ASSETS LEAPFROG 22% IN 2023, BREACHING RS 50 TRILLION

The mutual fund industry saw its asset base surge to an all-time high of Rs 50.78 trillion in 2023, marking the 11th consecutive yearly rise, driven by increased inflows in equity schemes, notably through Systematic Investment Plans SIPs)

Rajnath Singh Makes Historic Visit: First Indian Defence Minister In The UK In 22 Years

Rajnath Singh To Visit UK, First By Indian Defence Minister In 22 Years. Rajnath Singh's previously planned visit to the UK in June 2022

MOST INDIAN IPO HOPEFULS IN 2024 STILL BLEED RED INK

Fintech startups in India encountered a significant funding decline in 2023, aggregating $2 billion, marking a substantial 63% drop from the previous year's $5.4 billion, as indicated by Tracxn's data reported by the media.

Red Sea Crisis May Push Costs For Traders

The increasing Red Sea crisis may impact trade as it is expected to push shipping and insurance costs for exporters, and to deal with the situation the government should consider extending financial assistance to exporters, a report by economic think tank GTRI said on Saturday.

Disturbing video of Uber driver watching videos sparks safety concerns

In a concerning incident, a passenger shared a video on social media showing an Uber driver watching videos with earphones on while navigating through traffic.

SUPREME COURT TO PRONOUNCE JUDGEMENT ON PLEA MOVED CHALLENGING REMISSION OF BILKIS BANO CASE CONVICTS ON JAN 8

The Supreme Court in the case observed wherein the batch of petitions is filed challenging the premature release of convicts in the Bilkis Bano case.

Fusion of tech and agriculture paves the way for a sustainable tomorrow

Agriculture, the cradle of human civilization, stands as the bedrock of our existence.

Dragon oil expands investments in Turkmenistan with signed MoU in UAE

Dragon Oil Company, wholly owned by the Government of Dubai, signed a Memorandum of Understanding (MoU) with Turkmenbet Company(Turkmenistan Oil).

New management recruits' average pay surges 40% in 2 years

The average salary of management graduates of Institute of Management Technology, Ghaziabad has increased by as much as 40 per cent in the 2022-23 placement cycle, as compared to the previous two years, according to a study.

VIBRANT GUJARAT SUMMITS GARNER $55 BILLION FDI OVER TWO DECADES

Elaborate security arrangements have been put in place in Gandhinagar for next week's Vibrant Gujarat Global Summit 2024 including 3-D mapping of venues with drones

VINFAST'S $500M INVESTMENT FOR FIRST EV MANUFACTURING UNIT IN INDIA

VinFast's $2 billion electric vehicle plant in Thoothukudi, Tamil Nadu, aims to generate economic and sustainable transportation prospects in India

Sikkim's Remote Villages Embrace Financial Inclusion

On Saturday, Union Finance Minister NirmaOR la Sitharaman commended the Sikkim government for its contribution to achieving widespread financial inclusion in the Himalayan state, extending to remote villages and habitats.

Indian fintech funding plunges 63% in 2023, reaching $2 billion

In 2023, financial technology (fintech) startups in India witnessed a notable decline in funding, amassing a total of $2 billion—a stark 63% drop from the previous year’s $5.4 billion, according to data sourced from Tracxn and reported by Financial Express (FE).

M-cap of 6 of top 10 firms lose Rs 57,408 cr; TCS worst hit

The market capitalization of six out of the top 10 most valued firms witnessed a decline of Rs 57,408.22 crore last week, with Tata Consultancy Services (TCS) and HDFC Bank experiencing the most significant setbacks, aligning with subdued trends in the equity market.

FPIS INJECT RS 4,800 CR INTO EQUITIES IN JAN'S FIRST WEEK ON ECONOMIC BOOST

In 2023, the cumulative Foreign Portfolio Investor (FPI) inflows amounted to Rs 1.71 trillion in equities and Rs 68,663 crore in the debt markets

VINFAST UNVEILS $2 BN INVESTMENT FOR EV MANUFACTURE

VinFast, the Vietnamese electric vehicle (EV) giant, has revealed intentions to build a state-of-the-art integrated EV facility in Tamil Nadu. Through an official statement released on Saturday, the company affirmed its dedication to investing up to $2 billion into this ambitious initiative.

Godrej Consumer reports steady global growth

Godrej Consumer Products Limited reported that its organic business maintained consistent underlying volume growth in the midsingle digits for the quarter ending on December 30, 2023.

