Rajnish Kumar, Chairman, State Bank of India

Rajnish Kumar

The finance companies, including housing finance entities, have to rely on wholesale fund-raising from the market or borrowings from banks, both of which are relatively costly

Effects of HDFC-HDFC Bank merger go beyond banking: Rajnish Kumar

Business Standard

Jubilant FoodWorks in its filing also said that the parent will acquire stakes through its entity Jubilant Beverages Limited

Stock Market, Market, Crash, Funds, up, Stock, Lost, decline, statistic, Crisis, Capital, BSE, NSE

Lithium-ion battery recycling and refurbishing firm LICO Materials on Friday announced the inauguration of a battery recycling facility in Bengaluru and said it will invest Rs 250 crore in its downstream hydrometallurgy plant in next two-three years.
The 4 GWh per annum in-feed capacity plant in Bengaluru will address the challenges of securing a stable supply of critical materials and contribute to India's ambition of achieving 30 per cent electric vehicle (EV) adoption by 2030, LICO said.
The company said it aims to scale up capacity at the facility to 10 GWh in the next 3-4 years.
With India's EV industry expected to grow by 250 per cent and energy storage sector to reach 42GW by 2032, recycling of used batteries will play a crucial role in recovering critical minerals to support the battery circular economy, according to the company.
"The new facility marks a significant milestone in our journey to redefine lithium-ion battery recycling and repurposing in India. As we scale up 

lico materials Inauguration

The stock had soared 544 per cent or over 6-fold to a high of Rs 1,179 in July 2024 after a breakout above the super trend line on the monthly scale in January 2021, shows chart.

Stock Market, Market, Crash, Lost, decline, statistic, Crisis, Capital, BSE, NSE

Chief Minister N Chandrababu Naidu on Friday unveiled the "Swarna Andhra-2047" vision document, aimed at achieving a 'wealthy, healthy and happy' Andhra Pradesh.
The chief minister announced it during a public meeting at the Indira Gandhi Municipal Stadium here, which encompasses 10 principles (padi sutralu) and one vision to accomplish a golden future for the southern state.
Zero poverty, employment, skilling and human resources development, water security, farmer-agri tech and best global logistics were some of the 10 principles.
Others include cost optimisation of energy and fuel, product perfection, swachh (clean) Andhra and incorporating deep tech in all walks of life.
During the recent second district collectors conference at the Secretariat in Amaravati, Naidu stressed that the TDP-led NDA government's governance will be based on the Swarna Andhra-2047 vision at state, district, mandal and panchayat levels.
Naidu introduced the SwarnaAndhra@2047 vision document during the .

Chandrababu Naidu, Andhra CM

Russia on Friday launched a massive aerial attack against Ukraine, involving dozens of cruise missiles and drones, the latest such strike aimed at crippling the country's electricity system.
The Russian military targeted the Ukrainian power grid, energy minister Herman Halushchenko wrote on his Facebook page. The enemy continues its terror, he said.
Halushchenko said energy workers do everything necessary to minimize negative consequences for the energy system, promising to release more details on damages once the security situation allows it.
Ukraine's air force reported multiple strike drones launched at Ukraine overnight followed by swarms of cruise missiles in the country's air space. It said Russia also used air-launched ballistic Kinzhal missiles against Ukraine's western regions.
Friday's attack is the latest in a series of such raids that has heightened fears that the Kremlin aims to destroy the country's power generation capacity as the winter sets in.
Since launching its

Russia Ukraine conflict, Russia Ukraine

Markets LIVE Updates: Benchmark Indian equity indices BSE Sensex and Nifty 50 were trading higher on Friday, after recouping the losses from the day's lows

Dalal Street, Stock Market, Market, Crash, Funds, up, Stock, Gain, Lost, decline, statistic, Crisis, Capital, BSE, NSE

At just 18 years old, Gukesh's triumph marks a historic milestone in chess, making him the youngest player to ever claim the World Chess Championship title.

D Gukesh, Gukesh

Stock market crash: The Indian stock market crashed heavily on Friday, with the BSE's Sensex dropping 1,207 points or 1.48 per cent to its intraday low of 80,082

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

Latest news updates: Catch all the latest news updates from around the world here

Allu Arjun

Stocks to watch, Dec 13: From RIL to HDFC Bank, here is a list of stocks that will be in focus today

market, stocks, stock market trading, stock market

The Winter Session of the Lok Sabha and the Rajya Sabha was adjourned for the day after unruly scenes broke out during the proceedings.

