Wholesale price based inflation declined to a 3-month low of 1.89 per cent in November on cheaper food items, and experts predicted a 0.25 per cent interest rate cut by the RBI in the policy review in February. The Wholesale Price Index (WPI) based inflation was 2.36 per cent in October 2024. It was 0.39 per cent in November, last year. In August, 2024, it was 1.25 per cent.
Two cheetah cubs born to African cheetah Neerva were found dead and their mutilated carcasses were recovered at the Kuno National Park (KNP) in Sheopur district of Madhya Pradesh. The carcasses of the two newborns will be cremated on Thursday as per norms. Samples from the dead cubs were collected and sent for examination and the exact cause of their death will be known only after getting the lab report. All adult cheetahs, including Neerva, and the rest of the 12 cubs at the Kuno park are healthy, the official said. With 12 of those cubs surviving, the count of cheetahs at KNP was last reported to be 24.
According to Tirupati district superintendent of police L Subbarayudu, Nagaraju (24), who is the victim's maternal uncle, lured the girl to a secluded place in AM Puram village by offering her snacks on Friday evening and committed the crime.
'Before you work on your business plan, before you build your team, you should have a clear idea about what your product is, who your customer is, how valuable the product is, and whether the market is deep and wide.'
Raj Kumar Pal struck a hat-trick
Uttam Ghosh offers his take on the current state of Indian democracy.
The ruling Mahayuti alliance bagged 53 of the 70 assembly seats in the region.
Uttam Ghosh offers his take on Prime Minister Narendra Damodardas Modi's sudden decision to repeal the three farm laws.
Analysts are warning of growing risks to the market's sustained momentum, and even to the possibility of consolidation at current levels. Domestically, markets are grappling with several challenges, including a slowing economy, as indicated by the latest GDP data for the July-September (Q2) quarter of 2024-25 (FY25), sticky inflation, fluctuations in the rupee, waning consumption, and high interest rates.
NCP (SP) chief Sharad Pawar has thrown his weight behind villagers in Solapur, Maharashtra, who are demanding a repoll using ballot papers after raising doubts about the accuracy of Electronic Voting Machines (EVMs). Pawar met with villagers in Markadwadi, where a police case was filed against over 200 people for attempting to conduct an unauthorized re-election. He expressed support for their concerns, claiming that the villagers were "the ones who thought of conducting polls using ballot papers." Pawar criticized the police action, calling it a restriction on the villagers' right to assemble and vowing to raise the issue with the Chief Minister, the state Chief Electoral Officer, the Prime Minister, and the Election Commission of India.
offers his take on the constantly zooming fuel prices in the country.
Bank credit growth is expected to moderate this financial year after a robust 16 per cent estimated for last financial year, driven by strong economic activity and retail credit demand. There are three reasons for this: a statistical high-base effect given the strong growth seen last financial year, revision in risk weights by the Reserve Bank of India (RBI), and relatively slower economic activity.
Finance ministers of states demanded an increase in allocation under 50-year interest-free loan scheme, while fiscally stressed states like Punjab and Kerala pitched for a special package and borrowing flexibility, sources said on Friday. In a pre-budget meeting with Union Finance Minister Nirmala Sitharaman, states have also urged for higher borrowing limits to support fiscal activities, besides additional funds for Jal Jeevan Mission.
Dalal Street minnows stole the show in 2024, giving handsome returns to investors, helped by a largely optimistic trend in the stock market and impressive retail investors' participation. Analysts attributed the positive trend in the equity markets, where the benchmark indices shattered many records this year, to robust domestic liquidity, strong fundamentals of the Indian economy, and policy continuity.
While liquidity in the banking system has turned surplus in the last few weeks, it could go back to deficit again, mainly due to corporate advance tax outflows. The net liquidity surplus of the banking system rose to touch Rs 1 trillion on Tuesday on the back of government spending, according to the data released by the Reserve Bank of India.
Trading activity of foreign investors and global trends will be the major driving factors for the equity markets in a holiday-shortened week ahead, according to analysts. Leading stock exchanges BSE and NSE have declared a trading holiday on November 20 for assembly elections in Maharashtra. Elections to the 288-member state legislative assembly will be held on November 20, and votes will be counted on November 23.
