Giri world

MTNL has defaulted on a Rs 1,000 crore loan from Bank of India, leading the bank to set aside Rs 200 crore to cover potential losses. This comes after SBI categorized its loans to MTNL as sub-standard. Despite the default, lenders are optimistic about recovery as MTNL is government-owned and some loans are backed by government guarantees. from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/pomhAHY >

Bitcoin soared past $84,000, fueled by President-elect Trump's victory and his pro-crypto stance. The digital asset market celebrated Trump's win, having invested heavily in crypto-friendly candidates. Smaller cryptocurrencies like Dogecoin also surged, driven by optimism surrounding Trump's presidency. Meanwhile, FTX sued Binance and its former CEO, alleging fraudulent fund transfers. from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/uZJcG4K >

India's direct tax collection witnessed a significant surge, reaching Rs 12.1 lakh crore between April 1 and November 10, reflecting a 15.41 percent increase. This growth was fueled by robust corporate and individual tax payments. Despite a substantial rise in refunds issued, net direct tax collection remained strong. The government aims to collect Rs 22. from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/ZVkF8Q3 >

India's coal imports saw a 7.8% increase, reaching 140.60 million tonnes between April and September of this financial year. This rise comes despite a 10.09% dip in September's imports. The surge is attributed to robust stock positions and competitive domestic e-auctions, contributing to an anticipated moderation in overall import demand. from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/ZS4zRf7 >

To enhance transparency and investor protection, India's market regulator, SEBI, is proposing to broaden the definition of Unpublished Price Sensitive Information (UPSI). This includes events like fundraising, management changes, regulatory actions, and financial irregularities, aiming to provide a clearer framework for listed companies. from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/zJpZW5s >

Foreign investors are pulling out of Indian equity markets due to high valuations and shifting focus towards China. Despite this, new FPI registrations are on the rise thanks to relaxed regulations. The future of FPI investment hinges on upcoming earnings reports and the performance of the Chinese market. from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/k2DTp4N >

India's stock market witnessed a mixed performance last week, with six of the top ten companies experiencing a combined market value decline of ₹1.56 lakh crore. Reliance Industries took the biggest hit, while TCS and Infosys emerged as gainers. Despite the fluctuations, Reliance Industries retained its top position, followed by TCS and HDFC Bank. from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/k0NxLST >

Finance Minister Nirmala Sitharaman raised the lending target for public sector banks to MSMEs by nearly 35% for this financial year. She set a new target of Rs 5.7 lakh crore, emphasizing that no small business should be denied funding. Sitharaman urged public sector banks to take the lead in lending to MSMEs, aiming for greater growth in the sector. from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/iR9Sw7u >

Debashish Panda, chairman of the Insurance Regulatory and Development Authority (Irdai), advocated for raising the foreign direct investment (FDI) ceiling in the insurance sector to 100% from the current 74%. He believes this move will attract more foreign players, bolster the industry's capital base, and help achieve the government's target of 'insurance for all' by 2047. from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/YDbBVQE >

Niti Aayog CEO BVR Subrahmanyam stated that India should join the Regional Comprehensive Economic Partnership (RCEP) and Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) to benefit its MSME sector, which contributes 40% of India's exports. He believes that joining these trade agreements will boost India's participation in the 'China plus one' strategy. from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Zqiw0bj >

Economists and market analysts believe that a return of Donald Trump to the White House could bring both opportunities and challenges for the Indian market. While some sectors like software and pharmaceuticals might benefit, others could face tariff barriers. Despite potential volatility, India is expected to attract foreign investment due to its favorable policies and the 'China +1' strategy. from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/ocn3gvZ >

The Sensex staged a remarkable recovery on Tuesday, surging nearly 700 points after plunging over 1,200 points earlier in the day. This volatile session saw banking and metal stocks leading the rally, fueled by speculative buying and short covering. Despite heavy selling by foreign investors, domestic funds provided crucial support, buoyed by positive domestic economic indicators. from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/rxaKWyq >

Microsoft sees robust technology spending in India, with rising AI momentum driven by Copilot and increasing use cases. Puneet Chandok, the company's India and South Asia president, highlighted a positive shift in AI perceptions and emphasized Microsoft's commitment to regulatory compliance. India remains a key growth market. from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/pTmbHUL >

Leading FMCG companies reported declining margins in the September quarter due to higher input costs and food inflation, slowing urban consumption. Firms like HUL, Dabur, and Nestle India noted muted demand, while rural markets showed growth. Companies plan price hikes to counter rising input costs. from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/HlqrsGD >

The NSE introduces its new mobile app, NSEIndia, and expands its website language support to eleven regional languages, aiding wider investor participation across India. The app, available on iOS and Android, offers key features like market updates and customizable watchlists, providing secure access to market data. from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/i5TvPGh >

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Apple's revenue in India hit an all-time record due to increased sales of iPhones and other products like iPads, MacBooks, and AirPods. CEO Tim Cook highlighted India's growing importance, noting the expansion in production and retail presence. The company's global net sales rose over 6% to $95 billion for the quarter. from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/n1XFgs0 >

This Diwali, consumer spending on snacks and gifts soared despite inflation concerns. Companies like Naturals Ice Cream, Dabur, and Parle Products saw significant sales boosts through affordable gift packs and strategic pricing. Urban areas showed budget caution, while rural demand remained steady. Further festive purchases are expected to maintain momentum. from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/VaTM9Z1 >

Goldman Sachs estimates India needs to create 10 million jobs annually to sustain 6.5% GVA growth. Key policy recommendations include incentivizing affordable social housing, diversifying IT hubs to smaller cities, and reallocating fiscal incentives towards labour-intensive manufacturing sectors to boost employment. from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/EiQRCaU >

Hindustan Unilever and other FMCG companies are increasingly focusing on tailoring products to cater to Indian consumer nuances. By leveraging technology and understanding varied local preferences, these firms are introducing region-specific blends and health-focused offerings to meet the evolving demands for premium, differentiated, and sustainable products in India. from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/CURlEqp >