CATEGORIES

Mutual funds mark impressive Rs 9 trillion asset rebound

The mutual fund announced back strongly this year after a lackluster 2022 with a remarkable Rs 9 lakh crore surge in the asset base, propelled by a buoyant equity market, stable interest rates and robust economic expansion. Experts believe that the positive momentum should continue into the near year as well.

Mcap of 3 of 10 firms jump Rs 70,312.7 cr; Reliance biggest winner

In a week marked by volatile market conditions, the combined market valuation of three of the top 10 most valued firms witnessed significant changes, with Reliance Industries emerging as the standout gainer. Meanwhile, others in the top 10, including Tata Consultancy Services (TCS), ICICI Bank, Infosys, State Bank of India, ITC, Bharti Airtel, and Life Insurance Corporation of India (LIC), faced erosion in their market capitalization.

FPIS INFUSE RS 57,300 CRORE IN DECEMBER DRIVEN BY STABILITY AND GROWTH

Due to political stability, healthy economic growth, and a sustained decrease in US bond yields, foreign portfolio investors (FPIs) have poured nearly Rs 57,300 crore into Indian equities markets this month

ALCOHOL PRODUCERS WELCOME GUJARAT GOVT ALLOWING LIQUOR SALE IN GIFT CITY

The confederation of alcohol beverage producers in India on Saturday said they welcomed the Gujarat government’s decision to allow liquor sale in GIFT City.

Adani Wilmar promoter to sell 1.6 crore shares to meet Sebi

Adani Wilmar, a major player in the edible oils sector, is gearing up to meet the minimum public shareholding requirements.

Vedanta arm BALCO gets Rs 84-crore GST demand notice

Vedanta reported that its subsidiary, Bharat Aluminium Company Limited (BALCO), has received a Goods and Services Tax (GST) demand notice amounting to Rs 84 crore.

INDIA'S FOREX RESERVES JUMP BY USD 9 BN TO USD 615 BILLION

India's foreign exchange reserves increased by USD 9.112 billion to USD 615.971 billion in the week ending December 15, 2023. This increase is one of the highest for a week and marks a 20-month high, data released by the Reserve Bank of India on Friday showed.

Court extends police custody of accused Mahesh Kumawat till Jan 5

Delhi’s Patiala House Court on Saturday extended the police custody of Mahesh Kumawat until January 5 in connection with the Parliament security breach case on Saturday.

Atishi takes swift action to address at Rohini court complex conditions

Delhi’s Public Works Department (PWD) Minister Atishi expressed her dissatisfaction with the state of the Rohini court building and directed the Principal Secretary (PWD) to formulate a comprehensive annual maintenance contract for the upkeep of the Rohini Court Complex by December 30, 2023.

ARGENTINIAN COURT HEARS UYGHUR REPRESSION CASE AGAINST CHINA

The Court of Appeal in Buenos Aires recently heard an appeal in a universal jurisdiction case in Argentina, focusing on allegations of repression and crimes against humanity committed against the Uyghur people by the Chinese government.

Nexzu Mobility to set up smart EV Park at Rs 5,000 crore in Gujarat

In a major boost towards accelerating the development of the overall EV ecosystem, Nexzu Mobility, a sustainable urban transportation solutions provider, will invest

Tata Motors' Safari, Harrier SUVs receives 1st Bharat-NCAP 5-star rating

In a move ahead for introducing safe vehicles on Indian roads, the Government has bestowed Tata Motors’ new Safari and Harrier SUVs with the first 5-star rating (adult occupant protection and child occupant protection), as per the Bharat New Car Assessment Programme (Bharat-NCAP).

Hyundai Exter wins ICOTY, Enfield Himalayan wins IMOTY

The Hyundai Exter has been conferred with the prestigious title of the ‘Indian Car of the Year for 2024’ at the 19th edition of the (ICOTY) and 17th edition of Indian Motorcycle of the Year (IMOTY) awards.

AUTO COMPONENT INDUSTRY GROWS 12.6% TO RS 2.98 LAKH CRORE ON ROBUST SALES

With vehicle sales and exports displaying steady performance, the Indian auto component industry posted a turnover of Rs 2.98 lakh crore (USD 36.1 billion) for the period April to September 2023, a growth of 12.6 per cent over the first half of the previous year.

Government injects ₹72,961.21 Crore for welfare, infrastructure boost

To strengthen the hands of state governments for financing various social welfare measures and infrastructure development schemes, the Centre has authorised the release of an additional installment of tax devolution amounting to ₹72,961.21 crore.

