Country Financial News
21.11 / 16:12
Provident
Target
Fitch
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country
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Oil reverses gains as investors turn cautious ahead of OPEC+ meeting; Brent at $81/bbl
₹6,470 per bbl, having swung between ₹6,420 and ₹6,500 per bbl during the session so far, against a previous close of ₹6,543 per barrel. Also Read: Crude below $80/barrel to support OMCs in near-term; ONGC, Oil India key beneficiaries of high prices -Between now and the weekend meeting, traders will get fresh insights into US fundamentals with the release of official figures on crude and product stockpiles. Nationwide crude inventories have expanded for the past four weeks to the highest since August.
21.11 / 16:12
love
Pride
country
social
reports
recommendations
‘Patriotism and pride…’: Why NCERT panel chief wants Ramayana, Mahabharata in school textbooks
inclusion of Ramayana and Mahabharata in textbooks. The recommendation has been made by the NCERT panel in-charge of suggesting changes to the social sciences syllabus. The committee's chairperson, Professor CI Isaac, said it is essential to include the two ancient texts in the curriculum to develop a sense of patriotism, pride and love for the culture in students during their teenage years, the Hindustan Times reported.
21.11 / 16:12
Tesla
country
reports
Tesla shares surge over 2% on report of possible pact with India to import EVs
Tesla Inc. rose more than 2% on Tuesday after a media report said that the US automaker is nearing a pact with India to import its electric vehicles (EVs) to the country. At 9:45 am GMT - 21 November, Tesla shares were trading 2.30% higher at $241.02 on the Nasdaq.
21.11 / 16:12
IPO
Extreme
Action
Strategy
country
classical
isolate
Honasa Consumer Ltd’s IPO had lessons for investors
₹324. On 10 November, the stock’s price fell during the day to a low of ₹256, which was more than a fifth lower than its issue price. Since then, the company’s stock price has recovered, and on Tuesday it closed at around ₹367, or a little over 13% higher than its issue price.
21.11 / 16:12
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Platform
love
Celebrity
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country
shock
Small restaurants, cloud kitchens heating up competition: Zomato's Rakesh Ranjan
Zomato has now chalked up two successive profitable quarters, focusing on improving efficiency as it handles more orders and a wider network of restaurants. The online food-ordering platform still has a number of challenges on its plate – getting restaurants to agree with its policies, driving up customer acquisition in a country that still loves to cook at home, and ensuring the overall well-being of its delivery riders. At the company headquarters in Gurugram, Rakesh Ranjan, CEO, Food Delivery, Zomato, spoke at length on the evolving restaurant landscape, inflation, the company’s plans to get more customers to order more frequently, and on chasing profitability.
21.11 / 16:12
CEO
Mobile
President
Innova
country
consequences
Toyota Kirloskar Motor to invest ₹3,300 crore to set up third plant in Karnataka
BENGALURU : Toyota Kirloskar Motor on Tuesday announced plans to invest ₹3,300 crore to set up its third plant at Bidadi in Karnataka. The new unit, which will commence production by 2026, will have an annual capacity of 1 lakh units in two shifts. It will come up at the company's existing facility at Bidadi, near Bengaluru where it currently has two units with a combined installed production capacity of up to 3.42 lakh units annually.
21.11 / 16:07
Citi
band
show
performer
stage
country
concert
2024
The Rolling Stone announces 2024 American tour dates. Details here
The band on Monday announced dates for its tour in North America. The group, led by core members Mick Jagger, Keith Richards and Ron Wood, will begin their American tour in Houston, Texas, followed by performances in 12 other cities in the country before taking the stage in Vancouver city of Canada.
21.11 / 15:45
21.11 / 15:31
21.11 / 15:11
love
Pride
country
social
classical
2020
recommendations
Ramayana, Mahabharata should be included in social sciences curriculum: NCERT panel
Ramayana and the Mahabharata should be included in social sciences textbooks and the Preamble of the Constitution written on classroom walls, a high-level NCERT panel has recommended, according to its chairperson C I Issac. The seven-member committee, which was constituted last year, has made several recommendations for its final position paper on social sciences, which is a key prescriptive document for laying down the foundation for the development of new NCERT textbooks. The National Council for Educational Research and Training (NCERT) has not taken a call on the recommendations yet.
21.11 / 15:11
Provident
Dash
Digital
economy
country
innovations
travelers
India-Australia develop accelerator to help circular economy startups
circular economy design solutions and technologies specific to the needs of two countries to help them transition to a circular economy. The new accelerator program, called Rapid Innovation and Startup Expansion (RISE), will be delivered virtually and free of cost, with a number of opportunities to travel between Australia and India, NITI Aayog said in a statement on Tuesday.
