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N. Biren Singh on Thursday said that bringing a solution to the ongoing ethnic strife in the state would take time as the situation has become chronic and fragile. Speaking at a function organised to commemorate the iconic Nupee Lal Numit (women’s war day), the Chief Minister terming the ongoing ethnic hostilities as “unprecedented” said that the state and Central governments had been putting all efforts to bring a permanent solution to the crisis. “However, bringing a solution would take time as the situation had become chronic and fragile,” he observed.

Chinese leaders have wrapped up a two-day planning meeting in Beijing with pledges to take a more proactive approach in pepping up the economy, but gave no details on stimulus measures

The Amaravati Inclusive and Sustainable Capital City Development Program is designed to transform Amaravati into a growth hub for the region, enhancing economic prospects, providing job opportunities, and improving living conditions of the residents, it said. Public investments will focus on key infrastructure development, including trunk infrastructure, government complex, and neighbourhood infrastructure benefiting farmers who are the stakeholders under the land pooling schemes, it said.

Donald Trump is all set to take charge as the 47th President of the United States. The swearing-in ceremony will be held on January 20. High-profiled guests are expected to attend the event. The Kremlin said on Thursday that Russian President Vladimir Putin had not received an invitation to attend the January 20 inauguration of the U.S. President-elect Donald Trump. CBS, citing multiple unidentified sources, said that Trump had invited Chinese President Xi Jinping to attend. Meanwhile, President-elect Trump, who has both derided Time magazine and pined for its approval, was named the publication's person of the year on Thursday.

draft red herring prospectus (DRHP) with the capital markets regulator Securities and Exchange Board of India (Sebi) for its initial public offering (IPO), through which it is looking to raise Rs 1,000 crore in fresh capital. The IPO also includes an offer-for-sale (OFS) component through which investors such as Accel, Saama Capital, Kalaari Capital, and Hero Group’s Sunil Kant Munjal are looking to divest a total of 24 million shares. ET was the first to report on December 6 about Bluestone’s board approving the company’s plan to go public and raise Rs 1,000 crore through the process.

European Central Bank has cut rates by a quarter percentage point amid signs of weakening growth and concern about the impact of political chaos in France and the possibility of new U.S. import tariffs. The bank's rate-setting committee made the decision on Thursday at its skyscraper headquarters in Frankfurt to lower the benchmark from 3.25% to 3%.

simultaneous elections, which were accepted by the Cabinet in September. The top 10 recommendations on simultaneous polls made by the high-level panel on «one nation, one election» are: 1. The government must develop a legally-tenable mechanism in order to restore the cycle of simultaneous elections.

«The Union Cabinet has cleared the Bill on One Nation One Election. The views of the Indian National Congress on this subject had been forcefully articulated by its President Mallikarjun Kharge ji on January 17, 2024. Nothing has happened since then to modify them,» said Congress general secretary in-charge communications Jairam Ramesh. Kharge, in a letter to the secretary of the high-level committee on 'one nation, one election' on January 17, 2024, had said, «The Indian National Congress is strongly opposed to the very idea of 'One Nation, One Election'.»

Trump's children's US citizenship would most likely not be impacted by his birthright proposal. As part of his strict measures to reduce illegal immigration, President-elect Donald Trump has suggested abolishing birthright citizenship. Nevertheless, it is untrue to say that his children with immigrants Ivana and Melania Trump would not be granted citizenship under this proposed amendment; all of them were born in the US, and even if they hadn't, their father would have granted them citizenship, as quoted in a report by AFP. On December 8, 2024, an X post with tens of thousands of interactions states, Trump’s plan to end birthright citizenship would mean 4 of his children wouldn’t be considered US citizens.

US Department of State has announced a significant update to the Exchange Visitor Skills List, effective December 9, 2024, eliminating the two-year home residency requirement for J-1 visa holders from 34 additional countries, including India, China, South Korea, Saudi Arabia, and the UAE. However, the update does not apply to J-1 holders bound by government funding or participation in graduate medical education programs, which continue to have restrictions. This marks the first major revision of the list in 15 years and aims to enhance opportunities for global talent retention in the United States.

Arvind Panagariya said on Thursday. He also cautioned that one has to be careful about investments from potentially «unfriendly countries» that might damage the interest of the nation. However, developed countries are accepting investments from China in any particular sector, India can also welcome such investments. «If the US is taking investment from China, if Germany is taking, I would (be) open to their investment. The activities from which you want to exclude are relatively few because I don't see other countries restricting Chinese investment in large number of sectors,» Panagariya said at the CII Global Economic Policy Forum 2024.

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Sanjay Dasari, cofounder of agritech startup WayCool, which focuses on agriculture supply chain and branded farm and food products, has stepped down after nearly a decade with the company. He will, however, continue in an advisory role. “After 9.5 incredible years building WayCool, it’s time for me to take the final step in the founder’s journey—an exit,” he said in a LinkedIn post on Wednesday. “I’ll still be involved with WayCool in an advisory role, supporting strategic projects and fundraising efforts, but I'm stepping back from the day-to-day (sic) of the company I founded and the only job I've ever known,” he added.

