From connectivity woes to infrastructure advancements and the startup boom, there is a gulf between claims and reality in India's economic landscape
It would be prudent to take up a few sectors initially, get the policy instruments right, and put in the critical mass of resources to achieve a self-sustaining inflexion point
The Indian economy is likely to sustain its high growth trajectory in FY2024-25, driven by strong momentum in fixed investments and a pickup in private consumption, said conglomerate ITC in its latest annual report. Besides, there are "green shoots of recovery in rural markets", improving employment conditions and sustained momentum in manufacturing and services sectors, which augur well for consumption demand in the near term, it added. The growth would also be supported by a good Rabi harvest and normal monsoons... Читать дальше...
Markets regulator Sebi on Friday cancelled the registration of LFS Broking and barred its MD Saiyad Jiyajur Rahaman from being employed or associated with any registered intermediary for five years for violating market norms. The regulator also cancelled the registrations of LFS Broking as a stockbroker, portfolio manager, depository participant, and research analyst. "I note that since the Noticee No. 2 (Saiyad Jiyajur Rahaman) has not acted with integrity, and honesty and has not displayed ethical behaviour and fairness... Читать дальше...
Xenophobic populist right is set to take control of France, the US, and the UK - thanks to critical miscalculations by centre-left and centre-right leaders
The takeover will value the optical telecommunications maker's equity at $6.65 per share, the companies said in a statement late on Thursday
Mumbai-born software engineer-turned-international cricketer Netravalkar embodies the hardworking Indian immigrants who make the US their home through talent, grit, and hard work
The Jharkhand cabinet on Friday approved a proposal to increase entitlement of free electricity from 125 units per month to 200 units per month for domestic consumers, an official said. Briefing the press, Cabinet Secretary Vandana Dadel said the government will bear an additional burden of around Rs 21.7 crore per month for this. Around 41.4 lakh consumers would benefit because of this increase in entitlement, she said. At the cabinet meeting, 40 proposals were approved. Among the significant ones... Читать дальше...
Forecasting models "failed" to predict the extreme weather event that took Delhi residents by surprise early Friday, resulting in a record 228.1 mm of rainfall, meteorologists said. This amount is more than three times the June average of 74.1 mm and the highest for the month since 1936. An IMD official explained that the monsoon winds interacted with the remnants of a western disturbance, causing heavy rains in Delhi, Himachal Pradesh, and Jammu and Kashmir. Independent scientists suggested that... Читать дальше...
Munjal questioned Raveendran's leadership and his ability to take feedback
If current losses hold, Nike's shares were set for their worst day in more than two decades and wipe out nearly $27 billion in market value
The move is expected to benefit more than 700,000 EPS members every year who leave the scheme with less than six months of contributory service
Inflation had rebounded in the first quarter but it has been retrenching over the past few months, along with a slowdown in economic activity
The Reserve Bank of India (RBI) recently fined HSBC Bank Rs 29.6 lakh for not following credit card rules. But what does this mean for you, the credit card user?
Iffco recently exited TOPL by selling its 49 percent stake to Swan Energy for Rs 440 crore
Diversified conglomerate ITC has said consumer spending on the company's FMCG products has increased 12 per cent to nearly Rs 32,500 crore in FY24 with over 25 crore households having access to its various brands. ITC measures annual consumer spending as the sum total of what consumer spends on buying goods of the company. It is the net sales turnover of the brands along with channel margins and taxes. The FMCG portfolio of over 25 world-class Indian brands, largely built through an organic growth... Читать дальше...
Pune, Bengaluru and Hyderabad will drive growth in the near term in contrast to the prior two years when it was NCR and MMR
Within the retail segment, credit growth in housing, the largest constituent of the retail category
Ashwani Kumar, president of the Federation of Indian Export Organisations (FIEO), expressed disappointment for exporters who are exporting products under 410 tariff lines
Capital markets regulator Sebi on Friday proposed mandatory disclosure of 'risk-adjusted return' along with the return of a mutual fund scheme to help investors make informed investment decisions. Risk-adjusted return (RAR) of a scheme portfolio represents a more holistic measure of the scheme's performance because it quantifies the amount of return generated by a mutual fund scheme for each unit of risk taken to achieve that return. The current regulatory framework does not mandate the disclosure of RAR along with the returns of an MF scheme. Читать дальше...
Dhankhar bemoans Kharge entering Rajya Sabha Well
The good FATF rating obtained by India will enable domestic companies to access overseas investments without going through elaborate background checks and enhanced due diligence process, highly placed sources said. The global crime watchdog, FATF on Friday adopted mutual evaluation report on India and placed the country in "regular follow-up" category. The Financial Action Task Force (FATF) hailed India for achieving high level of technical compliance. It said the country's efforts towards anti-money... Читать дальше...
States and Union Territories also plan to borrow up to Rs 2.63 trillion through state government securities over the same period
Shares of Trump Media, the owner of social networking site Truth Social, jumped 5 per cent at the opening bell on Friday after the first US presidential debate, with some investors believing it could become a bigger mouthpiece for the former president if he is re-elected. President Joe Biden and former President Donald Trump clashed on Thursday evening on topics including abortion, immigration and the January 6, 2021 attack on the US Capitol. Biden's performance was largely seen as uneven, particularly early on. Читать дальше...
Good harvest will help tame food inflation
