Loan securitisation in India surged to Rs 60,000 crore in the September quarter. Private sector banks and non-banking financial companies were key contributors. The market is likely to reach Rs 2.1 lakh crore this fiscal year, driven by strong credit demand and the need for deposit growth. Vehicle loans lead in securitisation volumes.
Bihar will develop Kaimur Wildlife Sanctuary as its second tiger reserve due to Valmiki Tiger Reserve reaching capacity. The National Tiger Conservation Authority has given approval. The KWLS will provide a new habitat for the tiger population, which has grown significantly in the state. Other wildlife in the sanctuary includes leopard, sloth bear, and several bird species.
Massive surge in lawsuits could influence the US election 2024 and chances of Donald Trump and Kamala Harris, as early voting began with ballots distributed to military and overseas voters on September 20.
Amitabh Kant emphasizes India's goal to achieve 750 GW of renewable energy capacity and become a clean energy exporter by 2030. He suggests establishing strong financial systems and leveraging international funds to meet renewable energy targets, focusing on green hydrogen and decarbonizing sectors like steel and transport.
Garuda Construction and Engineering Ltd on Monday said it has raised Rs 75 crore from anchor investors, a day before its initial share-sale opening for public subscription.
Iran has responded to an Israeli attack by launching 200 missiles, in retaliation for the killing of militant leaders. Israel has vowed to respond. Iran's top diplomat said they are not afraid of war and will respond firmly. The situation follows the killing of Hezbollah leader Hassan Nasrallah by Israel on September 27.
Maldivian President Mohamed Muizzu highlighted India's significance as a top tourist market and stressed enhancing bilateral relations. During his visit to India, he discussed boosting tourism and potential free trade agreements. Muizzu invited Prime Minister Modi to the Maldives to mark 60 years of diplomatic relations and emphasized cooperation in maritime security and development.
IIM Shillong has formed a new strategic partnership with James Cook University in Singapore. This collaboration includes exchange opportunities, joint degrees, and co-curricular activities to enhance student learning and global exposure. The partnership also aims to promote joint research initiatives and faculty development programs between both institutions.
A male A-list celebrity is horrified that an alleged tape featuring him and Sean Diddy Combs is being circulated to media outlets. The tape, which may have been recorded without permission, is causing concern for the star, who fears long-term consequences if it is released.
As the presidential election approaches, Pennsylvania remains one of the most competitive states. A recent Fox News survey revealed a tie between Harris and Trump, with both candidates receiving 49% support among likely voters
US Presidential Elections 2024 is just knocking on the door and the November 5 polling day will decide political fate of Kamala Harris and Donald Trump. A number of eminent personalities and several poll surveys have revealed that former US President Donald Trump was gaining support within the Latino voters and that might prove as a huge advantage for the Republican candidate.
Airbus plans to continually increase its sourcing of components from India, aiming to double it approximately every five years. CEO Guillaume Faury highlights India's potential to alleviate supply chain bottlenecks, especially given the high demand from airlines like IndiGo, Air India, and Akasa.
Weak consumer sentiments and heavy rainfall led to a 9.26% drop in retail sales of passenger vehicles, two-wheelers, and commercial vehicles in September. This decline marks the first drop across all segments for the fiscal year. Despite steep discounts, passenger vehicle sales fell nearly 19%. Dealers are now hoping for a revival during the Navratri and Diwali festivals.
Zaggle Prepaid Ocean Services in Mumbai has appointed Virat Sunil Diwanji, the former Head of Consumer Banking at Kotak Mahindra Bank, as an Additional Director on its board. Diwanji will join the board from October 4, 2024. Diwanji has over 30 years of experience, which will support Zaggle's expansion efforts.
HDFC Bank, India's largest private sector lender, experienced an unscheduled downtime in its net-banking and mobile banking services, affecting NEFT and RTGS transactions for over an hour. The bank quickly resolved the issue and continues to upgrade its IT technology following RBI-imposed restrictions lifted in March 2022.
India's DGCA has issued directives for airlines operating Boeing 737 planes. Pilots are to avoid landings in less than 150 feet visibility and undergo specific training for jammed rudders. This follows a safety alert from the US NTSB regarding potential rudder failures. Efforts are ongoing to address these issues before foggy conditions arise in December.
Heavy rainfall in Kerala's Wayanad on Monday resulted in a flood-like situation shortly after the district suffered devastating landslides in July, killing over 200 people. The India Meteorological Department issued yellow alerts for several districts including Thiruvananthapuram and Wayanad. Thunderstorms and rain accompanied by gusty winds are forecasted for various regions.
Kamala Harris may be having some serious trouble in connecting with white or black male voters, and she needs to be more visible in the media, in order to seem more 'acceptable', according to a recent statement by MSNBC anchor Andrea Mitchell, which does not come as a surprise because many polls have depicted that the reigning VP lacks the endorsement of male voters.
General Upendra Dwivedi, Chief of the Army Staff, witnessed the overhaul of the T-90 Bhishma tank by the Corps of Electronics and Mechanical Engineers at the 505 Army Base Workshop, showcasing India's capability to maintain and enhance its main battle tanks amid the 'Decade of Transformation', aligned with the 'Atmanirbhar Bharat' initiative.
India's government will invest around Rs 92,000 crore in constructing and expanding airports, aiming for 200 operational airports by 2025. Civil aviation minister Ram Mohan Naidu revealed this at a French Aerospace event, highlighting a 9% increase in airline capacity. With significant orders from IndiGo, Air India, and Akasa, India’s air traffic faces exponential growth amid resolving engine issues with Pratt & Whitney.
Indian indices extended their losing streak for the sixth consecutive session, dragged by corporate earnings concerns and Middle East tensions. Nifty fell 0.87% to 24,795, and Sensex dropped 0.78%. Analyst Rupak De sees a bearish trend, with support at 25,400. Jatin Gedia sees a short-term target of 24,500.
Rock icon Bono's daughter actress Eve Hewson is the frontline to become the next Bond girl, while there are speculations among fans with other actresses also.
India is becoming a top choice for advanced supply chain capabilities, aided by digital advancements. P&G India CEO highlights the role of understanding consumer behavior and digital transformation in this growth. Increasing disposable incomes and internet access are driving these changes. The e-commerce and quick commerce sectors are expanding swiftly, with significant growth expected in online shopping.
Union Minister Piyush Goyal announces the launch of a Skill Development Centre in Mumbai to address the skilled talent shortage, aiming to train 1 lakh people. With support from CII and under a PPP model, the Centre will be operational in 6-8 months in Borivali.