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However, brands said they may have to forsake some of their margin if the cost of borrowing goes up for such consumer loans — especially for no-cost EMIs whose interest cost they either bear alone or with retailers — after the Reserve Bank of India increased the risk weight on consumer credit including credit card receivables and bank loans to NBFCs by a fourth. The central bank's latest move may force banks and non-banks to set aside more capital, which can potentially increase the lending rates. «Indian consumers are not going to buy consumer goods on EMIs unless those are no-cost,» Haier India president Satish NS said. «So, any increase in borrowing cost will have to be borne by the brands or they may pass it by marginally increasing product prices.» Cars costing upwards of ₹10 lakh accounted for 41% in total sales in 2022.

India's top five flexible workspace providers are expected to post 30-60% growth in revenues this financial year, thanks to a surge in demand with companies calling employees back to the office. WeWork India, Smartworks, Awfis, Table Space and IndiQube — which contribute more than half of the domestic flexible workspace industry — are also looking to add 12 million sq ft in the next financial year even as SoftBank Group-backed startup WeWork filed for US bankruptcy protection earlier this month.

MUMBAI : Information technology (IT) stocks seem to be garnering renewed interest with the Nifty IT index rising 6% so far in November. The better-than-expected October US CPI inflation data has raised hopes that the US Federal Reserve’s rate hiking cycle is nearing its end. If this hope materialises then it should come as a boost especially to the banking, financial services, and insurance (BFSI) sector—a key revenue generator for Indian IT companies.

Aramco has discovered two new natural gas fields in the Empty Quarter region, the state news agency quoted Saudi energy minister Prince Abdulaziz bin Salman as saying on Sunday. The discovery of the Al-Hiran gas field was confirmed after gas flowed at a rate of 30 million standard cubic feet per day, and 1,600 barrels of condensate daily. The Al-Mahakik gas field was confirmed after gas flowed from it at a rate of 0.85 million standard cubic feet, the agency said. «Natural gas was also discovered in five reservoirs in previously discovered fields,» the agency added, citing the minister. Other discoveries were also announced in fields in the Eastern Province, according to the agency. Aramco, overwhelmingly an oil producer, aims to boost its gas production by 50% by 2030 from 2021 levels. It said in late September that it agreed to acquire a strategic minority stake in liquefied natural gas (LNG) company MidOcean Energy for $500 million, with an option to increase the stake — part of its push into natural gas. Last month, Aramco Chief Executive Amin Nasser said Aramco was looking at more investments in LNG to boost its plans to become a leading player in the seaborne gas market.

NEW DELHI — India's initial public offering (IPO) landscape is bustling with activity as five companies, including Tata Technologies and the Indian Renewable Energy Development Agency (IREDA), are set to collectively raise over Rs 7,300 crore. This move comes amid a spike in IPOs, with recent offerings from other companies such as ASK Automotive and Honasa Consumer, which features the Mamaearth brand.

Silkyara Tunnel in Uttarkashi safely as it undertakes a five-option action plan to rescue 41 workers trapped since November 12, ministry of road transport and highways secretary Anurag Jain said on Sunday. Over 40 workers got trapped after a portion of the tunnel under construction between Silkyara and Dandalgaon on the Brahmakhal-Yamunotri national highway collapsed eight days back. “Considering the lives involved, it was decided to move on all possible fronts together so that the workers can be rescued as early as possible,” Jain said, adding five options have been decided and five different agencies were detailed to carry out these options. “The government is keeping constant communication and making all efforts to keep up the morale of the labourers trapped inside the tunnel,” he said.

DK Shivakumar on Sunday said BJP's veteran leader BS Yediyurappa had advised him to implement just two election guarantees this year in a revelation that may embarrass the Opposition party. Shivakumar, who is also the president of the Karnataka Pradesh Congress Committee (KPCC), said the BJP leader told him it was enough to implement just two guarantees in the first year when he met him ahead of the swearing-in of the Congress regime in May. He said okay to Yediyurappa with a smile before leaving his house, Shivakumar said speaking at the Indira Gandhi birth anniversary celebrations at the KPCC office. «But we decided to implement all the five guarantees in the first Cabinet meeting itself. The government would implement the fifth guarantee of Yuvanidhi in December,” he added.

Virat Kohli to post 240 all out in exactly 50 overs against Australia in the final of the World Cup at the Narendra Modi Stadium on Sunday. Pat Cummins's decision to field, primarily to avoid operating with a dewy ball in the night, bemused many but Australian bowlers, aided by some superb fielding, stifled their opposition. India captain Rohit Sharma had been playing tone-setting knocks in their batting template in the tournament and it was no different in the final despite the early loss of Shubman Gill. Gill nearly edged the first ball he faced to the slip fielder but the opener did not linger much, pulling Mitchell Starc (3-55) to Adam Zampa at mid-on after making four. Rohit smashed three sixes in his entertaining 47 but fell just before the end of powerplay. The opener stepped out against Glenn Maxwell but miscued his shot on the offside.

