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PLANNING TO INVEST IN SME IPOs? KNOW SEBI'S NEW RULES

The Securities and Exchange Board of India (SEBI) has proposed new regulations for SME (Small and Medium Enterprises).

BMW India to hike model prices by up to 3% from Jan

Luxury carmaker BMW India on Friday said it will increase prices of its entire model range by up to 3 per cent from January next year.

PNC Infra gets NHAI nod to transfer 100% stake in 3 arms to Highways Infra Trust

Infrastructure company PNC Infratech on Friday said it has received approval from NHAI to transfer a 100 per cent stake held by it in its three subsidiaries (SPVs) for Uttar Pradesh road projects to Highways Infrastructure Trust.

Centre completes auction of 3 coal blocks, to yield annual revenue of ₹2,710 crore

The Coal Ministry executed the mining agreements for three coal blocks with successful bidders on Friday.

India to offer $4-$5 bn in incentives for electronics production

India is aiming to expand its electronics mfg to $500 billion by the fiscal year 2030, including production of components worth $150 billion

S&P Ratings says US allegations may renew questions on governance practices at Adani

The indictment of Adani Group's founder Gautam Adani by US prosecutors could renew questions over the ports-to-energy conglomerate's governance practices and damage its reputation, S&P Global Ratings said Friday.

Air India to offer integrated aircraft maintenance engineering programme

The BMTO will be housed close to Air India's new 12-bay MRO facility in Bengaluru

NCLT clears way for meetings of Vedanta shareholders, creditors

Mining major Vedanta Ltd on Friday said the Mumbai bench of the NCLT has asked the company to call for a meeting of its secured and unsecured creditors and shareholders in the next 90 days to discuss the proposed demerger.

Zomato to join BSE Sensex, replacing JSW Steel from Dec 23

Online food delivery giant Zomato will become a part of the benchmark BSE Sensex, replacing JSW Steel from December 23.

FTA talks with India to relaunch early in 2025: UK PM tells Parliament

The Free Trade Agreement negotiations with India are expected to significantly boost the estimated GBP 42-billion-a-year bilateral trade partnership. It will be relaunched early in the new year, Prime Minister Keir Starmer has informed the UK Parliament.

MSEZ partners with Italy's MIR Group for ₹1,500 cr green facility

The facility will also provide energy-efficient design consultancy and retrofitting services

Ola Electric cuts 500 jobs across verticals

Ola Electric Mobility is cutting 500 jobs across verticals and levels as part of a restructuring exercise, according to people aware of the development.

Govt funds 28 innovators to build solutions to curb tomato price volatility

The government has funded 28 innovators to develop scalable solutions to control volatility in tomato prices and improve the value chain, Consumer Affairs Secretary Nidhi Khare said.

Avaada Group to invest ₹5,800 cr to develop 1,200 MW pumped hydropower storage proj in Raj

Green energy solutions provider Avaada Group has said it will invest Rs 5,800 crore to develop a 1200MW pumped hydropower storage project in Rajasthan.

India among top 10 nations with AI readiness

India is among the top ten countries in Artificial Intelligence (AI) readiness, and the country holds immense potential for public sector transformation through AI, according to a report.

RBI imposes penalty of ₹6.14 million on RBL Bank for breach of KYC norms

The Reserve Bank of India on Friday imposed a fine of Rs 6.14 million on RBL Bank for non-compliance of 'know your customer' norms, it said in a release.

India could strengthen position in sectors like AI & chips amid Trump return: Motilal Oswal

India has the opportunity to increase its global supply chains in sectors like artificial intelligence (AI) and semiconductors, amid potential shifts in U.S. trade policies, according to a report by Motilal Oswal.

India's forex reserves fall to 4-month low of $657.89 bn

India's foreign exchange reserves posted their biggest weekly fall on record to an over four-month low of $657.89 billion in the week ended Nov 15, as the central bank kept up with its dollar sales intervention to prevent a sharp depreciation in the Indian unit.

RBI asks some bks to trim big bets against rupee in spot mkt

RBI nudged some big state-owned, private and foreign banks to cut their large positions against the rupee, currency dealers told Informist

Gilts end off lows; traders cover short bets ahead of weekend

Prices of government bonds ended off lows as traders covered their short bets, limiting risk ahead of the weekend, dealers said.

Sebi proposes appointment process for MII key officials

Markets regulator Sebi on Friday proposed a process for appointing or removing specific key officials of stock exchanges and other market institutions, along with a cooling-off period before they can join a competing institution.

India's Nov flash composite PMI up as services activity rises

Soaring new biz gains and export sales supported output growth across India's private sector economy in November

Consumer demand recovery in Oct boosts hopes for stronger performance in 2HFY25: Report

The consumer demand recovery that began in October is raising expectations for a stronger second half of FY25, according to Systematix Institutional Equities report.

Include coking coal in list of critical minerals: Niti report

The European Union has declared coking coal as a critical raw material along with 29 other raw materials

Bulls roar on Dalal Street, Sensex and Nifty up over 2%

SHARP RECOVERY | Sensex reclaims 79k level, Nifty surges 557 pts

Nine teachers suspended

The election process for the Dindori Assembly Constituency faced notable disruptions, including the suspension of nine teachers for absenteeism and a temporary halt in polling at a Trimbakeshwar station due to a meal break.

NCP (SP) nominee seeks repoll in Beed

NCP (SP) candidate Rajesaheb Deshmukh on Thursday accused the workers of rival parties of indulging in poll-related malpractices like bogus voting, in Parli constituency in Maharashtra's Beed, and demanded repoll at 12 sensitive polling booths.

Authorities ready for counting

The Parbhani district administration is ready for the counting of the assembly polls 2024 for four assembly constituencies in the district, including Parbhani, Jintur, Pathri, and Gangakhed, to be held on Saturday.

Vidnyan Parishad holds session

The Marathi Vidnyan Parishad, Nashik, hosted an enlightening lecture on 'Planets, Destiny, and Success', aimed at fostering rational and scientific thinking.

Beed cop booked for corruption

An inquiry in a corruption case against a suspended policeman in Maharashtra's Beed district has revealed that he had amassed disproportionate assets worth Rs 2.07 crore, an official said on Friday.