Strategy Financial News
25.10 / 07:15
markets
Target
Strategy
students
country
social
International
Canada's new immigration plan: Key numbers to know if you're planning the move
Canada's government has unveiled a new immigration plan for 2025–2027 aimed at balancing population growth with economic and social stability. Immigration Minister Marc Miller emphasized that while immigration is crucial for economic strength, the country must address pressures on housing, infrastructure, and social services. Below are the detailed changes and their implications. “Today’s announcement is the next step in our plan to address the evolving immigration needs of our country. While it’s clear our economy needs newcomers, we see the pressures facing our country, and we must adapt our policies accordingly," Miller said. «These changes will make immigration work for our country so that everyone has access to the quality jobs, homes and supports they need to thrive. We have listened to Canadians, and we will continue to protect the integrity of our system and grow our population responsibly,” he added.
25.10 / 06:07
markets
Digital
Strategy
RAI
Department
Courts
Former tax department superintendent, his wife arrested in disproportionate assets case
CBI court has convicted a retired superintendent of the Goods and Services Tax Department and his wife for accumulating unaccounted assets worth Rs 1.24 crore, which were disproportionate to the officer’s known sources of income. The case spans the period from 1994 to 2018. Prasiddh Dubey, 66, received a sentence of four years in prison, while his wife, Vimla Dubey, was sentenced to two years for her role in aiding and abetting him.
25.10 / 06:07
markets
Digital
Strategy
Experts
PAM
social
Courts
Delhi excise policy case: Amandeep Singh Dhall granted bail by Supreme Court
Supreme Court on Friday granted bail to businessman Amandeep Singh Dhall in corruption case linked to excise policy scam. With this, all accused in the Delhi excise policy case are out on bail. Dhall had moved the apex court challenging the high court's June 4 verdict which refused to grant him bail in the case.
25.10 / 05:23
markets
UPS
Strategy
Analysis
Food
Trade
Experts
Bikaji Foods shares surge 10% post Q2 results, profit after tax up by 14.7%
Bikaji Foods International surged by 10% to day’s high of Rs 918 on BSE post the results of Q2. The revenue from operation grew by 18.5% year-on-year to Rs 7,212 million with profit of 15% YoY. EBITDA grew by 21.7% on a yearly basis to Rs 686 million. The profit after tax also saw a notable jump of 14.7%. H1 FY25 reflected a similar strong performance with revenue growth of 18.6% and a volume growth of 15.5%.
24.10 / 22:15
24.10 / 19:49
markets
Target
Strategy
AMD
Justice
Courts
Intel scores fresh win against EU after top court backs annulment of billion-euro antitrust fine
Chipmaker Intel has won a fresh victory in a long-running battle against European Union competition watchdogs after the bloc’s top court confirmed a lower tribunal’s decision to overturn a billion-euro antitrust penalty
24.10 / 17:29
markets
Digital
Strategy
Trade
Experts
PAM
International
Standard operating procedure document for negotiating FTAs to be ready this year
standard operating procedure (SOP) document for negotiating free trade agreements (FTAs) is expected to be ready by the end of this year, an official said on Thursday. The official said that it is an internal document which aims to standardise the processes of negotiations of these pacts. The commerce ministry is formulating the document and it would seek «guidance» from higher authorities also on this for any changes if required. It has been circulated informally to 17 ministries, including agriculture, labour and environment, for their views as FTA negotiation is a multi-ministerial exercise.
24.10 / 17:29
markets
Digital
Strategy
ICE
Election
country
Schools
Are Biden and Harris shipping migrants to Arizona and Texas to hide border problem before U.S elections? Here's the truth
illegal immigration in the country, in accordance to some frustrated Border Patrol agents. According to New York Post, the administration has sincerely directed the Immigration and Customs Enforcement (ICE) for expediting deportations while busing and flying the immigrants from San Diego to border towns in Texas and Arizona as they experience fewer migrants. Eminent agents have noted that this certain strategy has appeared to be focused on optics rather than putting a focus on border security while they still continue to face a huge number of illegal border crossings. New York Post noted that although there are claims that illegal border crossing has been reduced following new asylum restrictions, but the San Diego sector still remains pretty overwhelmed while facilities over there are already working beyond their capacity. Also Read :Biggest fraud? Justin Bieber may sue business managers for squandering $300 million fortune
24.10 / 16:51
markets
Strategy
Trade
reports
Updates
abrdn shares plunge 8% as investors pull £3.1bn in third quarter
In its quarterly trading update today (24 October), the firm reported £3.5bn in net outflows from its investment arm, bringing the year-to-date total for the division to £4.5bn — a significant drop from the £13.5bn withdrawn by investors during the same period last year. The FTSE 250 asset manager said outflows were primarily driven by equities, which remain impacted by «challenging conditions» for flows in Asia and emerging markets, along with a shift towards passive and quantitative strategies. Investors pulled a net £2.4bn from the firm's equities strategies during the quarter, off...
