Former Finance Commission Chairman Arvind Panagariya advocated for India to remain open to Chinese investments, except in sensitive sectors, mirroring the approach of countries like the US and Germany. He also emphasized the importance of expanding India's Free Trade Agreements to facilitate smoother global supply chain participation and boost exports, citing the example of iPhone's multinational production process.India should remain open to investments from China as other developed countries l...Read More
The Financial Intelligence Unit (FIU) has exposed Rs 11,000 crore in undisclosed income and aided in the seizure of 461 kg of drugs. Their efforts also led to significant legal actions and financial penalties, showcasing the agency's crucial role in fighting money laundering and terror financing. The Financial Intelligence Unit (FIU) has played a pivotal role in uncovering Rs 11,000 crore in undisclosed income and facilitating the seizure of 461 kg of narcotics, according to a statement from th...Read More
The agitators demanded strict punishment for those who insulted the statue. Violent protests took place for the second day in central Maharashtra's Parbhani city on Wednesday over alleged vandalising of a replica of the Indian Constitution, police said. Amid the bandh called by some organisations, a mob indulged in arson and police fired teargas shells in response, a senior official told PTI. How did the protest begin? An unidentified person on Tuesday damaged a replica of the Constitution h...Read More
Brookfield India Real Estate Trust's Rs 2,800- crore QIP has drawn interest from institutional investors such as India's biggest insurer Life Insurance Corporation of India (LIC), World Bank arm IFC and mutual funds such as ICICI Prudential MF and SBI MF, sources told Moneycontrol. The Canadian investment firm Brookfield-backed firm's QIP, with a base issue size of Rs 2,800 crore, saw a 2x demand from investors, the sources said. "This is the first time LIC and IFC have invested in a REIT in I...Read More
BHUBANESWAR : Unable to regulate retail price of the potato even after normal flow of the tuber from West Bengal and Uttar Pradesh, the state government has decided to provide the kitchen essential to consumers at a subsidised rate through the National Agricultural Cooperative Marketing Federation of India Limited (NAFED). In the first phase of its market intervention initiative, the state government has procured 60 tonnes of potato from Uttar Pradesh through NAFED and the same will be availabl...Read More
Finance Minister Radhakrishna Kishore on Wednesday tabled the second supplementary budget of Rs 11,697.45 crore for the 2024-25 fiscal. Highlighting the state's focus on social welfare, the women, child development, and social security department stands to receive the highest allocation of Rs 6,390.55 crore. This reflects the government's commitment to addressing key societal needs. The highest provision of Rs 6390.55 crore has been made for the Women and Child Development Department, which run...Read More
Get latest articles and stories on India at LatestLY. Gold prices climbed Rs 500 to Rs 80,900 per 10 grams in the national capital on Thursday due to persistent buying by retailers and jewellers, according to the All India Sarafa Association. New Delhi, Dec 12 (PTI) Gold prices climbed Rs 500 to Rs 80,900 per 10 grams in the national capital on Thursday due to persistent buying by retailers and jewellers, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity...Read More
Economy 1 min read IIP grows 3.5% in October, up from 3.1% a month ago India's Index of Industrial Production (IIP) grew by 3.5% in October 2024, up from 3.1% in September 2024. This positive growth was driven by strong performance in key sectors like basic metals, electrical equipment, and refined petroleum products. Eighteen out of 23 industry groups showed year-over-year growth, indicating broad-based industrial expansion. The IIP growth rate for the month of October 2024 is 3.5 percent whic...Read More
India's Financial Intelligence Unit (FIU) has contributed to the detection of Rs 11,000 crore in undisclosed income and the seizure of 461 kg of narcotics. The FIU's intelligence sharing led to the attachment of Rs 983 crore in assets, identification of Rs 2,763 crore in criminal proceeds, and 184 arrests. Additionally, tax refunds increased by 46.31% to Rs 3.The Financial Intelligence Unit (FIU) has helped in detection of undisclosed income of Rs 11,000 crore and seizure of 461 kg of narcotic d...Read More
VMPL Hyderabad (Telangana) [India], December 12: Ignite Junior College, a renowned name in integrated education, celebrates its students' remarkable performance in the CLAT 2025 examination, reaffirming its commitment to providing the best coaching for aspiring law students. With multiple students securing top ranks, including B. Nakshatra's 7th rank in Telangana, the college has once again demonstrated its academic excellence and student-centric approach. A Hub for Excellence in Education Ig...Read More
