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SECI weighs criminal action against Reliance Power over fake bid documents

SECI said on Wednesday that the bank guarantee submitted by the unit, Reliance NU BESS, was also fake

Govt to probe e-scooter maker Ola Electric over service, product standards

Last month, the Central Consumer Protection Authority sent Ola Electric seeking an explanation after the consumer rights agency received an unusually high 10,000 complaints

Foreign investors sell nearly $1 bn of JPM index-linked govt bonds in Nov

For the first 10 months of 2024, foreigners bought Rs 1.18 trillion of bonds, driven by India's inclusion in the JPMorgan index on June 28

Eicher Motors up 8%; Royal Enfield rides past 'toughest phase': Analysts

Eicher's stock rose more than 8.3 per cent and was the top gainer on the Nifty auto index, which was up about 1 per cent

HAL Q2FY25 results: Net profit jumps 22.1% on defence aircraft demand

HAL had secured an engine manufacturing contract worth 260 billion rupees for the Indian Air Force during the reported quarter

Air taxi startup ePlane Co raises $14 million; eyes testing in mid-2025

The global air taxi market was valued at $2.3 billion in 2023 and is projected to be worth $14 billion by end-2032, a study by Global Market Insights showed

India bond yields marginally higher, traders await debt supply via auction

Investors now see an 83 per cent chance of a December rate cut, up from 59 per cent a day ago, and 70 per cent a week ago, according to the CME FedWatch tool

Cross-border challenges widen wealth gap between Europe, US: IMF study

If trade barriers between EU countries were lowered to the level that existed between US states, it would boost European productivity by seven percentage points

Taiwan central bank chief doubts Trump may penalise nation for chip biz

Taking lawmaker questions, Taiwan central bank governor Yang Chin-long said that the semiconductors and other tech products manufactured on the island are materials of such strategic importance

Trump's Treasury pick: Lutnick now likely top contender alongside Bessent

While the sources said the race seemed to have narrowed to the two for now, it is possible that other serious contenders could emerge as Trump ultimately decides who he wants

US Senate Republicans pick insider John Thune as their next leader

Thune, 63, is seen as an even-tempered institutionalist and seasoned legislator who has close relationships with many of his fellow Republicans

India's Adani Group to invest $10 billion in US energy following Trump win

The billionaire announced the investment, with no specific timeline, while congratulating U.S. President-elect Donald Trump on his election win

How Elon Musk's US govt efficiency panel might work to save $2 trillion

Here is how this new panel, which will be headed up by Musk, the world's richest person, and former Republican Presidential candidate Vivek Ramaswamy, might work

Biden meets Donald Trump at White House, both pledge smooth transition

In a brief meeting, the two leaders assured the nation of a peaceful transition of power on January 20 next year

Global luxury sales to fall 2% in 2024, among weakest years on record: Bain

"This is the first time the personal luxury goods industry has declined since the 2008-09 crisis, with the exception of the pandemic," Bain partner Federica Levato told Reuters

President-elect Trump in Washington to meet Biden, fellow Republicans

Biden and Trump have sharply criticized each other for years, and their respective teams hold vastly different positions on policies from climate change to Russia to trade

US Oct retail inflation modestly up, may result in fewer interest rate cuts

The consumer price index rose 0.2% for the fourth straight month, the Labor Department said on Wednesday. In the 12 months through October

Bayer CropScience Q2 results: PAT falls to Rs 136 cr on pricing pressure

The company reported a consolidated profit of 1.36 billion rupees ($16.1 million) for the three months ended Sept. 30, compared to 2.23 billion rupees a year earlier

Sebi proposes to double minimum net worth requirement for custodians

Assets under their custody jumped to Rs 278.5 trillion by September 2024 from Rs 2.7 trillion in 2002

Prosus plans to list Indian digital payments, lending firm 'PayU' in 2025

PayU has had plans to list since late 2023, at a $5 billion to $7 billion valuation. It recently emerged from a 15-month regulatory ban on enlisting new merchants