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Category: Business

  • inDrive the official transporter for the 6th edition of Differently abled Celebration

    inDrive, the prominent ride-hailing app in Egypt, signed a protocol with a Differently Abled representative marking inDrive’s role as the official transporter for the sixth edition of an annual event celebrating disabled children.

    indrive

    inDrive’s partnership with the Differently Abled will include offering free transportation services to the children involved in the event. This includes free trips for rehearsals and the performance show, ensuring that the children participating have reliable and accessible transportation to and from the venue which reflects the trust of the Egyptian authorities in inDrive’s app as a safe application.

    Dr.Amal Mobady The Head of the Egyptian Federation for intellectual disability stated that: “The differently abled event has become a landmark event for the cultural life of Egypt. We chose inDrive as a partner because the company has established itself in the market as a reliable partner. We are sure that our children will be satisfied with the service provided”.

    Fady Soliman, inDrive’s Country lead stated that:” This partnership could also signify a broader commitment by inDrive to social responsibility towards the Egyptian community, supporting inclusivity and accessibility in transportation, particularly for people with disabilities. Our involvement as an official transporter indicates our dedication to ensuring that these children and their families can participate in the event smoothly, enhancing their experience through dependable and accessible transportation options”.

    Soliman added:” inDrive is proud to support the event, as it aligns with the company’s core values and how these values resonate with the Egyptian state’s goals or specifically The new republic, particularly in terms of inclusivity, accessibility, and social responsibility”.

    As Egypt’s No. 1 ride-hailing app, inDrive sees this partnership as an opportunity to further cement its position as a leader not only in transportation but also in supporting initiatives that promote positive societal change.


    Neel Achary

  • BSNL New Service: These BSNL customers will get free TV service, will also be able to watch Amazon and Netflix

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    Bharat Sanchar Nigam Limited (BSNL) is constantly providing new facilities to its customers. In this series, another service is going to be added to the customers of Bihar. This service will be for the customers taking fiber based broadband connection of BSNL. In this, they will be given intranet TV service for free.

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    The benefit of this service will be given to the customers using BSNL’s Fiber-to-the-Home (FTTH) network. These customers are given high quality live TV channels and pay TV facility.

    BSNL Chief General Manager RK Chaudhary said that customers will get free service under Intranet Fiber Live TV (IFTV).

    Right now this facility will be available in these cities

    At present, this facility will be provided to the customers of Patna, Muzaffarpur, Gaya, Darbhanga and Bhagalpur in the first phase. After this, this facility will be available in other districts. He told that broadband has more than 70 thousand customers in Bihar. This service will be completely free. Two agreements have been made in this.

    BSNL customers will not need to buy data packs separately

    BSNL Mobile Service Principal General Manager Shankar Prasad said that at present this service has been launched in many cities including Madhya Pradesh, Punjab, Tamil Nadu. People are enjoying more than 500 live channels at these places. Under this, customers will not need to fill a separate data pack for BSNL’s IFTF service. This service is being made available to them with unlimited data. No additional charges will be taken from the customers for this.

    Many entertainment channels including OTT

    Customers are being provided with OTT and many entertainment channels under this facility. Amazon Prime Video, Netflix, Hotstar, YouTube etc. will also be included under the OTT service.

    Customers will also get the facility of gaming channel

    Apart from this, customers will also get the facility of many gaming channels. Currently, customers will be able to get this facility only from smart TV. It is said that this facility will be available in TV only on Android 10 or its updated version.

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  • BYD India To Unveil SEALION 7 and a host of other sustainable products at the forthcoming Bharat Mobility Global Expo 2025

    BYD India to Showcase SEALION 7 and Sustainable Innovations at Bharat Mobility Global Expo 2025New Delhi, India 06th January 2025: Demonstrating unprecedented innovation and a commitment to sustainable mobility, BYD, the world’s leading NEV (New Energy Vehicle) manufacturer, is set to showcase an extended range of New Energy Vehicles at the Bharat Mobility Global Expo 2025. Celebrating 17 years of successful operations in India, the event will herald the debut of BYD’s latest performance eSUV , the BYD SEALION 7 along with other products exemplifying the brand’s commitment to India and pushing the boundaries of sustainable automotive innovation.

