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moneycontrol.com | https://www.moneycontrol.com/news/business/economy/gender-budget-reaches-highest-level-since-fy11-12769288.html | Budget 2024:Gender Budget reaches highest level since FY11 | Gender budget gets a boost.Related stories. | Government spending on women centric schemes reached its highest level in over a decade in FY25, as the finance minister spent over Rs 3Â lakh crore on gender budget on July 23. This is also the first time the scheme has crossed an outlay of Rs 3 lakh crore. Spending on the scheme rose from Rs 2.6 lakh crore spent on t... | null | null | 2024-07-23 11:44 |
moneycontrol.com | https://www.moneycontrol.com/news/business/economy/key-government-schemes-to-watch-out-for-in-budget-2024-12775475.html | Key government schemes to watch out for in Budget 2024 | Spurring the economy.Related stories. | As Finance Minister Nirmala Sitharaman rises to table the first Union Budget of the third Narendra Modi government, she will have a big task of reviving consumption and pushing agriculture growth. Agricultural output growth was a tepid 1.4 percent in FY24 compared with 4.7 percent a year back, even as the economy roare... | null | null | 2024-07-23 11:23 |
moneycontrol.com | https://www.moneycontrol.com/news/business/paytm-partners-with-axis-bank-to-offer-pos-solutions-card-payment-devices-12775596.html | Paytm partners with Axis Bank to offer POS solutions, card payment devices | Paytm partners with Axis Bank to offer POS solutions, card payment devices. | Fintech firm One 97 Communications, which owns the brand Paytm, has partnered with Axis Bank to provide point of sales solutions and card payment machines to banks and its merchant network, the company said on Tuesday. Paytm's EDC devices (card machines) come equipped with an integrated software that offers complete st... | null | null | 2024-07-23 10:59 |
moneycontrol.com | https://www.moneycontrol.com/news/business/companies/asian-paints-takes-another-price-hike-prices-increased-by-1-1-25-12775527.html | Asian Paints raises prices by 1-1.25% in latest hike | Asian Paints takes another price hike, prices increased by 1-1.25%.. | Asian Paints has implemented another price increase of 1-1.25%, according to CNBC-TV18. This marks the second price hike in just a month; the company had previously raised prices by around 1% effective July 22, 2024. Amit Syngle, MD and CEO, stated on July 18 that while the company aims to absorb some of the cost incre... | null | null | 2024-07-23 10:24 |
moneycontrol.com | https://www.moneycontrol.com/news/business/economy/budget-could-see-lower-fiscal-deficit-target-helped-by-rbis-dividend-bonanza-say-experts-12775422.html | Budget could see lower fiscal deficit target, helped by RBI's dividend bonanza, say experts | A Bloomberg survey of economist has projected that Centre will be able to bring down the fiscal deficit to 5% this year..Related stories. | The surplus dividend from RBI for FY24 is likely to be used to bring down the fiscal deficit, however if the pace of fiscal consolidation is too aggressive, it risks slowing the economy down, Axis Bank's Head of Global Research Neelkanth Mishra said in a conversation with CNBC-TV18 ahead of the Union Budget announcemen... | null | null | 2024-07-23 08:51 |
moneycontrol.com | https://www.moneycontrol.com/technology/payments-companies-expect-higher-upi-subsidies-in-budget-article-12775139.html | Payments companies expect higher UPI subsidies in Budget | PhonePe, Google Pay cede online payment share to new entrants.Related stories. | As Unified Payments Interface (UPI)-based transaction continues to be grow in leaps and bounds, payment firms are pinning strong hope for a continued, rather higher subsidy to continue┬Āfacilitating┬Āthe free transactions. In order to push adoption of digital payments, the government had mandated to keep the UPI transa... | null | null | 2024-07-23 07:46 |
moneycontrol.com | https://www.moneycontrol.com/news/business/phonepe-google-pay-cede-online-payment-share-to-new-entrants-12775348.html | PhonePe, Google Pay cede online payment share to new entrants | PhonePe, Google Pay cede online payment share to new entrants.Related stories. | Walmart Inc.-owned PhonePe and Alphabet Inc.’s Google Pay saw a marginal decline in their share of total transactions processed through India’s unified payments interface in June as smaller players gained traction. PhonePe’s share in total UPI transactions dropped to 48.37% from 48.67% in May. Google Pay’s po... | null | null | 2024-07-23 06:35 |
moneycontrol.com | https://www.moneycontrol.com/news/business/byjus-lawyers-blame-client-in-bid-to-quit-us-bankruptcy-case-12775347.html | Byju’s lawyers blame client in bid to quit US bankruptcy case | Byju’s lawyers blame client in bid to quit US bankruptcy case. | US lawyers for units of the troubled Indian tech firm Byju’s want to quit defending their clients in a bankruptcy dispute, blaming “an irreparable breakdown” with the companies and a board member accused of lying in court to help hide $533 million from disgruntled lenders. In an unusual move, two law firms repres... | null | null | 2024-07-23 06:32 |
moneycontrol.com | https://www.moneycontrol.com/news/business/economy/india-to-ease-borrowing-investment-rules-for-state-firms-12775346.html | India to ease borrowing, investment rules for state firms | India to ease borrowing, investment rules for state firms.Related stories. | India plans to remove some restrictions on its state-owned companies, including allowing them to borrow and invest without seeking the permission of the government, according to people with knowledge of the matter. Prime Minister Narendra Modi wants to make it easier for these firms to diversify into new markets and bo... | null | null | 2024-07-23 06:29 |
moneycontrol.com | https://www.moneycontrol.com/news/business/economy/fm-nirmala-sitharaman-to-present-union-budget-2024-25-on-july-23-12775165.html | FM Sitharaman to present full Budget on Tuesday as Modi 3.0 aims to strike the right balance | Since coming back to power, Modi 3.0 has announced measures revolving around rural focus and infrastructure including an additional 3 crore houses under PM Awas Yojana, PM Kisan installment, etc..Related stories. | Finance Minister Nirmala Sitharaman will present the Union Budget for 2024-25 on July 23 amid a realistic GDP growth estimate of 6.5-7 percent laid out by the Economic Survey. Sitharaman will present the Union Budget at 11 am in the Parliament. This will be her 7thUnion Budget. The Budget is likely to keep its focus on... | null | null | 2024-07-22 23:05 |
moneycontrol.com | https://www.moneycontrol.com/news/business/companies/kv-subramanian-appointed-as-md-ceo-of-federal-bank-for-three-years-12775223.html | KVS Manian appointed as MD & CEO of Federal Bank for three years | Krishnan Venkat Subramanian was the Joint Managing Director of Kotak Mahindra Bank Limited till April 30, 2024, spearheading Corporate, Banking, Commercial banking, Private Banking and Asset Reconstruction business.Related stories. | The Reserve Bank of India (RBI) on Monday approved the appointment of Krishnan Venkat Subramanian as the Managing Director & Chief Executive Officer of the Federal Bank. In an exchange filing Federal Bank said, "We wish to inform you that, based on our application made to the Reserve Bank of India (“RBI”) on May 06... | null | null | 2024-07-22 22:29 |
moneycontrol.com | https://www.moneycontrol.com/news/business/economy/interview-identify-sectors-that-can-boost-indian-exports-with-chinese-fdi-says-cea-nageswaran-12775208.html | Interview: Identify sectors that can boost Indian exports with Chinese FDI, says CEA Nageswaran | Chief Economic Adviser V Anantha Nageswaran.Related stories. | India needs to identify sectors wherein foreign direct investment (FDI) from China could work as a better strategy to boost exports, Chief Economic Adviser V Anantha Nageswaran said in an interview to Moneycontrol. ŌĆ£I am not saying prefer one over another. What I am saying is if there are areas where FDI can lead to ... | null | null | 2024-07-22 22:04 |
moneycontrol.com | https://www.moneycontrol.com/news/business/markets/wall-st-opens-higher-as-investors-assess-us-election-after-biden-exit-12775154.html | Wall St picks up after sell-off as investors weigh Biden exit effect; Nasdaq rises 1% | Wall St opens higher as investors assess US election after Biden exit. | Wall Street stocks opened higher early Monday as tech shares bounced back after a recent pullback, as investors looked ahead to major earnings and economic data due this week. The US presidential race had produced a surprise over the weekend with Joe Biden bowing out of the race and throwing support to Vice President K... | null | null | 2024-07-22 19:49 |
