PayU to onboard new merchants as it gets PA license from RBI
PayU has received in-principle approval from The Reserve Bank of India (RBI) to operate as a payment aggregator. The nod will also allow the fintech firm to onboard new merchants on its platform. Back in January 2023, the apex banking body (RBI) had asked PayU to reapply for the license and consequently, the Prosus-controlled firm Continue reading PayU to onboard new merchants as it gets PA license from RBI The post PayU to onboard new merchants as it gets PA license from RBI appeared first on Entrackr .
Why TV distributors are betting on bundling
TV broadcast distribution companies are bundling traditional and digital services to arrest subscriber churn with platform-agnostic content consumption and on-demand viewing getting more prevalent, say industry executives.Having lost customers to over-the-top (OTT) platforms, traditional TV distribution platforms are looking at bundled services to retain customers. In 2023, the domestic pay TV industry lost two million customers, according to a Ficci-EY report.Telecom operators Bharti Airtel and Reliance Jio have been bundling data and content for several years. Among standalone players, DTH company Tata Play has been bundling linear TV and OTT offerings for subscribers through a single billing.Airtel is offering a combination of direct-to-home (DTH), broadband, and OTT through the Airtel Black plan, while Jio has been providing linear TV and OTT through wired broadband service, JioFiber. In fact, Airtel Black has helped the Bharti Airtel-owned DTH platform, Airtel Digital TV, build customer stickiness. Today 25% of our DTH acquisitions are happening through the converged plans, Bharti Airtel CEO Gopal Vittal said during the company's Q3 earnings call.Dish TV has also launched an integrated bouquet that offers both linear TV and OTT content to consumers for the same price. The move is part of the company's strategy to stem customer churn and save capex on new customer acquisitions.We felt that there is a need gap in the market to provide a bundled offering to customers who want one subscription for both TV and OTT content, said Dish TV CEO Manoj Dobhal. He added that the initiative will help the DTH company retain subscribers amid increasing churn in the industry.109541777Our capex will come down if we manage to retain subscribers because of this initiative. It will also help us acquire new customers, Dobhal said. Cable TV operator GTPL Hathway is bundling cable TV services with broadband to retain customers. Both DTH and cable TV service providers are facing 0.5-1% customer churn every month. During its Q4 earnings call, GTPL Hathway chief strategy officer Piyush Pankaj said the company's overarching strategy involves the convergence of both cable TV and broadband services to provide holistic bundles to subscribers. He also added that the company is adding other services such as gaming, OTT, and TV to offer a holistic offering to subscribers.This will not only help improve customer stickiness, thereby reducing the churn but will also help us increase our ARPU and thus improve our margins, Pankaj said.
India's GDP growth can average 7.5% till 2030: Nomura
The Tokyo-headquartered investment banking firm said India's GDP growth is likely to average 7% from 2024-25 to 2029-30.
Lok Sabha election: Bhati's fans 'preparing a new Modi'
Sheo MLA, an Independent challenger, campaigns in Barmer against BJP MP and Congress candidate. Based on the significant turnout at his recent roadshows and rallies, Bhati has emerged as a strong contender against BJP MP from Barmer, Kailash Choudhary. Adding another dimension to the competition is Ummeda Ram, the Congress candidate who recently switched allegiance from the Rashtriya Loktantrik Party.
Raiganj LS Seat: Trinamool, BJP, and Congress lock horns in political switcheroo
In the Raiganj Lok Sabha constituency, a unique political showdown is underway as candidates switch sides. Trinamool's Krishna Kalyani, who defected from BJP, faces BJP's Kartick Paul, a former Trinamool member, and Congress' Imran Ali Ramz (Victor), a Forward Bloc descendant. While Trinamool aims to strengthen its grip, BJP seeks to regain lost ground. Victor, with a strong local base, adds to the intriguing contest. Raiganj, historically diverse, promises an exciting electoral battle on April 26.
