Hero's surge unveils convertible electric three-wheeler that turns into a stunning scooter like Batman mov
Hero MotoCorp's surge startup has introduced the surge S32 two-in-one convertible vehicle. The modular EV seamlessly transforms from a 3W electric vehicle to an electric scooter, offering self-employed individuals versatile mobility. This groundbreaking concept, inspired by Christopher Nolan's Dark Knight, allows users to elevate their lifestyle and earning potential. Key Points
Economic TimesIndia vs Australia: Airfares surge eightfold, hotels 29X as cricket excitement reaches fever pitch in Ahme
The highly anticipated ICC World Cup final between India and Australia at the Narendra Modi Stadium in Ahmedabad is causing a surge in demand across various industries. Over 100 charter flights have been booked, leading to skyrocketing airfares and hotel tariffs. Car rental companies and liquor permit applications are thriving. The surge in demand has affected flight prices, with the cheapest one-way fare from Hyderabad to Ahmedabad costing Rs 40,000. Key Points
Economic TimesAstraZeneca prioritizes US for RSV drug amid surge in cases
AstraZeneca (AZN.L) on Friday said it was prioritizing the U.S. market for additional doses of its respiratory syncytial virus (RSV) drug Beyfortus, which was approved in July to prevent the disease in infants and toddlers, as a surge of cases is outpacing supply. Key Points
ReutersWhy It's Too Soon to Call It Covid Season
Covid seems to spike twice a year—but unlike flu season, not in a predictable pattern. That could be due to the virus, the environment, or the people it is infecting. Key Points
WIREDWhy It's Too Soon to Call It Covid Season
Covid seems to spike twice a year—but unlike with flu season, not in a predictable pattern. That could be due to the virus, the environment, or the people it is infecting. Key Points
WIRED
Tata Investment Corp shares extend gains for 7th day, touch new all-time high
Tata Investment Corp's shares surged by nearly 15% in today's trading session, reaching a record high of ₹6,725 per share. The surge marks a cumulative return of 23.40% over the past six days, attributed to increased trading volumes. Key Points
mintBudget 2024 to boost Udman Hotels; gift biz to see 45% sales surge over Valentine's Day: Ferns N Petals' Vikaas Gutgutia
Valentine's Day Sale: Ferns N Petals expects an up to 50% increase in Valentine's Day sales, with gift hampers and personalised products showing 100% growth. This reflects a shift in consumer preferences towards unique and exclusive gifts. Key Points
mintGold vaults to all-time high
Gold prices rally in international market, impacting domestic prices. Prices breach Rs 64,000/10 grams mark on MCX. Sharp correction follows, falling Key Points
Times Of IndiaTravel, tour firms pad up for cricket World Cup; expect big sales
Travel and tourism companies are expecting a boost in business as the ICC Men's Cricket World Cup matches begin in India. Companies are offering bundled packages that include post-match exploration of the respective destinations. There has been an increase in flight bookings, hotel reservations, and apartment and homestay rentals. Key Points
Economic TimesIndia conducts nationwide mock drill in hospitals to test COVID preparedness
India began a two-day COVID preparedness mock drill amid the continuing surge in cases which the Health Ministry attributed to the newly emerged recombinant coronavirus variant XBB.1.16. Mock drills were conducted at all major government and private hospitals across Rajasthan, Madhya Pradesh, Bihar, Karnataka, and Mumbai. Key Points
The Hindu
India monitoring respiratory illness cases in China, says situation not alarming
The central government reiterated on Sunday that it was closely monitoring the surge in respiratory illness in children in parts of China. In its latest update, the Union Health Ministry indicated that there was no need for any alarm. | Latest News Delhi Key Points
Hindustan TimesCovid surge spurs self-testing, and it could mask the real number of cases
The demand for self-testing kits has increased by 15% in India due to a sudden surge in Covid-19 cases, according to Hasmukh Rawal of Mylab Discovery Solutions. However, the increased use of these kits may result in under-reporting of cases. There are concerns over the accuracy of the results, with officials recommending RT-PCR testing for confirmation. Key Points
Economic TimesIndia's Tata-owned Trent Q2 profit surges three fold, shares hit record high
Indian retailer and hypermarket operator Trent (TREN.NS) on Tuesday reported a nearly three-fold surge in the second-quarter profit because of strong demand, sending its shares to a record high. Key Points
ReutersICC World Cup shooting up demand for travel and accommodations: Booking.com
Booking.com, the official accommodation partner for the ICC Men's Cricket World Cup in India, is experiencing a surge in demand for accommodations and flights. The India-Pakistan match in Ahmedabad has driven a significant increase in searches for accommodation, with a 1,550% rise compared to last year. Ahmedabad has also become the second-highest searched route for flights on October 13 and 14. Key Points
Economic TimesAir fares have reduced by 60%, are likely to decline further: Jyotiraditya Scindia
The war of words between the Union Civil Aviation Minister Jyotiraditya Scindia and senior Congress leader K.C. Venugopal over a surge in airfares continued on June 12, with the former claiming that there has been considerable decrease in flight prices after the intervention of the government. Key Points
The Hindu
FMCG companies and food services chains head to Ayodhya
Expecting an 8-10-fold surge in tourism and floating (visiting) population of the city, FMCG companies and food services chains are heading towards Ayodhya ahead of the Ram temple consecration on January 22. Data by the UP Tourism Department shows that while 325,000 tourists visited Ayodhya in 2021, the number surged to 23.9 million the following year. Key Points
Economic TimesIndia's economic growth sparks optimism as corporates anticipate profit surge
