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Companies

The lender's advances increased by 13.96 per cent Y-o-Y to Rs 82,842 crore, while deposits grew by 15.75 per cent Y-o-Y to Rs 99,155 crore as of the end of December 2024

Updated On: 02 Jan 2025 | 12:08 AM IST

In July last year, Vistara became the first Indian airline to provide Wi-Fi services on international flights. Vistara was merged into Air India in November

Updated On: 01 Jan 2025 | 11:30 PM IST

N Chandrasekaran, chairman, Tata Sons, started his letter describing 2024 as 'another unpredictable year'

Updated On: 01 Jan 2025 | 11:08 PM IST

Rikant Pittie will oversee the company's strategic initiatives, drive innovation, and enhance customer experiences to further strengthen EaseMyTrip's position in the industry

Updated On: 01 Jan 2025 | 10:25 PM IST

According to a regulatory filing with BSE, the agreement was signed on December 31, 2024, with the transaction expected to be completed by January 31, 2025

Updated On: 01 Jan 2025 | 9:54 PM IST

"This repayment will bolster Sasan Power's debt coverage metrics, improve liquidity, and enhance its credit rating," the company stated in its press release

Updated On: 01 Jan 2025 | 6:31 PM IST

The quick commerce industry will reach a stage in 2025 where it will be comparable to traditional e-commerce giants like Amazon and Flipkart, Zepto co-founder and CEO Aadit Palicha has asserted. In a LinkedIn post on New Year's Eve, he said Zepto last year announced that 2024 will be the year people realise that quick commerce has the potential to create an Amazon/Flipkart level outcome in India and outlined three key forecasts for the new year. "In 2025, Quick Commerce will actually start hitting a scale where it will become comparable to e-commerce," he wrote. IPO-headed Zepto reported a 120 per cent increase in operating revenue to Rs 4,454 crore in FY24, surpassing competitors like Swiggy's Instamart and Zomato's Blinkit. Emphasising that success in quick commerce will hinge on "exceptional execution", Palicha said it will be challenging for every single player to deliver that level of execution. "In 2025, the fundamentals of Quick Commerce will evolve dramatically. The custom

Updated On: 01 Jan 2025 | 2:58 PM IST

India Cements Ltd, now a subsidiary of UltraTech, has announced the appointment of new leadership for the company, following the exit of its former promoters including N Srinivasan as Managing Director & CEO from the South-based cement maker. The board of India Cements Ltd (ICL) has approved the appointment of Suresh Vasant Patil as CEO and Krishnagopal Ladsaria as CFO, the company said in a regulatory filing. Both the appointments are with effect from Wednesday, it added. Patil, who joined the Aditya Birla conglomerate as a Management Trainee in 1988, has over 35 years of work experience. Currently, he heads the Ready-Mix Concrete, and Building Product Division at UltraTech. While Ladsaria, in his immediate previous role, was the Chief Financial Officer at Century Enka, a listed Aditya Birla conglomerate Company. Last week, the flagship firm of Aditya Birla group announced the completion of the acquisition of the promoters' 32.72 per cent stake in ICL. Following this, UltraTech'

Updated On: 01 Jan 2025 | 12:10 PM IST

Economy

Both new and completed project values as of December 2024 remain below pre-pandemic levels seen in 2019

Updated On: 02 Jan 2025 | 12:32 AM IST

The gross GST collection - the amount before adjusting for refunds - rose by 7.3 per cent in December to Rs 1.76 trillion

Updated On: 02 Jan 2025 | 12:19 AM IST

The CBIC emphasised that transactions involving vouchers themselves, irrespective of their type, do not constitute the supply of goods or services

Updated On: 01 Jan 2025 | 10:53 PM IST

Finance

The currency hit a new closing low of 85.65 in the first trading session of 2025

Updated On: 02 Jan 2025 | 12:42 AM IST

The company began microfinance activities in 2006 and was registered with the RBI as an NBFC-MFI in September 2013

