HDFC Bank's LDR was around 87 per cent pre-merger. Following the merger, its LDR went up to 110 per cent

HDFC Bank

From FII selling to fears around HMPV virus, here's why the Indian markets crashed on Monday, January 7, 2025

bear market, stocks, sensex, nifty, loss, growth, crash, index

Markets Today Highlights: All sectoral indices ended in the red, with Nifty PSU Bank being the worst hit, ending down by 4 per cent, dragged by Union Bank of India, and Bank of Baroda

markets

Retirement fund body EPFO has completed the Centralized Pension Payments System (CPPS) rollout in all its regional offices across the country that will benefit over 68 lakh pensioners, the labour ministry said on Friday.
The CPPS is a paradigm shift from the existing pension disbursement system that is decentralised, with each zonal/regional office of EPFO maintaining separate agreements with only 3-4 banks, the ministry explained in a statement.
Under CPPS, a beneficiary will be able to withdraw pension from any bank and there will be no need for to visit the bank for verification at the time of commencement of pension, and the amount will be immediately credited upon release, it stated.
The CPPS system January 2025 onwards will also ensure disbursement of pension throughout India without any need for transfer of pension payment orders (PPO) from one office to another even when the pensioner moves from one location to another or changes his bank or branch, it said.
This will be a

EPFO

The Supreme Court on Friday called for an introspection by government authorities, including the National Highways Authority of India, over excessive delays in filing of appeals.
Chief Justice of India Sanjiv Khanna while hearing a plea by the NHAI said, "I think everyone is adhering to the time schedule in almost 95 per cent of the cases. Why should the government of India not be able to adhere to it? There is something wrong somewhere... Introspection is necessary."
The NHAI challenged an order by the National Company Law Appellate Tribunal (NCLAT) in an insolvency case which was listed before the bench, also comprising Justice Sanjay Kumar.
The NCLAT had dismissed the NHAI's appeal on account of the delay.
Expressing disapproval over the 295-day delay, the CJI emphasised on the importance of adhering to procedural timelines and observed solicitor general Tushar Mehta, representing the NHAI, had agreed with the court and assured addressing the issue.
"I undertake to speak to the

Supreme Court, SC

Arbitrage funds use a system-driven approach with algorithms to swiftly identify and execute arbitrage opportunities, ensuring efficiency and eliminating the need for manual intervention

mutual funds, investors

In smaller Indian cities and towns, where opportunities for advancement are few and dwindling, the nounis emerging as something of a social and cultural phenomenon

Phone, social media, mobile phones

The vaccines allowed Covid to be treated as an aberration, but we must not forget what it really was: A preview of the kind of planetary challenges that await us

India covid cases

The police said that Kangpokpi Superintendent of Police Manoj Prabhakar was injured in the attack

Manipur Security, Security

The Congress on Monday announced a 'Pyari Didi Yojana', promising a monthly financial assistance of Rs 2,500 to women if voted to power in Delhi.
The scheme would be rolled out on the lines of the model adopted by the Congress government in Karnataka.
Announcing the scheme, Karnataka Deputy Chief Minister DK Shivakumar said it aims to financially empower women, promising that it would be implemented at the first Cabinet meeting of the new government.
"Today, I have come here to launch the Pyari Didi Yojana. We are confident that a Congress government will be formed in Delhi, and on the first day of the new Cabinet, we will implement the scheme to provide Rs 2,500 to every woman in the capital," Shivakumar said.
Elections to the 70-member Delhi Assembly are due in February.
Delhi Congress chief Devender Yadav, the party's Delhi in-charge Qazi Nizamuddin, and other senior leaders were present during the announcement.

Rahul Gandhi, Rahul, Congress leader, Priyanka Gandhi, Priyanka

Bihar Chief Minister Nitish Kumar on Monday ruled out the possibility of quitting the NDA, pointing out that his ties with the BJP went back a long way.
The JD(U) supremo, who termed as a "mistake" his two short-lived alliances with the RJD-Congress combine, fondly recalled the backing he had always received from former prime minister Atal Bihari Vajpayee.
"It was respected Atal ji who made me a Union minister. He used to shower so much of affection on me. I never faced any difficulty in getting my proposals cleared, Kumar told reporters in Vaishali district, which he toured as part of the state-wide Pragati Yatra'.
The longest-serving chief minister of the state also recalled that it was Vajpayee's wish that "I become the CM" when the NDA first won assembly polls in Bihar in 2005.
"So, why would I not stay (with the BJP)? A couple of times the people in my party committed a mistake (by pressing for an alliance with the Congress-RJD combine). I rectified it both times, said the JD(

Nitish Kumar, Nitish

China is seeing a human metapneumovirus (HMPV) outbreak five years after the Covid-19 pandemic. The virus targets the respiratory system and is especially dangerous for vulnerable populations

HMPV

The rating agency's arm said that India's recent consumer price inflation at around 5 per cent was without clear evidence of a trend towards slowing price pressures

Most GCCs in India support critical business goals by using AI, data analytics, robotic process automation, and cloud services

India ranked third globally in terms of funding raised by fintech companies, behind the US and China, the report said

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Cong unveils 'Pyari Didi' scheme, promises Rs 2,500 a month to Delhi women

Nitish Kumar rules out quitting NDA, recalls ties with Ex-PM Vajpayee

HMPV cases in India: Everything we know about the tests, treatment so far

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HDFC Bank's LDR falls below 100% for the first time after merger

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