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Stock trading scam: Special task force detains Assamese actress Sumi Borah, husband
Assamese actress Sumi Borah and her husband were detained by the Special Task Force for their involvement in a multi-crore online trading scam. Borah announced her intention to surrender due to defamatory media coverage and assured full cooperation with the investigation. A lookout circular was issued after they failed to appear for questioning.
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'India did everyone a favour!': Union minister Hardeep Singh Puri explains why India bought Russian oil
India's purchase of Russian oil during market instability helped stabilize global prices, preventing a potential surge to $200 per barrel, according to Union Minister Hardeep Singh Puri. He stated that India's actions benefited all nations and highlighted the importance of securing affordable energy for its citizens.
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Stock market today: BSE Sensex dips over 300 points; Nifty50 near 24,100
Indian benchmark indices opened lower on Friday, with Sensex declining over 275 points and Nifty50 down by 109 points in early trading. This follows a downward trend influenced by cautious investor sentiment ahead of the US Fed's policy decision and the release of disappointing second-quarter results.
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KYC Rules: RBI Makes 6 Amendments, New Rules Effective Immediately --Check Details
Amendments have also been made regarding CDD Procedure and sharing KYC information with the Central KYC Records Registry (CKYCR). CKYCR is an entity which receives, stores, safeguards and retrieves KYC records in the digital form of a customer.
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Fed's Powell: Will not quit even if asked by Trump
Following Donald Trump's re-election, Federal Reserve Chair Jerome Powell affirmed the central bank's independence, stating that he would not resign if asked and emphasizing that the president lacks the authority to remove him. Powell's firm stance signals a potential power struggle over interest rate policy, with Trump having previously criticized the Fed's decisions.
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'Give consumption vouchers to push demand'
The Confederation of Indian Industry (CII) has presented a range of proposals to stimulate India's economy.Key recommendations include issuing consumption vouchers to low-income citizens, increasing wages under the MGNREGA program, and boosting support for PM-KISAN beneficiaries.CII also advocates for a simplified GST structure and a renewed focus on disinvestment and asset monetization to generate government revenue.
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Election volatility likely to be short-lived: RBI deputy governor T Rabi Sankar
RBI Deputy Governor T Rabi Sankar acknowledged that while Donald Trump's presidential victory might trigger short-term market fluctuations, India is well-prepared to navigate these challenges. He highlighted the anticipated influx of funds due to India's inclusion in global indices as a mitigating factor against potential volatility.
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India said to have most Trump Towers outside US
India is set to become the largest hub for Trump Towers outside the US, with plans to expand from four to ten properties in the next six years.Tribeca Developers, Trump's Indian partner, announced the expansion following Trump's presidential victory, citing his confidence in India's potential under Prime Minister Modi's leadership.
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PSU Solar bars R-Power, arms from contracts
India's Solar Energy Corporation of India (SECI) has banned Reliance Power and its subsidiaries from bidding on its contracts for three years. SECI alleges that Reliance Power submitted a fake bank guarantee as part of a bid for a battery energy storage system project. Reliance Power maintains it was the victim of fraud and plans to challenge the ban.
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Fed continues to ease policy with 25 bps rate cut
The Federal Reserve lowered interest rates by 0.25%, acknowledging a cooling job market and progress in inflation moving towards its 2% goal.Despite the positive economic activity, the Fed recognized easing labor market conditions while maintaining that risks to jobs and inflation remain balanced.
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Sensex dives 836 points as Trump euphoria settles
The Sensex plummeted 836 points as the post-US election euphoria faded, dragged down by foreign investors offloading Indian equities. Disappointing quarterly results from Indian companies also dampened market sentiment.Global markets were mixed, while Bitcoin reached a record high above $76,000.
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At 6%, rural FMCG growth 2x of urban
Driven by a favorable monsoon season, rural India witnessed a surge in FMCG consumption during the September quarter, outpacing urban growth.While rural areas thrived, urban consumption remained subdued due to high food inflation impacting middle-class spending.
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Re hits record low of 84.38 as dollar surges after Trump win
The Indian rupee fell to a new low against the US dollar, closing at 84.37, driven by foreign investors selling equities and a strengthening dollar following Donald Trump's presidential victory. Despite outperforming some Asian currencies, the rupee faced pressure from strong dollar demand. Analysts predict further depreciation before potential recovery, contingent on global factors like the situation in West Asia and the impact of Trump's policies.
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India should be part of RCEP, CPTPP: Niti CEO
Niti Aayog CEO BVR Subrahmanyam stated that India should join the Regional Comprehensive Economic Partnership (RCEP) and Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) to benefit its MSME sector, which contributes 40% of India's exports. He believes that joining these trade agreements will boost India's participation in the 'China plus one' strategy.
