Demo

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

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/Ax3QFsU

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/z7fLUMC

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/MOd14mU

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/Ps8pq2r

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/iYSzxBj

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/TQrgdeP

TM Roh, President and Head of Mobile eXperience Business at Samsung Electronics, is determined to regain global smartphone leadership lost to Apple in 2023. Despite a 5% decline in global smartphone sales in the previous year, Roh anticipates a turnaround in 2024, driven by the integration of AI in smartphones, particularly the Galaxy S24 series. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/0KaznVb

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/04lQj6M

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/kSO7QMK

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/k49buoD

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/LB7j9zs

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/O5GXJNU

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/TA16Wbu

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/HraWe7J

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/YPHhJ63

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/4ncsbUu

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/5NxTekC

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/X9TkzEm

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

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/J7VgArF

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/x9jT13D

A year after Hindenburg Research's damaging report against the Adani Group, the conglomerate's market capitalisation has more than doubled. However, it is still Rs 4.7 lakh crore short of its all-time peak. Adani Power, Adani Ports & SEZ, and Ambuja Cements have recovered their lost ground, while Adani Total Gas and Adani Energy Solutions have seen significant value destruction. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/ygBXcl2

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/rBlT6Ou

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/fSv0jZ8

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/a5l3kDp

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/tlQbORH

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/jHpTx4b

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/o67ikCz

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/8u5CaD0

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

Indian Railways plans to collaborate with the Swiss railway to learn from their best practices and procedures, including the hub and spoke model and tunnelling technology. Railway Minister Ashwini Vaishnaw emphasized the importance of learning from Switzerland's expertise in tunnelling technology and highlighted their efficient track technology and seamless train transfers at designated hubs. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/lU19TMZ

Budget 2024 income tax: It is recommended that some changes be made to the new income tax regime to make it more attractive to the taxpayers such as availability of certain deductions like interest on housing loan for self-occupied property, retiral contributions (PF, PPF, NPS). from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/UpIDStx

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/wH8IDmP

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/ItQ2OMu

RIL's Q3FY24 profit grew 10% to Rs 19,641 crore, driven by its digital services (Jio) and retail businesses. Jio's ARPU was at Rs 182, with a subscriber base of 471 million. RIL's retail business had an impressive financial performance, and the oil & gas segment showed resilient performance. RIL's gross debt was Rs 3.11 lakh crore. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/GDP3yN5

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/JdBxL0j

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/idvbnos

The Supreme Court ordered the Jalan-Kalrock consortium to deposit Rs 150 crore by Jan 31 to keep the Jet Airways revival plan afloat. The NCLAT will decide the appeals by the end of March, including the plea of Airjet Ground Services employees for their dues. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/faR2mBl

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/XAWk2jc

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/qinLMOr

The government divested 3.5% of LIC for Rs 21,009 crore through its IPO, making it the biggest maiden offer in India. LIC's stock has not crossed its IPO price since listing in mid-May 2022. Recent reports suggest multiple tailwinds that could help sustain LIC's stock price. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/r2BjRav

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/3Uwj9lv

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/trTa8LR

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/0rtQhKg

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/tx30rP7

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/K5p6zjF

RBI on Monday proposed to tighten norms for housing finance companies by tweaking the requirement of maintaining liquid assets against liabilities and reducing the maturity period for public deposits to five-years, among other changes. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/i4RAIr7

India's goods exports growth crawled back into positive terrain in December, rising 1% to $38.5 billion, which was the highest monthly reading since March, while a fall in imports helped narrow the trade deficit to a five-month low. During December 2023, key export sectors that have recorded negative growth included petroleum products, ready-made garments of all textiles, chemicals, and leather products. Sectors which are in the positive zone include plastic, electronic goods, engineering items, and gems and jewellery. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/FJAYnbs

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