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    December 31, 2024
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    Official state visit highlights cultural diplomacy and high-level attendance at Pravasi Bharatiya Divas programme and international engagement.
    Appointment of Trinidad and Tobago's President as chief guest for Pravasi Bharatiya Divas represents a state visit-level participation to highlight bilateral and cultural ties. The President will take part in public engagements, including a school interaction, within a programme inaugurated by national leadership. The event plans extensive guest management and cultural showcases, with high-level attendance and organised tours to regional heritage sites, stressing logistical coordination and cultural diplomacy objectives.
    December 31, 2024
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    Core infrastructure growth slowed, with cement buoying a muted overall industrial output and limited near term IIP support.
    The eight core infrastructure sectors slowed in November 2024, with cement showing marked expansion while crude oil and natural gas contracted and coal, refinery products, fertiliser, steel and electricity experienced moderated growth; together these sectors materially influence the Index of Industrial Production and have reduced cumulative April-November fiscal growth versus the prior year, with an economist noting the recent uptick was driven chiefly by a low base for cement and could modestly support near term IIP performance.
    December 31, 2024
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    Milk procurement digitization to introduce individual testing, real time data, GPS transport tracking and direct bank payments for farmers.
    Pilot digitization of milk procurement mandates individual milk testing, real time data management via web and mobile interfaces, GPS enabled route tracking and optimization for transport, SMS notifications of collection data and pricing, and direct bank transfers of procurement payments; it also requires adopting high end technology, a seasonal study of milk availability, and separate marketing of local dairy products to improve farmer remuneration.
    December 31, 2024
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    Currency depreciation pressures rupee amid foreign outflows and strong dollar, raising prospects of central bank intervention.
    The rupee's depreciation reflects external and domestic pressures: a stronger US dollar and higher global yields, slowing domestic growth, widening trade deficit, rising crude prices, and sustained foreign portfolio outflows. These factors have produced record exchange-rate lows, increased external debt and altered equity inflows, heightening exchange-rate volatility and short-term funding risks. Market commentary expects a negative bias with a constrained spot trading range and notes that Reserve Bank intervention could provide episodic support to the currency.
    December 31, 2024
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    Private-sector deployment of small nuclear reactors can replace captive coal plants, offering decarbonisation and tax savings.
    NPCIL has issued a Request for Proposals for industry partners to set up 220 MW Bharat Small Reactors for captive use, promoting BSRs as compact Pressurised Heavy Water Reactors that enable decarbonisation of heavy industries and deliver economic benefits through reduced carbon-emission-related tax burdens. The government plans multiple deployments with private capital to be executed within the existing legal framework and approved business models.
    December 31, 2024
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    Interest rates unchanged on small savings schemes; existing rates retained for the upcoming quarter per government notification.
    Interest rates on specified small savings schemes remain unchanged for the upcoming quarter, retaining rates from the preceding quarter. Key retained rates: Sukanya Samriddhi 8.2 percent; three year term deposit and PPF 7.1 percent; post office savings deposit 4 percent; NSC 7.7 percent; MIS 7.4 percent; Kisan Vikas Patra 7.5 percent with a 115 month maturity. The government's quarterly notification mechanism continues to govern rate-setting for post office and bank administered schemes.
    December 31, 2024
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    Gold price decline as demand softens; market watchers warn subdued trading may create accumulation opportunities
    Gold prices fell below the Rs 79,000 per 10 grams mark amid weak offtake by stockists and retailers and thin year end trading volumes; a stronger dollar index and cautious market participants exerted short term downward pressure even as domestic prices registered substantial gains over the year. Analysts link the broader rally to geopolitical uncertainty, central bank and HNW demand and interest rate expectations, and caution that delayed rate cuts could cause temporary declines that create buying opportunities.
    December 31, 2024
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    Electricity distribution takeover announced, with asset transfer and commitments to continuous customer service and faster complaint resolution.
    A private distribution company has received an LOI to acquire 100% shares in the local distribution undertaking and will assume operational control via an administrative asset handover, with commitments to continue retail supply. The firm commits to operational obligations including 24/7 call and messaging support, an Integrated Customer Care Office, faster complaint resolution, and new customer services designed to maintain service continuity and improve reliability, affordability, and consumer access during the transition.
    December 31, 2024
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    Revenue growth signals stronger state fiscal health as GST and VAT receipts rise driven by tourism activity.
    Goa's tax revenues rose in December 2024 by Rs 75.51 crore year on year, and aggregate April-December 2024 receipts totaled Rs 4,614.77 crore, up Rs 365.43 crore from the prior year; the increase encompasses GST and VAT revenues and is principally attributed to stronger tourism-driven economic activity.
    December 31, 2024
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    UPI user-onboarding cap removed, allowing full platform enrollment while preserving existing UPI compliance requirements.
    Removal of the previous UPI user-onboarding limit permits a third-party application provider to expand Unified Payments Interface access across its entire user base while retaining the applicability of existing UPI operational guidelines and circulars to Third-Party Application Providers (TPAPs). This procedural adjustment to user-access controls within the UPI framework eliminates the phased cap but preserves established compliance, technical and security requirements.
