CATEGORIES

Everyone's on edge: Los Angeles braces for fires, evacuations, and damage

As the Los Angeles wildfires rage on, millions of residents are preparing for another week of uncertainty, packing go-bags with vital documents and irreplaceable mementos while keeping watch for evacuation orders.

Apple fights £1.5bn App Store lawsuit in UK antitrust trial

Apple has abused its dominant position by charging app developers an unfair 30 per cent commission through its App Store, costing British consumers up to £1.5 billion ($1.8 billion), a London tribunal heard on Monday.

J&J Set to Acquire Intra-Cellular for $14.6 Billion

Johnson & Johnson said on Monday it will buy neurological drugmaker Intra-Cellular Therapies for $14.6 billion, its biggest deal in at least two years, boosting its presence in the market for brain disease treatments.

'High demand for US visa an opportunity for closer ties'

At a time when the high demand for visas by Indians to travel to the US is seen as a significant issue, US Ambassador to India Eric Garcetti on Monday said that he sees this as an opportunity for closer ties.

Fintechs' Personal Loan Portfolio Falls 10% in Q2: FACE

The growth rate of unsecured personal credit is normalising, with quarterly loan sanction values moderating in the first two quarters of the current financial year (FY25), according to a report by the Fintech Association for Consumer Empowerment (FACE), the only self-regulatory organisation for fintechs (SRO-FT).

Latest sanctions on Russia may cut off access to discounted crude

Govt hopes there will be no shortage, no disruption for 6-8 weeks, say official sources

E-com spend driving use of credit cards in non-metros: Visa

With rising disposable incomes in cities beyond metros, the penetration of credit cards—and consequently, credit card spending—is growing at a much faster pace than in traditional metro cities, primarily driven by e-commerce spending.

Exchange rate stability desirable? Not really, data shows

It remains to be seen whether the RBI will show greater tolerance for exchange rate under Governor Sanjay Malhotra

Net Direct Tax Mopup Rises 16% to ₹16.9 Trillion Until Jan 12

Net direct tax collection surged 15.9 per cent to ₹16.9 trillion between April 1 and January 12 of 2024-25 (FY25), according to the latest data released by the income tax (I-T) department on Monday.

At $1.9 Bn, Fintech Funding Falls For Third Yr In A Row

Funding in India's fintech sector contracted for a third consecutive year, with the sector raising $1.9 billion in 2024, according to data from market intelligence platform Tracxn.

Need tech-savvy forces to protect digital world: FM

India needs to build tech-savvy forces to protect its digital world, which is a catalyst for economic growth, at a time when technology, if misused by vested interests, can threaten the country's financial services and national security, Finance Minister (FM) Nirmala Sitharaman said on Monday.

Retail inflation eases to 4-month low of 5.2% in Dec

But hopes of rate cut in Feb policy meet recede: Experts

Aragen Secures $100 Mn From Quadria

Contract research, development and manufacturing organisation Aragen on Monday said it had secured a $100 million investment from private equity fund Quadria Capital.

PAG buys majority stake in Pravesha for $200 million

PAG, an Asia-Pacific-focused alternate investment firm, has acquired a majority stake in Pravesha Industries, a pharmaceutical packaging company, at an enterprise valuation of $200 million, according to a source close to the development.

New Shop looks to raise $25 mn to accelerate store expansion

New Delhi-headquartered convenience store chain New Shop, which recently acquired its rival Godfrey Phillips India (GPI)-controlled 24Seven, is raising $25 million in fresh funding after bringing on board South Korean investor Redwood Equity Partners in a previously undisclosed deal, people aware of the matter said.

Family row: Kalyani faction drops letter 'bomb'

Kalyani Investments says Hiremaths deliberately suppressed N Vaghul's 2023 letter addressed to them

India Inc's leverage may improve in FY27: Fitch

Benefitting from improving earnings before interest, taxes, depreciation, and amortisation (Ebitda), Indian-rated corporates are likely to see their net leverage ratio decline to 2.7x in the next financial year 2025-26 (FY26) from 3.1x in the year ending March 2025 (FY25).

Hyundai Expects Passenger EV Market To Double In 2 Years

Hyundai Motor India, which is set to launch its Creta Electric SUV at the Bharat Mobility Global Auto Expo, expects the passenger electric vehicles’ volume in India to double in the next two years from around 106,000 units, owing to a series of launches by major original equipment manufacturers in 2025.

HCLTech Q3 net up 5.5%, lower end of revenue forecast raised

Total contract value came in at $2.1 billion; CEO cautions on changes in global biz environment

Sensex sheds 1.4% amid FPI selling

Indian equities plummeted on Monday amid heavy foreign portfolio investor (FPI) selling, driven by concerns about corporate earnings for the December quarter and the latest US jobs report, which signaled fewer rate cuts by the US Federal Reserve.

Crude shock for ₹, markets

₹ worst performer in Asia; logs sharpest single-day decline in 2 years against $

India's Billionaire Promoters' Club Tops 200 Members

Combined wealth hit $1 trn in 2024; net worth of top 2 higher than next 8

Mahakumbh Opens Today With ₹25K Cr Revenue Hope

400 mn may join the 45-day congregation; UP expects ₹2 trn economic spinoff

SpaDeX: Isro moves two satellites as close to 3 metres in a trial attempt

Isro on Sunday said the two satellites launched to perform space docking experiments were brought within three metres and then moved safely back in a trial attempt.

AI's future in India: A journey marked by small wins and bigger gaps

Even as Microsoft Chairman Satya Nadella, who was in India last week, asked India to leverage its mathematical talent to undertake core research in artificial intelligence (AI), the country's aim to become a major player in the global AI sweepstakes faces numerous challenges.

COLLATERAL IMPACT

US sanctions on Russian oil supply chain threaten disruption for Indian refiners. What is the way out?

Are consumers paying exorbitant price for farm products?

Agriculture Minister Shivraj Singh Chouhan recently flagged a gap between prices paid by consumers and those received by farmers. Often, wholesale and consumer food prices are compared to broadly assess this.

What lies ahead in the Year of the Snake?

Will we see a new trend with the sector shedding its skin and transforming itself? Or will the theme of the year remain continuity with change?

An SIF push to deepen the corporate bond market

A nudge to deepen India's corporate bond market is here, with the Securities and Exchange Board of India (Sebi) introducing a new asset class called Specialised Investment Funds (SIFs).

Field agents at a crossroads

The business correspondent channel is sought to be reworked with more offerings being hawked on it, reports RAGHU MOHAN