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16.01 / 12:39
markets COST pandemic show country reports The housing shortage is finally starting to ease
 Realtor.com chief economist Danielle Hale breaks down housing affordability on 'Maria Bartiromo's Wall Street.'
16.01 / 12:09
wellness trends Celebrity social reports Equality Destinations India's wedding industry soars to $75 billion, growing 7-8% annually
Mint. "Wedding professionals have reported a 15-22% increase in their business year-on-year from 2022 to 2023, coming off the back of the rise in destination weddings. The customer base is also evolving which is paying more and more attention to detail," Shahani added.
16.01 / 12:09
COST UPS IPO Trade reports Capital Small Finance Bank gets green signal from SEBI to launch its proposed IPO; key highlights here
₹450 crore and an offer for sale of up to 2,412,685 equity shares. For the IPO, Nuvama Wealth Management, DAM Capital Advisors, and Equirus Capital Private are the book-running lead managers.
16.01 / 12:09
COST UPS Target wellness performer reports IndusInd Bank stock gained 23% in less than 5 months; is there more upside left? Here's what brokerages say
₹1,694.35 in the previous session, on January 15. With that, it has now rallied over 71 percent from its 52-week low of ₹990.25, hit on February 1, 2023. The private sector lender reported a 22 percent year-on-year (YoY) rise in the September quarter standalone net profit to ₹2,181.5 crore on the back of higher income and lower provisions.
16.01 / 12:09
COST CEO security show 2020 reports travelers The $65 Million Perk for CEOs: Personal Use of the Corporate Jet Has Soared
One of the flashiest executive perks has roared back since the onset of the pandemic: free personal travel on the company jet. Companies in the S&P 500 spent $65 million for executives to use corporate jets for personal travel in 2022, up about 50% from prepandemic levels three years earlier, a Wall Street Journal analysis found. Early signs suggest the trend continued last year.
16.01 / 11:40
markets Platform Compilation stage reports Why US earnings may easily beat expectations
Slashed earnings estimates are creating the optimal platform for US companies to beat expectations this earnings season, according to Morgan Stanley’s Michael Wilson.
16.01 / 11:33
Citi Align Metro PINK blues reports Features Bengaluru Metro expansion: Sarjapur To Hebbal 37-km metro line project report ready. Details here
The alignment starts with an elevated corridor near Sarjapur's IT corridor, transitions underground at Koramangala, traverses the central business district through tunnels, and emerges on Ballari Road with elevated stations at Ganganagar and Hebbal, Times of India reported. A notable feature is its interconnection with existing Blue, Pink, Purple, and Phase III lines at four points. At Iblur, the line connects with the Blue Line, providing connectivity from the Central Silk Board junction to Kempegowda International Airport.
16.01 / 11:33
Provident Digital Platform country social reports Schools Congress head Kharge hits out at government for using Startup India as publicity tool for PM
Mallikarjun Kharge hit out at the Narendra Modi-led BJP government for pushing the country's startup entrepreneurs, creative people and jobless youth “to the wall.” On the eve of National Startups Day, Kharge took to social media platform X and said the government’s Startup India initiative has become a vehicle to garner publicity for Prime Minister Modi as it has miserably fallen short on delivery.
16.01 / 11:19
markets UPS TikTok Uniqlo social reports Videos Japan's Uniqlo sues China rival Shein over viral bag copies
Uniqlo said Tuesday that it is suing Chinese rival Shein over copycats of a massively popular crossbody pouch dubbed online the "Mary Poppins carryall". Videos of fans praising its deceptively small size have gone viral on social media, with one clip on TikTok of a young woman unpacking numerous large items racking up more than a million views.
16.01 / 11:19
markets Reuters Manufacturing Tesla reports Interviews International Mahindra calls for EV level playing field amid Tesla's India entry plans
Mahindra & Mahindra has told the government there must be a level playing field between domestic and foreign players and local manufacturing must be promoted, a top executive said, as New Delhi seeks to lure carmakers such as Tesla. Mahindra and Tata Motors have pressed Indian officials privately not to lower import taxes of 100% on electric vehicles and protect domestic firms and their foreign investors as the government reviews Tesla's plans to enter the market, Reuters reported last month. Asked about Tesla's entry and New Delhi's planned policy to lower import taxes, Mahindra Managing Director Anish Shah said his company had made representations to Indian officials saying global EV makers must be nudged to invest in India. «It should be a level playing field and investing in India is important,» Shah told Reuters in an interview at the World Economic Forum annual meeting, without referring to Tesla by name. «Our approach is essentially to create a stronger industry in India, and not to be in a situation where manufacturing is done outside India, and India just becomes an importer of products,» he added. India sold 4 million cars last year and just 82,000 of those were EVs, but the nascent segment clocked sales growth of 115% versus the previous year. Mahindra has raised around $400 million from Singapore's Temasek and British International Investment, while private equity firm TPG and Abu Dhabi state holding company ADQ invested $1 billion in 2021 in Tata. Shah said Mahindra has plans to list its EV unit, but not before 2029 «because we need to be able to show significant success in that business.» «For us, electric is the future,» he said. Tesla has proposed setting up an Indian factory but also demanded
16.01 / 10:47
UPS Aviat Airlines Metro CAT information reports Aviation Minister Jyotiraditya Scindia refines SOPs amid airport chaos: ‘War Rooms’ to be set up
Jyotiraditya Scindia on Tuesday in a post on X issued additional SOPs in connection with the chaos at the airport and in the aircraft due to fog-related flight delays which have affected flight operations, particularly in Delhi airport. The minister wrote, that because of the fog-induced disruptions, Standard Operating Procedures (SOPs) on mitigating passenger inconvenience were issued yesterday to all the airlines. 1.