Fitch Ratings predicts a significant boost in the profitability of Indian corporates in FY25, driven by robust economic growth despite challenges in overseas markets. With a projected GDP growth of 6.5% in FY25, India is poised to be among the fastest-growing sovereigns, fueling demand across sectors. Fitch anticipates a 290 basis points improvement in profitability compared to FY23, providing corporates with rating headroom. Key Points
Economic TimesRupee falls 24 paise against US dollar
Mumbai, Jun 5 (PTI) The rupee fell 24 paise to close at 82.63 against the US dollar on Monday, weighed down by the strength of the American currency against major rivals and rising crude prices in the international markets. At the interbank foreign exchange, the domestic unit opened at 82.47 against the dollar, and finally […] Key Points
ThePrint2023 in review: Over 40 Nifty50 stocks rose between 10% and 90%; Tata Motors, NTPC top gainers
The Nifty 50 achieved remarkable milestones in 2023, breaking through the 19,000 level in June and reaching 20,000 in September. On December 08, it soared past the 21,000 mark, culminating in a record high of 21,492 points over the next five trading sessions. Key Points
mintMonsoon fury leadsto chaos across states
Flash floods, landslides, and lightning strikes have killed at least 10 people and left many stranded in India as the monsoon swept across the country. The surge has been unusual, with the monsoon arriving in Mumbai and Delhi on the same day, a fortnight late in Mumbai and a day early in Delhi. Much of the rain-related crisis was in Himachal Pradesh and Jammu & Kashmir, where several highways were closed, stranding hundreds of people. The incidents highlight the need for improved early warning systems for weather-related extreme events, as climate change is predicted to increase the frequency of such events. | Latest News India Key Points
Hindustan Times
Sensex, Nifty end higher; shares of M&M surge 6%
The S&P BSE Sensex added 253.31 points to reach 73,917.03, while the NSE Nifty50 NSE also saw gains, rising by 79.45 points, to close at 22,483.3. Key Points
India TodayStock market opens on a bullish note: Nifty-Sensex surge
Mumbai (Maharashtra) [India], April1 (ANI): The stock market kicked off the trading week with a resounding surge as benchmark equity indices opened on a positive note. The NSE Nifty led the charge, initiating the session with a gain of 128.10 points or 0.57 per cent, soaring to an opening mark of 22,455. Show Full Article […] Key Points
ThePrintGreece to raise Golden Visa investment amount in areas where rent is high
Greek Prime Minister Kyriakos Mitsotakis is considering raising the minimum investment required for foreign property buyers to be eligible for a Golden Visa. The proposed measure aims to manage the surge in demand for housing and target areas with higher rental prices. Key Points
Economic TimesIn-cinema ads surge as post-covid effects wear off
In-cinema advertising is on the rise, with a 15% increase in the second and third quarters of FY24 compared to last year. Advertisers are signing long-term campaigns with theatre owners, particularly in the FMCG, consumer durables, and financial services sectors. Key Points
mintHospitality sector gets its mojo back after Covid lull as jobs zoom 271%
The tourism sector's surge after the Covid-19 pandemic has led to a significant increase in hospitality hiring, with entry-level jobs experiencing the sharpest surge in the last two years. Apprentice and trainee hires have seen a 54% CAGR rise in the last two years, while hiring in the hospitality sector rose by around 271%. Key Points
Economic TimesMarket soars to new heights: Sensex, Nifty surge in opening rally
Mumbai (Maharashtra) [India], December 28 (ANI): The stock market unveiled a spectacular opening today, propelling both the Sensex and Nifty indices to unprecedented all-time highs. The day commenced with a dazzling surge, with Sensex surging by an impressive 275.62 points to an extraordinary 72,323.34. In tandem, Nifty painted a picture of optimism, marked by a […] Key Points
ThePrintOver 24 million people visit websites that let them use AI to undress women in photos: Study
Graphika, a social network analysis company, revealed that a whopping 24 million people visited these undressing websites in September alone, highlighting a troubling surge in non-consensual pornography driven by advancements in artificial intelligence. Here are the details. Key Points
India TodayMumbai's property registration witnesses best November in 11 years: Knight Frank Report
Mumbai's real estate sales and registrations saw their best November in 11 years, with 9,548 registrations. Prime residential prices are expected to surge by 5.5% in 2024 due to strong housing demand and economic expansion. Key Points
mintGland Pharma share price rise 6% after USFDA completes inspection of Hyderabad facility
Gland Pharma share price witnessed a 6.5% surge on Friday following the company's announcement that the United States Food and Drug Administration (USFDA) had successfully concluded its inspection of the Pashamylaram facility in Hyderabad. Key Points
mintThese mid and small caps can surge up to 15-29%: Report
India Business News: The Nifty has seen a 1.75% increase since November 14, driven by speculation about the Federal Reserve halting rate hikes. The IT sector has gained ap Key Points
Times Of India
India Vs Australia: With shots & deliveries, companies ready for World Cup Final
Bars and restaurants are creating Bleed Blue shots and Shami and Virat menus coupled with consumer promotions. Delivery platforms have asked companies to increase supplies of soft drinks and snacks in expectation of demand shooting up as fans gather at homes to watch the final together. Theatres, clubs and condominiums are hosting live screenings. Key Points
Economic TimesBull run on Dalal Steet: Why Sensex surged over 700 points today
Around 1:35 pm, the S&P BSE Sensex surged 713.33 points to reach 65,647.20. Here's what's fuelling the bull run on Dalal Street. Key Points
India TodayUK braces for homelessness crisis - Can they avoid LA and San Francisco's fate?
