Chennai: Persistent heavy rain across Tamil Nadu has triggered an orange alert in 16 districts, including Chennai. Additionally, a yellow alert remains in effect in 17 other districts, such as Erode and Salem. Due to the downpour, schools are closed today in 12 districts, including Chennai, Villupuram, and Cuddalore. Also Read: Kerala braces for heavy rainfall in next 5 days; IMD sounds orange alert in 4 districts Puducherry and Karaikal are also under an orange alert, with all educational ins...Read More
New Delhi, Dec 12 (PTI) State-owned NBCC has been appointed as a project management consultant to complete Supertech Ltd's 16 real estate projects at a cost of nearly Rs 9,500 crore, a move that will provide relief to thousands of homebuyers. In a regulatory filing on Thursday, the company informed that the National Company Law Appellate Tribunal (NCLAT), vide its order dated December 12, 2024, has "appointed NBCC (India) Limited as Project Management Consultant for the completion of 16 project...Read More
New Delhi [India], December 12 (ANI): HDFC Bank on Thursday informed stock exchanges that market regulator SEBI has issued an administrative warning letter to the bank, alleging non-compliance with some rules. The warning letter was in relation to observations made during the course of its periodic inspection of investment banking activities undertaken by the bank, thereby alleging non-compliances with certain provisions of the SEBI (Merchant Bankers) Regulations, 1992, SEBI (Issue of Capital a...Read More
Mumbai, Dec 12 (VOICE) 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 curr...Read More
Chennai, Dec 12 (VOICE) Continuous heavy rains have led to the cancellation of four flights of Air India Express that were scheduled to operate and arrive at Chennai Airport on December 12.Airport officials have advised passengers to contact their respective airlines to confirm flight arrival and departure timings. According to Air India Express, a flight of the airline to Kolkata scheduled to depart at 10:40 P.M. on Thursday has been cancelled. Similarly, an Air India Express flight from Thir...Read More
New Delhi [India], December 12 (ANI): HDFC Bank on Thursday informed stock exchanges that market regulator SEBI has issued an administrative warning letter to the bank, alleging non-compliance with some rules. The warning letter was in relation to observations made during the course of its periodic inspection of investment banking activities undertaken by the bank, thereby alleging non-compliances with certain provisions of the SEBI (Merchant Bankers) Regulations, 1992, SEBI (Issue of Capital a...Read More
New Delhi, Dec 12 (PTI) Chief Economic Advisor (CEA) V Anantha Nageswaran on Thursday underlined the need to be cautious about energy transition and said that it should be done without compromising growth. "We need to do it carefully so that we do not throw the baby of economic growth out with bath water in the name of managing energy transition and tackling climate change. Without growth there are no resources to invest for climate change management," he said. While speaking at the Global Eco...Read More
New Delhi, Dec 12 (PTI) The government on Thursday sought Parliament's nod for additional net cash spending of Rs 44,143 crore in the current fiscal. The first batch of Supplementary Demands for Grants for 2024-25 was tabled in the Lok Sabha by Minister of State for Finance Pankaj Chaudhary to seek approval of Parliament to authorise gross additional expenditure of Rs 87,762.56 crore. Of this, the proposals involving net cash outgo aggregate to Rs 44,142.87 crore and gross additional expenditu...Read More
New Delhi [India], December 12 (ANI): The Union Cabinet on Thursday approved the 'One Nation, One Election,' bill in the parliament, marking a significant step towards the electoral process, sources told ANI. A comprehensive bill is expected to follow this decision, paving the way for unified elections across the nation. Earlier on Wednesday, former President of India Ram Nath Kovind stated that the Central government must build a consensus on the 'One Nation, One Election' initiative, emphasi...Read More
New Delhi [India], December 12 (ANI): Union Minister for Steel and Heavy Industries, HD Kumaraswamy, launched India's Green Steel Taxonomy at Vigyan Bhavan on Thursday. This landmark framework aims to revolutionize the steel industry by decarbonizing production processes and promoting environmentally responsible practices. The initiative signifies a major step toward aligning one of India's most vital industries with global sustainability goals. The event witnessed the presence of prominent di...Read More
Quick commerce company Zepto will launch a separate app for Zepto Cafe, its 10-minute food delivery unit, next week, co-founder and CEO Aadit Palicha announced on social media on December 11. While Zepto Cafe will be available through another app, customers will also have an option to shop for coffee, sandwiches and more via the main app. Zepto's move to have two entry points is similar to what Zomato did with Blinkit, the company's quick commerce arm, over a year ago. While Zomato piloted hav...Read More
