CATEGORIES

South Korea Issues Arrest Warrant for Impeached Prez

A SOUTH KOREAN court gave authorities approval on Tuesday to detain impeached President Yoon Suk Yeol in a criminal investigation into his martial law decree, marking the first time that a sitting president of the country has faced arrest.

Sebi Launches MF Lite Scheme to Strengthen Passive Funds

Sebi on Tuesday announced the launch of the Mutual Funds Lite (MF Lite) framework to simplify the compliance process for entities launching passively managed mutual fund schemes.

Indices Post Positive Returns for Ninth Consecutive Calendar Year

THE SENSEX AND NIFTY recorded gains of 8.2% and 8.8%, respectively, in 2024, marking positive returns for nine consecutive calendar years—the longest winning streak.

Re closes at new all-time low

THE RUPEE CLOSED at a fresh low due to broad-based dollar bids and declining Chinese yuan, said forex traders.

Sensex, Nifty fall in final session

BENCHMARK INDICES SENSEX and Nifty ended lower on the final session of 2024 on Tuesday amid persistent foreign fund outflows and weak trends in the global markets.

Gold set to shine brighter in 2025

Easing interest rates and geopolitical tensions could fuel a golden rally

FPIs Again Turn Net Buyers of Govt Securities in Dec

AFTER TURNING NET sellers of government bonds under the fully accessible route (FAR) for the first time since India's inclusion in the JP Morgan Global Market Index - Emerging Suite in November, foreign portfolio investors (FPIs) have again turned net buyers in December.

CCI Seeks More Info on Charges Against Quick-Commerce Firms

The Competition Commission (CCI), which has received a complaint of anti-competitive practices against quick commerce companies, is waiting for more information on the allegations from the complainant before taking a decision on the matter.

Thomas Cook reports cyberattack on IT infra

Thomas Cook (India) on Tuesday said there has been a cyberattack on its IT infrastructure and it is working with security experts to support its investigation and take remedial action.

RIL Spent $13 Billion on Acquisitions in 5 Years

RELIANCE INDUSTRIES HAS spent $13 billion on acquisitions in the past five years across new energy, telecom, retail, and media businesses to script a pivot away from core oil and petrochemicals business to clean energy and consumer-facing verticals.

BAA plans to open pilot training centre in India

BAA TRAINING, A global aviation training provider, is considering establishing a pilot training centre in India to capitalise on the predicted surge in air travel demand in the country.

BPCL boosts West Asian oil imports

Oil imports from Russia slipped to 1.47 mn barrels/day

Investor confidence powers semiconductor startups

SEMICONDUCTOR STARTUPS ARE riding a wave of increased investor confidence, with total funding in 2024 reaching $21.3 million, according to Tracxn.

Atul, Rahul Kirloskar to challenge Sebi order on family settlement

ENTITIES UNDER ATUL and Rahul Kirloskar's control - Kirloskar Oil Engines (KOEL), Kirloskar Industries (KIL), Kirloskar Pneumatic (KPCL), and Kirloskar Ferrous (KFL) - are gearing up for a legal battle against a Securities and Exchange Board of India (Sebi) directive.

Blinkit Launches Large Order Fleet in Delhi, Gurugram

BLINKIT, QUICK COMMERCE arm of Zomato, has launched a large order fleet in Delhi and Gurugram.

IT companies set for gradual Q3 recovery with BFSI boost

Mid-tier IT firms likely to outpace industry majors

Emerging tech to spur 20% job growth in India

INDIAN IT ECOSYSTEM is poised for a promising growth trajectory in the coming years with emerging technologies expected to witness a 20% increase in new jobs in 2025, Human Resources (HR) platform FirstMeridian Business Services said on Tuesday.

ICAI's global networking norms restrictive: Big Five

AROUND 24,000 FIRMS HAD OVER TWO PARTNERS BY FY24-END

Capacity of wheat silos to triple in three years

INVITING BIDS

Coffee exports surpass $1-bn mark

TRADITIONALLY A TEA exporter, India is making significant inroads into the global coffee export market with total exports during the current financial year up to November crossing the $1-billion mark for the first time, according to data from Centre for Monitoring Indian Economy (CMIE).

Record number of APAs signed in FY24: CBDT

FY24 witnessed the highest number of advance pricing agreement (APA) signings, at 125, in any single financial year since the commencement of the programme in 2012, official data showed.

GTRI: Exports cross $800 billion in 2024

INDIA'S OVERALL EXPORTS in calendar year 2024 likely touched $814 billion, growing at 5.58% year-on-year, according to a report by trade policy think tank Global Trade Research Initiative (GTRI).

Coal Stocks at Thermal Units Improve to 72%

COAL STOCKS AT the country's thermal power plants improved to 72% of the normative level as of December 30, compared to just 58% in the same period of last year, data from the Central Electricity Authority showed.

Small savings interest rates unchanged

Economists expect overall industrial growth to be 5-7%

Centre's fiscal deficit in Apr-Nov at 52.5% of BE

Capex down 12.3%, FY25 target may be missed

Bears gain ground, bulls sober up

INDICES SCALED NEW HIGHS IN FIRST 9 MONTHS, RALLY LOST ITS LEGS AFTER SEPT

Three shots that sank India in fourth Test

\"AAJ KAYA pehlewaala? (Today's or the previous one?),\" Rohit Sharma queried when a question was asked about Rishabh Pant's shot in the final session on the final day that changed the game, even as India plunged to a 184-run defeat to Australia, bundled for 155 chasing 339 in the fourth innings at Melbourne.

MoD signs ₹2,867-crore deals for torpedoes, AIP

DEFENCE MINISTER RAJNATH Singh said on Monday that unconventional methods like Artificial Intelligence-based warfare and cyberattacks pose a big challenge.

₹18,000 a month for priests, granthis if AAP wins: Kejriwal

WITH AN EYE on Delhi's Pandit and Sikh voters, Aam Aadmi Party (AAP) national convenor Arvind Kejriwal Monday announced his fifth poll promise -- ₹18,000 a month to all pandits and pujaris working in temples and granthis in gurdwaras across the city if the party returns to power in the Assembly election next year.

Isro's PSLV-C60 lifts off with SpaDeX spacecraft

ISRO'S PSLV-C60 rocket carrying two spacecraft that would aid in demonstration of space docking, a critical technology for future space missions, lifted off from the spaceport here late on Monday.