New Delhi, Dec 12 (SocialNews.XYZ) With EV sales reaching 1.2 million and achieving 5 per cent market penetration in FY24, the shift toward electric mobility is rapidly gaining momentum in India, a report said on Thursday, adding that right policy support and faster decision-making can help in fostering collaborations across stakeholders. EVs are emerging as a transformative solution, in line with India's COP26 commitment to transition to 100 per cent zero-emission vehicles by 2040. According ...Read More
Chandigarh (Haryana) [India], December 12 (ANI): Haryana Chief Secretary Vivek Joshi on Thursday presided over a state-level coordination committee meeting to review the 'PM Surya Ghar: Muft Bijli Yojana.' According to an official release, it was informed during the meeting that 9,609 rooftop solar systems with a combined capacity of 45.90 MW have been installed across the state so far. The government has disbursed Rs 52.54 crore in subsidies to beneficiaries to further encourage solar adoption...Read More
MUMBAI: The capital markets regulator Sebi has issued an administrative warning to HDFC Bank for alleged non-compliance with certain rules regarding its merchant banking subsidiary after the watchdog has found after an internal inspection. In a regulatory filing on Thursday, the second-largest lender said, "The administrative warning letter was issued in relation to observations made during the course of its periodic inspection of investment banking activities undertaken by the bank." The bank...Read More
New Delhi, Dec 12 (PTI) The Rs 8,000 crore initial share sale of supermarket chain Vishal Mega Mart got fully subscribed on the second day of bidding on Thursday, ending with 1.53 times subscription. The three-day initial public offer (IPO) got bids for 1,15,74,96,150 shares against 75,67,56,757 shares on offer, according to data available with the NSE. The portion for non-institutional investors attracted 3.80 times subscription while the share of Retail Individual Investors (RIIs) got subscr...Read More
Chandigarh, Dec 12 (VOICE) A total of 9,609 rooftop solar systems with a capacity to generate 45.90 MW have been installed in Haryana. This fact came to light at a meeting presided over by Chief Secretary Vivek to review the PM Surya Ghar Muft Bijli Yojana here. The government has disbursed Rs 52.54 crore in subsidies to beneficiaries to encourage solar adoption. The state is focusing on equipping government buildings with solar power plants, with the Public Works Department (PWD) developing a...Read More
Chennai: The capacity utilisation of the domestic steel industry is set to drop to 78 per cent for the first time in four years. In order to check unprecedented imports, the government is considering imposing a 25 per cent duty on steel imports. Cheaper imports from China and countries under Free Trade Agreement along with ongoing capacity addition can lead to capacity utilisation of domestic steel mills dropping from 85 per cent in FY2024 to an estimated 78 per cent in the current fiscal, the ...Read More
New Delhi, Dec 12 (PTI) The Union government has sanctioned a combined strength of more than 2,800 CISF personnel to guard two soon-to-be operational international airports in Noida and in Maharashtra's Navi Mumbai, official sources said Thursday. Sources told PTI that the ministry of home affairs (MHA), under whose command the CISF works, had sanctioned 1,840 posts for the Navi Mumbai airport and 1,030 the Noida International Airport (NIA) in Uttar Pradesh. The total CISF manpower sanctioned ...Read More
Bengaluru, Dec 12 (PTI) Ride-hailing app Uber on Thursday launched 'Uber Moto Women,' a first-of-its-kind service in Bengaluru offering women-only bike rides, the company said. In a statement, Uber said that this on-demand two-wheeler service connects female riders with female drivers and is designed to address women's safety and mobility needs while "empowering female drivers with flexible earning opportunities". Also Read | 'One Nation One Election' Bill Cleared by Union Cabinet: Opposition ...Read More
New Delhi, Dec 12 (PTI) The Union government has sanctioned a combined strength of more than 2,800 CISF personnel to guard two soon-to-be operational international airports in Noida and in Maharashtra's Navi Mumbai, official sources said Thursday. Sources told PTI that the ministry of home affairs (MHA), under whose command the CISF works, had sanctioned 1,840 posts for the Navi Mumbai airport and 1,030 the Noida International Airport (NIA) in Uttar Pradesh. Also Read | 'One Nation One Electio...Read More
Mumbai, December 12: The Manhattan Federal Court in New York, United States, on Wednesday, December 11, charged luxury real estate agents Alexander brothers - Alon Alexander, Oren Alexander and Tal Alexander on charges of sex trafficking. The accused brothers were arrested and charged with sex trafficking for allegedly raping women in the US. Notably, prosecutors described the alleged conduct of the Alexander brothers as "heinous". According to the official notification released by the US Attorn...Read More
