News95

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/XCcsFkx

The Federal Reserve left interest rates unchanged in its latest policy statement, signaling a shift away from a bias towards rate hikes. While not indicating an imminent rate cut, the Fed acknowledged concerns about both inflation and employment, suggesting a more balanced approach. The statement disappointed investors expecting rate cuts soon, emphasizing the need for greater confidence in achieving the 2% inflation target before considering reductions. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/rtS5vJk

NTPC is set to acquire the KSK Mahanadi power station in Chattisgarh, a large greenfield project with a proposed capacity of 3,600 MW, marking the state-run utility's second acquisition of a stressed asset. The project came under corporate insolvency resolution process in April 2022 after defaulting on loans. NTPC's investment in the project is valued at Rs 5,000 crore. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Ai9ZI8E

India has witnessed a surge in innovation, with an average of 247 patents filed per day in 2023, the highest in the last two decades, according to a report by SBI Research and the Indian Patent Office. Patent filings increased by 17% to 90,309 in 2023, and the average patent pendency was reduced by 15 months to 53 months. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/KiVP1nr

Sebi, is reviewing a requirement for listed companies to disclose all penalties imposed by authorities, regardless of the amount, which has increased compliance burden. Previously, companies had discretion in disclosing fines. Critics argue that reporting even insignificant penalties, such as those representing a tiny fraction of a company's market capitalization, leads to unnecessary compliance burden and obscures truly significant disclosures. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/aItqJlQ

Companies challenge NAA's methodology, seek remedy in GST Appellate Tribunal. Complexity arises due to lack of clear methodology for individual calculations. FMCG argues increased costs during GST introduction. Furniture companies cite higher import costs. Auto companies mention minimal cost reduction. Court's order poses challenge for GST Council. Slab merger and rate reduction may lead to similar disputes. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/wrn8MFc

The Indian government has released a set of measures to enhance women's participation in the workforce, including gender-neutral recruitment ads, creche breaks, promoting women in management, and providing maternity benefits to highway and construction workers. The government also encourages companies to review procurement practices, address gender pay gaps, and set up hostels for working women. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/pwj8cuM

On Monday, the Sensex surged by 1,241 points, marking the highest single-day gain since December 4, 2023, and closing at 71,942. Reliance Industries led the rally with nearly a 7% surge, contributing to its best daily gain in about three years. The Nifty gained 385 points or 1.8%, closing at 21,738 points. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/ZXx0fy6

Gold strengthened on Monday due to increased tensions in the Middle East, which bolstered demand for the safe-haven asset. Additionally, market participants awaited the Federal Reserve policy decision later in the week for further insight into the timing of the first US interest rate cut of the year. Spot gold rose by 0.4% to $2,027.00 an ounce by 12:02 pm ET (1702 GMT). from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/lfQOTLs

Reddit is weighing feedback from early meetings with potential investors in its initial public offering that it should consider a valuation of at least $5 billion, according to people familiar with the matter, even as it is estimated below that figure in the volatile market for shares of private companies. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/b0HZtuR

If there is one word to describe the Budget team, it's stability. Not only has finance minister Nirmala Sitharaman stayed her full term and will present her sixth straight Budget, but there are at least two secretaries who would be there for their fifth Budget - a rarity in bureaucracy.Finance secretary T V Somanathan and department of investment and public asset management (Dipam) secretary Tuhin Kanta Pandey have been part of the Budget team since they took over top positions and could well have two full Budgets to deal with in July and Feb 2025. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/8kqamBP

The analysis of budget expectations for senior citizens, based on a survey by the Agewell Foundation, reveals significant concerns among the elderly. Key points include the demand for GST exemptions or lower rates on essential products like adult diapers and wheelchairs, a call for more realistic old age pension schemes, and a desire for tax-free investment options. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/EwLh3FT

Binny Bansal, co-founder of Flipkart, has officially stepped down from the board of the internet firm. Flipkart, which was acquired by Walmart in 2018, is in a robust position with a strong leadership team. Bansal's resignation comes as he launches his new startup venture OppDoor to help e-commerce brands expand globally. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/BcSNHAM

Rana Talwar, the first Indian and Asian to lead a global bank, passed away at the age of 76. He had been unwell for some time. Talwar began his career with Citibank in India in 1969 and played a crucial role in establishing Citi's consumer banking as a leading franchise in the nineties. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/IOs1A6x

