Discussions to revolve around entrepreneurship, employment and skilling at fourth national conclave Prime Minister Narendra Modi will chair the fourth National Conference of Chief Secretaries from Saturday (December 14, 2024). Organised by the NITI Aayog, the theme of the three-day conference is 'Promoting Entrepreneurship, Employment & Skilling - Leveraging the Demographic Dividend'. The meeting will also see discussions on manufacturing, services, renewable energy and circular economy among o...Read More
The Ministry of Development of Northeastern Region (MDoNER) will host the Northeast Trade and Investment Roadshow in Mumbai on December 16, 2024. Union Minister Jyotiraditya M. Scindia and Chief Ministers from Tripura and Meghalaya will address the event, showcasing investment opportunities across eight Northeastern states.The Ministry of Development of Northeastern Region (MDoNER) is set to host the Northeast Trade and Investment Roadshow in Mumbai on December 16, 2024. The event will be addre...Read More
With the latest inflow, net FPI investment has reached Rs 7,747 crore in 2024 so far, according to data with the depositories. Foreign investors have made a strong comeback to Indian equities with a net investment of Rs 22,766 crore in the first two weeks of December driven by expectations of rate cut by the US Federal Reserve. This revival follows significant outflows in the preceding months, with Foreign Portfolio Investors (FPIs) pulling out a net Rs 21,612 crore in November and a massive Rs...Read More
New Delhi [India], December 15 (ANI): Godrej Agrovet informed stock exchanges that the Gujarat government has allotted area to it in three districts for the expansion of oil palm cultivation under the palm oil mission. Those three districts are Vadodara, Surat, and Tapi, the company informed stock exchanges in a filing late on Saturday. The filing didn't elaborate further details about the allotment of land. Also Read | NBA Cup 2024 Semifinal: Oklahoma City Thunder's Fiery Second Half Downs Ho...Read More
New Delhi [India], December 15 (ANI): Godrej Agrovet informed stock exchanges that the Gujarat government has allotted area to it in three districts for the expansion of oil palm cultivation under the palm oil mission. Those three districts are Vadodara, Surat, and Tapi, the company informed stock exchanges in a filing late on Saturday. The filing didn't elaborate further details about the allotment of land. India is the world's second-largest consumer and number one vegetable oil importer, an...Read More
Mysuru: In a significant display of unity that transcended caste divisions, the doors of the Maramma temple in Marballi village were opened after 11 years, allowing for special rituals to be performed on Friday evening. The temple, located in Jayapura Hobli of Mysuru Taluk, had remained closed for over a decade due to a caste-based dispute that arose from the denial of entry to Dalits. The prolonged controversy resulted in the temple being locked, and no rituals were conducted during this perio...Read More
Samastipur (Bihar), Dec 15 (PTI) The father of Bengaluru techie Atul Subhash, who died by suicide recently, on Sunday called for strict punishment for those who "harassed" his son, asserting that his ashes will not be immersed till justice is served. Subhash, 34, was found hanging in his house at Bengaluru's Munnekolalu on December 9. He left behind lengthy videos and notes, blaming his wife and in-laws for driving him to suicide through "false" cases and "persistent torture". "I thank the Kar...Read More
New Delhi [India], December 15 (ANI): Ministry of Development of North Eastern Region is set to host the Northeast Trade and Investment Roadshow in Mumbai on Monday. The event will be addressed by Jyotiraditya M. Scindia, Union Minister for MDoNER, along with Tripura Chief Minister Manik Saha, Maeghalya Chief Minister Conrad Sangma. Chanchal Kumar, Secretary, MDoNER, and Monalisa Dash, Joint Secretary, MDoNER, will also attend, alongwith senior representatives from various northeast states. T...Read More
New Delhi, Dec 15 (VOICE) The US accounted for 18 per cent of India's total exports in the financial year (FY) 24, as the country's exports to the world's largest economy continuously increased, a report said.Bank of Baroda's report said that India's exports to the US are growing steadily. Its value was $77.5 billion in FY24. India's exports to the US have been growing at a compound annual growth rate (CAGR) of 10.3 per cent over the last 30 years. According to the report, the growth rate of ex...Read More
Mumbai: Fire breaks out at Poonam Chambers in Worli; no injuries reported A fire broke out at Poonam Chambers in Worli, Mumbai, on 15th December 2024. Emergency services mobilised swiftly to control the blaze, which was confined to the second floor. No injuries have been reported. A fire broke out at Poonam Chambers CHS, located opposite Atria Mall on Annie Besant Road, Worli, on the morning of 15th December 2024. The incident was reported at 11:39 AM, with fire and emergency services mobilise...Read More