New Delhi, Dec 12 (PTI) Gross non-performing assets (NPAs) of public sector banks (PSBs) have declined to a decade low of 3.12 per cent at the end of September 2024 from a peak of 14.98 per cent in March 2018 on the back of measures like the 4Rs -- recognition, recapitalisation, resolution, and reform -- taken by the government, the finance ministry said on Thursday. Since 2015, the government implemented a comprehensive 4Rs strategy of recognising NPAs transparently, resolution and recovery, r...Read More
Gandhinagar (Gujarat) [India], December 12 (ANI): To commemorate 'Seva, Sankalp Ane Samarpan Na 2 Varsh' (Two Years of Exceptional Service, Commitment, and Dedication) under the leadership of Chief Minister Bhupendra Patel, and to mark the commencement of the third year, a ceremony was organised at Mahatma Mandir in Gandhinagar to channel the strength and skills of youth into state government services, according to the release. At the event, CM Patel, accompanied by Finance Minister Kanubhai De...Read More
New Delhi, Dec 12 (PTI) The initial public offer of Inventurus Knowledge Solutions Ltd, which provides healthcare support services, got subscribed 1.36 times on the first day of share sale on Thursday. The initial share sale received bids for 1,40,74,698 shares against 1,03,66,780 shares on offer, as per NSE data. Also Read | RRB JE Exam 2024 Admit Card Out at rrbapply.gov.in: Hall Ticket for 7,951 Junior Engineer Posts CBT 1 Examination Released, Know Steps To Download. The Retail Individual...Read More
New Delhi, Dec 12 (PTI) India should remain open to investments from China as other developed countries like the US and Germany, with the exception of a handful of sectors, 16th Finance Commission Chairman Arvind Panagariya said on Thursday. He also cautioned that one has to be careful about investments from potentially "unfriendly countries" that might damage the interest of the nation. Also Read | RRB JE Exam 2024 Admit Card Out at rrbapply.gov.in: Hall Ticket for 7,951 Junior Engineer Posts...Read More
NewsVoir Ahmedabad (Gujarat) [India], December 12: Ahmedabad University has built an innovative academic ecosystem, redefining the ways of learning through research-driven thinking, hands-on experiences, and interdisciplinary exploration. The University has reimagined the classroom experience to equip students to tackle complex global challenges that lie at the intersection of diverse disciplines - a foundation that not only shapes the future of education but also drives societal progress. The...Read More
New Delhi, Dec 12 (UNI) Easing of food prices, especially vegetables, the retail inflation eased to 5.48 percent in the month of November 2024 from 6.21 percent in the previous month, according to Consumer Price Index data released by the government on Thursday. During the month of November 2024, a significant decline in inflation is observed in the Vegetables, Pulses & Products, Sugar & Confectionary, Fruits, Eggs, Milk and Products, Spices, Transport & Communication, and Personal Care & Effec...Read More
New Delhi, Dec 12 (VOICE) With EV sales reaching 1.2 million and achieving 5 per cent market penetration in FY24, the shift toward electric mobility is rapidly gaining momentum in India, a report said on Thursday, adding that right policy support and faster decision-making can help in fostering collaborations across stakeholders.EVs are emerging as a transformative solution, in line with India's COP26 commitment to transition to 100 per cent zero-emission vehicles by 2040. According to the KPMG...Read More
Bengaluru, India (ots/PRNewswire) - Leveraging Infosys Cobalt and Infosys Topaz, the collaboration will help enterprises boost energy efficiency by up to 30-40% while meeting decarbonization goals Infosys (https://www.infosys.com/) (NSE: INFY), (BSE: INFY), (NYSE: INFY), a global leader in next-generation digital services and consulting, today announced its collaboration with RheinEnergie (https://www.rheinenergie.com/de/) , a leading German energy service provider, to help enterprises dri...Read More
New Delhi, Dec 12 (PTI) Gold prices climbed Rs 500 to Rs 80,900 per 10 grams in the national capital on Thursday due to persistent buying by retailers and jewellers, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity finished at Rs 80,400 per 10 grams in the previous trading session. The yellow metal has jumped nearly Rs 2,000 in the past three sessions. Silver also rallied Rs 700 to Rs 97,000 per kg on Thursday. The white metal settled at Rs 96,300 per ...Read More
New Delhi [India], December 12 (ANI): A nearly 26 per cent rise in FDI to USD 42.1 billion during the first half of the current fiscal year 2024-25 helped India's gross foreign direct investment (FDI) inflows reach an impressive USD 1 trillion since the start of this century. India has achieved a remarkable milestone in its economic journey, with gross foreign direct investment (FDI) inflows reaching an impressive USD 1 trillion since April 2000. This landmark achievement was helped by a nearl...Read More