Mumbai, Dec 6 (VOICE) More than 3 lakh homes worth Rs 510,000 crore across 485 million square feet are expected to be sold by the end of this year, according to a new report.Housing sales remained healthy and hit a new nine months (January-September) peak in 2024, with close to 230,000 homes across the top 7 cities worth Rs 380,000 crore sold during this period. This translates into 363.2 million sq ft of space sold during January-September 2024, according to the JLL report. The surge represen...Read More
Mumbai, Dec 6 (VOICE) The RBI on Friday increased the interest rate ceilings on Foreign Currency Non-Resident Bank deposits or FCNR (B) deposits which will enable NRIs to earn more on their savings.The move is aimed at attracting more foreign capital at a time when the Indian rupee has come under pressure as foreign investors have been pulling money out of the Indian stock markets resulting in hot money outflows. FCNR(B) deposits are accounts where Non-Resident Indians (NRIs) can hold their ear...Read More
Mumbai, Dec 6 (SocialNews.XYZ) The Reserve Bank of India (RBI) on Friday announced that a pilot with two large public sector banks on its MuleHunter.AI solution to identify mule bank accounts has yielded encouraging results and urged banks to join the initiative. Banks are encouraged to collaborate with the Reserve Bank Innovation Hub (RBIH) to further develop the MuleHunter.AI initiative to deal with the issue of mule bank accounts being used for committing financial fraud, the central bank sa...Read More
New Delhi [India], December 6 (ANI): The Production Linked Incentive Scheme for Food Processing Industry (PLISFPI) has generated employment of over 2.89 lakh as of October, and an investment of Rs 8,910 crore has been made across 213 locations, according to the Ministry of Food Processing Industries . In a press release, the Ministry stated that the scheme has significantly contributed to the country's overall growth and development by scaling up domestic manufacturing, enhancing value addition...Read More
NewsVoir Pune (Maharashtra) [India], December 6: Bajaj Finserv AMC has launched its latest offering, the Bajaj Finserv Healthcare Fund, which is available for subscription from 6th to 20th December 2024. This new fund is designed to capture the immense opportunities emerging in India's healthcare space, allowing investors to tap into the evolving megatrends while building wealth over the long term. The health and wealth connection As India's population grows and ages, the demand for healthcar...Read More
Bengaluru (Karnataka) [India], December 6 (ANI): The Electricity Distribution Companies (Escoms) on Friday submitted a proposal to the Karnataka Electricity Regulatory Commission (KERC) to increase the electricity rates estimated for the next three years. KERC has initiated the rate revision process after issuing the notification for the Multi-Year Tariff (MYT) system. According to the MYT system, the Eskoms have demanded an increase of 67 to 70 paise per unit of electricity for the year 2025-2...Read More
MUMBAI/NEW DELHI -- The Reserve Bank of India (RBI) on Friday slashed its economic growth forecast for the current financial year ending in March to 6.6% from the 7.2% projected in October after seeing "much lower than anticipated" gross domestic product expansion of 5.4% in July-September. "This decline in [the July-September quarter] growth was led mainly by a substantial deceleration in industrial growth from 7.4% in Q1 to 2.1% in Q2 due to subdued performance of manufacturing companies, con...Read More
New Delhi [India], December 6 (ANI): Congress MP Deepender Singh Hooda on Friday criticized the centre for failing to fulfil its promise of implementing the Minimum Support Price (MSP) for farmers, leading to the resumption of the 'Delhi Chalo' protest. The Congress leader urged the government to engage in immediate dialogue with the protesting farmers to address their demands and resolve the ongoing agitation over the unfulfilled MSP promise. Speaking to ANI here, Deepender Hooda said, "Earli...Read More
New Delhi [India], December 6 (ANI): The Reserve Bank of India (RBI) kept its key interest rates unchanged on Friday but cut the cash reserve ratio by 50 basis points to bring enough liquidity in the banking system. The Monetary Policy Committee decided to keep the reo rate unchanged at 6.5 per cent and Cut CRR by 50 basis points to 4 per cent to infuse liquidity in the banking system and lower interest rates. Eminent economists, reacting to the RBI's says that the apex bank has opted for a du...Read More
Kolkata, Dec 6 (PTI) Air India Express, the budget-carrier arm of Air India, is embarking on a significant expansion by increasing its fleet size and introducing new routes, as passenger growth remains robust. The airline, however, has deferred plans to launch direct flights between Kolkata and Dhaka, citing the ongoing political crisis in Bangladesh. "You would recall we had announced our operational plan for Dhaka, which is a new and significant market for us. But because of the situation th...Read More
