India News & Trends

CNN-News18 introduces Shawan Sens Raw Report

Shawan Sen, a professional journalist, is the anchor of CNN-News18's new program, Raw Report. Starting on August 3, the program will air on television, connected TV (CTV), and YouTube on weekdays at 12 and 10 p.m. By providing exclusive stories, ground reporting, and context surrounding the day's most significant events, Raw Report seeks to go beyond headlines by fusing live reporting with in-depth analysis. Using the network's reach, each edition will aim to provide viewers with a new, unique perspective on the most important news of the day.The article that sets the agenda for the day will be the main topic of the 12 p.m. edition. The show will explain developments using on-the-ground reporting, in-depth images, and crisp, data-driven graphics rather than just broadcasting breaking news, assisting viewers in comprehending the wider picture as events take place.A thorough summary of the day's most important domestic and international stories will be provided in the 10 p.m. edition. It will give viewers a 360-degree view of the events influencing the news cycle, based on in-depth reporting and perceptive analysis. Every story that Raw Report covers will include an exclusive news break in addition to a major newsmaker of the day. For the second time, Shawan Sen has joined CNN-News18 as Executive Editor – Enterprise & Special Investigations. From September 2012 to July 2016, he covered crime, defence, and intelligence services as a Senior Correspondent for CNN-IBN. He has also collaborated with Times Network, Republic TV, The Times of India, and The Indian Express over the years.Rahul Shivshankar, Editorial Affairs Director, CNN-News18, announced the launch, saying, "As the nation's top English news channel, we have to keep evolving with it. News consumption is changing rapidly." At CNN-News18, we're always experimenting with formats to increase the engagement of our reporting without sacrificing authenticity. One such step is the Raw Report. Original reporting, enterprising journalism, and insightful analysis are its cornerstones. Shawan's return demonstrates our dedication to bolstering our editorial staff with some of the best journalists in the industry. He is a great asset to our newsroom because of his background as a field reporter and his knack for breaking news."Shawan Sen, Executive Editor-Enterprise & Special Investigations at CNN-News18, offered his thoughts on the new program: "Returning to CNN-News18 is special because it's a newsroom that has always believed in strong reporting." Being where the news is, getting to the facts first, and providing viewers with verified, first-hand information are the cornerstones of the journalism I've practiced throughout my career. The goal is to cut through the clutter and provide a clear explanation of each story's essential elements. We've done our job if viewers leave believing what we report and comprehending the narrative more fully."  

Published 03 Aug 2026 04:22 PM

Your heritage lends you credibility. You get the future through relevance: From Anirban Banerjee to classic brands

Nostalgia is not a viable strategy for legacy brands. Anirban Banerjee, CEO of Eveready Industries India Ltd., stated during his keynote speech at Adgully's CMOs' Charcha-Kolkata Chapter 2026, which is presently taking place in Kolkata, that they must always change in order to be significant for future generations of consumers. Speaking to a group of marketers, brand executives, and business experts, Banerjee discussed Eveready's own transformation process and made the case that, although longevity is an accomplishment, a brand's relevance ultimately decides its survival."We celebrate longevity when we have a brand. However, longevity on its own is only a success if the brand continues to be relevant to every new generation and shifting market. "Your longevity is remembered and celebrated if you continue to provide what customers need at that point in time," he emphasized. Banerjee began his lecture by citing well-known businesses to illustrate his claim that a brand's past does not ensure its future. Because they reimagined themselves, many legendary brands have endured. Others vanished while leaving behind a great legacy. Survival is never assured, even for the largest brands. Because of this, the issue of relevancy keeps coming up, he explained.Banerjee cited companies like Lego, Asian Paints, and Amul as examples of how they have effectively adjusted to shifting consumer demands through innovation, diversification, and ongoing reinvention while maintaining their essential character.Speaking about Eveready, one of the most well-known and established consumer brands in India with strong ties to West Bengal, Banerjee stated that the company's goal is to appeal to younger consumers in addition to maintaining its legacy. "Maintaining the heritage is not the problem. Making the heritage relevant for young people and Gen Z consumers is a challenge. He admitted that as brands become more iconic, transition gets harder. "Change feels harder the more iconic a brand gets. It seems dangerous. However, the risk of staying the same is considerably greater.Banerjee discussed how Eveready has been updating its brand to better suit the evolving needs of its customers. A modern design inspired by an infinity loop, which represents unending energy and limitless potential, replaces the long-standing, well-known "Give Me Red" positioning in the revised identity. Banerjee claims that the transformation is about communicating the brand's heritage in a way that appeals to modern consumers rather than giving it up. "Our identity now represents empowerment and limitless possibilities instead of just energy."  

Published 28 Jul 2026 05:41 PM

From Stage to Screen and Beyond: Kubbra Saits Numerous Reimaginings

Actor and author Kubbra Sait is once again showing her ability to reinvent herself through her latest project, Humanaige. Known for taking on bold and meaningful roles, Kubbra continues to explore new ways of expressing herself. The project highlights her journey from theatre and films to fresh creative spaces, proving that she is much more than just an actress.Over the years, Kubbra has built a career by choosing characters that leave a lasting impact. From her breakthrough performance in Sacred Games to international projects and public speaking, she has never been afraid to step outside her comfort zone. Humanaige reflects this same spirit, presenting different sides of her personality while celebrating growth, confidence, and creativity. Speaking about her journey, Kubbra has often shared that she believes in constant learning and embracing change. Instead of following a fixed path, she prefers taking on projects that challenge her and help her grow. This mindset has made her one of the most versatile performers in the entertainment industry today.With Humanaige, Kubbra Sait continues to inspire audiences by showing that success comes from being open to change and trying new things. Whether on stage, on screen, or through creative collaborations, she keeps redefining herself and encouraging others to embrace their own unique journeys.

Published 27 Jul 2026 09:38 PM

In Q1 of FY27, PVR INOX reports a profit of ₹70.5 crore.

India's largest multiplex chain, PVR INOX, has reported a strong financial turnaround in the first quarter of FY27 by posting an adjusted net profit of ₹70.5 crore, compared to a loss of ₹33.5 crore in the same quarter last year. The impressive recovery was driven by strong box office collections, higher footfalls across cinemas, and increased spending by moviegoers on food and beverages. The company's total revenue rose nearly 12% year-on-year to ₹1,642.3 crore, reflecting growing consumer interest in the theatrical movie experience despite competition from streaming platforms. The company also recorded a significant improvement in its operating performance. Adjusted EBITDA increased by around 90% year-on-year, while operating margins improved from 8.2% to 14%. This growth was supported by successful film releases across Hindi and regional languages, improved ticket sales, premium cinema formats, and better cost management. The strong financial results indicate that PVR INOX has successfully strengthened its business after the merger of PVR and INOX and is benefiting from better operational efficiency. Another major achievement for the company is that it has become net cash positive, reporting ₹80.7 crore in net cash as of June 30, 2026. This marks a remarkable improvement from the large debt position the company carried at the time of the PVR–INOX merger. A stronger balance sheet gives the company greater financial flexibility to invest in expansion, improve cinema infrastructure, and introduce more premium movie experiences for customers. Looking ahead, PVR INOX plans to continue its growth by opening 90 to 100 new screens during FY27, focusing mainly on asset-light and capital-efficient expansion. The company expects a strong lineup of upcoming Bollywood, Hollywood, and regional films to attract more audiences in the coming quarters. Industry experts believe that if content quality remains strong and consumer demand continues, PVR INOX is well-positioned to maintain its profitability and strengthen its leadership in India's multiplex cinema industry.  

Published 23 Jul 2026 05:10 PM

BSP leader Randhir Beniwal, Akash Anands father-in-law, is expelled by Mayawati

New Delhi: On Sunday, Mayawati, the president of the Bahujan Samaj Party (BSP), dismissed national coordinator Randhir Singh Beniwal, father-in-law of her nephew Akash Anand, and former Rajya Sabha MP Ashok Siddharth from the party due to his lack of discipline and anti-party behaviour.The action follows the denial of rumours regarding Anand's involvement in the distribution of tickets for the Uttar Pradesh elections in 2027. Mayawati had stated on July 31 that she was personally in charge of the party's election preparations, presiding over review sessions in Lucknow, and selecting candidates. She dismissed as "completely baseless" claims that Akash Anand was choosing party nominees, stating that interviews had already taken place and that over two dozen people had been selected. Mayawati claimed on Sunday that rumours about Siddharth's return to Uttar Pradesh were a part of a "deliberate conspiracy" to confuse party members and sabotage 2027 election preparations. She declared that Siddharth had been banished immediately and would never be allowed to return.Randhir Singh Beniwal, the BSP national coordinator, was also dismissed by her due to persistent transgressions of party rules. According to party sources, Beniwal neglected to concentrate on Punjab, which is headed for elections.  

Published 03 Aug 2026 04:43 PM

Bihar bypoll Prashant Kishor is leading according to early indicators as the Bankipur byelection counting gets underway.

In the first rounds of vote counting, newcomer Prashant Kishor overtook adversary Neeraj Kumar of the BJP. He has won five straight rounds as of 11.30 a.m.Voting for the Bankipur Assembly bypoll in Bihar started at 8 a.m. on Monday, August 3, 2026, in Patna. Everyone was watching to see if Jan Suraaj Party rookie Prashant Kishor would unseat the BJP.Nitin Nabin, the national president of the BJP, resigned after being elected to the Rajya Sabha in April, necessitating a by-election."The counting of votes for the Bankipur by-election began amid tight security arrangements," an official stated. Voter turnout in the July 30 bypoll was 34.30%, a decrease of about 7% from the 41.45% registered in the last Assembly elections. This time, there are 26 contenders in the race. In November 2025, Mr. Nabin defeated his closest opponent, Rekha Gupta of the RJD, by more than 50,000 votes to win the Assembly seat for the fifth time in a row. Mr. Gupta was once more nominated by the RJD for the by-election. The BJP, which has never lost the Assembly segment since 1995 when it was known as Patna West, has fielded low-key youth wing leader Neeraj Kumar Sinha, while Prashant Kishor, a former poll strategist who founded the Jan Suraaj Party a few years ago, is running in his maiden election.As early indications of the Bankipur Assembly by-election indicated founder Prashant Kishor leading, joyful Jan Suraaj Party members gathered at the party's camp headquarters. While closely monitoring the current vote count, followers of the former poll strategist-turned-politician raised slogans in favour of him and praised his impressive start in his first election.  

Published 03 Aug 2026 04:30 PM

Kiran Thadimarri is named CFO by IndiGo parent InterGlobe Aviation, while Gaurav Negi is appointed advisor.

