Author: Supriya Jena

  • RBI Allows Edelweiss Group to Resume Operations After Fixing Issues

    RBI Allows Edelweiss Group to Resume Operations After Fixing Issues

    The Reserve Bank of India (RBI) has decided to lift the business restrictions on two companies from the Edelweiss Group, ECL Finance and Edelweiss Asset Reconstruction Company (ARC). The RBI made this decision after being convinced that these companies took the right steps to fix the issues raised by the bank.

    Earlier, on May 29, the RBI had put restrictions on these companies because they were found to be involved in serious problems related to how they managed bad loans, a practice known as ‘evergreening.’ This meant they were trying to cover up bad loans by pushing them into new loans, which isn’t allowed.

    Because of this, ECL Finance was told to stop doing complex financial deals, except for paying back or closing accounts. At the same time, Edelweiss ARC was prohibited from buying new financial assets or reorganizing old ones into different categories.

    However, now that the RBI believes ECL Finance and Edelweiss ARC have made the necessary improvements, it has lifted the restrictions immediately.

  • India Enhances Space Defense: 52 Satellites for Security!

    India Enhances Space Defense: 52 Satellites for Security!

    The Indian defense forces are getting ready for future battles by improving their tools and technology in space. Recently, the Department of Military Affairs (DMA) showed their plans to top officials in the Defense Ministry, along with the leaders from the Indian Space Research Organisation (ISRO) and the Defence Research and Development Organisation (DRDO).

    The Defense forces want to add more satellites and build better ground support for these satellites. They recently received approval for a project that will send 52 satellites into space. These satellites will help with surveillance (keeping watch), communication, and other important tasks. Both government and private organizations will work together on this project.

    The DMA, led by the Chief of Defence Staff (CDS), is in charge of the Defence Space Agency, which will handle these new responsibilities. The Defense Space Agency plans to make sure the satellites are safe from any threats and will expand its team to support this mission.

    Having more satellites will help India keep a closer eye on areas near the Line of Actual Control with China and the borders with Pakistan. To manage these new challenges, the Defense forces are working on strengthening the Defence Space Agency and other related organizations. The Cabinet Committee on Security has also approved two agencies to develop both defensive and offensive space capabilities.

    Recently, CDS General Anil Chauhan emphasized how important space has become. He called it crowded, competitive, and vital for our future. He encouraged military leaders to protect India’s interests in space by innovating and developing the latest technologies alongside all partners

  • Pamela Anderson: Bigg Boss’s Highest Paid Contestant Ever!

    Pamela Anderson: Bigg Boss’s Highest Paid Contestant Ever!

    Bigg Boss is one of India’s favorite reality shows. Celebrities leave their comfy homes to live in the Bigg Boss house and entertain fans. Some contestants earn a lot of money for this experience!

    Who is the Highest-Paid Contestant?

    The highest-paid contestant ever is Pamela Anderson, famous for her role in “Baywatch.” She made a huge amount of ₹2.5 crore for just 3 days on the show! She joined Bigg Boss in season 4, the first season hosted by the popular actor Salman Khan.

    Pamela stayed only for 3 days, but she made a big splash. Other contestants in that season included Shweta Tripathi, who won, The Great Khali, Dolly Bindra, and Samir Soni.

    Who is Pamela Anderson?

    Pamela Anderson got famous after being a Playboy Playmate in 1990. She became well-known for playing C.J. Parker in “Baywatch.” Besides that, she has acted in films and shows like “Barb Wire,” “Naked Souls,” and “The Nanny.” Recently, she starred in “The Last Showgirl,” which earned her a Golden Globe nomination. She’s also set to appear in a new version of the classic film “The Naked Gun.”

    Here are some other contestants who got paid well on Bigg Boss:
    – The Great Khali: ₹50 lakh per week
    – Karanvir Bohra: ₹20 lakh per week
    – Sidharth Shukla: ₹9 lakh per episode
    – Vivian Dsena: ₹5 lakh per week
    – Hina Khan: ₹2 lakh per episode

    Right now, Bigg Boss 18 is keeping fans hooked. New fights and drama are unfolding daily, and fans have already picked their favorites. One exciting promo shows a big fight between Karan Veer Mehra and Rajat Dalal during the Time God task. Fans can’t wait to see who wins this season!

  • less than 80 characters)”Exploring the December Effect: Why Stocks Often Rise in December

    less than 80 characters)”Exploring the December Effect: Why Stocks Often Rise in December

    Have you ever noticed that the Indian stock market seems to do better in December? It feels like the markets catch the holiday spirit! This special trend is called the December Effect, and it has been discussed by investors for a long time. Let’s explore why December is often a great month for the stock market, look at past trends, and learn what makes this month so special.

  • PC Jeweller Stock Soars 5% After Major 1:10 Split Announcement!

    PC Jeweller Stock Soars 5% After Major 1:10 Split Announcement!

    PC Jeweller’s shares jumped to their maximum allowed increase of 5%, reaching Rs 19.25 in early trading. This rise is due to a recent stock split, where each existing share worth Rs 10 is being split into ten shares, with each now valued at just Re 1. This change is set to take effect on December 16, 2024.

    The company made this announcement after their Board of Directors held a vote on November 28, 2024. This is the first time PC Jeweller is doing a stock split, which is a way to make the stock cheaper and more available for everyday investors. In simpler terms, splitting shares helps more people buy them and can lead to more trading activity.

    In the last year, shares of PC Jeweller have skyrocketed, offering amazing returns of 477% and 272% over various periods. In just six months, they have increased by 236.6%, showcasing the company’s strong performance.

    Why Do Companies Split Their Shares?