Mumbai: As the dust seems to have settled around Adani Group bonds after the recent US-related developments, global brokerage JP Morgan has said that Adani bond portfolio's liquidity is stable, giving an Overweight (OW) rating on four bonds of the Adani Group firms. In a note, JP Morgan gave OW rating on three bonds of Adani Ports and Special Economic Zone (APSEZ) and one of Adani Electricity Mumbai Ltd (AEML), a subsidiary of Adani Energy Solutions. Adani Group bonds have settled after a peri...Read More
NEW DELHI (Reuters) - The Reserve Bank of India on Friday raised the interest rate ceiling that banks can offer for foreign currency non-resident (FCNR-B) deposits to boost forex inflows at a time when the currency has been regularly hitting all-time lows. A FCNR-B is a term deposit account that non-resident Indians (NRIs) can open with banks in a foreign currency. Since the account is maintained in a foreign currency, the depositor is not exposed to exchange rate risk, making it attractive for...Read More
Nagaland Lottery Sambad Today (December 6, 2024): The conducting and playing of lottery games is completely prohibited in all other states of India, except for 13 states where these activities are permitted. Lottery games and operations have been permitted in 13 Indian states since 1967, including Nagaland. These twelve states are Assam, Mizoram, Kerala, Meghalaya, Manipur, Madhya Pradesh, Maharashtra, Goa, West Bengal, and Sikkim. Under the direction of the Finance Department, the Nagaland Sta...Read More
Mumbai: Traders loaded up shares of banks and property developers on Wednesday in a tepid market in anticipation of a cut in the Cash Reserve Ratio - the percentage of a bank's total deposits required to maintain in cash with the RBI - in the central bank's three-day Monetary Policy Committee meeting ending on Friday. Analysts favour banks over real estate companies because of cheaper valuations. The Nifty Realty Index and Bank Nifty surged 2.1% and 1.1%, respectively; while the benchmark Nifty...Read More
The Maharashtra Government has declared that December 6 - Mahaparinirvan Diwas will be a local holiday for Mumbai and its suburbs. The Maharashtra Government has declared December 6 as holiday for Mumbai and its suburbs. As a part of this local holiday, Government and semi-Government offices will remain shut in Mumbai that day. However, there is no notification from the stock exchanges and as of now neither NSE or BSE have issued any holiday circular. Therefore, the markets are not shut on Dece...Read More
Waaree Energies shares were trading marginally higher by 0.46 percent at Rs 2,709.35 per share on the NSE on December 4 at around 10:50 am, marking a sharp decline from their record high. Despite trading 8.37 percent above the listing price of Rs 2,500 on October 28, the stock has witnessed significant volatility in recent weeks. The stock has corrected by a steep 27.61 percent since hitting an all-time high of Rs 3,743 on November 6, raising questions about its long-term performance amid fears...Read More
Mumbai: Mahaparinirvan Diwas is a day to pay tribute to Dr. Babasaheb Ambedkar on his death anniversary. This year marks the 68th anniversary of Dr. B.R. Ambedkar's passing. What will be closed? The Maharashtra government has declared a local holiday for state government and semi-government offices in Mumbai and the surrounding suburban areas. According to information circulated by the Education Department's Cluster Resource Center (CRC) to all schools in Mumbai, it has been confirmed that sch...Read More
NewsVoir Mumbai (Maharashtra) [India], December 5: With the holiday spirit in the air, McDonald's India (West & South) is marking a significant milestone - the first anniversary of its widely loved global loyalty program, My M Rewards. To celebrate this journey of loyalty and love, McDonald's has launched an exciting new contest called Collect Quest, conceptualized and designed by OMD and DDB network teams. This initiative has been rolled out across various markets in Southeast Asia, to elevate...Read More
Bengaluru (Karnataka) [India], December 5: MoEngage, a leading insights-led customer engagement platform, announced today that it has achieved the Amazon Web Services (AWS) Consumer Goods Competency. As an AWS Partner, MoEngage has earned the AWS Consumer Goods Competency designation, which recognizes its expertise in delivering validated solutions to help consumer goods brands overcome operational challenges within the industry. By leveraging deep industry knowledge and proven AWS solutions,MoE...Read More
New Delhi: In a major strategic step, the Noel Tata-led Tata CLiQ has decided to rebrand the brand as Tata CLiQ Fashion. The move is seen as the company's idea to align with its "fashion-forward approach." Tata CLiQ is the e-commerce arm of the Tata Group. The rebranding marks the company's shift from being a horizontal marketplace to a specialized vertical platform focusing on fashion and lifestyle. The Tata CLiQ Fashion has unveiled a complete visual redesign, featuring a fresh logo, revamped...Read More
