The most acquisitive industrial company is about to get a lot of cash to spend as it sheds about $200 bn of assets under chief executive Immelt's plan to divest the bulk of GE Capital

Brooke Sutherland: GE's exit from finance means billions more for takeoverss

Bloomberg

New Delhi [India], December 23: Digii, a Bengaluru-based leading SaaS company offering a mission-critical operating system for higher education institutions, successfully concluded the second edition of its flagship event, the Digii100 Summit. Held on December 14th, 2024, at the India Habitat Center, New Delhi, the summit brought together over 250 education and technology leaders including many policymakers and thought leaders. It celebrated the top 100 higher institutions that are leading the way in digital transformation. 

Digii100 Summit Concludes 2nd Edition, Honoring Top 100 Higher Education Institutions Pioneering Digital Transformation

Bengaluru (Karnataka) [India], December 23: The 13th Convocation of Alliance University, Bengaluru, saw a total of 1,145 students receive UG and PG degrees and PhDs in multiple streams. The ceremony was graced by distinguished dignitaries. His Excellency Shri PS Sreedharan Pillai, Hon'ble Governor of Goa, was the Chief Guest at the ceremony. Guests of Honour included Shri Basavaraj Shivalingappa Horatti, Chairman of the Karnataka Legislative Council;Shri Priyank Mallikarjun Kharge, Minister for Rural Development  &amp;  Panchayat Raj, IT  &amp;  BT, Govt. of Karnataka; and Dr. G. Satheesh Reddy, Chairman, Aeronautical Development Agency. Chief Guest, PS Sreedharan Pillai, Governor of Goa, said, " Education is not just a pathway to a career but a foundation for a meaningful life."

Alliance University, Bengaluru, conducts 13th Convocation, 1145 students receive degrees

New Delhi [India], December 23: Two99, a consortium of forward-thinking agencies redefining marketing and technology, proudly announces the launch of GenShark Engine solutions tailored for Indian brands. GenShark Engine is a revolutionary approach designed to empower businesses to thrive in an era dominated by artificial intelligence, generative technologies, and shifting digital ecosystems.

Two99 Unveils GenShark Engine: Transforming Digital Success for Indian Brands with Generative Engine Optimization

Net incurred claims to net earned premium (claims ratio) of non-life insurance industry stood at 82.52 per cent during 2023-24 as against 82.95 per cent in the preceding fiscal year, as per the Irdai's annual report.
According to the Annual Report 2023-24 of the Insurance Regulatory and Development Authority of India (Irdai), during 2023-24, the non-life insurance industry underwrote a total direct premium of Rs 2.90 lakh crore in India registering a growth of 12.76 per cent from previous year.
The contribution of public sector general insurers increased 8.88 per cent from Rs 82,891 crore in 2022-23 to Rs 90,252 crore in 2023-24.
Private sector insurers, including standalone health insurers, have underwritten Rs 1.88 lakh crore as against Rs 1.58 lakh crore in 2022-23.
The aggregate profit of the non-life insurance sector was Rs 10,119 crore as against a net loss of Rs 2,566 crore in 2022-23.
During 2023-24, the aggregate net incurred claims saw a 15.39 per cent increase to Rs 1.7

The insurance sector is at a critical juncture. Despite impressive growth in premium income – from Rs 1 trillion in FY05 to more than Rs 6.7 trillion in FY24 – the sector has yet to fully realise its potential in terms of broader penetration and impr

Pollution in east, north and central Indian cities primarily comes from residential and transportation sectors, while in western India, industry and energy are the main contributors to local PM2.5 pollution, a study has found.
Published in the journal Modeling Earth Systems and Environment, the study also found that PM2.5 pollution in cities in south India majorly comes from the industry and residential sectors.
Researchers from the Indian Institute of Tropical Meteorology, Maharashtra, and the Indian Institute of Technology Roorkee, analysed pollution levels in 53 cities, having more than a million population during the winter of 2015-2016.
Residential emissions -- from burning biomass for cooking and heating -- were found to be the leading contributor to local PM2.5 pollution in Srinagar (68 per cent), Varanasi (37 per cent), Allahabad (34 per cent) and Kanpur (33 per cent).
The transportation sector's contribution to local PM2.5 pollution was found to be higher in north Indian .

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

NPCI

Markets Today LIVE: Indian benchmark equity indices were likely headed for a strong start, after lower-than-expected core inflation reading in the US boosted Wall Street shares there

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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

FinMin says some changes may take effect from April

CGST Act set to see key amendments in Budget session

Experts fear that Indian exporters might have to pay higher duties while exporting pharmaceuticals, textiles, chemicals, and engineering goods

In 2018, as the President of the United States, Donald Trump called India the “tariff king”, citing the high import duties (100 per cent at that time) on Harley Davidson bikes, but also saying the Indian government was ready to reduce it.

