CBC - Business (An hour ago)
The U.S. Supreme Court upheld a ban of social media platform TikTok on Friday. Whether the ban will be enforced is still up in the air, but the Chinese-owned platform is preparing to go dark on Sunday — and Americans who use the app might start to notice some changes.
ReadThe Times of India - Business (2 hours ago)
Nazara Technologies plans to raise Rs 495 crore through a 5.4% stake sale to Axana Estates, co-founded by Arpit Khandelwal and Mithun Sacheti. The funds aim to support Nazara's strategic acquisitions and international expansion. The transaction will also trigger an open offer to acquire an additional 26% stake to meet Sebi regulations.
ReadWall Street Journal - Business (5 hours ago)
Singapore-based Olam Group is close to announcing a deal to sell the remainder of its stake in its agricultural products business to the state-owned Saudi Agricultural and Livestock Investment Company, people familiar with the situation said.
ReadThe Times of India - Business (7 hours ago)
Macrotech Developers filed an IPR suit in the Bombay HC to prevent House of Abhinandan Lodha from using the 'Lodha' trademark in real estate marketing. Macrotech claims it causes confusion and financial loss. Abhinandan Lodha asserts the success and legality of his brand, with a hearing scheduled for Jan 27.
ReadThe Times of India - Business (7 hours ago)
Microsoft CEO Satya Nadella and Alphabet CEO Sundar Pichai were recognized as the most influential global Indians in the HSBC Hurun Global Indians List 2024. Google Cloud CEO Thomas Kurian, YouTube CEO Neal Mohan, and Tesla CFO Vaibhav Taneja followed. The list also highlighted notable young leaders and emphasized the achievements of influential...
ReadThe Times of India - Business (7 hours ago)
Gas consumption in India grew by 11% annually in 2024, causing a rise in LNG imports to meet increasing demand. Sectors such as industry, oil refineries, residential, commercial, and transport saw significant growth. Heatwaves also increased gas use for power generation. This aligns with India's low-carbon economy goals but raises energy security...
ReadThe Times of India - Business (7 hours ago)
Rajeev Chandrasekhar highlights India's leap in electronics manufacturing, with global and domestic brands now designed and manufactured locally. This shift is attributed to the government's move from import substitution to an export-led framework. Key trends include smarter, AI-connected products, India's expanding global value chain presence...
ReadThe Times of India - Business (7 hours ago)
The rupee closed at 86.58 against the dollar, slightly weaker than the previous day, as early gains were erased due to a rebound in the dollar following tariff threats by US President Trump. Most emerging market currencies weakened, with the Mexican peso and Canadian dollar experiencing significant declines.
ReadThe Times of India - Business (7 hours ago)
Sebi is developing a 'when listed' concept for trading shares of companies post-IPO bidding closure to counteract the grey market's influence. This initiative aims to formalize the trading of yet-to-be-listed stocks in a regulated manner. Sebi is also streamlining the IPO submission process using AI tools to handle the anticipated surge in IPO...
ReadThe Times of India - Business (8 hours ago)
Life insurance companies are opposing the exemption of term insurance policies from GST, citing increased costs due to the loss of input tax credit. They propose maintaining a 12% GST rate to offset costs. The decision has been deferred, awaiting feedback from insurance regulator Irdai. Inconsistent implementation could lead to higher premiums and...
ReadThe Times of India - Business (8 hours ago)
Sensex closed 1,235 points lower at 75,838 due to market volatility. Investors were concerned about US President Trump's trade policies and a potential Bank of Japan rate hike. Foreign funds sold stocks worth Rs 5,920 crore, and BSE's market capitalization fell by Rs 7.3 lakh crore. Markets are expected to remain under pressure.
ReadThe Times of India - Business (10 hours ago)
President Donald Trump has warned Brics nations, including India, that any move to replace the US dollar will result in 100% tariffs on trade with the United States. Trump emphasized severe penalties for reducing the dollar's role in global trade. India's external affairs minister reiterated no plans for de-dollarisation.
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