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Gujarat traders have decided that they will be paying one day's salary to employees to celebrate the day, reported ToI. Traders have decided to gift their employees with a 'token bonus' which is equivalent to one day's salary to mark the special occasion. The initiative was kickstarted by Sanjeev Chhajer, former chairman of JITO Ahmedabad, who offered a one-day salary bonus to his employees. Since then, the idea has gained momentum, with around 100 traders already joining the cause, and more expected to participate before January 22. «We give bonuses to our employees on Diwali, so I decided to give a small token to mark this day,» said Chhajer. Nandu Mundhra, a textile trader based in New Cloth Market, expressed who has nearly 25 workers said «I employ 25 people and will give them a day's salary as a bonus so that they can celebrate on January 22.» In addition to the 'token bonus,' some traders have chosen alternative ways to contribute to the festivities. Sanjay Shah, director of a tour and travel company, has decided to distribute sweets and gifts to residents of old-age homes and orphanages. This gesture reflects the spirit of giving and inclusion during this auspicious time. Even sweet shop owners are joining in the celebration by offering discounts on their delectable treats. Jaimin Patel, a sweet shop owner, shared, «We have announced a discount of 10% for January 22. We will give up to 30% discounts on orders above 5 kg on January 21 and 22.» This offer allows customers to indulge in the joyous atmosphere and enjoy some traditional sweets at a discounted price.

Indian Railway Finance Corporation (IRFC) is now more valuable than 19 Nifty stocks including Bajaj Auto, Mahindra & Mahindra, LTIMindtree and Tata Steel. On Friday, the market capitalisation of the company touched Rs 2.1 lakh crore mark as the stock jumped 10% to hit its fresh 52-week high of Rs 160.80 on the NSE on Friday. The stock has seen an exponential rise in its price from its 52-week low of Rs 25.40 on March 28, 2023. With today's fresh high, the gains translate into a staggering 533% in less than a year.

Tube Investments of India Ltd. traded 1.1 per cent down in Friday's trade at 01:59PM (IST). Around 2,662 shares changed hands on the counter.

Union Budget 2024: India is making strides on global platforms ranging from local production boost to attracting foreign companies to shifting supply chains from rival China as it harbors dreams of becoming the third largest economy. The women of modern India have largely breached the patriarchal walls and are joining the workforce at a moment when Bharat is also seeing a paradigm developmental shift. Read our full Budget 2024 coverage here In today’s Narendra Modi-government-led India, the Nehruvian philosophy of asserting the condition of a nation by looking at the status of its women is still true and perhaps it will forever be valid. World Bank data shows India’s female labour force participation rate was 19.2% in 2021, contributing 17% of the country’s gross domestic product (GDP), which is relatively low for a nation dreaming of becoming a $5 trillion economy by 2025. The International Monetary Fund (IMF) stated that achieving gender equality in India, meaning equal participation of women in the labor force as men, could potentially elevate India's GDP by 27%. According to the World Bank, Indian women contribute to the economy at 17% of GDP, which is less than half of the global average. If approximately 50% of women could join the workforce, India might increase its growth by 1.5 percentage points, reaching 9% annually.

US, on Thursday (local time), avoided answering a question regarding whether Pakistan had engaged in prior consultations with Washington before carrying out retaliatory air strikes on Iran. In response to media reports suggesting that Pakistan consulted with the US before conducting the strikes in Iran, State Department Spokesperson Matthew Miller, during a routine press briefing in Washington, stated, “I do not have any private conversations to read out." Also Read: Pakistan-Iran News LIVE Miller said, “The US is concerned about the escalating tensions in the region and has urged restraint on all sides." He stressed there is no need for escalation in the matter and that the country has noted the Pakistani government's comments about the importance of “cooperative relations between Pakistan and its neighbours." In response to a question on how the US administration reads the situation between Iran and Pakistan, Miller said, “We are concerned about escalating tensions in the region.

Realme 12 Pro 5G family is its camera system. The lineup is teased to feature a 64MP OmniVision OV64B periscope lens, equipped with a 120x Super Zoom support. Realme emphasizes that this sensor boasts a 27.62 percent larger size (1/2-inch) compared to the ones used by other flagship devices.

Bilkis Bano gangrape case. The court held that the reasons cited in their application do not prevent them from complying with the January 8 order to surrender in two weeks. The convicts will now have to surrender by Sunday.

Tata Power Company Ltd. gained 1.04 per cent to Rs 349.1 in Friday's session as of 01:03PM (IST) even as the equity benchmark Sensex traded 519.63 points higher at 71706.49. Earlier in the day, the stock witnessed a gap up start to the session.

Adani Power Ltd. fell 0.79 per cent to Rs 520.5 in Friday's session as of 01:13PM (IST) even as the equity benchmark Sensex traded 538.25 points higher at 71725.11. Earlier in the day, the stock witnessed a gap down start to the session.

HDFC Bank Ltd., the country’s biggest private sector lender. A gauge of the country’s top 12 largest banks is set for its worst week since September, erasing nearly $21 billion in market value through Thursday’s close. Two-thirds of that bruising loss came from HDFC Bank, whose quarterly numbers showed falling net interest margins and weaker deposit growth.

₹450-500 per tonne increase in domestic iron ore prices has led to spot steel spreads contracting by $75-80 per tonne. Also Read: IndusInd Bank share price falls over 2% after Q3 results; Time to buy the stock? Here’s what analysts say It forecasts coking coal prices to average $270 per tonne, however it expects prices to decline materially only in H2CY24, thus, cost pressures are likely for the H1CY24.

