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Bvlgari, the Italian maker of luxury jewellery, watches, fragrances, accessories, and leather goods, is looking at India to make up for falling demand in China. Bulgari is expanding its footprint in India to take advantage of strong growth and favorable demographics, Bulgari chief executive officer Jean Christophe Babin said in an interview with Bloomberg TV. In October, Bulgari announced the launch of its first digital boutique in India in partnership with Tata CLiQ Luxury.

According to an RBI notification as of December 2, 2024, “The reasons were attributed to either inactivity for a long time or pending/periodic updation of KYC in such accounts. Reportedly, there were instances of customers facing inconvenience when they approached the bank branches for activation of inoperative accounts, including inadvertent errors in customer details such as mismatch in name, etc. It was also observed that a few banks have a large pendency of accounts that are due for update/periodic updation of KYC, resulting in such accounts getting frozen for further transactions as per the bank's internal policies.” The RBI has advised banks to take necessary steps urgently to reduce the number of inoperative/frozen accounts and make the process of activation of such accounts smoother and hassle-free, including by enabling seamless updation of KYC through mobile/internet banking, non-home branches, video customer identification process, etc.

Zomato, Flipkart, Ola, Meesho, Gameskraft, HiLabs, Roombr, Myntra, PhonePe, Quicksell, Indus Insights, Groww, WinZo, Cars24, Battery Smart and NoBroker are among these companies visiting campuses such as the National Institutes of Technology, Birla Institute of Technology & Science Pilani, Indian Institutes of Information Technology (IIITs) and Indian Institutes of Technology. The domains they are recruiting for include software development, data science, product analytics, artificial intelligence and machine learning. Campuses said not only has there been a spurt in the number of such companies visiting — in a few cases, more than double compared with last year — but several of them are also hiring in larger numbers.

Sri Lankan port’s expansion led by the Adani Group is progressing as scheduled, a top local official said, even as the fate of $553 million in American funding for the project remains uncertain following the indictment of the Indian conglomerate’s executives in the US. Construction at the Colombo West International Terminal remains ongoing, with phase one of the project still set for completion in early 2025, said Sirimevan Ranasinghe, chairman of the Sri Lanka Ports Authority, a minority shareholder in the project. “We are continuing as per our agreement,” Ranasinghe told Bloomberg News. He said the US financing had not been finalized and declined to comment further on its status, adding that it was up to the joint-venture company developing the project to secure financing.

ballot papers relented on Tuesday and gave up their plan after police intervention, the NCP (SP) winning candidate from the seat said. A senior police official said they had cautioned the villagers that legal action would be initiated if they went ahead with their «polling» plan. Earlier, residents of Markadwadi village under Malshiras segment in Solapur district had put up banners claiming a «repoll» will be held on December 3. The village comes under the Malshiras assembly constituency, where NCP (SP) candidate Uttam Jankar defeated BJP's Ram Satpute by 13,147 votes in the November 20 state polls, the results of which were declared on November 23.

Bharat Forge Ltd. traded at Rs 1341.00 on BSE at 12:22PM (IST) on Tuesday, 0.17 per cent from previous close. The stock quoted a 52-week low price of Rs 1063.40 and a high of Rs 1826.20.

initial public offer (IPO) of Suraksha Diagnostic received muted response for the first two days with just 37% subscription. The issue will close for bidding today. One of the main reasons for this subdued show is due to the IPO structure, which is completely an offer-for-sale (OFS) of 1.92 crore shares. This means that the company will not receive any proceeds from the offering and the entire funds will go to the selling shareholders.

volatility. As of 11:42 am, Bitcoin was down 0.1% at $96,158, after hitting a daily low of $94,482 and a high of $97,430. Last week, the cryptocurrency experienced significant volatility, dipping to an intraday low of $90,770 on Wednesday.

HDFC Asset Management Company Ltd. traded 0.21 per cent at Rs 4259.25 at 12:12PM (IST) on Tuesday, even as BSE benchmark Sensex 471.19 points to 80719.27. The stock had closed at Rs 4250.20 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 4862.00 and Rs 2852.85, respectively.

Imphal East district, police said on Tuesday. They were arrested from Kshetrigao Sabal Leikai when they were loitering in the area to «commit prejudicial activities» like extorting money from the people, police said in a statement. «They were later found to be members of Arambai Tenggol,» it said. Those arrested were identified as Ningombam Lemba Singh (25), Mangshatabam Poireinganba Meitei (21) and Laishram Bidyas Singh (21). A minor was also held along with them, police said.

