RAI Financial News

12.12 / 14:49
security Strategy Software community War RAI information Manipur: Bringing a solution to ethnic strife would take time; situation chronic and fragile, says CM N. Biren Singh
N. Biren Singh on Thursday said that bringing a solution to the ongoing ethnic strife in the state would take time as the situation has become chronic and fragile. Speaking at a function organised to commemorate the iconic Nupee Lal Numit (women’s war day), the Chief Minister terming the ongoing ethnic hostilities as “unprecedented” said that the state and Central governments had been putting all efforts to bring a permanent solution to the crisis. “However, bringing a solution would take time as the situation had become chronic and fragile,” he observed.
10.12 / 12:17
markets MET Software RAI Courts I have never met Adani, says TN CM raising pitch for JPC probe
Tamil Nadu Chief Minister M K Stalin on Tuesday said he never met industrialist Gautam Adani and sought to know if the BJP and its ally, the PMK, were prepared for a joint parliamentary committee (JPC) probe on the Adani issue. Responding to a question raised by PMK leader G K Mani in the Assembly, Stalin said he had no connection whatsoever with the industrialist whom the PMK and the BJP were spreading a 'misinformation' campaign that he had links. «Electricity Minister Senthil Balaji has already explained in a detailed manner. I and Adani have no ties at all. Are you prepared for a JPC probe on the issue,» Stalin asked, pointing at Mani. The Congress and some other opposition parties have been demanding a JPC probe following the indictment of Adani and other company officials in a US court over bribery allegations.
09.12 / 14:41
markets Digital Software Research RAI information Department Assam CM Himanta Biswa Sarma reshuffles cabinet portfolios after induction of four new ministers
Himanta Biswa Sarma on Monday reshuffled portfolios of ministers following the induction of four new faces to the state cabinet. The four newly inducted ministers, who took oath on December 7, were assigned their portfolios on Monday. Rupesh Goala, MLA from Doomdooma, has been assigned the portfolios of the Labour Welfare Department, Tea Tribes and Adivasi Welfare Department, and the Home Department, with a specific focus on Prisons, Home Guards, and Civil Defence. Krishnendu Paul, MLA from Patharkandi, was given the portfolios of the Animal Husbandry and Veterinary Department, the Fishery Department, and the Public Works Roads Department.
08.12 / 12:59
UPS CEO RAI show reports Winter wear sales pick up after warm November slows start
Subscribe to enjoy similar stories. New Delhi: A surprisingly warm November led to a slow start to winter apparel sales, but a steady dip in temperature recently has boosted demand, bringing relief to retailers. Unpredictable weather patterns continue to pose challenges for inventory management, as retailers in North India now face shorter, but more intense winter seasons.
07.12 / 14:29
markets Software Sustainability RAI stage Schools Assam: Stage set for 2026 assembly polls; Himanta inducts four new faces in council of ministers
On Saturday four ministers were inducted in the council of ministers and with these the strength of council of ministers has gone to 18. T Assam Governor Laxman Prasad Acharya administered the oath of office to the four new ministers – Prasanta Phukan, Kaushik Rai, Krishnendu Paul, and Rupesh Goala.
07.12 / 12:31
markets Citi Fighting security Strategy RAI Source close to Hezbollah says group sent 2,000 fighters to Syria
«Hezbollah sent 2,000 fighters to the Qusayr area… to defend its positions there and has not yet participated in any battles» with Syrian rebels, the source told AFP, requesting anonymity to discuss sensitive matters. The rebel coalition in Syria has already seized two of Syria's main cities, Aleppo in the north and Hama in the centre.
07.12 / 12:31
Strategy economy Election RAI country Germany's far-right AfD party nominates a candidate for chancellor in the upcoming election
Alternative for Germany party on Saturday presented its candidate for chancellor in the country's upcoming election. In practice, Alice Weidel has no chance of taking the chancellery as other parties refuse to work with the populist party. But Alternative for Germany, or AfD, which was founded in 2013, has been getting strong approval rates and is currently the second strongest party in the country after the center-right Christian Democrats. It is polling between 18% and 19% in nationwide surveys.
06.12 / 01:43
markets security Software Experts RAI Celebrity Courts Bank Holiday Today: Are banks open or closed today for Mahaparinirvan diwas and Sri Guru Tegh Bahadur Ji's martyrdom day 2024?
As the public holidays are announced by the two state governments, will you be able to visit your local bank branch to do any banking transactions today.
