Author: Sarita Jena

  • Jharkhand Government Secures Return of Workers Stranded in Cameroon

    Jharkhand Government Secures Return of Workers Stranded in Cameroon

    The Jharkhand government has successfully brought back 11 out of 47 workers who were stuck in Cameroon, a country in central Africa. The Chief Minister, Hemant Soren, directed officials to ensure the safe return of all the stranded workers.

    Recently, many workers from Jharkhand complained that they hadn’t been paid for three months, which led the state government to take action. They filed complaints against a company based in Mumbai and some middlemen responsible for sending the workers to Africa without proper registration.

    The Labour Department helped the 11 returning workers reach their homes safely. Meanwhile, efforts continue to bring back the remaining 36 workers. The state government has started the process to ensure these workers receive their unpaid wages, totaling about ₹39.77 lakh.

    The Labor Commissioner lodged reports at local police stations after hearing the workers’ complaints. The government has also contacted the Ministry of External Affairs to help with the return of all workers.

  • McGregor vs. Logan Paul: Epic Boxing Match Set for 2025!

    McGregor vs. Logan Paul: Epic Boxing Match Set for 2025!

    Conor McGregor, the famous fighter, has announced that he plans to fight social media star Logan Paul in a boxing match set for 2025. This exciting fight will take place at Wankhede Stadium in Mumbai, India, which can hold 33,000 fans.

    McGregor shared his plans on X (formerly known as Twitter), saying, “I am in preliminary agreements with the Ambani family to face Logan Paul in a boxing exhibition in India.” This comes three years after his grave leg injury during a fight against Dustin Poirier that kept him away from the sport.

    This fight could earn McGregor a huge $250 million (£200 million), making it one of the richest boxing matches ever! The event is also linked to a campaign promoting tourism in India, and it’s being organized by Mukesh Ambani, one of the richest people in the world.

    McGregor shared his excitement about the fight by posting heart and Indian flag emojis on social media.

    However, there may be some challenges. McGregor still has two fights left with the UFC, the organization he has been part of since 2018. UFC rules usually say fighters can’t participate in other sports without asking for permission first. Still, McGregor has had a successful crossover before; he fought Floyd Mayweather in a big boxing match in 2017.

    After recovering, McGregor has had many rumors about his return to the ring. One of the talks was about a fight with Michael Chandler, which didn’t happen. There’s also talk of McGregor potentially fighting Jake Paul, Logan’s brother, in late 2025.

    Jake Paul has shown interest in fighting McGregor, but he wants UFC President Dana White involved in the talks.

    Alongside his fight planning, McGregor is dealing with some legal issues. He was recently ordered to pay €250,000 (£208,000) due to an assault claim from 2018, which he strongly denies.

    This potential fight between McGregor and Logan Paul has sparked a lot of excitement and reactions in the world of sports. While some people think it’s great, others share mixed feelings. However, the blend of famous personalities and the growing importance of India in sports is making this fight a major event to watch! Fans are eager for official news about the match, which promises to be an incredible experience.

  • Jaishankar Heads to Qatar to Enhance India-Qatar Relations

    Jaishankar Heads to Qatar to Enhance India-Qatar Relations

    India’s External Affairs Minister, S. Jaishankar, is going to Qatar this week to meet with the country’s top leaders. He will be in Qatar from December 30 to January 1. During his visit, he will speak with Prime Minister Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani and the foreign minister. They’re planning to talk about how to improve their friendship and discuss important regional issues.

    This visit is special because it’s Jaishankar’s second trip to Qatar since last year when eight former Indian Navy officers were detained there. They were accused of spying and were sentenced to death. Luckily, their sentences were changed, and seven of them have returned to India, while one is still in Qatar and is expected to come back soon after finishing some formalities.

    In 2023-24, India and Qatar traded goods worth $14.08 billion. India sent $1.7 billion worth of goods to Qatar and received $12.38 billion worth from Qatar. Qatar mainly exports natural gas, chemicals, and aluminum to India, while India exports food, machinery, and construction materials to Qatar.

    Qatar is home to around 830,000 Indians, who are the largest group of foreign workers there. They work in many different jobs, including healthcare, engineering, and construction.

  • Investment Insights: Navigating IT, FMCG, and Life Insurance

    Investment Insights: Navigating IT, FMCG, and Life Insurance

    Anand Tandon, an independent market analyst, points out that right now, buying Google is cheaper than investing in any Indian IT company. Plus, the quality of these companies is not as good. It’s wise for investors to keep some IT stocks, especially since this sector might do better than last year when the overall market looks uncertain for growth. However, he doesn’t see any major excitement in the IT field.

    Looking at the FMCG space, which covers everyday essentials like food and household items, Tandon believes it should remain a part of your investment portfolio. Rural demand is expected to improve, which is important for big names like Hindustan Unilever and Dabur because they rely heavily on sales in those areas. Although the stocks haven’t performed dramatically, it’s still a good sector for potential growth due to better conditions, like good monsoons.

