CATEGORIES

SMFG India Credit receives ₹3,000 crore from parent

JAPANESE MAJOR SUMITOMO Mitsui Financial Group announced on Thursday that it has infused ₹3,000 crore into its Indian NBFC subsidiary, SMFG India Credit Company, via rights issue.

Lenders disburse loans worth ₹27K cr through ULI

BANKS AND NBFCS disbursed more than 600,000 loans amounting to ₹27,000 crore using Unified Lending Interface (ULI) as on December 6.

Banks' bad loan ratio at 13-yr low on higher recoveries

REDUCTION IN GNPAs, LOWER SLIPPAGES

HC stays Religare AGM, RBI's nod for open offer

IN A SETBACK to the Burman family, the Madhya Pradesh High Court has stayed the approval granted by the Reserve Bank of India (RBI) for making an open offer to acquire an additional 26% stake in Religare Enterprises as well as the company's annual general meeting (AGM) scheduled for December 31.

NBFCs Maintain Double-Digit Credit Growth Last Fiscal

Loans and advances by non-banking financial companies (NBFCs) grew 18.5% in FY24, primarily driven by upper-layer NBFCs, according to the Reserve Bank of India's report on trend and progress, released on Thursday.

IndusInd plans to sell ₹1,500-crore bad loans to ARCs

INDUSIND BANK PLANS to sell nearly ₹1,500 crore worth of bad loans, including more than 1 million micro loans with a ticket size anywhere between ₹5,000 and ₹40,000, to asset reconstruction companies (ARCs), in a bid to arrest deterioration in its asset quality.

Housing sales volume may fall 4%

HOUSING SALES ARE estimated to fall 4% this year in seven major cities to nearly 0.46 million units on lower launches, while sales in value terms are up 16% at ₹5.68 lakh crore.

Jubilant Foods inks deal with Coca-Cola

JUBILANT FOOD (JFL) on Thursday said it has signed an MoU with Coca-Cola company to buy sparkling drinks and other products from the beverages major.

Demand shift pushes small cars to oblivion

High Prices A Major Speed-Breaker

Tata Sons chief sees a golden age for manufacturing

WITH GLOBAL SUPPLY chains increasingly tilting in India's favour, the manufacturing sector is poised for a transformative era, Tata Sons' chairman N Chandrasekaran said on Thursday in his New Year message to employees.

Slew of laws likely to fix insolvency

PAST YEAR SAW A SLOWING OF RESOLUTION PACE, SUPREME COURT INTERVENTION

Tech landscape: AI regulation, chip push to take centre stage

FINALISATION OF ELECTRONICS COMPONENTS SCHEME ON THE CARDS

Gujarat traders demand cut in cotton MSP

Amid declining cotton exports and rising imports, cotton traders and associations in Gujarat are urging the government to reduce the minimum support price (MSP) for cotton.

Fadnavis Unveils Good Governance Index

The progress of a state depends on 'ease of living', and this is being prioritised by the Maharashtra government, chief minister Devendra Fadnavis said on Thursday.

Adani, IRB among bidders for NHAI assets

Adani Road Transport and IRB Infrastructure are learnt to be among the four firms that have bid to acquire the operational highway projects of National Highways Authority of India (NHAI) under the Toll Operate Transfer (TOT) model for monetisation.

Anti-dumping probe into LNG vessels from China

India's Trade Defence body has started an anti-dumping investigation into import of liquefied natural gas (LNG) fuel tanks used in trucks and other vehicles from China.

Monetary policy, structural factors too behind slowdown

\"Credit slowed a little too much and quickly in FY25\"

A year where audit integrity took centre stage

2024 saw fresh disputes between NFRA & ICAI, stern action on Big Four

Rice exports surge after curbs eased

SHARP SPIKE

Exporters seek special support for US markets

Sops to enable additional exports of $25-bn in 3 years

Quick, quicker, quickest...

The q-comm opportunity is pegged at $40 bn by 2030, up from $6 bn in 2024

At the G, India up against Head-strong Australia

● In-form batter declared fit for Boxing Day Test

Prosperity through cooperation

Marking its official launch recently in New Delhi, attended by global leaders and representatives of the United Nations, Prime Minister Narendra Modi highlighted the importance of these grassroots business enterprises, mostly owned by their members, saying cooperatives are the vital cog in India's economic wheels of progress, in delivering benefits to the poor, and that the sector serves as a glue for the Global South.

Prosperity through cooperation

WITH RISING DEMAND of premium workspaces, real estate consultant Anarock has said that realty firms are currently developing around 250 lakh square feet of office space across major cities for catering to the requirements of domestic and foreign companies.

The Angry Young Man

impact on auto sector

Azerbaijan Airlines plane crashes in Kazakhstan, many feared dead

AN EMBRAER PASSENGER jet flying from Azerbaijan to Russia crashed near the city of Aktau in Kazakhstan on Wednesday with 62 passengers and five crew on board, Kazakh authorities announced, saying 32 survivors had been rescued.

Honda-Nissan deal may hold key to fight against BYD

HONDA MOTOR ABSORBING Nissan Motor could give the two struggling Japanese brands the scale they need to take on China's BYD, sales figures released on Wednesday show.

Yoon Defies Second Agency Summons Over Martial Law

SOUTH KOREA'S SUSPENDED President Yoon Suk Yeol did not respond on Wednesday to a second summons by anti-corruption authorities who, along with prosecutors, are investigating his short-lived martial law decree issued early this month.

China Avoids Rate Cut to Brace for Future Pressure

CHINA REFRAINED FROM cutting the interest rate and drained the most cash since 2014 with a one-year policy tool, keeping its powder dry ahead of possible escalation in trade tensions with the US next year.

'2025 will be the year of small language models'

Mohammed Rafee Tarafdar, chief technology officer (CTO), Infosys, says that in recent times, several small language models for India-specific needs have been launched and with the growing developer base, \"we should see a lot more GenAI applications implemented for Indian and global markets.\"