Domestic benchmark equity indices, Sensex and Nifty50, closed marginally lower on Friday, weighed down by FMCG and energy stocks. However, they recorded their best weekly performance since the end of June, ahead of a likely rate cut by the Federal Reserve.
Reliance Retail, India's largest retailer, is expanding its non-food and general merchandise trading area by 50% in grocery stores to boost margins. This move supports its hyper-local e-commerce platform Jiomart. The company aims to double its business in the next 3-4 years and is focusing on premium segments as disposable incomes rise.
MLA Nitesh Rane's remarks in Ulwe urging Hindus to engage in property deals only with fellow Hindus have sparked controversy. He called on real estate brokers to verify Aadhaar cards before transactions. AIMIM is protesting, citing that Rane's speech undermines the country's secular fabric and Constitution.
Congress president Mallikarjun Kharge emphasized the significance of 2024 for India's democracy, citing a need to protect democratic values and institutions. He referenced Jawaharlal Nehru's belief in democracy and called for vigilance in upholding parliamentary democracy and the Constitution on International Day of Democracy.
India faces challenges in exports due to rising freight costs, container shortages, and reliance on foreign carriers. GTRI suggests boosting domestic container production and enhancing local shipping companies to mitigate risks and costs. The report highlights the need for significant investments and policy support to strengthen India's shipping industry.
The S&P BSE Sensex closed 0.09% lower at 82,890, while the NSE Nifty50 ended just below the 25,400 mark.
A rescue operation is underway, and survivors of the tragedy have been taken to the sports hall in the northern town of Ambleteuse, according to a statement from the prefecture of Pas-de-Calais region.
The Reserve Bank of India plans to modernise its currency management infrastructure over the next 4-5 years. This includes creating new currency management centres, introducing warehouse automation, and enhancing security systems. The goal is to ensure adequate storage and handling capacity for future cash needs while maintaining efficiency and security.
Delhi Chief Minister Arvind Kejriwal announced his intent to resign in two days, stating he won't return to the position until the public deems him honest. BJP leaders have criticised this move as a PR stunt and linked it to a Supreme Court order. Kejriwal seeks early elections along with Maharashtra.
Business leaders must prioritize continuous learning and development to engage and motivate employees. Investing in upskilling, particularly in areas like AI and data analytics, is crucial. Flexible work arrangements, clear career progression paths, and policies promoting diversity and well-being are essential to attract and retain top talent.
Bengaluru traffic police have issued a list of roads to avoid and alternate routes due to Eid-e-Milad-un-Nabi celebrations on September 16, 2024. Major processions will take place, and specific roads will face restrictions. The police aim to ensure smooth traffic flow and have suggested alternative routes for commuters to follow.
Domestic markets may continue their upward trajectory, despite reaching record highs in recent months, as the benchmark Nifty is set for a multi-quarter consolidation breakout, according to ICICI Direct. The brokerage's note predicts that this breakout will trigger a significant rally over the next 6-7 quarters.
Former Jammu and Kashmir Chief Minister Farooq Abdullah criticised the BJP-led government, accusing it of aligning with those who once supported Pakistan. He questioned the ongoing terrorism despite the abrogation of Article 370 and alleged that Engineer Rashid's release before elections was a tactic to divide Muslim votes. Assembly polls are scheduled for September and October.
International funds ruled the return chart last week (Sept 9 - 13), offering up to 5.90% returns.
One of the key organs in charge of preserving blood flow and controlling the distribution of nutrients and oxygen throughout the body is the heart. Our cardiovascular system is physiologically under a great deal of stress, despite its vital roles.
Employees often hesitate to share ideas due to fear of consequences, indicating a lack of psychological safety at work. This article discusses how leaders can foster a safe environment, encouraging innovation and collaboration by handling mistakes constructively and promoting open communication.
Senior BJP leader Anil Vij has announced his intention to stake claim for the chief minister's post if the party wins the upcoming Haryana Assembly polls. Despite Nayab Singh Saini being declared the BJP's chief ministerial candidate, Vij, a six-time MLA, believes his seniority and public support justify his bid. The final decision rests with the party high command.
Former RG Kar Medical College Principal Sandip Ghosh and Tala Police Station Officer-in-Charge Abhijit Mondal were arrested by the CBI in connection with the rape and murder of a Post Graduate trainee. They are accused of misleading the investigation and tampering with evidence. The Supreme Court will hear the case next on Tuesday, while junior doctors continue their protest.
Shanghai has halted transportation, recalled ships, and closed tourism spots including Shanghai Disney Resort as it braces for Typhoon Bebinca. The Category 1 typhoon is expected to make landfall along China's eastern coast after midnight on Monday. Over 600 flights have been cancelled, and parks in Hangzhou are also closed.
In sectors like banking when a regulatory rejig takes place, every player has to follow a new set of rules. It is not possible for any entity to escape the regulatory regime. This leads to a situation where entities which are large or are already following best practices are able to make transition to a new regime in a short span of time and are the first one to get rewarded on the street. Others who take time to the follow which normally are smaller or mid sized players tend to get attention later. Читать дальше...
Delhi Chief Minister Arvind Kejriwal announced that he will resign in two days and seek early elections, stating he will not resume his role until he receives a "certificate of honesty" from the public. This decision follows his recent bail in the excise policy corruption case. As he prepares to step down, Kejriwal will convene a meeting with AAP MLAs to select a successor. Potential candidates for the position include Atishi, Saurabh Bhardwaj and Gopal Rai.
Vice President Jagdeep Dhankhar criticized Congress leader Rahul Gandhi's remarks on ending reservation, calling them anti-constitutional. Dhankhar emphasized the importance of awareness about India's Constitution and described reservation as an affirmative action that supports society's pillars. Gandhi had made his comments during a recent visit to the US.
A billionaire spacewalker, Jared Isaacman, returned to Earth with his crew after a five-day mission that took them higher than anyone since NASA's moonwalkers. SpaceX's capsule splashed down in the Gulf of Mexico. The mission included the first private spacewalk and tested new spacesuit technology for future Mars missions. This was Isaacman's second flight with SpaceX under his Polaris program.
Moderate to heavy rain affected parts of south Bengal, including Kolkata, due to a deep depression. The weather system was located near Kolkata and is expected to move westwards, weakening into a depression. Kolkata recorded over 62 mm rainfall, causing waterlogging and slow traffic on major roads. Heavy rain is expected in the next 12 hours.