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Ola Electric continued to dominate the market in November as well and maintained market leadership, followed closely by TVS Motor and Bajaj Auto The domestic Electric Two-Wheeler (E2W) market continues its upward sales trajectory with annual sales exceeding the milestone of one million in November 2024. As per the data available on Vahan, E2W registrations went up by nearly a 30 percent YoY (year-on-year) in November 2024, reaching 1,18,944 units The country's e2W sales for the first 11 months ...Read More >
Finance Ministry has on December 2 scrapped the windfall tax on aviation turbine fuel (ATF), crude products, diesel and petrol products. "Notification nos 29/2024 and 30/2024 dated 2.12.2024 issued with immediate effect for withdrawal of windfall tax i.e special additional excise duty (SAED) levied on production of crude and export of ATF, SAED and Road and Infrastructure Cess (RIC) on export of petrol and diesel. Notification laid in the parliament," said Finance Ministry. Imposed in July 202 ...Read More >
ASTER DM Healthcare (ASTERDM) board has approved merger with Quality care that makes them third largest healthcare chain by revenue and bed capacity in India. The deal was transacted at swap ratio of 57.3: 42.7 in favor of Aster shareholders. We believe transaction was done at 26% premium from ASTERDM relative to Quality Care despite similar pre IND AS EBITDA adjusted for minority based on FY25E, which is justified and done at fair value in our view given higher growth profile for AsterDM. Our b ...Read More >
The JSW Group has lined up $70 billion of capital investments over the few years in sectors steel, cement, energy and paint besides an ambitious foray into automobiles. In a wide-ranging interview with Moneycontrol, Sajjan Jindal, Chairman and Managing Director, JSW Group spoke about the group's business roadmap, his passion for sports and how the Jindal brothers compete in business while maintain family ties. Edited Excerpts: Mr. Jindal, welcome to Moneycontrol. There is a lot of talk about pr ...Read More >
NTPC's green subsidiary has a robust project pipeline and is more competitive than its peers Unlock this article at ₹1 Highlights - Quarterly performance largely backed by improved realisations - Medium-term triggers China plus and protectionist measures for tyre industry - Valuations not inexpensive; but improved medium-term outlook ...Read More >
Harsh Bardhan was a 2023-batch recruit of the Karnataka cadre. (Image: @siddaramaiah/X) Harsh Bardhan, a young IPS officer, died in a road accident while on his way to assume his first posting in Karnataka's Hassan district. The 26-year-old officer, a 2023-batch recruit of the Karnataka cadre and a resident of Madhya Pradesh, had recently completed his training at the Karnataka Police Academy in Mysuru. The accident occurred on Sunday near the Kittane border on the Hassan-Mysuru Highway when t ...Read More >
Sitara Ghattamaneni, the young daughter of Telugu superstar Mahesh Babu, had a truly unforgettable experience at Dua Lipa's highly anticipated live concert in Mumbai on November 30, 2024. The young starlet was spotted enjoying the concert with her mother, actress Namrata Shirodkar, and her friends Sukriti and Aadya, the daughters of renowned filmmakers Sukumar and Vamsi Paidipally, respectively. Sitara Ghattamaneni, the young daughter of Telugu superstar Mahesh Babu, had a truly unforgettable e ...Read More >
The weather body also issued an orange alert for Ernakulam, Idukki, Thrissur and Palakkad. India Meteorological Department (IMD) revised its earlier alert issued in Kerala to red for four districts in the state, forecasting extremely heavy rains on December 2. According to the weather forecaster, Malappuram, Kozhikode, Wayanad and Kannur are expected to experience extremely heavy rainfall on Monday. Though the weather agency earlier placed Kottayam and Pathanamthitta under an "orange" alert t ...Read More >
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While approving the project in 2020, the Union government had asked the state to induct coaches under the lease model to reduce project costs A Karnataka Cabinet meeting on November 28 approved the state's share of Rs 2,135 crore for the purchase of 306 train coaches (rolling stock) for the Bengaluru suburban railway project. "The estimated cost for the rolling stock for the project is Rs 4,300 crore, out of which the state will bear Rs 2,135 crore (50 percent) and the remaining 50 percent wil ...Read More >
In a series of posts on X on November 27, Musk stated his intention to expand gaming through innovative applications of artificial intelligence. Elon Musk has announced his plans to disrupt the video game industry with an AI-driven gaming studio. The announcement came after Musk responded to a tweet from a fan who criticised the current direction of the gaming industry. xAI to launch AI game studio: Here's what we know Musk, a longtime gamer and avid Diablo 4 player, responded to a twee ...Read More >
