Country Financial News
01.12 / 05:24
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Bhagwant Mann hikes surgarcane price by Rs 11 per quintal to Rs 391
Bhagwant Mann on Friday announced a hike of Rs 11 per quintal in sugarcane price, saying the new rate of Rs 391 a quintal is the highest in the country. The announcement came days after the chief minister assured farmers of «good news» in the coming days.
01.12 / 05:01
Target
Manufacturing
economy
Enterprise
Experts
country
recommendations
share price
week
UltraTech share price gains 1.68% to 52-week high on Kesoram acquisition. Analysts see more upside.
UltraTech Cement share price scaled all time high of ₹9152 on the BSE in the morning trades on Friday gaining almost 1.7% post Thursday's announcement on planned acquisition of Kesoram Industries Cement assets by UltraTech . Analyst see more upside looking at benefits the acquisition will accrue. UltraTech Cement Ltd planned acquisition of Kesoram Industries Cement capacities is intended to strengthen its presence and help gain market share in the South and Western region of the country.
01.12 / 04:41
Aviat
country
LPG price hike: Govt increases commercial cylinder rates. Check details here
₹21 per cylinder in various locations throughout the country. The hike will come into effect from today i.e.
01.12 / 04:41
Digital
Platform
economy
show
country
electronic
information
India holds the key to a global shift away from Swift
RBI is now in talks with its counterparts in the US and Hong Kong, besides the Society for Worldwide InterBank Financial Communications (Swift), the global financial messaging system, on the prospects of launching digital cross-border settlements. The goal is to make global payments faster and cheaper for both individuals and companies. This is not just forward-looking move but a logical one, too, especially since India appears to have done the hard yards on launching a central bank digital currency or CBDC.
01.12 / 03:59
Twitter
Platform
Actor
country
audience
social
reports
2024
Thousands of fake Facebook accounts shut down by Meta were primed to polarize voters ahead of 2024
Meta says it has found and disabled thousands of fake Facebook accounts linked to China that were used to spread politically partisan content in the United States before next year’s election
01.12 / 03:36
Target
Manufacturing
Action
show
country
Oil prices slip further as OPEC cuts, China data underwhelm
Investing.com-- Oil prices fell slightly in Asian trade on Friday, extending losses from the prior session as the OPEC+ cut supply by a smaller-than-expected margin, while weak data from China added to concerns over worsening demand.
01.12 / 03:36
Citi
Target
Action
country
reports
Department
gatherings
US, partners target North Korea with sanctions following satellite launch
WASHINGTON/SEOUL (Reuters) -The United States on Thursday targeted North Korea with fresh sanctions after its launch of a spy satellite last week, designating foreign-based agents it accused of facilitating sanctions evasion to gather revenue and technology for its weapons of mass destruction program.
01.12 / 03:36
Provident
Manufacturing
economy
Nikkei
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country
Asian stocks
Asian stocks sink after stellar November, PMIs offer mixed cues
Investing.com-- Most Asian stocks retreated on Friday, seeing a measure of profit taking after clocking strong gains through November, with focus now turning to an upcoming address from Fed Chair Jerome Powell for more cues on interest rates.
01.12 / 02:24
Cooper
Platform
Experts
country
reports
Stocks in news: UltraTech, Thomas Cook, LTIMindtree, Kesoram Industries, Wipro
Thomas Cook The offer for sale of shares by promoter Fairbridge Capital in Thomas Cook (India) Ltd received overwhelming response from institutional investors, following which, it has decided to use the greenshoe option to sell additional shares. ITD Cementation ITD Cementation has secured a contract for civil and hydromechanical works of 500 MW hydel power, pumped storage project worth approximately Rs 1,001 crore excluding GST in Andhra Pradesh. Read more: Here's the trade setup for today's session Ultratech Cement UltraTech Cement announced the acquisition of Kesoram cement unit.