InterGlobe Aviation, the parent company of IndiGo, has announced an important leadership change in its finance team. The company's Board of Directors has appointed Kiran Thadimarri as the new Chief Financial Officer (CFO), effective July 28, 2026. Before this promotion, Thadimarri served as the Deputy CFO and has been closely involved in the company's financial planning and business operations. At the same time, Gaurav Negi, who has been leading the finance function as CFO since 2022, will move into a new position as Advisor to the Managing Director. The company said this transition has been carefully planned to ensure continuity in financial leadership while allowing both executives to contribute in roles that best support IndiGo's long-term growth. The appointment comes at a significant time for IndiGo, India's largest airline, as it continues to expand its domestic and international network while also dealing with rising operating costs and increasing competition in the aviation sector. Kiran Thadimarri brings valuable experience to the role, having worked with leading organizations such as Udaan and General Electric before joining IndiGo. His understanding of the company's financial operations and strategic priorities is expected to help strengthen its financial management during a period of rapid growth. Meanwhile, Gaurav Negi will continue to play an important role by advising the Managing Director, ensuring that his knowledge and experience remain available to the company during this transition. Industry experts see this leadership change as a smooth internal succession rather than a major restructuring. Promoting an experienced executive from within the organization reflects IndiGo's focus on stability and long-term planning. The airline has recently faced pressure from higher fuel prices and reported another quarterly loss, making strong financial leadership especially important. With Kiran Thadimarri taking charge as CFO and Gaurav Negi continuing in an advisory capacity, the company aims to maintain confidence among investors, employees, and stakeholders while continuing its expansion plans and strengthening its position in India's fast-growing aviation market.  

Published 28 Jul 2026 06:12 PM

In a significant bureaucratic reorganisation, IRS Officer Satya Pal Kumar was appointed FIU Director.

In a major bureaucratic reshuffle, Satya Pal Kumar, an officer from the Central Information and Research Service (CIRS), has been appointed as the new Director of the Financial Intelligence Unit (FIU). The appointment is part of the government’s latest administrative changes aimed at strengthening key financial and regulatory departments. Satya Pal Kumar brings experience in handling important government responsibilities and is expected to play a crucial role in improving FIU’s operations. The Financial Intelligence Unit works under the Ministry of Finance and is responsible for monitoring financial transactions, detecting money laundering activities, and helping agencies track illegal financial networks. His appointment comes at a time when financial security and transparency have become major priorities for the government. The FIU plays an important role in analysing suspicious transactions and coordinating with enforcement agencies to prevent financial crimes. The bureaucratic reshuffle includes changes across several departments, with new officers being given responsibilities to improve efficiency and governance. Kumar’s new role as FIU Director is expected to further strengthen India’s efforts in combating financial crimes and maintaining a secure financial system.  

Published 27 Jul 2026 10:02 PM

The second-largest worldwide opening weekend for a new Spider-Man movie

Spider-Man: Brand New Day exceeded its expected $225 million production budget with $927 million (£687 million) in ticket sales worldwide, making it the second-biggest opening weekend ever. The superhero film, which stars real-life husband and wife Tom Holland and Zendaya, trails behind Avengers: Endgame, which made over $1.2 billion on its first weekend of release in 2019. With $335 million in box office receipts, Brand New Day also set a second-best North American record.After a spate of underperforming Marvel films in recent years, the film's good performance gives Marvel Studios a much-needed lift ahead of the much awaited release of Avengers: Doomsday in December. A few years after Spider-Man: No Way Home in 2021, Brand New Day, which debuted in theatres this week, follows Peter Parker as he fights crime in a society that has forgotten he is the masked superhero. Reviews for the most recent installment of the wildly successful franchise were overwhelmingly positive, with several praising Holland's performance as Spider-Man to date. According to distributor Sony Pictures, Brand New Day earned $572 million from over 73,000 screens outside of the US, including $121 million from China. Over the weekend, $49 million worth of tickets were sold in the UK. Kevin Feige, president of Marvel Studios, described the debut of Brand New Day as "truly phenomenal" and expressed gratitude to viewers for "coming out and experiencing our film the way it was meant to be seen."Before Doomsday, the eagerly anticipated conclusion of several superhero story arcs following Avengers: Endgame, the movie represents Marvel's final big-screen production. Since Endgame, Marvel films have not been able to draw the same wide crowds as they did during their heyday. Although they were among the studio's lowest-grossing films, big-budget productions like The Marvels and The Thunderbolts recovered their production expenses. No Way Home has sold about $2 billion in tickets, making Spider-Man one of Marvel's most profitable franchises. Since the Covid-19 outbreak, moviegoing has decreased, hastening the transition to home-streaming services like Netflix. However, the big screen has made a sort of comeback this year, with box office receipts in North America expected to surpass $10 billion for the first time since 2019. Blockbuster hits like Toy Story 5, Michael, and The Super Mario Galaxy Movie—all of which have generated over $1 billion—helped with that. Brand New Day, which opens in July, and Christopher Nolan's adaptation of the great Greek poem, The Odyssey, are also expected to surpass $1 billion.  

Published 03 Aug 2026 04:29 PM

Trailer for Batwara 1947 Sunny Deol battles Pakistan once more, this time for the religion of Maa.

The trailer of Batwara 1947 has created a strong buzz among movie lovers and marks Sunny Deol’s return in another powerful role set against the backdrop of India’s Partition. While many viewers are comparing the film to Gadar, the trailer makes it clear that this story is not only about India and Pakistan but also about humanity, sacrifice, and the unconditional love of a mother. Sunny Deol plays a fearless man who stands up against violence and hatred during one of the most painful periods in history. His powerful dialogues, intense action scenes, and emotional expressions remind audiences why he is still one of Bollywood’s most loved action stars. The film is directed by Rajkumar Santoshi, reuniting him with Sunny Deol after many years, a combination that has earlier delivered memorable films. One of the biggest highlights of the trailer is its emotional message about the “religion of Maa.” Instead of focusing only on conflict, the film shows how the love, care, and sacrifices of a mother rise above every religion, border, and political divide. Veteran actress Shabana Azmi plays a central role, and her emotional scenes with Sunny Deol leave a lasting impact. The trailer also features Preity Zinta, Ali Fazal, and Karan Deol in important roles, making the story feel even more powerful. Beautiful visuals, strong background music, and heartfelt performances add depth to the film and suggest that it will be an emotional journey rather than just an action drama. Fans have reacted positively to the trailer on social media, praising Sunny Deol’s commanding screen presence and the film’s emotional storytelling. Many viewers feel that the movie carries a meaningful message of peace, compassion, and unity while portraying the pain and suffering caused by Partition. Ahead of the trailer launch, Sunny Deol also dedicated the film to his mother, saying, “Meri Maa hi mera Rab hain,” which perfectly matches the film’s emotional theme. Batwara 1947 is scheduled to release in theatres on August 14, 2026, and expectations are already high for what could become one of the biggest patriotic and emotional films of the year.  

Published 28 Jul 2026 06:06 PM

Jana Nayagan Box Office Collection Day 4 Updates: Vijays film struggles on Monday following an opening weekend of almost Rs 200 cr.

Thalapathy Vijay's Jana Nayagan had a powerful opening weekend, collecting more than ₹200 crore worldwide in just four days. The film enjoyed a strong response from fans, especially in Tamil Nadu, helping it cross ₹124.75 crore net at the Indian box office and around ₹217 crore worldwide gross by the end of Day 4. However, the film faced its first real challenge on Monday. After the excitement of the opening weekend, ticket sales slowed down, which is common for most big releases. While the collections were lower than Sunday, the movie still managed to hold its ground and continued to attract audiences in several key markets. Trade experts believe the Monday performance was decent enough to keep the film on a steady path. Despite mixed reviews from critics, Vijay's star power and loyal fan base have played a major role in the film's box office success. The political action drama has performed particularly well in Tamil-speaking regions and has also received a good response in overseas markets. Strong weekend earnings have given the film a solid foundation for the days ahead. The coming weekdays will be important in deciding how far Jana Nayagan can go at the box office. If it continues to maintain stable collections before new releases arrive, the film could end its theatrical run as one of the highest-grossing Tamil films of the year. Industry observers will now be watching its weekday trend closely to see whether it can keep its momentum going.

Published 27 Jul 2026 09:51 PM

Review of Jana Nayagan The pressure of being Vijays final film causes it to fall apart

Actor-turned-politician Vijay bids farewell to cinema with Jana Nayagan, a political action drama directed by H. Vinoth. As Vijay's final film before focusing on politics, expectations were extraordinarily high. While the film delivers several whistle-worthy moments, emotional fan service, and a strong political message, many critics believe it struggles to balance storytelling with its role as a farewell tribute. The story follows a fearless leader who stands up against corruption and injustice while protecting his people. The screenplay is packed with action sequences, emotional speeches, and political symbolism. However, reviewers note that the narrative often pauses to celebrate Vijay's screen persona rather than develop the plot, making the film feel more like a farewell campaign than a tightly written political thriller. Vijay's performance is widely regarded as the film's biggest strength. His commanding screen presence, powerful dialogues, emotional scenes, and action sequences remind audiences why he remains one of Tamil cinema's biggest stars. The climax, in particular, has been described as an emotional goodbye that resonated strongly with fans. Co-stars Pooja Hegde, Bobby Deol, and Mamitha Baiju deliver solid performances, though some critics felt their characters were underutilized. Early critical reception has been mixed. Some reviewers praised the film as an emotional send-off and a celebration of Vijay's legacy, while others criticized its predictable screenplay, lengthy runtime, and excessive fan service. Audience reactions on social media have also been divided, with many fans calling it a fitting farewell and others describing it as a missed opportunity for a stronger final film. Overall, Jana Nayagan succeeds more as a tribute to Vijay's remarkable career than as a consistently engaging political action drama. For longtime fans, it offers plenty of memorable moments and emotional satisfaction. For general audiences, however, its storytelling may feel uneven, weighed down by the pressure of delivering the perfect farewell.  

Published 23 Jul 2026 05:20 PM

Axis Bank is Religares pick of the month for March, 10% upside seen at TP of ₹1,185; should you buy?

Domestic brokerage firm Religare Broking has picked Axis Bank as its stock pick of the month for March 2024 with a potential upside seen around 10 per cent. Shares of Axis Bank were on an uptrend and gained around three per cent today as Nifty 50 hit a fresh lifetime high of 22,353.30 on strong macroeconomic indicators.On Friday, March 1, shares of Axis Bank opened at ₹1,074.05 and gained 2.5 per cent to hit an intra day high of ₹1,101.60 against its 52-week high of ₹1,151.50 apiece on the BSE. Shares of Axis Bank settled 2.20 per cent higher at ₹1,099.35 apiece on the BSE. At a current market price (CMP) of ₹1,085, Religare sees a potential upside of 10 per cent on Axis Bank stock at a target price of ₹1,185 from an initiation range of ₹1,080-1,085 and a stop loss of ₹1,030. Religare Broking highlights that in its report that Axis Bank has remained one among the top performer among the private banking majors and we expect the outperformance to continue. ‘’The stock has been in a primary uptrend from last more than eight months, forming series of Higher Highs and lows with gradual rise in volumes. It has formed an elevated base around the 20 weekly EMA which also coincides with rising support trend line,'' said Religare Broking. Following the price action and uptick in volumes indicates the stock to resume its prevailing trend and inch higher to surpass its previous swing high, according to the brokerage. The stock gained marginally (around three per cent) in the previous series with reduction of eight per cent open interest (OI). 98 per cent of the open positions rolled which is same with respect to previously. ‘’OI of 82k contracts as against 89k previously. Decent cash based buying also seen in last three days of February series. With fresh cash accumulation and shorts being trapped, it may witness good short covering,'' said Religare Broking. The bank's net interest income (NII) in the third quarter at ₹12,532, crore, which rose by nine per cent - almost in line with the market estimate of ₹12,555 crore. NII is the difference between interest earned by a bank through loans and interest it pays to depositors. Meanwhile, the net interest margin (NIM) stood at 4.01 percent for the quarter ended on December 31, 2023. Net Interest Margin refers to the difference between the interest income earned and the interest disbursed by a bank in relation to its interest-generating assets such as cash.    