    When discussing new-age technology companies, Tandon mentions that while some, especially quick-service restaurants are popular now, many of these stocks have already reached high prices. Competition is fierce, especially in larger cities, and expanding to smaller cities might increase delivery costs, making it a tough market. However, there are promising companies in travel, like Ixigo and TBO Tek, that could do well because they have the potential to boost their profit margins.

    As for life insurance, Tandon sees it as a critical sector in any investment portfolio. Recent changes in regulations have made it more competitive, but this can also lead to growth opportunities for these firms. The demand is still high, and once you buy a policy, customers usually stick with it, making it a stable business to consider after recent price drops.

    Finally, regarding the IT sector outlook, even though some analysts are wary about stretched valuations and limited growth, Tandon thinks there’s a reason to pay attention to it again. The situation looks better compared to last year, but he cautions that it might not lead to significant gains. Valuations are high—more than buying tech giants like Google—so cautious investment is key.

  • Radhika Gupta: From Ordinary Life to Financial Leader

    Radhika Gupta: From Ordinary Life to Financial Leader

    Radhika Gupta is the CEO of Edelweiss Mutual Funds and a popular judge on Shark Tank India. Many people think she is tough because of her direct style on the show, but in a talk with Kareena Kapoor on “What Women Want,” she showed a kinder side of herself. Radhika shared that her journey to success in finance was not easy. She grew up in a regular middle-class family. Her mom was a teacher, and her dad worked for the government. Although she studied hard, she wasn’t sure what career to choose.

    Gupta faced many rejections when she first tried to get a job, even though she was a good student. She felt insecure and lacked confidence, especially about how she looked. Unlike others, she did not choose finance out of passion. Instead, she described her career as “like an arranged marriage.” She found a job in finance and learned to love it.

    Working in finance was challenging because it’s often seen as a man’s world, and being young made things tougher for her. At just 33 years old, people often didn’t take her seriously when handling money. To look older and gain respect, Radhika even wore a saree to her meetings.

    But as time went on, her skills proved to everyone that age and gender didn’t matter. She said, “When people see your work, they throw gender and age out of the window.” Although she still has moments of doubt, her confidence has grown a lot.

    On Shark Tank India, Gupta is known for her straightforwardness. However, she explained, “I am not half as brutal as I appear on Shark Tank. I am deeply emotional.” The finance world shaped her tough exterior, but she wants everyone to see her emotional side too.

    Radhika Gupta’s inspiring journey shows that with hard work, you can break through challenges. As Shark Tank India readies for its fourth season on January 6, viewers can look forward to more of her valuable insights. Her story is an encouraging lesson for anyone trying to succeed in a tough industry.

  • Kangana Ranaut Celebrates Himachal Women and Gears Up for ‘Emergency

    Kangana Ranaut Celebrates Himachal Women and Gears Up for ‘Emergency

    Actress and politician Kangana Ranaut recently praised the strong and hardworking women of Himachal Pradesh on her Instagram stories. She admired how they face challenges every day and keep going. Kangana also recognized her fellow actresses from Himachal, like Preity Zinta, Yami Gautam, and Pratibha Ranta, saying they bring a lot of talent to the film industry.

    In her post, Kangana shared a photo with these actresses and wrote about how Himachal’s women work hard in the fields, caring for animals and managing their families without any social media attention. She feels these women deserve more recognition. Kangana used the hashtags #peopleofhimachal and #himachaliwomen to show her pride.

    Recently, Kangana also celebrated Christmas at her home in Himachal, sharing cozy photos and enjoying traditional Gajar Ka Halwa, a sweet dessert that many love.

    On the work front, Kangana is excited about her new movie “Emergency.” She not only acted in it but also wrote, directed, and co-produced it. The movie tells an important story about India during the national emergency from 1975 to 1977, where Kangana plays the role of former Prime Minister Indira Gandhi. The film features a talented cast, including Anupam Kher, Milind Soman, Mahima Chaudhry, and Shreyas Talpade as Atal Bihari Vajpayee.

    Scheduled to release on January 17 after some delays, “Emergency” aims to deliver a powerful story and showcase Kangana’s skills as both an actress and a filmmaker.

  • Carraro India’s IPO: Flat Start Expected This Monday!

    Carraro India’s IPO: Flat Start Expected This Monday!

    Carraro India is set to start trading its shares on Monday. Before their debut, the shares have shown no extra value in the grey market, which is where unlisted company shares are bought and sold. This means that if trends continue, the stock may have a quiet start at around Rs 704, which is the highest price set for its shares. However, grey market prices can change quickly, so they’re not a foolproof indicator.

    The company’s initial public offering (IPO) managed to attract a good number of investors, being oversubscribed by 1.18 times by the end of the bidding on the last day. The IPO raised Rs 1,250 crore, all from the sale of existing shares. This money will go directly to the people selling those shares, not to the company itself.

