Shriram eyes wealth management in FY25

Chennai-based conglomerate Shriram Group is poised to venture into the wealth management sector in the upcoming financial year, pending regulatory approval from the Reserve Bank of India (RBI) for its foray into asset reconstruction activities.

India's reserves dip $2.8 billion

India’s foreign exchange reserves experienced a decline of USD 2.795 billion, reaching USD 616.143 billion in the week ending January 19, 2023, as per the latest data from the Reserve Bank of India (RBI).

HDFC stumbles, drags market down with Rs 1.16 trillion erosion

Last week witnessed a collective dip of Rs 1.16 lakh crore in the market valuation of seven out of the top10 most-valued companies, with HDFC Bank experiencing the most significant decline. During the holidayshortened week, the BSE benchmark dropped by 982.56 points or 1.37 percent.

FOREIGNERS DUMP INDIAN STOCKS, RS 24,734 CRORE DISAPPEARS

FPI-driven corrections followed by a substantial December influx propelled Indian benchmark stock indices, contributing to a 2023 total inflow of Rs 171,107 crore.

SpiceJet raises Rs 744 crore from investors in first tranche

Promoter Ajay Singh-led airline SpiceJet said it has completed raising the first tranche of capital infusion worth Rs 744 crore through the allotment of securities on a preferential basis.

HERO MOTOCORP EXPANDS WITH MAVRICK 440, FLEX-FUEL LAUNCH

Unveiling the next frontier in mobility, Hero MotoCorp has made its foray in the midweight category with the much-anticipated Mavrick 440 motorcycle. With a rich legacy of delivering reliable and efficient motorcycles and scooters, the company is set to redefine the dynamics of the 400cc segment.

ASIA-PACIFIC CO TO TRIPLE GEN AI INVESTMENTS

In a recent study conducted by the Infosys Knowledge Institute, companies across the AsiaPacific region are anticipated to significantly increase their investments in Generative Artificial Intelligence (Gen AI), reaching a total of $3.4 billion by the year 2024.

NGT forms committee to address proposed tree felling in Kerala's Ernakulam district court

The National Green Tribunal (NGT) has formed a committee to verify the factual scenario and implement corrective measures concerning the proposed tree felling in a village located in Kerala's Ernakulam district.

SC HALTS PROCEEDINGS ON WEST BENGAL FAKE CERTIFICATES

In a special sitting on Saturday, the Supreme Court intervened in the proceedings before the Calcutta High Court concerning the West Bengal fake certificate matter and issued notices to the state government and other relevant parties.

SUPREME COURT HALTS CONTEMPT PROCEEDINGS AGAINST NETFLIX

The Supreme Court has stayed the contempt proceedings initiated by the Karnataka High Court against OTT Platform Netflix for airing the documentary 'Wild Karnataka' despite a judicial order restraining its streaming.

DELOITTE INDIA EXPECTS GROWTH COULD BE AS HIGH AS 7.2% THIS FISCAL YR

India's economic outlook appears optimistic as the country heads into a new year, with near-term growth potentially around 6.9 per cent-7.2 per cent, according to Deloitte India's recent economic outlook report.

Tata Motors adds automatic transmission to CNG Tiago, Tigor

In an effort to revolutionise the CNG segment in the country, Tata Motors has introduced automatic transmission in its CNG vehicles, a first in the industry, and opened bookings for Tiago and Tigor iCNG AMT.

AUTO INDUSTRY SEEKS STABILITY IN BUDGET 2024

India’s automotive industry is banking on the Government’s continued thrust on policy stability, spurring investment and infrastructure development in Budget 2024 which have, as part of the Government’s proficient and agile handling of fiscal policy issues in the last few years amidst global volatility and significant geopolitical risks, successfully shielded the Indian economy from major headwinds and catalysed the automotive industry.

SKM EGG PRODUCTS REPORT STRONG GROWTH, LONG-TERM POTENTIAL

Egg is a wholesome nutritious food with high nutrient density because in proportion to their calorie count, they provide 12% of the daily value for protein and a wide variety of other nutrients like vitamins, essential amino acids, and minerals.

UNCTAD worries over global trade; CRISIL assesses India's sectoral impact

The United Nations Conference on Trade and Development (UNCTAD) has expressed concern over the escalating disruptions in global trade stemming from geopolitical tensions that have escalated following Houthiled attacks disrupting shipping in the Red Sea.