moneycontrol.com | https://www.moneycontrol.com/news/business/companies/ahead-of-ipo-swiggy-hires-reliance-retail-amazon-execs-for-next-phase-of-growth-12775131.html | Ahead of IPO, Swiggy hires Flipkart, Amazon execs for next phase of growth | In April this year, the food tech giant received nod from shareholders for a $1.2-billion initial public offering (IPO), according to regulatory filings with the registrar of companies (RoC)..Related stories. | Quick commerce and food delivery firm Swiggy on July 22 announced new appointments at senior levels to strengthen its leadership team, underlying the growing importance of quick commerce and Swiggy Instamart. The company has appointed Himavant Srikrishna Kurnala as the senior vice president (SVP) and head of product at... | null | null | 2024-07-22 19:32 |
moneycontrol.com | https://www.moneycontrol.com/news/business/economy/economic-survey-in-10-charts-stability-inclusivity-central-to-2047-viksit-bharat-vision-12774918.html | Economic Survey in 10 charts: Stability, inclusivity central to 2047 Viksit Bharat vision | Economic Survey in 10 charts.Related stories. | The Economic Survey 2023-24 took a more conservative stance in its projections than many international agencies, pinning GDP growth at 6.5-7 percent for FY25. It emphasised the need for more structural reforms to accelerate sustained growth to more than 7 percent. The survey suggested measures to contain inflation, hi... | null | null | 2024-07-22 19:30 |
moneycontrol.com | https://www.moneycontrol.com/news/business/markets/gold-rises-rs-100-to-rs-75650-per-10-grams-amid-firm-global-cues-12775138.html | Gold rises Rs 100 to Rs 75,650 per 10 grams amid firm global cues | Gold rises Rs 100 to Rs 75,650 per 10 grams amid firm global cues.Related stories. | Gold prices rose by Rs 100 to Rs 75,650 per 10 grams in the national capital on Monday on increased buying by jewellers amid a firm global trend. However, silver prices plunged by Rs 600 to Rs 91,000 per kg. In the previous session, it had settled at Rs 91,600 per kg, as per the All India Sarafa Association. On Saturda... | null | null | 2024-07-22 19:05 |
moneycontrol.com | https://www.moneycontrol.com/news/business/economy/statistics-quality-an-underlying-theme-of-the-survey-12775088.html | Statistics quality an underlying theme of the survey | Relooking data from stats ministry.Related stories. | Amidst a focus on sustaining economic growth, controlling inflation and boosting exports, the Economic Survey also has an undercurrent on emphasising data quality and improving the country’s statistical system. “The government is taking many steps aimed at strengthening administrative and survey statistics, build... | null | null | 2024-07-22 18:53 |
moneycontrol.com | https://www.moneycontrol.com/news/business/economy/understanding-india-from-the-economic-survey-2023-24-12775124.html | Understanding India from the Economic Survey 2023-24 | The Chief Economic Advisor, V Anantha Nageswaran, in his second Economic Survey 2023-24 presentation, steered clear of presenting overly optimistic forecasts for the Indian economy.Related stories. | India’s economy has shown resilience amid a global slowdown, with theEconomic Surveyprojecting a conservative growth outlook of 6.5-7 percent for FY25. While the survey calls upon the private sector to create jobs and boost investments, it also emphasises the need for the government to “let go” or more deregulati... | null | null | 2024-07-22 18:48 |
moneycontrol.com | https://www.moneycontrol.com/news/business/economy/agricultural-sector-likely-to-perform-better-in-fy25-cea-12775089.html | Agricultural sector likely to perform better in FY25: CEA | Provisional estimates for 2023-24 peg the agricultural growth rate at 1.4 per cent..Related stories. | The agricultural sector is expected to perform better after stagnant growth of 1.4 percent in Fy24 as estimated in the provisional estimates. This is likely despite the monsoon not performing as predicted by the (India Meteorological Department), the chief economic advisorV Anantha Nageswaransaid on July 22. ''Agricult... | null | null | 2024-07-22 18:14 |
moneycontrol.com | https://www.moneycontrol.com/news/business/economy/too-much-instagram-and-fries-could-choke-india-economic-growth-says-economic-survey-12774747.html | Too much Instagram and fries could choke India's economic growth, says Economic Survey | This mix of unhealthy habits can undermine public health and productivity and diminish IndiaŌĆÖs economic potential, the Survey warned..Related stories. | IndiaŌĆÖs economic future is at risk from a public health crisis fuelled by unhealthy lifestyles, including sedentary habits, excessive screen time, and poor diets, the Economic Survey 2023-24 said. This mix of unhealthy habits can undermine public health and productivity and diminish IndiaŌĆÖs economic potential, the ... | null | null | 2024-07-22 18:04 |
moneycontrol.com | https://www.moneycontrol.com/news/opinion/no-need-to-raise-capital-gains-tax-for-now-12775085.html | No need to raise capital gains tax for now | A higher capital gains tax is a bigger worry in the long run than any political instability..Related stories. | The markets appear to be on pause mode for the last trading sessions after closing at record highs last Thursday (July 18), with the Nifty ending at 24,801 on that day. On Monday, the Nifty closed 21.60 points down at 24,509.30, though market width was positive. The markets appear to be waiting for Tuesday’sbudgetin ... | null | null | 2024-07-22 18:03 |
moneycontrol.com | https://www.moneycontrol.com/news/business/moneycontrol-pro-panorama-metal-companies-look-east-for-relief-12775066.html | Moneycontrol Pro Panorama | Metal companies look East for relief | market.Related stories. | Dear Reader, China took the markets by surprise, after itÂannounced a series of measures aimed at providing a monetary stimulus. The one-year loan prime rate (LPR) was cut by 10 basis points to 3.35 percent and the 5-year LPR by 10 basis points to 3.85 percent. The People’s Bank of China also said it will cut the 7-... | null | null | 2024-07-22 17:48 |
moneycontrol.com | https://www.moneycontrol.com/news/business/economy/fy25-gdp-growth-estimate-at-6-5-7-is-prudent-not-pessimistic-cea-12775055.html | FY25 GDP growth estimate at 6.5-7% is prudent, not pessimistic: CEA | Chief Economic Advisor V Anantha Nageswaran.Related stories. | Despite the RBI estimating India’s GDP growth at 7.2 percent GDP growth in FY25 and other international agencies also revising their projection upwards, the Economic Survey has projected a conservative estimate of 6.5-7 percent in the current fiscal. With the global environment posing several challenges and monsoon n... | null | null | 2024-07-22 17:30 |
moneycontrol.com | https://www.moneycontrol.com/news/business/budget/why-a-populist-budget-wont-be-bad-after-all-12774703.html | Why a populist Budget won’t be bad, after all | Union Budget.Related stories. | By Divam Sharma, Founder and Fund Manager at Green Portfolio Populist budgets don’t necessarily need to be bad, nor do they need to please everyone. Thebudgetback in February was nothing close to being populist, but now we might see some populist measures as the government tries to gain public confidence and support.... | null | null | 2024-07-22 17:16 |
moneycontrol.com | https://www.moneycontrol.com/news/opinion/economic-survey-conservative-growth-forecast-jobs-and-private-investment-puzzles-12774885.html | Economic Survey projects conservative growth forecast for FY25, but leaves jobs and private investment puzzle unanswered | India is among a handful of economies that have fully recovered from it in terms of economic output..Related stories. | India’s economic growth as measured by GDP in 2023-24 beat expectations of not just private forecasters but also last year’s Economic Survey by a significant margin. Therefore, a “conservative” GDP estimate in 2024-25 of 6.5-7 percent by the latest Economic Survey may well be surpassed again. Yet, a search for ... | null | null | 2024-07-22 17:15 |
