Experts Financial News

The government reviews interest rates of small savings schemes quarterly. The Ministry of Finance said in a press release dated September 30, 2024, “The rates of interest on various Small Savings Schemes for the third quarter of FY 2024-25 starting from 1st October 2024 and ending on 31st December 2024 shall remain unchanged from those notified for the second quarter of FY 2024-25." Earn FD interest rates up to 8.25%: 3 banks that have revised FD rates in November 2024

IIT Kharagpur has partnered with z21 Ventures, an early-stage, operator-led venture capital firm founded by IIT Kharagpur alumni to launch a startup accelerator program tailored for final-year students. The total investment by z21 ventures in this partnership, which aims to foster innovation and entrepreneurship, will be Rs 2.5 crore, Rs 25 lakh initial investment per team, the institute said in a statement on Friday. Designed to harness the talent at KGP and transform ideas into market-ready ventures, the accelerator will offer participants access to mentorship, funding, and resources, empowering student entrepreneurs to create impactful products.

Supreme Court on Friday sought response from the Gujarat government on a plea filed by jailed self-styled godman Asaram seeking suspension of the life sentence imposed on him by a trial court in a 2013 rape case. A bench of Justices M M Sundresh and Aravind Kumar told the counsel appearing for Asaram that it would examine the issue only if there are medical grounds. «We will issue notice, but we will consider only on medical conditions,» the bench said while posting the matter for hearing on December 13. The Gujarat High Court on August 29 had rejected Asaram's plea for the suspension of life imprisonment in the case by a Gandhinagar court in 2023.

Supreme Court on Friday sought the response of the Gyanvapi Masjid Committee on an application filed by some Hindu worshippers seeking an Archaeological Survey of India (ASI) survey of the sealed area of the mosque, where a "Shivlinga" was claimed to have been found in Varanasi. A bench of Justices Surya Kant and Ujjal Bhuyan issued notice to the Committee of Management Anjuman Intezamia Masjid, which manages the mosque in the Gyanvapi complex and others on the application filed by some worshippers. The bench posted for hearing the matter on December 17. The bench said it will also hear same-day other petitions relating to the case, including an application to consolidate all suits and transfer them from the Varanasi district court to the Allahabad High Court.

Kitex Garments on Friday announced that it will issue bonus shares to its shareholders in the ratio of 2:1 in its board meeting held today. “It is to inform that the Board of Directors of the Company at its meeting held today, i.e., November 22, 2024, inter-alia, transacted the following items of business amongst other items: Issue of Bonus equity shares in the ratio of 2:1 i.e. 2 (Two) new fully paid equity shares of Rs 1/- each for every 1 (One) existing equity share of ͅRs 1/- each held as on Record date by the shareholder, subject to the approval of shareholders of the Company through Postal Ballot,” said the company in a filing to the exchanges.

BSE Odisha) has officially announced the results of the Odisha Teacher Eligibility Test (OTET) 2024 on November 22, 2024. Candidates who appeared for the exam can now access and download their marks through the official website, bseodisha.ac.in.

TDI Group, which has joint ventures with prominent real estate developers, has been served show cause notices by Haryana’s town planning authorities for violations of land use at the realty company’s township project in Panipat. Among the allegations levelled are that undetermined lands (UD Lands) in the township and green areas such as parks have been illegally sold in violation of town planning guidelines. “We have served show cause notices to them as the enforcement wing was intimated of these violations through complaints”, said Sunil Antil, district town planner, Panipat when contacted.

Elon Musk on Friday claimed that X, formerly the microblogging site Twitter, had become the number one news app on the App Store in India. Elon Musk shared the news via a post on X, saying, «X is now number 1 for news in India» https://x.com/elonmusk/status/1859814646280294886

Real estate brokerage firm Moneytree realty is expecting a 30% growth in sale value with residential and commercial real estate continues to do well. The company, which has set a target of Rs 500 crore in the first year of operation, is expected to close the year at Rs 750 crore and then touch Rs 1,000 crore in 2025. The company has tied up with leading developers in Delhi-NCR, Goa and Mumbai and banking on the boom in the residential segment to drive the growth.

Solar Energy Corporation of India (SECI), a relatively low-profile yet pivotal miniratna PSU, has emerged as a key player in India’s renewable energy sector over the past decade. From its modest beginnings in 2014-15 with an awarded generation capacity of 0.75 gigawatts (750 MW), SECI now oversees a massive 65.3 GW of awarded capacity, according to its official data. Out of this, more than 60%—over 40 GW—is solar energy, a sector where India has seen significant growth. The remaining capacity includes 16.3 GW of wind energy and about 9 GW of hybrid energy projects. The organisation has not only facilitated renewable energy growth through competitive bidding and long-term power agreements but also developed its own projects and partnered with state utilities. Also Read:SECI link to Adani bribe, fraud probe: What put India's solar power nodal agency in the dock?

