34 C 
How India can become a major player in the global agrochemical market
Agrochemicals play a pivotal role in driving productivity and ensuring food security
India set to sign trade deal with Oman to expand its Middle East ties
India and Oman have annual trade of less than $13 billion, but the relationship is important for New Delhi as the Gulf nation is a gateway to the narrow Strait of Hormuz between Oman and Iran, a major transit point for global oil shipments.
During the third term of Narendra Modi-led govt, our economy will be brought to third spot in the world: Amit Shah at poll rally in Gujarat. During the third term of Narendra Modi-led govt, our economy will be brought to third spot in the world: Amit Shah at poll rally in Gujarat.
Kotak crackdown: Is your data in other banks safe?
Food prices to ease post-June amid above normal monsoon prediction
The Indian government anticipates a decrease in food prices following forecasts of above-normal monsoon rains by the India Meteorological Department (IMD), as stated in the finance ministry's recent monthly economic review. The report highlights expectations of increased crop production due to favorable rainfall.
Cubas cash crunch leads to long lines and growing frustration
Alejandro Fonseca stood in line for several hours outside a bank in Havana hoping to withdraw Cuban pesos from an ATM
Swifts passion project is not only dominating charts in her native USA but also making waves in Australia. According to reports from streaming giants Spotify and Amazon Music, Poets achieved record-breaking streams within just one day of its release. Surpassing all expectations, it became the most-streamed album of 2024 on Spotify within less than 12 hours of its debut.
Shivraj set for Delhi journey, PM hints at bigger role
K'taka: Free dosas, rides & discounts rain on voters
Politics of guarantee & Karnataka's impact on it
How to stay protected from pig butchering financial scams? Here are 7 key steps
Pig butchering, a form of smishing, is on the rise in India's cyber fraud landscape. Scammers build trust through social media, offering fake job roles and investments to drain victims' finances. Here's how to avoid them
Archery WC: India bag three gold medals
Underlining their supremacy in non-Olympic compound archery, India grabbed a hat-trick of gold medals to make a clean sweep of team events at the ongoing World Cup Stage 1 in Shanghai on Saturday. India's Jyothi Surekha Vennam, Aditi Swami and Parneet Kaur dropped just four points to trounce Italy 236-225 in the women's compound team event to open their account with a gold in the season-opening global showpiece. The men's team of Abhishek Verma, Priyansh and Prathamesh Fuge went one step better as they missed just two points en route to defeating Netherlands' Mike Schloesser, Sil Pater and Stef Willems 238-231. The mixed team completed the sweep when the second-seeded Jyothi and Abhishek warded off a late resurgence from their Estonian rivals -- Lisell Jaatma and Robin Jaatma -- to win 158-157 in a thrilling finish. This was a double gold medal for the reigning Asian Games champion Jyothi who is also in the hunt for an individual gold and will play her semifinal later in the day. Priyansh is also in the hunt for an individual medal in the compound segment. Medal rounds in the recurve section will be on Sunday and India are eyeing two gold from the Olympic discipline. The Indian men's team will take on Olympic champions South Korea in the gold medal clash. Deepika Kumari is in fray for an individual medal and will play her semifinal against South Korean rival in the women's recurve section. The women's compound team, who qualified as top seed, dropped just four points from 24 arrows to down sixth seeded Italy in the first match of the day. In the first three ends of six arrows each, Jyothi, Aditi and Parneet missed the perfect 10 only twice to take a handsome 178-171 lead over Marcella Tonioli, Irene Franchini and Elisa Roner. In the fourth end, the Indians dropped two points but it did not matter much as they nailed the gold with an 11-point margin. The men's team, who qualified as the fourth seed, put up a near flawless show to defeat their Dutch opponents. They began with a perfect round of 60 and dropped just two points in the next two ends, before sealing the win with another perfect 60 in the final set of six arrows. In the compound mixed team event, Jyothi and Abhishek took a three-point lead, starting off with a perfect round of 40. The three-point drop in the first end proved decisive for Estonian archers who went on to shoot three perfect rounds of 40 each but the Indians held their nerves to seal the issue. Leading 119-117, the Indian duo needed a minimum score of 39 points out of a maximum 40 in the final end. They did just that to wrap up the country's third gold.
