India News & Trends

Why the fundamental fault lines in the business won't be resolved by the Omnicom–IPG merger

Why the fundamental fault lines in the business won't be resolved by the Omnicom–IPG merger

The Omnicom–IPG merger is now more than just a balance-sheet event as India's advertising sector faces one of its largest structural changes in decades. In a sector already struggling with AI disruption, customer distrust, and shifting talent economics, it is a stress test for scale, relevance, and trust.Veteran executives Ashish Bhasin, Anita Nayyar, Shubho Sengupta, and Kunal Lalani provide starkly different interpretations of what consolidation actually means, including whether it signals the emergence of a three-player oligopoly, a long-overdue efficiency reset, or a defensive reaction to an industry that has already moved on.One thing unites their opinions: size by itself is no longer a guarantee of advantage. The next stage of competition will be characterised by speed, specialisation, and credibility rather than scale as holding corporations compete to handle conflicts, merge cultures, and reassure clients. In 2026, artists, agencies, and advertisers will focus more on who still matters than on who is the biggest."This era of consolidation in advertising and media did not begin recently—it has been unfolding over the past decade," notes Ashish Bhasin, founder of The Bhasin Consulting Group and former CEO APAC, Dentsu. He reminds us that media owners and broadcasters have travelled the same route as agencies, with mergers like Star and CNBC indicating what was to come. Given that "the top four or five holding companies now account for nearly 80–85% of the market share," as noted by Bhasin, the merger of Omnicom and IPG seems like the next obvious step. The level of competition has changed. "A very formidable competitor emerges for WPP," which has long maintained the top spot in India, as a result of the merger. "Going forward, WPP, Omnicom, and Publicis are likely to become the three largest holding companies in India," according to Bhasin, who envisions a market dominated by three titans. Scale will continue to be important, especially in the media, driving rivalry and making "further consolidation inevitable."However, Bhasin takes pains to avoid portraying this as everyone else's demise. He acknowledges that "the overarching trend clearly points towards consolidation," but adds that "India remains a large and fast-growing market, so there is space for multiple players to coexist."  

Published 31 Dec 2025 11:11 PM

Network18 defies industry slowdown; Rahul Joshi charts bold growth path for 2026

Network18 defies industry slowdown; Rahul Joshi charts bold growth path for 2026

In a year when the majority of advertising-driven media firms struggled with diminishing earnings, dwindling viewership, and industry consolidation, Network18 has reported growth in all of its major businesses while increasing its emphasis on relevance, subscription, creative collaborations, and digital-first expansion.Rahul Joshi, Managing Director & Group Editor-in-Chief at Network18, stated in an internal year-end message to staff members that the organization had "beaten the odds" in a difficult year for classic news formats by emphasizing unique content, ecosystem thinking, and non-traditional revenue streams. The group established Creator18 to bolster its creator economy strategy, providing a platform for a variety of digital artists while also utilizing their audiences to increase relevance and income share. Additionally, the business emphasized a fresh emphasis on high-quality tools, research, and insights across its major brands, Moneycontrol and CNBC-TV18, as opposed to chasing "click-baity" traffic.Joshi emphasized the quick expansion of Moneycontrol's lending platform, the success of MC Pro, which has over a million users, and the early popularity of SuperPro, which targets high-value traders and investors and increases average revenue per user. He reaffirmed that the company's next growth phase will be defined by non-news content, digital tools, and product innovation. Stronger advertiser access, even from emerging markets, is made possible by the regional news cluster's ongoing multilingual expansion, which is bolstered by a robust national sales network and improved digital outreach. According to Joshi, the firm is still "de-risked" in comparison to its traditional ad-dependent counterparts because subscriber income is growing, transactions are scaling, and events and IPs are bolstering heritage monetization.He acknowledged the structural changes in media consumption, particularly among Gen Z, and pointed out that speedier, platform-native storytelling is becoming more relevant than conventional news formats. With a greater emphasis on CTV and social media, he emphasized that Network18's brands will lead with subtlety, intelligence, and digital-first execution, driven by platforms like Firstpost, Kadak, News18 India, and CNN-News18. Joshi declared 2026 to be a "mission mode" year to foster youthful leadership, experiment vigorously, and keep reinventing the future of Indian news media as he celebrated his ten years with the organization. "We made 2025 count in a year that was really difficult for many. He used Roald Dahl to encourage teams to maintain their faith in "magic" in the face of change, saying, "Let's make 2026 rock."  

Published 30 Dec 2025 10:03 PM

On December 26, 2025, India will have early access to Now You See Me, Now You Don't.

