INDEPENDENT INDIA
Retirement planning: How young investors beyond metros are building a savings habit
Retirement planning in India is gaining momentum among consumers aged 26 to 50 years as they begin saving early. This trend is evident as transaction volumes for retirement products rose significantly from April to September. Notably, digital platforms are facilitating access to these financial products in smaller cities. Although men dominate the consumer base, there is a growing need for women's participation.
India's ageing population calls for a new social contract on elderly care
Rohini Nilekani, chairperson of Rohini Nilekani Philanthropies, discusses how India's ageing population is straining the traditional family-led care model and calls for a new social contract involving communities, the state and the market, along with technology and public infrastructure to enable dignified ageing.
E20 petrol supplied by PSU oil firms meets prescribed quality standards: Oil Min
The government's statement confirmed compliance of 893 petrol samples with prescribed ethanol content standards. Karnataka's Department of Food contested these findings, claiming higher ethanol levels in some petrol samples. Oil marketing companies asserted their sampling procedures were not followed during inspections in Karnataka. They requested access to sampling documentation and proposed joint testing of the ethanol content.
Coca-Cola India’s bottling arm HCCH files DRHP for IPO
Hindustan Coca-Cola Holdings Limited has submitted its Draft Red Herring Prospectus to SEBI for an IPO. This IPO will involve an Offer for Sale of nearly one billion equity shares by the promoter. Coca-Cola India aims to enhance its asset-light operating model while focusing on brand development and digitization. The company has shown impressive revenue growth in its recent financial performance.
The great Indian biscuit battle begins: Can Reliance crack the code?
Reliance Consumer Products Ltd is set to foray into India's competitive biscuit market, with an aim to leverage affordable pricing and a wide variety of products to attract consumers. Industry leaders Britannia and Parle dominate the market, making it challenging for new entrants like Reliance's Independence.
UK plans facial recognition surveillance to identify visa overstayers and immigration offenders
The UK government is set to broaden the application of live facial recognition technology to detect immigration violations across various venues such as transport hubs, ports, and major public gatherings. The Home Office's goal is to track down individuals who have overstayed their visas or arrived unlawfully in the UK.
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OMCs reject Karnataka’s high-ethanol fuel claim, seek fresh tests
State-run oil marketers in India have rejected Karnataka's claims regarding excessive ethanol content in petrol sold. They argue that the state's testing procedures lack adherence to prescribed standards and were unverified. The oil companies assert that their E20 fuel adheres to Bureau of Indian Standards and undergoes strict quality checks. They highlighted that previous tests indicated compliance within the mandated ethanol blending range.
DLF to invest Rs 3,750 crore for majority stake in JV with Everstone for IREO assets
DLF plans to invest Rs 3,750 crore to obtain a majority stake in a partnership with EverstoneGroup. The joint venture will focus on IREO Private Limited and other entities within the IREO group in India. It aims to acquire at least a 20% stake in the IREO India companies to secure governance rights. This transaction remains subject to regulatory approvals and is expected to conclude by 2027.
Britannia CEO plays down Reliance's pricing threat in India biscuit market
Reliance Industries' Independence biscuits are entering India's competitive biscuit market with packs starting at Rs 5, but Britannia CEO Rakshit Hargave says disrupting the category will be harder than its Campa cola play. With biscuits already priced at Rs 5 and Rs 10, aggressive discounts could hurt margins. Britannia is also raising prices and shrinking pack sizes amid rising input costs.
SC issues notice to all office bearers of Keralam unit of Cong over post targeting CJI Surya Kant
In a striking move, the Supreme Court has sent a contempt notice to Kerala's Congress party over a slanderous post aimed at the Chief Justice. The post quickly went viral, prompting fierce criticism leading to its removal by the party. KPCC president Sunny Joseph affirmed that the offending member was terminated and asserted that such behavior does not align with the party’s values.
Sebi eases accreditation norms for AIF, SIF and PMS investors
The Securities and Exchange Board of India has introduced a new regulation allowing alternative investment fund managers to handle investor accreditation. This initiative is designed to streamline the accreditation process for investors looking for investment options. Managers are now authorized to evaluate eligibility during onboarding or at any stage of the scheme, providing greater flexibility.
NCDEX partners with BigMint to enhance price transparency in steel scrap market
NCDEX has signed a strategic collaboration with BigMint to create a benchmark for steel scrap pricing. This partnership aims to improve price transparency and reliability for the steel industry in India. BigMint will provide daily spot price assessments, which will be used for settlement of new steel scrap derivatives contracts. The contract is expected to help participants manage price risks more effectively.
Is a home loan a guarantee of a clear title to the property? The answer may surprise you; here is what you need to know
Prospective homebuyers should exercise caution by thoroughly examining property titles prior to their purchases. Legal professionals warn that banks' verification methods often fall short when it comes to uncovering potential disputes related to property titles. Since India lacks an implied warranty law, the onus of title verification rests solely on the buyers. It’s advisable for homebuyers to seek independent legal advice to ensure the property title is unambiguous.
Mayawati questions EVM-based voting, says people seeking return to ballot papers
BSP chief Mayawati has raised concerns about the credibility of electronic voting machines and fair elections. She stated that many people are demanding a return to the ballot paper system. Mayawati linked these election integrity issues to broader socio-economic challenges faced by the country. The BSP's longstanding opposition to EVMs has gained traction, particularly among younger voters.
