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Bloomberg Quint
1h
107
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Indian Oil To Invest Rs 61,000 Crore In Naphtha Cracker Project At Paradip
- Indian Oil Corp. plans to invest Rs 61,000 crore in establishing a naphtha cracker project at Paradip, Odisha.
- An MoU for the project will be signed between the Odisha government and IOCL during the 'Utkarsh Odisha—Make in Odisha 2025' summit in January.
- IOCL will also lay the foundation stone for their Rs 4,352 crore yarn project at Bhadrak during the event.
- The projects will create huge employment opportunities for the youth and boost the manufacturing sector in the state.
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Bloomberg Quint
1h
183
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IRCTC Has Stopped Paying Compensation To Passengers For Delay In Private Trains, RTI Reveals
- Indian Railway Catering and Tourism Corp. (IRCTC) has stopped paying compensation to passengers for delays in private trains, as revealed by an RTI response.
- The compensation scheme, which gave Rs 26 lakh to passengers from Oct. 4, 2019, to Feb. 16, 2024, has been discontinued since February 15, 2024.
- IRCTC operates two Tejas trains, one between New Delhi and Lucknow and the other between Ahmedabad and Mumbai.
- The decision to stop compensation was a part of marketing activities to attract passengers towards private trains.
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Bloomberg Quint
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174
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Buy, Sell Or Hold: M&M, IOC, Asian Paints, Oil India, Varun Beverages — Ask Profit
- Market analysts provide insights for short-term and long-term investors on buying, selling, or holding shares of Shakti Pumps, Varun Beverages, and others.
- KPIT Technologies: Analyst suggests selling on rise as downside potential is expected.
- Aurobindo Pharma: Analyst recommends buying, stating it as a good stock for the long term.
- Indian Oil Corp: Analyst advises holding due to attractive dividend yield and potential upside in the long term.
- Asian Paints: Analyst suggests selling on rise as the stock shows a lower-high, lower-top pattern.
- M&M: Analyst recommends holding, citing strong sales demand and low consumption.
- Oil India: Analyst suggests holding for long term, as the stock corrects from high levels.
- Shakti Pumps: Analyst suggests selling in the short term and holding for the long term.
- Varun Beverages: Analyst advises holding, as the stock consolidates and has potential for a bullish trend.
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Bloomberg Quint
2h
126
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Dabur Vs Patanjali: The Chyawanprash Showdown Hits Delhi High Court
- Dabur India has moved the Delhi High Court seeking to restrain Patanjali from running misleading advertisements featuring Baba Ramdev to disparage its Chyawanprash product.
- Dabur alleges that an advertisement by Patanjali falsely claims that only their Chyawanprash is authentic, and all other brands lack the traditional Ayurvedic knowledge required for its preparation.
- Senior Advocate Akhil Sibal argued that such claims damage the reputation of competitors and mislead consumers.
- Patanjali has a history of running misleading advertisements and Dabur has demanded a detailed account of profits made illegally from the disputed advertisements.
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Bloomberg Quint
3h
39
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Solar, EVs And A Big Exit From Coal: 2024’s Good Climate News
- Solar capacity around the world was rolled out at a record pace, as bargain panel prices helped countries deploy cleaner energy.
- The British Library unveiled a £1.5 million ($2 million) solar installation on its roof this year.
- Norway prepared to meet its 2025 goal of eliminating fossil-fuel-powered car sales.
- Electric vehicle range anxiety was put to rest for many drivers in the US in 2024.
- Australia’s government began funding cheap loans to help low-income workers buy electric vehicles.
- US climate policies are now in question under the Trump administration.
- Brazilian President Luiz Inácio Lula da Silva’s promised to get tough on deforestation in the Amazon.
- The European Court of Human Rights ruled that the “Swiss Confederation had failed to comply with its duties” concerning climate change.
- Startups made new improvements on a technology that can draw water out of the driest skies.
- Many cities prepared for the impacts already being felt.
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Bloomberg Quint
3h
13
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Aurionpro Solutions Acquires Paris-Based Consultancy Fenixys For 10 Million Euros
- Aurionpro Solutions has acquired Paris-based consultancy firm Fenixys for 10 million euros (about Rs 90 crore) in an all-cash deal.
- Fenixys provides capital markets services to leading banks and financial institutions across Europe and the Middle East.
- The acquisition strengthens Aurionpro's banking and fintech strategy to expand its footprint in Europe and the Middle East.
- Shares of Aurionpro settled at Rs 1,750 apiece on the BSE, 1.06% higher than the previous close.
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Bloomberg Quint
3h
80
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US Stock Markets Today: S&P 500, Dow Jones Open Higher For Shortened Christmas Eve Trading
- The Dow Jones Industrial Average and S&P 500 opened higher on Christmas eve for shortened trading.
- Tech-heavy Nasdaq Composite gained 0.38% while S&P 500 surged 0.17%.
