The government on Tuesday announced a new centrally-sponsored scheme for skilling 20 lakh youth over the next five years. The announcement was made by Finance Minister Nirmala Sitharaman in the Union Budget 2024-25. The minister said that model skilling loan scheme will be revised to facilitate loans up to Rs 7.5 lakh.
The rupee remains overvalued against the currencies of India's trading partners, even as it hit record lows against the dollar in August and September. According to the Reserve Bank of India's (RBI) real effective exchange rate (REER) index, the rupee stood at 5.5 per cent above its fair value in August, down from 7.7 per cent in July. This slight easing followed fears of a US recession and the unwinding of yen carry trades, which exerted pressure on the Indian currency.
With India overtaking China in terms of weightage in the Morgan Stanley emerging markets IMI, Indian equities could see inflows of about $4.5 billion (Rs 37,000 crore), according to estimates. This week, Morgan Stanley announced that India has overtaken China in the MSCI Emerging Markets Investable Market Index (MSCI EM IMI). The weight of India in MSCI EM IMI stood at 22.27 per cent compared to 21.58 per cent of China.
India along with New Zealand and Pakistan are in contention for the last remaining semi-final spot from Group A.
'A 20 per cent equity allocation to ESG funds is a good start.' 'As more evidence on ESG performance builds, investors may increase allocations.'
The Central Bureau of Investigation (CBI) will conduct a psychological assessment of Sanjay Roy, the accused in a rape-and-murder case of a doctor in Kolkata that has triggered nationwide protests, officials said on Saturday.
With PBG Bengaluru Smashers needing just one point to win the contest, USA paddler Lily Zhang beat Puneri Paltan's Yashini Sivashankar to get her team over the line.
Family members of a doctor, who was allegedly raped and murdered in Kolkata last month, joined the protesting medics at RG Kar hospital on Wednesday and accused the Kolkata Police of attempting to suppress the case by hurriedly cremating the body of the doctor.
Images from the Women's T20 World Cup match between India and Sri Lanka in Dubai on Wednesday.
Notably, the case was registered 19 days after the Madhya Pradesh high court ordered the police to dispose of the woman's complaint within 90 days after she alleged inaction by the police.
The Trinamool Congress Friday appointed former party MP Arpita Ghosh as its state general secretary, two days after the Rajya Sabha chairman accepted her resignation from the Upper House.
Chamari Athapaththu and Harshitha Samarawickrama smashed half-centuries as Sri Lanka stunned India by eight wickets in the final.
The complete list of players sold in the IPL 2025 Auction in Jeddah.
'Young investors should focus more on equity, while retired senior citizens should prioritise fixed income.' 'Mid-career investors should aim for a balanced allocation.'
Despite Banerjee's promise of a transparent investigation, the protesters criticised the delay, demanding a judicial inquiry, capital punishment for the culprits, and adequate compensation for the victim's family.
In the state capital Kolkata, civil society members marched from Ramlila Maidan in Moulali to Metro Channel in Esplanade, demanding justice for the victim of the crime that shook the conscience of the nation.
Harmanpreet, Shafali move up to tied 11th, Mandhana maintains 5th position
Chadha had last week filed a defamation suit against Ghosh for making a "false, baseless, indecent and derogatory statement "against her.
Skipper Sophie Devine was complemented well by her bowlers as a dominant New Zealand handed India a 58-run defeat in the Women's T20 World Cup in Dubai on Friday
The film-maker will be called for questioning in connection with the alleged seven-year-old incident.
Vijayan met Ghosh at Kerala House in New Delhi, expressed solidarity with their protest and also gifted her a book, 'Halla Bol: The Death and Life of Safdar Hashmi' by Sudhanva Deshpande. Ghosh had suffered head injuries during the January 5 attack on JNU students in the campus by a group of masked assailants.
Analysts are expecting pharmaceutical companies to post sales growth of 10-11 per cent in the second quarter this financial year while the Ebitda (earnings before interest, tax, depreciation, and amortisation) margins are anticipated to improve by about 110 basis points. Ebitda improvement will be led by lower input costs because prices of active pharmaceutical ingredients (APIs) are 5-15 per cent lower year-on-year (Y-o-Y). Axis Capital said sales growth would be around 10 per cent, of which growth in the India market would be 11 per cent or so.