Until three years ago, being a specialist like a microfinance lender or catering exclusively to affordable housing or consumer loans helped, especially in raking premium valuations. Today, being a jack of all trades is helping lenders position themselves better amidst concerns emerging in various pockets of the financial services sector Doctors and lawyers go through this dilemma a lot - should they be doing everything or should they opt for something more focused. About twenty years ago, a g ...Read More >
We at moneycontrol use cookies and other tracking technologies to assist you with navigation and determine your location. We also capture cookies to obtain your feedback, analyse your use of our products and services and provide content from third parties. By clicking on 'I Accept', you agree to the usage of cookies and other tracking technologies. For more details you can refer to our cookie policy. Please select (*) all mandatory conditions to continue. ...Read More >
While India's growth story remains intact, market returns may moderate in the near term after two years of outperformance. After a sharp correction from the record highs of September, the equity market is widely anticipated to swing within a range as it wavers through moderating earnings growth, consumption slowdown, lofty valuations, and other global macroeconomic headwinds. Even though a persistent sideways movement of the market is likely to drag overall returns, traders are shifting towards ...Read More >
Speaking to reporters here before leaving for Mumbai, Shinde said the decision on the next chief minister of Maharashtra will be taken "in a day or two" in another meeting of the Mahayuti coalition in the state capital. Shinde, along with Deputy Chief Ministers Devendra Fadnavis and Ajit Pawar, met Shah and Nadda late Thursday to thrash out a power-sharing pact for the next government in Maharashtra after the BJP-led coalition registered a thumping majority in the Assembly elections. "We will ta ...Read More >
Zee Entertainment Enterprises Ltd (ZEEL) shares rose 5% on November 29 a day after shareholders rejected proposal to reappoint Punit Goenka as director. The media firm's shares rose over 5% to Rs 132.69 apiece on November 29. In a regulatory filing by the company on November 28, ZEEL said that the resolution for the reappointment of Goenka was defeated in the annual general meeting (AGM) of the company. Resolution number three in the AGM, which proposed the reappointment of Goenka as director ...Read More >
We at moneycontrol use cookies and other tracking technologies to assist you with navigation and determine your location. We also capture cookies to obtain your feedback, analyse your use of our products and services and provide content from third parties. By clicking on 'I Accept', you agree to the usage of cookies and other tracking technologies. For more details you can refer to our cookie policy. Please select (*) all mandatory conditions to continue. ...Read More >
The Congress leadership was aware it was losing ground to the ruling Mahayuti following the gains made during the Lok Sabha elections in Maharashtra, several party leaders privy to an internal survey less than a month ahead of the November 20 elections have said, adding that the outcome shouldn't exactly come as a shock. As per a report in The Indian Express, several party leaders it spoke to admitted that a survey conducted in 103 "strong MVA seats" showed the Maha Vikas Aghadi ahead in only 4 ...Read More >
The Municipal Corporation of Delhi (MCD) topped the list of complaints, receiving 3,238 grievances in 2024-an almost fourfold increase from 905 last year Reflecting a growing public frustration over environmental degradation, pollution-related complaints in Delhi-NCR have seen a spike of 33 percent this year as compared to previous years, according to data shared by CPCB. During the period between October 2021 and September 2023, a total of 9,345 complaints were registered on social media plat ...Read More >
Shrima Rai, Aishwarya Rai Bachchan's sister-in-law and the wife of Aditya Rai, recently responded to trolls on social media addressing accusations that she was using her association with Aishwarya Rai to seek attention and fame. Shrima Rai, a former banker turned beauty blogger, addressed online trolls in an Instagram post following a recent story where she shared a picture of a bouquet, thanking Abhishek Bachchan's sister Shweta and her husband Nikhil Nanda. She also addressed the backlash she ...Read More >
