The Treasury yield curve has also steepened sharply since late November after flattening initially. Meanwhile, Bitcoin and the dollar have held their gains

Donald Trump, Trump

Amid a crisis in deposits, banks hope to leverage the biz opportunities, with state govt projections estimating that event could generate Rs 25,000 cr in revenue and a Rs 2 trillion economic spinoff

ICICI Bank has set up a branch at the Maha Kumbh Mela Ground in Prayagraj to provide essential banking services to pilgrims and visitors during the event

Adani Energy Solutions Ltd, India's largest electricity transmission and distribution company, has won two new transmission projects, helping swell its order book to Rs 54,700 crore -- more than three times of the work order it had at the start of current fiscal in April 2024.
In October-December 2024 -- the third quarter of the fiscal year April 2024 to March 2025 (FY25), won two new transmission projects worth Rs 28,455 crore in Rajasthan, related to the renewable energy park, Jefferies said in a report.
The orders include the 25,000-crore Bhadla-Fatehpur HVDC project, which is AESL's largest order win till date.
These order wins have pushed up the company's market share in TBCB (tariff-based competitive bidding) orders to 24 per cent, from 17 per cent in the second quarter.
AESL's current order book now stands at Rs 54,700 crore, as compared to Rs 17,000 crore in the beginning of the current financial year. This is the highest order book amongst all private sector transmission .

Adani group

Congress leader Rahul Gandhi on Thursday met several patients and their families camped on the roads, footpaths and subways around AIIMS and accused the Centre and the Delhi government of showing "insensitivity" towards them.
The leader of Opposition in the Lok Sabha met the patients and families putting up on roads, footpaths and subways around AIIMS and enquired about their problems and grievances.
"Burden of disease, biting cold, and government insensitivity - today I met patients and their families outside AIIMS who have come from far and wide in search of treatment," Gandhi said in a post in Hindi on Instagram.
"On their path to get treatment, they are forced to sleep on roads, footpaths and subways - just keeping a flame of hope burning amidst the cold ground, hunger, and inconveniences," Gandhi said.
"Both the Central and Delhi governments have completely failed in fulfilling their responsibility towards the public," he said.

Rahul Gandhi, Rahul, congress leader

Senior executives of banks to attend discussion; commissions and penalties for sector on agenda

The Union Ministry of Finance is planning to consolidate the Regional Rural Banks (RRBs) under a policy of “One State, One RRB” to improve their efficiency and avoid undue competition among sponsoring public sector banks.

The global economy is growing steadily in the face of war, protectionist trade policies and high interest rates. It just isn't growing fast enough to bring relief to the world's poorest, the World Bank said Thursday in its latest assessment of the global economy.
The bank expects the world economy to expand 2.7 per cent in 2025 and again in 2026. It's a remarkably consistent performance  matching 2023 and 2024  but also a lackluster one. Growth is running 0.4 percentage points below the 2010-2019 average. The slump reflects lingering damage from the adverse shocks of recent years,' including COVID-19 and Russia's invasion of Ukraine.
The bank's latest Global Economics Prospects report, which comes out in January and June, did offer some good news. Global inflation, which was running over 8 per cent two years ago, is expected to slow to an average of 2.7 per cent in 2025 and 2026, close to many central bank targets.
The World Bank, comprising 189 member nations, seeks to reduce pover

World Bank

Dinesh Kumar Saraogi offers expert advisory services to optimize steel projects, enhancing profitability, efficiency, and sustainability using 43 years' experience.

Dinesh Kumar Saraogi

Prime Minister Narendra Modi's "Make in India" campaign has also got lost somewhere in the labyrinths of this bureaucratic maze

chart

Joe Biden spent his final full day as president Sunday in South Carolina, urging Americans to keep the faith in a better day to come and reflecting on the impact of the civil rights movement in pushing him into politics.
On the eve of Monday's inauguration of Republican President-elect Donald Trump, Biden delivered a final farewell from a state that holds special meaning after his commanding win in its 2020 Democratic primary set him up to achieve his life's goal of being elected president of the United States.
Biden spoke to the congregation of Royal Missionary Baptist Church about why he entered public service  Martin Luther King Jr. and Robert F. Kennedy Jr. were political heroes, he said  and he thanked South Carolina for its support: I owe you big. Monday is the federal holiday honouring King, the slain civil rights leader.
We know the struggle to redeeming the soul of this nation is difficult and ongoing," Biden said. We must hold on to hope. We must stay engaged. We must alwa

Joe Biden, Biden

Here are the best of Business Standard's opinion pieces for today

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With a bigger mandate for his second term, Trump has promised to hike the tariffs across the board and levy higher import duties on goods from China, Mexico, Canada and India

In terms of education, the number of schools in Delhi declined by 3.4 per cent to 5,497 during the five-year period ending 2023-24

education school children students

The rating agency's arm said that India's recent consumer price inflation at around 5 per cent was without clear evidence of a trend towards slowing price pressures

Most GCCs in India support critical business goals by using AI, data analytics, robotic process automation, and cloud services

India ranked third globally in terms of funding raised by fintech companies, behind the US and China, the report said

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Banks, fintechs embark on profitable pilgrimage at Maha Kumbh Mela

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