Lok Sabha Election 2024 Live: Phase 2 witnesses 64% voter turnout; Tripura recorded highest at 80%
Tortured Poets Department: 5 valuable money lessons from Taylor Swifts new album
Taylor Swift's new album Tortured Poets Department is a hit among fans. Smart investors can learn from her songs about heartbreak and resilience. Having a backup plan is crucial in the financial world, just like knowing when to move on from bad investments.
AAP prioritized self over nation: Delhi HC
Harshpriya Neelachala announces Solitaire real estate project
BHUBANESWAR: Harshpriya Neelachala, a collaboration between Harshpriya Group and Neelachala Homes, announced Solitaire, a landmark luxury real-estate project at Khandagiri on Friday. The proposed project, a 21-storey high-rise tower, featuring 192 upscale residential units alongside essential commercial spaces, all designed with sustainable practices and modern architectural insights has been planned at Khandagiri square to provide convenient access coupled with serene living spaces to home buyers in the city. The project is set to transform luxury living in the region. Adjacent to BPCL Petrol Pump, NH 16, near Khandagiri Square, Bhubaneswar the 21 storey single tower will have both residential and commercial spaces. Air-conditioned rooms, Club Crown recreational spaces on the 21st and 22nd floors, rooftop infinity-edge swimming pool, and over 30 luxurious sky amenities will be special features of the project. Residents will also enjoy a rooftop infinity pool, multiple leisure and fitness facilities, including a modern gym, yoga lawn, and more, providing an unparalleled living experience, said the project developers. We are delighted to present Solitaire, a true reflection of luxury and innovation in Bhubaneswar. Our goal with Solitaire is not just to meet but to exceed the expectations of contemporary homeowners, offering them a blend of comfort, elegance, and state-of-the-art amenities, said managing director of Harshpriya Group Chetan Kumar Tekariwal. Solitaire stands out with its dual-basement parking, eco-friendly construction, and a plethora of amenities tailored to enhance the living experience,said managing director of Neelachala Homes Golak Bihari Satapathy.
Corruption, smuggling, economy pushed people away from NPP: Deborah
Meghalaya Pradesh Congress Committee working president Deborah Marak today expressed confidence that her partys candidate, Saleng A Sangma MLA, will defeat the sitting Tura MP Agatha K Sangma once the results of the general election are announced on June 4. Agatha, of the National Peoples Party (NPP), is seeking a fourth term but the voters [] The post Corruption, smuggling, economy pushed people away from NPP: Deborah first appeared on Highland Post .
Pecker admits killing affair story at Trump trial
NEW YORK: Former National Enquirer publisher David Pecker testified on Friday at Donald Trump's criminal trial that he suppressed a story about an alleged affair to help Trump's 2016 presidential bid, even though it would have boosted sales of his tabloid. Testifying for a third day, Pecker, 72, agreed with a prosecutor who asked whether it would have been National Enquirer gold to publish the story of former Playboy model Karen McDougal's claim that she had an affair with Trump in 2006 and 2007. But Pecker said he opted not to run the story after paying McDougal for it, because it would have hurt the Republican Trump's chances of winning the election over Democrat Hillary Clinton. You killed the story because it helped the candidate, Donald Trump? prosecutor Joshua Steinglass asked him. Pecker said yes. The exchange bolstered previous testimony in which Pecker said he worked with Trump's campaign to suppress allegations of adultery at a time when the then-presidential candidate was facing multiple accusations of sexual misbehavior. Pecker was the first witness in the case, which accuses Trump, 77, of falsifying business records to cover up a hush money payment to porn star Stormy Daniels. Trump has pleaded not guilty. Pecker testified his tabloid paid for the rights to two such stories he never published, a tabloid practice referred to as catch and kill. Pecker also alerted Trump that Daniels was looking to sell her story of a sexual encounter with Trump. The defense argues the hush money payment was made to spare Trump's family embarrassment, not to protect his presidential campaign. Trump, a businessman whose first public office was the White House, denies an encounter took place. After Pecker's testimony, prosecutors called two more witnesses to boost their case. Rhona Graff, who worked as Trump's business assistant from 1987 to 2021, testified she once saw Daniels at Trump Tower before he ran for president. She said she heard Trump say he was interested in casting her on The Apprentice, the reality TV show he hosted. She said the email addresses of Daniels and McDougal were stored in the computer systems of Trump's company. Trump shook her hand when she left the witness stand. Banker Gary Farro testified that Trump's lawyer, Michael Cohen, set up accounts with him shortly before the election for two shell companies, including one that was used to pay Daniels. The trial was scheduled to resume on Tuesday. 