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12.11 / 11:47
markets CEO Gap Metro 2020 reports FCA fines Metro Bank £16.7m for anti-money laundering failings
The Financial Conduct Authority identified failings between June 2016 and December 2020 and said they occurred despite concerns being raised by junior staff as early as 2017, the regulator said today (12 November) in a statement. «Metro's failings risked a gap being left in our defence against the criminal misuse of our financial system. Those failings went on for too long,» said Therese Chambers, joint executive director of enforcement and market oversight at the FCA. Treasury expected to start looking for next FCA CEO – reports Metro said it had fully co-operated with the FCA and...
12.11 / 10:55
Platform Analysis President show reports testing International China's Alibaba releases AI search tool for small businesses in Europe and the Americas
BEIJING — Chinese e-commerce giant Alibaba on Tuesday unveiled an artificial intelligence-powered search engine for small businesses in Europe and the Americas to source supplies.
12.11 / 10:51
Compilation awards WhatsApp India's industrial production expands 3.1% in September 2024
Industrial Production (IIP) in India witnessed an expansion of 3.1 per cent in September, as per data released by the Ministry of Statistics and Programme Implementation (MoSPI) on Tuesday. The Quick Estimates of Index of Industrial Production (IIP) are released on 12th of every month (or previous working day if 12th is a holiday) with a six weeks lag and compiled with data received from source agencies, which in turn receive the data from the producing factories/ establishments. These Quick Estimates will undergo revision in subsequent releases as per the revision policy of IIP. (More to come)
12.11 / 10:51
markets UPS Target Digital Food reports India's retail inflation in October breaches RBI tolerance band at 6.21%, first since Aug 2023
The spike in inflation rate in October marked the first time since August 2023 that the print breached the Reserve Bank of India's (RBI) tolerance ceiling of 6 per cent. In September, the inflation print had surpassed RBI's 4 per cent medium-term target for the first time since July at 5.49 per cent. Food inflation, which makes up around half of the overall Consumer Price Index (CPI) basket, surged to 9.69 per cent in October, up from 9.24 percent in the previous month. Rural inflation also quickened to 6.68 per cent, compared to 5.87 per cent in September, while urban inflation rose to 5.62 per cent from 5.05 per cent the previous month.
12.11 / 10:51
markets Manufacturing Analysis Hyundai Trade Experts reports Hyundai India shares skid 3% after Q2 net profit dips 16%
The car manufacturer said that the decline in PAT was owed to weak market sentiments and geo-political factors. The company’s revenue from operations fell 7% YoY to Rs 17,260 crore during the quarter.
12.11 / 10:51
markets Art Analysis Enterprise Trade Experts Updates Stock market update: Nifty Realty index 0.18%
Shares of Macrotech Developers Ltd.(up 4.51 per cent), Phoenix Mills Ltd.(up 2.1 per cent) and Brigade Enterprises Ltd.(up 1.87 per cent) ended the day as top gainers in the pack.
12.11 / 10:51
markets Digital Google Sustainability community Experts PAM Guru Nanak Jayanti bank holiday 2024: Are banks open or closed on Friday, November 15? Check state-wise list
The Reserve Bank of India publishes regional and national holidays state wise on its website. Note that banks are closed on Sundays, second and fourth Saturday's of the month.
12.11 / 10:51
markets SUN Southern Trade Experts AGRO Updates Stock market update: Fertilisers stocks down as market falls
Deepak Fertilisers & Petrochemicals Corporation Ltd.(up 1.63%), Chambal Fertilisers & Chemicals Ltd.(up 0.87%) and Madras Fertilizers Ltd.(up 0.12%) stood among the top gainers.
