Country Financial News
28.12 / 06:35
Death
Coronavirus
country
hospital
reports
Covid-19: India records six deaths, 692 new cases in 24 hours
COVID-19 cases in the last 24 hours. The total active caseload increased by four, reaching 4,097, according to the latest Union Health Ministry data. According to the official data, six deaths have been reported in the country in the last 24 hours: two in Maharashtra, and one each in Delhi, Karnataka, West Bengal and Kerala. With this, the total count of coronavirus cases in India since the virus first emerged in January 2020 has climbed to 4,50,10,944, indicating a rise of 702 cases in the past 24 hours. The total death toll due to COVID-19 cases in India has risen to 5,33,346, reflecting an increase of six deaths in the last 24 hours. Delhi on Wednesday reported its first case of the COVID-19 sub-variant JN.1. «Delhi reports the first case of JN.1, a Sub-Variant of Omicron.
28.12 / 05:11
Reuters
Manufacturing
economy
Moodys
show
country
reports
China's Dec factory activity likely contracted for third month: Reuters poll
BEIJING (Reuters) — China's manufacturing activity likely contracted for the third consecutive month, a Reuters poll showed on Thursday, weighed by soft demand for manufactured goods, a reading that would embolden calls for more policy support.
28.12 / 04:35
Reuters
Apple
Experts
country
electronic
information
reports
Apple under pressure to weaken political impact of iPhone hacking warnings: Reports
iPhones, a Washington Post report said recently. The move comes after several Opposition leaders and some journalists in October claimed that they had received emails from Apple warning them that state-sponsored attackers were potentially remotely trying to compromise the iPhones associated with their IDs.
28.12 / 04:34
Aware
Career
Mobile
economy
Healthcare
country
social
Personal loan growth spikes 32%, quarter soars 10%: CRIF-FIDC
personal loans. Unravelling the destination of these trillions in personal loans poses a captivating and pivotal question. Discerning where this capital is directed enables us to assess the influence of credit expansion on the Indian economy and pinpoint potential areas of concern.
28.12 / 03:37
Reuters
economy
MSCI
Nikkei
country
reports
Updates
Sensex Today | Share Market Live Updates: Markets up in pre-opening; eye records
₹83 to ₹83.70," he said.Global stocks mostly rose on Wednesday with a positive year-end mood continued. The Dow Jones Industrial Average led gains on Wall Street, advancing 0.3% to finish at another all-time high of 37,665.52. In European markets, London leading the way as it closed 0.4% higher.
28.12 / 03:30
Citi
Fighting
Align
President
country
2024
2024 Lok Sabha Elections: Congress all set to address 'Hain Tayyar Hum' rally in Nagpur today. 5 things we know so far
next year's general elections with its mega rally 'Hain Tayyar Hum' to be held in Maharashtra's Nagpur city today, Thursday, the party's 139th foundation day. Addressing a press conference here, Maharashtra Congress chief Nana Patole said, “It will be a historic moment for the people of the country.
28.12 / 02:23
Apple
Experts
country
social
electronic
information
reports
Centre
Centre asked Apple to soften impact of hack warnings, says Washington Post report
Apple's warnings in October to Indian opposition politicians that government hackers may have hacked their phones prompted Prime Minister Narendra Modi's administration to quickly demand the U.S. firm soften its message, the Washington Post reported. Apple's India representatives were called by administration officials who demanded that company help weaken the political impact of the warnings, the newspaper said citing three unidentified sources. An Apple security expert was also summoned from outside the country to a meeting in New Delhi and the expert was pressed to come up with alternative explanations for the warnings, it said. Apple and India's Ministry of Electronics and Information did not immediately respond to a request for comment.
28.12 / 02:07
28.12 / 02:06
country
hospital
testing
Department
patient
symptoms
AllMS Delhi issues guidelines for Covid-19 suspected and positive patients as city registers first JN.1 variant case
Coronavirus cases across the country. The director of AIIMS Delhi convened a meeting with all department heads on Wednesday to discuss contingency measures for COVID-19. During the meeting, topics such as the policy on COVID-19 testing, the allocation of specific areas for positive patients, and protocols for their hospitalization were thoroughly addressed. According to the management's COVID-19 testing policy, individuals exhibiting symptoms consistent with Severe Acute Respiratory Infection (SARI), as defined by the World Health Organization (WHO), will undergo testing.
28.12 / 01:59
28.12 / 01:42
IPO
Manufacturing
country
Dhirubhai Ambani Birth Anniversary 2023: 5 unknown facts about business tycoon
ALSO READ: Year 2024: What lies ahead for India's leading family-owned conglomerates There he learned trading, accounting, and other business skills. But, in 1958, he returned to India and settled in Bombay – now Mumbai. 1) In the 1950s, Dhirubhai began a business trading in spices and called his venture Reliance Commercial Corporation.
28.12 / 01:34
awards
Actor
country
musician
Ayodhya Ram Mandir opening ceremony: Who's invited, who's left out, who is planning to give it a miss? Read here
Ram temple in Ayodhya in 2024. It has become a political issue ahead of the Lok Sabha elections due next year. Invitations have been sent to religious leaders, actors, and politicians for the January 22 event in Ayodhya.
28.12 / 00:34
CEO
Bithumb
country
Inside
electronic
South Korean Biz Exec Bailed as ‘Bithumb Market Manipulation’ Probe Continues
A South Korean court has released a media mogul and business executive on bail as a probe into market manipulation and insider trading at the crypto exchange Bithumb continues.
