Mamata Banerjee initially held this seat for 33 years, and after she stepped down in 2011 to contest as an MLA and subsequently became the Chief Minister, her party colleagues have continued to maintain dominance in this constituency.
The Nifty Auto index closed 1.21 per cent down at 23471.0.
The RBI had unveiled draft guidelines in January this year, following which industry participants sent in their responses. The regulator wants the SRO to be truly representative of multiple participants across the fintech space.
Prior to joining TRUST Mutual Fund, Shah served as Senior Vice President at HSBC Mutual Fund. He was a key member of the organisation and is credited for managing substantial AUM in the fixed income space.
The former Uttar Pradesh chief minister accused the BJP government of deliberately leaking recruitment exam papers so that the youngsters remain unemployed and to snatch reservation.
The Reserve Bank of India (RBI) advises banks to reduce dependence on wholesale deposits and manage risks from loans and trading amid fluctuating interest rates. Regulatory measures to curb consumer lending and diversify deposit sources are emphasized. The RBI plans to issue new guidelines to enhance financial stability and asset quality in FY25.
The Nifty Bank index closed 0.37 per cent up at 48682.35.
Moody's Ratings reported on Thursday that Indian corporates face high capital requirements for capacity expansion and growth spending. 16 out of 23 rated companies are estimated to need USD 70-100 billion annually over the next two years. While domestic liquidity can cover some needs, offshore funding remains crucial. Strong consumption growth, infrastructure spending, and government targets will continue to drive corporate capital needs.
The Reserve Bank of India's annual report highlights the Indian economy's firm footing, driven by improved external sector sustainability and robust corporate balance sheets. It projects 7% GDP growth for 2024-25, supported by strong macroeconomic fundamentals, production-linked incentive schemes, and an expected above-normal monsoon, despite global uncertainties and challenges.
Over 8,000 farmers are availing of Fyllo’s AI-based prediction models that suggest efficient agricultural practices, on more than 50,000 acres and have consistently received 25% more yield, 80% export-quality produce, and 30% more income, the company said.
The Nifty Realty index closed 0.49 per cent down at 996.05.
The construction of its training facility is underway in the national capital and is expected to be completed by the fourth quarter of 2024. The facility, which will be spread over 4,500 square metres, will feature eight full-flight simulators for A320 neo and B737NG aircraft types.
Aramco CEO Amin Nasser's leadership pivotal for Saudi's stability. Managed response to 2019 attacks, restoring operations swiftly. Supports economic diversification and revenue flow for Saudi stability.
The Indian rupee ended higher on Thursday, halting a three-day losing streak, supported by dollar inflows related to the rebalancing of the MSCI equity indices.
Voluntary liquidation is becoming a preferred choice for promoters to close unviable businesses and avoid losses and compliance costs. Most companies opt for liquidation due to inactive operations (69%) or commercial inviability (17%). This trend reflects pragmatic corporate decision-making and regulatory compliance evolution, despite some promoters exploiting it to evade creditors.
Oil and Natural Gas Corp (ONGC) and EverEnviro Resource Management Pvt Ltd are joining forces to construct 10 compressed biogas (CBG) plants, leveraging various feedstocks to reduce CO2 emissions by 7.5 lakh tons annually. ONGC, transitioning into the renewables sector, plans to establish solar, wind, and biofuel facilities alongside acquiring renewable projects. This strategic partnership signifies a pivotal step towards advancing renewable energy production in India.
The Mumbai Metropolitan Region (MMR) currently boasts 154 high-rise towers with over 40 floors each, and an additional 207 skyscrapers are projected to be built by 2030, according to Anarock. These developments signify Mumbai's urban landscape and economic prowess. High-rises help alleviate congestion by offering amenities and residences within a single vertical space, reducing the need for residents to travel for leisure activities.
Pakistan does not adhere to a "no first use" policy on nuclear weapons, clarified Lt Gen (retd) Khalid Ahmed Kidwai, Adviser to the National Command Authority, during a seminar commemorating the 26th anniversary of Pakistan's 1998 nuclear tests. Kidwai emphasized that Pakistan's nuclear deterrence capabilities are fully operational and ready to respond to any threats, underscoring that Pakistan maintains strategic ambiguity regarding its nuclear stance.
Varanasi's political landscape heats up as Congress workers suggest a potential challenge for PM Modi if Priyanka Gandhi Vadra contested. With various candidates in the fray, including Ajay Rai and Athar Jamal Lari, the election dynamics in the holy city remain intriguing.
BJP hails S&P Global Ratings' positive outlook on India's growth prospects as a stamp of authority. Opposition parties criticized for being blindfolded to the success of Centre's policies. Ratings upgraded after 10 years, boosting hopes for further improvements.
Foreign direct investment (FDI) equity inflows in India fell 3.49% to USD 44.42 billion in 2023-24 due to lower investments in key sectors like services, telecom, and pharma. Total FDI, including reinvested earnings, declined marginally to USD 70.95 billion. However, inflows rose by 33.4% in January-March FY24.
Mark Mobius turned bullish on Chinese equities, citing confidence in the recent rebound after advising investors to avoid them in April.
The company “can meet just 50% of its 50GW target funding requirement by 2030 without raising equity, despite claiming this target is ‘fully funded’,” Snowcap said.
During a political event in Odisha's Balasore district, Rahul Gandhi highlighted how influential figures such as Martin Luther King Jr., Nelson Mandela, and Albert Einstein drew inspiration from Mahatma Gandhi. He criticised Prime Minister Narendra Modi's claim that the world solely learned about Gandhi through a film. Rahul Gandhi also slammed RSS affiliates for their lack of understanding of Gandhi's principles and emphasised the global impact of Gandhi's legacy on various movements and individuals.