HCL Technologies Ltd.(up 1.01 per cent), L&T Technology Services Ltd.(up 0.75 per cent), LTIMindtree Ltd.(up 0.55 per cent), Tata Consultancy Services Ltd.(up 0.43 per cent) and Infosys Ltd.(up 0.41 per cent) were among the top gainers.

Max Healthcare Institute Ltd. traded 2.38 per cent in Tuesday's session at 10:25AM (IST). The stock opened at Rs 1025.00 and has touched an intraday high and low of Rs 1046.05 and Rs 1023.10, respectively, during the session so far. The stock quoted a 52-week high of Rs 1117.05 and a 52-week low of 630.75. About 19,671 shares changed hands on the counter so far.

The Nifty Realty Index is up 8% in FY25 YTD, outperforming the broader market indices by 4%. “This momentum is likely to sustain, due to mega ongoing and upcoming project launches (>INR 1.2 tn) across key markets and segments by industry leaders that are positioned to garner stellar demand, as per our checks,” Elara Capital said in a report.

Varun Beverages, one of the largest bottling partners of food and beverage giant PepsiCo, dropped as much as 5.2% on Tuesday to Rs 600 on the BSE after the Group of Ministers (GoM) on GST rate rationalization decided to hike taxes on sin goods like aerated beverages, cigarettes, tobacco, and related products to 35% from the current 28%. The GoM has proposed that the 35% special GST rate on aerated drinks, along with tobacco and tobacco products, will be added on top of the existing four-tier tax structure, with slabs at 5%, 12%, 18%, and 28%.

EID Parry(India)Ltd.(up 3.78%), KCP Sugar & Industries Corporation Ltd.(up 3.17%), Dwarikesh Sugar Industries Ltd.(up 2.26%), Ugar Sugar Works Ltd.(up 2.06%), Bajaj Hindusthan Sugar Ltd.(up 1.85%), Triveni Engineering & Industries Ltd.(up 1.61%), Ponni Sugars(Erode)Ltd.(up 1.53%), Rajshree Sugars & Chemicals Ltd.(up 1.50%), Mawana Sugars Ltd.(up 1.45%) and Uttam Sugar Mills Ltd.(up 1.41%) were among the top gainers.

GST rate of 18% on life and health insurance policies. After union minister Nitin Gadkari raised this issue, the people started hoping for the rate cut to become a reality as it was taken for consideration by the GST council. However, despite several meetings in the past the GST council is yet to take a final call on this issue. The issue is likely to be taken up again in the next GST council meeting on December 21. However, the question remains how likely a reduction is and whether it will really benefit the policyholders. Government gets a significant revenue from GST on insurance policies. The government has answered in Lok Sabha that more than Rs 16,000 crores was collected by levying Goods and Services Tax (GST) on health and life insurance policies issued through FY 2023-24. It will not be an easy decision to forego such a big source of revenue. Considering this new information and also the public demand for lower GST rates on health and life insurance, a significant rate cut appears a challenging task for government. Moreover, insurance companies are facing a challenge if such a reduction will actually help them in lowering their costs. They want assurances from the government that if the GST rate is lowered, the companies would still be able to claim input tax credit on the insurance policies sold. If the government does not assure this then it will add a cost component for them which is going to increase insurance premiums instead of decreasing.

Cupid Breweries & Distilleries Ltd.(up 57.48%), Banaras Beads(up 16.91%) and Remi Edelstahl(up 15.87%) were among the stocks that surged over 15%.

Canara Bank(up 3.06 per cent), Bank of Baroda(up 2.93 per cent), Punjab National Bank(up 2.18 per cent), IndusInd Bank Ltd.(up 1.97 per cent) and State Bank of India(up 1.83 per cent) were among the top gainers.

Most analysts believe that the current slowdown in earnings, which was also reflected in Q2 GDP growth hitting a seven-quarter-low of 5.4%, is likely to be limited only to the first two quarters.

Solar Industries India jumped as much as 9.5% on Tuesday to Rs 11,549 on BSE after the company, along with its subsidiary, secured export orders worth Rs 2,039 crore for supplying advanced defence products to international clients. The deliveries will be executed over the next four years, the company announced in an exchange filing. «We are pleased to share that our company, Solar Industries India Limited and its subsidiary have received export orders worth Rs 2039 Crores for Supply of Defence Products, to be delivered over a period of 4 years,» Solar Industries India said in an exchange filing.