New Delhi [India], December 3 (ANI): Cement prices have fallen to a five-year low due to intense competition in the sector, according to a report by Yes Securities. The report noted that despite attempts to raise prices in recent quarters, these hikes were rolled back due to subdued demand, reflecting weak market dynamics. It said, "The backdrop of intense competition has led to weak pricing, and cement prices have currently dropped to a five-year low..... In the near term, we don't expect...Read More
Intensifying its crackdown on influencers, markets regulator Sebi on Monday restrained seven entities, including Mohd Nasiruddin Ansari, who ran unauthorised investment advisory services in the name of 'Baap of Chart', for up to one year. The regulator also directed the entities -- Nasiruddin Ansari, Rahul Rao Padamati, Tabraiz Abdullah, Asif Iqbal Wani, Golden Syndicate Ventures Pvt Ltd (GSVPL), Mansha Abdullah and Jadav Vamshi -- to refund Rs 17.2 crore within three months. Ansari runs a pr...Read More
New Delhi [India], December 3 (ANI): India's real estate sector is entering a "sweet spot," supported by a unique combination of favourable factors expected to drive growth over the next three to five years, according to a UBS report. The report highlights multiple tailwinds for the residential sector, including record-low inventory levels, strong affordability, supportive regulations, and increased consolidation among developers. Additionally, factors such as urbanization, rising incomes, and...Read More
Flipkart is launching "Flipkart Minutes," a 10-minute medicine delivery service in select metro cities, leveraging its last-mile delivery network and partnerships with licensed local pharmacies. Targeting a high-demand market, this service aims to differentiate with swift logistics, competitive pricing, and free delivery, with plans to expand to more major Indian cities....Read More
From user-friendly interfaces to competitive profit margins, several platforms have emerged as favorites among traders in 2024. As binary options trading continues to gain traction in India, many investors are eager to identify the platforms that deliver the best results. With a growing number of options available, traders need to understand the features and benefits of each platform to find one that suits their needs. From user-friendly interfaces to competitive profit margins, several platfor...Read More
The data shared by Singh showed that over 75 percent of these fatalities occurred in five states -- Maharashtra, Madhya Pradesh, Uttarakhand, Tamil Nadu, and Kerala. Maharashtra, with 46 tiger deaths, led with a slight margin from Madhya Pradesh, which finished a close second at 43. Uttarakhand was a distant third with 21 deaths, roughly half of Madhya Pradesh's total. The number of tiger fatalities in Maharashtra and Madhya Pradesh remains shocking, despite a significant increase in government...Read More
YORK, UK - In a move to strengthen its position in the equine health market, Animalcare Group Plc (AIM: ANCR) has announced the conditional acquisition of Randlab, a prominent Australian equine veterinary business. The deal, valued at A$120 million (approximately £62.2 million), is expected to significantly boost Animalcare's earnings in 2025. The purchase agreement, involving Animalcare's newly formed subsidiary Animalcare Australia Pty Ltd, encompasses Randlab's entire issued share capital, i...Read More
NEW DELHI, Dec. 3, 2024 /PRNewswire/ -- At PMEC 2024, ACG Inspection will be launching its groundbreaking Life Sciences Cloud - a complete end-to-end analytical and traceability solution which aims to deliver production quality, manufacturing efficiency and transformational supply chain traceability, which empowers our customers to create a healthier world. As the pre-eminent integrated service provider of oral dosage, producing capsules, encapsulation, tabletting, barrier packaging materials, ...Read More
Dhaka [Bangladesh], December 3 (ANI): There was no relief for Hindu Spiritual leader Chinmoy Krishna Das who was arrested on alleged sedition charges. On Tuesday a Bangladesh court set January 2, 2025 as the next date of hearing in the case. Chinmoy Das who is currently in custody is expected to remain in jail. The Daily Star Bangladesh reported that the Chattogram court deferred to January 2 the hearing on the bail petition of Chinmoy Krishna Das. Chattogram Metropolitan Session Judge Saiful I...Read More
LONDON - Conversant Capital LLC, an investment firm based in Wilmington, Delaware, has notified International Workplace Group plc (IWG) and the Financial Conduct Authority (FCA) of a significant change in its shareholding. The firm crossed the 1.91% threshold of voting rights attached to IWG shares on November 25, 2024. The notification, classified as a voluntary disclosure, was made to reflect the direct acquisition of shares by Conversant Capital. As per the details provided, the investment f...Read More
