Page 133 - Latest News
ITD Cementation bags Rs 1,648 cr contract for construction at Vadhvan Port
Renew Exim DMCC, Adani Group's Dubai-based entity in October had entered into an agreement to acquire a 46.64 per cent stake in ITD Cementation in October 2024
 "ITD Cementation bags Rs 1,648 cr contract for construction at Vadhvan Port")
Oil prices set for second annual loss in a row, stable day on day
Brent crude futures rose by 42 cents, or 0.6 per cent, to $74.41 a barrel as of 1430 GMT. US West Texas Intermediate crude gained 38 cents, or 0.5 per cent, to $71.37 a barrel
 "Oil prices set for second annual loss in a row, stable day on day")
CCI allows IFC, ADB, DEC to acquire stake in Fourth Partner Energy
Fourth Partner Energy Ltd (FEPL) is India's leading renewable energy company focusing on building and financing renewable energy projects
 "CCI allows IFC, ADB, DEC to acquire stake in Fourth Partner Energy")
India's goods, services exports likely to cross $800 bn in 2024: GTRI
This year, the report estimated that in 2024, merchandise exports are expected to reach $ 441.5 billion, showing a modest 2.34 per cent increase over $ 431.4 billion in the previous year
 "India's goods, services exports likely to cross $800 bn in 2024: GTRI")
Sebi announces launch of MF Lite framework to boost passive fund schemes
The framework is designed to encourage new entrants, promote innovation, and foster investment diversification in the mutual fund industry
 "Sebi announces launch of MF Lite framework to boost passive fund schemes")
Sebi issues clarification on cybersecurity norms for regulated entities
The clarification came after Sebi addressed queries from stakeholders regarding the framework introduced in August this year
 "Sebi issues clarification on cybersecurity norms for regulated entities")
Small Savings Schemes: Interest rates for PPF, NSC, SSY unchanged yet again
Under this announcement, the Public Provident Fund (PPF) and post office savings deposit schemes will retain their interest rates at 7.1% and 4%, respectively.
 "Small Savings Schemes: Interest rates for PPF, NSC, SSY unchanged yet again")
Time for telcos to reap gains from tariff hike: EY's Prashant Singhal
Private operators have invested around Rs 70,000 crore in telecom infrastructure and radiowave assets this year to expand the coverage of next-generation 5G services in 2024 for the sector
 "Time for telcos to reap gains from tariff hike: EY's Prashant Singhal")
Govt retains interest rates on small savings schemes for Jan-Mar quarter
The interest rates for popular Public Provident Fund (PPF) and post office savings deposit schemes too have been retained at 7.1 per cent and 4 per cent, respectively
 "Govt retains interest rates on small savings schemes for Jan-Mar quarter")
RBI lifts curbs on Mumbai-based Sangli Sahakari Bank after 2.5 years
The bank's DICGC liability was down to Rs 36.97 crore from Rs 49.33 crore in September 2024. The company improved its net worth to Rs 5.41 crore as budgeted
 "RBI lifts curbs on Mumbai-based Sangli Sahakari Bank after 2.5 years")
FIR for cheating registered against former trustees of Lilavati Hospital
Between 2000 and 2023, "purported trustees" Chetan Vijay Mehta, Rashmi Mehta and Bhavin Mehta allegedly seized control of the trust using fake documents, the complainant claimed
 "FIR for cheating registered against former trustees of Lilavati Hospital")
US Defence Secretary Lloyd Austin loses bid to reject 9/11 plea deals
The decision puts back on track the agreements that would have the three men plead guilty to one of the deadliest attacks ever on the US in exchange for being spared possibility of death penalty
 "US Defence Secretary Lloyd Austin loses bid to reject 9/11 plea deals")
NPCIL invites proposals to set up small nuclear reactors for captive use
The government plans to deploy 40-50 of these nuclear reactors over the next decade in partnership with the private sector
 "NPCIL invites proposals to set up small nuclear reactors for captive use")
China's Dec residential property sales stay flat in sign of stabilisation
The value of new-home sales from the 100 biggest real estate companies for the month remained unchanged from a year earlier at 451.4 billion yuan
 "China's Dec residential property sales stay flat in sign of stabilisation")
Mutual fund inflows double in 2024 as retail SIPs hit record highs
Equity schemes rake in Rs 3.5 trillion, SIPs account for over half the inflows
 "Mutual fund inflows double in 2024 as retail SIPs hit record highs")
Emerging tech to drive India's job market with 20% growth in 2025: Report
Looking back at 2024, it said the Indian IT and tech ecosystem witnessed a 17 per cent surge in new employment opportunities, driven by rapid digital transformation
 "Emerging tech to drive India's job market with 20% growth in 2025: Report")
NaBFID invests Rs 745 crore in long-term bonds issued by NDR InvIT
NDR said that these 15-year bonds, rated AAA/Stable by India Ratings (FITCH) and CARE, underscore NDR InvIT's key role in advancing India's warehousing and industrial parks sector
 "NaBFID invests Rs 745 crore in long-term bonds issued by NDR InvIT")
Gold prices slip below Rs 79,000 per 10 gm on poor offtake by retailers
The precious metal of 99.9 per cent purity declined Rs 550 to Rs 78,950 per 10 grams. It had closed at Rs 79,350 per 10 grams on Monday
 "Gold prices slip below Rs 79,000 per 10 gm on poor offtake by retailers")
Kia Sonet facelift hits 100,000 sales mark, petrol engine tops preferences
The updated Kia Sonet facelift went on sale in India in January 2024 and the Korean brand has sold more than 9000 units of the Kia Sonet facelift per month since its launch
 "Kia Sonet facelift hits 100,000 sales mark, petrol engine tops preferences")
China raises salaries of civil servants to boost consumer spending
President Xi Jinping has declared boosting domestic consumption the top priority for 2025, as his government ramps up efforts to bolster a slowing economy
 "China raises salaries of civil servants to boost consumer spending")