The Andhra Pradesh government inked a Memorandum of Understanding (MoU) with Google. The tech giant will launch its operations from Visakhapatnam in the State. Making the announcement at the district collectors' conference on Wednesday, Chief Minister N. Chandrababu Naidu said HRD Minister Nara Lokesh's efforts have paved the way for this. The MoU was a significant development and would be a game changer. Visakhapatnam is poised for transformative growth, Mr. Naidu said. The chief minister, i...Read More
NEW DELHI (AP) -- Sanjay Malhotra, a career civil servant, became India's new central bank governor on Wednesday as the country's economic growth slows and inflation is rising. The Reserve Bank of India said Malhotra, a former revenue secretary, will formulate India's monetary policy for the next three years. He succeeds Shaktikanta Das, who retired as RBI governor after an extended six-year term. GDP growth slowed to 5.4% in the quarter ending in September, the weakest level in seven quarter...Read More
Rossell India Ltd has acquired a tea garden in Assam capable of producing 1.8 million kg of tea for ₹64.2 crore, daring the perceived gloom and doom surrounding the industry. The Dhoedaam tea estate in Tinsukia district would be the largest in the Rossell stable, upping the company's production capacity by 40 per cent to 7 million kg. "After demerger of the defence and the aerospace business, we have sharpened our focus on tea. We believe in the long-term prospect of the tea industry," Sunil ...Read More
The caller said that illegal activities like money laundering, human trafficking and drug trafficking were being done using her Aadhaar card. The complainant claimed that she was kept under 'digital arrest' for about five hours Noida (UP): Cyber criminals allegedly duped a woman of Rs 1.40 lakh by keeping her under 'digital arrest' for five hours in Noida. Police station in-charge Inspector Krishna Gopal Sharma said that last night Smriti Semwal of Noida Sector 77 lodged a complaint that a w...Read More
(Reuters) -Wall Street's main indexes edged lower on Tuesday as investors anxiously awaited key inflation reports that could influence the Federal Reserve's interest rate decision next week. Among the S&P 500's 11 major industry sectors, communication services, up 2.5%, was the biggest gainer with a strong boost from Google-parent Alphabet, whose shares rose 5.3% after it unveiled a new-generation chip. The weakest sectors were rate-sensitive real estate, down 1.4%, and technology, down 1%. Te...Read More
Mumbai: An atmosphere of tension gripped Parbhani city on Wednesday as the district administration imposed Section 163 of the Indian Civil Security Code 2023. The order, issued by District Magistrate Raghunath Gawde, restricted gatherings of more than five persons in public places and suspended internet and communication services to maintain peace. The decision came after an unidentified person on Tuesday damaged a replica of the Constitution held by the statue of B R Ambedkar outside Parbhani ...Read More
Mumbai, Dec 11 (PTI) Murugappa Group-run TCI Clean Mobility subsidiary TIVOLT Electric Vehicles on Wednesday said it has signed a pact with EV charging solutions provider Tata Power Renewable Energy Limited (TPREL) to build a charging ecosystem for its electric commercial vehicles. Under the collaboration, Tata Power Renewable Energy will bring its extensive experience in setting up and managing an expansive EV charging infrastructure at strategic locations across the country to TIVOLT dealersh...Read More
New Delhi, Dec 11 (PTI) Union minister Nitin Gadkari on Wednesday said the logistics cost in India will come down to 9 per cent within two years. Speaking during bauma Conexpo India, the Road Transport and Highways Minister said that "presently our logistics cost is 14-16 per cent... I assure you that within two years... our logistics cost will be 9 per cent. So we will be more competitive in the international market." In China, the logistics cost is 8 per cent and in the US and European countr...Read More
Guwahati (Assam) [India], December 11 (ANI): The Combined Annual Training Camp (CATC)-151 for NCC girl cadets of the 60 Assam Girls Battalion and other units under NCC Group Headquarters, Guwahati, commenced on December 9 and will continue until December 18. According to the Defence Public Relations Officer (PRO), the camp aims to promote leadership, discipline, and national pride. The PRO's statement read: "The Combined Annual Training Camp (CATC)-151 of NCC cadets of 60 Assam Girls Bn NCC, G...Read More
