New Delhi, Dec 12 (PTI) Terming the 5.4 per cent GDP growth in the second quarter as a "temporary phenomena", FICCI President Harsha Vardhan Agarwal on Thursday said the industry body expects India to achieve 6.5-7 per cent economic growth in the current financial year, while projecting a pick up in private investment. In an interview to PTI, Agarwal, who is also the Vice Chairman & Managing Director of Emami Ltd, said the RBI needs to manoeuvre a "tight-rope balancing act" between inflation an...Read More
Odisha NEET PG Round 2 Counselling 2024: The Odisha PG medical counselling committee has announced the second phase of the Odisha NEET PG counselling 2024 timetable for admission to MD, MS, and PG Diploma programs. Eligible and NEET-PG qualified applicants will be able to fill out choices for the Odisha NEET PG round 2 counselling 2024 beginning December 16 on the official website, dmetodisha.in. The NEET PG admission fee for government medical institutions is Rs 58,800, while Hi-Tech-MC-Bhuban...Read More
Parbhani Violence: Violent protests took place in the city of Parbhani in central Maharashtra on Wednesday for the second day in protest against the damage to a replica of the Indian Constitution. Prohibitory orders were imposed there after the violence and internet was shut down. Meanwhile, Parbhani District Magistrate Raghunath Khandu has given information about the situation there. He also said that 50 people have been arrested so far in this case. Parbhani DM Raghunath Khandu Gavde said, "T...Read More
Mumbai (Maharashtra) [India], December 12: PayU, India's leading digital financial services providers, and Amazon Web Services (AWS), the world's most comprehensive and widely adopted cloud platform have launched InFINity 2.0, an accelerator program geared to help early-stage Indian fintech startups scale and succeed. The program targets startups that have raised less than $10 million and are seeking seed to Series A funding. Applications open on December 12, 2024, and close on February 15, 2025...Read More
NewsVoir 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 The funds will be directed toward expanding operations across India, with a focus on st...Read More
New Delhi [India], December 12 (ANI): India's retail inflation in November was at 5.48 per cent as compared to 6.21 per cent logged in October, falling in line with the Reserve Bank of India's 2-6 per cent comfort band. Corresponding inflation rates for rural and urban in November are 5.95 per cent and 4.83 per cent, respectively, official data showed Thursday. According to data released by the Ministry of Statistics and Programme Implementation on Tuesday, food inflation was at 9.04 per cent ...Read More
New Delhi, Dec 12 (PTI) Tata Consultancy Services (TCS) has extended its partnership with mobile operator firm Telenor Denmark, signing a five-year deal to manage the telecom operator's IT infrastructure. Over the last six years, TCS has implemented its Machine First Delivery Model to enhance Telenor Denmark's IT infrastructure, which caters to more than 1.6 million users. With the extension of this partnership, TCS will work from its delivery centre in Europe to ensure operational cost reduct...Read More
New Delhi, Dec 12 (SocialNews.XYZ) The gross non-performing asset (NPA) ratio of public sector banks (PSBs) declined to 3.12 per cent in September this year, from 4.97 per cent in March 2015 and from a peak of 14.58 per cent in March 2018, the Centre informed on Thursday. The Ministry of Finance said in a statement that public sector banks (PSUs) recorded the highest ever aggregate net profit of Rs 1.41 lakh crore during FY2023-24, against net profit of Rs 1.05 lakh crore in FY2022-23, and reco...Read More
Mumbai, Dec 12 (UNI) The BSE Sensex on Thursday slipped 236.18 pts to settle at 81,289.96 as selling was seen in FMCG, Energy and Oil and Gas stocks. The National Stock Exchange (NSE) slipped 93.10 pts at 24,548.70. The oscillation was seen during the day, as the Sensex opened on a weak note at 81,476.76, falling 50 pts. It tanked nearly 315 pts at 81,211.64, a day low, before closing at 81,289.96, sliding 236.18 pts from its previous close. Meanwhile, it gained 154 pts at 81,680.97, a day hi...Read More
Parbhani (Maharashtra) [India], December 12 (ANI): Following violence in Maharashtra's Parbhani city, District Magistrate Raghunath Khandu Gawade stated on Thursday that police have gathered substantial evidence, including CCTV footage, and actions are being taken after thorough examination. Speaking to ANI, DM Gawade said, "The Superintendent of Police (SP) and I visited the site, convinced the workers, and garlanded the statue of Babasaheb Ambedkar and the Constitution. This was done peaceful...Read More
