Union Budget 2025: Trade Unions urged for a hike in minimum EPFO pension to Rs 5,000 per month, the establishment of the 8th Pay Commission, and higher taxes on the super-rich in the 2025-26 Budget. They also called for higher income tax exemption limits and social security for gig workers and agricultural laborers, and advocated the restoration of the old pension scheme.
At the Maha Kumbh Mela in Prayagraj, various akharas are arriving with a mix of spirituality and luxury. Seers make a grand entry with swanky cars, including Rolls-Royce and Mercedes Benz. Some seers are flaunting branded accessories, while the vehicles display nameplates mentioning senior holy men posts. This blend of tradition and modernity attracts significant attention.
The Nifty IT index closed 0.12 per cent at 43674.85.
US President-elect Donald Trump this weekend hosted Italian Prime Minister Girogia Meloni at his Mar-a-Lago residence. The two leaders also watched a movie, according to US media reports. Trump heaped praised on Meloni and called her a 'fantastic woman who has taken Europe by storm'. In return, Meloni thanked Trump for the nice evening.
JM Financial Services Ltd. has appointed Malav Shah as Chief Legal and Compliance Officer and company secretary. Shah previously worked at NSDL and has two decades of experience in various legal and compliance roles. This move reflects the growing trend among financial institutions to strengthen their legal and compliance teams in a dynamic regulatory environment.
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Power shoppers, defined as individuals placing more than five orders a year, contributed to over 10% of the total D2C gross merchandise value (GMV) across GoKwik’s network in 2024. Power shoppers have spent an average of Rs 1,215 in 2024, with 19% of them spending up to Rs1999, a 3% uplift from 2023, highlighting a shift toward premium products.
The Karnataka state government is taking immediate measures to prevent the spread of the Human Metapneumovirus (HMPV) after confirming two cases. Health Minister Dinesh Gundu Rao leads discussions on control strategies, with the virus posing a serious risk, especially to vulnerable populations. An additional case has been found in Gujarat.
US President Joe Biden has banned offshore drilling across the entire Atlantic and Pacific coasts, as well as parts of the Gulf of Mexico and Bering Sea. This action, aimed at protecting over 625 million acres of waters, is part of efforts to transition to a clean energy economy and address the climate crisis.
During April-November 2023, the telecom, defence, railways, and highways ministries experienced lower capital expenditure compared to the previous year. The telecom department spent only 6% of its annual allocation. Government attributed lower spend to elections during the first quarter. Overall, Centre's capex was 49% of the allocation for the year, down from 59% last year.
Human Metapneumovirus (HMPV) is a respiratory virus that has recently gained attention due to an outbreak in China. It causes respiratory infections ranging from mild cold-like symptoms to severe complications, particularly in vulnerable groups. HMPV spreads through respiratory droplets and contaminated surfaces.
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Jharkhand Chief Minister Hemant Soren transferred Rs 1,415.44 crore to 56.61 lakh women under the 'Maiyan Samman Yojana'. The initiative, launched last year, initially provided Rs 1,000 to women aged 18-50. The ruling alliance promised to increase the monthly honorarium to Rs 2,500 from December 2024. This has been credited for political success in Jharkhand.
The Indian rupee declined to its lifetime low on Monday, hurt by a persistent bearish outlook on the South Asian currency that has been troubled by a broadly stronger dollar and tepid capital flows following a slowdown in economic growth.
Delhi CM Atishi became emotional following BJP leader Ramesh Bidhuri's personal remarks about her father, a retired teacher, during a press conference. Bidhuri accused Atishi of altering her identity and made allegations against her family, which drew condemnation from AAP leader Arvind Kejriwal.
Emrah Ozer is appointed as the Chief Financial Officer for Mercedes-Benz India, set to begin his role on January 1, 2025. He succeeds Evren Cakabey, who will take over as Executive Director & CFO of Mercedes-Benz G GmbH in Austria. Ozer brings extensive international financial experience, having managed multiple stakeholders in Mercedes-Benz Otomotiv Turkey.
The government will not ask laptop makers to cut down imports immediately. It expects local production to grow, with HP and Dell boosting output from the next fiscal year. A new financial incentive plan is being finalised to attract chip makers. The target is to improve the competitiveness of India-made products without disrupting current supplies.
The government will not ask laptop makers to cut down imports immediately. It expects local production to grow, with HP and Dell boosting output from the next fiscal year. A new financial incentive plan is being finalised to attract chip makers. The target is to improve the competitiveness of India-made products without disrupting current supplies.
ICICI Securities predicts gold may reach Rs 85,000/10g and silver Rs 1,10,000/kg in 2025, driven by trade war concerns, central bank gold buying, and industrial silver demand for green technologies. Silver is expected to outperform gold amid market deficits.
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