Published 01 Mar 2024 09:35 PM

Potential for any re-rating delayed for Paytm, says UBS; still sees 25% upside in the stock – heres why

Shares of One 97 Communications (Paytm) have witnessed an almost 50 percent drop just in February as investor sentiment turned negative amid the RBI and Paytm Payments Bank Ltd (PPBL) saga.In a recent note, brokerage house UBS said it believes that any potential for a re-rating of Paytm based on profitability improvement has been delayed. It has retained a 'neutral' call on the stock and reduced its target price to ₹510 (from ₹650 earlier). The new target indicates an over 25 percent potential upside. "Paytm's share price has derated significantly post RBI regulatory action and the stock is trading at 1.5x EV to one-year forward consensus sales, nearly an 80 percent discount to its Indian internet peers. Our ₹510 price target implies a 2.4x EV to FY25E sales, which is still a 70 percent discount to Indian internet peers. We believe this is justified as Paytm's growth profile is now much weaker at an 8 percent expected revenue CAGR over FY24-26E, versus Indian peers at a much higher 27 percent. Additionally, Paytm's re-rating potential based on its profitability improvement is now also pushed out and the company's margin profile is much weaker than peers. Furthermore, the loss of investor confidence based on the regulatory action is unlikely to change in a hurry. We believe only sustained execution in the coming quarters can re-build investor confidence which would drive a re-rating," explained the brokerage. The RBI on January 31 directed PPBL to stop accepting deposits or top-ups in customer accounts, wallets, FASTags, and other instruments after February 29, citing large-scale non-compliance with regulations and supervisory concerns. In the latest update, the Reserve Bank of India clarified that non-Paytm Payments Bank Limited (PPBL) linked merchants (85 percent of the total) can continue to function as normal and gave a 15-day extension till 15th March for most PPBL-linked activities. RBI also informed that @paytm UPI handles can be migrated to banks after approval from NPCI. This implies key linkages between Paytm and PPBL will be transferred to other banks via Paytm and also clears the way for Paytm to function as third-party app provider (TPAP), similar to its competitors PhonePe and Google Pay, once NPCI provides approval for the same. Following RBI's latest update, the anticipated negative impacts on Paytm have been alleviated to a considerable extent. Paytm is poised to retain a significant portion of its customer and merchant base pending certain approvals from the National Payments Corporation of India (NPCI). However, UBS anticipates a churn of 15-20 percent in merchants, customers, and devices in Q4 compared to Q3 levels, accompanied by a steep decline of around 60 percent quarter-on-quarter in loan origination. Additionally, it foresees a challenging FY25 with a projected 2 percent revenue decline, attributed to the loss in the wallet business and gradual normalisation in payments and loan origination activities. To regain lost customers, Paytm is expected to escalate its marketing expenditure, leading to heightened EBITDA losses in FY25, consequently prompting adjustments in its EPS estimates.    

Published 01 Mar 2024 09:35 PM

Stock market selloff: Nifty forms Bearish Engulfing; 21,850 next?

Nifty on Wednesday could not sustain early gains and saw heavy selling, as it closed below the psychological mark of 22,000 for the time since February 15. The index formed a Bearish Engulfing pattern on the daily chart, which has a negative connotation.   The silver lining was the index somehow managed to settle above its 21-day EMA on a closing basis. If the index stays below 22,000 level, chances are it may revisit 19,850-800 level, analysts said.“The index dropped below the 22,000 mark, indicating a growing weakness. Nevertheless, it managed to close just above the 21EMA on the daily timeframe. Observing the daily chart, the index has been navigating within a rising channel. A decline below 21,950 could potentially trigger a correction towards 21,800 in the near term,” said Rupak De, Senior Technical Analyst at LKP Securities. For the day, the 50-pack index closed at 21,951.15, down 247.20 points or 1.11 per cent. A sustained Nifty trade above 21,950 might spur a recovery in the index towards 22,100, De added. With the Bearish Engulfing candle, Nifty has given up all the gains of the previous week, said Chandan Taparia of Motilal Oswal Securities. This analyst believes that were the index say below 22000, weakness could be seen towards 21,850, followed by 21,700 levels. Resistances are seen at 22,150 and 22,222 levels, he said.atin Gedia – Technical Research Analyst at Sharekhan said that the index has reached its 20-day moving average of 21,944. He said the broad range of 21,800-22,300 still has not been breached. "The daily as well as hourly momentum indicators have a negative crossover, which  is a sell signal. But prices are still in a range and, hence, a decisive breach below 21,875 i.e. the previous swing low is required to validate the change of trend. The Index is around the crucial support zone 21,900, which is likely to act as a make-or-break level from short term perspective," Gedia said.  

Published 01 Mar 2024 09:34 PM

IIT Kanpur’s 1974 batch pledges Rs 10.11 crore

"The Class of 1974 of the Indian Institute of Technology Kanpur (IIT Kanpur) has committed Rs 10.11 crore to fund a range of institute initiatives. The promise is made as part of the batch's Golden Jubilee Reunion, which will take place from February 23 to February 25, 2024, and will bring together over 80 graduates and their families. ""IIT Kanpur takes great pride in its alumni, and time and time again, our alumni have come together for supporting the growth of their alma mater through various means,"" stated Prof. S Ganesh, Director of IIT Kanpur, in response to the Class of 1974's kind pledge. The Class of 1974's commitment to support greatness at the institute by aiding in its development aligns with a shared goal He continued, ""The 'Batch Legacy Fund' will be used to enhance possibilities for both faculty and students. ""We, the proud alumni of the Class of 1974, are honored to unite and contribute to our cherished alma mater, IIT Kanpur,"" he stated, thanking his classmates for this endeavor and his alma mater, batch coordinator Yogesh Khosla. Our combined support is a testament to our great pride in the organization and our common goal of seeing it succeed moving forward. I would want to sincerely thank everyone of my classmates for their kind cooperation in this project. The Class of 1974's 50th reunion was a happy event full with memories, laughter, and introspection that will live on in the archives of IIT Kanpur, an institution thinkinh said.   IIT Kanpur stated that the ""Class of 1974 Batch Legacy Fund"" will undoubtedly advance learning within its community and expressed its sincere gratitude to the Class of 1974 for their outstanding contribution and steadfast dedication. The researchers from the Indian Institute of Technology Madras (IIT Madras) will present their findings to the students during an open house. The purpose of the event is to give students a forum to interact with professionals and well-known businesspeople. March 2 and March 3 of 2024 will be dedicated to the open house. Shaastra will host IITM for Everyone. A statement on the social media account read, ""IIT Madras is open to all for the first time in 15 years."" "

Published 28 Feb 2024 05:34 PM

On paper leak fast-track courts, the BJP supports PM Modi and challenges the opposition to discuss

The Bharatiya Janata Party (BJP) has strongly backed Prime Minister Narendra Modi's announcement to establish fast-track courts for examination paper leak cases, describing the move as a major step to protect the future of students and restore confidence in India's examination system. BJP leaders said that repeated paper leaks have harmed millions of aspirants and argued that swift trials and strict punishment are necessary to deter those involved in such crimes. The party maintained that the government's priority is to ensure justice for students and strengthen transparency in recruitment and competitive examinations. At the same time, BJP leaders challenged Opposition parties to hold a full debate in Parliament on the issue. They accused the Opposition of politicising student concerns instead of supporting legal reforms aimed at curbing paper leaks. According to the BJP, the government is willing to discuss examination reforms, accountability, and measures to prevent future leaks, while also highlighting the proposed fast-track courts as a concrete policy response rather than a political statement. The announcement comes amid ongoing protests and political criticism over recent examination paper leak incidents. Opposition leaders, including Rahul Gandhi, argued that fast-track courts alone are insufficient and demanded broader accountability, including action against those responsible for administrative failures. They have continued to press for wider reforms in the examination system and questioned the government's handling of the issue. Prime Minister Modi said that "nothing is more important than the future of the youth" and assured students that those responsible for paper leaks would face speedy trials and stringent punishment. The government believes that dedicated fast-track courts will help deliver quicker justice, discourage organised examination fraud, and reinforce public trust in the country's recruitment and education systems.  

Published 23 Jul 2026 05:16 PM

Why Rahul Gandhi confronted the PM about the paper leak

today news that Why Rahul Gandhi took the paper leak fight to PM’s doorstep Why Rahul Gandhi took the paper leak fight to PM’s doorstep The Indian Express Why Rahul Gandhi took the paper leak fight to PM’s doorstep Today India's Rahul, Priyanka Gandhi protest outside Modi's house Reuters India's Rahul, Priyanka Gandhi protest outside Modi's house Today Rahul Gandhi asks PM Modi to apologise to students over protest crackdown The Economic Times Rahul Gandhi asks PM Modi to apologise to students over protest crackdown Today On July 21, 2026, Congress leader and Leader of the Opposition Rahul Gandhi led a protest towards Prime Minister Narendra Modi's residence in New Delhi over the ongoing examination paper leak issue and the police action against student protesters. The Congress said the Prime Minister should directly answer students' concerns instead of remaining silent on the issue. During the protest, Rahul Gandhi and several other opposition leaders were detained by the police. Rahul Gandhi took the paper leak issue to the Prime Minister's doorstep because he argued that the controversy is not just about one examination but about the future of millions of students and job seekers across the country. He accused the central government of failing to stop repeated exam paper leaks and demanded accountability from the highest level of government. According to Congress, the Prime Minister should take responsibility for ensuring a fair and transparent examination system. The protest also came after clashes between police and student demonstrators demanding action against paper leaks and reforms in the examination system. Rahul Gandhi criticized the police action on students and asked Prime Minister Modi to apologize for the handling of the protests. Congress leaders said they would continue raising the issue both inside and outside Parliament until their demands are addressed. The government has maintained that steps are being taken to strengthen the examination system and investigate paper leak cases. However, the opposition argues that stronger action and greater accountability are needed to restore students' confidence in competitive examinations. The issue has become a major political debate, with both the government and the opposition presenting different views on how the problem should be handled.  

