India News & Trends
How CTV can prevent repeating the ad errors of linear TV for living room monetization
Connected TV live sports are about to enter a crucial period of recalibration. The medium is plagued by an old broadcast reflex: more advertisements equal more money, despite its promises of scale, accuracy, and living-room supremacy. A fundamental concern for the ecosystem is raised by the growing need to profit from every stop as live matches draw enormous concurrent audiences. To what extent can ad loads be increased before fandom becomes transactional and viewer immersion breaks down? Tolerance is a delicate currency in an environment where control and choice are paramount. This unique research explores what sustainability actually means during live sports by bringing together voices from the CTV, ad-tech, platform, and agency sectors. Beyond simple inventory counts, topics like experience design, temporal intelligence, creative ecosystems, and attention economics are covered. The emphasis is on creating a model where monetization does not come at the expense of loyalty, taking into account factors like the unpredictable nature of live broadcasts and the potential to increase interaction after the final whistle. The fundamental conflict is obvious: how well the ecosystem learns to use the screen, rather than how much advertising it can accommodate, will determine the direction of CTV sports in the future.
Published 24 Feb 2026 05:42 PM
Instamart's viral water gun stunt transforms a Mumbai pani puri booth into a Holi playground.
After a vendor was caught on camera filling puris with a water cannon as part of a festive promotion by quick-commerce company Instamart ahead of Holi, a pani puri stand in Mumbai became the newest social media star. The vendor is shown firing paani directly into the crisp puris in a video that has gone viral on LinkedIn and Instagram, replacing the typical steel matka with colorful water blasters. A large number of office workers, students, and bystanders were drawn to the unique scene, and many of them took out their phones to capture the action. In order to highlight its selection of water weapons on the platform in advance of the festival, Instamart planned the stunt. Videos of the "Holi practice" went viral online, evoking a range of responses from amusing arguments about wet puris to amusement and admiration for the vendor's goal. There are two types of Holi individuals, according to a social media user: The ones that say, "I'll sit inside." And the ones that say, "Give me the biggest water gun." This was obviously designed by Instamart for the second category. "This felt more like a deleted Holi scene from Yeh Jawaani Hai Deewani than a brand activation," another user commented.Water guns have evolved from toys for kids to expensive adult purchases over the Holi season, with many consumers shelling out hefty sums of money for high-performance blasters. This change is reflected in Instamart's Holi collection, which features high-end water pistols with precision and power, such as SPYRA, a German-engineered weapon that has drawn interest from senior citizens worldwide. Other comparable products are Toyshine and NERF water guns, which are currently sold on Instamart.already though the celebration is still a few weeks away, the widely shared scene in Mumbai indicates that Holi purchasing has already started and that this year's puris are already getting practice shots.
Published 23 Feb 2026 05:56 PM
Invideo expands AI-driven filmmaking by acquiring GoBo Labs.
GoBo Labs, an award-winning Indian creative AI company created by Hridaye Ashish Nagpal, Vishal Balsara, and Nishant Tahilramani, has been acquired by Invideo, one of the most significant AI video creation platforms in the world.This acquisition is a strategic move to develop the next generation of Invideo's creative platform with the knowledge of Ailmmakers, who have led the way in AI-Airst storytelling, rather than a foray into agency or production work.GoBo Labs, one of India's first and most inventive AI-powered creative studios, unveiled the nation's first AI-Airst Ailmmaking workAlow, which skilfully combined storytelling, VFX, and animatics with cutting-edge production tools. Their efforts have fuelled notable advertising campaigns for Lux, Vaseline, Gulf Oil, Fabelle, Mahindra, Hindustan Times, and more, solidifying GoBo's position as a pioneer at the nexus of creativity and cutting-edge technology.GoBo's addition to Invideo gives the platform access to a creative force that continuously pushes the boundaries of what is achievable when innovative tools and artistic vision collide.According to Sanket Shah, co-founder and CEO of Invideo, "GoBo has broadened the scope of what creators can accomplish with AI." "When combined with our technology, their creative intuition opens the door to a future where all creators worldwide can access faster, richer, and more accessible storytelling."
Published 20 Feb 2026 12:20 PM
Together, limitless is the audacious new corporate brand identity that Tata Communications has unveiled.
Together, limitless embodies the company's conviction that the most significant advancements are made when knowledge, networks, and collaborations unite to produce results that transcend conventional limits."Together, limitless" embodies the company's conviction that the most significant advancements are made when knowledge, networks, and collaborations unite to produce results that transcend conventional limits.A.S. Lakshminarayanan, MD & CEO, Tata Communications, stated, "Our customers trust us because of the deep expertise we bring and the commitment with which our people deliver every day." "We are defined by that desire. We are currently developing into a more cohesive, forward-thinking business. "Together, limitless" embodies the new Tata Communications, which is based on trust, transformation-driven, and committed to helping our clients do more than they have in the past. The new positioning coincides with businesses rethinking their operations in increasingly intricate, interconnected ecosystems and managing growing demands for responsibility, speed, resilience, and security. This reflects Tata Communications' own change, which includes a greater emphasis on long-term value development, closer customer partnerships, and an expanding worldwide presence."As customers' aspirations have evolved over time, so too has our relevance to them," Lakshminarayanan stated. We have now moved into a new stage of change, enhancing our capacities in operations, sales and marketing, and goods. Organizations are using our Digital Fabric to streamline complexity and spur innovation. Our goal to become more involved in our clients' growth journeys is reflected in our new brand promise.Fundamentally, "Together, limitless" characterizes Tata Communications' interactions with clients, partners, and investors. Today's businesses work in a more complicated environment with larger technology stacks, quicker innovation cycles, and increased demands for speed, security, and resilience. Tata Communications discovered a defining tension through in-depth customer listening: an excessive amount of noise in the technology ecosystem and an increasing demand for integration, clarity, and reliable partnerships.
Published 16 Feb 2026 05:41 PM
According to FT, Meta reduces stock rewards for the majority of employees by 5%.
As CEO Mark Zuckerberg invests billions of dollars in its artificial intelligence goals, Meta cut the annual payout of stock options for the majority of its employees by roughly 5%, according to a Financial Times report on Thursday.In the fierce AI race in Silicon Valley, Meta and other Big Tech companies are vying with one another to outbuild one another with enormous data centers. In January, the social media corporation stated that it anticipated spending between $115 billion and $135 billion on capital projects in 2026.According to the report, which cited people familiar with the situation, Meta has reduced equity-based incentives for the majority of its employees for the second consecutive year. According to the FT story, the corporation stunned some employees by reducing the stock reward by about 10% last year.The entity incorporates Meta's ambitious "metaverse" wager, which has resulted in losses of about $70 billion since 2021. According to President Donald Trump, Meta is investing $50 billion to develop a number of gigawatt-scale data centers across the United States, including one in rural Louisiana.
Published 20 Feb 2026 01:03 PM
A former secretary of consumer affairs has been appointed to a key USISPF position.
The appointment of former Consumer Affairs Secretary Rohit Kumar Singh as Chair of the Global Value Chains Committee of the US–India Strategic Partnership Forum (USISPF) on February 9, 2026, marked a major step forward for India-US economic interaction. The action underscores the increased focus on reliable supply chains and reliable alliances.Selection of the Chair of USISPF's Global Value Chains Committee Rohit Kumar Singh, a former secretary of consumer affairs, has been named chair of the US-India Strategic Partnership Forum's Global Value Chains Committee. Singh, who has extensive administrative experience and a history of change, puts Indian policy knowledge at the center of debates about the global value chain in his new position. Rohit Kumar Singh's Identity A 1989-batch IAS officer from the Rajasthan cadre, Rohit Kumar Singh has a wealth of knowledge in economic governance. He was instrumental in reforming India's consumer protection laws while serving as Secretary of Consumer Affairs. His leadership earned praise for enhancing responsiveness and openness by fusing technology-driven governance with regulatory reform. In his new worldwide job, he is well-positioned to combine policy, industry, and international cooperation thanks to his administrative background.Why USISPF Is Important and What It Is Through cooperation between governments, corporations, and thought leaders, the US–India Strategic Partnership Forum (USISPF) is a premier forum that enhances strategic and economic connections between the US and India. It operates in a variety of industries, including supply chains, trade, technology, energy, and defense. At a time when global trade is fragmented and under geopolitical stress, USISPF is essential in facilitating conversation and coordinating policy agendas.
