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.    

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.    

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).    

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.    

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.  

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.  

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.   

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.  

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.   

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

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

Süd-Chemie India Pvt. Ltd.

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

GSP Crop Science Pvt. Ltd.

Carl Zeiss India's Medical Technology Division recently participated in Phaco Festival organized by Nethradhama Super Speciality Eye Hospital, Bengaluru, a world-class facility focused primarily on quality eye care with state-of-the-art technology and highly skilled doctors. The two-day conference, renowned for highlighting cutting-edge advancement of technologies used by ophthalmologists, took place on 13th and 14th January 2024, in Bengaluru. The conference was attended by distinguished national and international faculty who shared their invaluable insights, encompassed Masterclasses, 3-D Live Surgeries, and Skill Transfer Courses among others. At the Phaco Festival, the spotlight shined on ZEISS's transformative impact on the Cataract and Corneal Refractive Workflows. ZEISS technology redefines the diagnosis and treatment of cataracts, offering a comprehensive and integrated approach to surgery. By merging state-of-the-art imaging, diagnostics, and surgical technologies, ZEISS aids ophthalmic surgeons in enhancing efficiency and clinical outcomes for cataract procedures. At the Phaco Festival, the spotlight shined on ZEISS's transformative impact on the Cataract and Corneal Refractive Workflows. ZEISS technology redefines the diagnosis and treatment of cataracts, offering a comprehensive and integrated approach to surgery. By merging state-of-the-art imaging, diagnostics, and surgical technologies, ZEISS aids ophthalmic surgeons in enhancing efficiency and clinical outcomes for cataract procedures.Dr. Sri Ganesh, MD, Chairman of Nethradhama Super Specialty Eye Hospital, Bangalore, expressed his confidence in ZEISS Medical Technology: "The ZEISS Cataract Workflow is integral to my practice, seamlessly integrating diagnostics and therapeutics, providing peace of mind. It minimizes stress for clinicians and surgeons, enhancing efficiency with reduced time and transcription errors. Ultimately, it ensures optimal efficiency, safety, and improved patient outcomes, allowing for the accommodation of more patients in a day."    

GSP Crop Science Pvt. Ltd.

India, a nation with a burgeoning population of nearly 1.4 billion, faces the monumental task of feeding millions every day. The critical importance of food security cannot be overstated. At the core of this battle lies the indispensable need for crop protection against relentless pests capable of wreaking havoc on agricultural produce. Enter GSP Crop Science Pvt. Ltd., a leader in the agrochemical industry, standing as a stalwart defender against this agricultural peril. Headquartered in Ahmedabad, the organisation emerges as a leader in developing and selling agrochemicals nationwide, aligning with Atmanirbharta and Make in India policies. Unlike the past reliance on costly imports, the company not only fulfils domestic needs but also exports to the global market.GSP envisions transforming agriculture by offering innovative products at regional prices and prioritising indigenous manufacturing. This vision targets small land-holding farmers, addressing their challenges in affording expensive multinational corporation (MNC) products. Given India’s 40 to 60 crore individuals directly tied to farming, especially small-scale farmers, affordability is paramount. Their core mission revolves around providing high-quality products at competitive prices, anticipating farmer needs ahead of the government’s ARKB mission.Company's authorized capital stands at Rs 5000.0 lakhs and has 58.960056% paid-up capital which is Rs 2948.0 lakhs. GSP Crop Science Private Limited last annual general meet (AGM) happened on 28 Sep, 2017. The company last updated its financials on 31 Mar, 2017 as per Ministry of Corporate Affairs (MCA).GSP Crop Science Private Limited is majorly in Manufacturing (Metals & Chemicals, and products thereof) business from last 38 years and currently, company operations are active. Current board members & directors are KENAL VRAJMOHAN SHAH, VRAJMOHAN RAMANLAL SHAH, BHAVESH VRAJMOHAN SHAH and AJIT SINGH GUJRAL. Company is registered in Ahmedabad (Gujarat) Registrar Office.GSP Crop Science Private Limited registered address is 404, LALITA COMPLEX, 352/3, RASALA ROAD, NR JAIN TEMPLE, NAVRANGPURA AHMEDABAD GJ 380009 IN.GSP Crop Science Private Limited is a Non-govt company, incorporated on 12 Feb, 1985. It's a private unlisted company and is classified as'company limited by shares'.    