    December 31, 2024
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    Predatory pricing allegations against quick commerce firms prompt regulator to seek information before prima-facie assessment and potential probe.
    A trade association alleges quick commerce platforms engaged in predatory pricing and other anti-competitive practices; the competition regulator has asked the complainant to furnish information as required under the Competition Act and will perform a prima-facie assessment. If prima-facie violations are found, the matter will be referred to the regulator's investigation arm for a detailed probe, following which the full commission will assess the complaint.
    December 31, 2024
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    Infrastructure sector growth slowdown signals moderated industrial momentum and mixed sectoral performance this fiscal period.
    The eight designated core infrastructure sectors recorded slowed year on year output growth to 4.3 per cent in November 2024 from 7.9 per cent a year earlier, with monthly production up modestly from October. Crude oil and natural gas contracted, coal, refinery products, fertiliser, steel and electricity showed moderated growth, and cement increased. The April-November fiscal aggregate for the core sectors declined to 4.2 per cent from 8.7 per cent, and these sectors constitute 40.27 per cent of the Index of Industrial Production.
    December 31, 2024
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    Benchmark indices decline as FII outflows and global weakness dent domestic markets ahead of earnings and budget signals.
    Benchmark indices ended the year slightly lower after intra-day declines, with tech and financial stocks leading losses and capital goods, industrials, energy and metal gaining. Persistent foreign institutional investor outflows, negative global cues-stronger dollar and higher US yields-and rising crude prices pressured domestic momentum and the rupee, while annual market-cap growth and record highs earlier in the year highlight a consolidation phase ahead of corporate Q3 results and the Union Budget.
    December 31, 2024
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    Market capitalisation growth drove substantial investor wealth gains despite volatility and sharp foreign portfolio outflows.
    Markets recorded substantial aggregate gains in 2024 as BSE-listed firms' market capitalisation expanded sharply and investor wealth rose markedly. The rally was driven by expectations of macroeconomic easing, interest-rate shifts, domestic political outcomes, robust retail participation and IPO activity, but volatility persisted due to global risk events, significant foreign institutional outflows, valuation pressures, and episodic corrections later in the year.
    December 31, 2024
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    Instant personal loan access via credit score app enables quick unsecured borrowing subject to interest rates and repayment terms.
    OneScore's app pairs lifetime free credit reports and scores with access to instant unsecured personal loans-processed quickly with minimal documentation and available up to the advertised maximum. Borrowers should review lender terms, interest rates, EMI auto debit arrangements, prepayment provisions and additional charges; timely repayments support credit health while missed payments and fees can harm future borrowing prospects.
    December 31, 2024
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    Drone delivery expansion highlights mainstream logistics adoption after record rapid fulfilment across diverse sectors.
    Drone delivery logistics achieved a record operational milestone when a commercial provider completed extensive same day deliveries across an urban market, demonstrating rapid fulfilment capability and multi sector applicability; deployments emphasized technological infrastructure, partner integration, and urban receptiveness, with many consignments delivered within minutes across consumer electronics, skincare, groceries and sectoral applications including healthcare, e commerce, quick commerce and agri commodity distribution.
    December 31, 2024
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    Luxury farmhouse living near Gurgaon driven by expressway connectivity and promoted as a sustainable real estate investment proposition.
    Ram Rattan's Naugaon is promoted as a large luxury farmhouse development near Gurgaon leveraging the Delhi-Mumbai Expressway to enhance accessibility and support residential demand and property appreciation; the project comprises multiple high end sub-developments emphasising eco sensitive design, wellness infrastructure, and sustainability initiatives intended to align luxury living with environmental stewardship while presenting an investment proposition tied to ongoing infrastructure expansion.
    December 31, 2024
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    Corporate Cricket Tournament unites diverse companies, fosters community engagement and awards winning team recognition and prizes.
    G Square Realtors organised a corporate cricket tournament at G Square World, Kovaipudur, featuring thirty corporate teams and culminating in a final where Pitch Burners defeated VVDN; winners and runners-up received cash awards and trophies. The event was supported by a media partner and used to promote G Square World's development attributes and the developer's broader marketing and community-engagement objectives. The press release frames the tournament as both a sporting event and a promotional activity and includes a distribution disclaimer.
    December 31, 2024
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    Medical incident reporting: rare pediatric diaphragmatic hernia treated surgically, highlighting hospital capabilities and postoperative recovery.
    Report describes a clinical emergency in which a three month old infant with a congenital diaphragmatic hernia underwent immediate corrective surgery to reposition abdominal contents, repair the diaphragmatic defect, address intestinal inflammation, and receive intensive postoperative monitoring and staged feeding until clinically stable and discharged.
    December 31, 2024
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    Rupee depreciation driven by foreign outflows and dollar strength sustains weakness, with central bank intervention possible to support levels.
    The national currency depreciated against the US dollar due to persistent foreign portfolio outflows, a stronger dollar and higher global yields, with additional pressure from elevated crude oil prices, slowing domestic growth and a widening trade deficit. Market liquidity was thin around the holiday, analysts expected continued negative bias for near term trading, and noted that central bank intervention could support the currency at lower levels.

