Amitava Chatterjee is the new CEO of J&K Bank. He joins other SBI veterans now leading various banks in India. This trend showcases the trust and confidence in SBI's managerial talent. RBI often selects SBI officials to stabilize operations at banks facing issues. These appointments reflect the diverse experience and large-scale operations expertise of SBI executives.
The WHO has assured that the spread of human metapneumovirus in China is not alarming. Current hospital utilization rates are lower than last year. Seasonal influenza is the most common infection. WHO emphasized that HMPV is a known virus and infections are expected during winter. Simple measures can help prevent the spread.
Banks and primary dealers urge the Reserve Bank of India (RBI) to inject liquidity through foreign exchange swaps or OMOs in the upcoming policy meeting on February 7. The aim is to ease system liquidity deficit and high forward premiums affecting short-term borrowing costs and importers.
CII president Sanjiv Puri suggests a 25% increase in government capital expenditure and personal income tax relief to stimulate growth. He emphasizes the importance of continued investment in public capex for economic competitiveness and warns against excessive fiscal tightening that could hinder investments. CII also advocates focusing on agriculture, private investment, and rural industrialization.
Amazon and Microsoft saw some great surge in the year 2024, backed by the epic bull run at the US stock market, especially in the filed of technology. But, who will get the edge in 2025? Here' what we know
Registrations of new insolvency professionals have been steadily decreasing since 2017-18, causing challenges for authorities in resolving stressed firms. Just 77 professionals registered in the first half of this fiscal. Inadequate compensation and fears of investigation are key reasons. The number of active professionals may seem adequate now but could pose issues if bad loans rise.
Donald Trump suggested that Canada should merge with the US as the 51st state, proposing economic pressure rather than invasion. This idea hints at Trump's potentially Democratic leanings and could impact US politics by adding a left-leaning voter base to the states, potentially benefiting the Democratic Party.
Maya and Leah Tata, daughters of Noel Tata, have joined the Sir Ratan Tata Industrial Institute board of trustees. They replace Arnaz Kotwal and Freddy Talati. This induction is to ensure local involvement in the institute's revamping. Maya and Leah hold key positions in Tata group companies and this move aims to prepare them for larger roles in the future.
US President-elect Donald Trump's inauguration day is scheduled on January 20.
Congress has criticized the government's handling of the economy, highlighting a low GDP forecast for FY25. It has called for radical actions in the upcoming budget to address the growth slowdown and investment issues. They emphasized the need for income support for the poor, higher wages, increased MSPs, and simplification of the GST regime.
The government plans to reassess power generation capacity through FY26 and FY27, considering energy storage systems to address peak power demands. With projected peak demands during solar hours likely to be met comfortably, there will be challenges for non-solar peak demand, necessitating additional capacities in thermal, nuclear, and storage systems.
In a shocking legal turn, Ann Altman, sister of OpenAI CEO Sam Altman, has filed a lawsuit alleging sexual abuse by her brother over a span of nine years.
Reflect on the present moment's preciousness and the illusionary nature of future expectations. True happiness comes from the way you approach life. Embrace surprises and let go of rigid desires for true joy. Actively participate in life, creating moments filled with knowledge and joy. Greet each new day with enthusiasm, knowing you are the architect of your happiness.
A parliamentary panel on 'one nation one poll' saw participation from both BJP and Opposition MPs, who questioned the potential impact on federalism, state legislatures, and costs. The bills propose simultaneous polls to boost growth and reduce election-related expenditure, but concerns about democratic rights and regional party representation were raised.
Trump, who takes office on Jan. 20, also floated the idea of turning Canada into a US state, said he would demand far higher defense spending from NATO allies and promised to change the name of the Gulf of Mexico to the Gulf of America.
The Supreme Court may address the pleas challenging the constitutionality of the Chief Election Commissioner and Election Commissioners Act, 2023, on February 4. This new law removed the Chief Justice of India from the selection panel for appointing election commissioners. There is urgency as the Chief Election Commissioner is retiring in February.
Regulators evaluate new regulations through potential errors and cost-benefit analyses. They rely on expert opinions and public comments. Current laws, particularly those against fraud and insider trading, often cause both errors and suffer from prolixity. Simplifying and refining these laws could enhance justice and improve the ease of doing business in India.
The Indian government is planning to introduce incentives for organic and natural farming to boost organic exports. The initiative aims to cover potential losses for farmers and address concerns related to pesticide residue norms in developed markets. The revised Agriculture Export Policy seeks to double organic exports to $1 billion by FY26.
The Los Angeles wildfires have ravaged Pacific Palisades, affecting A-list celebrities. Many people have evacuated their homes, expressing gratitude to first responders and providing updates on their safety.
Four cows were found dead at a gaushala in Bareilly's Aonla, causing protests by local right-wing organisations. District Magistrate Ravindra Kumar discovered deficiencies at the shelter, including poor winter arrangements and lack of green fodder. An investigation has been ordered, and strict action is to be taken against those found negligent.
AI stocks are showing some amazing surges over the past couple of years, and this trend is being seen in the initial few days of 2025 as well. There are a few new AI stocks on the horizon that are now showing projections of amazing returns. Here are some insights into them
BJP is preparing for a major leadership transition, set to include a new president by January-end and changes at state levels. This reorganisation aims to infuse new energy and strengthen the party. A mid-year Cabinet reshuffle is likely. The party is also focusing on youth participation in politics for a developed India.
The Bombay High Court granted bail to Rona Wilson and Sudhir Dhawale in the Elgar Parishad-Maoist links case after they had spent over six years in jail without the trial starting. The court cited the lengthy witness list and delays in framing charges. While on bail, both must surrender their passports and cannot leave the city.
The rise in import duties, which comes on top of a separate policy last October to reduce tax rebates on fuel oil shipments, will further crimp margins for China's refining sector that has been reeling from lacklustre margins since last year.