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System User
Bulk deal: FIIs bought 42.78 lakh shares in Swan Energy
Swan Energy shares hit a 5% upper circuit at ₹725.25 after Foreign Institutional Investors, including BlackRock Emerging Frontiers Master Fund Ltd. and BlackRock Global Funds India, bought 42.78 lakh shares via bulk deals. The FIIs acquired stakes of 0.78% and 0.58% respectively, with a transaction value exceeding ₹285 crore.
https://tradebrains.in/features/realty-stock-hits-5-upper-circuit-after-fiis-bought-42-78-lakh-shares-in-the-company-via-the-bulk-deal/?utm_source=inshorts&utm_medium=referral&utm_campaign=fullarticle
Trade Brains
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2024-07-09T07:48:47.000Z
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PVV Infra hits 2% upper circuit after announcing 1:1 bonus issue
Shares of PVV Infra Ltd began Tuesday’s trading at ₹20.38, marking a 2% upper circuit from its previous close. This surge followed an exchange announcement that its Board of Directors had approved a 1:1 bonus share issue, entitling eligible shareholders to receive one fully paid-up bonus equity share for each existing share held as of the record date.
https://tradebrains.in/features/penny-stock-hits-upper-circuit-after-company-announces-11-bonus-issue/?utm_source=inshorts&utm_medium=referral&utm_campaign=fullarticle
Trade Brains
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2024-07-09T07:44:38.000Z
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Pitti Engineering’s board approved to raise ₹360 crore via QIP
Pitti Engineering Ltd shares rose 4.3% to ₹1,205.75 on Tuesday after the board approved raising ₹360 crore via a qualified institution placement of equity shares at a floor price of ₹1,054.25 per share. Pitti Engineering manufactures electrical steel laminations, motor cores, sub-assemblies, die-cast rotors, press tools, and metal components.
https://tradebrains.in/features/metal-stock-jumps-4-after-companys-board-approved-to-raise-360-cr-via-qip/?utm_source=inshorts&utm_medium=referral&utm_campaign=fullarticle
Trade Brains
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2024-07-09T07:39:28.000Z
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How much gold can Indians keep at home?
In India, there's no legal limit on the amount of gold you can store at home, as long as you can demonstrate you acquired it through legitimate means. The key thing is explaining the source of income if questioned by the tax authorities. However, married women can keep up to 500 grams of gold.
https://www.topindiannews.com/business/how-much-gold-can-indians-keep-at-home-news-20526?utm_source=inshorts&utm_medium=referral&utm_campaign=fullarticle
Top India News
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2024-07-09T07:31:40.000Z
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System User
Nike laid off around 40% of senior employees
In its latest round, Nike laid off around 40% of its senior roles which included vice presidents among other higher positions. The latest round of Nike layoffs was announced amid the company facing financial difficulties and poor stock market performance. The recent layoffs affected 732 senior people.
https://www.latestly.com/world/nike-layoffs-us-based-sportswear-company-fires-40-of-its-senior-people-including-vice-presidents-and-higher-roles-in-its-latest-round-6096528.html?utm_source=inshorts&utm_medium=referral&utm_campaign=fullarticle
Latestly
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https://shrts.in/4jDkd
2024-07-09T06:49:31.000Z
800
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Anmol Sharma
What are the 7 demands listed by govt employees' union for Budget?
Government employees' union made seven key demands for Budget 2024. They demanded constitution of 8th Pay Commission, scrapping of NPS, release of 18-month DA/DR frozen during COVID-19 pandemic and removal of 5% ceiling on compassionate appointments. They also demanded filling up of all vacant posts, regularising casual contractual labourers and ensuring democratic functioning of associations.
https://www.news18.com/amp/business/economy/8th-pay-commission-da-arrears-old-pension-scheme-govt-employee-union-has-7-demands-ahead-of-budget-2024-8958793.html?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts
News18
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https://shrts.in/Zyz2h
2024-07-09T07:54:08.000Z
1,000
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Nirmala Sitharaman to present Budget on July 23
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Anmol Sharma
Why are rice stocks skyrocketing today?
Rice-related stocks LT Foods, KRBL, GRM Overseas, and Kohinoor Foods surged in the range of 9-15% in early trade on Tuesday. This comes after a report claimed that the government is looking to relax restrictions on exports of some rice varieties. The Centre might reportedly review restrictions in September, once ongoing kharif season concludes and final production figures are available.
https://www.news18.com/amp/business/markets/lt-foods-krbl-kohinoor-rice-stocks-surge-up-to-15-as-india-likely-to-relax-export-limits-8959305.html?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts
News18
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https://shrts.in/m1gnr
2024-07-09T07:22:58.000Z
1,000
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business
KRBL shares jumped 12.9%
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Anmol Sharma
Which are the world's 10 most affordable countries for immigrants?
Vietnam is the most affordable country in the world for immigrants, as per a 2024 InterNations study. Vietnam is followed by Colombia, Indonesia, Panama and Philippines. India, Mexico, Thailand, Brazil and China also feature in the top 10. Six Asian countries feature in the top 10.
https://www.hindustantimes.com/business/vietnam-is-worlds-most-affordable-country-for-immigrants-in-2024-india-is-in-top-10-101720501865565-amp.html?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts
Hindustan Times
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https://shrts.in/mCKFj
2024-07-09T07:03:31.000Z
800
business
business
'Thailand ranks first in affordable housing'
The study said
System User
Diamond Power received order worth ₹409 cr from Adani Green Energy
Diamond Power Infrastructure Ltd, began Tuesday's trading at ₹1,267.15, marking a 2% upper circuit from the previous close. This surge followed news of a ₹409 crore contract from Adani Green Energy for LV/MV cables, stipulating completion by December 2024. Diamond Power is engaged in the business of manufacturing Transmission and distribution of power products and services in India.
https://tradebrains.in/features/smallcap-stock-hits-upper-circuit-after-receiving-an-order-worth-409-cr-from-adani-green-energy/?utm_source=inshorts&utm_medium=referral&utm_campaign=fullarticle
Trade Brains
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https://shrts.in/igk4x
2024-07-09T06:32:05.000Z
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Debaroti Adhikary
Yes Bank shares rise 2% after it denies '51% stake sale' report
Shares of Yes Bank rose around 2% on Tuesday after it denied a report claiming the RBI has approved the sale of up to 51% stake in the bank, which would have paved the way for its new ownership. Yes Bank called the report ""factually incorrect and purely speculative"". Yes Bank shares hit an intra-day high of ₹26.42 on Tuesday.
https://www.moneycontrol.com/news/business/markets/reports-of-51-stake-sale-factually-incorrect-says-yes-bank-shares-climb-12764968.html/amp?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts
Moneycontrol
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https://shrts.in/sx9Jt
2024-07-09T06:31:57.000Z
600
business, FINANCE
business, FINANCE
Yes Bank shares opened at ₹26.09 on Tuesday
They had closed at ₹25.69 on Monday
System User
CESC stock jumps 8% after increasing tariff on power distribution
CESC Limited engaged in the business of mining coal, generation, transmission, and distribution of electricity jumped 8% in the day’s trade, upon stating that an additional 5.7% tariff would be levied on account of fuel and power purchase adjustment surcharge (FPPAS) in the power bill for June, thereby hiking tariff prices.
https://tradebrains.in/features/power-stock-jumps-8-company-increases-tariff-on-power-distribution/?utm_source=inshorts&utm_medium=referral&utm_campaign=fullarticle
Trade Brains
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https://shrts.in/UQAfb
2024-07-09T06:19:03.000Z
800
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Real luxury is clean air, not quick deliveries: Indian woman in US
Niharikaa Kaur Sodhi, newly relocated to US, went viral on X (formerly Twitter) after posting about the stark differences in living standards of India and US. She highlighted how luxuries in India, like quick food deliveries, pale compared to US basics like clean air and reliable electricity. Her post sparked debates, with users sharing varied opinions on quality of life.
