APAC) anticipate realising the benefits of their artificial intelligence (AI) investments within two to five years, a recent study commissioned by IBM, titled \"APAC AI Outlook 2025\", said.

Adani seeks fresh lifeline for troubled $2-bn power plant

SEEKING MORE CONCESSIONS

'Nano units helping us bridge service gap for new-age channels'

Hindustan Unilever (HUL), the country's largest consumer goods company, runs a network of 28 factories and 35 warehouses, producing over 75 billion units across 2,000+ products annually.

Global airlines may surpass $1-trn revenue mark in 2025

THE GLOBAL AIRLINE industry is projected to report a net profit of $36.6 billion in 2025, slightly higher than expected this year, helped by lower oil prices and cost control, IATA said on Tuesday.

RIL, L&T arm, ReNew bid for green hydrogen sops

RELIANCE GREEN HYDROGEN, L&T Energy, ReNew E-Fuels, Waaree Clean Energy, Avaada Green H2, and AM Green are among 14 companies that have placed bids for financial incentives linked to green hydrogen production.

Peripheral areas witness bigger spike in home prices than prime locations

NEWER REAL ESTATE micro markets have seen higher price growth over the past six years than many prime locations across the top 7 cities, a report by Anarock showed.

Amazon enters q-commerce race with 15-minute delivery

CUSTOMERS WHO WANT grocery and other items delivered in 15 minutes or less can now add one more option to their shopping preference.

Will focus on fintech, consumer startups, says Stride Ventures

AS IT LOOKS at its next phase of growth, venture debt firm Stride Ventures will increase focus on investments in consumer, fintech, and cleantech startups and reduce exposure to the B2B sector.

India against China-led investment pact at WTO

INDIA WILL CONTINUE to oppose China's move at the World Trade Organisation (WTO) for an agreement on investment facilitation even though it has garnered support from 128 countries out of 166 members, a senior official said.

India defends subsidies to fishing at WTO

INDIA HAS POINTED out that its per capita subsidies to farmers amount to just $35 a year as compared to $76,000 that some of the biggest fishing economies provide and the World Trade Organisation (WTO) should look at per capita rather than aggregate support for fisheries as the trade regulating body discusses further measures to tackle overfishing.

Oppn submits motion to remove Dhankhar

IN A FIRST, parties of the INDIA opposition bloc on Tuesday submitted a notice to bring a motion in Rajya Sabha for the removal of Vice President Jagdeep Dhankhar, accusing him of \"partisan\" conduct as the chairman of the Upper House.

National Broadband Mission 2.0 in the works

The Department of Telecommunications (DoT) is working on the next leg of the National Broadband Mission to improve connectivity, quality of services, increase broadband penetration, and infrastructure in the country.

S&P Global: India set for 'resilient' growth in 2025

RIDING ON URBAN CONSUMPTION

Inoperative Jan Dhan accounts have ₹14,750 cr balance

INOPERATIVE BANK ACCOUNTS under Pradhan Mantri Jan Dhan Yojana (PMJDY) have a balance of ₹14,750 crore as of November 20, 2024, the finance ministry informed Rajya Sabha on Tuesday.

Highway construction declines 6.6% on year

HIGHWAY CONSTRUCTION IN the first eight months of this fiscal stood close to 4,900 km, which is 6.6% lower than 5,248 km in the same period last year.

Industry body seeks separate policy for stainless steel sector

INDUSTRY BODY ISSDA has urged the government to formulate a separate policy for the stainless steel industry.

PM to lay out plan for socio-economic growth

Agenda includes jobs, manufacturing, and MSMEs

Retail inflation likely fell sharply to 5.6% in Nov

Decline was mainly due to cooling of vegetable prices

Verdict is clear: Mega merger unlikely to threaten WPP's stupendous lead in India

Globally, Omnicom is the bigger of the two partners; but in India, IPG is at least three times larger than Omnicom, and WPP is double the size of IPG

SVOD audience falls 2% in India: Report

INDIA'S SUBSCRIPTION VIDEO-ON-DEMAND (SVOD) audience base has witnessed a slight decline, dropping by 2%, from 153 million in 2023 to 150.6 million in 2024, according to The Ormax SVOD Audience Report: 2024.

Omnicom takes aim at Big Tech, AI with $13-bn Interpublic deal

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