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Justin Trudeau about the best path forward for Canada. Freeland quit just hours before she was due to present a fall economic update to parliament, a document widely expected to show the Liberal government had run up a much larger 2023/24 budget deficit than planned. «For the last number of weeks, you and I have found ourselves at odds over the best path forward for Canada,» Freeland said in a letter to Trudeau posted on X.

HDFC Bank on Monday said that it received an administrative warning from Sebi over non-compliance with certain provisions of the regulator. This is the second warning letter from Sebi the bank has received in nearly a week. Earlier, Sebi had sent out a warning letter to HDFC Bank over observations made during the course of its periodic inspection of investment banking activities undertaken by the Bank.

Subscribe to enjoy similar stories. Bengaluru: When Pune-based Persistent Systems crossed the $1 billion revenue mark in FY23, a tech services leader asked founder Anand Deshpande how the company, which was formed in 1990, had finally gone past the landmark figure. An industry veteran recounted to Mint that Deshpande smiled when the question was posed, then responded saying, “Credit goes to our team." That team, under chief executive officer (CEO) Sandeep Kalra, who had joined Persistent in May 2019, put the technology services and solutions company on the path to rapid growth, increasing revenue from $501 million in 2020 to $1.18 billion in FY24.

Godavari Biorefineries on Monday announced a Rs 130-crore investment to enhance ethanol production. The investment will be in a corn/grain-based distillery to further strengthen its ethanol production capabilities, the company said in a statement. The Rs 130 crore investment will be done in a new 200 KLPD corn/grain-based distillery to add to its existing operations, enhancing flexibility through dual-feedstock capability, it said. The new facility will be commissioned by March 2026, the statement said, adding that the capital expenditure will be financed through internal accruals and debt.

Kursk border region. The North Korean casualties occurred around three villages in Kursk, where Russia has for four months been trying to quash a Ukrainian incursion, the agency, known by its acronym GUR, said in a public post on the Telegram messaging app. At least three North Korean servicemen went missing around another Kursk village, GUR said.

Magenta Mobility on Monday said it plans to add 10,000 electric vehicles — both three and four-wheelers — over the next financial year and is also looking at expanding into new cities such as Nashik, Nagpur, Vijayawada, Indore and Kolkata, among others. The company also said that after establishing a strong presence in the electric three-wheeler space, it is now aggressively expanding into the four-wheeler category. With a fleet exceeding 500 electric cargo four-wheelers, Magenta Mobility is transforming urban and intercity logistics, it said. Building on its leadership in the three-wheeler EV segment, where it serves major clients in the e-commerce space, Magenta Mobility is now aggressively expanding into the four-wheeler category, the company said.

Therefore, any comprehensive regulatory framework on the subject can be effective only with significant international collaborations on evaluation of the risks and benefits and evaluation of common taxonomy and standards, Minister of State for Finance Pakaj Chaudhary said in a written reply in the Lok Sabha. Further, he said, the need to balance investor protection and innovation must be assessed in light of the broader objective of protecting the Indian economy from the risks posed by the VDA sector while maintaining the financial and monetary stability of the economy.

Army's northern command Monday organised wreath-laying ceremonies at various places in Jammu and Kashmir, and Ladakh to celebrate Vijay Diwas, which marks India's victory over Pakistan in the 1971 war that led to the birth of Bangladesh as an independent nation. The Udhampur-based Northern Command commemorated the occasion with a wreath-laying ceremony led by its General Officer Commanding-in-Chief Lt Gen M V Suchindra Kumar at the Dhruva War Memorial, the Army said. «He (Lt Gen Kumar) interacted with veterans who continue to inspire us through their legacy of courage and dedication,» the Northern Command said in a post on X. The Jammu-based Tiger Division also celebrated the day at the 'Balidan Stambh', a war memorial, here.

Indian commercial banks wrote off ₹12.3 lakh crore in loans between the 2014-15 and 2023-24 financial years, according to government data presented in Parliament. Public sector banks accounted for ₹6.5 lakh crore of these write-offs in the last five years (FY20-24), a ToI report said on December 16. Write-offs peaked at ₹2.4 lakh crore in FY19 following an asset quality review. They dropped to ₹1.7 lakh crore in FY24, representing 1% of the total outstanding bank credit. Public sector banks hold a 51% share of new loans, down from 54% in FY23. As of September 30, 2024, gross non-performing assets (NPAs) for public sector banks were ₹3,16,331 crore (3.01% of outstanding loans), and ₹1,34,339 crore (1.86% of outstanding loans) for private sector banks. State Bank of India wrote off ₹2 lakh crore during the ten-year period, while Punjab National Bank wrote off ₹94,702 crore. Public sector banks wrote off ₹42,000 crore in the first half of the current fiscal year.

luxury brands are increasingly eyeing India as a key market for their expansion, tapping into the country's growing appetite for premium products. As wealth rises and aspirations soar, India is emerging as a critical battleground for luxury retailers, a trend that has only accelerated since the pandemic. One of the most significant shifts in the luxury landscape is the influx of global brands aiming to diversify their markets. With China facing an economic slowdown, luxury giants are now looking beyond their traditional markets, and India is quickly becoming one of their top choices. «India is one of our fastest growing markets though our presence is currently concentrated in Delhi and Mumbai. Over the next decade, we anticipate India to become one of the most promising markets for the luxury industry, particularly for fine watches,» Jean-Marc Pontroue, CEO of Panerai, told ToI.

