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The rupee depreciated by 2.8% against the US dollar in 2024, marking its seventh consecutive year of decline. Contributing factors included RBI's forex intervention strategy, a strong US dollar, and capital outflows due to a shift in investor focus from India to China. Structural issues like inflation differentials and current account deficits also played a role. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/W94Ztwl

The West Virginia Water Development Authority approved a $5 million grant to the College of St. Joseph the Worker, an Ohio-based Catholic college, to expand into the state. The grant will fund vocational training, a satellite campus, and a conservative think tank. While the project is set to benefit the region's workforce, it has raised concerns due to the lack of a required recommendation from state officials and the college’s focus on political advocacy, reports the Herald Star. from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India https://ift.tt/oj0k8sE

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AIBE 19 Answer Key 2024: The Bar Council of India (BCI) has released the answer key for AIBE 19 exam held on December 22. Candidates can download it from the official website. To qualify, general and OBC candidates need 45%, while SC, ST, and disabled candidates need 40%. Passing AIBE is essential for practicing law in India. from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India https://ift.tt/hxfiK6L

Six leading firms among the top-10 most valued companies collectively gained Rs 86,847.88 crore in market value last week, with HDFC Bank and Reliance Industries leading the gains. The BSE and Nifty both saw modest increases. Meanwhile, four companies, including TCS and Infosys, faced declines in their market valuations. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/lXUbG23

UGC NET December 2024 admit card: The National Testing Agency (NTA) has released admit cards for the UGC NET December 2024 exam, available on ugcnet.nta.ac.in. Currently, only admit cards for the January 3 exam are out, with others to follow. The exam will be held from January 3 to 16, 2025, in two shifts. Verify details and download accordingly. from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India https://ift.tt/lynkVO4

Vodafone Group cleared debt dues of Rs 11,650 crore by releasing pledges on shares of Vodafone Idea. The pledged shares were raised against debt from HSBC Corporate Trustee. These shares represent a 22.56% stake, currently valued at Rs 11,649 crore. Post-repayment, the equity shares held by Vodafone Promoter Shareholders have been released. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/i5znhef

Osamu Suzuki, a key figure behind Maruti 800, was instrumental in introducing the small car to India in 1983. His vision and risk-taking attitude significantly shaped the Indian automobile industry, making it a robust economic sector. His efforts modernized industrial practices and created a strong supplier ecosystem in India. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/n9WVkiT

Urban FMCG demand is not expected to fully recover until mid-2025, despite companies focusing on premium products. Inflation is constraining urban spending, while rural areas show recovery. High commodity prices impact discretionary spending. E-commerce is growing for brands like Nestle. Industry executives call for policy measures to stimulate mass consumption and manage inflation. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/8ewQ4Zx

The finance ministry's report indicates that the combination of RBI's monetary policy and structural factors may have led to the economic slowdown. The ministry highlighted slowed urban consumption and cautious corporate hiring practices as contributors. The report anticipates improved growth in the second half of FY25, while stressing the need for a comprehensive commitment to sustaining growth amidst global uncertainties. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Ihqpeu4

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Indermit Gill, World Bank chief economist, emphasizes India's potential to elevate its growth from 6% to 8% by enhancing efficiency and economic freedom, focusing on quality education, staying open to FDI and trade, and improving women's workforce participation. India's favourable demographics and balanced economy support these prospects. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/LcDIXQe

India's economic growth is expected to improve in the latter half of FY25, driven by festive activity, rural demand, and agricultural growth. The RBI report highlights potential moderation in food prices, government capital expenditure challenges, and broader economic trends affecting GDP and inflation projections. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/ZeXh2Pb

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Google has proposed minimal changes following a court ruling that it illegally monopolized online search. The tech giant suggests allowing competitors on platforms like Apple's iPhones and its own Android system, while still paying for prominent search placement. The government, however, wants more drastic measures, including the sale of Google's Chrome browser. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/bfOxv9E

Encyclopaedia Britannica, once a weighty symbol of knowledge, has successfully transitioned to the digital age. By embracing AI and expanding into educational software and online dictionaries, the company has achieved impressive profit margins and is now considering a $1 billion IPO. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/ZfHWCKu

The GST Council waived taxes on cancer gene therapy and reduced levies on fortified rice kernels. Decisions on ATF inclusion, insurance rates, and food delivery services were deferred. Used cars will face 18% GST, while pre-packed popcorn and voucher transactions saw clarifications. A new GoM will address state-level disaster levies. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/z4O1lnA

Former RBI Governor Raghuram Rajan revealed that ex-Finance Minister Arun Jaitley supported his decisive action on tackling bad bank loans. Rajan attributed the NPA surge to corruption, delayed clearances, and the global financial crisis. He also pointed to slow government recapitalization hindering lending. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/MXIwTO5

The Sensex plunged nearly 1,200 points on Friday, marking its fifth consecutive day of losses. Foreign fund selling, a hawkish US Fed, a weak rupee, and poor trade data fueled the decline. The index has erased recent gains, leaving investors poorer by ₹9 lakh crore this week. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/pgK90Ea

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The Indian rupee fell to a record low against the US dollar, crossing the 85 mark for the first time. This drop was influenced by the US Federal Reserve's indication of fewer-than-expected future rate cuts. While the decline makes imports costlier and benefits NRI remittances, its impact on export competitiveness is debated. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Bw1Sx7b

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Finance Minister Nirmala Sitharaman addressed concerns about India's economic slowdown, calling the second-quarter dip a "temporary blip." She highlighted the country's strong average growth rate of 8.3% over the past three years and emphasized the government's commitment to managing inflation, citing recent positive trends and supply-side measures. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/DLtnd1u