moneycontrol.com | https://www.moneycontrol.com/news/business/economy/consumer-price-index-base-to-be-revised-to-2024-producer-price-index-to-be-expedited-12774921.html | Consumer price index base to be revised to 2024; producer price index to be expedited | Inflation base changed to 2024.Related stories. | India’s consumer inflation basket will have 2024 as base year, the Economic Survey 2023-24 said on July 22, noting that the government will also work towards expediting the availability of producer price index. “An extensive exercise for base revision of important economic statistics is being taken up at MoSPI (min... | null | null | 2024-07-22 16:52 |
moneycontrol.com | https://www.moneycontrol.com/technology/uncertainty-in-job-sector-impact-on-environment-five-important-points-that-economic-survey-makes-on-ai-article-12774832.html | Uncertainty in job sector, impact on environment: Five important points that Economic Survey makes on AI | The Indian government in March approved a Rs 10,732 crore IndiaAI mission in a bid to develop the country's AI infrastructure capabilities and so on.Related stories. | The Economic Survey has covered a range of topics that affect the Indian economy, and a large portion of it has been devoted to artificial intelligence and its impact on the country especially in sectors such as job creation, environment and so on. In the 476-page formulated report by chief economic advisor V Anantha N... | null | null | 2024-07-22 16:40 |
moneycontrol.com | https://www.moneycontrol.com/news/business/markets/hong-kong-to-launch-asias-first-inverse-bitcoin-etf-12774900.html | Hong Kong to launch Asia's first inverse bitcoin ETF | Hong Kong to launch Asia's first inverse bitcoin ETF.Related stories. | Asia's first inverse bitcoin exchange-traded fund that allows investors to bet on a fall in the cryptocurrency, is set to debut in Hong Kong on Tuesday. Hong Kong's CSOP Asset Management said it will launch the CSOP Bitcoin Futures Daily (-1x) Inverse Product on the city's stock exchange on Tuesday morning. The ETF is ... | null | null | 2024-07-22 16:30 |
moneycontrol.com | https://www.moneycontrol.com/news/business/markets/rupee-rises-3-paise-to-close-at-83-67-against-us-dollar-12774883.html | Rupee rises 3 paise to close at 83.67 against US dollar | Rupee rises 3 paise to close at 83.67 against US dollar.Related stories. | The rupee consolidated in a narrow range to settle 3 paise higher at 83.67 (provisional) against the American currency on Monday, as crude oil prices and the US dollar retreated from their elevated levels. Forex traders said the Indian rupee recovered from all-time low levels and traded in a narrow range as mixed-to-we... | null | null | 2024-07-22 16:07 |
moneycontrol.com | https://www.moneycontrol.com/technology/hiring-in-it-sector-unlikely-to-pick-up-significantly-says-economic-survey-article-12774560.html | Hiring in IT sector unlikely to pick up significantly, says Economic Survey | Representative image.Related stories. | The Economic Survey for the financial year 2023-24, tabled on July 22 in the Parliament, said that hiring in the information technology (IT) sector had slowed down considerably in the last financial year, and even if hiring does not decline further, it is unlikely to pick up significantly. The comment on the IT secto... | null | null | 2024-07-22 15:43 |
moneycontrol.com | https://www.moneycontrol.com/news/business/budget/capital-gains-tax-why-fix-something-that-aint-broke-12774815.html | Capital Gains Tax: Why fix something that ain’t broke | Budget 2024.Related stories. | By Tushar Pradhan, Director at Hxgon Partners LLP The first full budget of the third term of the BJP government and the first of the coalition government is the subject of much debate already. There are various wishlists that industry bodies, corporates and individuals have prepared and are keenly looking at the fine p... | null | null | 2024-07-22 15:33 |
moneycontrol.com | https://www.moneycontrol.com/news/business/economy/energy-needs-to-grow-2-5-times-but-green-power-faces-hurdles-economic-survey-2023-24-12774812.html | Energy needs to grow 2.5 times but green power faces hurdles: Economic Survey 2023-24 | India aims to shift from conventional to non-fossil fuel energy sources, aiming for 50% of its power capacity from non-fossil fuels by 2030..Related stories. | India’s energy needs are expected to grow 2-2.5 times by 2047, given the growing economy, but the renewable energy sector still faces challenges, says the Economic Survey 2023-24 tabled by the government on July 22. India’s energy mix in 2022-23 was primarily dominated by fossil-fuel, accounting for almost 84 perce... | null | null | 2024-07-22 15:24 |
moneycontrol.com | https://www.moneycontrol.com/news/opinion/india-needs-to-face-up-to-its-junk-food-crisis-12774831.html | India needs to face up to its junk food crisis | There is data suggesting junk food in India is worse than in many other countries..Related stories. | India is not the world’s healthiest country. Sadly, regulators seem determined to make the problem worse with each passing year. Urban Indians, especially wealthier ones, have a relatively sedentary lifestyle, and our diet is heavy in carbohydrates and fats. This may not show up easily in the numbers, given the size ... | null | null | 2024-07-22 15:19 |
moneycontrol.com | https://www.moneycontrol.com/news/business/economy/india-needs-to-upgrade-iip-other-industry-statistics-to-aid-policy-making-12774773.html | India needs to upgrade IIP, other industry statistics to aid policy making | India needs to upgrade its industry statistics like IIP to aid policy making: Economic Survey 2023-24. | India needs to upgrade its statics on industrial production and other indicators such as credit disbursal to industries to support better policy- making, the Economic Survey 2023-24 tabled in Parliament on July 22 said. According to the survey, policy making will be aided through an updated index of industrial producti... | null | null | 2024-07-22 15:10 |
moneycontrol.com | https://www.moneycontrol.com/news/business/airbus-shortlists-8-sites-for-h125-helicopter-final-assembly-line-in-india-2-12774766.html | Airbus shortlists 8 sites for H125 helicopter final assembly line in India | Airbus shortlists 8 sites for H125 helicopter final assembly line in India.Related stories. | European major Airbus has shortlisted eight sites in India for setting up its final assembly line for H125 helicopters and the ground-breaking ceremony for the facility is expected later this year. The facility, which will be the fourth Final Assembly Line (FAL) for the single engine H125, will initially produce up to ... | null | null | 2024-07-22 14:49 |
moneycontrol.com | https://www.moneycontrol.com/news/business/jakson-green-gets-rs-296-crore-credit-facility-from-first-abu-dhabi-bank-12774775.html | Jakson Green gets Rs 296 crore credit facility from First Abu Dhabi Bank | Jakson Green gets Rs 296 crore credit facility from First Abu Dhabi Bank. | Jakson Green on Monday said the company has secured a credit facility of Rs 296 crore from UAE-based First Abu Dhabi Bank. In a statement, the company said it will use the proceeds for the expansion of its international business beginning with investment in Uzbekistan. "Jakson Green has secured a credit facility of Rs ... | null | null | 2024-07-22 14:46 |
moneycontrol.com | https://www.moneycontrol.com/news/business/economy/economic-survey-2023-24-here-are-the-key-highlights-12774621.html | Economic Survey 2023-24: Here are the key highlights | null | The Budget Session of Parliament has commenced today. On July 22, Union Finance Minister Nirmala Sitharaman presented the Economic Survey of India 2023-24, along with a statistical appendix, in both Houses of Parliament. She is scheduled to present the Union Budget for 2024-25 in the Lok Sabha on July 23. This marks th... | null | null | 2024-07-22 14:38 |
moneycontrol.com | https://www.moneycontrol.com/news/business/economy/india-in-middle-of-private-capex-upcycle-aided-by-government-push-12774642.html | India in middle of private capex upcycle aided by government push | India in the midst of a private capex upcycle aided by government capex: Economic Survey 2024.Related stories. | India is in the midst of a private capex upcycle that has been aided by government capital expenditure, the Economic Survey 2023-24 has said. Gross Fixed Capital Formaton (GFCF) by private non-financial corporations increased by 19.8 per cent in FY23, the survey, citing data from the National Accounts Statistics 2024, ... | null | null | 2024-07-22 14:25 |
