In this issue

July 03, 2024

Sebi issues showcause notices to Hindenburg Research, 5 others

Alleges Hindenburg disclosures misleading

4 mins

Hindenburg was never a client or investor, clarifies KMIL

Kotak Mahindra International Ltd (KMIL) and K-India Opportunities Fund (KIOF) have said Hindenburg has never been a client of the firm or an investor t in the fund.

1 min

Labour pains, the silent crisis undermining India's infra boom

Severe shortage of skilled, unskilled workers threatens to pull emergency brakes on India's industrial engine

5 mins

Premium airfares soar much faster than economy class

The 'premium economy' class on domestic flights in India has transformed in the past five years, evolving from an overlooked option to a sought-after service.

2 mins

PM may finalise 100-day agenda after Budget

Prime Minister Narendra Modi is likely to chair meetings of secretaries to finalise the government's 100-day agenda after the Union Budget for 2024-25, which is likely to be presented later this month.

1 min

Third term a mandate for speed, continuity: Modi

PM says working on war footing to curb paper leaks, guilty won't be spared

3 mins

RIL set to invest $60 bn in 10 yrs

Reliance Industries Ltd (RIL), India's biggest firm operating in areas such as oil refining and retail, will invest $60 billion in the next 10 years, according to an estimate by global financial powerhouse Morgan Stanley.

1 min

IT firms may see green shoots in June quarter

But, Q1FY25 could rank among the weakest in the past decade

2 mins

Crypto companies call for multi-agency regulation

Home-grown cryptocurrency firms suggest that regulating the sector may necessitate the involvement of multiple agencies, given the approaching deadline to develop a unified framework.

2 mins

Atmanirbharta has been part of our culture from Day One: Tata Hitachi MD

Long before atmanirbhar or selfreliance became a buzzword, Tata Hitachi, a joint venture between Tata Motors and Japan's Hitachi Construction Machinery Company, had embraced it.

2 mins

Unacademy hands pink slips to 250 more employees

Edtech firm Unacademy has laid off 250 people across verticals, according to people familiar with the matter, reducing its employee strength by 50 per cent from what it was two years ago.

1 min

Adani Power boosts capacity again, targets 30+ Gw now

Private power producer Adani Power is ratcheting up its electricity generation capacity to match the country's growing power demand.

1 min

₹35K cr Aramco order biggest ever, says L&T

Firm clarifies it is part of existing order book, not new

2 mins

Heatwave grip on May consumption, base-year effect cool GST growth

The single-digit growth of 7.7 per cent in goods and services tax (GST) collections in June points to the impact of the May heatwave on consumption, coupled with a base year effect, according to analysts.

1 min

Adi-Nadir family to buy 12.65% in Godrej Industries

RKN Enterprises to sell stake valued at ₹3,858 crore

1 min

Monsoon covers entire India 6 days in advance: IMD

The southwest monsoon covered the entire country on Tuesday, six days ahead of its normal date, boosting prospects of kharif sowing, the India Meteorological Department (IMD) said.

1 min

Slower foreign flows keep bond yields steady

Tally after two trading sessions since JPM entry

1 min

Power sector eyes green policy push, tax breaks

Sector execs expect funding for green hydrogen, offshore wind

2 mins

Component PLI top demand of electronics firms

Manufacturers aim at attracting global value chains, scaling up production

2 mins

World Bank paper argues for priority sector tag in push for rural women-led enterprises

India needs to assign a specific priority sector tag for women-led rural enterprises for easier access to credit, according to a study by the World Bank.

2 mins

More women on boards, but top management tally lags global avg

The share of women in boards of companies went up from just over 5 per cent in FY14 to nearly 16 per cent in FY23, according to a study by National Council of Applied Economic Research (NCAER).

1 min

RBI looks to ease export, import transaction norms

Grants more autonomy to banks for efficient services to forex customers

1 min

Defies logic, restore remarks: Rahul

SPEAKER EXPUNGES PORTIONS OF LOP'S SPEECH

1 min

Study House rules, raise issues: Modi to NDA MPs

Prime Minister Narendra Modi ☐ Democratic Alliance (NDA) conon Tuesday asked all National stituents to appoint spokespersons, who should regularly coordinate with each other to ensure that the government's views on issues are conveyed forthrightly and in unison.

1 min

EVM, Manipur to Agnipath: Oppn trains guns on govt, EC

18th LS' 1st session adjourned sine die

2 mins

Nepali Cong, CPN-UML strike deal to oust PM Prachanda

In a dramatic political development, Nepal's two largest parties - Nepali Congress and CPN-UML-have inked a midnight powersharing deal to form a new 'national consensus government' to replace the coalition government led by Prime Minister Pushpa Kamal Dahal Prachanda, who on Tuesday refused to resign.

1 min

Wall Street maps out what a Trump win would mean for bond market

Financial giants from Goldman Sachs & Co. to Morgan Stanley and Barclays Plc. are taking a fresh look at how a Donald Trump victory in November could play out in the bond market.

2 mins

US to provide $2.3 bn more in military aid to Ukraine: Austin

Defence Secretary Lloyd Austin said Tuesday that the US will soon announce an additional USD 2.3 billion in security assistance for Ukraine, to include antitank weapons, interceptors and munitions for Patriot and other air defence systems.

1 min

From courtroom to Downing Street: Keir Starmer is on the cusp of power

Keir Starmer, the leader of Britain's Labour Party, nodded sympathetically as a young mother recalled, in harrowing terms, how she had watched closed-circuit television footage of the fatal stabbing of her 21year-old son, whose heart was pierced with a single blow.

1 min

Don't do something you regret: Sunak

RUN-UP TO UK POLLS ON THURSDAY

1 min

The rise of skyscrapers

Each time crossing over the Bandra-Worli Sea link, my eyes get locked in to admire Mumbai's skyline of towers, wrapped in glass.

3 mins

Investor confidence

Index inclusion also has risks

2 mins

India-UK innings back on track

On July 4, British citizens will head to the polls to vote in an early general election.

4 mins

Uncle Sam's dollar Ponzi scheme

US's terrible political and economic leadership will ultimately cost the dollar its value. India must act early to avoid being dragged down

4 mins

Overdue Census

The delay is disturbing

2 mins

Centre's sacrifice for cooperative federalism

It has now been seven years since the Goods and Services Tax (GST) was introduced.

4 mins

Over 100 dead in stampede at satsang in UP's Hathras

PM MODI ANNOUNCES ₹2 LAKH EX GRATIA FOR NEXT OF KIN OF DEAD | CONDOLENCES POUR IN; UP CM MAY VISIT SITE TODAY

2 mins

Quant MF raises wager on HDFC Bank, exposure up

Quant Mutual Fund (MF), one of the few fund houses to run a significant underweight position in private banks, has raised its allocation towards HDFC Bank.

1 min

Broking stocks slide on Sebi pivot

Exchanges and depositories also feel the heat

1 min

Kotak MF lifts curbs on smallcap fund

Kotak Mutual Fund has lifted investment restrictions on its smallcap fund, citing stability in the category post the general elections.

1 min

Robust production, new initiatives to drive growth for Coal India

Coal India looks set to achieve its 2024-25 (FY25) production targets. If it can achieve its aim of ramping up Fuel Supply Agreement (FSA) and e-auction volumes, along with cost-saving, evacuation and infrastructure-improvement projects, the company could maintain its momentum as a critical infrastructure and core industry performer.

2 mins

Rising demand for ACs pushes up Voltas stock

Distribution expansion, launches may perk up firm's showing

2 mins

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