Global shares slip again as rate cut euphoria fades

Global stock markets extended their New Year decline on Wednesday, while the dollar remained strong.

SC GRANTS SEBI 3-MONTH EXTENSION FOR ADANI-HINDENBURG CASE PROBES

The Supreme Court mandated that Sebi wrap up its inquiry into the other two Adani group cases within three months

Potential for record 114M Tonnes of wheat in India

Theat production is anticipated to achieve a new record of 114 million tonnes in the current crop year of 202334, owing to increased coverage, provided normal weather conditions persist, according to a senior official from the food ministry on Wednesday.

B'DESH'S FX RESERVES STAND AT $17.20 BN, LITTLE SHORT OF IMF'S RELAXED TARGET

In January last year, the International Monetary Fund (IMF) approved a USD 4.7 billion loan for Bangladesh and fixed a minimum Forex Reserve, referred to as the Net International Reserve (NIR), at USD 26.81 billion by end of December 2023

ONGC Videsh eyes oil as option to recover $600M from Venezuela dividend

Venezuela has agreed to give some oil to India's ONGC Videsh to help it recoup its pending $600 million dividend for a stake in a project in the South American nation, India's oil secretary said on Wednesday.

PM MODI LAUNCHES PROJECTS WORTH RS 1,156 CRORES IN KAVARATTI

Prime Minister Narendra Modi inaugurated and laid the foundation stone of projects worth Rs 1,156 crores in Kavaratti

MoPNG awards 10 blocks under 0ALP Bid Round-VIII 3 CBM blocks under bid round-'22

In a crucial step in ensuring India’s energy security, Ministry of Petroleum and Natural Gas (MoPNG) on Wednesday signed contracts for 10 blocks awarded under Open Acreage Licensing Policy (OALP) bid Round-VIII and three coal bed methane (CBM) blocks awarded under special CBM Bid RoundSCBM 2022.

India’s electric two-wheeler sales surge 36%

The electric two-wheeler segment in India witnessed a substantial surge in sales during 2023, marking a notable 36.07% increase to reach 8,59,269 units compared to the previous year's sales of 6,31,476 units.

Hotel rates spike 7-10% nationwide, 15% in Delhi Mumbai

The Indian hospitality industry is gearing up for a potential surge in hotel rates by 7-10% in 2024, driven by robust economic growth and sustained demand across the country.

‘No fuel price relief yet, but ethanol boost saves Rs 24,300 crore’

India's Ministry of petroleum and Natural Gas, led by Union Minister Hardeep Singh Puri, addressed concerns regarding fuel price cuts amidst the ongoing volatility in crude oil prices.

INDIA'S MANUFACTURING PMI AT 18-MONTH LOW IN DEC AT 54.9, ON LESSER NEW ORDERS

Though the expansion in manufacturing activity fell from 56.0 in November, the sector’s performance remained above the critical threshold of 50, which signifies expansion and has been maintained for the 30th consecutive month

Mumbai museum's docent program offers learning opportunity for PG History students

The Chatrapati Shivaji Maharaj Vastu Sangrahalaya (CSMVS) is taking education beyond textbooks by introducing a distinctive docent program for Post Graduate (PG) students of History from Mumbai colleges. This initiative provides hands-on experience and practical knowledge in the field of history through on-the-job training at the museum.

10-YEAR PRISON TERM FOR ERRANT DRIVERS SHOULD BE REDUCED TO 1-2 YEARS: PROTESTING DRIVER

The Transport Association and drivers staged a protest against the new law on hit-and-run cases in Maharashtra’s Nagpur. The new law attracts a 7-10-year prison sentence for drivers falling foul of it. As a result of this protest, people at petrol pumps faced long queues.

MUMBAI STUDENTS' SATELLITE 'BELIEFSAT-O' SUCCESSFULLY LAUNCHED ABOARD ISRO'S PSLV-C58

The achievement of Mumbai’s K J Somaiya Institute of Technology (KJSIT) took center stage on Monday as their student satellite, ‘BeliefSat-0,’ was launched from the Satish Dhawan Space Centre in Sriharikota as part of ISRO’s PSLV-C58 mission.

DELHI HIGH COURT DECLINED INTERIM RELIEF TO 'KHADI'N TRADEMARK INFRINGEMENT SUIT; GOODWILL ACQUIRED AFTER 'TERMINUS AD QUEM' INCONSEQUENTIAL

The Delhi High Court in the case Khadi And Village Industries Commission v. Girdhar Industries And Anr observed and has refused to pass the interlocutory injunction order against two entities from using ‘Girdhar Khadi’ and ‘BR Khadi’ marks in a trademark suit filed by Khadi and Village Industries Commission.

