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Food and beverages inflation surged to 9.7% in October, Dec, rate cut unlikely: ICRA’s Nayar

Food and beverage inflation for October compares with 8.4% in September, led by an increase in seven of the 12 food groups. Vegetables inflation reached a 57-month high of 42.2% from 36.0% in September, exerting upward pressure on the overall CPI.”




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Foreign banks diverge on RBI’s rate path as inflation hits 14-month high

Firm inflation and hawkish signals rule out December rate cuts, says DBS Bank; but slowing growth may sway RBI, notes Barclays Research 




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Financial viability of Discoms a matter of concern: Power Minister

The Minister noted that the Average Cost of Supply (ACS)-Average Realizable Revenue (ARR) gap has improved to ₹0.21 per kilowatt-hour (kWh) in FY24




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South Africa declares National Disaster after floods, storms

Disruptive rains, floods, strong winds and hail from Oct. 22 to Oct. 29 affected the Eastern Cape, KwaZulu-Natal, Free State, Limpopo, North-West, Gauteng and Mpumalanga provinces, Elias Sithole, head of the National Disaster Management Centre




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Indonesia's volcanic eruption grounds international flights on tourist island of Bali

Indonesia's Mount Lewotobi Laki Laki volcano on the remote island of Flores in East Nusa Tenggara province spewed towering columns of hot ash high into the air since its initial huge eruption on November 4 killed nine people and injured dozens of others




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Swiggy vs Zomato: which is a better choice for investment?

Investors keenly comparing Swiggy to its main competitor, Zomato, which has already experienced two years in the stock markets




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Gokaldas Exports net profit up by 19%, at ₹28.2 crore for Q2FY25

The total income stood at ₹941.8 crore, reflecting an 85 per cent increase from ₹509 crore and the EBITDA margin for Q2 was 8.7 percent




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Favourable winter, kharif produce may temper inflation surge, says QuantEco

October’s inflation peak may soon be followed by a moderation, supported by a favourable winter season and increased availability of kharif produce




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Kolkata’s Anish who is little master of the board after becoming youngest rated chess player at 3




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‘Persistent price pressures, weak growth limit scope for rate cuts by RBI’

Knight Frank, Motilal Oswal analysts flag delicate balanace needed between rising inflation and moderate growth in industrial output




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Equity markets slump as retail inflation soars, foreign fund outflows continue




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Own revenue sources of majority of the Municipal Corporations not adequate for meeting RevEx: RBI report

The revenue receipts of MCs, including own tax revenue, own non-tax revenue, and transfers, amounted to 0.6 per cent of GDP in 2023-24 (the same as in 2019-20). MCs are are the third tier of the government in large urban areas




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Hyundai bets on buoyant Bharat, plans measures to boost sales

Rural demand now comprises 21% of Hyundai’s total sales, up from 18.5% two years ago, said Tarun Garg




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Saatvik Green Energy enters solar pump biz with order from Maharashtra

Saatvik Green Energy partners with Maharashtra State Electricity Distribution Company to supply solar submersible pumps, supporting sustainable irrigation solutions.




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Brigade Enterprises PAT up by 2% at ₹115 crore for Q2

The group reported a consolidated EBITDA of ₹358 crore, down by 2 percent




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Green Frontier Capital launches ₹1,500 cr fund for climate tech start-ups

The fund will focus on accelerating India’s low-carbon transition through investments in transformative climate technologies




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Prime Minister Internship Scheme: Youth registration deadline extended to November 15, says MCA

More than 5 lakh internship applications received so far from Youth 




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CAIT accuses quick commerce players of violating FDI norms and anti-competitive practices

The traders’ body also accused the quick commerce platforms of using “vertical agreements” to control supply, pricing, and distribution, causing significant harm to competition in the market




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IndiGrid forms $300 mn energy platform with 2 funds

Each partner will contribute around $100 million; capital will enable EnerGrid to target projects worth approximately $1.2 billion over the next few years




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Prasar Bharati’s OTT to go live at IFFI 

Auction process for private FMs to be completed soon




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Letters to the Editor dated November 13, 2024




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Editorial. October retail inflation print raises concerns

Supply chain efficiencies are a must to offset price increase due to rising input costs and the inevitable increases in support prices




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Bayer Cropscience Q2 net down 39% at ₹136.3 crore on higher expenses

Operational revenues for the quarter were up 7.42 per cent at ₹1737 crore over corresponding previous year’s ₹1617 crore




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Nirmala denies step-motherly treatment in devolution of funds to States

States being given funds on time, and the total funds given under each head was far higher than what the states received earlier, she said




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How are Indian investors shaping the real estate boom at Expo City Dubai?

Indian investors are among the top three buyers of residential and commercial real estate in Expo City, says Ahmed Al Khatib, Chief Development and Delivery Officer Expo City Dubai.




