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Showing posts from January, 2025

Stocks to buy: Top stock recommendations for January 31, 2025

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Bajaj Broking Research highlights top stock picks including Tata Steel, and Bharat Electronics for January 31, 2025. Nifty and Bank Nifty indices show potential for pullbacks and consolidation. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/i9twqnZ

Ministry of heavy industries, auto companies seek GST cut for CNG vehicles

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Drive workforce growth, talent mobility: Experts

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US Federal Reserve leaves key lending rate unchanged in first decision after Trump inauguration

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The Federal Reserve decided to maintain its benchmark lending rate between 4.25% and 4.50% despite President Trump's calls for reductions. The Fed highlighted stable unemployment and solid labor conditions, while acknowledging elevated inflation. Experts are uncertain about future rate cuts amid Trump's trade and immigration policies. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/NGA2Wp1

Chinese quant whiz built DeepSeek amid fund rout

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Three years ago, Liang Wenfeng's hedge fund firm faced a major setback, but he used that time to develop DeepSeek, an AI startup. DeepSeek's breakthrough technology has shaken global AI markets, challenging the US lead. Liang's achievement is notable given his local team, limited resources, and constrained access to advanced tech. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/MnIVFyl

China proves AI mettle, where does India stand?

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China has emerged as a significant player in AI foundation models with DeepSeek, creating powerful AI models at lower costs than the West. This has spurred a debate in India about whether to develop indigenous large language models or focus on smaller, application-specific ones. Experts emphasize the need for investment in research, infrastructure, and innovation to enhance India's AI capabilities. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/zSoWK5c

Eyes on Budget for rupee support

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Following the RBI's liquidity infusion, experts anticipate government measures to strengthen the rupee. Potential steps could include promoting exports and attracting foreign deposits. Noted changes from past currency management practices signal a focus on maintaining smooth monetary transmission rather than direct intervention in currency markets. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/kNPb7Ro

Bank stocks jump on RBI's Rs 1.5L crore liquidity boost plan

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RBI's decision to infuse ₹1.5 lakh crore liquidity boosted banking stocks, leading to a sensex rise of 530 points. Despite a late sell-off, major banks led gains, while foreign funds continued selling. Mid- and small-cap sectors saw declines. Upcoming events, such as the US FOMC meeting and Union Budget, are expected to contribute to market volatility. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/rOMlkJu

Nvidia loses nearly $600 billion in value as Chinese AI firm jolts tech shares

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In a significant shake-up of the tech industry, Nvidia's shares dropped by nearly 17% after a new Chinese generative AI model by DeepSeek emerged as a formidable competitor. The AI model, developed at a fraction of the cost, challenges US dominance in the AI sector, causing widespread market reactions. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/cKZu9LP

RBI announces steps to inject Rs 1.5L crore liquidity

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RBI announced measures to infuse over Rs 1.5 lakh crore in money markets to address liquidity shortfall. The plan includes government bond buy-backs, a long-term repo auction, and a dollar-rupee swap auction. These steps, seen as a precursor to a possible repo rate cut in February, aim to stabilize the financial system and enhance monetary transmission. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/V0QnpAT

Govt proposes hike in tax rebate on new vehicles for buyers scrapping old ones

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The road transport ministry in New Delhi proposed a tax rebate of up to 50% for buyers who submit a scrapping certificate for their BS-I, BS-II, or older vehicles. This initiative aims to reduce vehicular pollution by encouraging citizens to replace old, polluting vehicles with newer models, providing significant financial incentives. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/TteojL3

UPS offering assured payouts for central govt staffers notified

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The Centre has introduced the Unified Pension Scheme (UPS) for central government employees with assured payouts and inflation adjustments for those with over 25 years of service. Employees currently under the National Pension System (NPS) have a one-time option to switch to UPS, which starts in April. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/nOokG3H

ICICI Bank Q3 net profit up 15% to Rs 11k crore

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ICICI Bank's profit after tax increased by 14.8% year-on-year to Rs 11,792 crore for Q3-2024, driven by higher net interest income, fee earnings and a 15.1% loan growth. On a consolidated basis, profit rose by 16.6% to Rs 12,883 crore, with strong performance from subsidiaries. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Vb05Eku

