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Incompetence rights a wrong, but for how long? | On the import of Salman Rushdie’s Satanic Verses

Perhaps the notification that banned the import of Salman Rushdie’s Satanic Verses was as fictitious as the characters in the novel




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Trump turns to allies on capitol hill to fill top cabinet posts

Trump will also reach into the the Senate, with the expected appointment of Marco Rubio of Florida as secretary of State, according to a person familiar with the matter




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Nifty Prediction Today – November 12, 2024: Can be range bound. Stay out of the market

Nifty 50 November Futures contract can trade in a range of 24,100-24,500




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US will stay in global climate fight despite Trump, says Podesta

Yet John Podesta, senior adviser to the president for international climate policy, also struck an apologetic tone at the start of the United Nations COP29 summit in Azerbaijan. The expected pullback by the world’s second-largest greenhouse gas emitter, he acknowledged, comes even “as the dangers we face grow ever-more catastrophic.”




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With non-performing loans easing, ARCs brace for tough FY25

As the asset under management of private ARCs is expected to contract by 7-10%, redemptions are predicted to remain robust. 



  • Money & Banking

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Death in Gujarat Refinery fire rises to 2; IOCL constitutes team to investigate

The fire that began on Monday afternoon with a blast in a benzene storage tank of the refinery later spread to two other adjoining tanks, Jawahar Nagar police station inspector A B Mori said




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Bank Nifty Prediction Today – November 12, 2024: Bearish. Go short now and on a rise

Bank Nifty November Futures can fall to 51,500 and even 51,250




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Bajaj Allianz Life sees 23% growth in gross written premium, expands market share

Bajaj Allianz Life focused on making life insurance accessible to all, says MD & CEO Tarun Chugh; special emphasis on Tier 2 and 3 markets



  • Money & Banking

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Low-pressure area forms over Bay, draws in clouds over many parts of south-east peninsula 

Isolated heavy rain may break out over Tamil Nadu until Saturday, and for five days over Kerala & Mahe




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Reliance Industries to invest ₹65,000 crore in Andhra Pradesh biogas venture

This is the largest clean energy investment by Reliance Energy in India outside of Gujarat




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COP29: What is the latest science on climate change?

The last global scientific consensus on climate change was released in 2021 through the Intergovernmental Panel on Climate Change, however scientists say that evidence shows global warming and its impacts are unfolding faster than expected




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Aluminium: Supports can limit the downside. Go long now

Support at ₹234-₹233 can halt the fall and keep the broader uptrend intact




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L&T bags 'ultra mega' order from NTPC to set up thermal power plants in MP, Bihar

The work involves design, engineering, manufacturing, supply, erection and commissioning of boilers, turbines, electrostatic precipitators, auxiliaries, along with the related mechanical, electrical, instrumentation and civil works




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Social Alpha launches programme to support 10 agri start-ups 

Social Alpha to support innovations in precision farming, soil and water management, farm mechanization, post-harvest management, and animal husbandry They need to address critical challenges smallholder farmers face




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Pfizer ramps up Indian R&D and manufacturing, says Meenakshi Nevatia, MD

Pfizer is shifting its oncology and chemotherapy product lines from Australia to Gujarat and aims to increase the share of local products in the Indian market.




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The hidden cost of your daily roti: The wheat price crisis | Trending Commodity Picks | Ep 19




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Outlook 2025: Expect more tech adoption, strategic partnerships, says Nasscom Chairperson

Weighing-in on global debate on whether AI will lead to major layoffs, she said Artificial Intelligence needs to be seen as an enabler that can help amplify skills and boost productivity




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COP29: Pay up or face climate-led disaster for humanity, warns UN chief

Nearly 200 nations have gathered at the annual U.N. climate summit in Baku, focused this year on raising hundreds of billions of dollars to fund a global transition to cleaner energy sources and limit the climate damage caused by carbon emissions




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₹1,800 crore plan to connect Ahmedabad airport with metro services sent for Centre’s approval

A final proposal has been sent to the Union Ministry of Housing and Urban Affairs and a sanction is pending: GMRC official




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Urban gardening company Ugaoo raises ₹47 crores in Series A funding led by V3 Ventures

The company plans to use the funds to expand its regional presence across the top 10 Indian cities and open 80 retail stores by FY 2030




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COP 29: Gujarat Delegation led by Minister of Finance, Energy and Petrochemicals




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360 ONE Wealth launches Wealth Index

The 360 ONE Wealth Index, launched in collaboration with Crisil, reveals that ESG investing is gaining momentum




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India’s IT spending set to hit $160 billion by 2025, fuelled by software and GenAI investments

Alongside, software spending in India is projected to record the highest annual growth rate, increasing by 17 per cent% in 2025