    The BYD SEALION 7 is a Performance Electric SUV that seamlessly blends ocean-inspired aesthetics with cutting-edge innovation. Set to launch in the Indian market by H1 2025, it incorporates BYD’s Intelligent Torque Active Control (iTAC) and the acclaimed CTB (Cell to Body) technology. Designed by BYD’s Global Design Director, Wolfgang Egger, the BYD SEALION 7 features sleek, flowing lines, an aerodynamic profile, and a distinctive “OCEAN X” front styling.

    Mr. Rajeev Chauhan, Head of Electric Passenger Vehicles (EPV) Business at BYD India, said, “The Bharat Mobility Global Expo 2025 is a pivotal platform for BYD, underscoring our advancements in premium and advanced EV technologies. The showcase of the BYD SEALION 7, and some of our other globally successful products and technologies reaffirms our dedication to leading the electric vehicle market and expanding our product portfolio that offers a comprehensive range of new energy vehicles to our customers. Our commitment to innovation and excellence aligns with our mission to promote sustainable mobility solutions. We are delighted to witness growing customer preferences for our range of products and the overall strategic growth signifies BYD’s commitment to better serve the Indian market, providing enhanced access to its cutting-edge vehicles and technologies. In line with this, we plan to expand our dealership network from 27 to 40 locations by the end of this month.”

    In addition, visitors can also experience the current range of the company in India – the BYD ATTO 3, the BYD eMAX 7, and the BYD SEAL.

    In India, the BYD SEAL clinched the Times Network Award for EV Sedan of the Year and the Best Battery Technology accolade. It was also honoured with the Autocar Award for Premium EV of the Year. The BYD SEAL also received the Jagran HiTech Award for the 2024 Premium Car of The Year (Editor’s Choice) and the AutoX Best of 2024: 4W Award. On the international stage, the BYD SEAL received the prestigious iF Design Award. The BYD portfolio embody BYD’s commitment to innovation, performance, and environmental responsibility and will also be displayed at the BYD India pavilion at Bharat Mobility Global Expo 2025. Also on showcase will be models from BYD’s global portfolio never-before-seen in India and some crucial technology built to enhance efficiency and sustainability. Visit the BYD India pavilion in Hall 6-08 at the Bharat Mobility Global Expo ‘25 to experience the future of mobility.

    Globally renowned for its leadership in the NEV sector, BYD continues to redefine the landscape of sustainable transportation through its award-winning models and pioneering technologies like the Blade Battery and DM-i platform, setting new benchmarks in performance and advanced technology. In 2024, the company sold over 4.27 million New Energy Vehicles worldwide registering a year-on-year growth of 41.26% on a global scale.


    Mansi Praharaj

  • India’s services sector growth surges to 4-month high in Dec: Report

    India's services sector growth surges to 4-month high in Dec: Report

    IANS

    India’s services sector growth rose to a 4-month high in December as robust demand boosted business activity with strong job creation taking place during the month, according to a survey released on Monday.

    The HSBC India Services Purchasing Managers’ Index, compiled by S&P Global, increased to 59.3 in December from 58.4 in November, which is the highest level since August.

    Strong underlying demand was identified by companies as the primary factor behind output growth in the services sector. In some instances, survey members indicated that recent efforts to expand capacities allowed them to accept more work.

    The overall level of positive sentiment remained above its long-run average, with service providers exuding confidence that output would increase over the course of the coming 12 months. Expanded capacities, new customer enquiries and budget allocation towards marketing were some of the positive factors propelling growth.

    India's services sector

    IANS

    Although services companies continued to see their business expenses rising in December, the rate of inflation softened from November’s 15-month high. Reflecting a further increase in input costs, service providers raised their own fees again in December.

    The combination of new business growth, upbeat forecasts and rising capacity pressures supported another round of job creation across the services sector. Firms continued to add workers at one of the strongest paces since the survey started in 2005. But the hiring was a tad lower than November’s 19-year high.

    There was a solid increase in international orders placed with service providers during December which augurs well for employment and growth in the months ahead.

    “Forward-looking indicators such as new business and future activity suggested that the strong performance will likely continue in the near future,” noted Ines Lam, economist at HSBC.

    The robust growth in services activity also offset a decline in manufacturing growth and boosted the overall Composite PMI to 59.2 during December from 58.6 in November, boosting the overall economic growth rate.

    (With inputs from IANS)

     

  • IMD Weather ALERT! IMD issued heavy rain alert in these states including Delhi, schools closed till January 13

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    Weather Update: Cold and fog continue to prevail in large parts of North India, while snowfall in Uttarakhand and rain alert has been issued in many states including Delhi. Road and rail traffic is being disrupted due to dense fog in states like Punjab, Haryana, Rajasthan, and Uttar Pradesh.