https://startuppedia.in/trending/trending/real-luxury-is-clean-air-not-quick-food-delivery-indian-woman-in-us-5551679?utm_source=inshorts&utm_medium=referral&utm_campaign=fullarticle
Startup Pedia
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https://shrts.in/JVJe5
2024-07-09T06:15:46.000Z
800
business, startup
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System User
Larsen & Toubro acquires SiliConch Systems to expand its business
Shares of Larsen & Toubro Limited surged 1.5% to ₹3,685, after its subsidiary L&T Semiconductor Technologies Limited acquired 100% stake in SiliConch Systems Private Limited for ₹183 crore. The acquisition is expected to add IP, engineering skillsets and design expertise to strengthen the Group’s presence in fabless semiconductor business, thus aligning with the overall growth strategy of LTSCT.
https://tradebrains.in/features/large-cap-stock-jumps-after-it-acquires-siliconch-systems-to-expand-its-semiconductor-business/?utm_source=inshorts&utm_medium=referral&utm_campaign=fullarticle
Trade Brains
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2024-07-09T06:06:08.000Z
800
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System User
Penny stocks locked in the upper circuit on July 9
In the current trading session, the Sensex rallied by 0.19%, trading above the 80,114.15 mark, while the Nifty gained 0.15%, trading around the 24,356.80 level. Furthermore, NIFTY Bank soared by 0.05% and FINNIFTY is up by 0.10%. Top gainers are Maruti, ITC and Titan whereas, ONGC, Dr Reddy’s Laboratories and Kotak Bank are among the top losers.
https://www.dsij.in/dsijarticledetail/articleid/39615/artmid/10163/preview/true?utm_source=inshorts&utm_medium=referral&utm_campaign=fullarticle
Dalal Street Investment Journal
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https://shrts.in/n2A8Y
2024-07-09T05:54:31.000Z
800
business, FINANCE
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System User
VA Tech Wabag to sell its Romania subsidiary for €1,200,000
VA Tech Wabag Ltd shares rose 3% to ₹1,352.20 apiece on Tuesday following the Board's approval to sell its 100% stake in Wabag Romania for €1,200,000. The company, specializing in water treatment, focuses on the design, supply, installation, construction, and operation of drinking water, waste water, industrial water, and desalination plants.
https://tradebrains.in/features/smallcap-stock-jumps-3-after-company-to-sell-its-romania-subsidiary-for-e1200000/?utm_source=inshorts&utm_medium=referral&utm_campaign=fullarticle
Trade Brains
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2024-07-09T05:47:28.000Z
800
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Debaroti Adhikary
US to inspect 2,600 Boeing 737 jets over oxygen mask issue
US Federal Aviation Administration (FAA) has ordered inspections of 2,600 Boeing 737 airplanes over risk of passenger oxygen masks failing during an emergency due to a retention strap. This comes after multiple reports of passenger service unit oxygen generators shifting out of position. Boeing is currently facing a crisis after two fatal crashes in 2018-2019 and multiple security breaches.
https://www.reuters.com/business/aerospace-defense/faa-orders-inspections-2600-boeing-737-airplanes-over-oxygen-mask-issue-2024-07-08/?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts
Reuters
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2024-07-09T06:18:03.000Z
600
business
business
Boeing will plead guilty to criminal charges
Charges are related to two fatal crashes
System User
Inox Wind bags an order for wind turbine generators
Inox Wind shares rose 2% to ₹161.15 after securing a 200 MW order from a renewable C&I power producer. The project, involving 3 MW wind turbine generators and turnkey execution, will be implemented in Gujarat and Rajasthan, with Inox Wind providing multi-year O&M services. Inox manufactures wind turbine generators and provides wind energy solutions to IPPs, utilities, PSUs, and others.
https://tradebrains.in/features/green-energy-stock-jumps-7-after-bagging-an-order-for-wind-turbine-generators/?utm_source=inshorts&utm_medium=referral&utm_campaign=fullarticle
Trade Brains
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2024-07-09T05:29:16.000Z
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MGL hikes CNG-PNG prices for Mumbai consumers
Mahanagar Gas Ltd has announced price hikes for CNG and domestic PNG in Mumbai and nearby areas starting midnight July 8-9. CNG prices will rise by ₹1.50/kg to ₹75/kg, while domestic PNG rates will increase by ₹1/SCM to ₹48/SCM, including all applicable taxes. The fresh revision will hit over a million vehicle owners who use CNG.
https://investmentguruindia.com/newsdetail/mgl-hikes-cng-png-prices-for-mumbai-consumers506667?utm_source=inshorts&utm_medium=referral&utm_campaign=fullarticle
Investment Guru India
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2024-07-09T05:29:05.000Z
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Debaroti Adhikary
Maruti shares rise 6% as UP waives registration fee of hybrid cars
Shares of Maruti Suzuki rose around 6% on Tuesday to emerge as the top gainer on Sensex and Nifty. This comes after UP government announced to completely waive off registration fee of hybrid cars to promote use of environment-friendly vehicles in the state. Maruti Suzuki shares hit an intra-day high of ₹12,775.
https://www.news18.com/amp/business/markets/stocks-to-watch-sensex-rises-over-160-points-nifty-above-24300-maruti-suzuki-up-3-8959222.html?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts
News18
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2024-07-09T05:15:20.000Z
600
business, FINANCE
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Maruti Suzuki shares opened at ₹12,205.05
It rose 1.5% from its previous close of ₹12,026
System User
Dollar weakens pre-Powell; Euro steadies amid French uncertainty
On Tuesday, the US dollar lingered near multi-week lows against major currencies, impacted by Friday's disappointing jobs report. Traders awaited Federal Reserve Chair Jerome Powell's testimony for rate direction clues. The euro was little changed at $1.0827, sitting not far from Monday's nearly four-week peak of $1.0845.
https://investmentguruindia.com/newsdetail/dollar-droops-before-powell-testimony-euro-weathers-france-uncertainty678739?utm_source=inshorts&utm_medium=referral&utm_campaign=fullarticle
Investment Guru India
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2024-07-09T03:54:43.000Z
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Oil prices little changed, concern around hurricane damage eases
Oil prices slipped on Tuesday, extending losses from the previous session, after a hurricane that hit a key US oil-producing hub in Texas caused less damage than markets had expected, easing supply concerns. Brent futures fell 22 cents to $85.53 a barrel by 0321 GMT, while US West Texas Intermediate (WTI) crude fell 24 cents to $82.09.
https://investmentguruindia.com/newsdetail/oil-prices-little-changed-concern-around-hurricane-damage-eases151864?utm_source=inshorts&utm_medium=referral&utm_campaign=fullarticle
Investment Guru India
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2024-07-09T03:42:11.000Z
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Gold edges higher as investors await Powell's testimony
Gold prices inched higher on Tuesday after a sharp drop in the previous session, with investors awaiting Federal Reserve Chair Jerome Powell's testimony before Congress and June inflation data to assess the next policy move by the US central bank. Spot gold was up 0.1% at $2,361.77 per ounce, as of 0208 GMT, after falling more than 1% on Monday.
https://investmentguruindia.com/newsdetail/gold-edges-higher-as-investors-await-powell-s-testimony330950?utm_source=inshorts&utm_medium=referral&utm_campaign=fullarticle
Investment Guru India
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2024-07-09T03:33:28.000Z
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Asia shares rise on Powell's dovish stance hope
Asian shares rose on Tuesday, mirroring Wall Street's gains amid expectations that U.S. Federal Reserve Chair Jerome Powell would adopt a dovish tone on easing later. The dollar stabilized near four-week lows. The euro recovered, French shares fluctuated, and French bond risk premiums over German tightened after surprising election outcomes left France with a hung parliament.
