Chequered Flag Dec 27: Headlines At A Glance

Photo Credit: Envato

This article highlights the prominent stories from December 27, 2024, including statistics on rural household spending, a significant acquisition by JSW Energy, a notable partnership between Hero Motocorp and Harley Davidson, and various other key developments.

Updated On 10:31 PM IST, 27 Dec 2024

Rural Household Consumption Expenditure Grows 9%

Recent data shows an increase in average monthly household consumption expenditure in rural India, reaching Rs 4,122, while urban households averaged Rs 6,996 in the 2023-24 period.

Photo Credit: Eric Isselee/ Envato

Current Account Deficit Remains Flat in Q2

India's current account deficit remained stable at $11.2 billion. This stability was attributed to rising receipts from the services sector, which helped counterbalance an increase in the merchandise trade deficit.

Photo Credit: Freepik

Akasa Air Directors Suspended for Six Months

The Directorate General of Civil Aviation (DGCA) has mandated a six-month suspension for two senior directors at Akasa Air due to deficiencies in pilot training procedures.

Photo Credit: Akasa Air

UltraTech Cement Completes Stake Acquisition

In a significant move, UltraTech Cement has enhanced its stake in India Cements—once operated by N. Srinivasan—to 55.49% following the successful acquisition.

Photo Credit: Envato

JSW Energy's Subsidiary to Acquire O2 Power and O2 Energy

A subsidiary of JSW Energy has signed agreements to acquire several companies that focus on energy management and clean energy systems. This acquisition aligns with JSW’s strategy to expand its footprint in the renewable energy sector.

Photo Credit: Envato

Hero MotoCorp Expands Partnership with Harley-Davidson

Hero MotoCorp has broadened its collaboration with Harley-Davidson, intending to develop new variants of the Harley-Davidson X440, showcasing the ongoing partnership between the two manufacturers.

Photo Credit: Company Website

Indices Recover from Weekly Losses

The NSE Nifty 50 and BSE Sensex recovered from previous week's losses, closing higher, largely due to the rise in share prices of major companies like Mahindra & Mahindra Ltd. and ICICI Bank Ltd.

Photo Credit: Vishal Patel/NDTV Profit

NCLT Initiates Insolvency Proceedings against Hero Electric

The National Company Law Tribunal (NCLT) has started insolvency proceedings for Hero Electric, marking a significant event within the electric vehicle sector.

Photo Credit: Envato

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Economy, Companies, Acquisitions