'I know what I remember' During cross-examination, Trump lawyer Emil Bove sought to undermine Pecker's credibility. Bove asked Pecker whether he had inaccurately testified that Trump thanked him at the White House for handling the negative news stories. That conflicted with a report by FBI agents who previously interviewed Pecker, which said Trump had not expressed gratitude. Pecker, 72, said the FBI report could be wrong. I know what I testified to, and I know what I remember, Pecker told the New York court's 12 jurors and six alternates. Bove asked Pecker whether his statements aligned with facts contained in an agreement by the Enquirer's parent company to cooperate with legal authorities to avoid prosecution. Pecker denied any substantial mismatch. Bove also sought to illustrate that Pecker's checkbook journalism was not confined to Trump. Under questioning by Bove on Thursday, Pecker said the Enquirer paid hundreds of thousands of dollars to obtain stories from women who came forward during Arnold Schwarzenegger's 2003 run for California governor to say they had affairs with him. Pecker said the first time he gave Trump a heads up about a negative story was in 1998 in relation to Marla Maples, his wife at the time. Prosecutors say Pecker's arrangement with Trump corrupted the 2016 election. He agreed to cooperate to avoid criminal charges. Trump is the first former president to face criminal charges. The trial, which is expected to run through May, could be the only one of his four criminal prosecutions to be completed before his Nov. 5 election rematch with Democratic President Joe Biden. One of those cases, which charges Trump with trying to overturn his 2020 loss to Biden, has been delayed for months by the U.S. Supreme Court, which signaled on Thursday that it might be open to giving him some immunity from criminal charges. Justice Juan Merchan, who is hearing the New York hush money case, has yet to rule on a request by prosecutors to punish Trump for allegedly violating a gag order that bars him from publicly criticizing witnesses, some court officials and their relatives. Merchan said he would hold a hearing next Thursday to examine what prosecutors say are further gag order violations. Trump could be fined $1,000 for each violation or jailed, though prosecutors say they are not seeking imprisonment at this point.
Oil PSUs' output from overseas fields up a tad
The share of India's state companies in oil and gas production from overseas fields increased to 19.9 million metric tonnes of oil equivalent (MMTOE) in 2023-24 from 19.5 MMTOE in the previous year. Production at Russia's Skahalin-1 project normalised during the financial year, after being badly affected in 2022 following the launch of the Russia-Ukraine war.
Real estate sector needs more hands to plan, build & sell in boom time
The real estate sector in India has undergone significant transformation in recent years, from the increasing volume of sales to the implementation of regulatory reforms including RERA. These changes have brought about a heightened demand for professionalism, transparency, and expertise, not just in the primary market but also within the secondary market, particularly in the high-end luxury segments.
NDTV earning jumps 59%, digital traffic up 39%
News broadcaster NDTV Ltd on Friday reported a 59 per cent jump in March quarter revenue as it expanded digital footprint, gaining a 39 per cent rise in traffic. Consolidated net loss of Rs 8.74 crore in January-March compared with loss of Rs 1.35 crore profit in the same period a year back, according to a stock exchange filing by the company. Loss, however, narrowed from Rs 10.13 crore in the December quarter as its digital footprint expanded and gained traction.
Berkshire Hathaway's real estate firm to pay $250 million to settle real estate commission lawsuits
A real estate company owned by Warren Buffetts Berkshire Hathaway has agreed to pay $250 million to settle lawsuits nationwide
The News Mill
India calls for norms to fix default maximum pesticides residue limit
In a submission to the WTO last week, India said that stringent MRLs can be trade-restrictive and act as non-tariff barriers to international trade, disproportionately affecting exporters from developing countries.
Netflix release date for 'A Family Affair': When to watch Nicole Kidman, Zac Efron's movie
'A Family Affair' featuring Nicole Kidman, Zac Efron will be releasing on Netflix. We have all details from the OTT streaming giant.
