Country Financial News

₹1,665 apiece on the BSE after media reports said that the company aims to deliver 2,000 electric buses in fiscal 2023-24. The leading manufacturer specialising in auto systems and buses has also outlined plans to introduce an additional 3,000 electric buses by the first half of the upcoming year, demonstrating a determined push towards a cleaner and greener future for public transportation, according to a report by CNBC-TV18. Also Read: Bajaj Auto December sales grow 16% YoY to 3.26 lakh units; two-wheeler sales up 15% Stock exchanges BSE and NSE have asked for clarifications regarding these plans from JBM Auto.

₹2,000 banknotes in circulation, the Reserve Bank of India (RBI) said on Monday. The total value of ₹2,000 banknotes remaining in circulation as of December 29, 2023, stood at ₹9,330 crore, the apex bank said. The central bank said ₹2,000 banknotes will continue to be legal tender.

COVID-19, while the number of active cases of the infection have increased to 4,394, the health ministry said on Monday. Three new fatalities due to Covid-- two from Kerala and one from Tamil Nadu — have been reported in a span of 24 hours, according to the ministry's data updated at 8 am.

Hyundai Motor India achieved the highest-ever domestic sales in the calendar year 2023, surpassing the six lakh sales milestone. The automaker recorded sales of 6,02,111 units, registering a 9 per cent increase over the previous year's 5,52,511 units. Additionally, Hyundai Motor India elevated its export performance by 10 per cent, shipping 1,63,675 units in 2023 compared to 1,48,300 units in the previous year. In December 2023, Hyundai Motor India achieved total sales of 56,450 units, comprising 42,750 units in domestic sales and 13,700 units in exports. «HMIL has not just kept pace but surpassed industry growth (estimated at around 8.2%), a testament to customers choosing brand Hyundai as their preferred mobility brand,» said Tarun Garg, Chief Operating Officer, Hyundai Motor India. «Also, in 2023, we proactively expanded our annual production capacity by 50,000 units to meet the increasing demand from our customers.» The automaker presently operates from 1,366 sales points and 1,548 service points across India. The model line-up consists of 13 car models across segments: Grand i10 NIOS, i20, i20 N-Line, AURA, EXTER, VENUE, VENUE N-Line, VERNA, CRETA, ALCAZAR, TUCSON, KONA Electric and all-electric SUV IONIQ 5. Its fully integrated, state-of-the-art manufacturing plant near Chennai boasts advanced production, quality, and testing capabilities.

DELHI: Continuing with an over three-decade practice, India and Pakistan on Monday exchanged a list of their nuclear installations under a bilateral pact that prohibits the two sides from attacking each other's atomic facilities. The exchange of the list took place under the provisions of an agreement on the prohibition of attack against nuclear installations and facilities, the ministry of external affairs (MEA) said. It was done simultaneously through diplomatic channels in New Delhi and Islamabad. «India and Pakistan today exchanged, through diplomatic channels simultaneously at New Delhi and Islamabad, the list of nuclear installations and facilities, covered under the agreement on the prohibition of attack against nuclear installations and facilities between India and Pakistan,» the MEA said. The agreement was signed on December 31, 1988 and entered into force on January 27, 1991.

China's first domestically built cruise ship set sail on its maiden voyage from Shanghai on Monday, a sign of the nation's growing prowess in sophisticated construction as it seeks self-sufficiency in key technologies. The Adora Magic City left port on its first commercial cruise late afternoon, en route to South Korea and Japan.

Japan earthquake. Japan Meteorological Agency said that a succession of 21 earthquakes registering 4.0 magnitude or stronger struck central Japan in just over 90 minutes on Monday, 1 January. Catch LIVE updates of Japan Earthquake and Tsunami Japan issued a major tsunami warning for Ishikawa and lower-level tsunami warnings or advisories for the rest of the western coast of Japan's main island of Honshu.

Japan earthquake: The 7.6 magnitude earthquake that hit central Japan on Monday has triggered Tsunami warnings in Japan, North Korea, and Russia. The Kremlin confirmed the reports of Tsunami warnings in Russia's Far East region and said the evacuations are being carried out to relocate the people to safer areas. The Japan Meteorological Agency informed that 21 earthquakes rocked the country and all were above the magnitude of 4.0 As per the reports, the first Tsunami waves that hit the Japanese coastal regions of Ishikawa, Niigata, and Toyama were around a meter high.