Published 10 Feb 2026 05:46 PM
Venugopal Jeyandran Reliance Retail Ventures Ltd.'s President and CEO was appointed.
Jeyandran Venugopal, a senior executive from Flipkart, has been named President and CEO of Reliance Retail Ventures Ltd. (RRVL) by Reliance Industries Ltd. (RIL). In an effort to further accelerate growth in the fiercely competitive retail industry, India's largest retail conglomerate made the statement on December 3, 2025. This is a brand-new role that highlights RRVL's goal to implement an ambitious retail and omni-channel strategy and increase leadership depth.Background: Jeyandran Venugopal: Who Is He? In the Indian e-commerce industry, Jeyandran Venugopal is a well-known figure. He played a key role in growing the platform's operations and digital infrastructure while holding senior positions at Flipkart that were centred on technology, innovation, and customer experience. His move to Reliance Retail coincides with the company's rapid e-commerce expansion through JioMart, all the while preserving a robust offline retail presence in industries like fashion, electronics, luxury products, and grocery.Strategic Position in the Vision of RRVL Venugopal will collaborate closely with Isha Ambani, who leads RRVL's retail sector, in his capacity as President and CEO. Among his responsibilities will include Overseeing omni-channel integration and digital transformation Promoting innovation in consumer interactions and the supply chain Improving offline and online operations through data-driven decision-making increasing urban penetration and extending RRVL's reach throughout tier 2 and tier 3 cities His appointment demonstrates Reliance's desire to directly compete with Amazon, Walmart-Flipkart, and Tata Neu by utilising cutting-edge technology and customer data intelligence in addition to size.Reliance Retail Ventures Ltd. (RRVL), the retail holding company of Reliance Industries, is the biggest retail player in India. Its varied portfolio includes Trends, JioMart, Ajio, Reliance Fresh, and Hamleys Strategic alliances with international companies such as Burberry, Jimmy Choo, and Tiffany Recent acquisitions in fashion, food retail, and e-commerce that demonstrate a hyper-growth approach RRVL continued to dominate the market in terms of both revenue and physical store network in FY2024–2025, reporting record revenues.
Published 04 Dec 2025 06:11 PM
The first female vice-chancellor of Nagpur University in a century is Manali Kshirsagar.
With the appointment of Manali Makarand Kshirsagar as its first female vice-chancellor since its founding in 1923, Nagpur University has ushered in a new era. Her appointment is a significant advancement in inclusive leadership and contemporary scholarship. In the upcoming years, she is expected to steer the century-old university towards better research, digital learning, and transparent governance thanks to her solid credentials and administrative experience.Acharya Devvrat, the University Chancellor and Governor of Maharashtra, made the announcement. At 54 years old, Kshirsagar is about to begin her five-year term, bringing a new vision to the university’s administration. As an alumnus of the institution, she is expected to steer the university with deeper understanding and dedication. Kshirsagar’s selection is essential not just for the university but for the entire region. It stands for: Gender equality in leadership A shift to contemporary scholarly methods More transparency in administration Focus on digital and research-driven education This decision is considered as a long-needed reform for a university that is more than 102 years old.With her in charge, educators and students anticipate: Improved academic quality Better administrative systems Stronger industry partnerships More student-friendly initiatives A greater emphasis on modern governance and innovation Under her direction, the university will probably be able to adjust to the evolving demands of higher education and move towards a more forward-thinking and effective future.
Published 03 Dec 2025 10:51 PM
Lekin, I never believed in oiling before.Behind her shiny hair, Chitrangada Singh reveals a secret combination.
On the podcast Let's Talk for Namitaa, Chitrangada Singh recently talked about her hair care regimen and credited oiling for improving the quality of her hair. "I never used to believe in oiling, lekin bahut farak padta, oiling is very, very important," she said. The quality of your hair has improved since I started using rosemary, pepper mint, almond oil, and teen cheezon ko mix karke mujhe diya hai kisni.IndianExpress.com contacted Dr. Bhawuk Dhir, Consultant Dermatology, PSRI Hospital, to verify the actor's claim. He concurred that oiling has advantages, "but with realistic expectations."According to Dr. Dhir, "regular hair oiling can be scientifically effective, but its impact varies from person to person." He explains that oils don't directly promote the growth of new hair by activating biological growth pathways. The main functions of oils are as protecting and emollients. They protect the hair shaft from friction and environmental harm, prevent breakage, lessen dryness, and seal in moisture," he says. During oil application, a light scalp massage may also promote improved blood circulation. Dr. Dhir continues, "The evidence is stronger for improved texture and reduced damage rather than dramatic hair growth, even though this creates a healthier scalp environment."
Published 24 Feb 2026 05:56 PM
Kerala HC wants to see The Kerala Story 2 after discovering that the teaser and trailer misrepresent the state.
The Kerala High Court on Tuesday (February 24, 2026) requested that the movie be shown to it on Wednesday, claiming that the teaser and trailer for The Kerala Story 2: Goes Beyond "wrongly portrays" the people of Kerala. Since Kerala is mentioned in the title by the filmmakers, who claim that the film tells a pan-Indian story, the concerns of the people of the State cannot be disregarded. Tensions within the community could result from this," it stated."You don't think the Court ought to see the film. "You want the question of whether this petition is a private or public litigation to be resolved," the court said. The Court made the observation during the hearing of three petitions from people who wanted to prevent the film's release and have the Central Board of Film Certification's (CBFC) certificate revoked because they believed the movie stigmatized and misrepresented Kerala, which could cause tensions and discord among communities. The Court noted that the petitioners' concerns seemed prima facie justified because the movie was being projected as "inspired by true events" and prominently carried the name of the state in its title, even though the sequels' plot had no real connection to Kerala. The Court then expressed its inclination to watch the film during the morning hearing. Therefore, it requested that the producer and the CBFC's legal representatives obtain guidance regarding the best time to screen the film for the Court. Additionally, the movie producers' attorney stated that the screening may go.
Published 03 Mar 2026 09:20 AM
The price of lodging at ITC Mementos, the location of Rashmika Mandanna and Vijay Deverakonda's wedding
NDTV has revealed that Rashmika Mandanna and Vijay Deverakonda have selected ITC Mementos as the location for their wedding, which is scheduled for February 26, 2026. The home is tucked away in the Aravalli highlands, 25 kilometers from Udaipur. Mementos by ITC Hotels Ekaaya is a perfect destination wedding location since it provides an opulent getaway from the congested lakes and forts of Udaipur. This is where a fairytale becomes a reality, with verdant hills in the background, blue skies overhead, and a festive atmosphere.In order to give fans a preview of the festivities, paparazzi accounts started sharing the first images of the wedding location on Instagram after the announcement. The couple has selected the lavish Mementos by ITC Hotels, Ekaaya Udaipur, as the setting for their private celebrations, according to those reports.For their wedding, Rashmika Mandanna and Vijay Deverakonda have selected a gorgeous boutique home nestled in the Aravalli hills, away from the bustle of Udaipur. The tranquil retreat, which is surrounded by expansive nature, provides visitors with a variety of tastefully furnished rooms and apartments.
Published 23 Feb 2026 06:00 PM
Review of the Assi film: Taapsee Pannu and Kani Kusruti feature in an urgent, necessary call to arms that is a must-see
No. This isn't possible. Not in Delhi, where it is dangerous to be out after sunset. Not in India, where even infants and elderly women are not spared by predators. When schoolteacher Parima (Kani Kusruti) is dragged into a car and brutally attacked by a group of men, Anubhav Sinha's Assi, which alludes to the number of rapes that occur in a minute, doesn't waste any time in dragging us into the depths of darkness. The hours of a night that turns into a nightmare begin when she returns to her modest middle-class home from a function at a colleague's residence, where her husband Vinay (played by Mohammed Zeeshan Ayyub) and young son (Advik Jaiswal) are waiting.As a telling aside, the principal of Parima's school (Seema Pahwa, in a cameo) is reluctant to allow her to return to work because, in her own words, neither she nor the students are ready. The teenage boys in Parima's math class, who post offensive remarks on their WhatsApp groups, are just as complicit in the continuation of rape culture as the loud-mouthed supporters of the status quo who let monsters run amok. Even while the frequent use of the red screen verges dangerously close to being gimmicky, the entire movie is completely and purposefully in your face, with the directors obviously expecting that you would never be able to get it out of your head and heart. It serves as a mirror to people who refuse to recognise how difficult it is for women to be out on their own, whether they are in playgrounds, on public transportation, crossing streets, or even in their own homes. No location is secure.The verbal altercations between the rapists' lawyer (Satyajit Sharma), who is overseen by an experienced judge (Revathi), and the feisty Raavi (Taapsee Pannu, who rejoins Sinha after "Mulk" and "Thappad"), who defends Parima's case, may bring to mind Sinha's earlier films, which used the courtroom as a battlefield to stake out the ethical and moral ground that was quickly slipping from under our feet.
