Bihar Deputy Chief Minister Samrat Chaudhary appointed as convenor of GoM on GST rate rationalisation. Panel includes members like UP Finance Minister Suresh Kumar Khanna and Goa Transport Minister Mauvin Godinho.
The speed of Vande Bharat and Shatabdi Express in two key routes are likely to increase by August 15 with Mission Raftaar.
The Indian rupee ended higher on Friday as mild inflows and exporter dollar sales lifted the currency after it hit an all-time low in the previous session.
But the real big story today in India, not only for two-wheelers but for across products and categories is the game of premiumisation. The young aspirational India is very much looking to upgrade themselves to premium products.
Indian equity indices, influenced by global trends, closed lower on Friday. The Sensex fell 269 points to 77,209, and the Nifty dropped 66 points to 23,501, impacted by Reliance Industries, L&T, and HDFC Bank.
According to data retrieved from ACE MF, approximately three equity mutual funds have quadrupled investors' wealth in the last 10 years. Here is the breakdown of wealth multipliers.
Nirmala Sitharaman presented the budget in 2019—the second woman to do so after Indira Gandhi
Known internally as 'Banyan,' the project would represent the first major overhaul of the voice assistant since it was introduced in 2014 along with the Echo line of speakers. Amazon is keeping pace with competitors in generative AI, given that Google, Microsoft, and OpenAI have received significant praise for their advanced chatbots. These systems can swiftly generate coherent responses to complex prompts or inquiries.
Indian major equity indices initially advanced on Friday but later retreated, as losses in the banking sector offset gains in IT stocks driven by Accenture's optimistic revenue growth forecast.
Sunil D'Souza of Tata Consumer says today's consumer who is coming of age is the consumer who is born in a liberalised India. They have seen an India which is confident, growing with an accelerating GDP. So, these consumers are very confident of going out and spending. It is not only premiumisation, the consumer will move to value also.
Budget 2024 expectations: Experts at the meeting advocated for the consolidation of all agriculture-related subsidies for transfer through Direct Benefit Transfer (DBT) and proposed a hike in the retail price of urea, unchanged since 2018. They also emphasized promoting bio-fertilisers and foliar fertilisers through subsidies.
India's sports administrators will lobby hard at the Paris Olympics for a successful 2036 Olympic bid, advocating for the inclusion of indigenous sports like yoga, kho kho, and kabaddi. The Sports Authority of India's Mission Olympic Cell has detailed strategies to enhance India's bid and improve medal prospects if the bid succeeds.
Gang leaders in North India are increasingly using social media to recruit women interested in crime, playing multifaceted roles from honey-trapping targets to executing reconnaissance and participating in lethal operations. This trend is credited to Lawrence Bishnoi and his faction, who used social media to enlist females for their criminal enterprises.
Nifty50 and Sensex gave up early gains on Friday, dragged by index heavyweights Reliance Industries and HDFC Bank.
A 54-year-old Ayurveda doctor from Andheri lost over Rs 7 lakh to a trading scam involving a deepfake video of Mukesh Ambani. Dr. K K H Patil transferred Rs 7.1 lakh, believing in the false endorsement. Similarly, Sandeep Kumar from Greater Noida lost Rs 20.54 lakh in a work-from-home scam. Police have filed FIRs in both cases.
The CBI has summoned ruling Trinamool Congress MLA Tapas Saha to appear for questioning on Friday in connection with alleged irregularities in state government department recruitments, according to an official. Saha, the Tehatta MLA, is being investigated for his involvement in the recruitment scam. Saha confirmed that he will comply with the CBI's summons for questioning.
Delhi's Rouse Avenue Court granted bail to Chief Minister Arvind Kejriwal on Thursday, citing insufficient direct evidence and potential bias in the Enforcement Directorate’s (ED) investigation into an alleged money laundering case. The court's decision came in a 25-page order.
The funds raised will also expand India's “10X” brand, making it a comprehensive food FMCG product company. The funds will also be allocated to explore future inorganic growth opportunities, including strategic mergers and acquisitions, and improve operational capabilities. These activities may be undertaken directly by the Company or through its subsidiaries or joint ventures.
The Supreme Court has granted interim bail for activist Mahesh Raut, accused in the Elgar Parishad-Maoist links case, for attending rituals following his grandmother's death. The bail will begin on June 26 and end on July 10, 2024. The terms and conditions of the release will be determined by a special court, and the National Investigation Agency (NIA) can request stringent conditions.
Domestic brokerage firm Nuvama initiated coverage on Bikaji Foods, with a target price of Rs 885, as the company has emerged as a heavyweight in the rapidly expanding Indian savoury snacks market.
Triveni Engineering & Industries Ltd acquires 36.34% stake in Sir Shadi Lal Enterprises Ltd for Rs 45 crore, enhancing its position as a major sugar producer. Vice Chairman Tarun Sawhney views the acquisition as a strategic move to boost Triveni's sugar and alcohol businesses.
BUDGET EXPECTATIONS: The Retailers Association of India (RAI) has urged the Union Budget FY25 to focus on lowering individual taxes to boost demand and consumption. RAI's pre-Budget recommendations include low-cost financing, subsidies on land and electricity, and the adoption of supportive policies to strengthen the retail sector, which contributes 10% to India's GDP
The Real Estate Research Initiative (RERI) at IIM Bangalore has signed a Memorandum of Understanding (MoU) with the Bangalore Apartments’ Federation (BAF) – a collaboration which is aimed to benefit home buyers, home owners and resident welfare associations by promoting awareness, knowledge, education and engagement.
The Kerala government will withdraw preliminary land acquisition notifications for the Sabarimala Greenfield airport in Kottayam district. The government will conduct a new Social Impact Assessment (SIA) study through a different agency following a court plea by Ayana Charitable Trust. Justice Viju Abraham closed the petition, allowing all contentions, with the government stating the airport will benefit pilgrims and boost the economy, having received site and defence clearance from the Centre.
