Both the Agrawal family and Temasek have signed a term sheet for a stake sale by the Agrawal family

Haldiram

Stock Market Highlights, January 8, 2025: The benchmark equity indices showed great resistance on Wednesday as the BSE Sensex reovered around 650 points from its day's low to settle at 78,141.06, down

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Optimism on revenue growth based on projected improvement in technology spending in CY25

IT industry, IT companies, IT sector, Jobs, IT jobs

Private sector Karur Vysya Bank has inaugurated two more branches, taking the overall branch network to 475 in Tamil Nadu, the bank said on Sunday.
The Tamil Nadu-based bank inaugurated two branches, one each in Chennai and the other at Tiruchirappalli.
According to a press release, during the current financial year, the company has added 28 new branches, taking the overall presence of the banking network to 866 across the country.
The new branches would provide basic banking transactions and would also address the specific needs of customers. It would also provide banking and financial services covering retail, institutional and consumer lending.
As on September 30, 2024, the bank's total business stood at Rs 1,76,138 crore with a deposit base of Rs 95,839 crore and advances at Rs 80,299 crore. In the last financial year, the bank recorded its highest net profit of Rs 1,605 crore, the release added.

Karur Vysya Bank

Two pilots and a crew member were killed on Sunday after an Indian Coast Guard helicopter on a routine sortie crashed at Porbandar airport runway in Gujarat and caught fire, officials said.
The maritime security agency said the reasons for the incident are being investigated through a Board of Inquiry.
"ICG ALH MK-III helicopter CG 859 met with a mishap at Porbandar Airport Runway at about 1215 hrs on 05 Jan 25. The ICG helicopter had 02 Pilots and 01 Air Crew Diver at the time of the incident and was on a routine training sortie," an ICG statement said.
Immediately after the incident, the crew was rescued and shifted to a government hospital at Porbandar, where they were declared as brought dead.
The deceased are Commandant (JG) Saurabh, Deputy Commandant SK Yadav and Navik Manoj Pradhan. They will be cremated as per service traditions and honour, the ICG stated.
Porbandar Superintendent of Police Bhagirathsinh Jadeja said the chopper crashed while landing near the Porbandar airp

Helicopter crash

Senior officials from the commerce ministry, and commercial wings of Indian Missions of 20 countries will hold a three-day meet, beginning here on Monday, to discuss ways to promote exports of goods and services, an official said.
Commerce and Industry Minister Piyush Goyal will also interact with these commercial representatives on January 6.
The issues, which would come up during the three-day celebration included opportunities and challenges and the way ahead in six focus sectors (of goods and services each) in 20 countries of significance; non-tariff barriers; logistics; WTO (World Trade Organisation) matters; and role and importance of MAI (market access initiative), the official said.
The commerce ministry is in the process of formulating a strategy to push exports of six key product categories, including engineering goods and electronics, to 20 focus countries, including the US, Australia, France, China, Russia, the UK, Japan, South Korea, Singapore, and Indonesia.
These ...

export

Challenging the decision of the Biden Administration to investigate the activities of Indian billionaire Gautam Adani and his companies, an influential Republican lawmaker on Tuesday said such selective actions risk damaging critical alliance partners.
In a strongly worded letter to US Attorney General Merrick B Garland, Congressman Lance Gooden, member of the House Judiciary Committee, demanded answers on the Justice Department's selective prosecution of foreign entities and the potential harm such actions pose to US's global alliances and economic growth and that if there is any Geroge Soros connection to it.
The Department of Justice's selective actions risk damaging critical alliances with key partners like India, one of America's strongest allies in the Asia-Pacific region, Gooden said in his letter dated January 7.
Instead of pursuing cases with tenuous jurisdiction and limited relevance to US interests, the DOJ should focus on punishing bad actors at home, rather than chasing

Gautam Adani, Adani

Battery swapping will only increase the cost for a consumer to run the vehicle, say e2W players

electric two wheeler

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

Prayagraj Maha Kumbh Place to Visit: Maha Kumbh 2025 will take place in Prayagraj. Immerse yourself in India's rich cultural and spiritual traditions by visiting these places there

Maha Kumbh, Prayagraj

In Aashiqui 3, B'wood actor Triptii Dimri was set to reunite with Kartik Aaryan, her co-star from Bhool Bhulaiyaa 3. But, it was revealed that Triptii was no longer involved with the film. Here's why

Triptii Dimri no longer a part of Aashiqui 3

Hyundai India has updated the variants with new features. Key upgrades include wireless chargers, electric sunroofs, and enhanced infotainment systems across the lineup

Hyundai Verna

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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