CATEGORIES

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.

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.

Rupee slips to record closing low

The rupee slipped to its weakest closing level on record on Monday, pressured by a decline in the offshore Chinese yuan and broad-based dollar bids amid a prevailing bearish bias on the local currency.

Less than 10% of IT budget in new tech

Banks in India allocated less than 10% of their information technology budgets to emerging technologies this year, the Reserve Bank of India (RBI) has found.

Rising confidence to fuel Indian economy

RBI's FSR pegs real GDP growth for the current fiscal year at 6.6%

Onitsuka Tiger Eyes India Manufacturing for Faster Growth

Onitsuka Tiger shoes were the official footwear for the Japanese delegation at the 1968 Mexico City Olympics

As Big As A Year Ends

prices, political shifts, global uncertainties and more. The challenges in its quest to become a developed economy

India Dream: Challenging

In Charts: India grappled with a slowdown, climate crisis, rising geopolitical tensions in 2024

Indian Firms Raise Record Debt in 2024

Indian firms raised ₹10.67 trillion through the sale of bonds till 27 December, a 9% jump over 2023

SpiceJet's grounded planes to fly again

Budget carrier SpiceJet Ltd. aims to operationalize 30 Boeing 737 MAX aircraft, grounded for reasons ranging from payment default to lessors and component shortages, in the next 12-15 months as it seeks to expand its services.

Samhi gives old offices a luxury makeover

The hospitality firm is taking old offices on lease, turning them into hotels

Ashwin Sheth plans Bengaluru debut, sets sights on IPO

Real estate developer Ashwin Sheth Group is preparing to launch more than 10 housing projects in 2025 and mark its debut in Bengaluru, as it aims to tap the public market to finance its expansion plans.

Capex plans, robust demand may keep KEI charged up

EI Industries Ltd is preparing to carry out its enhanced capital expenditure (capex) guidance. The cable and wire company recently completed a fundraise of ₹2,000 crore via a qualified institutional placement (QIP) at ₹3,800 a share. These funds are expected to help its balance sheet and support its greenfield expansion at Sanand in Gujarat, where it plans a ₹1,800-1,900 crore of capex (in phases) to increase its cable capacity.

Cement price pain not over yet

Hit and miss

Wall Street expects gold to glitter again in year ahead after solid 2024

Few investments did better in 2024 than gold, which is wrapping up its best year since 2010 and one of its largest annual gains on record.

Tumble in F&O volumes raises questions on where the money might have headed

In the past three months, the Nifty 50 has fallen 8.5% while the Nifty Smallcap 250 has dropped just 5%

Crafting Bharat: Deep-tech edition—with Fermbox Bio, at the forefront of precision fermentation

India's bioeconomy has witnessed phenomenal growth, surging from US$10 billion in 2014 to over US$130 billion in 2024.

Donald Trump's Return Sparks Hope for 2025 Deals Revival

Dealmakers say less regulation, lower interest rates and rising stock markets could fuel activity

Biden Announces $2.5 Billion Military Aid for Ukraine

President Joe Biden on Monday unveiled a $2.5 billion military aid package for Ukraine, as Washington races to provide assistance before Donald Trump takes office in a matter of weeks.

Reliance seeks premium for oil from KG block

Reliance Industries Ltd is seeking a premium of at least $3.5 per barrel over an international benchmark for crude oil it produces for eastern offshore KG-D6 block, according to the tender the firm put out on Monday.

Arai likely to divide PM E-drive upgrade funds among 4 agencies

The Automotive Research Association of India (Arai) is likely to spearhead the distribution of ₹780 crore earmarked for upgrading the nation's automotive testing infrastructure as part of the government's ₹10,900-crore electric vehicle (EV) subsidy scheme, two persons aware of the matter said.

Health, education seek budget boost

Industry leaders urged measures to boost investment, education and healthcare in a pre-budget consultation with finance minister Nirmala Sitharaman on Monday.

Centre asks states to ensure land to install wind projects

States, in turn, are looking to consolidate unutilized government land for wind power projects

The joy of finding a notebook-diary to plan the new year

Whether you plan every hour of the day or just enjoy doodling, these diaries are just what you need to start 2025

How to make 2025 the best year for your life

As the year draws to a close, the process of review and reset begins. Typically, it involves taking stock of your career, personal growth, health, and finance.

A daily habit to fight burnout at work and beyond

Prioritize what truly matters, suggests Borges India's head Vishal Gupta

Prospects for 2025 are visible in the end-of-year haze

India will have its hands full as the US and China clash, geopolitics thickens and AI impacts jobs

Manmohan Singh: A Persuasive Leader Who Made a Big Difference

A deliberative, transparent, clear-headed and decisive approach to policy formulation must live on as a tribute to his legacy

US consumer protections look likely to be deleted by Trump

Expect the financial sector's discomfort with them to win the day

Let's make the case for trade optimism globally

Globalization stares at further reversals even as India's economy needs an export-led boost. Advocacy of low-barrier trade would serve us well and honour Manmohan Singh's legacy