CATEGORIES

₹2-cr fine on Deloitte Haskins for Zee audit

In July 2019, the bank appropriated the FD towards the settlement of loan amounts due from seven promoter group companies. However, the NFRA noted that neither the creation and maintenance of FD, nor its reappropriation by the bank was with the approval of the board or shareholders of the company.

Local satellites push draws 30 aspirants

The applicants for INSPACe's latest effort in this regard include startups such as Google-backed Pixxel and Baring Private Equity-backed SatSure, as well as larger entities like Tata Group's Tata Advanced Systems.

Economists for FTAs, land & labour reforms

RCEP was signed by the group of countries in November 2020 except India.

Walking into a minefield

Even though she made a very strong pitch that funds will move away from the regulated markets towards crypto and similar assets, if bourses don't move towards instantaneous settlement, neither brokers, nor the exchanges made a real effort to back her.

Uniting for greater good

COLLABORATIVE PHILANTHROPY is not a new idea. History has many examples of communities coming together for the common good.

Labour-intensive exports: Gains likely to be short-lived

India's textile exports saw modest growth in April-November, but this may be short-lived due to a volatile rupee and challenges in the global market. While a weaker rupee could boost exports, the gains may be offset by increased raw material costs and the need for greater competitiveness.

EAM in US to boost bilateral ties

IN WHAT IS expected to be the first high-level contact between the incoming Trump 2.0 administration and the Indian government in its third term, external affairs Minister S Jaishankar is likely to meet the new Trump team in the US.

18% GST on used EV to be paid on seller's margin

A REGISTERED PERSON will have to pay an 18% Goods and Services Tax (GST) on sale of old and used vehicle only if the seller has earned a margin, which is if the selling price is higher than the depreciation adjusted cost price of the vehicle, official sources said.

Changing the lens can make a big difference

The actual lead is missing from the OCR text.

'Buying jewellery today is akin to fine dining-it's thoughtful & deliberate'

INTERVIEW: SANDEEP KOHLI, CEO, INDRIYA

Road to relevance

How to craft a brand strategy that stands the test of time

The Trump dump

YOU CAN'T BULLY THE MARKET, CERTAINLY NOT WHEN YOU HAVE THE DEEPEST AND MOST LIQUID MARKET

Downward drift

RBI, which has been intervening in currency markets to prevent a sharp fall in the rupee, must reassess its stance

Building rural resilience

Shift in rural incomes, with reduced dependence on pure cultivation, is an encouraging trend that helps pull out excess and disguised labour from the sector

Gloom or green shoots? Europe's year ahead

AFTER COVID-19 AND Russia's invasion of Ukraine, is Europe about to get its next existential shock in the shape of Donald Trump? From trade to defence to tech, the combination of mercantilism and MAGA is going to hurt — but hopefully also jolt Europeans out of typical complacency.

Honda-Nissan merger requires time

HONDA AND NISSAN expect big benefits from their potential merger to create the world's third-largest auto group, but intense competition from China raises questions about whether they can make it work in time.

Microsoft looks to add non-OpenAI models into 365 Copilot

MICROSOFT HAS BEEN working on adding internal and third-party artificial intelligence models to power its flagship AI product Microsoft 365 Copilot, in a bid to diversify from the current underlying technology from OpenAI and reduce costs, sources familiar with the effort told Reuters.

Biden to decide on takeover of US Steel

NIPPON STEEL'S PROPOSED $12.3 billion acquisition of US Steel moved a step closer to being blocked after a US national security panel deadlocked on its review and left the final decision with President Joe Biden, who has repeatedly indicated his opposition to the deal.

'Crop, motor, health and commercial to equally contribute to portfolio by FY26'

Universal Sompo General Insurance, known for its focus on motor and crop insurance, is setting its sights on expanding its health and commercial lines portfolio. In an interaction with Narayanan V, managing director and CEO Sharad Mathur shares the strategic rationale behind this diversification. Excerpts:

China mulls $411-bn special treasury bonds in 2025

CHINESE AUTHORITIES HAVE agreed to issue 3 trillion yuan ($411 billion) worth of special treasury bonds next year, two sources said, which would be the highest on record, as Beijing ramps up fiscal stimulus to revive a faltering economy.

Lokpal calls Sebi chief, complainants for 'oral hearing' on January 28

ANTI-CORRUPTION OMBUDSMAN LOKPAL has called Sebi chief Madhabi Puri Buch and also complainants, including TMC MP Mahua Moitra, for \"oral hearing\" next month in connection with corruption complaints being heard by it, alleging impropriety and conflict of interest on the basis of a Hindenburg Research report, according to an official order.

Rupee hits record closing low for 6th straight session

THE RUPEE WEAKENED to its all-time low for the sixth consecutive trading session on Tuesday as a rise in US bond yields boosted the dollar and strong demand for the greenback from importers added to the lingering pressure on the local currency.

Tata Capital listing hopes drive shares of group companies

● At ₹900 a share, the unlisted market is valuing the company at ₹3.5 lakh crore

Swiggy targets 100K female delivery partners by 2030

Swiggy plans to have at least 100,000 female delivery partners by 2030, according to company MD and group CEO Sriharsha Majety.

Cashify eyes growth with D2C play

AIMS TO BE PROFITABLE IN NEXT FEW MONTHS

SaaS firm LeadSquared looks to turn profitable by FY26

LEADSQUARED, A BENGALURU-BASED SaaS unicorn, is setting its sights on profitability by FY26, despite past challenges stemming from the downturn in the edtech sector.

Rise in active mobile users indicates tariff hike absorption

THE INDUSTRY-WIDE addition of 6.8 million active users in October 2024 suggests that the industry has more or less absorbed the tariff hikes taken in July this year, experts said, analysing the latest telecom subscriber data released by the Telecom Regulatory Authority of India (Trai).

Ola enters grocery delivery biz again

BHAVISH AGGARWAL-LED OLA has announced its entry into the quick delivery space for groceries with \"Ola Grocery\". In a social media post, the firm said the service is live across India.

IndiQube files draft papers for ₹850-cr IPO

BENGALURU-BASED INDIQUBE, which provides co-working and managed office spaces, has filed its draft papers with the regulator for an initial public offering to raise ₹850 crore.

inDrive eyes last-mile delivery

• Plans to leverage logistics expertise