Priyanka Gandhi, Priyanka

S&P Global Ratings on Tuesday said the Indian economy is set for "resilient growth" in 2025 and projected inflation pressure to recede which will lead to "modest" easing of the monetary policy by the RBI.
In its India outlook for 2025, S&P also retained India's growth forecast for current fiscal at 6.8 per cent, followed by 6.9 per cent growth in 2025-26.
"The Indian economy is set for resilient growth in 2025 on the back of strong urban consumption, steady service sector growth and ongoing investment in infrastructure," Vishrut Rana, Economist at S&P Global Ratings, said.
We expect the central bank to ease monetary policy modestly during 2025 as inflationary pressures recede, Rana said.
Last week, RBI retained benchmark interest rates at 6.5 per cent to control inflation but cut the cash reserve ratio (CRR) by 50 basis points to infuse liquidity into the system.
India's economy grew 8.2 per cent in 2023-24.
It said the GDP growth print for fiscal Q2 (June-September 2024) .

Indian economy, Economy

Dr Morepen on Tuesday forayed into the growing wellness segment with the launch of a weight management initiative.
The company, a fully-owned subsidiary of Morepen Laboratories, is looking to establish itself in the segment which is currently valued at around Rs 12,000 crore and growing at an annual rate of 16 per cent.
The company has launched its wellness product -- LightLife -- designed to tackle India's growing obesity crisis.
India's obesity rate is increasing and this segment is expected to touch USD 52.3 billion by 2032, "reflecting the urgency to address weight management with solutions that are both safe and effective," Dr Morepen CEO Varun Suri said.
With LightLife the company is looking to address the obesity issue without crash diets or harmful fads, he stated.
According to the World Obesity Atlas 2024, over 25 per cent of Indian adults are projected to face obesity by 2035.
Suri said the company's initiative is about promoting a healthy balanced lifestyle through ...

Obesity

US President-elect Donald Trump mocked Canadian Prime Minister Justin Trudeau, calling him the 'governor of the great state of Canada' amid rising tensions over proposed tariffs and trade disputes

Justin Trudeau, Donald Trump

Deployments exceeding Rs 100 crore include companies like BlueStone, Upstox, Moneyview, Ather, among others

Stride Ventures

Highlighting the historical presence of Hindus in Bangladesh, stating, "We are vanished from Afghanistan. We are vanished from Pakistan. This is the high time. If we are not saved now, we will be

Protest, Delhi Protest, Bangladesh Protest, Hindu Protest

Despite the growth slowdown, a rate cut-cycle is unlikely to start anytime soon

Policy

The Massachusetts Institute of Technology alleges that the essay, titled 'On Pacifism', could be interpreted as encouraging violent protests on campus

MIT University

In the absence of meaningful private investment and job creation, India is slipping back into its pre-Covid-19 rut, and its economic czars are once again publicly refusing to acknowledge the slowdown

Gold

Sitharaman said that intergenerational debt is mounting on countries, and it is important for the government and industry to work together to manage debt at the national and sub-national levels

Rajnish Kumar

Rajnish Kumar

Rajnish Kumar

Effects of HDFC-HDFC Bank merger go beyond banking: Rajnish Kumar

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Jubilant FoodWorks up 3% on clarification of parent's acquisition in HCCH

LICO Materials opens 'zero-liquid-discharge' battery recycling facility

Tata Motors 3-year bull-run under threat as stock tumbles 36% in 5 months

Swarna Andhra-2047: CM unveils vision for 'wealthy, healthy, happy' state

Russia targets Ukrainian infra with massive attack of missiles, drones

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Stock Market LIVE: Sensex climbs 1,800 pts from day's low to 81,900; FMCG, Financials, IT lead

World Chess C'ship: 18-year-old Gukesh becomes youngest world champion

Sensex plunges 1200pts, Nifty below 24200; Why stock markets crashed today?

LIVE news: Allu Arjun arrested over stampede at Pushpa 2 screening in Hyderabad

Stocks to watch, Dec 13: RIL, HDFC Bank, JK Tyre, Zomato, TCS, NBCC, L&T