moneycontrol.com | https://www.moneycontrol.com/news/trends/travel/economic-survey-shows-rise-in-foreign-tourists-in-india-indicates-revival-in-tourism-12774536.html | Economic survey shows rise in foreign tourists in India, indicates revival in tourism | India sees increase in foreign tourist arrivals pin 2023, showed economic survey..Related stories. | In the post-pandemic period, India's travel and tourism sector has shown strong signs of revival with foreign tourist arrivals (FTAs), one of the laggards in this space, showing signs of growth, the Economic Survey 2023-24 highlighted. The industry recorded over 92 lakh foreign tourist arrivals in 2023, clocking a ... | null | null | 2024-07-22 14:15 |
moneycontrol.com | https://www.moneycontrol.com/technology/draft-deep-tech-startup-policy-to-address-funding-infrastructure-constraints-article-12774623.html | Draft deep tech startup policy to address funding, infrastructure constraints | India's draft deep tech startup policy was released for consultation on July 2023. | The upcoming National Deep Tech Start-up Policy (NDTSP), which has been in the pipeline since mid 2023,┬Āaddresses barriers such as limited funding, resource and infrastructure constraints, and risks associated with emerging technologies, the Economic Survey, tabled in Parliament on July 22, said. In July 2023 , a draf... | null | null | 2024-07-22 14:14 |
moneycontrol.com | https://www.moneycontrol.com/news/business/economy/india-has-created-21-saas-unicorn-since-2014-12774494.html | India has created 21 SaaS unicorns since 2014, per Eco Survey 2024 | Economic Survey on SaaS.Related stories. | The demand for scalable and efficient cloud solutions has led to the growth of Software-as-a-Service (SaaS) startups, resulting in India creating around 21 unicorns since 2014, the Economic Survey 2024, tabled in Parliament by Finance Minister Nirmala Sitharaman on July 22, said. "The strength of the Indian tech start... | null | null | 2024-07-22 14:13 |
moneycontrol.com | https://www.moneycontrol.com/news/business/economy/india-to-seek-licences-to-scout-pacific-ocean-for-critical-minerals-12774681.html | India to seek licences to scout Pacific Ocean for critical minerals | India to seek licences to scout Pacific Ocean for critical minerals.Related stories. | India will apply for licences to explore for deep-sea minerals in the Pacific Ocean as it competes to secure supplies of minerals critical for energy transition technologies, a top government scientist told Reuters. The UN-backed International Seabed Authority (ISA) has issued 31 deep-sea exploration licences, includin... | null | null | 2024-07-22 14:12 |
moneycontrol.com | https://www.moneycontrol.com/news/business/economy/economic-survey-sets-balanced-tone-india-on-track-to-be-developed-economy-says-niti-aayogs-suman-bery-12774603.html | Economic Survey sets balanced tone; India on track to be developed economy, says Niti Aayog’s Suman Bery | Bery noted that India's growth-inflation trade-off in recent years has been more favorable than that of many other economies..Related stories. | Niti Aayog vice chairman Suman Bery praised the Economic Survey 2024 for its balanced and sober tone, saying India was on track to be developed country in next 25 years. In an exclusive interview to CNBC-TV18, Bery said theBudget, to be presented on July 23, was hopeful that some of the key themes highlighted in the su... | null | null | 2024-07-22 14:10 |
moneycontrol.com | https://www.moneycontrol.com/news/business/coal-india-bags-first-critical-mineral-asset-12774631.html | Coal India bags first critical mineral asset | Coal India bags first critical mineral asset.Related stories. | State-ownedCoal Indiaon Monday said it has bagged the first critical mineral asset, a graphite block, in Madhya Pradesh. Owning a graphite asset will give Coal India an advantage in powering green energy transition momentum to an extent, according to a statement. "Coal India Ltd (CIL) has successfully opened its accoun... | null | null | 2024-07-22 13:59 |
moneycontrol.com | https://www.moneycontrol.com/technology/economic-survey-flags-lack-of-demand-indigenous-tech-competitive-market-in-indias-space-sector-article-12774557.html | Economic Survey flags lack of demand, indigenous tech, competitive market in India's space sector | India sends its 100th satellite in space: India's Polar Satellite Launch Vehicle, in its forty second flight (PSLV-C40), successfully launched the 710 kg Cartosat-2 Series Satellite for earth observation and 30 co-passenger satellites together weighing about 613 kg at lift-off on Friday. PSLV-C40 was launched from the ... | The Economic Survey, tabled in Parliament on July 22, hailed India's burgeoning space sector growth while acknowledging challenges such as gaps in indigenous technology development and uncertain long-term demand. Highlighting milestones like Chandrayaan-3's moon landing and advancements by private space startups, the r... | null | null | 2024-07-22 13:55 |
moneycontrol.com | https://www.moneycontrol.com/news/business/economy/steep-interest-rates-uncertain-tax-policy-may-limit-fdi-flows-into-india-economic-survey-12774538.html | Steep interest rates, uncertain tax policy may limit FDI flows into India: Economic Survey | Economic survey has cautioned banks on rampant misselling.Related stories. | Higher interest rates as well as considerable subsidies for industries in developed economies may limit the growth of foreign direct investment (FDI) flows into India, noted the Economic Survey for 2023-24. Elaborating on the reasons behind a not to favourable environment for growth in FDI, the survey said that since i... | null | null | 2024-07-22 13:55 |
moneycontrol.com | https://www.moneycontrol.com/news/business/economy/private-capital-formation-slows-down-amid-caution-over-cheaper-imports-economic-survey-12774403.html | Private capital formation slows down amid caution over cheaper imports: Economic Survey | Capex push to be cautious. | Private capex may take a little more to pick up after good growth over the last three years, as companies turn cautious, given the fears of countries exporting excess capacity at lower rates to India, said the Economic Survey 2023-24 on July 22. “There are early signs that the momentum in private capital formation ha... | null | null | 2024-07-22 13:46 |
moneycontrol.com | https://www.moneycontrol.com/news/business/economy/around-77-companies-liquidated-under-ibc-were-already-defunct-says-economic-survey-12774442.html | Around 77 % companies liquidated under IBC were already defunct, says Economic Survey | According to the Survey, over 3000 companies have emerged out of the Corporate Insolvency Resolution Process (CIRP) as of March 2024.Related stories. | The Economic Survey of India which was made available on July 22 revealed that around 2,476 companies went to liquidation under the Insolvency and Bankruptcy Code (IBC) as of March 2024. "Around 77 per cent of these corporate debtors were defunct at the beginning of the process and were, on average, valued at 7 per cen... | null | null | 2024-07-22 13:43 |
moneycontrol.com | https://www.moneycontrol.com/technology/e-kyc-cost-down-from-rs-1000-to-less-than-rs-6-economic-survey-2024-article-12774537.html | E-KYC cost down from Rs 1,000 to less than Rs 6: Economic survey 2024 | Representative image. | The use of Aadhaar card services has significantly eased the electronic Know Your Customer (e-KYC) process for organisations, while reducing the cost from around Rs 1,000 ($12) to less than Rs 6 (6 cents), the Economic Survey 2024 showed. KYC is one of the most vital process for financial institutions and businesses ... | null | null | 2024-07-22 13:39 |
moneycontrol.com | https://www.moneycontrol.com/news/business/economy/economic-survey-nudges-states-to-speed-up-implementation-of-labour-codes-12774528.html | Economic Survey nudges states to speed up implementation of labour codes | Further, the survey highlighted that there exist other regulatory hurdles to employment generation such as higher overtime wage premiums and barriers to job opportunities for women..Related stories. | The Economic Survey has nudged states to expedite the enactment of labour codes, saying rules needed to implement them have not been framed or notified. Finance Minister Nirmala Sitharaman tabled the survey, often described as the economic report card of the government, in Parliament on July 22, a day ahead of theBudge... | null | null | 2024-07-22 13:29 |
