economic growth

It places special emphasis on education, employment generation and skill development recognising these as crucial components for sustainable economic growth and social welfare

Budget 2024: Right balance between economic growth and fiscal prudence

Business Standard

indian firms, economy

The government's focus on governance, development, and performance, along with bilateral trade agreements that promote FDI, will prioritise domestic development

Interim Budget: Focus on infrastructure growth sets stage for Viksit Bharat

Demonstration of seed germination in outer space, a robotic arm to catch a tethered debris there, and testing of green propulsion systems are some of the experiments planned on the POEM-4 -- the fourth stage of ISRO's PSLV rocket that remains in orbit after launching a satellite.
The PSLV-C60 mission, slated for an yearend launch, is scheduled to place the twin satellites 'Chaser and Target' to demonstrate the space docking technologies that are crucial for building India's space station.
The PSLV Orbital Experiment Module (POEM) will carry 24 experiments -- 14 from various ISRO labs and 10 from private universities and start-ups -- to demonstrate various technologies in space.
ISRO plans to grow eight cowpea seeds from seed germination and plant sustenance until the two-leaf stage in a closed-box environment with active thermal control as part of the Compact Research Module for Orbital Plant Studies (CROPS) developed by the Vikram Sarabhai Space Centre.
The Amity Plant Experimenta

ISRO

In an interview with Russian TV and radio outlet VGTRK, Putin said, "It is possible to do everything if there is desire. We have never abandoned this desire"

Putin, Russian President, Vladimir Putin

Pope Francis called for a ceasefire on all war fronts in his Sunday Angelus prayer ahead of Christmas, condemning the cruelty of bombing schools and hospitals in Ukraine and Gaza.
Let the weapons fall silent and let the Christmas carols ring out! Francis said, delivering his Sunday blessing from indoors due to a cold and as a precaution ahead of a busy Christmas period.
Let us pray that at Christmas there will be a ceasefire on all war fronts, in Ukraine, in the Holy Land, throughout the Middle East and throughout the world, the pope said.
Francis recalled, as he often does, the battered Ukraine that continues to be hit by attacks on cities, which sometimes damage schools, hospitals and churches.
He also expressed his pain thinking of Gaza, of such cruelty, to the machine-gunning of children, to the bombing of schools and hospitals ... How much cruelty!
Francis on Saturday also criticised Israel's actions in Gaza and said that his envoy had been unable to enter the territory becau

Pope Francis

Acknowledging the high number of ministers and the restrictions in assigning portfolios to each of them, Maharashtra Deputy CM Ajit Pawar said on Sunday that some members are obviously not happy.
A day after portfolios were allocated by Chief Minister Devendra Fadnavis, Pawar said the work on pending projects would begin soon.
The NCP chief led a road show in his constituency, Baramati, and attended felicitation programmes.
"As the number of ministers is high, Chief Minister Devendra Fadnavis had to give each minister a portfolio. Obviously, some are happy and some are not," Pawar said at an event.
He pointed out that the state Cabinet includes only six ministers of state, while the rest 36 are cabinet ministers.
Pawar, who retained the Finance ministry, said he would take charge of the office on Monday.
The Deputy CM further said the work on multiple projects had to be stopped temporarily after the model code of conduct kicked in for the November 20 Maharashtra assembly ...

Ajit Pawar, Ajit

Taneira will close FY25 with 85 stores and plans to open 15-20 stores every year to take the total count to 125 by FY27

Ambuj Narayan, chief executive officer at Taneira

The NDA will contest the assembly polls in Bihar next year under the leadership of Chief Minister Nitish Kumar and Prime Minister Narendra Modi, Deputy Chief Minister and BJP leader Samrat Choudhary said on Sunday.
"There is no confusion," he said during a press conference at the BJP headquarters when asked to comment on speculation that the National Democratic Alliance (NDA) could do a rethink on projecting Kumar as its leader in the polls.
He was responding to Union Home Minister Amit Shah's recent interview to a news channel in which he was asked if the NDA could go to the polls in Bihar without declaring a chief ministerial candidate, like it recently did with great success in Maharashtra.
Shah, a former BJP president who is still regarded as the party's principal strategist, had replied after a pause, "We will sit together and decide. We will let you know after we have made a decision."
The cryptic response had led to furious speculation that the BJP could insist on not ...

