India Financial News

28.12 / 11:07

markets Digital Strategy Experts PAM social prevention CBI searches premises of ED officer in Shimla, seizes cash

CBI has searched the premises of an assistant director of the ED in Shimla, who managed to give a slip to the agency during a trap operation on Sunday and escaped, officials said. The assistant director of the Enforcement Directorate (ED) posted at Shimla and his brother Vikas Deep, a senior manager in the Punjab National Bank in Delhi, had allegedly gone to Chandigarh to receive bribe money from a businessman, who is facing a case lodged under the Prevention of Money Laundering Act (PMLA), they said.

28.12 / 11:07

markets Strategy PAM social Courts Traffic Cheque-mate: 43 lakh cheque bounce cases pending in Indian courts

cheque bounce cases are pending in various courts across the country, with Rajasthan recording the highest number—more than 6.4 lakh cases, as of December 18, Times of India has reported.

28.12 / 11:07

COST Waves Google social Videos Destinations IIM Ahmedabad graduate drives cab in Bengaluru after driver falls asleep, watch viral video

Milind Chandwani, an Indian Institute of Management (IIM) graduate and the founder of Camp Diaries Bengaluru, has captured widespread attention online. Chandwani shared an unusual incident from his late-night cab ride from Bengaluru airport, highlighting the challenges overworked drivers face and the unexpected situations life throws at us.

28.12 / 11:07

Target WhatsApp trends social Next ECB rate cut could be longer in coming, Governing Council member Robert Holzmann says

European Central Bank could be longer in coming after a recent uptick in inflation, ECB Governing Council member Robert Holzmann was quoted as saying on Saturday.

28.12 / 11:07

markets Target security Analysis Research Trade Experts Vodafone Group clears about Rs 11,650 cr dues to lenders raised against VIL shares

Vodafone Group has cleared dues of around Rs 11,650 crore or about 109 million pound that it raised against shares of Vodafone Idea, according to a regulatory filing. Vodafone Group had pledged almost the entire stake in VIL to raise the debt. The pledge was created in favour of HSBC Corporate Trustee Company (UK) for the debt raised by Mauritius and India-based entities of Vodafone Group.

28.12 / 11:07

markets Citi Digital Strategy Experts PAM social Patna administration offers to facilitate protestors' meeting with BPSC

Bihar Public Service Commission (BPSC) examination held on December 13, to facilitate a meeting with it so that they could put forth their grievances. The candidates, seeking cancellation of the 70th Integrated Combined Competitive Examination (CCE), 2024, under the BPSC over allegations of question paper leak have been protesting for more than a week.

28.12 / 10:31

CEO Remark Research community social innovations Schools American claims all AI companies were found by white men. Desi CEO schools him with emojis

H-1B visa reforms, a controversial remark about Indians and artificial intelligence has drawn widespread attention, particularly catching the eye of Aravind Srinivas, cofounder of Perplexity AI.

28.12 / 10:31

markets Digital Booking Strategy PAM social Another jackpot surpasses USD 1 billion. Is this new normal?

28.12 / 10:31

markets Action Strategy Election PAM social Delhi LG orders border checks over allegations of cash transfers

Vinai Kumar Saxena has directed the Commissioner of Police (CP) to carry out immediate checking of «private» cars coming from Punjab at the border of the national capital.

28.12 / 10:31

markets Citizens Action Strategy Election social Department Delhi LG directs inquiry against 'non-govt' people getting people registered for 'Mahila Samman Yojana'

Delhi Lieutenant Governor Vinai Kumar Saxena has initiated inquiry into the allegation that «non-government» people are collecting personal details of residents of Delhi in the name of registration for Aam Aadmi Party's (AAP) proposed welfare scheme 'Mahila Samman Yojana'.

28.12 / 10:31

markets security Analysis Research trends Trade Experts FIIs offload Rs 656 crore in December as selling abates; buying seen in primary markets

For 2024 till 27th December, FIIs net sold equity for Rs 1,19,277 crore through the exchanges.

28.12 / 10:31

markets Digital Strategy Death Experts PAM social UN chief Antonio Guterres saddened by death of former prime minister Manmohan Singh

Antonio Guterres is saddened by the death of former prime minister Manmohan Singh, who played a «pivotal role» in shaping the nation's «economic trajectory». The Secretary-General expressed his «deep» condolences to Singh's family, the government, and the people of India.

