Tamil Nadu's economy to reach $2.6 trn by 2047-48; need capex of $111 bn: Report

A report jointly released by CREDAI and Knight Frank reveals projections for Tamil Nadu’s nominal Gross State Domestic Product (GSDP) to reach approximately USD 2.6 trillion by the fiscal year 2047-48, a substantial increase from the previous fiscal year’s USD 294 billion.

81% managers believe text-based resumes will vanish in 5 yrs

81 percent of India’s hiring managers expect text-based resumes will be obsolete in the next five years, according to a study.

RUBBER PRICES CONTINUE TO SOAR, THREATEN TO HIT TYRE MKT

The market expects it to climb by another 10% in a couple of months if supply does not improve. With the rubber sector in India entering a lean season Seta delays in import due to the Red Sea crisis, a spurt in supply looks unlikely

Marathi actor Chinmay Mandlekar gets Shivaji Maharaj Gaurav award

Noted Marathi actor Chinmay Mandlekar has been honoured with the Chhatrapathi Shivaji Maharaj Gaurav Puraskar for his contribution to the field of arts.

Woman alleges rape in upscale Worli residence, accused son of industrialist on the run

A 21-year-old woman came forward on Friday, using social media to recount an alleged incident of being drugged and raped on January 13 in a luxurious Worli bungalow.

Fatal motorcycle crash claims two lives on Lalbaug flyover

Tragedy struck early Saturday morning as two men lost their lives when their motorcycle collided with the divider on the Lalbaug flyover. Police suspect the involvement of alcohol, speculating that the duo was returning from a party.

MAHARASHTRA GREENERY FACES THREAT AS BPCL RECEIVES APPROVAL TO CUT OVER 11,000 TREES

In a move to reduce its carbon footprint, Bharat Petroleum Corporation Ltd (BPCL) has received approval from the Bombay High Court to cut down more than 11,000 trees, including 10,582 mangroves, for a pipeline project spanning 43 km from its refinery in Mahul, Chembur, to Rasayani in the Raigad district.

Punjab and Haryana High Court Issued Directions For Declaring Proclamation, Orders Police To Obtain Documents Like Passport, Ration Card On Arrest

The Punjab and Haryana High Court in the case observed and has issued the set of directions to the police authorities and Courts to ensure strict compliance of procedures established under the Code of Criminal Procedure, 1973 for the proclamation of offenders.

Allahabad High Court Upholds Condonation Of 1365 Days Delay On Sufficient Cause Commercial Tax

The Allahabad High Court in the case M/S Royal Sanitations vs. Commissioner of Commercial Tax observed and has upheld the condonation of delay of 1365 days by the Commercial Tax Tribunal in filing of appeal as it was sufficiently explained by the authorities.

SUPREME COURT CAUTIONED AORS TO BE CAREFUL WHILE FILING PETITIONS, ALLOWS WITHDRAWAL OF BIZARRE PIL CHALLENGING ARTICLE 20 AND ARTICLE 22 OF THE CONSTITUTION

The Supreme Court in the case P.K. Subramanian v The Secretary Department of Law And Justice And Anr. observed and has allowed the withdrawal of a controversial PIL which challenged Article 20 and Article 22 of the Constitution of India and reminded the Advocates-on-Record, AoR to be mindful while signing the petitions, especially considering the great responsibility the designation of an Advocates-onRecord, AOR holds towards the Court.

CCI: EXCLUSIVELY GRANTED TO KERALA STATE ROAD TRANSPORT CORPORATION BY KERALA GOVERNMENT IN PUBLIC INTEREST IS NOT ANTI-COMPETITIVE

The Competition Commission of India, CCI in the case In Re: Mr.Shine P. Sasidhar, Advocate and Kerala State Road Transport Corporation observed wherein the bench comprising of Ravneet Kaur, the Chairperson, Mr. Anil Agrawal, the Member, and Ms. Sweta Kakkad, Member closed the complaint filed by Mr. Shine P. Sasidhar, the Informant against Kerala State Road Transport Corporation, OP wherein it alleged contravention of provisions of the Competition Act, 2002, Act.

UK and India urged to combat global conflict

British Home Secretary James Cleverly has lauded the UK-India relationship as a “force for good,” emphasizing the need for both countries to collaborate on global issues.

PAK SEEKS $2B LIFELINE FROM CHINA

UAE rolled over Pakistan’s 2 billion loan, and Saudi Arabia deposited 5 billion in support.

CNH India: $50M investment and 105HP tractor launch in May 2024

The Italian-American company CNH, specializing in off-road construction and agriculture, is set to invest up to $50 million in the Indian farm machinery sector this year.

Binny Bansal exits Flipkart board, launches oppdoor startup

The departure of Flipkart Co-Founder Binny Bansal from the board of the Walmart-owned e-commerce company, which he co-founded 16 years ago with Sachin Bansal, has been officially confirmed.

Akasa Air orders 300+ LEAP-1B engines from CFM International

During the state visit of French President Emmanuel Macron to India, Akasa Air and CFM International revealed a deal to acquire over 300 CFM LEAP1B engines for the propulsion of 150 Boeing 737 MAX aircraft.

CEAT CAPITALIZES ON REPLACEMENT TYRE SURGE WITH RISING PV SALES

Tyre maker CEAT Ltd aims to capitalize on the growth in passenger vehicle sales in India, expecting a boost in demand for replacement tyres

Dec sees 431 infra projects with a Rs 4.82 trillion cost overrun

As many as 431 infrastructure projects, each entailing an investment of Rs 150 crore or more, were hit by cost overrun of more than Rs 4.82 trillion in December 2023, an official report stated.

Ola unveils e-bike service in Del, Hyd; plans 10K EVs across cities

Ride-hailing giant Ola introduced its e-bike service in Delhi and Hyderabad last Friday, marking a significant expansion for the SoftBank-backed company.

NCCF Launches 'Bharat' Brand of 'Dal' at subsidised prices in TN

The National Cooperative Consumers’ Federation of India Limited (NCCF), a unit of the Ministry of Consumer Affairs, Food, and Public Distribution, Government of India, has launched the ‘Bharat Dal’ brand in Tamil Nadu to sell high-quality pulses and rice to consumers at a subsidised price.

EXPORTS FROM KOL PORT GRAPPLES WITH RISING FREIGHT, RICE BAN, GLOBAL TENSIONS

Freight charges, especially for West Coast destinations, have surged by 30-50% since Dec 2023 due to the escalating conflict in Red Sea

Budget and fed decision drive market rollercoaster

The upcoming week in the stock markets is expected to be influenced by several key factors, with analysts highlighting the interim budget presentation, US Federal policy decisions, and corporate earnings announcements as major drivers.

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.