GAIL SIGNS LNG SUPPLY DEAL AND BIOENERGY PACT

State run GAIL (India) Limited and Vitol Asia Pte Ltd, have announced the signing of a long term Liquefied Natural Gas (LNG) deal into India for a supply of approximately one million metric tons of LNG per annum for a period of about 10 years, commencing 2026.

Plea in Delhi HC over man's death after 4 hospitals deny treatment

A plea has been filed in the Delhi High Court, drawing attention to a recent incident where a man, who jumped out of a moving police van, reportedly succumbed to his injuries as four government hospitals in the national capital allegedly denied him treatment.

Varanasi court sets Jan 24 to decide on ASI report disclosure

A Varanasi court on Saturday scheduled January 24 for deciding whether to make public the sealed Archaeological Survey of India (ASI) report on the Gyanvapi mosque complex and provide copies to the involved parties.

HC ORDERS HOTEL WILDFLOWER HALL HANDOVER TO HPTDC

In a major setback for East India Hotels (EIH) of the Oberoi group, the Himachal Pradesh High Court passed an order directing EIH to surrender possession of Hotel Wildflower Hall to the Himachal Pradesh Tourism Development Corporation (HPTDC) within two months.

TOYOTA HIKES VEHICLE PRICES BY UP TO 2.5%

Toyota Kirloskar Motor on Friday said it has increased prices of its vehicles ranging from 0.5% to 2.5% on select models and variants with effect from January 1, 2024.

Hyundai to launch CRETA adding 70 plus safety features

Hyundai Motor India L(HMIL), is set to disHTML rupt the mid-size SUV segment and mobility experience with the launch of the much awaited avatar of its game-changing SUV, the new Hyundai CRETA on 16 January, 2024, even as the Korean auto giant set a historic record with the highest ever domestic sales in a calendar year, of 6,02,111 units, a 9 per cent increase over the previous year's 5,52,511 units and export growth of 10 per cent, shipping 1,63,675 units in CY2023 compared to 1,48,300 units in CY2022.

Tata launches first advanced Pure EV architecture

Tata Passenger Electric Mobility (TPEM), introduced its first advanced Pure EV architecture – acti.ev (Advanced Connected Tech-Intelligent Electric Vehicle) and will underpin future products from the TPEM portfolio. Punch.ev will be the first product based on this pure electric architecture, which will spawn a variety of products with multiple body styles and sizes.

INDIA TO EXHIBIT AUTO TECH, INNOVATION STRENGTH

Commerce and Industry Minister Piyush Goyal has set an ambitious target of a 50 per cent global export share for India’s automobile industry as the home stage gets ready to showcase the country’s prowess in the mobility space at “Bharat Mobility Global Expo 2024”, from 1-3 February, 2024.

147 MoUs worth Rs 1.35 lakh crore eye investment opportunities

Setting the stage for the Vibrant Gujarat Global Summit (VGGS) 2024 in Gandhinagar from 10-12 January, the state government has signed 147 Memorandum of Understanding (MoUs) with various industries, representing a potential investment of INR 1.35 lakh crore and creation of 7.59 lakh potential employment opportunities.

RED SEA WOES DRIVE EXPORT SETBACKS

Escalating tensions in the Red Sea have started impacting India's exports due to increasing freight costs and insurance premiums as shippers have to take longer routes to reach destinations like the US and Europe, an official said on Friday.

TEXTILES, PHARMA, FISHERIES POWERED INDUSTRIAL REVOLUTION IN GUJARAT IN TWO DECADES

A land of vibrant cultural heritage and traditions, Gujarat has undergone industrial evolution in the last two decades riding on the success of key sectors like textile, pharmaceuticals, diamond and fisheries, officials have said.

PM GatiShakti drives sustainable infrastructure development

The 63rd Network Planning Group (NPG) meeting, held at Vanijya Bhawan, New Delhi, under the leadership of Special Secretary (Logistics), DPIIT, Sumita Dawra, witnessed detailed discussions on three crucial infrastructure projects valued more than Rs 5,000 Crore. According to a press release by the Ministry of Commerce and Industry, the meeting, attended by representatives from key Ministries and Departments, aimed to enhance multimodal connectivity, strategically bypass congested areas, and stimulate socioeconomic development.

TEXTILE INDUSTRY WOES DUE TO GEOPOLITICAL REASONS, SAYS RAKESH MEHRA

Amidst geopolitical conflicts and Government’s ambitious targets of USD 350 bn textile industry and USD 100 bn in exports, Rakesh Mehra, Chairman of Confederation of Textile Industries (CITI) tells Sunday Guardian his Budget expectations and the challenges facing the industry