ManipalCigna Health Insurance has appointed Richa Chatterjee as its new chief human resources officer, effective September 2, 2024. With over two decades of experience, Chatterjee will focus on HR strategies to attract, develop, and retain talent. She aims to foster a culture of diversity and inclusivity while aligning HR practices with organisational growth.
The WTO warns that unilateral approaches to the digital economy and low-carbon transition could cause trade tensions and distortions. It emphasizes the need for multilateral policies to reduce poverty and inequality, benefiting vulnerable groups. The report highlights the importance of inclusive trade agreements and investment facilitation for development.
Seven large and midcap stocks within the Nifty200 index hit fresh 52-week highs during Tuesday's trading session.
Mutual fund SIP contributions crossed Rs 23,000 crore for the second month in August. Equity mutual fund inflows rose by 3%, while debt mutual funds saw a significant decline. Hybrid fund inflows decreased by 43%. Total assets under management increased to Rs 66.43 lakh crore.
Coal India Ltd. plans to invest about 670 billion rupees to build coal-fired power plants near its mines, primarily in Odisha. The state-owned miner has approval for 4.7 gigawatts of generation over the next six to seven years, with an additional 2 gigawatts under discussion.
Jaimin Gupta, founder of the men's fashion brand Barcelona, has acquired a majority stake in Aarvee Denims and Exports, a Gujarat-based firm. Gupta, along with investors Tarachand Agrawal and Qmin Industries, has purchased 1.42 crore shares of Aarvee, triggering an obligation to make an open offer to acquire up to 26% of the company's equity at Rs 41 per share.
India's wealth management sector is booming with local and global companies competing for a share. UBS Group AG is exploring partnerships, while Sanlam Ltd. and Jio Financial Services are entering the market. The sector's growth is driven by rising high-net-worth individuals, asset appreciation, and income growth, despite a talent shortage.
In Guntur, Andhra Pradesh, locals seized illicit liquor bottles while police were attempting to destroy them at a dumping yard on Etukuru Road. The crowd managed to grab several bottles worth Rs 50 lakh, disrupting the disposal process. This incident underscores the challenges faced by law enforcement in managing the destruction of illegal items.
Chinese billionaire Sun Dawu, serving an 18-year sentence for corruption, warns that his company's collapse could impact over ten thousand employees. His case highlights President Xi Jinping's crackdown on influential tycoons seen as threats to Communist Party control. The appeal remains unheard, while his company faces new management.
Carmaker Volkswagen Group's Skoda sees an opportunity to launch plug-in and mild hybrid cars in India to expand its fuel choice offering to consumers and reduce emissions, a Skoda Global executive said in New Delhi on Tuesday.
The book traces the rise of index funds, a method by which a stock portfolio can mimic a selected section of the stock market, instead of having a portfolio manager actively select stocks to outperform the market. This innovation, called passive funds, transformed the investment industry.
Bajaj Housing Finance’s IPO, valued at Rs 6,560 crore, is seeing strong investor demand. To improve allotment chances, shareholders of Bajaj Finance and Bajaj Finserv should apply under both retail and shareholder categories, as an additional Rs 500 crore is reserved for them.
As the festival season arrives, major automakers are offering significant discounts on cars to address a growing inventory surplus. Tata Motors has reduced prices on popular models by up to Rs 2.05 lakh, while Maruti Suzuki has cut prices on certain small cars by up to Rs 6,500.
Vibhor Singhal from Nuvama believes Indian IT firms will overcome challenges posed by new technologies like Gen AI. Despite recent macroeconomic uncertainties, he expects strong demand and growth in the sector. He highlights that delayed deal executions and discretionary spending holds have impacted revenue but anticipates recovery as conditions improve.
Prime Minister Narendra Modi chaired the first governing board meeting of the Anusandhan National Research Foundation (ANRF) on Tuesday. The ANRF aims to provide strategic direction for scientific research as per the National Education Policy. The meeting was attended by Education Minister Dharmendra Pradhan and senior officials, including the principal scientific advisor Ajay Kumar Sood.
The government has appointed six senior advocates as additional solicitors general to represent it in the Supreme Court for a period of three years. The newly appointed ASGs are S Dwarakanath, Archana Pathak Dave, Satya Darshi Sanjay, Brijender Chahar, Raghavendra P Shankar, and Rajkumar Bhaskar Thakare.
India's Blinkit and Pakistan’s Crumble engaged in a playful online exchange, entertaining their audiences. Blinkit mocked Crumble's delivery capabilities, prompting Crumble to retort by highlighting a recent mistake by Blinkit involving a wrong order. The humorous banter between the two companies has caught the attention of many online users.
The Karnataka High Court has issued an interim order preventing media outlets from sharing details of the chargesheet against Kannada actor Darshan Thoogudeepa in the Renukaswamy murder case. This order will remain until the next hearing. Darshan, along with 16 others, is accused in the case and has been in judicial custody since June 22.
A study has found that the decline of bat populations in the US from 2006-2017 led to increased pesticide use by farmers, resulting in higher infant mortality rates. The research highlights the economic and health impacts of losing natural pest control services provided by insectivorous bats.
It has not really proved to be right recently. And one of the reasons has been the kind of the QE that has happened post the Global Financial Crisis where yields have been suppressed by the Fed buying a lot of bonds.
India's ONGC Videsh is prioritizing the acquisition of stakes in overseas oil and gas producing assets due to anticipated declines in demand for conventional fuels. The company is shifting focus away from long-term exploration projects, except for those already in progress, according to its finance head Anupam Agarwal at the APPEC conference.
The National High Speed Rail Corporation Limited (NHSRCL) is progressing with the installation of noise barriers along the Mumbai-Ahmedabad bullet train corridor. As of September 10, 87.5 km of noise barriers have been installed in Gujarat. These barriers are designed to mitigate noise and ensure passenger comfort without obstructing views.
Police detained motivational speaker Mahavishnu at Chennai airport after his arrival from Australia. He was arrested under the Rights of Persons with Disabilities Act, 2016, following a complaint by a differently abled person association member. Mahavishnu faced backlash for his speeches at government schools in Saidapet and Ashok Nagar.