Published 20 Feb 2026 12:40 PM
What becomes more expensive and less expensive following Budget 2026. Check entire list
With the release of the Union Budget 2026, Indian consumers are anticipated to pay more for some items and less for others. As finance minister Nirmala Sitharaman delivered the budget in Parliament today, she spoke about specific commodities on which the government is planning to lower customs duty.She added that the government was thinking about decreasing taxes on a few imports from other nations, which would result in lower prices for Indian customers. Finance Minister Nirmala Sitharaman stated during the Budget's presentation in Parliament on Sunday that the Union Budget 2026–27's changes to customs duties will reduce the cost of a number of necessities, such as 17 cancer medications and medications and specialized nutrition used to treat seven uncommon diseases. Duties have also been lowered on microwave oven components, lowering production expenses. The Budget proposed a range of tariff cuts and tax rationalisations targeted at alleviating costs for consumers, exporters and critical sectors. TCS reduced the price of overseas tour packages from 5–20% to 2% with no minimum. Foreign remittances for education and medical care under LRS: TCS cut to 2% from 5% Microwave ovens: Customs duty exemption on selected manufacturing parts Imports for personal use by foreign visitors: Customs duty was reduced from 20% to 10%.Imports for personal use by foreign visitors: Customs duty was reduced from 20% to 10%. Textile and leather exporters: Export realisation time extended to one year, alleviating working capital constraint Cancer and critical disease medicines: Basic customs duty totally waived on 17 pharmaceuticals Foods, medications, and drugs for specific medical needs pertaining to seven uncommon disorders Imported medications and drugs for individual use Essential Parts of Microwave Ovens Components or parts, including engines of aircraftSolar glass ingredients Goods purchased for nuclear power projects Capital products for essential minerals
Published 02 Feb 2026 06:03 PM
GST reform: starting Monday, these goods will be subject to the highest tax. View the complete list
September 22 GST changes: Under the new tax structure, which goes into effect on Monday, items falling within these categories will be subject to the newly revised highest tax rate of 40% GST. View the items' list here.After its 56th meeting on September 3, 2025, the GST Council, which is led by the Indian federal government, voted to streamline the indirect tax system in India by redesigning the current goods and service tax (GST) slab structure into a "two-tier" system.Indian customers will benefit from a revamped "two-tier" tax structure that goes into effect on Monday, September 22, 2025. Depending on the type of commodity sold in the country, it will be subject to either the 5% or 18% tax band. In India, GST is now imposed in four slabs: 5%, 12%, 18%, and 28%. However, the government has since modified these slabs. Many products sold in the Indian economy will see price reductions as a result of the federal government's action; nevertheless, starting Monday, a wide range of products will also be subject to higher consumer taxes. 1. Sin Goods: Generally speaking, sin goods are things that are detrimental to society and health, such as cigarettes and pan masala. Cigarettes, pan masala, beedi, and other tobacco goods including chewing tobacco and gutka, as well as online gaming and gambling, would all be subject to a 40% GST tax starting on Monday, September 22, 2025. 2. Luxury cars: Four-wheelers with an internal combustion engine (ICE) capacity greater than 1,200cc and a length greater than four meters were also placed in a 40% tax level by the GST Council. In the past, the ex-showroom pricing of SUVs and MPVs, which are included in this group, was increased by 28% GST and 22% Cess. 3. Over 350cc two-wheelers: The GST Council raised the tax rate for two-wheelers with engines larger than 350cc from 28% GST and 3% Cess to 40%. Despite the removal of the Cess levy, two-wheelers with engines larger than 350cc will now be subject to a higher tax rate. 4. Soft drinks: The central government raised the GST rate from 28% to 40%, which will result in a price increase for soft drinks and other non-alcoholic beverages like Coca-Cola, Pepsi, Mountain Dew, Fanta, and flavor-infused waters. 5. Items that cost more when you're in the 18% tax bracket: Items that will be subject to GST at the higher 18% slab starting on Monday, September 22, 2025, include dining at restaurants, particularly those with air conditioning and premium outlets; consumer durables like refrigerators, washing machines, and air conditioners; beauty and grooming services at salons and spas; and high-end smartphones and imported devices.
Published 23 Sep 2025 01:19 PM
Live Updates on New GST Rates: When GST 2.0 goes into effect, food, cars, and televisions all get cheaper.
GST Reforms 2025 List: Goods and Services Tax (GST) reforms have become effective today, September 22, marking a historical shift in the country’s indirect taxation by merging four slabs into two (5% and 18%) and a special tax slab of 40% for “sin goods".The GST council, led by Finance Minister Nirmala Sitharaman, early in September announced a major overhaul in the indirect taxation system, aimed at simplifying the slabs, boosting the consumption and rationalizing the rates. Under the new plan, the government is set to merge the four slabs into two main categories with an additional “sin tax" bracket: 5% slab — for essential goods. 18% slab – for most other goods and services. 40% slab – for luxury and sin goods such as tobacco, alcohol, betting, and online gaming. This consolidation is expected to make tax compliance easier and also reduce prices on many items currently taxed at 12% or 28%.This consolidation is expected to make tax compliance easier and also reduce prices on many items currently taxed at 12% or 28%.Consumers will see essential items becoming cheaper from September 22, as several sectors from FMCG to Auto have announced earlier to pass on the benefits of lower GST to them.
Published 22 Sep 2025 05:13 PM
Live updates for the ITR due date: Will there be another extension of the income tax return deadline?
Date of ITR due REAL-time updates: The deadline for filing Income Tax Returns (ITR) for the assessment year 2025–2026 is now. Over 6.69 crore returns have already been received by the Income Tax Department, of which over 6.03 crore have been validated and 4 crore have been processed.Taxpayers who miss today's deadline risk interest on unpaid taxes, delayed refunds, and late fines of up to ₹5,000 (limited at ₹1,000 for individuals with incomes up to ₹5 lakh). Therefore, it is essential to file and confirm returns on time in order to prevent fines and guarantee prompt refund processing.The deadline is applicable to non-audit instances, such as the majority of salaried individuals, small enterprises or professions under the presumptive taxation plan, and Hindu Undivided Families (HUFs). It is recommended that taxpayers refrain from spreading false information about extensions and instead rely solely on official updates from Income Tax India.In order to assist last-minute filers in appropriately completing submissions, the department's helpdesk is open around-the-clock and provides assistance via phone, live chat, WebEx sessions, and social media.The department's help line is open around-the-clock, providing assistance via phone, live chat, WebEx sessions, and social media to help filers who are submitting at the last minute appropriately.
Published 15 Sep 2025 05:53 PM
Unauthorized reviews, dubious log-ins, and fuzzy documents: TMC MP to Supreme Court on SIR
TMC MP Dola Sen told the Supreme Court that Election Commission-appointed micro-observers were allegedly overriding decisions made by Electoral Registration Officers (EROs), the statutory authority for including and deleting electors, raising concerns that eligible voters could be removed from the final electoral roll during the ongoing Special Intensive Revision (SIR) in West Bengal.In two applications filed on February 16 and 18, Sen, a petitioner before the Supreme Court contesting the SIR, also claimed that documents uploaded to the system were becoming "blurry" after submission and that officials were allegedly logging into the ECINET portal from locations other than where they were deputed. On February 28, West Bengal's final electoral roll is expected to be released. The Indian Express asked the EC for comment on Sen's claims, but the EC did not reply.The EC only deployed micro-observers in West Bengal, which was a first, despite announcing the SIR in nine states and three Union Territories on October 27 of last year. The EC informed the Supreme Court on February 4 that the purpose of the 8,100 micro-observers, who work for the Central Government, was to support EROs and Assistant EROs (AEROs). The EC had stated, "It is false to suggest that statutory powers have been vested in the micro-observers."