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Subdued blenders demand hit tea prices in Coonoor auctions

The sales percentage in leaf was only 47 per cent out of the offered quantity of 25,83,350 kg, while in dust, it was 53 per cent out of the offered quantity of 6,14,625 kg




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Asset-light approach: EV start-ups turn to micro-factories to cut costs, enhance flexibility

Micro-factories are closer to the market, require less capital investment, and are faster to set up




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Retail inflation surges to 14-month high of 6.21% in October

Industrial growth based on the Index of Industrial Production improved to 3.1 per cent in September as against (-) 0.1 per cent in August




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EEPC sees big opportunities from Ukraine reconstruction 

Asked if the Council had started preparing for the Ukraine opportunities, Gadoria said that there had been some discussions around that




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Host nation Azerbaijan hits out at West in defence of oil and gas industry

Comments come on the second day of summit at which close to 200 nations are meeting to discuss how they can cut fossil fuel emissions




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India’s path to a $70-billion gaming industry: GDAI President

Sridhar Muppidi, President of the Game Developers Association of India discusses gaming industry landscape, its potential, and challenges




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Natco Pharma’s Q2 net up 83 per cent at ₹676 crore

The total revenue of the Hyderabad-based company grew 35 per cent at ₹1,435 crore in the quarter under review




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GSK@100: Reinvention, resilience critical to journey, says MD

The company is listed in India for over six decades, has brands that are as old as the country




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Sensex, Nifty slump 1 pc amid unabated foreign fund outflows, weak global trends




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IBM unveils Gen-AI Innovation centre at Kochi Infopark 

The new centre can accommodate 5,000 workers




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New flights to Uzbekistan, Vietnam on cards as govt revises air service agreement

This move follows a revision in air services agreement between India and the two countries at an International Civil Aviation Organisation gathering in Malaysia last month




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JSW Defence, Shield AI in defence collaboration

This effort will enable large-scale production of V-BATs in India to serve the needs of the Indian Armed Forces and also function as a global production hub for Shield AI




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AI-Vistara merger: Air India’s international footprint to expand beyond 40 destinations

Accordingly, the merger will strengthen the airline’s presence on critical long-haul routes and open new destinations like Bali and Mauritius




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Healthy snacks growing at 1.2 times faster than traditional snacks: NielsenIQ

NielsenIQ said that 63% of surveyed consumers seek innovative and healthy snacking options, while 50% read ingredient labels to understand nutritional value




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Weekly Rupee view: Rupee take a hit as Trump’s victory boosts dollar

Support at 84.50 can limit the downside for now




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India to be among top 4 markets for Siemens globally in 3 years

Expects growth to be driven by the company’s infrastructure vertical




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Public sector banks’ net profit surged 26% in April-Sept period

Public sector banks in India see 26% growth in net profit, reflecting financial health and technological advancements



  • Money & Banking

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Excess rains spurs use of more herbicides this kharif cropping season

Agrochemical makers have seen sales of herbicides going up this kharif season, even though the offtake in other categories such as insecticides and fungicides were muted




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GlobalLogic to hire 1400 in 3 years

Opens delivery centre in Hyderabad




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Air quality during Diwali worse in North India compared to South India

Delhi’s average AQI rose from 295 (Oct 24-Oct 30) to 353 (Oct 31-Nov 6), Jaipur went from 196 to 243, and Patna jumped from 126 to 232




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Hyundai profits slip in Q2 & H1 on weak domestic demand, geopolitical tensions

Net profit skids 15.5 per cent to ₹1,375.5 crore in the September quarter; domestic sales drop 5.8% to 149,639 units in the quarter under review




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Surge in AI-based attacks a concern: Sophos report

‘Only 39 per cent of companies in the country feel prepared to withstand a prolonged ransomware attack’




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Cox & Kings to return to biz, five years after insolvency 

Cox & Kings, which was among the largest players in tours and meeting and incentive segment, suspended operations following a cash crunch in October 2019.




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Samara Capital scouts for ₹1,500-crore investment opportunity

The private equity company has closed three deals in the last few months




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Finance Commission Conclave to map effective devolution of fiscal powers to local bodies

Organised by Panchayati Raj Ministry, the Conclave attempts to bring together key stakeholders like the Central & State Finance Commission for the development of ‘grameen bharat’




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Govt working to improve R&D in drone sector for Indian IP creation: Rajnath Singh

The Centre is committed to creating an ‘Adaptive Defence’ in the country to counter challenges posed by the fast-changing world, says Defence Minister




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Jefferies cuts FY25 earnings estimates for 63% of 121 firms

Jefferies projects Nifty 50 companies’ earnings will grow by only 10 per cent in FY25