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

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

Adani, Adani Group

Stocks to Watch on Wednesday, December 6, 2023:  Axis Bank has initiated Corporate Insolvency Resolution Process against Digital Ventures Private Limited, wholly-owned subsidiary of Zee Lear

market, markets, stock market, stock, stocks rise, stock rally

Tencent-backed healthcare and diagnostics app Practo is aiming to turn profitable in next fiscal and is looking at a stock exchange listing with an initial public offering (IPO) soon, its co-founder and CEO Shashank ND said.
Practo is looking to enhance presence in smaller cities and towns and leverage AI to analyse data and provide much better analysis and outcomes in healthcare.
In an interview with PTI, Shashank said the startup is already cash flow positive. "This year we will grow by a good healthy margin... Our EBITDA would have improved dramatically from last year. We will be near break-even this year and next year is when we really will be able to show significant profits."
Founded in 2008, Practo connects doctors with patients and offers several ancillary services such as telemedicine.
Income from diagnostic and consulting services formed 50 per cent of the total operating revenue. In the 2022-23 fiscal (April 2022 to March 2023), the Bengaluru-headquartered firm halved it

Practo

Press Trust of India

The rooftop solar installations in India registered a 34.7 per cent year-on-year jump to 431 MW during July-September 2023, aided by a fall in module prices, Mercom India said.
The rooftop solar installations were at 320 megawatt (MW) during the three-month period of 2022, the research firm said in a report.
The rooftop solar capacity addition was also higher at 1.3 gigawatt (GW) in the first nine months of 2023, compared to 1.2 GW in January-September 2022.
India's cumulative rooftop solar capacity reached 10.1 gigawatts (GW) at the end of September 30, 2023, the 'Q3 2023 Mercom India Rooftop Solar Report' said.
"We are starting to see a surge in momentum in rooftop installations. The significant drop in module prices has reached a turning point, sparking increased procurement activities that offer attractive returns for rooftop solar investments. We foresee two very robust quarters coming up," said Raj Prabhu, CEO of Mercom Capital Group.
The majority of installations were in th

Solar Energy, Renewable Energy, Green Energy

The movie collected Rs 63.8 crore on day 1 at the box office in India, and the film managed to perform better on Saturday as it collected Rs 66 crore country-wide on the second day

Animal teaser

BS Rich Content

Anti-state violence in Pakistan surged 34 per cent in November, with 63 militant attacks recorded in the country during the month, a think-tank report said on Sunday.
The 63 militant attacks in November resulted in 83 deaths, including that of 37 security forces personnel and 33 civilians, the Dawn newspaper reported, citing data by the Pakistan Institute for Conflict and Security Studies (PICSS) think tank.
Additionally, 89 individuals, including 53 civilians and 36 security forces personnel, sustained injuries, according to the Islamabad-based think tank.
Compared to October's data, a 34 per cent surge in militant attacks, a 63 per cent rise in fatalities, and an 89 per cent increase in the number of injured persons was recorded during November.
Pakistani security forces killed at least 59 militants and arrested at least 18 suspected terrorists during the month, according to the report.
The data showed an 81 per cent escalation in militant attacks in the first eleven months of 2

Pakistan

As participants at the United Nations' COP28 climate talks filed in Sunday for another day of talks, they found themselves greeted by a rare sight in the United Arab Emirates  a protest.
From activism about the Israel-Hamas war to environmental issues, activists allowed into the UAE can demonstrate under strict guidelines in this autocratic nation. Others from organisations long banned by the country also have been let in, providing them some the opportunity for the first time in over a decade to offer criticism  though many acknowledge it may see them never allowed back in the country.
The UAE, a federation of seven sheikhdoms led by Abu Dhabi's ruler, bans political parties and labour unions. All power rests in each emirate's hereditary ruler. Broad laws tightly restrict speech and nearly all major local media are either state-owned or state-affiliated outlets.
Laws also criminalise the very few protests that take place by foreign labourers over working conditions and unpaid ...

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

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

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

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

Shark Tank 2 Winner Patilkaki.com Closes Pre-Series A Funding Round with Cap70 Angels, Bestvantage Investments

Sukhdev Singh Gogamedi

CM Stalin also requested the PM to send a central team to review the damages caused by the Cyclone in the state

M K Stalin

Severe cyclonic storm Michaung that ravaged parts of Andhra Pradesh on Tuesday has now weakened into a depression and moved northwards, said a Meteorological official on Wednesday.
The weather system is expected to move northwards and further weaken into a well marked low pressure area in the next six hours, the official said.  It moved at a speed of 11 km per hour in the past six hours until 5:30 am and lay centred over northeast Telangana, adjoining south Chhattisgarh, south interior Odisha and coastal Andhra Pradesh, the official added.  The deep depression (remnant of cyclonic storm Michaung) over central coastal Andhra Pradesh moved nearly northwards with a speed of 11 kmph during the past six hours, weakened into a depression and lay centred at 5:30 am on December 6 near latitude 17.4 degrees north and longitude 80.5 degrees east, Amaravati Meteorological Centre head Stella Kiran told PTI.  The weather system is about 50 km east to northeast of Khammam, 110 km north to northeast

Cyclone Michaung

The recovered weapons and war-like stores were handed over to Churachandpur Police for further investigation

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Shark Tank 2 Winner Patilkaki.com Closes Pre-Series A Funding Round with Cap70 Angels, Bestvantage Investments

Karni Sena protest death of Sukhdev Gogamedi, BJP blames outgoing govt

Cyclone Michaung: Stalin writes to PM, seeks relief fund of Rs 5,060 cr

Michaung weakens, to transform into well-marked low pressure in 6 hours

Weapons, war-like stores recovered by forces in Manipur's Churachandpur

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RBI reins in peer-to-peer lending practices after finding rule violations

Bike-taxi service provider Rapido drives cabs into Uber, Ola lane

ESMA in 'active' talks with RBI to resolve Clearing Corporation impasse

Adani Group stocks soar as US dubs Hindenburg allegations irrelevant

Stocks to Watch today, Dec 6: Canara Bk, Somany, Zee Learn, Patanjali Foods

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