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11.12 / 10:23
markets Digital security Software Experts Justice Courts Excise case: Delhi HC to hear plea against Arvind Kejriwal's bail in Jan, 2025
Delhi High Court on Wednesday posted on January 17, 2025, the enforcement directorate's plea against the bail granted to former chief minister Arvind Kejriwal in the 2021-22 excise policy-linked money laundering case. The ED counsel urged Justice Manoj Kumar Ohri to defer the hearing in the matter on account of the unavailability of additional solicitor general S V Raju. The request was opposed by senior advocate Vikram Chaudhary, representing the AAP leader, citing «pressing urgency» in the matter. Chaudhary said the agency should withdraw its plea and the court should vacate its stay on the operation of the trial court's order granting bail.
11.12 / 10:23
UPS Extreme Manufacturing security Mobile Software Features BEML bags Rs 136-cr Defence Ministry contract for high mobility vehicles
BEML Ltd on Wednesday said it has secured a Rs 136-crore contract for the supply of indigenously designed High Mobility Vehicles (HMV) 8x8. These vehicles will play a pivotal role in the Battle Field Surveillance System (BFSS) project, reinforcing India's defence capabilities and advancing the government's vision of Atmanirbhar Bharat, the PSU under the Ministry of Defence said. Manufactured at BEML's facilities, the HMV 8x8 is designed to deliver exceptional reliability and versatility, even in the most challenging environments. Key features of these vehicles include an independent suspension system, a high-power air-cooled engine, a central tyre inflation system, an anti-lock braking system and a backbone tube chassis design.
11.12 / 10:23
Software Actor Justice show stage reports Investigations Crime Patrol actor Sapna Singh's son found dead in Bareilly; Poisoning or drug overdose suspected, two friends arrested
Sapna Singh, known for her work in TV shows like Crime Patrol and Mati Ki Banno, staged a protest in Bareilly after her 14-year-old son, Sagar Gangwar, was found dead under suspicious circumstances. On Wednesday, police arrested two of Sagar's friends, identified as Anuj and Sunny, on charges of murder. «The postmortem report could not confirm the exact cause of death, but indications of poisoning or drug overdose have been found. Viscera samples have been preserved for further examination,» Circle Officer (Faridpur) Ashutosh Shivam told PTI. «Anuj and Sunny confessed during questioning that they had consumed drugs and alcohol with Sagar. The overdose caused Sagar to collapse. Panicking, they dragged his body to a field and left him there,» Inspector Sunil Kumar from Bhuta Police Station added.
11.12 / 09:23
Cycling Investors split over ECB interest rates cut
Having been the first among other central banks such as the Federal Reserve and Bank of England to take the jump and cut rates earlier this year, the Eurozone's central bank is set to trim its interest rate for the fourth time since June, with 100bps of cuts so far this cycle.  «We expect the December ECB press conference to emphasise uncertainty and the Governing Council to reach a compromise on communications that creates more policy optionality,» argued Deutsche Bank analysts.  ECB cuts interest rates by 25bps after inflation dips below 2% According to economists polled earlier ...
11.12 / 09:11
markets security Analysis Research Trade Experts reports Avenue Supermart shares 2.71% as Nifty gains
Avenue Supermarts Ltd. traded 2.71 per cent in Wednesday's trade at 02:09PM (IST). Around 26,993 shares changed hands on the counter. The counter opened at Rs 3700.00 and touched an intraday high and low of Rs 3760.80 and Rs 3673.00, respectively, in the session so far. Shares of the company of Avenue Supermarts Ltd. quoted a 52-week high of Rs 5484.00 and a 52-week low of Rs 3567.35.
11.12 / 09:11
markets Strategy economy awards performer Competition in financial sector can lead to excessive risk taking, bringing instability: CEA Nageswaran
«We do need to make a distinction between regulation with respect to financial sector and regulation with respect to non-financial sector of the economy,» Nageswaran said at the CII Global Economic Policy Forum 2024. «In non financial sectors, excepting natural monopolies or utilities where you have to have a regulator to protect customer interest, you can expect competition to take care of much of the roles that regulators are expected to perform. So as long as you create a competitive environment as close to the theoretical perfect competition, then you are fine,» said the Chief Economic Advisor to Government of India.
