Mumbai, Dec 10 (PTI) Equity benchmark indices Sensex and Nifty closed on a flat note on Tuesday amid a lacklustre trade, as investors preferred to stay on the sidelines in the absence of any fresh trigger. Besides, a weak trend in European markets also impacted investors' sentiment, according to traders. The 30-share BSE Sensex rises 1.59 points to close flat at 81,510.05. During the day, it climbed 217.88 points or 0.27 per cent to hit an intraday high of 81,726.34. The NSE Nifty fell 8.95 p...Read More
New Delhi, Dec 10 (PTI) Equity mutual funds witnessed an inflow of Rs 35,943 crore in November, marking a drop of 14 per cent on a month-on-month basis, amid heightened volatility in stock markets driven by various macroeconomic factors, geopolitical events and US election results. Despite this, it marked the 45th consecutive month of net inflows into equity-oriented funds, reflecting the growing popularity of mutual funds among investors, according to data from the Association of Mutual Funds ...Read More
New Delhi: The Reserve Bank has approved the open offer of Burman family -- the promoters of FMCG major Dabur -- to acquire an additional 26 per cent stake in NBFC firm Religare Enterprises Ltd (REL). The central bank also directed maintaining of the current board/management structure of REL. The Reserve Bank of India (RBI) said it has granted its "approval for the proposed increase in shareholding of existing shareholders" -- four Burman family entities Puran Associates, VIC Enterprises, M B F...Read More
NewsVoir Gurugram (Haryana) [India], December 10: BookMyForex.com, India's first and largest online foreign exchange marketplace, has announced a dual offer this travel season. The company has launched 'Lowest Rate Guarantee' offer along with the "Crazy Cashback Sale", setting a new benchmark in the forex industry. With the "Lowest Rate Guarantee" offer, BookMyForex guarantees customers the most competitive rates on forex cards, currency notes, and international money transfers. If a customer f...Read More
Agartala (Tripura) [India], December 10 (ANI): Union Home Minister Amit Shah will visit Tripura on December 20 as the state will host the 72nd Plenary Session of the North Eastern Council (NEC) on December 20-21, said Tripura Chief Minister Manik Saha. It is the first time that Tripura will host a Plenary Session of the North Eastern Council (NEC). CM Saha said that it is a matter of great happiness for the state and preparations are being made for this event. "The 72nd North Eastern Council ...Read More
Mumbai (Maharashtra) [India], December 10 (ANI): The stock market ended Tuesday's trading session on a subdued note, with the benchmark indices showing little movement. The Sensex edged up by 1.59 points, closing at 81,510.05, while the Nifty declined by 8.95 points to end at 24,610.05. Also Read | Parliament Winter Session 2024: Congress, INDIA Bloc Allies Move No-Trust Motion Against Rajya Sabha Chairman Jagdeep Dhankhar; Alleges 'Proceedings in Upper House Conducted in Partisan Manner'. In...Read More
Smart India Hackathon 2024: The Smart India Hackathon 2024, designed to unite the nation's brightest young talent in solving real-world problems presented by major government ministries, is scheduled to take place from December 11 to 15. This is the seventh edition of the Smart India Hackathon, and Prime Minister Narendra Modi will preside over this on Wednesday. More than 54,000 entries were received, and out of that, 1,300 teams (comprising over 10,800 participants) were selected to compete in...Read More
Bengaluru: Former Karnataka Chief Minister SM Krishna, a towering political figure and a pioneer of Bengaluru's IT revolution, passed away on Tuesday morning at the age of 92. He had been battling a prolonged illness and was hospitalised earlier in August.Krishna's illustrious career spanned decades, during which he served as Karnataka's Chief Minister (1999-2004), External Affairs Minister in the Manmohan Singh-led government (2009-2012), and Governor of Maharashtra. Known for his transformativ...Read More
Guwahati, Dec 10 (SocialNews.XYZ) Assam Power Minister Prasanta Phukan has said that ensuring the supply of 24-hour electricity in the state was the top priority of the state government. Phukan said this after taking charge of the power minister on Tuesday. Before assuming the charge, he took the blessings of Goddess Kamakhya atop Nilachal Hills in Guwahati. The minister told reporters here, "Assam has been progressing rapidly under the able leadership of Chief Minister Himanta Biswa Sarma. T...Read More
New Delhi, Dec 10 (PTI) Ahead of the second edition of the Bihar Business Connect 2024 summit, the Department of Industries of the Bihar government showcased the state's strategic initiatives, reforms and investment opportunities to select diplomats. The Bihar Business Connect 2024 - Ambassadors' Meet presented the policies and initiatives of the state government to the global audience as a precursor to the Summit scheduled for December 19-20, 2024, in Patna, according to an official statement....Read More
