According to SEBI’s release, companies with a market capitalisation...
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FinMin for creation of two globally competitive banks as part of Viksit Bharat vision
The issue of globally competitive banks was deliberated during the...
Fossil-Fuel Demand: Myth of peak is crumbling
For now, the world isn’t performing an “energy transition” but an...
Reinsurance: Jan 1 renewals see favourable market conditions
David Howden, founder & CEO, Howden Headwinds are nevertheless likely to persist into 2024. Expectations are for modest economic growth across advanced economies. Inflation volatility, climate change, the net-zero transition, civil unrest and war, can be more...
Why truck-bus-tanker drivers are up in arms against new law for hit-and-run cases?
There's a lack of consensus, with some arguing that over-speeding alone is not rash driving. The criteria for rash and negligent driving remain arbitrary and unclear, advocate Shashank Dewan New Delhi: With nation-wide strikes by truck drivers entering the second day...
Global shipping firms continue to pause Red Sea shipments
The Suez Canal is used by roughly one third of global container ship cargo. Redirecting ships around the southern tip of Africa is expected to cost up to $1 million in extra in fuel for every round trip between Asia and northern Europe Denmark's Maersk and German...
Truckers’ strike: AIMTC says govt assures discussion on new accident law; urges drivers to end protest
Under the Bharatiya Nyaya Sanhita (BNS), set to replace the Indian Penal Code, drivers who cause serious road accidents due to negligent driving and run away without informing authorities face up to 10 years in prison or a fine of Rs 7 lakh Mumbai/ New Delhi:...
Gold expected to move much higher in 2024
"We expect an eventual rise to USD 2,400 in 2024, and if the rupee is to be stable, gold is likely to reach around Rs 70,000 levels. As India faces elections, the rupee could weaken as Foreign Institutional Investors (FIIs) are expected to lighten up their portfolios,...
Social media firms gained USD 11 billion in ads from under-18 users’ engagement in 2022, finds study
The researchers said that while these social media giants may claim to be able to self-regulate their practices in reducing harm to young people, they are yet to do so. Social media giants like Instagram, X (formerly Twitter) and Snapchat collectively gained nearly...
196 JN.1 corona variant cases detected in India so far, Kerala tops with 83
Ten states and Union territories have so far detected the presence of the JN.1 sub-variant of the virus New Delhi: A total of 196 cases of COVID-19 sub-variant JN.1 have been detected in the country so far, with Odisha joining the list of states that have detected the...
Bengal govt fears flash-floods in Sikkim changed Teesta River’s trajectory in north Bengal
Apprehending that this frequent change in trajectory might impact the economic structure of the hills and plains of north Bengal to a great extent in the coming days, the irrigation department has decided to conduct a thorough “morphology survey” of the river Kolkata:...
LIC receives GST notice for Rs 806 crore
LIC will file an appeal before the Commissioner (Appeals), Mumbai, against the said order within the prescribed timeline. The total includes GST worth Rs 365.02 crore, penalty of Rs 404.7 crore and interest of Rs 36.5 crore New Delhi: The Life Insurance Corporation of...
FPIs inject Rs 1.7 trn into Indian equities in 2023, uptick in flows in Dec
The year 2023 has witnessed massive investment by FPIs, thanks to the sharp uptick in inflows of Rs 66,134 crore in December. Going forward, FPI flows are expected to be robust. However, their allocation is likely to be selective, said Kislay Upadhyay - smallcase...