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finished steel imports from China reached an all-time high during the first seven months of the current financial year from April, according to provisional government data reviewed by Reuters, rattling hundreds of small Indian steel producers. China, the world's biggest steel producer, shipped 1.7 million metric tons of finished steel to India during April-October, a 35.4% increase year-on-year, the data showed. This has exacerbated the deteriorating financial health of Indian steel producers struggling with cheap Chinese imports and falling domestic prices despite robust demand driven by rapid economic growth and rising infrastructure spending in the world's fastest growing major economy.

immediate financial needs. These range from working capital expenses, purchasing raw materials and consolidating debt. Consumers suggested that they need working capital to cover salaries and rent, pay utility bills, vendors and suppliers, and to manage routine day-to-day operations. The report by Paisabazaar shows that less than 30% of businesses applied for loans on future growth initiatives like marketing, brand building, upgrading machinery, or acquiring additional office space for expansion. The study revealed that nearly 45% of business loan applications were driven by the need for working capital expenses, highlighting the persistent liquidity challenges and short term cash flow gaps faced, especially by small businesses, in managing their day-to-day operations.

Avenue Supermarts Ltd. rose 0.19 per cent to Rs 3841.60 in Thursday's trade. It hit an intraday high of Rs 3872.00 and low of Rs 3825.00, respectively, during the day. The stock quoted a 52-week high price of Rs 5484.00 and low of Rs 3567.35.

Havells India Ltd. 0.16 per cent to Rs 1730.65 at 12:27PM (IST) in Thursday's trade. The counter has hit a high of Rs 1748.75 and low of Rs 1715.00 so far during the session. The stock had closed at Rs 1733.50 in the previous session. The counter has had a total traded volume of 14280 shares so far with a value of Rs 2.47 crore on the NSE. It traded at a price-to-earnings multiple of 76.74 and a price-to-book ratio of 12.75.

Vishal Mega Mart is set to launch its Rs 8,000 crore initial share-sale on December 11 for public subscription. The Initial Public Offering (IPO) will conclude on December 13 and the bidding for anchor investors will open for a day on December 10, the Red Herring Prospectus (RHP) showed on Thursday. The proposed IPO is entirely an Offer For Sale (OFS) of shares by promoter Samayat Services LLP, with no fresh issue of equity shares, according to the Updated Draft Red Herring Prospectus (UDRHP).

Subscribe to enjoy similar stories. The pauses that Ayesha Sultana takes during a conversation are just as significant as the works she creates. These brief silences offer opportune moments for the viewer or listener to understand the workings of the artist’s mind, and to soak in the conceptual subtlety of the abstract works that she creates.

The single currency was fetching $1.0514, trading in tight ranges in early Asian hours but was close to the two-year low of $1.03315 it touched at the end of November as traders brace for a long-winded reckoning for France.

Mirchi ka halwa," has gone viral on social media, sparking mixed reactions from the users. The video, shared by Instagram user @bala.dagar__malik.7127, shows the dessert being prepared and served. The video features a woman expressing her surprise at the unusual dish. «I've had plenty of sweets, but this is the first time I've heard of Mirchi ka halwa,» she says.

technology shares rallied after upbeat results from Salesforce and as comments by Federal Reserve Chair Jerome Powell gave a late boost to the market. The economy is stronger than it appeared in September when the central bank began cutting interest rates, allowing policymakers to potentially be a little more cautious in reducing rates further, Powell said at a New York Times event.

Federal Reserve Chair Jerome Powell on Wednesday said the economy is stronger now than the central bank had expected in September when it began reducing interest rates, and appeared to signal his support for a slower pace of interest-rate cuts ahead. «The U.S. economy is in very good shape and there's no reason for that not to continue ...the downside risks appear to be less in the labor market, growth is definitely stronger than we thought, and inflation has come in a little higher,» Powell said at a New York Times event. «So the good news is that we can afford to be a little more cautious as we try to find neutral.» His remarks during a wide-ranging half-hour interview that touched only lightly on monetary policy and the economy are likely his last before the Dec. 17-18 policy meeting, as the quiet period when Fed officials refrain from speaking about monetary policy ahead of a meeting starts on Saturday. In-depth comments by some of Powell's key colleagues this week have pointed in the direction of a third straight interest-rate cut, with Governor Christopher Waller saying on Monday he was «leaning toward» a reduction even as others decline to pre-commit to that outcome.

Bajaj Housing Finance has helped triple the value of Tata Capital, the non-bank lending arm of the Tata Group. The company, which debuted in the unlisted market nearly a year ago at ₹300 apiece, has seen its valuations soar to ₹900 per share. Investment bankers attribute the surge to the successful listing of Tata Technologies and the uptick in NBFC valuations.

global stocks hit a record with Jerome Powell’s bullish comments that supported risk assets. Currency traders remained on alert as the French government fell after a no-confidence vote. Shares in Japan and Australia rose, while equity futures in Hong Kong were slightly lower. US equity futures were little changed after Wednesday advances for the S&P 500 and tech-heavy Nasdaq 100 nudged a gauge of global stocks to a new high.

London’s Royal Albert Hall is preparing to host a different kind of spectacle: Sumo wrestling

U.S. donors gave $3.6 billion on Tuesday, an increase from the past two years, according to estimates from the nonprofit GivingTuesday

China's latest efforts to kickstart growth haven't had a broad impact yet, data and company earnings show, indicating the world's second-largest economy won't be roaring back soon.

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Bill Maher is contemplating quitting his long running HBO talk show ‘Real Time’ due to his exhaustion with discussing US President- elect Donald Trump, reported Express US. According to Express US, during a recent episode of his ‘Club Random’ podcast with actress Jane Fonda, Bill Maher expressed his frustration while stating that he is actually scared about the prospect of Donald Trump's second term and eventually indicated that he might no longer want to cover political topics dominated by Donald Trump. He has been pretty vocal about his disdain for Donald Trump since before the 2016 US Presidential election while labeling him a ‘con man’ and a ‘mafia boss’.

However, four years later, Monogram appears to have vanished from store shelves. The brand’s website lists just nine retailers, but none of them feature Monogram products on their online menus. Its parent company, The Parent Company (TPCO), once hailed as a cannabis giant, has also fallen from grace. After launching with $575 million and ambitious plans to dominate the market, TPCO burned through nearly half a billion dollars. It was forced to merge with Gold Flora in 2023, and now holds a minority stake in the struggling entity. Also Read: Bill Maher may quit his talk show very soon and he has cited this reason for it

certificates of deposit (CD) to finance demand for credit, as mobilising traditional deposits remains a challenge. Funds raised by issuing these typically short-term financial instruments grew 57% till November 15 this fiscal year to more than ₹6 lakh crore, compared with around ₹3.9 lakh crore a year earlier, according to Reserve Bank of India data. Outstanding CDs at the end of November 15 totalled ₹4.89 lakh crore. In the first 15 days of November, banks issued CDs worth ₹46,552 crore. «This increase is to meet banks' funding requirements to manage the gap between the credit offtake and deposit growth,» said Saurabh Bhalerao, associate director-BFSI research at CARE Ratings.