Published 21 Jul 2026 09:57 PM

AAP must leave its headquarters by June 15th, per a Supreme Court order.

The Aam Aadmi Party of Arvind Kejriwal will have to leave its headquarters, which are located on a plot of land designated for the High Court. The good news is that you still have until June 15 to act. The Supreme Court gave the party a long deadline because of the upcoming Lok Sabha elections, emphasizing that this is an encroachment case. The party may now submit an application for alternative land to the Land and Development Office of the Center.The bench, which included Chief Justice D Y Chandrachud and Justices J B Pardiwala and Manoj Misra, stated, "We would request the L&DO to process the application and communicate its decision within a period of four weeks." The bench continued, "AAP has no legal right to remain on the land." The Delhi High Court was granted land in February to expand its operations and build more courtrooms for the Rouse Avenue location. The court had noticed that the AAP was intruding on this land. When considering a case involving the nation's judicial system, the highest court took notice of the issue.The state government promised at a meeting on February 15 that the plot would be removed in two months if a substitute plot was provided, in response to a court order. However, the situation remained unchanged. According to India's Chief Justice, DY Chandrachud, nobody has the authority to impose law on others. "It is absurd for any political party to sit on it. Every intrusion will be eliminated... The land should be given to the High Court so that it can be utilized by the general public and citizens, Justice Chandrachud stated.

Published 04 Mar 2024 05:31 PM

Article 21: The Constitutions Soul, with Citizens Liberty Supreme

According to the Supreme Court, Article 21 is the essence of the Constitution because it protects citizens' rights to liberty, which are so valuable that a person would lose them if the high court takes too long to decide cases pertaining to it. Amol Vithal Vahile, a prime accused in the murder of a corporator in Maharashtra, was granted bail by the Bombay High Court on January 29 following prodding from the top court, according to a bench of Justices B R Gavai and Sandeep Mehta.In a recent ruling, the bench stated that it is evident that prior to this court's order being issued on January 29, 2024, the high court had dismissed the bail application on one or more grounds rather than considering it on its merits.It goes without saying that Article 21 of the Indian Constitution is its core because it upholds the fundamental right to liberty for all citizens. It stated, "Depriving the party of their precious right guaranteed under Article 21 of the Constitution of India would mean not reaching a quick decision and brushing off the issue on one or the other basis pertaining to a citizen's liberty." The bench stated that it has encountered numerous cases from the Bombay High Court in which the applications for bail and anticipatory bail were not resolved promptly. The bench mentioned one instance where the application for anticipatory bail was pending for over four years. "We have also encountered many cases where the judges find an excuse to reroute the case on unrelated grounds rather than rendering a decision based on the merits of the case. As a result, we ask the chief justice of the Bombay High Court to communicate our request to all judges who have criminal jurisdiction so that the issue of bail and anticipatory bail can be decided as soon as possible," the bench stated.It requested that the Supreme Court's Registrar (Judicial) forward this directive to the High Court's Registrar (Judicial), who will present it to the Bombay High Court's chief justice. The bench stated on January 29 that, despite the fact that Vahile had been detained for more than seven years, on March 30, 2023, the high court had ordered him to appear before the trial court for regular bail.  

Published 02 Mar 2024 06:02 PM

What your scalp might be trying to tell you about why your dandruff keeps returning

Dandruff is one of the most common scalp problems, affecting millions of people worldwide. While many assume it is simply caused by a dry scalp, experts say recurring dandruff often points to a more complex issue. If white flakes continue to return even after using anti-dandruff shampoos, your scalp may be signaling an imbalance that needs more than a temporary fix. Factors such as excess oil production, fungal overgrowth, stress, weather changes, and even diet can contribute to persistent dandruff. One of the primary causes of recurring dandruff is the overgrowth of a naturally occurring yeast called Malassezia. This fungus lives on everyone's scalp but can multiply rapidly when excess oil is present. As it feeds on scalp oils, it produces by-products that irritate the skin, leading to itching, redness, and flaking. Individuals with oily scalps are particularly prone to this cycle, which explains why dandruff often returns soon after treatment is stopped. Your scalp can also reflect your overall health. Dermatologists note that persistent dandruff may indicate conditions such as seborrheic dermatitis, psoriasis, eczema, or sensitivity to certain hair-care products. If dandruff is accompanied by severe itching, inflammation, yellowish flakes, or patches of redness, it is advisable to seek medical advice rather than relying solely on over-the-counter shampoos. Treating the underlying condition is often the key to achieving long-term relief.Lifestyle habits play a significant role as well. High stress levels can weaken the body's natural defenses, making the scalp more susceptible to irritation and fungal growth. Poor sleep, an unhealthy diet lacking essential nutrients such as zinc and B vitamins, and inadequate hydration may also worsen scalp health. Experts recommend maintaining a balanced diet rich in fruits, vegetables, lean proteins, and healthy fats to support healthy skin and scalp function.  

Published 06 Jul 2026 05:07 PM

A Significant Return for Marc Jacobs Beauty

Luxury makeup brand Marc Jacobs Beauty has officially returned in 2026 after being discontinued in 2021, marking one of the most talked-about beauty industry comebacks of the year. The brand relaunched with an entirely new collection of makeup products, including lipsticks, blush sticks, bronzers, eyeliners, mascaras, eyeshadows, and highlighters. The comeback is being led in partnership with Coty Inc., with products launching online and through Sephora stores.Beauty enthusiasts and industry experts have responded positively to the relaunch. The new collection features playful heart, star, and daisy-inspired packaging while maintaining the bold, high-performance formulas that made the original brand popular. Several products, particularly the Heart On Lipstick, Drawn This Way Eyeliner, and Born Star Eyeshadow, have generated strong demand and early sell-outs.Industry analysts view the return as a strategic move in the premium beauty market, where consumers are increasingly seeking distinctive brands with strong creative identities. Marc Jacobs himself recently described the relaunch as a modern reinvention rather than a revival of the old line, emphasizing individuality and self-expression as the brand's core philosophy.  

Published 04 Jun 2026 06:02 PM

The days of microbladed eyebrows are over but are they reversible

Our eyebrows have seen more changes than any other feature. Brows have seen it all, from the thin, pencil-style brows of the year 2000 to the fuller, laminated look of today. But one thing hasn't changed: if you get your eyebrows correct, half of your appearance is taken care of.Microbladed eyebrows were commonplace for a very long period. Because the fad promised bigger, more natural-looking brows with less daily work, celebrities, influencers, and regular people loved it. For many, it provided a long-term solution for uneven or sparse eyebrows. But beauty trends change quickly, and what was once considered contemporary and attractive is now beginning to feel antiquated. Many people are starting to reconsider their previous microblading decisions as softer, more natural brows become more popular.In essence, microblading is a cosmetic tattooing method in which pigment is manually applied to the skin's surface to simulate eyebrow hair. According to Dr. Ruby Sachdev, an aesthetician and consultant at Gleneagles Hospital in Bengaluru, it became well-liked by those who want larger eyebrows without using makeup every day.  

Published 03 Jun 2026 09:52 PM

Benefits of Sattu Indias first protein beverage

These days, a growing number of individuals are including tasty and nourishing "superfoods" from all over the world in their diets. Imagine those colorful matcha lattes, creamy avocado toasts, delicious chia pudding, quinoa salads, and cool kale smoothies. They are healthy in addition to being aesthetically pleasing. Just a gentle reminder: Is it really necessary to spend a lot of money to maintain your health?No, I believe! Sattu is an ancient superfood from India that is tasty, affordable, and very potent. This adaptable component, which is made from roasted gram flour, has been loved and consumed for more than 3,000 years, particularly in Bihar, Jharkhand, and Uttar Pradesh. Chana sattu, once cherished by diligent farmers for a rapid energy boost, is now widely accepted as a wholesome and organic supplement to contemporary meals nationwide. Let's examine the advantages of sattu powder, how it outperforms the most well-liked protein-rich foods, and why it should be at the top of your diet list before you hurry to try another foreign health craze.A traditional Indian flour produced from roasted barley or chickpeas is called sattu powder. In India, it is a native source of protein. It is a well-liked superfood with several health advantages due to its high protein content. Sattu, sometimes referred to as the "desi protein shake," is high in minerals, fiber, and plant-based protein. It is a popular dish in India that is becoming more and more well-known abroad.  

Published 08 May 2026 06:04 PM

Ek bihari sab pe bhari Virat Kohli gives Vaibhav Sooryavanshi particular recognition

Virat Kohli's heartfelt praise for young Bihar cricketer Vaibhav Sooryavanshi has become one of the most talked-about moments after the IPL 2026 season. Following Royal Challengers Bengaluru's title-winning campaign, Kohli met the 15-year-old sensation and shared words of encouragement that quickly went viral on social media.In a video released by RCB, Kohli advised Vaibhav to stay focused on hard work and self-belief rather than outside opinions. He told the youngster that his success had come through dedication and confidence and urged him to keep aiming higher. The highlight of the conversation was Kohli's special line, "Ek Bihari, sab pe bhari", praising the Bihar-born batter for his remarkable performances throughout IPL 2026. .Vaibhav emerged as one of the biggest stars of the tournament, earning widespread admiration for his fearless batting and maturity at such a young age. His performances attracted praise from former cricketers and fans alike, with many viewing him as one of Indian cricket's brightest future prospects.The interaction between Kohli and Vaibhav was widely appreciated by cricket fans, who saw it as a passing-of-the-torch moment between one of India's greatest batters and a rising teenage talent. Kohli's message of humility, hard work, and self-belief has since been shared extensively across social media platforms.  

Published 04 Jun 2026 05:53 PM

Virat Kohli changes once more incorporating elements of Abhishek and Sooryavanshi into his game

The cameras showed Kohli putting his arm over Sooryavanshi's shoulder and conversing with him for several minutes. Although the topic of the talk is unknown, rest assured that Sooryavanshi returned home much wealthier than he would have if he had only received a few honors. Less than a day has passed since Sooryavanshi was recommended for Test cricket by none other than the great Sachin Tendulkar. He had also complimented his batting style earlier.It is important to note that earlier in the 2026 IPL season, Kohli signed Sooryavanshi's cap and gave him an autograph after the left-handed hitter destroyed the RCB bowlers all over the field during the match at the Barsapara Stadium in Guwahati.Sooryavanshi won five awards when the IPL 2026 concluded. The 15-year-old was named Super Striker, Super Sixes of the Season, Orange Cap, Emerging Player of the Season, and Most Valuable Player. Sooryavanshi broke Chris Gayle's record for the most maximums in a single IPL season with 72 sixes during the 19th T20 competition. In the competition, he also became the fastest Indian to reach 1000 runs. In addition, he became the youngest player in the tournament to hit 1000 runs, surpassing Rishabh Pant.Sooryavanshi acknowledged that he would need to improve his fitness going forward if he wanted to have a lengthy career after receiving so many honors. "I need to improve my fitness if I want to avoid getting hurt. Everyone is really encouraging. In an interview with Ravi Shastri, Sooryavanshi stated, "Everyone supports me, including the senior players and support staff. It's a good atmosphere." Master Blaster Sachin Tendulkar has praised Sooryavanshi as well. According to the renowned Indian hitter, the young player possesses all the necessary skills to participate in the game's longest format.In relation to Sooryavanshi, the next tri-series in Sri Lanka will include him. The left-hander will play for India A against Afghanistan A and Sri Lanka A.In relation to Sooryavanshi, the next tri-series in Sri Lanka will include him. The left-hander will play for India A against Afghanistan A and Sri Lanka A.    

