The writer is Deputy Secretary, Cabinet Secretariat, Government of India

Independence day 2020

The journey so far calls for a dispassionate performance evaluation, howsoever unsatisfactory or incomplete it may be, on account of one's limited knowledge, understanding and unavoidable prejudices

Manifesto of an insignificant Indian

Business Standard

banks, checklist

Lately, India's banking system has been beset by a bad debt crisis, which is crimping credit to productive sectors, dampening domestic investment and leading to subdued employment and GDP growth

Why this may be time to thoroughly redesign Indian banking system

Latest news updates: Catch the latest news developments here

Photo: ANI

Unlisted shares of Unimech Aerospace were trading at Rs 1,265 apiece, reflecting a grey market premium (GMP) of Rs 480 or 61.15 per cent against the upper end of the IPO price of Rs 785

ipo market listing share market



The Weekly Statistical Supplement released by the RBI showed that the primary contributor to this decline was the drop in Foreign Currency Assets (FCAs), which fell by $3 billion to $562.58 billion. 

Air India Express' inaugural four-hour flight from Surat in Gujarat to Thailand capital Bangkok saw good sales of liquor onboard, with some passengers claiming the stock ran out.
The flight, operated with a Boeing 737-8 aircraft on Friday, had 175 passengers and six crew members onboard. The passenger capacity of the plane is 176.
Liquor consumption is prohibited in Gujarat.
Officials of the budget airline on Sunday said there were brisk sales of alcohol on the flight from Surat to Bangkok and the stock was not exhausted, as claimed by some on social media.
Some passengers had taken to social media, saying the airline ran out of liquor.
There was sufficient stock of liquor as well as food onboard, the officials added.
There was no official statement from the Tata Group-owned Air India Express.
According to the officials, generally, a passenger is not served more than 100 ml of liquor during a flight.
The airline offers five types of liquor onboard.
A 50 ml of Chivas Regal is p

Air India Express aircraft (Photo: Reuters/Almaas Masood)

Air India Express

US President-elect Donald Trump on Sunday named Indian American entrepreneur, venture capitalist and author Sriram Krishnan as Senior White House Policy Advisor on Artificial Intelligence.
Sriram Krishnan will serve as the Senior Policy Advisor for Artificial Intelligence at the White House Office of Science and Technology Policy, Trump said on Sunday as he announced a number of appointments on artificial intelligence or AI.
Krishnan, who has previously led product teams at Microsoft, Twitter, Yahoo!, Facebook and Snap, will work along with David O. Sacks who will be the White House AI & Crypto Czar.
Working closely with David Sacks, Sriram will focus on ensuring continued American leadership in AI and help shape and coordinate AI policy across government, including working with the President's Council of Advisors on Science and Technology. Sriram started his career at Microsoft as a founding member of Windows Azure, Trump said.
Krishnan said, I'm honored to be able to serve our ..

Sriram Krishnan

In 2024, NPCI issued 20 third party application approvals. This was much higher than three and four issuances in 2022 and 2023 respectively

NPCI

Aegis Logistics has seen a strong spurt in price and volumes in the last trading session from the cluster of its significant EMAs on the daily chart

Market, BSE, NSE, NIfty, Stock Market, investment

After two weeks of buying, FPIs turned net sellers in Indian equities this week, with a net withdrawal of Rs 976 crore amid a strengthening US dollar and steady rise in US 10-year bond yields, impacting investor sentiment.
Foreign Portfolio Investors (FPIs) began the week on a positive note, investing Rs 3,126 crore in equities during the first two trading sessions (December 16-20).
However, the trend reversed in the latter half of the week, with FPIs offloading equities worth over Rs 4,102 crore in the subsequent three sessions. This resulted in an overall net outflow of Rs 976 crore during the week, data from National Securities Depository Limited showed.
Despite this short-term reversal, the broader December trend remains positive. FPIs have infused Rs 21,789 crore into Indian equities so far this month, reflecting continued confidence in India's economic growth potential and its resilient markets.
FPIs adopted a cautious approach due to the US Fed meeting and uncertainty about 

Foreign portfolio investor exodus: Financial sector bears the brunt, FPI

FinMin says some changes may take effect from April

CGST Act set to see key amendments in Budget session

Fundraising via IPOs in India hit another landmark as economic growth, favourable market conditions and improvements in the regulatory framework helped companies raise a record Rs 1.6 lakh crore in 2024, while the pipeline for the next year holds out bigger promise.
This exceptional year not only reflected the confidence of issuers but also highlighted investors' eagerness to seize listing-day gains or back companies with strong long-term growth potential.
The year was marked by Hyundai Motor India's historic IPO, the largest in the country's history, which raised Rs 27,870 crore.
Companies of varying market capitalisations -- large, mid, and small -- tapped into the IPO route in 2024, with the average issue size rising significantly from Rs 867 crore in 2023 to over Rs 1,700 crore in 2024.
The exceptional vibrancy of the IPO market was evident, with December alone seeing at least 15 launches.
"Rising retail participation, strong domestic inflows and active participation by FPIs (

RSS chief Mohan Bhagwat has expressed concern over resurgence of several temple-mosque disputes and said certain individuals, after the construction of Ayodhya Ram temple, seem to believe they can become leaders of Hindus by raking up such issues.
Delivering a lecture on India  The Vishwaguru', at Sahjeevan Vyakhyanmala (lecture series) here on Thursday, Bhagwat advocated for an inclusive society and said the world needs to be shown that the country can live together in harmony.
Highlighting the plurality of Indian society, the chief of Rashtriya Swayamsevak Sangh (RSS) said Christmas is celebrated in Ramakrishna Mission, adding only we can do this because we are Hindus.
We have been living in harmony for a long time. If we want to provide this harmony to the world, we need to create a model of it. After the construction of the Ram Mandir, some people think they can become leaders of Hindus by raking up similar issues in new places. This is not acceptable, he said.
The Ram temple w

Mohan Bhagwat, Mohan, RSS Sarsanghchalak

Vishal Mega Mart Ltd.'s trading debut Wednesday underscored this insatiable appetite for IPOs - shares of the retailer surged more than 40 per cent. The feeding frenzy is set to roll into 2025

Analysts identified 16 'oversold' stocks, each down over 20%, including Trent, IndiGo, Shriram Finance, and Havells, suggesting they present strong buying opportunities

Goldman Sachs

In the trial that started on Monday, Arm sought to portray Qualcomm's moves as a first-of-its-kind flouting of standard contractual terms the British company had used successfully

Qualcomm

In response to the threat, emergency response teams have been dispatched to the school and classes have been shifted to online mode

bomb threat

The I-T department probes Rs 7,500 crore spent on lavish weddings, targeting Jaipur planners and fake billing networks linked to foreign destination events and cash transactions

weddings, marriage

Congress calls FIR against Rahul Gandhi over Parliament scuffle a 'badge of honour', alleging BJP's vendetta and diversionary tactics to counter his protest against Amit Shah's Ambedkar remarks

Alok Tiwari

Alok Tiwari

Alok Tiwari

Manifesto of an insignificant Indian

Why this may be time to thoroughly redesign Indian banking system

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AI Express inaugural Surat-Bangkok flight records brisk liquor sales

Trump appoints Indian American Krishnan as senior policy advisor on AI

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Number of UPI apps grows in 2024, yet top two command maximum market share

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