Country Financial News
06.12 / 09:25
Provident
Platform
country
information
Traffic
National Lok Adalat: Here's how you can get a traffic challan waiver or reduced fine on December 9
In order to make the process more accessible and streamlined, Lok Adalats, in conjunction with the traffic police, will establish dedicated help desks at all the district courts across the country. These help desks will help individuals with pending traffic violation cases who seek to settle fines or address related concerns.
06.12 / 09:25
Manufacturing
Gap
Apple
economy
Fitch
country
electronic
India taking the dragon head on & dimming lights of China, the world's factory floor
Make in India'. The ambitions have had a heroic journey to grow sinews that makes the Prime Minister of world's fifth largest economy to now vouch for 'Make for the world'. There are still miles to go before India laps up a significantly greater share of what the world consumes.
06.12 / 09:07
Extreme
CEO
Platform
country
beautiful
Department
Aditya Birla Fashion forms JV with Christian Louboutin for India market
ABFRL), on Wednesday announced a joint venture with high-end Parisian footwear brand Christian Louboutin, strengthening its play in India’s small but growing luxury goods market. This collaboration envisages the transfer of the current Indian business into a newly incorporated subsidiary of ABFRL where the partners will hold equal stake. The move follows ABFRL’s 2022 announcement to bring luxury department store chain Galeries Lafayette to India via large stores and a dedicated e-commerce platform.
06.12 / 09:07
Citi
Platform
Racing
Software
country
innovations
services
Rapido launches cab services to race with Uber, Ola
Rapido also aims to expand across India by the middle of 2024, said company’s co-founder Pavan Guntupalli. The aggregator company enjoys 60% market share in bike taxis, Rapido plans to expand its footprint with "the pan-India launch of Rapido Cabs, introducing an initial fleet of 1 lakh vehicles," as per the release.
06.12 / 09:07
Citi
Provident
Manufacturing
Mobile
WhatsApp
country
cover
Hero MotoCorp partners with Ather Energy for interoperable fast-charging network
Hero MotoCorp, the world’s largest two-wheeler manufacturer, has partnered with electric vehicle (EV) manufacturer Ather Energy for an interoperable fast-charging network in India. Through this collaboration, EV users will be able to seamlessly use both VIDA and Ather Grids across the country.
06.12 / 09:07
Citi
FIVE
economy
performer
country
reports
What’s fuelling oil marketing companies' stocks?
Bharat Petroleum Corp Ltd (BPCL), Hindustan Petroleum Corp Ltd (HPCL) and Indian Oil Corp Ltd (IOCL). Investors are excited about the subdued outlook for crude-oil prices and expectations of a strong December quarter on the back strong marketing margins even as refining margins have softened sequentially. Prices of Brent crude have dropped from a recent high of around $95 a barrel in September and are now hovering around $77.
06.12 / 09:03
Provident
Moodys
show
country
Oil rises as markets weigh OPEC+ cuts against China demand concerns
(Reuters) -Oil prices rose slightly in Asian trade on Wednesday, after posting losses for four sessions, as investors weighed the effectiveness of an extension in OPEC+ cuts on tightening supplies against worries of a worsening demand outlook in China.
06.12 / 08:55
Provident
CEO
Platform
Netflix
Overwatch
country
exclusive
Twitch will shut down its streaming platform in South Korea
Twitch, the popular video streaming service, will shut down its services in South Korea next year, the company said on Tuesday, after struggling for years with the high costs of operating in the country. Twitch was once one of the most popular platforms for gamers in South Korea, even as it competed with domestic services like AfreecaTV and giants such as YouTube, analysts say. The service, owned by Amazon, draws about 35 million visitors a day worldwide, according to the company.
06.12 / 08:55
IPO
Art
Manufacturing
WhatsApp
Experts
band
country
DOMS Industries buzzing in grey market ahead of IPO; GMP doubles in just 2 days
DOMS Industries are in high demand in the unlisted market. The issue will open for subscription on December 13 and close on December 15. The price band for the Rs 1,200-crore offer has not been announced yet.
06.12 / 08:35
06.12 / 08:03
BTC
Digital
ETF
SEC
President
Bitcoin
country
surges
Bitcoin Price Prediction: Surges Past $44K, El Salvador Sees Soaring Returns on BTC Investment
In an electrifying leap forward, Bitcoin‘s valuation surged past the $44,000 mark, trading at $43,858 with an impressive nearly 6% increase on Wednesday. This ascent comes after a “jet-fueled” 16% climb over six days, underscoring the cryptocurrency’s robust performance.
06.12 / 08:03
Blockchain
Digital
Nikkei
crypto tax
country
reports
Japan to Exempt Companies From Unrealized Crypto Gains Tax – Report
Japanese lawmakers discussed Tuesday on plans to exempt companies from paying tax on unrealized cryptocurrency gains. The proposal is set to be included in the fiscal 2024 tax reform plan.