The three senior officials of the RG Kar Medical College and Hospital (RGKMCH) were transferred to various state-run health facilities.
Tovino catches up with Suriya and Karthi... Malavika misses the wilderness...Shamita discovers a new passion...
The Group of Ministers (GoM) on goods and services tax (GST) rate rationalisation, which convened in Goa on Wednesday, reviewed the GST rates for over 100 items, including textiles, handloom goods, agricultural products, fertilisers, and educational materials. However, no consensus was reached on any of the items, with further discussions scheduled for next month in Delhi.
Agitating junior doctors in West Bengal continued their fast-unto-death for the third consecutive day on Monday, demanding justice for the rape and murder of a woman medic of the RG Kar hospital and workplace safety even as the state government remained silent to address their issues.
'How many jobs will be created when you complete your course?' 'How many people will compete with you?' 'What is the minimum and maximum salary you can expect?' 'Which are the companies that will offer you a job?' 'What skills do you have to develop?' 'How long will it sustain?'
The Bollywood Hungama OTT India Fest and India Entertainment Awards saw many winners, and the stars celebrate their wins on social media.
Most of the Sensex firms settled in the positive territory. Mahindra & Mahindra, Tata Motors, Tech Mahindra, JSW Steel, State Bank of India, HCL Technologies, Reliance Industries and Infosys were the biggest gainers. Kotak Mahindra Bank and Maruti were the laggards.
The hosts had to chase 125 in 14 overs under the DLS method to secure their first win of the series.
The combined wealth of India's dollar billionaires is now equivalent to 33.81 per cent of India's nominal GDP.
Sircar, a retired IAS officer, claimed that corruption by a section of leaders of his party and lack of action against them was one of the reasons for his decision.
IPOs worth Rs 50,000 crore including Hyundai, NTPC Green Energy and Swiggy are set to hit the market in late October or early November.
Partha Pratim Sengupta, who will be taking charge as the MD & CEO of Bandhan Bank in early November, has his task cut out. The Kolkata-based lender, which converted itself from a microfinance institution to a universal bank, is in its 10th year of operation. The bank was able to cut down the share of the micro loan book over these years.
'Credit card debt comes with high interest cost and stringent penalties.' 'If you do not repay on time, the costs balloon.'
Bangladesh will take on Scotland in the tournament opener in an afternoon fixture followed by a clash between Asian teams Pakistan and Sri Lanka later in the day at Sharjah.
On the eve of Durga Puja in October 2008, industrialist Ratan Tata announced that Tata Motors would withdraw from the nearly completed Nano car plant in Singur, attributing the decision to Mamata Banerjee's anti-land acquisition movement, which he claimed had derailed what was meant to be a "groundbreaking project" -- the world's cheapest car.
Banks have issued Rs 7.78 trillion worth of CDs in the current calendar year until August 2024, compared to Rs 4.9 trillion in the same period of 2023, registering a 59 per cent growth
Bandhan Bank's managing director (MD) and chief executive officer (CEO) Chandra Shekhar Ghosh (pictured), who has decided to step down, on Wednesday said the bank will need at least three months to identify his successor. He has also written to his employees, asking them "not to worry" over his surprise decision. "Whatever, our experience in the earlier selections, when we selected two executive directors on the basis of that experience we need a minimum three months of time for selection of candidates and then it will go to RBI and then whatever is the time taken by RBI for approval," Ghosh said.
Price of international crude oil - the raw material for making petrol and diesel - dropped to a three-year low before marginally recovering but a revision in domestic petrol and diesel rates is likely only if lower rates are sustained, industry sources and officials said. Global oil benchmark Brent crude futures fell below $70 per barrel on Tuesday - the first time since December 2021 - but gained thereafter after Hurricane Francine hit crude supply in the Gulf of Mexico. Brent rose above $71 a barrel on Thursday while West Texas Intermediate advanced to trade near $68.
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