More variants of the e-scooter, targeting delivery executives, likely soon

Bajaj Chetak 35 series scooter launched in India

India has lodged a strong protest with Dhaka over certain controversial comments by key aide of Bangladesh's interim government Mahfuj Alam.
In a now-deleted Facebook post, Alam said India should recognise the uprising that forced the then Prime Minister Sheikh Hasina to resign.
"We have registered our strong protest on this issue with the Bangladesh side. We understand that the post being referred to has reportedly been taken down," external affairs ministry spokesperson Randhir Jaiswal said.
"We would like to remind all concerned to be mindful of their public comments," he said.
"While India has repeatedly signalled interest in fostering relations with the people and the interim government of Bangladesh, such comments underline the need for responsibility in public articulation," Jaiswal added.

Randhir Jaiswal

The Bihar government on Friday said it has attracted record investment proposals of nearly Rs 1.81 lakh crore across different sectors such as renewable energy, food processing and manufacturing from an array of corporates, including the Adani Group, Sun Petrochemicals, and others.
At the end of the two-day global investors' summit Bihar Business Connect 2024, Industries Secretary Bandana Preyashi said the Bihar government has signed MoUs for setting up 423 units with an investment of Rs 1,80,899 crore.
"We are overwhelmed with the response from corporates. It is beyond our expectations. We have received investment proposals of over Rs 1.8 lakh crore," she told reporters here.
Sun Petrochemicals and Adani Group were among an array of industrial houses that lined up a record Rs 1.8 lakh crore investments across sectors in Bihar, more than triple of Rs 50,300 crore the state received at its maiden investor meet last year.
Preyashi said Sun Petrochemicals will invest Rs 36,700 crore i

Bihar investor summit

A total of 2,200 cases of violence against Hindus and other minorities have been reported in Bangladesh this year till December 8, and India's expectation is Dhaka will take necessary measures to ensure their safety, the government said on Friday.
Minister of State for External Affairs Kirti Vardhan Singh gave the information in a written response to a query in Rajya Sabha, citing data from minority and human rights organisations.
In Pakistan, the number of cases of violence against Hindus and other minorities in Pakistan this year stood at "112 till October 2024," the MoS said.
The corresponding figures for 2022 were 47 in Bangladesh and 241 in Pakistan, while in 2023 the figures were 302 in Bangladesh and 103 in Pakistan, according to the data he shared.
The minister said the Indian government has urged "Pakistan to take steps to prevent religious intolerance, sectarian violence, systemic persecution and attacks on minority communities and ensure their safety, security, and ...

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Allu Arjun and Rashmika Mandhana-starrer Pushpa 2 box office collection is likely to cross the Rs 1000 crore mark on day 16 in India

Pushpa 2

Delhiites continued to breathe toxic air as the air quality on Friday remained in the severe category, with the 24-hour average Air Quality Index (AQI) of 429.
The predominant pollutant was PM2.5, the fine particulate matter that poses serious health risks, as they can penetrate deep into the lungs and enter the bloodstream.
Of the 36 monitoring stations across the city, 14 reported air quality in the 'Severe Plus' category, with AQI readings above 450.
The remaining stations recorded AQI levels in the 'Severe' range, between 401 and 450.
These levels signify a significant deterioration in air quality, which is considered life-threatening for vulnerable populations such as children, the elderly, and those with respiratory or heart conditions.
The maximum temperature on Friday was 23 degrees Celsius, slightly warmer than the usual for this time of year.
The day started with a cool, misty morning and high humidity, which fluctuated between 95 per cent and 71 per cent throughout the

Flagging delay in implementation of stricter measures for checking the alarming rise in pollution, the Supreme Court on Monday asked states adjoining the Delhi-National Capital Region (NCR) to immediately set up teams to enforce graded response actio

"This is a national tragedy, violating the spirit of the Good & Simple Tax the GST was meant to be," says former chief economic adviser Arvind Subramanian

popcorn

During the insolvency process, the resolution professional had admitted the claims of these four entities as lenders

Supreme Court, SC

Amid controversy over Home Minister Amit Shah's remarks on Ambedkar, Kejriwal launches Dr Ambedkar Samman Scholarship, pledging support for Dalit students pursuing studies abroad

Kejriwal, Arvind Kejriwal

RBI stated that while it has directed banks not to charge excessive rates of interest, it does not directly regulate the rates charged by banks