Country Financial News
02.12 / 07:37
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Avadh Ojha, popular UPSC teacher, joins AAP; Thanks Arvind Kejriwal and Manish Sisodia
Avadh Ojha joined the Aam Aadmi Party (AAP) on Monday. The announcement was made in the presence of party chief Arvind Kejriwal and senior leader Manish Sisodia. Ojha emphasized his alignment with AAP’s focus on education and children’s future, terming it his primary ambition in politics.
02.12 / 07:37
markets
UPS
Digital
Platform
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inclusion
Digital Footprint to help MSME get up to Rs 5 L loans from Muthoot FinCorp ONE
Muthoot FinCorp ONE just on the basis of the daily transactions they do using QR-code. Muthoot FinCorp ONE, a strategic business unit and the digital platform of Muthoot FinCorp Ltd (MFL) will offer loans with daily repayment options to Micro, Small and Medium Enterprises (MSME) that use QR-code based apps for daily collections, the NBFC said in a statement. This is in line with a 'New Credit Assessment Model' for small businesses, which Finance Minister Nirmala Sitharaman had announced in her Budget presentation on July 23. Under the model, banks were required to assess small businesses based on their 'digital footprints' and not on their balance sheets. According to a report by IFC (International Finance Corporation), India's nearly 6 crore MSMEs contribute 31 per cent to the GDP, employ nearly 13 crore people, and make up 45 per cent of exports. Yet, despite being the backbone of the economy, they remain extremely credit-starved. The current addressable credit gap for MSME in India runs into a few lakh crore rupees.
02.12 / 07:37
markets
Digital
Mobile
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Features
Ola Electric to expand its distribution network to 4,000 stores by December to boost business growth
Ola Electric, India's electric vehicle (EV) company, has announced a massive expansion of its distribution network, aiming to increase the count to 4,000 stores by December 20, 2024. This rollout, featuring over 3,200 new outlets alongside its existing 800 stores, is one of the most extensive EV distribution expansions globally, underscoring Ola's commitment to democratizing EV adoption in India. The expanded network will cover all pin codes in the country, making Ola Electric the largest EV distributor in India. All new stores will be equipped with co-located service facilities, further enhancing after-sales support for customers.
02.12 / 07:37
markets
Virus
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reports
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symptoms
'Bleeding eye' virus sparks global fear: Urgent warning issued to UK, Africa travelers over 'deadliest' disease. Check symptoms
Marburg, also termed as the 'Bleeding Eye's virus due to one of its symptoms, has killed 15 people in Rwanda and has left hundreds of them infected, reports The Mirror. ALSO READ: Delhi reports first case of Japanese Encephalitis: check symptoms of this viral disease
02.12 / 06:17
UPS
security
Continental
Trade
President
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International
Before exiting, Biden heads to Africa to highlight his own counter to China. Will Trump take it up?
President Joe Biden will make his long-awaited visit to Africa this week to showcase a U.S.-backed railway project that goes across three countries
02.12 / 06:05
Manufacturing
Apple
Software
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Xiaomi
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electronic
Building Apple products has become a side hustle for China’s biggest EV maker
Subscribe to enjoy similar stories. Apple products say on the box “assembled in China," leaving the mystery of who did the assembling. Owners of a new iPad might be surprised to learn one of the answers: China’s biggest electric-vehicle maker.
02.12 / 06:05
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UPS
Manufacturing
wellness
country
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recommendations
Solar power has the potential to grow 8x. This company could benefit the most.
Subscribe to enjoy similar stories. India, the third largest electricity producer, is gradually shifting to renewable sources of energy to meet its rising power demand. The country's installed solar power capacity stands at 92.19 gigawatts (GW), a 35x growth since 2014, according to the data as of October 2024.
02.12 / 06:05
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COST
UPS
Volkswagen
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politician
Will the trouble ever end for Volkswagen and its rivals?
Subscribe to enjoy similar stories. Car dashboards have an array of indicators that illuminate to warn of trouble. If the boardrooms of Europe’s carmakers had similar systems they would be lit up like a Christmas market.
02.12 / 02:37
markets
Strategy
wellness
Trade
stage
country
cover
Adani issue: Primary consideration for investors should be returns and efficacy of cash flow: Abizer Diwanji
Abizer Diwanji, Founder, NeoStrat Advisors LLP, says people will take the decision on the basis of whatever their compulsions are. Institutional investors, especially from the US, will have bigger compulsions in their country, being answerable to their own investors, and they may take a different call. The primary consideration for a normal investor should be returns and the efficacy of cash flow. As far as we have been covering banking, there is a reputational risk, there is a financial risk. But despite that, you have seen that Japanese lenders may continue to support Adani. How would these banks be assessing the situation according to you? Abizer Diwanji: First of all, banks are very focused on lending and lending to specific projects which have a high probability of cash flows, that is the most important thing. Now, given the group's ability to construct and execute contracts well, I think from a credit risk perspective which is the main criteria on which lending is done, most people would take a view that there is no problem with the credit.