On December 26, 2025, India will have early access to Now You See Me, Now You Don't.

The widely watched heist-adventure show With an early access release set for December 26, 2025, NOW YOU SEE ME: NOW YOU DON'T will make its digital premiere in India, offering viewers looking for a premium watching experience a rental fee of INR 499. The movie will be accessible on several key digital platforms, like as Google/YouTube, Apple TV, and Amazon, giving viewers a variety of ways to enjoy the magical series. The film NOW YOU SEE ME: NOW YOU DON'T, which was directed by Ruben Fleischer, brings back the Four Horsemen along with a new generation of illusionists. It offers an exhilarating mix of mind-bending twists, shocks, and expansive magic sequences that have never been seen on screen before. With bold illusions and intense storytelling, the movie raises the stakes while maintaining the franchise's trademark blend of spectacle and tension.Along with an ensemble cast that includes Dave Franco, Woody Harrelson, and Jesse Eisenberg, the movie maintains the adventurous tone of the trilogy while adding new characters and audacious new heists. The Now You See Me franchise, which is well-known for its chic graphics and deft storytelling, has amassed a sizable worldwide following thanks to its distinctive blend of magic and criminality.  

Published 23 Dec 2025 11:00 PM

How an Indian Gen Z leader is reinventing design education

How an Indian Gen Z leader is reinventing design education

Director of the JD Institute of Fashion Technology Rinesh Dalal talks with Adgully about his experience reinventing design education through innovation, entrepreneurship, and creativity. Dalal, who joined the education sector at the age of 18, offers a unique combination of strategic thought and artistic vision to his leadership position. He considers creating experiential learning ecosystems outside of classrooms, from fostering creative communities and supporting emerging talent to extending the JD tradition into digital-first platforms like JDOnline and JD Podcast. Dalal also discusses how technology, narrative, and purpose will continue to influence design education in India.I was never ready to start working at such a young age, much less establish my own business. I had intended to continue my education in film in London, but because my family is very business-oriented, I decided to use that money to start my own company. In retrospect, I can see how much I have developed both myself and inside the company. I joined JD Institute four years ago, and it has been two and a half years since I assumed full leadership. I have acquired extensive practical experience throughout this period, which enables me to firmly continue this tradition. As a member of the same generation as today's youngsters, I am aware of their goals, mindset, and the help they require at various phases of their development.JDOnline was developed to close the accessibility gap by enabling anybody, anywhere, to receive top-notch design education without being constrained by traditional classroom settings. JD Podcast helps students grasp the real-world dynamics of the creative industry by providing them with authentic talks, thoughts, and experiences from artists, entrepreneurs, and industry leaders. This helps close the industry awareness gap.  

Published 21 Dec 2025 09:53 PM

Venugopal Jeyandran Reliance Retail Ventures Ltd.'s President and CEO was appointed.

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.

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

JioBLAST appoints Manish Patankar as VP commercial partnerships

JioBLAST appoints Manish Patankar as VP commercial partnerships

  JioBLAST, the joint venture between Jio, RISE Worldwide, and BLAST shaping India's next generation of esports and competitive entertainment, today announced the appointment of Manish Patankar as VP-Commercial Partnerships.Manish joins JioBLAST with more than 12 years of experience in sports business, commercial strategy, and IP monetisation from some of the biggest sports and entertainment companies in India. His background includes previous entrepreneurial efforts at SahiCoin, leadership positions at Collective Artists Network, ITW Consulting, and IOS Sports & Entertainment. In his prior assignments, he spearheaded commercial strategy for sports IPs, scaled partnership revenues, and led major transactions with leagues, broadcasters, athletes, and brands.At JioBLAST, Manish will oversee commercial strategy across esports properties, large-scale IPs, partnerships, monetisation, and integrated opportunities across the JioBLAST ecosystem, establishing scalable revenue engines for India's rapidly rising esports audience. "Manish brings a rare blend of sports IP experience, brand solutions and dealmaking. His ability to build value with brands will be instrumental as we scale JioBLAST into India's largest multi-game esports platform. We're thrilled to have him onboard as we expand our ambitions across events, partnerships and the Jio ecosystem."JioBLAST is a joint venture between Jio, BLAST, and RISE Worldwide Limited, integrating Jio's 500+ million-strong digital ecosystem with BLAST's global expertise in esports entertainment and RISE's leadership in sports and event management. Together, they want to establish India's most engaging and scalable esports IP ecosystem - from world-class competitions to creator-driven entertainment formats.  

