Updates Financial News
17.01 / 13:02
wellness
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Updates
Arvind Kejriwal to attend Ayodhya Ram mandir inauguration on January 22? AAP Minister says…
Arvind Kejriwal will be heading to Goa this week amid preparations for the Ayodhya Ram mandir Pran Pratishta ceremony. Senior AAP leader Saurabh Bharadwaj however indicated that the Delhi CM was likely to visit the religious site at a time of his own choosing. Key Opposition leaders have turned down invites from the Shri Ram Janmbhoomi Teerth Kshetra trust this month citing ‘politicisation’ of the event by the BJP and its allies.
17.01 / 11:03
Reuters
Tesla
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Tesla cuts Model Y prices in Germany after China price cuts
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17.01 / 11:03
Reuters
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Renault returns to growth after 4 years of sluggish volumes
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17.01 / 09:55
Updates
place
India vs Afghanistan Live Score Updates, 3rd T20: Ind vs Afg, Toss to take place at 6.30 pm
India vs Afghanistan Live Score Updates, 3rd T20: Pitch reportM Chinnaswamy Stadium's pitch is known to favour the batters and is considered to be a paradise due to being flat and ideal for batting. The boundaries are shorter.
17.01 / 09:55
Reuters
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International
Support
Gold rate today: Yellow metal falls on firm US dollar; support seen at ₹61,000 level
₹61,901 per 10 grams. Silver prices also fell 0.67% to ₹71,607 per kg. International gold prices hit a near one-week low as the US dollar strengthened, while traders awaited comments from more Fed speakers this week.
17.01 / 09:31
BLOCK
Mobile
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WhatsApp rolls out new text formatting tools for Android and iOS beta users; how to use
WhatsApp's plan to allow users to customise app theme colours, adding to the slew of enhancements aimed at improving user experience. The text formatting tools introduced in this beta update offer Android users an extended range of options to elevate their messaging game. Among the new additions are code blocks, quote blocks, numbered lists, and bulleted lists. These enhancements complement the existing bold, italic, and strikethrough formatting choices.
17.01 / 08:28
Instagram
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Singer Chithra gets 'bullied, harassed' for social media post on Ram Mandir January 22 event
consecration ceremony is held in Ayodhya on January 22, everybody should recite the Ram mantra ‘Sri Rama, Jaya Rama, Jaya Rama’ at 12:20 pm. Similarly, everyone should light a five-wick lamp at home. Praying that God's blessings are showered upon everyone.
17.01 / 08:27
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Financial
Bajaj Finance to see earnings downgrade, market share loss on Jio Financial entry, says UBS; assumes coverage with Sell
Bajaj Finance with a Sell rating and a target price of ₹6,800 per share, implying a downside of 9% from Tuesday’s closing price. It expects Bajaj Finance’s yields to be under pressure in urban consumer financing business, which formed 37% of standalone Assets Under Management, 45% of interest earned and over 60% of core fee income in FY23.
17.01 / 07:05
Digital
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Medial App secures $120,000 in funding led by FirstCheque VC
Social media platform Medial App has raised $120,000 in a pre-seed funding round led by FirstCheque VC, with participation from angel investors including Nayan Jadeja, Rohitashwa Choudhary, Ankit Aggarwal and others. With a beta-stage user base of over 5,000, Medial is set to launch by the end of January 2024 officially.
17.01 / 07:00
COST
economy
Updates
Cost of Living Live Updates Jan 17: Petrol and diesel prices steady. Check here
Cost of Living Live Updates Jan 17: Rising inflation rates globally have significantly increased the cost of living, impacting the financial well-being of the average person. However, there is a bit of relief as India's retail inflation experienced a considerable decrease in September, reaching a three-month low.The government has cut the windfall tax on domestically-produced crude oil to ₹1,700 per tonne from ₹2,300 per tonne with effect from Tuesday.The tax is levied in the form of Special Additional Excise Duty (SAED).According to an official notification, SAED on export of diesel, petrol and jet fuel or ATF has been retained at nil.The new rates are effective from January 16.India first imposed windfall profit taxes on July 1, 2022, joining a growing number of nations that tax supernormal profits of energy companies.The central government has imposed a 50 per cent export duty on molasses, amid a possibility of a decline in domestic sugar production in the current season.The proposed export duty shall come into force on January 18, 2024, an official notification from the Ministry of Finance said.Molasses are a by-product of sugar which is utilised for ethanol production to promote a green economy.