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India's service exports are poised to surpass goods exports in November, reaching an estimated $35.7 billion. Driven by Global Capability Centers (GCCs) and robust growth in sectors like management and legal services, this shift reflects a sustained upward trend. The government aims to further boost service sectors like IT, tourism, and maritime services to achieve a $1 trillion export target. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/DjhCVEH

Indian tech companies are rolling out innovative perks to attract and retain millennial and Gen Z employees. These include unlimited sick leave, pet-friendly policies, and "well-being days" to combat burnout and boost productivity. Companies are also focusing on skill development, diversity, and flexible work arrangements to cater to the evolving needs of the younger workforce. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/rNcTUuk

Mukesh Ambani and Gautam Adani, once centibillionaires, have seen their fortunes decline. Ambani's Reliance conglomerate faces underperforming energy and retail businesses, while Adani confronts a US Department of Justice probe over alleged bribery, adding to the fallout from previous fraud accusations. Both tycoons are battling to regain investor confidence amidst these mounting challenges. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/0kcriJm

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The Bar Council of India (BCI) will release the AIBE 19 admit card for 2024 on December 15. Candidates can download it from the official website, allindiabarexamination.com. The All India Bar Examination (AIBE 19) is scheduled for December 22, 2024. The exam will consist of 100 multiple-choice questions. Due to a clash with the UPPSC exam, there is a possibility of the AIBE 19 exam being postponed. Candidates should stay updated on any changes. from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India https://ift.tt/vyPw96e

A Class-8 student in Uttarakhand was asked by her teacher to remove a tilak from her forehead before entering the classroom, claiming it was not allowed. The student complied but later informed her parents, sparking a protest by Hindu groups. The protest led to the school's principal apologizing to the girl's family and the groups. The Director General of School Education has ordered an investigation into the incident. from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India https://ift.tt/zSQWYiq

The Enforcement Directorate (ED) has returned properties worth Rs 4,025 crore to JSW Steel, the successful bidder for the bankrupt Bhushan Power and Steel Ltd (BPSL). The assets were originally seized by the ED during a money laundering investigation that revealed BPSL's former promoters had defrauded banks of Rs 47,204 crore. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/DnerRf3

Bajaj Finance is leveraging AI to boost its business. Their FinAI initiative aims to triple lead conversions, double back-office productivity, and improve front-line performance. AI will personalize customer interactions, like offering tailored product suggestions via interactive SMS. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/hYAfuSP

Indians are shifting towards premium wines and spirits, creating growth opportunities for companies like Moet Hennessy. High taxes and varying state regulations complicate the market, making foreign liquor expensive. Ongoing FTA discussions, particularly with the UK, aim to reduce duties and boost consumption. Domestically produced wines, like Chandon, are also gaining popularity. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/GFEVuzv

India's market regulator, Sebi, is planning to permit retail investors to engage in algorithm-based trading, a practice currently exclusive to institutional investors. This move aims to level the playing field and potentially boost retail investor profits. SEBI proposes new safeguards, including broker checks and unique identifiers for algo orders, to ensure responsible implementation. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/1g4Ttjb

The Sensex surged 843 points to a two-month high of 82,133, driven by strong foreign fund inflows and buying in FMCG, IT, and banking stocks. This followed a volatile session with a 2,100-point intraday swing, influenced by global market weakness and uncertainty about China's economic recovery. Market sentiment remains cautious due to rising US Treasury yields and a weaker rupee. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/N6hiTge

India's retail inflation eased to 5.5% in November from a 14-month high, driven by moderating food prices. Industrial output saw a modest 3.5% rise in October. While food inflation slowed, vegetable and edible oil prices remain high. Experts anticipate a potential rate cut in February if the trend continues, though urban demand needs monitoring. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/lPEAcwe

Jubilant Bhartia Group is set to acquire a 40% stake in Hindustan Coca-Cola Holdings (HCCH), the parent company of India's largest Coca-Cola bottler, for over Rs 10,000 crore. This investment reflects the group's confidence in India's growing beverage market and aligns with their expansion strategy into high-growth sectors. The deal awaits regulatory approval. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/HUEksem

Sanjay Malhotra, the new RBI governor, emphasized stability, trust, and growth as the central bank's core values. He stressed the importance of financial inclusion in fostering India's continued growth trajectory. While prioritizing policy stability, Malhotra promised agility and a consultative approach, acknowledging the need for diverse expertise in navigating a complex global landscape. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3jx8JMn

Zepto is launching a separate app, Zepto Café, to deliver food items like chai, samosa, and pizza within 10 minutes. This move challenges established players like Zomato and Swiggy in the rapidly growing quick-commerce food delivery market. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/OC6zScf

Amazon India's senior VP, Amit Agarwal, amidst regulatory scrutiny, affirms compliance and advocates for progressive e-commerce policies. He emphasizes investments in logistics and infrastructure, not cash burn, and highlights a new quick commerce pilot program in Bangalore. Agarwal reiterates Amazon's long-term commitment to India's growth. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/iCfa4Zm

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Nissan faces a potential bankruptcy within the next year due to a 70% profit plunge and a $60 million loss. The company plans a $3 billion restructuring, including 9,000 job cuts and production reductions. A potential merger with Honda is being considered as a solution to navigate the challenging automotive market and bolster its struggling electric vehicle offerings. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/qJthfxp

Revenue secretary Sanjay Malhotra has been appointed as the new RBI governor, succeeding Shaktikanta Das. The 56-year-old IIT Kanpur and Princeton University alumnus will begin his three-year term on December 11th. Malhotra's appointment marks a continuation of bureaucratic leadership at the central bank, following Das's tenure of close coordination with the government. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/xymKV9L