Bengaluru, December 15: Three accused in Atul Subhash's suicide case -- his wife, her mother and brother -- who were arrested by Bengaluru Police, have been sent to 14-day judicial custody, officials said here on Sunday. A senior police officer said Atul Subhash's wife Nikita Singhania was arrested from Haryana's Gurugram and her mother Nisha Singhania and brother Anurag Singhania were nabbed in Prayagraj, Uttar Pradesh. Nikita Singhania, Wife of Techie Atul Subhash, Her Mother Nisha Singhania ...Read More
New Delhi [India], December 15 (ANI): CareEdge Ratings expects the central government to continue on the path of fiscal consolidation and projects India's GDP growth to moderate but remain healthy at 6.5 per cent in the current financial year. For the next financial year, 2025-26, it pegged India's GDP growth at 6.7 per cent, in a webinar held on Economic and Sector Outlook for 2025. Despite global uncertainties, CareEdge Ratings asserted that India will continue to hold steady in 2025. The R...Read More
Shillong, Dec 15: Meghalaya has secured the second spot in the National Energy Conservation Award for its efforts in promoting energy efficiency, reducing energy consumption, and promoting sustainability. The award, presented by the Bureau of Energy Efficiency (BEE), Union Ministry of Power, recognised the Meghalaya Government's commitment towards protecting the environment through energy-saving initiatives. Vice President Jagdeep Dhankhar and Shripad Naik, Union Minister of State, Ministry of...Read More
New Delhi, Dec 15 (PTI) Mexico, Canada, and 10-nation Southeast Asian bloc ASEAN benefited more from the US-China trade war than India, economic think tank GTRI said in a report. It said that India has to strengthen its local supply chains and produce critical intermediates to reduce reliance on China, while improving cost efficiency and ease of doing business to enhance competitiveness of domestic industries and increase exports to the US. With Donald Trump again becoming the US President, th...Read More
Bengaluru, Dec 15 (VOICE) Three accused in Atul Subhash's suicide case -- his wife, her mother and brother -- who were arrested by Bengaluru Police, have been sent to 14-day judicial custody, officials said here on Sunday.A senior police officer said Atul Subhash's wife Nikita Singhania was arrested from Haryana's Gurugram and her mother Nisha Singhania and brother Anurag Singhania were nabbed in Prayagraj, Uttar Pradesh. The accused persons were produced before the court and were sent to judic...Read More
Temasek-backed StarAgri, a leading post-harvest management services company, has filed its draft red herring prospectus with SEBI for raising ₹450 crore through initial public offering. The IPO will feature a fresh issue of shares worth ₹450 crore and an offer-for-sale of 2.69 crore shares. Among the key stakeholders, Claymore Investments (Mauritius) Pte, a Temasek Holdings subsidiary, will offload 1.19 crore shares, with the remaining shares offered by StarAgri's promoters. The company is a...Read More
Kolkata: Trial runs for Kolkata's first airport-metro link may begin on Monday, Dec 16, sources said. Metro Railway, which is implementing the city's Yellow line, including the first 7 km phase between Noapara and Jai Hind (airport) stations, is chasing a March 2025 deadline to commission the stretch. Before the official trials start on Monday, some pre-trial runs may be conducted on Saturday to ensure that the formal launch of the train run on Monday is glitch-free. "We might take the rake fro...Read More
Sambhal (UP): Amid the ongoing tensions in Uttar Pradesh's Sambhal, the district administration on Sunday launched an anti-encroachment drive to clear public spaces of illegal structures. According to Sambhal SDM Vandana Mishra, the operation aims to address encroachments in public areas and has been actively implemented in Chandauli for the past two months as well. Statement Of Sambhal SDM Vandana Mishra "Anti-encroachment drive is being run against encroachment on public places. This drive ...Read More
NEW DELHI: Heavy rainfall caused widespread flooding in Thoothukudi, Tamil Nadu, and surrounding areas on Sunday. Several neighborhoods experienced significant waterlogging, including Postal Telegram Colony, Rajiv Nagar, Rajagopal Nagar, Bharati Nagar, Amuda Nagar, KVK Nagar, and Asoke Nagar. This flooding follows moderate to heavy rainfall across Thoothukudi and other districts on Friday, including continuous rain in Trichy. The India Meteorological Department (IMD) predicts heavy rain in iso...Read More
New Delhi, December 15: More than 21 crore people have benefited under the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) scheme that provides life insurance coverage, said the Ministry of Finance. The PMJJBY, launched in May 2015 is a term life insurance plan. Under this scheme, in case of death due to any reason, the family of the insured gets Rs 2 lakh. "Pradhan Mantri Jeevan Jyoti Bima Yojana #PMJJBY has provided Rs 2 lakh life insurance coverage to over 21 crore beneficiaries, ensuring f...Read More