moneycontrol.com | https://www.moneycontrol.com/news/opinion/prioritising-a-stable-and-simple-tax-regime-in-budget-2024-to-enhance-ease-of-doing-business-12774514.html | Prioritising a stable and simple tax regime in Budget 2024 to enhance ease of doing business | Businesses are now calling for stable and simplified tax laws to enhance the ease of doing business..Related stories. | By Gokul Chaudhri In the World Bank’s Doing Business Report 2020, India's ranking improved significantly, jumping 79 spots from 2014 to reach 63rd out of 190 countries. This progress underscores India's commitment to regulatory reforms, faster approvals, streamlined imports/exports, and reduced compliance burdens, a... | null | null | 2024-07-22 13:20 |
moneycontrol.com | https://www.moneycontrol.com/news/business/economy/pli-scheme-expansion-will-help-lower-trade-deficit-12774402.html | PLI scheme expansion will help lower trade deficit | Trade deficit to lower.Related stories. | The external conditions are likely to remain steady for India with trade deficit declining further as the government expands the production linked incentive scheme and "creates a globally competitive manufacturing base in several product categories", the Economic Survey 2023-24 said. India’s current account deficit... | null | null | 2024-07-22 13:09 |
moneycontrol.com | https://www.moneycontrol.com/news/business/economy/inflation-economic-survey-2023-24-12774397.html | Short-term inflation outlook benign, says Economic Survey | Economic survey on food inflation.Related stories. | The external conditions are likely to remain steady for India with trade deficit declining further, as the government expands the production linked incentive scheme and "creates a globally competitive manufacturing base in several product categories", the Economic Survey 2023-24 said. Current account deficit (CAD) st... | null | null | 2024-07-22 13:08 |
moneycontrol.com | https://www.moneycontrol.com/news/business/economy/india-must-strike-right-balance-in-goods-and-capital-imports-from-china-economic-survey-2023-24-12774401.html | India must strike right balance in goods and capital imports from China: Economic Survey 2023-24 | Economics Survey on FDI. | India needs to strike the right balance between goods and capital imports from China, said the Economic Survey 2023-24, highlighting how the country can take advantage of the China-plus-one strategy. India’s foreign direct investment fell to its lowest level in five years at $71 billion in FY24, according to data rel... | null | null | 2024-07-22 13:05 |
moneycontrol.com | https://www.moneycontrol.com/news/business/fineotex-chemical-raises-rs-342-55-crore-through-issue-of-shares-warrants-12774505.html | Fineotex Chemical raises Rs 342.55 crore through issue of shares, warrants | Fineotex Chemical raises Rs 342.55 crore through issue of shares, warrants. | Fineotex Chemical Ltd, which manufactures speciality chemicals, on Monday said it has raised Rs 342.55 crore through the issue of equity shares and warrants on a preferential basis. In a regulatory filing, the company announced the closure of "fund raising of Rs 342.55 crore through a preferential allotment of equity s... | null | null | 2024-07-22 12:57 |
moneycontrol.com | https://www.moneycontrol.com/news/business/economy/india-needs-to-add-7-9-million-jobs-annually-till-2030-says-economic-survey-2023-24-12774400.html | India needs to add 7.9 million jobs annually till 2030, says Economic Survey 2023-24 | Economic Survey on jobs. | The Indian economy needs to add 7.85 million jobs every year until 2030 in the non-farm sector, according to the Economic Survey 2023-24. The total additions to the workforce at 46.7 million in 2023-24 were the highest since 1981-82, with the rate of growth at 6 percent also outpacing the previous three decades, accord... | null | null | 2024-07-22 12:47 |
moneycontrol.com | https://www.moneycontrol.com/news/business/companies/higher-the-capex-in-budget-the-better-pes-happiest-ever-from-capital-market-exit-momentum-jm-financials-vishal-kampani-12774421.html | 'Higher the capex in Budget, the better; PEs happiest-ever from capital market exit momentum': JM Financial's Vishal Kampani | JM Financial's Vishal Kampani.Related stories. | 'We will see $150 bn of issuances across IPO's , block deals and secondary offerings in the next seven years in India which is the second most exciting market in the world after the US.' That's the word coming in from top dealmaker and non-executive vice chairman of JM Financial Vishal Kampani, who is batting for highe... | null | null | 2024-07-22 12:24 |
moneycontrol.com | https://www.moneycontrol.com/news/business/hdfc-banks-unit-seeks-up-to-300-million-in-offshore-loan-12774418.html | HDFC Bank’s unit seeks up to $300 million in offshore loan | HDFC Bank’s unit seeks up to $300 million in offshore loan. | A unit ofHDFC BankLtd., India’s largest private sector lender, is planning to borrow as much as $300 million, according to people familiar with the matter, as tighter rules by the nation’s central bank restrict domestic avenues. HDB Financial Services Ltd. is in talks with a group of global and local banks to final... | null | null | 2024-07-22 11:54 |
moneycontrol.com | https://www.moneycontrol.com/news/business/earnings/dodla-dairys-net-profit-jumps-86-to-rs-65-crore-in-q1-stock-hits-52-week-high-12774341.html | Dodla Dairy's net profit jumps 86% to Rs 65 crore in Q1; stock hits 52-week high | The shares of the company were trading at Rs 1,271.25, higher by 9.52 percent on NSE at 11:35 am. The stock had opened at Rs 1,169.7 and touched its 52-week high of Rs 1,346.1 before paring some gains on the stock exchange.. | Dodla Dairyon July 22 reported a strong growth in the firm’s first quarter results, driving the stock price of the company to 52-week high during the morning trade. The Hyderabad-based dairy company’s net profit jumped 86.24 percent to Rs 65 crore in the three-month period ended June 30, compared to Rs 34.98 crore ... | null | null | 2024-07-22 11:50 |
moneycontrol.com | https://www.moneycontrol.com/news/business/zydus-lifesciences-gets-mexican-regulatory-nod-for-cancer-treatment-biosimilar-12774393.html | Zydus Lifesciences gets Mexican regulatory nod for cancer treatment biosimilar | Zydus Lifesciences gets Mexican regulatory nod for cancer treatment biosimilar.Related stories. | Zydus Lifesciences Ltd on Monday said it has received marketing approval from the Mexican regulatory authority for its biosimilar product -- Bhava, used in the treatment of certain types of cancers. Mexican regulatory authority COFEPRIS (Federal Commission for the Protection Against Sanitary Risk), has granted marketin... | null | null | 2024-07-22 11:47 |
moneycontrol.com | https://www.moneycontrol.com/news/opinion/understanding-the-origins-of-modi-governments-economic-philosophy-ahead-of-budget-2024-25-12774292.html | Understanding the origins of Modi governmentŌĆÖs economic philosophy ahead of Budget 2024-25 | State policies are based on a mixture of political, social, economic and military considerations..Related stories. | (Sanghnomics is a weekly column that tracks down and demystifies the economic world view of Rashtriya Swayamsevak Sangh (RSS) and organisations inspired by its ideology.) As we get ready for the Unionbudget 2024-25 that is scheduled to be presented on 23 July, we can expect a continuity in keeping ŌĆśAatmanirbhar Bhara... | null | null | 2024-07-22 11:08 |
moneycontrol.com | https://www.moneycontrol.com/news/opinion/byjus-was-the-problem-not-edtech-12774096.html | Byju’s was the problem, not edtech | India needs edtech, superior to Byju’s in terms of corporate governance and fiduciary responsibility..Related stories. | Following Byju’s fall from being India’s most valued Unicorn to being sued for insolvency, there is a growing perception that edtech, as a sector, should be shunned by capital and talent. This would be a mistake. One mismanaged company should not damn an entire sector. India needs technology to revamp its education... | null | null | 2024-07-22 10:08 |
moneycontrol.com | https://www.moneycontrol.com/news/business/companies/morning-scan-all-the-big-stories-to-get-you-started-for-the-day-751-12774188.html | Morning Scan: All the big stories to get you started for the day | A roundup of top newspaper stories to keep you informed and ahead of the curve..Related stories. | #1. Amazon sounds out IPO-bound Swiggy to buy out quick commerce platform Instamart Amazon India has approached food delivery platform Swiggy for a potential deal involving its quick commerce business under Instamart, the Economic Times reported. The development comes on the heels of Swiggy confidentially filing draft ... | null | null | 2024-07-22 08:37 |