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Today’s Stock Recommendation: November 14, 2024

The stock that we have today is Marico.




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Flying taxi startup ePlane raises $14 million for eVTOL development, targets commercialisation by 2025

This strategic investment comes from a diverse range of backers, including Micelio Mobility and Naval Ravikant




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X rivals Bluesky and Threads get more users as some migrate from Elon Musk-owned platform

Bluesky said hello to the one million people that joined the platform in the past week, while Threads crossed 275 million monthly active users earlier in November




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AI readiness falls among Indian companies, returns fall short of expectations: Report

Half the respondents said that they either hadn’t seen any gains or the returns had fallen short of their expectations in augmenting, assisting, or automating current processes or operation




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Swiggy Share Price & IPO Listing Highlights: Swiggy shares surge 10% after listing at premium on NSE, BSE

Swiggy Stocks Today, Swiggy IPO Listing Highlights November 13, 2024: Swiggy IPO Listing Live Status




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NTPC Green Energy sets IPO price band at ₹102-108 per share

NTPC Green Energy boasts a portfolio comprising 16,896 MW, with 3,320 MW currently operational and the remainder under contract




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Markets open lower on global cues, inflation worries 

The BSE Sensex fell 189.68 points or 0.24 per cent to 78,485.50, while the NSE Nifty declined 98 points or 0.41 per cent to 23,785.45 in early trade




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Sterlite Technologies secures ₹2,600 crore BharatNet project in Jammu and Kashmir 

Sterlite Technologies to implement an automation-led fibre deployment approach, utilising drone surveys, GIS mapping, and AI-led network design




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Nazara teams up with ONDC to launch in-game shopping platform 

gCommerce, the new in-game platform, aims to help game developers overcome low in-app purchase conversion rates by creating additional revenue streams through affiliate marketing




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Eight injured in fire at IndianOil’s Mathura refinery 

All injured individuals are reported to be in stable condition, according to the company statement




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Mid-day updates: Markets deepen losses as metals, auto stocks drag; Sensex down nearly 500 points 

The broader market reflected selling pressure, particularly in metal and automotive sectors, with Hindalco leading the decline at 3.67 per cent




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Tata Chemicals to invest £60 million in UK sodium bicarbonate plant, close Lostock unit 

The new facility will have an annual production capacity of 180,000 tons, tripling TCEL’s current pharmaceutical-grade sodium bicarbonate production capacity in the UK




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Ram Ratna Wires acquires 60% stake in fabrication specialist Tefabo

This marks Ram Ratna Wires’ entry into the fabrication components and assemblies’ sector, particularly targeting opportunities in renewable energy and railways




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Rupee rises 1 paisa to close at 84.38 against US dollar

Rupee weighed down by foreign fund outflows, domestic equities




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Markets tank on inflation worries, FII selling; Sensex drops 984 points 

The sell-off was broad-based, with mid and small-cap stocks bearing the brunt of the selling pressure




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Stock Market Live Updates 14 November 2024: Stock to sell today: Marico (₹597.60)

Sensex, Nifty, Share Price LIVE Today: The Marico stock has been depreciating since the beginning of October. It fell off the resistance at ₹700. The scrip continued to fall this week and broke below a support at ₹610 and also below the 200-day moving average. Broadly, the price action from August shows that the stock is gradually shifting its trend downwards. The prevailing price movement indicates that the probability of a fall from the current level is high.




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Trinamool Congress leader killed in West Bengal’s Bhatpara region

The violence occurred at Bhatpara, the area adjoining Naihati Assembly where bypolls are being held on November 13, 2024




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Unrest and allegations of intimidation mar bypolls in six Assembly segments of West Bengal

Elections are being held at Madarihat, Sitai, Taldangra, Medinipur, Naihati, and Haroa. The polling till 5 p.m. was 69.29% on an average across the six constituencies.




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November 14, 1984, Forty Years Ago: Election Dates Out




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Upendra Baxi writes: Why D Y Chandrachud’s legacy will matter




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Supreme Court could have aligned AMU with aspirational India. It did not




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Delicious Food The Mughal Emperors Ate

The range of food at banquets at the Mughal court consisted of delicacies that commoners could not ever dream of.




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Fantastic destinations near Delhi for a long weekend getaway

These destinations offer a mix of culture, adventure, and relaxation, making them perfect for a short vacation.




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Have you Contra-Dated? Here's Why You Should Try It

Contra-dating is all about pushing boundaries. rediffGURU Ravi Mittal, CEO of online dating app Quack Quack, lists 10 reasons why everyone should try it at least once.




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ATP Finals: Ailing Alcaraz outclasses Rublev

Spain's Carlos Alcaraz made light of feeling under the weather as he dispatched Russia's Andrey Rublev in impressive fashion to revive his ATP Finals hopes on Wednesday.