FIEO SEEKS HIGHER ALLOCATION FOR MAI, AEPC SINGLE GST ACROSS MMF CHAIN

Ahead of the Interim Budget 2024, Indian exporters have sought from the Finance Ministry, budgetary support for conducting research and development (R&D) activities through tax exemptions, development of a global shipping line of India to optimise transport service charges, increased allocation for Market Access Initiative (MAI) scheme, financial outlay for the District as an Export Hub (DEH) scheme and extension in sunset clause for new manufacturing companies till 31 March, 2027

GOVT MAY EXPAND PMJDY, RAISE CAPEX OUTLAY BY 16.5% IN FY25

When Finance Minister signalled the final stage of preparations for the Interim Union Budget 2024 with the commencement of the Halwa Ceremony on 24 January that heralds the start of Budget document printing, it was much more than the symbolic practice which every year acts as an integral prelude to the most awaited financial event of the year.

TWELVE FROM MAHARASHTRA CHOSEN FOR PADMA AWARDS

Former Union minister and Uttar Pradesh governor Ram Naik, renowned music director Pyarelal and noted Marathi filmmaker Rajdutt are among the 12 personalities from Maharashtra selected for Padma awards this year.

DELHI HIGH COURT REFUSED T0 SUSPEND SENTENCE OF KULDEEP SINGH SENGAR’S BROTHER CONVICTED FOR DEATH OF VICTIM'S FATHER

The Delhi High Court in the case Jaideep Singh Senger @ Atul Singh v. CBI observed and has refused to suspend the sentence of the brother of expelled BJP MLA Kuldeep Singh Senger, who is convicted for causing the death of the father of the 2018 Unnao rape victim.

Maldives President greets India on Republic Day amid diplomatic tensions

Amid the ongoing diplomatic row betweenNew Delhi and Male, Maldives President Mohamed Muizzu extended his greetings to India on the occasion of 75th Republic Day.

PRESIDENT MACRON LAUDS FRENCH CONTINGENT AT INDIA'S 75TH REPUBLIC DAY PARADE

French President Macron expresses gratitude for the great honor’ as France participates in India’s 75th Republic Day Parade, highlighting the reciprocal exchange following PM Modis visit to France in 2023

ED raids Essel Group in RFL money laundering probe

The Enforcement Directorate on Thursday said it raided companies of the Essel Group in Mumbai and recovered “incriminating” documents as part of its ongoing money laundering investigation linked to alleged diversion of funds worth over Rs 2,000 crore from Religare Finvest Limited (RFL).

Flipkart claims 48% E-commerce market share, Meesho tops growth: AllianceBernstein

Walmart group firm Flipkart continues to dominate the e-commerce segment with 48 per cent market share while Softbank-backed Meesho has emerged as the fastest growing e-commerce platform in terms of user base in India, a latest report by AllianceBernstein said.

PUNJAB NATIONAL BANK Q3FY24 NET PROFIT JUMPS 253% YOY TO ₹2,223 CR

PNB's Q3 FY24 Net profit soars 253% YoY to Rs 2,223 crore; strong growth in net interest income and digital transactions

D2M broadcasting tech anticipated for the upcoming yr

Mobile Direct (D2M) broadcasting technology is anticipated to be accessible to the general public by “next year,” as stated by a senior government official, who expressed confidence in its coexistence with the internet. D2M technology facilitates the direct broadcast of video and other multimedia content to mobile phones, eliminating the need for an active internet connection.

OPEN AI BLOCKS AI USE IN POLITICAL CAMPAIGNS AND ELECTION INFLUENCE

Theapproach involves enhancing platform safety by promoting accurate voting information, implementing measured policies, and enhancing transparency

Airbus partners with Tata Group to set up India's first helicopter

In a major boost to ‘Make in India’, Airbus Helicopters has announced that it is partnering with the Tata Group to establish a Final Assembly Line (FAL) for helicopters in the country. The FAL will produce Airbus’ best-selling H125 helicopter from its civil range for India and export to some of the neighbouring countries.

30,000 Indian students studying in France by 2030

In a significant move to foster academic collaboration, the French government, under President Emmanuel Macron’s leadership, has set an ambitious target of hosting 30,000 Indian students in its universities by 2030

Dwindling rice stores, steady appetite push India prices to record highs

The surge in parboiled rice prices from India comes amid concerns over the country’s rice output. With the first expected decline in eight years, there’s heightened attention on New Delhi’s potential extension of export curbs to stabilize food prices. The evolving situation underscores the delicate balance between meeting international demand and ensuring domestic food security, especially as political considerations become increasingly relevant in the lead-up to elections.

REVOLUTIONIZING CREDIT FOR MILLIONS IN INDIA

Regulatory action against predatory Chinese lending apps in India has shifted focus to utilizing the Unified Payments Interface UPI) to expand credit offerings, especially among lower-income individuals.