moneycontrol.com | https://www.moneycontrol.com/news/trends/weather/mc-daily-monsoon-tracker-rainfall-deficit-narrows-further-to-1-12774166.html | MC Daily Monsoon Tracker: Rainfall deficit narrows further to 1% | Rainfall deficit narrows further to 1 percent.Related stories. | India’s rainfall deficit narrowed further to lowest level of 1 percent as of July 21, as a number of states where the rain was deficient declined to 10 from 12, data released by the India Meteorological Department (IMD)shows. The number of states with normal monsoon rain rose back to 16, with 10 states getting exce... | null | null | 2024-07-22 08:23 |
moneycontrol.com | https://www.moneycontrol.com/news/business/byjus-founder-faces-reckoning-as-startup-implodes-12774162.html | Byju's founder faces reckoning as startup implodes | Byju's founder faces reckoning as startup implodes.Related stories. | Byju Raveendran, an Indian mathematics whiz who soared from teacher to startup billionaire before his education-technology company imploded this year, now faces his biggest test. The future of Raveendran's eponymous Byju's online coaching firm rests with India's courts after the county's biggest startup, once loved by ... | null | null | 2024-07-22 08:01 |
moneycontrol.com | https://www.moneycontrol.com/technology/auto/suzuki-sees-indias-automobile-market-growing-fivefold-by-2047-article-12774147.html | Suzuki sees India’s automobile market growing fivefold by 2047 | Suzuki sees India’s automobile market growing fivefold by 2047.Related stories. | India’s car market is on track to reach 20 million units by 2047, helped by promising growth in battery electric vehicles, Suzuki Motor Corp. Executive Vice President Kenichi Ayukawa said. First, the goal is for Maruti Suzuki India Ltd., the Japanese carmaker’s subsidiary, to grab 50% market share by 2030, from aro... | null | null | 2024-07-22 07:29 |
moneycontrol.com | https://www.moneycontrol.com/news/business/economy/economic-survey-to-be-presented-on-monday-a-day-before-budget-check-timings-other-details-12774057.html | Economic Survey to be presented on Monday, a day before Budget; check timings, other details | Union Finance Minister Nirmala Sitharaman.Related stories. | The Union government is set to table the Economic Survey on Monday as the wait for the full Budget for 2024-25. Union Finance Minister Nirmala Sitharaman will table the pre-budget document in Parliament, a day ahead of the Budget presentation. The Economic Survey 2023-24 will be presented in Lok Sabha at 1 pm and in Ra... | null | null | 2024-07-21 20:31 |
moneycontrol.com | https://www.moneycontrol.com/news/business/companies/vedanta-wins-bids-for-nickel-chromium-and-pge-blocks-in-karnataka-and-bihar-12773896.html | Vedanta wins bids for Nickel, Chromium, and PGE blocks in Karnataka and Bihar | The company secured these blocks with the highest final price offers of 15.00 percent and 6.05 percent, respectively.. | Vedanta has been declared the 'Preferred Bidder' for two significant mining blocks: the Gollarahatti-Mallenahalli Nickel Chromium and PGE Block, and the Genjana Nickel, Chromium, and PGE Block. The company secured these blocks with the highest final price offers of 15.00 percent and 6.05 percent, respectively, it said... | null | null | 2024-07-21 11:29 |
moneycontrol.com | https://www.moneycontrol.com/news/trends/weather/mc-daily-monsoon-tracker-rainfall-deficit-narrows-to-lowest-level-in-10-days-12773864.html | MC Daily Monsoon Tracker: Rainfall deficit narrows to lowest level in 10 days | Rainfall deficit narrows.Related stories. | India’s rainfall deficit narrowed to lowest level of 1.4 percent as of July 20, even as eastern and north-western states in the country fell further into deficit, according to data released by the Indian Meteorological Department. The number of states with deficient rainfall was 11 on July 20, with another seven fac... | null | null | 2024-07-21 10:51 |
moneycontrol.com | https://www.moneycontrol.com/news/business/companies/air-india-issues-apology-to-passengers-of-delhi-san-francisco-flight-offers-full-fare-refund-12773665.html | Air India issues apology to passengers of Delhi-San Francisco flight, offers full fare refund | The airline had to divert its Delhi-San Francisco flight with 225 passengers and 19 crew members to the Russian city on Thursday after the cockpit crew detected a potential issue in the cargo hold area of the Boeing 777 aircraft.Related stories. | Air India on Saturday issued an apology for the passengers of Delhi-San Francisco flight passengers, who were stranded at the Krasnoyarsk International Airport (KJA) in Russia after the cockpit crew detected a potential issue in the cargo hold area of the Boeing 777 aircraft. In a note issued by a senior official of th... | null | null | 2024-07-20 17:57 |
moneycontrol.com | https://www.moneycontrol.com/news/business/markets/moneycontrol-pro-weekender-high-hopes-12773317.html | Moneycontrol Pro Weekender | High Hopes | -.Related stories. | Dear Reader, Most commentary on theUnion Budgetto be unveiled on Tuesday has been to the effect that it should strike a balance between fiscal consolidation, capex and a push to consumption. The tax buoyancy and the mega RBI dividend are expected to give the government enough leeway to do all three. But that begs the q... | null | null | 2024-07-20 10:01 |
moneycontrol.com | https://www.moneycontrol.com/news/business/economy/fiscal-deficit-go-easy-or-pull-back-what-markets-are-likely-to-reward-12773476.html | Fiscal Deficit: Go easy or pull back? What markets are likely to reward | Union Budget.Related stories. | By Nilesh Shah, Managing Director at Kotak Mahindra AMC The Union Budget 2024-25 will be presented by Finance Minister Nirmala Sitharaman on July 23. The fiscal deficit is avidly observed during the Union Budget presentation as it may impact various factors including the country’s rating. Also, the S&P has guided tha... | null | null | 2024-07-20 08:58 |
moneycontrol.com | https://www.moneycontrol.com/news/trends/expert-columns/union-budget-govt-to-strike-a-balance-between-fiscal-deficit-capex-for-growth-social-spending-12773478.html | Union Budget: Govt to strike a balance between fiscal deficit, capex for growth, social spending | Union Budget.Related stories. | By Krishna Rao, Managing Director & Co-Head - Equity Broking at JM Financial Services The upcoming Union Budget is expected to lay a strong foundation for India’s economic, infrastructure, and social development for the next decade, with strong reform measures and a visionary blueprint for growth. With the focus on a... | null | null | 2024-07-20 08:49 |
moneycontrol.com | https://www.moneycontrol.com/news/business/companies/tariff-hikes-will-strengthen-the-telecom-sector-in-the-long-term-jio-platforms-anshuman-thakur-12773454.html | Tariff hikes will strengthen the telecom sector in the long term: Jio Platform's Anshuman Thakur | Jio’s 5G services is free to users who subscribe to certain plans at no additional cost, aimed to encourage 5G consumption on the network and people to adopt more 5G, the official added.Related stories. | The recent round of telecom tariff hikes will strengthen the Indian telecom sector in the longer term but may result in some transient impact on consumer behaviour, Jio Platforms’ Senior Vice President Anshuman Thakur said in the post-earning presentation on July 19. Jio recently announced its new unlimited plans eff... | null | null | 2024-07-19 21:51 |
moneycontrol.com | https://www.moneycontrol.com/news/business/economy/i-t-portal-remains-insulated-against-impact-of-microsoft-outage-12773425.html | I-T portal remains insulated against impact of Microsoft outage | The deadline for filing income tax returns (ITR) for 2024 is July 31..Related stories. | The income tax department portal did not face any major disruptions and worked fine despite the Microsoft global outage, the department and chartered accountants said. “Don't think there are any issues at present,” Central Board of Direct Taxes (CBDT) said late in the evening on July 19. One of the world's major gl... | null | null | 2024-07-19 20:53 |