Report flags Manipur HR abuse, US says in touch with India
India and the United States regularly consult at the highest levels on issues like democracy and human rights, a senior US State Department official said on Monday, after a US government report alleged that there were significant human rights abuses in Manipur last year.
Recent geo-politics shows nations won't hesitate to go to war: Manoj Pande
The top officer said that there is a need for partnering with the industry to develop new technologies for future wars and creating 'national champions' to develop a strong defence industry eco system at the scale of global arms manufacturers.
Louvre museum in Paris to turn into a gymnasium ahead of Olympics!
The world's biggest museum is to offer visitors the chance to take part in dance, yoga and work-out sessions with instructors and coaches while gazing upon its world-renowned paintings and sculptures.
As Delhi drowns in garbage, here's what experts say
The Oscar-winning star said she was worried about being called difficult for not adhering to the industry standards at the time.
NARCL raises 670 cr in fresh equity from existing shareholders
The government-promoted National Asset Reconstruction Company (NARCL) has raised 670 crore equity from existing shareholders and is in the process of raising 3,200 crore debt to support its plan to acquire 1 lakh crore of stressed assets. However, the bond issuance has faced challenges due to pricing differences between existing shareholders and the NARCL board. The ARC aims to raise funds through a five-year bond and fund-based limits but is negotiating the coupon rate with shareholders.
Time to Embrace Economic Nationalism, VP Jagdeep Dhankhar tells Corporate India
Urges captains of industry to pool part of their CSR to build world class R&D Centres and institutes of global eminence within the country
Oscar: More Composers Can Compete For Golden Lady; New Runtime Criteria Introduced
Oscar: More Composers Can Compete For Golden Lady; New Runtime Criteria Introduced
Why a stronger dollar is dangerous
It sets the stage for a nasty new Trump-China clash, among other things
Power surge: 7 bids flood in for giga-scale ACC manufacturing under PLI scheme
Governments PLI initiative sees unprecedented response, with bids soaring seven times the manufacturing capacity of 10 Gwh to be awarded
Lack of accessible training programmes hits movement of dangerous goods
DGCA approval of DG Training Programme has reportedly not been renewed after it expired on March 31, 2024
DGCA approval of DG Training Program has reportedly not been renewed after it expired on March 31, 2024
Trump lawyer 'losing credibility' in trial
The judge overseeing Donald Trump's criminal hush money trial on Tuesday told Trump's lawyer he is losing all credibility as he considered whether the former president should be punished for violating a gag order that prevents him from publicly criticizing witnesses and others involved in the case. Prosecutors asked Justice Juan Merchan to fine Trump $10,000 for violating the order. Defense lawyer Todd Blanche argued that Trump should not be punished for responding to political attacks. Merchan said he would not immediately rule on the prosecution's request. At a hearing to consider the issue, Merchan appeared to grow frustrated after Blanche did not provide specific examples of the attacks to which Trump was said to be responding. The judge said Blanche he had neither case law nor evidence to back up his argument. You've presented nothing, Merchan said. I've asked you eight or nine times, show me the exact post he was responding to. You've not even been able to do that once. Mr. Blanche, you're losing all credibility. I have to tell you right now, you're losing all credibility with the court, the judge added. The judge's gag order prevents Trump from publicly criticizing witnesses, court officials and their relatives. Trump has said it is a violation of his constitutional free speech rights. New York prosecutor Christopher Conroy said Trump has run afoul of the order with posts on his Truth Social platform. Defendant has violated this order repeatedly and hasn't stopped, Conroy told Merchan. The court should now hold him in contempt. Conroy pointed to an April 10 post that called porn star Stormy Daniels and his former lawyer Michael Cohen sleazebags. Both are expected to testify in the first criminal trial of a former U.S. president. Conroy said other posts led to media coverage that prompted a juror last week to withdraw over privacy concerns. He knows what he's not allowed to do and he does it anyway, Conroy said of Trump. His disobedience of the order is willful. It's intentional. The $10,000 fine sought by Conroy would be a relatively small penalty for Trump, who has posted $266.6 million in bonds as he appeals civil judgments in two other cases. Conroy said he was not at this point asking Merchan to send Trump to jail for up to 30 days, as New York law allows. The defendant seems to be angling for that, Conroy said. Blanche said his posts were responses to political attacks by Cohen and not related to his former lawyer's expected testimony. He's allowed to respond to political attacks, Blanche said. FALSIFYING BUSINESS RECORDS Trump was charged by Manhattan District Attorney Alvin Bragg with falsifying business records to cover up a $130,000 payment shortly before the 2016 U.S. election to buy the silence of Daniels about a sexual encounter she has said they had in 2006. Trump has pleaded not guilty and denies such an encounter took place. Prosecutors have said it was part of a wider conspiracy to hide unflattering information from voters at a time when he was facing multiple accusations of sexual misbehavior. Trump went on to win the 2016 election narrowly. In his opening statement on Monday, defense lawyer Todd Blanche said Trump did not commit any crimes. Blanche said Trump acted to protect his family and his reputation and accused Daniels of trying to profit from a false accusation that they had sex. On Tuesday, jurors are expected to hear more testimony from former National Enquirer publisher David Pecker, who prosecutors say participated in a catch and kill scheme to suppress unflattering stories about Trump and help him get elected. Pecker, 72, testified on Monday that his company paid for stories - an unusual practice in journalism. American Media, which published the National Enquirer, admitted in 2018 that it paid $150,000 to former Playboy magazine model Karen McDougal for her story about a months-long affair with Trump in 2006 and 2007. American Media said it worked in concert with Trump's campaign, and it never published a story. The tabloid reached a similar deal to pay $30,000 to a doorman who was seeking to sell a story about Trump allegedly fathering a child out of wedlock, which turned out to be false, according to prosecutors. Trump has said the payments were personal and did not violate election law. He has also denied an affair with McDougal. The case may be the only one of the Republican Trump's four criminal prosecutions to go to trial before his Nov. 5 election rematch with Democratic President Joe Biden. A guilty verdict would not bar Trump from taking office but it could hurt his candidacy. Reuters/Ipsos polling shows that half of independent voters and one in four Republicans say they would not vote for Trump if he is convicted of a crime.
Indias farm exports in April-Feb 2023-24 decline 8.8% to $43.7 billion
APEDA working on detailed plan to promote exports of 20 products that are not regulated
How to build a 3 crore corpus to start a business?
You need a monthly investment of 1.15 lakh to reach your goal of 3 crore. While it is not easy to reduce your expenses from 1 lakh to 45,000 per month, you can consider another strategy.
Demat Account: How to resolve disputes related to transactions? Here are 6 steps to follow
In case of disputes, investors can file complaints or grievances with market participants to seek resolution and protect their rights. If the issues aren't resolved satisfactorily, investors can turn to initiatives like the Common ODR Portal introduced by SEBI for additional support.
Volkswagen Taigun GT Line and GT Plus Sport launched in India: Here's what's new
Volkswagen has unveiled two new variants of its Taigun SUV in India, offering enhanced features and a sportier driving experience. Priced competitively, these variants are expected to attract SUV enthusiasts in the country. The company aims to further expand its presence in the Indian market with these new offerings.
Air India, Vistara looking to complete merger by Oct end
To minimise the migration hassle, ticket saleson dates beyond actual merger could be stopped on Vistara reservations system
India pips China to become the largest electric 3W market globally in 2023
One in five 3Ws sold globally was electric, and about 60 per cent of those were sold in India
Cashew kernel exports touch a 7-year low at $339 million in FY23-24
Growing value addition in African countries and rising processing costs impact shipments
Patanjali case: SC intensifies focus on misleading ads by FMCG companies
The apex court also took a dig at Patanjali Ayurveds public notice tendering unqualified public apology, asking if the size of the apology put out in 67 newspapers was similar to its full-page advertisements that it normally issued for its ayurvedic products. It asked Patanjali to bring on record within two days the original apology published in newspapers so as to check the size of the advertisement.