Published 03 Dec 2025 08:55 PM

FICCI President-Elect Anant Goenka for 2025–2026

FICCI President-Elect Anant Goenka for 2025–2026

Anant Goenka, the vice chairperson of the RPG Group, has been named the Federation of Indian Chambers of Commerce and Industry's (FICCI) 2025–2026 president-elect. A significant leadership change in one of India's oldest and most significant business chambers was announced on Tuesday.In addition to being the Vice Chairperson of RPG Group, a diverse Indian industrial conglomerate with interests in industries like infrastructure, IT, healthcare, and tires (CEAT), Anant Goenka is currently the Senior Vice President of FICCI. Within the RPG Group, Goenka, a third-generation business executive, is renowned for spearheading digital transformation and modernizing processes. He graduated from Northwestern's Kellogg School of Management and the University of Pennsylvania's Wharton School. A generational change and the increasing impact of young industry leaders in influencing India's policy and economic discourse are signaled by his appointment as FICCI president-elect. The incumbent FICCI President and Vice Chairman & Managing Director of Emami Group, Harsha Vardhan Agarwal, will be replaced by Anant Goenka. Second-generation businessman Harsha Vardhan oversaw FICCI during the 2024–2025 term. Under his direction, FICCI made a substantial contribution to business-government cooperation by concentrating on MSME reforms, exports, ESG, and inclusive growth.One of the most well-known business associations in India is the Federation of Indian Chambers of Commerce and Industry, or FICCI, which was established in 1927. Additionally, it is essential to Participating in policy debates on behalf of Indian industries Talking about economic reforms with the authorities Encouraging global trade alliances putting together prestigious events such as the India Innovation Summit, FICCI Frames, and FICCI Flo  

Published 16 Oct 2025 05:25 PM

Rajesh Khanna accused Salman Khan of betraying him by offering to labour for free in order to purchase his mansion, saying,

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."

As India's "first superstar," Rajesh Khanna led an extravagant existence. Between 1969 and 1972, he set an unprecedented record of 15 consecutive solo hit films. During the height of his fame, he amassed substantial riches and properties. He even bought a mansion with a view of the sea on Carter Road, one of Mumbai's most desirable streets, and christened it Aashirwad. The cottage quickly rose to prominence and came to represent his unmatched fame.Aashirwad was purportedly purchased by Rajesh Khanna from fellow actor Rajendra Kumar in the early 1970s for about Rs 3.5 lakh. Author Gautam Chintamani writes in Dark Star: The Loneliness of Being Rajesh Khanna that after Khanna relocated to Aashirwad, "the facade of being a king was complete."  

Published 31 Dec 2025 11:19 PM

The Bollywood movie Battle of Galwan has caused controversy due to its factual distortion experts claim that a country's holy area cannot be impacted by over-the-top  drama.

The Bollywood movie Battle of Galwan has caused controversy due to its factual distortion experts claim that a country's holy area cannot be impacted by over-the-top drama.

On December 27, main actor Salman Khan released the trailer for the Indian film Battle of Galwan, which is set to be released in April 2026 and purports to be based on the 2020 fighting between Indian and Chinese troops in the Galwan region. The clip sparked outrage on the internet on Monday. Chinese internet users frequently make fun of Salman Khan, who is best known to Chinese audiences as the lead actor in Bajrangi Bhaijaan, for portraying parts that seem too unbeatable, with stories that are too straightforward and excessive visual effects that make the drama seem surreal.Salman Khan plays Colonel Bikkumalla Santosh Babu in the movie, a role that Indian media said attracted Bollywood's attention due to his alleged crucial part in the 2020 Galwan Valley conflict. Bollywood films, at most, offer an emotionally charged and entertaining picture, but no amount of cinematic exaggeration can change history or undermine the PLA's resolve to protect China's sovereign land, according to a Chinese scholar on Monday.The Hindustan Times reported on Sunday that the trailer opens with Salman's voice giving a speech while instructing his soldiers on how to combat the "enemy." He is then shown in the video approaching the "enemy," with his soldiers standing next to him. He is then shown clinging to a stick while the "enemy" rushes in their direction. Salman's character strikes someone with the stick as the video comes to a close. On the other hand, some online users questioned whether the movie had imitated a sequence from Game of Thrones.The movie has also sparked additional controversy on the internet, with users pointing to things like extras' outfits and looks, actors' hairstyles that don't fit their military roles or the storyline's suggestion of extreme cold, and—most importantly—a depiction of events that isn't true. About 200 Indian soldiers valiantly defended their land against a force of 1,200 Chinese soldiers on June 15, 2020, according to certain local media, notably India Today, which has promoted the movie as being based on the events that occurred between Indian and Chinese troops in the Galwan region.  