Hong Kong, December 3, (ANI): Mainland Chinese shoppers are once again flocking to stores in Hong Kong, but this time, their focus is on purchasing sanitary towels and other feminine care products, rather than infant formula, cooking oil, or Yakult drinks. This shift in shopping habits is driven by concerns over reports of contaminated and discoloured cotton fillings in similar products sold in mainland China. These safety issues have led many consumers to seek alternatives in Hong Kong, where ...Read More
The GoM on GST has proposed raising taxes on sin goods like cigarettes, tobacco, and aerated beverages to 35% from the current 28%, impacting stocks like ITC and Godfrey Phillips. (Read more below) The Group of Ministers (GoM) on Goods and Services Tax (GST) rate rationalization has proposed significant changes to tax rates, sparking debates and market reactions. Among the headline recommendations is a steep tax hike for sin goods like aerated beverages, cigarettes, and tobacco products, raisin...Read More
Family members, along with protestors, gather in large numbers on the college premises demanding action against the college management Hyderabad: Mild tension prevailed at two private junior colleges in Bachupally and Ghatkesar on Tuesday, with the family members and student groups staging a protest on the death of two intermediate students who died by suicide allegedly due to pressure from the college staff and managements on Monday. Following the suicide of Pragya Reddy, a second year interm...Read More
Why Is Indian Railways Called Indian Railways, Not Indian Railway? UPSC-Level Question Solved Double Olympic medalist and badminton star PV Sindhu is set to tie the knot with Hyderabad-based Venkata Datta Sai on December 22 in Udaipur. The couple's wedding announcement follows Sindhu's recent triumph at the Syed Modi International tournament in Lucknow, where she ended a long title drought. According to Sindhu's father, PV Ramana, the decision to hold the wedding in December was based on Sindh...Read More
HMSI reported strong domestic and export figures in November 2024 and also marked their entry into the electric mobility segment with Activa e: and QC1 Honda Motorcycle & Scooter India (HMSI) has reported a 5.56% YoY growth with both domestic sales and exports on the rise. The company sold a total (domestic + exports) of 4,72,476 units in Nov 2024, a 24,900 unit volume increase over 4,47,849 units sold in Nov 2023. Its month-on-month (MoM) sales however, saw a drastic decline by 20.91% from 5,9...Read More
The Centre has detected goods and services tax (GST) evasion worth Rs 824.14 crore by crypto exchanges, such as Binance, WazirX, CoinDCX, and CoinSwitch Kuber, the Lok Sabha was informed. However, it has recovered only Rs 122.29 crore, including interest and penalty. In a written reply on Monday, Minister of State for Finance Pankaj Chaudhary said the Binance group company accounted for the largest amount of GST evasion, worth Rs 722.43 crore, but no recovery has been made by the finance minis...Read More
The Group of Ministers (GoM) has proposed significant GST rate changes across 148 items, including tobacco, aerated beverages, health insurance, and garments. Ahead of the 55th GST Council meeting set to take place in Jaisalmer on December 21, the Group of Ministers (GoM) has proposed significant GST rate changes across 148 items, including tobacco, aerated beverages, health insurance, and garments. The proposed hike in GST for demerit or sin goods such as aerated beverages, cigarettes, and to...Read More
Rupee has maintained its position as one of the best performing Asian currencies, despite the ongoing challenges and geopolitical crisis in the Middle East. Pankaj Chaudhary, Minister of State for Finance on Monday said that this stance indicates India's strong economic fundamentals. In a written reply in the Lok Sabha, he mentioned that Rupee's is market-determined, not limited to any target or specific level. He noted that, as of November 19, 2024, the domestic currency had dropped 1.4 perce...Read More
C2C Advanced Systems shares made a strong debut on the NSE SME Emerge platform on December 3, listing at a premium of 90 percent at Rs 429.40 against the issue price of Rs 226. The much-anticipated listing came despite an earlier postponement, which saw a setback for the company after over 3.72 lakh applications worth Rs 27 crore were withdrawn following regulatory action by the Securities and Exchange Board of India (SEBI). C2C Advanced Systems, a vertically integrated defence electronics sol...Read More
By 12:47 IST, the Sensex had gained 560.47 points, or 0.70%, reaching 80,808.55, while the Nifty 50 increased by 161.70 points, or 0.67%, standing at 24,437.75. Dr. V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services, highlighted the market's inherent resilience, as evidenced by its recent recovery. At present, the market is focusing more on potential policy responses to the slowdown in GDP growth rather than the slowdown itself. The rebound in banking stocks observed yes...Read More