Yes Bank reports fourfold increase in net profit to Rs 231 crore, driven by lower provisions. The bank's operating profits declined due to modest growth in net interest income and increased operating expenses. Supreme Court to hear petition against stayed Bombay high court order on Yes Bank's write-down of Additional Tier 1 bonds. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/bKYpPzm

India Inc urges government to boost demand through public spending and disinvestment. Ficci recommends major thrust on public capex in forthcoming Budget. CII suggests 20% increase in capital expenditure to Rs 12 lakh crore, urban employment guarantee program, and focus on labor-intensive sectors. Finance minister to present interim Budget on Feb 1. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/MyFwqOk

JPMorgan analysts state that JetBlue avoids a costly merger. The market value of Spirit's equity has dropped significantly. It is believed that JetBlue's management and board were no longer committed to the merger. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3sCERST

Sony's cancellation of the merger with Zee poses a threat to Zee due to low promoter holding, potential takeover bid, and leadership changes. Goenka's 4% ownership in Zee may be at risk. Institutional investors may voice concerns, and Zee needs to prevent a takeover. The failed merger would have increased Zee's promoter ownership. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/lNdLunU

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3L5pXVf

Airbus is set to sign an accord to establish an assembly line in India for the production of H125 civil helicopters. The line will be overseen by Tata Advanced Systems Limited. This agreement is expected to be announced during French President Emmanuel Macron's visit to India. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/uVTMjvh

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/8P2iDFo

The General Insurance Council introduces the 'cashless everywhere' initiative, allowing health insurance policyholders to access cashless treatment in non-network hospitals. Participating insurers will immediately include non-network hospitals in their network upon receiving a claim. This initiative aims to provide policyholders with a wider choice of hospitals, reduce costs and disputes, and prevent fraud. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/diq6XgO

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2DfpndQ

Foreign funds continued to sell off in the Indian market, with a net outflow of Rs 3,115 crore. In the past seven trading sessions, foreign portfolio investors have withdrawn over Rs 25,000 crore. This is one of the largest outflows in recent months, comparable to the outflows during the early days of the Covid pandemic. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/lA1jvx0

IT services companies are mandating remote work, but enforcement varies. Infosys, HCL, and Cognizant are not strict about it, focusing on deliverables and upskilling instead. Some employees are allowed to work from different locations, while others come to the office only when their managers ask. TCS deducts the salary of those not following the return to office guidelines. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/M7fZjLn

Outward remittances by Indians dropped to $1.9 billion in Nov last year, the lowest since Feb 2022. The decline continued due to increased tax collection at source (TCS) in October. Remittances for studies abroad dropped to $208 million in Nov compared to $269 million in Oct, and the average remittance before the TCS was $306 million. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/egMdZzW

RBI report highlights weakness in unsecured retail loans and credit card outstanding, urging lenders to closely monitor these segments. Personal loans now constitute the largest category of bank credit, while credit cards show a rise in stress. The study emphasizes the need for pre-emptive macroprudential measures and assessing the credit flow to avoid risk buildup. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/eCnZBi5

Despite a 10% increase in thermal power output, coal import for blending at power plants decreased by over 40% in April-December 2023 compared to the same period last year. Domestic coal production and supply rose sharply, resulting in a decline in imports. The government aims to completely stop importing thermal coal by the next financial year. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/B2FNOs5

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/yCuK87v

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/UGBRydQ

On January 22, 2024, the Ram Mandir consecration ceremony in Ayodhya will be led by Prime Minister Narendra Modi. In preparation, numerous states, including Uttar Pradesh, Haryana, Chhattisgarh, Goa, Maharashtra, Assam, Tripura, Madhya Pradesh, Rajasthan, Delhi, and Gujarat, have declared school holidays, allowing students to witness the event. from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India https://ift.tt/WnrVObC

The National Testing Agency (NTA) has released the JEE Main Admit Card 2024 for Session 1 on January 21. The testing agency has released the admit card only for the B.Arch and B. Planning programmes scheduled to be conducted on January 24, 2024. The exam for B.Arch. & B. Planning (Paper 2A & Paper 2B) is on January 24, and for B.E./B.Tech. (Paper 1) on January 27, 29-31, and February 01, 2024, at various centers. Admit cards can be downloaded from jeemain.nta.ac.in using registration details. The exam is in multiple languages, and candidates must carry the admit card with an affixed photo on the exam day. In case of issues, contact the NTA Helpline. from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India https://ift.tt/ywtXURd