    Looking ahead, while 2024 may have its ups and downs, experts believe Carraro India has a bright future. The company makes parts that go into tractors and construction vehicles. They produce important components like axles and transmission systems, as well as various gears for cars and trucks.

    Carraro India has two big factories in Pune, covering large areas for making driveline and gear products. Their sales went up by 4% from last year, reaching Rs 1,770 crore, with profits jumping 29%.

    Axis Capital, BNP Paribas, and Nuvama Wealth Management helped manage the IPO, while Link Intime India took care of share registrations.

    (Disclaimer: The opinions and insights here are those of experts and do not reflect the views of NiftyStat.)

  • 2024 Sports Highlights: India Celebrates Wins and Faces Challenges

    2024 Sports Highlights: India Celebrates Wins and Faces Challenges

    In 2024, Indian sports fans had many reasons to celebrate! From big wins in cricket to impressive performances in the Olympics and chess, India is on the rise. Here are some standout moments from this exciting year:

    – Cricket World Cup: On June 29, the Indian cricket team, led by Rohit Sharma, won the World Cup after waiting over ten years. This victory made Indian cricket the top voice in the world!

    – Olympic Medals: In July, pistol shooter Manu Bhaker made history by winning two medals at the Olympics, the first Indian to do so in a single Games. Also, javelin thrower Neeraj Chopra earned a silver medal, three years after winning gold at the Tokyo Olympics.

    – Chess Triumph: Later in the year, India’s chess teams won gold medals at the Chess Olympiad in September, and two players, D Gukesh and Koneru Humpy, became world champions in December. Gukesh, just 18, became the youngest chess world champion ever!

    – Para-Athletes Shine: India’s para-athletes had their best showing ever at the Paralympics, bringing home 29 medals, including 7 gold. Athletes like Avani Lekhara and Sumit Antil became new heroes to look up to.

    – Hockey Team Success: The men’s hockey team secured a bronze medal, marking their second medal in a row at the Olympics.

    Despite the celebrations, there were challenges too. The Indian Olympic Association had some internal issues and needed to improve. But through hard work and passion, Indian sports continue to grow, and this year could be the start of something amazing for the future!

  • Bihar Students Rally Against BPSC Exam Leak: Seeking Change

    Bihar Students Rally Against BPSC Exam Leak: Seeking Change

    Students in Bihar are upset about a possible cheating scandal in an important exam run by the Bihar Public Service Commission (BPSC). They want to talk directly to the Chief Minister, Nitish Kumar, instead of just meeting with the BPSC officials.

    On Saturday, Patna District Magistrate Chandrasekhar Singh said he would not allow a big student meeting planned for Sunday and warned actions against coaching centers involved in the protests.

    Prashant Kishor, who started a movement for better governance, visited the protesting students in Gardani Bagh. He shared that cheating and question paper leaks in BPSC exams have become a big problem and something needs to be done.

    The students are angry about an exam that happened recently. They want it canceled because they believe it was unfair, claiming that just rerunning the test for one center isn’t fair to everyone.

    The District Magistrate mentioned that earlier in the day, they tried to set up a meeting for students with BPSC officials, but the students insisted on talking to the Chief Minister, which was not possible since BPSC acts independently.

    The Bihar Police are looking into people who might be inciting the protests, including a YouTube influencer named Guru Rahman. He told the police he opposes how scores are adjusted for fairness in the exam. He has also been warned not to participate in such protests.

    The BPSC said it only canceled the exam for one center because of chaos there. They claim that, out of 912 exam centers, everything went well in 911 of them.

    Bihar’s BJP leader, Dilip Jaiswal, stated that the government cares about students but they need to provide real proof that cheating happened on December 13.

  • Ancient Stepwell Unearthed in Sambhal: Area to be Cleared for Preservation

    Ancient Stepwell Unearthed in Sambhal: Area to be Cleared for Preservation

    Sambhal, Uttar Pradesh – The Chandausi municipality has started clearing nearby encroachments to uncover an ancient stepwell. This excavation has been ongoing for eight days. Krishna Kumar Sonkar, the executive officer of the Chandausi municipality, announced that they found a well located right in the middle of the road. It appears there are old structures surrounding this well.

    Sonkar explained that buildings nearby have gone over the ancient site and that these should be removed since it’s a place of historical importance. No one is allowed to build near archaeological sites. To carefully clear the area without damaging the ancient structure, workers are using shovels and spades instead of heavy machinery. This careful work is essential because the Archaeological Survey of India is continuously studying the site and guiding the excavation process.

    Last month, Sambhal experienced violence related to a survey of a historic mosque, which led to four deaths. The survey of Shahi Jama Masjid caused protests, violence, and clashes with the police. Many people were injured, and several were taken into custody after the unrest. Locals were worried because a petition claimed that a temple named Harihar once stood at the same site.