12.11 / 10:51
markets Digital Strategy Experts PAM Interviews Sadhguru warns against ‘excessive green talk,’ says Trump’s ‘drill, baby drill’ shows people won’t abandon oil so easily
COP29), spiritual guide Sadhguru offered a critical perspective, arguing that urging nations to abandon fossil fuels without presenting viable alternatives could backfire. Highlighting the imbalance between the ongoing anti-fossil fuel rhetoric and the absence of feasible substitutions, Sadhguru referenced Donald Trump's infamous «drill, baby drill» slogan, which he sees as a backlash to excessive environmental discourse. “We are continuously talking about fossil fuels. It must happen. The shift is needed. But that’s not going to happen unless there are significant technological innovations. It’s not going to happen just because you wish. The world is not going to give up oil simply because you and I say it is not good. Substantive alternatives have to come. Where are those?” he told TOI in an interview. «Incessant discussions on fossil fuels are crucial, but mere intentions won’t suffice. Transformative technological advancements are essential,» he remarked during an interview with TOI, illustrating the lack of viable alternatives to oil and emphasizing resistance against sacrificing lifestyle standards for ecological goals.
12.11 / 10:51
markets Action Experts reports International Sheikh Hasina Red Notice: Bangladesh seeks Interpol's help to arrest ousted PM and others
Bangladesh International Crimes Tribunal (ICT) Md Tajul Islam has written to Inspector General of Police Md Moinul Islam, seeking action to issue a red notice through Interpol for ousted prime minister Sheikh Hasina and her aides, a media report said on Tuesday. The chief prosecutor sent the letter to the Inspector General of Police on Tuesday, Bangla language daily Prothom Alo reported, citing sources at the tribunal. The development comes two days after Law Affairs adviser Asif Nazrul on Sunday said Bangladesh will seek Interpol's assistance in repatriating Hasina from India and other «fugitives» to face trial for alleged crimes against humanity. Hasina and her party leaders face accusations of ordering brutal suppression of the Anti-Discrimination Students Movement, resulting in numerous casualties during the July-August protests. The movement later intensified into a large-scale uprising, forcing Hasina to flee to India on August 5.
12.11 / 10:51
markets Google Experts PAM country Features Google Maps unveils real-time air pollution tracker across 100 countries
air pollution problem, Google Maps has introduced a new feature involving real-time tracking of air quality index or AQI. This feature, which updates every one hour, allows its users to check up on the air quality of any location in India. It will be activated in 100 other countries this week. This feature measures the pollution of a given area on a 0 to 500 scale. A colour is assigned to each scale, with green for good and red for severe. The scale corresponds thus to air quality:
12.11 / 10:51
markets UPS Citi Metro wellness trends Trade Rising competition, price hikes & declining volumes? Amit Syngle on what Asian Paints will do going ahead
Amit Syngle, MD & CEO, Asian Paints, says the company faced pressure in the overall product mix and sales. All the metro towns and the bigger cities did not do well and even the B2B market, where Asian Paints accounted for 15-20%, did not go the way we anticipated. Industrials was the only segment where they did well. Coming to price hike, Syngle says that given the inflation in the first quarter, they took a price increase in terms of passing it on to the market. They also saw a lot of volatility in terms of the crude prices. The entire paint industry has taken a price increase and the full realisation of the price increase will happen in Q3. In Q2, your peers had managed to report a volume growth between 4% and 9%. But your numbers were clearly a bit of a miss. In fact, the volumes declined by half a percent. What led to this divergence because we usually do not see Asian Paints performing so badly versus its peers. What led to that? Amit Syngle: As we look at the last quarter, we have just touched our base in terms of the volume terms and the value has also been negative. July was good for us but then all the rainfalls and floods that came in August, were not very well distributed across the country. So, we saw a muted demand coming in both August and September and given that the seasonal component in overall our sales is very high, we saw that in all the seasonal markets, and faced pressure in our overall product mix and the overall sale.
12.11 / 10:25
markets COST UPS Citi Digital China plans to slash homebuying taxes in fiscal stimulus
China is planning to cut taxes for home purchases as the government dials up fiscal support to revive a moribund housing market, according to people familiar with the matter. Regulators are working on a proposal that would allow mega cities including Shanghai and Beijing to cut the deed tax for buyers to as low as 1% from a current level of as much as 3%, the people said, requesting not to be identified because the matter is private. City governments have leeway to tweak the rules, the people added. The plan, hinted at on Friday by Finance Minister Lan Fo’an, underscores Beijing’s increased willingness to use fiscal tools to shore up the sluggish economy along with monetary easing. Lan pledged to carry out “more forceful” fiscal policies next year after unveiling a 10 trillion yuan ($1.4 trillion) debt swap for local governments, signaling bolder steps could come after US President-elect Donald Trump takes office.