Y Combinator alum Matterport is being bought by real estate juggernaut Costar at a 212% premium
The transaction represents a premium of a whopping 212% over Matterports last closing share price before the deal was announced on April 22. 2024 TechCrunch. All rights reserved. For personal use only.
Why is extreme weather posing a risk to inflation according to RBI Bulletin
The Reserve Bank of India's April Bulletin highlights the risk of inflation due to extreme weather conditions and geopolitical tensions. The retail inflation based on the CPI has eased to 4.9% in March. The global growth momentum has been sustained in the first quarter of 2024, and the outlook for world trade is positive. India's economy is poised for growth, with conditions supporting an uptick in real GDP growth.
RBI economists cautious as inflation risks linger
They are flagging off risks from extreme weather conditions that would pose risks to inflation along with risks from the geopolitical tensions that could flare up crude prices. In their assessment of the economy, the RBI economists in its latest monthly bulletin also say that the economy has to grow 8-10 percent every year to reap the demographic dividend.
Flash composite PMI surges to 14-year-high of 62.2 in April
Strong performance in both the manufacturing and service sectors, led by increased new orders, resulted in the highest composite output index since June 2010, said HSBCs chief economist
Pricing key for health insurance of older citizens
The insurance regulator's move to prod insurance companies to sell health products to all age groups, including those above 65, is aimed at increasing penetration though there would be challenges on pricing due to higher risk perception, experts said. While there was no regulatory cap on age for health insurance policies, most companies had an internal policy which did not allow them to sell health insurance products to persons over 65.
Mandatory CGHS ID ABHA ID linking: Deadline extended
A dummies guide to controlling derivatives trading
We think, if the exam is mandatory, then first, it needs to go way beyond theory, and second, perhaps, it needs to be free. With investor protection fund coffers overflowing, this is a no-brainer.
FSSAI launches probe into MDH and Everest products
The Food Safety and Standards Authority of India (FSSAI) has commissioned a quality check on MDH and Everest products. This follows complaints that several popular spice mixes of the two leading brands contained traces of ethylene oxide more than the permissible levels, official sources said. This move by FSSAI comes after Hong Kong and Singapore recalled variants of the two masala majors' products in their countries.
South Korea, Romania pledge defence cooperation amid reports of contract in works
South Korea and Romania have pledged to enhance defense industry cooperation, including joint production of weapons, as South Korea aims to become the world's fourth-largest arms exporter. South Korea's Hanwha Aerospace is reportedly in talks for a 1 trillion won ($725.7 million) deal to supply K9 howitzers to Romania, its first defense contract with the country. Meanwhile, Poland is set to sign a $1.6 billion contract for 70 Chunmoo rocket artillery units from Hanwha Aerospace, as part of its $22 billion arms purchase from South Korea.
The UK pledges $620 million in new military aid for Ukraine
The UK has pledged an additional $620 million in military supplies for Ukraine, including long-range missiles and ammunition, amid the ongoing conflict with Russia. Prime Minister Rishi Sunak confirmed the assistance in a call with President Zelenskyy, emphasizing UK's support against Russia's aggression. The aid includes vehicles, boats, munitions, and British Storm Shadow missiles. Zelenskyy expressed gratitude, noting the impact on Ukrainian defenders. The announcement follows the US approval of $61 billion in aid for Ukraine. However, it's unclear when the UK aid will be delivered, as Ukraine faces ammunition shortages and ongoing Russian advances.