Mumbai, December 5: Indian stock indices staged a strong recovery on Thursday after a slow start, driven by optimism surrounding a potential rate cut in the ongoing Reserve Bank of India (RBI) Monetary Policy Committee (MPC) meeting. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, noted: "FIIs turning buyers is positive for markets, particularly for large caps. The strength in banking stocks has the potential to take Bank Nifty towards all-time highs, which could als...Read More
SMPL New Delhi [India], December 5: The Indian Dispute Resolution Centre (IDRC), in collaboration with the Bar Council of India's IIULER, successfully hosted the 3rd Arbitrate in India Conclave, 2024 on 29th November 2024, at the India International Centre, Lodhi Estate, New Delhi. This landmark event commemorated IDRC's fourth anniversary as a leading institutional arbitration center in India and the Asia-Pacific region. Vienna International Arbitral Centre, Austria joined hands with IDRC in o...Read More
Mumbai : Honda Cars India Ltd. (HCIL), a leading manufacturer of premium cars in India today unveiled and launched its much-awaited all-new 3 Generation Honda Amaze. This marks the global debut of the new generation Amaze in India, a key market for Honda globally and the first country to launch the new model. The all-new Amaze will be available at an introductory price range of Rs 7,99,900 - Rs. 10,89,900 (ex-showroom, Delhi); valid till 45 days from launch. The stylish and premium compact seda...Read More
Mumbai (Maharashtra) [India], December 5 (ANI): The Indian stock indices revived during the day on Thursday after a slow start at the opening, as investors anticipate a rate cut in the ongoing MPC meeting says market experts. The Nifty 50 index surged 165 points or 0.67 per cent to 24,628.80 points at the time of filing this report, while the BSE Sensex gained 600 points or 0.74 per cent to 81,560.61 points. Also Read | 'Animal' Actress Triptii Dimri is IMDb's Most Popular Indian Star of 2024,...Read More
New Delhi, Dec 5 (PTI) Realty firm Suraj Estate Developers Ltd has bought 1,464 square metre of land in Mumbai for Rs 101 crore to build a commercial project with an estimated revenue potential of Rs 525 crore. The company, through its wholly-owned subsidiary Iconic Property Developers Pvt Ltd, has acquired through conveyance a vacant parcel of land admeasuring around 1,464 square metres (15,758 square feet) situated at Senapati Bapat Marg, Mahim (West), Mumbai for a consideration of Rs 101 cro...Read More
New Delhi, Dec 5 (PTI) Star Agriwarehousing and Collateral Management Ltd, a tech-driven agricultural services firm, has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The proposed IPO comprises a fresh issue of equity shares aggregating up to Rs 450 crore and an Offer-For-Sale (OFS) component of 2.69 crore equity shares by promoters and an investor, according to the draft red herring prospectus (DRHP) filed on Wednesday. A...Read More
MUMBAI (Reuters) - Foreign investors have stepped up buying of Indian government bonds in the last four sessions, after weaker-than-expected economic growth data last week spurred expectations of monetary policy easing by the central bank. These investors net bought bonds worth over 90 billion rupees ($1.06 billion) under the Fully Accessible Route till Wednesday, a majority of which are part of JPMorgan's debt index, data from Clearing Corporation of India showed. Foreign investors heavily so...Read More
Hyderabad: GMR Hyderabad International Airport Limited (GHIAL) signed a Memorandum of Understanding with Young India Skill University (YISU) to enhance aviation skill development for the youth of Telangana. The partnership will provide various aviation training programs and certifications, specially designed to strengthen workforce skills and meet the growing demands of the aviation industry. The YISU is an initiative by Telangana Telangana aimed at addressing skills and employability gap withi...Read More
Mumbai (Maharashtra) [India], December 5 (ANI): The Indian stock indices revived during the day on Thursday after a slow start at the opening, as investors anticipate a rate cut in the ongoing MPC meeting says market experts. The Nifty 50 index surged 165 points or 0.67 per cent to 24,628.80 points at the time of filing this report, while the BSE Sensex gained 600 points or 0.74 per cent to 81,560.61 points. Experts noted that the markets are gaining as investors anticipate a rate cut in the M...Read More
Mumbai, Dec 4 (PTI) Electric two-wheeler maker PURE EV on Wednesday announced plans to open 250 dealerships pan-India over the next 30 months as part of a roadmap to strengthen its presence nationwide and expand globally. The expansion will be driven by the growing demand for long-range scooters, electric motorcycles, large B2B contracts, and the company's entry into the household brand space, the Hyderabad-based firm said. Besides, the company said expanding beyond India, it plans to commence...Read More