The central bank has increased the limit for tax payments through UPI. This and more in today’s ETtech Top 5.
With the US Presidential Elections currently being the most talked about event in recent times, conspiracy theorists have been at work, carving out their own concepts and angles about candidates, poll race, and so much more. This is how conspiracy theorists behave in recent times, in cases where they are proven wrong.
In late April, the Godrej family celebrated their settlement agreement with 1897 Armagnac brandy, symbolizing the year their group was founded. Pirojsha Godrej, who led one branch's negotiations, shared that the process was amicable, with extensive discussions but no detailed disclosure on valuations or friction management.
LIC Q1 Results: The life insurance major saw a 16% year-on-year increase in net premium income for Q1, reaching Rs 1.14 lakh crore. The company also maintained its dominant position in the Indian life insurance market, boasting of a 64.02% market share based on First Year Premium Income (FYPI).
India stood poised to seize 6-8% of Bangladesh’s monthly garment export orders short-term and 10% long-term. Socio-political uncertainties in Bangladesh could lead global brands to diversify sourcing. India’s textile infrastructure, government initiatives, and a comprehensive value chain presented it as a strong alternative.
A survey at IIT Bombay highlighted a renewed interest in core engineering roles among students, balanced with opportunities in tech. Many graduates planned to pursue advanced degrees, while only a few were interested in entrepreneurship. Placements were stressful with job interest and work-life balance being key factors. Preferred job locations were Mumbai and Bengaluru.
According to the iQOO Global Quest Report 2024, Indian Gen Z is showing a preference for large corporations over startups, with only 9% interested in entrepreneurship. New-age job fields like AI and data analysis are also attracting Indian youth despite challenges like financial constraints.
Nifty finds support at its 50-day exponential moving average (50-DEMA) but faces resistance near 24,350. A breakout above this level or a drop below 24,000 is needed for the next significant move. Despite the current negative trend, selling pressure may persist even within this range, according to Chandan Taparia of Motilal Oswal
Indian wrestler Antim Panghal denied reports of being deported and involved in a scuffle. She explained that her sister went to the police for verification of her Olympics accreditation card while retrieving luggage. The alleged incident with the cab driver was over currency exchange, not a fight.
The Competition and Markets Authority (CMA) said it now had until Oct. 4 for its so-called Phase 1 decision to either refer the artificial intelligence (AI)-focussed partnership for a deeper probe or clear it of competition concerns.
Jio Financial Services Ltd aimed to revolutionize finance in India with advanced technology and personalized products. Mukesh Ambani highlighted a focus on innovation and customer-centric solutions. The launch of the JioFinance App demonstrated this vision, promising simplified, user-friendly financial management. He anticipated continued progress with the support of stakeholders.
The Indian government decided to review dams vulnerable to Glacial Lake Outburst Floods (GLOFs) to improve spillway capacity. The Central Water Commission monitors 902 glacial lakes in the Himalayas. New dams in glacial regions must undergo GLOF studies, highlighting efforts to mitigate risks and better prepare for potential disasters.
Blackstone sold more than 33 crore units of Nexus Select Trust at Rs 135 per unit, earning $530.6 million. Its stake dropped from 43.1% to 21.3%. A 15% stake remains locked up until May 2026, and 6.3% is voluntarily locked for nine months. Nexus Select Trust, established in 2015, operates 17 malls in 14 cities.
A magisterial probe into the Delhi coaching centre tragedy found MCD officials allowed basement libraries and ignored encroachments on stormwater drains. The fire department failed to detect the basement's misuse despite inspections. The report called for strict action against negligent officials and property owners, highlighting multiple lapses in safety measures.
A Bengaluru court summoned Karnataka Chief Minister Siddaramaiah and his deputy D K Shivakumar to appear on August 29. The case concerns their involvement in a June 2022 protest organized by the Karnataka Pradesh Congress Committee against the Enforcement Directorate's questioning of Rahul Gandhi in the National Herald case, which allegedly disrupted public peace.
WFI chief Sanjay Singh asked Vinesh Phogat to rethink her retirement decision following her Olympic disqualification for being 100 grams overweight. Phogat publicly announced her retirement, feeling unable to continue. Singh plans to discuss the matter with her, also highlighting federation issues caused by arbitrary decisions from some officials, resulting in recent incidents.
Barclays Private Clients and Hurun India published the 2024 list of India's top family businesses. Reliance Industries led by the Ambani family was ranked highest. The report also covered the educational institutions attended by these leaders, such as the University of Mumbai and Harvard Business School, spotlighting their influential backgrounds.
Godrej Properties and Sobha have emerged as the highest bidders for three prime land parcels in an auction conducted by the Greater Noida Authority. The authority initially auctioned five land parcels valued at Rs 738 crore but concluded the sale at Rs 1,500 crore. Godrej Properties secured two plots, one measuring 38,771 sq meters for Rs 400 crore and another 32,350 sq meters for Rs 442 crore. Sobha won a 13,938 sq meter plot for Rs 161 crore. The remaining parcels were won by Prasu Infrabuild and Ashtech Industries.
Consumers purchased almost 75 lakh units of air-conditioners this summer in the four-month period between March to June, as per latest numbers from market researcher GfK India. Industry executives said this is more than the total number of units sold in the entire calendar 2022, over three-fourth of last year’s total sales and double of 2023 summer.
Since June, Pune has seen 73 Zika virus cases, with four deaths among patients who had pre-existing health conditions. The virus, spread by mosquitoes, particularly endangers pregnant women, potentially causing birth defects. Symptoms include fever, conjunctivitis, and muscle pain. Preventive measures involve mosquito control, while treatment involves rest and fluid intake.
The Bhartiya Vayuyan Vidheyak Bill 2024 aims to modernise aviation laws, replacing the outdated Aircraft Act of 1934, to better regulate the industry and promote growth. Aviation Minister Kinjarapu Rammohan Naidu highlighted the need for the new legislation in the Lok Sabha. He addressed concerns about ambiguities and contradictions in the current law. The bill also focuses on aligning India's aviation standards with global practices and supporting self-reliance in aircraft design and manufacturing.
