Escalating US-China trade tensions could boost India's exports and attract American investments, as new US Senate bills may shift production away from China. India can leverage this by enhancing its manufacturing sector in electronics, textiles, and other industries, reducing reliance on Chinese products.
Adani Wilmar reports experiencing growth across its food business in various product categories and geographic regions throughout India. The company's diverse range of oils and food products, along with increased production capacity, is now providing it with a significant distribution advantage due to economies of scale.
The funds were raised through 14 rounds this week compared to 44 in the corresponding period last year.
Adani Wilmar achieved a 10% volume growth in Q2, with Food and FMCG volumes increasing by 31%. The company expanded its distribution network to 36,000 rural towns and aims for 50,000 by FY25. Revenue grew 16% YoY, boosted by edible oils, food business, and expanding e-commerce channels.
India's central bank mandates that group entities of banks cannot bypass parent guidelines for restricted business activities. Banks need RBI's prior approval for new group activities. No bank can hold over 30% of equity in any company with its group entities. Small finance banks and payments banks must follow licensing conditions.
Prime Minister Narendra Modi addressed the Kautilya Economic Conclave, emphasizing global confidence in India's economy amidst uncertainties. The conclave, organized by the Institute of Economic Growth with the Ministry of Finance, will cover themes like green financing, geo-economic fragmentation, policy principles, and AI in public policy. International scholars and policymakers will participate.
The regulatory framework issued by the relevant authority will specify how stock brokers operating on NDS-OM handle policy, eligibility, risk management, investor grievances, inspections, enforcement, and claims.
The Dow Jones Industrial Average opened up by 236.7 points (0.56%) at 42,248.26, while the S&P 500 gained 37.5 points (0.66%) to start at 5,737.48.
DroneAcharya Aerial Innovations has achieved a significant milestone by flying its FPV drones at an altitude of over 17,000 feet in Ladakh, reaching a top speed of 129 km per hour. These high-speed drones, inducted into the Indian Army in April 2024, demonstrate advanced capabilities for military operations.
Taylor Swift has acquired over 1.8 million Spotify followers since endorsing Kamala Harris for president, despite claims from Trump supporters that she has lost fan support. Her monthly listeners fell marginally, but this is a normal post-album release fall.
The National Stock Exchange (NSE), its former chief Vikram Limaye and eight others on Friday settled with markets regulator Sebi a case pertaining to alleged bypass of trading access point (TAP) system by certain brokers after paying Rs 643 crore.
The race for the White House is quite intense at this moment with the US elections set for November. Meanwhile, RFK Jr.'s endorsement has indeed mattered in a major way for Donald Trump's campaign, even more than what Taylor Sift could manage for Kamala Harris, suggest reports.
India and France are expanding their defence collaboration. European missile manufacturer MBDA plans to set up a unit in India in the next three to four years. Naval Group is providing six Scorpene class submarines to India. Euronaval 2024 in France will be a key event for discussing naval industry challenges and innovations.
Bitget Wallet has become the top finance app in the Nigerian App Store. Meanwhile, Plus Wallet offers innovative programs like Swap to Earn and Refer to Earn for users to maximize earnings. The SEC vs. Ripple lawsuit is reaching a critical point, with the outcome likely to impact XRP's market significantly.
Traders are seeking broader opportunities beyond Bitcoin this season as the crypto market awaits another period of price surges.
The government plans to subsidise charging stations for electric two- and three-wheelers. This and more in today’s ETtech Top 5.
Piramal Capital and Housing Finance on Friday said it has raised USD 150 million through a global bond sale. The bonds will be issued at a yield of 7.078 per cent and will have to be repaid in 3.32 years, according to a company statement.
Cutoshi (CUTO) is emerging as a strong challenger to Dogecoin (DOGE), attracting interest due to its focus on decentralization and DeFi. It offers a community-driven ecosystem, a decentralised exchange, and income opportunities through its farming mechanism. With its ongoing presale, Cutoshi is positioned for potential significant growth, possibly surpassing Dogecoin by 2030.
With the 2024 US Presidential Election approaching, a new poll reveals shifts in the political landscape of key ‘Blue Wall’ states.
