CATEGORIES

PE investments plunge 26% as global worries bite

According to a report by Anarock, private equity investments in Indian real estate experienced a decline of 26% to USD 2.65 billion in the April-December period of the fiscal year 2023-24 compared to USD 3.6 billion in the corresponding period of the previous year.

Government weighs doubling cash support for women farmers

Ahead of the impending general election, Indian Prime Minister Narendra Modi's government is reportedly contemplating a substantial increase in annual payouts to female landowning farmers, aiming to double the amount to Rs 12,000.

PM MODI FUELS INVESTMENT, MEETS GLOBAL GIANTS IN GANDHINAGAR

During his Gujarat visit, PM Modi engaged in significant discussions with global CEOs, interacted with dignitaries, and toured an exhibition promoting industrial prowess and themes like ‘Make in Gujarat’ and ‘Aatmanirbhar Bharat’

TATA MUMBAI MARATHON 2024 TO WELCOME RENOWNED RUNNER MEB KEFLEZIGHI

Procam International, the organizer of the Tata Mumbai Marathon, has announced that running icon Meb Keflezighi will serve as the ambassador for the 19th edition of the World Athletics Gold Label Race on Sunday, January 21, 2024.

WOMAN LOSES RS 5L TO CREDIT CARD FRAUD WHILE HUSBAND BATTLES FOR LIFE IN ICU

A 57-year-old woman in Powai, Mumbai, found herself a victim of cyber fraud, losing nearly Rs 5 lakh while her husband fought for his life in the intensive care unit (ICU).

PROBE LAUNCHED AFTER LETTER LEVELS RAPE ALLEGATIONS AGAINST POLICE OFFICERS

Mumbai police has initiated an inquiry into a letter allegedly written by eight women constables, levelling serious allegations of rape, sexual harassment and corruption against three officials of its motor transport department.

DELHI HC: SCHOOL CANNOT SEEK CORRECTION OF STUDENT'S INTERNAL ASSESSMENT MARKS AFTER UPLOADING ON CBSE WEBSITE

The Delhi High Court in the case Nilkanth Das And Ors v. CBSE And Ors observed and has stated that once a school uploads the internal assessment marks of a student on the website of Central Board of Secondary Education, CBSE it cannot seek any correction even if there was an error while uploading the marks.

Delhi High Court Expressed Concern Over Lack Of Medical Infrastructure For Critical Care Patients, Seeking Govt's Response

The Delhi High Court in the case Court On Its Own Motion v. Union Of India observed and has expressed concern over lack of medical infrastructure in the national capital to treat critical care patients and asked the Delhi Government as to why the infrastructure is not keeping pace with the demand.

PUNJAB AND HARYANA HIGH COURT ISSUED NOTICE TO PUNJAB GOVT, SPEAKER ON OPPOSITION LEADER'S PLEA MOVED ALLEGING BIASED TELECAST OF STATE ASSEMBLY PROCEEDINGS

The Punjab and Haryana High Court in the case Pratap Singh Bajwa v. State of Punjab observed and has issued the petition filed by Punjab’s opposition leader Pratap Singh Bajwa, wherein it alleged biased telecast of the State Assembly proceedings.

RAHUL'S YATRA & ALLIANCE QUAGMIRE

Will Congress be able to muster enough support to defeat BJP through its yatra from Mizoram to Mumbai?

Bangladesh's PM Sheikh Hasina Clinches Fourth Consecutive Term

Sheikh Hasina, the Prime Minister of Bangladesh, has secured a record fourth consecutive term as her Awami League party achieved. an overwhelming majority in the general elections marked by sporadic violence and a boycott by the main opposition BNP and its allies.

Global Village welcomes Camel Trek participants after 12-day expedition

The annual ‘Camel Trek’ participants reached the Heritage Village of the Global Village after completing a 12day journey across the UAE desert, starting from the Arada area in Abu Dhabi and concluding in Dubai.

Honda Explores $14B Electric Vehicle Production Project in Canada

Honda Motor Co(7267.T) is contemplating the construction of an electric vehicle plant in Canada as part of a nearly 2 trillion yen ($13.83 billion) initiative, potentially incorporating the internal production of batteries.