24.10 / 16:07
markets
Digital
Ball
Strategy
Experts
PAM
bowling
Radha Yadav stars in India's 59-run win over NZ in first women's ODI
Radha Yadav, drove India to a comfortable 59-run victory over New Zealand in the first women's ODI here on Thursday. India now lead the three-match series 1-0, after bowling out the Kiwis for 168 who were chasing a gettable 228. Left-arm spinner Yadav (3/35) was India's lead act in bowling. Debutant pacer Saima Thakor inflicted the first blow in only the second ball of her international career, removing Suzie Bates (1). Bates feathered an away-swinger to Yastika Bhatia behind the stumps.
24.10 / 16:07
markets
Strategy
President
Experts
Universities
PAM
Schools
JNU professor Mazhar Asif appointed Jamia Millia Islamia vice chancellor
Droupadi Murmu on Thursday appointed Mazhar Asif as the vice chancellor of the Jamia Millia Islamia, according to Union Ministry of Education officials. Asif is currently a professor at Jawaharlal Nehru University's (JNU) School of Languages. «The president, in her capacity as the visitor of Jamia Millia Islamia, has appointed Professor Mazhar Asif, School of Languages, JNU, as the vice chancellor of Jamia for five years from the date on which he enters upon his office or until he attains the age of 70 years, whichever is earlier,» a ministry official said. Asif, a JNU alumnus, was a member of the drafting committee for the new National Education Policy, 2020.
24.10 / 16:07
markets
Art
security
Strategy
Analysis
Research
Trade
NTPC Q2 Results: Net profit grows 14% to Rs 5,380 crore
NTPC Limited on Thursday posted about 14 per cent rise in consolidated net profit to Rs 5,380.25 crore for the September quarter. Its net profit in the year-ago period stood at Rs 4,726.40 crore, a BSE filing said. The total income, however, fell to Rs 45,197.77 crore in the quarter from Rs 45,384.64 crore a year ago.
24.10 / 16:07
markets
Digital
security
Strategy
President
Experts
PAM
NBFC growth to be hit due to rising unsecured loan stress
Unsecured loans like micro finance, personal loans, credit cards and business loans will continue to be a source of stress for non bank financial companies (NBFCs) this fiscal year as borrowers’ repayment capacities are likely to be hit due to higher interest rates, rating agency ICRA said. This rising stress is expected to cause a slowdown growth in microfinance loans by 10% to 12%, and a 19% to 21% in other unsecured loans. The stress will also spill over to secured loans like small mortgages, vehicle loans and other small ticket loans, the rating agency said. High credit growth in the previous two years has potentially resulted in over leveraging in some assets, and a slower credit growth due to higher risk weights by the regulator, can damage the refinancing ability of some borrows.
24.10 / 16:07
markets
Citi
Strategy
trends
Experts
country
reports
Bengaluru leads as top job hub with 9.3 pc salary growth: Report
Bengaluru dominated as the country's top city for job opportunities and salary growth as it has registered a 9.3 per cent year-on-year increase, closely followed by Chennai and Delhi, a report said on Thursday. This growth underlines Bengaluru's reputation as a technology and business hub as the average monthly unified salary in the city stood at Rs 29,500, making it the highest-paying city in the country, according to TeamLease Services Jobs and Salaries Primer report for FY24. The report is based on an analysis of unified salaries across temporary and permanent hiring markets. This was closely followed by Chennai and Delhi, which reported strong salary growth of 7.5 per cent and 7.3 per cent, respectively, reflecting the competitive nature of these job markets, it noted.
24.10 / 11:33
markets
Citi
Platform
Strategy
Food
PAM
reports
Blinkit unveils EMI option for items above Rs 2,999
Blinkit, the quick-commerce arm of food delivery major Zomato, has introduced an option to purchase items on equated monthly instalments (EMI). “EMI options will be applicable on all orders above Rs 2,999 (except orders that contain gold and silver coins),” Blinkit chief executive Albinder Dhindsa wrote in a post on microblogging platform X. This is similar to ecommerce platforms, which have been offering EMI options for a while. The move is aimed at making purchases more affordable for consumers, driving higher spending, especially for big-ticket items.