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Taiwan to assist companies relocating from China following Trump tariffs
Taiwan plans to help its companies move production out of China amid concerns over potential US tariffs. The move comes after US president-elect Donald Trump threatened tariffs on Chinese goods, which could significantly impact Taiwanese firms operating in China. Taiwan's government will assist companies in relocating to other locations, including the United States, as part of a contingency plan.
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Middle east crisis weighs on McDonald's sales in West, South India & it's not 'lovin it'
McDonald's sales in West and South India have been severely impacted by geopolitical unrest, with some locations experiencing a 50% drop in sales. The decline is attributed to the ongoing conflict in the Middle East and its impact on consumer sentiment towards American brands.
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Donald Trump net worth: How rich is the next US president?
Donald Trump, with an estimated net worth of $6.49 billion, has secured a second term as the 47th US President after defeating Kamala Harris. His wealth, primarily rooted in real estate and boosted by his company Trump Media & Technology Group, has seen significant growth. Despite facing financial liabilities from lawsuits, Trump's assets, including properties, gold, and cryptocurrency, contribute to his position as one of the wealthiest presidents in US history.
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Zomato CEO Deepinder Goyal Reveals The Story Behind Flirtatious Push Notification Of His App
During the episode, Kapil spoke about the flirtatious push notification that Deepinder’s Zomato app sends to its customers.
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Sensex, Nifty Fall Over 1%, Snap Two-day Rally Ahead Of US Fed Interest Rate Decision
The BSE Sensex tanked 836.34 points or 1.04 per cent to settle at 79,541.79. During the day, it slumped 958.79 points or 1.19 per cent to 79,419.34.
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ED Conducts Raids On Multiple Sellers Linked To E-com Players Including Amazon, Flipkart
Nearly 24 such seller locations were being raided by the regulator in cities like Delhi, Mumbai, Hyderabad, and Bengaluru.
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Pro-crypto candidates win big as crypto firms pour $130 million in US elections
Crypto firms invested heavily in the 2024 US Presidential election, contributing over \$130 million to support pro-crypto candidates. This unprecedented spending spree appears to have paid off, with a record number of crypto advocates elected to Congress. Coinbase's chief legal officer declared, "We now have the most pro-crypto Congress in history.
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India’s Most Generous: THIS Billionaire Tops The List Of Philanthropists For 3rd Time In Hurun India Philanthropy List 2024
EdelGive-Hurun India Philanthropy List 2024: This is the 11th annual ranking of the most generous individuals in India.
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Swiggy gets a 12 per cent subscription on the first day of IPO
Food delivery platform Swiggy's IPO received a lukewarm response on its first day, reaching only 12% subscription.The company aims to raise ₹11,327 crore, with ₹5,085 crore already secured from anchor investors.Valued at $11.3 billion, Swiggy plans to utilize the funds for technology enhancement, brand building, and debt clearance.
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Trump’s China threat has investors favoring India, Japan stocks
Donald Trump's victory in the US presidential election is poised to reshape Asian markets. Investors are shifting funds towards India and Japan, perceived as beneficiaries of Trump's policies, while Chinese assets face uncertainty due to potential trade tensions. This shift was evident in market reactions, with Indian and Japanese indices rallying while the Chinese market declined.
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IFC commits $400 million to Bajaj Finance to help boost climate finance, empower women
IFC, part of the World Bank Group, has pledged $400 million to Bajaj Finance Ltd. This funding will broaden financing options for customers purchasing electric vehicles and energy-efficient appliances in India. The initiative aims to bolster India's climate goals, promote financial inclusion, and encourage the adoption of sustainable technologies.
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Stock market today: BSE Sensex over 800 points down; Nifty50 near 24,185
Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in red on Thursday. While BSE Sensex declined over 100 points, Nifty50 was near 24,450.
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Stock market today: BSE Sensex opens over 100 points down; Nifty50 near 24,450
Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in red on Thursday. While BSE Sensex declined over 100 points, Nifty50 was near 24,450.
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Can Pensioners Change Spouse Name Or Surname After Retirement? Govt Says THIS In Latest Guidelines
The office memorandum issued on 24 October 2024, clarifies the procedures for pensioners regarding the change of spouse's name or surname after retirement of the pensioner.
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PM-Vidyalaxmi Scheme With Aid Up To Rs 10 Lakh For Students: Can You Apply Online? How And Where?
PM-Vidyalaxmi Scheme: For students having an annual family income of up to Rs 8 lakhs, and not eligible for benefits under any other government scholarship or interest subvention schemes, 3 percent interest subvention for loan up to Rs 10 lakhs will also be provided during moratorium period
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US stocks: S&P 500 sees best post-election day in its history
US stock markets surged to record highs as investors celebrated Donald Trump's presidential victory and the potential for Republican control of Congress. The S&P 500 saw its most significant post-election rally ever, fueled by expectations of pro-growth policies. Treasury yields climbed on bets of reduced Fed rate cuts and concerns about Trump's fiscal policies.
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