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07.12 / 10:07
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UK Defence Minister to visit Israel, West Bank to push humanitarian aid in Gaza
Israel and the occupied West Bank this week to expedite humanitarian aid to Gaza, aiming to discuss direct aid delivery by sea during talks with Israeli and Palestinian leaders, CNN reported on Thursday. Shapps emphasised the search for the quickest and most direct routes, including options by land, sea, and air. Additionally, four Royal Air Force flights carrying over 74 metric tons of aid for Palestinians have landed in Egypt.
07.12 / 08:51
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Spy, womaniser, cad: the writer who created James Bond
Ian Fleming: The Complete Man. By Nicholas Shakespeare. Harvill Secker; 864 pages; £30. To be published in America by Harper in March; $35 It was a chance invitation to a dinner party that changed Ian Fleming’s life and legacy.
07.12 / 08:51
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LIC share price hits 52-week high. Can the stock cross over its issue price of ₹949 per share?
LIC share price: Life Insurance Corporation or LIC share price has been in uptrend after hitting life-time low of ₹530.05 on NSE on 31st March 2023. LIC shares bottomed out at the end of FY23 and witnessed huge buying interest among Dalal Street bulls. However, it seems that LIC shares still posses some steam in it.
07.12 / 08:51
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Congress' Revanth Reddy takes oath as second CM of Telangana, PM Modi congratulates
Telangana CM Oath Ceremony Live During the swearing-in ceremony of the 56-year-old CM Congress Parliamentary Party (CPP) chairperson Sonia Gandhi, former AICC president Rahul Gandhi, Karnataka Chief Minister Siddaramaiah, his deputy D K Shivakumar were also present. Revanth Reddy swearing-in today: 10 things to know about new Telangana CM Prime Minister Narendra Modi congratulated A Revanth Reddy on being sworn in as Telangana CM and assured all possible support to further the progress of the state. In a post on X, Modi said, "Congratulations to Shri Revanth Reddy Garu on taking oath as the Chief Minister of Telangana.
07.12 / 08:39
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Tata Motors partners HDFC Bank for commercial vehicle financing
Tata Motors on Thursday said it has partnered with HDFC Bank to provide digital financing solutions for its commercial vehicle customers. The two companies have signed a Memorandum of Understanding (MoU) to this effect, Tata Motors said in a statement.
07.12 / 07:33
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Paytm cuts small-ticket loan portfolio: What that means for stock - explained
₹50,000 and expand higher-ticket loans. In an exchange filing on Wednesday, December 6, One97 Communications Limited (OCL) which owns the brand Paytm, said it will further "expand its business to offer higher ticket personal and merchant loans, which would be targeted at lower-risk and high-credit worthy customers, in partnership with large banks and NBFCs (non-bank financial companies)." Besides, the company said it will cut down on smaller loans, keeping in mind the prevailing macro conditions and the Reserve Bank of India's rules on consumer lending.
07.12 / 05:53
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Stock market today: Why sugar stocks are nosediving — explained
Stock market today: Sugar stocks are under pressure since early morning deals on Thursday. During opening bell today in Indian stock market today, sugar major Balrampur Chini share price witnessed near 6 per cent declie, Dwarikesh Sugar share price went down 4.50 per cent, Sakthi Sugars shares dipped around 4 per cent, Mawana Sugar stock price dashed ariound 3 per cent while Ugar Sugar crashed to the tune of 6 per cent. Shares of Bajaj Hindusthan Sugar Ltd and Avadh Sugar & Energy Ltd crashed over 6 per cent during morning session on Thursday.
07.12 / 05:34
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Deciphering Rashmi Saluja’s success: The doc with a magic wand
Mint. Dressed in blue denims, she looked far younger than 50 years, her current age. As she posed smilingly for photographs, she held the stance of an athlete.
07.12 / 05:34
07.12 / 05:34
Manufacturing
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Divides over trade and Ukraine are in focus as EU and China's leaders meet in Beijing
The leaders of China and the European Union are holding wide-ranging talks that include their disputes over trade and a deep divide on the war in Ukraine
07.12 / 05:33
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BJP Parliamentary meeting begins amid suspense over CMs
Narendra Modi was given standing ovation at BJP Parliamentary Party meeting on Thursday. The PM was felicitated for party's victory in Assembly elections in Madhya Pradesh, Rajasthan and Chhattisgarh. Telangana CM Oath Ceremony Live Prime Minister Narendra Modi and Union ministers S Jaishankar, Amit Shah and Ashwani Vaishanaw were among other MPs who arrived on Thursday morning in Parliament to participate in a key Parliamentary party meeting of the Bharatiya Janata Party (BJP) today.
07.12 / 05:33
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Revanth Reddy swearing-in today: 10 things to know about new Telangana CM who will take charge today
Also Read | Telangana Assembly Election Results 2023: A Revanth Reddy to be CM? A look at his journey so far 3 - Later, he became a Telugu Desam Party (TDS) member. In 2009 and 2014, he served as a Member of the Legislative Assembly (MLA) in the Andhra Pradesh Assembly. In 2014 he was elected to the Telangana Assembly, representing the Kodangal Constituency.