24.10 / 11:33
markets
Digital
Strategy
NVIDIA
PAM
country
innovations
India will be fastest emerging global innovation hub: Mukesh Ambani
Reliance Industries chairman Mukesh Ambani said in a conversation with Nvidia chief executive officer (CEO) Jensen Huang. Speaking at the Nvidia AI Summit in Mumbai on Thursday, Ambani said India is now one of the top countries in digital infrastructure, alongside the US and China. “India now has the best digital connectivity infrastructure, apart from the US and China, with 4G, 5G, and broadband systems in the world,” he said.
24.10 / 11:33
markets
UPS
Strategy
Food
PAM
reports
40 lakh tonnes of rice on the move in Punjab: What's govt trying to fix?
paddy procurement in Punjab due to a shortage of storage space. Over the next three to four months, the Centre will move around 40 lakh tonnes of rice from the state to other rice-consuming regions, and plans are underway to create additional space for another 20 lakh tonnes, ToI reported. This move aims to ease the storage crunch and ensure smooth paddy procurement for farmers. The Food Corporation of India (FCI) will begin weekly transportation of rice stocks from Punjab to other states, helping free up space in the state’s warehouses. This decision follows a meeting between Union Food Minister Prahlad Joshi and Punjab Chief Minister Bhagwant Singh Mann, where Mann raised concerns about the lack of storage facilities. He highlighted how the shortage was affecting paddy procurement from mandis (local markets), leading to frustration among farmers. In response, Joshi assured that the Centre would act swiftly to move surplus stocks and ensure that the targeted 120 lakh tonnes of paddy from Punjab would be procured.
24.10 / 11:33
markets
UPS
Digital
Strategy
PAM
reports
Go Digit posts 3x jump in Q2 net profit; gross premium collected at Rs 2,368 crore
Go Digit General Insurance posted a net profit of Rs 89.4 crore for the July-September quarter, up 222% from Rs 27.7 crore a year earlier. The new-age general insurance company reported a gross written premium of Rs 2,368.5 crore in the September quarter, up 14% from Rs 2,073.8 crore a year back. In a filing with the stock exchanges, the Fairfax-backed insurance company said it has reappointed its founder Kamesh Goyal as the non-executive chairman for a period of five years from October 24, 2024, subject to insurance regulator IRDAI’s approval.
24.10 / 11:23
markets
Strategy
Boxing
film
performer
audience
Updates
Pushpa 3 major update shared by producers: What's next for Allu Arjun's action-drama franchise
Pushpa 2: The Rule on December 5, 2024, fans are eager to know what’s next. During a recent press conference, producers of the film hinted at a potential third part, confirming that discussions around Pushpa 3 have already begun.
24.10 / 11:23
markets
Man
Strategy
Death
Justice
reports
Courts
SC highlights misuse of dowry laws, acquits man in dowry death case
Supreme Court expressed concern over the misuse of dowry harassment provisions, noting that various relatives of the husband are often implicated alongside the main accused, reported TOI. The court stated that «exaggerated versions» are prevalent in many complaints and urged courts to exercise caution in these cases to protect the innocent from unnecessary suffering. Acquitting a man in a dowry death case, Justices C.T. Ravikumar and Sanjay Kumar highlighted that he married the deceased's sister-in-law after the initial dowry harassment allegations arose, and emphasised that he could not be convicted simply because his wife was found guilty. According to the TOI report, the apex court and various high courts have previously flagged the issue of misuse of these provisions. They emphasised that general and vague allegations should not serve as grounds for prosecution, advising courts to approach such complaints with caution.
24.10 / 11:23
markets
security
Strategy
wellness
Experts
Destinations
India's engineering goods exports surge 10.55% in September
In September 2024, engineering exports increased to US$9.82 billion from US$8.89 billion in the same month last fiscal year, securing 10.55 percent year-on-year growth, according to the industry body Engineering Exports Promotion Council (EEPC). Cumulative engineering exports during April-September 2024-25 were recorded at US$ 56.23 billion as against US$ 53.42 billion during the same period of the last fiscal, registering an increase of 5.25 percent.
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