12.11 / 10:25
Google economy Sustainability awards AVP information State Bank of India unit to raise Rs 2,000 crore for climate fund
State Bank of India is planning to raise as much as Rs 20 billion ($237 million) through its third climate fund, according to people familiar with the matter. SBI Ventures Ltd. plans to raise the money from multilateral institutions after approval from the company’s board, said people, who asked not to be identified as the information is private. The fund will invest in small and mid-sized companies that are focused on recycling waste and curbing emissions among other initiatives, and obtain equity partnership, the people said.
12.11 / 10:25
markets IPO Analysis Nov Research Trade Experts NTPC Green seeks $12 billion valuation for its IPO
The clean energy subsidiary of state-backed NTPC Ltd. has held discussions with advisers about pricing its IPO at more than 100 rupees ($1.18) a share, the people said, asking not to be identified because the matter is private. NTPC Green Energy may raise up to 100 billion rupees in the share sale, the company has previously said.
12.11 / 10:25
UPS Citi Provident trends AVP hospital reports Gig workers thrive on festive spirit boost
e-commerce, logistics and the delivery sector, demand for gig workers rose to its highest in six years to over 1.2 million gig roles posted during the 2024 festive season, a report by recruitment service provider Avsar found. In 2024 the demand for gig workers surged by 10% compared to 2023 according to the Gig Workers Report. “This festive season, we’re seeing more than just a spike in gig roles–it’s a transformation in how people and companies are approaching work,” said Navneet Singh, founder of Avsar.
12.11 / 10:25
Google Sustainability WhatsApp AVP reports Karnataka Minister Khan tenders apology for referring to Kumaraswamy as 'Kaalia'
B Z Zameer Ahmed Khan tendered an apology on Tuesday for referring to Union Minister and JD(S) leader H D Kumaraswamy as «Kaalia», which the NDA had slammed as a «racist» slur. The Congress leader, however, repeatedly tried to clarify that he had earlier too addressed Kumaraswamy in such a way out of affection, when they shared a good bonding, and it's not the first time. The Housing and Waqf Minister was earlier with JD(S), and was considered to be a close associate of Kumaraswamy, who had earlier served as the Chief Minister, at the time. "....If I had called him using such a word for the first time, I would have apologised....out of affection, he used to call me 'Kulla' (dwarf), I used to call him Kariyanna (black brother). If still he or anyone is pained by it, I apologise. What is there in that?" Khan said.
12.11 / 10:05
markets UPS IPO security Trade Experts International Nisus Finance Services secures BSE approval to launch IPO
Nisus Finance Services has received the approval from the Bombay Stock Exchange (BSE) for launching its initial public offering (IPO). The issue will comprise a fresh issue of 57.80 lakh equity shares each with a face value of Rs 10, along with an offer for sale of up to 7,20,000 equity shares, aggregating to a total issue size of up to 65,00,000 equity shares.
12.11 / 10:05
markets IPO Provident security Analysis Trade Experts Sebi gives nod to Inventurus and Manjushree Technopack to float IPOs
Inventurus Knowledge Solutions and packaging company Manjushree Technopack have received a go-ahead from the Securities and Exchange Board of India (SEBI) to raise funds through initial public offerings (IPOs). After refiling their IPO papers in August, the companies received regulatory approval between November 4 and 8. Shares of the companies would be listed on the BSE and the National Stock Exchange (NSE).
12.11 / 10:05
Target Booking Man Google information reports Investigations How a Bengal man lost Rs 4 lakh in minutes while trying to book a cab through Google search
online scam while trying to book transportation in Udupi, Karnataka, losing a substantial sum of Rs 4.1 lakh. Desperately seeking a car rental service, the man turned to Google, where he clicked on a link supposedly for “Shakti Car Rentals.” According to local reports, the man unknowingly entered his bank details on a fraudulent car rental website that appeared in Google search results, leading to unauthorized transactions on his accounts, a TOI report stated.

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