India Financial News
27.12 / 11:27
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Courts
Former PM Manmohan Singh faced heat in coal scam, got relief from SC in 2015
Manmohan Singh, who passed away aged 92 in the national capital on Thursday, had a brush with the justice system when he was summoned as an accused in a coal block allocation case. The Supreme Court, however, intervened and stayed the directive.
27.12 / 11:27
markets
Digital
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Death
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country
Manmohan Singh saved India from economic crisis and debt trap: Deve Gowda
Manmohan Singh's death a «great loss» for the nation, JDS supremo H D Deve Gowda on Friday credited him with «saving the country» from an economic crisis and preventing it from falling into a «debt trap». The former Prime Minister described Singh as a simple, honest, and gentlemanly figure.
27.12 / 11:27
27.12 / 11:27
markets
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Updates
Stock market update: Sugar stocks up as market rises
Simbhaoli Sugars Ltd.(up 1.65%), Triveni Engineering & Industries Ltd.(up 1.28%), Ugar Sugar Works Ltd.(up 1.26%), Avadh Sugar & Energy Ltd.(up 1.09%), EID Parry(India)Ltd.(up 0.77%), Rajshree Sugars & Chemicals Ltd.(up 0.58%), Sakthi Sugars Ltd.(up 0.52%), KCP Sugar & Industries Corporation Ltd.(up 0.35%), Vishwaraj Sugar Industries Ltd.(up 0.28%) and Balrampur Chini Mills Ltd.(up 0.05%) stood among the top gainers.
27.12 / 11:27
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Digital
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Dreams
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Pay $200M on this island and live next to Amazon founder Jeff Bezos
Jeff Bezos. Situated on the ultra-private creek island, off the coast of Miami, the small, undeveloped plot of waterfront land — just 1.84 acres — is on the market for a staggering $200 million, reported New York Post.
27.12 / 11:27
markets
Digital
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PAM
social
China defends plan to build world's largest dam over Brahmaputra River in Tibet; says will not affect lower reaches
Brahmaputra River in Tibet saying that the project will not affect riparian states and safety issues have been addressed through decades of studies. Chinese Foreign Ministry spokesperson, Mao Ning played down apprehensions over the massive project estimated to cost around USD 137 billion being built in the ecologically fragile Himalayan region located along a tectonic plate boundary where earthquakes occur frequently.
27.12 / 11:27
markets
FIVE
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Singh is King! Sensex surged nearly 5 times when Manmohan Singh was Prime Minister
index BSE Sensex surged 398% or nearly five times between 2004 and 2014, climbing from 4,961 to 24,693, when then Prime Minister Manmohan Singh was at the helm. The 30 stock index ended positive on 8 out of 10 occasions during his tenure. The highest Sensex return of 81% came in 2009 followed by 47%, each in 2006 and 2007. In 2004, 2005, 2010, 2012 and 2013, the returns were at 33%, 42%, 17%, 26% and 9%, respectively.
27.12 / 11:27
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Parke
HANS
President
Justice
Courts
South Korea's leadership crisis in hands of Constitutional Court
South Korea's leadership crisis will play out in the Constitutional Court, which will decide the fate of President Yoon Suk Yeol and Prime Minister Han Duck-soo, both impeached and suspended from power over a short-lived martial law.
27.12 / 11:27
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Stock market update: Nifty Bank index 0.27%
Shares of IndusInd Bank Ltd.(up 2.31 per cent), IDFC First Bank Ltd.(up 1.25 per cent), ICICI Bank Ltd.(up 0.79 per cent), Au Small Finance Bank Ltd.(up 0.72 per cent) and HDFC Bank Ltd.(up 0.42 per cent) ended the day as top gainers in the pack.
27.12 / 11:27
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IPO
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recommendations
DAM Capital Advisors shares make a strong debut on exchanges. What should investors do?
DAM Capital Advisors made a strong debut on the exchanges, listing at a 39% gain over its issue price. The IPO received a significant investor subscription of nearly 82 times. DAM Capital is the fastest-growing merchant bank in India, achieving the highest revenue CAGR from FY22 to FY24 and the best profit margin among peers in FY24.
27.12 / 10:33
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JSW Energy appoints Feby Koshy as EVP-Head Thermal
JSW Energy on Friday announced that its board has approved appointment of Feby Koshy as the Executive Vice President — Head of Thermal. His appointment is effective from December 30, JSW Energy said in an exchange filing.
27.12 / 10:33
27.12 / 10:33
markets
Career
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wellness
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Courts
Who is Han Duck-soo, South Korea's impeached acting president?
Han Duck-soo, who was impeached on Friday as South Korea's acting president, is a career technocrat whose wide-ranging experience and reputation for rationality failed to shield him from growing political turmoil.
27.12 / 10:33
markets
UPS
Analysis
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Market Wrap: D-Street pares early gains to end higher, Sensex closes 226 points up, Nifty above 23,800
The S&P BSE Sensex settled at 78,699, up by 226.6 points or 0.29% while the broader Nifty 50 index closed at 23,813.40, higher by 63.20 points or 0.27%.
27.12 / 10:33
markets
Waters
Strategy
Sustainability
PAM
sanitizer
WABAG bags Rs 700 crore order from Zambia to set up waste water treatment plants
VA Tech WABAG has bagged a European Investment Bank and Germany-based Kreditanstalt fur Wiederaufbau (KfW) Development Bank funded design, build order for establishing two waste water treatment plants valued at Euro 78 million (about Rs 700 crore) in Zambia. The order has been secured from the Lusaka Water Supply and Sanitation Company, Zambia which also marks the entry of VA Tech WABAG into African country.
27.12 / 10:33
markets
Provident
Target
Reuters
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budget 2025
Budget 2025: Cut income tax rates! The clamour is getting louder for a reason
Budget 2025, Finance Minister Nirmala Sitharaman faces mounting pressure to reduce income tax rates, particularly for the middle class.
27.12 / 10:33
27.12 / 10:33
markets
Digital
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RAI
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Manmohan Singh encouraged young technocrats to join government: EAC-PM member Rakesh Mohan
Rakesh Mohan recalled how former prime minister Manmohan Singh used to encourage young technocratic talent to join the government and play a role in policy-making. Singh, the architect of India's economic reforms, died here at the age of 92 late on Thursday. He served as prime minister for two terms from 2004 to 2014.
27.12 / 10:07
markets
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love
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PAM
Reliance Jio
Reliance Jio launches Rs 601 annual plan for unlimited 5G data, here are benefits, validity, how to avail
Reliance Jio subscribers can now enjoy affordable speed and convenience of unlimited 5G network. The telecom company has introduced an annual Rs 601 True 5G gift voucher, which offers unlimited 5G data along with enhanced 4G data benefits.
27.12 / 10:07
27.12 / 09:51
markets
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security
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Bill
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NFO Alert: Bajaj Finserv Mutual Fund launches gilt fund
Bajaj Finserv Mutual Fund has announced the launch of Bajaj Finserv Gilt Fund, an open ended debt scheme investing in government securities across maturity with relatively high interest rate risk and relatively low credit risk.
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