- Business
- December 31, 2024
Indian Households Have ‘Relatively Low’ Debt – RBI Data
The Reserve Bank of India (RBI) has highlighted that while household debt in India has been on the rise over the past three years, it remains relatively low compared to other emerging market economies (EMEs). India’s Household Debt It said, “At 42.9 per cent of GDP (at current market prices) in June 2024, India’s household debt is relatively low compared to other EMEs,…
- Business
- December 30, 2024
‘Verified’ Names To Get Displayed In RTGS, NEFT: RBI
Gone are the days when one would wonder if they have entered the correct name of recipient, or IFSC code while making an RTGS or NEFT transaction. In a recent notification, the Reserve bank of India (RBI) has said that it has introduced the beneficiary bank account name look-up facility for Real Time Gross Settlement (RTGS) and National Electronic Funds Transfer (NEFT) systems.…
- Business
- December 30, 2024
BREAKING: Adani Ent to Fully Exit Adani Wilmar – Details
Billionaire Gautam Adani-led Adani Enterprises is all set to fully exit Adani Wilmar. In an exchange filing the company said that it will sell the stake in Adani Wilmar Ltd to achieve minimum public shareholding requirements. Wilmar International has agreed to acquire ~31% held by AEL in Adani Wilmar Ltd. With this move, Adani Enterprises Limited will fully exit the Adani Wilmar platform. …
- Business
- December 30, 2024
SpaceDx ISRO Mission Launch Date And Time: Details Here
The Indian Space Research Organisation (ISRO) will launch its year-end mission, the “Space Docking Experiment” (SpaDeX), on Monday, 30th December, 2024, said the organisation. The mission will be launched precisely at 10:00:15 pm from the Satish Dhawan Space Centre in Sriharikota, Andhra Pradesh. SpaDeX: Launch Time “Tonight at precisely 10:00:15 PM, PSLV-C60 with SpaDeX and innovative payloads are set for liftoff. SpaDeX (Space…
- Business
- December 30, 2024
‘Achievements Abroad Won’t Do…’ Zoho CEO Sridhar Vembu’s Advice To Indian Entrepreneurs
Sridhar Vembu, CEO of Zoho Corporation, has urged Indian businesses and entrepreneurs to embrace self-reliance and prioritise indigenous innovation. Highlighting the need to develop technologies tailored to India’s unique requirements, Vembu advocated reducing dependence on foreign products and services. In a recent post on X, Vembu underlined the role of harnessing India’s talent to drive this transformation. “To earn true respect in the…
- Business
- December 30, 2024
India’s Current Account Deficit For 2025 To Fluctuate? Here’s What Industry Report Says
India’s Current Account Deficit (CAD) is expected to remain at 1.1 per cent of the Gross Domestic Product (GDP) in the financial year 2024-25 (FY25), according to a report by ICICI Bank. The report highlighted significant changes in the country’s external position in recent months, driven by a widening trade deficit and foreign portfolio investment (FPI) outflows. India’s CAD: Findings The ICICI report…
- Business
- December 30, 2024
Senores Pharmaceuticals D-Street Debut: Check Listing Price Gains Here
Senores Pharmaceuticals shares debuted strongly on the NSE today, listing at Rs 600 per share, a premium of over 53 per cent against the IPO price of Rs 391. The strong listing highlights the overwhelming demand seen during the IPO, which was subscribed 93.41 times. The Ahmedabad-based pharmaceutical company raised Rs 582.11 crore through its IPO, which included a fresh issue worth Rs…
- Business
- December 30, 2024
Reliance Power Share Price Today: Rs 3760 Cr Loan For Anil Ambani’s Company – Details
Reliance Power is the key stock to watch out for today, as the company announced financing from Maharashtra Power Finance Corporation Limited (PFC) on Friday. The company announced that its subsidiary, Rosa Power Supply Company Limited, has secured a substantial Rs 3,760 crore rupee term loan facility. The definitive agreement for the loan was signed on December 27, 2024, with Power Finance Corporation…
- Business
- December 29, 2024
South Korea Place Crash: 47 Dead; Tragic Second Crash This Month – What Exactly Happened?
A Jeju Air flight from Bangkok ended in disaster at Muan International Airport on Sunday morning, leaving 47 confirmed dead and over 130 still unaccounted for. The Boeing 737-800 crashed during an emergency landing attempt, marking South Korea’s second aviation tragedy this month. Timeline of events At approximately 9:07 a.m. local time, the aircraft made a second attempt to land after a failed…
- Business
- December 28, 2024
‘Not Worth It’: Zoho CEO Sridhar Vembu Reignites 70-Hour Workweek Debate, Warns of ‘Demographic Suicide’
New Delhi: Rejecting the idea of a 70-hour workweek, Zoho CEO Sridhar Vembu has warned that such a work culture can lead India towards “demographic suicide” along the lines of certain Asian countries. Vembu said India does not need to replicate the model through which China achieved economic success. ‘Need Not Replicate China’s Economic Success’ In a post on X, Vembu posed two…
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