Gaza War: Israel provided no evidence for allegations against UNRWA staff, says Colonna report
FarEye spent Rs 361 Cr to earn Rs 139 Cr in FY23
SaaS-based logistics management platform FarEye showcased a modest 42% year-on-year growth during the fiscal year ended March 2023 but the firms losses worth Rs 243 crore flattened from the previous fiscal year but remained high. FarEyes revenue from operations grew 41.8% to Rs 139 crore in FY23 from RS 98 crore in FY22, its consolidated Continue reading FarEye spent Rs 361 Cr to earn Rs 139 Cr in FY23 The post FarEye spent Rs 361 Cr to earn Rs 139 Cr in FY23 appeared first on Entrackr .
Demat Account: How to rematerialise securities? Here's a step-by-step guide
Dematerialisation and rematerialisation are processes of converting shares between electronic and physical forms.
Pension regulator shortlists four bidders for digitisation project
Pension regulator to pick system integrator for digital platform PFRDA-TRACE
Sensex pares early gains, ends up 90 points
From the Sensex basket, Bharti Airtel, Nestle, Maruti, Tata Motors, HCL Technologies, NTPC, Asian Paints and State Bank of India were the major gainers. Sun Pharma, Reliance Industries, Mahindra and Mahindra, JSW Steel, Tech Mahindra and Bajaj Finance were among the laggards.
Detailed action plans for 20 agri products likely in 3-4 months to boost exports
Government plans to boost exports of 20 agri products, aiming to increase India's global share to 4-5%. Potential export markets include the US, Malaysia, and Canada. APEDA's sea route protocols help reduce logistics costs.
Israel outweighs Iran in trade with India since 2019
Trade links with Israel have strengthened in the past few years, even as the value of goods exchanged with Iran has diminished. Iran accounted for $3.9 billion worth of India's exports in the four quarters ending December 2019, compared to $3.6 billion to Israel. However, India's exports to Iran dropped to $1.2 billion as of December 2023, on a rolling four-quarter basis, while exports to Israel grew to $6.1 billion in the same period.
No ease of living for MF investors hit by repeated KYC rule changes
Mutual funds have been asking investors to update their KYC OVDs, mainly Aadhaar, by 1 April to meet regulatory requirements.
Mirae Asset Mutual Fund tells investors to be careful of buying overseas ETFs on exchange
Mirae Asset Mutual Fund said, there may be potential impact on the liquidity and trading price of these ETFs on the exchanges where they are still bought and sold. This is because the trading price of the overseas ETFs on the exchange may be different from its indicative intraday value (I-NAV).
Apple's Q1 phone shipments in China tumble
Apple's smartphone shipments in China tumbled 19% in the first quarter of the year, the worst performance since 2020, as its dominance in the high-end segment came under pressure from Huawei's [HWT.UL] new product launches, market data showed. Apple's share in the world's biggest smartphone market fell to 15.7% in the first quarter from 19.7% a year earlier. That put it almost level with Huawei, which saw sales jump 70%, according to research firm Counterpoint. Apple lost its crown as the biggest smartphone seller in China to rival Vivo, sliding to third place in the quarter, followed by Huawei whose market share jumped to 15.5% from 9.3% a year earlier. Honor, a mass market brand spun out of Huawei, was in second place. Huawei's comeback has directly impacted Apple in the premium segment. Besides, the replacement demand for Apple has been slightly subdued compared to previous years, said Counterpoint analyst Ivan Lam in the press release. For the second quarter, the possibility of new color options combined with aggressive sales initiatives could bring the brand back into positive territory, Lam said, adding it is seeing slow but steady improvement in weekly iPhone sales. Throughout the first quarter, Apple launched campaigns to entice consumers with discounts, including subsidizing certain iPhone models by as much as 1,300 yuan ($180). Huawei last week released its Pura 70 series of high-end phones after launching the Mate 60 series in August. The Mate 60 was seen as a comeback for the Chinese firm in the high-end market and described as a triumph over U.S. sanctions on the company, as the handsets contain an advanced China-made chip. U.S. Commerce Secretary Gina Raimondo said on Sunday that the chip powering Huawei's flagship phone is not as advanced as American chips, arguing it showed U.S. curbs on shipments to the telecoms equipment giant are working. Canadian research firm TechInsights expects overall shipments in China this year to top 50 million units, including 10 million for the Pura 70 series. That would make Huawei the No. 1 seller with a 19% market share, up from 12% in 2023. In the first quarter, China's smartphone market grew 1.5%, marking the second consecutive quarter of positive growth, according to Counterpoint.
