CATEGORIES

Foreign flows into govt bonds to come off record highs

FOREIGN FLOWS INTO government bonds are set to decline in 2025, after spiking to a record high in 2024 as the debt got added to JPMorgan's emerging market debt index, investors said.

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).

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.

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.

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.

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.

Zoomcar eyes expansion for newly launched cab service

ZOOMCAR, KNOWN FOR its self-drive car rental services, has recently piloted a chauffeur-driven cab rental service in Bengaluru, and is considering expanding it to other major cities.

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.

SUV demand puts Dec PV sales in the fast lane

Sales hit 4.3 million in 2024, marking 4.8% growth

Air India set for major global expansion, says CEO Wilson

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.

Electronics sector seeks cut in duties, tariff slabs

IN THE RUN-UP to the Budget 2025-26, the India Cellular and Electronics Association (ICEA) has urged the government to simplify the tariff structure and sought a reduction in duties on electronics parts and components used in mobile phones, television sets, hearables, and car displays.

18 Former MoS, 12 Ex-MPs Still Have Security

The Delhi Police plans to approach the Ministry of Home Affairs with a list of 18 former Ministers of State (MoS) and 12 former Members of Parliament who have security cover even after completion of their tenure/term.

UP minister alleges threat from special task force

UTTAR PRADESH CABINET minister Ashish Patel has accused the state special task force of \"conspiring\" against him and alleged a threat to his life from the agency.

Additional subsidy of ₹3,850 cr for DAP to maintain retail prices

THE GOVERNMENT ON Wednesday extended additional subsidy on di-ammonium phosphate (DAP) beyond December 31, 2024, aimed at helping maintain retail prices of this key fertiliser at 1,350/a bag of 50 kg. This will push up the fertiliser subsidy by 3,850 crore in the current financial year.

Two crop insurance schemes to run till FY26

Total allocations for PMFBY & RWBCIS for FY22-26 raised to ₹69,515 crore

Nagaraju to PSBs: Speed up resolution of grievances

STRESSING THAT ANY laxity in grievance redressal is against the ethos of customer service and diminishes the brand value of the organisation, financial services secretary M Nagaraju has directed public sector banks (PSBs) and insurance companies (PSICs) to address public grievances sincerely in a time-bound manner.

IREDA loan disbursements up 41%

STATE-OWNED INDIAN RENEWABLE Energy Development Agency (IREDA) sanctioned loans worth ₹31,087 crore in the third quarter of the current financial year, up 129% from ₹13,558 crore in the same period last year, according to provisional data provided by the company.

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.

FY25 Tobacco Exports to Top ₹13,000 Cr

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

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.

Dec GST mop-up at ₹1.77L cr

THE GROSS GOODS and Services Tax (GST) collections in December came in at ₹1.77 lakh crore, up 7.3% on year, data released by the finance ministry on Wednesday showed.

AMD, Intel target AI inferencing to rival Nvidia monopoly

The race for dominance in AI computing is intensifying as AMD and Intel have set their sights on AI inferencing, a critical and fast-growing segment poised to disrupt Nvidia's monopoly.

New projects unveiled down 22% in Q3: CMIE

Project completion down more than 50%

Rupee Continues Its Slide to New Low; Nudges Towards 86 Mark

THE RUPEE CONTINUED its slide on Wednesday, slipping to a new all-time low of 85.65 against the dollar, 4 paise or 0.05% weaker than Tuesday's closing of 85.61. Intra-day, the Indian currency fell to 85.72 levels, recovering after the Reserve Bank of India stepped in, dealers told FE.

Data protection rules get home ministry's go-ahead

MeitY to shortly start public consultations

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.

Market share cap for UPI postponed by two years

THE TWO FIRMS processed a combined 13.1 billion transactions in November, the data showed.