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29.12 / 09:36
29.12 / 09:25
Citi
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Inside
reports
Rehearsals for 75th Republic Day begin today in Delhi
Republic Day celebrations, the Delhi Police and security agencies organised mock drills at vital installations. These drills were also carried out in market areas to sensitise the general public to remain alert and augment anti-terrorism measures. Delhi Police East District on Thursday executed a mock drill at V3S Mall Nirman Vihar.
29.12 / 09:20
Provident
Google
Platform
Mobile
consequences
reports
NPCI to deactivate THESE UPI IDs by December 31, 2023: How protect such accounts
NPCI) has recently instructed payment applications to disable UPI IDs that have remained inactive for over a year by December 31, reported Business Today. This measure aims to avoid inadvertent fund transfers in cases where customers switch their mobile numbers without unlinking their previous numbers from the banking system.
29.12 / 09:20
Fighting
President
country
electronic
reports
‘Only TMC can teach BJP a lesson...’: Mamata Banerjee ahead of seat-sharing talks with INDIA bloc
Anupam Hazra, from the post of National Secretary, citing controversial comments. Predicting a win for the INDIA bloc against the BJP-led National Democratic Alliance (NDA), CM Mamata Banerjee said “INDIA alliance will be there across the country. In Bengal, TMC will fight and defeat the BJP".
29.12 / 08:40
Experts
show
reports
Share price of Lupin falls as Sensex drops 220.01 points
Lupin Ltd. dropped 1.28 per cent to Rs 1322.15 at 01:39PM (IST) in Friday's trade. The stock has hit a high of Rs 1342.0 and low of Rs 1319.0 so far during the session.
29.12 / 08:39
Citi
Provident
Platform
Remark
country
social
reports
2024
Major e-commerce trends that can reshape the industry in 2024
India's e-commerce industry is experiencing rapid growth, fueled by the country's digitization and expanding internet user base. Advancements in technology, such as artificial intelligence and virtual reality, are expected to revolutionize the online shopping experience. According to Google's latest report, India's internet economy is projected to reach a staggering $1 trillion by 2030, a sixfold increase from $175 billion in 2022.
29.12 / 08:35
Digital
Google
Racing
Mobile
country
reports
Amazon Pay FY23 revenue growth remains flat at Rs 2,093 crore, losses down 13%
Amazon Pay, the digital payments arm of ecommerce giant Amazon reported flat growth in operational revenue at Rs 2,093 crore in fiscal 2023 compared to Rs 1,998 crore a year ago. The company's net losses dipped 13% to Rs 1,499 crore in FY23, from Rs 1,740 crore in FY22, mostly driven by a reduction in expenses.
29.12 / 08:29
Provident
Digital
economy
Remark
country
reports
International
EAM S Jaishankar stresses developing international relations with ‘Indian characteristics’
External Affairs Minister S Jaishankar on Thursday emphasized the need to shape international relations with Indian characteristics. He highlighted that his "major preoccupation" is to dedicate more time to exploring India's reservoir of culture and knowledge.
29.12 / 08:24
Manufacturing
Remark
WhatsApp
Healthcare
performer
reports
2024
Outlook 2024: Valuations, earnings, pre-election optimism to fuel Indian stock market, says Standard Chartered
BSE Sensex delivered returns exceeding 18% over the course of the year. Notably, the broader markets displayed remarkable outperformance, with the Nifty Smallcap 100 index surging over 54% and the Nifty Midcap 100 recording a robust increase of more than 45% in 2023. As the financial landscape transitions into the new year, analysts at Standard Chartered have upgraded Indian equities to Overweight.
29.12 / 08:16
President
reports
Bihar CM Nitish Kumar elected JD(U) president, Lalan Singh steps down
PTI. The national council meeting of the party, scheduled to be held later in the day, is likely to ratify decisions taken in the executive meeting. Sources said most key leaders within the party were of the view that Kumar being its most prominent face should take charge of the organisation at this crucial time in the run-up to the Lok Sabha polls in 2024.
29.12 / 08:15
Citi
President
Celebrity
country
exclusive
reports
‘Centre rejected Delhi, Punjab tableaux for Republic Day parade to take revenge,’ says AAP leader Saurabh Bhardwaj
Saurabh Bharadwaj on Friday said that the BJP-led central government has declined the tableaux of Delhi and Punjab for the Republic Day parade, viewing it as a move to “exact revenge on the AAP," the ruling party in both the capital and the border state. As reported by PTI, during a press conference, Bharadwaj highlighted that the Centre has rejected Delhi's tableaux for three consecutive years. “The last time Delhi's tableau featured in the Republic Day parade was in 2021.
29.12 / 08:13
reports
M&M gets Rs 4.12 crore tax penalty; company to challenge
penalty of Rs 4.12 crore over input tax credit claim and education cess credit balance carry forward from pre-GST regime to GST regime in relation to its two-wheeler business. In a regulatory filing, Mahindra & Mahindra said it has received an order from the office of the Deputy Commissioner, State Tax, Audit Wing, Indore-01, Madhya Pradesh imposing a penalty amounting to Rs 4,11,50,120 to the two-wheeler business of Mahindra Two Wheelers Ltd (MTWL), which was demerged from MTWL and has since been merged with the company.