Flipkart Ventures to focus on Gen AI startups in third accelerator program
Flipkart Ventures has invited applications for the third cohort of its accelerator programFlipkart Leap Ahead (FLA). As per Flipkart Ventures, the selected companies that leverage GenAI in their core solutions across sectors will receive equity investments between $200,000 and $500,000. Early-stage tech startups can submit their applications from April 22 to May 26, 2024. As Continue reading Flipkart Ventures to focus on Gen AI startups in third accelerator program The post Flipkart Ventures to focus on Gen AI startups in third accelerator program appeared first on Entrackr .
RBI announces premature redemption price for Sovereign Gold Bonds. Here is how it is calculated
The RBI has announced the early redemption price for Sovereign Gold Bonds issued in 2017-18 and 2018-19. Understanding the calculation method, which involves the average of the last three business days' closing prices of 999 purity gold, is crucial for investors.
Persistent aspires to be $2 bn plus co in 3 yrs: CEO
10 gram Gold price at Rs 2 lakh in 6 yrs or 18 yrs?
Awfis, TBO receive final nod from SEBI for IPO
Co-working solutions provider Awfis has received the final nod from securities and exchange board of India (SEBI) for its initial public offering (IPO), the market watchdog notified on Tuesday. The Delhi-based firm had filed its draft red herring prospectus (DRHP) with SEBI for IPO in December last year. The firm had proposed to raise funds Continue reading Awfis, TBO receive final nod from SEBI for IPO The post Awfis, TBO receive final nod from SEBI for IPO appeared first on Entrackr .
India#39;s sugar demand surges in heat wave and election season
Higher consumption would lift local prices and boost margins of sugar producers such as Balrampur Chini, Shree Renuka Sugars, Bajaj Hindusthan, and Dwarikesh Sugar and help them in making cane payments on time to farmers.
2022 in Review: 7 small financial steps to take for a better 2023
As 2022 ends, you might consider organising and planning for a better 2023. Here are some simple actions that will help you get ahead and give you peace of mind when dealing with money issues.
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LDF MLA's DNA remark against Rahul Gandhi triggers political row ahead of LS polls
LDF MLA Anwar suggests DNA test for Rahul Gandhi, sparking controversy over remarks against Vijayan. Congress files complaint, AICC Secretary condemns CPI (M) involvement in derogatory comments.
In a landmark ruling, the Supreme Court declared that two-year childcare leave, alongside mandatory maternity leave, is a constitutional right for women employees. The bench, led by Chief Justice D Y Chandrachud, emphasized that denying such leave forces women to resign. The decision came following Shalini Dharmani's plea, a Himachal Pradesh assistant professor, whose child requires constant care. The court directed the state to establish a committee for policy review.
World Book and Copyright Day 2024: Theme, history, significace and more
World Book and Copyright Day celebrates reading's impact globally, honoring renowned writers like Shakespeare and Cervantes. The 2024 theme 'Read Your Way' emphasizes nurturing a love for reading across all ages.
Export buying pushes up orthodox leaf prices in Coonoor tea auctions
According to traders, Iraq is one of the major buyers of medium quality orthodox teas from South Indian auctions
Enough powder to ignite stocks, if...
Stocks in the automotive, financial, cement, metal, and hotel sectors are likely to benefit if the Narendra Modi-led Bharatiya Janata Party (BJP) comes back to power for a third time. The key investment themes have been identified after analysing the Sankalp Patra - the party's manifesto for the next five years - released on Sunday.