07.12 / 05:33
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Mortal remains of Karni Sena chief Sukhdev Singh Gogamedi, shot dead in Jaipur, reach Rajput Sabha Bhawan for cremation
Rajasthan's Jaipur on Thursday morning for people to pay their last respects. Sukhdev Singh's last rites will be performed in his native village, Gogamedi, this evening. Sukhdev's supporters laid flowers and paid their tributes to the mortal remains of Sukhdev Singh Gogamedi.
07.12 / 05:33
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Hopes for a Mercosur-EU trade deal fade yet again as leaders meet in Brazil
The heads of state from South America’s Mercosur trade bloc are in Rio de Janeiro for a meeting that is expected to disappoint members hoping to finalize a deal with the European Union
07.12 / 05:33
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US Presidential debate: ‘Stop insulting her’: Chris Christie defends Nikki Haley, calls Vivek Ramaswamy ‘most obnoxious'
Nikki Haley taking the brunt of the attacks as she gets more interest from donors and voters. What drew the attention was a combustible mix of the famously aggressive former New Jersey governor Chris Christie and the young, slick-tongued tech billionaire Vivek Ramaswamy produced one of the fieriest, insult-laden exchanges of the night. It started after Ramaswamy criticized Haley's foreign policy credentials, Christie exploded, saying Ramaswamy was attacking her intelligence instead of her positions.
07.12 / 05:33
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White House delays menthol cigarette ban, alarming anti-smoking advocates
The White House is pushing back a plan to ban menthol cigarettes, an unexpected delay that quickly sparked criticism from anti-smoking groups
07.12 / 04:21
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Will D-Street bulls hold fort before RBI policy verdict? See what experts say, historical data show
Nifty50 clocking 4% gains in just four trading sessions of the month. This 4% rally follows over 5% gains registered by benchmark indices in November, backed by strong institutional inflows.
07.12 / 04:21
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2020
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Climate negotiators get down to business at COP28 Summit
COP28 is approaching the end of the first week and the kings, presidents and prime ministers have flown off. Now, hundreds of seasoned climate diplomats must get down to the tough job of negotiating a text that everyone can agree on. Adnan Amin, who as chief executive officer of COP28 is one of Sultan Al-Jaber’s most senior lieutenants, said in an interview there are several areas that are likely to test negotiators over the rest of the summit. The tussle over whether the final agreement should commit to a “phase down” or “phase out” fossil fuels is prominent as always and different formulations are currently being shopped.
07.12 / 04:21
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Paytm shares tank 20% after company looks to curtail low-value personal loans
Paytm, tanked 20% to the day's low of Rs 650.45 on the NSE in Thursday’s trade after the company informed exchanges that it will issue fewer sub-Rs 50,000 (about $600) personal loans weeks after the central bank tightened rules on consumer lending after a surge in demand. The fintech lender said it will expand its portfolio of higher-ticket personal and commercial loans to lower-risk and high-credit-worthy customers, expecting «good demand» for loans of more than Rs 50,000. This comes after the Reserve Bank of India (RBI) recently raised the amount of capital that banks and non-bank lenders need to set aside to cover potential defaults when giving out personal loans. The RBI tightened its rules, after a surge in such small-ticket loans, particularly of those less than 50,000 rupees, and an increase in delinquencies. Paytm is getting «ultra-conservative» in this segment, a Reuters report said, quoting Bhavesh Gupta, the company's president and chief operating officer, on a call with analysts. «On the back of recent macro development and regulatory guidance, in consultation with our lending partners, we have decided to reduce less than Rs 50,000 loan distribution,» Gupta said. This, he estimated, will lead to a near 40%-50% drop in the volume of loans Paytm issues through its post-paid product, but will have a minimal impact on revenue growth. Paytm's postpaid loans accounted for about 56% of total loans in the July-September quarter, per company data. The sub-50,000-rupee loans, in particular, account for about 38% of Paytm's total loans, estimated Rahul Jain, financial analyst at Dolat Capital. «We expect a negative impact of about 15% quarter-on-quarter on the (total) value of loans distributed by Paytm… but
07.12 / 03:53
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Russia's Vladimir Putin and Saudi Crown Prince Mohammed bin Salman discuss further OPEC+ cooperation in whirlwind visit
Vladimir Putin and Saudi Crown Prince Mohammed bin Salman discussed further cooperation on oil prices on Wednesday, December 6, as members of OPEC+, a Kremlin spokesperson was quoted as saying. A Saudi account of the meeting said the crown prince praised joint coordination between the two countries "that helped remove tensions in the Middle East".
07.12 / 03:53
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PM Modi to address 2nd edition of Infinity Forum 2.0 on December 9
Narendra Modi is scheduled to address the second edition of the prominent Financial Technology event, Infinity Forum 2.0, on December 9, 2023, according to an official release. As per the statement, the event is hosted by the International Financial Services Centres Authority (IFSCA) and GIFT City, under the aegis of the Government of India.
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