27.12 / 23:47
Waves
economy
President
show
country
Remittances from Nicaraguan migrants mark new record, passing $4 billion
SAN JOSE (Reuters) — Nicaraguan migrants sent relatives back home record remittances this year through November, data from the country's central bank showed on Wednesday, fueled by massive waves of migration leaving the Central American nation in recent years.
27.12 / 21:46
Manufacturing
Software
economy
show
country
information
NOT
Manufacturing versus services: It’s not one or the other
An economy produces two broad types of output: farm and non-farm. The non-farm sector comprises industry and services. As the economy develops, their expansion drives economic growth.
27.12 / 21:42
film
show
country
Latin
reports
travelers
Department
Are real-life ‘Dunki’ stories on the rise?
A charter plane with 276 Indian passengers, grounded in France for four days due to suspected human smuggling, returned to Mumbai on Tuesday. The incident underlines the risks of illegal migration, also highlighted in the film Dunki. Mint explains the nuances: The Punjabi word dunki, meaning to move, or hop from one place to another, has inspired the term “donkey route".
27.12 / 19:43
Citi
Booking
President
Celebrity
country
gatherings
NOT
Covid is not spoiling this New Year Eve bash
Covid cases in the country are unlikely to play party pooper for large-scale New Year's Eve celebrations as there are no crowd curbs for December 31 so far, hoteliers and restaurateurs said. Celebrations and parties are being planned as usual and there is no capping in terms of numbers, the people cited above said. Maharashtra has extended timings for food and beverage licensed establishments till 5 am in areas such as Mumbai, Navi Mumbai, Thane, Pune, Pimpri Chinchwad, and Nagpur. «The bookings look very promising so far.
27.12 / 19:42
Pfizer
country
isolate
OmniActive scouts for acquisitions to expand product portfolio, reach
OmniActive Health Technologies, an integrated nutraceutical ingredient maker, is scouting for acquisitions to enlarge its product basket, gain access to customers and technologies, and expand geographically. «We are continuously scanning companies for products, customers, and technologies...this may require us to raise capital from financial institutions in India or abroad,» Sanjaya Mariwala, chairman and managing director of Mumbai-based OmniActive, told ET in an interview. In January 2021, US private equity firm TA Associates had acquired a majority stake in OmniActive. According to Crisil, as of July 2023, TA held 56.35% stake in OmniActive and the Mariwala family held 39.99%, while the rest was held by other shareholders. Mariwala expects OmniActive to grow at a much faster rate in the next several years through launch of new products and expansion. The company's revenue in FY23 was ₹716 crore. Over the years, OmniActive has spent ₹400-500 crore on research and development (R&D) and created a backward integrated model, where it sources flower extracts and botanical plants from agricultural fields through contract farming and established USFDA-compliant facilities to extract, isolate and purify the active nutraceutical ingredients. It has emerged as one of the top suppliers to global consumer health and pharmaceutical companies such as Bausch & Lomb (eye health), GNC, The Vitamin Shoppe, Novartis and Pfizer, among others.
27.12 / 19:40
CEO
President
country
Inside
Basmati prices cool at home as a restive Red Sea hurts exports
basmati rice have fallen due to militant attacks against merchant ships in the Red Sea, leading to 5-10% fall in basmati prices in the domestic market, exporters said. Leading shipping lines' decision to avoid the Suez Canal route amid Houthi attacks has also impacted sunflower oil imports from Russia and Ukraine. Sunflower oil prices in the local market are likely to go up by 3-4% as international prices have increased by $30 per tonne in the last one week to $940 per tonne, trade insiders said.
27.12 / 19:14
Provident
Aware
Manufacturing
awards
country
prevention
No blanket exception for PSU oil companies from local sourcing mandate on steel
According to officials aware of the move, the ministry of petroleum and natural gas had requested a general exception from provisions of the Domestically Manufactured Iron & Steel Products (DMI&SP) policy. The relaxation was to help speed up awarding of tenders floated by public sector undertakings such as Engineers India Ltd (EIL), Oil and Natural Gas Corporation (ONGC), Oil India Ltd (OIL) and Indian Oil Corporation Ltd (IOCL). «More evidence is required to say that steel items could not be domestically manufactured. There will be no general exception under DMI&SP to the companies,» a senior government official told ET. Under the DMI&SP policy, the Centre gives preference to domestically manufactured iron and steel products in procurement tenders floated by public sector undertakings.
27.12 / 19:11
Citi
Entertainment
Experts
country
beautiful
electronic
reports
India's mall story gets a lot more interesting, expected to see investment of over Rs 20k cr in 3-4 years
Retail real estate industry is riding a boom in demand. More than 5 million square feet (msf) of grade A malls became operational in 2023 — the highest in seven years — and another nearly 8 msf is slated for completion in 2024, industry executives said. Malls are expected to attract investment of more than Rs 20,000 crore over the next 3-4 years as the country's biggest mall developers, DLF, Prestige and Phoenix, have entered the next phase of expansion as almost all top retailers are expanding their store count. «Retail real estate sector has been witnessing increased traction, largely driven by strong consumption-led growth of the Indian economy,» said Saurabh Shatdal, managing director, capital markets, and head retail, India, at Cushman & Wakefield. Listed retail players such as Reliance Retail, PVR, Aditya Birla Fashion, and Tata Trent increased their store count significantly this calendar as their revenues continued to rise.
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