Modi, Narendra Modi, Nitish Kumar

GST Council addresses disaster levy, clarifies tax exemptions, and revises ITC norms, while deferring insurance premium GST cut and key rate rationalisation decisions

GST council meeting

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

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 (

ipo market listing share market

The accumulated losses of state public sector enterprises (PSEs) rose from Rs 3,953.70 crore in 2020-21 to Rs 4,778.70 crore in 2022-23, while the profit earned by 13 SPSEs stood at Rs 20.21 crore as on September 30, 2023, according to a report by the Comptroller and Auditor General (CAG) on finances tabled in the Assembly on Saturday.
The net worth of nine out of these 14 PSEs has been completely eroded by losses and their worth was (-) Rs 1,932 crore against an equity investment of Rs 2,085.59 crore, while three PSEs have outstanding government loans amounting Rs 3,132 crore, the report said.
Himachal Pradesh State Electricity Board topped the list of loss making enterprises with accumulated losses of Rs 1,809.61 crore, followed by Himachal Pradesh Road Corporation at Rs 1707.12 crore, HP Power Corporation at Rs 552 crore, Himachal Pradesh Power Transmission Corporation at Rs 395.91 crore, HP Financial Corporation at Rs 180.97 crore, State Forest Corporation at Rs 113.04 crore, HPM

The Centre may overshoot the Rs 56,260 crore target for dividend receipts from central public-sector enterprises (CPSEs) set for FY25 and is likely to end up getting around Rs 65,000 crore this financial year, according to a senior government officia

A 50-year-old doctor from Saudi Arabia, who has been living in Germany since 2006, is the prime suspect in the Christmas market attack in Magdeburg, which killed five people

Germany police

The Navy said Search and Rescue (SAR) efforts had continued through the night of December 18 - 19 in the vicinity of the accident. Two persons from the ferry are still reported to be missing

Mumbai ferry collision

Distributors will no longer benefit from higher commissions for switching existing investments to NFOs

SEBI

A LinkedIn India spokesperson confirmed the development in response to an email query by Business Standard

satya nadela

In 2024, the company expects its sales to remain at similar levels to those recorded in 2023

State-owned Oriental Insurance Company Ltd incurred a loss of Rs 194 crore during FY20 for failing to properly determine bidding rates for Pradhan Mantri Fasal Bima Yojna, said a CAG report.
According to report number 12 presented in Parliament earlier this week, Oriental Insurance Company Ltd determined the bidding rates for Pradhan Mantri Fasal Bima Yojna in 2019-20 by applying pricing components uniformly without specific determination as per the terms and conditions of the Agriculture Quota Share Reinsurance treaty with General Insurance Corporation of India, being Re-insurer.
"This led to imposition of Loss Corridor clause of the treaty by GIC and consequent loss of Rs 194.08 crore," it said.
Imprudent underwriting of Group Janta Personal Accident Policy of the Maharashtra state government by the public sector general insurance company without reinsurance cover and in violation of guidelines of Insurance Regulatory and Development Authority of India (IRDAI) in 2018-19 led to a 

Oriental insurance

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

Rahul Gandhi, Rahul, congress leader

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

The latest Economic Survey said, India has to find the right balance between importing goods from China and importing capital (FDI) from China

How policymakers are split over attracting Chinese investment into India

The Banning of Unregulated Lending Activities Bill calls for the CBI to handle probes in cases spanning multiple states or UTs

The Centre, in collaboration with states, has proposed to classify unregulated lending as a cognizable and non-bailable offence, with penalties including imprisonment of up to 10 years. The finance ministry has invited feedback by February 13 from st

Yezdi Nagporewalla

Yezdi Nagporewalla

Yezdi Nagporewalla

Budget 2024: Right balance between economic growth and fiscal prudence

Interim Budget: Focus on infrastructure growth sets stage for Viksit Bharat

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ISRO's POEM-4 to test seed germination, debris capture, green fuel in space

Russia never abandoned desire to normalise ties with US, says Putin

Pope Francis calls for ceasefire on all fronts in prayer ahead of Christmas

Obviously, some are unhappy: Ajit Pawar on Maharashtra portfolio allocation

Titan's Taneira looks to expand market share with focus on metro cities

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55th GST Council takes key decisions, defers rate cuts on insurance premium

FPIs pull out Rs 976 crore from Indian equities amid rising dollar

IPO boom: Record Rs 1.6 trn raised in 2024; bigger gains expected in 2025

Losses of Himachal's 30 PSEs rose from Rs 3,953 cr to Rs 4,778 cr: CAG

Who is the Saudi-born suspect behind Germany Christmas market attack?