– By Manish Bandlish India commemorates National Milk Day in tribute to Dr. Verghese Kurien, the progenitor of the White Revolution, and to acknowledge the indefatigable contributions of the nation’s agriculturists. As of 2024, owing to Dr. Kurien’s prescient stewardship and the relentless diligence of these farmers, India retains its stature as the preeminent milk
Essar Group’s co-founder Shashikant Ruia died on November 25 after a prolonged illness. He was 81 years old. His mortal remains will be kept at Ruia House from 1 pm to 3 pm on Tuesday and the funeral procession will leave from Ruia House at 4 pm towards the Hindu Worli Crematorium. In an official
Foreign Institutional Investors (FIIs) turned net buyers in the equity markets on Monday, November 25, purchasing Rs 9,947.55 crore worth of equities (provisional data). This marked a significant shift, ending a streak of 38 consecutive sessions of net selling, providing a much-needed boost to the market sentiment. FII and DII Trading Activity In contrast, Domestic
Shares of food and grocery delivery company Zomato rose 1.83% on Tuesday, reaching an intra-day high of Rs 278 on the NSE, as the company opened its Qualified Institutional Placement (QIP). The firm has set a floor price of Rs 265.91 per share, with an indicative price of Rs 252.62 per share. The indicative price
Shares of Vodafone Idea (VIL) rallied over 14% in Tuesday’s trade, hitting a high of Rs 8 per share, after the Union Cabinet approved waiving bank guarantees (BG) required for telecom operators to secure spectrum purchases up to 2022. The announcement also gave a modest boost to Bharti Airtel, which saw its shares rise by
In case of treatment in an emergency at a non-empaneled hospital or when expenses are incurred at an empaneled hospital, the beneficiary must submit a Medical Reimbursement Claim (MRC) to get reimbursed, according to rules framed by the government for the Central Government Health Scheme (CGHS). Submission of reimbursement claim Serving employees are required to
Gold and silver prices fell sharply as geopolitical tensions in West Asia eased, which didn’t help precious metals to extend the rally. The fall in gold prices can bring some relief to retail buyers after rising continuously last week. “Gold witnessed a sharp decline of more than Rs 1000 below 76500, as the war premium
It’s another action-packed week for the primary market. The listing of the much-awaited NTPC Green Energy IPO is scheduled for November 27, which will be followed by Enviro Infra Engineering on November 29 after the IPO closes on November 26. However, there are no new IPO launches in the mainboard segment this week. The SME
After acquiring Allianz’s 26% stake in Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance for Rs 24,180 crore, Bajaj Finserv is planning to explore listing of its insurance ventures. Sanjiv Bajaj, chairman and managing director of Bajaj Finserv, said there was a regulatory nudge for listing of larger insurance companies. The boards of the
The Competition Commission of India (CCI) on Tuesday raided the offices of media agencies, including GroupM, Dentsu and IPG Mediabrands, as well as the Indian Broadcasting and Digital Foundation (IBDF), an apex body of broadcasters, over alleged fixing of ad rates and discounts, industry sources told FE. The action comes ahead of the 18th edition
After over a week of consolidation, Tuesday was a breakout day for the benchmark indices, which clocked around 1.5% growth on the back of good news on both global and domestic fronts. While the softer-than-expected US retail sales data fuelled hopes globally that the Federal Reserve could consider rate cuts, India’s lowest trade deficit in
By Ankit Mandholia The withdrawal of foreign portfolio investors (FPIs) from Indian markets is driven by a complex interplay of global economic trends, geopolitical uncertainties, monetary policies, and domestic factors. Since sustained outflows could pose challenges to market stability, it is important to ensure that there is macroeconomic stability to enhance the competitiveness of Indian
The market scenario can change completely in just a few months. Till September 2024, the Indian stock market was making new records every day. But since then, the situation has changed. Nifty 50 is down by about 14% from its peak. Similarly, the Nifty Midcap 100 has fallen by more than 18% in the last
