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. The Retail Individual Investors (RIIs) part fetched 1.67 times subscription, while the Qualified Institutional Buyers (QIBs) quota got subscribed 1.54 times. Non-Institutional Invest...Read More
New Delhi, Dec 12 (PTI) The Financial Intelligence Unit (FIU) has helped in detection of undisclosed income of Rs 11,000 crore and seizure of 461 kg of narcotic drugs, the finance ministry said on Thursday. The FIU under the finance ministry collects, analyses and disseminates information to law enforcement agencies about suspicious financial transactions pertaining to money laundering, terror and proliferation financing. The intelligence shared by FIU-IND with agencies has led to Rs 983 crore...Read More
New Delhi, Dec 12 (PTI) Nine of the 11 listed Adani Group stocks ended higher on Thursday, with Adani Green Energy surging over 6 per cent in an otherwise sluggish equity market. The stock of Adani Green Energy jumped 6.15 per cent, Adani Power surged 3.97 per cent, Adani Energy Solutions climbed 3.16 per cent, Adani Enterprises rose 2 per cent, Adani Total Gas shot up by 1.84 per cent, Adani Ports (0.90 per cent), Adani Wilmar (0.16 per cent), NDTV (0.14 per cent) and Sanghi Industries (0.06 p...Read More
New Delhi, Dec 12 (VOICE) Total FDI inflows into India over the last decade (April 2014 to September 2024) amounted to $709.84 billion, accounting for 68.69 per cent of the overall FDI inflow in the past 24 years which crossed the $1 trillion mark, according to the Commerce and Industry Ministry's year-end review released on Thursday."This landmark achievement was bolstered by a nearly 26 per cent rise in FDI to $42.1 billion during the first half of the current fiscal year," the review stated. ...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. However, developed countries are accepting investments from China in any particular sector, India can also ...Read More
Mangaluru: The Karnataka Chamber of Commerce and Industry (KCCI) has expressed strong support for the introduction of the first-ever direct flight service between Mangaluru and Singapore, commencing on January 21, 2025. This new route marks a significant milestone as Singapore becomes the inaugural Southeast Asian international destination linked to Mangaluru International Airport, which has primarily facilitated connections to the Middle East and Saudi Arabia. The introduction of this direct f...Read More
New Delhi, Dec 12 (IANS) India's Index of Industrial Production (IIP) recorded a year-on-year growth of 3.5 per cent in October, up from 3.1 per cent in September this year, according to the data released by the Ministry of Statistics on Thursday.The industrial growth rate of the manufacturing sector, which accounts for more than three-fourths of the index of industrial production (IIP), recorded a growth of 4.1 per cent in October. The sector plays a key role in providing quality jobs to the y...Read More
A total of 82 companies out of the top 100 bank defaulters of 2019, including some of the biggest companies run by prominent industrialists, landed in the National Company Law Tribunal (NCLT) under Insolvency and Bankruptcy Code (IBC), 2016 and out of this, nearly one third of the companies went into liquidation over the years, suggesting banks would have hardly recouped any money, an investigation by The Indian Express reveals. Since the IBC framework came into being in 2016, creditors i.e. ba...Read More
TECNO Philippines is thrilled to announce Pia Wurtzbach, Miss Universe 2015 and globally celebrated Filipina icon, as the brand ambassador for its highly anticipated PHANTOM V FLIP 2 5G in its media launch event on December 5, 2024. Known for her elegance, confidence, and ability to inspire, Pia Wurtzbach perfectly reflects TECNO's vision of empowering users with technology that complements their dynamic lifestyles. As a leading figure in fashion and innovation, she represents the modern, aspir...Read More
During a discussion on road accidents in Lok Sabha, Mr Gadkari said, "I have no hesitation to admit that it (road accidents) has increased." Road accidents claim 1.78 lakh lives in the country, annually, said Union Minister Nitin Gadkari. "When I go to attend international conferences where there is a discussion on road accidents, I try to hide my face," Nitin Gadkari said on Thursday, underlining he had set a target to reduce accidents by 50 per cent when he first took charge as the Road Tran...Read More
In a regulatory filing on Thursday, the company stated that the NCLAT, through its order dated December 12, 2024, has "appointed NBCC (India) Limited as Project Management Consultant for the completion of 16 projects of Supertech Ltd." NBCC will oversee the completion of these projects, which include 49,748 housing units spread across Uttar Pradesh, Uttarakhand, Haryana, and Karnataka. The projects include Ecovillage-2, Romano, Capetown, Czar Suites, Eco-Village 3, Sports Village, and Eco-Citi...Read More
