They added that some lenders had already begun halting certain services and practices in line with the central bank's guidance, while failure to comply could risk future penalties or restrictions

Reserve Bank of India, RBI

Reuters

Bike-taxi service provider launches new segment with subscription model for driver partners

Bike taxi startup Rapido plans to ramp up hiring of women captains

Rapido

Business Standard

After the global financial crisis of 2008, the European Union in 2012 had adopted new market infrastructure regulations in order to strengthen and safeguard systems

European markets, Europe shares

Catch all the latest updates LIVE from across the globe here

BJP, BJP logo

Value of GQG's investment up 75% to $7.5 bn

Adani, Adani Group

Move comes after Mamata writes to PM for release of funds

Mansukh Mandaviya, Health Minister

Honda Cars India plans to increase prices of its vehicles from January in order to partially offset the impact of riding input costs, according to a senior company official.
The Japanese carmaker sells three models -- Elevate, City and Amaze -- in the Indian market.
In an interaction with PTI, Honda Cars India Vice President (Marketing and Sales) Kunal Behl said the company will increase the prices of its models from next month due to pressure on input costs.
"The model-wise amount of increase will be finalised by the end of this month. Our new model Elevate which was launched at an introductory price has been well received by the market with very high customer consideration. The introductory price will be valid till December 23 and price will be revised from January 2024," he noted.
Maruti Suzuki, Mahindra & Mahindra and Audi India have also announced plans to hike prices of their passenger vehicles in January 2024 citing reasons, including cost pressure driven by overall ...

Honda

Press Trust of India

Denim brand Pepe Jeans London is aiming for sales of around Rs 2,000 crore from the Indian market and plans to expand its retail network by adding over 100 stores in the next three years, its India MD and CEO Manish Kapoor said.
Pepe Jeans London, owned by Spanish global fashion group AWWG, is "very buoyant" for the Indian market, and aims to grow at 18-20 per cent compound annual growth rate (CAGR) in the next three to five years, Kapoor told PTI.
As part of the strategy, Pepe Jeans is now focusing on the expansion of its network of brand stores and fast-growing e-commerce channels. Pepe Jeans expects 55 per cent of its business to come directly by selling to consumers from its own sales channels.
Over Pepe Jeans' expansion plans, Kapoor told PTI, "We will add 100 odd stores in the next three years and in terms of a turnover, we are looking at a CAGR growth of 18 to 20 per cent. So we should be almost around Rs 2,000 crore of consumer sales in three years."
When asked about sales

Pepe Jeans, Jeans

Balrampur Chini Mills Ltd (BCML) expects its growth momentum to remain robust, fueled by increased crushing and higher yield in the current sugar season October 2023-September 2024, a top company official said.
In addition to the organic growth it is achieving, the company is also exploring suitable "acquisition opportunities" in the inorganic space.
"I don't want to stall our growth trajectory. We need to evaluate various opportunities to ensure sustained healthy growth given the favourable government policies. We expect our performance is going to be only better in the years to come," Avantika Saraogi, Promoter and Business Lead (New Initiatives), told PTI, without divulging specific targets.
BCML's 2022-23 topline stood at Rs 4,728 crore. H1FY'24 (April-September 23) revenue jumped 33 per cent YoY to Rs 2,929 crore.
Saraogi who played a pivotal role in BCML's success, expressed confidence in the company's future performance.
The city-based sugar major, which operates ten sugar 

Balrampur Chini aims to maintain growth traction; acquisition opportunities on radar

Anurag Thakur further said that women in Rajasthan had made up their minds to vote against the Congress for allegations of corruption and poor handling of women's security in the state

Anurag Thakur

Economic growth, which we are taking for granted, slows for a completely different set of local or global factors and the Modi premium vanishes

Economic growth

If the Indian government believes this is how to build an EV-manufacturing ecosystem, however, it ought to think again

Elon Musk

Bloomberg

With benefits like complimentary memberships to luxury hotels, access to premium golf courses, VIP airport assistance, etc., these cards  offer great value to those who lead a luxurious lifestyle

Credit card

It's counter-intuitive, but Modi's own popularity has grown with the length of his tenure. He had always seemed the front-runner by some distance for 2024, and this gives him more tailwind

Prime Minister Narendra Modi, PM Modi

2023 sees AI integration in top apps, enhancing user experience and innovation

tech

The last Date of Nominations is December 19, 2023, the last Date for Withdrawal of candidatures is December 22 and the date of counting is January 8, 2024," the ECI further informed

Election Commission of India

Cooperation Minister Amit Shah on Wednesday said in the Rajya Sabha that around 228 Primary Agricultural Credit Societies (PACS) have so far applied for retail petrol/diesel dealership.
Shah, in a written reply to the Rajya Sabha, said the government has allowed PACS to operate retail petrol/diesel outlets and LPG distributorships.
In this regard, the Ministry of Petroleum and Natural Gas has issued revised guidelines for selection of dealers for regular and rural retail outlets, as well as unified guidelines for selection of LPG distributorship, he said.
As per the revised guidelines, PACS have been included under Combined Category 2 (CC-2) for retail petrol/ diesel dealership and Combined Category (CC) for LPG distributorship for which they can apply online as per the advertisements issued by Oil Marketing Companies (OMCs).
Further, PACS have also been given one-time option to convert their wholesale consumer pumps into retail outlets, for which Ministry of Petroleum and Natural 

Amit Shah, Home Minister Shah

The Centre on Wednesday told the Supreme Court that a committee is being constituted and guidelines will be framed regarding the seizure of electronic devices such as phones and laptops by investigating agencies.
The apex court had on November 7 asked the Centre to put in place guidelines on the seizure of electronic devices of individuals, particularly media professionals, and had termed it a serious matter.
"In this matter, I was to come back with guidelines. The committee is being set up and we will come out with guidelines," Additional Solicitor General (ASG) S V Raju, appearing for the Centre, told a bench of Justice Sanjay Kishan Kaul and Justice Sudhanshu Dhulia.
Raju requested the bench to grant him some time.
The top court was hearing two petitions, including one filed by 'Foundation For Media Professionals', seeking comprehensive guidelines for the search and seizure of digital devices by investigating agencies.
During the hearing, senior advocate Nitya Ramakrishnan, ...

Frauds, Fraud investigation

Prime Minister Narendra Modi on Wednesday said his thoughts are with the families of those who have lost their loved ones due to Cyclone Michaung, and noted that authorities have been working tirelessly on the ground to assist those affected.
Severe cyclonic storm Michaung made landfall crossing south Andhra Pradesh coast between 12.30 pm and 2.30 pm on Tuesday leaving its maximum fury to be felt on Monday in Chennai and adjoining areas in neighbouring Tamil Nadu. Southern districts of Odisha and eastern Telangana continue to be on alert.
In a post on X, Modi said, "My thoughts are with the families of those who have lost their loved ones due to Cyclone Michaung, especially in Tamil Nadu, Andhra Pradesh and Puducherry. My prayers are with those injured or affected in the wake of this cyclone."
"Authorities have been working tirelessly on the ground to assist those affected and will continue their work till the situation fully normalises," Modi said.
At least 12 people lost their li

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AI boosts user experience in top-rated apps of 2023, say Google, Apple

Election Commission sets January 5 as polling date for Karanpur seat in Raj

228 agri credit societies applied for retail petrol/diesel dealership: Shah

Committee to frame guidelines on seizure of electronic devices: Govt to SC

Authorities working tirelessly to assist those affected by cyclone: PM Modi

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