Bank Holiday on July 27: All national and private banks in India have at least 12 non-working days in July 2024 including the second and fourth Saturdays, all Sundays, and for religious holidays and regional festivities.

Third-largest telco has opted to pay up in instalments 3,510 crore for spectrum it bought in the June 2024 auctions. It can pay in 10 equal instalments of 350 crore each with an interest of 8.65% for a 20-year licence.

DLF had earlier planned to launch 11.6 million sq. ft of projects this year. The developer's focus has been on launching premium and luxury projects, which boost cash flows and profitability.

The scheme provides incentives for electric two-wheelers and three-wheelers, including registered e-rickshaws, e-carts, and L5 category vehicles. These incentives are designed to promote affordable and eco-friendly public transportation options.

The MFI book contracted by over 2,000 crore, or 5% sequentially, to 37,046 crore. Disbursements for the quarter were 8,000 crore, much lower than the historical average of 12,000-13,000 crore. The vehicle finance portfolio fell 5% on year and 6% on quarter.

The rise in textile exports shows buyers' shift from China and Bangladesh, experts say.Exports to North East Asia and Africa though have seen significant declines

Unlike the semiconductor shortages and shipping issues seen during COVID-19, which caused severe shortages of parts and vehicles in India, suppliers and original equipment manufacturers (OEMs) have learned to anticipate and mitigate such disruptions.

According to the new draft of the broadcasting bill, individuals who regularly upload videos to social media, make podcasts or write about current affairs online could be classified as digital news broadcasters

Among Indian entities, companies like JSW Steel, Rural Electrification Corporation (REC), Power Finance Corporation (PFC) and Housing and Urban Development Corporation (HUDCO) have cumulatively raised yen-denominated debt upwards of JPY 200 billion (about 11,000 crore) in the past 11 months.

Investors whose redemption is due in the first week of August at current rates are still earning over two-fold returns despite finance minister Nirmala Sitharaman slashing import duty on gold by 9 percentage points to 6% in the budget tabled this Tuesday and the fall in international gold prices.

Investors conduct due diligence for Lighthouse Learning, which operates EuroSchool, Billabong, Centrepoint, Kangaroo Kids and Heritage Xperiential. A deal is likely at $700-900 million.

The latest big-ticket film Kalki may have earned over 277 crore from its Hindi version at last count, but has held up mostly in top metros with the overall business falling by 25% after the opening weekend, driven by a dip in tier-two and three markets

Maharashtra saw the most closures, with 12,233 MSMEs shutting down, resulting in 54,053 job losses.

The steaks are high

The department of pharmaceuticals has allowed pharma and medical device makers time till 31 July to file their legal undertakings assuring the government that they will not indulge in unethical marketing practices to promote their drugs.

The move to regulate pesky calls comes in response to widespread consumer complaints about the increasing volume of unsolicited calls and messages

Deposit growth has been lagging credit growth. RBI governor Shaktikanta Das has said that consumers who have typically been parking funds with banks are increasingly turning to capital markets. As on 28 June, bank deposits had grown 11.1% year-on-year, lagging credit growth of 17.4%.

Leaders across companies believe this fiscal will be better than the previous one. However, global IT spending continues to be cautious

Beginning FY25, Bengaluru, Lucknow, Hyderabad, Kochi and a dozen more airports have raised user development fees. This comes at a time fares are already rising due to insufficient aircraft and a flurry of holiday travel.

Gross loan losses and provisions for the quarter were 1,790 crore. During the quarter, the NBFC utilized a management overlay of 105 crore towards loan losses and provisions, as a result of which net loan losses and provisions were at 1,685 crore

The star worship culture is stronger in south India and some other language belts and influencers will take more time to become hot favourites with brands.