Published 30 Dec 2025 10:10 PM

Actor Sivaji apologises

Actor Sivaji apologises "sincerely" for remarks made on the attire of actresses.

Following intense criticism for comments he made on women's attire at the pre-release event of the upcoming movie Dhandoraa, Telugu actor Sivaji has publicly apologised. Social media users and several members of the film industry reacted strongly to the actor's remarks, which were generally condemned as uninvited and moralising.Sivaji posted a video message on X apologising for his remarks made during the Monday event. "I should not have used unparliamentary words," he said. I wasn't talking about all women. I just mentioned that if actors dressed carefully, they might not feel uncomfortable. Although I didn't want to disparage anyone, I truly apologise for using such language. Sivaji posted a video message on X apologising for his remarks made during the Monday event. "I should not have used unparliamentary words," he said. I wasn't talking about all women. I just mentioned that if actors dressed carefully, they might not feel uncomfortable. Although I didn't want to disparage anyone, I truly apologise for using such language."I ask all heroines not to wear revealing outfits," the actor remarked in Telugu. Please wear gowns or sarees that completely conceal your body. Wearing a saree or full clothing is more beautiful than flaunting one's physical prowess.  

Published 23 Dec 2025 11:41 PM

Day 17 box office receipts for Dhurandhar (LIVE) The Ranveer Singh and Akshaye Khanna film hits Rs 550 crore, grows on its third Sunday, and is unaffected by Avatar Fire and Ash.

Day 17 box office receipts for Dhurandhar (LIVE) The Ranveer Singh and Akshaye Khanna film hits Rs 550 crore, grows on its third Sunday, and is unaffected by Avatar Fire and Ash.

It made more money in the second week—Rs 253 crore—than it did in the first. This is quite uncommon. In the first week, it earned Rs 207.25 crore. The movie started off slowly on the third Friday after finishing the second week, and it may now start to decline. It earned Rs 22.5 crore on Friday, day 15. It made Rs 34.25 crore on the third Saturday, growing by over 52%. And now, Sunday, day 17, has begun on a respectable note as well. It might wind up earning at least as much as it did on Saturday.The movie has made Rs 36.47 crore so far. The current total collection is Rs553.72 crore. On its third day, Sunday, "Avatar Fire And Ash" has now earned Rs 22.82 crore.So far, the film has earned Rs 36.47 crore. As of right now, Rs553.72 crore has been collected. "Avatar Fire And Ash" has already made Rs 22.82 crore on Sunday, its third day.  

Published 21 Dec 2025 10:36 PM

GST reform: starting Monday, these goods will be subject to the highest tax. View the complete list

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.

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?

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

Closing Bell: Sensex up 324 points, Nifty above 24,950; IT and PSU Banks rise, automobiles down

Closing Bell: Sensex up 324 points, Nifty above 24,950; IT and PSU Banks rise, automobiles down

On September 10, Indian equities indices concluded well, with the Nifty closing above 24,950. The Nifty was up 104.5 points, or 0.42 percent, at 24,973.10 at the closing, while the Sensex was up 323.83 points, or 0.40 percent, at 81,425.15.We'll be returning tomorrow morning with all the most recent news and alerts as we wind up today's Moneycontrol live market blog. To view all of the global market activity, please visit https://www.moneycontrol.com/markets/global-indices.On Wednesday, markets gained almost half a percent, continuing their upward trajectory. Following a gap-up beginning, the Nifty index spent the first half of the day moving within a small range. However, volatility in the second half of the day reduced some gains, and it ultimately finished around 24,973 levels.With advances of more than 2.5 percent, the IT sector maintained its recovery, followed by the real estate, banking, and energy sectors. The auto industry, on the other hand, saw profit booking following multiple outperforming sessions, losing more than 1%. With the midcap and smallcap indices rising between 0.75% and 1%, market breadth stayed strong, supporting the bullish tone in both frontline and broader markets.Positive foreign capital market flows following a period of persistent depreciation, as well as increased confidence regarding the status of trade discussions between the US and India, helped to boost sentiment and maintain the upswing.Although the markets are slowly rising due to encouraging signals, the Nifty will need to maintain its participation from the two main industries—banking and IT—in order to progress toward the 25,250–25,400 range. Support has moved to the 24,650–24,750 level on the downside. In order to build up fundamentally sound counters across the board, we advise employing intermediate drops or consolidation phases while keeping a positive bias.  

