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Union Budget 2025 approaches, leading experts are calling for a significant increase in infrastructure spending to catalyse India's economic growth. The government is urged to go for an 30% annual rise in infrastructure allocations, with demands for the upcoming budget to push capital expenditure to ₹18 lakh crore from last year’s ₹11.1 lakh crore base. Annual increase in capital expenditure is crucial to reversing GDP slowdown and achieving the nation's ambitious economic goals. A robust budget allocation and proactive private-sector participation will be pivotal in ensuring sustainable and inclusive growth.

edible oil import rose 38.5 per cent to 15.9 lakh tonne in November mainly due to sharp jump in shipments of crude sunflower oil and crude soyabean oil, according to industry data. On Thursday, Solvent Extractors' Association of India (SEA) released the data of import of vegetable oil (edible and non-edible ) for November. As per the data, import of vegetable oils during November, the first month of the 2024-25 oil marketing year, rose 40 per cent to 16,27,642 tonne compared to 11,60,590 tonne a year ago. Out of total vegetable oil import, India imported 15,90,301 tonne of edible oil in November as against 11,48,092 tonne in the same month last year. Import of non-edible oils increased to 37,341 tonne compared to 12,498 tonne in November 2023.

Prashant Mehta as Managing Director to lead its Global Delivery Centre (GDC). Mehta will focus on accelerating the GDC’s global growth, with a significant concentration of talent based in India. The specialist capability hub, accessible to all WPP agency teams worldwide, will be headquartered in India. This follows the recent opening of a new campus in Chennai, WPP’s third in the country after Mumbai and Gurugram. India, a top-10 growth market for WPP and a hub of technological innovation and creativity, is pivotal to the GDC’s strategic expansion. Leveraging an existing workforce of 11,000 in the country, the GDC enhances WPP’s presence by capitalising on India’s resources and specialist expertise.

season's first snowfall, while higher reaches experienced moderate rainfall, officials said on Thursday, adding that the minimum temperature has improved across most places in the valley. The plains of Shopian, Pulwama, and Baramulla, as well as the upper areas of Anantnag, Budgam, and Bandipora received light snowfall. However, there was no snowfall in Srinagar, the summer capital of Jammu and Kashmir. The higher reaches of the valley, including the tourist resorts of Gulmarg, Sonamarg, Tangmarg, Gurez and the Zojila Pass, saw light to moderate snowfall. Due to accumulation of snow along the Zojila Pass, the Srinagar-Leh highway was closed for traffic, while the Bandipora-Gurez road and Mughal Road were also shut, officials said.

The Active Investor Plus Visa that historically lured rich individuals to New Zealand and raked in an average NZ$1 billion ($580 million) a year has languished after rule changes in 2022. Just 35 applications have been fully approved in the past two years, equating to NZ$352 million of nominated investment funds, according to data from Immigration New Zealand. ALSO READ: 7 reasons to pick New Zealand as Australia tightens rules for international students

FTA) with the European Union (EU) during an interaction with Ambassadors from the European Commission delegation and member states. According to the Ministry of Commerce and Industry, the meeting, attended by representatives from Austria, Belgium, Bulgaria, and several other EU nations, along with senior Indian officials, emphasized the growing trade and economic partnership between India and the EU. Highlighting the progress in the FTA negotiations, Goyal acknowledged the need for political guidance to finalize a commercially meaningful agreement that respects the sensitivities of both parties.

Indian Hotels Company Ltd. traded 0.01 per cent in Thursday's session at 11:05AM (IST). The stock opened at Rs 836.75 and has touched an intraday high and low of Rs 843.50 and Rs 834.35, respectively, during the session so far. The stock quoted a 52-week high of Rs 846.00 and a 52-week low of 416.15. About 30,850 shares changed hands on the counter so far.

Avenue Supermarts Ltd. traded at Rs 3701.55 on BSE at 11:16AM (IST) on Thursday, 0.21 per cent from previous close. The stock quoted a 52-week low price of Rs 3567.35 and a high of Rs 5484.00.

HDFC Asset Management Company Ltd. 0.26 per cent to Rs 4554.90 in Thursday's trade as of 11:00AM (IST). The stock hit a high price of Rs 4579.80 and low of Rs 4524.45 during the session.

