CATEGORIES

HC orders release of Ravi

On a day of high drama, the Karnataka High Court on Friday ordered the immediate release of BJP national general secretary CT Ravi, who was arrested on Thursday by Belagavi police based on a complaint filed by Minister for Women and Child Development Laxmi Hebbalkar.

Congress resorting to physical fight: Rijiju

BRAWL & BRAWN | Rahul Gandhi should apologise and it's a valid demand of the NDA, says Parliamentary Affairs Minister

MEA: Closely monitoring developments in Myanmar

As fighting between Myanmar's military junta and resistance forces intensifies, India on Friday said it is closely monitoring developments in the neighbouring country.

NSS Unit B-18 of Valia College and Muktangan NGO collaborate for FLNAs

The NSS Unit B-18 of Valia College joined hands with Muktangan NGO to contribute towards the \"Foundation Literacy and Numeracy Assessments (FLNAs)\" initiative on the 12th and 13th of December, 2024.

India's Financial Services Industry: Rising to New Heights

The Indian financial services industry is a crucial part of the economy, providing strength and direction to the country's economic structure.

Markets are likely to trade rangebound next week

Dalal Street saw its worst week in over 2 years with Nifty & the Sensex down over 4%, the biggest weekly fall since June of 2022.

HC clears way for SFIO probe on Hero Electric as settlement talks fail

The Delhi High Court on Friday cleared the way for a probe by the Serious Fraud Investigation Office on Hero Electric Vehicles Pvt Ltd in a case related to alleged misappropriation of the Faster Adoption and Manufacturing of Electric Vehicles, or FAME-II scheme subsidies by the company.

Tata Power DDL partners with Baaz Bikes

Tata Power Delhi Distribution on Friday said it has joined hands with Baaz Bikes for augmenting and setting up of electric vehicle battery swapping stations across North and Northwest Delhi.

Cipla faces over ₹1 crore penalty by GST authority

Pharma major Cipla Ltd on Friday said a fine of over Rs 1 crore has been imposed on the company by GST authority for alleged inadmissible input tax credit (ITC) claims.

Goldman Sachs, Citigroup Global, 4 others buy Amber Enterprises shares for ₹210 cr

Goldman Sachs, Citigroup Global Markets, and four others on Friday bought shares of Amber Enterprises for Rs 210 crore through an open market transaction.

MSL to introduce comprehensive charging infra along with eVitara

Maruti Suzuki India on Friday said it will introduce a comprehensive EV ecosystem, including charging stations and home charging solutions, alongside its first offering in the segment - eVitara.

SpiceJet to operationalise 3 grounded B737 MAX planes by Apr 2025; inks pact with MRO provider

SpiceJet has entered into an agreement with US-based StandardAero that will provide the services for operationalising the airline's grounded Boeing 737 MAX planes and three of the aircraft are expected to return to service by April 2025.

Bihar gets record ₹1.81L cr investment

Bihar may witness a major industrial boost as a number of leading industrial houses on Friday signed MoUs with the state government, to invest a record Rs 1.80 lakh crore.

Bajaj Auto launches new series of Chetak e-scooter

Sharma said there is a huge demand from Spain, Brazil, Bangladesh, among other countries

RBI BOARD REVIEWS GLOBAL, DOMESTIC ECONOMIC SITUATION

The central board of the Reserve Bank of India (RBI) on Friday reviewed the global and domestic economic situation and outlook at a meeting chaired by new Governor Sanjay Malhotra.

Google layoffs: CEO Pichai announces 10% job cuts in managerial roles

Google CEO Sundar Pichai has announced that the company will cut 10 percent jobs in managerial roles, including directors and Vice Presidents.

TeamLease acquires stakes in TSR Darashaw, Crystal

To expand its HR Services portfolio

UltraTech Cement gets CCI's clearance to acquire majority stake in India Cements

The Competition Commission of India (CCI) on Friday cleared over Rs 7,000-crore deal, wherein billionaire Kumar Mangalam Birla-promoted UltraTech Cement will acquire a majority stake in India Cements Ltd.

US, India discuss advancing space partnership

The United States of America and India are set to strengthen space cooperation, including for human spaceflight, and joint space exploration, and are expected to facilitate commercial partnerships between space companies of both countries to advance shared interests in the growing space economy.

Govt seeks to boost domestic food processing machinery sector

Food Processing Industries Secretary Subrata Gupta met with industry leaders and emphasised the crucial role of equipment manufacturers in modernising India's food processing sector.

India raises trade barriers issue with EU

India has flagged barriers being faced by domestic industry in the European Union (EU) markets and urged to address the issue, an official statement said on Friday.

India to spend $8 trillion on investments in next 5 years

India is poised to spend a massive USD 8 trillion on investments over the next five years, says a report by Motilal Oswal.

Gilts end steady ahead of MPC minutes as auction on expected lines

Prices of government bonds ended steady as the weekly gilts auction failed to lend any major direction to bond prices, dealers said.

SEBI SIMPLIFIES OFFER DOCUMENT REQUIREMENT FOR AMCs

Sebi on Friday simplified the framework for asset management companies (AMCs) by reducing the requirement to upload draft SIDs to 8 working days from 21 days earlier.

Priority should be on restoring inflation-growth balance: Das

Policy priority should be on restoring the inflation-growth balance, said Shaktikanta Das, Reserve Bank governor, while voting for a status quo on the short-term lending rate earlier this month.

PLI scheme achieves ₹1.46L cr investment, FDI inflows up 26%

From achieving Rs 1.46 lakh crore in investment under the product-linked incentive (PLI) scheme to 26 per cent increase in FDI inflows (year-on-year) in Q1 this fiscal (FY25), the Department for Promotion of Industry and Internal Trade (DPIIT) said on Friday that it has played a pivotal role in 2024 in building a self-reliant and globally competitive India.

Forex reserves drop $2 bn to $652.86 bn

India's forex reserves dropped by USD 1.988 billion to USD 652.869 billion for the week ended December 13, the RBI said on Friday.

SOGI calls for 28% GST on platform fee and not deposits for Indian gaming cos

Real money gaming firms-backed Skill Online Games Institute (SOGI) has demanded that the government levy 28 per cent GST on platform fees instead of on deposit for gaming companies in India, to prevent offshore platforms from taking advantage of significant tax arbitrage.

S&P Global arm lowers India's GDP growth forecast to 6.5% for FY25

S&P Global Market Intelligence has lowered its India GDP growth forecast for 2024-25 (Apr-Mar) after growth moderated sharply in Jul-Sept.

Steel imports from China hit record high, data shows

China, Japan and South Korea accounted for 79% of India's total finished steel imports