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NaBFID invests ₹745 cr in NDR InvIT

The National Bank for Financing Infrastructure and Development (NaBFID) has invested ₹745 crore in long-term bonds issued by NDR InvIT, the company said on Tuesday.

Thermal coal imports up 9% this year

Imports of thermal coal, used for power generation, have increased by about 9% in the April-November of the ongoing fiscal year to 45 million tonnes, on higher procurement made by those power plants that operate solely on imported coal.

Drugmaker Anthem files for IPO

Indian contract drugmaker Anthem Biosciences filed for a ₹33.95 billion ($397 million) initial public offering (IPO), draft papers showed on Tuesday, at the fag end of what has been a red-hot year for companies listing on the stock market.

Isro earned $427 mn from US, EU space missions in 10 years

Union minister Jitendra Singh says revenue figure likely to ramp up in coming years; more such missions to be conducted going forward

Kirloskar cos to challenge Sebi

Our Kirloskar companies on Tuesday said they are preparing to legally challenge a letter by markets regulator Securities and Exchange Board of India (Sebi) asking them to disclose the deed of family settlement that was signed by members of the Kirloskar family on 11 September 2009.

India's Core Sector Growth at 4-Month High of 4.3% in Nov

The rebound in manufacturing may significantly affect industrial production in November; data will be in by Jan

RS panel to review CCI's commitment scheme

The Rajya Sabha's committee on subordinate legislation led by Milind Deora will review a scheme offered by the Competition Commission of India (CCI) in March allowing businesses to avoid anti-trust probes by making commitments to change their conduct, two persons privy to the development said.

Pristyn Care in talks for $100 mn in fresh funding

Several PE firms have expressed interest in ramping up allocations to healthcare sub-segments

MGNREGS work demand reaches four-month high in December

The number of people seeking work every month under MGNREGS has been rising steadily since September

FY25 Fiscal Deficit at ₹8.5 tn Till Nov, Hits 52% of Target

Rising costs and higher spending on subsidies and public sector initiatives fuels deficit

2024 tough year for ad industry but the worst is behind us, says Khemka

Despite 2024's challenges, Khemka is optimistic about the year ahead, citing resilience in key sectors

Delhi May Ban Fuel for Old Vehicles to Curb Air Pollution

Still driving an end-of-life vehicle in Delhi-NCR? You may be refused fuel if caught, officials aware of the plan to curb pollution in the city said.

NPCI extends UPI volume cap compliance deadline

NPCI had earlier said no app could account for more than 30% of UPI transaction volumes

Wellness Synced with Tech and Mind-Body Therapy

From somatic therapy to the rise of wellness realty, 2024 saw the world seeking deeper, sustainable solutions for optimal well-being

In 2025, take smaller, consistent steps to a fitter you

Instead of framing a vague and ambitious fitness resolution, set a super-specific goal with a timeline and track it daily

Apt spending must win our state-level fiscal tug-of-war

States must spend more on capital projects that can secure future growth than on freebies and subsidies

America Inc in 2025: Here are five significant forces to track

Change will range from rollbacks of diversity to CEOs' Trump ties

Services offer a clear and speedy path to economic development

We must reject the false choice between supporting services and promoting manufacturing. Policymakers need to do both

Will 2024 events set off a headwind or tailwind?

Old theories of social and economic cycles were back in discussion as politics and economics impacted each other over the past year. Expect the implications to begin unfolding in 2025

AI cannot replace human instinct in decision-making

The advent of artificial intelligence (AI) has presented both unprecedented opportunities and complex challenges in the rapidly evolving landscape of decision-making.

The recent deposit shortfall is a wake-up call for banks in India

They should treat depositors as business partners if they are to garner enough deposits for lending

2024: The Year of Riddles for Both Markets and Life

Interesting election results in three major world powers. Continued economic uncertainty in another one. And, continued geopolitical tensions in yet another. To cut rates or not, the constant question.

Should you be hiring a consultant to manage credit card rewards?

From points to travel perks, why credit card consultancies are becoming a must, especially for high-spenders

15 Awesome Stories You Shouldn't Miss

In 2024, we published over 200 Long Stories. Here's our recommended year-end list

Should NRIs deduct TDS on property sale?

Under India's income tax laws, any individual buying an immovable property (excluding agricultural land) from a resident seller must deduct TDS at 1% of the total consideration if the purchase price or stamp duty value is ₹50 lakh or more. The TDS is calculated on the higher of two values, not just the amount exceeding ₹50 lakh. This applies equally to both resident and non-resident buyers.

BII to invest ₹650 cr in final tranche in M&M's EV arm

Automaker Mahindra & Mahindra Ltd (M&M) on Monday said British International Investment Plc (BII) will make a final tranche investment of ₹650 crore, as against earlier planned investment of ₹725 crore, in its electric vehicles (EV) arm.

Senores Pharma has a strong debut

Securities and Exchange Board of India (Sebi) has cleared proposals of six companies, including Leela Palace parent firm Schloss Bangalore, Ather Energy and Oswal Pumps, to launch their public issues.

New Verification Facility for NEFT

The Reserve Bank of India (RBI) has asked the National Payments Corporation of India to develop a facility to allow customers using online fund transfer systems, RTGS and NEFT, to verify the name of the bank account to which money is being transferred before initiating the transaction for avoiding mistakes and preventing frauds.

Two Aeroplane Crashes Lead To Deadliest Year In Skies Since 2018

Passenger fatalities jump to 318 this year

Ikea's FY24 loss widens to ₹1,299 cr

Ikea India, a leading furniture and home furnishing retailer, reported widening of losses to ₹1,299.4 crore in FY24, according to an RoC filing by the company.