Published 02 Jun 2026 10:57 PM

For the first time in an IPL season Indian hitters outpace foreign batters

IPL 2026 had the highest batting strike rate of any season at 156.34. For the first time in an IPL season, Indian hitters (157.10) scored more runs than foreign batters (154.71). 237.30 strike rate, 776 runs, and 72 sixes In an IPL season, Vaibhav Sooryavanshi became just the second hitter to score the most runs, hit the most sixes, and have the greatest strike rate (minimum 50 balls faced). Like Sooryavanshi, Chris Gayle was named Most Valuable Player in 2011.In the previous nine seasons, none of the highest run-scorers were among the top 15 strike rates in that season. The difference between Sooryavanshi's IPL 2026 run total and the next highest total for a batsman with a strike rate of 235 or more in any IPL season (Romario Shepherd's 70 runs in 2025) is 706 runs. IPL 2026 saw 65 totals of 200 or more, the highest in a T20 competition and 13 more than the previous record of 52 in IPL 2025. Individual teams also set new records in IPL 2026: Sunrisers Hyderabad (SRH), Punjab Kings (PBKS), Royal Challengers Bengaluru (RCB), and Rajasthan Royals (RR) all scored nine runs of 200 or more, the most in a Twenty20 competition.In terms of bowling, PBKS and RR gave up 200-plus totals nine times, which is also the most in a Twenty20 competition. IPL 2026 saw the highest number of sixes struck in a season, 1426, up 10.2% from the previous record of 1294 sixes in 2025. Thanks to 72 sixes from Sooryavanshi, who established the individual record for most sixes in a T20 competition, RR struck 181 sixes, the most of any team in a T20 event.  

Published 01 Jun 2026 09:34 PM

Ramakrishna Ghoshs injury has been replaced by Macneil Noronha.

Macneil Noronha, an all-rounder from Karnataka who recently won the MA Chidambaram Trophy at the Naman awards for being the highest run-getter in the 2024/25 Colonel CK Nayudu Trophy, will join Chennai Super Kings (CSK) for INR 30 lakh as a replacement for Ramakrishna Ghosh, who injured his right foot during their game against Mumbai Indians on May 3rd and is out for the season. He will not play this season.Macneil Noronha will take Ghosh's place at CSK for INR 30 lakh.Noronha, a Karnataka all-rounder, has won the MA Chidambaram Trophy at the Naman Awards for scoring the most runs in the Colonel CK Nayudu Trophy for 2024–2025. Noronha was called up by the Karnataka team for the Syed Mushtaq Ali Trophy after an outstanding season, and he played in three games for his state.For the remainder of the 2026 Indian Premier League season, the Chennai Super Kings have selected Karnataka all-rounder Macneil Noronha to replace injured uncapped player Ramakrishna Ghosh.He was called up to Karnataka's Syed Mushtaq Ali Trophy squad as a result of his domestic achievements, and he played in three games. Noronha made an impressive 34 off 21 deliveries in his most recent match against Tripura in December 2025. He also contributed a wicket. The move comes after Ghosh was sidelined for the rest of the season due to a right foot injury he sustained during Chennai's match against Mumbai Indians on May 3. Ghosh had just made his eagerly anticipated IPL debut in that match, contributing to Chennai's decisive eight-wicket victory. Introduced into the attack in a high-pressure match, the young player returned figures of 1 for 24 from his three overs, taking the crucial wicket of Suryakumar Yadav, who had looked dangerous after reaching 21 off just 12 balls. In that match, Ghosh made his eagerly anticipated IPL debut and contributed to Chennai's convincing eight-wicket victory. The youthful player, who was brought into the attack in a high-stress match, recorded figures of 1 for 24 from his three overs, taking the crucial wicket of Suryakumar Yadav, who had appeared dangerous after reaching 21 off only 12 balls.Chennai will be hoping that Noronha will offer valuable depth as they continue to strive for a play-off position in spite of the setback.  

Published 13 May 2026 05:46 PM

There are five main reasons why Prashant Kishor will defeat the BJP in Bankipur.

Prashant Kishor, a former poll strategist who is now a politician, has an early advantage in the Bihar seat of Bankipur. Neeraj Kumar of the BJP is his nearest opponent. According to the most recent Election Commission figures, Kishor received 31,742 votes after Round 16 counting, while Kumar trailed him by more than 8,966 votes. Ghanshyam Singh of the Congress has more than 38,000 seats in Datia, Madhya Pradesh, while Ashutosh Tiwari of the BJP is behind by 6,500 votes. The final round of counting in Manjalpur, Gujarat, has given Satendrabhai Patel of the BJP a commanding lead of more than 29,000 votes.Since the widespread nationwide student protests over the paper leaks, these are the first elections. It is anticipated that the results would reflect the sentiment of the nation, particularly among young voters. No BJP candidate has ever lost from Bankipur, the party's stronghold. Nitin Nabin, the leader of the BJP, was the last person to occupy the position before he was elected to the Rajya Sabha. However, a hitch in the BJP camp and the long-awaited arrival of Prashant Kishor in the electoral arena will make this election noteworthy.BJP candidate Abhishek Kumar Sinha withdrew last month, citing "family reasons," just one day after submitting his nomination papers. Neeraj Kumar Sinha, a leader of the youth wing, was then selected as the BJP's candidate. In the opposition camp, it had caused a great deal of laughter. Its leaders mocked the BJP by claiming that the party was "jittery at the prospects of a defeat" in the seat that the party chairman had left empty.  

Published 03 Aug 2026 04:45 PM

2 big reasons why Left thinks it lost Kerala Vijayan, soft Hindutva

L&T Realty has announced two important leadership appointments to strengthen its management team and support the company's future growth plans. The company has appointed Navneet Kaul as Executive Director and Chief Operating Officer (COO), while Rishi Kailash Bansal has been appointed as Executive Director and Head of Land and Logistics Development. Both appointments have taken effect immediately and are expected to play a key role in driving the company's expansion across residential, commercial, and logistics real estate projects. Navneet Kaul has been associated with L&T Realty for several years and has contributed to the successful execution of many major projects. As the new Chief Operating Officer, he will oversee the company's day-to-day operations, improve project delivery, and help maintain high standards of quality and customer satisfaction. His experience in managing large real estate developments is expected to support the company's long-term growth strategy. At the same time, Rishi Kailash Bansal will lead the land acquisition and logistics development business. His role will focus on identifying new development opportunities, strengthening the company's land portfolio, and expanding its presence in the rapidly growing logistics and industrial real estate sector. These appointments reflect L&T Realty's commitment to building a strong leadership team capable of meeting future business opportunities and delivering sustainable growth.  

Published 28 Jul 2026 06:13 PM

Mahua Moitra, a TMC MP, asks the HC to safeguard her from being thrown eggs.

Trinamool Congress (TMC) Member of Parliament Mahua Moitra has approached the Calcutta High Court seeking protection after alleging that eggs are being hurled at her during public appearances in West Bengal. According to her petition, such incidents have repeatedly taken place wherever she travels in her constituency, causing humiliation and disrupting her ability to perform her duties as an elected Member of Parliament. Through her lawyer, Moitra requested the court to direct the police to provide adequate security and prevent further attacks. During the hearing on Thursday, the Calcutta High Court said it would take up the matter on July 29. Moitra's counsel argued that despite an earlier court direction to prevent such incidents, the police had failed to take effective action. While an FIR has reportedly been registered, the petition claims that the lack of adequate police protection has allowed repeated acts of intimidation to continue. The court heard submissions from the state authorities before adjourning the matter to the next hearing date. The plea comes after a series of political confrontations in Nadia district, where Moitra has alleged that BJP supporters targeted her with eggs and other objects during protests. BJP leaders have denied the allegations, and the matter has become part of the ongoing political tensions between the ruling TMC and the opposition in West Bengal. The High Court's upcoming hearing is expected to determine whether additional security measures or further directions to the police are required.  

Published 23 Jul 2026 05:26 PM

On paper leak fast-track courts, the BJP supports PM Modi and challenges the opposition to discuss

The Bharatiya Janata Party (BJP) has strongly backed Prime Minister Narendra Modi's announcement to establish fast-track courts for examination paper leak cases, describing the move as a major step to protect the future of students and restore confidence in India's examination system. BJP leaders said that repeated paper leaks have harmed millions of aspirants and argued that swift trials and strict punishment are necessary to deter those involved in such crimes. The party maintained that the government's priority is to ensure justice for students and strengthen transparency in recruitment and competitive examinations. At the same time, BJP leaders challenged Opposition parties to hold a full debate in Parliament on the issue. They accused the Opposition of politicising student concerns instead of supporting legal reforms aimed at curbing paper leaks. According to the BJP, the government is willing to discuss examination reforms, accountability, and measures to prevent future leaks, while also highlighting the proposed fast-track courts as a concrete policy response rather than a political statement. The announcement comes amid ongoing protests and political criticism over recent examination paper leak incidents. Opposition leaders, including Rahul Gandhi, argued that fast-track courts alone are insufficient and demanded broader accountability, including action against those responsible for administrative failures. They have continued to press for wider reforms in the examination system and questioned the government's handling of the issue. Prime Minister Modi said that "nothing is more important than the future of the youth" and assured students that those responsible for paper leaks would face speedy trials and stringent punishment. The government believes that dedicated fast-track courts will help deliver quicker justice, discourage organised examination fraud, and reinforce public trust in the country's recruitment and education systems.  

