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Narendra Modi's visit on Monday for the launch of LIC's Bima Sakhi Yojana, officials said. Modi will also be laying the foundation stone of the main campus of the Maharana Pratap Horticultural University. The initiative of the Life Insurance Corporation of India (LIC) is designed to empower women aged 18-70 years, who are class X pass, they said. This will be Modi's second visit to Haryana after the formation of the BJP government in October. Earlier, he had attended the oath-taking ceremony of Nayab Singh Saini as the chief minister and his Cabinet on October 18 in Panchkula.

First, many see money as a private, secretive thing. People do not discuss their incomes or wealth with others. There is his money, her money and our money accounts. Distinct confidentiality is maintained. Many old-school husbands do not let the wife know for fear of overspending or misallocation, among other reasons. Not trusting others with money matters is more common than not. Trust deficits foster money autocracy. Second, ceding control, especially with money, is tough. While many agree that household financial decisions are best made jointly, that might be a theoretical position. The household’s money manager may offer information from time to time—I made so much in this mandate; this is the amount we saved on world trip tickets; this is how much it will cost to renovate, and so on. This sharing may create an illusion of transparency and participation. However, everyone else needs to seek centralised approval for large spending.

Ranjit Babu, head of consumer electronics at Amazon India and former chief executive of its largest seller–Cloudtail, has resigned, adding to the ongoing senior-level churn in the ecommerce marketplace, people said. Babu's resignation follows a restructuring in the company after the exit of its former India head Manish Tiwary recently. Babu has over the years emerged as one of the key executives at Amazon India, dabbling in various roles that oversaw top revenue-grossing categories. He has been associated with Amazon for more than a decade, including his stint at Cloudtail, which was key to the success of Amazon's India operations.

global capability centres (GCCs) in India, states are eager to grab a piece of the action. Madhya Pradesh, Uttar Pradesh, Telangana and Andhra Pradesh are among those drafting their own GCC policies to attract multinationals with incentives to create back-office hubs outside the traditional hot spots of Bengaluru and NCR. In August, Madhya Pradesh chief minister Mohan Yadav travelled to Bengaluru to meet industry leaders to showcase the state and discuss expansion plans. He also extended invitations for Regional Investor Conclaves across the state as well as the Global Investors Summit 2025 in February, said people aware of the matter. Uttar Pradesh has already drafted a policy that highlights its «strategic location, young workforce, and rapidly developing infrastructure, (which) is well-positioned to benefit from this growth.» The state aims to attract GCCs «by focusing on infrastructure development, talent enhancement, and financial incentives.»

Industry experts, however, note that the exercise is also undertaken by automakers every year in December to shore up sales volume in the last month of the year, as customers postpone buyouts to later months to get the new year manufactured units. «We have seen a few cycles of price increase in India. It happens at the beginning of the calendar year and financial year, but few OEMs pick the timing based on their planned launches as well,» Deloitte India partner Rajat Mahajan said.

Online travel agency (OTA) Ixigo is sharpening its focus on hotels besides doubling down on flight and bus bookings, said group CEO Aloke Bajpai. «Post Covid, we have been the fastest growing OTA. At this point, we have a mid-50s kind of a market share in trains. The next player would be one third of our size,» Bajpai told ET in an interview. «We want to continue growing with the market. But for flights, buses and hotels, there is an opportunity to grow faster than the market,» he said.

LG Electronics India is concerned that its South Korean parent may in the future start separate businesses in India which could compete with the former since there is no exclusivity arrangement between the two of them. India's largest home appliances maker highlighted the apprehensions in its draft prospectus filed with the market regulator on Friday for a planned initial public offering (IPO). The mega public issue will see LG Electronics sell a 15% stake in the Indian subsidiary to raise around ₹15,000 crore, potentially making it India's fifth-largest IPO after Life Insurance Corporation, Hyundai Motor, Paytm and Coal India.

National Restaurant Association of India (NRAI) on Sunday cautioned its 500,000-plus restaurant members on what it termed «dangers» of deep discounting on dining-in, monopolising of payment gateways and data control by aggregators such as Swiggy and Zomato. «Deep discounting has caused significant challenges in food delivery; NRAI warns that similar tactics are being employed to capture the dine-in market,» the NRAI said in a detailed advisory, a copy of which was seen by ET. The development could escalate multiple long-standing disputes between India's ₹5.69 lakh crore restaurant sector and food delivery aggregators, which have been clocking healthy growth year-on-year on the back of consumer convenience and last-mile discoverability. Matters of dispute between the two, including allegations by the NRAI of deep discounting, data masking and uneven commissions by the aggregator platforms on deliveries, are currently being examined by the Competition Commission of India (CCI). For table bookings made by customers on aggregator platforms, most restaurants need to pay 4-8% commissions to the latter, which are higher than the 1-1.5% charged by third-party payment gateways, according to the advisory. According to the NRAI, aggregator payment gateways push aggressive discounts and cashbacks to acquire customers, which, it alleged, are at the expense of the restaurants. Third-party gateways include Paytm and BharatPe.

Rashmi Saluja, the executive chairperson of Religare Enterprises, earned ₹68.86 crore in gross remuneration in FY24, according to the company's annual report released on Saturday. This makes her the third-highest-paid professional to head a company in the BFSI (banking, financial services, and insurance) sector in FY24 and the seventh-highest overall in India, surpassing the gross remuneration of Infosys CEO Salil Parekh, L&T's SN Subrahmanyan and Satish Pai of Hindalco. In the BFSI sector, Abhay Bhutada, the former managing director of Poonawalla Fincorp took home ₹241 crore in FY24 while Rajeev Jain of Bajaj Finance earned ₹101 crore.