Published 25 Feb 2026 05:54 PM
Don't you feel guilty about selling Bharat Mata Rahul Gandhi criticizes the US accord and the Center
Speaking in the Lok Sabha following days of deadlock, Rahul Gandhi criticized the Central government, led by Prime Minister Narendra Modi, for the recently concluded trade agreement with the United States, saying the administration should be embarrassed of it. In a vicious attack, Gandhi said that the Center "sold India" and that the government was endangering farmers' livelihoods by permitting US goods to enter."India is no longer yours. Do you not feel guilty for selling India? In reference to the trade deal, he declared, "You have sold our mother, Bharat Mata." He added that it was a "wholesale surrender" in which the interests of farmers were jeopardized and India's energy security was given to America. Gandhi went on to say that Donald Trump would have been advised to treat India equally if an INDIA Bloc administration had negotiated the trade deal with the US."This is total capitulation. The fact that it is a capitulation by more than simply the prime minister makes it tragic. He has given up the 1.5 billion Indians' future. Gandhi claimed that he had given up the future in order to save the BJP's financial structure, which is the subject of a case in the US.Gandhi claimed that the farmers' interests had been compromised and that they were facing a "storm" as American agricultural products flooded Indian markets. Additionally, he claimed that the Indian textile sector is "finished."We are about to enter a period of unrest, and the country has been sold. The country is sold out. "Its farmers and data have been sold," Gandhi reaffirmed as he wrapped up his remarks.Following Rahul Gandhi's address, Union Parliamentary Affairs Minister Kiren Rijiju declared that no one could sell India and charged that the Congress party was undermining the nation. "Congress is sad because India is progressing," he stated, asserting that Prime Minister Narendra Modi is India's strongest PM. He claimed that before leaving Parliament, the Congress MP gave speeches full of falsehoods and unfounded accusations. Rijiju remarked, "He never stays back to hear the minister's response."It is regrettable that we lack a serious personality or a person with a serious character that would be appropriate for the role of opposition leader. Rahul Gandhi's lies will be refuted by our party both within and outside the House.
Published 11 Feb 2026 11:10 PM
Updates for the 10th day of the Parliament Budget Session The Government-Opposition deadlock ends, and both Houses begin discussing the budget
The Lok Sabha began discussing the Union Budget on Tuesday, February 10, 2025, in the afternoon, signaling the end of the impasse between the opposition and treasury benches. The discussion had been delayed for days due to the opposition's insistence that LoP Rahul Gandhi be given the opportunity to speak on a number of topics. Following two adjournments, the House reconvened at 2 p.m., and the Speaker, Krishna Prasad Tenneti, invited Congressman Shashi Tharoor to commence the debate. The Thiruvananthapuram MP then began discussing the matter. Soon after opposition parties filed a notice to introduce a motion to oust Om Birla as Speaker of the Lok Sabha, the thaw occurred. Sukhendu Sekhar Roy of the Trinamool Congress emphasized that rising inequality could cause a "social upheaval," akin to what was seen in neighboring countries, as opposition parties criticized the government for failing to address issues like unemployment and inflation in the Union Budget during the budget discussion."If the situation is not brought under control, I fear that the country will soon experience social unrest similar to what has recently occurred in some of our neighboring countries. We have never witnessed such skyrocketing inequality between the rich, super rich, upper middle class, middle class, and the poor," Mr. Roy stated.
Published 11 Feb 2026 11:06 PM
India displays its entire armed might on the 77th Republic Day, with Operation Sindoor taking front stage on the Kartavya Path.
Top national leaders and prominent foreign visitors joined the festivities, which had as their subject 150 years of "Vande Mataram." About 10,000 distinguished guests saw the parade, which combined military might with cultural cohesion.At its 77th Republic Day parade on Monday, January 26, 2026, India put military might front and centre. Kartavya Path was transformed into a sweeping display of missiles, armour, mechanised columns, and combat aircraft, with a keen focus on weapon systems related to Operation Sindoor, the high-intensity military operation carried out in May of last year.The BrahMos supersonic cruise missile, Akash air defence system, Suryastra rocket launcher, and Arjun Main Battle Tank were among the major armament systems on exhibit at the start of the military demonstration, which emphasised India's focus on battlefield readiness and domestic defence manufacturing. A large portion of the equipment on exhibit was either used in Operation Sindoor, the confrontation with Pakistan that took place from May 7–10, or it was directly inspired by lessons learnt.A tri-services tableau featuring replicas of key weapon systems used during the operation was a big draw. A glass-cased integrated operational command centre served as its focal point, providing a visual representation of Operation Sindoor's execution through the coordinated use of systems including the S-400 air defence system and BrahMos. Akash and S-400 systems were depicted as offering a protective air-defense shield during the fight, while BrahMos missiles were predicted to perform decisive offensive attacks.Lt. General Bhavnish Kumar, a second-generation officer and General Officer Commanding, Delhi Area, led the procession. The Indian Army demonstrated a phased "Battle Array Format," including its airborne component, for the first time. The reconnaissance element included high-mobility reconnaissance vehicles after the historic 61 Cavalry in active battle uniform. Flying in Prahar formation, the domestic Dhruv Advanced Light Helicopter and its armed counterpart Rudra displayed aerial battlefield shaping.
Published 27 Jan 2026 09:07 PM
Can face acupuncture provide a more natural lift than botox and fillers?
There has been a subtle change in the beauty industry during the past year. The popularity of dermal fillers and botox appeared to be waning. It appears that beauty enthusiasts are giving the needles a breather, as seen by celebrities discontinuing their procedures in favor of a more natural appearance and the growing popularity of products like face rollers and gua sha for a naturally elevated appearance.Instead of employing toxins or fillers to freeze or plump the skin, face acupuncture increases collagen and elastin through micro-trauma, providing a more natural, holistic lift than Botox and fillers. It improves skin texture and gives a subtle, refreshed appearance, but it takes several sessions to see noticeable changes. In contrast, Botox produces quicker, more noticeable, but transient, effects. Facial Acupuncture for Natural Lift: Mechanism: Increases circulation and collagen synthesis by stimulating the body's natural healing mechanisms with several small needles. Results: Enhances rather than changes face structure, giving the appearance of a subtle, renewed, and "lifted" appearance without the "frozen" or "pillowy" aspect. Benefits: Provides improved skin tone and texture by addressing the underlying causes of aging, including tension, stress, and hormonal imbalance. Longevity: Because they support the body's natural healing processes, benefits may be longer-lasting even though they are not instantaneous. Side effects: There is little chance of minor redness or bruises, and there is no recovery period.
Published 25 Feb 2026 05:50 PM
When you chew a piece of ginger every day for sixty days, your body experiences this.
Strong antioxidant and anti-inflammatory properties can be found in ginger. However, what would happen if a person chewed a piece of ginger every day for sixty days? When we asked Dr. Amreen Sheikh, chief nutritionist at KIMS Hospitals, Thane, about it, he replied that it increases circulation, relaxes the airways, and progressively lessens throat inflammation. Many patients report decreased bloating, improved digestion, and fewer coughs after six to eight weeks. Ginger can ease the inner lining of the airways and provide general lung comfort for people who are susceptible to seasonal respiratory symptoms, according to Sheikh.Yes, but with reasonable expectations, Sheikh argued. Unlike medication, ginger does not "open the lungs." Rather, it operates subtly. It can aid those who frequently experience irritation from pollutants, relieve moderate wheezing from cold weather, and clear congestion in the throat. Additionally, by loosening mucus, its warming impact facilitates its expulsion during an illness. Ginger can help with long-term lung conditions like COPD or asthma, but it should never take the place of prescription medication, Sheikh said.While using ginger on a daily basis is generally safe, Sheikh pointed out that excessive use can cause oral irritation, cause acidity in those who are sensitive, or slightly thin the blood. Before developing a habit, people who take blood thinners or have gastritis or acid reflux should speak with a doctor. A tiny portion is more than sufficient; moderation is crucial," Sheikh stated.
Published 23 Dec 2025 11:46 PM
Cough syrup deaths: TNFDA probe reveals Coldrif manufacturer's shortcomings
According to CDSCO sources, the investigation into the Kanchipuram-based Coldrif cough syrup producer, which was connected to child fatalities in Madhya Pradesh, has shown shortcomings in the Tamil Nadu Food and Drug Administration's enforcement of fundamental regulatory standards.They said that Sresan Pharma, which was granted a license by the Tamil Nadu Food and Drug Administration (TNFDA) in 2011, carried on operating undetected for more than ten years in spite of its inadequate infrastructure and many infractions of national drug safety regulations.According to the sources, a recent examination by the Central Drugs Standard Control Organization (CDSCO) revealed the unit's terrible conditions and complete disregard for Good Manufacturing Practices (GMP). "The CDSCO has not participated in any of Sresan Pharma's audits. This company was not included in any of the CDSCO databases since the CDSCO was not involved and the state FDA did not provide the CDSCO with any information on it, according to a source.Rule 84AB of the D and C Rules mandates that manufacturers update all of their certified items on the "Sugam" site, according to another source at the CDSCO.In order to facilitate improved monitoring, the regulation was notified to create a national database of all the authorized items in the nation. "The business failed to list its goods in the database. It did not follow this guideline as a result. According to the source, the state regulator is in charge of ensuring that the regulation is followed in the state.