02.12 / 02:19
markets
Digital
Remark
wellness
Experts
PAM
country
Society vanishes when fertility rate falls below 2.1: RSS chief warns of India's population decline
Rashtriya Swayamsevak Sangh (RSS) Chief Mohan Bhagwat on Sunday stated that India's declining population is a concerning issue, noting that according to modern population science, a society vanishes when its fertility rate falls below 2.1. He also underlined that the fertility rate should be above three or four for the society to survive. «The decline in population is a matter of concern. Modern population science says that when the fertility rate of a society goes below 2.1, that society vanishes from the earth. The society gets destroyed even without any crisis. In this way, many languages and societies have disappeared. The population should not fall below 2.1. Our country's population policy was decided in 1998 or 2002, and it also mentions that the population of a society should not be less than 2.1. We need more than two or three; this is what population science says. The number is important for the survival of society,» Bhagwat said, addressing the Kathale Kul Sammelan in Nagpur.
01.12 / 23:23
01.12 / 23:23
01.12 / 20:25
markets
Digital
Parke
Experts
PAM
country
reports
MP has got investment proposals of Rs 78,000 crore during my 6-day tour of UK, Germany: CM Mohan Yadav
Chief Minister Mohan Yadav said on Saturday. Investment proposals of Rs 59,350 crore and Rs 18,090 crore were received from UK and Germany, respectively, in the education, health, skill development and technology sectors, Yadav told reporters here on his return from the tour. «During the UK visit, the focused areas of the delegation were minerals, semiconductor, health, automobile, EV, renewable energy, education and food processing. In Germany, we have specially focused on technology research, green energy and industrial development,» he said. In UK, the SRAM and MRAM group has given an investment proposal worth Rs 25,000 crore in semiconductors and science and technology Park, an official said. «Similarly, Helion Pharmaceuticals has given an investment proposal worth Rs 3,000 crore. After discussions with the company head, it was immediately decided to allocate land to the pharma major in Indore's Smart Industrial Park. Germany's Long House Partners has proposed investment of Rs 14,000 crore in the technology and innovation sector, while AMS OSRAM is keen to invest Rs 1500 crore in semiconductor/electronics sector,» the official said.
01.12 / 16:17
markets
Digital
Election
Experts
PAM
country
PM Modi to visit Haryana on December 9, will launch Pradhan Mantri Bima Sakhi Yojana: Haryana CM
Nayab Singh Saini on Sunday announced that Prime Minister Narendra Modi will visit Haryana on December 9 to launch the Pradhan Mantri Bima Sakhi Yojana in the state. Speaking to reporters, Nayab Singh Saini outlined the preparations for the visit and emphasised the government's commitment to fulfilling its promises «Today, we had discussions with all the workers regarding our BJP membership campaign. We should achieve our target in 1-2 days and after that, PM Modi is coming to Haryana on 9th December to launch the Pradhan Mantri Bima Sakhi Yojana and all the workers have been assigned the duty to take women from here in large numbers to Panipat. Our government will continuously fulfil the promises we made in the state and take Haryana forward,» Haryana CM said.
01.12 / 15:13
markets
security
President
show
country
peace
President Volodymyr Zelensky says Ukraine needs arms, NATO invite before Russia talks
Volodymyr Zelensky said Sunday that his country needed security guarantees from NATO and more weapons to defend itself before any talks with Russia. He made the comments after meeting the EU's new head of diplomacy Kaja Kallas and EU Council chief Antonio Costa, who were visiting Kyiv as a show of support on their first day in office. «An invitation for Ukraine to join NATO is a necessary thing for our survival,» Zelensky said at a press conference with Costa.
01.12 / 15:13
markets
Citi
Digital
security
Strategy
country
social
PM Modi expresses concern over threats generated from digital frauds, cyber-crimes and Al technology
Narendra Modi on Sunday called the police to to convert the challenge posed due to digital frauds, cyber crimes and Al into an opportunity by harnessing India's Al power of Artificial Intelligence and 'Aspirational India'. The comments came during the 59th All India Conference of Director Generals/ Inspector Generals of Police at Bhubaneswar on on Sunday. In his address, the prime minister expressed concern on the potential threats generated on account of digital frauds, cyber-crimes and Al technology, particularly the potential of deep fake to disrupt social and familial relations. Further, he expanded the mantra of SMART policing and called upon the police to become strategic, meticulous, adaptable, reliable and transparent.