11.12 / 09:11
markets Strategy Software economy awards Food reports The ghost of inflation may not leave the Indian economy anytime soon
Axis Bank's latest report warns that inflation in India is unlikely to ease quickly, as both core and food price indices are expected to remain closely linked. Despite food prices and vegetable costs being at cyclical highs, the report highlights that supply responses may lag the demand boost driven by income-transfer schemes. «In India, we do not see inflation easing quickly: over the long term, core and food price indices move together. Though food relative to core, and vegetables relative to food, are both at cyclical highs, the supply response may lag the demand boost from income-transfer schemes,» said the report titled " India Economic and Market Outlook 2025 ". ALSO READ: India's CPI inflation likely to ease to 5.5% in Nov from 6.2% in Oct: Morgan Stanley
11.12 / 09:11
COST UPS Citi Provident trends country reports Mini Bengalurus: Why govt wants tech hubs in Tier II, III towns
Bengaluru Rising report, released by the UnboxingBLR Foundation during the Bengaluru Tech Summit, highlighted the city’s economic growth, lifestyle advantages and global appeal. Bengaluru has positioned itself as an economic powerhouse, ranking third in company formations after Mumbai and Delhi, with over 27,000 new companies registered between 2012 and 2023. It has also added 80 million square feet of Grade A office space, generating 800,000 jobs—the highest among Indian cities. In the startup ecosystem, Bengaluru remains unmatched. On average, the city has seen 1,400 startups emerge annually over the last decade, trailing only Delhi NCR’s 2,100 yearly average. It also leads the nation in startup funding and the creation of unicorns, reinforcing its reputation as India’s entrepreneurial hub in addition to being its own Silicon Valley. But it seems Bengaluru is getting saturated with its phenomenal growth. Though it may seem nearly impossible to build another Bengaluru in India, a lot of mini Bengalurus can sprout across the country in coming years.
11.12 / 09:11
Twitter Google Align Election Doge reports Department Elon Musk has a warning for Republicans who don't align with Trump’s agenda
Department of Government Efficiency (DOGE) under US-President elect Donald Trump's administration is already making waves. Headed by tech billionaire Elon Musk and entrepreneur Vivek Ramaswamy, DOGE aims to cut wasteful government spending and eliminate excessive regulations by the 250th anniversary of the United States. Musk, now Trump's closest ally, has warned Republicans against standing in Donald Trump’s way – or his, reports news agency AP. Musk, who recently visited Capitol Hill with Ramaswamy, the two issued a warning to Republicans who do not go along with their plans to slash spending as part of the president-elect’s proposed DOGE. ALSO READ: What is Willow? Google's quantum computing chip explained in 10 points
11.12 / 09:11
markets UPS Target Election Trade FIIs correct November mistake with $3 billion shopping. Is Santa already here?
foreign institutional investors (FIIs) are taking reverse steps to buy back more than what they sold last month. As against the $2.5 billion sell-off seen in November, FIIs have already bought Indian stocks worth around $3 billion in the first 10 days of the December month. As a result, the Nifty is already up around 2% this month with bulls betting that the momentum could turn into a strong Santa rally and take the market to new record peaks in the next few weeks before the Budget.
11.12 / 09:11
markets Digital Analysis Research wellness Trade Experts Expect moderate growth amid muted earnings in 2025: Dikshit Mittal
«But now, for the first half of this year, earning growth has been slightly muted in mid-single digit and that is expected to remain that way at least for the next one to two quarters. So, to that extent, one has to moderate the return expectations going into next year,» says Dikshit Mittal, Senior Fund Manager-Equity, LIC MF. What do you make of the markets right now and there is debate which is underway whether 2025 is going to be a great year for the Indian equities or is it going to be a year of trimmed in very moderate single digit kind of gains? What is your estimate? Dikshit Mittal: Last two-three years returns have been very, very strong. In fact, compounded returns have been in high teens. So, to that extent, coming into next year, one has to moderate the return expectation. So, we cannot expect the same kind of returns we have generated last year.
11.12 / 09:11
markets Manufacturing Software hospital reports Staffing industry records 18% increase in temporary workers in July-September
staffing industry added about 235,000 temporary workers (white and grey collar roles) in the year to September 30, up 5.9% quarter-on-quarter and 17.9% year-on-year, according to a report released by the Indian Staffing Federation (ISF) on Wednesday. Sectors including fast-moving consumer goods (FMCG), e-commerce, manufacturing, healthcare, retail, logistics, banking, energy and hospitality drove the growth, it said. As of September, the flexible workforce stands at 1.81 million employed by around 130 ISF members, according to the report.
11.12 / 09:11
markets Manufacturing awards innovations testing International East Ocyon Bio closes $4.2M Seed round led by Aeravti Ventures and Micro Labs
East Ocyon Bio, an allogeneic Cell & Gene Therapy (CGT) startup, on Wednesday, announced the closure of its $4.2 million seed round. The investment round was led by Aeravti Ventures and Micro Labs. The newly raised funds will be utilised to enable several initiatives like pre-clinical testing of CAR-NK and CAR-gamma delta T cell therapies, the creation of a GMP manufacturing facility, and Phase I clinical trials. Renu Kundu, Founder of East Ocyon Bio, said in a statement, «We are incredibly grateful for the support of Aeravti Ventures and Micro Labs, whose belief in our vision is instrumental in our journey toward clinical validation of this transformative technology.» Rishabh Singh, Managing Partner at Aeravti Ventures, said in a statement, “India is the cancer capital of the world but receives innovative therapies years after the west. Our partnership with East Ocyon Bio reflects our commitment to supporting impactful organisations that indigenise innovation and create cutting-edge products for the world.”