Uniqlo plans to expand production and sourcing in India to meet global demand. The company currently sources 15.5% of its products for Indian stores locally. «For our India stores, we are sourcing about 15.5% of our requirements locally but the share is higher for exports and the strategy is to keep sourcing more,» said Kenji Inoue, Uniqlo India's COO and CFO, in an interview to ToI. Items like T-shirts and heattech clothing are already being sourced from India for Uniqlo's global stores. Inoue believes India's growing middle class and their demand for quality products makes it a key market for the brand.

Dr. Venkatesh Movva, an orthopedic doctor specialising in Sports Medicine, recently shared his expert advice on The Ranveer Show podcast. He revealed which exercises are best avoided to keep your body safe and injury-free. Some of his suggestions might surprise you.

Air India is set to launch a new Basic Maintenance Training Organization (BMTO) in Bengaluru. The new facility, which will offer a comprehensive 2+2-year Aircraft Maintenance Engineering (AME) program, is expected to be operational by mid-2026, the airline announced on Friday. The BMTO will be certified by the Directorate General of Civil Aviation (DGCA), India's aviation regulator. Air India has partnered with Bengaluru Airport City Limited (BACL), a subsidiary of Bangalore International Airport Limited (BIAL), to develop a purpose-built campus covering 86,000 square feet. This campus will feature modern classrooms, well-equipped laboratories, and qualified trainers.

Tube Investments of India Ltd. traded 0.71 per cent in Friday's session at 12:42PM (IST). The stock opened at Rs 3600.00 and has touched an intraday high and low of Rs 3600.00 and Rs 3498.15, respectively, during the session so far. The stock quoted a 52-week high of Rs 4807.05 and a 52-week low of 3177.55. About 1,513 shares changed hands on the counter so far.

The counter opened at Rs 792.70 and touched an intraday high and low of Rs 806.55 and Rs 790.90, respectively, in the session so far. The stock of Indian Railway Catering & Tourism Corporation Ltd. quoted a 52-week high of Rs 1148.30 and a 52-week low of Rs 690.40.

ICICI Lombard General Insurance Company Ltd. traded 2.09 per cent at Rs 1843.60 at 12:21PM (IST) on Friday, even as BSE benchmark Sensex 888.0 points to 78043.79. The scrip had settled at Rs 1805.75 in the previous session. The stock quoted a 52-week high price of Rs 2285.85 and 52-week low of Rs 1354.80, respectively. As per BSE data, total traded volume on the counter till 12:21PM (IST) stood at 1921 shares with a turnover of Rs 0.36 crore.

Zinka Logistics Solutions fell nearly 7% to Rs 260.1 on the BSE following their muted debut on the exchanges on Tuesday. The stock debuted at Rs 279.05 on the BSE, reflecting a premium of just Rs 6 or 2.2% over the IPO price of Rs 273. Meanwhile, from the issue price the stock has fallen 5%.

«Because if you look at it smallcap or midcap have not corrected in India significantly mainly because they do not own it. So, the selling has been completely in largecaps, both in 2021-22 and now,» says S Naren, ED & CIO, ICICI Prudential AMC. What is happening in the market? Why there are so many moving parts? S Naren: Actually, on the eve of Diwali, we had to give an interview where we told people that equity is not bank FD because the problem is there was a period of time from 2020 to 24 where people have thought that equity market is bank FD, at least after this correction no longer do people think that equity risk is equal to bank FD risk.

Gaza Strip. It was their only meal Wednesday — it was all they could afford. «My girls suck on their thumbs because of how hungry they are, and I pat their backs until they sleep,» she said. After being displaced five times, the Eids reside in central Gaza, where aid groups have relatively more access than in the north, which has been largely isolated and heavily destroyed since Israel began waging a renewed offensive against the militant group Hamas in early October. But nearly everyone in Gaza is going hungry these days. In the north experts say a full-blown famine may be underway.

Seema Devi and Suman Hooda of the Anti-Human Trafficking Unit (AHTU) in Outer North District in Delhi, located and rescued 104 missing children over the past nine months. Their efforts took them across remote areas in Haryana, Bihar, and Uttar Pradesh, where they faced numerous obstacles, including language barriers, unfamiliar locations, and the challenge of families not having recent photographs of the children. Despite these difficulties, they reunited these children with their families.

Countries at the United Nations climate summit have amped up the pressure on themselves by entering their final scheduled day of talks with no visible progress on their chief goals