Published 15 Oct 2025 04:59 PM
Why the most popular (and dubious) fad right now is North West's finger piercing
The Kardashian-Jenner family is known for starting trends, some of which are lighthearted, some of which are outrageous, and others of which are downright dubious. When Kim Kardashian and her 12-year-old daughter North West were spotted in Rome recently, everyone's attention was drawn to North's middle finger dermal piercing.Their excursion has generated a lot of controversy, with Kim facing backlash for permitting her preteen child receive the piercing. However, finger piercings have also gained popularity, and many people are now interested in learning more about them, their process, and their safety.A dermal piercing, also known as a micro dermal or single-point piercing, is a way to change your body where a piece of jewelry is inserted under the skin so that only the pretty top is visible, says Sahil Bali, an artist at Devil'z Tattooz in Delhi. Bali continues by explaining that dermal piercings are single-entry piercings, as opposed to conventional piercings, which enter one side of the skin and exit the other. "They are performed by using a needle or dermal punch to make a tiny pocket in the skin, after which an anchor base is inserted beneath the skin. After that, a decorative stud or gem is put onto the anchor," he explains, adding that these piercings may be done practically anywhere on the body, including the fingers, lower back, cheekbone, and chest, but they take longer to heal than conventional piercings."Dermal piercings need careful cleaning and protection, as they can get easily irritated or caught on things, making them slightly higher maintenance than normal piercings," says Dr. Shireen Furtado, senior consultant, medical and cosmetic dermatology, Aster CMI Hospital, Bengaluru.
Published 07 Oct 2025 09:43 PM
Axar Patel leads DC to a decisive victory over Rishabh Pant's LSG on a night that contrasts for the captains.
Returning to Lucknow for the first time since his unsatisfactory dismissal from the team, KL Rahul ended the game with a spectacular six to go undefeated in a run-chase with a 42-ball 57.On a night full of stories at Lucknow's Ekana Stadium, the Delhi Capitals won by 8 wickets in a 160-run chase, solidifying their status as this season's title contenders. KL Rahul, who is making his first appearance in Lucknow after his unsatisfactory dismissal from the team, ended the game with a spectacular six to go undefeated in a run chase with a 42-ball 57. In the twelfth over of their respective innings, LSG and DC both lost their second wicket. Axar Patel entered when a composed Abishek Porel collapsed. At this point, DC was only under a little pressure to take a few wickets, but it might have grown complicated because new batters take time to get comfortable. With two sixes over the midwicket zone, his favorite hit against spin, Axar took out Ravi Bishnoi in the very next over after Avesh Khan had dismissed him after four dot balls.In the following over, facing Avesh once more after being outscored by a few deliveries, he decided to take a chance and hit a four to try to clear the fielder at mid-off. The most impressive stroke came from Shardul Thakur, who took up a not-so-short ball with the weight still on his backfoot and sent it over long on for a six.
Published 23 Apr 2025 08:56 PM
Nitish Rana on RR not selecting him for Super Over against DC despite 51 off 28: "One person never takes the call."
Despite hitting 51 off 28 balls against the Delhi Capitals, Nitish Rana was left out of the Super Over lineup as the Rajasthan Royals entered with Hetmyer and Riyan Parag.Nitish Rana remained in the middle until the 18th over of the chase after smashing 51 off 28 balls. At the Arun Jaitely Stadium in New Delhi on Wednesday, the Rajasthan Royals sent neither batsman to bat despite Yashasvi Jaiswal's 51 off 37 balls in the Super Over against the Delhi Capitals. Eyes were rolling when Shimron Hetmyer and Riyan Parag came out to bat in the Super Over. Rana wasn't even on the list of the three batters for the Super Over, but Jaiswal was chosen to bat following a wicket fall.RR's choice proved to be a poor one as Mitchell Starc of DC cramped the Hetmyer for space with yorkers and the reverse swing, allowing him to begin the Super Over with a dot ball. The Australian bowler was hit for four after missing his mark on the next delivery, but he recovered with another low full toss in the third ball. A single was taken by Hetmyer.Starc's low full toss was hit by Riyan Parag over third man for a boundary, sometimes known as a no-ball. After it appeared that RR would easily reach 15 with three balls left, the game took yet another sharp turn. RR was bowled out for just 11 as Parag and Jaiswal were ran out in the following ball.KL Rahul and Tristian Stubbs smash two sixes in the first three balls of Sandeep Sharma's Super Over to give DC a historic victory, so the total was insufficient. Following the game, Nitish Rana stated that the decision to send Riyan Parag and Shimron Hetmyer instead of him for the Super Over was made by the RR management. Rana said he didn't have an alternative response, adding that if Hetmyer had hit a couple of sixes in the Super Over, the questions would have been different."The call is answered by management, not a single individual. Along with two other senior players and coaches, the captain is present. You wouldn't be asking this question if Shimron Hetmyer had hit two sixes. I'll respond with the same response. I have no other response. Every choice we made was the right one. Everyone knows that Hetmyer is our finisher. During the press conference, Rana stated, "He has previously delivered."
Published 17 Apr 2025 09:05 PM
Who Won CSK vs. RR, Match 11 in Yesterday's IPL 2025 Match?
The outcome of yesterday's IPL 2024 match between CSK and RR: Watch the most recent IPL action as CSK and RR square off in the 2025 season's first game. Get all the match information and updates here, along with the results of the encounter.The highly anticipated Match 11 between the Chennai Super Kings (CSK) and Rajasthan Royals (RR) in the Indian Premier League (IPL) 2025 season was played at the Barsapara Cricket Stadium in Guwahati.Chennai Super Kings (CSK) lost against Rajasthan Royals (RR) by a margin of six runs. First to bowl, RR amassed 182 runs. Despite pursuing the objective, CSK ended up at 176 for 6 in 20 overs. The Rajasthan Royals (RR) defeated the Chennai Super Kings (CSK) by 6 runs in the March 30 IPL 2025 match. After two losses earlier in the season, this victory was RR's first. In contrast, CSK lost this game for the second time in a row.Highlights of the IPL 2025 match between the Rajasthan Royals and Chennai Super Kings: Wanindu Hasaranga takes four wickets to help the Royals overcome the Super Kings by six runs.
Published 31 Mar 2025 08:23 PM
India's bold strategy aids in a quick T20 reconstruction
The world champions are creating an environment where players perform well without worrying about keeping their spots in the squad or taking wickets.Kolkata: Although it's early, the process and outcomes give hope that India would successfully defend the T20 World Cup at home the following year. Despite the pessimism caused by the Test and ODI transition issues, India's T20 trajectory stands out thanks to series victories against South Africa, Bangladesh, Sri Lanka, Zimbabwe, and now England. Even more so when one considers that Kuldeep Yadav, Shubman Gill, Jasprit Bumrah, Rishabh Pant, and Yashasvi Jaiswal have not been parachuted in.This is most likely a greater accomplishment. However, they have approached it virtually undetected. No culture of stars. Verify. No set order for batting. Verify. Just a group of young, talented, and incredibly self-assured cricket players going about their business without worrying about career curves. By the way, all IPL linchpins.Captain Suryakumar Yadav acknowledges his lack of quality as he is left off the Champions Trophy roster. Abhishek Sharma thinks a ball is there to be struck, hence he doesn't count returns. As long as Tilak Varma is at the crease, the second Twenty20 match in Chennai demonstrated that no equation is too difficult. And the fact that India lost to 12/3 and then 79/5 at Pune on Friday, yet still managed to score 181, demonstrated that the previous game's disaster chasing in Rajkot was really a fluke. The realization that not everything can be managed lies at the core of this long-term upsurge. Earlier this week, Sitanshu Kotak, India's new batting coach, said it. "To achieve a score of 200 or 225, and if you are
Published 04 Feb 2025 04:28 PM
Unauthorized reviews, dubious log-ins, and fuzzy documents: TMC MP to Supreme Court on SIR
TMC MP Dola Sen told the Supreme Court that Election Commission-appointed micro-observers were allegedly overriding decisions made by Electoral Registration Officers (EROs), the statutory authority for including and deleting electors, raising concerns that eligible voters could be removed from the final electoral roll during the ongoing Special Intensive Revision (SIR) in West Bengal.In two applications filed on February 16 and 18, Sen, a petitioner before the Supreme Court contesting the SIR, also claimed that documents uploaded to the system were becoming "blurry" after submission and that officials were allegedly logging into the ECINET portal from locations other than where they were deputed. On February 28, West Bengal's final electoral roll is expected to be released. The Indian Express asked the EC for comment on Sen's claims, but the EC did not reply.The EC only deployed micro-observers in West Bengal, which was a first, despite announcing the SIR in nine states and three Union Territories on October 27 of last year. The EC informed the Supreme Court on February 4 that the purpose of the 8,100 micro-observers, who work for the Central Government, was to support EROs and Assistant EROs (AEROs). The EC had stated, "It is false to suggest that statutory powers have been vested in the micro-observers."
