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New Delhi, Dec 12 (VOICE) With EV sales reaching 1.2 million and achieving 5 per cent market penetration in FY24, the shift toward electric mobility is rapidly gaining momentum in India, a report said on Thursday, adding that right policy support and faster decision-making can help in fostering collaborations across stakeholders.EVs are emerging as a transformative solution, in line with India's COP26 commitment to transition to 100 per cent zero-emission vehicles by 2040. According to the KPMG ...Read More >
IIM Mumbai Placement 2025: The drive witnessed a remarkable 15% increase in average stipends. The Indian Institute of Management Mumbai (IIM Mumbai) has set new records with its placement season for the 2025 batch, showcasing its excellence in management education. The highest package is Rs 54 lakh per annum, offered by Microsoft, while Coca-Cola set a benchmark in internships with a record Rs 5 lakh stipend. Over 78 leading companies, including Accenture, Amazon, and Coca-Cola, extended a tot ...Read More >
New Delhi [India], December 11 (ANI): Prime Minister Narendra Modi is scheduled to attend the Grand Finale of the Smart India Hackathon (SIH) 2024 via video conferencing on Wednesday. According to the Prime Minister's office, PM Modi will join the event at 4.30 pm today via video conferencing. The Prime Minister, in a post on X, expressed his delight in joining the event and said, "I am looking to join a very special programme today at 4:30 PM via video conferencing - the Grand Finale of Smart ...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 >
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 >
The UK's FTSE 100 gained as energy shares rose along with oil prices, and EasyJet hit an eight-month high after positive brokerage reviews. The energy sector was buoyed by oil price increases, while miners saw gains due to copper pricing rebound. Other market movements included Marston's and SSP Group surging due to robust profit reports. On Tuesday, the UK's FTSE 100 benchmark rose, driven primarily by an uptick in energy shares following a hike in oil prices. The energy sector recorded a 1.7% ...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 >
Investing.com -- Just as the market began to show signs of peaking out after a seesaw October, Donald Trump's re-election to the White House sparked a new ferocious rally, boosting assets from big tech to small caps and financials. As a consequence, stocks notched their best month of an already fantastic year in November, with the S&P 500 gaining a whopping 5.7% and the Dow Jones Industrial Average jumping by 7.5% - closely followed by the NASDAQ Composite's 6.2% gain. But while bulls were ...Read More >
HELSINKI - Municipality Finance Plc has announced the issuance of a GBP 25 million tap under its existing Medium Term Note (MTN) program, set to commence trading on the Helsinki Stock Exchange on Monday. This new tranche increases the total nominal amount of the benchmark, originally issued on March 7, 2024, to GBP 425 million. The notes, which mature on October 2, 2028, carry a fixed annual interest rate of 4.375%. The issuance is part of MuniFin's extensive EUR 50 billion debt instrument pr ...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 >
ICICI Lombard partners with Arya.ai to leverage the Arya Apex AI platform, resulting in 98% workflow automation and enhanced customer satisfaction. This collaboration sets a new standard in the insurance industry by significantly boosting operational speed, scalability, and customer experience in just three months. ICICI Lombard, a major player in the Indian private-sector insurance market, has teamed up with Arya.ai, a leader in AI-driven enterprise solutions. Together, they are revolutionizin ...Read More >
Nifty 50, the benchmark index, opened today's session slightly higher at 23,927 versus yesterday's close of 23,914. It has appreciated after opening and is currently at 24,000, up 0.4 per cent. The advance/decline ratio of Nifty 50 stands at 37/13, a positive indication. Cipla, up 2.1 per cent, is the top gainer whereas Power Grid Corporation of India, down 1.1 per cent, is the top loser. Like the benchmark index, all mid and small cap indices are in the green. Moreover, among the sectors, alm ...Read More >
Bank Nifty began today's session slightly higher at 52,390 versus yesterday's close of 52,302. It rallied after opening and is now at 52,640, up 0.65 per cent, thus outperforming the benchmark Nifty 50, so far. The advance/decline ratio stands at 11/1, indicating a strong bullish inclination. Punjab National Bank, up 1.7 per cent, is the top gainer. Whereas Federal Bank is the only index constituent that is down so far; it has lost 0.25 per cent at the end of the first hour of today's sess ...Read More >
SynopsisA total of 210,921 shares changed hands on the counter till 12:06PM (IST)Shares of Bandhan Bank Ltd. 0.49 per cent to Rs 171.25 in Wednesday's session as of 12:06PM (IST) even as the equity benchmark Sensex traded 14.43 points at 79989.63. Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 263.15 and a 52-week low of Rs 163.00 on NSE. Around 210921 shares changed hands on the counter till 12:06PM (IST). The stock opened at ...Read More >
So, we think that there are three sectors which we classify as dark horse sectors, sectors which have not done really well from a three- to five-year perspective, where ownership levels in the street are very low and where there is a potential chance for a revival over the course of the next three years or so. Topping the list would be cement sector, then you have got the metal sector and the consumer durable sector."While indices have fallen maybe about 10%, there are multiple stocks which have ...Read More >
New Delhi [India], November 26: Presto Group is proud to initiate the India Quality Conclave 2024. Scheduled to take place on Nov 30th at Crowne Plaza, New Delhi. This exclusive gathering is a transformative platform for quality heads and industry leaders from the packaging, FMCG, and beverage sectors. Also Read | International Emmy Awards 2024 Winners: 'Drops of God', 'Division Palermo' and 'The Vow' Earn Major Honours! See the Full Winners List Here. The conclave will focus on key aspect ...Read More >
HYDERABAD, India, Nov. 26, 2024 /PRNewswire/ -- IBSAT 2024, the proctored online aptitude test conducted by The ICFAI Foundation for Higher Education, is MBA aspirants' gateway to premier MBA, PGPM offered at nine ICFAI Business School (IBS) campuses. With applications closing in the third week of December, this is the perfect time for the candidates to secure their future with IBS and explore its Rs. 10 crore scholarship program. IBSAT is designed to reduce the stress on aspirants unlike CAT, ...Read More >
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