MALDIVES PRESIDENT MUIZZU IN CHINA FOR KEY BILATERAL AGREEMENTS

Maldivian President Mohamed Muizzu arrived in China on Monday on a five-day state visit during which he is due to hold talks with his Chinese counterpart Xi Jinping

EaseMyTrip promotes Lakshadweep & Ayodhya for tourism boost, amid India-Maldives row

Co-founder of Ease My Trip Prashant Pitti announced that the business would no longer take reservations for the Maldives in the wake of the current controversy surrounding a Maldives MP’s post about PM Modi’s visit to Lakshadweep.

GSP Crop Science eyes Rs 1,800 cr revenue; aims for 6-7% mkt share in 3-4 yrs

Following its development into both local and international markets, agrochemical firm GSP Crop Science is targeting sales of Rs 1,800 crore in 2024–2025, according to a top business executive.

UltraTech starts e-trucks to boost green mobility

Giving a significant boost to ‘green mobility’, Ultra Tech Cement Limited, India’s largest cement and R e a d y- Mix Concrete (RMC) company, has introduced electric trucks for the transport of clinker.

Honda Motorcycle commissions 650k addt'l production capacity at Guj

Honda Motorcycle & Scooter India (HMSI) announced that a third assembly line at its production facility in Vithalapur, Gujarat, has been put into service.

ONGC STARTS '1ST OIL' PRODUCTION FROM DELAYED $5B DEEP-WATER PROJECT

The projectis on pace for its final phase, with the block’s remaining oil and gas fields set to go into production

Delhi Airport emerges victorious in arbitration, secures refund and payment relief

In a recent arbitration decision, Delhi Airport, owned by the GMR Group, resolved a dispute with the state-owned Airport Authority of India (AAI) on revenue sharing during the COVID-19 period. The tribunal ruled in favour of the airport, directing AAI to refund Rs 500 crore and waive a Rs 1,800 crore payment. AAI may challenge the decision.

Assam Initiates First AllElectric Bike Taxi Fleet in India

The Assam government introduced ‘Baayu,’ an app driven electric bike taxi service, as a forward-thinking sustainable mobility initiative by the state-run Assam State Transport Corporation (ASTC).

Finance Ministry busts 29,273 bogus firms, arrests 121 for GST ITC evasion

On Sunday, the government reported that GST officers uncovered 29,273 fraudulent firms engaged in fake Input Tax Credit (ITC) claims totalling Rs 44,015 crore from May 2023. This eight-month drive against false registrations safeguarded Rs 4,646 crore in revenue.

ONION AND TOMATO PRICE DROP TRIMS VEG THALI COSTS BY 3% IN DECEMBER

The cost ofa vegetarian thali fell 3 per cent in December to Rs 29.7, as compared to Rs 30.5 in November

Curbing energy use saves big $2 trillion annually for global economy

A new study by the World Economic Forum ( W E F ) unveiled a set of strategic business actions poised to significantly decrease global energy demand, potentially unlocking annual savings of over USD 2 trillion by the end of the decade.

Crypto job market sees downward spiral, moderate hiring expected

India’s cryptocurrency job market, once a burgeoning space witnessing exponential growth, has experienced a considerable decline in demand for skilled professionals owing to the evolving regulatory landscape.

Indian auto industry cruises to 11% growth in 2023

The Federation of Automobile Dealers Associations (FADA) reported a substantial 11 per cent surge in India's automobile retail sales in 2023 compared to the previous year, buoyed by robust consumer demand across various segments.

India set to double agri exports from $53 bn to $100 bn

With India poised to double it’s agricultural exports -- currently at about USD 53 billion -- to USD 100 billion and processed food exports logging 150 percent growth over the last nine years, the Government is looking to tap the country’s potential to captivate global markets.

ASSETS LEAPFROG 22% IN 2023, BREACHING RS 50 TRILLION

The mutual fund industry saw its asset base surge to an all-time high of Rs 50.78 trillion in 2023, marking the 11th consecutive yearly rise, driven by increased inflows in equity schemes, notably through Systematic Investment Plans SIPs)

Rajnath Singh Makes Historic Visit: First Indian Defence Minister In The UK In 22 Years

Rajnath Singh To Visit UK, First By Indian Defence Minister In 22 Years. Rajnath Singh's previously planned visit to the UK in June 2022

MOST INDIAN IPO HOPEFULS IN 2024 STILL BLEED RED INK

Fintech startups in India encountered a significant funding decline in 2023, aggregating $2 billion, marking a substantial 63% drop from the previous year's $5.4 billion, as indicated by Tracxn's data reported by the media.