    When a company splits its shares, it usually wants to attract more investors by making its stock more affordable. This can help improve market trading and is often viewed as a sign of a company’s future growth. Overall, it’s a positive signal for investors and can increase excitement around the stock.

  • India and China: Strengthening Their Bond in a Changing World

    India and China: Strengthening Their Bond in a Changing World

    India and China have always said their friendship isn’t influenced by outside factors. However, history shows that the global environment deeply affects how these two countries interact. Since the 1950s, their relationship has gone through different phases: peaceful times, tension, friendly competition, and sometimes even collaboration.

    In past times of uncertainty, both countries have worked to keep their relationship stable despite ongoing disagreements. For example, in the early 1950s, both nations aimed to manage the growing tension of the Cold War to ensure peace in Asia. Another crucial moment was after the Cold War ended in 1989, where they worked to ease previous tensions and normalize relations.

    Now, we are in another significant period of change in the world. We are witnessing a shift from a world dominated by one power (the US) to a multipolar world where many countries, including India and China, hold significant influence. This shift creates new opportunities for the two countries to cooperate, especially in shaping what this new world will look like.

    While other regions, like Europe and the Middle East, face conflicts, the relationship between India and China remains relatively stable. Leaders Xi Jinping of China and Narendra Modi of India seek to strengthen ties not just to avoid conflict but also to help shape a new international order that includes more voices and ideas from countries outside the West.

    In the past, both countries benefited from a global order set up by the US, which helped their economies grow. However, recent political changes in the US and the West indicate that they may no longer play as strong of a role in global affairs. Both India and China need to adapt and can no longer rely on the old system to meet their needs.

    Moreover, globalization is facing challenges. Many countries, including India, want a more balanced and fair economic system that doesn’t allow any one country to dominate. They seek better opportunities for growth, trade, and shared benefits without interference from powerful nations.

    This is especially important for India, which wants to modernize its industries and collaborate with China and other economies. For this to happen, a new, inclusive economic order needs to be developed through cooperation between different nations.

    The BRICS+ group is currently showing promise as an institution to help build this new framework. Unlike the US, India and China cannot step back; they must play a significant role in creating a fair and connected multipolar world.

  • NTA Will Only Conduct College Entrance Exams Starting 2025!

    NTA Will Only Conduct College Entrance Exams Starting 2025!

    Starting in 2025, the National Testing Agency (NTA) will stop holding tests for job recruitment and will only focus on entrance exams for colleges and universities. Union Education Minister Dharmendra Pradhan announced this change due to problems like exam leaks and cancellations of previous tests.

    The NTA is talking with the Health Ministry about whether medical entrance exams will be done on paper or through computers. The Common University Entrance Test (CUET) for undergraduate students will still happen once a year.

    Pradhan also shared that the NTA will change its structure in 2025. They plan to create at least ten new jobs and make many updates so that every test is done without any mistakes. New technology may be used to make exams more effective and easier in the future.

  • ITC Hotels to Split from ITC Limited by January 2025″

    ITC Hotels to Split from ITC Limited by January 2025″

    Kolkata-based ITC, a big company with many businesses, announced that it will officially split its hotel services into a new company called ITC Hotels starting January 1, 2025. Earlier this month, a court in Kolkata agreed to this separation. The new company will be ready after all required documents are submitted to the local government office in West Bengal and all other rules are followed. Stay tuned for more updates!

  • SBI Clerk Recruitment 2024: Apply for 13,735 Junior Associate Jobs

    SBI Clerk Recruitment 2024: Apply for 13,735 Junior Associate Jobs

    The State Bank of India (SBI) is looking to hire new Junior Associates for the year 2024! A total of 13,735 jobs are available for those who want to work at SBI. This is a great opportunity for anyone interested in starting a career in banking.

    Who Can Apply?
    – Candidates should be at least 20 years old and not older than 28 years.
    – You need to have a degree from a recognized university.
    – Good communication skills are a plus!

    How to Apply:
    – You can apply online through the SBI official website. Just fill out the application form and pay the fee. Make sure to check all the rules before you apply.

    Important Dates:
    – The application process starts on [insert start date] and ends on [insert end date]. Don’t miss your chance!

    What’s Next?
    After applying, you will need to take a test. If you do well, you could be selected for an interview!

    Don’t wait too long! Gather your documents and get ready to apply. This could be your chance to join one of the biggest banks in India!

  • Varun Beverages Acquires Lunarmech: Stock Rises, Profits Surge!”

    Varun Beverages Acquires Lunarmech: Stock Rises, Profits Surge!”

    Shares of Varun Beverages, the bottling partner for PepsiCo, rose by 1.7% to Rs 657 on the BSE after they announced an important purchase. The company has officially bought 39.93% of Lunarmech, making it a fully owned part of Varun Beverages.

    In a report released on December 16, 2024, Varun Beverages confirmed that they completed this deal around 1:47 PM IST. They had announced the plan to buy this stake back on November 12, 2024, when their board approved a share purchase agreement for Rs 200 crore (which is about 2,000 million rupees).

    Previously, they had moved to acquire the remaining shares of Lunarmech Technologies, which is now completely owned by them. At a recent board meeting that lasted from 4:45 PM to 5:20 PM, they discussed and approved this share purchase deal.

    In more good news, Varun Beverages reported a significant increase in profits. Their net profit grew by 22.3% to Rs 628.83 crore in the third quarter that ended in September 2024. Their revenue also jumped by 24.1% to Rs 4,804.68 crore in the same period.

    Overall, Varun Beverages’ shares have increased by 48% over the last year and by 31% just this year, showing strong growth in the market.