India refutes IMF assessment on debt

The Centre has refuted the assessment of the International Monetary Fund’s assessment that India’s general government debt could be 100 per cent of the country’s GDP under adverse circumstances by fiscal 2028. General government debt includes debt of both the Centre and the state governments.

GLOBAL INTEREST IN PM GATISHAKTI & LEADS 2023 REPORT FOR UNBIASED LOGISTICS INSIGHTS SAYS SUMITA DAWRA

Growing international interest in PM GatiShakti, a more objective and insightful LEADS 2023 Report that minimises perception biases, among the positive shift and advancements in India’s logistics ecosystem, says Special Secretary, Logistics Division, DPIIT, Sumita Dawra in an exclusive interaction with The Sunday Guardian.

DFS SECRETARY MEETS BANKS, ASKS FOR MONITORING, REVIEW OF TOP 20 IBC CASES

The Finance Ministry wants public sector banks to monitor all Insolvency and Bankruptcy Code (IBC) cases very closely and review, particularly, the top 20 accounts as part of their bad assets management. The direction came during a meeting between Financial Services Secretary Vivek Joshi and the MDs and CEOs of PSBs to deliberate on the status of resolution of accounts under the provisions of IBC.

Leveraging Tech to Build End-user Safeguards in Online Gaming

Technological advancements have been a significant driving force behind the growth of the Indian digital economy.

Centre disburses Rs 72,961 crore to states

The central government has approved an extra release of tax devolution totaling Rs 72,961 crore for state governments, supporting social welfare and infrastructure schemes.

YouTube financially secures 700K+ creators in India: Oxford

According to estimates by Oxford Economics, over 700,000 creators and partners in India have found their financial anchor in YouTube, receiving income from their presence on the platform, said the video streaming giant in a blog post on Thursday while announcing ‘BrandConnect’ and ‘Podcasts’ features for creators in India.

US prohibits pentagon's use of Chinese port logistics platform

The Voice of America (VOA), the US Congress has approved a bill that forbids the Pentagon from utilizing any seaport globally that depends on the Chinese logistics platform LOGINK.

NCB-MUMBAI BUSTS INTERNATIONAL PHARMA-DRUGS TRAFFICKING SYNDICATE; THREE PEOPLE ARRESTED

Narcotics Control Bureau (NCB) Mumbai successfully busted an international network involved in the illicit trafficking of pharma drugs from India to Australia and apprehended three individuals in connection to the matter, said a press release.

'REPEAT OF PULWAMA': UBT SENA'S SANJAY RAUT ON J&K TERROR ATTACK

Even as security forces continue their cordon and search Operations in Poonch after Thursday’s terror attack on an Army Convoy that killed four Army personnel, the Opposition parties have begun politicising the incident

LOK SABHA PASSES CRIMINAL LAW BILLS SEEKING TO REPLACE IPC, CRPC AND EVIDENCE ACT

The Lok Sabha passed the three criminal laws — the Bharatiya Nyaya (Second) Sanhita, the Bharatiya Nagarik Suraksha (Second) Sanhita, and the Bharatiya Sakshya (Second) Bill on Wednesday.

CORE FEATURES OF THE CRIMINAL LAW BILLS SEEKING TO REPLACE IPC, CRPC AND EVIDENCE ACT

The Union Home Minister Amit Shah noted the key features of these bills:

Though Filing Chargesheet Is Material Consideration While Granting Bail, It's Not Sole Criterion: Delhi HC

To start with, we must first and foremost pay our unremitting attention to the glaring manner in which while ruling on a very pertinent legal point pertaining to the role of filing of chargesheet in the granting or refusal of bail

UAE'S ADDED launches platform for enhanced manufacturer financing access

The ‘Business Financing Facilitation Platform’ has been introduced by the Abu Dhabi Department of Economic Development (ADDED) with the goal of improving manufacturers’ financing access and accomplishing the goals of the Abu Dhabi Industrial Strategy (ADIS), which is to fortify the Emirate’s standing as the most competitive industrial hub in the region.

Over 1M Afghan Children in severe malnutrition: WHO

The World Health Organization (WHO), more than a million Afghani children suffer from severe malnutrition.

INDIA-UK FTA HOPES, CORONATION, AND ELECTION BUILD-UP: 2023

The end of February 2024 is now seen as the outer time limit for the deal before leaders on both sides get into campaign mode