India's food safety watchdog, FSSAI, is tightening regulations for e-commerce food delivery. The agency urged state authorities to increase scrutiny of e-commerce warehouses and delivery personnel, emphasizing the creation of standard operating procedures to ensure food safety. This initiative comes ahead of the anticipated tourist influx, prompting increased surveillance at popular destinations using mobile food safety labs.
The Insolvency and Bankruptcy Board of India (IBBI) has put forth a proposal that could expedite the resolution process for stressed real estate firms. The proposal aims to grant ownership of plots or apartments to buyers who have cleared their dues and are already residing in their units, contingent on approval from the committee of creditors.
US President-elect Donald Trump had an intense campaign throughout months for the US Presidential elections 2024. Following his campaign was finished; Donald Trump blasted some heavy music on his plane to eventually get rid of the tiredness.
Latest reports are indicating that a US recession could duly arrive sometime in the year 2025, and if it indeed arrives, the US stock markets may be in for a major hit, with S&P 500 and Nasdaq being on of the frontrunners for a major dip. How can US investors get ahead of a potential recession?
Reliance Power Ltd and Reliance NU BESS Ltd have been barred by SECI from participating in tenders for the next three years. SECI alleges that the companies submitted a fake bank guarantee for a 1000 MW/2000 MWh battery energy storage project tender. The discovery of the alleged fake document led to the cancellation of the tendering process.
India's Competition Commission (CCI) proposed amendments to its penalty recovery regulations, aiming to streamline the process of collecting fines for violations of the Competition Act. The proposed changes include issuing formal demand notices with specified payment deadlines and addressing procedural issues to enhance regulatory compliance and efficiency.
Trent Ltd, a Tata Group company, reported strong financial results for the second quarter of FY25. The company's revenue grew by 39% year-on-year. Net profit also increased by 46.18% during the same period. Trent Ltd expanded its store network, adding 43 new stores in Q2 FY25. The company now operates over 800 large-format fashion stores across 184 cities.
Mahindra Group anticipates its express business to become profitable by the year's end, driven by a renewed focus on volume growth and cost efficiency. The company's logistics arm, Mahindra Logistics Ltd (MLL), has been working to integrate the B2B express business of Rivigo, acquired in 2022, and expects to achieve profitability through increased volumes and improved cost leverage.
The Assam Rifles Inspector General's Conference 2024 convened in Shillong, with commanders discussing strategies to enhance the force's capabilities. Key topics included acquiring advanced weaponry, bolstering border security, and improving training programs for soldiers.
India's government has called for proposals to establish a Centre of Excellence focused on green hydrogen technology. The initiative, part of the National Green Hydrogen Mission, aims to boost innovation and self-reliance in clean energy, supporting the country's transition to a low-carbon future.
President Biden, in his first address to the nation following the US election results, pledged a "peaceful and orderly" transition of power to President-elect Donald Trump on January 20th. Vice President Kamala Harris, while conceding defeat, reassured supporters that the fight for democracy would persist, emphasizing the importance of unity and perseverance in the face of challenges.
Mahindra & Mahindra Ltd. exceeded profit forecasts, reporting a 13% rise in standalone net profit, fueled by robust sales of SUVs, pickups, and commercial vehicles. The company also revised its full-year tractor market guidance upward, citing positive agricultural trends.
Donald Trump celebrated his recent victory alongside his family and Elon Musk at Mar-a-Lago. Musk, who actively campaigned for Trump, was accompanied by his son, X Æ A-Xii. During his victory speech, Trump lauded Musk's efforts and referred to him as a "star."
Thanksgiving Day 2024 date in USA is all set to be observed in November 2024.
former White House chief strategist for Trump, Steve Bannon, has thrown in a veiled threat at Department of Justice ad FBI for trying to 'destroy the country'. He warned that the agencies would be 'swept out' once Trump ascends to power, after his massive victory in the November 5 elections.
U.S. Defense Secretary Lloyd Austin reassured troops of the Pentagon's commitment to a smooth transition to the incoming Trump administration. Austin emphasized the military's apolitical stance, its readiness to execute lawful orders, and its dedication to safeguarding the Constitution and American citizens.
Melania Trump spoke out after Donald Trump won the presidency, calling for unity and a focus on freedom, prosperity, and security.
The Supreme Court ruled that the Directorate of Revenue Intelligence (DRI) officers can issue show-cause notices and recover customs duties, overturning a 2021 judgment. This decision reinstates pending notices worth over Rs 22,000 crore and clarifies the DRI's authority in customs matters.
The World Meteorological Organization reports that 2024 is on track to be the hottest year on record, potentially exceeding the 1.5 degrees Celsius warming threshold set by the Paris Agreement. This projection, based on data from January to September, surpasses the previous record set in 2023.
Nivesh will leverage Wealthzi's registered investment advisory (RIA) licence to offer investment advisory services to HNIs, said Anurag Garg, founder of Nivesh.
Indian indices fell over 1% on Thursday, erasing prior gains, driven by profit-booking, concerns over foreign inflows, and weak corporate earnings. Analysts suggest mixed sentiment, with some maintaining a bullish short-term outlook for the Nifty, targeting 25,350.
Opposition members of the Joint Parliamentary Committee (JPC) on the Waqf (Amendment) Bill announced a boycott of meetings starting November 9, alleging a rushed schedule by the BJP chairman. Trinamool MP Kalyan Banerjee, recently suspended from the JPC, criticized the six consecutive days of meetings in different cities, claiming it hinders stakeholder input.
