Page 9 - Latest News
Magicpin's top management delivers food on bikes on New Year's Eve
The company recently forayed into quick commerce for food delivery with the launch of its magicNow brand that will work for over 2,000 food brands and 1,000 merchants to start with
 "Magicpin's top management delivers food on bikes on New Year's Eve")
States, UTs to borrow Rs 4.7 trillion via govt securities in Q4FY25
In 2023-24, states contained their GFD at 2.9 per cent of GDP, within the Fiscal Responsibility Legislation (FRL) limit of 3 per cent
 "States, UTs to borrow Rs 4.7 trillion via govt securities in Q4FY25")
Looking ahead: Slowing credit growth, margin pressure await banks in 2025
Resource mobilisation was a key challenge for banks over the past two years, as deposit growth lagged credit uptake
 "Looking ahead: Slowing credit growth, margin pressure await banks in 2025")
Dollar gains as US Fed's rate-cut rethink fuels best year since 2015
The dollar advanced against all of its major peers in 2024, with the New Zealand dollar, Norwegian krone and Japanese yen weakening the most against the US currency
 "Dollar gains as US Fed's rate-cut rethink fuels best year since 2015")
Promoter Nishant Pitti sells 1.4% stake in Easy Trip Planners for Rs 78 cr
After the transaction, Pitti's holding in Easy Trip Planners has come down to 12.8 per cent from 14.21 per cent. Also, the combined promoter stakeholding in the company has also declined to 48.97%
 "Promoter Nishant Pitti sells 1.4% stake in Easy Trip Planners for Rs 78 cr")
Budget 2025-26 must prioritise defence and security over welfare schemes
India's growing external and internal threats demand urgent shifts in fiscal focus to strengthen defence, policing, and cyber capabilities
 "Budget 2025-26 must prioritise defence and security over welfare schemes")
Ken-Betwa river project: Balancing development with ecological concerns
India's ambitious river-linking plan faces criticism for environmental and human costs
 "Ken-Betwa river project: Balancing development with ecological concerns")
Delhi's power demand in December touches new heights at 5,213 MW
As per the State Load Dispatch Centre (SLDC), power demand stood at 5,213 MW at 10:50 am on Tuesday, after touching 5,046 MW on Monday
 "Delhi's power demand in December touches new heights at 5,213 MW")
RBI's Financial Stability Report flags rising NPAs, global economic risks
Indian banking sector stable, but global debt and economic volatility loom large
 "RBI's Financial Stability Report flags rising NPAs, global economic risks")
Governance woes: Why filling govt vacancies should be India's top priority
Addressing unfilled positions in courts, police, and hospitals could boost productivity and ease citizens' lives
 "Governance woes: Why filling govt vacancies should be India's top priority")
Delhi air quality deteriorates, records most 'severe' AQI days since 2022
Adding to the alarming scenario, Delhi did not record a single day of "Good" air quality (AQI 0-50) throughout 2024
 "Delhi air quality deteriorates, records most 'severe' AQI days since 2022")
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")
