The government will monitor daily prices of 16 more essential food items from August 1, increasing the total to 38. This initiative is intended to stabilize prices and help with policy decisions. An updated app was introduced for easier price reporting. Additionally, a fund of Rs 10,000 crore was set aside for price stabilization.
A ransomware attack by the RansomEXX group has disrupted India's banking system and payment firms, affecting around 300 small-sized lenders across the country. The attack, attributed to the RansomEXX v2.0 group, began with a misconfigured Jenkins server, exploiting a vulnerability to gain unauthorized access.
Dabur India expects government initiatives to boost rural growth in the latter half of the year. In the January-March period, FMCG sales showed recovery, with rural growth surpassing urban areas for the first time in five quarters. Rural areas contribute 45%-50% to Dabur's revenue. The consumer care segment, making up 77% of Dabur’s revenue, grew by 7%, contributing to a 7% rise in total revenue.
Footballer Sunil Chhetri shared his insights on why India struggles to win Olympic medals despite its large population. He pointed to the failure in identifying and nurturing talent from a young age as the primary reason. According to Chhetri, other nations excel because they are better at talent development and support systems.
Various delegates from both sides signed several Memorandums of Understanding, aimed at strengthening the bilateral ties between both the countries. An MoU detailing the plan of action to advance comprehensive strategic partnership between India and Vietnam 2024-2028 was exchanged by Vietnam Foreign Minister Bui Thanh Son and External Affairs Minister S Jaishankar.
IT giant Infosys received notices from GST authorities alleging tax evasion of Rs 32,403 crore. The demand covers services from overseas branches from July 2017 to March 2022. Infosys maintains that GST is not applicable on these expenses and asserts compliance with all tax regulations.
Adani Enterprises Limited has approved a Scheme of Arrangement to demerge its Food FMCG business and transfer it to Adani Wilmar Limited. The move aims to provide specialized management and enhanced focus for the business. The transaction will occur on a going concern basis, with Adani Wilmar issuing equity shares to Adani Enterprises shareholders as consideration. Adani Enterprises' shareholders will directly hold shares in Adani Wilmar.
The domestic brokerage firm in its report has stated that major white goods and durables companies have raised the product prices by 2%-4% across the segments since the prices of major commodities increased in June-July period on a YoY basis. However, there is a minimal impact on volumes due to strong demand trends.
The demerger scheme also includes Adani Enterprises' strategic investment in Adani Commodities. The demerger will also provide scope for independent collaboration and expansion, it said.
The company also reported total domestic sales of 70,161 units in July 2024, marking an 11% YoY decline compared to 78,844 units sold in July 2023.
The company also reported total domestic sales of 70,161 units in July 2024, marking an 11% YoY decline compared to 78,844 units sold in July 2023.
AICC general secretary and Alappuzha MP K C Venugopal is also accompanying them. Gandhi, who won from the Wayanad Lok Sabha constituency in the 2019 general elections, had again won from here this year.
Alagh expressed her happiness in her concluding lines, appreciating her son's curiosity and the presence of cultural values in their daily lives. "I am happy to see my son asking the right questions. I am happy there is a tint of our culture in our everyday lives," she said.
So, on account of the growth on the digital, we expect that the earnings should be about 25% plus for FY25. So, it is not a one-off item for the quarter one. We expect the momentum to continue on the digital side.
An ET Now poll had predicted the PAT figure at around Rs 235 crore. The company had posted a profit of just Rs 2 crore in the last year period.
Recently, the license of a liquor company whose stock had made a comeback after many years, was suspended due to alleged violation of child labour laws. The company went to court and got a stay and normal operations were resumed. The reason why this is important is because this throws a light on many risks which small players in the liquor industry face. Also, this has to be seen in light of the fact that success of one single brand has made few small cap liquor stocks do very well in the last one year. Читать дальше...
E-auction volume and realisation price are key drivers of profitability for the miner. The company commanded an average e-auction rate of Rs 2,411 per tonne, a sharp decline of about 35 per cent from April-June 2023, when it was Rs 3,740 per tonne. An analyst said in the April-June period of 2023, the demand had exceeded supply from the power sector due to high electricity demand and strong global prices for the dry fuel led to better prices from the e-auction for Coal India in the.
Vitamin D diet tips: Medical studies have shown that lesser intake in Vitamin D rich products can result in deficiency which would trigger health issues.
Revenue from operations in the reporting period increased 12% YoY to Rs 25,472 crore, compared with Rs 22644 crore in the corresponding period of last year.
The government accused Infosys of evading taxes and sought Rs 32,000 crore ($3.8 billion), or almost all its revenue for the quarter ended June 30. In the last year, India's goods and services tax department has sent more than 1,000 notices to companies, including Life Insurance Corporation of India, Dr Reddy's Laboratories and Ultratech Cement.