King Charles to resume public duties amid cancer treatment progress
King Charles III to resume public duties after medical approval, with managed events and continued treatment programme. The palace spokesperson confirmed no full summer programme, with audiences with Prime Minister Rishi Sunak continuing as part of official state business.
The View: When will the daytime talk show be back with new episodes?
For devoted fans of The View, the absence of their favorite daytime talk show for the past week may have raised questions. However, there's no need to worry, as the hit series will soon be back with fresh episodes.
HCL Tech Q4 net profit flat at Rs 3,986 cr
India's third largest IT company HCL Technologies on Friday reported a flat year-on-year growth in net profit in the March quarter at Rs 3,986 crore. However, the company posted an 8.4 per cent decline in net profit on a sequential basis, amid rising employee cost and tightening IT spends around the world. The company described the performance as decent in view of the global macroeconomic conditions.
Britain's King Charles III will resume public duties next week after cancer treatment, palace says
The palace said Charles would make a public visit to a cancer treatment centre on Tuesday in the first of several appearances he will make in coming weeks. One of his first major engagements will be hosting a state visit by the emperor and empress of Japan in June. The palace didn't provide an update on the king's health or his treatment, though it says that the medical team are very encouraged by the progress made so far and remain positive about the King's continued recovery.
Swiggy gets one step closer to $1.25 bn IPO
Food delivery major Swiggy has received approval from its shareholders for a $1.25 billion initial public offering (IPO), according to filings made with the Registrar of Companies sourced by Tofler. The Bengaluru-based firm plans to raise as much as Rs 3,750 crore (around $450 million) via a fresh issue and up to Rs 6,664 crore (around $800 million) through an offer-for-sale (OFS) component, the filings stated.
M&As: MCA plans to issue rules on deal value threshold next month
Likely to obtain Election Commissions nod before final Rules are issued next month
B'luru's 'billionaire' street sees high voter turnout
Delhi HC directs DGCA to process deregistration of leased aircraft to Go First
This severely impacts Go Firsts operations, grounding a significant portion of the airlines fleet
Exclusive: BankBazaar bags Rs 130 Cr in equity and debt funding
BankBazaar, an online marketplace for financial products, has raised Rs 80 crore ($9.6 million) in its ongoing Series D round via private placement. This is the first round of investment for the firm in 2024. The board at BankBazaar has passed a special resolution to issue up to 22,821 Series D2 CCPS at an issue Continue reading Exclusive: BankBazaar bags Rs 130 Cr in equity and debt funding The post Exclusive: BankBazaar bags Rs 130 Cr in equity and debt funding appeared first on Entrackr .
Pak extends deadline for deportation of Afghans
Global economy expected to witness a synchronous rebound in 2025: Deloitte Indias Majumdar
India will likely see improved capital flows and a rebound in exports, says Dr. Majumdar
'Lord of the Rings' trilogy to return to theaters. When will the three-day event begin?
Warner Bros. and Fathom Events have collaborated for this three-day event that begins June 8 with the first movie, 2001s 'The Fellowship Of The Ring.' It will be followed by 2002s 'The Two Towers' on June 9 and 2003s 'The Return of the King' on June 10.
Rahul Gandhi's 'Uncle Sam' has come up with plan to gobble up people's wealth: BJP
Prime Minister Narendra Modi on Thursday seized upon a remark by Sam Pitroda, the US-based president of the Congress overseas wing, on inheritance tax to step up the ruling BJP's attack on the issue of wealth redistribution. The Congress distanced itself from Pitroda's comments and asserted it had no plan to introduce such a tax.
Demat Account: 10 crucial things you should keep in mind as a beginner
When opening a demat account, consider factors like broker reputation, account opening charges, and AMC. Choose brokers with intuitive trading platforms and research tools. Evaluate brokerage fees, customer support, account features, and security measures.
Home Loans: Top 5 banks including HDFC, SBI with lowest rates of interest check full list
HDFC Bank charges interest rate on its home loan in the range of 9.4 to 9.95 percent per annum. SBI charges a rate that hovers between 9.15 percent and 9.75 percent based on the borrowers CIBIL score.
Demat Account: What is loan against securities and what are its benefits?
A loan against your demat shares allows you to obtain credit by using your shares as collateral. This enables you to leverage your investments without having to sell your shares to access the capital. The loan requires no additional collateral beyond the shares already held in your demat account.
