The Delhi High Court has asked the CBI to explain the waterlogging in Old Rajinder Nagar that led to the tragic drowning of three civil services aspirants in July. The owners of the coaching center’s basement, where the incident occurred, are seeking bail, claiming they are just landlords and had no involvement. Meanwhile, the death ...
 "House of Hiranandani plans a dramatic Rs 3,200 crore redevelopment of five aging housing societies in Mumbai, transforming urban living.")
House of Hiranandani is set to invest Rs 3,200 crore to redevelop five housing societies in Chembur, Mumbai, which will involve a total of 459 tenants. The redevelopment projects include Maitri Park and the Shrinagar Society. This initiative is part of the company’s broader plan to explore the redevelopment of aging structures in Mumbai, addressing ...
 "Vedanta targets EV market growth in Asia by ramping up nickel production, crucial for India’s trillion export goal by 2030.")
Vedanta, a prominent Indian conglomerate, is set to boost its nickel and nickel sulphate production to meet the growing demand for electric vehicle (EV) battery materials in Northeast Asia. The company recently announced plans to enhance its capacity, emphasizing the role of nickel sulphate in battery manufacturing. While India’s EV Market is still developing, Vedanta ...
 "Kalpataru Projects secures ₹2,774 crore in new orders, expanding into airport construction and enhancing its global engineering footprint.")
Kalpataru Projects International Ltd (KPIL), a leading engineering and construction company in India, has secured new orders worth Rs 2,774 crore. These projects include significant work in Transmission & Distribution overseas and an EPC project for the Airports Authority of India, as well as a Design & Build project for residential buildings in India. Manish ...
 "Amid financial turmoil, Paytm vows to regain profitability by focusing on core payments and leveraging AI for growth.")
Paytm, under the leadership of founder Vijay Shekhar Sharma, is focusing on its core payment services while aiming for profitability. Speaking at the annual meeting, Sharma emphasized a commitment to compliance and continuous improvement in business operations. Recently, Paytm faced challenges, including a reported loss of Rs 839 crore in the first quarter of FY25 ...
 "HDFC Bank is negotiating to offload Rs 8,400 crore in loans to strengthen finances amid rising credit-to-deposit ratio concerns.")
HDFC Bank, India’s largest private lender, is negotiating with global banks like Barclays, Citigroup, and JPMorgan to sell around Rs 8,400 crore (about $1 billion) in loans. This move aims to improve its credit-to-deposit ratio, which has been under pressure due to rapid loan growth compared to deposits. The bank is also in talks with ...
 "US-China tensions rise as American businesses report historic lows in optimism and profitability, urging tariff reductions amidst economic uncertainty.")
US businesses operating in China are facing significant challenges, leading to a record low in optimism about their five-year outlook. A recent survey by the American Chamber of Commerce in Shanghai revealed that only 47 percent of American firms feel positive about their future in China, down five points from last year. This decline is ...
 "In 2022, Delhi saw four daily road fatalities, predominantly affecting pedestrians, with alarming hit-and-run incidents highlighting urgent safety concerns.")
In 2022, Delhi witnessed a troubling rise in road fatalities, with four people dying each day in avoidable crashes, according to a recent report. A striking 97 percent of the victims were vulnerable road users, including pedestrians and motorcyclists. The report highlighted that heavy vehicles and light motor vehicles were responsible for 81 percent of ...
 "Israeli airstrikes in Gaza and the West Bank escalate violence, tragically killing civilians and stalling international cease-fire efforts amid ongoing conflict.")
In recent days, Israeli airstrikes have escalated in Gaza and the West Bank, resulting in significant civilian casualties and destruction. An attack on a UN school sheltering displaced families killed at least 14 people, including women and children. The ongoing conflict has now entered its 11th month, with over 41,000 Palestinians reported dead. Israel claims ...
 "Tech giants’ market cap surges amid Nifty IT Index’s critical breakout phase, posing risks and opportunities for traders.")
The Nifty IT Index is currently trading between 41,800 and 43,000, a crucial range for traders to watch. A rise above 43,000 may spark bullish momentum, allowing for potential gains, while a drop below 41,800 could lead to a Market correction. Meanwhile, the Nifty Auto Index is at a critical support level of 25,150; a ...