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    The visibility level is less than 50 meters at many places, which has increased the risk of accidents. At the same time, cold wave will also prevail in Bihar and Jharkhand. Cold day conditions are going to persist in Bihar for the next two days.

    snowfall in uttarakhand

    There is heavy snowfall in the high altitude areas of Uttarakhand (Auli, Mussoorie, Nainital, Badrinath and Kedarnath). Tourists have arrived in these areas in large numbers, due to which the local administration is facing challenges in traffic management. Due to snowfall, life has been affected, and many routes have been closed.

    Rain alert in these states including Delhi

    Light to moderate rain with light thunder and lightning is likely at many places in Delhi (Narela, Bawana, Alipur, Burari, Kanjhawala, Rohini, Badili, Model Town, Karawal Nagar, Azadpur, Pitampura, Delhi University, Civil Lines). Apart from this, light to moderate rain is likely in Mundaka, Paschim Vihar, Punjabi Bagh, Kashmiri Gate, Rajouri Garden, Patel Nagar, Buddha Jayanti Park, Jafarpur, Najafgarh, Dwarka, Delhi Cantt, Palam, IGI Airport), NCR (Bahadurgarh, Gurugram) Ganaur, Sonipat, Kharkhoda (Haryana) Shamli, Kandhla, Baraut, Baghpat, Khekra, Nandgaon (UP) NCR (Loni Dehat, Manesar) Rewari (Haryana) Bhiwari (Rajasthan) during the next 2 hours.

    Cold may increase due to rain

    An alert of light to moderate rain has been issued in Delhi, NCR, Haryana, Punjab, Uttar Pradesh, and parts of Rajasthan in the next 24-48 hours. The cold is likely to increase due to rain. Due to the activation of Western Disturbance, there is rain and snowfall in the plains and mountainous areas of North India. The temperature may fall further in the next few days. The administration has advised the public to take precautions to avoid the cold.

    Yellow alert issued in many districts of Haryana-Punjab

    According to the Meteorological Department, a cold day alert has been issued in Haryana’s Sirsa, Hisar, Fatehabad, Bhiwani, Jind, Ambala and Karnal districts. At the same time, severe cold is also prevailing in Punjab. Dense fog and cold wave warning has been issued in many districts of the state including Bathinda, Barnala, Muktsar, Moga and Chandigarh.

    Schools will remain closed till 13 January

    Due to the increasing cold, holidays in schools have been extended. Meanwhile, the Jharkhand government has taken a big decision for the children and announced a holiday for schools up to class 8. Schools up to class 8 will remain closed till January 13 in entire Jharkhand. Classes up to 8th will remain closed from 7 January 2025 to 13 January 2025. Due to increasing cold, schools in Patna have been closed till January 11.

     

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  • Adani Krishnapatnam Port Limited bags Par Excellence & Excellent awards in NCQC 2024

    Adani Krishnapatnam Port

    Nellore: 06th January 2025: Adani Krishnapatnam Port Limited (AKPL) has achieved a remarkable milestone by winning the Par Excellence and Excellent awards at the 38th National Convention on Quality Concepts (NCQC) 2024. The annual event, organized by the Quality Circle Forum of India (QCFI) in collaboration with the Atal Bihari Vajpayee-Indian Institute of Information Technology and Management (ABV-IIITM), showcased the theme: “Investing in People, Building a Better Future.”

    Two teams from AKPL represented the company at the national convention with their flagship case studies in Quality Circle (QC) Category: “Upgraded Multi-operation of STS Crane” and Kaizen Category: “Quick Release Hook for Excavator Shifting in Vessel Hatch”. Both projects demonstrated innovative solutions for quality improvement and operational excellence. Their outstanding performance has also earned qualification for the International Convention of Quality Circle (ICQC) 2024, set to take place in Taiwan later this year.

    Both projects were recognized for their significant contributions to operational excellence, safety, and overall quality enhancement within the port. Notably, both teams have qualified to represent India at the International Convention of Quality Circle (ICQC) 2024 in Taiwan.

    Speaking on the occasion, Adani Krishnapatnam Port management said, We are immensely proud of our teams for their exceptional work and dedication to continuous improvement. These awards are a testament to AKPL’s unwavering commitment to fostering a culture of quality and innovation. Our focus on employee empowerment and their valuable contributions are driving significant advancements in our operations.