5 Ways To Keep To Skin Soft This Summer!
WB moves SC against Cal HC's CBI probe order
IMD predicts severe heatwave for next five days
Next-gen digital dashboards: How smart displays are transforming modern cars
Your car has a smart screen that could rival a cockpit sensors, intuitive interfaces, phone integration and infotainment. Fasten your seatbelts
4 fixed income sources every Gen Z needs for stability
Gen Z faces financial uncertainty due to global crises, student debt, and rising costs. A fixed income helps in budgeting, credit building, and planning for the future, empowering them to pursue long-term goals.
Trai strengthens reporting rules for telecom towers to improve service quality
The Telecom Regulatory Authority of India (Trai) has mandated telecom operators to provide detailed information about base stations or mobile towers, including site location, frequency, backhaul connectivity, technology used, and commissioning time. This directive aims to enhance the quality of service (QoS) and address call drop issues.
HC directs DGCA to forthwith process applications of Go First's lessors' to deregister aircraft
The Delhi High Court on Friday directed the Directorate General of Civil Aviation (DGCA) to forthwith process the applications filed by several lessors for deregistration of their 54 planes so that they could take them back from the crisis-hit Go First airline. The high court said the process shall be done in not later than five working days.
IndiGo orders wide body aircraft: Airbus A350-900 and its comfort for passengers
IndiGo has announced placing a firm order for 30 A350-900 planes and the option to buy 70 more such aircraft, foraying into the wide-body aircraft segment nearly two decades after starting operations.
Sudha Murty's Advice To Students As They Begin New Academic Year
Sudha Murty's Advice To Students As They Begin New Academic Year
Maruti Suzuki Q4 net rises 48% to Rs 3,877.8 cr
The country's largest car maker Maruti Suzuki India on Friday reported a 47.8 per cent rise in net profit for the March quarter of FY24 to Rs 3,877.8 crore, on account of higher sales volume and favourable commodity prices.
Markets snap 5-day rally; Sensex tumbles over 600 pts
Market benchmarks Sensex and Nifty wilted under selling pressure on Friday after a five-day rally as investors pared exposure to banking, financial and consumer durable stocks amid mixed trends in global markets. Rising global crude prices, a depreciating rupee and persistent foreign fund outflows further weighed on sentiment, traders said.
Freed Israeli hostage recounts Hamas captor's marriage proposal and how she handled it
Noga and Shiri face Hamas in Gaza, Netanyahu's cabinet targets strongholds. Death toll rises, crisis deepens with civilian displacement. Aid agencies struggle amid Palestinian casualties.
SC issues show cause notice to AIFF president over delay in election petition
The Supreme Court issued a show cause notice to Kalyan Chaubey, President of the All India Football Federation, for seeking adjournments in an election petition before the Calcutta High Court, accusing him of employing delaying tactics. The petition pertains to the Maniktala assembly constituency in North Kolkata, vacated after the demise of TMC MLA Sadhan Pandey in 2022.
How to consolidate multiple demat accounts? Here's a step-by-step guide
Consolidating your demat accounts involves a straightforward process, provided your shares are unencumbered and you have settled any outstanding payments to your broker.
Growth-Plus-Inflation Economy Is A Lose-Lose For Biden
The latest good news and bad news about the US economy is just plain bad news for Joe Biden.
Stock market today: Global benchmarks mostly climb despite worries about US economy
Global shares are rising despite worries about the economic outlook and inflation in the U.S. and globally
PAN-Aadhaar linking: Tax Department defers penalty on TDS till May 31. Here is how to link both
Providing relief to those taxpayers who failed to link their PAN and Aadhaar by the June 30, 2023 deadline, the Tax Department has relaxed the deadline for imposing penalties and no action will be taken for a short deduction of TDS in case the assessee links his/her PAN with Aadhaar by May 31
An Adani project will put India on global maritime map
India's ambition to be a manufacturing powerhouse got a boost with Adani Group's Vizhinjam Port in Kerala getting approval to operate as India's first transshipment port. The port's strategic location between the Suez Canal and the Strait of Malacca will enhance India's global sea trade presence, attracting ultra-large container vessels and boosting container traffic. The port aims to handle one million containers annually, surpassing even Singapore, and will facilitate lower logistic costs and increased cargo capacity, aligning with India's goal to become a manufacturing alternative to China. This advancement is part of the Modi government's Maritime India Vision 2030, aiming to develop world-class ports and infrastructure with an estimated investment of Rs 1.25 lakh crore.
