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05.12 / 13:25
Enterprise awards WhatsApp Food information Food processing sector attracts USD 368.37 mn FDI till Sep FY25
food processing sector received foreign direct investment (FDI) of USD 368.37 million till September of the current fiscal year, Parliament was informed on Thursday. Minister of State for Food Processing Industries Ravneet Singh Bittu in a written reply to the Lok Sabha said, Ireland invested USD 83.84 million, Singapore USD 48.45 million, Mauritius USD 41.65 million, the United States USD 38.60 million, Australia USD 20.18 million, and Mexico USD 9.59 million in April-September FY25. In FY24, FDI in food processing was USD 608.31 million.
05.12 / 13:25
markets Provident Software Highways Trade Armenian Parliament approves loan to build tunnel along Iran border to join initiative
International North South Transportation Corridor (INSTC) that provides India with the shortest route to trade with Russia and Europe. The Armenian Parliament on Wednesday approved a $200 million loan from the Eurasian Stabilization and Development Fund to build an 8.6 km Kajaran tunnel in Syunik (bordering Iran) as part of efforts to join INSTC, ET has learnt. Armenia is also in talks to join Iran’s Chabahar Port as it seeks access to India and other Asian nations. The South Caucasian country is also hoping for early linkages between the INSTC and the Chabahar Port for seamless connectivity.
05.12 / 13:25
markets Career Software Election Schools politician Patience, loyalty to party and strategic acumen pay off for Fadnavis as he returns as CM
Devendra Fadnavis, the political stalwart who rose from humble beginnings to become a key figure in Maharashtra politics, was on Thursday evening sworn in as chief minister — a position he has held twice before. «Mi Punha Ye-in (I will be back),» he had famously said at the end of his first tenure in the top post in 2019. His detractors mocked him over the resolution when he had to sit in the opposition subsequently; but the BJP leader had the last laugh. The 54-year-old leader, whose career has been marked by a blend of resilience and strategic manoeuvring, would lead the state for the third time following a decisive showing of the BJP in the November 20 assembly polls. Fadnavis' political journey has been nothing short of remarkable. From serving as an obscure corporator to becoming the youngest mayor of Nagpur, he has strengthened his status as a prominent leader within his party. Notably, he is only the second Brahmin to serve as Chief Minister of Maharashtra, following the Shiv Sena's Manohar Joshi. His ascent began in earnest ahead of the 2014 assembly elections, where he garnered significant support from Prime Minister Narendra Modi and senior BJP leader Amit Shah. Modi famously referred to him as «Nagpur's gift to the country» during a campaign rally. Though Modi had launched a campaign blitzkrieg in the 2014 Lok Sabha and Maharashtra assembly polls, a portion of the credit also went to Fadnavis, then state BJP president, for the party's success.
05.12 / 13:25
markets Digital Strategy Bill Experts PAM Courts No proposal to increase retirement age of SC, HC judges: Govt tells RS
high court judges, the government told the Rajya Sabha on Thursday. It also underlined that there is no mention of any «cooling off» period in the Constitution for post-retirement assignments for judges. SC judges retire at the age of 65, while HC judges demit office at 62. District judges retire at the age of 60. «There is no such proposal for increasing the retirement age of judges of the Supreme Court and high courts,» Law Minister Arjun Ram Meghwal said.
05.12 / 13:25
markets security Analysis Research trends Trade Experts Sebi proposes devolving ITM single stock options into futures contracts 1 day before expiry
Sebi) is mulling over a framework to devolve In-The-Money (ITM) single stock option contracts into futures, one day prior to expiry. This is aimed at mitigating the potential risks arising out of the sudden movement of Out-of-The-Money (OTM) option contracts to ITM option contracts near expiry. On Thursday, Sebi released a consultation paper on this seeking comments by December 26, 2024.
05.12 / 13:25
UPS Software trends love reports Schools Relationships Beware of 'sledging', a toxic winter holiday dating trend and a giant red flag. Check out for these signs
sledging". And just a piece of advice for those who believe in old school romance- beware of this newest dating trend that are far from letting you realise your fairy tale romances. Sledging is the newest dating trend and it's gaining attention, especially among Gen Z, this winter season, after throning, breadcrumbing, ghosting, situationships, love bombing and zombieing.
05.12 / 13:25
Provident FIVE Merit security awards social information India awarded for social security good practices at Asia-Pacific forum in Saudi
The Employees' Provident Fund Organization (EPFO) received five certificates of merit for communication channels, E-proceedings: A case on use of information and communication technology in justice delivery, district outreach programme (Nidhi Aapke Nikat), multilingual call centres, and Prayaas — an initiative of handing over pension payment orders (PPO) to retiring members of the Employees' Pension Scheme, 1995 on the day of retirement itself. The awards were received by Ashok Kumar Singh, DG, ESIC, on behalf of EPFO.
05.12 / 13:25
Citi Gap Death trends Photos show Tech millionaire, who wants to live forever reveals: How Delhi hotels are 'selling clean air as a service'
Delhi deals with one of its worst air quality crises, five-star hotels in the capital have begun offering clean air as a premium service, highlighting the severity of the city's pollution. This November, Delhi recorded unprecedented levels of air toxicity, with the Air Quality Index (AQI) staying in the “Very Poor” category every day, peaking at “Severe” and even “Severe Plus” levels on several occasions.