SC refuses to transfer trial in Tirupati laddus ghee adulteration case out of Andhra Pradesh
The Supreme Court dismissed a plea for transferring the Tirupati ghee adulteration trial from Andhra Pradesh. Accused Machindra Shantaram Lanke argued that political statements created a hostile trial environment. He claimed that most accused were from North India, complicating language issues. The court established an independent SIT to investigate allegations of animal fat in Tirupati laddus.
Richville Infra to develop senior-living focused project in Ludhiana
Richville Infra Private Limited plans to invest around ₹500 crore to develop a 100-unit senior-living and NRI-focused residential project on five acres at Hambran Road in Ludhiana, Punjab. The project, named Tirthankar Abode, is expected to generate revenue of around ₹1,000 crore.
Sequoia Capital restructures operations after raising $10 billion, shuts London office
In a bold move, Sequoia Capital is undergoing a major restructuring by shutting down its London office and disbanding the Arc accelerator and Scouts programs. These changes come amid a leadership shift and a focus on selective investing. With approximately $10 billion raised in new funds, Sequoia is committed to backing European founders, albeit from its Bay Area hub.
Virat Kohli's Gurgaon House: Inside his lavish ₹80,00,00,000 bungalow in DLF Phase 1 featuring a private swimming pool, gym, spacious balconies, marble flooring and luxurious interiors
Virat Kohli turns 38 today, November 5. The star cricketer is currently playing an ODI series in New Zealand. His stunning residence in Gurgaon’s DLF Phase 1 is valued at approximately 80 crores. Spanning over 10,000 square feet, this modern bungalow features luxurious interiors, a swimming pool, expansive glass windows, and beautifully landscaped outdoor areas, providing both comfort and privacy for the cricket star.
India progressing towards sending its first human deep-sea mission to depth of up to 6,000 metres by 2028: Jitendra Singh
Union Minister Jitendra Singh outlined India's plans for deep-sea exploration and human spaceflight during the Indo-Pacific Regional Dialogue 2026. India intends to conduct its first human deep-sea mission by 2028, reaching depths of up to 6,000 metres. The country focuses on enhancing its capabilities through collaboration among various scientific fields. The initiative reflects India's commitment to exploring and utilizing ocean resources strategically for economic benefits.
Delhi govt counsel gives consent to initiate criminal contempt proceedings against CJP leader Ratna Singh
Additional Standing Counsel Amol Sinha, in his opinion dated November 2, held that the specific imputations attributed to Singh prima facie struck at the independence and impartiality of the judicial process and disclosed sufficient grounds for invoking the criminal contempt jurisdiction of the Delhi High Court.
India-EU trade deal to ease mobility for Indian professionals, but work visas will still be required
The proposed India-European Union Free Trade Agreement is set to simplify temporary entry for Indian professionals. It includes provisions for intra-corporate transferees, contractual service suppliers, independent professionals, and business visitors. Visa applications will still follow existing immigration procedures and conditions, ensuring applicants meet specific requirements.
Indian airlines seek to boost domestic MRO capabilities as aircraft fleets expand
Indian airlines are focusing on building in-house capabilities for maintenance and repair as the aircraft fleet grows. Air India plans to establish an MRO facility in Bengaluru by 2027, while IndiGo emphasizes the need for self-reliance. Akasa Air's maintenance facility at Noida airport is expected to be operational by 2028. The commercial aircraft fleet in India, currently around 800, is predicted to double in coming years as air traffic increases.
How Students Can Use AI to Study Smarter Without Letting AI Do the Thinking for Them
Join the Winter Cohort of the AI Bootcamp for Students by Times of India, where learners will harness cutting-edge AI tools like Claude, Gemini, and NotebookLM. This program aims to transform education by empowering students to explore difficult concepts and craft customized learning materials. Participants will also learn to sharpen their questioning abilities, design interactive review content, and strengthen their overall study habits.
India Inc’s boardroom report makes for grim reading
Women currently hold one in five seats on Nifty 100 company boards, remaining unchanged over the past four years. Younger independent directors under the age of 50 have decreased in number on these boards. A report reveals that 17 companies, primarily state-run, lack the required number of independent directors.
Indian companies trust AI with greater autonomy but struggle to prove financial returns: Report
Indian companies are shifting towards AI-driven processes to enhance operational efficiency, but there's a catch. Despite the optimistic outlook from leaders regarding AI's capabilities, many are skeptical about the financial gains. A large portion of enterprises neglect to assess the monetary value of their AI investments, facing hurdles such as system integration and data coherence. It's crucial for organizations to move beyond trials and start quantifying AI’s economic impact.
J Estates partners with Emoha for senior living project in Gurugram
Gurugram-based J Estates is collaborating with Emoha to develop J 36, a senior living project in Sohna. This initiative aims to integrate residential design with elder-care services for residents and their families. The project will feature 190 units with various apartment configurations and an estimated sales potential of Rs 525 crore. Emoha will contribute its expertise to enhance the resident experience through community support and wellness programs.
India-France defence ties poised for new phase, with 114 Rafales in focus
India and France are advancing their defence relationship with proposals for new fighter aircraft and submarines. The two nations are collaborating on advanced technologies and strategic partnerships essential for regional security. As the global security landscape evolves, India aims to enhance ties with trusted allies like France. The Horizon 2047 Roadmap outlines a vision for future cooperation across various sectors.
Abhijeet Dipke meets Mamata Banerjee; says CJP not to join INDIA bloc rally but supports cause
Dipke said he had called on Banerjee to express gratitude for her support to the outfit's first protest at Jantar Mantar on the NEET paper leak issue and her backing when its leaders Saurav Das and Ashutosh Ranka were arrested by the Delhi Police.
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