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Subscribe to enjoy similar stories. Just after 6 a.m. Tuesday, an explosion shattered the morning quiet on a residential street in Russia’s capital.

Reliance Nippon Life Insurance, a subsidiary of debt-ridden Reliance Capital (RCAP), has initiated talks with IndusInd Bank for bancassurance partnership as the IIHL and RCAP deal has reached the final lap. Mauritius-based IndusInd International Holdings Ltd (IIHL), the parent entity of IndusInd Bank, won the bid to acquire RCAP and entities under it. «IIHL and Japan-based Nippon Life have struck a good understanding and they are absolutely clear about promoting the insurance business. This augurs very well for the business and policyholders as IIHL has a very strong capital base and a solid global aspiration in BFSI space,» Reliance Nippon Life Insurance CEO Ashish Vohra told PTI. Hinduja Group company IIHL is expecting to complete the acquisition of RCAP by next month nearly a year after the National Company Law Tribunal (NCLT) approved its rescue plan.

The holidays are meant to be a time of celebration with family and friends

Power Grid Corporation of India on Wednesday said its board has approved a proposal to raise up to Rs 4,250 crore funds through issuance of bonds on a private placement basis. The proposal was taken up at a meeting of the company's committee of directors for bonds, Powergrid said in an exchange filing. «Committee of Directors for Bonds has approved the raising of bonds as unsecured, non-convertible, non-cumulative, redeemable, taxable, Powergrid Bonds — LXXX (80th) Issue up to Rs 4,250 crore on private placement basis,'' it said.

AI video generation model, just days after OpenAI released its own model, Sora, to the public. The competition between Google and OpenAI continues to intensify. Following OpenAI’s launch of ChatGPT Search as a challenge to Google’s core search business, Google has responded with a significant move in the battle for dominance in AI-driven text and video generation. According to a blog post by Google, Veo 2 produces highly detailed, realistic videos across diverse styles and subjects. The model excels in capturing the intricacies of real-world physics, human movement and expressions, enhancing overall realism. It also understands cinematographic language, allowing users to specify genres, lenses and cinematic effects to generate videos up to 4K resolution, lasting several minutes.

This is where a GST calculator steps in to save the day. This helpful tool takes the stress out of tax calculations, making it easier to focus on what matters—growing your business. Whether you are gearing up for expansion or managing everyday expenses, a GST calculator will provide clarity to make smarter decisions. Pairing this clarity with financial support such as a Bajaj Finserv Business Loan can help unlock growth opportunities for your business. Simplifying GST calculations The GST system, implemented in 2017, replaced multiple taxes with a streamlined structure, introducing rates ranging from 5% to 28%. Calculating GST manually can be tedious and prone to errors, but tools such as the Bajaj Finserv GST Calculator ensure speed and accuracy.

Anand Mahindra, the chairperson of the Mahindra Group, recently shared a compelling update on social media highlighting the market capitalization rankings of the world’s top automakers. Leading the list is Tesla, valued at an astonishing $1.23 trillion, followed by Toyota at $233.26 billion. Chinese automakers BYD and Xiaomi secured the third and fourth spots with valuations of $107.52 billion and $105.72 billion, respectively. Mahindra & Mahindra ranked 11th, with a market capitalization of $43.12 billion, placing it ahead of major global players like Stellantis, Ford, and Renault. Reflecting on this achievement, Anand Mahindra traced the company’s journey back from the early 1990s when India’s economy opened up. At that time, the world doubted whether Indian automakers could survive without external partnerships. Mahindra sought technological collaboration with companies like Peugeot (now part of Stellantis), Ford, and Renault to learn the art of building modern vehicles. While expressing gratitude for these partnerships, he noted the sense of fulfillment in seeing Mahindra now outpace some of these former collaborators in global market capitalizations. He emphasized that such milestones are never permanent but are a reminder of the constant effort required to stay competitive. Mahindra’s customer-centric approach and commitment to excellence, he stated, remain central to their long-term success and relevance.

