Markets Today Highlights: Bulls dominated Dalal Street as all constituent stocks of the Nifty50, barring Sun Pharma and Britannia, ended in the green, with gains extending up to 8.55 per cent

Indian markets

The real problem with India's trade policy lies in a seemingly innocent administrative procedure that doesn't sound half as dangerous as tariffs

Exports, Export

Stocks to Watch, Jan 2, 2025: From auto stocks to NMDC here is a list of stocks that will remain in focus today

Stock market

The RBI has asked the National Payments Corporation of India to develop a facility to allow customers using online fund transfer systems, RTGS and NEFT, to verify the name of the bank account to which money is being transferred before initiating the transaction for avoiding mistakes and prevent frauds.
All banks that are direct members or sub-members of Real Time Gross Settlement (RTGS) System and National Electronic Funds Transfer (NEFT) System are advised to offer this facility no later than April 1, 2025, the Reserve Bank said in a circular on Monday.
Currently, the Unified Payments Interface (UPI) and Immediate Payments Service (IMPS) systems enable a remitter to verify the name of the beneficiary before initiating a transfer.
"It has been decided to put in place a similar facility that would enable a remitter to verify the beneficiary bank account name before initiating a transaction using RTGS or NEFT system," it said.
RBI has advised the National Payments Corporation of Indi

After successfully exporting trial shipments of fresh bananas to countries like the Netherlands through sea route, India is now targeting to increase exports of the fruit to Russia, an official said on Monday.
India has set a target of USD 1 billion banana exports in the coming years. At present, exports of most of the fruits, including banana, from India are happening by air route because of lower volumes and different ripening periods.
To increase vo?lumes, India is developing sea protocols for fresh fruits and vegetables like bananas, mangoes, pomegranates, and jackfruit to promote their exports through ocean routes.
The Agricultural and Processed Food Products Export Development Authority (APEDA), along with other stakeholders, has developed these protocols for bananas. APEDA is an arm of the commerce ministry.
"We are targeting Russia to increase banana exports. We are going to participate in buyer-seller meets in Russia," APEDA Chairman Abhishek Dev said.
He said India expor

banana

The GNPA ratio for unsecured lending was marginally higher, at 1.7 per cent

bank

The output of eight key infrastructure sectors slowed down to 4.3 per cent in November 2024 against 7.9 per cent growth registered a year ago, according to official data released on Tuesday.
On a monthly basis, the production growth of these sectors was higher than the 3.7 per cent expansion recorded in October 2024.
In November, production of crude oil and natural gas contracted.
The production growth of coal, refinery products, fertiliser, steel, and electricity moderated to 7.5 per cent, 2.9 per cent, 2 per cent, 4.8 per cent, and 3.8 per cent, respectively, against 10.9 per cent, 12.4 per cent, 3.3 per cent, 9.7 per cent and 5.8 per cent in November last year.
However, cement output rose to 13 per cent in the month under review.
The growth of core sectors -- coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity -- was 4.2 per cent during April-November this fiscal. It was 8.7 per cent in the same period last fiscal.
The eight core sectors

Infrastructure, Infra

The Forum for People's Collective Efforts has urged the Ministry of Consumer Affairs to implement stricter guidelines and enforce penalties for non-compliance with advertisement guidelines

The year was a mixed bag for the real estate industry as housing supply slowed down but record investments came in. Industry experts believe that demand will stabilise as sales are likely to be lower compared to 2023.

The H-1B visa debate pits MAGA hardliners against tech billionaires, revealing deep divisions over immigration and economic policy in Trump's incoming administration

H1B visa

The Karnataka cabinet on Thursday decided to increase the bus fares in the state-owned transport corporations by 15 per cent.
The decision was taken in view of the substantial hike in operational costs such as increase in spending on fuel prices and staff, Karnataka Law and Parliamentary Affairs Minister H K Patil said.
The cabinet has decided to revise the bus fare of the four state transport corporations of Karnataka State Road Transport Corporation (KSRTC), North West Karnataka Road Transport Corporation (NWKRTC), Kalyana Karnataka Road Transport Corporation (KKRTC) and Bangalore Metropolitan Transport Corporation (BMTC) by 15 per cent, Patil said while briefing reporters here.
The Minister said the decision will come into effect from January 5.
According to him, the BMTC bus fares were increased on January 10, 2015 when the diesel prices were Rs 60.90 per litre.
The daily diesel consumption was Rs 9.16 crore 10 years ago by the four corporations, which has now increased to Rs 

Wheels of change turn electric as state expands its green fleet of buses

Union Minister for Renewable Energy Prahlad Joshi urged people on Thursday not to be dependent on the governments for freebies, but to produce their own solar power.
Joshi attended a consultative meeting with the consumers, electricity supply company (ESCOM) officials, and people's representatives to discuss Surya Ghar Muft Bijli Yojana here on Thursday.
"I will not comment on what the motives were behind the distribution of free power generated using environmentally harmful core sector material. But sustainability in the power sector is going to be the key to a safer future for the country," said Joshi, who is also the Union Minister of Consumer Affairs, Food and Public Distribution.
According to Joshi, Surya Ghar Muft Bijli Yojana launched by Prime Minister Narendra Modi on February 15, 2024 aims to provide free electricity to households in India by providing a subsidy to install solar panels on their roofs. The subsidy will cover up to 40 percent of the cost of the solar panels.

Prahlad Joshi

Jan Suraaj founder Prashant Kishor on Thursday announced that he was commencing a fast unto death to press the demand for cancellation of the recently held Bihar Public Service Commission (BPSC) exam.
Kishor made the announcement at the historic Gandhi Maidan, a couple of kilometres from the spot where several aggrieved candidates have been on a round-the-clock protest for nearly two weeks.
"My demands include cancellation of the exam and holding of fresh tests. I also seek action against corrupt officials who had allegedly put posts, to be filled by the exams, on sale," Kishor told reporters.
On Monday, shortly after a delegation of protesters met Chief Secretary Amrit Lal Meena, Kishor had said he would wait for "48 hours" and intensify the stir if the Nitish Kumar government failed to take any action on the alleged paper leak for the Combined Competitive Exams held on December 13 last year.

Prashant Kishore, Prashant

The rating agency's arm said that India's recent consumer price inflation at around 5 per cent was without clear evidence of a trend towards slowing price pressures

Most GCCs in India support critical business goals by using AI, data analytics, robotic process automation, and cloud services

India ranked third globally in terms of funding raised by fintech companies, behind the US and China, the report said

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Karnataka cabinet hikes govt bus fares by 15%, effective from Jan 5

Don't depend on freebies, produce own solar power, says Prahlad Joshi

Prashant Kishor begins fast unto death, demanding cancellation of BPSC exam

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