Japan earthquake tsunami LIVE news updates: In a major tragedy on the day of New Year, Japan was hit by 21 above 4.0 magnitude on Monday. The earthquakes, which were as intense as 7.6 magnitude triggered infrastructure collapse in the country with people running to save their lives.

Canadians are ringing in the new year with plans to cut down on spending and make other behaviour changes amid growing recession fears after a year riddled with concerns about inflation, rising interest rates and high cost of living.

Embracing regulatory transformation and innovation, the year 2023 was nothing short of a milestone for the insurance industry. The dynamic customer needs served as a catalyst of change and the industry rose to the occasion with several customer-centric policy changes. The regulatory authority is already steering the sector towards Insurance 2.0 with initiatives like Bima Trinity bringing about better accessibility and inclusivity to the insurance industry.

By Neeraj Agarwala

The Income Tax (IT) department has sent alerts through text messages and emails to around 3 million salaried taxpayers across the country, highlighting the apparent mismatch between TDS (tax deducted at source) and the refunds claimed by them in their revised tax returns, an official told FE.

Institutional investments in the Indian real estate sector maintained a steady momentum at $5.4 billion, rising 10% y-o-y during 2023, with the office segment to be the highest contributor. The year witnessed the highest levels of investment inflows since 2020 showcasing India's resilience despite uncertainties in global markets otherwise. Office sector continued 56% share in total inflows in 2023, attracting both global as well as domestic capital, led by select large deals.

Union Budget: India, as a land of diversity, architectural wonders, and vast and varied landscapes, makes for an ideal destination for leisure and business tourism. Travellers seek the country not only for cultural and heritage tourism but also on offer is a varied portfolio of niche tourism products — river cruises, adventure, medical, wellness, sports, MICE, eco-tourism, film, rural, and religious tourism. For a few years, the sector was marred by the pandemic, but has now made a massive comeback and holds great potential for growth and contribution to the Indian economy. The travel and hospitality industry in India is a multi-billion diverse sector driven by factors like disposable income and has attracted the attention of global investors.

A surprise surge in American oil and gas production and exports is helping to keep the world stocked, blunting the impact of widening conflict in the Middle East that has crimped key shipping lanes. When Iranian-backed Houthi militants began launching missiles and drones at ships crossing the Red Sea near Yemen in October, many feared disruption to the vital shipping lane would drive up energy prices. But oil and gas prices this past month have sunk about 5% and 23%, respectively.

US President Joe Biden on January 1, Chinese President Xi Jinping emphasized that history has demonstrated the importance of maintaining mutual respect and peaceful coexistence as the correct approach for fostering positive relations between China and the United States, Bloomberg reported. This comes as both nations work towards repairing their strained diplomatic ties.

Reuters. While hosting senior military leaders on Sunday at the ruling Workers' Party (WPK) headquarters, Kim pointed out that hostile manoeuvres by the enemies pose the danger of an armed confrontation on the Korean peninsula. This situation makes it mandatory for the country to "sharpen the treasured sword" to protect itself, said Kim.

invade Gaza, one question keeps coming up: who should take control of it after they have rooted out Hamas—if, indeed, they are able to do so? Many, especially Israel’s allies, are looking to the Palestinian Authority (PA), which was thrown out of Gaza by Hamas almost two years after Israel withdrew its troops and dismantled its settlements there in 2005. But the PA seems to be in no position to take charge of the coastal enclave.

VHP warns of QR code scam ahead of Ram Mandir event in Ayodhya "Invitations are only extended to those who are devotees of Lord Ram. It is totally wrong to say that the BJP is fighting in the name of Lord Ram, our PM is respected everywhere. He has done immense work under his tenure.

Arvind Panagariya is expected to start consultations with all states once the chairperson and members assume charge. Revenue sharing among states is a controversial subject given that there is always fund crunch and the welfare needs are different. Besides, in a vastly diverse country, the parameters have to accommodate the interests of all the states which are on different development trajectories.