Delhi High Court Appreciated MCD, Delhi Police For Taking Re-Possession of Public Parks Bounding Jama Masjid

The Delhi High Court in the case Mohd Arslan v. Govt Of NCT Of Delhi And Ors observed and has appreciated the Municipal Corporation of Delhi, MCD and the Delhi Police for their efforts in taking re-possession of two public parks bounding city’s Jama Masjid.

SUPREME COURT STAYED CRIMINAL DEFAMATION CASE FILED BY ROHINI SINDHURI IAS AGAINST D ROOPA IPS

The Supreme Court in the case D Roopa v. Rohini Sindhuri observed and has stayed the proceedings in the criminal defamation complaint filed by Rohini Sindhuri IAS against D Roopa Moudgil IPS.

PUNJAB AND HARYANA HIGH COURT REFUSED RELIEF TO MAN WHOSE FATHER 'DIED' IN 1984 OPERATION BLUE STAR; COMPASSIONATE APPOINTMENT MEANT FOR IMMEDIATE FINANCIAL DIFFICULTIES

The Punjab and Haryana High Court in the case Bal Amrit Singh v. Union of India and Ors. observed and has dismissed the plea moved seeking compassionate appointment to a son whose father allegedly died in 1984 Operation Blue Star.

IMF EXPECTED TO RELEASE USD 700 MILLION AS NEXT TRANCHE FOR PAKISTAN

According to the media report, the Washington-based International Monetary Fund board is scheduled to discuss and possibly give the final approval for disbursing the next tranche of USD 700 million to Pakistan under the existing USD 3 billion Stand-By Arrangement (SBA)

NSE warns against unregistered stock tips scheme on telegram

The National Stock Exchange of India Limited (NSE) issued a cautionary notice to investors regarding a Telegram channel named “Premium By Vijay,” which is allegedly providing securities market tips for trading along with promises of assured returns on stock market investments.

Godrej Properties acquires 4-acre land in North-West Bengaluru

Godrej Properties Ltd. (GPL) (BSE scrip id: GODREJPROP), one of India’s leading real estate developers, today announced that it has purchased a ~ 4-acre land parcel on an outright basis. The land is located in Yeshwanthpur abutting the National Highway - 75, one of the prime locations in Bengaluru.

VEDANTA RESOURCES GRAPPLES WITH INVESTOR CONCERNS OVER $3.2 BN BOND DEBT

Vedanta needs approval from at least two-thirds of the bondholders in each of the three instruments. On January 4, there will be a holder meeting

Truck drivers' strike halts 5 Lakh vehicles in MP: Transporters

A transporters’ organization stated on Tuesday that the striking truck drivers’ opposition to a new penal code clause regarding hit-and-run accidents involving drivers had impeded the transportation of about five lakh vehicles in Madhya Pradesh.

Ministry unveils transformative initiatives in 2023

A number of initiatives launched by the Ministry of Ports, Shipping, and Waterways marked a historic 2023 and attempted to catapult India’s marine industry into a new age.

Stable govt, favorable policies drive Gujarat's macroeconomic growth

Gujarat, propelled by a stable administration and supportive policies, has established itself as “India’s growth engine” by continuously raising the bar in macroeconomic indicators and surpassing the national average during the past 20 years, according to officials.

PM MODI UNVEILS PROJECTS WORTH OVER RS 20,000 CR IN TN

In TN, PM Modi launches new programs and projects totalling more than Rs 20,000 crore

Russian oil ships sail away from India due to payment hurdle

A fleet of vessels transporting crude oil from Russia, which had been stationary off the coast of India, is now altering its course eastwards amid growing concerns over oil payments to Moscow.

UPI hits record high with Rs 183 trillion volume in 2023

Unified Payment Interface (UPI) transactions in India achieved a new milestone in December, recording a total value of Rs 18.23 trillion and a volume of 12.02 billion, representing a 5% and 7% increase, respectively, compared to November.

Female govt workers can now choose child over spouse for pension

In a progressive move, the Ministry of Personnel, Public Grievances & Pensions announced on Tuesday that female government servants or pensioners will now have the authority to nominate their children for family pension in precedence over their husbands, particularly in cases of marital discord.

Gold prices poised to hit Rs. 70,000 in 2024

In 2023, gold experienced a consistent upward trend, closing the year with a 12% increase. Analysts suggest that the ongoing geopolitical crises contribute to the vulnerability of risk assets like gold, warranting the embedding of a structural risk premium in gold prices.