New orders point to further gains for HAL
Hindustan Aeronautics (HAL) is one of the largest beneficiaries of the defence indigenisation programme. The aerospace Public Sector Undertaking (PSU) has just received a new tender for 97 Light Combat Aircraft (LCA) Tejas Mk1A, and it is already servicing an earlier order for 83 LCA aircraft. The new order is worth around Rs 65,000 crore with a 65 per cent indigenisation component, whereas the earlier order (February 21) was worth Rs 45,700 crore with 55 per cent indigenisation.
DGS issue advisory to ensure safety of Indian seafarers operating near Iran, Israel
The advisory has been issued considering the security risks and potential hazards associated with operating in the vicinity of Iran and Israel, as highlighted in the DGS circular.
Seven-year-old unicorn Open struggles to match deeds to reputation
Neo-banking platform Open turned unicorn after a $50 million funding led by IIFL along with the participation of Tiger Global in May 2023. Despite the eminent status and significant funding, the scale and bottom line of the seven-year-old firm remained questionable as its enterprise value to revenue multiple stood at 260X until March 2023 (FY23). Continue reading Seven-year-old unicorn Open struggles to match deeds to reputation The post Seven-year-old unicorn Open struggles to match deeds to reputation appeared first on Entrackr .
Nabhdrishti Aerospace raises pre-seed round led by IIMA Ventures
Deeptech startup Nabhdrishti Aerospace has raised Rs 3 crore in its pre-seed round led by IIMA Ventures (Formerly IIMA-CIIE). The proceeds will be used to develop fuel flex combustor prototype via thorough testing on the fuel injector and combustor, the company said in a press release. This will enable the company to showcase the proprietary Continue reading Nabhdrishti Aerospace raises pre-seed round led by IIMA Ventures The post Nabhdrishti Aerospace raises pre-seed round led by IIMA Ventures appeared first on Entrackr .
Cong's wealth redistribution idea pathetic: Venkatesh
How to consolidate credit card debt with a personal loan? Here are 5 important steps to follow
Using a personal loan to consolidate credit card debt can be a strategic approach to debt management and could lead to potential savings.
Indians across all age groups concerned about water scarcity: Study
Four in five people across all generations are concerned about clean and safe water.
Indias Composite Flash PMI for April signals very strong economy
The increasing momentum provides a fundamental basis to the optimism in the Indian equity market
Indias Composite Flash PMI for April signals very strong economy
The increasing momentum provides a fundamental basis to the optimism in the Indian equity market
Financing your path to success: All you need to know about education loans
Education loans bridge the gap between available funds and required amounts, covering essential fees and expenses for various courses. Banks offer up to 100% financing based on factors like course type and loan amount.
Investors In India Needs Red Carpet, Not...
'India needs many more job creators, both in manufacturing and services, to make it big.' 'For that, the red carpet must be rolled out fully and for all investors without holding back,' suggests Nivedita Mookerji.
India's business growth at near 14-year high
India's business activity expanded at its fastest pace in nearly 14 years this month thanks to robust demand, according to a survey released on Tuesday that also showed easing input inflation and positive jobs growth.That suggests India is well placed to remain the fastest growing major economy this year after posting strong expansion over the past few quarters.HSBC's flash India Composite purchasing managers' Index , compiled by S&P Global, rose to 62.2 this month from March's final reading of 61.8.The reading has been consistently above the 50-mark separating expansion from contraction since August 2021.Strong performance in both the manufacturing and service sectors, led by increased new orders, resulted in the highest composite output index since June 2010, noted Pranjul Bhandari, chief India economist at HSBC.The strong expansion was led by services activity , with the index rising to a three-month high at 61.7 from March's 61.2, thanks to new business - a key gauge for demand - accelerating.A manufacturing PMI held strong at March's 59.1 this month. Both output and new orders for goods continued to grow at a robust pace, albeit slightly slower than last month.Overall international demand was solid and the composite sub-index rose to the highest since it was added to the survey in September 2014.Strong sales improved the business outlook for the coming 12 months from a four-month low in March.Efforts to meet rising demand supported jobs growth, which was the most pronounced in manufacturing where it increased at the fastest pace in one-and-a-half years.However, employment generation among services firms was slower than in March.Meanwhile, input costs cooled for both goods producers and their services counterparts but demand strength enabled passing on expenses to customers.A stronger increase in output costs among manufacturing firms contrasted with a slower rise in the services industry.Manufacturing margins improved in April as firms were able to pass on higher prices to customers due to strong demand conditions, added Bhandari.That means inflation may not fall fast enough for the Reserve Bank of India to start considering rate cuts any time soon as price rises were likely to stay above the central bank's 4% medium term target for longer.
