Bandhan Bank's advances grew by 15% year-on-year to Rs 1.33 lakh crore by the end of December, while the overall collection efficiency dropped to 97.6%. Deposits increased by 20% year-on-year to Rs 141 lakh crore, but there was a 1.1% decline over the last three months due to reduced CASA and bulk deposits.
Police have arrested three persons in connection with the December 9 murder of Beed sarpanch Santosh Deshmukh. The two main accused were nabbed from Pune, and another from Kalyan. Seven individuals have been arrested so far, with one more still at large. Deshmukh was killed for trying to stop an extortion bid on an energy firm.
Tammy Bruce, Fox News Contributor and ex-democrat, has been picked by Donald Trump as US state department spokesperson. Trump described Bruce as a “highly respected political analyst” who “saw the lies and fraud of the Radical Left” firsthand. Tammy Bruce, a political analyst, received her bachelor's degree in political science at the University of Southern California.
A study finds that only a quarter of India's population can access a stroke rehabilitation centre within an hour. The research highlights the lack of facilities, with less than one ischaemic stroke centre per million people. Improvements in infrastructure are urgently needed to enhance treatment outcomes.
The Uttar Pradesh State Disaster Management Authority organised a training program to enhance preparedness for chemical and nuclear disasters during the Maha Kumbh fair. The training was organised jointly with the Department of Atomic Energy and focused on disaster management techniques, safe rescue operations and health assistance. Over 400 participants including officials and scientists attended.
The Nifty 50 ended 2024 with over 8% annual returns and is projected to reach 26,500 by March 2026, signaling a 10% upside. Antique Stock Broking attributes this to rising consumption, growth in mid and small caps, and a revival in capital expenditure.
US President Joe Biden has announced the recipients of the prestigious Presidential Medal of Freedom, including Hillary Clinton, Ralph Lauren, Lionel Messi, and George Soros. The award honors individuals for their exemplary contributions to the United States and global society. The ceremony will take place at the White House.
Arvind Kejriwal claimed that the women protesting outside his residence were from Congress or BJP, not Punjab. He urged Congress and BJP to declare their alliance in Delhi elections against AAP. He assured that post-elections, AAP would address and waive off incorrect water bills.
AIMIM chief Asaduddin Owaisi criticizes PM Modi's gesture of presenting a chadar for Ajmer Sharif Dargah, highlighting the BJP's involvement in legal disputes over mosques and dargahs. Owaisi also comments on the administration's treatment of a particular community in Sambhal and the government's stance on China.
The minister stated that, until now, the European data protection rules has been the primary global template, known for its high level of regulation. In contrast, India’s rules have been designed with a focus on fostering the rapidly growing innovation ecosystem, particularly among startups, while still ensuring adequate regulation.
With Delhi assembly polls approaching, BJP has announced 29 candidates, including four sitting MLAs, two former MPs, and eight ex-MLAs. Key contests include BJP’s Parvesh Verma against AAP’s Arvind Kejriwal in New Delhi and Ramesh Bidhuri against Chief Minister Atishi in Kalkaji. Congress has fielded Alka Lamba in Kalkaji.
Rural India drives consumption growth, narrowing the urban-rural gap, fueled by rising income, government support, and infrastructure development. Rural demand outpaces urban for FMCG products, poverty reduction accelerates, and evolving consumer preferences signal economic progress in semi-urban and rural areas.
CLSA, a prominent brokerage firm, has reshaped its Indian focus portfolio for 2025, prioritizing affordable consumption and defensive sectors. In response to global macroeconomic challenges and domestic uncertainties, the firm has scaled back its exposure to banking while emphasizing resilience in its investment strategy.
Four Kirloskar companies have appealed against SEBI's directive to disclose a family settlement deed from 2009. The companies argue this directive, tied to a long-standing family dispute, may unfairly bind them. They plan a legal challenge, emphasizing the ongoing feud among the Kirloskar siblings since 2016 over the group's assets.
Kerala Health Minister Veena George stated that the state government is closely monitoring the viral fever and respiratory infection outbreak in China. She assures that there is no need to panic and asks for extra caution, particularly from vulnerable groups. The National Centre for Disease Control is also monitoring the situation.
Income tax rebate u/s 87A: Following the Bombay High Court order to extend the revised and belated income tax return (ITR) deadline to January 15, 2025, CBDT has extended it. If you are eligible to claim section 87A tax rebate but prevented from claiming it in the original ITR then file a a revised return to get a tax refund for the excess tax paid in the original return.
Nomura analysts anticipate the demerger will unlock substantial shareholder value, allowing the newly formed company to concentrate on expanding in the luxury hospitality sector.
AEPC is requesting the government remove certain tax provisions and customs duties to support apparel exporters. They have also asked for an interest equalization rate and extension of tax benefits for new manufacturing units. Additionally, they want the e-commerce cap and export realization period increased to encourage growth in the sector.
A Malaysian man has been jailed for buying US$47,000 worth of Universal Studios Singapore tickets through credit card fraud. The 35-year-old received tokenised credit cards on his Apple Pay app that he used to purchase almost 800 Universal Studios Singapore tickets. The fraudster told the court he was guilty and hoped his actions did not result in major repercussions.
Bitcoin has proven to be a strong hedge during economic uncertainty and market downturns, offering stability when traditional markets falter. Its low correlation with equities, commodities, and bonds enhances portfolio diversification, making it a valuable asset for investors seeking to mitigate risk and improve overall returns in volatile economic environments.
Rajagopala Chidambaram, a key figure in India's nuclear weapons programme, passed away at 88. He contributed significantly to nuclear physics and rural empowerment through advanced technologies. Chidambaram played a crucial role in India's atomic tests at Pokhran and held numerous esteemed positions, shaping India's scientific landscape profoundly.