https://investmentguruindia.com/newsdetail/asian-shares-track-wall-street-higher-markets-hope-for-dovish-stance-from-powell955303?utm_source=inshorts&utm_medium=referral&utm_campaign=fullarticle
Investment Guru India
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2024-07-09T03:30:21.000Z
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Indian shares set for cautious start ahead of Powell speech
Indian shares are set for a cautious start on Tuesday as traders await comments from US Federal Reserve Chair Jerome Powell for cues on the timing of a rate cut. The GIFT Nifty was at 24,372 as of 8:00 am IST, suggesting that the NSE Nifty 50 will open near its close of 24,323.85 on Monday.
https://investmentguruindia.com/newsdetail/indian-shares-set-for-cautious-start-ahead-of-powell-speech815574?utm_source=inshorts&utm_medium=referral&utm_campaign=fullarticle
Investment Guru India
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2024-07-09T03:17:34.000Z
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Sam Altman and Arianna Huffington launch AI health startup
Thrive Global’s Arianna Huffington and OpenAI’s Sam Altman have launched Thrive AI Health, an AI-powered health coaching startup. Led by DeCarlos Love, the venture aims to revolutionize personalized health by integrating AI into behavior change. The initiative, supported by the Alice L. Walton Foundation and Stanford Medicine, seeks to democratize health benefits and improve accessibility.
https://www.breezyscroll.com/technology-news/sam-altman-and-arianna-huffington-launch-ai-health-startup/?utm_source=inshorts&utm_medium=referral&utm_campaign=fullarticle
BreezyScroll
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https://shrts.in/XWrKg
2024-07-09T01:11:07.000Z
800
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Debaroti Adhikary
Gautam Adani planning to build ships at Mundra port: Report
Billionaire Gautam Adani is planning to start building ships at India's largest and the group's flagship port at Mundra, Economic Times reported. This comes as yards in China, South Korea and Japan are booked out until at least 2028, forcing global fleet owners to look at alternate manufacturing sites including India for new vessels, the report added.
https://www.moneycontrol.com/news/business/gautam-adani-plans-building-ships-at-mundra-port-report-12764887.html/amp?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts
Moneycontrol
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https://shrts.in/3wiHe
2024-07-09T04:33:50.000Z
600
business
business
Mundra Port is located in northern Gulf of Kutch
India is ranked 20th in commercial shipbuilding
Debaroti Adhikary
SEBI approves IPOs of Akums Drugs, Orient Tech, 2 others
SEBI has approved four IPOs of Akums Drugs and Pharmaceuticals, Ceigall India, Orient Technologies and Gold Plus Glass Industry. The four companies had filed their IPO papers with SEBI in February, while they received approval between June 29 and July 2. The firms plan to raise a total of ₹1,918 crore fresh capital along with OFS.
https://www.ndtvprofit.com/ipos/sebi-approves-ipos-worth-rs-1918-crore?src=p1&utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts
NDTV Profit
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https://shrts.in/GN2te
2024-07-09T03:37:54.000Z
600
business, FINANCE
business, FINANCE
Shares of these firms will be listed on BSE, NSE
SEBI put SK Finance's ₹2,200-cr IPO in abeyance
Bhawana Chaudhary
Victoria, David Beckham to attend Anant, Radhika's wedding: Report
Former England football captain David Beckham and his wife Victoria Beckham, who is a fashion designer, are reportedly going to attend the wedding of billionaire Mukesh Ambani's son Anant and Radhika Merchant. During his trip to India in 2023, David was hosted by the Ambani family at their home Antilia. Earlier, Justin Bieber performed at the couple's sangeet function.
https://www.hindustantimes.com/entertainment/hollywood/david-beckham-victoria-beckham-invited-to-anant-ambani-radhika-merchants-wedding-report-101720448841807-amp.html?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts
Hindustan Times
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https://shrts.in/tBM5Z
2024-07-08T17:27:50.000Z
600
business, entertainment
entertainment, business
Bill Gates had attended the pre-wedding function
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Bhawana Chaudhary
Low-cost airline Air Kerala gets NOC from Civil Aviation Ministry
Low-cost airline Air Kerala, the brainchild of Dubai-based businessmen Afi Ahmed and Ayub Kallada, has received NOC from Civil Aviation Ministry. The airline, registered as 'Zettfly Aviation', has reportedly received NOC to ""operate scheduled commuter air transport services for three years"". ""Several people [had] questioned...and dismissed [us], saying it would never become reality,"" Ahmed said.
https://www.moneycontrol.com/news/business/low-cost-airline-air-kerala-brainchild-of-dubai-based-businessmen-gets-noc-from-govt-12764450.html/amp?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts
Moneycontrol
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https://shrts.in/h49R1
2024-07-08T16:50:25.000Z
600
business
entertainment, business
‘We’ll now start acquiring aircraft’
Tap to read what else Kallada said
Bhawana Chaudhary
SEBI puts Jaipur-based SK Finance's ₹2,200-crore IPO in abeyance
Securities and Exchange Board of India (SEBI) has put on hold the ₹2,200-crore proposed IPO of SK Finance, a Jaipur-based non-bank lender focused on vehicle finance and business loans. Without specifying reasons, SEBI stated that the ""issuance of observations (has been) kept in abeyance"". SK Finance had submitted its preliminary papers with SEBI in May.
https://www.moneycontrol.com/news/business/ipo/sebi-puts-sk-finances-rs-2200-crore-ipo-in-abeyance-12764728.html/amp?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts
Moneycontrol
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https://shrts.in/VideF
2024-07-08T16:03:13.000Z
800
business, FINANCE
business, FINANCE
Earlier, the firm raised ₹1,328cr from investors
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System User
Mukesh Ambani and son Akash pose at Anant-Radhika's haldi ceremony
Anant Ambani and Radhika Merchant's haldi celebrations are underway with family and friends attending. Mukesh and Akash Ambani were present. The festivities include Grah Shanti Puja, a mass wedding, a Mameru ceremony, and a Sangeet with Justin Bieber performing. The main wedding ceremonies begin on July 12, with the reception on July 14.
https://www.thehawk.in/posts/mukesh-ambani-poses-with-son-akash-ambani-at-anant-radhika's-haldi-ceremony?utm_source=inshorts&utm_medium=referral&utm_campaign=fullarticle
The Hawk
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https://shrts.in/eEXBW
2024-07-08T15:58:50.000Z
800
business, entertainment, national
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Anmol Sharma
CNG and PNG prices hiked in Mumbai
Mahanagar Gas on Monday announced a hike in prices of CNG and domestic piped natural gas (PNG) in and around Mumbai starting July 9. The price of delivered CNG will be hiked by ₹1.5/kg, while domestic PNG will be hiked by ₹1/SCM. The revised price for CNG will come to ₹75/kg and the domestic PNG price will come to ₹48/SCM.
https://www.moneycontrol.com/news/business/companies/mahanagar-gas-hikes-rates-for-cng-and-domestic-png-in-mumbai-12764651.html/amp?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts
Moneycontrol
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https://shrts.in/nu8iL
2024-07-08T15:30:38.000Z
800
business, national
business, national
Cost to import natural gas reason behind hike
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Ashley Paul
India's job growth doubled to 6% in FY24: RBI after Citi report on job creation
The provisional rate of job growth in India nearly doubled to 6% in FY24 from 3.2% in FY23, as per an RBI report released on Monday. This comes after a Citigroup report said India will fail to create enough jobs even with 7% growth. Traditionally, the RBI report provides only historical data but the latest edition includes provisional productivity estimates.