Published 23 Jul 2026 05:16 PM

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Ram Mandir Inauguration: TN govt slams Finance Minister for spreading falsehood over live telecast ban

The Tamil Nadu government has hit back at Union Finance Minister Nirmala Sitharaman's claims that the state has prohibited the live telecast of Ayodhya Ram Mandir programmes scheduled for January 22. P Sekar Babu, Tamil Nadu Minister for Hindu Religious & Charitable Endowments, dismissed these allegations and criticised Sitharaman for "purposefully propagating this erroneous information"."The Hindu Religious and Charitable Endowments department hasn't imposed any limitations on devotees' freedom to offer food, conduct poojas in the name of Shri Ram, or provide prasad in Tamil Nadu temples. It is unfortunate that people in office, like Union Finance Minister Mrs. Nirmala Sitharaman and others, are purposefully porpagating this erroneous information," Sekar Babu said in a post on X (formerly Twitter). Earlier on Sunday, Sitharaman claimed that the Tamil Nadu government prohibited the live telecast of the prgrammes and took to social media to denounced the Chief Minister MK Stalin-led DMK government, labelling the it as "anti-Hindu" and "hateful."Sitharaman had alleged that the "ban" extends to Hindu Religious and Charitable Endowments (HR&CE) managed temples, where she claimed activities such as puja, bhajan, prasadam, and annadanam in the name of Lord Ram are not permitted. She further accused the police of intervening in privately held temples, preventing them from organising events and issuing threats of dismantling pandals.Sitharaman alleged that individuals are facing obstacles and threats while attempting to organize bhajans, provide food to the needy, distribute sweets, and celebrate, all to witness Prime Minister Narendra Modi's participation in the Ram Temple consecration ceremony at Ayodhya.The Finance Minister went on to claim that cable TV operators have been warned about possible power cuts during the live telecast, branding it as an "anti-Hindu move" orchestrated by the DMK, a key partner in the INDIA alliance. Sitharaman accused the Tamil Nadu government of "unofficially" citing law and order concerns as a justification for the ban on live telecast.    

Published 24 Jan 2024 11:16 PM

Ram Mandir Inauguration Half-day holiday for Delhi govt schools

The Delhi government has declared a half-day holiday for all government and government-aided schools till 2.30 pm. In an official circular, Bhupesh Chaudary, Delhi’s Director of Education, said this only applies to schools running in the general and morning shifts. However, schools running in the shift will start at 2.30 pm and run till 5.30 pm.The Tamil Nadu government has hit back at Union Finance Minister Nirmala Sitharaman’s claims that the state has prohibited the live telecast of Ayodhya Ram Mandir programmes scheduled for January 22. P Sekar Babu, Tamil Nadu Minister for Hindu Religious & Charitable Endowments, dismissed these allegations and criticised Sitharaman for “purposefully propagating this erroneous information”. Read more.The NDMC has adorned key locations in Lutyens’ Delhi with captivating flower boards to celebrate the consecration ceremony at the Ram temple in Ayodhya, its vice-chairman Satish Upadhyay said on Sunday. He added that prominent locations, including Khan Market, BKS Marg, Connaught Place, Mandi House roundabout, PM House roundabout, Malcha Marg Market, Yashwant Place Market, Dilli Haat, Birla Mandir and 11 Murti, have been decorated. Upadhyay said the “headquarters of the New Delhi Municipal Council (NDMC) is also illuminated with radiance” in view of the auspicious occasion. In anticipation of the consecration ceremony at Ayodhya’s Ram temple on Monday, January 22, authorities have implemented advanced security measures, employing cutting-edge technology to safeguard the sacred event and the devotees in attendance.Prime Minister Narendra Modi will spend five hours in Ayodhya as the consecration ceremony or ‘pran pratishtha’ of Ram Temple will happen on Monday, January 22. Over 8,000 special invitees will witness the grand event outside the ‘garbh griha’ or sanctum sanctorum.Temples in Puducherry will livestream the consecration of the Lord Ram temple at Ayodhya on their premises after the territorial government issued circulars directing them to make arrangements, official sources told PTI on Sunday. The temple management is gearing up to perform customary rituals for the idols of Lord Ram and his consort, Goddess Sita, before the live telecast, the sources said. Chief Minister N Rangasamy, other Ministers and legislators would be among those who would virtually watch the consecration event at a local Vishnu temple, official sources said. The Shri Ram Janmabhoomi Teerth Kshetra Trust has got ‘mahaprasad’ prepared for the VIPs coming to attend the consecration ceremony in Ayodhya on Monday. More than 20,000 packets of ‘mahaprasad’, which has been prepared with pure ghee, five types of dry fruits, sugar, gram flour (‘besan’) is being handed over to the Trust for the guest after the ceremony, an official said.The AAP government in Delhi is inspired by the concept of “Ram Rajya” and draws motivation from it in providing various facilities to the people of the national capital, Chief Minister Arvind Kejriwal said on Sunday. Kejriwal made the remarks at the three-day Ramlila event being organised by the Delhi government’s Art, Culture and Languages department. The conclusion of the event, which began on Saturday, will coincide with the consecration ceremony at the Ram temple in Ayodhya.Engineering and construction conglomerate Larsen & Toubro (L&T) on Sunday said that it has designed and built the Ram Temple in Ayodhya, Uttar Pradesh. The much-awaited Ram temple consecration will be held on Monday. Prime Minister Narendra Modi will attend the rituals, following which the shrine will be opened to the public a day later.As mandated by the Shri Ram Janmbhoomi Teerth Kshetra Trust, Larsen & Toubro has successfully designed and built the Shri Ram Janmbhoomi Temple, establishing a new milestone in architectural grandeur, the construction firm said in a statement. The temple stands within a 70-acre complex, with its design rooted in the ancient Nagara style of architecture.Attired in vibrant colours with a big turban on his head and silver jewellery embellishing his hand and feet, a man plays mellifluous tunes on his bamboo flute to the praise of Lord Krishna in the land of Lord Ram. Meet Swami Adbhut from Ujjain, who has been dressing up in Lord Krishan’s attire for the past 16 years. He claimed that he maintains this appearance throughout the day.“The entire world is imbued in the spirit of Lord Krishna. Both Lord Ram and Lord Krishna are manifestations of the same divine essence,” he said, adding that he is in Ayodhya for the consecration event of January 22 and to “behold the divine presence of the Lord”. While in Ayodhya, he displays an image of Lord Krishna and plays his flute while keeping the rhythm by jingling his anklets.Actor Kangana Ranaut says it’s her “good fortune” to be invited for the Ram temple consecration ceremony on Monday. The 36-year-old actor on Sunday met her spiritual guru Rambhadracharya and participated in a yagya at a temple in Ayodhya.    

Published 24 Jan 2024 11:16 PM

Botree Software International Pvt. Ltd.

Navigating the intricacies of distribution management has long been a challenge in the business landscape, posing hurdles for companies seeking to optimise their supply chains. The complexities of managing distribution and elevating retail execution have proven to be significant obstacles. It is within this challenging terrain that Botree Software has risen as a transformative force.As a pioneer and leader in route-to-market solutions, Botree has redefined the management of distribution and the enhancement of retail execution for brands. With an illustrious 25+ year history, the Botree product ecosystem empowers over 60 blue-chip clients, 85,000+ distributors, 32,000+ active sales representatives, and reaches 5+ million retail stores. This extensive reach contributes to increased market share, revenue, and profit for its clients. Serving diverse industries such as FMCG, Consumer Durables, and OTC Pharma, Botree Software exemplifies scalable, innovative, and impactful solutions across various sectors.Botree’s inception stems from inspiration drawn from Gautama Buddha’s enlightenment under the Bodhi Tree. Pioneering Distributor Management Software (DMS) from the outset, Botree was the first to provide an enterprise-grade DMS to marquee brands such as Amul, Nestle, Parle, and Marico that helped them gain visibility into their secondary sales, manage inventories, drive trade promotion schemes, etc. nationally.While facing initial resistance from distributors to provide visibility and transparency, early adopters in the FMCG sector played a pivotal role in establishing Botree as the go-to DMS provider for big brands. Strategic collaborations with industry giants like Hindustan Unilever and Nestle India became turning points, propelling Botree into prominence. The commitment to delivering a high-quality domain-centric, scalable, and enterprise-grade DMS supported by strong customer service resonated with FMCG brands and distributors, fostering a dedicated following for Botree. Some of their esteemed clientele includes renowned names like Dabur India Limited, Marico Limited, Nestle India Limited, Tata Consumer, Perfetti Van Melle India, Amul, Kenvue (erstwhile J&J Consumer), etc.Expanding offerings to meet evolving customer needs translated into increased market share and a growing customer base. Today, Botree Software stands as a name synonymous with DMS, reflecting its unmatched expertise and enduring impact in the industries it operates in.Keyur Maniar, an accomplished and seasoned professional, brings over three decades of diverse and enriching sales, delivery, and cross-functional experience with a demonstrated track record of meeting P&L, CSAT, and Risk/Compliance goals. Over the years, he has progressed through various roles, including Director and Senior Vice President at leading firms, before assuming his current position. His journey through various roles has cultivated his strategic thinking, leadership skills, and keen business acumen and enabled him to quickly analyse key business issues and to develop and execute transformation strategies to grow top-line and bottom-line. Currently, under his guidance, Botree is undergoing a significant cultural and technological transformation over the past 18 months.Botree is revolutionising supply chain management with its comprehensive end-to-end solutions, addressing industry-specific challenges in distribution and retail automation. Designed for sectors like CPG, Consumer Durables, and OTC Pharma, these solutions offer a holistic approach to optimising inventory, streamlining orders, driving trade promotions, and enhancing the customer experience.Products such as Botree Sales Force Automation (SFA), Botree DMS, Botree Mobile DMS, Botree FlexiDMS, Botree Retailer Connect, and Botree Insights automate sales and distribution channels as well as provide actionable insights to drive revenue velocity.As more companies seek a single vendor for comprehensive sales digitisation, Botree stands out as the only one capable of meeting this requirement. Designed to be light and scalable, their solutions ensure effectiveness even in areas with limited internet connectivity, showcasing their commitment to staying at the forefront of technological advancements in route-to-market supply chain digitisation. Although initially focusing on larger enterprises, Botree Software has adapted its strategy over the last 18 months. The surge of regional as well as D2C players entering the market led to the introduction of a robust SaaS solution alongside its enterprise offering to accommodate these emerging businesses. Recognising the growth potential, Botree Software actively targets tier 2 and tier 3 players, aligning its solutions with the diverse needs of these emerging market players.Whether used standalone or as part of an integrated solution, Botree’s offerings cater to diverse business needs. Recognising the uniqueness of each enterprise, Botree provides tailored solutions across both enterprise and SaaS models, ensuring that the outcomes exceed client expectations, thereby fostering efficiency and sustainable growth. Prioritising scalability, innovation, and client centricity while delivering robust, reliable products through cutting-edge technologies makes Botree Software stand out in a competitive market. Despite the emergence of a fair number of competitors, Botree maintains its uniqueness, competitive differentiators, and enduring client preference amongst brands of all sizes.    