Published 10 Sep 2025 08:40 PM

Why rising demonstrations are centered around India's Aravalli hills

Why rising demonstrations are centered around India's Aravalli hills

The Supreme Court's redefinition of the Aravalli hills, one of the oldest geological formations in the world, which encompass the states of Rajasthan, Haryana, Gujarat, and Delhi, has sparked protests throughout northern India. Any landform rising at least 100 meters (328 feet) above the surrounding terrain is considered an Aravalli hill under the revised definition, which the court adopted in response to proposals from the federal government. An Aravalli range consists of two or more of these hills within 500 meters of one another, as well as the terrain in between. Environmentalists contend that classifying Aravalli hills according to height runs the risk of leaving many lower, scrub-covered but ecologically significant slopes vulnerable to mining and development. However, according to the federal government, the new definition is intended to increase uniformity and reinforce regulations rather than weaken rights.Protests have erupted across northern India after the Supreme Court redefined the Aravalli hills - one of the world's oldest geological formations spanning the states of Rajasthan, Haryana, Gujarat, and the capital, Delhi.  

Published 22 Dec 2025 10:25 PM

J&K: Srinagar erlebt teils heftigen Regen, IMD sagt Gewitter und starken Wind voraus

J&K: Srinagar erlebt teils heftigen Regen, IMD sagt Gewitter und starken Wind voraus

Heavy rainfall affected various areas of Srinagar city in Jammu and Kashmir, resulting in a temperature drop.The India Meteorological Department has predicted that the city will experience "Heavy Rainfall, Light to Moderate Rainfall, Thunderstorm accompanied with lightning & gusty winds(30-40kmph)" today.Previously, the Jammu and Kashmir government had instructed schools in the Jammu division to close due to the Indian Meteorological Department's prediction of heavy rainfall in this region. The government-issued circular states that all private and government schools in Jammu will be closed from October 6 to 7. In the Rajouri region, considerable damage was inflicted by intense rainfall that occurred earlier. Residents encountered difficulties because of compromised houses, roads that had sunk, and ruined harvests. Moreover, numerous rain-induced landslides have obstructed various routes within the district.In the meantime, torrential rains in North Bengal caused landslides and serious waterlogging, leading to significant destruction, road obstructions, and fatalities in multiple districts, such as Darjeeling and Jalpaiguri. District authorities confirmed on Monday that at least 18 people were reported killed in Darjeeling due to incessant rain that caused devastation in northern West Bengal on Saturday night and early Sunday. Read more at:  

Published 06 Oct 2025 05:40 PM

152 road segments in Delhi will receive significant renovations once the Center approves a Rs 803 crore investment.

152 road segments in Delhi will receive significant renovations once the Center approves a Rs 803 crore investment.

With the Center accepting the Delhi government's proposal for Rs 803 crore in funding, 152 important sections, including the Ring Road and other flyovers, totaling more than 330 km throughout the Capital, are scheduled to undergo a significant makeover that includes repair, reconstruction, and resurfacing.According to officials, the Central Road and Infrastructure Fund (CRIF) money were granted earlier this month by the Minister for Road Transport and Highways (MoRTH), who also requested administrative approval for the projects from the Delhi government. The MoRTH's CRIF program gives states and Union territory money to build and maintain important roads and infrastructure."Delhi is witnessing a new era of infrastructure development," stated Parvesh Sahib Singh, Minister of the Public Welfare Department (PWD). Roads are the lifeblood of any contemporary city, and by fortifying these vital thoroughfares, we are guaranteeing millions of commuters' safety, speed, and sustainability every day."This project aims to build top-notch urban infrastructure that fulfills the dreams of all Delhiites, not just fix roads," he continued.PWD officials insisted that this "project will take the Capital a giant step closer to the vision of a Viksit Delhi" and that the city would see one of the most comprehensive road upgrade and infrastructure development programs in recent years. Roads in the Central, North, East, Northeast, Shahdara, and Northwest districts will be upgraded, new corridors will be built, flyovers will be developed, and roads will be strengthened, resurfaced, and widened, according to officials.The Kashmiri Gate ISBT to Wazirabad, Vikas Marg, ITO circle, Ferozshah road, and the Nizamuddin to Kalkaji stretch are some of the important sections that will undergo repairs and improvements. Another important route that will be extended is the Noida Link Road, which links Noida to Central and East Delhi.In order to relieve traffic and enhance connectivity in Outer, West, and Northeast Delhi, the PWD also intends to build three new flyovers at the Rajouri Garden-Tagore Garden stretch, Rohtak Road (Military Road–Jhansi Road), and on Road 63 and Gokulpuri stretch. The letter from MoRTH to the Delhi Chief Secretary said, "The competent authority in this ministry has agreed to approve the work listed to an amount of Rs 803.39 crore to meet the cost of work debitable to the Government of NCT of Delhi's allocations under the CRIF Act, 2000."    

