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Nitin Gadkari stated. The Indian automobile industry's market size is approximately Rs22 lakh crore. China leads with Rs47 lakh crore, followed by the US at Rs78 lakh crore. Speaking at the 'Times Green Drive Conclave and Awards 2024,' the minister highlighted India's potential and growth. India is currently the fastest-growing major economy in the world.

The private debt fund has received an initial £750m of investment from Aviva's My Future Focus default pensions solution, which invests in a range of asset classes on behalf of the firm's defined contribution (DC) default strategies. Schroders gains FCA approval for launch of first 'retail' LTAF aimed at wealth market Aviva Investors said the LTAF, which is also open for allocations from external investors, could appeal to DC pension funds looking to diversify returns from traditional asset classes such as public equity and fixed income, as well as wider private market allocations and...

A senior official in President Joe Biden’s administration who oversaw its contentious efforts to address climate change by curbing drilling and mining on federal lands has been named the next president of a prominent environmental group

To clarify the taxpayers doubt, the income tax department has released the FAQs on PAN 2.0 project. The FAQs are released by the PIB on November 26, 2024. One of the FAQs talk about taxpayers having more than one PAN, how they can identify and get it cancelled to avoid any penal consequences. Income tax dept issues FAQs on PAN 2.0 project: Check details about applying for new PAN, change PAN number

stocks rallied as much as 15% in Mumbai trading on Wednesday even as equity benchmarks, BSE Sensex and NSE Nifty, traded in the amid brisk in frontline bluechip counters. Stocks that surged in excess of 15% included, Indo Cotspin(20.00%), Chennai Multi(19.99%), Ola Electric Mobilit(19.99%), Adani Gas(19.76%), Adani Power(19.65%), Thirani Projects(18.58%), Ellora Trading Ltd.(18.33%), Xpro India(17.33%) and Shaily Engg Plastics(16.35%).

Subscribe to enjoy similar stories. The idea of planning for retirement at a young age may seem unconventional to many. However, there is significant merit in starting early.

Combining profitability and scalability, Meghna Agarwal challenges traditional norms, steering IndiQube towards innovative solutions in workspace design, technology, and employee-centric services.

Subscribe to enjoy similar stories. MUMBAI : After correcting nearly 11% from their all-time highs, Indian indices are again witnessing a rally, making investors reassess the best course of action. With overheated markets, the challenge of balancing risk and returns has become more pronounced.

NTPC Green Energy's market capitalisation breached the Rs 1 lakh crore mark on Wednesday as the stock shot up 10% following a lacklustre listing. NTPC's renewable energy arm was listed at Rs 111.50 on the NSE, a 3.2% premium over the issue price of Rs 108. The stock generated considerable interest on its opening day with over 26 crore shares changing hands around 1:15 pm.

Marico Ltd. traded 2.68 per cent at Rs 645.45 at 02:01PM (IST) on Wednesday, even as BSE benchmark Sensex 333.4 points to 80337.46. The stock had settled at Rs 628.55 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 719.80 and Rs 486.75, respectively.

But there could be exceptions to this under the new Telecommunications Act to serve public interest, or to perform government function or where auction of spectrum is not the preferred mode of assignment due to technical or economic reasons, minister of state for communications Pemmasani Chandra Sekhar said Wednesday in a written reply in the Lok Sabha. Towards this, the telecom department has sent a reference to the telecom regulator for recommendations on the terms and conditions of spectrum assignment, including spectrum pricing, for licensees who want to provide satcom services, while factoring in a level playing field with terrestrial access services, the minister said.

Federal Bank Ltd. traded 0.18 per cent at Rs 213.15 at 02:08PM (IST) on Wednesday, even as BSE benchmark Sensex 382.97 points to 80387.03. The scrip had settled at Rs 213.55 in the previous session. The stock quoted a 52-week high price of Rs 214.40 and 52-week low of Rs 139.45, respectively. As per BSE data, total traded volume on the counter till 02:08PM (IST) stood at 151412 shares with a turnover of Rs 3.21 crore.

Indian companies, as 91 per cent companies are planning to reduce their tax and finance budgets, reflecting the impact of financial strain on corporate operations, said a EY report. The survey by the professional services firm highlights that cost pressures are the top concern of the companies for the first time, with inflation and cost-cutting eroding tax and finance budgets. At the same time, the survey highlights that tax functions face an increasing urgency to manage more complex and data-heavy tax responsibilities. New reporting requirements like BEPS 2.0's Pillar Two rules, are expected to have a significant bearing on the burden of tax and finance functions, it added.

