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26.02 / 08:57
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India clinch 17th Test series in a row at home; defeat England by 5 wickets in 4th Test
India to a fine five wicket victory over England in the fourth Test at Ranchi. With this, India clinched the series 3-1, their seventeenth straight Test series win at home and also put a hold on the 'Bazball' storm. India raced to 84 for no loss before the English spinners rose to destroy the Rohit Sharma-led top order at 120-5.
26.02 / 07:19
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What To Expect from The Bitcoin Halving in April 2024
Cryptovsummit, an event organized by DoubleMorgan and led by its founder Mena Botros, has become a cornerstone in the crypto industry, particularly in the Dubai region. With a successful track record of five years, this annual event has consistently drawn investors, fostering crucial long-term business relationships. The upcoming edition on April 17th, 2024, in Dubai, U.A.E promises to be especially significant as it coincides with the Bitcoin halving, creating an atmosphere of anticipation for groundbreaking developments in the crypto space.
26.02 / 07:10
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What is Blue Aadhaar Card? A guide to registration and biometric data requirements for children
Aadhaar stands as a pivotal Know Your Customer (KYC) document in India, essential for accessing government subsidies and various welfare schemes. It serves as a crucial identity proof across sectors, containing key details like full name, permanent address, and date of birth, all linked to a unique 12-digit number issued by the Unique Identification Authority of India (UIDAI).
26.02 / 07:09
Citi
FIVE
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Top 5 tourist and religious places seeing an upsurge in co-working space demand
In India, the landscape of remote work is undergoing a transformative shift, with co-working spaces moving away from traditional urban centers to smaller, more unexplored locations. Here we explore five such Indian destinations that are not only witnessing a surge in co-working space demand but also experiencing a notable increase in tourism, permanent residency, and job opportunities in recent years.
26.02 / 06:51
Provident
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Mint Explainer: What the latest survey of household consumption spending reveals
₹3,773 a month on average as consumption expenditure in 2022-23 while her urban counterpart spent ₹6,459, the Ministry of Statistics and Programme Implementation’s (MOSPI’s) National Sample Survey Office (NSSO) estimated after a nationwide study of households’ spending patterns. Of this, consumers in rural India spent about 46% on food and those in urban areas about 39%. Other expenses include health, education, rent, clothing and conveyance.
26.02 / 06:17
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US diesel exports to Europe dip on plummeting refining output
By Shariq Khan and Laura Sanicola
26.02 / 06:17
26.02 / 05:47
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Multibagger stock: Transformers and Rectifiers share price jumps 5% on bagging ₹232 crores order from Power Grid
₹232 crores from Power Grid Corporation of India Ltd on Saturday. Transformers and Rectifiers share price today opened at an intraday low of ₹345 and touched an intraday high of ₹358.65 apiece.
26.02 / 03:27
26.02 / 01:05
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Dividend stocks: Natco Pharma, Fineotex Chemical, Suprajit Engineering among 5 stocks to trade ex-dividend today
Dividend stocks: Shares of Natco Pharma Ltd, Fineotex Chemical Ltd, Gateway Distriparks Ltd, Suprajit Engineering Ltd, and Vibrant Global Capital Ltd will be in focus when the stock market opens on February 26 (Monday). The Board of Directors of these companies have declared interim dividends for their eligible shareholders.
26.02 / 01:05
UPS
Provident
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A plan to trim NHAI's debt mountain is cooking
₹3.4 trillion debt, two people aware of the plan said. The Centre may soon begin talks with NHAI’s long-term bond holders for the prepayment, the people cited above said on condition of anonymity. The move would allow NHAI to deploy more capital for strengthening the highway network, and bring down interest payments, which are taking up a big chunk of the government’s annual budget allocations.
26.02 / 01:05
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Goldman strikes $1 billion private credit deal with Mubadala
Abu Dhabi sovereign wealth fund and Goldman’s asset-management arm struck a partnership to invest alongside each other in the Asia-Pacific region, with a particular focus on India. The pact follows a similar mandate the New York-based firm received from the Ontario Municipal Employees Retirement System in September.
25.02 / 20:23
Provident
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Household consumption won't hit inflation much
Household Consumption Expenditure Survey (HCES) will likely have limited impact on consumer price index and inflation calculations, as the food component still accounts for a significant proportion of consumer spending in the country, experts said. The impact on urban inflation will likely be even lower than rural, as the decline in food spending is smaller for urban areas compared with villages. «The new HCES does not indicate big shifts in the consumer price index basket, as the ratio of food items remains high in total spending,» said Rahul Bajoria, managing director and head of EM Asia (ex-China) economics at Barclays. The HCES, which provides information and data on spending, is a key source of input for deciding of weights and shares for the composition of the inflation basket. The results, released on Saturday, were eagerly awaited in view of the update needed to the CPI basket, tilted heavily towards food. The latest survey will lead to an update of the base year for the calculation of consumer prices. It is 2012 for the current series based on the HCES of 2011-12. The National Statistical Office conducts the household consumer expenditure survey every five years. The last survey of 2017-18 was junked citing data inconsistencies. Experts say categories within food could bring about larger shifts in inflation dynamics. «Within food also there could be bigger shifts,» Bajoria said.