Empowering designers: How education enhances real estate design skills
Empowering designers How education enhances real estate design skills
CIBIL: Applying for an unsecured loan? These are the credit score requirements
While your CIBIL score is a key factor in determining your eligibility for an unsecured loan, banks consider other aspects of your financial profile as well such as your income, employment stability, existing debt obligations, and overall credit history.
RBI action on Kotak may restrain profitability: S&P
Exclusive: CREDs competitor CheQ secures $4.5 Mn
B2B credit management platform CheQ has raised Rs 35 crore or $4.2 million in its extended seed round from new and existing investors. The funding for the Bengaluru-based firm came after a gap of 18 months. The board at CheQ has passed a special resolution to issue 12,952 Seed1 cumulative convertible preference shares at an Continue reading Exclusive: CREDs competitor CheQ secures $4.5 Mn The post Exclusive: CREDs competitor CheQ secures $4.5 Mn appeared first on Entrackr .
Can't be CEO in US if you aren't Indian: Ambassador
Priyanka Chopra, Mona Singh, Rakhi Sawant: 6 Divas Who Froze Their Eggs
Priyanka Chopra, Mona Singh, Rakhi Sawant: 6 Divas Who Froze Their Eggs
Kotak Bank's loan, deposit growth may be hit
Kotak Mahindra Bank's loan and deposit growth are likely to be affected after the Reserve Bank of India (RBI) asked the private-sector lender not to take on board new customers through the bank's online and mobile banking channels and not to issue any new credit cards, according to analysts. The bank's share price fell 10.85 per cent on Thursday to close the day at Rs 1,643 on the BSE. The RBI's action came after market hours on Wednesday.
Capria Ventures closes India Opportunity Fund at $19 Mn
Venture capital firm Capria Ventures has announced the successful completion of fundraising for its India Opportunity Fund at Rs 153 crore ($19 million). This comes after a full-cash exit from its portfolio company Awign. The US-based fund had announced first close at Rs 75 crore in February 2023 as Unitus Ventures. Later, Capria Ventures and Continue reading Capria Ventures closes India Opportunity Fund at $19 Mn The post Capria Ventures closes India Opportunity Fund at $19 Mn appeared first on Entrackr .
Responsibilities: Lead, motivate, and manage a team of real estate sales agents to achieve sales goals and targets. Develop and implement strategic sales plans and []
Pak PM Shehbaz Sharif Urged For Trade Talks With India To Revive Economy
Pakistan business leaders in an interactive session with Prime Minister Shehbaz Sharif urged him to initiate trade talks with India to promote business and commerce which would greatly benefit the economy of the cash-strapped country.
Above-normal monsoon may ease food prices: FinMin
With the prediction of an above normal monsoon in 2024, the government is expecting food prices to come down, the finance ministry's monthly economic report for March has said. The report, released on Thursday, said robust foreign inflows and comfortable trade deficits were expected to keep the rupee within a comfortable range. Further easing of food prices is on the anvil as IMD (India Meteorological Department) has predicted above-normal rainfall during the monsoon season, which is likely to lead to higher production, assuming good spatial and temporal distribution of the rainfall, the monthly report, released by the Department of Economic Affairs, said.
Which is a better investment: Gold mutual funds or gold ETFs?
You can always fall back on your gold investments in your darkest movements. With gold purchases through the web being now easy and available, you have to just choose between the various investment options after considering myriad factors.
MF central: Manage accounts with multiple fund houses at one unified platform; Here's how
Holding a number of mutual funds in a number of AMCs is not uncommon. It is, therefore, vital to manage all accounts with ease and comfort
Polling tensions: BJP's Bengal chief confronts TMC workers chanting 'Go back' slogans
During the second-phase polling in the Balurghat Lok Sabha constituency of North Bengal, tension rose as BJP candidate Sukanta Majumdar had a confrontation with Trinamool Congress (TMC) workers outside a polling station. Three more Bengal seatsRaigunj, Balurghat, and Darjeelingare also being contested in Phase 2. Majumdar cast his vote early accompanied by his wife and urged people to participate in the democratic process enthusiastically.