- Shares of Amazon.com Inc., Nvidia Corp., Tesla Inc, Broadcom Inc., and Blackstone Inc. witnessed gains.
- US stock markets to close early on Christmas eve and remain shut on Christmas day.
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Bloomberg Quint
1h
298
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Akasa Air fined Rs 10 lakh For Refusing Boarding, Denying Compensation
- The Directorate General of Civil Aviation (DGCA) has fined Akasa Air Rs 10 lakh for refusing boarding to seven passengers on a delayed Bengaluru-Pune flight.
- The incident occurred on September 6, when the flight was grounded due to damage caused by a foreign object.
- The passengers were accommodated on an IndiGo flight to Pune, but Akasa Air failed to provide compensation.
- The penalty was imposed for violating civil aviation regulations and the airline has been given 30 days to pay the fine.
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Bloomberg Quint
1h
277
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UltraTech Cement Gets Rs 36-Crore Tax Demand From Ujjain GST Authority
- UltraTech Cement received a demand order of about Rs 36 crore from the Ujjain GST authority.
- The order includes a tax demand of Rs 17 crore and an additional Rs 17 crore in interest and penalty.
- A second order demanded a tax of Rs 99 lakh and Rs 1.04 crore in interest and penalty.
- UltraTech Cement is reviewing the orders and will decide on further course of action.
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Bloomberg Quint
1h
211
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Job Applications From Women Soar By 20% In 2024: Report
- Women accounted for a 20% increase in job applications in 2024 compared to the previous year.
- The overall job applications increased by 25% year-on-year, driven by increased participation from women and youth.
- There was a 28% increase in median salaries of women in 2024, indicating progress in gender equality in the workforce.
- Women are excelling in sectors such as healthcare, hospitality, retail, and e-commerce and embracing unconventional roles.
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Bloomberg Quint
2h
143
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Manorama Industries Promoters Offload Stake Worth Rs 200 Crore
- Manorama Industries promoters Vinita Ashish Saraf, Shrey Ashish Saraf, Agastya Saraf, and shareholder Ritu Saraf offloaded stake worth Rs 200 crore through open market transactions on Tuesday.
- LIC Mutual Fund, Bank of India Mutual Fund, and Aditya Birla Sun Life Mutual Fund bought shares in the company.
- Shares of Manorama Industries fell as much as 5.99% during the trade on Tuesday but partially recovered to close 2.55% lower at Rs 1,090 per share.
- The stock has soared by 172.36% on a year-to-date basis and has marked a climb of 187.05% over the past 12 months.
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Bloomberg Quint
2h
115
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Income Tax Refunds Up 46% During April-November To Rs 3 Lakh Crore
- Income tax refunds amounting to about Rs 3.08 lakh crore were dispersed between April and November this year, which is about 46% higher than refunds during the same period in the preceding year.
- Approximately 98.35% of ITRs filed have been e-verified as of November 22.
- In July 2024, the highest number of ITRs were submitted, totaling 5.87 crore filings.
- Several new initiatives and improvements in the income tax e-filing process resulted in 47.52 lakh updated returns filed and streamlined processes.
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Bloomberg Quint
2h
125
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AirPods Pro 3: Heart Rate Tracking, Apple Intelligence, Built-In Cameras On The Way
- Apple is planning to integrate health features into its AirPods Pro 3, including heart rate monitoring, temperature sensing, and physiological tracking.
- The AirPods Pro 3 may be the first audio product to use Apple Intelligence and could have built-in cameras to capture data processed by AI.
- Apple may use a new H3 chip to power Apple Intelligence in the AirPods Pro 3, enabling additional health-related capabilities.
- Improved audio capabilities such as adaptive transparency and noise reduction are also expected in the updated AirPods Pro.
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Bloomberg Quint
3h
49
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HG Infra Engineering Arm Sells Stakes In Step-Down Subsidiaries
- HG Infra Engineering Ltd. announced that four of its step-down subsidiaries are no longer wholly owned by the company.
- The company's subsidiary, HG Green Energy Pvt., transferred 26% of its partial stake to Stockwell Solar Services Pvt.
- The construction and engineering company continues to hold stakes in the subsidiaries, but its shareholding is less than 100%.
- HG Green Energy sold stakes in HG Mathania Solar Project Pvt., HG Nokha Solar Project Pvt., HG Rajlani Solar Project Pvt., and HG Sri Dungargarh Solar Project Pvt.
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Bloomberg Quint
3h
59
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Samsung India To Re-enter Residential AC Market With New Inverter Models In 2025
- Samsung India plans to re-enter the residential AC market with new inverter models in 2025.
- The company aims to launch over a dozen models of inverter ACs for its 2025 lineup.
- Samsung's new ACs will have smart features like Bespoke AI solutions targeting consumers looking for premium ACs.
- Samsung expects double-digit volume growth in the RAC segment in 2025, riding on the wave of premiumisation and aspirations.
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