Bengaluru News: Amid a surge in cases of digital arrest across the nation, a 68-year-old senior citizen in Bengaluru reportedly lost Rs 1.94 crore to cyber fraudsters from his fixed deposit. The victim stated that the fraudsters claimed that they were from the Mumbai crime branch and threatened him with arrest if he did not pay the amount to them. The fraudsters allegedly held the man under digital arrest for almost a week and claimed that he was involved in a money laundering case linked to In...Read More
MUMBAI: In a significant move to support the agricultural sector and address rising input costs, the Reserve Bank of India has announced an increase in the limit for collateral-free agricultural loans, including loans for allied activities. The existing loan limit of ₹1.6 lakh per borrower has been raised to ₹2 lakh. This decision acknowledges the impact of inflation and the increasing cost of agricultural inputs on farmers. It aims to provide enhanced financial access to farmers, ensuring they...Read More
Sambhal Violence: Amid the prevailing tensions in Uttar Pradesh's Sambhal, the district administration on Sunday morning carried out an anti-encroachment drive to clear public spaces of illegal structures. According to Sambhal SDM Vandana Mishra, the operation was launched with an aim to address encroachments in public areas and has been actively implemented in Chandauli for the past two months as well. "An anti-encroachment drive is being run against encroachment on public places. This drive h...Read More
Khordha (Odisha) [India], December 15 (ANI): A severe cold wave gripped northern Odisha on Sunday, with the Mayurbhanj in the northern part of the State bearing the brunt of the intense chill with Ramatirtha area in the district recording as low as -10 degrees Celsius. According to the Forest Department, temperatures while other areas such as Gurguria and Barehipani recorded 6 degrees Celsius, Chahala 4 degrees Celsius, Nawana -5 degrees Celsius, and Upper Baraha Kamuda (UBK) -3 degrees Celsius...Read More
Mumbai, Dec 15 (SocialNews.XYZ) A blend of global and domestic factors will influence the stock market outlook for next week. On the global front, particularly the performance of US markets and the Fed's monetary policy decisions will play a significant role; and domestic economic indicators like GDP growth, FIIs and inflation will shape market sentiment. Last week, Indian stock markets ended on a positive note, with the Sensex and Nifty gaining nearly 3 per cent from their recent lows. A broad...Read More
NEW DELHI: To achieve the goal of 2047 and make India a global phenomenon, we need to follow global strategies and parameters, said Union minister Dr Jitendra Singh at the "India Economic Conclave" organised by a media house in New Delhi on Saturday. India's space, marine and Himalayan resources, which remained inadequately explored before PM Narendra Modi took over, will contribute substantially to India's future economic growth. While answering to a question on how India can unleash benefits...Read More
Mumbai BEST Bus accidents: 3 fatal crashes in 1 week - Govandi rider killed. (Representative/Getty Images) Mumbai: After the tragic incident in which a state-run BEST bus lost control and killed seven people, another accident occurred on Saturday at midnight. A 25-year-old biker died after being struck by a BEST bus in Govandi, Mumbai. This marks the third deadly accident involving BEST buses within just one week. The victim has been identified as Vindo Dikshit who was travelling on a bike suf...Read More
Dec 12 (Reuters) - Following is the text of European Central Bank President Christine Lagarde's statement after the bank's policy meeting on Thursday: Link to statement on ECB website: https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2024/html/ecb.is241212~ce143b3bc8.en.html Good afternoon, the Vice-President and I welcome you to our press conference. The Governing Council today decided to lower the three key ECB interest rates by 25 basis points. In particular, the ...Read More
Tax officials accuse it of paying agents excess brokerage * Many top India executives signed off on brokerage system NEW DELHI, Dec 13 (Reuters) - An Aviva business model that Indian tax officials say was used to pay agents unlawful commissions from 2017 to 2023 was rolled out internally in 2013 and approved in writing by top India executives, a confidential company document shows. Tax inspectors accuse the British insurer of engaging in a clandestine scheme involving hundreds of individuals...Read More
Former Cleartrip CEO Ayyappan R has secured $8 million in seed funding for his quick commerce startup, FirstClub. Backed by Accel and RTP Global, the platform will offer premium local and global fresh products on a subscription model, launching in Bengaluru by mid-2025. FirstClub aims to cater to a discerning customer base seeking high-quality products and convenient delivery.Quick commerce startup, FirstClub, founded by former chief executive of Flipkart-owned Cleartrip Ayyappan R, has raised $...Read More