Updated On: 02 Jan 2025 | 12:03 AM IST

Retail credit growth also slowed to 16.3% due to a decline in personal loans, credit card outstanding, and vehicle loans

Updated On: 02 Jan 2025 | 12:01 AM IST

The equity market showed remarkable strength, with the Sensex delivering 8.7 per cent year-to-date, while the mid-cap and small-cap indices returned 26.7 per cent and 30.6 per cent, respectively

Updated On: 01 Jan 2025 | 11:39 PM IST

Accel earned a 35x gain on its investment in Swiggy's initial public offering (IPO), marking one of the biggest gains for the Silicon Valley fund

Updated On: 01 Jan 2025 | 10:31 PM IST

The central bank is facing challenges on the currency front, which has been under pressure in the last few months

Updated On: 01 Jan 2025 | 8:57 PM IST

Opinion

To achieve Viksit Bharat, India must tackle slowing growth and global headwinds

Updated On: 02 Jan 2025 | 12:00 AM IST

Balancing security and diplomacy, India navigates Quad, Asean, and Brics dynamics

Updated On: 01 Jan 2025 | 11:34 PM IST

Viksit Bharat by 2047 requires bridging rural telecom gaps and boosting digital growth

Updated On: 01 Jan 2025 | 11:33 PM IST

Increasing popularity needs to be debated

Updated On: 01 Jan 2025 | 11:14 PM IST

Markets

For indices that serve as primary benchmarks for active schemes, the AUM of these active schemes will also be included

Updated On: 01 Jan 2025 | 11:56 PM IST

For the nine-month period (April to December 2024), 1.04 lakh units were registered. This was 9 per cent more on a Y-o-Y basis and was valued at Rs 1.56 trillion

Updated On: 01 Jan 2025 | 11:55 PM IST

Markets are expected to remain subdued at the beginning of 2025, facing headwinds from expensive valuations, structural issues in domestic consumption demand

Updated On: 01 Jan 2025 | 11:43 PM IST

Sebi had first issued the circular in July 2024 where it had directed stock brokers with more than 50,000 active unique client codes (UCCs) to comply from January 1, 2025

Updated On: 01 Jan 2025 | 8:13 PM IST

The measures aim to simplify compliance and streamline disclosure requirements by integrating periodic filings under two broad categories: governance and financial

Updated On: 01 Jan 2025 | 7:59 PM IST

Education

Enrolment in schools across India fell by 37 lakh in 2023-24 as compared to the previous year, Ministry of Education's UDISE data showed. The Unified District Information System for Education (UDISE) Plus is a data aggregation platform maintained by the education ministry to collate school education data from across the country. While the number of enrolled students in 2022-23 was 25.17 crore, the figures for 2023-24 stood at 24.80 crore. The number of girl students dropped by 16 lakh during the period under review, while the number of boy students fell by 21 lakh. The representation of minorities in total enrolment stood at around 20 per cent. Among the minorities, 79.6 per cent were Muslims, 10 per cent Christians, 6.9 per cent Sikhs, 2.2 per cent Buddhists, 1.3 per cent Jains, and 0.1 per cent Parsis. At the national level, 26.9 per cent students registered in UDISE+ were from the general category, 18 per cent from Scheduled Caste, 9.9 per cent from Scheduled Tribe, and 45.2 pe

Updated On: 02 Jan 2025 | 12:24 AM IST

India News

India's power consumption rose nearly 6 per cent to 130.40 billion units (BU) in December as compared to the year-ago month. In December 2023, power consumption was 123.17 BU, as per government data. The highest supply in a day (peak power demand met) also rose to 224.16 GW in December 2024 from 213.62 GW in the year-ago period. The peak power demand touched an all-time high of about 250 GW in May 2024. The previous all-time high peak power demand of 243.27 GW was recorded in September 2023. Earlier this year, the power ministry projected a peak power demand of 235 GW during the day and 225 GW during evening hours for May 2024 while 240 GW during daytime and 235 GW in the evening hours for June 2024. The ministry had also estimated that peak power demand may hit 260 GW in the summer of 2024. According to government estimates, peak power demand is expected to touch 270 GW in the summer of 2025. Experts opined that power demand as well as consumption showed an improvement last mo