05.12 / 16:05
markets Fighting RAI Justice recommendations Courts OROP: Have decided not to accept recommendations on pension hike, Centre to SC
Centre on Thursday told the Supreme Court that it has decided not to accept recommendations for enhancing pension by 10 per cent to retired regular captains of the Army in accordance with the One Rank One Pension scheme (OROP). A bench comprising Chief Justice Sanjiv Khanna and justices Sanjay Kumar and Manmohan was apprised about the non-acceptance of recommendations on pension hike by Additional Solicitor General (ASG) Aishwarya Bhati, who appeared for the Centre. The top court was hearing an appeal of the Centre challenging an order of December 7, 2021 of the Armed Forces Tribunal (AFT) at Kochi. According to the AFT order, the central government was to take a decision on the pension payable to the retired regular captains.
05.12 / 16:05
markets awards CAT Experts RAI Air India taking steps to deal with fog, poor visibility in winter season
The Tata Group-owned Air India faced a Rs 30 lakh fine from the DGCA in January this year for not having enough pilots trained to fly in low visibility conditions ahead of the fog season. «Air India has adjusted flight schedules to minimise disruptions to long haul and metro-to-metro flights with onward connectivity during the fog window. It has also increased the number of CAT-III trained pilots who are certified to land in low visibility operations and CAT-III instrument landing system,» Air India said without giving the number of such pilots.
05.12 / 13:55
markets Cooper Software Dreams Election RAI Ajit Pawar: 'Forever deputy CM' is ultimate survivor of churning in Maharashtra politics
Ajit Pawar has not only consolidated his position in the BJP-led Mahayuti, but also fortified his place in Maharashtra politics by becoming deputy chief minister for the sixth time. Ajit Pawar has now firmly come out of the shadow of his formidable uncle Sharad Pawar, more than a year after he rebelled against the NCP founder. He took oath as a deputy CM in the Devendra Fadnavis-led government at a grand ceremony here on Thursday evening. A multiple-time deputy CM under different governments, 65-year-old Ajit Pawar has not concealed his chief ministerial ambitions, but that dream has still remained unfulfilled.
04.12 / 20:15
markets Man Software Experts RAI country Schools China's new invention in space arena: Here's what the country plans to do to colonize the moon
According to Express US, Ding Lieyun who is the project leader actually explained that the double-layered dome design allows for partitioned living and working spaces and these habitats could be built using robots and 3D printing technology. Also Read: Yellowstone Season 5: All we know about Episode 13 release date, time, upcoming episode schedule and where to watch
04.12 / 18:49
BLOCK security Software awards Experts RAI Indus Vi board meet on Dec 9 to consider upto Rs 2000 cr capital raise by share issue to co-promoter Vodafone
Vodafone Idea (Vi) has scheduled a board meeting on December 9 to consider upto a Rs 2,000 crore fundraise via issuance of equity shares and or convertible securities on a preferential basis to co-promoter, Vodafone Group Plc. The late night exchange filing came even as UK’s Vodafone announced plans earlier today to invest a portion of its residual 3% Indus Towers stake sale proceeds in Vodafone Idea (Vi) against fresh shares to help its Indian telecom joint venture with the Aditya Birla Group clear a portion of its old dues to Indus. “…a meeting of the Board of Directors of the Company is scheduled on December 9, 2024, inter-alia, to consider a proposal for raising of funds not exceeding Rs 2,000 crore, by way of issuance of equity shares and / or convertible securities on a preferential basis to one or more entities belonging to Vodafone Group,” Vi said in a late evening exchange filing.
04.12 / 04:37
RAI Updates cricket India Under-19 vs United Arab Emirates Under-19 Live Score: Match 12 of ACC Men's U19 Asia Cup, 2024 to start at 10:30 AM
Venue : Sharjah Cricket Stadium, Sharjah India Under-19 squad - Andre Siddharth, Ayush Mhatre, Mohammad Amaan, Pranav Raghavendra, Sahil Parakh, Vaibhav Suryavanshi, Hardik Raj, Karthikeya KP, Kiran Chormale, Nikhil Kumar, Pranav Pant, Anurag Kawade, Harvansh Pangalia, Anmoljeet Singh, Chetan Sharma, D Dipesh, Mohammed Enaan, Naman Pushpak, Samarth Nagaraj, Yudhajit Guha United Arab Emirates Under-19 squad - Abdullah Tarique, Akshat Rai, Aryan Saxena, Ethan D'souza, Faisur Rahman, Noor Ayobi, Prithvi Madhu, Rayan Khan, Aayan Khan, Harsh Desai, Karan Dhiman, Mudit Agarwal, Ali Asgar Shums, Rachit Ghosh, Uddish Suri, Yayin Rai India Under-19 vs United Arab Emirates Under-19 Match Details Match 12 of ACC Men's U19 Asia Cup, 2024 between India Under-19 and United Arab Emirates Under-19 to be held at Sharjah Cricket Stadium, Sharjah at 10:30 AM.