Published 10 Sep 2025 08:48 PM

The government lowers GST on frequently used goods; the new rates will take effect on this month's 22nd.

The government lowers GST on frequently used goods; the new rates will take effect on this month's 22nd.

The government has lowered the GST on a number of goods in various categories. The GST reduction rate will take effect on this month's 22nd. Finance Minister Nirmala Sitharaman told reporters in New Delhi today that the GST on goods used by the average person and middle class has been lowered from 18% or 12% to 5%. Hair oil, toilet soap, soap bars, shampoos, toothbrushes, toothpaste, bicycles, dinnerware, kitchenware, and other home items would now only be subject to 5% GST, the Finance Minister announced.She added that the GST rate on paneer, chena, and ultra-high temperature milk has been lowered from 5% to 0%, while the GST rate on all Indian breads would now be 0%. Additionally, Ms. Sitharaman declared that the GST on the following food items has been lowered from 12 or 18 percent to 5 percent: namkeen, bhujia, sauces, pasta, instant noodles, chocolates, coffee, preserved meat, cornflakes, butter, and ghee.The Minister further stated that the GST slab has been reduced from 28% to 18% for commodities such as air conditioners, televisions larger than 32 inches, all TVs, dishwashing machines, small cars, and motorbikes. According to her, labor-intensive businesses have provided substantial support, and today's measures will also benefit farmers and the agriculture industry. According to the Minister, the GST rate on all agricultural equipment has been lowered from 12% to 5%. Regarding the automobile industry: #GST on small cars and motorcycles up to 350 cc was lowered from 28% to 18%. # The GST on ambulances, buses, and vehicles was lowered from 28% to 18%. # GST on three-wheelers was lowered from 28% to 18%. # All auto parts were subject to a uniform 18% rate. GST reduction on medical supplies: #33 life-saving medications now have a 12% GST reduction instead of a 0% one. # Three life-saving medications used to treat cancer, rare diseases, and other serious chronic illnesses now have GST cut from 5% to 0%. # GST on certain medications was lowered from 12% to 5%.

Published 04 Sep 2025 09:45 PM

When you chew a piece of ginger every day for sixty days, your body experiences this.

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

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

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

Can your hair texture change after postpartum?

Can your hair texture change after postpartum?

Becoming a parent is among the most surreal experiences one can have. It seems as though your heart is bursting with love, but simultaneously, your body can feel more delicate and fatigued than it ever has after the ordeal of giving birth, even though you are amazed by the miracle it has just performed. With hormones fluctuating wildly and energy levels oscillating, you may discover that you are adapting to a new version of yourself on physical, mental, and emotional levels.In the midst of all these changes, your hair starts to narrate its own tale as well. Due to hormonal changes, many women notice significant hair loss in the months following childbirth. However, it often surprises people to learn that not only does the amount of hair change, but sometimes the texture does as well.Your hair may grow straighter if you have curls, or develop waves if it’s straight, and the texture of your locks can change in surprising ways, serving as a reminder that motherhood transforms more than just your routine—it transforms you.Many individuals observe that their hair becomes thicker, shinier, and fuller during pregnancy, resembling a natural glow-up. Dr. Ruben Bhasin Passi, a dermatology consultant at CK Birla Hospital in Gurugram, explains to India Today that this occurs because elevated estrogen levels prolong the hair growth phase, which stops normal shedding.This provides that additional volume and vitality. However, after the baby comes and hormone levels decrease, the narrative shifts. “When there’s a sudden decrease in hormone levels, the body adapts and hair experiences significant changes, which often surprises new mothers,” she adds. The doctor further explains that hair naturally cycles through phases of growth (anagen), rest (catagen), and shedding (telogen). During pregnancy, increased levels of estrogen keep more hair in the growth phase. After childbirth, when estrogen levels decrease, a number of these hairs enter the shedding phase simultaneously.  

Published 06 Oct 2025 05:41 PM

Axar Patel leads DC to a decisive victory over Rishabh Pant's LSG on a night that contrasts for the captains.

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:

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?