K. Home Secretary raises concerns over surge in crime and homelessness in British cities. | World News Key Points
Hindustan TimesWhy surge pricing is coming at restaurants, online retailers and more
Once reserved for the travel industry, dynamic pricing is spreading. Consumers should expect to start paying premiums during periods of high demand. Key Points
BBCJapan's Nomura Q2 net profit doubles on solid domestic businesses
Nomura Holdings (8604.T), Japan's biggest brokerage and investment bank, on Friday reported second-quarter net profit doubled, driven by a surge in equity offerings in a strong domestic stock market. Key Points
Reuters
6 stocks from hospital sector with upside potential of up to 27%
While all the headlines have been hogged by new age companies and sectors, there has been a sharp surge in valuations in one sector which has performed extremely well in the last two years. It i the hospital space and it is still under the radar. The post listing performance of IPOs from this space shows that both domestic and institutional investors are ready to pay a premium to have these stocks in their portfolio. Given the macro picture , it has a secular growth trend as per capita spending is likely to continue to increase. Key Points
Economic TimesRecent surge in crude oil prices and bond yields poses challenge, says RBI Guv Shaktikanta Das
Reserve Bank of India Governor, Shaktikanta Das, has identified three challenges facing the global economy: slow moderation in inflation, slowing growth with obstacles, and risks of financial stability. He expressed concerns about the impacts of shocks such as rising crude oil prices and bond yields, stating that they hamper the responses of central banks. Key Points
Economic TimesIndian shares set to open weak as US rate fears, high oil prices weigh
Indian shares are set to open marginally lower on Monday, as rising U.S. rate concerns after strong jobs data and surge in oil prices due to military conflict in the Middle East weighed on sentiment. Key Points
ReutersFewer reasons for FPIs to be bullish in October
After all, fresh foreign purchases will be key to revival of the stock market that has slid in the past two weeks after hitting all-time highs in mid-September. But with the surge in global oil prices, US bonds yields and the dollar contributing to fresh risk aversion in emerging markets, including India, brokers and strategists say the mood of the foreign investors remains cautious. Key Points
Economic TimesPolycab India's Q1 profit soars 82% on strong wires and cables business
Polycab India (POLC.NS) posted an 82% surge in first-quarter profit on Tuesday, helped by higher sales in its mainstay wires and cables business. Key Points
Reuters
Northeast India is witnessing surge in infrastructure development: FICCI President
Northeast India is witnessing a surge in infrastructure development, said Subhrakant Panda, President of Federation of Indian Chambers of Commerce and Industry (FICCI). Lack of connectivity had hindered the region's development earlier, but now the focus is on capital expenditure and increasing per capita income. Assam plays a crucial role in the development of the region with a significant position in India's Act-East Policy. Key Points
Economic TimesCovid-19: India records 47 fresh infections, active caseload at 1,655
Covid cases have declined over the last three months after a surge in infections due to XBB.1.16 Omicron variant. Key Points
mintPeople need to remain vigilant against new COVID strain: Official
A new COVID-19 variant has been isolated and studied in India, with a top Union Health Ministry official saying it poses less of a risk of hospitalisations. However, he urged people to remain vigilant. The official suggested the current surge in cases can be attributed to the spread of the XBB 1.16 variant, as the country recorded a single-day jump of 3,641 fresh cases taking the total number of cases to 4.47 crore. The daily positivity rate was recorded at 6.12%, while the weekly positivity rate dropped to 2.45%. Key Points
Economic TimesSharp rise in MCLR to intensify policy transmission next fiscal
The report notes that banks have drawdown Rs 5 lakh crore from the reverse repo window in FY23, which has enabled them to address a surge in the gap between incremental credit and deposits, but this will not be available in FY24. Therefore, MCLR will show a significant rise, the report noted. Key Points
Economic Times