https://www.newsbytesapp.com/news/business/india-s-employment-provisionally-grew-at-6-in-fy24-rbi-data/story?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts
NewsBytes
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https://shrts.in/aq3sV
2024-07-08T15:25:58.000Z
800
business
business
Union Labour Ministry also rebutted the report
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System User
'Ather has sh*t marketing but great product': Zerodha's Kamath
Nikhil Kamath recently revealed how his passion and interest started towards EVs. He said supporting young Indian products and entrepreneurs was a key reason for investing in Ather Energy. ""Let us Indians buy more Indian brands, until one day non-Indians buy Indian brands, Every one of us has pluses and minuses, Ather has sh*t marketing but great product,"" Kamath wrote.
https://indianstartupnews.com/news/sorry-tarun-your-ather-has-shit-marketing-but-great-product-zerodha-cofounder-nikhil-kamath-5551058?utm_source=inshorts&utm_medium=referral&utm_campaign=fullarticle
Indian Startup News
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https://shrts.in/p1ykW
2024-07-08T15:25:12.000Z
800
business, startup
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System User
Is Bitcoin’s slump over? Experts say watch out for these clues
Bitcoin plummeted as low as $54,300 early Monday, marking a more than 15% drop since last week. The crash dragged the overall crypto market with it, with total market valuation tumbling almost 20% to $2.1 trillion. But how bad will the bloodbath get? Experts point to four factors - Ethereum ETFs, Mt. Gox repayments, Germany and Federal Reserve.
https://www.dlnews.com/articles/markets/bitcoin-price-driven-by-fed-mt-gox-germany-and-eth-etfs/?utm_source=inshorts&utm_medium=referral&utm_campaign=inshorts_content_partnership&utm_source=inshorts&utm_medium=referral&utm_campaign=fullarticle
Dl News
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https://shrts.in/tMHPf
2024-07-08T15:17:51.000Z
800
world, miscellaneous, business
null
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System User
US-based Westgate Resorts lays off 357 people
Westgate Resorts, a US-based hospitality company that owns several hotels and resorts, announced to let go 357 workers. Westgate Resorts layoffs notice was filed on June 28 and it would begin on August 30, 2024. Despite layoffs, Westgate Resorts would allow the affected workers to apply for open and available positions within the company.
https://www.latestly.com/lifestyle/travel/layoffs-2024-us-based-westgate-resort-announced-to-lay-off-357-workers-to-streamline-operations-6095504.html?utm_source=inshorts&utm_medium=referral&utm_campaign=fullarticle
Latestly
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https://shrts.in/J4Zh2
2024-07-08T15:02:10.000Z
800
world, business, travel
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Anmol Sharma
Govt responds to Citigroup report saying India can't create enough jobs even with 7% growth
The government has rebutted Citigroup's report that said India will not be able to create enough jobs even with 7% growth. The government said that the report fails to account for the comprehensive and positive employment data available from official sources such as the Periodic Labour Force Survey (PLFS) and the Reserve Bank of India's KLEMS data.
https://www.etnownews.com/jobs/india-will-struggle-citigroups-employment-forecast-government-responds-article-111580129/amp?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts
ET NOW
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https://shrts.in/qjqvS
2024-07-08T14:35:20.000Z
800
business
business
Govt released several figures to counter report
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Anmol Sharma
Banks in good condition, govt should take stance on disinvestment of public banks: SBI report
An SBI report titled 'Prelude to Union Budget 2024-25' said as banks are in good condition, government should take stance on disinvestment of state-owned banks. With regard to privatisation of IDBI Bank, the report said the government and LIC are selling an almost 61% stake in the lender. The report also recommended the government should tweak tax on deposit interest.
https://www.news18.com/amp/business/psb-idbi-bank-disinvestment-latest-news-sbi-research-8958701.html?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts
News18
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https://shrts.in/Tovvm
2024-07-08T13:47:13.000Z
800
business
business
To read what more the report said
Tap here
System User
With ₹10 lakh, 3 friends built ₹3cr revenue startup in 2 yrs
Vishnu Sharma, Mihir Bhardwaj, and Shobhit Singh faced chaos during a startup's app launch due to traffic and inadequate tools. It inspired them to create Rannkly in 2021, a SaaS product, with ₹10 lakh savings, to streamline customer feedback and review management. Its AI-powered features offer social media and campaign management to businesses, generating ₹3 crore revenue in 2 years.
https://startuppedia.in/post/5550909?utm_source=inshorts&utm_medium=referral&utm_campaign=fullarticle
Startup Pedia
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https://shrts.in/hcFHx
2024-07-08T13:31:30.000Z
800
business, startup
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System User
Ola CEO offers free map access, ₹100 Cr credit to exit Google maps
Bhavish Aggarwal announced on X that Ola is offering Indian developers one year of free access to Ola Maps via Krutrim. Over ₹100 crore in free credits are available for registered developers. Ola, having saved ₹100 crore by switching from Google Maps to in-house Ola Maps, aims to address India's mapping challenges with AI-driven real-time data from millions of vehicles.
https://startuppedia.in/trending/trending/ola-ceo-offers-1-year-free-access-100-cr-credit-to-exit-google-maps-5550829?utm_source=inshorts&utm_medium=referral&utm_campaign=fullarticle
Startup Pedia
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https://shrts.in/nDLJf
2024-07-08T12:40:03.000Z
800
business, startup
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Arshiya Chopra
Penthouse sold for ₹37 crore in Pune, most expensive property deal in the city
A 12,000 sq ft penthouse in Lodha One, Bund Garden in Pune has been sold for ₹37 crore making it the most expensive property deal in the city, Hindustan Times reported while quoting the company. Over the last two years, Pune has seen 32 apartment registrations in the luxury segment, valued above ₹10 crore (agreement value), HT reported.
https://www.hindustantimes.com/real-estate/top-real-estate-deal-40-000-sq-ft-penthouse-in-pune-sold-for-rs-37-crore-101720430824239-amp.html?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts
Hindustan Times
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https://shrts.in/R6wFC
2024-07-08T12:33:35.000Z
800
business
business
The penthouse is called 'Emperor Palace'
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Bhawana Chaudhary
Anant-Radhika's families perform Grah Shanti puja ahead of wedding
Ahead of their wedding, Anant Ambani and Radhika Merchant's families performed a 'Grah Shanti' puja. Their families came together for a group picture which included Mukesh Ambani's sisters Nina Kothari and Dipti Salgaocar, brother Anil Ambani and his wife Tina. Anant Ambani's grandmothers Kokilaben Ambani and Purnima Dalal were also seen. The couple will get married on July 12.
https://www.news18.com/amp/movies/ambani-family-gets-together-for-auspicious-grah-shanti-puja-ahead-of-anant-ambani-radhika-merchant-wedding-8958410.html?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts
News18
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https://shrts.in/T5Em6
2024-07-08T12:21:26.000Z
800
business, entertainment
business, entertainment
Singer Vishal Mishra also attended the event
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Debaroti Adhikary
I agree: Musk as post says 'Get off Twitter, and go have babies!'
Elon Musk took to X on Sunday to react to American television reporter John Stossel's post saying, ""Get off Twitter, and go have babies! The Earth NEEDS more people."" Musk responded by saying, ""I agree!"" Notably, the X (formerly Twitter) owner in 2019 had said, ""I think the biggest problem the world will face in 20 years is population collapse.""
https://x.com/elonmusk/status/1810011702802751806?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts
X (formerly Twitter)
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https://shrts.in/mq4Cn
2024-07-08T11:34:01.000Z
600
business, technology
business, technology
Musk in June confirmed birth of his 12th child
He bought Twitter in 2022, rebranded it to X
System User
Marine Electricals bags work order worth ₹50 crore; stock jumps 5%
Marine Electricals is engaged in the manufacturing and sale of all types of marine and industrial electrical and electronic components, such as switchgear and control gears. The company secured orders amounting to ₹50 crore from DC Development Hyderabad Ltd for the supply of FIM LV Panels and Skid for the HYD20 expansion.
https://www.dsij.in/dsijarticledetail/articleid/39597/artmid/10163/preview/true?utm_source=inshorts&utm_medium=referral&utm_campaign=fullarticle
Dalal Street Investment Journal
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https://shrts.in/tegSb
2024-07-08T11:22:07.000Z
800
business, FINANCE
null
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Debaroti Adhikary
SpiceJet hasn't deposited employee provident fund since 2022: EPFO
SpiceJet has not deposited provident fund (PF) of its employees for nearly 2.5 years, Employees' Provident Fund Organisation (EPFO) told CNBC-TV18. The last provident fund deposit by the airline was made in January 2022 for 11,581 employees, EPFO said, adding that it has issued notices and summons to SpiceJet in this regard.
https://www.moneycontrol.com/news/business/spicejet-employee-provident-fund-dues-12764452.html/amp?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts
Moneycontrol
https://nis-gs.pix.in/in…36001346_90.jpg?
https://shrts.in/ytJJZ
2024-07-08T11:21:21.000Z
800
business
business
SpiceJet faces litigation from various lessors
It hasn't yet replied to queries over EPF
Pragya Swastik
Why is Indian tea getting costlier?
