Britain plans to overhaul social care for older and disabled adults by 2028. A three-year independent review will propose solutions. The Labour government aims to create a National Care Service. Opposition parties will join the review. The commission will identify issues by 2026 and recommend long-term solutions. Action is needed as care costs are set to double in 20 years.
Kotak Mahindra Bank led India's investment banking fee rankings in 2024, earning $92.8 million and a 7.2% wallet share, according to LSEG data. Investment banking fees rose 1% YoY, while IPOs from Indian issuers hit a record $20.5 billion, a 176% surge from 2023, driven by a 40% increase in the number of IPOs.
India US trade: India aims to enhance economic ties with the U.S. amid renewed trade tensions, as Trade Minister Piyush Goyal comments on engaging with the Trump administration. Trump has criticised India's tariffs, warning of reciprocal measures. This holds both challenges and opportunities, especially if Trump increases tariffs on Chinese imports.
The Allahabad High Court has temporarily halted the arrest of Samajwadi Party MP Ziaur Rahman Barq linked to the violence in Sambhal during the Mughal-era mosque survey, while rejecting his plea to quash the FIR. The court instructed Barq to cooperate with the ongoing investigation.
The Railway Board has revised the educational qualification criteria for Level-1 posts, allowing candidates with a Class-10 pass, ITI diploma, or National Apprenticeship Certificate (NAC) to apply. Previously, both Class-10 and an NAC or ITI diploma were required for technical departments. An upcoming recruitment will fill approximately 32,000 Level-1 positions.
Tamil Nadu BJP President K Annamalai on Friday criticized Chief Minister MK Stalin's government over the Anna University sexual assault case, claiming that under the DMK, history sheeters and sexual offenders operate freely as DMK functionaries.
The chatbot by Elon Musk's AI company xAI has released new update that now allows the AI assistant to analyse images. Musk said in a post on X that Grok can analysis from medical tests to video games.
Indian stock markets ended lower on Friday. Financial and IT stocks led losses. The corporate earnings season starts next week. HDFC Bank and ICICI Bank were among the top losers. TCS, Infosys, and ITC also declined. Avenue Supermarts surged 15%. European shares slipped while Asian stocks were mixed.
NSE witnessed the highest number of IPOs in Asia in 2024, with 268 IPOs raising over Rs 1.6 lakh crore. This surpasses other major exchanges like Japan, Hong Kong, and Shanghai. NSE also facilitated the highest equity capital raised globally through IPOs in 2024.
Gujarat high court has ruled that depriving an employee of earned leave encashment violates constitutional rights. The court affirmed a labor court's order directing Ahmedabad Municipal Corporation to pay dues to a retired employee. The case revolved around Sadgunbhai Solanki, whose earned leave encashment was denied by Ahmedabad MC after his resignation and subsequent retirement.
Scientists in Australia have found evidence that black hole collisions at galaxy centers are causing the universe's constant vibration, detected through low-frequency gravitational waves and pulsar observations.
From lenders, to mutual funds, to insurance companies. All of them come under the broad umbrella of financial services. Yet, each of them is different and governed by different macro and micro factors. In the past one year, each of the segments has witnessed its share of head and tailwinds. Right from scrutiny by the RBI to interest rates staying at higher levels. But at this point, there is one segment where some players with a strong background have emerged stronger; and while the narrative might still be negative... Читать дальше...
Devender Singhal, Fund Manager at Kotak Mahindra AMC, discusses market outlook and expects a focus on earnings growth. He sees opportunities in quick commerce, traditional companies, and the pharma sector, especially in CDMO. Singhal is positive about consumption trends, particularly in rural areas and forecasts growth in upcoming quarters with improving infrastructure and lower inflation.
The RBI now requires lenders to update their credit records every 15 days instead of monthly, making it harder for borrowers to take multiple personal loans. The move is aimed at improving credit risk assessment and curbing over-borrowing.
Quad-demic threat has been looming across the US as winter viruses have seen a massive surge. The surge in infections have forced the authorities to make masks mandatory in Wisconsin, California, Illinois, Indiana and New Jersey. Experts have said that indoor activities, crowded holiday gatherings, and diminished immunity have led to the increase in infections.
Quadrant Future Tek's IPO opens for subscription on January 7. The company aims to raise Rs 290 crore through a fresh issue. Proceeds will be used for working capital, capital expenditure, and debt repayment. The price band is set at Rs 275-290 per share.
Union Trade and Commerce Minister Piyush Goyal announced the government's commitment to enhancing safety standards for electric vehicles to support the sector's growth. At the Start-up India event, he highlighted India's innovation culture and supportive policies, attributing the success of the Start-up India Programme to measures like easier regulations, tax incentives, and access to venture capital.
The government redirects low-cost natural gas from LPG production to CNG/piped cooking gas to counter rising CNG prices. This adjustment involves GAIL and ONGC using more expensive gas sources while city gas retailers, including IGL and Adani-Total Gas, may benefit from increased supply by mid-January.
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Kolkata-based logistics firm WCIL has secured a Rs 139 crore material handling order from Vedanta Ltd. The order involves import, domestic, and export material handling at Vedanta's Jharsuguda plant for four years. WCIL's sales stood at Rs 1,685 crore as of March 31, 2024, with a net profit of Rs 80.35 crore.