11.12 / 09:03
UPS PINK trends love Celebrity pop And the 2024 bride wore ‘very demure, very mindful’ make up
Subscribe to enjoy similar stories. No harsh contours, no strong lip lines or sharp eye shadows—it seems the celebrity bride of 2024 followed the “very demure, very mindful" trend when it came to make-up looks. Whether it was Aditi Rao Hydari, Sonakshi Sinha, Rakul Preet Singh, Shobita Dhulipala, Shweta Kapur or Radhika Merchant, many A-listers who got married this year went for a soft, ethereal make-up look.
11.12 / 09:03
Blockchain Digital economy Trade International De-dollarization debate: The US-led West should rethink its dollar diplomacy
Subscribe to enjoy similar stories. Amid the recent maelstrom of political news was an important development for the future of technology-enabled public money.
11.12 / 09:03
UPS Citi Highways War Inside Assad’s ransacked palace: Anxiety pills, graffiti and shredded posters
Subscribe to enjoy similar stories. DAMASCUS, Syria—Rebel fighters and civilians strolled through the grounds of Bashar al-Assad’s presidential palace on Tuesday, stepping on shredded posters of the former dictator who had fled to Russia days earlier. In Assad’s abandoned office, his desk and floor were littered with books and papers: a history of the Russian military, a map of northeastern Syria, a biography of himself.
11.12 / 09:03
markets UPS FIVE Election Trade President War The great unknown: how a Trump presidency could affect the world, in five charts
Subscribe to enjoy similar stories. US President Harry S. Truman once famously asked for a “one-handed economist" because he was tired of economists who, instead of giving decisive answers, would say, “On the one hand, this, and on the other hand, that." As 2024 ends, we can see why that’s so.
11.12 / 08:39
markets Digital Booking Action Software PAM social Making a $1 billion investment in the US? Trump pledges expedited permits - but there are hurdles
Donald Trump is promising expedited federal permits for energy projects and other construction worth more than $1 billion. But like other Trump plans, the idea is likely to run into regulatory and legislative hurdles, including a landmark law that requires federal agencies to consider the environmental impact before deciding on major projects. In a post on his Truth Social site Tuesday, Trump said anyone making a $1 billion investment in the United States «will receive fully expedited approvals and permits, including, but in no way limited to, all Environmental approvals.» «GET READY TO ROCK!!!» he added.
11.12 / 08:39
markets Analysis Software Research Trade Experts show Share price of Tata Elxsi as Sensex gains 74.32 points
Tata Elxsi Ltd. 0.62 per cent to Rs 7356.90 at 01:43PM (IST) in Wednesday's trade. The counter hit a high of Rs 7413.00 and low of Rs 7328.00 so far during the session. The stock had closed at Rs 7403.00 in the previous session. The counter had a total traded volume of 01:43PM shares so far with a turnover of Rs 2.72 crore on BSE. The stock traded at a price-to-earnings multiple of 56.01 and a price-to-book ratio of 19.34.
11.12 / 08:39
markets Digital Software awards Experts PAM track Bengal: Rail blockade withdrawn after 5 hours; 2 trains cancelled, several diverted
Greater Coochbehar People's Association (GCPA) at Jorai railway station in Alipurduar division of Northeast Frontier Railway (NFR) started at 6.45 am, and was withdrawn around 11.45 am, following which normal train movement was restored, he said. The agitators said they were holding the «indefinite» rail blockade to press for their demand for the creation of 'Greater Coochbehar'. Thousands of protesters had assembled at the station in the morning and blocked tracks, prompting the deployment of a large number of RPF, GRP and local police personnel to prevent any untoward incident, the NFR official said.
11.12 / 08:39
markets Digital Software economy Food PAM reports ADB lowers India's GDP growth forecast to 6.5 pc for FY25
Asian Development Bank (ADB) on Wednesday lowered India's economic growth forecast to 6.5 per cent for the current financial year from its earlier estimate of 7 per cent due to lower-than-expected growth in private investment and housing demand. The multilateral development bank has also lowered India's growth forecast for 2025-26 financial year. Changes in US trade, fiscal, and immigration policies could dent growth and add to inflation in developing Asia and the Pacific, according to the latest edition of Asian Development Outlook (ADO). The report also said Asia and the Pacific's economies are projected to grow 4.9 per cent in 2024, slightly below ADB's September forecast of 5 per cent.

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