Deloitte pegs India's FY25 GDP growth at 6.6%
Deloitte India on Friday said it estimates India's GDP growth at 6.6 per cent in the current fiscal helped by consumption expenditure, exports rebound and capital flows. In its India's economic outlook report, Deloitte said the rapid growth of the middle-income class has led to rising purchasing power and even created demand for premium luxury products and services. With the expectation that the number of middle-to-high-income segments will be one in two households by 2030/31, up from one in four currently, we believe this trend will likely become further amplified, driving overall private consumer expenditure growth, it said.
Lyskraft, founded by Mohit Gupta and Mukesh Bansal, bags $26 Mn in seed round
Omnichannel fashion startup Lyskraft, founded by Zomatos co-founder Mohit Gupta and Myntra and Cultfits co-founder Mukesh Bansal, has scooped up $26 million in a seed funding round. The round was led by Peak XV Partners with participation from Prosus, Sofina, and partners of DST Global, the company said in a press release. Angel investors including Continue reading Lyskraft, founded by Mohit Gupta and Mukesh Bansal, bags $26 Mn in seed round The post Lyskraft, founded by Mohit Gupta and Mukesh Bansal, bags $26 Mn in seed round appeared first on Entrackr .
Why good times are ahead for United Breweries
A cocktail of heatwave and upcoming cricketing events is expected to usher in the peak season for the country's largest beer maker, United Breweries. The beer maker, which has gained share in some key markets, will be a major beneficiary as April to July is an important period contributing to 40-45 per cent of its annual beer volumes. Going ahead, the T20 Cricket World Cup in June and the ongoing IPL will have a positive impact on volumes and should be able to offset the negative impact of elections on sales, experts believe.
Ceylon Chamber Welcomes National Digital Economy Strategy
The Ceylon Chamber recognizes the Digital Economy as a key enabler for Sri Lankas economic growth acceleration. The National Digital Economy Strategy 2030 recently published by the Ministry of Technology provides a roadmap to unlock the benefits of the digital economy. The strategy focuses on the improvement of the digital infrastructure, implementation of the Digital ID, improving cybersecurity legislation, connected digital government and enhancing digital skills for government and industry. These policy areas have been advocated by the Chamber in the past most notably on the swift implementation of the Digital ID. The Chamber was involved in the consultation process for the drafting of the strategy with representation in the High-Level Officers Committee coordinated by the Secretary to the Prime Minister and provided further input and guidance through the Digital Economy committee of the Chamber. With the strategy document now open for public and stakeholder review, it is an ideal opportunity for further engagement to strengthen the strategy and plan of action. As with most strategies, the important aspect is the implementation of the policy. The strategy document outlines the institutional framework for implementation and a proposed plan of action. It is vital that is implemented with ownership from government and collaboration with industry stakeholders.
5 types of documents you require for a term life policy
To prove your claim to be genuine, you have to submit all the genuine proofs regarding your income & health to the insurance company for them to assess risk & charge suitable premium. An insurance company cannot reject a genuine claim no matter how loss making the claim is.
Tech Mahindra jumps over 12% in opening trade
IT services company's CEO outlined an ambitious three-year roadmap to accelerate revenue growth and lift margins.
This could fundamentally transform the industry that had been a major source of employment in countries like India and the Philippines.
Key factors that boost ICICI Lombard General Insurance
ICICI Lombard General Insurance Company reported financial improvement and optimistic commentary in Q4FY24. It reported 17 per cent year-on-year (YoY) growth in Gross Written Premium (GWP) and 115 bps improvement in the Combined Ratio (COR) in FY24, and improved COR guidance with COR going from 104.5 per cent in FY23 to 103.3 per cent in FY24, 102.4 per cent in FY25 and 102.0 per cent in FY26.
Mynavi acquires majority stake in HRtech startup Awign
Awign, a work-as-a-service platform, has announced a strategic majority stake acquisition in an all cash deal from Mynavi Corporation. This partnership will also signify the departure of few of Awigns early backers, including Capria, Lumis, MSDF, Amicus Capital and Pankaj Bansal. Earlier in 2022, the Bengaluru-based company had announced its first employee stock option (ESOP) Continue reading Mynavi acquires majority stake in HRtech startup Awign The post Mynavi acquires majority stake in HRtech startup Awign appeared first on Entrackr .