01.12 / 15:13
markets
Fighting
Strategy
Election
President
country
"Our fight is against hatred": Kharge slams Modi Govt at 'Samvidhan Bachao' rally in Delhi
Congress President Mallikarjun Kharge on Sunday said Prime Minister Narendra Modi is «leaving no stone unturned to break our unity.» Addressing the 'Samvidhan Bachao' rally at Ramleela Maidan, Kharge said,«Modi ji leaving no stone unturned to break our unity… They leave behind the common man because they hate them. Our fight is against this hatred. For that, political power is essential...» Further slamming the ruling party, he said The BJP only talks about morality but «repeatedly engages in unethical behaviour.»
01.12 / 13:13
Action
Strategy
Remark
President
country
J-K BJP leaders demand action against Mehbooba Mufti over 'anti-national' remarks
Jammu and Kashmir BJP leaders on Sunday demanded action against PDP president Mehbooba Mufti for her «anti-national» remarks comparing the situation in Bangladesh with India. They welcomed the recent termination of services of two government employees over alleged terror links by the Lieutenant Governor Manoj Sinha and said such actions should continue in the future to completely finish the terror ecosystem in the Union Territory. «Mehbooba's controversial statement comparing the situation in Bangladesh with India is completely wrong and condemnable. The world is aware of the worst kind of human rights violations in Bangladesh where the minority community is facing targeted attacks, women insulted and an elected prime minister forced to flee the country, besides the statues of its founder desecrated. »The J-K government should take a serious note of the anti-national statement of Mehbooba and her conspiracies. Action should be taken against her," former J-K BJP president Ravinder Raina told PTI on the sidelines of a party function here.
01.12 / 13:13
markets
UPS
Action
Strategy
President
Experts
country
Unpacking India's fuming response at COP29: What really transpired?
India were fast asleep, a drama unfolded at a sprawling conference hall of the Olympic stadium in Azerbaijan's capital Baku. Diplomats from nearly 200 countries, civil society representatives and journalists had gathered to witness a decision that could determine the fate of climate action in the Global South. But what transpired was far from routine — it was a moment of diplomatic brinkmanship that left many stunned and India's delegation fuming. As the president of this year's UN climate conference, Mukhtar Babayev, approached the centrepiece agenda item — the New Collective Quantified Goal (NCQG) on climate finance — India's Deputy Lead Negotiator Neelesh Sah rushed to COP29 Lead Negotiator Yalchin Rafiyev to convey that the country wants to make a statement before the adoption of the contentious decision. Around 2:30 am, without so much as a pause for objections or comments, Babayev hammered the gavel, declaring the USD 300 billion climate-finance package adopted. The move was so swift, it left delegates from many developing countries blinking in disbelief.
01.12 / 13:13
markets
UPS
Strategy
President
country
gatherings
Top seers to approve Sanatan Board proposal at Maha Kumbh, will be sent to Centre
Sanatan Board will be cleared at a congregation of prominent seers and sages at the Maha Kumbh here and will be submitted to the central government, President of Akhil Bharatiya Akhara Parishad Mahant Ravindra Puri said on Sunday. He announced that a Dharma Sansad will be held during the Maha Kumbh on January 26, the UP government said in a statement. «Prominent seers and sages from across the country, including Shankaracharyas from all four Peeths and heads of 13 Akharas, will gather at the Sangam. »The Sansad will propose the formation of a Sanatan Board which will be submitted to the central government for approval. The goal is to establish a well-structured, government-recognised board that upholds the principles of Sanatan Dharma without any shortcomings," he said.
01.12 / 12:49
Death
students
show
country
reports
Videos
"Working to make Bangladesh part of India': Mob heckles journalist Munni Saha, video goes viral
Munni Saha was reportedly heckled by a mob, a video of which has gone viral on the Internet. She was later arrested in Dhaka’s Kawran Bazar area on Wednesday night after the confrontation with the mob. Police intervened after the crowd accused Saha of spreading misinformation and “working to make Bangladesh a part of India.” Saha maintained her innocence, stating, “This is also my country.” A video circulating online shows the tense encounter. The mob accused Saha of involvement in the 2009 Bangladesh Rifles mutiny and student deaths. “You are doing everything to make this country a part of India. The blood of students is on your hands,” one person shouted. Saha responded, “How have I harmed? This is also my country.”
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