State-owned NBCC (India) Ltd has secured a Rs 3,500-crore order to develop a mixed-use project in Lucknow. Through a Memorandum of Understanding with Sarkari Awas Nirman Avam Vitt Nigam Ltd, NBCC will manage the planning, design, and development of the initial 50-acre phase of the 588-acre Poorvi Vihar project as the Project Management Consultant.
The NSE Nifty index closed 345.55 points down at 23085.95
India has emerged as one of the top 25 global arms exporters, experiencing significant growth in indigenous defence production. The country achieved a record-high defence production value of Rs 1.27 lakh crore in 2023-24 and defence exports of Rs 21,083 crore, supported by robust policies and investments.
Atlas Cycles, Univastu India, ARSS Infra, Bharatiya Global Infomedia and Indo Thai Sec, hit their fresh 52-week highs during the day.
Vice President and Rajya Sabha Chairman Jagdeep Dhankhar expressed sadness that no member of Parliament claimed a wad of Rs 500 notes found last month in the Rajya Sabha. This was during the winter session. Dhankhar termed it a collective challenge to ethical standards and highlighted the historical absence of an ethics committee in Rajya Sabha until the late 1990s.
The Maha Kumbh 2025 starts in Prayagraj, Uttar Pradesh, drawing millions of devotees.
India will not allow oil tankers sanctioned by the US for transporting Russian cargoes to discharge. This follows aggressive new sanctions by the US on Russia's energy trade. India is negotiating supply deals with Middle East suppliers and examining the implications of sanctions on the Vostok oil project. Indian banks will require certificates to ensure compliance.
A Bengaluru man discovered a live worm in his salad ordered from Fresh Menu through Zomato. The incident, shared on Instagram, raises concerns about food safety and hygiene standards. Fresh Menu quickly apologized and initiated disciplinary actions. Many users shared similar experiences, advocating for home-cooked food. The incident highlights the importance of checking food before consumption.
ICICI Prudential Mutual Fund's CIO S Naren warns retail investors against SME IPOs, describing them as the most dangerous market segment due to quality concerns. As Sebi tightens regulations, the Indian rupee hits an all-time low amidst a dollar surge. Naren advocates investment in largecap stocks over small and midcaps, citing superior performance.
Canada 51st state row: US President-elect Donald Trump been vocal about his plans to take charge of Canada and make it the 51st US state. As the row escalated after Prime Minister Justin Trudeau's resignation, his ex-ally and Khalistani supporter Jagmeet Singh has a message for Trump. Singh posted a video on X saying: Our country is not for sale.
Aragen, a contract research, development, and manufacturing organisation, has secured a USD 100 million investment from private equity fund Quadria Capital. This investment results in Quadria acquiring a minority stake in Aragen. The funding will help Aragen expand its capabilities and infrastructure to meet the growing demand for outsourcing services from innovators in the US and Europe.
Noida International Airport will launch soon, but connectivity remains a concern. Multiple transport projects are in the pipeline, but their completion will take time. Currently, plans include a taxi service, a new city bus service, and a rapid rail corridor by 2030. Authorities must ensure efficient transport options to attract passengers.
Major stocks fell sharply, led by Waaree Renewable (-20%), Just Dial (-13.6%), and Adani Wilmar (-10%), reflecting corporate developments and broader market weakness.
Goldman Sachs expects India's FY25 fiscal deficit target of 4.9% of GDP to be met, aided by strong tax revenues and reduced capital expenditure. FY26 priorities include welfare spending and fiscal consolidation to stabilize public debt.
Apart from services through Paytm UPI, UPI Lite and card payments, the fintech has also launched the 'Bhavya Mahakumbh QR' for its merchant partners. Additionally, pilgrims can also link their Rupay credit card on the Paytm app to make card payments directly through their phones.
Adani Ent., Trent, BPCL, BEL and Adani Ports SEZ were among the top losers on NSE in today's trade.
8 superfoods to boost your brain power and improve memory
Youngsters eyeing government jobs should stay updated on major exams for opportunities in sectors like civil services, banking, and railways. Key exams in 2025 include UPSC, SSC CGL, IBPS PO, RBI Grade B, and RRB NTPC. Each exam has specific eligibility criteria and unique structures, requiring thorough preparation and awareness of important dates.
Nvidia, has considerably increased its investments in startups, especially in the AI space. According to PitchBook data, last year alone, the company participated in 49 funding rounds for AI firms, up from 34 in 2023. IWhen comparing the funding by rival tech players, Alphabet leads with 73 deals, followed by Microsoft with 40 deals. However, Nvidia has surpassed both, with 83 deals.
India does not expect disruptions in Russian oil supply for the next two months. U.S.-sanctioned tankers can discharge crude until March. Russia may offer deeper discounts to comply with the $60 per barrel price cap. Global Brent crude futures rose above $81 a barrel on Monday due to expected supply disruptions.