India's tea prices are soaring as excessive heat in May and ongoing Assam flooding reduced output in key producing regions. The government's decision to ban 20 pesticides also affected production, senior tea planter Prabhat Bezboruah said. India's May tea production plunged over 30% y-o-y to 90.92 million kg. In June's last week, average tea prices surged 20% y-o-y to ₹217.53/kg.
https://www.reuters.com/world/india/indias-tea-prices-soar-extreme-weather-slashes-output-2024-07-08/?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts
Reuters
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https://shrts.in/4H8cJ
2024-07-08T11:06:42.000Z
800
EXPLAINERS, business
business
Good rainfall improved tea production in June
But flooding in July limited plucking in Assam
System User
Crypto losses to hacks and exploits double in first half to $1.4bn
Twice as much money was stolen in hacks and exploits during the first half of 2024 as in the same period in 2023, as a few big attacks and rising crypto prices drove the total higher. By June 24, attackers stole $1.38 billion, compared to $657 million. Top 5 hacks and exploits accounted for 70% of the total amount stolen.
https://www.dlnews.com/articles/people-culture/first-half-losses-to-hacks-exploits-double-period-last-year/?utm_source=inshorts&utm_medium=referral&utm_campaign=inshorts_content_partnership&utm_source=inshorts&utm_medium=referral&utm_campaign=fullarticle
Dl News
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https://shrts.in/kRwky
2024-07-08T11:01:55.000Z
800
world, miscellaneous, business
null
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Debaroti Adhikary
New Modi govt's 1st Budget to focus on jobs, rural India: Goldman
The first Budget to be presented by Prime Minister Narendra Modi's new government may focus on rural economy and job creation, said economists at Goldman Sachs on Monday. While the government may make an ""overarching statement"" about long-term economic policy, it is expected to keep fiscal deficit target same at 5.1% of GDP, they added.
https://www.reuters.com/world/india/jobs-rural-india-likely-be-focus-new-modi-governments-first-budget-says-goldman-2024-07-08/?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts
Reuters
https://nis-gs.pix.in/in…3215925_235.jpg?
https://shrts.in/oNR7f
2024-07-08T10:59:12.000Z
600
business
business
FM Sitharaman will present the Budget on July 23
Tap to know what else Goldman Sachs said
System User
Delhivery gets govt approval for drone delivery, manufacturing
Government has approved Delhivery's new subsidiary, Delhivery Robotics India Private Limited, which will focus on drone technology, including R&D, DaaS, pilot training, and manufacturing. With authorized capital of ₹5 crore, the subsidiary will drive innovation in UAV technology, supported by Delhivery's portfolio company, Transition Robotics.
https://trak.in/stories/delhivery-gets-govt-approval-for-drone-deliveries-manufacturing-drones/?utm_source=inshorts&utm_medium=referral&utm_campaign=fullarticle
Trak.in
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https://shrts.in/twxiB
2024-07-08T10:54:37.000Z
800
business
null
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Debaroti Adhikary
Paytm stock jumps 9% after CEO says 'Aim is $100-billion firm'
Shares of Paytm rose around 9% on Monday after CEO Vijay Shekhar Sharma said he aims to make the fintech firm a ""$100-billion Indian company"". This comes after Paytm's market capitalisation faced massive erosion following RBI's restrictions on Paytm Payments Bank. ""We should have understood better and fulfilled our responsibilities more effectively,"" Sharma said.
https://www.moneycontrol.com/news/business/markets/paytm-stock-zooms-9-after-vijay-shekhar-sharma-aims-for-100-billion-valuation-12764471.html/amp?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts
Moneycontrol
https://nis-gs.pix.in/in…2758943_805.jpg?
https://shrts.in/5c9Gr
2024-07-08T10:39:37.000Z
600
business, FINANCE
business, FINANCE
Paytm shares closed at ₹472.05 on Monday
They hit an intra-day high of ₹479.70
System User
Welspun One raises Rs 2275 cr in second fund
Welspun One, an integrated fund and development management platform, has closed its second fund at Rs 2,275 crore, including co-investments. The company plans to invest in new-age warehousing assets, enhancing its portfolio to 18 million sqft and contributing significantly to India's logistics sector.
https://www.logisticsandscm.com/business/welspun-one-raises-rs-2275-cr-in-second-fund?utm_source=inshorts&utm_medium=referral&utm_campaign=fullarticle
Logistics And Scm
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https://shrts.in/5Z789
2024-07-08T10:12:00.000Z
800
business, national
null
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Debaroti Adhikary
'Go slow on MFI loans in Bihar, UP', says RBI to lenders: Report
The Reserve Bank of India (RBI) has asked microfinance lenders to go slow on loan disbursements in Bihar and Uttar Pradesh as a precautionary measure, Moneycontrol reported. The two states account for 25.3% of total microfinance loans, which are collateral-free loans primarily catering to low-income borrowers. RBI's directive is aimed at banks as well as non-banks, the report added.
https://www.moneycontrol.com/news/business/banks/rbi-asks-microfinance-lenders-to-go-slow-in-bihar-up-12764196.html/amp?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts
Moneycontrol
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https://shrts.in/7DHXp
2024-07-08T09:39:44.000Z
600
business
business
'Fast growth in Bihar, UP may be the cause'
The report added about RBI's directive
System User
Liver doc slams Zerodha's Nikhil for promoting alcohol on podcast
Dr Cyriac Abby Philips, known as ""The Liver Doc"" on social media, criticised Zerodha co-founder Nikhil Kamath for spreading health misinformation on his YouTube podcast. Kamath and his guests claimed that moderate alcohol consumption is beneficial, which Philips refused, calling it a ""garbage myth."" He reminded the negative health impacts of alcohol and urged responsible discussions on the topic.
https://startuppedia.in/trending/trending/liver-doc-slams-zerodha-nikhil-kamath-for-promoting-alcohol-on-podcast-5549946?utm_source=inshorts&utm_medium=referral&utm_campaign=fullarticle
Startup Pedia
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https://shrts.in/RnkFj
2024-07-08T09:33:02.000Z
800
business, startup
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Debaroti Adhikary
Seeing if Kingdon misled us about its links to Hindenburg: Kotak
Kotak Mahindra Bank is evaluating if it was misled by Kingdon Capital over its links to Hindenburg Research, Moneycontrol reported. This comes after Hindenburg claimed Kotak Bank created and oversaw offshore fund structure used by Kingdon to bet against Adani. This comes after market regulator SEBI issued a show-cause notice to Hindenburg over its report on the Adani Group.
https://www.moneycontrol.com/news/business/kotak-evaluating-if-kingdon-deliberately-misled-the-lender-call-on-legal-action-after-evaluation-12764199.html/amp?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts
Moneycontrol
https://nis-gs.pix.in/in…8487152_545.jpg?