RBI) will have to infuse more liquidity into the banking system through additional measures as the expected impact of the 50-basis-point cash reserve ratio (CRR) cut announced Friday will likely wane within a few months, economists said. The central bank will likely use other liquidity instruments, like open market operations (purchases), foreign exchange swaps, and long-term variable rate repo auctions (VRR), they said. The RBI in its policy statement on Friday said that it will continue to be 'nimble and proactive' in its liquidity management operations to ensure that money market interest rates evolve in an orderly manner. Speaking to the media soon after announcing the policy, Governor Shaktikanta Das declined to give more details on the likely liquidity operations by the RBI.

cash reserve ratio (CRR) should ensure the lenders have sufficient liquidity to meet financing demand until the end of FY25. Bankers said slower credit growth has narrowed the gap between credit and deposits. Additionally, the ₹1.16-lakh-crore liquidity infusion through a lower CRR threshold will prevent deposit rates from climbing. Bankers said that deposit rates are now near their cyclical peak, and special deposit mobilisation schemes may not be revised at the end of this fiscal year.

Sweetpea can rejoice as the series has officially been renewed for a second season. The announcement comes after the success of the first season, which premiered in October and quickly captivated audiences with its bold storytelling. Sweetpea follows the chilling journey of Rhiannon Lewis, a seemingly quiet woman whose inner turmoil manifests in a vengeful spree of murder.

Barclays just promoted 66 new managing directors (MDs) in its corporate and investment bank (CIB). We have the list (before everyone else) below. 

This comes amid significant developments in Syria, including the seizure of Damascus by rebel forces and overthrowing the dictator whose whereabouts are not known. There have been reports that Assad's army retreated from the Syrian countryside leaving him alone. Syrians in cities around the world were seen celebrating Bashar al-Assad's ouster. Around six million Syrians became refugees during the brutal 13-year war under Assad’s rule.

Norway on Sunday said that it plans to ratify the India-EFTA free trade agreement next year, the commerce and industry ministry said. India and the four-nation EFTA (European Free Trade Association) bloc inked the agreement, officially dubbed as Trade and Economic Partnership Agreement (TEPA), on March 10 this year. However, it needs ratification from the four countries for its implementation. The agreement came up for discussions during the India-Norway Business Forum which was held in Mumbai. May-Elin Stener, Ambassador of Norway to India, termed TEPA a landmark in bilateral relations and highlighted its potential to further enhance trade and investment between the two nations.

Chinmoy Krishna Das on the court premises in Chittagong, according to a media report. The Dhaka Tribune newspaper said the case names the Hindu leader, arrested on a charge of sedition, as the prime accused, along with 164 identified individuals and 400 to 500 unidentified people. The complaint was filed by Enamul Haque, a businessman and activist of Hefazat-e-Islam Bangladesh, in the court of Chittagong Metropolitan Magistrate Md Abu Bakar Siddique. Haque in his complaint alleged that he was attacked by followers of Chinmoy Krishna Das while returning home after completing land registry work at the court on November 26.

Lando Norris won the final race of the F1 season at Abu Dhabi on Sunday to secure the team's first Formula One constructors' title since 1998 after teammate Oscar Piastri collided with Max Verstappen on the opening lap and finished 10th. Ferrari's Carlos Sainz and Charles Leclerc finished second and third. They were the only team that could have beaten McLaren to the championship.

cold wave starting December 9. The India Meteorological Department (IMD) has confirmed that temperatures will drop across the region, with Delhi’s minimum temperature expected to fall to around 3°C by December 10, down from its current 7°C. According to IMD scientist Naresh Kumar, temperatures in Delhi-NCR will start to decrease after December 9. "Western disturbance persists over central Pakistan and its surrounding areas… Light to moderate rain is expected in the Himalayas today and tomorrow. Light rain is expected in Punjab, Haryana, and Delhi," Kumar told ANI.

Myntra posted a net profit in FY24 from a net loss a year ago. This turnaround was driven by increased revenue and a reduction in overall expenses. The Bengaluru-based company reported a net profit of Rs 31 crore for fiscal year 2024, a significant improvement from the net loss of Rs 782 crore in the previous year. Operating revenue grew by 15% to Rs 5,122 crore from Rs 4,465 crore, per regulatory filings. Myntra, which entered quick commerce last week, has been working on reducing the cost of returns which has played a key role in reducing losses. Returns represent a significant expense for fashion businesses, where return rates typically range from 30-40%. The company has been discouraging returns by offering discounts and other benefits.

Hyderabad by the Delhi police on Saturday for forcing several youngsters from India to commit cyber crimes through fake call centres on the promise of getting them jobs abroad after a 2,500-km chase. The accused, Kamran Haider alias Zaidi, carried a reward of Rs 2 lakh on his information by the National Investigation Agency (NIA). Zaida, along with his associates, trafficked vulnerable young Indian men to the Golden Triangle Region in Southeast Asia, where the borders of Thailand, Laos and Myanmar meet, and force them to work in Chinese companies. Then, their passports would be taken away and they would be forced into cyber crimes.

Donald Trump said in an interview aired on Sunday he will not try to replace Federal Reserve Chair Jerome Powell upon taking office in January. «No, I don't think so,» Trump said in an interview on NBC News' «Meet the Press with Kristen Welker.» He told Welker when asked if he would seek to replace Powell, who he has sparred with in the past over interest rate levels, «I think if I told him to, he would. But if I asked him to, he probably wouldn't.»