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Aditya Birla Fashion and Retail (ABFRL) on Wednesday said its board has approved raising $500 million (about ₹4,320 crore) through a mix of preferential issuance and Qualified Institutional Placement (QIP) to reduce debt and accelerate its growth plans.

President-elect Donald Trump said he would create an “External Revenue Service” tasked with collecting tariffs on foreign imports, the latest indication that the Republican aims to carry out his promises for sweeping trade levies when he retakes office.

Home prices soared during the pandemic housing boom, but it could be another four years before they return to those levels, say economists.

Indian Army will need to equip itself with new age technologies and tactics to remain ahead of the adversaries, Chief of Defence Staff Gen Anil Chauhan said on Wednesday. In a message on the occasion of the Army Day, Gen Chauhan said «indomitable» spirit and professionalism define the force and described it as an institution that stands as the bedrock of India's security and unity.

Bengaluru South MP Tejasvi Surya on Wednesday met with External Affairs Minister S Jaishankar with traditional Mysore Pak sweets and expressed gratitude to the government for facilitating the consulate in Bengaluru. Bengaluru had been demanding a US Consulate for long with the state giver and the BJP MP following up on the demand. During Prime Minister Narendra Modi’s visit to the US in June 2023, it was announced that the US will open two new consulates in Bengaluru and Ahmedabad, and India would establish a mission in Seattle.

Bigg Boss 18 finale is just days away, with the final episode set to air on January 19. The season, filled with drama, controversies, and unexpected turns, has kept viewers on the edge of their seats. Among the standout moments this week was contestant Rajat Dalal addressing serious allegations against him during a media press conference inside the house.

Quick commerce platform Zepto's annualised gross order value (GOV) has touched $3 billion (around Rs 24,500 crore) in January, up from $1 billion about eight months ago, chief executive Aadit Palicha announced on LinkedIn.

banking system by announcing daily variable rate repo (VRR) operations, which would accompany the up to $3-billion worth of dollar-rupee buy-sell swaps conducted since Friday, as Mint Road seeks to restrain short-term interest rates that otherwise threaten to dislocate India’s money markets. The first such VRR auction, starting Thursday, will be for Rs 50,000 crore, and the Reserve Bank of India (RBI) will decide on a further auction amount based on the liquidity conditions for that day, the central bank said in a statement Wednesday evening. A reversal of the auction will take place the next day.

IndiGo has been fined Rs 25 lakh by the Joint Commissioner (Customs), Ludhiana, over a dispute involving additional customs duty on leftover Aviation Turbine Fuel (ATF). The company disclosed this penalty under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements.

Subscribe to enjoy similar stories. OPEC’s overall forecast remains significantly more optimistic than others in the industry. The Organization of the Petroleum Exporting Countries stuck to its oil demand forecast for this year after a series of cuts and projected broadly stable growth into 2026.

Proxy advisory firms are calling on regulators to implement a majority-of-minority voting mechanism for approving promoter remuneration, citing a steady and significant rise in compensation paid to promoters and their families. Voting data reveals how controlling shareholders have used their ownership to approve their own compensation.

Marco Rubio promised on Wednesday to implement President-elect Donald Trump's "America First" vision as secretary of state, vowing in his confirmation hearing that the incoming administration will forge a new path by placing American interests «above all else.»

Chakma Development Foundation of India (CDFI) welcomed the recognition of the Chittagong Hill Tracts (CHTs) region as a “foreign affairs issue” by the Interim Government of Bangladesh.

sugar cooperative body NFCSFL said on Wednesday. Sugar production stood at 151.20 lakh tonne a year ago. Sugar marketing season runs from October to September.

Wells Fargo's profit beat expectations in the fourth quarter powered by a rebound in dealmaking activity and forecast it would earn more from interest payments this year. The bank's shares rose 3.5% to $73.68 in premarket trading on Wednesday.

Subscribe to enjoy similar stories. New Delhi: The commerce ministry is preparing the standard operating procedure (SoP) for data collection to address discrepancies in import data, a top government official said, after mismatches in gold import figures reportedly embarrassed the government. Unprecedented gold imports recorded in November contributed to a record goods trade deficit of $37.8 billion.

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Inox Wind Ltd.(up 5.42%), Ravindra Energy Ltd.(up 5.00%), Energy Development Company Ltd.(up 5.00%), Inox Wind Energy Ltd.(up 3.94%), NTPC Ltd.(up 3.53%), Torrent Power Ltd.(up 3.13%), Power Grid Corporation of India Ltd.(up 2.90%), Adani Green Energy Ltd.(up 2.81%), JSW Energy Ltd.(up 2.50%) and KPI Green Energy Ltd.(up 2.41%) stood among the top gainers.

EID Parry(India)Ltd.(up 2.82%), Sakthi Sugars Ltd.(up 2.28%), Shree Renuka Sugars Ltd.(up 2.20%), Ponni Sugars(Erode)Ltd.(up 2.10%), Bajaj Hindusthan Sugar Ltd.(up 1.83%), Kothari Sugars & Chemicals Ltd.(up 1.25%), Rana Sugars Ltd.(up 0.77%), KM Sugar Mills Ltd.(up 0.52%), Dhampur Sugar Mills Ltd.(up 0.37%) and DCM Shriram Industries Ltd.(up 0.19%) stood among the top gainers.

Budget, set to be presented on February 1, retail investors and industry stakeholders are hopeful of consumer relief and market-friendly reforms. Anticipation is building around potential tax breaks for lower-income groups and adjustments to capital gains taxes — measures that experts believe could boost consumption, revive urban demand, and reinvigorate the stock market. Shripal Shah, MD & CEO of Kotak Securities, highlighted key measures that could shape the economic and market landscape. “The upcoming Budget holds promise for retail investors, particularly with expectations of tax relief in the lower income slabs. If the government reduces tax rates for smaller taxpayers, it could lead to higher disposable income in the hands of the common man,” Shah said.