Union Bank of India and IDBI Bank reported the highest increase in Q3FY24 net profit at 60% and 57%, respectively. ICICI Bank's net profit rose 23.6% to Rs 10,272 crore, while IDFC First Bank saw an 18% rise in net profit to Rs 716 crore. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/OinsygE

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/gQ5kU9P

Sebi has found evidence of merchant bankers inflating IPO subscription numbers to attract investors. The regulator is scrutinizing IPO-related data and will take measures to end such practices. Changes to policies related to public offers may be implemented. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/xjcPbhd

Indian Immunologicals Ltd rolls out Havisure, India's first indigenous Hepatitis-A vaccine. The two-dose inactivated virus vaccine, developed over eight years, is priced at Rs 2,150 per dose. Extensive clinical trials have shown that Havisure is safe and efficacious for pediatric, adolescent, and adult use. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/UGBZ9nf

RBI governor Shaktikanta Das hints that rates will stay high until 4% inflation goal is met; rate cuts are not being considered. RBI is focused on achieving the target of 4% inflation and strengthening balance sheets of financial institutions. Food price volatility is also a factor affecting inflation. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/UMGDIVH

Foxconn teams up with HCL Group to start a chip packaging and testing venture in India. Foxconn will invest $37.2 million for a 40% ownership in the joint venture. HCL Group is moving ahead with a partnership with Foxconn for an OSAT facility. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/FMOQmBD

India aims for $100 billion annual FDI, says Telecom and IT minister Ashwini Vaishnaw. India has gained trust as a reliable partner globally. The country has collaborations with US, Europe, Japan, South Korea. India's growth strategy includes investment in infrastructure, uplifting the bottom pyramid, boosting manufacturing, and simplifying business processes. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/IOja72t

In a series of peculiar motor accident claims in India during 2023, insurers faced challenges, along with perhaps a few moments of amusement. Unusual incidents included coconuts unexpectedly landing on cars, stray dogs causing damage, angry peacocks pecking at their reflections, and stressed elephants venting their frustration on vehicles. These incidents, while unique to the Indian market, could easily fit into a funny-fail video. One standout claim involved a buyer unintentionally driving a car right through a showroom window, adding a touch of unexpected humor to the list of insurance headaches. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3MsGi1H

Gujarat, Karnataka, Kerala, and Tamil Nadu are the best states for startups, according to the latest rankings. Himachal Pradesh topped among Union territories and smaller states. Bihar and Haryana are considered "aspiring leaders". The rankings are based on various factors including institutional support and funding. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/05zq4Sn

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/kDwhdUl

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/K4AsQzy

In a big step-up for the Indian luxury car market, Mercedes-Benz is looking to double installed capacity at its India factory to 40,000 cars per annum as the German giant charts out a strategy to maintain its lead in the country by launching new cars and expanding its footprint. The move, which is in early stages right now, will see the company expand annual installed capacity at its factory - located outside Pune - from the existing 20,000 units. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/MJQpwBd

Chinese military bodies, state-run artificial intelligence research institutes and universities have over the past year purchased small batches of Nvidia semiconductors banned by the US from export to China, a Reuters review of tender documents show. The sales by largely unknown Chinese suppliers highlight the difficulties Washington faces, despite its bans, in completely cutting off China's access to advanced US chips that could fuel breakthroughs in AI and sophisticated computers for its military. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/cveKf74

The Railway Recruitment Cell, West Central Railway, is closing the online application process today for Apprentice Recruitment 2023. Interested candidates must apply on the official website. This recruitment drive aims to fill 3015 Apprentice posts at Units/Workshops in the West Central Railway. from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India https://ift.tt/duATLRM

The Bihar government has hired nearly two lakh teachers in the past two months to improve the education system in government schools. This significant milestone has brought relief to the dire situation of Bihar's education system. The government has also taken steps to improve the basic structure of schools. from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India https://ift.tt/WgzJsXH

The Board of Secondary Education, Rajasthan has released the Rajasthan Board Class 10, 12 Board Exam Date Sheet 2024. Students can check and download the timetable from the official website at rajeduboard.rajasthan.gov.in from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India https://ift.tt/ronCXz7

HCLTech looks to be the star of the quarter ended December, outshining its IT peers with a 4.3% year-on-year revenue growth in constant currency (which discounts impact of currency fluctuations), compared to the year-ago quarter. On the other hand, Wipro's weak performance continued, with a sharp decline of 6.9% during the same period. TOI had reported on Friday that TCS's revenue in the quarter grew 1.7% year-on-year in constant currency, while that of Infosys declined by 1%. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/7T1tc6p

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/9B3o4FD