BusinessWire India 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. However, in India, many people do not opt for comprehensive two-wheeler insurance as the government has not made it compulsory. However, it is highly recommended th...Read More
New Delhi, Dec 11 (PTI) India's maritime sector is poised to play a transformative role in the country's vision of becoming world's third-largest economy, Vice President Jagdeep Dhankhar said Wednesday. Today, India stands as an emerging maritime powerhouse, strategically leveraging its geographical location and advanced infrastructure to spearhead global maritime initiatives, the Vice President said. "With the global blue economy projected to reach USD 6 trillion by 2030, India's maritime sec...Read More
NEW DELHI: The Nifty Realty index closed on a note on Wednesday. Shares of Raymond Ltd.(up 3.51 per cent), DLF Ltd.(up 0.85 per cent), Macrotech Developers Ltd.(up 0.68 per cent), Godrej Properties Ltd.(up 0.48 per cent) and Phoenix Mills Ltd.(up 0.24 per cent) ended the day as top gainers in the pack. On the other hand, Brigade Enterprises Ltd.(down 3.45 per cent), Mahindra Lifespace Developers Ltd.(down 2.74 per cent) and Sobha Ltd.(down 1.56 per cent) finished as the top losers of the day. ...Read More
Hyderabad, Dec 11 (Maxim News): As per the directions of the National Legal Services Authority, National Lok Adalat will be conducted on December 14 in the State of Telangana at all levels from the High Court, for the State of Telangana to Taluq level for settlement of all kinds of Civil cases and Compoundable Criminal cases (both pre-litigation and pending litigation cases). Click Here To Join Us On WhatsApp Under the guidance of the Chief Justice and Patron-in-Chief and the Executive Chairma...Read More
Mumbai, December 10: An unidentified person on Tuesday damaged a replica of the Constitution held by the statue of B R Ambedkar outside Parbhani railway station in Maharashtra, triggering arson and stone-pelting, police said. A crowd of around 200 people gathered near the statue after the word spread about the damage caused to the replica of the Constitution and slogans were raised, a senior police official said. Parbhani Riot: Violence Breaks Out in Maharashtra Town After Man Tears Constitution...Read More
Bhubaneswar: In response to the ongoing supply issues with West Bengal, the Odisha government has announced an ambitious plan to cultivate potatoes on 15,023 hectares of land. Deputy Chief Minister KV Singh Deo outlined the initiative during a recent Assembly session, emphasizing the need to boost local production to mitigate the impact of the supply disruption. The Deputy CM highlighted that steps have been taken to increase potato production in key districts such as Cuttack, Kandhamal, Keonj...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
Parbhani violence: The violence broke out on Tuesday after a replica of the Constitution held by a statue of BR Ambedkar was defaced, triggering protests by community members and a faceoff with the police. Parbhani: Tension prevailed in Prabhani city of Maharashtra on Wednesday as local mobs indulged in stone pelting and arson after a replica of the Constitution held by a statue of BR Ambedkar was allegedly defaced by an unidentified person on Tuesday. Some people have been injured as the agit...Read More
Amazon India on Tuesday said that they are increasing its exports commitment four-fold and plans to enable over $80 billion in cumulative exports from India by 2030. This marks an ambitious scale up from earlier commitment of enabling exports worth $20 billion by 2025. The e-commerce major also said that it has earmarked $120 million from its Smbhav Venture Fund to invest in start-ups that digitise consumer goods manufacturing in India and cater to domestic and global demand. It added that the ...Read More
Leading investment and trading platform Kotak Securities is cautious in its market outlook for 2025, balancing India's fundamentals with concerns over valuation and global uncertainties, but has not ruled out a level of 29,000 on the Nifty 50 index. While the country's growth trajectory remains robust, recent economic data and corporate results indicate a slowdown in some areas, prompting a more tempered outlook, said the note. Kotak Securities has highlighted the slowdown in rural demand durin...Read More
The Haryana government and the US Trade and Development Agency have signed an MoU to develop an integrated aviation hub at Hisar. This partnership aims at fostering technical progress, enhancing infrastructure, and creating employment through public-private partnerships. It signifies a strong bilateral relationship in civil aviation. The Haryana government took a significant step on Tuesday by signing a Memorandum of Understanding with the US Trade and Development Agency (USTDA) to develop an i...Read More