Rahul vs Himanta in Assam: CM alleges Gandhi of ‘Naxalite tactics’; Congress MP says BJP actions helping Yatra. 5 points

Rahul vs Himanta in Assam: From facing restrictions in the state capital to being stopped from entering the temple, Rahul Gandhi's Bharat Jodo Nyay Yatra is vehement opposition in Assam. Meanwhile, the Wayanad MP continued to lash out at the Assam CM Himanta Biswa Sarma and the BJP at public addresses during the foot march. Recently, Rahul Gandhi reiterated that the Assam government is one of the most corrupt state governments in the country, and said that BJP's attempts to thwart Bharat Jodo Yatra are helping the foot march to gain publicity. His comments have come after the Assam CM asked the DGP to register a case against the Congress leader for "provoking the crowd" to break barricades in the state. Earlier in the day, the Rahul Gandhi-led Bharat Jodo Nyay Yatra was stopped from entering Guwahati on Tuesday, triggering protests from Congress workers who broke barricades and raised slogans. Amid the high-voltage drama unfolding in Assam due to the Bharat Jodo Nyay Yatra, here are all the updates on the Rahul Gandhi-led foot march. Whatever the Assam CM is doing against the Yatra, it benefits the Yatra. The publicity that we might have not got, by doing this the Assam CM & Union Home Minister Amit Shah are helping us.   Now, the main issue in Assam is the Yatra. It is their intimidation tactics, our message of Nyay is reaching the people," said Rahul Gandhi on Tuesday while commenting on the restrictions imposed on his foot march in Assam. Touching important issues like unemployment, corruption, and inflation in Assam, Congress leader Rahul Gandhi called CM Himanta Biswa Sarma one of the most corrupt chief ministers in the country.Earlier in the day, Assam CM instructed the Director General of Police (DGP) to file a case against former Congress chief Rahul Gandhi for "provoking the crowd" to break barricades, and called their actions "Naxalite tactics". Earlier in the day, Rahul Gandhi-led Bharat Jodo Nyay Yatra was stopped from entering Guwahati. Heavy police force and barricades were placed in the main areas of the city. The restriction triggered massive protests from Congress workers who broke barricades and raised slogans. “We have broken barricades, but will not break the law," said Rahul Gandhi while addressing his party supporters on the outskirts of the city. A student interaction with Rahul Gandhi at the University of Science and Technology, Meghalaya, (USTM) located in Meghalaya's Ri Bhoi district, bordering Assam, was stopped on the instructions of Union Home Minister Amit Shah, claimed the Congress leader. 

India’s Republic Day invite to Afghanistan Taliban envoy Badruddin Haqqani is ‘routine’: Report