05.12 / 13:25
markets Software PwC Election Moodys Schools Eknath Shinde faces uphill task to keep Shiv Sena intact after losing CM post to Devendra Fadnavis
BJP’s Devendra Fadnavis as Chief Minister. Eknath Shinde, the Shiv Sena leader who has taken on the deputy CM role, now faces the delicate task of managing his party's growing faction and ensuring the smooth distribution of ministerial portfolios. The Shiv Sena is also adjusting to the new dynamics after losing the top post to the BJP, but party leaders remain optimistic about their role within the state government.
05.12 / 13:11
UPS Airlines Trade President cover Department On its way out, the Biden administration renews a push for airline-consumer protections
The Biden administration has only seven weeks left in office, but officials are still trying to enact consumer-protection regulations on airlines
05.12 / 13:05
UPS Digital CIBC performer reports CIBC hikes dividend as profit beats expectations
Canadian Imperial Bank of Commerce on Thursday exceeded analyst expectations as it reported higher fourth-quarter profits than it did last year due to better performances in each of its business streams.
05.12 / 13:05
markets UPS wellness performer reports Commentary BMO misses expectations on higher credit loss provisions, but raises dividend
Bank of Montreal on Thursday reported a fourth-quarter profit, but it wasn’t enough to meet analyst expectations as a larger-than-expected rise in provisions for credit losses took its toll.
05.12 / 13:05
UPS Election Trade country social reports When Trump threatens, Canada and Mexico go their own way
A week before Donald Trump fired off yet another tariff threat on his neighbours, Justin Trudeau and Claudia Sheinbaum had a chance to confer in person about how to tackle that very scenario. Would they join forces against their errant trading partner or was it going to be a case of every person for themselves?
05.12 / 13:05
UPS community CUPW sends new proposals to mediator as Canada Post strike nears three weeks
OTTAWA — The Canadian Union of Postal Workers says it’s sent another round of counter-proposals to the federal mediator appointed to help it reach a deal with Canada Post as a countrywide strike nears the three-week mark.
05.12 / 13:05
markets Digital SEC security Election Trade Bitcoin Bitcoin breaks through $100,000 milestone on Donald Trump’s pro-crypto pick for SEC
President-elect Donald Trump’s pick of a crypto proponent to be the next head of the United States securities regulator lifted Bitcoin to US$100,000 for the first time as traders warmed to the prospect of relaxed regulations.
05.12 / 13:05
UPS economy Fishing pop reports rowing 'We're in a recession,' says former Bank of Canada governor Stephen Poloz
Former Bank of Canada governor Stephen Poloz says Canada is in a recession, arguing the economy’s weakness has been masked by strong population growth.
05.12 / 12:55
Williams Election Scottish Mortgage downgraded from 'Positive' to 'Neutral' over scepticism about investment style
Despite the trust's share price having increased by 24% since early September, buoyed by the boost in US equities from the presidential US election, Stifel analysts Iain Scouller, William Crighton and Sachin Saggar said they «are taking a contrarian view» on the mandate. «Following this strong re-rating we are more cautious on the prospects for the investment style as we head into 2025, and wonder if many of these growth company stories are now starting to be priced for a perfect environment,» the trio of analysts said.  Scottish Mortgage NAV dragged down by 11.3% average drop in priv...
05.12 / 12:55
Strategy Richard Saldanha returns to Aviva Investors after three week stint at Royal London AM
In August, Aviva Investors announced that Saldanha was set to leave the firm after a 17-year tenure, with Francois de Bruin and Matt Kirby also making the switch to RLAM after the trio's stint managing nearly £2bn in assets for Aviva.   At the time, Aviva said the group were leaving the firm to pursue «other opportunities in the market», but on 11 November, RLAM welcomed the trio, with Saldanha due to become the lead manager of the Royal London Global Equity Income fund, a £1.1bn strategy, and a manger on the Global Equity Select fund.  Trio of global equity fund managers to exit Aviv...
05.12 / 12:55
UPS FIVE SEC Bitcoin reports Bitcoin hits record high as Trump picks crypto enthusiast Paul Atkins for SEC chair
For the first time in its history, the cryptocurrency eclipsed the $100,000 mark, hitting a high of $103,853 earlier on Thursday (5 December), according to data from MarketWatch. At the time of reporting, bitcoin it up more than 3.4% on Thursday and has jumped over 8% in the previous five days.  Atkins, a former SEC commissioner under George W. Bush, is renowned for his support of crypto and has previously made the case against excessive market regulation.  Trump policies spark volatility for US Treasuries and add pressure to rising national debt levels In a post on his social m...
05.12 / 12:55
Trade Alliance Witan and St James's Place set to join FTSE 100
It was announced in the summer that Witan was to be rolled into Alliance Trust to form Alliance Witan and form a multi-billion pound entity. Alliance Trust and Witan merge to form £5bn FTSE 100 vehicle The merger was overwhelmingly approved by shareholders in early October and according to the latest FTSE reshuffle data. All changes will be implemented at the close of business on 20 December 2024 and take effect from the start of trading on the following Monday (23 December). It will be joined by two other entrants, St James's Place, which has returned to the FTSE 100 after its ...

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