Author: NNI Editor
The Supreme Court on Monday (February 24, 2025) refused to entertain a plea seeking regulation of Internet prices in the country.A Bench of Chief Justice of India Sanjiv Khanna and Justice Sanjay Kumar dismissed the plea filed by one Rajat, saying consumers had multiple options for availing of Internet services.”It’s a free market. There are several options. BSNL and MTNL are also giving you Internet,” the Bench observed.The petitioner alleged that the majority of the market share was controlled by Jio and Reliance.The Bench then said,”If you are alleging cartelisation, then go to the Competition Commission of India.” The top…
Piyush Gupta. File | Photo Credit: Reuters “About 4,000 employees may lose their jobs in the next three to four years owing to Artificial Intelligence (AI),” said Piyush Gupta, Chief Executive Officer (CEO) of DBS Bank, at the NASSCOM Technology and Leadership Summit 2025. This would be a tenth of the company’s work force he said. “My current prediction, in the next three years, we’d shrink our workforce by 4,000, 10%. And that is because, AI is different” Mr. Gupta said at the event in Mumbai. He further said this was a much newer trend as he has never had…
Prime Minister Narendra Modi with Madhya Pradesh CM Mohan Yadav at the Global Investors Summit 2025 in Bhopal, Monday, February 24, 2025. | Photo Credit: PTI Prime Minister Narendra Modi on Monday (February 24, 2025) said he delayed his departure to the venue of the investors summit in Bhopal to ensure that students are not inconvenienced.Mr. Modi mentioned this in his speech after inaugurating the ‘Invest Madhya Pradesh – Global Investors Summit-2025’ in Bhopal.“I apologise to all of you for being late in coming here today. There was a delay because when I reached here yesterday, one thing came to…
Madhya Pradesh CM Mohan Yadav in a meeting with Adani Group chairman Gautam Adani during Global Investors Summit 2025 at Indira Gandhi Rashtriya Manav Sangrahalaya in Bhopal, on February 24, 2025. | Photo Credit: PTI Adani Group Chairman Gautam Adani on Monday (February 24, 2025) announced new multi-sectoral investments of more than ₹1.10 lakh crore for Madhya Pradesh that, he said, would create more than 1.2 lakh jobs in the State by 2030. Mr. Adani, who was speaking at Madhya Pradesh Global Investors Summit (GIS) 2025, also said the Group is in discussions with the State Government for a greenfield…
In India’s nascent EV market, many buyers have shied away from making purchases due to lack of fast chargers. File | Photo Credit: Reuters India’s EV policy, which offers import tax cuts for foreign automakers investing in the country, will restrict them from using funds spent on charging infrastructure for such relief, increasing their car manufacturing, a government document shows.India last year announced a policy aimed at attracting Tesla to manufacture EVs in the country and let such foreign carmakers import cars at a 15% tariff, from around 100% now, but only if they invest at least $500 million for…
While Tapentadol is an opioid medication that is used to treat moderate to severe pain, Carisoprodol is a muscle relaxant which works on the centres in the brain and spinal cord to relieve pain. Representational image. | Photo Credit: REUTERS The apex drug regulatory authority has prohibited the production and export of all combinations of pain relief medicines tapentadol and carisoprodol, over news reports that unapproved combinations of the drugs exported to West African countries are driving an opioid crisis there. In a communication, the Drugs Controller General of India (DCGI) has asked the drug control authorities of States and…
Bombay Stock Exchange (BSE) in Mumbai. File | Photo Credit: Reuters Equity benchmark indices Sensex and Nifty tumbled in early trade on Monday (February 24, 2025) tracking extremely weak U.S. market trends, incessant foreign fund outflows and concerns over U.S. tariffs. The 30-share BSE benchmark Sensex tanked 567.62 points to 74,743.44 in early trade. The NSE Nifty dropped 188.4 points to 22,607.50. From the Sensex pack, HCL Tech, IndusInd Bank, Zomato, Tech Mahindra, Tata Consultancy Services, ICICI Bank, HDFC Bank and Power Grid were among the biggest laggards. Maruti and Mahindra & Mahindra were the gainers from the pack. Foreign…
Representative image | Photo Credit: Reuters The rupee rose 1 paisa to 86.67 against the U.S. dollar in early trade on Monday (February 24, 2025) amid a weakening greenback against international currencies.However, a sharp fall in the domestic equity markets in morning trade, a decline in the country’s forex reserves and sustained FII outflows prevented further gains, forex traders said.At the interbank foreign exchange, the domestic unit opened at 86.58, up 10 paise against the U.S. dollar, but gave up initial gains to reach 86.67, just 1 paisa higher than Friday’s close. On Friday, the rupee pared initial gains and…
Continuing your SIPs is optimal despite the downside risk; that said, reducing your equity exposure during the last five years of the time horizon for your life goal is very important Source link
Indian stock exchange – Bombay Stock Exchange (BSE) located at Dalal Street, Kala Ghoda, Mumbai. File | Photo Credit: Getty Images With its tricky jargons and complexities, the stock market is a maze-like labyrinth that often perplexes new investors. In the previous episode, we unravelled the jungle and highlighted a few animals and their behaviour. Now, we are untangling others from the world of bourse… Rapid Rabbits Known for impulsive behaviour, scalpers and intraday traders are the picture-perfect examples of nimble rabbits. Quite averse to overnight risk and aiming at instant profit, rabbits (traders, not investors) avoid holding a position even for…