The Indian Embassy in the UAE has invited Taliban envoy Badruddin Haqqani for Republic Day celebrations. He represents Afghanistan in Abu Dhabi. This gesture sparked significant debate. Critics argue that it indicates India's acceptance of the Taliban. However, Indian officials label it as a standard diplomatic procedure, as per The Hindu.Badruddin Haqqani, previously associated with the Haqqani network, is a contentious figure. This network orchestrated attacks on Indian missions in Afghanistan. The most notable was the 2008 Kabul Embassy bombing. It claimed 58 lives, including Indian diplomats and security personnel. The invitation for “His Excellency Badruddin Haqqani" has caused a stir in diplomatic circles.  Afghanistan's Ambassador to Sri Lanka, Ashraf Haidari, expressed disappointment. “This is utterly against Afghans’ basic expectation of India as an emerging democratic power to protect and defend Afghans’ human rights and to support their growing resistance against the same terrorists who bombed the Indian Embassy in Kabul and killed and wounded many Indian citizens," The Hindu quoted Haidari as saying.Afghanistan's Ambassador to Sri Lanka, Ashraf Haidari, expressed disappointment. “This is utterly against Afghans’ basic expectation of India as an emerging democratic power to protect and defend Afghans’ human rights and to support their growing resistance against the same terrorists who bombed the Indian Embassy in Kabul and killed and wounded many Indian citizens," The Hindu quoted Haidari as saying. Globally, no country officially recognises the Taliban regime. However, several nations, including Russia, China and Central Asian states, have accredited Taliban representatives. In December 2023, China even accepted a Taliban-appointed ambassador, a first among nations. The Taliban's appointment of Badruddin Haqqani as envoy was seen as a significant development by their Acting Foreign Ministry. This appointment indicates expectations of strengthened ties between the UAE and the Taliban. The UAE recognised the Taliban during its initial rule from 1996 to 2001. While India has not officially reacted, The Hindu cited official sources to report that it was a “routine" invitation. The invite was extended to all diplomatic missions in the UAE, barring Pakistan, as per the sources. Sources have also revealed to the publication that the Afghan Embassy in Abu Dhabi still displays the Republic's tricolour. This contrasts with the Taliban's black and white flag. The Indian Embassy in New Delhi, reopened by Afghan Consuls linked with the Taliban, also retains the flag of the “Islamic Republic of Afghanistan", the publication added.  

Modi shifts political agenda, failed to protect borders from China: Tharoor

Congress Working Committee member and MP Shashi Tharoor on Sunday accused Prime Minister Narendra Modi of shifting the political agenda every election year and alleged that the BJP-government at the Centre was unable to protect the nation's borders from Chinese encroachment.The hard hitting accusations from the MP from Thiruvananthapuram came on the eve of the Ram Temple consecration ceremony at Ayodhya on Monday. Tharoor said that Modi contested and won in the 2014 Lok Sabha polls in the name of development and in 2019 in the name of national security by ordering surgical strikes on Pakistan.But now he cannot talk of development, following the problems caused to the public due to demonetisation nor can he raise the issue of national security as the government was unable to take back territory occupied by China, Tharoor claimed."So this time round, the only thing they have is their original cause -- Hindu Hriday Samrat. There is no doubt that would be their propaganda," he said. He further contended that the BJP's agenda was always politics."On January 22 the PM will officiate the ceremony at Ayodhya, then in February he will inaugurate a temple in Abu Dhabi and then elections will be announced. That is what I believe and I have said so earlier too," he told reporters.Tharoor said that the Congress plans to point out to the people the problems they are facing daily like scarcity of jobs, price rise and will ask them whether they have benefitted from the development claimed by the Central government. On being asked by reporters about the Congress leadership declining the invite to attend the consecration ceremony at Ayodhya, Tharoor said that the party felt it was a political programme.The MP from Thiruvananthapuram said that the party has always shown respect for religious beliefs of every individual."Each of us have our own religious beliefs and act accordingly. As a party, the stand is very clear. The Prime Minister is officiating what has become a very political exercise and we do not believe that is a good thing," he said.Asked whether he plans to offer prayers at a temple tomorrow on the occasion of the Ram Temple consecration ceremony, Tharoor said, "I go to the temple to pray and not to play politics." He said people's faith and religious beliefs were a personal issue and he does not find fault with that. The Congress MP also found fault with the Central government closing the All India Institute of Medical Sciences (AIIMS) in Delhi on January 22 till 2.30 pm saying it would affect the large number of patients always waiting outside it for getting admitted or those requiring urgent medical aid."The government should withdraw the order. No hospital should be closed down. If people want to pray or watch the event on TV, that option is always available to them," he said.Meanwhile, AIIMS in Delhi has decided to remain open on Monday, reversing its earlier decision to shut OPD services till 2:30 pm on the occasion of the consecration ceremony at the Ayodhya Ram temple.The Ram temple complex, built in the traditional Nagara style, will be 380 feet in length (east-west direction), 250 feet in width and 161 feet in height.  

