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16 Jan

Scottish Labour Support Declines Following Winter Fuel Payment Cuts

DeeplatestScotland

Support for the Labour Party in Scotland has significantly decreased, particularly among pensioners, following the Chancellor's decision to cut winter fuel payments. A Survation poll indicates that backing from voters aged 65 and over has halved from 30% to 15% since September. This decline poses challenges for Scottish Labour leader Anas Sarwar ahead of the 2026 Holyrood elections, with projections showing the SNP maintaining a substantial lead.

14 Jan

Increase in Journalists’ Fatalities Globally in 2024

Deeplatest

A report by the Press Emblem Campaign (PEC) indicates a record number of journalists killed worldwide in 2024, with India losing four scribes. The report highlights the increasing dangers faced by media personnel, including targeted attacks and hostile environments. PEC has called for enhanced measures to protect journalists and ensure press freedom. The findings have raised concerns among international organizations and prompted calls for stronger safeguards for journalists globally.

08 Jan

Delta Corp shares rose 6% as Supreme Court agrees to hear online gaming industry’s petitions against GST show cause notices on January 10

Priyanka RoyBusiness, latest

Delta Corp shares jumped nearly 5% on January 8 as Supreme Court agreed to hear online gaming industry's petitions against GST show cause notices on January 10. At 12 pm, Delta Corp shares were trading 6% higher at Rs 116.43 per share. According to a CNBC-TV18 report, the industry is seeking a stay on the show cause notices with concerns of possible coercive action by tax authorities. The industry has expressed concern, saying the issue has been pending for several years, CNBC-TV18 said. Online gaming companies have been sent 71 show cause notices related to evasion of goods and services…

07 Jan

NTPC Green Energy shares inflation on winning 1000 MW power project

Priyanka RoyBusiness, latest

NTPC Green Energy share price rose over one per cent in early trade on January 6 after the company's subsidiary bagged a 1000 MW power project from Uttar Pradesh Power Corporation Limited (UPPCL). At 09:27 am, NTPC Green Energy was quoting at Rs 129.95, up Rs 1.60 or 1.25 percent on the BSE. The company's arm NTPC Renewable Energy (NTPC REL) bagged a 1000 MW capacity at an impressive rate of Rs 2.56/kWh, however, the Letter of Award (LoA) from UPPCL is awaited. The wholly-owned subsidiary has emerged as a successful bidder in the e-reverse auction conducted by UPPCL for…

06 Jan

India’s foreign exchange reserves continue to decrease, down 10% from peak

Priyanka RoyBusiness, latest

India's foreign exchange reserves have declined in 12 of the last 13 weeks, hitting a multi-month lowIndia's foreign exchange reserves continue to decline, continuing a three-month long decline. In the week ended December 27, the country's foreign exchange reserves fell by $4.112 billion to $640.279 billion, data from the Reserve Bank of India (RBI) showed.India's foreign exchange reserves have declined in 12 of the last 13 weeks, hitting a multi-month low.The reserves have been declining ever since they touched an all-time high of $704.89 billion in September. Effectively, it is now down by about 10 per cent from the peak.The…

04 Jan

IGL, MGL shares inflation as government asks GAIL and ONGC to give 0.6 mmscmd gas to city gas firms

Priyanka RoyBusiness, latest

Shares of Indraprastha Gas Ltd (IGL), Mahanagar Gas Ltd (MGL) jumped up to 2.5% on January 3 after the oil ministry asked GAIL and ONGC to give 0.6 mmscmd gas to city gas firms. The circular said gas from new wells and oil-associated gas will not be auctioned but will be allocated proportionately to companies based on volume. The move will reduce city gas distribution firms' dependence on gas from the spot market. IGL will get the highest allocation due to its higher market share. At 10:30 am on January 3, IGL shares were trading 2.5% higher at Rs 437…

03 Jan

Capital Small Finance Bank’s total deposits gain 12% to ₹8,384 crore in Q3

Priyanka RoyBusiness, latest

Capital Small Finance Bank Limited (CSFB) has recorded a 12% year-on-year (YoY) growth in total deposits for the quarter ended December 31, 2024, reaching ₹8,384 crore. This growth is also accompanied by significant progress in loan disbursements, improved asset quality and strong liquidity metrics. Loan advances up 19.2%: The Bank's gross advances reached ₹6,816 crore, registering a growth of 19.2% year-on-year (YoY). Around 99.8% of the portfolio remains secured. Asset quality remains strong: CSFB demonstrated improved asset quality, with the gross non-performing asset (NPA) ratio declining to 2.67% from 2.97% in the same quarter last year. Deposits grew to ₹8,384…

02 Jan

Eicher Motors shares inflation over 6% as the company reported a 25% rise in motorcycle sales in Decembe

Priyanka RoyBusiness, latest

Shares of Royal Enfield maker Eicher Motors rose over 6% on January 2 after the company reported a 25% rise in motorcycle sales in December. In a stock exchange filing, the company said its total motorcycle sales rose 25% to 79,466 units in December as against 63,387 units in the same period a year ago. The company's international business also performed better, rising 90% to 11,575 units. At 11:50 am on January 2, Eicher Motors shares were trading over 6% higher at Rs 5,199.5 per share. The stock has a market capitalisation of Rs 1.43 lakh crore. B Govindarajan, CEO,…

31 Dec

RVNL shares upsurge 8% on bagging two projects worth Rs 541 crore

Priyanka RoyBusiness, latest

Shares of Rail Vikas Nigam Limited rallied nearly eight per cent in the morning session on the last trading day of 2024. The railway firm was declared the lowest bidder for the two projects. As a result, RVNL shares snapped a nine-session losing streak. At 11.50 am, the stock was at Rs 427.4 on the NSE, up 4.7 percent from its previous session closing price. First, RVNL won a Rs 137-crore project from the Central Railway. RVNL has 24 months to complete the project. The railway firm will undertake design, supply, construction, testing and commissioning of 132/55 kV traction substations,…

30 Dec

Vodafone Idea shares progress over 5% as government waives bank guarantees for previous spectrum auctions

Priyanka RoyBusiness, latest

Vodafone Idea shares surged over 5 per cent on December 30 as government waives bank guarantees for previous spectrum auctions. At 11:10 am on December 30, Vodafone Idea shares were trading at Rs 7.88. The telecom firm has been exempted from providing bank guarantees of Rs 24,800 crore for spectrum auctions held before 2021 (2012, 2014, 2015, 2016). In a filing dated December 28, the company termed the government reform as a "major relief for telcos". The company said that prior to this reform, the company was required to provide bank guarantees totalling Rs 24,800 crore for each spectrum instalment…