The fund will invest up to 35 per cent of the corpus in global stocks as and when the foreign investment limit is raised
The Indian economy could grow higher than 7 per cent and possibly closer to 7.5 per cent in the current fiscal on the back of normal monsoon and receded electoral uncertainty, economic think tank NCAER has said. In its July 2024 issue of Monthly Economic Review (MER), NCAER said real GDP grew by 8.2 per cent in FY2023-24, driven by stable consumption demand and steadily improving investment demand. "Based on the momentum in the high-frequency indicators, normalised monsoon, a relatively benign global outlook and receded electoral uncertainty... Читать дальше...
Since April 2023, rake in Rs 42,980 crore versus Rs 14,033 crore garnered by BAFs
India is among 36 countries where the CBDC is currently in the pilot stage. RBI started the CBDC pilot during the end of 2022
Hyderabad (Telangana) [India], July 29: The Unified Council is thrilled to announce the commencement of registrations for the highly anticipated Unified Council Olympiads for the current academic year. These Olympiads have gained immense recognition and popularity among students, parents, and educators nationwide.
New Delhi [India], July 29: It was a truly enchanting evening when Nine West, America's most admired fashion accessories brand, now exclusively available at Bata & India's ace couturier, Amit Aggarwal collaborated to showcase their latest styles at the FDCI India Couture Week. The association beautifully depicted the concept of 'Time' through various perspectives, highlighting the future of fashion in India. The latest collections by the two brands echoes the spirit of the modern Indian woman... Читать дальше...
Hyderabad (Telangana) [India], July 29: Subsidiary of Hyderabad based leading socks and cotton products manufacturing company Filatex Fashions Ltd (BSE - 532022, NSE - FILATFASH) has received export order worth USD 35 million for supply of 2,97,388 metric tonnes of White Marble.
In July so far, the rupee has depreciated by 0.4 per cent, against 0.1 per cent in June
Proposes amendments in definition of 'connected persons', covers more relatives under PIT Regulations
India on Monday allowed the export of 1,000 tonnes of non-basmati white rice to Namibia through National Cooperative Exports Limited (NCEL). Though exports of non-basmati white rice have been banned since July 20, 2023, to boost domestic supply, exports are allowed on the basis of permission granted by the government to certain countries to meet their food security needs on request. "Export of 1,000 MTs of non-basmati white rice to Namibia is permitted through NCEL, " the Directorate General of Foreign Trade (DGFT) said. Читать дальше...
New Delhi [India], July 29: Incorporated in 2009, Bulkcorp International is an ISO 9001:2015, ISO 14001:2015, ISO 45001:2018 and BRC certified Company, which is engaged in manufacturing and supply of Food Grade Flexible Intermediate Bulk Container ("FIBC") bags. The manufacturing unit of the Company is situated at Changodar, Ahmedabad. The company offers a wide range of customisable packaging solutions FIBC bags (Jumbo Bags). The company endeavours to maintain high safety and hygiene in plant premises... Читать дальше...
New Delhi [India], July 29: Ashapura Logistics is an integrated logistics company in India, primarily operating in Cargo handling and freight forwarding segment, Transportation (including project logistics and third-party logistics. Warehousing and Distribution and other services (including coastal movement). The company has pan-India operations through their network of 9 branch offices. Ashapura logistics is entering the equity market and has announced an Initial Public Offer to open on 30thJuly, 2024.
The court said such claims were made by the promoters and the company when people were vulnerable and would believe them
The Reserve Bank of India (RBI) is planning a five-episode web series to provide an in-depth presentation about its functions and its 90-year journey. The web series is proposed to be for nearly three hours, with each episode having a duration of 25-30 minutes, according to an official document. The RBI, which was set up in 1935, completed 90 years in April this year. "The bank is desirous of creating a web series of five episodes of approximately 25-30 minutes each, which can be aired on national TV channels and/or OTT platforms... Читать дальше...
Bharti Airtel announced that it has started re-farming its existing mid-band spectrum to accommodate the growing traffic demand on its 5G network. With more customers moving to the 5G network, Airtel is re-farming its mid-band spectrum to expand 5G services on its 1800, 2100, 2300 MHz bands across the country.
Vedanta group firm Hindustan Zinc Ltd (HZL) on Monday said it is committed to being future-ready and will explore new avenues of zinc applications in batteries. The company will explore avenues of zinc applications in batteries alongside its focus on volume enhancement, reduction in cost of production and creating value for stakeholders, Hindustan Zinc Chairperson Priya Agarwal Hebbar said in a statement. Hindustan Zinc Ltd in its efforts to support the ongoing global energy transition and thrust on emerging clean tech... Читать дальше...
Ready to begin 5G services through Standalone technology, telco says
State-owned Hindustan Petroleum Corporation Ltd (BPCL) on Monday reported a massive 90 per cent drop in net profit in the June quarter, as refinery margins fell and a fuel price reduction slashed marketing margins. HPCL reported a consolidated net profit of Rs 633.94 crore in April-June -- the first quarter of the current 2024-25 fiscal year -- compared to a profit of Rs 6,765.50 crore a year back, according to a stock exchange filing by the company. Net profit also declined sequentially, when compared... Читать дальше...
This move marks a pivotal step in delivering robust, integrated optical capabilities tailored to the US customers for their FTTx needs. Armed with the ability to deliver both advanced optical fiber cable and optical connectivity products, the company aims to strategically serve its customer base of nearly 50 in the US region. STL's Optical Connectivity portfolio, designed with the ethos of a deep understanding of networking needs, ease of installation and future-readiness, will enable its customers... Читать дальше...
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The alliance would use Microsoft Copilot for Security - a generative AI-powered security tool
Secures order worth USD 20-25 million from Turkey
The calculation and collection of revenue from the Manohar International Airport will commence in December, Goa Chief Minister Pramod Sawant told the assembly on Monday. Responding to questions raised by Goa Forward Party (GFP) MLA Vijai Sardesai, Sawant said the revenue collection holiday got extended due to the delay in completing phase I of the airport owing to litigation and the COVID-19 pandemic. These things are beyond the control of the concessionaire and the government, the chief minister said. Читать дальше...
Ceinsys Tech has been awarded further extension letter up to 31 December 2024, for one of the major projects from State Water and Sanitation Mission (SWSM), Uttar Pradesh as Consultant for Third Party Inspection (TPI) and Monitoring of Physical and Financial Progress through a Quality and Cost Based Selection (QCBS) process for various Rural Water Supply Projects for Chitrakoot cluster.
A major challenge for organisations is to justify the substantial investment in GenAI for productivity enhancement, which can be difficult to directly translate into financial benefit, said Gartner