Property Share Investment REIT IPO, with no grey market premium, lists on BSE Tuesday. The fully subscribed IPO for PropShare Platina, a small-medium REIT scheme, will acquire Prestige Tech Platina. The Bangalore ORR property is fully leased to a US tech firm with a 9-year lease and projected 9% FY26 yield. The investment manager waives initial management fees.The shares of Property Share Investment REIT IPO will debut on the BSE platform on Tuesday. Ahead of the listing, the company's shares ha...Read More
Gurugram (Haryana) [India], December 12: Navanc, a pioneering FinTech startup building India's first AI-powered property score and stack for secured lending and insurance practices, has successfully raised USD 1 million in a seed funding round. The round was led by Prarambh Ventures, with participation from Inflection Point Ventures (IPV), Brigade REAP FirstPort Capital, and marquee angel investors Also Read | US: Joe Biden Commutes Roughly 1,500 Sentences and Pardons 39 People in Biggest Singl...Read More
IIM Mumbai Placement 2025: The drive witnessed a remarkable 15% increase in average stipends. The Indian Institute of Management Mumbai (IIM Mumbai) has set new records with its placement season for the 2025 batch, showcasing its excellence in management education. The highest package is Rs 54 lakh per annum, offered by Microsoft, while Coca-Cola set a benchmark in internships with a record Rs 5 lakh stipend. Over 78 leading companies, including Accenture, Amazon, and Coca-Cola, extended a tot...Read More
New Delhi [India], December 12 (ANI): The Index of Industrial Production (IIP) growth rate for October 2024 registered a modest increase to 3.5 per cent, up from 3.1 per cent in September 2024, according to the Quick Estimates released on December 12. According to the Ministry of Statistics & Programme Implementation, sectoral analysis reveals mixed performances. Mining, Manufacturing, and Electricity sectors reported growth rates of 0.9 per cent, 4.1 per cent, and 2.0 per cent, respectively. ...Read More
New Delhi, Dec 12 (IANS) India's retail price inflation based on the Consumer Price Index (CPI) declined to 5.48 per cent in November as the increase in prices of food items eased during the month bringing relief to household budgets, said the Ministry of Statistics on Thursday. The slowing inflation marks a reversal of the increasing trend in the previous two months when the inflation rate touched 6.21 per cent in October. "During the month of November, a significant decline in inflation is o...Read More
NEW DELHI, Dec 12 (Reuters) - India's retail inflation eased in November as soaring vegetable prices moderated, boosting expectations of an interest rate cut by the central bank at its next policy review amid concerns around slowing growth. Retail inflation (INCPIY=ECI), opens new tab eased in November to 5.48%, lower than 6.21% in the previous month and below a 5.53% forecast by economists in a Reuters poll. Food inflation slowed down to 9.04% from 10.87% a month earlier. Food accounts for ne...Read More
New Delhi [India], December 12 (ANI): The gross NPA ratio of public sector banks declined to 3.12 per cent in September 2024 from 4.97 per cent in March 2015 and a peak of 14.58 per cent in March 2018, the government stated on Thursday, reaffirming the robustness of the banking system. The government emphasised its proactive support for the banking ecosystem, addressing both business needs and employee welfare to ensure stability, transparency, and growth. Also Read | Places of Worship Act Val...Read More
NEW DELHI (Reuters) - India's retail inflation eased in November as soaring vegetable prices moderated, boosting expectations of an interest rate cut by the central bank at its next policy review amid concerns around slowing growth. Retail inflation eased in November to 5.48%, lower than 6.21% in the previous month and below a 5.53% forecast by economists in a Reuters poll. Food inflation slowed down to 9.04% from 10.87% a month earlier. Food accounts for nearly half of the consumption basket....Read More
Jaipur, Dec 12 (PTI) It was just another day in the field for Guddi Devi, working and seeing her five-year-old son play when he suddenly disappeared into a borewell pit, dug by his father in the farm. An unconscious Aryan was brought out of the 150-ft borewell pit last night after a 56-hour-long operation. He was declared dead at a hospital on Thursday. "The child's post-mortem was done today and the body was handed over to the family. Aryan was one of Guddi Devi's five children," Nangal Rajaw...Read More