LTIMindtree names ex-prez Lambu as CEO

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Venugopal (Venu) Lambu has been appointed as the new CEO of LTIMindtree for a five-year term. Lambu, a three-decade IT veteran, takes over from Debashis Chatterjee, who led the company to a $4.3-billion IT enterprise. Lambu previously served as the CEO of Randstad Digital. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/IBiyF8G

Tatas buy 60% in Pegatron's India unit for iPhone plant

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Tata Electronics has acquired a 60% stake in Pegatron's India unit, which operates an iPhone plant in Tamil Nadu. This acquisition positions Tata Electronics as a significant Apple supplier in India. The company plans to collaborate with Pegatron Technology India and diversify its production to include components for Xiaomi and Oppo. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/EaOlo6g

How phones on EMIs unlock access to loans

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Mobile phone purchases on EMI are helping individuals in the informal sector create a formal credit history, enhancing access to other loans. Digital lending and no-cost EMIs from lenders like Bajaj Finance are boosting mobile sales on credit. Obtaining these loans helps in generating a credit score, which is beneficial for future borrowings. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/OTbYWoR

Govt set to meet fiscal deficit target for FY25 as capex lags: Economists

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The government is expected to exceed its fiscal deficit consolidation target for FY25 due to slower-than-budgeted public capex in an election year, closing at 4.8% of GDP. For FY26, the fiscal deficit is projected to achieve the target of below 4.5% of GDP, with substantial RBI dividends aiding the target, despite weak growth and expenditure cuts. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/rjIgxKA

NCW real estate fund raises 1,7000 crore

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from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/tdou4qZ

Car companies to replicate tele tower network

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Car companies like Tata Motors, Maruti Suzuki, Mahindra & Mahindra, and JSW MG are preparing extensive charging infrastructures to support their electric vehicles. These initiatives include home chargers and robust public networks, with Maruti targeting charging stations in 1,000 cities and Tata expanding collaborations with charge point operators to install over 10,000 public chargers. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/4rn0svG

Birthright citizenship ban may drive global talent away: Can America afford the gamble that Trump played?

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The U.S. faces a talent crisis, exacerbated by Trump's birthright citizenship ban targeting immigrant families. Immigrants, vital to STEM, healthcare, and manufacturing, drive innovation and economic growth. With tech, engineering, and manufacturing shortages looming, the ban risks alienating global talent, undermining America’s competitiveness. Revoking this policy is crucial to sustaining the workforce fueling the nation’s success. from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India https://ift.tt/nojwyvY

‘Several top global brands now use India as a manufacturing base’

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Rajeev Chandrasekhar highlights India's leap in electronics manufacturing, with global and domestic brands now designed and manufactured locally. This shift is attributed to the government's move from import substitution to an export-led framework. Key trends include smarter, AI-connected products, India's expanding global value chain presence post-Covid, and the rise of highly intelligent digital products. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/dUk9anf

Gas consumption rises 11% in 2024, LNG imports spike

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Gas consumption in India grew by 11% annually in 2024, causing a rise in LNG imports to meet increasing demand. Sectors such as industry, oil refineries, residential, commercial, and transport saw significant growth. Heatwaves also increased gas use for power generation. This aligns with India's low-carbon economy goals but raises energy security concerns due to declining domestic production. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/n8DFQZ4

Voltas among 18 companies selected in PLI scheme

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from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/4lLSW2y

Trump education overhaul could slash $55M in funding, hitting Lancaster County schools hard: What it means for teachers and students

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President-elect Donald Trump's plan to eliminate the U.S. Department of Education could lead to a $55 million loss in federal funding for Lancaster County schools. This would significantly affect resources for low-income and special needs students. As funding for essential programs like Title I is cut, schools are left to face the challenge of maintaining services with reduced budgets. Local educators and advocates are concerned about the immediate and long-term impact on education. from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India https://ift.tt/kr76obB