28.12 / 10:31

markets Analysis Sustainability trends Trade show Inside Nifty struggles below 200-DMA amid narrow range and low volatility

Nifty spent the truncated week struggling to stay afloat just below the key resistance levels. With just four working days, the Nifty resisted each day to the 200-DMA and failed to close above that point. The trading range got much narrower, and the Nifty oscillated in just 291.65 points before closing with a minor gain. The volatility also cooled off as compared to the previous week. Against the surge of 15.48%, this week saw India VIX declining by 12.17% to 13.24. Following strong consolidation, the headline index closed with a modest weekly gain of 225.90 points (+0.96%).

28.12 / 10:31

markets Strategy Death President BABA social I felt bad when Congress did not call CWC meeting during Baba's demise: Sharmistha Mukherjee

Sharmistha Mukherjee, daughter of former President Pranab Mukherjee, on Saturday, said that she felt bad when Congress did not call a CWC meeting to formally pay condolences to his father during his demise.

28.12 / 10:31

markets Target Manufacturing President country social Hard-hit by rising imports, steel sector eyeing policy initiatives to safeguard its interests in 2025

steel industry will be keenly eyeing policy initiatives in 2025 to safeguard its interests as it moves ahead with the 300 MnT capacity target amid volatile raw material prices. Another challenge in front of the industry will be to expedite its efforts to transition to clean manufacturing processes with the government's push to green steel production amid global thrust on cutting greenhouse gas emissions in hard-to-abate sectors.

28.12 / 10:31

markets Digital Action Strategy Experts PAM social Political leaders who attack govt officials will not be spared: Andhra Dy CM

Andhra Pradesh Deputy Chief Minister Pawan Kalyan on Saturday warned that any political leader who «attacks» or «obstructs» a government official on duty will face stern action. He issued this warning after visiting a Dalit government official who was allegedly attacked by a local YSRCP leader C Sudarshan Reddy.

28.12 / 09:17

UPS Art wellness trends fun International Do fashion collaborations give both brands an edge?

Subscribe to enjoy similar stories. If there’s one fashion trend that’s here to stay, it is that of fashion collaborations—when two brands, usually one larger than the other, come together to create a limited-edition product or a capsule collection. The idea isn’t new and can be traced back to when legendary designer Elsa Schiaparelli teamed up with surrealist artist Salvador Dalí in the 1930s, creating pieces like the Lobster Dress, but the constant fusion of often different aesthetics pushes the boundaries of fashion.

28.12 / 06:43

markets UPS wellness Justice beautiful Courts International The rise and reign of India’s beauty baroness Shahnaz Husain

Subscribe to enjoy similar stories. Beauty baroness Shahnaz Husain, who turned 80 last month, was one of India’s OG influencers long before the term was coined. As the pioneer of organic green beauty in the country, she brought with her great business acumen, unabashed in-your-face marketing chutzpah, and a prescient sense of future trends.

28.12 / 06:05

markets Booking wellness love Inside social The year in books: Hits and misses of 2024

Subscribe to enjoy similar stories. In a recent post on the social media platform X, a leading Indian publisher bemoaned the dwindling fortunes of English-language fiction in the country. Despite the proliferation of books from India, readers still prefer international bestsellers or classics—that was the essence of her message.

28.12 / 04:35

markets UPS Analysis wellness trends Trade show Stocks hit, dollar slips in illiquid year-end profit taking

Even with its slight loss on Friday, the U.S. dollar was headed for an almost 7% annual gain, as traders anticipated robust U.S. growth, as well as tax cuts, tariffs and deregulation by the incoming administration of President-elect Donald Trump, would make the Federal Reserve cautious on rate-cutting well into 2025.

28.12 / 04:35

markets COST UPS DOW Analysis Trade Wall St finishes down after sell-off at end of strong holiday-shortened week

Wall Street's holiday cheer ended abruptly on Friday, with all three main benchmarks closing lower in a broad-based sell-off affecting even tech and growth stocks that had driven markets higher through much of the shortened trading week. The decline ended the Dow Jones Industrial Average's five-session winning streak that had followed a 10-session decline, its worst losing stretch since 1974.

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