India's Index of Industrial Production (IIP) witnessed a significant slowdown in October 2024, registering a mere 3.5% year-on-year growth. This decline is primarily attributed to weak performance across key sectors like mining, power, and manufacturing. Compared to the robust 11.9% growth in October 2023, the latest figures highlight a concerning trend. New Delhi: India's industrial production (IIP) growth slowed to 3.5 per cent year-on-year in October 2024, mainly due to poor performance of m...Read More
New Delhi: The advance tax payment deadline is just three days away -- December 15. If you miss this date, you might have to pay penalties and interest for the delay. Wondering what happens if you don't pay on time? Here's everything you need to know to stay stress-free and avoid extra charges. If your estimated tax liability exceeds Rs 10,000 after accounting for tax deducted at source (TDS), you are required to pay advance tax. This rule is outlined under Section 208 of the Income Tax Act, 19...Read More
New Delhi, Dec 12 (PTI) Visual Effects (VFX) firm Identical Brains Studios on Thursday said it is gearing up to raise Rs 20 crore through an initial public offering (IPO) on December 18. The announcement comes after NSE Emerge granted in-principle approval for the IPO earlier this month. The three-day public issue will conclude on December 20, the company announced. The Mumbai-headquartered company's public issue will comprise a fresh issuance of 36.94 lakh equity shares with a face value of ...Read More
New Delhi, Dec 12 (PTI) India's industrial production (IIP) growth slowed to 3.5 per cent year-on-year in October 2024, mainly due to poor performance of mining, power and manufacturing, as per official data released on Thursday. The IIP recorded a growth of 11.9 per cent in October 2023, according to a statement by the Ministry of Statistics & Programme Implementation. However, on a sequential basis, the factory output in October 2024 rose to 3.5 per cent from 3.1 per cent in September and a ...Read More
New Delhi, Dec 12 (PTI) The government on Thursday came out with the definition of green steel and asked the industry to take measures to bring down carbon emissions below the level of 2.2 tonnes on per tonne of finished products. Union Steel Minister H D Kumaraswamy also released a 'taxonomy on green steel' with parameters for giving star ratings on products based on the amount of carbon dioxide (CO2) emitted during the production process. The steel industry has been the backbone of India's in...Read More
NEW DELHI: RMZ in partnership with Canada Pension Plan Investment Board (CPPIB) plans to develop a commercial project-RMZ Nexus with an investment of $750 million on Jogeshwari-Vikhroli Link Road, Mumbai. Spanning across 3.74 million sq ft, the project has six towers on a 10.94-acre site. The project is expected to be complete by 2027. In August 2024, RMZ Corporation and Canada Pension Plan Investment Board (CPP Investments) had completed the sale of One Paramount 1 to Singapore-based Keppel, ...Read More
New Delhi, Dec 12 (VOICE) India's retail price inflation based on the Consumer Price Index (CPI) declined to 5.48 per cent in November as the increase in prices of food items eased during the month bringing relief to household budgets, said the Ministry of Statistics on Thursday. The slowing inflation marks a reversal of the increasing trend in the previous two months when the inflation rate touched 6.21 per cent in October. "During the month of November, a significant decline in inflation is ...Read More
NEW DELHI (Reuters) - India's retail inflation eased in November as soaring vegetable prices moderated, boosting expectations of an interest rate cut by the central bank at its next policy review amid concerns around slowing growth. Retail inflation eased in November to 5.48%, lower than 6.21% in the previous month and below a 5.53% forecast by economists in a Reuters poll. Food inflation slowed down to 9.04% from 10.87% a month earlier. Food accounts for nearly half of the consumption basket....Read More
BusinessWire India Noida (Uttar Pradesh) [India], December 12: R Systems International Limited (a Blackstone portfolio Company), a global leader in digital product engineering and technology solutions, today announced that it has been named a Major Contender in Everest Group's ISV and Internet-specific SPES PEAK Matrix® Assessment 2024. Everest Group's ISV and Internet-specific SPES PEAK Matrix® Assessment 2024 is a comprehensive evaluation that analyzes the capabilities and market impact of l...Read More
New Delhi, Dec 12 (PTI) Vedanta group firm Hindustan Zinc Ltd on Thursday said it has entered into a pact with the Rajasthan government to invest Rs 36 crore in the education sector of the state. The announcement was made during the Education Pre-Summit, part of the Rising Rajasthan Global Investment Summit 2024 held in Jaipur from December 9-11. The investment will be focused on 72 government schools under its flagship education initiative, Shiksha Sambal programme, Hindustan Zinc said in a s...Read More