Ayodhya Ram Mandir Inauguration Live Updates: Ram Temple lit up on eve of Pran Pratishtha; Aarti performed at Saryu Ghat

Ayodhya Ram Mandir Inauguration Live Updates: Prime Minister Narendra Modi on Sunday reached Dhanushkodi. He visited Arichalmunai, which is said to be the place from where the Ram Setu was built. The PM also performed pooja at Sri Kothandarama Swamy temple. 'Kothandarama' means Rama with the bow. According to popular belief, it was at this place that Ravana's brother Vibhishana first met Lord Ram and sought refuge. According to legends and ancient scriptures, this is also the place where Lord Ram conducted the coronation of Vibhishana. The PM will later wind up his 3-day tour of Tamil Nadu, during which he inaugurated the Khelo India Games 2023 in Chennai on Friday. On Saturday, he visited the Sri Ranganathaswamy and Arulmigu Ramanathaswamy temples in Srirangam and Rameswaram, respectively. Stay with TOI for all live updates. On the eve of pranpratishtha ceremony of Ayodhya Ram Temple, the words 'Jai Sri Ram' illuminates a parade ground in Dehradun. Jewellers come up with new collections to commemorate Ram temple consecrationSeveral jewellery retailers have joined the bandwagon of the Ram Temple consecration, unveiling new collections with temple-style motifs and imagery of Lord Ram.Senco Gold & Diamonds has launched its 'SiyaRam' collection, while Kalyan Jewellers introduced 'Nimah', a heritage jewellery line-up, company officials said. "The atmosphere of devotion to Lord Ram is palpable everywhere in anticipation of the Ram Mandir inauguration,” said Suvankar Sen, MD & CEO of Senco Gold & Diamonds.TTD chairman hands over laddus to Ram temple representative in AyodhyaTirumala Tirupati Devasthanams (TTD) chairman B Karunakara Reddy, who is currently in Ayodhya to participate in the consecration of the Lord Ram temple, handed over laddus from the temple body to a representative of the Ram Mandir Trust on Sunday.The TTD, the official custodian of Sri Venkateswara temple in Tirupati, agreed to supply one lakh laddus for the Ayodhya Ram temple's consecration on Monday.Weighing 25 grams each, the laddus are meant for distribution among visitors during the consecration. They were dispatched in 350 boxes on a cargo plane to Ayodhya from Tirupati Airport recently.Union finance minister Nirmala Sitharaman reacted strongly on Sunday to a report in a Tamil newspaper that the Tamil Nadu government had banned special poojas in temples in the state managed by the Hindu Religious & Charitable Endowments department during the consecration of the Ram temple in Ayodhya on Monday. HR and CE minister P K Sekar Babu, who is attending the DMK youth conference in Salem, told TOI, “There is no such action.”Actors Kangana Ranaut, Shefali Shah, Pawan Kalyan, and Randeep Hooda were among the Indian cinema personalities who arrived in Ayodhya ahead of the grand Ram temple consecration ceremony.Veteran star Rajinikanth and music composer Shankar Mahadevan, who are also part of the event's guest list, were spotted at the Lucknow airport on Sunday as they left for the temple town. While about 8,000 people are in the long list of invitees for Monday's ceremony, the select list features 506 A-listers, including prominent politicians, leading industrialists, top film stars, sportspersons, diplomats, judges and high priests.Indian community in Taiwan celebrates the pranpratishtha of Ram temple in Ayodhya that will be held tomorrow, 22nd January 2024. Two events were organized on the eve of the occasion - one by the Indian diaspora in Taiwan and another by Isckon Taiwan.Actor Randeep Hooda along with his wife Lin Laishram arrives at the Lucknow airport to attend the Ram temple 'Pran Pratishtha' ceremony in Ayodhya tomorrowHe says, "We are very excited and looking forward to being present there and getting the blessings of Lord Ram. It is not just a religious event, it is also a cultural and heritage event..."Two Arogya Maitri Disaster Management Cube-BHISHM, revolutionary mobile hospitals equipped with cutting-edge technology, have been deployed in Ayodhya to bolster medical readiness and response capabilities during the upcoming 'Pran Pratishtha' ceremony. This cube is a part of the broader initiative named “Project BHISHM” – Bharat Health Initiative for Sahyog, Hita and Maitri, is tailored to treat up to 200 casualties, emphasizing rapid response and comprehensive care. The Aid Cube is equipped with several innovative tools designed to enhance disaster response and medical support during emergencies. It integrates Artificial Intelligence (AI) and data analytics to facilitate effective coordination, real-time monitoring, and efficient management of medical services in the field: Ministry of Information & Broadcasting.    

