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RBI Holds Off on Rate Cuts Despite Inflation Cooling: Report

30 Oct 2024 17:33 PM IST

“Inflation must stabilize close to the RBI’s 4% target before considering rate adjustments,” noted Ind-Ra’s Chief Economist Devendra Kumar Pant.

MRF Ltd No Longer the Most Expensive Stock: Check Out the Top Stock Prices

30 Oct 2024 15:07 PM IST

If you think MRF Ltd has the highest-priced shares in the Indian stock market, you might be mistaken. The tyre manufacturer, valued at Rs 1.2 lakh per share, has been surpassed by a microcap stock that is nearly double its price as of Tuesday. Interestingly, this stock was just a

RBI’s Dhanteras Gift: Brings Home 102 Tonnes Of Gold From Bank Of England

30 Oct 2024 12:54 PM IST

The Reserve Bank of India (RBI) has recently moved 102 tonnes of gold from the Bank of England’s vaults to secure facilities in India, emphasizing the central bank’s preference for keeping valuable assets closer to home. Since September 2022, India has repatriated a total of 214 tonnes of gold, reflecting

J&J’s $8.2B Baby Powder Settlement Faces Fierce Court Battle

30 Oct 2024 03:30 AM IST

Johnson & Johnson’s attempt to resolve thousands of cancer lawsuits with an $8.2 billion settlement faces scrutiny in court. Allegations of vote manipulation add to the drama as the high-stakes January trial approaches.

Tata Power Renewable Energy and IndusInd Bank Partner to Offer Collateral-Free Solar Financing for MSEs

29 Oct 2024 16:24 PM IST

In a significant move to support the green energy transition among Micro and Small Enterprises (MSEs), Tata Power Renewable Energy Ltd (TPREL) announced a partnership with IndusInd Bank to offer accessible and affordable financing for solar installations. The collaboration enables MSEs to obtain collateral-free loans ranging from ₹10 lakh to

Apple Shifts $6 Billion in iPhone Production to India, Reduces Dependence on China

29 Oct 2024 16:07 PM IST

In a strategic shift away from China, Apple Inc. increased its iPhone exports from India by a third in the six months through September, achieving close to $6 billion in India-made iPhone exports. The annual export figure is expected to surpass $10 billion for fiscal 2024, according to sources. Manufacturing

Gold Prices For Dhanteras 2024: Prices Hit Rs 78,804, Marking A 0.3% Rise

29 Oct 2024 13:36 PM IST

As Dhanteras 2024 unfolds, gold prices have seen a notable uptick, rising by 0.3% or ₹238 to reach ₹78,804 per 10 grams for 24K gold futures dated December 5. This increase comes in the wake of Dhanteras, a significant occasion in Hindu culture when the purchasing of precious metals is

Wealth Management Firms to Boost AI Budgets, Finds Wipro Survey

28 Oct 2024 20:24 PM IST

Wealth management firms are set to significantly increase their AI investments, as revealed in Wipro’s recent report titled, AI in Wealth Management: Navigating an Evolving Data-Driven Landscape. The report, based on a survey of 100 executives in the U.S., indicates that wealth management firms will more than double their AI

Adani Power Reports 29% Surge in Power Sale Volume for H1 FY25

28 Oct 2024 17:10 PM IST

Adani Power has announced a significant increase in its consolidated power sale volume, reaching 46 billion units in the first half of the fiscal year 2024-25, marking a 29.2% rise from 35.6 billion units during the same period last year. This growth can be attributed to a surge in power

Raymond Chairman Gautam Singhania Slams Lamborghini India; ‘Complete Electric Failure’, ‘No Response’

28 Oct 2024 16:29 PM IST

"Despite my loyalty, Lamborghini’s India and Asia leadership failed to address concerns about the Revuelto’s reliability," said Singhania.

PM Modi to Distribute 51,000 Appointment Letters at Rozgar Mela on October 29

28 Oct 2024 16:03 PM IST

Prime Minister Narendra Modi is set to distribute over 51,000 appointment letters to newly recruited youth on October 29 at 10:30 am through a virtual event. The initiative underscores the Prime Minister’s focus on employment generation, with Modi also expected to address the recruits during the occasion. Rozgar Mela: Strengthening

Rules for Noida Apartment Registration: Tripartite Agreement Now Mandatory

28 Oct 2024 15:08 PM IST

In a move to safeguard homebuyers in Noida, the Noida Authority has implemented a new regulation requiring a tripartite “sale agreement” between the buyer, builder, and Noida Authority. This agreement must be registered once the buyer pays 10% of the property’s cost, providing an added layer of transparency and security.