CATEGORIES

Biden blocks US Steel takeover bid by Nippon

PRESIDENT JOE BIDEN has blocked the $14.1-billion sale of United States Steel to Nippon Steel, killing a high-profile deal that sparked a political firestorm and tensions between the US and Japan.

Boeing Still Needs Culture Change: FAA

A year after a panel blew out of a Boeing 737 Max during flight, the nation's top aviation regulator says the company needs \"a fundamental cultural shift\" to put safety and quality above profits.

US car sales get boost

SOUTH KOREA'S HYUNDAI Motor Co and affiliate Kia Corp aim to grow their combined global sales by 2% to 7.39 million vehicles in 2025, after reporting a dip in 2024 sales and missing their targets.

China's central bank likely to cut rates this year

CHINA'S CENTRAL BANK said it is likely to cut interest rates from the current level of 1.5% \"at an appropriate time\" in 2025, the Financial Times reported on Friday citing comments the bank made to the newspaper.

Forex reserves drop to eight-month low

The reserves fell by $4.1 bn in the week ended Dec 27, after falling by a cumulative $13.7 bn in the prior three weeks

Kotak Bank's Nagnur Steps Down as COO, CTO

KOTAK MAHINDRA BANK'S chief operating officer (COO) and chief technology officer (CTO) Milind Nagnur has stepped down due to personal reasons, the bank said in an exchange filing on Friday.

Weakening Rupee Will Benefit Export-Oriented Firms: Mobius

WHILE A WEAKENING rupee is a dampener for foreign investment inflows into India, export-oriented companies could benefit from the fall in the local currency, as they become more competitive against China, Mark Mobius, chairman of Mobius Emerging Opportunities Fund, said on Friday.

Banks post strong growth in advances, deposits in Q3

Starting the new year on a positive note, Bank of Baroda, Bank of India, Yes Bank, and IDFC First Bank reported strong growth in advances and deposits in Q3.

JM Fin gets Sebi warning over lapses; stock falls

The Securities and Exchange Board of India (Sebi) has issued JM Financial an administrative warning over regulatory non-compliance during the initial public offering (IPO) of its client, Western Carrier (India).

Bajaj Housing Finance stock may drop 21%: Kotak report

Initiates coverage with 'sell' rating; target price at ₹100

Unlisted shares on a high with rising investor interest

WITH INTEREST IN the unlisted space growing, several smaller firms are deploying innovative ways to tap small investors.

Papa John's Plans India Re-entry After Delays

US PIZZA CHAIN Papa John's International plans to make its return to the Indian market in 2025, a year later than planned, while many Western brands rethink their plans as inflation hits consumer spending.

After Quitting as Easy Trip CEO, Pitti Says No Further Stake Sale

NISHANT PITTI, who stepped down as the CEO of Easy Trip Planners on January 1, has said that he will not be selling any more stake in the company.

DigiLocker glitch sparks backup demand

THE DIGILOCKER OUTAGE, which disrupted e-KYC processes for fintech firms, brokers, and other businesses, has led to calls from companies and tech experts to improve the resilience of digital public infrastructure (DPI) to avoid similar issues in the future.

Zomato & Swiggy May Continue ₹10 Fee After Festivities

Zomato and Swiggy are likely to continue charging customers the increased platform fee of ₹10 per order even after the festive season ends, sources aware of the matter told FE.

Zomato & Swiggy may continue ₹10 fee after festivities

Zomato and Swiggy are likely to continue charging customers the increased platform fee of ₹10 per order even after the festive season ends, sources aware of the matter told FE.

Tata Elxsi joins Qualcomm for future mobility

TATA ELXSI PLANS to collaborate with Qualcomm Technologies to develop and leverage virtual models of Snapdragon Digital Chassis solutions for cloud-native application development.

India's Smartphone Market to Hit $50-bn Milestone in 2025

The country's smartphone market is expected to cross $50 billion (₹4.3 lakh crore) in value in 2025, according to Counterpoint Research.

Weak demand to keep revenue growth of FMCG firms muted

Analysts see slower volume growth from weak urban demand

GenAI Intensifies Pricing Pressure on IT Sector

The rapid adoption of generative AI (GenAI) is reshaping spending patterns in the IT services industry; however, this technological shift is intensifying pricing pressures for providers.

Vande Bharat sleeper trains set for May launch

WITH SUCCESSFUL TRIALS of the Vande Bharat sleeper trains at a peak speed of 180 kmph, the railways is gearing up to upgrade its premium long-distance passenger services.

MSP Paddy Purchases Cross Last Year's Level

DESPITE A SLUGGISH commencement of procurement caused by storage crunch in Punjab, the government's paddy procurement for the 2024-25 season (October-September) has surpassed 48.3 million tonne (MT), slightly higher than last year.

Govt boosts gas supplies to CGD firms, stocks rise

SHARE PRICES OF City Gas Distribution (CGD) companies, including Indraprastha Gas, Mahanagar Gas, and Gujarat Gas, surged by up to 6% on Friday, recovering from intraday lows.

CPSE dividend receipts at 86% of FY25 target

Dividends likely to exceed the Budget target by a decent margin

Major infra, slum redevelopment plans for Mumbai North in 2025

UNION MINISTER PIYUSH Goyal has said slum redevelopment, and fast-tracking key projects like road and railway line extensions, are among the major initiatives planned this year to significantly transform the urban landscape of his Lok Sabha constituency.

EVs don't need additional subsidies

● Industry demands infrastructure status for battery charging facilities

Import of oil from Russia falls 13% in Dec

INDIA'S IMPORT OF Russian crude oil declined by 13.2% to 1.39 million barrels per day in December against 1.61 million barrels per day in November, data from Vortexa showed.

India looking for deep ties with Trump govt: Goyal

GOODS AND SERVICES EXPORTS TO CROSS $800 BN THIS FISCAL: MINISTER

Govt open to make it easier for startups to return to India

THE GOVERNMENT IS open to ideas to make it easier for startups that have migrated overseas to return, commerce and industry minister Piyush Goyal said on Friday.

White-collar hiring up 9% in December

Jobs Update