06.12 / 07:37
Provident
Career
Experts
show
country
prevention
Why North Korean Supreme Leader Kim Jong Un is begging and crying in front of women
Kim Jong Un made an impassioned plea to the women of his country to have more children and raise them as communists. During the Fifth National Conference of Mothers in Pyongyang, Kim Jong Un stressed the need to reverse the declining birth rates in the country.
06.12 / 07:37
Bill
country
Department
compliance
Reducing compliance burden: Govt looking at provisions of metrology and explosives rules
Metrology Act and The Explosives Act for decriminalising and compounding minor offences with an aim to further reduce compliance burden and improve the business environment of the country, an official said. This exercise is part of an effort of the commerce and industry ministry to bring the second edition of the Jan Viswas law, under which over 180 provisions were decriminalised in 42 Central Acts administered by 19 ministries and departments. The ministry is also requesting states to do the similar exercise to promote ease of doing business and living both. «We are working on the Jan Viswas Bill 2.0. A working group of different ministries has been set up.
06.12 / 07:25
Manufacturing
Pinnacle
President
show
country
2020
November 2023 breaks records: Indian auto market achieves highest-ever sales, FADA
Japan to become the world's third-largest market in terms of sales, trailing only behind China and the United States. The automotive sector has experienced exceptional strength throughout 2023, and November stands out as a significant month, with two-wheelers and passenger vehicles (PVs) exhibiting notable strength.
06.12 / 07:25
FIVE
economy
Celebrity
performer
country
recommendations
RIL, HDFC Bank, Infosys, and 5 other large caps are 7-25% below all-time highs
Also Read: Bulls celebrate saffron sweep in state assembly elections While state elections do not correlate with Loksabha elections, the recent outcome removes a key overhang of political uncertainty for the markets for the next five months. Analysts at domestic brokerage firm Motilal Oswal said, "The equity markets were justifiably anxious about the outcome of state polls and what it portends for the 2024 general elections.
06.12 / 07:13
Booking
Airlines
economy
President
country
reports
travelers
International
Free visas no motivation as higher airfares suck the joy out of international trips
visa policies for nearby international destinations have fueled a surge in airfares, impacting travel choices. Popular and easily accessible destinations like Thailand, Sri Lanka, and Malaysia have become visa-free for Indian travelers, leading to a spike in demand and subsequently driving airfares to new highs. Almost all international airlines, with the exception of the United States, have fully resumed connections to India. Indian carriers have also increased flights abroad for the winter season, resulting in more competitive airfares to distant European and North American destinations. According to a TOI report, the Delhi-Phuket economy return this Christmas starts at Rs 50,000, significantly higher than the average of Rs 30,000 a few months ago. In contrast, Delhi-London flights begin at Rs 70,000, a notable reduction from the Rs 90-95,000 range seen during the summer. “In comparison to last year, all international airlines are now operational for routes like Delhi-Dubai, or Saudi and to London, hence airfares for these sectors are down by about 20-25%. On the other hand, airfares for popular Southeast Asian destinations like Vietnam, Thailand and Malaysia have more than doubled in comparison to last year for this period,” a spokesperson for travel portal Yatra told TOI. Anil Kalsi, Vice President of the Travel Agents Federation of India, told TOI that there is a «serious» demand for both domestic and international destinations this winter, with Southeast Asia being particularly popular. The visa-free status has made a significant impact, with destinations like Thailand witnessing a doubling of Indian tourist arrivals after granting visa exemption from November 10, 2023.
06.12 / 06:47
Provident
Manufacturing
Apple
MacRumors
country
information
reports
Apple informs suppliers it will source iPhone 16 batteries from India: Report
Apple has told its parts suppliers that it wants to get batteries for the upcoming iPhone 16 from factories in India, as per a Financial Times report. Earlier in November, Analyst Ming-Chi Kuo, as reported by MacRumors, suggested that Apple may initiate the assembling of the iPhone 17 in India, marking the first instance where the company will undertake iPhone development outside of China.
06.12 / 06:15
Experts
country
recommendations
week
NTPC, Power Grid, BHEL share prices are trading near 52-week highs. Peak power shortages are here to stay say analysts.
Power Grid Corporation of India while scaled 52 week highs on Wednesday, NTPC, Bharat Heavy Electricals Ltd with gains of 26-107% in last six months also are trading near 52-week highs scaled on Tuesday. Others prominet gainers include JSW Energy that with gains of more than 55% in last 6 months. The peak power demand in November remained buoyant.
06.12 / 05:07
Citi
performer
country
travelers
recommendations
Saudi Arabia introduces 96-hour Umrah stopover visa for Indian travelers
Saudi Arabia has introduced a 96-hour stopover visa for Indians traveling to the West or the Middle East. This initiative, part of the Saudi Vision 2030 to streamline Umrah visits, was announced by Saudi Minister of Hajj and Umrah, Tawfiq bin Fawzan. During a joint press briefing with India's Minister of Minority Affairs Smriti Irani and Minister of State for External Affairs, V Muraleedharan, Minister Tawfiq bin Fawzan emphasized the nation's commitment to facilitating the religious pilgrimage of Muslims globally.
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