Articles for author: Market News

Market News

Stalin Celebrates Balaji’s Return from Political Exile: A Sacrifice or Just a Strategic Move?

In Chennai, Chief Minister M K Stalin has praised former minister V Senthil Balaji upon his release from 471 days in prison, calling his sacrifice and determination commendable. Stalin expressed concerns about political tensions, alleging misuse of the Enforcement Directorate to target opponents. Balaji, who thanked the chief minister and his son Udhayanidhi, claimed that ...

Market News

Credit card spending may surge during the festival season, but rising delinquencies and regulatory scrutiny loom ominously over growth prospects.

Credit card spending may surge during the festival season, but rising delinquencies and regulatory scrutiny loom ominously over growth prospects.

Credit card spending is anticipated to increase during the upcoming festival season, driven by discretionary purchases and promotional offers. However, growth may be tempered due to stricter regulations on unsecured lending and rising delinquencies in credit card payments. In August 2024, credit card transactions rose by 13.51% year-on-year, but there was a slight decline compared ...

Market News

Song Theft Shock: Pami Mishra Calls Out Production House for Stealing Her 14-Year-Old Hit—Is Creative Integrity a Dying Art?

Singer Pami Mishra has reported a case of song plagiarism to the Cyber Police Station in Bhubaneswar. She claims that her song, recorded 14 years ago, was copied by the production house Sai Sagar Creation and uploaded to YouTube without her permission. Mishra alleges that a couple, Prativa Upadhyay and her husband, not only sang ...

Market News

Nifty Energy Index faces resistance at 44,325; traders advised to book profits, while Pharma Index suggests a cautious sell strategy.

Nifty Energy Index faces resistance at 44,325; traders advised to book profits, while Pharma Index suggests a cautious sell strategy.

The Nifty Energy Index is currently experiencing a bullish trend but has hit a crucial resistance level at 44,325. Traders are advised to book profits and reduce long positions as profit booking is anticipated with any rise from this point. Support levels to watch are at 43,800, 43,600, and 43,200, making it ideal to wait ...

Market News

NBFCs see a dramatic drop in unsecured loans share as RBI tightens regulations, reshaping the financial landscape by December 2023.

NBFCs see a dramatic drop in unsecured loans share as RBI tightens regulations, reshaping the financial landscape by December 2023.

According to a recent report from the Reserve Bank of India’s September bulletin, non-banking financial companies (NBFCs) in the middle layer have the highest percentage of unsecured loans, holding 27.3% as of December 2023. This is closely followed by upper-layer NBFCs at 24.3%. Both categories saw a decrease in their respective shares from December 2022, ...

Market News

Amidst Floods, Bengal’s CM Accuses Centre of Drowning the State in Neglect—Where’s the Relief, Modi?

West Bengal Chief Minister Mamata Banerjee criticized the central government for not releasing flood relief funds while the state struggles with severe flooding affecting 11 districts. During a press conference, she expressed concern about the state’s situation after the Damodar Valley Corporation discharged large amounts of water without prior notice. Banerjee warned of potential worsening ...

Market News

Manufacturers challenge new e-waste recycling guidelines, claiming they raise costs and stifle the urgent transition to formal regulation.

Manufacturers challenge new e-waste recycling guidelines, claiming they raise costs and stifle the urgent transition to formal regulation.

Manufacturers of consumer electronics are expressing concerns about the Indian government’s new draft guidelines for recycling e-waste. They argue that the proposed rules set unrealistic minimum prices, making it more expensive to recycle electronic products. For example, the cost for recycling metals has jumped to Rs 80 per kilogram, which is a significant increase. This ...

Market News

Kejriwal Returns to Assembly, Blames BJP for Stalled Delhi Dreams While Vowing to Revive Them—Is Politics Just a Reality Show?

On September 26, 2024, former Delhi Chief Minister Arvind Kejriwal led a strong attack against the BJP during a special session of the Delhi Assembly. He accused the party of hindering key government projects while he was incarcerated, including road repairs and senior citizen benefits. With a recent Supreme Court bail in a corruption case, ...

Market News

India ascends to 39th in the Global Innovation Index 2024, showcasing its vibrant entrepreneurial spirit and commitment to innovation.

India ascends to 39th in the Global Innovation Index 2024, showcasing its vibrant entrepreneurial spirit and commitment to innovation.

India has made significant strides in the Global Innovation Index (GII), climbing to 39th place among 133 economies in the 2024 rankings, up from 40th last year. Union Minister Piyush Goyal announced this achievement, highlighting the role of India’s innovators and entrepreneurs in driving this progress. The rise is attributed to the country’s strong knowledge ...

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