CATEGORIES

Begins 2-year non-permanent UNSC tenure

Pakistan began its two-year tenure as a non-permanent member of the United Nations Security Council (UNSC) on Wednesday, with Ambassador Munir Akram saying that the Pakistani delegation will play an \"active and constructive\" role in addressing key challenges facing the world.

ECB Hopes to Hit 2% Inflation Target in 2025, Says Lagarde

The European Central Bank's (ECB) 2% inflation target is in sight, according to President Christine Lagarde.

Mubadala pips PIF as top spender globally

ABU DHABI'S MUBADALA Investment was the world's most active sovereign wealth fund last year as it ramped up deal-making across everything from private credit to artificial intelligence (AI).

Pakistan's inflation hits 81-month low of 4.1% in Dec

Path Towards Economic Recovery

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.

Israeli forces strike Gaza city suburb

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.

Russia and Ukraine cease five decades of gas transit to EU

• Ukraine to give up long-held strategic position

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.

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.

Indices Begin 2025 on a High

• FPIs continue selling spree

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.

Banks' loan growth drops for fifth straight month in Nov

Banks' credit growth moderated for the fifth straight month in November, driven by a slowdown in unsecured and personal loan segments, data released by the Reserve Bank of India (RBI) showed.

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

ACCEL HAS RAISED $650 million (₹5,500 crore) for its eighth India fund, according to the US Securities and Exchange Commission filings, seen by FE.

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.

Q-comm delivers record sales on New Year's Eve

Quick Commerce Firms

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.

AI 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

Electronics Sector Seeks Cut in Duties, Tariff Slabs

Run-Up to the Budget

India & Pak share list of nuclear units

INDIA AND PAKISTAN on Wednesday exchanged a list of their nuclear installations under a bilateral pact that prohibits the two sides from attacking each other's atomic facilities.

BJP Planning To Demolish Temples In Delhi: Atishi

DELHI CHIEF MINISTER Atishi accused the BJP on Wednesday of planning to demolish Hindu temples and a Buddhist site in various areas of the city, even as the saffron party refuted the charge, alleging that she is trying to \"disturb\" communal harmony by making such a statement.

UP minister and Apna Dal leader 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.

18 Former MoS, 12 Ex-MPs Still Have Security

Audit Finds No Security Review Done in a Long Time

TMC Committed to Service Over Power

THE TMC on Wednesday observed its 28th foundation day, with party supremo and West Bengal chief minister Mamata Banerjee asserting that after over two decades of protests, victories, and challenges, the party's core belief remains that politics is not about power but about service to people.

Bangladesh rewrites textbooks on 1971 liberation war: Report

TEXTBOOKS IN BANGLADESH will now state that Ziaur Rahman—not ‘Bangabandhu’ Sheikh Mujibur Rahman—declared the country's independence in 1971, The Daily Star reported on Wednesday.

Two crop insurance schemes to run till FY26

• Total allocations for PMFBY & RWBCIS for FY22-26 raised to ₹69,515 crore

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.