Personal loans under Rs 10,000 record higher default rate

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Small-ticket personal loans under Rs 10,000 saw higher delinquency rates, especially for loans taken between Dec 2023 and June 2024. NBFCs, focusing on borrowers outside major cities, dominated this segment. Despite some high-risk reductions, delinquencies rose post-March 2024 due to macroeconomic challenges. The report stresses ongoing risk assessment and careful monitoring of borrower credit scores for sustainable lending. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/7CwelHi

Telecom department boosts efforts to block fraud from international nubmers

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The telecom department (DoT) and companies in India used the 'International Incoming Spoofed Calls Prevention System' to block 70% of spoofed calls, reducing them from 1.5 crore to 5 lakh daily. They are now tackling scams using virtual private networks. AI tools like ASTR identified 78 lakh fraudulent connections, blocking many and leading to 365 FIRs. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/d5umgA4

RBI sold $20 billion forex in November, ‘room to sell $138 billion more’

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In November, the RBI sold $20 billion from its forex reserves to stabilize the rupee. Nomura observes that the central bank has sold $89.4 billion since October 2024, yet India's forex reserves remain adequate with a 236% adequacy ratio as of January 3, 2025. Despite a dip from a peak of 266%, the reserves remain robust. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Q1tT2OH

MPPSC Medical Officer Recruitment 2025: Deadline today for 895 posts, direct link to apply here

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MPPSC is closing the online application for the 2024 Medical Officer recruitment today, January 19, 2025. Eligible candidates must apply on the official website to fill 895 vacancies. Corrections to application forms can be made until January 21, 2025. Applicants should have an MBBS degree. from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India https://ift.tt/0VkEd32

SWAYAM July 2024 results declared, direct link to check here

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The National Testing Agency has announced the results for the SWAYAM July 2024 Semester Examinations, available on the official portal. Out of 64,877 candidates, the results for 459 CBT-mode courses are published. The Hybrid mode results remain pending. The exams were held in December 2024 across 270 centers in 249 cities. from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India https://ift.tt/PHcq5AX

MP PCS Result 2022 out, direct link here: Check topper's list

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The Madhya Pradesh Public Service Commission declared the State Service Examination 2022 results, with Deepika Patidar emerging as the topper. Six women secured positions in the top 10. Results for 87% of vacancies were released, with the remainder pending due to an ongoing reservation case in the High Court. from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India https://ift.tt/8SHZV1c

Kotak, RBL feel pain of microfinance defaults

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Private banks like Kotak Bank and RBL Bank are experiencing higher defaults in the microfinance sector. Kotak Bank reported a 10% rise in net profit, but its microfinance arm saw significant losses. Similarly, RBL Bank saw an 86% drop in net profit due to increased provisions for microfinance loans. Industry-wide challenges are anticipated to stabilize in the coming quarters. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/iR8mUh6

Startups, venture capital firms seek tax benefits

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Startups and VC firms are seeking a simplified tax regime and measures to increase domestic capital availability in the upcoming Budget. They emphasize parity in taxation between foreign and domestic funds to attract foreign investors and foster growth for Indian AIFs. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Aqy3mVO

ICICI Lombard Q3 net profit rises 68% to Rs 724 crore

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ICICI Lombard reported a 68% increase in net profit to Rs 724 crore for Q3 ended December 2024, compared to Rs 431 crore in the same period last year. Gross direct premium income slightly fell to Rs 6,214 crore. The solvency ratio was recorded at 2.36x, exceeding the regulatory minimum of 1.50x. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/LP3U0qa

Adani group stocks surge as US short-seller Hindenburg shuts

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Adani group stocks surged as news of Hindenburg Research's closure emerged, alongside positive developments in the Israel-Hamas conflict, increasing market capitalization by Rs 28,000 crore. Notably, NDTV rose 10%, Ambuja Cements 4%, and Adani Enterprises 1.7%. However, Adani Wilmar continued to decline. Despite the boost, the group's market value remains significantly below its peak following Hindenburg’s damning report in January 2023. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/NI523iT