Over 54 crore accounts have been opened under the Pradhan Mantri Jan Dhan Yojana (PMJDY) as of November 20, 2024. However, 11.30 crore accounts, holding Rs 14,750 crore, are currently inoperative. Public sector banks have seen a decline in inoperative account percentages. Efforts are underway to reduce these numbers and simplify account reactivation.A total of 54.03 crore accounts have been opened under Pradhan Mantri Jan Dhan Yojana (PMJDY), of which 11.30 crore accounts are inoperative, Parlia...Read More
The Indian economy is set for resilient growth in 2025 on the back of strong urban consumption, steady service sector growth, and ongoing investment in infrastructure, S&P Global Ratings has said in its 'India Outlook for 2025' note. For the current financial year, the global ratings agency has retained its growth projection at 6.8%, and for FY26, it has projected growth to rise to 6.9%. S&P Global's FY25 growth forecast is 20 basis points (bps) higher than the Reserve Bank of India's (RBI) pro...Read More
A new report reveals Indian graduate employability has risen to 54.81%, up from 51.25% the previous year and 33% a decade ago. This growth is driven by skill development in areas like AI and cloud computing, positioning India as a global talent leader, particularly in IT, engineering, and healthcare, with significant global opportunities emerging.As the demand for talent continues to rise, a report on Tuesday revealed that employability among Indian graduates has seen a steady rise, reaching 54....Read More
NEW DELHI: Vishal Mega Mart, ahead of Initial Public Offer (IPO), has secured Rs 2,400 crore from anchor investors, as revealed in an exchange update. The anchor round allocation included prominent investors such as SBI Mutual Fund, Government of Singapore, Nomura Funds Ireland Public Ltd, Axis MF, HDFC MF and ICICI Prudential MF, as per BSE's website. The anchor portion saw participation from 18 domestic mutual funds through 44 schemes, comprising 53.33 per cent of the total. The company allo...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
New Delhi, Dec 11 (VOICE) There is a potential $40 billion investment opportunity for the development of electric vehicles (EVs) and ancillary industries in India over the next 5-6 years, a report showed on Wednesday.About two-thirds of the planned investments can potentially materialise in the lithium-ion battery segment alone, said the report by Colliers, a professional services and investment management company. The deployment of these funds will rely upon successful implementation of govern...Read More
NEW DELHI: Shares of Cummins India Ltd. traded 0.95 per cent in Wednesday's trade at 10:30AM (IST). Around 1,691 shares changed hands on the counter. The stock opened at Rs 3555.35 and touched an intraday high and low of Rs 3573.85 and Rs 3526.80, respectively, in the session so far. The stock of Cummins India Ltd. quoted a 52-week high of Rs 4169.50 and a 52-week low of Rs 1836.95. As per BSE, the total market cap of the Cummins India Ltd. stood at Rs 98683.20 crore at the time of writing thi...Read More
Gurugram, 11 December 2024: Around USD 40 billion of investments are envisaged over the next 5-6 years for the development of Electric Vehicles (EV) & ancillary industries in India. However, the deployment of these funds will rely upon successful implementation of government policies, charging infrastructure ramp-up and domestic manufacturing capacity scale-up. As per Colliers' latest report "EVs in India: Renewed Vigour in Electric Mobility", about two-thirds of the planned investments, can pot...Read More
Hyderabad, Dec 11 (UNI) The International Crops Research Institute for the Semi-Arid Tropics (ICRISAT) has said it was granted its first industrial design in India for a Solar-Powered Water Hyacinth Harvester developed by a team of scientists. The harvester is simple, affordable, and can be efficiently managed by semi-skilled or unskilled personnel, the Institute said in a release here. The solar-powered equipment, designed and fabricated in-house, is an affordable solution priced at under Rs ...Read More
Bengaluru, December 11: Flipkart-subsidiary Myntra was recently cheated by fraudsters who allegedly stole over one crores rupees this year during March and June. The scammers attacked the e-commerce company by exploiting some loopholes related to the Myntra policy and looted the money. The firm reported a loss of INR 1.1 crore in Bengaluru and INR 50 crore nationwide as the scammers abused the complaints and refund options. According to the reports, the crooks who ran the Myntra refund scam wer...Read More