https://shrts.in/qXDZu
2024-07-08T09:21:19.000Z
600
business
business
'Based on evaluation, we may take legal actions'
Kotak Mahindra Bank said
System User
SBI research advocates separate PLI scheme for MSMEs
Recognizing the pivotal role of MSMEs, SBI Research has called for a dedicated Production Linked Incentive (PLI) scheme tailored to their specific needs. Such a scheme could enhance their sectoral contributions and promote broader economic growth in industries like textiles, garments, food processing, electronics, and more.
https://thedailyguardian.com/sbi-research-advocates-separate-pli-scheme-for-msmes/?utm_source=inshorts&utm_medium=referral&utm_campaign=fullarticle
The Daily Guardian
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https://shrts.in/kUZBY
2024-07-08T08:51:48.000Z
800
business
null
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Debaroti Adhikary
Signatureglobal shares hit record high as Q1 pre-sales jump 255%
Shares of Signatureglobal rose around 1.5% to hit 52-week-high of ₹1,559.15 on Monday after the company recorded a 255% rise in pre-sales in April-June quarter (Q1). Signatureglobal's collections rose 102% to ₹1,210 crore, its best-ever collections since inception, while its net-debt reduced to ₹980 crore. The real estate developer's shares have risen 232.84% so far since their listing in 2023.
https://www.ndtvprofit.com/buzzing-stocks/multibagger-signatureglobal-hits-record-high-after-pre-sales-jumps-255-in-q1?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts
NDTV Profit
https://nis-gs.pix.in/in…3614220_814.jpg?
https://shrts.in/jxF5U
2024-07-08T09:02:23.000Z
600
business, FINANCE
business, FINANCE
Signatureglobal shares closed at ₹1499.95 on Fri
They opened at ₹1550 on Monday
Debaroti Adhikary
Unicorn truck aggregator BlackBuck files papers for IPO
Flipkart and Accel-backed truck aggregator BlackBuck has filed draft red herring prospectus (DRHP) to float IPO. The public issue will consist of a fresh issue of shares worth ₹550 crore and an Offer-For-Sale (OFS) of 2.16 crore shares by existing shareholders. BlackBuck founders Rajesh Yabaji, Chanakya Hridaya and Ramasubramanian Balasubramaniam will divest some of their stake through the OFS.
https://yourstory.com/2024/07/trucking-startup-blackbuck-ipo-sebi-550-crore?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts
YourStory
https://nis-gs.pix.in/in…5420779_732.jpg?
https://shrts.in/ATB6d
2024-07-08T08:46:35.000Z
600
business, FINANCE, startup
business, FINANCE
Founded in 2015, it turned unicorn in 2021
Accel to also divest some stake in BlackBuck
Pragya Swastik
Why are Railway stocks skyrocketing today?
Ircon International, Indian Railway Finance Corporation and IRCTC witnessed strong buying on Monday. Rail Vikas Nigam Limited share price touched a new peak after rising over 12%. Market experts attributed the gains to Railways' plans for 2,500 new general passenger train coaches, an additional 10,000 coaches, another 50 Amrit Bharat trains and expectations for Railways in the upcoming Budget.
https://www.hindustantimes.com/business/railway-stocks-post-major-gains-today-why-are-irctc-rvnl-ircon-irfc-soaring-101720419983934-amp.html?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts
Hindustan Times
https://nis-gs.pix.in/in…4455807_248.jpg?
https://shrts.in/hqan9
2024-07-08T08:42:11.000Z
800
EXPLAINERS, business, FINANCE
business, FINANCE
RailTel, Texmaco Rail shares gained
Rail stocks rose despite weakness in markets
System User
BlueStone to raise $100 mn led by Prosus
Dutch investment group Prosus is actively considering leading a round of $100 million (₹830 crore) in omnichannel jewellery company BlueStone, two people briefed on the matter told The Arc. Others entering this deal, a mix of primary and secondary share sales, include VC firms Peak XV Partners, Steadview Capital and Think Investments.
https://thearcweb.com/article/prosus-leading-bluestones-100mn-round-peakxv-ipo-bXLNmbxfp5zPqeb9?utm_source=inshorts&utm_medium=referral&utm_campaign=fullarticle
The Arc Web
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https://shrts.in/wUSKR
2024-07-08T08:19:44.000Z
800
business, startup, technology
null
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Read exclusive details
System User
KPI Green signs agreement for solar and wind hybrid power project
KPI Green Energy Limited, part of KP Group which develops and maintains solar renewable power saw its shares surge 4.5% to an intraday high of ₹1,863.65 after signing a Power Purchase Agreement with Gujarat Urja Vikas Nigam Limited for a 50MW solar and 16.80MW wind hybrid power project.
https://tradebrains.in/features/green-energy-stock-jumps-4-5-after-it-signs-agreement-for-solar-and-wind-hybrid-power-project/?utm_source=inshorts&utm_medium=referral&utm_campaign=fullarticle
Trade Brains
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https://shrts.in/rjS9y
2024-07-08T08:18:10.000Z
800
business
null
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System User
Nikhil Kamath has invested ₹400 crore in a liquor giant
Nikhil Kamath, co-founder of Zerodha has invested in several companies. On his WTF podcast, the 37-year-old recently revealed that he has made a massive investment in a liquor company. It is none other than Lalit Khaitan's Radico Khaitan which makes Magic Moments vodka, 8 PM Whisky, Old Admiral brandy and Rampur single malt among others.
https://www.indiatimes.com/worth/news/zerodhas-nikhil-kamath-reveals-he-has-invested-rs-400-crore-in-a-rs-22949-liquor-giant-637679.html?utm_source=inshorts&utm_medium=referral&utm_campaign=fullarticle
Indiatimes
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https://shrts.in/JQ689
2024-07-08T08:13:36.000Z
800
business, FINANCE
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System User
Quant Mutual Fund sold shares in HEG worth ₹420 crore
In two separate bulk deals on Friday, Quant Mutual Fund offloaded 9.5 lakh shares in HEG on BSE, and sold around 9.12 lakh shares on NSE, at an average price of ₹2,260, bringing the total deal value to ₹420.86 crore. Despite this significant sell-off, HEG Limited's share price rose 1.13% to ₹2,289.9.
https://tradebrains.in/features/smallcap-stock-falls-after-quant-mutual-fund-sold-shares-in-the-company-worth-420-cr/?utm_source=inshorts&utm_medium=referral&utm_campaign=fullarticle
Trade Brains
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https://shrts.in/3ZNfN
2024-07-08T07:47:57.000Z
800
business
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System User
NLC emerged as successful bidder for Machhakata coal in Odisha
NLC India Limited engaged in the mining of coal and lignite and generation of Power, jumped 5% in the day’s trade upon emerging as the successful bidder for Machhakata Coal Mine in Angul district of Odisha, with a total coal reserve of 1377 million tonnes and a peak rated capacity of 30 million tonnes per annum.
https://tradebrains.in/features/midcap-stock-jumps-5-after-it-emerged-as-successful-bidder-for-machhakata-coal-in-odisha/?utm_source=inshorts&utm_medium=referral&utm_campaign=fullarticle
Trade Brains
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https://shrts.in/7iUiT
2024-07-08T07:42:24.000Z
800
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System User
Engineer builds ₹1.5 cr pineapple business in Tripura
A holiday trip to Tripura led Adwait Kulkarni to set up a food processing plant in Kumarghat, the state's highest pineapple producer. His Nunsei Fruits & Vegetables Products Industry sells processed pineapples in many states, providing assured livelihood to local farmers and underprivileged women. The business clocked ₹1.5 crore in revenues in FY24 and is targeting ₹3 crore this fiscal.