Published 25 Feb 2026 05:54 PM
A new system is implemented by Priyanka Gandhi to choose Congress candidates for the Assam elections.
Senior state leaders are typically summoned to the nation's capital for the screening committee's meeting with the state election committee (SEC) in Delhi. The three committee members have been given five districts each by Priyanka ji, who has instructed them to visit these areas in order to get input from stakeholders and local leaders. The three leaders are currently visiting local media, civil society activists, and cadres in the three areas. All of these sessions are private, and the results will be presented to the screening committee at its next meeting," the source stated. If Vadra's trial is successful and the system functions effectively, the AICC may think about adopting it for next state elections, a senior AICC leader told The Indian Express. According to the leader, "this system could be emulated in other upcoming elections, regardless of how we do in the Assam polls in terms of winning seats."The rest of the state would be discussed later, but the exercise is currently taking on in Upper Assam. Additionally, the split was made using the districts' social engineering. Since Ulaka is a tribal leader himself, he has been allocated several districts with a sizable population of tribal communities, whereas Masood has been allotted districts with a sizable Muslim population, the source said.
Published 18 Feb 2026 05:52 PM
Updates for the 10th day of the Parliament Budget Session The Government-Opposition deadlock ends, and both Houses begin discussing the budget
The Lok Sabha began discussing the Union Budget on Tuesday, February 10, 2025, in the afternoon, signaling the end of the impasse between the opposition and treasury benches. The discussion had been delayed for days due to the opposition's insistence that LoP Rahul Gandhi be given the opportunity to speak on a number of topics. Following two adjournments, the House reconvened at 2 p.m., and the Speaker, Krishna Prasad Tenneti, invited Congressman Shashi Tharoor to commence the debate. The Thiruvananthapuram MP then began discussing the matter. Soon after opposition parties filed a notice to introduce a motion to oust Om Birla as Speaker of the Lok Sabha, the thaw occurred. Sukhendu Sekhar Roy of the Trinamool Congress emphasized that rising inequality could cause a "social upheaval," akin to what was seen in neighboring countries, as opposition parties criticized the government for failing to address issues like unemployment and inflation in the Union Budget during the budget discussion."If the situation is not brought under control, I fear that the country will soon experience social unrest similar to what has recently occurred in some of our neighboring countries. We have never witnessed such skyrocketing inequality between the rich, super rich, upper middle class, middle class, and the poor," Mr. Roy stated.
Published 11 Feb 2026 11:06 PM
Revanth Reddy at a Christmas event Will bring law to punish those who insult other religions
Telangana Chief Minister A Revanth Reddy announced on Saturday that his government would enact a new rule to punish individuals who disparage religions while taking part in the Christmas festivities of all Christian denominations in the state. A bill on this will be introduced in the Assembly shortly, according to the CM."To punish people who disparage other religions, we will introduce a law in the Assembly. At an annual pre-Christmas celebration held at Hyderabad's L B Stadium, which is attended by the state's chief minister, Reddy declared, "We will also amend the existing Acts to punish those who abuse other faiths."The CM stated that everyone should respect religions other than their own and that the new law would seek to "stamp out religious hatred and punish those who insult other religions." Reddy added that the government had already "dealt with those who spread religious hatred and attacks" and that the current laws would be changed to guarantee severe punishment for anyone who mistreat other religions.
Published 21 Dec 2025 11:15 PM
Entertainment
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- The reception invitation for Rashmika Mandanna and Vijay Deverakonda's February 26 wedding has surfaced.
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- Rajesh Khanna accused Salman Khan of betraying him by offering to labour for free in order to purchase his mansion, saying, "Mujhe sadak par lana chata hai."
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- A new system is implemented by Priyanka Gandhi to choose Congress candidates for the Assam elections.
- Updates for the 10th day of the Parliament Budget Session The Government-Opposition deadlock ends, and both Houses begin discussing the budget
- Revanth Reddy at a Christmas event Will bring law to punish those who insult other religions
- About 50 out of 71 candidates on the BJP's initial list for Bihar were repeat candidates; senior ministers and deputy chief ministers
- In the push for OBC quota, BJP MP government aligns its argument with Congress's 'jitni abaadi, utna haq' pitch
Finance & Stock Market Trend
All Trending News in India
Paytm asks merchants to link QRs to other banks’ accounts
Following the Reserve Bank of India’s (RBI’s) strictures on Paytm Payments Bank (PPB) last week, Paytm has directed its field sales executives to migrate merchant QR codes from their existing PPB accounts to accounts with other banks. For example, Manoj Kumar, who works for a retail chain ‘More’ in Indirapuram, Ghaziabad, said that representatives of the fintech major asked them to move the store’s funds from PPB to other bank accounts before February 29. The process has started over the weekend itself and the fintech major is trying to sensitise as many merchants as possible before the deadline of February 29 to ensure that their business transactions can continue unhindered. “We have been asked to migrate as many QRs as possible to alternate bank accounts by the end of the month,” said area sales executives Fe spoke to. This comes against the backdrop of panic that has spread among a section of merchants. As per a survey of 5,000 retailers on Paytm by Kirana Club, 68% of the respondents said that they have decreased their trust on the firm since RBI’s announcement. While merchants need to shift their PPB accounts, the good news is that the QR code, soundbox or card machine will not require any physical changes, the company confirmed. “In instances, where our associate PPB operates as a back-end bank, these services can seamlessly be transitioned to other partner banks. This means that for our merchant partners, there will be no disruptions, no need to revisit existing setups, and no additional effort,” said a company spokesperson.
Published 08 Feb 2024 10:04 PM
Setting India on the innovation journey
Innovation has often been an important aspect that distinguishes entities across the world. A business that keeps innovating survives and thrives. A country that inculcates innovation in its society doesn’t only keep the economy roaring but also empowers entrepreneurship and keeps its businesses growing. The developed block of countries and their businesses understood this advantage and continued their innovation journey by attracting the best global minds to their geographies. India, in the past few years, has started this journey, and the trajectory of becoming a $10 trillion economy and a developed nation hinges significantly on its transformation to a scientifically advanced country and a global leader in innovation. Government initiatives aimed at fostering creativity in education and incentivising careers in science underscore India’s steadfast commitment towards nurturing its innovation ecosystem. India’s ancient history is full of innovators and researchers who were constantly contributing to research and innovation that has withstood the test of time. India’s remarkable rise in the Global Innovation Index (GII), soaring to the 40th position out of 132 countries in 2023, reflects its resolute dedication to promoting innovation. The GII, complemented by the India Innovation Index published by Niti Aayog and the Institute for Competitiveness, also empowers states to measure their innovation-driven progress against global benchmarks. In a landmark move, Union finance minister Nirmala Sitharaman outlined a bold vision for India’s technological future as she presented the interim Budget 2024. Central to her announcement was the allocation of a substantial Rs 1 trillion corpus to bolster technology research, signalling a transformative leap towards fostering innovation and self-reliance. While the specifics are awaited, the announcement heralds a new era for India’s tech landscape, highlighting the pivotal role of innovation as the cornerstone of national development.