NewsVoir Mumbai (Maharashtra) [India], December 12: PayU, India's leading digital financial services providers, and Amazon Web Services (AWS), the world's most comprehensive and widely adopted cloud platform have launched InFINity 2.0, an accelerator program geared to help early-stage Indian fintech startups scale and succeed. The program targets startups that have raised less than $10 million and are seeking seed to Series A funding. Applications open on December 12, 2024, and close on Februar...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. Over the past decade, the government ...Read More
New Delhi [India], December 12 (ANI): Stock indices in India continued to remain in red throughout Thursday's session. Sensex closed at 81,263.84 points, down 262.30 points or 0.32 per cent, while Nifty closed at 24,538.85 points, down 102.95 points or 0.42 per cent. Indian stock markets opened flat as consolidation continued. "The market continued to remain range-bound ahead of domestic CPI data and a weakening rupee. Though inflation is anticipated to drop, investors are maintaining a close...Read More
Puri: Many travelers passing through Odisha wish to have a darshan of Lord Jagannath but are often unable to do so due to time constraints and other commitments. Hence, if 'Abadha' the holy offering of Srimandira would be made available at the major Railway Stations in Odisha, these devotees can still partake in the spiritual experience and take the holy offerings to their homes. Keeping this idea in mind Puri MP Sambit Patra put a proposal in the Parliament recently. He wanted the Union Railwa...Read More
Kochi: The High Court has directed the Kerala state government to convince the central government that the state deserves more assistance for the Wayanad landslide disaster. The division bench also expressed its readiness to mediate between the central and state governments in this regard. According to the latest figures, the state disaster relief fund holds around Rs 700 crore, but only Rs 61 crore is available for expenditure, as reported by the amicus curiae. Kerala: Court orders inclusion o...Read More
Rajkot: A major fire broke out in the production unit of Gopal Snacks Limited at the Metoda GIDC estate in Lodhika taluka at about 2pm on Wednesday. At the time of going to press, three persons had suffered serious injuries and were taken to a private hospital in Metoda. Those with less severe injuries were treated at the spot. Emergency services personnel said they anticipate that the fire would be doused by late Wednesday night. Initial reports suggest that panic after the fire began had led...Read More
SSAB, a Nordic and US-based steel company, along with its subsidiary Ruukki Construction, has announced a donation of roofing products and steel to aid in the reconstruction of war-damaged buildings in Ukraine. This philanthropic effort is in collaboration with the nongovernmental organisation OperationAid, focusing on the Mykolaiv region's urgent rebuilding needs. The donation includes approximately 3,000m² of colour-coated steel for roofing, manufactured at Ruukki's plant near Ukrainian capi...Read More
Inflows into corporate bond funds have risen to multi-year highs in recent months with the risk-reward dynamics of AAA-rated corporate bonds improving significantly vis-a-vis government securities (g-secs), especially in the near term. The inflows into corporate bond funds jumped sharply in September 2024 to a multi-year high of Rs 5,039 crore. Investors poured in another Rs 4,644 crore in October. Including around Rs 2,200 crore estimated inflows in November, the three month tally rises to Rs ...Read More
Tripura Chief Minister Manik Saha announced on Monday that Reliance Industries will dispatch a team to evaluate investment opportunities in the northeastern state. Speaking at a party program in Khumulwng, Sepahijala district, the CM shared that he recently met Reliance Industries Chairman Mukesh Ambani in Mumbai to discuss potential areas for investment in Tripura. "I invited him to join the state's journey for development. In Tripura, there is a possibility of tourism. Besides, the northeast...Read More
SWITCH Mobility launched two new electric city buses, the EiV12 for India and the E1 for Europe. The EiV12 boasts a scalable battery capacity exceeding 400 kWh, while both models share a common design. The company has already secured 1,800 orders and anticipates significant growth in the Indian electric bus market.SWITCH Mobility Ltd, a subsidiary of heavy commercial vehicle manufacturer Ashok Leyland, on Wednesday launched two low-floor electric city buses-EiV12 and E1-equipped with chassis-mou...Read More