17.01 / 07:00
COST
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Q3 results: Should you buy Federal Bank shares after Q3 earnings? Here’s what brokerages say
₹145.80 apiece on the BSE. Federal Bank registered a 25.3% growth in its net profit for the third quarter of FY24 at ₹1,006.74 crore as compared to ₹803.61 crore in the corresponding quarter of last year. The bank’s net interest income (NII) in Q3FY24 increased 8.5% to ₹2,123.4 crore from ₹1,956.5 crore, YoY.
17.01 / 06:51
Target
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budget 2024
Budget 2024: India may allot Rs 4 lakh crore for next year's food, fertiliser subsidies
Budget expectations: India may earmark about 4 trillion rupees ($48 billion) for food and fertiliser subsidies for the next fiscal year, two government sources said, indicating fiscal caution ahead of this year's general election. Food and fertiliser subsidies account for about one-ninth of India's total budget spending of 45 trillion rupees during the current fiscal year that ends on March 31. Also Read: Interim Budget 2024 may see modest expenditure hike as Centre looks to stay on fiscal glide path The Ministry of Consumer Affairs, Food and Public Distribution has estimated next year's food subsidy bill at 2.2 trillion rupees ($26.52 billion), the two sources said. That is 10% higher than a projected outlay of nearly 2 trillion rupees ($24.11 billion) for the current 2023-24 fiscal year.
17.01 / 06:51
FIVE
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Tata Punch EV launched: Starting price Rs 10.99 lakh; here are the key features
Tata Motors launched its much-awaited Punch EV, a compact SUV, on January 17 at a starting price of Rs 10.99 lakh. The certified driving ranges of the vehicle are 315 km and 421 km across two configurations, Tata Motors said. It can seat five passengers. The new EV has 190 mm ground clearance, which is comparatively higher than other products in its class, it said. It features R16 tyres. It will have 360 L boot space. The company described the new product as a paradigm shift in India's EV journey. It is the first product built on the pure-electric Actiev architecture, it said. It will also have advanced over-the-air updates. It has a reinforced steel designed for enhance safety, it said. It can go from 0 to 100 in just 9.5 seconds, it added. The battery pack warranty is 8 years, it further said. Some of the other features include:
17.01 / 06:51
Provident
Manufacturing
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Husqvarna launches 2024 editions of Svartpilen 401, Vitpilen 250 in India. Price, technical specifications
Bajaj Auto has brought Husqvarna Motorcycles much-anticipated 2024 models of Svartpilen 401 and Vitpilen 250 into India. This latest range represents a comprehensive redesign, featuring entirely new engines, chassis, advanced technology, and updated styling. The Svartpilen 401, a dynamic Scrambler, is equipped with a powerful 399 cc 45 HP engine, premium paint finish, adjustable WP suspension, spoke wheels, Pirelli Scorpion tires, Easy Shift technology, and a TFT display. On the other hand, the Vitpilen 250 is an urban Roadster boasting a new 249 cc 31 HP engine, premium paint finish, WP suspension, Bosch ABS, and an LCD display. The 2024 lineup excels in various aspects compared to its predecessor, including road presence, seat height, ground clearance, tank capacity, pillion comfort, and cornering dynamics. In 2019, Bajaj Auto had launched Husqvarna motorcycles in India and has been manufacturing some models at it plants for exports.
17.01 / 05:44
Blockchain
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Bitcoin
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BRC-20 Token Standard Creator Opposes UniSat Wallet's Proposed Fork
A significant disagreement has arisen concerning the BRC-20 token standard on the Bitcoin blockchain. Domo, the creator of the Bitcoin BRC-20 token standard, has publicly expressed opposition to an upcoming fork proposed by UniSat Wallet. This disagreement highlights a crucial debate in the crypto world about the balance between innovation and stability.