    Sujata

  • HMPV virus outbreak: New virus that caused havoc in China has entered India

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    HMPV virus outbreak : HMPV virus has also reached India. Two newborns have been found infected with this virus in Bangalore. Among the infected newborns, an eight-month-old baby boy and a three-month-old girl have been found infected.

    Both these children have no history of going abroad. The special thing is that both the children have been found infected in the last 24 hours. After the virus infection came to light, the Karnataka government has called an emergency meeting of health and administrative officials.

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    ICMR said that this virus has been confirmed in two children in a hospital in Bangalore. The government has said that there is nothing to worry about this virus.

    State governments are alert

    The Indian government is alert about this infection that has surfaced in China. The Health Ministry has directed the states to remain alert. Delhi health officials on Sunday issued an advisory to ensure preparedness in connection with potential health challenges related to ‘Human Metapneumovirus (HMPV)’ and other respiratory infections. According to a statement, Director General (Health Services) Dr. Vandana Bagga held a meeting with the Chief District Medical Officers and the State Program Officer of IDSP on Sunday to discuss preparations to deal with respiratory diseases in Delhi.

    This disease can spread by coughing, sneezing or touching

    Under the recommendations, hospitals have been directed to report cases of influenza-like illness (ILI) and severe acute respiratory infection (SARI) immediately through the IHIP portal. It has been made mandatory to implement strict isolation rules and take appropriate precautions in respect of suspected cases. People who come in close contact with persons infected with HMPV are at risk of contracting the virus. The disease can also spread through coughing, sneezing, touching and shaking hands of infected persons.

    What is HMPV virus?

    The department said that ‘following recent media reports about the spread of HMPV disease in China, the Government of India, Ministry of Health and Family Welfare has issued a statement on January 4. It said that HMPV is like any other respiratory virus, which causes common cold and flu like symptoms during the winter season, especially in young and old age groups.’

     

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  • Goldman Sachs sees India among top emerging markets in 2025

    Goldman Sachs sees India among top emerging markets in 2025

    IANS

    Goldman Sachs has projected India to be among the best-performing emerging markets in 2025, given the country’s robust macroeconomic stability backed by improving terms of trade, effective inflation targeting, and reliable domestic risk capital.

    The global investment bank has forecast an earnings growth of 18-20 per cent annually over the next 4-5 years, driven by an emerging private capex cycle, corporate balance sheet re-leveraging, and a structural rise in discretionary consumption.

    These factors have reduced India’s beta to emerging markets to approximately 0.4, justifying its premium valuation multiples, the report stated.

    Its investment earnings estimates remain ahead of consensus, and they highlight a declining correlation of Indian equities with global markets. However, global factors such as policy actions in the US and China, as well as geopolitical developments, will continue to influence Indian markets, the report added.

    Goldman expects macro stability to be further strengthened through fiscal consolidation, increased private investment, and a positive real growth-real rates gap. They assume robust domestic growth, no US recession, benign oil prices, modest rate cuts, and a supportive liquidity environment. Sensex earnings are projected to compound at 17.3 per cent annually through FY27, which is 15 per cent above consensus.

    Goldman Sachs sees India among top emerging markets in 2025

    IANS

    In terms of portfolio strategy, Goldman favours cyclicals over defensives and SMID caps over large caps, recommending overweight positions in Financials, Consumer Discretionary, Industrials, and Technology.

    Goldman Sachs Research stated in a report last month that it expects the Indian economy to be relatively insulated against global shocks over the coming year — including tariffs levied by the new administration of US President-elect Donald Trump. India’s GDP will keep growing strongly in the long term — but with a speed bump next year as government spending and credit growth slow, according the forecast.

    “The structural long-term growth story for India remains intact driven by favourable demographics and stable governance,” Santanu Sengupta, chief India economist at Goldman Sachs Research, writes in his team’s report.

    Our economists expect India’s economy to grow at an average of 6.5 per cent between 2025 and 2030, the report said.

    Goldman Sachs expects headline inflation in India to average 4.2 per cent year-on-year in the 2025 calendar year, with food inflation at 4.6 per cent — much lower than our analysts’ estimate of 7 per cent-plus for 2024, thanks to adequate rainfall, and good sowing of the summer crop.

    “Food supply shocks due to weather-related disruptions remain the key risk to this forecast. Thus far, elevated and volatile food inflation, mainly driven by vegetable prices due to weather shocks, has kept the RBI from easing monetary policy,” the report added.