Hindenburg, which dealt Adani a $140bn m-cap blow, to disband

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Hindenburg Research, known for targeting Adani Group in 2023 and causing a $140 billion loss in market value, is winding down. Despite facing backlash and stirring controversy, it uncovered corporate fraud globally, leading to significant legal actions and financial implications. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/p5alSGq

Aditya Birla Fashion to raise $500mn ahead of demerger

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RBI redistributes portfolios as Patra retires as dy guv

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Recovery signs: HCLTech revenue up 4% in Dec qtr

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FPIs withdraw Rs 22,000 crore from Indian equity markets till January 10

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Foreign investors have withdrawn Rs 22,194 crore from Indian equities in January amid expectations of a weak earnings season, rising US dollar, and concerns over a potential tariff war. Additionally, factors such as slowing GDP growth, high inflation, and the record low level of the Indian rupee have contributed to this exodus. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/dgfhZ7S

Rupee to breach 86/$, RBI governor faces 1st major challenge

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RBI Governor Sanjay Malhotra faces a significant test as the rupee is poised to breach 86 due to a stronger dollar. This complicates GDP growth efforts expected to slow to 6.4% in FY25. Forex intervention has tightened liquidity, impacting interest rates and contributing to capital outflows. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/U3gO01Y

Nepal to consider request for import of certain dairy products from India: Commerce ministry

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India has raised concerns regarding issues faced by its milk exporters in Nepal. In response, Nepal has agreed to consider facilitating the import of specific milk products like whey and cheese that are not adequately produced in Nepal. The two nations also discussed amendments to trade agreements, development of trade infrastructure, and various other trade-related issues. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/tAia430

SOF IMO result 2024-25 declared at sofworld.org: Direct link to download scorecard

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SOF Declares IMO Result 2024-25: The Science Olympiad Foundation (SOF) has declared the results of the International Mathematics Olympiad (IMO) 2024-25, available on sofworld.org. Students in Classes 1 to 12 have competed to test their mathematical skills. Winners receive various awards, including cash prizes, medals, and scholarships at international, zonal, and school levels. from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India https://ift.tt/Bu6PKcy

ICAI CA Foundation Exam January 2025 begins today: Admit card link, exam timings and important guidelines for candidates

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The ICAI CA Foundation January 2025 exams commence today, covering subjects like accounting and business laws, with the exam schedule from January 11 to January 18. The result is expected in March 2025. Admit cards are available online only. CA Intermediate exams also started on January 11. from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India https://ift.tt/eXmWORI

Anand Mahindra weighs in on 90-hour work week: ‘My wife is wonderful, I love staring at her’

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Anand Mahindra emphasizes the significance of output quality over the number of working hours in response to controversial remarks by L&T Chairman SN Subrahmanyan about a 90-hour workweek. Mahindra also highlights the importance of a balanced life enriched by arts, culture, and family time for enhanced decision-making and leadership. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/i1q3XhT

Indichip Semiconductors inks deal with Andhra govt to set up Rs 14,000 crore facility

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Amaravati-based Indichip Semiconductors Ltd and Japan's Yitoa Micro Technology will invest Rs 14,000 crore in Andhra Pradesh to establish India's first private semiconductor manufacturing facility. The project, focused on producing Silicon Carbide chips, is set to support energy-efficient technologies and aligns with India's Atma Nirbhar Bharat vision. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/5WvAi0j

IIP growth at a 6-month high in November on manufacturing rebound, base effect

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India's industrial output hit a six-month high in November driven by manufacturing, capital goods, and consumer durables. The index of industrial production rose 5.2% with significant contributions from a 9% rise in capital goods and a 13.1% rise in consumer durables, indicating strong festive demand. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/yxMp6KJ

SC stays GST action against e-gaming companies

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Infosys alleges former president Kumar slowed projects to benefit Cognizant

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Zomato, Swiggy's 'quick' food foray irks restaurant owners

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Restaurants are upset with Swiggy and Zomato for launching standalone apps, Snacc and Bistro, which deliver quick meals using customer data, moving beyond their role as marketplaces. Restaurants plan legal action, citing unfair competition, while expressing concerns about potential customer migration to private-label products sold on the new apps. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/beux5VW

Government revises gold imports downward by $5 billion in November

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