17.01 / 05:41
UPS
BLOCK
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information
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Here's Why GPT-4 Becomes 'Stupid': Unpacking Performance Degradation
The realm of artificial intelligence (AI) and machine learning (ML) is constantly advancing, yet it's not without its stumbling blocks. A prime example is the performance degradation, colloquially referred to as 'stupidity', in Large Language Models (LLMs) like GPT-4. This issue has gained traction in AI discussions, particularly following the publication of «Task Contamination: Language Models May Not Be Few-Shot Anymore,» which sheds light on the limitations and challenges faced by current LLMs.
17.01 / 05:31
markets
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Share market update: Most active stocks of the day in terms of total traded value
The NSE Nifty index traded 274.71 points down at 21757.6, while BSE Sensex was down 1051.11 points at 72077.66 as of 10:45AM(IST)on January 17. In the Nifty index, Tata Consultancy Services Ltd.(up 0.92 per cent), HCL Technologies Ltd.(up 0.83 per cent), HDFC Life Insurance Company Ltd.(up 0.54 per cent), Infosys Ltd.(up 0.43 per cent) and Hero MotoCorp Ltd.(up 0.36 per cent) were among the top gainers.
17.01 / 05:31
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PTC
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Stock market update: Power stocks up as market falls
PTC India Ltd.(up 4.84%), SJVN Ltd.(up 4.51%), Karma Energy Ltd.(up 3.78%), NLC India Ltd.(up 2.69%), NHPC Ltd.(up 2.42%), RattanIndia Power Ltd.(up 1.45%), Gujarat Industries Power Company Ltd.(up 1.24%), Orient Green Power Company Ltd.(up 1.10%), Voltamp Transformers Ltd.(up 1.10%) and CESC Ltd.(up 0.62%) were among the top gainers. Indo Tech Transformers Ltd.(down 5.00%), Adani Energy Solutions Ltd.(down 2.17%), GE Power India Ltd.(down 1.98%), Inox Wind Energy Ltd.(down 1.91%), Suzlon Energy Ltd.(down 1.91%), Jaiprakash Power Ventures Ltd.(down 1.86%), Jyoti Structures Ltd.(down 1.84%), Adani Green Energy Ltd.(down 1.81%), Transformers & Rectifiers(India)Ltd.(down 1.70%) and Power and Instrumentation(Gujarat)Ltd.(down 1.55%) were among the top losers.
17.01 / 05:29
Aviat
RAI
Updates
Ayodhya Ram Mandir LIVE Updates: Lord Ram Lalla idol to tour Temple premises today
First Air India Express flight connecting Ayodhya to Bengaluru, Kolkata Union Civil Aviation Minister Jyotiraditya Scindia inaugurated the first Air India Express flight between Ayodhya to Bengaluru and between Ayodhya to Kolkata on Wednesday. Uttar Pradesh Chief Minister Yogi Adityanath who was at Lucknow received the boarding pass for the first flight between Kolkata and Ayodhya.
17.01 / 05:29
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Financial
HDFC Bank Q3 results: From HDB Financial IPO to distribution network - 5 important things to know from management call
₹16,372 crore in the third quarter of FY24. The bank’s net interest income (NII) in Q3FY24 rose 24% YoY to ₹28,470 crore. The bank recorded loan growth of 4% QoQ while deposits grew 2%.
17.01 / 05:29
markets
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open
Nifty 50 drops nearly 1.5%, Sensex tumbles 1,000 pts at open: 5 key reasons why Indian stock market is falling
Also Read: HDFC Bank share price cracks 7% after Q3 results; what should investors do? After a sharp rally in the markets with Nifty 50 scaling above 22,100 in the previous session, investors likely opted to take some profit out of the table, analysts said. Meanwhile, concerns over stretched valuations in the midcap and smallcap space also triggered selling. “Domestically, even though the economy is doing well and corporate earnings are good, all these positives are in the price and the valuations are elevated warranting a correction.
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