Online sales, ravaging monsoon, low apple production hit Diwali sales

The ongoing Diwali festivities in Shimla have been marred by a significant decline in sales, with traders reporting a 30-40% reduction attributed to various factors, including heavy discounts from online platforms, recent rain-related disasters, and low apple production.

CM Yogi gifts Rs 153 cr dev projects to UP forest dwellers

On the auspicious occasion of Diwali, Uttar Pradesh Chief Minister Yogi Adityanath immersed himself in the celebration of the festival among the ‘Vantangiya’ people, who are traditionally forest dwellers.

CM Baghel announces Rs 15k to every woman annually if voted to power

Chhattisgarh Chief Minister Bhupesh Baghel extended Diwali greetings to the people of the state and made a significant announcement, introducing the \"Chhattisgarh Griha Lakshmi Yojana.\" Under this scheme, if the Congress returns to power, every woman in the state will receive Rs 15,000 annually.

NGO LAUNCHES FREE CUTTING AND TAILORING CENTRE IN SRINAGAR

This initiative aims not only to impart valuable skills but also to create employment opportunities for women in the community.

India looks to closer ties with OPEC

Minister of Petroleum and Natural Gas Hardeep Singh Puri has called for close ties between the Organization of the Petroleum Exporting Countries (OPEC) and India, the third-largest energy consumer, crude oil importer and the fourth-largest global refiner, describing it as essential and natural. Puri's remarks came at the 6th High-Level Meeting of India and OPEC led by Haitham Al Ghais,

Palm and sun oil imports reach new highs

In the fiscal year 2022/23, markable increase in imports, with palm oil rising by 24 per cent and sunflower oil by 54 per cent, reaching unprecedented levels.

India's retail inflation softens to 4.87 per cent in October

Amid significant headwinds, India’s Consumer Price Index (CPI) led retail inflation dropped to 4.87 per cent in October 2023, on account of softening food prices. The retracing of the inflation below 5 per cent, was on expected lines.

Indian industrial sector growth expected to continue: FICCI study

According to the latest quarterly survey by the Federation of Indian Chambers of Commerce and Industry (FICCI), the manufacturing sector in India has experienced a notable acceleration in the second quarter of the 2023-24 financial year. This positive trend is expected to persist in the subsequent quarters, despite a global economic slowdown in developed nations.

Diwali trade soars to Rs 3.75 lakh crore, China's mkt share lose Rs 1 trillion

Diwali celebrations in an unprecedented surge in retail trade, reaching a remarkable figure of Rs 3.75 lakh crore. This surge signals a paradigm shift towards indigenous products, echoing the sentiments of the Vocal for Local Movement, and concurrently, China has incurred a substantial loss of over Rs 1 lakh crore.

Piyush Goyal lauds Gem's Rs 2 lakh crore GMV

The Minister of Commerce and Industry, Piyush Goyal, has taken to social media to announce a noteworthy achievement by the Government e-Marketplace (GeM).

GOI, ADB SIGN $400 MN LOAN TO BOOST URBAN INFRA IN CITIES

The second part of the programme will support investment planning and reform actions at the state and urban local body (ULB) levels.

NET PROFIT SLUMPS 50PC TO RS 7,925 CR ON LOWER PREMIUM INCOME

Life Insurance Corporation (LIC) of India on Friday reported a 50 per cent slump in its standalone net profit at Rs 7,925 crore for the July-September quarter.

Motherson to set up 10 new facilities in India

Samvardhana Motherson International (SAMIL) is investing and setting up 10 new facilities in India to support customers' growth in auto and nonauto business. Amidst an uncertain business environment, (SAMIL) posted revenue of Rs 23,474 crore with 28 per cent growth on a y-o-y basis with a healthy booked business of over USD 77 billion.

PM MODI'S VOCAL FOR LOCAL LIGHTS UP DIWALI

In an earnest expression of delight, Prime Minister Narendra Modi acknowledged the nation's radiant celebration of Diwali, emphasizing the vivid illumination in every household, attributed to the government's public welfare schemes.

SC refuses to intervene with order staying proceedings against DK Shivakumar

The Supreme Court has refused to intervene in the Karnataka High Court's interim order, which stayed proceedings against Congress leader DK Shivakumar in a case of disproportionate assets.