03.12 / 09:55
UPS FIVE RAI gatherings Courts Rahul Gandhi, other party MPs from UP to visit Sambhal tomorrow
Rahul Gandhi along with the five other party MPs from Uttar Pradesh will visit Sambhal on Wednesday, Uttar Pradesh Congress chief Ajay Rai said. Newly-elected Wayanad MP Priyanka Gandhi Vadra is also likely to accompany the delegation, he said. The party's general secretary and UP in-charge Avinash Pande will be there too, Rai told PTI. Curbs under section 163 (power to issue order in urgent cases of nuisance or apprehended danger) of the Bharatiya Nagarik Suraksha Sanhita (BNSS), were set to expire on Sunday and have now been extended till December 31.
03.12 / 05:21
markets FIVE Mobile Experts RAI Schools 3 arrested with arms in Manipur's Imphal
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.
02.12 / 20:53
markets UPS Strategy Trade CIBC RAI The Canadian dollar vs. Donald Trump: How low can a slumping loonie go as the Trump trade plays out?
The Canadian dollar has been steadily declining over the past couple of months — a drop many economists and currency experts have linked to the rising expectations of a Donald Trump victory in the lead up to the U.S. election. The loonie is down just over four per cent against its U.S. counterpart since late September, and 1.5 per cent since Nov. 5. It slumped nearly a half per cent after Trump announced that, on day one of his presidency, he would impose a 25 per cent tariff on all goods entering the United States from Canada and Mexico.
02.12 / 16:59
markets Strategy awards RAI AVP Schools IBBI extends deadline to file liquidation forms to December 31
Insolvency and Bankruptcy Board of India (IBBI) on Monday extended the deadline for filing forms to monitor liquidations by a month to December 31. The extension follows a request by liquidators and Insolvency Professional Agencies, citing technicalities and issues involved in the submission of the forms, the regulator said in a communication to stakeholders. Earlier, the deadline was extended from September 30 to November 30.
02.12 / 12:15
COST awards RAI prevention guidelines RBI lifts its supervisory restrictions on Sachin Bansal-led Navi Finserv Limited
Reserve Bank of India on Monday announced decision to remove its supervisory restrictions on Sachin Bansal's Navi Finserv Limited following several rounds of interaction with the company for rectification of deficiencies. «RBI had several rounds of interaction with the company for rectification of deficiencies. Now, having satisfied itself based on company’s submissions, and in view of adoption of revamped processes, systems, and the company’s commitment to ensure adherence to the Regulatory Guidelines on an ongoing basis, especially for ensuring fairness in the loan pricing, the Reserve Bank has decided to lift the afore-mentioned restrictions placed on Navi Finserv Limited, with immediate effect,» said RBI in the statement. The central bank on October 17, 2024 had issued directions to Navi Finserv Limited, Bengaluru (and three other NBFCs), to cease and desist from sanction and disbursal of loans, effective from close of business of October 21, 2024.
02.12 / 12:15
markets Action Strategy awards trends RAI show RBI moves, asset quality to push NBFCs slow down asset growth to 15 pc in FY25, FY26: Crisil
RBI's regulatory initiatives and asset quality trends will push non-bank lenders to slow down their growth in asset under management (AUM) to 15-17 per cent in the current fiscal and next, domestic rating agency Crisil said on Monday. The sector had achieved a handsome growth of 23 per cent in the AUM in FY24, the agency said, adding that even with the slower growth, the AUM expansion will be higher than the 14 per cent of the last decade. Entities will opt for «sustainable growth» because of the regulatory environment and asset quality trends, the rating agency said, adding that the present situation will lead to recalibration in strategies. RBI had in November last year increased the risk weights on banks' lending to NBFCs along with the lending to unsecured loans, where NBFCs are very active. Additionally, the micro loan segment is also showing signs of stress on asset quality lately.

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