25.02 / 20:23
COST
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RIL plans to spend Rs 5,000 crore on Compressed Biogas Plants (CBG)
Reliance Industries Ltd (RIL) is planning to set up more than 50 compressed biogas (CBG) plants in the next two years at a cost of over ₹5,000 crore, according to two oil and gas industry executives aware of the development. At RIL's annual general meeting last August, chairman Mukesh Ambani had announced plans to set up 100 CBG plants in five years. CBG is a green fuel produced from waste or biomass sources. It has properties similar to compressed natural gas (CNG) and can be used for automotive, industrial and commercial uses. «RIL has tendered out over 50 compressed biogas plants to be set up in the next two years. It will shortly be floating a tender for the remaining plants,» said one of the executives. «The tenders have been given out for technology as well as engineering, procurement and construction.»
25.02 / 19:57
markets
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economy
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We can’t hope to attain Keynes’ equitable society without policy intervention
In 1930, John Maynard Keynes published his short essay ‘Economic Possibilities for Our Grandchildren,’ in which he outlined his vision of a future global economy characterized by leisure and abundance. As the rapid advance of artificial intelligence (AI) now threatens to displace millions of workers, it is worth revisiting this brilliant, passionate work. Keynes originally wrote his essay in 1928 for a lecture at a boys’ school in Hampshire, England, and spent two years revising it before its publication.
25.02 / 19:55
UPS
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Booking
President
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Headlines
Good sex is secret to Joe Biden's long marriage, new book on first lady says
WASHINGTON (Reuters) — President Joe Biden has joked to aides that the key to a long and lasting marriage is «good sex,» according to a new book about first lady Jill Biden that casts a spotlight on their 47-year romance.
25.02 / 19:13
FIVE
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PM Modi continues attack on Congress, this time from Gujarat stage
Congress, charging the Opposition party with various allegations of corruption. Inaugurating several infrastructure projects in Dwarka, including India's longest cable bridge that connects Dwarka with Best Dwarka, Modi alleged that the entire strength of the Congress continued to be focused on advancing one family. «If only one family had to do everything, how could the thought of building a nation arise,» he asked. «Finding a way to contain scandals and manage the administration for five years consumed all of their strength. That is why India could only rank as the eleventh largest economy in the ten years prior to 2014,» Modi said
25.02 / 19:13
markets
UPS
FIVE
Experts
cricket
Sporting
'WPL could earn up to ₹125 cr in sponsorships'
Women's Premier League (WPL) is expected to generate up to ₹125 crore in sponsorship revenues for the Board of Control for Cricket in India's (BCCI) and the five teams, sports marketing experts told ET. The BCCI could generate upwards of ₹50 crore from central sponsorships, including Tata Sons, Sintex, Ceat, Dream11, and Amul, while the five WPL franchises are anticipated to earn ₹50-₹65 crore from team sponsorships, they said. Experts suggest that team sponsorship revenue could potentially be higher since some teams are doing better than others. «The WPL sponsorship revenue between BCCI and WPL franchises is likely to be over ₹100 crore and might even touch ₹125 crore,» a senior official at a leading sports marketing firm said on condition of anonymity.
25.02 / 17:25
FIVE
CEO
Gap
Food
poverty
show
country
Latest NSSO consumer survey indicates poverty down to 5 per cent: NITI Aayog CEO
consumer expenditure survey indicates that poverty has come down to five per cent in the country and people are becoming prosperous both in rural and urban areas, NITI Aayog CEO B V R Subrahmanyam said on Sunday. The National Sample Survey Office (NSSO), under the Ministry of Statistics and Programme Implementation, released data on household consumption expenditure for the year 2022-23 on Saturday which shows per capita monthly household expenditure more than doubled in 2022-23 as compared to 2011-12. «This long-awaited consumer expenditure survey has brought out many things. With data on household consumption, we can assess what is the status of poverty in the country and how successful the poverty alleviation measures have been,» Subrahmanyam told reporters. «The survey findings indicate that poverty in India is below five per cent now. I am convinced with the data,» he said.
25.02 / 13:49
markets
FIVE
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CEO
Mobile
social
innovations
Just 50 days after signing MoU, TN CM lays foundation stone for VinFast's EV plant in south TN
Tamil Nadu Chief Minister M K Stalin on Sunday laid the foundation stone for the electric vehicle car and battery manufacturing facility of VinFast Auto Ltd, which has earmarked investments of Rs 16,000 crore for the state, just 50 days after signing an MoU with the Vietnam-based EV maker. The memorandum of understanding with the Government of Tamil Nadu for the plant was signed during the Global Investors Meet held by the DMK government in January. The quick turnaround time from signing to the MoU to laying the foundation stone — 50 days — is an example of Tamil Nadu's industry-friendly climate and showcases the government's commitment to quick clearance of approvals. «In just 50 days since the MoU (was signed) Thoothukudi welcomes VinFast's first EV plant — a monumental stride for the Dravidian Model Economy,» Stalin said. «With Rs 16,000 crore investments and 10,000 plus jobs on the horizon, we are charging ahead into a future where opportunity and innovation meet,» he said in a release.
25.02 / 10:57
FIVE
BLOCK
Sustainability
Research
wellness
students
Schools
Zerodha funds Prayoga Institute's new research block focused on sustainability
Prayoga Institute of Education Research, has added five advanced labs to help students pursue research around the theme of sustainability. Online brokerage firm Zerodha has funded the new research block, named after eminent space scientist Prof UR Rao, which includes labs for life sciences, physical sciences, chemical sciences, earth sciences and sophisticated instrumentation for multidisciplinary scientific research.
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