Delhi's Environment Minister, Gopal Rai, has requested permission from the federal government to implement artificial rain to combat severe air pollution levels exceeding 400 AQI. The hazardous air quality has led to a surge in respiratory illnesses, prompting concerns from health officials and residents.
Indian tax authorities raided the local offices of Swedish software group Truecaller on Thursday, the company said in a statement, sending the firm's Stockholm-listed shares down 11%.
The Insurance Regulatory and Development Authority of India (Irdai) has proposed changes to its regulatory sandbox, aiming to shift from a rule-based to a principle-based approach. This move seeks to encourage innovation and the introduction of new ideas within the insurance sector. Public comments on the proposed amendments are being sought until November 25th.
Gold and silver prices slumped in the national capital on Thursday, with the precious metal declining Rs 1,650 and slipping below the Rs 80,000-mark, according to the All India Sarafa Association. Tepid demand by local jewellers amid weak trend overseas as the primary reason behind the fall in prices, traders said.
To address concerns about the "skin in the game" rule for designated employees of mutual funds, Sebi on Thursday proposed reducing the mandatory investment percentage, applying it based on salary brackets, and excluding non-cash components like ESOPs from the minimum investment calculation. The proposals aimed at easing compliance, particularly for employees with lower CTCs and those in operational roles.
India accused Canada of hypocrisy for blocking the social media accounts of Australian media outlet "Australia Today" after it aired the press conference of Indian External Affairs Minister S Jaishankar and his Australian counterpart. India claims Canada blocked the outlet for reporting on Jaishankar's remarks concerning Canada's unsubstantiated allegations against India and its tolerance of anti-Indian activities.
According to Nagaraj Shetti of HDFC Securities, the short-term market outlook remains uncertain due to ongoing volatility. A substantial upward rally is unlikely until the Nifty crosses the 24,500 mark, with potential support around the 23,800 level on the downside.
The company said that such an investment would help about 5,500 jobs up until 2029. In 2020, AWS launched its first cloud region in Italy with the aim investing of 2 billion euros by 2029.
For the July-September 2024 period, net profit is projected to increase by 30% year-on-year, based on the average estimate of four brokerages. In contrast, revenues are expected to grow only slightly, by 0.5-1% year-on-year, due to subdued volume performance across divisions.
Manipur Chief Minister N Biren Singh strongly condemned Mizoram CM Lalduhoma's statement supporting the unification of Kuki-Zo people, emphasizing that any attempt to challenge India's integrity will be met with a firm response. Lalduhoma's statement, made during a US visit, has sparked controversy amidst ongoing ethnic tensions and refugee crises in the region.
Muthoot Microfin is lowering its lending rates for the third time this year, benefiting borrowers with a quarter-percentage point reduction. This move follows RBI's scrutiny of microfinance lenders charging high interest rates. Despite the reduction, Muthoot Microfin's net interest margin improved due to lower funding costs, reaching 12.94% in the first half of the year.
Donald Trump has won US election 2024 by defeating Kamala Harris. At the same time, the US Federal Reserve policy meeting is going on Thursday.
Five companies with a market cap above Rs 1,000 crore have shown a consistent decline in earnings per share (EPS) over the past five quarters, indicating ongoing financial challenges, according to StockEdge.com data.
The BJP condemned a resolution passed in the Jammu and Kashmir Assembly seeking the restoration of special status, calling it an attempt to "divide India." BJP leader Smriti Irani criticized the resolution as an insult to Parliament and the Supreme Court's decision to revoke Article 370, accusing the INDIA bloc parties of supporting extremism and terrorism.
The debate over whether President Joe Biden should pardon Donald Trump to help heal national divisions and break political cycles of retaliation is heating up.
Global solar capacity has hit a new high of 2 terawatts, doubling in just two years and marking the fastest growth period ever recorded. This surge, fueled by both large-scale installations and smaller rooftop systems, now provides enough energy to power 92 million American homes.
During Thursday's trading session, five stocks experienced short covering. This occurs when traders repurchase shares they had previously sold short, often triggered by a change in market sentiment or new information. It typically leads to lower open interest and can push stock prices higher.
India is exploring Brazil as a major source for black gram and pigeon pea imports to meet domestic demand. Brazil's urad bean exports to India have already surged. This strategic partnership leverages contrasting cropping seasons, enabling countries like Brazil and Australia to tailor production to India's needs, as demonstrated by increased chickpea imports from Australia.
Trump's 2024 election win boosts crypto market, with Bitcoin hitting $76,400. Analysts expect a more crypto-friendly regulatory environment under his administration, fostering institutional confidence, mainstream adoption, and sustained growth in digital assets like Bitcoin and Ethereum.
The company predicts increased demands for its IT services. EPAM now expects its full-year revenue to be between $4.69 billion and $4.70 billion, compared with its previous projection of $4.59 billion to $4.63 billion.
International funding to aid developing nations in adapting to climate change rose to USD 28 billion in 2022. However, a significant shortfall persists between the required funding and the actual amount provided. The UN Environment Programme reported that achieving the Glasgow Climate Pact goal would only marginally reduce the adaptation finance gap. The report highlighted the urgency for increased adaptation efforts, particularly in securing financial commitments from developed countries.
An Indian delegation met with Taliban leaders in Afghanistan, including acting Defence Minister Mullah Mohammad Yaqoob, offering access to Chabahar Port in Iran for trade and discussing humanitarian aid. India, while not recognizing the Taliban regime, has been providing humanitarian assistance to the Afghan people.
The Delhi High Court closed proceedings on a petition challenging the 1988 ban on Salman Rushdie's novel 'The Satanic Verses'. The court said the government failed to produce the ban notification. The court presumed the notification does not exist. The petition, filed in 2019, was deemed infructuous. The petitioner is now free to take legal actions regarding the book.
The Oberoi Group, in partnership with Grosvenor, is set to open its first luxury hotel in the UK. Located in London's Mayfair district, the hotel will be part of Grosvenor's South Molton development, a mixed-use project encompassing offices, residences, and various amenities. The hotel, scheduled for completion by 2027, aims to deliver Oberoi's renowned design, service, and attention to detail.
