In the run-up to the Budget 2025-26, the India Cellular and Electronics Association (ICEA) has urged the government to simplify the tariff structure and sought a reduction in duties on electronics parts and components used in mobile phones, television sets, hearables, and car displays. In a letter to the finance ministry, ICEA said India’s current
Easy Trip Planners, the parent company of online travel booking platform EaseMyTrip, announced the resignation of its CEO Nishant Pitti on Wednesday, adding that Pitti was stepping down for personal reasons. Nishant’s brother and the company’s CFO, Rikant Pittie, has been appointed the new CEO, effective January 1. The announcement came a day after Nishant
Viacom18 Media, a media and entertainment company, has become a direct subsidiary of Reliance Industries (RIL). This shift follows the conversion of over 24.61 crore compulsorily convertible preference shares (CCPS) into an equivalent number of equity shares. On December 30, Reliance Industries converted 24,61,33,682 CCPS into an equivalent number of equity shares, following approval from
The quick commerce industry in India is set to rival traditional e-commerce giants like Amazon and Flipkart by 2025, according to Aadit Palicha, co-founder and CEO of Zepto. In a LinkedIn post shared on New Year’s Eve, Palicha forecasted that quick commerce will hit a scale comparable to e-commerce in just over a year, following
Acronis, a global cybersecurity and data protection play, is keen about strengthening its India business. The focus is on the company’s strong growth in India and its advancements in providing cybersecurity solutions tailored to address AI-driven threats. Acronis aims to increase awareness of its commitment to India and targets at least 48% growth in data
Entities under Atul and Rahul Kirloskar’s control – Kirloskar Oil Engines (KOEL), Kirloskar Industries (KIL), Kirloskar Pneumatic (KPCL), and Kirloskar Ferrous (KFL) – are gearing up for a legal battle against a Securities and Exchange Board of India (SEBI) directive. The order requires these companies to disclose a 2009 family settlement agreement signed among Kirloskar
India will soon unveil updated standards for organic agricultural products to bring them at par with the latest European Union’s grade to bring in more clarity and transparency in the processes while strengthening the regulatory oversight through data analytics, a senior official said. “National Programme for Organic Production (NPOP) 2014 is being revised to account
Coal stock at the country’s thermal power plants improved to 72% of the normative stock level as of December 30, compared to just 58% of the required levels in the same period of last year, data from the Central Electricity Authority showed. The country’s thermal plants had a coal stock of 44.98 million tonnes as
In recent times, silver has attracted a lot of attention from investors, and it is even performing better than gold. Historically, silver has remained under gold’s shadow. But if we look at the returns delivered by both precious metals in 1 year, silver has outperformed gold. In the last 1 year, silver prices have jumped
The Union Cabinet on March 19 approved an ‘Incentive Scheme’ for promotion of low-value BHIM-UPI transactions for the financial year 2024-25. The incentive scheme for promotion of low-value BHIM-UPI transactions (P2M) will be implemented at an estimated outlay of Rs 1,500 crore, Union Minister Ashwini Vaishnaw said in a press briefing after the Cabinet meeting.
The markets are moving upwards in bits and pieces. As the Nifty rallies towards 23,000, here are some interesting Buy recommendations by JM Financial Institutional Securities. The recommendations are based on share valuations as well as key sectoral dynamics. JM Financial Institutional Securities On Suzlon JM Financial Institutional Securities has maintained a Buy rating on
Defence stocks have seen a strong run up in trade today. Mazagon Dock rallied 10% intra-day. Several others like Garden Reach Shipyard hit 20% upper circuit in trade today. The other top gainers include Cochin Shipyard up 8.8%, HAL up 4.4%, Bharat Dynamics up 6%. Even BEL, a key Nifty stock, gained nearly 2%. One
The domestic key equity indices closed on a positive note for the second consecutive session on Wednesday. The NSE Nifty 50 rose 73 points or 0.32% to settle at 22,907, while the BSE Sensex rose 148 points or 0.20% to finish at 75,449. Nifty Realty and PSU Bank were the top gainers among the sectoral