Maharashtra state has decided to extend the deadline for filing of audited accounts by specified trusts who are registered under the Maharashtra Public Trust Act (earlier known as Bombay Public Trust Act). The deadline has been extended to December 31, 2024, for FY 2023-24. The state government announced the extension in a circular dated November 26, 2024. In Maharashtra, trusts are required to file audited statements of accounts with the assistant charity commissioner's office if their annual income exceeds a specified limit. Once the accounts are prepared, they need to be audited by a chartered accountant. It can be uploaded/ filed on the charity.maharashtra.gov.in website only after this auditing is complete.

Google has appointed former Apple India executive Mitul Shah as the managing director for its devices and services business in India, as the tech giant intensifies its focus on scaling its Pixel smartphone sales in the country. In his new role, Shah will lead Pixel's sales and expansion strategies across India. Prior to this he served as the head of consumer sales for Apple in India. In a LinkedIn post on November 27, Shah wrote, «To everyone who has asked me in the last few weeks, why 'switch' from Apple? This is not a switch. This is a continuation of the mission of putting the world's best technology in the hands of fellow countrymen and women.»

Bank of Baroda 0.24 per cent to Rs 248.00 in Wednesday's trade as of 01:42PM (IST). The stock hit a high price of Rs 249.75 and low of Rs 244.65 during the session. The return on equity (ROE) for the stock stood at 15.67 per cent. Traded volume on the counter stood at 01:42PM shares and turnover at Rs 6.59 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 193.00, respectively.

Turkey follows behind in second place. Mine production in 2023 stood at 36.5 tonnes, which is six times lower than the demand of 201.6 tonnes. Gold demand in Turkey has also been rising, going from 1.13 grams per person in 2021 to 1.43 grams in 2022 and 2.34 grams in 2023. Rounding out the top three is China. With a population of over 1.4 billion, the country has a yearly gold demand of 909.7 tonnes. Although the mine production figure is the highest seen in all 10 countries, it still falls short of the demand by two times.

Ambuja Cements Ltd. traded 3.0 per cent at Rs 508.30 at 11:40AM (IST) on Wednesday, even as BSE benchmark Sensex 31.88 points to 80035.94. The stock had settled at Rs 493.45 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 706.85 and Rs 415.65, respectively.

ICRA. This marks a notable adjustment from the earlier projection of 7-8% growth made in July 2024. The revision reflects a slower-than-expected recovery in construction activity across the housing and infrastructure sectors post-General Elections. The muted growth trend was evident in the first half of FY2025 (H1 FY2025), where cement volumes increased by only 2% YoY to 212 million MT. Election-related disruptions in Q1 FY2025 and heavy monsoon rains in Q2 FY2025 were significant contributors to this slowdown. However, the industry is optimistic about a stronger second half (H2 FY2025), driven by an anticipated boost in rural and urban housing demand, alongside a pick-up in infrastructure spending. “The operating performance of the cement companies to improve from Q3 FY2025 onwards, supported by the likely price hikes, uptick in cement volumes aided by increased Government spending on infrastructure projects, pick-up in construction activities, and stable input cost pressures – primarily pertaining to power and fuel,” said Tushar Bharambe, Assistant Vice President and Sector Head, Corporate Ratings, ICRA.

Prologis, the world's largest warehouse owner, formed a joint venture with RMZ, one of India’s top family-owned alternative asset owners, to build a warehousing and logistics park in Bengaluru. The facility at Hoskote, a key logistics hub in Bengaluru, will span 30 acres, and it will initially deliver 500,000 sq ft, targeting third-party logistics and industrial clients. Once completed in the next fiscal year, the facility will mark RMZ’s entry into the industrial and logistics (I&L) sector, complementing its diversified portfolio of premium office spaces under the RMZ NXT brand.

SRF Ltd. 0.86 per cent to Rs 2251.00 at 10:43AM (IST) in Wednesday's trade. The stock hit a high of Rs 2275.00 and low of Rs 2224.70 so far during the session. The stock had closed at Rs 2231.80 in the previous session. The counter had a total traded volume of 10:43AM shares so far with a turnover of Rs 0.31 crore on BSE. The stock traded at a price-to-earnings multiple of 59.20 and a price-to-book ratio of 6.63.