Subscribe to enjoy similar stories. The Securities and Exchange Board of India (Sebi) has introduced a landmark proposal to bring retail investors into the realm of algorithmic (algo) trading—a domain traditionally dominated by institutional players. With advantages such as faster trade execution, enhanced risk management, and cost efficiency, algo trading has the potential to transform retail participation in India’s capital markets.

Subscribe to enjoy similar stories. MobiKwik’s initial public offering (IPO) subscription is complete, and it’s all set to make its market debut soon. But there’s something different about this IPO that’s got everyone talking.

Bajaj Holdings & Investment Ltd. traded at Rs 11113.65 on BSE at 11:46AM (IST) on Monday, 0.19 per cent from previous close. The stock quoted a 52-week low price of Rs 7631.10 and a high of Rs 11515.10.

Bank of Baroda 0.07 per cent to Rs 258.05 in Monday's trade as of 11:51AM (IST). The stock hit a high price of Rs 259.70 and low of Rs 255.75 during the session. The return on equity (ROE) for the stock stood at 15.67 per cent. Traded volume on the counter stood at 11:51AM shares and turnover at Rs 5.69 crore around that time. The stock of Bank of Baroda quoted a 52-week high price of Rs 298.45 and 52-week low prices of Rs 214.85, respectively.

Ben eventually sold his business for a whopping $1.8 million on Flippa.com. How? Unlike brick-and-mortar businesses, online businesses are harder to sell. The problems online business owners such as Ben face are multi-faceted. How did Ben arrive at such a valuation for his business? How did he connect to a prospective pool of buyers? How did he handle the marketing? How did he access domain experts and arrive at an informed decision? How should entrepreneurs such as Ben manage their exit strategies more effectively to maximise value for themselves and other stakeholders? These are all questions Ben had to consider before proceeding with the sale. For online businesses, it becomes difficult to address these issues. This is where Flippa—an online platform that connects owners of online businesses to potential buyers—comes in. Flippa provides sellers with an artificial intelligence (AI) matching engine that precisely tackles the problems online business owners face while trying to sell their enterprises. Flippa gives accurate valuations using the latest machine learning (ML) algorithms in as little as 30 minutes. Additionally, Flippa provides access to thousands of buyers and what's more their AI recommendation engine matches sellers such as Ben to a highly targeted set of buyers, which reduces the time he would otherwise spend finding the potential buyer.

initial public offering (IPO) of which will open for subscription on December 19, has fixed a price band of Rs 269-283. The issue will be available for subscription till December 23. At the upper end of the price band, the total IPO size stands at Rs 840.25 crore and bids can be made for a minimum of 53 equity shares and in multiples of 53 equity shares thereafter.

Siemens Ltd. traded 1.12 per cent in Monday's trade at 10:45AM (IST). Around 2,326 shares changed hands on the counter. The scrip opened at Rs 7895.50 and touched an intraday high and low of Rs 8026.00 and Rs 7893.75, respectively, in the session so far. The stock of Siemens Ltd. quoted a 52-week high of Rs 8129.95 and a 52-week low of Rs 3817.00.

Voltas Ltd. traded 0.57 per cent at Rs 1820.15 at 10:55AM (IST) on Monday, even as BSE benchmark Sensex 338.44 points to 81794.68. The scrip had settled at Rs 1809.80 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 1946.20 and Rs 849.75, respectively.

Kane Williamson registered his 33rd Test century in the third Test against England at Hamilton, New Zealand on Monday. The modern-day great scored 156 runs before being dismissed by spinner Shoaib Bashir. His innings included 20 fours. The hosts have extended their lead past 600 on a rain-affected third day.

Info Edge (India) Ltd. 1.1 per cent to Rs 8799.55 in Monday's trade as of 10:50AM (IST). The stock hit a high price of Rs 8825.10 and low of Rs 8684.80 during the session. The return on equity (ROE) for the stock stood at 1.91 per cent. Traded volume on the counter stood at 10:50AM shares and turnover at Rs 1.54 crore around that time. The stock of Info Edge (India) Ltd. quoted a 52-week high price of Rs 8825.10 and 52-week low prices of Rs 4843.10, respectively.

Sajjan Kumar. Special Judge Kaveri Baweja, who was scheduled to pass the order on Monday, deferred the pronouncement. «January 8 is the next date,» the judge said. Kumar, who is currently lodged in Tihar central jail, appeared before the court through video conference.