29.12 / 08:12
Provident
Aviat
CEO
Airlines
Pool
Enterprise
reports
In 2023 India Inc. learnt hard lessons on families, friends and partners
From Bharat Forge to Indigo to the Raymond Group to Religare Enterprises, several big businesses got embroiled in disputes in 2023, underlining the need for a clear succession plan, firewalling companies from relationship troubles and better stakeholder scrutiny. The year 2023 highlighted that as India's corporate sector matures and women in top roles assert themselves more, it needs to devise better ways to face a new future.
29.12 / 08:11
Experts
reports
Tata Power shares gain 0.65% as Sensex falls
Tata Power Company Ltd. traded 0.65 per cent higher in Friday's session at 01:28PM (IST). The stock opened at Rs 330.4 and has touched an intraday high and low of Rs 335.85 and Rs 326.1, respectively, during the session so far.
29.12 / 08:10
Experts
Colgate-Palmolive
show
reports
Colgate-Palmolive shares down 1.27% as Nifty drops
Colgate-Palmolive (India) Ltd. traded 1.27 per cent down in Friday's trade at 01:34PM (IST). Around 4,747 shares changed hands on the counter.
29.12 / 08:10
Booking
Healthcare
Experts
show
performer
information
reports
Nifty clocks best gains in 34 months in December F&O series. Can it beat this show in January?
Benchmark Nifty 50 rallied over 8% in the December derivative series, clocking its best gains in a series since February 2021. This was also the highest series gain by the index in 2023. Further, foreign institutional investors significantly increased their net long positions, taking the long-short ratio sharply higher to 2.28 at the beginning of the January series from 0.56. Open interest in Nifty January futures at over Rs 301 billion or 13.9 million shares, is the highest seen since the April derivative series, pointed out analysts. The base with which the new year and the January series begin shows the ultra-bullish sentiment prevailing in the market. However, most analysts have sent out a word of caution and believe that a trend reversal is quite possible in the current series. “It’s quite evident that FIIs, previously leaning towards a short bias, have now pivoted strongly towards a long bias and their current index future long positions make up nearly 70% of the total open interest.
29.12 / 08:08
Digital
Extreme
Manufacturing
CEO
economy
country
reports
banking system
Growth opportunities in the banking system are phenomenal: Keki Mistry
Keki Mistry, Former VC & CEO, HDFC, says “there is a massive potential to grow, not just for mortgages, but for every single financial service product. If you look at retail credit to GDP in India, we are at around 18%. If you look at credit card penetration in India, it is extremely low by global standards. So whichever way, whichever product you look at, the growth opportunities in the banking system are phenomenal.” Banking is a bit of a cyclical business, where do you think we are in this cycle? Are we past the peak or at least very close to the peak? What is your analysis? Keki Mistry: I do not think we are anywhere even remotely close to the peak. The growth opportunities which are there for the economy as a whole and the banking sector is obviously part of the economy is phenomenal. I do not think any country in the world today has the potential to grow the way India has the potential to grow. We have demonstrated that consecutively year after year.
29.12 / 08:07
Experts
show
reports
Indian Hotels shares up 0.74% as Nifty drops
Indian Hotels Company Ltd. traded 0.74 per cent up in Friday's trade at 01:13PM (IST). Around 55,368 shares changed hands on the counter.
29.12 / 08:05
IPO
Platform
show
2020
reports
surges
Pine Labs FY23 revenue surges 56% to Rs 1,588 crore, losses dip marginally
Pine Labs reported a total revenue of Rs 1,588 crore in the financial year ended March 31, 2023, up 56% from a year ago. Its overall losses dipped marginally to Rs 227 crore, down from Rs 259 crore in the previous financial year, data sourced from business intelligence platform Tracxn showed. Pine Labs largely deploys point of sales (PoS) terminals at retail merchant outlets. It has recently expanded into online ecommerce payments through its gateway solutions platform Plural.
29.12 / 07:31
CEO
Platform
Highways
social
reports
Meesho FY23 revenue grows 77% to Rs 5,735 crore, loss narrows 48%
Ecommerce platform Meesho on Friday said its loss for the year ended March 31, 2023, narrowed by 48% to Rs 1,675 crore, while operating revenue for the period grew 77% to Rs 5,735 crore. The Bengaluru-based online marketplace, which drives a majority of its sales from non-metro markets, had reported an operating revenue of Rs 3,232 crore in FY22, while incurring a loss of Rs 3,247 crore. The FY23 financials pertain to Meesho's Indian entity called Fashnear Technologies. Its parent firm is domiciled in the US–Meesho Inc.
29.12 / 07:30
Experts
show
reports
Adani Power shares down 0.33% as Nifty drops
Adani Power Ltd. traded 0.33 per cent down in Friday's trade at 12:32PM (IST). Around 32,366 shares changed hands on the counter.
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