16.01 / 10:47
show reports record high Fundraising via private bonds hit record high in 2023: Report
₹9.58 trillion in 2023, reflecting a 26 percent increase from the previous year, shows data released by Prime Database. The upswing can be attributed to a surge in credit demand propelled by robust economic growth, Pranav Haldea, managing director of Prime Database Group says. Concurrently, the banking system faced liquidity constraints, leading to entities exploring alternative avenues for capital infusion, the release stated.
16.01 / 10:47
COST SUN Healthcare hospital reports Jeffries expects healthy growth for Indian healthcare firms in Q3FY24
Lupin (at 8% YoY) and Dr Reddy’s (at 6% YoY). “We expect the highest growth rate for Torrent pharma (+16% YoY) due to Curatio acquisition and Cipla (+12% YoY) and lowest for Lupin (+8% YoY) and Dr Reddy’s (+6% YoY). We expect India business to witness some gross margin improvement on benign RM (raw material) costs and seasonality impacts," it added.
16.01 / 10:47
UPS reports National Startup Day: Funding winter chill continues, global VC investments declined 38% in Q42023
VC Funding Winter: After years of record-breaking growth, global venture funding crashed in 2023, hitting a six-year low of $248.4 billion. This represented a staggering 38 per cent decline year-over-year and the lowest level since 2017. Venture capital (VC) funding investment in Indian startups decreased by almost one-third in comparison to the funding received in CY22, which amounted to USD 20.6 billion and constituted 4.8 per cent of the global total, according to CB Insights' global data.
16.01 / 10:43
Software WhatsApp Experts reports Sensex snaps 5-day winning streak, slides 199 points dragged by IT stocks
The 30-share BSE benchmark Sensex declined 199 points or 0.27% to settle at 73,129.
16.01 / 10:37
UPS Aviat Airlines Metro CAT information reports Flight delays: Aviation ministry to set up war rooms at six metro airports
Jyotiraditya Scindia tweeted on January 16 that the ministry has sought incidence reporting thrice daily for all the 6 metro airports. It may be mentioned here that the SOPs were issued on January 15, following major fog-induced flight schedule disruptions — particularly at the Delhi airport. The implementation of the directives by aviation regulator DGCA and the abovementioned SOPs will be monitored and reported regularly, the minister tweeted. Under the new directives, airports and aviation players will set up «war rooms» at the 6 Metro Airports. These facilities will immediately address any issues related to passenger inconvenience caused by flight disruptions. Besides, sufficient CISF manpower availability will be ensured round-the-clock, the minister added.
16.01 / 10:37
COST Cooper Booking Waters reports International Jindal SAW Q3 Results: Profit grows twofold; order book swells
SAW on Tuesday reported an over twofold growth in its third-quarter profit, as demand in the Middle East and North Africa (MENA) region remained steady and its order book grew. The company posted a consolidated profit after tax of 5.32 billion rupees ($64.1 million) for the quarter ended Dec. 31, 2023 from 2.14 billion rupees a year ago. The company, which makes pipes for the energy, transportation and water sectors, said its order book for iron & steel pipes rose to $1.49 billion from $1.32 billion a year ago. «Higher exports, improved volumes and range-bound raw material prices have contributed towards margin improvement,» the company said in a statement. Exports accounted for over 35% of its order book, which analysts said helped offset the effect of falling domestic steel prices, as global prices remained elevated. Its UAE-based unit recorded an order book of $135 million.
16.01 / 10:37
markets Target Platform Pool performer reports Edtech platform GrowthSchool aims to onboard 2.5 million learners in 2024
GrowthSchool aims to onboard 2.5 million learners in 2024, the company said in a press release on Tuesday. It also aims to achieve a $1 million monthly run rate by the end of fiscal 2024. The two-year-old platform reported 400% year-on-year growth in revenue since its inception, with peak monthly revenue of Rs 5 crore, it said. The edtech platform, which also expanded globally in 2023, has so far upskilled more than 1 million learners, the press release said.
16.01 / 10:33
markets COST UPS Citi country reports Posthaste: Why Canada's housing market could rebound sooner than many expect
Canada’s housing market is nearing a “tipping point” and its recovery will start sooner than many expect, says a new report by one of Canada’s leading real estate companies.
16.01 / 10:25
Reuters Research President reports German investor morale improves in January -ZEW
BERLIN (Reuters) — German investor morale improved in January, the ZEW economic research institute said on Tuesday, reporting a rise in its economic sentiment index to 15.2 points from 12.8 points in December.
16.01 / 10:13
COST Target Food pandemic trends reports High interest rates, inflation slow business growth, Bank of Canada survey finds
Despite increasing expectations that interest rates have peaked, many Canadian businesses experienced weaker growth in the fourth quarter and blamed factors including their customers’ financial situations and the impacts of higher rates and inflation, according to the Bank of Canada’s latest business outlook survey.

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