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Central bank steps up liquidity infusion

CHINA'S CENTRAL BANK injected 1.7 trillion yuan ($233 billion) of cash in December, dialing up liquidity support for the economy and financial markets at year-end.

Russia to Cut Gas Flow to Europe via Ukraine

RUSSIAN ENERGY COMPANY Gazprom said it would 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.

How Musk Planted Himself at Trump's Doorstep

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

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.

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

PREZ SAYS NEXT YEAR HE WILL IMPLEMENT MORE PROACTIVE POLICIES

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.

Yields End 2024 With a Declining Bias

BOND YIELDS DECLINED in the last trading session of 2024, mirroring the trend of the entire year, aided by value buying and a downward tick in US yields.

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.

Re closes at new all-time low

HEADED FOR LOSSES

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.

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.

Gold set to shine brighter in 2025

Easing interest rates and geopolitical tensions could fuel a golden rally

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 business 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.

IT Companies Set for Gradual Q3 Recovery with BFSI Boost

• Mid-tier IT firms likely to outpace industry majors

Blinkit Launches Large Order Fleet in Delhi, Gurugram

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

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

India to Face Challenges in Improving Biz Ranking Score: Report

INDIA MAY FACE challenges in achieving good scores on parameters like business entry, labour regulations, and international trade in the World Bank's Business Ready report, according to think tank GTRI.

Revised standards for organic products soon

INDIA WILL SOON unveil updated standards for organic agricultural products to bring them at par with the latest European Union's (EU) grade to bring in more clarity and transparency in the processes while strengthening the regulatory oversight through data analytics, a senior official said.

Coffee exports surpass $1-bn mark in Apr-Nov

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).

In Trump era, look beyond IT for H-1B visas

AMID THE RAGING debate over H-1B visas in the US, policy think tank Research and Information System for Developing Countries (RIS) Tuesday said there was a need to diversify the skill sets beyond software since bulk of the H1-B visas are allotted to IT professionals.

Capacity of wheat silos to triple in three years

THE GOVERNMENT IS aiming to build 9 million tonne (MT) of wheat silos capacities over the next three years, from a current level of 2.8 MT of state-of-the-art grain storage facilities.

Spurious drugs worth Rs 6.6 cr seized in Kolkata

A joint investigation conducted by the Central Drugs Standard Control Organisation (CDSCO) and the Drugs Control Directorate, West Bengal at the premises of a wholesale firm in Kolkata recently led to the seizure of spurious drugs estimated to be worth Rs 6.6 crore.