Infrastructure bond issuances by commercial banks in the current financial year (FY25) are likely to surpass Rs 1 trillion, almost double that of FY24, market participants said. So far this financial year, banks have raised Rs 74,256 crore via infra bonds. In FY24, the total issuances stood at around Rs 51,081 crore.
Public sector banks (PSBs) have proposed the Finance Ministry their plan to raise Rs 54,800 crore through Additional Tier-1 (AT-1) and Tier-2 bonds in the current financial year (FY25), 37 per cent more than the Rs 39,880 crore raised in FY24
The Indian market remains an attractive place to do business for the nation's entrepreneurs, with 75 per cent of them operating domestically.
Flipkart-backed super.money is on an expansion spree and plans to expand its range of offerings in credit and wealth management after launching its operations in July this year. The Bengaluru-based fintech company is on track to roll out credit products such as credit on Unified Payments Interface (UPI), unsecured credit cards, and personal loans within the first half of the next calendar year (2025).
Uttam Ghosh offers his take on the plight of the protesting farmers and the government's priorities.
Uttam Ghosh wonders if the farmers's concerns will be addressed now that the BJP has embarked on Mission Bengal.
'Consider your household's financial health and all your other goals.' 'Buying a house might seem like an urgent goal, but it is rarely the only one.'
rediffGURU Ulhas Joshi answers your mutual fund queries.
Uttam Ghosh offers his take on the Trinamool Congress vanquishing the Bharatiya Janata Party in Bengal.
Uttam Ghosh offers his take on the exit polls against the backdrop of increasing crude oil prices.
Uttam Ghosh offers his take on the uncertainty surrounding the outcome of the US poll presidential election.
Uttam Ghosh offers his take on democracy in the Modi era and the prime minister's Rs 200 billion dream.
The rupee tumbled 3 per cent against the US dollar in 2024 as concerns over slower economic growth and a stronger greenback in global markets weighed, but it was among the least volatile currencies in the world and the headwinds may be less intense in the coming year.
Global factors and FII activity will dictate trends in domestic equity markets this week while assembly poll results of Maharashtra and Jharkhand may impact stocks on Monday, say analysts. Stock markets witnessed a spirited recovery on Friday with benchmark Sensex and Nifty notching the best single-day gains in more than five months and offering relief after weeks of correction.
'Obesity, especially central obesity and increased visceral fat due to physical inactivity, along with the consumption of high-calorie, high-fat, and high-sugar diets, are major contributing factors.'
Unprecedented bribery charges, farewells, separation, failed union, monumental mergers and record-breaking IPOs, along with a healthy dose of online happenings in the form of spat and lessons in customer care, corporate India saw it all in 2024.
The gig economy market is expected to grow at a compound annual growth rate (CAGR) of 17 per cent to reach a gross volume of $455 billion by the end of 2024, according to a white paper by The Forum for Progressive Gig Workers. Estimates suggest the gig economy has the potential to create 90 million jobs and add 1.25 per cent to India's GDP (gross domestic product) over time.
Credit card spending reached Rs 2 trillion in October, a 14.5 per cent rise from September, largely driven by festival season purchases. However, the volume of outstanding credit cards increased only marginally during the same period. The spike in spending comes at a time when nearly all major credit card issuers are calibrating their growth in the segment due to visible signs of stress.
Uttam Ghosh offers his take on Health Minister Harsh Vardhan's statement that India is better prepared in 2021 to handle COVID-19.
As regards mid-caps and small-caps, analysts suggest investors buy only those stocks of those companies where there is earnings visibility for at least a few quarters and where the valuations have become reasonable.
the largest transactions of the year include the merger of Quality Care India and Aster DM Healthcare valued at $5.08 billion, followed by Bharti Enterprises' acquisition of a 24.5 per cent stake in the BT Group at $4.08 billion, and a family settlement transaction in the Godrej family at $3.5 billion.
A group of villagers in Maharashtra's Malshiras assembly segment, who had insisted on a "re-election" with ballot papers, have relented after police intervention. The villagers, who claimed the NCP (SP) candidate, Uttam Jankar, had polled less votes in their village than the BJP candidate, Ram Satpute, had planned to hold their own "repoll" on December 3. However, police warned them of legal action, and Jankar, along with police officials, had a meeting with the villagers, who ultimately decided to drop their plan. Despite this, they plan to continue their protest by other means.