Updated On: 02 Jan 2025 | 12:02 AM IST

The annual mean temperature in 2024 was 25.75 degrees Celsius, 0.65 degrees above the long-period average, making it the highest recorded since 1901

Updated On: 01 Jan 2025 | 11:37 PM IST

Industry

It all began five years before the dawn of 2000, when mobile phone service entered India

Updated On: 02 Jan 2025 | 12:46 AM IST

Industry expects 2025 growth across segments in low to mid-single digits

Updated On: 02 Jan 2025 | 12:22 AM IST

India's export of organic products is regulated under the NPOP, which has been in effect since 2001 and is administered by the Department of Commerce, Ministry of Commerce and Industry

Updated On: 02 Jan 2025 | 12:12 AM IST

Chouhan says NCEL enters into agreement with Indonesia to supply 1 million tonnes of non-basmati white rice

Updated On: 02 Jan 2025 | 12:09 AM IST

In budget recommendations, FISME emphasised that SMA framework should go beyond merely identifying stressed accounts and halting banking operations to include guidelines for reviving these accounts

Updated On: 02 Jan 2025 | 12:08 AM IST

By partnering with private agencies, the NSO seeks to tap into additional expertise and resources, enabling more efficient survey execution

Updated On: 02 Jan 2025 | 12:06 AM IST

ITC's spunoff unit to remain part of Sensex, Nifty for 3 days post-listing to help index funds navigate change

Updated On: 01 Jan 2025 | 11:48 PM IST

While Swiggy Instamart recorded its largest order of Rs 70,325 from a user in central Goa, Blinkit reported an order worth Rs 64,988 from a Kolkata user

Updated On: 01 Jan 2025 | 11:26 PM IST

Amid the shifting sands of geopolitics, Russia remained India's top crude oil supplier accounting for 35 to 40 per cent of total imports

Updated On: 01 Jan 2025 | 11:15 PM IST

Experts say stringent terms could make industry apprehensive

Updated On: 01 Jan 2025 | 11:10 PM IST

Annual PV sales growth stands at about 4.7 per cent

Updated On: 01 Jan 2025 | 10:23 PM IST

Book

Siddharth Kapila's debut book explores faith, memory, and human connections along the sacred Ganga

Updated On: 01 Jan 2025 | 11:04 PM IST

World News

The space firm founded by Amazon's Jeff Bezos has a powerful rocket called New Glenn that may at last get off the ground in 2025

Updated On: 02 Jan 2025 | 12:05 AM IST

Putin's instructions were published on the Kremlin's website on Wednesday, three weeks after he announced that Russia would team up with Brics partners and other countries to develop AI

Updated On: 01 Jan 2025 | 11:45 PM IST

Ten people were killed and 30 injured when a vehicle drove into a crowd on New Orleans' famed Canal and Bourbon Street in the first hours of New Year's Day, according to NOLA Ready, the city's emergency preparedness agency. New Orleans police earlier said they were responding to a mass casualty incident, including fatalities. NOLA Ready advised people to stay away from the area.

Updated On: 01 Jan 2025 | 5:53 PM IST

Gazprom has cited the non-renewal of agreement, which expired on January 1, as the reason for suspension

Updated On: 01 Jan 2025 | 1:05 PM IST

External Affairs Defence Security

In order to give impetus to the ongoing and future reforms, it was unanimously decided to observe 2025 as the 'Year of Reforms' in the MoD

Updated On: 01 Jan 2025 | 11:06 PM IST