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US stocks fall to close out best two-year stretch since 1998
US STOCKS DECLINED in the final session of the year but still closed out the best two-year run since 1998.
Russia and Ukraine cease five decades of gas transit to EU
• Ukraine to give up long-held strategic position
10 Dead, 30 Injured After Truck Rams Into New Orleans Crowd
A driver crashed his truck into a crowd at high speed in New Orleans' French Quarter in the wee hours of New Year's Day then opened fire, killing at least 10 people and injuring more than 35, city officials and police said.
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.
RPower Rallies as Arm Repays $150 Million to IIFCL, UK
RELIANCE POWER on Wednesday said its arm Sasan Power has made a bullet payment of $150 million to IIFCL, UK, fulfilling its debt obligation on December 31.
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.
Indices begin 2025 on a high
• FPIs continue selling spree
Banks' loan growth drops for fifth straight month in Nov
Credit Watch
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
PRIORITISING INDIA EXPANSION
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.
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.
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.
Q-comm delivers record sales on New Year's Eve
QUICK COMMERCE FIRMS saw their sales soar to unprecedented levels on December 31.
Air India first airline to roll out Wi-Fi on domestic fleet
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.
SUV demand puts Dec PV sales in the fast lane
● Sales hit 4.3 million in 2024, marking 4.8% growth
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.
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.
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.
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.
Two crop insurance schemes to run till FY26
● Total allocations for PMFBY & RWBCIS for FY22-26 raised to ₹69,515 crore
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.
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.
FY25 Tobacco Exports to Top ₹13,000 Cr
Higher yields & prices drive growth; no increase in area under tobacco cultivation
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.
Bajaj Auto topples Ola
TO COUNTER THESE challenges, Ola Electric opened 3,200 new stores in a single day last week, bringing its total network to 4,000 showrooms and service centres nationwide.
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.
Funding worries remain for startup ecosystem
FIRST-TIME FUNDING rounds also declined 40%, highlighting a broader conservative trend among investors.
India Inc's 2025 wish list: A future-ready economy
Agarwal hopes the government will stay on the path of fiscal discipline, ensuring economic stability.