CATEGORIES

RPower Rallies as Arm Repays $150 Million to IIFCL, UK

Reliance Power on Wednesday said its arm Sasan Power has made a bullet payment of $150 million to IIFCL, UK, fulfilling its debt obligation on December 31.

Banks' loan growth drops for fifth straight month in Nov

BANKS' CREDIT GROWTH moderated for the fifth straight month in November, driven by a slowdown in unsecured and personal loan segments, data released by the Reserve Bank of India (RBI) showed.

New year brings stricter regulatory oversight for HFCs

WITH THE RESERVE Bank of India's (RBI) new guidelines coming into effect on Wednesday, housing finance companies (HFCs) are stepping into the new year under stricter regulatory oversight.

Indices Begin 2025 on a High

FPIs Continue Selling Spree

UPI Transactions Hit Record High in Dec; Value at ₹23.25L cr

DIGITAL TRANSACTIONS CONTINUED their upward trend in December, with the number of transactions on the Unified Payments Interface (UPI) rising 8% month-on-month to hit a record of 16.73 billion, according to data from the National Payments Corporation of India (NPCI).

Nishant Pitti resigns as CEO of Easy Trip Planners

EASY TRIP PLANNERS, the parent company of online travel booking platform EasyMyTrip, announced the resignation of its CEO Nishant Pitti on Wednesday, adding that Pitti was stepping down for personal reasons.

Accel raises $650 million for eighth India fund

ACCEL HAS RAISED $650 million (₹5,500 crore) for its eighth India fund, according to the US Securities and Exchange Commission filings, seen by FE.

Zoomcar eyes expansion for newly launched cab service

Piloting Chauffeur-Driven Cabs

Snapdeal trims FY24 losses by 43%

E-COMMERCE PLATFORM SNAPDEAL has reduced its losses considerably in FY24, despite near-flat revenue growth during the year.

Q-comm delivers record sales on New Year's Eve

QUICK COMMERCE FIRMS saw their sales soar to unprecedented levels on December 31.

India Poised to Lead Global Supply Chains: Anand Mahindra

INDIA HAS THE potential to significantly bolster its economic stature and establish itself as a pivotal player in the global supply chain, according to Mahindra Group chairman Anand Mahindra.

AI first airline to roll out Wi-Fi on domestic fleet

AIR INDIA HAS covered a lot of ground since privatisation and its global coverage will further increase in the years ahead, the airline's chief Campbell Wilson said on Wednesday.

SUV demand puts Dec PV sales in the fast lane

Sales hit 4.3 million in 2024, marking 4.8% growth

Electronics Sector Seeks Cut in Duties, Tariff Slabs

RUN-UP TO THE BUDGET

Two crop insurance schemes to run till FY26

THE UNION CABINET on Wednesday extended two crop insurance schemes — the Pradhan Mantri Fasal Bima Yojana (PMFBY) and the Restructured Weather Based Crop Insurance Scheme (RWBCIS) — by one more year till 2025-26 to align their implementation with the 15th Finance Commission period.

18 Former MoS, 12 Ex-MPs Still Have Security

Audit finds no security review done in a long time

FY25 Tobacco Exports to Top ₹13,000 Cr

Higher yields & prices drive growth; no increase in area under tobacco cultivation

Govt cuts jet fuel price by 1.5%, commercial LPG by ₹14.5/cylinder

THE PRICE OF jet fuel, or ATF, on Wednesday was reduced by 1.5% and the rate of commercial LPG that is used in hotels and restaurants was cut by ₹14.5 per 19-kg cylinder in the monthly revision done in line with benchmark international prices.

2024 Was Warmest Since 1901; Jan 2025 to Be Relatively Warm

THE YEAR 2024 was the warmest on record in India since 1901, with the average minimum temperature settling 0.90 degree Celsius above the long-period average, Mrutyunjay Mohapatra, director general of the India Meteorological Department (IMD), said on Wednesday.

Bajaj Auto topples Ola

TO COUNTER THESE challenges, Ola Electric opened 3,200 new stores in a single day last week, bringing its total network to 4,000 showrooms and service centres nationwide.

Naxals trying to expand without success: MHA

FACING TOUGH ACTION from security forces, the Naxals are making efforts to expand to new areas along inter-state borders but without any notable success, the latest report from the home ministry has said.

Biren concludes 2024 with an apology: 'I want to say sorry'

Says we have to start a new life, a peaceful Manipur

'AI and marketing make a powerful combination'

EVP & CHIEF DELIVERY OFFICER, INFOSYS

Navigating trade challenges

IN 2025, INDIA'S TRADE POLICY SHOULD FOCUS ON SERVICES, US AND JOINING THE CPTPP

Build relationships to cement success...

...and some more ideas to defend your market

How Musk Planted Himself at Trump's Doorstep

ELON MUSK plays many roles with President-elect Donald J. Trump. He is Trump's most important donor, most influential social media promoter, and a key adviser on policy and personnel.

China's 2024 GDP growth set to hit target of 5%, says Xi

BRIGHTER PROSPECTS

Russia to Cut Gas Flow to Europe via Ukraine

Russian energy company Gazprom will pump a reduced volume of gas to Europe via Ukraine on Tuesday, the last day before the expiry of a deal that had kept the gas flowing throughout nearly three years of war.

S Korea crash: Airport embankment in focus

SOUTH KOREA RAMPED up investigations on Tuesday into the cause of its deadliest domestic air accident as police worked to identify victims while families of those killed in the crash of a Jeju Air jet pushed for more details.

US Treasury says its system hacked, China behind it

THE US TREASURY Department was hacked by a Chinese state-sponsored actor through a third-party software service provider, according to a letter the agency sent to Congress on Monday.