Taking an eco-friendly step, the University of Jammu has announced a ban on the entry of four-wheelers on the campus with effect from 5 December. Taking an eco-friendly step, the University of Jammu has announced a ban on the entry of four-wheelers on the campus with effect from 5 December. Prof Prakash Antahal, Chief Proctor, said that the University had been planning for a long time to implement this Green Campus initiative. However, the decision was delayed due to non-availability of a desi...Read More
The escalating U.S.-China trade tensions are evident with Washington's new semiconductor curbs. China's potential retaliation could target U.S. firms like Intel and PVH Corp. Beijing's tools include the Unreliable Entities List, export controls on critical minerals, and dual-use curbs, impacting numerous technology sectors. The U.S.-China trade tensions are escalating due to Washington's recent semiconductor industry restrictions on China, sparking fears of potential reprisals from Beijing. Ch...Read More
Adani Ports, Adani Enterprises, Shriram Finance, UltraTech Cement, and Cipla were the top gainers on the Nifty. Benchmark indices Nifty and Sensex extended morning gains driven by strength in public sector banks ahead of the RBI MPC meet outcome on Friday. Heavyweight stocks like HDFC Bank and Reliance Industries also contributed to the rally on December 3. Broader markets also showed strength with mid- and small-cap indices rising 0.7 percent each. At noon, the Sensex was up 538.04 points or ...Read More
This was a significant drop from the 6.7 per cent growth recorded in the previous quarter and fell short of Morgan Stanley's forecast of 6.3 per cent and the consensus estimate of 6.5 per cent. The slowdown was evident in both private consumption and capital expenditure (capex), although private consumption outpaced capex, growing by 6 per cent compared to 5.4 per cent. On the other hand, the services sector demonstrated resilience, growing at 7.1 per cent, while the industry sector lagged at ...Read More
The report highlighted that the group has taken substantial measures to strengthen its financial position and operational efficiency over the last two years. One of the notable developments is the dramatic reduction in share pledges across the group's companies over the last 1.5 years. For instance, share pledges in Adani Power have dropped from 25 per cent to 1 per cent, and for Adani Ports, from 17 per cent to nil. It said "the evolution of share pledges for the group there has been a dramat...Read More
To achieve this, the RBI has advised banks to organize special campaigns focused on activating inoperative or frozen accounts. Additionally, banks have been encouraged to facilitate Aadhaar updates for customers at branches that provide Aadhaar-related services. This initiative aims to assist account holders, particularly those from underprivileged sections of society, in reactivating their accounts with ease. RBI said "The banks may also organise special campaigns for facilitating activation ...Read More
Dhaka: A writ petition has been filed in the Bangladesh High Court seeking a ban on the broadcast of Indian TV channels in the country citing growing concerns over the impact of Indian media on Bangladeshi culture and society, Dhaka Tribune reported. Lawyer Ekhlas Uddin Bhuiyan, who filed the petition on Monday, is seeking a directive under the Cable Television Network Operation Act 2006 to prohibit the broadcast of Indian TV channels. It also asks why a rule should not be issued instructing a...Read More
When financial needs arise, relying on multiple funding sources can be a smarter choice than sticking to a single option. When financial needs arise, personal loans often come to the rescue. Whether you're planning a wedding, consolidating debt, or dealing with an emergency, personal loans offer a quick and flexible solution. However, relying solely on a single funding source may not always be the smartest move. Exploring multiple funding options can provide financial stability, better terms, a...Read More
Key U.S. data this week includes the job openings due later in the day, the ADP employment report on Wednesday and the payrolls report on Friday. "The next big thing is going to be the payrolls on Friday night because it'll tell us whether the Fed is essentially going to green-light the interest rate cut in a couple of weeks," said Kyle Rodda, financial market analyst at Capital.com. Fed Governor Christopher Waller on Monday said with inflation still forecast to fall to 2%, he is inclined "at ...Read More
The report highlighted that the investors appear to be exercising caution, reflecting a shift in confidence toward new market entrants. It said, "A mix of disappointing IPO listing and a sharp decline in market sentiments has resulted in reduction in IPO subscription in last 2 months." The report stated that during the current financial year (FY2024), 54 IPOs have been listed, of which 38 are trading above their issue price, suggesting a mixed performance. It added that the historical data fr...Read More