VMPL New Delhi [India], December 10: Hari Darshan, a leading incense brand from Delhi, has been awarded the coveted title of "Best Brand of Northern India" at the 9th edition of the Agarbatti and Perfume Expo. This esteemed event, organized by Incense Media, a prominent industry forum, took place in Hyderabad from November 21st to 23rd at Itech Exhibition Center. Goldy Nagdev, the dynamic entrepreneur and Managing Director of Hari Darshan Group, proudly received the award on behalf of the comp...Read More
New Delhi: PwC India's report, titled Global Entertainment and Media Outlook 2024-28: India Perspective, brings promising insights into the country's showbiz industry. The report reveals that Indian entertainment and media industry is projected to surpass the global growth rate of 4.6 per cent by achieving a compound annual growth rate (CAGR) of 8.3 per cent. It is on its way to reaching a market size of Rs 365,000 crore (USD 44.2 billion) by 2028. So, where does India rank globally? The United...Read More
(Bloomberg) -- Indian bonds are poised to gain while the rupee is set to weaken as analysts bet on a softer monetary policy after the government named career bureaucrat Sanjay Malhotra as the new Reserve Bank of India governor. Most Read from Bloomberg Malhotra, a surprise pick, will take charge from Shaktikanta Das under whom the RBI kept borrowing costs unchanged for almost two years. While Malhotra's views on monetary policy are largely unknown, he recently urged revenue officials to priori...Read More
SOLAPUR, India (Reuters) - India is likely to produce a record amount of sugar in the next marketing year from October after millions of farmers expanded cane cultivation, encouraged by ample water supplies and declining prices of competing crops, farmers and industry officials told Reuters. The rebound in production would allow the world's second-largest sugar producer to resume exports in 2025/26, they said, after a lack of rain cut cane yields and led to two years of restrictions. Indian ex...Read More
The Indian government is set to auction 27 coal blocks across several states on Thursday. This 11th round of commercial auctions includes 20 new blocks (10 fully and 10 partially explored) and 7 re-offered blocks from a previous round. The initiative aims to boost regional economies and generate nearly 20,000 jobs, with an estimated annual revenue of Rs 1,446 crore.The government will offer 27 coal blocks across various states as it launches the fresh round of commercial mine auction on Thursday...Read More
Markets opened on a cautiously optimistic note on Wednesday, with the Sensex and Nifty showing marginal gains, while investors closely monitored global economic indicators and upcoming domestic policy decisions. The Sensex opened higher at 81,036.22 from its previous close of 80,845.75 and is currently trading at 81,168.92 as of 9.45 am, up by 323.17 points or 0.40 per cent. Similarly, the Nifty opened at 24,488.75 compared to its previous close of 24,457.15 and is now at 24,558.20, rising by 10...Read More
With demand surging in Bengaluru and in the agriculture sector, the Bangalore Electricity Supply Company (Bescom) has proposed a tariff hike of 67 paise per unit for FY 2025-26 in its first Multi-Year Tariff (MYT) application filed before the Karnataka Electricity Regulatory Commission (KERC). The power utility has also proposed a steep tariff hike of 75 paise per unit for 2026-27 and 91 paise hike for 2027-28. According to sources in Bescom, the tariff hike has been proposed based on the proje...Read More
Pointing to the increase in the country's stature in the world forum, he asked how, under these circumstances, the promises made to farmers cannot be fulfilled. "Policy-making is not on right track," he added.. Jagdeep Dhankhar's comments come amid a spike in farmer protests. Vice President Jagdeep Dhankhar took up the farmers' issue and questioned the government on their behalf today, directing most of his queries at the Union agriculture minister. Pointing to the increase in the country's st...Read More
Air India Express has announced four new flight routes to bolster the connectivity of Bhubaneswar. The new flight routes will connect Bhubaneswar to Jaipur, Lucknow, Kochi, and Patna. These cities are not only important regional centres but also vibrant cultural hubs, offering enhanced access to business and tourism. The launch of the services is set to take place in early 2025. Jaipur and Kochi: The flights to Jaipur and Kochi will commence on 3rd January 2025, with services scheduled four tim...Read More
India's housing market is booming, with 2024 projected to be the best year yet. Over 300,000 homes worth ₹510,000 crore are expected to be sold across the top seven cities, driven by economic growth and infrastructure improvements. Sales in the first nine months already reached nearly 230,000 homes, indicating continued robust demand and rising capital values.India's housing property market continues to remain on a strong footing, with the year 2024 expected to end as the best year ever in term...Read More