01.12 / 02:24
Man
Citizens
economy
pandemic
country
hospital
travelers
More visa-free travel for Indians is good for Goa, too
India head of a destination-management multinational, his job used to be mostly about introducing global clients to exotic vacation spots in his own country. Nowadays, he spends nearly all of his time on taking rich compatriots abroad — for leisure, conferences, and, of course, big, fat, Indian weddings. No surprise, then, that Malaysia’s recent scrapping of visa requirements for Indians and Chinese citizens visiting for 30 days or less has made Yadav a happy man.
01.12 / 01:29
Booking
Airlines
Interface
Healthcare
Bill
country
travelers
NPCI eyes big-size spends on RuPay UPI credit cards
RuPay credit cards enabled on Unified Payments Interface (UPI), National Payments Corporation of India (NPCI) wants larger-ticket merchant payments also to move to its retail payment network. Currently users split bills, pay their local vendors, taxi rides and retailers through UPI, the most popular smartphone-based payments mode in the country.
01.12 / 01:29
Mobile
economy
ICE
President
country
innovations
reports
JSW, SAIC ink JV to run MG Motor operations in India
JSW Group and SAIC Motor announced an India joint venture aimed at expanding the operations of MG Motor, owned by the Chinese company, in the country. JSW will hold a 35% stake in the joint venture, they announced on Thursday. «Our strategic collaboration with SAIC Motor aims to grow and transform the MG Motor operations in India with a focus on green mobility solutions,» the JSW Group's Parth Jindal said in a media release.
01.12 / 01:29
Aware
CEO
Entertainment
President
country
information
reports
Amazon India starts top-level rejig under Manish Tiwary
Amazon has started the process of what is seen as a significant top-level restructuring of its India management team under vice president and country head Manish Tiwary, people aware of the matter told ET. The changes come at a time when Noor Patel, one of the most senior executives at Amazon India heading category management, is moving to the US, as the local team has been informed internally, the sources said.
01.12 / 01:29
Provident
Manufacturing
Enterprise
PwC
Southern
President
country
UltraTech to buy Kesoram's cement unit
UltraTech will acquire the cement business of the BK Birla Group's Kesoram Industries in an all-stock deal at an estimated enterprise value of around ₹7,600 crore, which includes debt. The deal will give UltraTech access to two integrated cement manufacturing units in Karnataka and Telangana with a combined capacity of 10.75 million tonnes per annum (MTPA).
01.12 / 01:29
Aware
Google
Platform
country
social
electronic
information
Social media firms need time to develop anti-deepfake tools: industry executives
internet intermediaries, including the likes of Google and Meta, are likely to take more time to develop tools to accurately detect and take down deep fake and synthetic content that is present on their platforms, senior executives at these companies told ET. At present, all content which is either problematic or needs to be taken down in accordance with the laws of the country needs to either be flagged by the user or gain “a certain level of traction or virality” to be recognised by machine parameters or artificial intelligence-driven identifiers, these executives said.
01.12 / 00:42
01.12 / 00:42
Target
Extreme
economy
President
Experts
country
A look at what to expect as latest UN climate talks get under way in oil-rich UAE
The Middle East plays host to its second straight U.N. climate conference over the next two weeks, with countries hoping to agree on new ways to keep the planet from catastrophic heating by the end of the century
01.12 / 00:42
01.12 / 00:41
Citi
FIVE
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cover
Latin
New study says about half of Nicaragua's population wants to emigrate
A new study says that about half of Nicaragua's population of 6.2 million want to leave their homeland because of a mix of economic decline and repression from President Daniel Ortega's government
01.12 / 00:37
01.12 / 00:37
Target
Gap
Fighting
Strategy
Bill
country
social
Senate Democrats take aim at ‘buy, borrow, die’ with latest billionaires tax
Senate Democrats introduced a bill Thursday that they say would close loopholes that allow the ultrawealthy to avoid taxes — an idea that investment advisors said would be difficult to implement but that does start a conversation about closing the wealth gap.
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