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The Free Press Journal

Sidda rules out expansion and Cabinet reshuffle

Karnataka CM Siddaramaiah on Friday ruled out the possibility of either expanding or reshuffling his Cabinet.

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1 min  |
November 30, 2024
The Free Press Journal

Centre approves ₹3,295 crore for tourism boost

40 projects worth over Rs 3,295 crore and spanning 23 states have received a nod from the Centre for developing lesser-known destinations into iconic sites and promoting a more balanced distribution of tourists across the country.

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1 min  |
November 30, 2024
The Free Press Journal

Birsa Munda's great-grandson Mangal killed in road accident

Tribal icon Birsa Munda's great-grandson Mangal Munda, who suffered grievous injuries in a road accident, died at Rajendra Institute of Medical Science (RIMS) in Ranchi on Friday.

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1 min  |
November 30, 2024
The Free Press Journal

HOW INDIA'S HOSPITALITY INDUSTRY IS EVOLVING POST-PANDEMIC

The Indian hospitality sector has witnessed massive growth over the last two decades, reflecting the nation's growing influence on the global tourism and service industry.

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1 min  |
November 30, 2024
The Free Press Journal

Macro data, RBI meet to guide mkts next wk

The week started on a positive note for the bulls driven by the favourable outcome of the Maharashtra elections, where the BJP-led coalition party victory boosted investor sentiment.

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2 mins  |
November 30, 2024
PM Modi visualises women-led economic growth for India: FM
The Free Press Journal

PM Modi visualises women-led economic growth for India: FM

Union Finance Minister Nirmala Sitharaman on Friday asserted that PM Narendra Modi was of the view that women would steer economic growth in the country, which was on its way to becoming the third largest economy in the world.

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1 min  |
November 30, 2024
Builders, financial institutions bullish on realty sector growth
The Free Press Journal

Builders, financial institutions bullish on realty sector growth

Real estate developers and financial institutions are upbeat about growth potential of the realty sector for the six months ending March next year, according to Knight Frank and NAREDCO.

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1 min  |
November 30, 2024
The Free Press Journal

CIL arm hikes fuel price from Jharkhand mine

To earn ₹300 cr additional revenue

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1 min  |
November 30, 2024
GCMMF sees double-digit revenue growth in FY25 on high demand for Amul products
The Free Press Journal

GCMMF sees double-digit revenue growth in FY25 on high demand for Amul products

Gujarat Co-operative Milk Marketing Federation Ltd (GCMMF), which sells dairy products under the 'Amul' brand, is expecting double-digit growth in revenue during this fiscal on strong demand, its MD Jayen Mehta said.

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1 min  |
November 30, 2024
BANKS' CREDIT TO INDUSTRY GROWS BY 8% IN OCT: RBI DATA
The Free Press Journal

BANKS' CREDIT TO INDUSTRY GROWS BY 8% IN OCT: RBI DATA

Banks' credit to industry grew by 8 percent in October 2024 compared to 4.8 percent in the year-ago period, according to the RBI data released on Friday.

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1 min  |
November 30, 2024
The Free Press Journal

No bribes paid: Adani Grp CFO

Maintaining that no bribes were given to government officials to secure contracts, Adani Group's chief financial officer Jugeshinder Singh on Friday said that he would definitely come to know if any large amount was paid.

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1 min  |
November 30, 2024
The Free Press Journal

Zomato raises $1 bn through QIP

Food delivery aggregator Zomato has raised Rs 8,500 crore by selling equity shares to qualified institutional investors, mainly domestic mutual fund houses, to fund its expansion and growth plans.

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1 min  |
November 30, 2024
Leading FMCG players hike soap prices by 7-8% as palm oil rates go up
The Free Press Journal

Leading FMCG players hike soap prices by 7-8% as palm oil rates go up

Leading FMCG makers such as HUL and Wipro have hiked soap prices by around 7-8 percent to offset the impact of an increase in palm oil prices, a key raw material for the product.

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1 min  |
November 30, 2024
The Free Press Journal

Aster DM Healthcare, Quality Care India ink merger deal

Aster DM Healthcare Ltd and Blackstone-backed Quality Care India Ltd on Friday announced a merger deal through a share swap deal creating one of India's top three hospital chains.

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1 min  |
November 30, 2024
Cooperating with authorities over show cause notice: Volkswagen India
The Free Press Journal

Cooperating with authorities over show cause notice: Volkswagen India

German automotive group Volkswagen on Friday said it is extending full cooperation to authorities in India following a show cause notice over alleged customs duty fraud.

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1 min  |
November 30, 2024
Fair price of vehicles to be scrapped, will be decided by market forces: Gadkari
The Free Press Journal

Fair price of vehicles to be scrapped, will be decided by market forces: Gadkari

In a written reply to the Lok Sabha, Union Minister for Road Transport and Highways, Nitin Gadkari said that there will be no government intervention for determining the fair price for a vehicle to be scrapped.