Employees’ State Insurance Corporation (ESIC) went up by 3% in October to 1.78 million compared to 1.72 million in October 2023, shows the provisional payroll data released by the ministry of labour and employment on Wednesday. Month-on-month, the formal jobs created under ESIC, however, fell by 13.2% when compared to 2.05 million formal jobs created in September 2024. As per the provisional payroll data, around 21,588 new establishments have been brought under the social security ambit of the ESI scheme in October compared to 23,043 establishments added in September, 2024.

Transrail Lighting, Sanathan Textiles, DAM Capital Advisors, Mamata Machinery and Concord Enviro Systems will open for subscription on Thursday. Here are key details investors need to know before subscribing.Transrail Lighting IPO Transrail's IPO includes a fresh equity sale of Rs 400 crore along with an offer for sale of 1.01 crore equity shares by promoter Ajanma Holdings. The company has priced the IPO at Rs 432 at the upper end.

Subscribe to enjoy similar stories. Xi Jinping and Donald Trump’s bromance could be rekindled in 2025, if both sides play their cards right. This is positive and would help create the right environment for an improvement in ties between the two superpowers, but timing and tone are everything.

Georgia’s outgoing president wants the European Union to press her country’s pro-Russia government to hold a new election

Pacific Gas & Electric Co. could receive up to $15 billion in federal loans to help the utility modernize its power grid and expand clean energy infrastructure across central and northern California

Inflation in the U.K. has risen to its highest level since March

Nalini Unagar, a food enthusiast, recently announced her decision to end her YouTube career, leaving her followers surprised. After dedicating three years to the platform and creating over 250 videos, Nalini revealed she had invested approximately Rs 8 lakhs in building a studio kitchen, purchasing equipment, and promoting her channel. Despite her efforts, she received no significant returns, leading her to delete all her content and put her equipment up for sale. Nalini expressed frustration over her experience, stating that success on online platforms often depends on luck and unpredictable algorithms. Her disappointment stemmed from the lack of recognition for her hard work. Reflecting on the challenges of relying on online platforms as a primary income source, Nalini warned that such ventures could fail unexpectedly, no matter the effort invested.

NMDC fell 7% to hit the day's low of Rs 211.55 on the NSE on Wednesday following media reports that the Karnataka government is considering an increase in the duty on iron ore. The selling was seen amid strong volumes as nearly 2.50 shares changed hands on the NSE around 1:30 pm.

Gold has delivered returns of over 20% in 2024, which is not only higher than the returns given by headline indices Nifty and the BSE Sensex in the period but also superior to its own performance in the previous two years. A fragile geopolitical order, central bank buying and economic headwinds across the globe have kept the yellow metal on the boil. It is, however, up against formidable challenges in the form of strengthening US dollar and cryptocurrencies in 2025, opined experts. Nifty and Sensex gains so far this year have been to the tune of 12%.

Italy's UniCredit said on Wednesday it has raised its potential stake in Commerzbank to 28% using further derivatives, as markets watch whether it will take the leap with a buyout of the German lender.

Delhi worsened on Tuesday as the air quality index rose to 433 in the 'severe category', with a toxic haze blanketing the city. It was the worst air quality in almost a month — a higher AQI than this was last recorded on November 19 at 460. The air quality is likely to stay similar on Wednesday, but might improve to 'very poor' category on Thursday. The air quality is likely to stay severe on Wednesday, but it may improve to very poor on Thursday.

Subscribe to enjoy similar stories. Companies in India are increasing diversity hiring for roles ranging from software development to mechanical engineering as they try to come across to investors and the public as forward-thinking entities with good corporate governance norms. Placement officers from at least four colleges in India have hinted that diversity hiring for the batch of 2025 has risen from last year, in addition to the general recruitment of engineering students.

Subscribe to enjoy similar stories. The Indian stock market has been in a correction phase since September. Despite this, a few mid-cap and small-cap stocks have managed to shine, proving to be strong and reliable picks for investors and traders.

Subscribe to enjoy similar stories. Corporate action usually brings some good news for investors, particularly in the case of amalgamation and mergers. In many cases, corporate actions do not involve any potential future benefits to the company, as with bonus issues and stock splits.