Published 24 Jan 2024 11:15 PM

MediBuddy vHealth: Pioneering Digital Healthcare Solutions for a Healthier Tomorrow

In the ever-evolving landscape of modern-day healthcare, where accessibility, convenience, and innovative solutions are paramount, digital healthcare platforms emerge as game-changers. These platforms bridge geographical gaps, providing accessible and convenient healthcare services through telemedicine, remote monitoring, and efficient data management. By leveraging technology, they enhance communication, streamline processes, and offer cost-effective solutions. Among the pioneers leading this charge is MediBuddy vHealth, a trailblazing digital healthcare organisation at the forefront of India’s healthcare revolution. As the country grapples with challenges in traditional healthcare, MediBuddy vHealth stands out for its commitment to providing accessible and convenient healthcare services through telemedicine, remote monitoring, and cutting-edge technology.As one of India’s leading digital healthcare organisations, MediBuddy vHealth provides preventive and primary quality care services to over 3.5 million active subscribers. These include unlimited doctor consultations, Specialists OPD consultations, preventive blood test packages, and deeply discounted medicine delivery, all conveniently brought to the member’s doorstep. Their integrated healthcare ecosystem combines in-house doctors’ expertise with a vast network of 3500+ partner healthcare centres, thus emphasising on clinical excellence through advanced technology. Operating under Indian Health Organization Pvt. Ltd., a wholly owned subsidiary of Medibuddy, India’s largest health-tech platform, MediBuddy vHealth is a market leader in the B2B2C segment having India’s finest NBFCs, MFIs, Banks, Insurance aggregators, Fintech companies and alike as distribution partners. MB vHealth is empowered by a dedicated team of 200 clinical and non-clinical staff, standing as a beacon of innovation in the digital healthcare landscape. Their vast partner network of healthcare providers is spread across 2000+ Indian cities, comprising of premium hospital chains & standalone clinics, prominent dental chains, top offline & online pharmacies and leading diagnostic labs, offering seamless access to quality healthcare services anytime, anywhere.Guided by a mission that integrates healthcare, science, AI, and human intervention, MediBuddy vHealth is committed to making high-quality healthcare accessible to a billion people and is driven by its 12 core values, known as MBB/MediBuddy Beliefs, shaping its decision-making and work approach.Established in 2017, MediBuddy vHealth (formerly vHealth by Aetna) has evolved as a subsidiary of MediBuddy, India’s largest Digital Healthcare platform. A pivotal moment in the company’s journey occurred in February 2023 with the acquisition of Indian Health Organization Private Limited by MediBuddy, thus starting the transition journey from ‘vHealth by Aetna’ to ‘MediBuddy vHealth’. Today, MediBuddy vHealth stands as a leading primary healthcare service provider in the B2B2C healthcare domain in India. The array of subscription-based primary healthcare services offered includes online teleconsultations with MediBuddy vHealth doctors, an expansive outpatient network, pharmacy services, diagnostics, and dental care. Ensuring quality care delivery, the clinical team takes complete ownership of the treatment process.Amidst the widespread healthcare landscape and a challenging doctor-patient ratio in India, digital healthcare emerges as a pivotal factor in addressing these issues, particularly in the aftermath of Covid.Globally recognised healthcare solutions emphasise the importance of ‘access to quality primary care,’ and MediBuddy vHealth aligns with this ethos. By ensuring that its doctors spend quality time with patients and employ evidence-based medicine for accurate diagnoses, the platform has pioneered accessible and affordable preventive healthcare services, reducing the need to visit a hospital by 70% (as per an independent research).    

Published 24 Jan 2024 11:14 PM

Accelerating enterprise global capability maturity using digital capabilities and practitioner’s strength.

Global Capability Centers (GCCs) are consistently gaining patronage as a strategic lever and have seen rapid growth over the past couple of years. GCCs are in-house units that are set up by multinational companies in offshore geographies to take advantage of low operating costs, talent availability and language skills. Large companies have been using an outsourced model; however, over the years, there has been a major shift towards a GCC model, which is also referred to as in-house centres. Early on, these units were set up to take advantage of the cost and talent arbitrage, but have now progressed to be ‘value creators’ and are being leveraged as innovation and transformation hubs. India continues to be the top destination for new GCCs, hosting over 1580 centres with a talent pool exceeding 1.66 million professionals as of June 2023.With a mission to simplify and make GCCs accessible and be size agnostic, Gloplax was founded in 2019 by leaders of the global sourcing industry. Gloplax has emerged as a ‘game changer’ in facilitating the establishment and operation of GCCs in India and the Philippines. Leveraging extensive experience, practitioner’s strength, and a digital ecosystem, Gloplax is rightly poised to accelerate the GCC journey for its clients. Gloplax has become a trusted partner for marquee brands in Financial Services and Retail. With a global presence spanning India, Philippines, US, UK, and Australia, Gloplax provides a definite edge in enabling seamless global operations.A successful GCC set-up requires a comprehensive ecosystem to support/ enable at each stage of its lifecycle. Gloplax has developed a digital ecosystem that comprises advanced technology-enabled tools, frameworks, verified vendor partners and reliable industry data and insights. The Gloplax team has a history of successfully setting up and running Global Capability Centres (GCCs) of leading multinational companies over the last two and a half decades.Their commitment extends across the entire value chain of global sourcing, guided by the core belief that solutions should be tailored to each client’s unique context. “Embracing a bespoke approach supported by our distinctive 3E model – Effectiveness, Efficiency and Experience integrated in all that we do, Gloplax ensures customised and impactful solutions for every engagement.” Shared Aveek Mukherjee, Co-founder and MD, Gloplax. Founded by professionals and senior leaders from the global sourcing industry, Gloplax distinguishes itself through deep experience and a technology-enabled operating environment. The leaders at Gloplax are proud of their impressive legacy of establishing GCCs for leading Financial Services companies and MNCs from other industries, Retail, Technology and other industries. Gloplax recently announced a strategic alliance with KPMG in India, a prominent advisor in the GCC domain. Together, they present a comprehensive “GCC as a service” model encompassing strategy and design, capability building, facility setup, operational management, and support functions like Human Resources, Finance, Risk Management, Compliance, Branding, Recruitment, and technology implementation. This collaborative model offers numerous advantages, including lower capital outlay, accelerated time to market, flexibility in team scaling, access to high-quality talent, market insights, industry experts, and competitive costs compared to traditional standalone GCC models. The joint service model caters to diverse industries such as Financial Services, TMT (technology, media, and telecommunications), Healthcare, ENR (energy and natural resources), Manufacturing, Insurance, and more. Charlie Roberson brings a wealth of experience from his 28-year career, retiring as Executive Vice President at a large US bank. Leading the company’s global services from its inception in 2007, he grew it to 25,000+ resources within a decade. Charlie’s approach, tailored to the company’s culture, earned the trust of senior leaders. Under his leadership, Gloplax excels in assessing opportunities, supporting decision-makers, and providing ongoing delivery excellence, primarily in India and the Philippines.    

Published 24 Jan 2024 11:10 PM

Governments cash surplus tops Rs 3.4 lakh crore

Apart from the deceleration in government spending, higher direct tax collections and a likely sharp rise in issuances of Treasury Bills by the Centre in FY24 were factors pushing up the government's cash balances, analysts said. The flow of government cash balances to and from the banking system is a key factor that influences liquidity conditions. Mumbai: A constant feature of the Indian banking system over the past couple of months has been the prevalence of large deficit liquidity conditions, and one of the factors behind banks' scramble for funds is a massive build-up of government cash balances as the Centre slows down spending.Apart from the deceleration in government spending, higher direct tax collections and a likely sharp rise in issuances of Treasury Bills by the Centre in FY24 were factors pushing up the government's cash balances, analysts said. The flow of government cash balances to and from the banking system is a key factor that influences liquidity conditions."Government cash surplus as of Janury 12, 2024 is tracking at ₹3.4 lakh crore versus ₹1.6 lakh crore as of January 13, 2023. We see space for expenditure savings for the Centre on transfers to states which consists of finance commission grants, centrally sponsored schemes and central sector schemes, loans for capital expenditure etc," said Gaura Sengupta, economist at IDFC First Bank. "Based on data from Finance Ministry, 15th Finance Commission grants to states are tracking 29%YoY lower in FYTD24 (Apr-Dec)," she said.As on January 16, the headline liquidity deficit in the banking system was at ₹1.94 lakh crore, Reserve Bank of India data showed. Liquidity in the banking system typically tightens around the middle of a month due to tax outflows before easing towards the end of the month as the government spends on salaries and pensions of employees. With banks facing a scarcity of funds at present, the weighted average call rate (WACR) closed at 6.76% on Wednesday, much higher than the repo rate of 6.50%. The elevated money market rates have pushed up costs of funds for banks, and in turn for corporates, looking to raise money through short-term debt."It's speculative to say that the build-up in cash balance is for any particular reason, but one thing is that the government started the year in WMA (Ways and Means Advances), so there might have been a target to build up the cash balance for the end of the year as well," said A Prasanna, head of research at ICICI Securities Primary Dealership. WMA is a funding facility that the RBI extends to the government in order to tide over short-term cash-flow mismatches.Till January 11, the government's net direct tax collections rose 19% annually to ₹14.70 lakh crore, official data released last week showed. Tax collections till then were at 81% of the full-year target.  

Published 24 Jan 2024 11:11 PM

HDFC Bank seeks Singapore bank license to grow overseas

HDFC Bank, India's largest private sector lender, is seeking approval for a banking license in Singapore. The bank aims to tap into the Indian diaspora in Singapore for savings and term deposits, as well as cross-sell products like mortgages. HDFC Bank already has a presence in London, Hong Kong, and Bahrain. With a customer base of 93 million, the bank is expanding its reach overseas after a merger with Housing Development Finance Corp. last year.HDFC Bank Ltd, India’s biggest private sector lender, is seeking to open its first branch in Singapore, signaling its overseas ambitions after sewing up a landmark merger with mortgage financier Housing Development Finance Corp. last year.  The bank has applied to the Monetary Authority of Singapore for a banking license and is awaiting approval, according to sources familiar with the matter. It is not clear what kind of banking license HDFC Bank is seeking in Singapore, said one of the people, who declined to be identified as the information is confidential. The banking giant is seeking a bigger presence abroad to tap the Indian diaspora for savings and term deposits, as well as to cross-sell more products, including mortgages, the people said. At home, HDFC has been focusing on deepening its reach in the world’s most populous country through loans to retail customers. HDFC Bank did not respond to an email seeking comment. “As a matter of policy, MAS does not comment on our dealings with financial institutions,” according to a spokesperson from the Singapore regulator. Singapore, with a population of almost 6 million people, houses a large India diaspora. About 650,000 non-resident and persons of Indian origin live in the city-state, according to Indian government data.HDFC Bank is currently not licensed or regulated by the MAS, according to its website. It only provides home loans-related advisory services for the purchase of properties in India, the website states. The categories of banking licenses in Singapore encompass full banks, qualifying full banks and wholesale banks, which impose varying levels of restrictions on the lenders’ activities. State Bank of India and ICICI Bank Ltd. hold qualifying full banking licenses, alongside eight other banks like Bank of China Ltd. and BNP Paribas SA. Such licenses are open only to foreign banks and allow them to have additional branches and/or off-premise ATMs as well as to share ATMs among themselves, according to the Association of Banks in Singapore’s website.The MAS regulates and supervises more than 150 deposit-taking institutions in Singapore, ranging from full banks to finance companies, according to its website.  