Published 08 Feb 2024 10:02 PM
Morgan Stanley sees opportunity, buys shares worth ₹244 crore
Morgan Stanley on Friday bought shares worth ₹244 crore in Paytm's parent company One97 Communications, representing a 0.8 per cent stake Financial services giant Morgan Stanley on Friday made an investment in Paytm's parent company, One97 Communications, by acquiring shares worth ₹244 crore through an open market transaction.Morgan Stanley, via its affiliate Morgan Stanley Asia (Singapore) Pte - ODI, purchased 50 lakh shares on the National Stock Exchange (NSE), representing a 0.8 per cent stake in Paytm. The average price per share was ₹487.20, resulting in a total deal size of ₹243.60 crore. However, details about the sellers remain undisclosed, PTI reported.This comes after the banking sector regulator has found potential violations, including the misuse of customer documentation rules and non-disclosure of material transactions. Paytm shares price faced another 20 per cent decline on the NSE. This adds to a total of 36 per cent drop in the share price in just 2 days after the Reserve Bank of India (RBI) directed Paytm Payments Bank Ltd (PPBL), an associate of Paytm, to cease accepting deposits or top-ups in various accounts, wallets, and instruments from March 1. Morgan Stanley, via its affiliate Morgan Stanley Asia (Singapore) Pte - ODI, purchased 50 lakh shares on the National Stock Exchange (NSE), representing a 0.8 per cent stake in Paytm. The average price per share was ₹487.20, resulting in a total deal size of ₹243.60 crore. However, details about the sellers remain undisclosed, PTI reported.In related news, there are reports that the RBI is contemplating revoking the license of Paytm Payments Bank as early as next month.
Published 08 Feb 2024 10:01 PM
Global stocks hit two-year highs, as dollar eases
Global equities rose to a more than two-year high and the S&P 500 touched a record peak on Wednesday, as strong earnings offset jitters related to US regional banks and China markets. Bonds were under modest pressure, as comments from Federal Reserve officials reaffirmed expectations that the central bank may not soon cut rates.The MSCI world equity index, which tracks shares in 49 nations, gained 0.37% by 10:11 a.m. EST (1511 GMT) after hitting its highest since mid-January 2022. Markets got a boost from a rally in Chinese blue-chips. On Wall Street, the Dow Jones Industrial Average rose 0.25% to 38,619.03, the S&P 500 gained 0.48% to 4,978.24 and the Nasdaq Composite added 0.48% to 15,683.15. "We are at the midpoint of the 4Q earnings reporting season, and we would say that there has been more good news than bad," Arthur Hogan, chief market strategist with B. Riley Wealth, said in a morning note. The US regional banking sector remained a concern as Moody's downgraded New York Community Bancorp to junk citing pressure on its funding and liquidity. The stock lost 22% on Tuesday, to be down 60% since it reported surprise losses last week. Chinese regulators continued efforts to steady markets, placing further curbs on short selling and state investors said they were expanding their stock buying plans. President Xi Jinping would discuss the stock market with financial regulators, Bloomberg News reported, though there was no confirmation this had happened or what was discussed. The head of China's securities regulator was replaced on Wednesday, according to Xinhua news agency, as policymakers struggle to stabilise the country's main stock indexes after a plunge to five-year lows.
Published 08 Feb 2024 09:58 PM
Stock Market LIVE Updates | Nifty 50, Sensex open higher, Paytm down nearly 10%
Suven Pharma, Performance over the next few quarters likely to remain soft due to near-term macro challenges and industry-wide inventory de-stocking in specialty chemicals and the impact of Covid molecule in the CDMO business. Net profit for the quarter fell 56%, while revenue declined by 38%. Margin also narrowed to 29.78% from 41.5% last year.Following Reserve Bank of India’s (RBI) crackdown on Paytm Payments Bank, several Indian startup founders have written to the Prime Minister’s Office (PMO), Finance Ministry as well as the central bank requesting a rollback restrictions imposed on the fintech led by Vijay Shekhar Sharma, sources told CNBC-TV18 on February 6Net profit of ₹2,442.2 crore misses CNBC-TV18 poll estimate of ₹3,200 crore. Revenue and EBITDA in-line with estimates, while margin of 52.9%, higher than expectations of 52.2%. On a sequential basis, the margin narrowed by 20 basis points, while profit rose over 80%. India mobile services Average Revenue Per User (*ARPU) stood at ₹208 from ₹193 during the same quarter last year. Ashok Leyland reported a robust Q3 with an EBITDA of ₹1114 Cr (12.0%) and a net profit of ₹580 crore, marking a 60% increase over Q3 FY23. Revenues stood at ₹9273 crore, a 2.7% growth. The company achieved a historic high commercial vehicle volume of 1,38,416 units in the first nine months of the fiscal year. Despite global challenges, it recorded a 6.5% growth in export volume. The debt was ₹1747 Cr at the end of Q3 FY24, with a debt-equity ratio of 0.2 times.
Published 08 Feb 2024 09:58 PM
Varun Beverages Q4 Results: Cons PAT at Rs 132 crore; final dividend declared
Varun Beverages Ltd, PepsiCo's largest franchise bottler, on Monday reported a consolidated net profit of ₹132 crore for the fourth quarter ended December 2023, up 77% year-on-year, helped by growth in revenue and improved profit margins. The company, which follows the calendar year as its financial year, had posted a net profit of ₹74.7 crore during the October-December quarter a year ago. Its revenue from operations during October-December 2023 stood at ₹2,731 crore, a jump of 21% as compared with ₹2,257 crore in the the year-ago period, Varun Beverages said in a regulatory filing. Varun Beverages' total expenses stood at ₹2,552 crore, a jump of 17% as against ₹2,177 crore. The board of PepsiCo's largest franchise bottler also recommended a final dividend of ₹1.25 per equity share for the financial year ended December 31, 2023 to the shareholders of the company. The record date will be fixed by the Board of Directors of the company. Ravi Jaipuria, Chairperson of Varun Beverages, said that despite the abnormally high unseasonal rains in the peak season, his company concluded 2023 on a strong note. He said his company witnessed a healthy double-digit volume growth in both Indian and International markets. "Our consolidated sales volume increased by 13.9%, and the net realisation per case increased by 7% in 2023. Both these together contributed to our remarkable revenue growth of 21.8 per cent and an impressive PAT growth of 35.6 per cent. In line with our strategic objectives, we have successfully commissioned multiple greenfield and brownfield facilities across key geographies during the year. This expansion not only strengthened our manufacturing capabilities but also extended our market reach," he added.Shares of Varun Beverages Ltd was trading almost flat at ₹1,287.75 apiece on the NSE.
Published 08 Feb 2024 09:56 PM
Over 50 smallcap stocks gain between 15-50% as Sensex logs best week in 2024; do you own?
Nearly 50 smallcap stocks logged a double digit rise in their stock prices - in the range of 15-50 per cent last week, with the benchmark BSE Sensex logging its best week in 2024 so far, as the government's fiscal prudence in Interim Budget 2024 also boosted sentiment. The benchmark Nifty 50 index hit an all-time high for the fifth time this year on Friday, driven by gains in heavyweights such as Reliance Industries and information technology (IT) stocks.On the stock-specific front, NBCC (India), HCC, IRB Infra, Shakti Pumps, Punjab & Sind Bank, KPI Green Energy, Tata Investment, Andrew Yule, Infibeam Avenues, Man Industries, Indian Bank, PTC Industries, Jaiprakash Power, Zen Technologies, SpiceJet, UCO Bank, Orient Green Power, and others are among the smallcaps that logged a double-digit rise in their share prices last week. The government's adherence to its fiscal consolidation roadmap and thrust on capex are positive for bonds and the impact on equities has been as expected, said Abhishek Goenka, founder and CEO of IFA Global. The gains in mid-caps last week were capped by Paytm shares nosediving 20 per cent for the second day in a row, since the central bank ordered its banking arm to stop taking fresh deposits. Markets rebounded after spending two weeks in a corrective phase and gained around two per cent, led by favorable cues. The tone was positive for most of the week citing favorable global cues and buying in select heavyweights however underperformance of banking majors continues to weigh on the sentiment.Frontline indices logged their best week this year so far, led by large-cap stocks like Reliance Industries, which logged its best week since June 2022. On the weekly basis, the BSE benchmark jumped 1,384.96 points or 1.95 per cent, and the Nifty climbed 501.2 points or 2.34 per cent."Large-caps like Reliance and HDFC Bank have come to the fore in this leg of the rally," said Saurabh Jain, assistant vice president of research for retail equities at SMC Global. The allocations could shift further towards the segment from small- and mid-caps as investors seek safety in an expensive market, according to analysts.The BSE benchmark declined 106.81 points or 0.15 per cent to settle at 71,645.30 on Thursday when the finance minister presented Interim Budget 2024 in the Parliament. The Nifty 50 dipped 28.25 points or 0.13 per cent to 21,697.45 on February 1. PSU bank surged over two per cent on account of the 10-year G-Sec yield falling to an eight-month low at 7.04 per cent after the finance minister announced a lower borrowing plan.