Noida (Uttar Pradesh) [India], December 11: Comprehensive insurance policies are very helpful for two-wheeler owners as they protect them from financial losses incurred on their own vehicles and also cover third-party liability. Because of its all-round nature, many refer to them popularly as 'package' insurance. Also Read | Australia Squad for ICC U19 Women's T20 World Cup 2025 Announced: Fifteen-Year-Old Caoimhe Bray Included. However, in India, many people do not opt for comprehensive two-w...Read More
Shimla (Himachal Pradesh) [India], December 11 (ANI): A Bharatiya Janata Party (BJP) delegation, led by senior leaders, met Himachal Pradesh Governor Pratap Shukla recently to submit a comprehensive 106-page memorandum titled "Kachcha Chittha". The document, which alleges rampant corruption and administrative failures in the two years of Congress rule under Chief Minister Sukhvinder Singh Sukhu, aims to hold the state government accountable for what the BJP describes as a period of "unprecedent...Read More
New Delhi, Dec 11 (VOICE) About 8.6 lakh candidates have enrolled in IndiaAI 'Future Skills' initiative of the government, developed in collaboration with industry partners to provide training aligned with the latest requirements, Union Minister of Electronics and Information Technology, Ashwini Vaishnaw, said on Wednesday.In his reply to a Parliament question on the number of people who have got enrolled in the 'Future Skills' initiative, the minister highlighted the government's focus on decen...Read More
Bengaluru Weather Update: A week after the rains from Cyclone Fengal subsided, the India Meteorological Department (IMD) issued a yellow advisory for Bengaluru and the nearby areas on Wednesday. Another four days of rain is predicted to begin on Wednesday in Bengaluru and the surrounding districts of southern Karnataka. IMD forecasted that a low-pressure system would form over the Bay of Bengal, resulting in widespread moderate rainfall over Karnataka. A yellow alert has been issued for several...Read More
Mumbai: Indian frontline indices closed on a flat note on Wednesday as investors are waiting for November CPI (Consumer Price Index) data, which will be released by the government on Thursday. At closing, Sensex was up 16 points at 81,526 and Nifty was up 31 points at 24,641. The broader market trend was positive. On the Bombay Stock Exchange (BSE), 2143 shares closed in the green, 1,839 settled in the red and 113 shares closed without change. Among the sectoral indices, Auto, IT, Fin Service...Read More
BANGALORE, India, Dec. 11, 2024 /PRNewswire/ -- Rossell Techsys Limited (ROSSTECH), a leading aerospace and defense service provider, has been awarded the prestigious 'Outstanding Supplier Recognition' by Lockheed Martin at the 10th Lockheed Martin Suppliers Conference held at Bangalore. This honour was bestowed for its exceptional performance as a sub-tier partner, delivering high-quality products and services in support of Lockheed Martin's Global commitments. From left to right: Prabhat Bhag...Read More
New Delhi, December 11: Toyota has launched its new premium sedan, the Toyota Camry, in India, offering several key upgrades in design, specifications, and features. The ninth-generation Toyota Camry is priced at INR 48 lakh (ex-showroom). Toyota said the deliveries of this newly launched sedan will begin immediately. This car will compete with other models in the segment, such as Skoda Superb, which is priced higher than this model. The Toyota Camry will go up against Audi A4, BMW 3 Series Gra...Read More
NEW DELHI: The Nifty Auto index closed on a note on Wednesday. Shares of Hero MotoCorp Ltd.(up 1.36 per cent), Bharat Forge Ltd.(up 1.34 per cent), Ashok Leyland Ltd.(up 0.97 per cent), Bosch Ltd.(up 0.81 per cent) and Exide Industries Ltd.(up 0.74 per cent) ended the day as top gainers in the pack. On the other hand, Samvardhana Motherson International Ltd.(down 0.3 per cent), Eicher Motors Ltd.(down 0.24 per cent) and Tata Motors Ltd.(down 0.11 per cent) finished as the top losers of the day...Read More
BANGALORE, India, Dec. 11, 2024 /PRNewswire/ -- Rossell Techsys Limited (ROSSTECH), a leading aerospace and defense service provider, has been awarded the prestigious 'Outstanding Supplier Recognition' by Lockheed Martin at the 10th Lockheed Martin Suppliers Conference held at Bangalore. This honour was bestowed for its exceptional performance as a sub-tier partner, delivering high-quality products and services in support of Lockheed Martin's Global commitments. The recognition highlights Rosse...Read More
Bengaluru, Dec 11 (PTI) The National Law School of India University, which has pioneered and developed an integrated five-year BA LLB (honours) degree that transformed Indian legal education, has now come up with a three-year (honours) BA course with an option of an additional fourth year. The first cohort of the programme will be admitted in July 2025, the NLSIU said. "We are looking to develop something that is responsive to 2025, but is completely different," the NLSIU Vice Chancellor Sudhi...Read More