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NEWS

Overseas claims on India’s financial assets down $19.8 bn at $348.5 bn in Q2 FY25

02 Jan 2025

Net claims of non-residents on India declined by $19.8 billion to $348.5 billion during fiscal second quarter ended 30 September 2024

India’s current account deficit eases despite ballooning merchandise trade deficit

02 Jan 2025

India’s current account deficit (CAD) showed a modest decline to $11.2 billion (1.2 per cent of GDP) in the second quarter of the current financial year (2024-25)

Nippon Steel awaits Joe Biden’s approval for US Steel acquisition

01 Jan 2025

Nippon Steel Corporation has said its proposed acquisition of US steel is awaiting President Joe Biden’s approval.

Russian gas supply to Europe via Ukraine halts as transit deal ends

01 Jan 2025

Russia has been forced to halt gas supplies to Europe as a five-year gas transit deal with Ukraine expired on 1 January 2025 and Kiev refused to extend it any further.

Core sector industrial production in India up 4.3% in November

01 Jan 2025

Core sector industrial production in India, based on the combined index of eight core industries, increased by 4.3 per cent in November 2024 compared to November 2023

RBI’s financial stability report warns banks against masking bad assets

31 Dec 2024

Reserve Bank of India (RBI) in its latest Financial Stability Report has flagged concern over the tendency among banks to mask their gross non-performing assets

Lack of response forces govt to call off 4th round auction of critical mineral blocks

31 Dec 2024

Government of India has cancelled the fourth round auction of mining blocks involving critical minerals dueto poor response.

Isro successfully launches SpaDeX mission for novel docking of 2 satellites in space

31 Dec 2024

Indian Space Research Organisation (Isro) in its year-end mission, on 30 December 2024, carried out a rare docking mission involving the spent fourth stage of its Polar Satellite

Adani Enterprises to exit Adani Wilmar, sell entire 43.94% stake

31 Dec 2024

Adani Enterprises Ltd (AEL) is exiting its joint venture Adani Wilmar Ltd (AWL) by selling its entire 43.94 per cent equity stake.

DST collaborates with AICTE to launch undergraduate courses in quantum studies

29 Dec 2024

The Department of Science and Technology (DST) in collaboration with the All India Council for Technical Education (AICTE) has introduced undergraduate courses in quantum studies

JSW Neo Energy to acquire O2 Power for Rs12,468 crore

29 Dec 2024

JSW Neo Energy Limited, the renewable energy arm of JSW Energy Ltd will acquire O2 Power Pooling Pte Ltd, a 4,696 MW renewable energy platform, for an enterprise value of Rs12,468 crore ($1.47 billion).

OpenAI to evolve into a for-profit company

28 Dec 2024

OpenAI, the harbinger of the open architecture Artificial Intelligence (AI) revolution, on Friday announced plans to create a public benefit corporation to oversee commercial operations as it evolves into a for-profit company.