Finance Ministry announced on Thursday a significant improvement in the issuance of tax refunds for the financial year 2024-25. Between April 1 and November 27 this year refunds amounting to Rs 3.08 lakh crore were issued, marking a 46.31 per cent increase compared to the same period in 2023. It also stated that at its peak this year the Income Tax Return portal handled more than 900 filings in a second and nearly 70 lakh ITRs (Income Tax Returns) in a day. This year more than 1.62 crore ITRs were processed in a single day for A.Y. 2024-25.

On the BSE, The Phosphate Co.(down 14.94 per cent), AMIC Forging(down 10.00 per cent), Gconnect Logitech(down 10.00 per cent), Chemo Pharma(down 9.78 per cent) and EP Biocomposites(down 9.20 per cent) were among the stocks that plunged over 5 per cent during the session.

autonomous driving technologies, Bloomberg News reported on Wednesday. Over the past couple of years, it has expanded in the country to now have close to 600 people in Beijing, and it recently opened a new office in the Zhongguancun tech hub, the report said, citing people familiar with the matter. The artificial intelligence chipmaker employed about 29,600 people in 36 countries at the end of fiscal year 2024, according to a filing published by Nvidia in February.

Subscribe to enjoy similar stories. During Donald Trump ’s first administration, China learned that it couldn’t match the much larger U.S. economy’s tit-for-tat when it came to tariffs, and quickly found other ways to try to inflict pain—often by borrowing from his playbook.

While ruling out suicide, officials said, “in the state he was in, he did not know what he was doing and could not understand it.” The 31-year-old One Direction star was at the CasaSur Palermo Hotel in Buenos Aires. Investigators believe Payne was in a state of “semi- or total unconsciousness” during the fall. He did not appear to try to protect himself, according to the report from the National Criminal and Correctional Prosecutor’s Office released November 7.

Atul Subhash, a 34-year-old techie from Bengaluru, took his life, leaving behind an 80-minute video and a 24-page note that have since gone viral. Subhash alleged harassment by his wife, her family, and a judge in Uttar Pradesh. He expressed frustration with the system, claiming his earnings were being exploited to fund legal action against him. In his video, Subhash said, “The money I earn is making my enemies stronger. With money from my taxes, this court and police system will harass me.” He left a placard near his body with the message, “Justice is due,” symbolising his belief that his grievances had gone unheard. In his note, Subhash also requested that his wife and her family be excluded from his final rites, further emphasising the depth of his pain and anger.

mutual fund inflows fell 14% last month, midcap and smallcap funds registered a growth of 4% and 9%, respectively, in November. Both the categories are now outperforming largecaps this month. The mid cap funds in November received an inflow of Rs 4,883 crore and contributed around 13% to the total inflows of Rs 35,943 crore in equity mutual funds. The category received an inflow of Rs 4,682 crore in October. In FY25 so far, the mid cap funds have received an inflow of Rs 24,322 crore. Also Read | Debt MFs inflows decline 92% in November. Will it regain attraction?

Grasim Industries shares will remain in focus on Thursday after the company approved the issuance of non-convertible debentures worth up to Rs 2,000 crore in one or more tranches, according to an exchange filing. The flagship company of the Aditya Birla Group will issue the NCDs on a private placement basis. The decision was made by the firm's finance committee of the board of directors in a meeting on Wednesday, it said.

Rebel Foods, a startup that specializes in online-only restaurants, unveiled a $210 million funding round, ahead of an initial public offering the company is seeking to pull off by 2026. Singapore’s Temasek Holdings Pte led the fundraising, while Evolvence, an existing investor, will also participate, the company said in a statement. The Series G round includes the sale of new and existing stock, allowing current shareholders to sell some of their holdings. The Mumbai-based company is now valued at $1.4 billion.

Trump courted crypto campaign dollars with promises to be a «crypto president» and end the Biden administration's crackdown on the sector, but banks are nevertheless unlikely to rush head-first into the volatile asset, bankers said.

Foreign exchange markets moved on the news, with the yuan falling about 0.3% to 7.2803 per dollar and China-sensitive currencies such as the South Korean won and New Zealand dollar slipping.