Today in Politics: PM Modi to inaugurate Boeing campus in Bengaluru, caste census to begin in Andhra Pradesh

Plus, Andhra CM Jagan Mohan Reddy will unveil a 125-foot Ambedkar statue in Vijayawada, and Karnataka Congress’s Lok Sabha election committee to meet in Bengaluru.Prime Minister Narendra Modi is all set for a whirlwind tour of three states on Friday. Making his second visit to Maharashtra in as many weeks, the PM will inaugurate and lay the foundation stone of multiple development projects in Solapur around 10.45 am. In this week’s State Watch column, Shubhangi Khapre attempts to decipher the political signals from the PM’s Maharashtra focus. The PM will then travel to Bengaluru, where at around 2.45 am he will inaugurate a new state-of-the-art Boeing India Engineering and Technology Centre (BIETC) campus. According to the Prime Minister’s Office (PMO), the 43-acre campus has been built for Rs. 1,600 crore and is Boeing’s largest such investment outside the US. Modi will also launch the Boeing Sukanya Programme that aims to support the entry of more girl children into the country’s growing aviation sector. The programme will create STEM Labs at 150 planned locations to help spark interest in STEM careers, according to the PMO. The government said at the time that it had committed to allocating Rs 15,000 crore annually for the welfare of the backward classes and would be able to direct resources to communities that need them the most if the population of each backward class group was known. In context: Last April, Jagan Mohan Reddy forwarded to the Central government an Assembly resolution asking it to simultaneously conduct caste census and population census but learnt that it would not happen anytime soon. The state government then decided to go ahead with the BC caste census to comprehensively enumerate backward classes region-wise, profession-wise, and under other parameters such as socio-economic status. Meanwhile, on Friday evening Jagan Reddy will unveil a 125-foot statue of Dr B R Ambedkar in Vijayawada. The statue, constructed for an estimated Rs 404 crore, stands on an 81-foot pedestal, making it a 206-foot monument. At a time when some of the major players in the INDIA alliance of Opposition parties are pushing for a nationwide caste census in an attempt to find an ideological counter-narrative to the BJP’s Hindutva politics, the Andhra Pradesh government led by YSR Congress Party (YSRCP) of Y S Jagan Mohan Reddy is all set to begin a comprehensive caste census on Friday to enumerate all castes in the state.Initially, the scope of the exercise was limited to enumerating the 139 Backward Class (BC) communities but now it has been expanded to cover all castes in the state. To conduct the exercise, the government will extensively deploy the village secretariat system along with the volunteer system. The PM will then travel to Bengaluru, where at around 2.45 am he will inaugurate a new state-of-the-art Boeing India Engineering and Technology Centre (BIETC) campus. According to the Prime Minister’s Office (PMO), the 43-acre campus has been built for Rs. 1,600 crore and is Boeing’s largest such investment outside the US. Modi will also launch the Boeing Sukanya Programme that aims to support the entry of more girl children into the country’s growing aviation sector. The programme will create STEM Labs at 150 planned locations to help spark interest in STEM careers, according to the PMO. Deputy CM and state Congress president D K Shivakumar has said former BJP leaders Jagadish Shettar and Laxman Savadi who joined the party from the BJP before last year’s Assembly elections have also been invited to the meeting. Ministers in charge of districts have collected opinions from the areas under their jurisdiction and all that will be discussed at the meeting, according to Shivakumar.