https://30stades.com/enterprise/how-kolhapur-engineer-built-a-rs-2-crore-pineapple-corn-processing-business-in-tripura-5549140?utm_source=inshorts&utm_medium=referral&utm_campaign=fullarticle
30 Stades
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https://shrts.in/kDV2U
2024-07-08T06:34:25.000Z
800
miscellaneous, business
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System User
Adani Green to invest $9 bn at Guj facility, adding 10,000 jobs
The Adani Group plans to invest $9 billion in a green hydrogen venture in Kachchh, Gujarat, creating 7,500 to 10,000 jobs. They aim to produce one million tonnes of green hydrogen annually for export to Europe and Asia. Additionally, Adani Green Energy will invest ₹1.5 lakh crore to boost capacity to 30 gigawatts, enhancing Mundra Port's significance.
https://startuppedia.in/trending/trending/adani-green-to-invest-9-bn-at-guj-facility-adding-upto-10000-jobs-5549447?utm_source=inshorts&utm_medium=referral&utm_campaign=fullarticle
Startup Pedia
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https://shrts.in/ishRZ
2024-07-08T05:59:36.000Z
800
business, startup
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System User
Maruti Suzuki dispatches 2 mn vehicles through railways
India's largest carmaker Maruti Suzuki India has achieved a milestone of 2 million vehicle dispatches using railways, marking a significant step towards green logistics. From 65,700 units in FY15 to 447,750 units in FY 2023-24, Maruti Suzuki has scaled its railway dispatches. This eco-friendly initiative has reduced 10,000 metric tonnes of CO2 emissions and saved 270 million litres of fuel.
https://www.logisticsandscm.com/railways/maruti-suzuki-dispatches-2-mn-vehicles-through-railways?utm_source=inshorts&utm_medium=referral&utm_campaign=fullarticle
Logistics And Scm
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https://shrts.in/pKNTE
2024-07-08T07:22:52.000Z
800
automobile, business, national
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Debaroti Adhikary
Major fire erupts at Pak Stock Exchange, trading halted: Report
A massive fire broke out on the 4th floor of the Pakistan Stock Exchange (PSX) building in Karachi on Monday, local media reported. Trading was temporarily suspended as fire brigade vehicles work to extinguish the flames, the reports added. No loss of life or injury has so far been reported as all traders were safely rescued.
https://www.hindustantimes.com/business/karachi-stock-exchange-trading-suspended-due-to-fire-in-the-building-report-101720416733210-amp.html?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts
Hindustan Times
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https://shrts.in/5u8F5
2024-07-08T06:43:34.000Z
600
world, business
world, business
Pak is Asia's best-performing market this year
It has surged 27% in dollar terms
Debaroti Adhikary
PC Jeweller shares jump 10% as PNB approves due settlement offer
Shares of PC Jeweller rose 10% to hit the upper circuit on Monday after Punjab National Bank (PNB) approved the jewellery retailer's One Time Settlement (OTS) proposal for outstanding dues. PNB, which is one of the principal lenders backing PC Jeweller, agreed to the OTS which includes payment in cash, equity shares, release of securities and mortgaged properties and more.
https://www.moneycontrol.com/news/business/markets/pc-jeweller-stock-locked-in-10-upper-circuit-after-pnb-greenlights-one-time-settlement-proposal-12764145.html/amp?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts
Moneycontrol
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https://shrts.in/wwsgK
2024-07-08T06:42:17.000Z
600
business, FINANCE
business, FINANCE
PC Jeweller shares were locked at ₹56.19
They had closed at ₹51.09 on Friday
Pragya Swastik
Kotak flags 'overvalued' stocks
Kotak Institutional Equities' latest report highlighted companies with inflated market caps despite lacking profit margin opportunities, saying their market cap does not match their best-case profit projections. Kotak cited examples of BHEL, Cochin Shipyard, Eicher Motors, Hero MotoCorp, and TVS Motor. Kotak also found many PSU stocks overvalued compared to their fundamentals.
https://www.moneycontrol.com/news/business/earnings/eicher-bhel-and-more-kotak-flags-overvalued-stocks-amid-profitability-concerns-unrealistic-growth-expectations-12764160.html/amp?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts
Moneycontrol
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https://shrts.in/f7Pft
2024-07-08T06:16:26.000Z
800
business, FINANCE
business, FINANCE
'BHEL stock added ₹77,800 crore m-cap last year'
It far exceeds the industry's profit pool: Kotak
Debaroti Adhikary
Man Industries shares hit record high over ₹1,850-cr foreign order
Shares of Man Industries rose nearly 11% to hit a 52-week-high of ₹513 on Monday after it received its highest single order worth ₹1,850 crore from an international oil and gas company. As part of the deal, the company will supply high value-added line pipes for a mega offshore oil and gas project, the company announced in an exchange filing.
https://www.ndtvprofit.com/business/man-industries-wins-rs-1850-crore-international-order?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts
NDTV Profit
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https://shrts.in/mwRrR
2024-07-08T06:13:34.000Z
600
business, FINANCE
business, FINANCE
Man Industries shares closed at ₹463.45 on Fri
They opened at ₹502 on Monday
Debaroti Adhikary
Titan shares fall 4% as JPMorgan downgrades stock after Q1 results
Shares of Titan Company fell over 4% on Monday as JPMorgan downgraded the stock from 'overweight' to 'neutral' after the Tata group company shared its April-June quarter (Q1) business update. JPMorgan also cut its target price on Titan to ₹3,450 from ₹3,850 earlier. Titan's jewellery business recorded 9% revenue growth in Q1, which fell below JPMorgan's expectations.
https://www.moneycontrol.com/news/business/markets/titan-stock-slumps-4-after-jpmorgan-downgrade-following-weak-q1-biz-update-12764147.html/amp?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts
Moneycontrol
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https://shrts.in/Lhw1k
2024-07-08T05:41:42.000Z
600
business, FINANCE
business, FINANCE
Titan shares opened at ₹3,228 on Monday
It hit an intra-day low of ₹3,128
Debaroti Adhikary
Boeing to plead guilty to criminal charges over 737 MAX crashes
Boeing has agreed to plead guilty to a criminal fraud conspiracy charge linked to two 737 MAX crashes that killed 346 people in 2018 and 2019. This comes after US federal prosecutors gave Boeing the choice of entering a guilty plea and paying a fine as part of its sentence or facing a trial on the criminal charge of conspiracy.
https://www.hindustantimes.com/business/boeing-accepts-plea-deal-to-avoid-criminal-trial-over-737-max-crashes-101720412548453-amp.html?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts
Hindustan Times
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https://shrts.in/jwjHQ
2024-07-08T05:12:25.000Z
600
business
business
Boeing to pay a criminal fine of ₹2,033 crore
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System User
Boeing pleads guilty to fraud charge over 737 Max crashes
Boeing has agreed to plead guilty to criminal fraud conspiracy charge and pay a $243.6 million fine after violating a reform deal following two fatal 737 Max crashes that killed 346 people. The plea allows Boeing to avoid a criminal trial, drawing criticism from victims' families who seek greater accountability. The crashes led to global grounding of the 737 Max.
https://www.breezyscroll.com/world/boeing-pleads-guilty-to-criminal-fraud-charge-and-will-pay-243-6-million-in-controversial-deal/?utm_source=inshorts&utm_medium=referral&utm_campaign=fullarticle
BreezyScroll
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https://shrts.in/WhvQm
2024-07-08T05:08:45.000Z
800
business
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System User
Rupee boosted by Fed rate cut hopes, Yuan weakness may cap gains
The Indian rupee is set to rise slightly on Monday, buoyed by increasing expectations of a US Federal Reserve rate cut in September. However, a weak Chinese yuan may limit its gains. Non-deliverable forwards suggest the rupee will open flat or marginally higher against the US dollar, compared to 83.4850 in the previous session.