Bihar has no manufacturing unit listed on stock exchange
Data from BSE shows that as of April 22, although Bihar accounts for just 2.65% of the total number of registered investors on BSE, it has witnessed a rise of over 10% in the last quarter and over 47% in the past year
'LS election outcome can trigger market correction'
While the markets have factored in a number close to 350 for the BJP and almost 400 for the NDA, 50 seats fewer could trigger a market correction
Apart from the Coal Ministry, the Railways, the Ports, Shipping and Waterways Ministry and Power Ministry are part of this inter-ministerial group
CPI(M) files complaint against PM Modi
K'taka CM gets garland made of free bus tickets
Real estate players gear up for next wave of homebuyers
Rising rental incomes have boosted rental yields, attracting investors to the real estate sector.
PAT more than doubles for Hatsun Agro in Q4
Revenue from operations in Q4, FY24 was 2,047 crores as against 1,789 crores in Q4, FY23 registered a growth of 14.38 per cent
Treat investors well, macro story not imp: Ajit Dayal
Personal Loans: What are the advantages of applying with a guarantor?
Applying for a personal loan with a guarantor can increase your likelihood of approval and help you secure more favourable loan terms.
India an attractive investment destination: Chandan
Why Kenneth Andrade is avoiding defence, PSU stocks
AAP thanks Hanuman after Kejriwal gets insulin in jail
Civil societies urge MCA for 5-month extension on Digital Competition Bill comments
The MCA had initially set the deadline for public consultation for April 15, 2024, but later extended it by a month till May 15
Hush money trial day 1: Trump corrupted '16 election?
Trump was warned to return records to archives
Stock Radar I Time to buy? Raymond records range breakout on daily charts: Ruchit Jain
Disney's Aaron LaBerge to step down
Disney Entertainment and ESPN Chief Technology Officer Aaron LaBerge would step down from the position and join gaming and sports media firm Penn Entertainment, according to a memo seen by Reuters on Monday. LaBerge, who has spent more than 20 years at Walt Disney Co, will assume a similar role at Penn, effective July 1. This was a personal decision, driven by the needs of my family, according to his letter attached with the memo. Walt Disney's ESPN and Penn had agreed in August last year to jointly launch a sports betting business under the brand ESPN BET. I plan to use my experience from Disney and ESPN to help make ESPN BET an essential piece of the sports fan experience, LaBerge was quoted as saying in a separate press release from Penn. According to the memo, Chris Lawson, EVP content platforms and operations at Disney Entertainment and ESPN, would serve as the interim tech executive while the company looks for a permanent replacement for LaBerge.
Monkey Man: Check out Dev Patel starrer movies digital release date, box office performance and cast
Dev Patel's directorial debut, Monkey Man, will be available for home viewing after struggling at the box office. The film, drawing from Indian mythology, features Patel as Kid, seeking revenge in a gritty tale of underground fighting and revenge.
Fortnite 2024 Roadmap Leaks: What we know so far about collaborations and events
Recent leaks hint at a potential Mad Max collaboration, a Chapter 2 OG, and a Billie Eilish appearance in Fortnite's 2024 roadmap. These rumors, although unconfirmed, have sparked anticipation among players eager for new content.