New Delhi [India], December 11 (ANI): India's hospitality sector is gearing up for a significant expansion in its listed universe, with four new players set to debut on the stock market. According to Jefferies report, Schloss Bangalore (Leela), Ventive Hospitality, and Brigade Hotels are collectively aiming to raise approximately Rs80 billion through Initial Public Offerings (IPOs). Additionally, ITC Hotels is preparing for a demerger in Q4 FY25, further diversifying the sector's public repres...Read More
NEW DELHI: Spiritual leader Sadhguru, has expressed his concerns over the ongoing disruptions in the Indian Parliament, calling the developments "disheartening" and urging for a more constructive approach to governance. In a post published on social media, the founder of the Isha Foundation underlined the importance of maintaining decorum in the legislature, particularly when India is striving to be a global beacon of democracy. "It is disheartening to observe disruptions in the Indian Parliam...Read More
Agartala (Tripura) [India], December 12 (ANI): Tripura Chief Minister Manik Saha inaugurated the opening ceremony of the 68th National School Games for Judo (Under-17 Girls) at NSRCC, Netaji Chowmuhani in Agartala. The competition, which will take place from December 12 to 15, will feature talent at the national level and will feature 31 teams, comprising representatives from 27 states and four organisations. Approximately 350 players, coaches, and managers are attending. Tripura's athletes ha...Read More
New Delhi, Dec 12 (VOICE) The number of tax refunds has recorded a 46.31 per cent jump to Rs 3.08 lakh crore between April 1 and November 27 this year compared to the same period of 2023, marking a significant increase in the efficiency of the Income Tax Department, according to figures released by the Union Finance Ministry on Thursday.In the corresponding period last year between April 1, 2023, and November 30, 2023, refunds totalling Rs 2.03 lakh crore were issued, reflecting the Ministry's c...Read More
Raipur (Chhattisgarh) [India], December 12 (ANI): Chhattisgarh Deputy Chief Minister Vijay Sharma on Thursday reported significant progress in combating Naxalites, stating that actions are taken based on credible information. He said that in the last five years, 219 Naxalites were killed, and this year alone, 220 have been eliminated. Additionally, seven Naxalites were killed in an ongoing encounter. "Today, action is taken on the basis of information... In the last 5 years, 219 Naxalites were...Read More
Ujjain (Madhya Pradesh) [India], December 12 (ANI): Madhya Pradesh Chief Minister Mohan Yadav performed the bhoomi pujan of Freeganj railway overbridge to be constructed worth Rs 91.76 crores in Ujjain under the Jan Kalyan Parv on Thursday and extended greeting to the residents on the occasion. "I am happy that I have taken part in a camp in Ujjain regarding (bhoomi pujan for) Freeganj overbridge under the Jan Kalyan Parv campaign being organised across the state. (The camps are being organised...Read More
India's Chief Economic Advisor (CEA), Anantha Nageswaran, has urged regulators not to hinder innovations in the crypto and gaming sector. Speaking at the 2024 Global Economic Policy Forum on Wednesday, Nageswaran stressed the importance of regulatory transparency. He also advocated to strike a balance between fostering innovation and addressing social costs. "In a country with low per-capita income and financial illiteracy, not every innovation needs to be encouraged without any questioning. Y...Read More
(Reuters) -Indian budget retailer Vishal Mega Mart's 80-billion-rupee ($943 million) initial public offering (IPO) was fully subscribed on day two of bids, led by demand from non-institutional investors. The issue, which runs from Dec. 11-13, received bids for 835.5 million shares as of 1440 IST, compared to the 756.8 million shares on offer sold by existing shareholder Samayat Services. The company will offer no new shares in the IPO. The portion for retail investors was subscribed 0.93 times...Read More
New Delhi: The Rouse Avenue Court on Thursday awarded a four-year jail term to Manoj Kumar Jaiswal, managing director of Abhijeet Infrastructure, and a three-year jail term to Ramesh Kumar Jaiswal, former director, along with a Rs 30 lakh fine on the company in the 2005 Jharkhand coal block allocation scam case. The order was given by Special Judge Arun Bhardwaj who convicted them on December 9. According to the CBI, Abhijeet Infrastructure obtained the allocation of coal blocks in Brinda, Sis...Read More
Mumbai: Share of the top 50 stocks in the total market capitalisation has hit an all-time low, according to a report on Thursday. The December edition of the DSP Netra report said, "Large-cap stocks are now at their smallest share of total market capitalisation. The share of the top 50 or top 10 stocks relative to the total market has hit an all-time low, presenting a rare opportunity for investors." "While large caps remain relatively attractive on a comparative basis, the current market envi...Read More