Nisus Finance Services IPO | Investors have subscribed for 1.32 crore equity shares on Wednesday compared to offer size of 45.56 lakh shares through 10,487 applications. The initial public offering of Nisus Finance Services Co was oversubscribed on the first day of bidding, i.e. December 4, at 2.92 times on strong demand across categories of investors. The transaction advisory services, and fund and asset management services provider aims to mop up Rs 114.24 crore through public issue of 63.46...Read More
TECNO is launching the groundbreaking PHANTOM V2 Series, redefining standards in foldable smartphones. With the strongest fold, largest battery, and innovative features, the series promises unmatched reliability, productivity, and style. Launch set for December 6, it aims to elevate user experiences across creativity and everyday life. In a bold move set to redefine the landscape of foldable smartphones, TECNO is gearing up to launch its highly anticipated PHANTOM V2 Series on December 6. Promi...Read More
As per tax rules, homemaker wives with no income can avoid TDS on FDs exceeding Rs...Read More If one's wife is a homemaker, it can help one save on income tax. While many people invest in various schemes to reduce their tax liability, it's often not enough. Opening a fixed deposit (FD) account in one's wife's name will not only provide guaranteed returns but also help in saving tax. Investing in fixed deposits has always been a popular choice. It's safe and the return is guaranteed. However, ...Read More
He pointed out that both nations, while revitalising their semiconductor industries, are also working with Taiwan, paving the way for a transformative partnership in this vital sector. "Japan is today revitalising its semiconductor sector, and India, after a very long period of neglect, has announced a semiconductor mission. There are a lot of things happening. It is interesting that both of us also happen to be working with Taiwan. I'm seeing the beginnings of something potentially important h...Read More
The project will help develop a state-wide WHS master plan considering micro catchment areas and disaster risk management. This will guide the creation of water security plans at the village level to be managed by the village employment councils, watershed management committees and water users' associations. The project will support the construction of 532 small water-storage facilities across 12 districts. These facilities will incorporate climate-resilient designs to capture and manage heavy ...Read More
The Reserve Bank of India raised the interest rate caps on Foreign Currency Non-Resident Bank (FCNR-B) deposits to attract more capital inflows, amid pressures on the rupee. Starting December 6, banks can offer higher rates -- up to 400 basis points for 1-3 year deposits and 500 basis points for 3-5 year deposits -- until March 31, 2025. This move comes as the rupee faces volatility.The Reserve Bank of India on Friday announced a raise in the interest rate caps on the Indian diaspora's foreign c...Read More
Phase I of the 2024-25 placement season at IIT Kharagpur started on December 1. Within the first 24 hours, the graduating batch received over 800 job offers, including pre-placement offers (PPOs). The recruitment drive saw strong participation from leading global firms despite a challenging job market, says IIT-K. Advertisement https://images.indianexpress.com/2020/08/1x1.png As many as nine students received offers exceeding Rs 1 crore, with the highest package reaching Rs 2.14 crore. 13 stu...Read More
PNN Hyderabad (Telangana) [India], December 6: We are thrilled to announce that ABSYZ Software Consulting, a Youngsoft company, and a trusted Salesforce partner since 2014, has been elevated to Salesforce Summit Partner status, the highest recognition within the Salesforce consulting ecosystem. This milestone highlights ABSYZ's unwavering commitment to excellence, innovation focused on customer needs, and delivering transformative results for clients through its global Salesforce implementation...Read More
New Delhi [India], December 6 (ANI): After a steep correction in October 2024, where the Nifty 50 index fell around 6 per cent and closed 8 per cent lower than its all-time highs, FII outflows reduced in November, a sharp drop from October outflows says a report by JM Financials. The benchmark index remained largely flat in November, reflecting a calmer trading environment. Foreign Institutional Investor (FII) activity also exhibited a notable slowdown in selling pressure. FII outflows reduced...Read More
Koraput, Dec 6 (PTI) Thirty-six-year-old Raimati Gheuria, a tribal woman from Odisha's Koraput district who has conserved 72 varieties of traditional rice and 30 types of millet has been conferred with an honorary doctorate by Odisha University of Agriculture and Technology (OUAT) for her remarkable contributions to agriculture. President Droupadi Murmu conferred the honorary doctorate to Raimati at the 40th Convocation of OUAT on Thursday. Raimati of Nuaguda village in Koraput district, affec...Read More