CATEGORIES

Sequential Uptick, Operating Profit Growth to Be 'Modest' as Higher Input Costs Impact Q3: Marico

The Rising Trend in Input Costs Is Expected to Result in a Higher-Than-Anticipated Gross Margin Contraction

Dabur expects low-single digit revenue growth, flattish operating profit in inflation hit Dec quarter

Dabur expects a \"low single-digit growth\" in the December quarter along with a \"flattish operating profit\" as the home-grown FMCG major faced inflationary headwinds in some of the segments.

Jamnagar sets a platform for growth for next many decades: Mukesh Ambani

Mukesh Ambani, Chairman and Managing Director, Reliance Industries Limited, addressing employees in Jamnagar on the occasion of celebrating 25 years of its flagship Jamnagar refinery, said that the Gujarat city sets a platform for growth for the next many decades, for all of Reliance family and their children.

Smartphone Market to Cross $50 Billion in Value This Year

Rising demand for premium devices, led by Apple and Samsung, is expected to increase India's smartphone market size to over USD 50 billion (about Rs 4,28,900 crore) this year, market research firm Counterpoint Technology Market Research said on Friday.

PLI Schemes to Boost Revenue of 720 Cos by $459 Bn Over Next 5 Yrs

The central government's Production-Linked Incentive (PLI) schemes could generate an incremental revenue of USD 459 billion over the next 5-6 years across more than 720 companies, according to a report by Goldman Sachs.

SBI Launches Innovation Products to Attract Deposits

In a move to attract deposits, the State Bank of India (SBI) on Friday said it has launched two new deposit schemes, Har Ghar Lakhpati and SBI Patrons, designed to provide customers with greater financial flexibility and enhanced value.

Forex reserves drop by $4.11 bn to $640.27 bn

India's forex reserves dropped by USD 4.112 billion to USD 640.279 billion during the week ended December 27, the Reserve Bank said on Friday.

NSE Achieves Record Numbers of IPOs in 2024

The Indian stock market witnessed an initial public offering (IPO) boom in 2024 as compared to any other global stock exchange, with the National Stock Exchange's (NSE) Rs 1.67 lakh crore ($19.5 billion) capital raised through them becoming the highest in the world, according to a report by the exchange on Friday.

RBI Lifts Restrictions on Arohan Financial Services

The RBI on Friday lifted the restrictions placed on Arohan Financial Services Limited with immediate effect.

RBI May Reduce Policy Rates by 50 bps in First Half of 2025

The Reserve Bank of India (RBI) is likely to cut policy rates by 50 basis points (bps) in the first half of 2025, says a report by Jefferies.

DFS Secy Launches Revamped 'BAANKNET' Portal for E-Auction of Properties as 1-Stop Destination

Financial Services Secretary M Nagaraju on Friday launched the revamped 'Baanknet' portal for e-auction of properties including commercial properties, industrial land, shops, vehicles, agricultural and non-agricultural (NA) land.

DPIIT, Startup Policy Forum Partner to Establish India as Global Innovation Hub

The Department for Promotion of Industry and Internal Trade (DPIIT), under the Ministry of Commerce and Industry, on Friday announced a partnership with the Startup Policy Forum (SPF) aimed at establishing India as a global hub for innovation and entrepreneurship.

Indian Banks to See Range-Bound 12.5% Credit Growth in 2024-25: HSBC

Credit growth of Indian banks are expected to witness a range-bound 12.5 percent growth in the current financial year 2025, HSBC Global Research said in a report, attaching a rider that slowdown in GDP growth remains a downside risk.

Rural Poverty Declines Sharply in FY24 at 4.86%

SBI Research Report

Govt Cuts Gas Allocation for LPG, Diverts to City Gas Retailers

The government has slashed allocation of natural gas used for LPG production, and diverted the low-priced fuel to city gas retailers like Indraprastha Gas Ltd and Adani-Total Gas Ltd to meet a part of their requirement for CNG/piped cooking gas supplies, according to an official order.

Sensex, Nifty tank nearly 1% on selloff in banking, IT stocks

Equity benchmark indices Sensex and Nifty buckled under selling pressure to settle nearly 1 per cent lower on Friday as investors pared exposure to bank and IT stocks ahead of the earnings season starting next week.

EV cos agree to end subsidy

AFTER EXISTING SUBSIDY REGIME ENDS

Rupee falls 4 paise to close at record low of 85.79 per US dollar

The rupee depreciated 4 paise to close at a record low of 85.79 against the US dollar on Friday, as strong dollar demand from importers and a muted trend in domestic equities weighed on investors' sentiments.

ED questions Lakhma for 8 hrs

The Enforcement Directorate team questioned the former Chhattisgarh Excise Minister Kawasi Lakhma for approximately 8 hours on Friday.

BJP to announce new district presidents on January 6

The Bharatiya Janata Party (BJP) in Chhattisgarh will announce its new district presidents on January 6, as part of the ongoing organizational elections within the party. The key element of the BJP's nationwide organizational elections, during which district heads will be selected across all 36 districts of the state.

Chhattisgarh HC rejects bail plea of MLA Devendra Yadav

The High Court of Chhattisgarh has denied bail to Bhilai MLA Devendra Yadav, who is currently in jail in connection with the Balodabazar violence case.

Dy CM Inspects PM Awas Yojana Construction

C'garh Deputy Chief Minister Vijay Sharma visited Kabirdham, where he met beneficiaries of the Pradhan Mantri Awas Yojana (PMAY) in village Tiwari Nawangaon.

Three Naxals Killed in Encounter in Gariaband

Three Maoists reportedly killed in an encounter with security forces on the Chhattisgarh-Odisha border on Friday.

Maoist threat declines, Bastar embraces development: CM

Chhattisgarh Chief Minister Vishnu Deo Sai highlighted Bastar's transformation from a region plagued by Maoist violence to one illuminated by development initiatives.

Jabarra: A thriving model of eco-tourism in C'garh

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If innocent, prove it to ED without fear, says Dy CM

Chhattisgarh Deputy Chief Minister Arun Sao has responded strongly to remarks made by Congress MLA and former minister Kawasi Lakhma, who is currently under investigation by the Enforcement Directorate (ED).

Rajim Kumbh reflects glorious heritage: CM

MAHASHIVRATRI | Annual Religious Event

Body of Missing Journalist Found in Septic Tank

Sai in X handle wrote, \"The news of the murder of young and dedicated journalist Mukesh Chandrakar ji of Bijapur is extremely sad and heartbreaking. Mukesh ji's demise is an irreparable loss for the journalism world and society. The culprit of this incident will not be spared under any circumstances. We have given instructions to arrest the criminals as soon as possible and give them the harshest punishment. I pray to God to give peace to the departed soul at His feet and provide strength to the bereaved family in this hour of grief.\"

Demand to Increase Sant Balinath Award Money

Madhya Pradesh's Minister of State for Skill and Employment, Gautam Tetwal was honoured by the Satish Karole Memorial Committee in Ujjain.

HC Permits Boy, Girl Below 21 To Live Together

The High court, Gwalior bench, has permitted a boy and a girl, both just above 18 to live together.