Fund (AIF), the ASK Index Plus Fund, which requires a minimum investment of Rs 1 crore. The fund is ASK Hedge Solutions' second offering under the Category III Alternative Investment Fund (AIF) structure. ASK Index Plus Fund is aimed at high-net-worth individuals (HNIs) seeking innovative portfolio management solutions, the company said in a press release.

Indian Sellers Collective, an umbrella body of trade associations and sellers across the country, has urged the finance minister and the GST Council not to accept some of GST rate rationalisation suggestions, including the proposal for inclusion of a special rate of 35 per cent on some products. The sellers body is of the view that a fifth GST slab of 35 per cent on demerit goods such as aerated beverages, cigarettes and tobacco, and pricing-based rate structure will materially and fundamentally alter the country's GST framework with devastating outcomes. These recommendations violate both the letter and the spirit that it will be a 'good and simple tax', Indian Sellers Collective said in a statement on Thursday ahead of the 55th GST Council meeting to be held on December 21, 2024 at Jaisalmer, Rajasthan. «On the contrary, it will hurt the profit margins of the retailers, lead to compliance nightmares and fuel a parallel economy. This move will primarily benefit Chinese producers who dominate the market of cheap products at the cost of Indian producers,» it said.

Elon Musk. A day after Musk became the first person to surpass $400 billion net worth, Tesla's stock price reached $420 on Wednesday afternoon which prompted responses from social media users and the company's CEO, Elon Musk. «As foretold in the prophecy,» Musk wrote in an X post that included a screenshot of the stock. Tesla stock has reached the threshold previously, but today marked the first time the share price crossed the $420 threshold since the stock split in August 2022.

Prince William and Kate Middleton are preparing to become King and Queen, according to royal biographer Sally Bedell Smith. This preparation has intensified due to King Charles' health challenges. Kate Middleton recently hosted her fourth annual «Together at Christmas» service at Westminster Abbey on December 6. This marked a significant return to public life following a period of chemotherapy treatment, which concluded in September. Her husband, Prince William, and their three children, Prince George, Princess Charlotte, and Prince Louis, also attended the service. During Kate's treatment, Prince William reduced his official duties to support his family. King Charles also scaled back his commitments due to his own cancer diagnosis. This led Prince William to represent the royal family at several events, including the reopening of Notre Dame Cathedral in Paris. King Charles has since announced he is cancer-free.

MobiKwik, a leading player in India’s fintech space, has launched its ₹572 crore IPO. With 15 years of innovation in digital payments and financial product distribution, it has become a trusted name for users in tier 2 and tier 3 cities. In an exclusive interview, ETMarkets spoke to Upasana Taku (Chairperson & CFO) and Bipin Preet Singh (MD & CEO) about MobiKwik’s journey, competitive edge, financials, and future plans. Excerpts: With an issue size of over ₹570 crore, MobiKwik's IPO seems significant. Could you briefly take us through the journey of the company and its business model? Bipin Preet Singh: MobiKwik is a fintech company that began 15 years ago as a digital wallet. Our primary business revolves around payments, making us India’s largest digital wallet with over 160 million users and 4 million merchants. The app facilitates bill payments, money transfers, online shopping, and QR-based transactions.

Ambuja Cements Ltd. 1.08 per cent to Rs 572.00 in Thursday's trade as of 01:58PM (IST). The stock hit a high price of Rs 579.35 and low of Rs 570.10 during the session. The return on equity (ROE) for the stock stood at 9.24 per cent. Traded volume on the counter stood at 01:58PM shares and turnover at Rs 2.72 crore around that time. The stock of Ambuja Cements Ltd. quoted a 52-week high price of Rs 706.85 and 52-week low prices of Rs 452.90, respectively.

Bharat Forge Ltd. traded 1.54 per cent at Rs 1358.00 at 02:04PM (IST) on Thursday, even as BSE benchmark Sensex 248.59 points to 81277.55. The stock had closed at Rs 1379.35 in the previous session. The stock quoted a 52-week high price of Rs 1826.20 and 52-week low of Rs 1063.40, respectively. As per BSE data, total traded volume on the counter till 02:04PM (IST) stood at 5536 shares with a turnover of Rs 0.76 crore.

PI Industries Ltd. 1.46 per cent to Rs 4043.70 in Thursday's trade as of 02:08PM (IST) even as the benchmark Nifty ruled at 24556.65, 85.15 points. The scrip had closed at Rs 4104.00 in the previous session. The stock quoted a 52-week low of Rs 3060.00 and a high of Rs 4801.40. The company quoted a market-cap of Rs 61231.92 crore on the BSE.