moneycontrol.com | https://www.moneycontrol.com/news/business/economy/mospi-reconstitutes-committee-to-advise-on-price-index-revisions-12773418.html | MOSPI reconstitutes committee to advise on price index revisions | The revamped committee will advise the ministry on creation of new indices on consumer prices, wholesale prices and producer price index, which will help determine consumer inflation and wholesale inflation.Related stories. | In a bid to revise the inflation indicators in the country, the Ministry of Statistics and Programme Implementation (MOSPI) has announced the reconstitution of the technical advisory committee, or TAC, on statistics of prices and cost of living. The revamped committee will advise the ministry on creation of new indices... | null | null | 2024-07-19 20:44 |
moneycontrol.com | https://www.moneycontrol.com/news/business/economy/fruits-and-vegetables-processed-cereal-exports-jumps-9-in-first-quarter-of-fiscal-12773334.html | Fruits and vegetables, processed cereal exports jump 9% in Q1FY25 | India's fruit trade rises.Related stories. | Exports of fruits and vegetables and cereal preparations and miscellaneous product items increased 9 percent in the first quarter of FY25, as per data released by Agricultural and Processed Food Products Export Development Authority (APEDA) on July 19. While the over agricultural trade declined by 3 percent, owing to r... | null | null | 2024-07-19 20:20 |
moneycontrol.com | https://www.moneycontrol.com/news/business/economy/economic-survey-preview-watch-for-gdp-growth-food-inflation-forecast-and-climate-strategies-12773227.html | Economic Survey preview: Watch for GDP growth forecast, comments on food inflation, climate strategies | The country's average real GDP growth has been more than 7 percent over the last three years..Related stories. | TheEconomic Surveywill be presented on July 22, a day ahead of the full Budget for 2024-25. The survey will outline the key economic metrics of the country, most notably the forecast for real GDP growth for the ongoing financial year. Moneycontrol lists key things to watch out for in the series of documents that are pr... | null | null | 2024-07-19 19:11 |
moneycontrol.com | https://www.moneycontrol.com/news/business/markets/ultratechs-23-stake-in-india-cements-seen-as-promising-market-investment-cfo-atul-daga-12773335.html | UltraTech's 23% stake in India Cements seen as promising market investment: CFO Atul Daga | UltraTech has now become the second-largest shareholder, after reportedly purchasing the entire stake of serial investor Radhakishnan Damani and his associates..Related stories. | Picking up a large stake in India Cements is purely a non-controlling financial investment, said Ultratech Cement management on July 19. Last month,UltraTechsnapped up a big chunk ofIndia Cementsby acquiring a 23 percent non-controlling stake in the struggling rival for around Rs 1,900 crore via block deals. Initially,... | null | null | 2024-07-19 18:55 |
moneycontrol.com | https://www.moneycontrol.com/news/business/markets/ultratech-cements-expansion-efficiency-boosts-to-help-lower-costs-by-rs-300-per-tonne-12773356.html | UltraTech Cement's expansion, efficiency boosts to help lower costs by Rs 300 per tonne | With ongoing investments in infrastructure and operational efficiencies, UltraTech is well-positioned to capitalize on market opportunities and sustain growth in the coming quarters, the management noted..Related stories. | UltraTech Cement is poised to reduce cost by Rs 300 per tonne over the next three quarters, thanks to an expanding network of plants, decreasing lead distance and other reductions. In a post-earnings call on July 19, India's largest cement manufacturer's management highlighted its strategic initiatives to enhance cost ... | null | null | 2024-07-19 18:54 |
moneycontrol.com | https://www.moneycontrol.com/news/business/economy/govt-plans-to-delink-state-and-central-premium-contributions-from-crop-insurance-claims-12770383.html | Govt plans to delink state and central premium contributions from crop insurance claims | Four crore farmers were covered under the crop insurance (2023-24), which is the highest ever..Related stories. | The government is working on delinking the premium contribution by the central government and states under thePradhan Mantri Fasal Bima Yojana(PMFBY) and has directed the insurance companies to issue the policy and process at least 70 percent of the claim even if there is a delay in receiving the states' contributionÂ... | null | null | 2024-07-19 18:27 |
moneycontrol.com | https://www.moneycontrol.com/news/business/economy/business-sentiment-sees-further-improvement-in-first-quarter-of-fy25-ncaer-nse-survey-12773314.html | Business sentiment sees further improvement in first quarter of FY25: NCAER-NSE Survey | The survey indicated that firms expecting an improvement in conditions went up to 71 percent from 66 percent earlier..Related stories. | Business sentiment in India improved to 149.8 from 138.2 in the first quarter of the fiscal year, indicating a carry forward of momentum from the previous year, according to a survey released by NCAER and NSE on July 19. The results come just days before the government is to release its economic survey, predicting futu... | null | null | 2024-07-19 18:00 |
moneycontrol.com | https://www.moneycontrol.com/news/business/economy/portal-to-address-non-tariff-issues-within-2-3-months-commerce-ministry-12773268.html | Portal to address non-tariff issues within 2-3 months: Commerce ministry | Non-tariffs measures on trade rise.Related stories. | The ministry of commerce and industry will have a portal ready to address non-tariff issues within the next two-three months, the additional secretary, department of commerce, said on July 19. “We are monitoring through a committee and coming up with a portal on sanitary and phytosanitary and technical barriers to tr... | null | null | 2024-07-19 17:23 |
moneycontrol.com | https://www.moneycontrol.com/news/business/economy/moneycontrol-pro-panorama-a-rate-of-debate-12772990.html | Moneycontrol Pro Panorama | A rate of debate | It is that interest rate where the economy is growing at potential and the inflation rate is at target..Related stories. | Dear Reader, The Panorama newsletter is sent to Moneycontrol Pro subscribers on market days. It offers easy access to stories published on Moneycontrol Pro and gives a little extra by setting out a context or an event or trend that investors should keep track of. If there is one debate that refuses to die among economi... | null | null | 2024-07-19 15:08 |
moneycontrol.com | https://www.moneycontrol.com/news/business/economy/india-digital-public-infrastructure-is-charting-the-journey-towards-becoming-1-tn-digital-economy-by-2027-28-12772864.html | India digital public infrastructure is charting the journey towards becoming $1-tn digital economy by 2027-28 | IndiaŌĆÖs ŌĆśDigital IndiaŌĆÖ programme was launched in 2015..Related stories. | The Economic Survey of India for 2023-24ŌĆöthe government's annual report cardŌĆöwill be tabled by Minister of Finance and Corporate AffairsNirmala Sitharamanin Parliament on July 22. Among other things, it┬Ā is expected to highlight IndiaŌĆÖs achievements in digital public infrastructure. And those achievements are no... | null | null | 2024-07-19 14:51 |
moneycontrol.com | https://www.moneycontrol.com/news/business/economy/spatial-spread-of-monsoon-needs-to-correct-for-food-inflation-to-cool-say-economists-12773049.html | Spatial spread of monsoon needs to correct for food inflation to cool, say economists | Rice production affected by spatial anomalies.Related stories. | A course correction for the monsoon appears essential to tame down the simmering price rise in India. Inflation in rice and pulses is likely to stay elevated unless the spatial spread of monsoon doesn't alter, according to economists. AMoneycontrolanalysis of agriculture ministry data shows that some states like Uttar ... | null | null | 2024-07-19 14:51 |
moneycontrol.com | https://www.moneycontrol.com/news/opinion/india-budget-2024-capital-gain-tax-regime-is-too-cluttered-it-needs-an-overhaul-12772989.html | India Budget 2024: Capital gain tax regime is too cluttered. It needs an overhaul | Global expansion of Indian businesses have collectively added to the complexities of computing capital gains..Related stories. | By SR Patnaik,Âand Reema Arya TheBudget 2024is less than a week away and the taxpayers are eagerly waiting for the revisions and amendments to be introduced by the Finance Minister Nirmala Sitharaman. Considering this is the first budget after the general election, it undoubtedly carries the weight of numerous, and at... | null | null | 2024-07-19 14:40 |