    (With inputs from IANS)

  • Indian stock market opens higher, Nifty crosses 24,000 in early trade

    Sensex trades higher on strong global cues

    IANS

    The domestic benchmark indices opened higher on Monday as buying was seen in the IT and auto sectors. At around 9.32 am, Sensex was trading at 79,470.61 after rising 247.50 points or 0.31 per cent, while Nifty was trading at 24,065 after gaining 60.25 points or 0.25 per cent.

    On the National Stock Exchange (NSE), 678 stocks were trading in green, while 1,302 stocks were in red. Nifty Bank was down 139.60 points or 0.27 per cent at 50,849.20. Nifty Midcap 100 index was trading at 57,823.65 after dropping 107.40 points or 0.19 per cent. Nifty Smallcap 100 index was at 18,949.75 after declining 83.95 points or 0.44 per cent.

    According to market experts, domestically, the December auto numbers indicate that the much talked about urban demand deceleration is exaggerated.

    “Buying will resume in these resilient domestic segments, supporting the market on declines,” they said, adding that given the current market setup, traders are advised to consider buying on dips as long as the index holds above 24,000, with 23,800 as a closing-basis stop-loss to manage risks effectively.

    Sensex ends lower ahead of US Fed rate decision, Nifty at 24,198

    IANS

    On the sectoral front, selling was seen in the PSU bank, Financial Service, Pharma, FMCG, Metal and Realty sectors. In the Sensex pack, Titan, Bajaj Finance, Infosys, Bajaj Finserv, M&M, TCS, Tech Mahindra, HCL Tech, Zomato and Axis Bank were the top gainers.

    Whereas, Kotak Mahindra Bank, IndusInd Bank, Tata Steel, PowerGrid, NTPC, Maruti, Asian Paints and SBI were the top losers. The Dow Jones gained 0.80 per cent to close at 42,732.13.

    The S&P 500 gained 1.26 per cent to 5,942.50 and the Nasdaq gained 1.77 per cent to close at 19,621.68 in the last trading session.

    In the Asian markets, only Seoul was trading in green. Whereas Jakarta, Hong Kong, Bangkok, China and Japan were trading in red. “The external macro construct continues to be unfavourable with the dollar index at 109 and the 10-year US bond yield at 4.62 per cent.

    The FIIs are likely to continue selling till the yields decline and the dollar stabilises,” said experts. Foreign institutional investors (FIIs) sold equities worth Rs 4,227.25 crore on January 3 and domestic institutional investors bought equities worth Rs 820.60 crore on the same day.

    The market outlook for this week will be guided by Q3 results, crude oil price, FIIs and domestic economic data.

    (With inputs from IANS)

  • Govt Announced New Interest rates on PPF, KVP, SSY and other Small Savings Scheme, check all details

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    Small Savings Schemes Interest Rates: Recently, the government has announced new interest rates on Small Savings Schemes. Public Provident Fund (PPF), Sukanya Samriddhi Yojana (SSY), Kisan Vikas Patra (KVP), National Savings Certificate and other small savings schemes will get the same interest as before in the quarter from January 2025 to March 2025. This is the fourth consecutive time that the government has not made any change in the current interest rates on small savings schemes. If you are also thinking of investing in schemes like PPF, KVP, SSY or NSC, then this news can prove to be very useful for you.

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    How much will be earned in which scheme

    As we mentioned above, no change has been made in the interest rates of any small savings scheme including PPF, KVP, NSC. If you invest in PPF scheme from January 2025 to March 2025, you will get only 7.1% annual interest. Also, if you invest in Sukanya Samriddhi Yojana, you will get 8.2% annual interest, 7.5% annual interest in Kisan Vikas Patra, 4% annual interest in Post Office Savings Account, 7.7% annual interest in National Savings Certificate, 7.4% annual interest in POMIS and 8.2% annual interest in savings schemes run for senior citizens.

    How much will you earn in post office time deposit

    Along with other Post Office Savings Schemes, the information about the new interest rate of Post Office Time Deposit Schemes has also been given in the information issued by the Finance Ministry. From January 2025, 6.9% annual interest will be given on 1-year Post Office Time Deposit Scheme, 7.0% annual interest will be given on 2-year Post Office Time Deposit Scheme, 7.1% annual interest will be given on 3-year Post Office Time Deposit Scheme. Also, 6.7% annual interest will be offered on 5-year Post Office Recurring Deposit Scheme.

     

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