Addressing a media briefing here, Goyal also said he is looking forward to working with his counterpart in the United States once the official processes are over and the new government takes charge. President-elect Donald Trump is a "friend of India" and India-US friendship will only continue to blossom and grow further, Commerce and Industry Minister Piyush Goyal said on Thursday. Trump, during his election campaign, had alleged that India, among all major countries, imposes the highest tarif ...Read More >
India's corporate earnings should pick up in the next two quarters, veteran investor and Managing Director of MK Ventures Madhu Kela said on November 28, adding that he sees the market setup as 'constructive' after signs of 'euphoric moments' in some spaces and companies. In conversation with CNBC-TV18, Madhu Kela said government's capex expenditure was slow due to recent elections as well as the monsoon factor, both of which are out of the way now. The Centre too indicated recently that the ca ...Read More >
Kylian Mbappe hoped his move to Real Madrid would finally end his wait to win the Champions League. That felt a long way off on Wednesday after a 2-0 defeat to Liverpool left the defending champion in danger of being eliminated from European club soccer's elite tournament at the first stage and in a fight just to make the playoffs for the next round. If Madrid does make an early exit, Mbappe may look back on a miserable night at Anfield where he was humbled by a young defender and then missed a ...Read More >
How to protect eyes: Vitamin C plays a vital role in maintaining eye health by combating oxidative damage and promoting vascular health. This powerful antioxidant helps protect delicate eye tissues from pollution-induced stress (Image: Canva) Pollution exposes your eyes to harmful particles, increasing oxidative stress, a condition where the body's natural defense against free radicals is compromised. With the retina's high metabolic activity, it becomes especially susceptible, leading to condi ...Read More >
Even in FMCG companies that reported a slowdown in Q2, the premium portion of their portfolios grew in double-digits. With the September quarter earnings season all wrapped up, the picture on the cards is clear, there's a broad-based slowdown in urban consumption across product categories. However, in the eye of the storm, the 'Affluent India' theme remains buoyant, seeing no pressure despite waning demand from the urban population, suggested Arnab Mitra, India Consumer Analyst, Goldman Sachs. ...Read More >
NASA astronauts celebrating Thanksgiving aboard the International Space Station NASA astronaut Sunita Williams, along with her fellow crew members aboard the International Space Station (ISS), is celebrating Thanksgiving far above Earth. Despite being in orbit for nearly six months, the crew is keeping the holiday spirit alive with a festive meal and heartfelt traditions. In a message shared from space, Williams expressed her excitement for the holiday and emphasized the importance of stay ...Read More >
Phillip Hughes played 26 Tests, 25 ODIs and one T20I for Australia lost his life three days before his 26th birthday. Sean Abbott was seen wiping away tears as family and friends paid tribute to the late Australian cricketer Phillip Hughes on Wednesday to mark the 10-year anniversary of his tragic death after being struck on the neck while batting. Abbott bowled the fatal delivery that struck Hughes during a Sheffield Shield match between New South Wales and South Australia in 2014 at the Sydne ...Read More >
At its analyst meet, LTIMindtree (LTIM) highlighted the proliferation of AI across the value chain and the company's readiness to capitalize on this new opportunity. AI is fundamentally transforming the way clients and system integrators are functioning, and LTIM aims to be at the forefront of this change. The company's pivot to AI - AI in everything, everything for AI, and AI for everyone - has started reaping benefits, with AI now being a key part of the recent deal wins. The management outlin ...Read More >
Aditi Rao Hydari and Siddharth treated fans to a glimpse of their breathtaking wedding in Rajasthan, sharing dreamy pictures from the special day. The couple looked resplendent in Sabyasachi ensembles, exuding elegance and timeless charm. Their second wedding ceremony took place at the Alila Fort Bishangarh, a magnificent heritage retreat known for its regal beauty and historic allure. Aditi and Sidharth shared new pictures in a collab post on Instagram along with the caption, "The best thing t ...Read More >
Trisha Krishnan's old video is currently circulating on Instagram from the success party of Ponniyin Selvan 1 (PS-1). This party was a celebration of the film's massive success at the box office, where it earned over Rs 460 crore worldwide, according to a Deadline report. Ponniyin Selvan 1 has become the third highest-grossing Indian movie of 2022, a remarkable achievement for a Tamil film. The movie has been widely praised for its direction, performances, and grand visuals, making it a mileston ...Read More >
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