Published 24 Jan 2024 11:11 PM

Teslas winter woes: A storm of challenges and disruption

Tesla is grappling with operational, strategic, and environmental challenges that impact its stock value and investor focus. The recent challenges placing Tesla in the headlines, including operational disruptions, strategic market adjustments, and technological limitations in cold weather, have impacted its stock price, contributing to a 13% decline in the past thirty days. Tesla's analysts are concerned about business growth, which has shown signs of deterioration in recent quarters. This, combined with the company's high valuation, makes some analysts cautious about Tesla's stock in the medium term.Despite these concerns, Tesla's diverse business operations beyond just manufacturing cars offer some optimism. Its advancements in other areas, like energy solutions and technology innovations, provide potential growth avenues. However, the company's core focus on car manufacturing is subject to market cyclicality, which currently does not favor bullish sentiments.Investors eagerly anticipate the release of the Q4 earnings report and guidance for the fiscal year 2024, as it will impact the company's stock valuation. Manufacturing efficiency and the number of vehicles manufactured are pivotal in influencing investors' interest. While some investors maintain a positive outlook based on potential long-term growth, Tesla’s overall sentiment is a mix of optimism and caution. Some investors and Tesla stock analysts have adopted a bearish stance due to the company's prevailing challenges and market dynamics. Tesla's Berlin gigafactory is pivotal to its European market growth. The Berlin gigafactory has recently halted operations due to supply chain issues linked to the Red Sea blockade. This crucial maritime channel is integral to global trade, and its disruption has had a domino effect, underlining the vulnerability of global manufacturing networks to geopolitical strife. The Berlin factory, known for its state-of-the-art production capabilities, now faces uncertainties that concern investors, particularly regarding potential delays in vehicle production and distribution. This halt impacts Tesla's operational efficiency and places added pressure on its stock value as the market reacts to these unforeseen challenges and the possible implications for Tesla's European market performance and overall global supply chain efficiency.In response to intensifying competition in China and Europe, Tesla has strategically reduced prices for select models in these key markets. This price adjustment is calculated to strengthen Tesla’s standing, especially in China, where the demand for affordable electric vehicles is rapidly expanding. While this strategy could potentially increase Tesla's market share in the short term, it raises crucial questions about its long-term effects on its profitability and financial health. These concerns are particularly pertinent for investors as they weigh the implications of Tesla's pricing strategy on its future revenue streams and overall market sustainability.   

Published 24 Jan 2024 11:12 PM

Indias most valuable PSU remains a wealth destroyer

Life Insurance Corporation of India (LIC) overtook State Bank of India on Wednesday to become India's most valuable state-run company in terms of market capitalisation. At the start of trading on Wednesday, LIC had a market capitalisation of ₹5.66 lakh crore, compared to SBI's ₹5.64 lakh crore, though SBI recovered from opening lows to reclaim the top spot for a brief period again. However, despite becoming India's most valued company, LIC has caused loss of investor wealth. The stock listed at a discount in May 2022, a level it only crossed on Tuesday, nearly two years after listing. Although the stock has crossed the retail IPO price of ₹904, it remains below the original IPO price of ₹949. Over the last 12 months, the stock has gained only 27%, compared to other PSE index constituents like REC, PFC, BHEL and HAL, which have gained anywhere between 140% to 250% over the same time frame. In fact, LIC shares are the second-worst performers on the Nifty PSE index over a 12-month period, only ahead of Container Corporation of India, which is up 25%. LIC remains India's biggest IPO where the government sold a 3.5% stake to mobilise over ₹21,000 crore. That is the only stake sold in the open market yet as the government continues to hold the remaining 96.5%. DIPAM Secretary Tuhin Kanta Pandey in his prior interactions with CNBC-TV18 had mentioned that an LIC Follow-On Public Offer (FPO) is not on the cards yet. Additionally, unlike other PSUs, LIC has been granted an exemption from complying with minimum public shareholding norms. It can achieve the 25% minimum public shareholding by May 2032, instead of the usual three years. LIC shares have recovered from their 52-week low of ₹530 and despite this rally are trading at 0.85 times price-to-embedded value. Shares of LIC are trading 0.6% lower at ₹887.2. The stock is up 11% over the last month.  

Published 24 Jan 2024 11:12 PM

Ram Mandir News - RJD chief Lalu Yadav to skip Ram Mandir Pran Pratistha ceremony

Ahead of the pranpratishtha ceremony, Ayodhya Ram Temple Construction Committee Chairman, Nripendra Mishra says, “…a historic event…There is not only in India but all over who have faith, they feel that their rights have been recognised, their faith has been respected. So, from that sense of the term, there is jubilation. But at the same time, I would say and I believe what the PM said in 2019 when the judgement came – there should be no sense of victory or there should be no sense of defeat. We must all accept the judicial pronouncement. So, everyone is cautious that while you celebrate this day, don’t celebrate this day as something which is to show any other person of a different faith that he is less important to this country. This country belongs to everybody.” Priest Sunil Das in Ayodhya says, “This Ayodhya temple will be the centre for universal peace centre….” Priest Sunil Das conducted religious rituals in the ‘Garbha Griha’ of Ayodhya Ram Temple today. Union Minister Anurag Thakur criticized the Congress and other opposition parties for staying away from the Ram temple consecration ceremony in Ayodhya. Thakur, accompanied by Delhi BJP chief Virendra Sachdeva, participated in a cleanliness drive at the Valmiki temple premises. He warned that the opposition’s decision to boycott the ceremony might lead to people boycotting them, citing past instances when public support waned due to similar actions. The “pran pratishtha” ceremony is scheduled for January 22 as part of the BJP’s “Swachhata Sewa” programme. Former Chief Minister and RJD chief Lalu Prasad Yadav, on Wednesday, said that he will not be attending the Pran Pratishtha ceremony at the Ram Mandir in Ayodhya on January 22.“I will not go to Ayodhya to attend the pran partishtha ceremony of the Ram temple,” he said.   

Published 24 Jan 2024 11:13 PM

Sensex tumbles 1,628.01 points to close at 71,500.76; Nifty plunges 460.35 points to 21,571.95

The company has received additional orders worth ₹339.31 crore since the last disclosure on 26th Dec 2023 and these orders pertain to Combat Management System, Composite Communication System, Transmit / Receive Modules, Mobile Autonomous Stabilization System and other spares / services, said BEL in a filing to the exchanges. Nifty Banks Slides More Than 4%, Biggest Fall Since February 2022. HDFC Bank Records Worst Day In 3 Years, Falls Over 8% After Earning. HDFC Bank Contributes Over 50% Fall To Both Nifty & Nifty Bank. HDFC Bank Reacts Sharply To Earnings, Erases `1 Lk Cr Market Cap. BSE-listed Cos Erase Market Cap Of `4 Lakh Cr Today. All Sectoral Indices Close In The Red While Volatility Index Surges 11%. Sensex Slides 1,628 Points To 71,501 & Nifty 460 Points To 21,572. Nifty Bank Falls 2,061 Points To 46,064 & Midcap Index 516 Points To 47,152Except Bandhan, All Nifty Bank Constituents End In The Red. IEX Slides 11% On Power Minister’s Mkt Coupling Comment. Asian Paints Reports Earnings In-Line, Stock Is Down 2%. Pricol Sees Block Deals Of Over 15%, Minda Corp & PE Likely Sellers. IT Stocks See Buying Amid Market Sell-off, Most IT Stocks In The Green. ICICI Lombard Surges After An Improved Showing In Q3, Up 6%. L&T Tech Surges Despite Reporting Below-than-expected Results, Up 4%. Polycab Extends Gains, Closes With A Gain Of 2% Ahead Of Results. Market Breadth Fvaours Declines, Advance-Decline Ratio At 1:3.In what was touted to be a takeover attempt, Minda Corp mentioned that this was only a financial investment and will not fetch them any special rights in Pricol other than those of a normal shareholder. The management of Pricol had told CNBC-TV18 on February 17 that the promoters have no intention to sell any stake in the company as it is on the path of growth and is doing well. "I definitely do not want to sell. I'm 1,000 percent committed to this business," Mohan said. "Our market share has gone up. We have a very strong order book, zero long term debt, healthy cash profits, capacity, and we know we are on a growth curve. So why would I sell?" he further added. On January 4 this year, India's competition regulator had said that prima facie, the proposed merger by Minda may have adverse on competition and that it intends to conduct further inquiry into the process. Shares of Pricol are off the day's low, currently trading 2% lower at ₹360.70, while those of Minda Corp have surged to the day's high, currently trading 3% higher at ₹395.75.  

Published 24 Jan 2024 11:09 PM

Süd-Chemie India Pvt. Ltd.

The chemical manufacturing industry is currently undergoing a significant transformation, marked by a surge in demand for sustainable products and a shift towards circular economy practices. At the forefront of driving this change is Süd-Chemie India Pvt. Ltd. (SCIL), a pioneering company led by CEO Mr Prakash Babu Surya. Founded in 1969 as Catalysts & Chemicals India (West Asia) Pvt. Ltd., the company emerged as a leader in catalysis. Subsequent mergers and acquisitions led to transformations, with the company being renamed United Catalysts India Ltd. (UCIL) in 1979 and Süd-Chemie India Pvt. Ltd. (SCIL) in 2000 with Süd-Chemie A.G. Germany acquiring CCI, USA’s shares. Acquired by Clariant International in 2011, SCIL now stands as a global giant, delivering catalyst solutions and catering to both Indian and international markets. Their strength lies in a profound understanding of chemistry and its applications, addressing the specific needs of clients in both Indian and international markets. SUD Chemie India Private Limited is a Non-govt company, incorporated on 28 Feb, 1969. It's a private unlisted company and is classified as'company limited by shares'.Company's authorized capital stands at Rs 100.0 lakhs and has 96.23% paid-up capital which is Rs 96.23 lakhs. SUD Chemie India Private Limited last annual general meet (AGM) happened on 19 Sep, 2017. The company last updated its financials on 31 Mar, 2017 as per Ministry of Corporate Affairs (MCA).SUD Chemie India Private Limited is majorly in Manufacturing (Metals & Chemicals, and products thereof) business from last 54 years and currently, company operations are active. Current board members & directors are ARSHIA ALTAF LALLJEE, ISKANDER ALTAF LALLJEE, HAMIDA ALTAF LALLJEE, ADNAN WAJHAT AHMAD, DEEPAK RASIKLAL PARIKH, STEFAN CHRISTOF JOHANNES HEUSER, KARL HOLGER DIERSSEN and NYELA KALSIA .Company is registered in ROC-Ernakulam (Kerala) Registrar Office. SUD Chemie India Private Limited registered address is EDAYAR INDUSTRIALDEVELOPMENT AREA BINANIPURAM P O ALUVA ERNAKULAM KL 683502 IN.    

Published 24 Jan 2024 11:08 PM

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