PAKISTAN COURT ORDERS RETURN OF EX-PM NAWAZ SHARIF'S SEIZED PROPERTY, ASSETS

An accountability court in Pakistan's Islamabad has recently ordered authorities to release all properties and assets seized from former prime minister Nawaz Sharif in 2020.

AAP LEADER MANISH SISODIA MEETS AILING WIFE

Former Delhi Deputy Chief Minister Manish Sisodia, arrested in the Delhi Liquor policy case on March 9, has come out of Tihar jail for six hours on Saturday to visit his ailing wife.

Rashmika Mandanna deep fake video: Delhi police asks meta for URL

The Delhi Police has written to Meta to provide the URL (Uniform Resource Locator) of the account responsible for circulating the 'deep fake' video featuring actress Rashmika Mandanna on social media. This move came a day after the filing of an FIR by the city police regarding the incident.

SC rejects plea for cryptocurrency regulation guidelines

The Supreme Court has refused to entertain a petition that sought a directive for the Centre and others to establish guidelines for overseeing the trading and mining of cryptocurrencies. Cryptocurrencies are decentralized digital or virtual currencies operating independently from a central bank.

AP HC POSTS CHANDRABABU NAIDU'S BAIL PETITION TO NOV 15

The Andhra Pradesh High Court has recently posted TDP chief N Chandrababu Naidu's bail petition in the Skill Development Corporation Scam case to November 15. Currently, Naidu is on a temporary bail in the case until November 28.

HERO MOTOCORP TO ENTER EUROPEAN MARKET WITH ICE PRODUCTS

Hero MotoCorp is planning a slew of strategic initiatives, including expansion of its footprint in electric mobility, enter new ICE vehicle categories and foray into Europe in 2024.

Glenmark Pharma reports consolidated revenue growth of 6.3 pc

Glenmark Pharmaceuticals Ltd. (Glenmark), a global pharmaceutical company with a research-led approach, announced its financial results for the second quarter ended September 30, 2023.

Volkswagen expands regional presence in Ajmer

Volkswagen India has inaugurated a new touchpoint in Ajmer, Rajasthan as part of its strategy to expand its network to meet the surging demand for its premium and safe mobility offerings across India.

REVOLT MOTORS TO SUPPLY E-BIKES FOR ADANI GREEN ENERGY

Electric motorcycle major Revolt Motors has bagged an order from Adani Green Energy Limited (AGEL) for environment-friendly electric motorcycles which will be supplied for the renewable energy firm's corporate fleet, aligned with AGEL's strategic priority to reduce its carbon footprint.

PVS, 3 WHEELERS IN TOP GEAR WITH HIGHEST EVER SALES IN OCTOBER

A sustained high festive sentiment in India drove India's automobile wholesales in October 2023 to 23,62,534 units, with passenger vehicles and three-wheelers recording double-digit growth last month.

MANIPAL'S PAI ACQUIRES RS 1400 CRORE DAVIDSON KEMPNER DEBT ON BYJU'S

Manipal Education and Medical Group Chairman Ranjan Pai has acquired a Rs 1,400 crore debt raised by edtech major BYJU's from Davidson Kempner, sources said.

IOL CHEMICALS AND PHARMACEUTICALS LTD EMERGES AS INDUSTRY LEADER WITH STRONG Q2 FY24 RESULTS

IOL Chemicals and Pharmaceuticals Ltd was incorporated in 1986 and is today one of the leading API pharmaceutical company and a significant player in the field of speciality chemicals.

Bharat Housing Network raises 125 Crores in Series A Funding

Bharat Housing Network, a technology platform for co-lending in affordable housing, has raised 125 crores led by NABVENTURES Fund with participation by Varanium NexGen Fund, 9Unicorns, Riverwalk Holdings, SMK Ventures, DMI Sparkle Fund, LC Nuevaand other investors.

IHCL expands presence with third Taj property

Leading hospitality chain Indian Hotels Company Limited (IHCL) of the Tata group, on Saturday announced opening of the doors of a Taj property located at New Town which will be its third luxury hotel in the metropolis after Taj Bengal and Taj City Centre.

INDIAN INDUSTRY STILL OUT OF CROSSHAIRS, DIAMOND, CRUDE OIL TRADE A LINGERING WORRY

The ongoing conflict in the Middle East, confined mainly to the Gaza region now, has caused only negligible disruption in India's trade so far.