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

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

Revanth Reddy at a Christmas event Will bring law to punish those who insult other religions

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

About 50 out of 71 candidates on the BJP's initial list for Bihar were repeat candidates; senior ministers and deputy chief ministers

About 50 out of 71 candidates on the BJP's initial list for Bihar were repeat candidates; senior ministers and deputy chief ministers

For the Bihar Assembly elections next month, the BJP on Tuesday unveiled its initial list of 71 candidates, keeping a number of its current ministers and MLAs but adding fresh names in a few constituencies.About half of the 71 names are repeat candidates who ran in the 2020 elections, such as Vinod Narayan Jha (Benipatti), Pawan Jaiswal (Dhaka), Rana Randhir Singh (Madhuban), Awadhesh Singh (Hajipur), and Sanjay Saraogi (Darbhanga).Outgoing deputy chief ministers Samrat Choudhary and Vijay Kumar Sinha will run in the next Bihar assembly election from the Tarapur and Lakhisarai assembly constituencies, respectively, according to the Bharatiya Janata Party's first list of candidates released on Tuesday. Election results for the 243-seat Bihar legislature will be revealed on November 14 after two phases of voting on November 6 and 11.The Bharatiya Janata Party and the Janata Dal-United (JDU) are running for 101 seats apiece, while the Lok Janshakti Party (Ram Vilas), led by Chirag Paswan, is running for 29 seats. The National Democratic Alliance (NDA) finalized their seat-sharing formula for the Bihar assembly elections on Sunday. Jitan Ram Manjhi's Hindustani Awam Morcha (Secular), also known as HAM(S), and Upendra Kushwaha's Rashtriya Lok Morcha (RLM) will compete for six seats each.As the party ran for 115 seats in the 2020 Bihar assembly election, Nitish Kumar's JD(U) saw a decline in the final seat-sharing results. Additionally, the BJP lost 110 seats from the previous election to 101.Union minister Dharmendra Pradhan wrote on X to announce the completion of the seat-sharing arrangement, saying, "The NDA allies have finished the distribution of seats in a cordial atmosphere." This is greatly appreciated by all NDA party leaders and employees. Bihar is prepared, and an NDA government will be established once more.  

Published 14 Oct 2025 09:07 PM

In the push for OBC quota, BJP MP government aligns its argument with Congress's 'jitni abaadi, utna haq' pitch

In the push for OBC quota, BJP MP government aligns its argument with Congress's 'jitni abaadi, utna haq' pitch

The BJP government in Madhya Pradesh, led by Mohan Yadav, is advocating in the Supreme Court for an increase in the reservation for Other Backward Classes (OBCs) from 14% to 27%. This initiative would violate the top court's quota ceiling of 50%. It appears to resonate with Leader of the Opposition Rahul Gandhi's call for “jitni abaadi, utna haq (representation proportional to population).”In an affidavit submitted on September 23 before the Supreme Court proceedings that commenced Wednesday, the Madhya Pradesh government referenced 2011 Census data, stating that disadvantaged groups including Scheduled Castes (SCs) at 15.6% of the population, Scheduled Tribes (STs) at 21.1%, and OBCs at over 51% together constitute over 87% of the state's population. On Sunday, veteran Congress politician Kamal Nath charged that the BJP government in Madhya Pradesh was perpetrating a “drama” under the pretext of providing a 27 percent reservation for Other Backward Classes (OBCs). He claimed that the ruling party aimed to deny this community its rights. The OBC quota was raised from 14% to 27% by an ordinance under Nath's Congress government in 2019, but litigation prevented its implementation.Nath asserted in an X post that the Mohan Yadav government was using court procedures and legal advice as a repeated excuse to protect itself.    

Published 09 Oct 2025 04:19 PM

Could BJP nominate Maithili Thakur to resonate well in Mithilanchal? Celebration, young folk music performer – let out a few suggestions

Could BJP nominate Maithili Thakur to resonate well in Mithilanchal? Celebration, young folk music performer – let out a few suggestions

As reported by The Indian Express, 25-year-old folk singer Maithili Thakur may run for the Benipatti or Alinagar seat in the forthcoming Bihar Assembly elections in Mithilanchal. At the age of 12, Maithili first rose to fame by launching a YouTube channel where she sang Maithili and Bhojpuri songs. She currently boasts more than 5.1 million YouTube subscribers and 6.3 million Instagram followers.Thakur's recent meetings with Vinod Tawde, the national general secretary of the Bharatiya Janata Party and Bihar organisation in-charge, as well as with Union minister Nityanand Rai, have led to speculation regarding her candidacy in the elections. During her visit to Jabalpur for a performance at the Narmada Mahotsav, the folk singer informed journalists that she feels a special bond with her hometown and believes beginning her political career there would provide her with valuable lessons.Bihar's assembly elections will take place in two phases on November 6 and 11, with vote counting scheduled for November 14. When asked about her preferred assembly constituency, Maithili responded, "There hasn't been any official announcement yet, but I would like to go to my village area because I have a special connection with it." Beginning there will provide me with an opportunity to learn as well. By meeting people and talking to them, I will gain more understanding if I start from my village," she added.In response to a question concerning the Bihar assembly elections, the 25-year-old singer expressed her willingness to help with the country's development in any way she can. Thakur mentioned that she and Tawde and Rai talked about various aspects of Bihar's future during her meeting with them. Thakur, who was born in Madhubani district of Bihar at Benipatti to a father who was a Maithili musician, made his musical mark in 2011 at the age of 11 and has remained active in the field since then. Vinod Narayan Jha, a BJP leader and ex-minister, is the current representative of Benipatti in the Bihar assembly. In this constituency, which is dominated by Brahmins, the BJP leader (aged 68) triumphed over Bhavana Jha of Congress in 2020, winning by over 30,000 votes.  