New Delhi: Supermarket chain Vishal Mega Mart has mobilised Rs 2,400 crore from anchor investors, an update with the exchange showed. Those who were allotted shares in the anchor round included SBI Mutual Fund, Government of Singapore, Nomura Funds Ireland Public Ltd, Axis Mutual Fund (MF), HDFC MF and ICICI Prudential MF, according to a circular uploaded on BSE's website. Overall, a total of 18 domestic mutual funds participated through 44 schemes, collectively accounting for 53.33 per cent o...Read More
NEW DELHI: The number of High Net-Worth Individuals (HNIs) and Ultra High Net-Worth Individuals (UHNIs) in India is growing at an impressive compounded annual growth rate (CAGR) of 12 per cent, according to a report by Motilal Oswal. The report attributed this growth to India's robust economic expansion and buoyant equity markets, which are also helping their wealth grow at an even faster pace. It said "With robust economic growth, the number of HNIs and UHNIs has been growing in India (at 12 ...Read More
NEW DELHI: The Nifty Bank index traded around 10:19AM(IST)on Wednesday in a weak market. Federal Bank Ltd.(up 0.35 per cent) and State Bank of India(up 0.03 per cent) were among the top gainers. ICICI Bank Ltd.(down 1.0 per cent), Punjab National Bank(down 0.9 per cent), IDFC First Bank Ltd.(down 0.64 per cent), HDFC Bank Ltd.(down 0.41 per cent) and Canara Bank(down 0.38 per cent) were the top losers on the index. The Nifty Bank index was 0.41 per cent at 53357.75 at the time of writing this...Read More
Mumbai: The Indian stock market continued its flattish opening trajectory this week, as selling was seen in Nifty's financial service and private bank sector in early trade on Wednesday. At around 9:27 am, Sensex was trading at 81,515.06 after gaining 5.01 points or 0.01 per cent, while the Nifty was trading at 24,623.8 after rising 13.75 points or 0.06 per cent. The market trend remained positive. On the National Stock Exchange (NSE), 1,634 stocks were trading in green, while 565 stocks were ...Read More
NEW DELHI: The Nifty Realty index traded around 10:14AM(IST)on Wednesday in an upbeat market. Raymond Ltd.(up 4.85 per cent), DLF Ltd.(up 0.87 per cent) and Mahindra Lifespace Developers Ltd.(up 0.23 per cent) were among the top gainers. Prestige Estates Projects Ltd.(down 1.26 per cent), Brigade Enterprises Ltd.(down 1.08 per cent), Phoenix Mills Ltd.(down 0.77 per cent), Sobha Ltd.(down 0.7 per cent) and Macrotech Developers Ltd.(down 0.67 per cent) were the top losers on the index. The Nif...Read More
New Delhi: University Grant Commission (UGC) Chairman M Jagadesh Kumar has announced changes in the Common University Entrance Test (CUET), undergraduate and postgraduate 2025, saying the total number of subjects has been reduced to 37 from 63 and there will be uniform exam duration of 60 minutes. He said 20 language subjects have been discontinued and admissions to the dropped subjects can be done based on General Aptitude Test (GAT) scores. The domain-specific subjects were 29 earlier, but th...Read More
Mumbai, Dec 11 (PTI) Equity benchmark Sensex and Nifty edged up in volatile trade on Wednesday amid mixed global trends ahead of the US inflation data. Market analysts said investors will monitor the November US CPI, the final inflation reading for further cues before the Federal Reserve's year-end policy meeting. The 30-share BSE Sensex rose 55.04 points or 0.04 per cent to 81,565.09 in the morning trade. Similarly, the broader NSE Nifty went up 30.40 points or 0.12 per cent to 24,640.45. F...Read More
NEW DELHI: Vedanta (Rs. 795.36 crore), Raymond(Rs. 757.14 crore), Titagarh Wagons(Rs. 440.58 crore), Waaree Energies(Rs. 423.69 crore), Zomato(Rs. 321.66 crore), ITI Ltd(Rs. 312.91 crore), BSE(Rs. 280.04 crore), HDFC Bank(Rs. 266.83 crore), Mazagon Dock Ship(Rs. 256.20 crore) and PNC Infratech(Rs. 252.12 crore) were among the most traded securities on the National Stock Exchange at 10:08AM in Wednesday's session. The NSE Nifty index traded 9.86 points up at 24619.9, while BSE Sensex was 5.84 po...Read More
NEW DELHI, Dec 11 (Reuters) - London copper prices climbed to a nearly one-month high on Wednesday, as markets drew support from top consumer China's recent announcement that it will ease monetary policy and adopt a proactive fiscal policy to propel growth next year. Three-month copper on the London Metal Exchange (LME) was up 0.8% at $9,290 per metric ton, as of 0353 GMT. The contract briefly touched $9,314 per metric ton, its highest level since Nov. 12. The most-traded January copper contra...Read More