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1 min  |
November 30, 2024
The Free Press Journal

Gilt yields slump as poor Jul-Sept GDP stokes Dec rate cut hopes

Gilt yields tumbled after a sharply slower-than-expected GDP growth in the Jul-Sept quarter raised hopes of a rate cut by the Monetary Policy Committee next week, dealers said.

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1 min  |
November 30, 2024
The Free Press Journal

NBFCs growth to remain under pressure amid loan disbursement slowdown, tighter regulations

Growth of non-banking financial companies (NBFCs) in India is expected to remain under pressure in the financial year 2025 due to a slowdown in loan disbursements and regulatory challenges, according to a report by Nomura.

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1 min  |
November 30, 2024
The Free Press Journal

Tax collections rise 10.8% in Apr-Oct

The central government's tax collections in the first seven months of 2024-25 (Apr-Mar) rose 10.8% on year at INR 20.326 trillion on the back of a 20.2% increase in income tax collections, data released Friday by the Controller General of Accounts showed.

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1 min  |
November 30, 2024
The Free Press Journal

Need to simplify GST and reduce cess: Ex CEA Subramanian

India's GST regime is very complicated and there is a need to simplify this biggest indirect tax reform introduced in 2017, former Chief Economic Adviser Arvind Subramanian said on Friday.

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1 min  |
November 30, 2024
The Free Press Journal

Sebi penalises Reliance Sec for breach of norms

Sebi on Friday slapped a monetary penalty of Rs 9 lakh on Reliance Securities for flouting market norms as well as stock brokers' rules.

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1 min  |
November 30, 2024
GDP growth disappointing but not alarming: CEA
The Free Press Journal

GDP growth disappointing but not alarming: CEA

Chief Economic Advisor V Anantha Nageswaran on Friday said that second quarter GDP growth at 5.4 per cent is disappointing but maintained that overall growth projection for FY25 at 6.5 per cent is \"not in danger\".

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1 min  |
November 30, 2024
India's vision is to become world's most efficient and trusted trade hub: Revenue secy
The Free Press Journal

India's vision is to become world's most efficient and trusted trade hub: Revenue secy

India's vision is to become the world's most efficient and trusted trade hub by expanding participation of authorised economic operators (AEOs), integrated free zones, and promoting innovative policies, Revenue Secretary Sanjay Malhotra said on Friday.

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1 min  |
November 30, 2024
Fx kitty drops to near 5-mth low of $656.58 bn
The Free Press Journal

Fx kitty drops to near 5-mth low of $656.58 bn

India's forex reserves dropped USD 1.31 billion to USD 656.582 billion for the week ended November 22, the Reserve Bank of India (RBI) said.

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1 min  |
November 30, 2024
Core sector growth rises to 3.1% in Oct from 2.4% in Sep
The Free Press Journal

Core sector growth rises to 3.1% in Oct from 2.4% in Sep

The output of India's eight core industries rose 3.1 percent on year in October, data released on Friday by the commerce ministry showed.

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1 min  |
November 30, 2024
Sensex rebounds 759 pts, Nifty ends above 24,100
The Free Press Journal

Sensex rebounds 759 pts, Nifty ends above 24,100

Majority of Adani Group firms ended higher, with Adani Green Energy soaring 21.72% and Adani Energy Solutions surging 15.56% on the BSE

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1 min  |
November 30, 2024
Fiscal deficit worsens sharply in Apr-Oct, at 46.5% of FY25 target
The Free Press Journal

Fiscal deficit worsens sharply in Apr-Oct, at 46.5% of FY25 target

Fiscal gap was at ₹7,50,824 crore during April-October period

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2 mins  |
November 30, 2024
City cricketer Imran Patel dies on field
The Free Press Journal

City cricketer Imran Patel dies on field

A 35-year-old all-rounder city cricketer, Imran Patel, collapsed on the ground while playing a league match at Garware Stadium on Wednesday evening. He was immediately rushed to a private hospital, where doctors declared him dead upon arrival due to cardiac arrest.

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1 min  |
November 30, 2024
Water storage at 96%
The Free Press Journal

Water storage at 96%

NASHIK | Positive outlook follows heavy monsoon rains in Sept

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1 min  |
November 30, 2024
CSMC HEALTH DEPARTMENT FETED FOR ELECTION DUTY
The Free Press Journal

CSMC HEALTH DEPARTMENT FETED FOR ELECTION DUTY

CSMC Medical Officer felicitated for Election Health Services. Chhatrapati Sambhajinagar Municipal Corporation (CSMC) health department made micro planning to provide medical services to the voters during the election.

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1 min  |
November 30, 2024