21.11 / 14:03
country
Support
Crude below $80/barrel to support OMCs in near-term; ONGC, Oil India key beneficiaries of high prices
₹7.9per litre compared to the historical margin of ₹3.5/litre and gross auto-fuel integrated margin has risen to ₹16.8/litre compared to the historical margin of ₹11.3/litre. ‘’Optimism on OMCs will be contingent on crude sustaining below ~$80/bbl with OMCs’ FY24 P/B valuations (at ~0.9x for HPCL/IOCL and 1.1x for BPCL) being only 10 per cent discount to historical average after recent rally,'' said JM Financials.
21.11 / 13:57
Citi
Provident
Target
CEO
Platform
country
exclusive
PropShare targets over 3X growth in AUM
real estate investment platform, is expecting about threefold growth in assets under management (AUM) to reach Rs 4,000-5,000 crore over the next four-five years. The company is also looking to accelerate its product development process and diversify investment offerings by buying larger assets, said its CEO Kunal Moktan.
21.11 / 13:37
Strategy
MSCI
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performer
country
Latin
stars
Weaker greenback means EM currencies are rebounding
Nearing the end of a tumultuous year for assets in developing countries, emerging-market currencies are poised for the best performance since 2017 as a late rally pushes investors to lock in higher yields while they still can.
21.11 / 13:37
Citi
Career
Align
Citigroup
President
country
reorganization
services
Citigroup lifer leaves head of wealth services role amid reorganization
Citigroup Inc. said its head of wealth services is leaving as the lender conducts a global reorganization.
21.11 / 13:31
FIVE
country
reports
travelers
94,332 Indians visited Singapore in October
Indian tourists visited Singapore in October, up from 81,014 in the preceding month, according to a media report on Tuesday. India was rated as a third tourist-generating market for Singapore, overtaking Malaysia and Australia. «A total of 94,332 Indian tourists visited Singapore in October, up from 81,014 in the preceding month.
21.11 / 13:18
CEO
Mobile
Apple
show
country
voice
reports
Trai DND app to be compatible with all Android phones by March: Trai secretary
Telecom Regulatory Authority of India (Trai) is fixing bugs in its do not disturb app, which helps mobile subscribers report pesky calls and text messages immediately, a senior official of the regulatory body said on Tuesday. Speaking at an event organised by Truecaller, Trai Secretary V Raghunandan said the regulator is fixing bugs in the Do Not Disturb (DND) app to address technical issues faced by consumers. «We have roped in an agency, which is fixing bugs in the app.
21.11 / 13:17
Target
Remark
country
Telangana: Sitharaman calls Rahul Gandhi’s 'panauti' comment on Modi ‘despicable’
Nirmala Sitharaman on Tuesday termed as «despicable» Congress leader Rahul Gandhi's description of Prime Minister Narendra Modi as a panauti (bad omen) for India's loss in the world cup finals against Australia. «It’s such a despicable comment,” the FM told the media in Hyderabad when asked about Gandhi’s comments during the election campaign in Rajasthan that the Indian team almost won the game but lost due to 'bad omen' while addressing a campaign rally in Rajasthan. “He (Rahul Gandhi) is continuing the Congress tradition of calling all abusive names for the PM. Is that how sport is going to be encouraged? Is that the route through which Congress wants to encourage sports in the country?” Sitharaman said, disapproving of the Congress leader’s remark. The FM said the Target Olympic Podium Scheme (TOPS) of the Modi government has resulted in wonderful victories, whether it is at the Asian Games, Olympics or even the Paralympics.
21.11 / 13:17
FIVE
Art
Fighting
country
reports
SOLIDARITY
resolution
There has to be political resolution to the Manipur conflict: Lt Gen Rana Pratap Kalita
Kalita on Tuesday said that there have been traditional legacy issues between communities in Manipur, now both communities are completely polarised, more than 4000 looted weapons are still in the hands of people, so they are being used and sporadic incidents continue. There has to be a political resolution to this conflict. Kalita who was in Gauhati Press Club on Tuesday said, “Our aim initially in Manipur was to carry out rescue and relief operations for the people who have been displaced from their houses.
21.11 / 13:17
Digital
Manufacturing
economy
country
reports
gatherings
Mamata Banerjee announces slew of new policies, sub-sea cable landing station, industrial corridors
West Bengal Chief Minister Mamata Banerjee on Tuesday announced a slew of new policies including plans to double the state's exports, modernise its logistics and promote renewable energy manufacturing, while opening the Bengal Global Business Summit here. Banerjee also announced a policy to promote bio-fuels and a new sub-sea cable landing station at the sea-resort of Digha to help improve internet connectivity in the eastern region.
21.11 / 13:17
Target
economy
Nikkei
country
information
reports
Department
After Covid and Ukraine war, another supply-chain disruption taking shape?
global trade and economy refuse to abate. After Covid and the Ukraine war ravaged global supplies, creating energy and food crises in many parts of the world, another risk has started building up. The Israel-Hamas war, even though it hasn't spilled over to other countries, is threatening a wider disruption of trade and supplies.
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