Shiv Sena (UBT) leader Sanjay Raut on Sunday said the Election Commission of India had become a caged parrot and a sham and accused it of «turning a blind eye» to the actions of the Bharatiya Janata Party. In his weekly column 'Rokthok' in Shiv Sena (UBT) mouthpiece 'Saamana', Rautaccused the BJP of resorting to religious propaganda to «bribe» voters after losing ground in five states where Assembly polls are being held (in November).

Indira Gandhi's regime was plagued by starvation deaths, naxal movements and encounters. Addressing rallies in the state, Rao, also known as KCR, said the Congress leaders should feel ashamed to seek votes as they were not able to provide drinking water during their rule even when the Krishna river was flowing nearby at Kollapur.

Adani group. An application has been filed by PIL petitioner Vishal Tiwari saying that despite the deadline given to the SEBI it has failed to comply with the direction of the court and has not submitted the final conclusion/report as was directed by the court.

Rail Vikas Nigam Limited (RVNL) have been assigned one option each for the rescue. The Border Roads Organisation (BRO) and the construction wing of the Indian Army have also been assisting in the rescue operation, he said.

Narendra Modi on Sunday attacked BJP's sole competitor Congress in poll-bound Rajasthan, alleging that the fuel prices under the Ashok Gehlot government in the state are above par in comparison to other BJP-run states. «The Congress government is not leaving any opportunity to loot you. Petrol is cheaper by Rs 12-13 in Haryana, Gujarat and Uttar Pradesh,» PM Modi said addressing a rally in Jhunjhunu. Modi said as soon as the BJP government comes back to power in Rajasthan, there will be a review of petrol prices and any possible corruption on fuel prices will also be investigated. «After review, new decisions will be taken in the public interest,» PM Modi said.

Tripura Assembly is contemplating to enact a rule to disallow raising any question on a particular subject, which is «three-year or more old» by any member of the House, Speaker Biswa Bandhu Sen said. To push the plan, the Rules Committee of the Assembly headed by the Speaker held a meeting on Friday and discussed the issue at length. «We run the Assembly guided by Rules and Procedures.

(Reuters) -Russia launched several waves of drone attacks on Kyiv early on Sunday for the second night in row, stepping up its assaults on the Ukrainian capital after several weeks of pause, the city's military administration said.

Efforts were underway on Sunday to build an access road at the top of the hill above Silkyara tunnel for initiating vertical drilling to reach 41 workers trapped for seven days, with authorities hopeful that a platform to drill the hole might be ready by this afternoon.

Israel and Hamas that would potentially free dozens of women and children held hostage in Gaza in exchange for a five-day pause in fighting. “We have not reached a deal yet, but we continue to work hard to get to a deal," the White House National Security Council spokesperson said.

ISRO) is focusing on their next project, Chandrayaan-4. This mission aims to bring back soil samples from the Moon. This will mark India as a frontrunner in space exploration.

Alexa and the company’s Fire TV streaming franchise, said the company was “shifting some of our efforts to better align with our business priorities," including focusing on building capabilities powered by generative artificial intelligence. “These shifts are leading us to discontinue some initiatives, which is resulting in several hundred roles being eliminated ChatGPT-maker Open AI said Friday it has pushed out its co-founder and CEO Sam Altman after a review found he was “not consistently candid in his communications" with the board of directors.

Australia prepares to lock horns against India in the final of ICC Cricket World Cup final at Narendra Modi Stadium on Sunday, a key aspect to be discussed is the performance of Australian middle order in the tournament. While Australia had a dramatic change of fortune following two big losses to India, the same cannot really be said for its middle-order lineup featuring Steve Smith, Marnus Labuschagne, who are the team's anchors and Josh Inglis and Glenn Maxwell, the lower middle-order batters who are supposed to attack. The Australian middle order has been highly inconsistent in this tournament.

India locks horns against Australia in the final of the ICC Cricket World Cup, all eyes will be on star India batter Virat Kohli, who loves to play against the five-time world champions no matter what format and over the years has been Men in Blue's go-to man for big stages. India and Australia will lock horns in the final of the ICC Cricket World Cup at Ahmedabad's Narendra Modi Stadium on Sunday. India will be looking to lift the trophy for the third time while the Aussies will be looking forward to making it their sixth title win. CLICK HERE TO CATCH LIVE MATCH UPDATES Virat has a fantastic record against Australia in ODIs.