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      G Square Successfully Hosts the G Square Lubber Pandhu Corporate Cricket Tournament at G Square World, Kovaipudur

      December 31, 2024

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      Coimbatore, Tamil Nadu, India (NewsVoir) G Square Realtors hosted a spectacular display of corporate sportsmanship at the G Square Lubber Pandhu Corporate Cricket Tournament, held at their prestigious G Square World project in Kovaipudur on December 30, 2024. The tournament brought together 30 teams from diverse sectors, including IT, banking, and corporate houses, making it a vibrant event filled with competitive energy.

      The participating teams included notable corporate companies such as Piramal Finance, HDFC Sales Pvt. Ltd., VVDN, Dream XI, Technoturf, IDFC First Bharat, Cholamandalam, ICICI, Texila, Nesaware, Apex On, G Square Coimbatore, Suriyan FM, Eagle Quest International India Pvt. Ltd., PACTRON, Dhux Tech, Ujjivan, OODU, 11 Warriors, Leap Green Energy, HDB, GEP Solutions, L&T, Cameron, AgencyFlow India Pvt. Ltd., AKG Kinathukadavu, Cora Health, Corporate Cricketer Club, and Pitch Burners. The diversity of teams brought a unique blend of talent, making the tournament a thrilling experience for players and spectators alike.

      This Corporate Cricket Tournament is supported by Suriyan FM as the official radio partner, the tournament culminated with a nail-biting final between Pitch Burners and VVDN, with Pitch Burners emerging victorious. The winner Pitch Burners received a cash prize of Rs. 50,000 along with a trophy, while the runners-up, VVDN, were awarded Rs. 25,000 and a trophy.

      Speaking about the event, Mr. Bala Ramajeyam, Managing Director of G Square, said, "The G Square Lubber Pandhu Corporate Cricket Tournament has been a resounding success, bringing together talented teams from diverse industries and showcasing the true spirit of sportsmanship. At G Square, we are proud to host such vibrant events that foster camaraderie and community engagement, reflecting our commitment to building more than just spaces – we are creating opportunities for people to connect and thrive." The G Square Lubber Pandhu Corporate Cricket Tournament kicked off at G Square World, Kovaipudur, a premium residential and commercial villa plot community that served as the perfect venue for this grand event. Spanning 700 acres, it is Tamil Nadu’s first and only project of this scale. Strategically located next to CS Academy, G Square World boasts Tamil Nadu’s first six-themed secured villa plot community. Its cooler climate, with temperatures consistently 6 degree C lower than the city average, adds to its appeal. With the upcoming Western Ring Road (WRR) promising tremendous growth potential, the area is poised for significant appreciation. Additionally, the project offers prime accessibility, being surrounded by some of the best educational institutions in Coimbatore.

      Community Engagement and Sporting Spirit The G Square Lubber Pandhu Corporate Cricket Tournament successfully fostered a sense of community while highlighting the spirit of sportsmanship. G Square Realtors extends its gratitude to all participating teams, supporters, and Suriyan FM - The official radio partner, whose collaboration made this event a grand success.

      About G Square G Square is South India’s No.1 Real Estate Developer that brings to you a lifestyle-defining curation of upscale selections to choose from. Our proactive and keen sense of identifying opportunities has helped build many dream houses and iconic businesses within G Square’s secured communities. Over 15000+ happy customers have trusted the transparent and hassle-free ownership of land in South India’s most potential addresses with G Square’s easy housing transactions. Spread across Chennai, Hyderabad, Coimbatore, Pollachi, Trichy, Hosur, Mysuru, Ballari, Dindigul, Ambur, Theni, and Udumalpet over the past 12 years, we have delivered the most lucrative investment lands with world-class amenities in G Square’s secured communities. With all essentials covered, we aim to empower families and businesses to build the next chapter of their life on land they own.

      (Disclaimer: The above press release comes to you under an arrangement with Newsvoir and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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