Mark Zuckerberg has announced that his company is entering the race to make an artificial general intelligence system or AGI, reported The Verge. The 39-year-old tech leader did not provide an exact definition or a timeline for creating AGI but did mention that he is making some changes in the Meta's AI research group.

Do Kwon’s lawyer has argued that Terraform Labs’ co-founder should be extradited to South Korea and not the United States. The statement comes as a response to extradition requests from both countries, with Kwon currently in detention in Montenegro.

India have clear career aspirations, with a focus on professions such as police, teaching, medicine, Army, and engineering. However, there are notable gender differences in these choices.

Kotak Mahindra Bank is expected to report a double-digit growth in net profit for the quarter ended December, led by strong interest income, healthy loan growth, lower credit costs, and stable asset quality. The private sector lender’s net profit for the quarter is seen rising 15.3% year-on-year (YoY) to Rs 3,219 crore, and net interest income is likely to grow by nearly 14% YoY to Rs 6,416 crore, the average of estimates given by 12 brokerage firms showed. Sequentially, the growth is likely to have slowed down sharply, with net profit seen rising 0.9% and net interest income about 2%. The lender is scheduled to release its quarterly earnings on Saturday. Here’s summarising analysts’ expectations on the third quarter earnings scorecard front: Nuvama Institutional Equities Given the low base of unsecured loans for Kotak and lower than peers’ CD ratio, we estimate the bank to continue with its strong growth in Q3 FY24. We expect 6% QoQ/19% YoY growth in loans and 4% QoQ/21% YoY growth in deposits. However, Kotak’s deposit franchise is weaker than the top three private banks. As such, the risk of slower-than-expected deposit growth, in turn, leading to slower loan growth is high for this quarter given soft business updates from other banks. Management had pointed to a negative one-off of 14-15 bps in NIM in Q2FY24. We anticipate NII growth of 2% QoQ.

Metro Brands fell 5% to Rs 1,140 in Friday's trade on BSE after the footwear retail chain reported a 12.6% decline in consolidated net profit to Rs 98.8 crore for the third quarter ended December 2023. The company had posted a net profit of Rs 113 crore during the October-December period a year ago, according to a regulatory filing from Metro Brands. However, its revenue from operations increased 6.14% to Rs 635.5 crore during the quarter under review against Rs 598.7 crore in the year-ago period. In a separate filing, MBL said its board in a meeting held on Thursday declared an interim dividend at Rs 2.75 per equity share on the face value of the paid-up equity shares of Rs 5 each for the FY 2023-24. Also read: Epack Durables IPO opens. Should you subscribe to this issue? At 10.45 am, the scrip was trading 3.3% lower at Rs 1,162.4 on BSE.

Sean Strickland unleashed an expletive-laced tirade against a reporter, Justin Trudeau and people in the LGBTQ community during a media event in Toronto.Strickland, the current middleweight champion, is in Toronto in the run-up to Saturday’s UFC match at Scotiabank Arena. He’ll be facing off against South African MMA fighter Dricus du Plessis.Videos of Strickland cussing out a reporter during a UFC press conference spread quickly on Wednesday, and Strickland himself reposted a video of the incident.At one point during the interaction, the reporter notes that Toronto has a large LGBTQ community and asked Strickland to comment on a tweet he made in 2021, when the MMA fighter wrote: “If I had a gay son I would think I failed as a man to create such weakness.”Strickland cut off the question and repeatedly asked if the journalist was gay.“I’m an ally of the community,” the reporter responded.Strickland asked if the reporter would be fine with having a gay son and never having grandchildren, to which the reporter replied, “No problem with it.”“You’re a weak f—ing man, dude.

Narayana Murthy's untold story: When Wipro rejected his job application The other challenge faced by startups and budding entrepreneurs is attracting the best talent of early adopters due to negligible brand value and financial constraints, according to Murthy. He encouraged early-stage entrepreneurs to earn the respect of the government and society by ensuring good corporate governance practices, adhering to transparency and accountability with every stakeholder, and respect from customers to flourish their businesses. Sudha Murty backs Narayana Murthy's 70 hours work idea: ‘Work is a holiday…' "Respect from customers enhances repeat business.

Prime Minister Narendra Modi and various dignitaries, including Chief Minister M K Stalin, in attendance. As reported by PTI, a total of 5,500 athletes will participate in 26 competitive sports from January 19-31, as announced by the state government. The event aims to replicate the success of the 44th Chennai Chess Olympiad organized in 2022.

buzz surrounding ITI Ltd. Despite its stock soaring over 4x, a staggering 300% rise from its 52-week lows, the company's fundamentals don't seem to justify such enthusiasm. ITI Ltd has been in the red both in the last financial year, FY23, and the preceding 12 months.

Metro Brands, one of the largest Indian footwear specialty retailers, slumped by 6% in today's early trade, reaching ₹1,140 apiece after the company's earnings missed the street estimates. Also Read: Medi Assist IPO allotment finalised; here's how to check allotment status In Q3 FY24, the company posted a consolidated net profit of ₹99 crore, reflecting a 12.4% decline from the ₹113 crore net profit reported in Q3 FY23, driven by a sharp rise in expenses and a slowdown in sales. On a sequential basis, however, the net profit exhibited a 45% improvement compared to the preceding quarter's ₹68 crore.