Credit ratings agency ICRA predicts a moderate growth for the auto component industry in the coming quarters due to the Red Sea crisis, higher container rates, and shipping time. The industry is expected to see a year-on-year improvement of around 50 basis-points in FY2025, benefiting from better operating leverage, higher content per vehicle, and value additions. The industry's liquidity position remains comfortable, especially across tier-I players, supported by stable cash flows and earnings.... Читать дальше...
Amazon's perceived code compliance score fell to 47% from 59% in 2023. The Groceries Code Adjudicator (GCA) 2024 annual survey shows that fewer than half of suppliers who directly supply Amazon believe the US corporation "consistently" or "mostly" adheres to the Groceries Supply Code of Practice (GSCOP).
Mihir Shah, the main accused in the Worli hit-and-run case, consumed excessive alcohol at two locations on the night of the incident, according to Mumbai police. Shah and his driver Rajrishi Rajendra Singh Bidawat confessed to their roles during interrogation. Shah was arrested in Virar after being absconding, and his father was also arrested.
The Government of India has authorized and informed that interest rate for EPF members for the Financial Year 2023–2024 is 8.25% on May 31, 2024. The EPFO said that EPF members' interest rates are not disclosed on a quarterly basis.
Prime Minister Narendra Modi shared a video on X about his Vienna visit from June 9-11, meeting President Van der Bellen and Chancellor Nehammer, receiving a guard of honour, and celebrating 75 years of friendship. Modi discussed economic ties, thanked Austria for its hospitality after a 41-year gap, and previously visited Moscow to meet President Putin.
The scheme is benchmarked against Nifty India Defence Index TRI. The fund aims to capitalise on the opportunities in the space and has seen good interest from investors. The government's focus on modernising its defence forces and push toward self-reliance should drive the long-term growth of the sector. As global geopolitical tensions rise, many nations are spending on enhancing defence capabilities.
India's palm oil imports rose 3% in June to 786,134 metric tons, while soyoil imports fell nearly 15% to 275,700 tons and sunflower oil imports increased 13.4% to 465,647 tons. Total vegetable oil imports grew 1.4% to 1.6 million tons, according to the Solvent Extractors' Association of India (SEA)
A total of 55,756 shares changed hands on the counter till 02:10PM (IST)
Union Minister Ashwini Vaishnaw of India has criticised Delhi CM Arvind Kejriwal for unresolved issues of water scarcity and garbage in the city. Vaishnaw criticized the Aam Aadmi Party (AAP) government for making false promises of cleaning the city, providing drinking water, and closing drainages, but failing to do so. Vaishnaw also criticized Kejriwal's liquor policy, which he said messed up the entire government system and raised questions about his work ethic and responsibility.
The Samyukt Kisan Morcha (SKM), which led the 2020-21 farmers' protest, made the announcement a day after its general body met. "The general body has decided to resume the agitation demanding implementation of the agreement, dated December 9, 2021, that the Union government has with the SKM, signed by the Secretary of the Department of Agriculture, Government of India, and other key demands affecting the livelihood of farmers," the SKM said.
Congress is advocating for a national legal and social security framework for gig workers in India, highlighting Karnataka's proposed Gig Workers (Social Security and Welfare) Bill, 2024 as a milestone legislation. The bill aims to establish formal rights and social security for platform-based gig workers, including setting up a welfare fund and board, ensuring worker protection and payment regulations. Congress urges the Union Budget to address the growing gig worker population and provide justice through legislation.
The Central Government of India (CGS) has announced that goods and services tax will be applied to the 1% per annum corporate guarantee fee, effective from October 23, 2023. The move is expected to provide relief to businesses facing cash flow concerns and restrict the deemed valuation to domestic transactions. The GST Council also capped the maximum fee for filing appeals in the GST Appellate tribunal at Rs 25,000 and the minimum fee at Rs 5,000.
The stock quoted a 52-week high price of Rs 9191.1 and low of Rs 6406.6.
Karnataka Congress analyzes Lok Sabha performance, acknowledges falling short of expected 14-15 seats with only 9 wins. Deputy CM questions ED raids in embezzlement case, citing ongoing investigations. NCSC notice over SC/ST fund diversion addressed. BJP's 2019 victory with 25 out of 28 seats overshadows Congress and JD-S coalition's single-seat wins.
Indian Racing Festival, a premier motorsport event in India, prepares for its third season with Sourav Ganguly, former cricket captain, now owner of Kolkata Royal Tigers Racing. Created by Racing Promotions Pvt. Ltd., the festival features the Indian Racing League (IRL) and Formula 4 Indian Championship (F4IC), showcasing high-speed action from eight city-based teams. Ganguly’s involvement adds excitement and prestige, aiming to boost motorsport popularity in eastern India.
Senior BSF and police officials met in Kathua, Jammu and Kashmir after terrorists ambushed an army patrol, killing five and injuring five more on the Machedi-Kindli-Malhar mountain road near Badnota village. The meeting aimed to review security along the International Border and address any vulnerabilities. Officials suspect the terrorists infiltrated from across the border and are conducting a massive manhunt, detaining over 50 individuals for questioning.
The stock quoted a 52-week high price of Rs 441.95 and low of Rs 262.1.
Shloka Mehta chose a golden-toned paan tissue saree to wear at the event, looking ever so graceful. Made of silk, he saree featured intricate zari work
Keystone Realtors acquired an 88-acre parcel in Kasara for Rs 91 crores, staggered over two years. CMD Boman Irani emphasized second homes demand. The 1.5 million sq ft project with 500 plots applied for RERA registration.
The UK's Trade Remedies Authority (TRA) is conducting a transition anti-subsidy review on imports of polyethylene terephthalate (PET) plastics from India, evaluating whether the current nearly 13 per cent duties should be maintained. TRA, an independent body under the Department for Business and Trade, will assess the impact on the UK industry and determine if countervailing measures are necessary to address subsidised imports, inviting affected businesses to provide input by July 25.
Justice Kumar recuses from hearing Sisodia's bail pleas in excise policy scam cases, leading to a delay in the legal proceedings. Another bench will take up the matter on July 15. The trial is yet to commence in both cases.
In June 2024, CDSL continued to gain market share in terms of the total number of demat accounts. It raised its overall market share MoM. On a YoY basis, NSDL lost 420 bps and 620 bps market share in total and incremental demat accounts respectively.