moneycontrol.com | https://www.moneycontrol.com/news/business/economy/what-will-be-economic-surveys-outlook-on-growth-12772976.html | What will be Economic Survey’s outlook on growth? | Economic Survey comes amidst agencies raising India's forecasts.Related stories. | The Economic Survey, which will be presented on July 22, will give the growth outlook for the current financial year at a time when India has seen a spate of forecast revisions from international agencies. The survey gives a detailed account of the state of the economy, prospects and the policy challenges. Prepared by... | null | null | 2024-07-19 14:24 |
moneycontrol.com | https://www.moneycontrol.com/news/economy/policy/charting-the-future-chief-economic-advisor-v-anantha-nageswaran-12772928.html | Charting The Future: Chief Economic Advisor V Anantha Nageswaran | Chief Economic Advisor V Anantha Nageswaran.Related stories. | V Anantha Nageswaran, the Chief Economic Advisor (CEA), has completed two years in this pivotal role. The CEA, who prepares the economic survey along with his team, has been pivotal in shaping the country's economic policies. He succeeded KV Subramanian, and was appointed the CEA in January 2022, days ahead of the tabl... | null | null | 2024-07-19 14:01 |
moneycontrol.com | https://www.moneycontrol.com/news/business/hdfc-bank-csr-spend-crosses-rs-945-crore-in-fy24-12772913.html | HDFC Bank CSR spend crosses Rs 945 crore in FY24 | HDFC Bank CSR spend crosses Rs 945 crore in FY24.Related stories. | Private sector HDFC Bank has reported a corporate social responsibility (CSR) spend of Rs 945.31 crore for the financial year 2023-24, an increase of nearly Rs 125 crore from the previous year. The bank's CSR programme, Parivartan, has been active for over a decade and its initiatives, spread across 28 states and 8 Uni... | null | null | 2024-07-19 13:03 |
moneycontrol.com | https://www.moneycontrol.com/news/business/kpi-green-energy-gets-new-100-mw-hybrid-project-12772911.html | KPI Green Energy gets new 100 MW hybrid project | KPI Green Energy gets new 100 MW hybrid project. | KPI Green Energy on Friday said it has secured an order for 100 MW hybrid energy project from Aether Industries. The projects are scheduled to be completed in the financial year 2024-25, in various tranches as per the terms of the order, the company said in an exchange filing. "We have received a new order for a 100 MW... | null | null | 2024-07-19 13:00 |
moneycontrol.com | https://www.moneycontrol.com/news/opinion/union-budget-2024-25-to-balance-investment-and-consumption-12772859.html | Union Budget 2024-25 to balance investment and consumption | The Budget is expected find a balance between supporting investment and consumption..Related stories. | By K. Ravichandran With theUnion Budgetfor FY2025 just a week away, anticipation has built up around the changes that is would bring about. While expectations are rife, we believe that the Government of India (GoI) will likely avoid major changes from what was penciled into the Interim Budget that had been presented p... | null | null | 2024-07-19 12:59 |
moneycontrol.com | https://www.moneycontrol.com/news/business/economy/nobody-expects-rbi-to-be-cheerleader-coordination-with-govt-helped-fast-revival-in-economy-guv-das-12772914.html | Nobody expects RBI to be cheerleader, coordination with govt helped fast revival in economy: Guv Das | Nobody expects RBI to be cheerleader, coordination with govt helped fast revival in economy: Guv Das.Related stories. | Governor Shaktikanta Das on Friday said the Reserve Bank's relations with the government have been "smooth" during his nearly six-year term, and credited the close coordination between the two for the quick revival of the economy after the pandemic. Speaking at an event organised by Financial Express here, the bureaucr... | null | null | 2024-07-19 12:58 |
moneycontrol.com | https://www.moneycontrol.com/news/opinion/boosting-agricultural-exports-budgeting-for-infrastructure-high-value-crops-and-ag-tech-12772464.html | Boosting Agricultural Exports: Budgeting for infrastructure, high-value crops, and ag-tech | India stands as a global agricultural leader..Related stories. | By Anand Ramanathan Agriculture's share in India's economy has dropped below 15% due to the rise of the industrial and service sectors, yet its significance remains immense. With nearly three-quarters of Indian families relying on rural incomes, and the majority (some 770 million people or about 70 percent) of the n... | null | null | 2024-07-19 12:34 |
moneycontrol.com | https://www.moneycontrol.com/news/opinion/union-budget-2024-expected-to-focus-on-indias-manufacturing-boom-through-tax-incentives-12772573.html | Union Budget 2024 expected to focus on India’s manufacturing boom through tax incentives | The need of the hour now is to elevate India’s viability as the next manufacturing hub..Related stories. | By Namrata Arora, Manisha Jain, Jatin Garg AsBudget 2024looms, whispers of a transformative policy have been gaining momentum with continued impetus on Government of India’s missions ofMake in IndiaandAatmanirbhar Bharat.These projects have had a multiplier effect on the economy - each new manufacturing unit creates... | null | null | 2024-07-19 12:34 |
moneycontrol.com | https://www.moneycontrol.com/news/business/zydus-lifesciences-gets-usfda-nod-for-diabetes-drug-12772807.html | Zydus Lifesciences gets USFDA nod for diabetes drug | Zydus Lifesciences gets USFDA nod for diabetes drug. | Zydus Lifesciences on Friday said it has received approval from the US health regulator for its new drug application for a diabetes medication. The company has received final approval for its new drug application (NDA) from the US Food and Drug Administration (USFDA) to market Zituvimet XR (sitagliptin and metformin hy... | null | null | 2024-07-19 12:26 |
moneycontrol.com | https://www.moneycontrol.com/news/business/air-india-to-operate-relief-flight-from-mumbai-to-fly-passengers-stranded-in-russia-12772802.html | Air India to operate relief flight from Mumbai to fly passengers stranded in Russia | Air India to operate relief flight from Mumbai to fly passengers stranded in Russia. | Air India on Friday said it is operating a relief flight from Mumbai to fly its Delhi-San Francisco flight passengers, who are stranded at the Krasnoyarsk International Airport (KJA) in Russia since Thursday. In an updated statement on microblogging site X, the airline said it has already received regulatory approvals ... | null | null | 2024-07-19 12:20 |
moneycontrol.com | https://www.moneycontrol.com/news/business/ramkrishna-titagarh-rail-nearing-financial-closure-for-rs-2180-crore-forged-wheels-project-12772777.html | Ramkrishna Titagarh Rail nearing financial closure for Rs 2,180 crore forged wheels project | Ramkrishna Titagarh Rail nearing financial closure for Rs 2,180 crore forged wheels project.Related stories. | Ramkrishna Titagarh Rail Wheels Ltd (RTRWL), a joint venture between city-based Ramkrishna Forgings Ltd and Titagarh Rail Systems Ltd, is nearing financial closure for its Rs 2,180-crore forged wheels project, a top company official said. Financial closure for a project financing is the stage where all conditions of a ... | null | null | 2024-07-19 12:03 |
moneycontrol.com | https://www.moneycontrol.com/news/business/spicejet-board-to-consider-raising-fresh-capital-via-qip-on-july-23-12772632.html | SpiceJet board to consider raising fresh capital via QIP on July 23 | SpiceJet board to consider raising fresh capital via QIP on July 23.Related stories. | No-frills carrierSpiceJeton Friday said the company will hold a board meeting on July 23 to consider raising fresh capital through qualified institutional placement (QIP) basis. "... a meeting of the Board of Directors of SpiceJet Ltd will be held on July 23, 2024 (Tuesday), inter-alia, to consider and approve raising ... | null | null | 2024-07-19 10:51 |
moneycontrol.com | https://www.moneycontrol.com/news/business/vedanta-resources-pays-246-million-dues-to-help-revive-operations-at-zambian-copper-mine-12772555.html | Vedanta Resources pays $246 million dues to help revive operations at Zambian copper mine | Vedanta Resources pays $246 million dues to help revive operations at Zambian copper mine. | UK-based Vedanta Resources, parent of India's Vedanta, has settled dues worth $245.75 million to help revive operations in Konkola copper mines (KCM) in Zambia as part of a deal to take back the mines, the Indian miner said on Friday. The miner, owned by billionaire Anil Agarwal, had in November 2023 regained control o... | null | null | 2024-07-19 09:51 |
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