Published 07 Oct 2025 09:03 PM

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Zee-Sony Merger Called Off: These mutual funds have exposure to the stock

Zee-Sony Merger Called Off: These mutual funds have exposure to the stock

India's mutual fund houses have increased their stake in Zee Entertainment in all of the nine quarters since the Sony merger announcement in December 2021. As of the December quarter, the domestic mutual funds held a 32.49% stake in Zee Entertainment, which is more than double the 12.16% stake they held at the end of the December 2021 quarter when the deal was announced. The increase in stake also corresponds with the exit of its largest shareholder Invesco, which along with Oppenheimer, held close to 18% stake in Zee at the time of the merger announcement. While Invesco Developing Markets Fund exited the stock by selling its 7.8% stake in April 2022, the OFI Global China Fund earlier pared a 5% stake between October and December 2022, before making a complete exit in April 2023. Among the funds that own a substantial stake in Zee Entertainment as of the December quarter include ICICI Prudential Value Discovery Fund, Nippon India Multi-Cap Fund, and HDFC Mid-Cap Opportunities Fund, among others. Some of India's largest insurance companies, all listed, also own a stake in Zee Entertainment, including the country's largest insurer LIC, along with HDFC Life and SBI Life Insurance.   

Published 24 Jan 2024 11:17 PM

Stock Market  Nifty 50 falls below 21,500, Zee Entertainment shares down 25%

Stock Market Nifty 50 falls below 21,500, Zee Entertainment shares down 25%

The Bombay Stock Exchange (BSE) has revised the Dynamic Price Band of shares of Zee Entertainment to 30% downward from 25% earlier. In case further relaxation is needed, it will be done at an interval of 15 minutes, a circular from the BSE said.It must be noted that the stock is currently in the F&O ban and hence there are circuit limits being imposed, something that is a practice with non-F&O stocks.   Otherwise, for F&O stocks, there is no price band. Barring ICICI Bank, the remaining 11 stocks in the Nifty Bank index are contributing negatively towards its downside. Reliance Industries shares were in focus on January 23 with analysts expecting up to 23% upside in the Mukesh Ambani-led conglomerate’s stock following the results for the October to December 2023 quarter. Reliance shares traded more than a percent lower after the firm reported a steady third quarter with retail business revenue hitting a record high, Jio reporting a 2% rise in average revenue per user (ARPU) and oil and gas business witnessing record high margin of 86%. Shares of HDFC Bank Ltd. remain the top contributors to the Nifty 50’s downside on Tuesday, declining another 2%. India’s largest private lender is contributing 56 points to the index downside on Tuesday.   The lender’s market capitalisation has also slipped below the mark of ₹11 lakh crore, compared to its peak of ₹12.97 lakh crore, which it had on December 29.With Tuesday’s drop, the stock has declined in four out of the last five trading sessions, during which it has seen a drop of 13% from closing levels of January 16. Shares of Medi Assist Healthcare Services listed on the bourses on Tuesday, January 23. The stock listed at a premium of 11% at ₹465 a share on the BSE, and went on to scale an intra-day high of ₹509.60. On the NSE, it listed at ₹460, a premium of 10% against an issue price of ₹418. Ahead of its debut, shares of Medi Assist were commanding a premium of ₹32-36 in the unlisted market. As per trends, the company’s shares were expected to list at a premium of 8%. The initial public offering (IPO) of Nova Agritech Limited (NATL) will open for subscription on Tuesday (January 23). The public offer was postponed by a day due to the market’s holiday on January 22 and would close on January 25. Ahead of the issue launch, the company’s shares are commanding a premium of ₹20 in the unlisted market.Nova Agritech has fixed its price band at ₹39-41 per share, with a lot size of 365 equity shares in one lot and its multiples thereafter.  

Published 24 Jan 2024 11:17 PM

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

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

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.

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

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.

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

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 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

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

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

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

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