What does Taiwan get from the foreign aid bill and why is the US economy among the biggest winners?
The sweeping foreign aid package passed by congress has drawn the ire of China, but billions of dollars will actually stay in the US Taiwans president Tsai Ing-wen has praised the US Congress for passing a sweeping foreign aid package this week which included arms support for the island, and has drawn the ire of China. After months of delays and contentious debate, the bill was signed into law by Joe Biden on Wednesday . Described as $95bn in aid for Ukraine, Israel and Taiwan, the legislation actually contains provisions that broadly affect many parts of the Asia-Pacific, while also spending billions of dollars at home in America. Continue reading...
India continues to be the fastest growing major economy: Finance ministry
NEW DELHI: India continues to be the fastest-growing major economy, with positive assessments of the growth outlook for the current financial year for India by international organisations and the central bank, finance ministry said Thursday in its monthly economic review report. Factors such as strong domestic demand, rural demand pickup, robust investment, and sustained manufacturing momentum have contributed to Indias resilience. Projections by RBI and IMF forecast high growth rates for India, further reinforcing its positive outlook, the ministry said. In its April 2024 World Economic Outlook (WEO), the IMF increased its projection for Indias real GDP growth in FY24 to 7.8%, up from 6.7% in January 2024 and 6.3% in October 2023. According to the report, the global economy is gradually recovering, with diminishing recession concerns and improving growth in key economies. Yet, regional variations exist, with certain areas facing subdued economic conditions. Despite these disparities, leading indicators point towards a general economic upswing fuelled by growth in manufacturing and service sectors. As per the report, globally, managing inflation remains crucial. In India, retail inflation in FY2023-24 dropped notably to its lowest point post the Covid-19 crisis. Consequently, the RBIs Monetary Policy Committee decided to maintain current policy rates, emphasizing the need to further reduce inflation to stabilize it at the 4% target consistently. The RBI has projected retail inflation at 4.5% for FY 25. The report highlighted that Indias exports narrowed on account of slowdown in demand in developed economies and decrease in global commodity prices. The slowing of trade has resulted in the merchandise trade deficit narrowing in FY2023-24, as exports have shown a smaller contraction than imports. However, the non-petroleum and non- gems & jewellery merchandise exports have shown resilience with a sustained uptick in the last few months, growing at 3 per cent in FY2023-24, the reported stated. Retail inflation in FY24 drops substantially In India, retail inflation in FY24 dropped notably to its lowest point post Covid19. Consequently, the RBIs MPC decided to maintain current policy rates, emphasizing the need to further reduce inflation to stabilize it at the 4% target consistently. The RBI has projected retail inflation at 4.5% for FY25
India-made chips may soon power iPhones
Micron Technology, a global leader in memory and storage, is considering supplying Made-in-India chips from its Gujarat plant to one of its key global clients, Apple, whose vendors assemble iPhones in the country. Micron is setting up an assembly test marking and packaging (ATMP) plant in Sanand, Gujarat. Currently, Apple vendors import chips for manufacturing iPhones. Sources in the know say the aim is to use part of the production to supply to Micron's clients in India directly.
Syngene revenue likely to grow in low double digits
5 ways Gen-Z investors can turbocharge their wealth planning
Gen Z is revolutionising investing with a focus on financial independence and innovation. Setting clear financial goals and seeking professional advice can help navigate the investment journey with confidence.
Long runway of growth for AMCs
Although net inflows into equity mutual funds deteriorated month-on-month (M-o-M) in March 2024 to Rs 22,576 crore (excluding Hybrid), down 15 per cent M-o-M (up 12 per cent Y-o-Y), asset management companies (AMCs) had a great year with robust growth in assets under management (AUMs). AMCs are likely to report strong PAT growth (30-40 per cent Y-o-Y) in Q4FY24 on the back of AUM growth. In Q4FY24, domestic mutual fund (MF) industry's quarterly average AUM grew by 34 per cent Y-o-Y and 10 per cent quarter-on-quarter (Q-o-Q) to Rs 54 trillion ($652 billion).
NASA astronauts arrive in Florida for Boeing's first human spaceflight