Published 08 Feb 2024 09:55 PM
Orios Venture Partners sells nearly 3% stake in Country Delight for Rs 225 crore
Orios Venture Partners has made a partial exit from direct-to-consumer (D2C) fresh food brand Country Delight for around Rs 225 crore. People familiar with the matter said the early-stage venture capital firm has sold about a 3% stake in Country Delight to Temasek-backed asset management group Seviora. Orios had invested Rs 15 crore in Country Delight from its Fund-I, of which the first cheque of Rs 3 crore was infused in 2017. The firm had subsequently invested additional sums in Country Delight through its later funds.Across all its investments in the D2C company, Orios held 21-22% stake in Country Delight prior to the partial exit.On January 5, ET reported that the Gurugram-based company raised around $20 million (around Rs 164 crore) in a funding round led by one of its existing investors, Singapore’s sovereign fund Temasek. Another existing backer, Venturi Partners, also participated, in addition to Seviora, which invested through its agriculture and food-focused investment vehicle Seviora T3F Fund. The round valued Country Delight at around $820 million. Orios launched Fund-I in 2014, with a final close of Rs 300 crore in 2015. In January, the Mumbai-based investment firm announced that it had returned the initial corpus to its limited partners, or sponsors of the fund. Among the various sectors, Fund-I allocated 27% of its corpus to ecommerce marketplaces, followed by D2C at 18%, and healthtech at 14%. Key portfolio companies that emerged from the fund include Country Delight, PharmEasy, Intelligence Node, and Zostel. Orios also counts BatterySmart, Vedantu, Ixigo, Mobikwik and CarDekho among its portfolio companies. It had also backed beleaguered car repair startup GoMechanic but had to eventually write off the investment after GoMechanic’s founders admitted to financial wrongdoing. The Rehan Yar Khan-led investment firm also saw two of its managing partners Anup Jain and Rajeev Suri depart in September 2023.
Published 08 Feb 2024 09:53 PM
Court relief for Byju’s in TLB lenders’ suit
Byju’s won a legal reprieve on Monday when a civil court in Bengaluru declined to grant a plea by its lenders challenging Manipal Group Chairman Ranjan Pai’s acquisition of a 40% stake in the embattled edtech firm’s subsidiary Aakash Institute, two people aware of the development said. The lenders of Byju’s $1.2 billion term loan had moved the city court last Thursday seeking an ex-parte injunction on the transaction allowing Pai to convert a loan of about $250-$300 million he had advanced to the brick-and-mortar coaching network into equity in Aakash Institute. Thursday’s legal challenge by the TLB lenders caught both Byju’s and Pai “by surprise” the sources said. The lenders were petitioning the court about Pai's conversion of debt into equity at a lower valuation of $600 million compared to the valuation of $950 million ascribed to Aakash Institute when it was acquired by Byju’s parent Think & Learn in 2021. As such, the proposed deal hurts the lenders of Think & Learn, the lenders contended. This lender group controls 80% of the term loan raised by Byju's in November 2021. According to people present at the hearing on Monday, the court did not grant the injunction to block the deal as per the lenders' plea while also adding that the jurisdiction for the case was not correct. The lenders had cited the credit agreement which they said bars Byju’s parent Think & Learn from selling any asset without prior approval from the lenders, the sources said. Byju’s made its arguments over the weekend at the city civil court, they added.
Published 08 Feb 2024 09:52 PM
Banks await RBI nod on KYC challenges at Paytm before moving business
Digital payments player Paytm is awaiting the Reserve Bank of India’s (RBI) approval to start moving its settlements business from Paytm Payments Bank to other lenders. But issues around KYC (Know Your Customer) of the accounts could be a major hiccup holding up the process. Two senior bankers in the know told ET that given Paytm was involved in issues around KYC of its user base in the past, bankers are looking for directions from the RBI before taking on the business. KYC is a process that requires a potential customer to submit original identity documents to a bank before being able to access its services. The central bank allows digital KYC through video verification. “We have to be careful about who we are doing business with. In this case, we need to be sure of the KYC of the merchants as well as the customers, so the central bank will need to take a call on that,” one of the bankers said. This will take time, and the banking regulator will only take the call after detailed consideration and thorough scrutiny of its own. The actual number of proper KYC-ed users of Paytm will be scrutinised too, the bankers added. The RBI did not respond to emailed queries from ET. On January 31, the RBI asked Paytm Payments Bank to stop offering basic banking services from February 29. It has effectively asked its customers to move all their funds from the payments bank or use up their available balance.The language and the directive from the banking regulator came as a shock to the banking and fintech industry. Several industry insiders said that coming back from this situation might be a huge challenge for the bank promoted by Paytm founder Vijay Shekhar Sharma.
Published 08 Feb 2024 09:52 PM
Jeff Bezos plans to sell 50 million Amazon shares over next year
The disclosure came through a filing with the US Securities and Exchange Commission (SEC), where Amazon revealed Bezos' trading plan.In a move that has captured market attention, Amazon's founder Jeff Bezos is set to offload a significant portion of his company shares over the next year. Reports from various media outlets indicate Bezos' intention to divest at least 50 million shares of the e-commerce giant. The disclosure came through a filing with the US Securities and Exchange Commission (SEC), where Amazon revealed Bezos' trading plan. As the executive chair of the company, Bezos' move signals a strategic adjustment in his investment portfolio. The plan outlines the potential sale of up to 50 million shares by January 25 of the following year, subject to specific conditions. While Bezos, who recently marked his 60th birthday, retains a vast holding of nearly one billion Amazon shares, this divestment plan represents a substantial reduction in his stake. Additionally, the filing reveals that seven other top executives at Amazon have formulated similar trading plans to sell shares.Bezos' shareholding in Amazon is a cornerstone of his considerable personal wealth, currently estimated at $193.3 billion. The planned divestment underscores a deliberate repositioning of assets by one of the world's wealthiest individuals. Amazon's financial performance remains robust, with impressive figures reported for the holiday quarter ending December 31, 2023. The company saw a 14% increase in net sales, reaching $170 billion compared to $149.2 billion in the same period of the previous year. Net income also surged to $10.6 billion in Q4 2023, compared to $0.3 billion in Q4 2022. Notably, the Amazon Web Services (AWS) segment reported a 13% year-over-year increase in sales, totaling $24.2 billion. CEO Andy Jassy commented on the exceptional performance, describing the holiday season as "record-breaking." Jassy expressed optimism for the company's trajectory in 2024, highlighting ongoing efforts and forthcoming opportunities.As Bezos prepares to execute his share sale plan, the market will closely monitor its impact on both Amazon's stock value and Bezos' personal financial landscape.
Published 08 Feb 2024 09:47 PM
US Economy Today: Federal Reserve Officials Beat the Confidence Drum
Welcome to Investopedia's economics live blog, where we'll explain what the day's news says about the state of the U.S. economy and how that's likely to affect your finances. Here we will compile data releases, economic reports, quotes from expert sources and anything else that helps explain economic issues and why they matter to you. Today, another batch of Federal Reserve officials will offer their opinions on the Open Market Committee's path forward.Boston Fed President Susan Collins was another in the line of Federal Reserve officials who broadly said they needed more “confidence” that inflation is sustainably declining before cutting interest rates. She did, however, lay out a few fundamental indicators she is watching. In remarks to the Boston Economic Club, Collins said housing inflation was taking longer to come down than other categories and she wants to see more progress there. Consumers’ inflation expectations needed to remain “well anchored." Recent consumer confidence surveys have jumped as people start to feel better about inflation and the economy. Collins also said she is closely monitoring wages, pointing to data from Boston Fed economists. The data suggests “there is room for wages to catch up and continue increasing at a healthy pace for some time without necessarily spurring inflationary pressures” due to gains in productivity. However, she was looking to see declines in labor demand to help bring better balance. Employers continued to add more jobs than anticipated in January, while wages also surged.Inflation should continue to decline, so long as consumers begin to put away their wallets, Fed Governor Adriana Kugler told the Brookings Institute Wednesday.
Published 08 Feb 2024 09:46 PM