Given how significant exports are to India’s aspirations of being a developed nation, more policy measures that can enable the country to inch closer to its goals of being a global export hub is the need of the hour.
The Samsung Galaxy Fold6, equipped with Galaxy AI, offered advanced multitasking features like Multi-Window, Circle to Search, and real-time translation, making it a versatile tool for busy individuals. Its pocketable design, robust performance, and high durability made it ideal for on-the-go productivity and creativity.
ShareChat and JioCinema have joined forces to provide exclusive short-form multilingual content centered around the Paris Olympics 2024 from July 26 to August 11. Celebrating the Olympic spirit, the partnership aims to deliver the best moments in regional languages and offer insights from sports legends and commentators. Viacom18, the official media rights owner of the Paris Olympics 2024, praised the collaboration, emphasizing the importance of making digital content accessible to all Indians and... Читать дальше...
The government, committed to fiscal discipline, has projected a reduced fiscal deficit and introduced major tax reforms impacting capital markets in the Budget. Focus has been laid on on soft infrastructure, youth employment, and support to MSMEs, highlighting inclusive development.
At the recent NATO summit in Washington, leaders focused on the high cost of overhauling Europe's defense capabilities amidst growing fears of Russian aggression. The alliance has identified major shortfalls in areas like air defenses and troop numbers, with plans to set binding targets for member nations by autumn 2025. The overhaul, NATO's biggest since the Cold War, faces challenges due to budget constraints and potential U.S. election impacts, necessitating increased European defense spending and enhanced military readiness.
Nepal Plane Crash Video (Google Trends): A Saurya Airlines plane crashed at Kathmandu's Tribhuvan International Airport, killing 18 people. The aircraft, carrying 19 individuals, caught fire after skidding off the runway. Only the captain survived. Rescue efforts were depicted on television, showing firefighters and thick smoke. Nepal's poor air safety record, with nearly 350 fatalities since 2000, is under scrutiny.
Union Minister Ashwini Vaishnaw highlighted challenges in progressing the Angamali-Sabarimala railway line project due to 'lack of cooperation' from the Kerala government. The proposed project, sanctioned in 1997-98, faces hurdles like protests against land acquisition and court cases. Vaishnaw emphasized the need for state support for land acquisition to move forward, pointing out the potential for development in Kerala if cooperation is enhanced.
The Indian government has appointed 35 specialists from the private sector to various central government departments through lateral entry since 2018, Union Minister of State for Personnel Jitendra Singh announced on Wednesday. These appointments at the levels of joint secretary, director, and deputy secretary aim to leverage specialized knowledge and expertise. Out of 63 total lateral appointments, 35 are from the private sector. Currently, 57 officers hold positions in ministries and departments.
NSSF consists of public investments in schemes like postal deposits, savings certificates, public provident fund and senior citizens' savings scheme, among others.
D-Street sentiment remained sour a day after the government raised the tax on gains from equity investments with Sensex, Nifty trading deep in the red.
India's 2024-25 budget, presented by Finance Minister Nirmala Sitharaman, includes a record capital expenditure of Rs 2,62,200 crore for Indian Railways. While major new announcements were sparse, the budget focuses on enhancing infrastructure, safety, and services, particularly for low-income travelers. Railway Minister Ashwini Vaishnaw highlights significant achievements and future goals, addressing safety concerns and balancing high-end and affordable travel.
The second big message through the budget speech because as the first speech it gives a signal on what the government's priorities will be over the next five years and those again lay the roadmap for simpler taxes, simpler duties, focus on urbanisation, focus on infrastructure development, energy security.
The video entertainment economy is projected to grow 8% annually on average, reaching $13 billion by 2028, according to a Media Partners Asia report. This growth is driven primarily by streaming video on demand (VOD), which is expected to account for half of the new revenue growth.
Tech Mahindra's Q1 FY24 revenue growth faced seasonal decline in Comviva business but saw a 24% net profit jump. Deal wins remained muted amid macro uncertainty, with TCV at $500 million. Key sectors to watch include banking and telecom, alongside margin improvements.
The real estate sector warned that removing indexation benefits for long-term capital gains would hinder its growth, affecting property owners and potentially increasing taxes. Authorities disagreed, citing high real estate returns, but experts believed low returns could still be an issue. Industry leaders viewed the change as beneficial for new investors with lower long-term capital gains tax rates.
Bajaj Finance reports a 14% YoY increase in net profit but falls short of Street estimates. Brokerages have mixed views on the first quarter results, with concerns over credit costs and growth prospects.
Congress paid tribute to former PM Manmohan Singh for his role in shaping India's economy, on the anniversary of the 1991 Economic Reforms. Singh's 1991 budget marked a shift towards liberalization, globalization, and privatization. His powerful speech set the stage for rapid economic growth, including the establishment of the National Stock Exchange in 1992 as well.
TDS on salary budget 2024: The income tax slabs are proposed to be changed in the new tax regime. This will reduce the amount of TDS on salary that will be deducted for certain employees. Read on to know who will benefit and who will not benefit.
Thyrocare’s pathology and radiology segments’ revenues grew 16% and 15% YoY, respectively. Meanwhile the revenue from partnerships surged 29% YoY and franchise revenue saw an increase of 11% YoY.
Nestle India sustained its growth in Q1 2024, with revenue rising by 9% and profit after tax increasing by 13% year-on-year. The company benefited from deflation in palm oil and milk prices, improving EBITDA margins. Analysts highlighted urban and rural demand trends and raw material costs as key factors to watch.
In a report earlier this month, the Pentagon said that Russia and China were increasingly collaborating in the Arctic, noting that Russia has reopened hundreds of Soviet-era military sites there while China is eyeing mineral resources and new shipping routes. The Kremlin said on Tuesday that some of the Pentagon report's contents had a confrontational flavour.
After Chairman Jagdeep Dhankhar rejected notices under Rule 267 that called for the suspension of the listed agenda to take up the issue, Leader of Opposition and Congress president Mallikarjun Kharge said the Union Budget for the 2024-25 (April 2024 to March 2025) fiscal year provided funds and schemes for only two states -- Bihar and Andhra Pradesh.
The stock traded at a P/E multiple of -267.76, while the price-to-book value ratio stood at 10.16.