https://investmentguruindia.com/newsdetail/rupee-aided-by-growing-fed-rate-cut-hopes-yuan-slip-may-limit-gains575205?utm_source=inshorts&utm_medium=referral&utm_campaign=fullarticle
Investment Guru India
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https://shrts.in/awQey
2024-07-08T04:36:30.000Z
800
business
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System User
Oil little changed as investors eye impact of storm Beryl on Texas
Oil prices were little changed as investors eyed energy supply disruption, with the largest ports in Texas shut before Tropical Storm Beryl likely strengthens into a hurricane and makes landfall on Monday. Brent crude futures inched up 11 cents, or 0.1%, to $86.65 a barrel as at 00:42 GMT after closing down 89 cents on Friday.
https://investmentguruindia.com/newsdetail/oil-little-changed-as-investors-eye-impact-of-storm-beryl-on-texas721786?utm_source=inshorts&utm_medium=referral&utm_campaign=fullarticle
Investment Guru India
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https://shrts.in/AY1AN
2024-07-08T03:57:43.000Z
800
business
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Pragya Swastik
Japan's base salaries jump most in 31 years
Japan's average base pay climbed 2.5% in May from a year ago, the fastest pace in 31 years. This comes as bumper pay hikes offered by companies in annual wage negotiations took effect, while part-time workers notched up some particularly strong gains. However, inflation-adjusted real wages fell for a record 26th straight month amid weakening yen and higher commodity prices.
https://www.reuters.com/world/japan/japan-real-wages-fall-record-26th-straight-month-inflation-bites-2024-07-07/?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts
Reuters
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https://shrts.in/3Q96M
2024-07-08T04:23:22.000Z
800
world, business, FINANCE
world, business, FINANCE
'Real wages will likely start rising in July'
Economist Yoshimasa Maruyama of SMBC Nikko said
Pragya Swastik
Biggest strike in Samsung's history begins in South Korea
Over 6,500 Samsung Electronics workers in South Korea walked off the job on Monday on a three-day strike demanding better pay. It's the biggest organised labour action in the company's history. The National Samsung Electronics Union (NSEU), whose members make up about 24% of Samsung's South Korean workforce, also wants an extra day of annual leave for unionised workers.
https://www.cnbctv18.com/world/samsung-union-steps-up-pressure-over-pay-with-three-day-strike-19439493.htm/amp?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts
CNBC-TV18
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https://shrts.in/eEYtM
2024-07-08T03:59:43.000Z
1,000
business, technology
business, technology
Samsung workers gathered amid rain for strike
They wore red headbands saying 'total strike'
System User
Asia shares firm, euro dogged by French political deadlock
Asian stocks gained as investors anticipated a U.S. rate cut in September. Meanwhile, French elections introduced political uncertainty as a leftist alliance unexpectedly outperformed the far right, complicating Marine Le Pen's National Rally's chances of forming a government. Markets also have 53 basis points of easing priced in for this year, up from around 40 basis points a month ago.
https://investmentguruindia.com/newsdetail/asia-shares-firm-euro-dogged-by-french-political-deadlock581719?utm_source=inshorts&utm_medium=referral&utm_campaign=fullarticle
Investment Guru India
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https://shrts.in/bBw1N
2024-07-08T03:44:00.000Z
800
business
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System User
Gold lingers near one-month high on Fed rate-cut bets
Gold prices eased on Monday but hovered near a more than one-month high scaled in the previous session, after softer US data boosted expectations of an interest rate cut by the Federal Reserve in September. Spot gold was down 0.2% at $2,385.88 per ounce, as of 02:35 GMT, after rising to its highest level since May 22 on Friday.
https://investmentguruindia.com/newsdetail/gold-lingers-near-one-month-high-on-fed-rate-cut-bets348590?utm_source=inshorts&utm_medium=referral&utm_campaign=fullarticle
Investment Guru India
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https://shrts.in/6n2oW
2024-07-08T03:32:39.000Z
800
business
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Bhawana Chaudhary
Hyundai's sales in India hit record ahead of $3-billion IPO
Hyundai Motor saw its sales hit a record in India in first half of 2024, ahead of its planned IPO worth around $3 billion for India unit. As per the Federation of Automobile Dealers Associations (FADA) data, Hyundai sold 2,72,207 units in India from January to June, up 2% year-on-year, marking the largest first-half sales figure for Hyundai in India.
https://www.freepressjournal.in/amp/business/hyundai-motors-sales-in-india-hit-record-ahead-of-planned-3-billion-ipo?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts
Free Press Journal
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https://shrts.in/h8f17
2024-07-07T16:09:32.000Z
600
automobile, business
business, automobile
It filed papers for India's biggest IPO in June
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Bhawana Chaudhary
8 of top-10 most-valued firms add ₹1.83 lakh cr to m-cap in 1 week
The combined market capitalisation of eight of the top-10 most valued firms rose by ₹1.83 lakh crore in the last one week, with TCS' m-cap rising the most by ₹38,894.44 crore. It was followed by Infosys (₹33,320.03-crore rise in m-cap) and Reliance Industries (₹32,611.36-crore rise). HDFC Bank and Bharti Airtel were the two firms whose m-caps fell last week.
https://www.ndtvprofit.com/markets/eight-of-indias-top-10-most-valued-firms-add-183-lakh-crore-led-by-tcs-infosys?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts
NDTV Profit
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https://shrts.in/eyrR1
2024-07-07T15:49:17.000Z
600
business
business
M-cap of ICICI Bank, LIC and HUL rose
ITC and SBI's m-caps too rose last week
Bhawana Chaudhary
Maha govt to pay entire ₹1,700-crore debt of Metro One: Report
Maharashtra government directed MMRDA to pay the entire debt worth ₹1,700 crore of Reliance Infrastructure-owned Mumbai Metro One, as per reports. MMRDA will recover the costs directly from Metro One's operations and the one-time settlement plan will eliminate MMRDA's need to acquire the metro network. The plan will also allow Metro One to avoid paying interest to its six lenders.
https://www.etnownews.com/companies/mumbai-metro-1-big-update-on-anil-ambani-led-reliance-infras-rs-1700-crore-debt-article-111555905/amp?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts
ET NOW
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https://shrts.in/dWP8Z
2024-07-07T15:28:43.000Z
600
business
business
Metro One paid ₹225 crore interest to lenders
It paid amount between April 2023 & June 2024
Bhawana Chaudhary
PLI for drones a kickstarter, not permanent subsidy scheme: Goyal
Union Minister Piyush Goyal said Production Linked Incentive (PLI) Scheme for drones and drone components is a kickstarter for the sector to progress and shouldn't be considered as a permanent subsidy scheme. ""The development of drone ecosystem and deploying them in villages...aligns with the PM's 'NAMO Drone Didi' initiative that will help empower women in the agriculture sector,"" he added.
https://www.hindustantimes.com/business/pli-scheme-for-drones-only-to-kickstart-industry-not-permanent-subsidy-piyush-goyal-101720277678358-amp.html?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts
Hindustan Times
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https://shrts.in/KZLUR
2024-07-07T14:51:07.000Z
600
business
business
'It'll help combat erratic weather patterns'
Goyal on technological growth in drone sector
Nakul Ahuja
16 injured after explosion at UltraTech Cement factory in Andhra
Around 16 workers were injured following a blast at UltraTech Cement factory in Andhra Pradesh's NTR district on Sunday. Several people gathered at the spot following the explosion, a video showed. All the injured workers were taken to a hospital for treatment. The reason behind the explosion is currently unknown.
https://www.latestly.com/socially/india/news/andhra-pradesh-factory-blast-video-16-injured-after-explosion-at-ultratech-cement-factory-in-ntr-district-6092913.html/amp?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts
LatestLY
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https://shrts.in/KuwMV
2024-07-07T13:59:16.000Z
800
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Debaroti Adhikary
See what happened to Asian Tigers, macro stability is must: Sanyal
Sanjeev Sanyal, a member of PM's Economic Advisory Council, said macroeconomic stability is extremely important. ""Do remember what happened to the Asian Tigers of 1990s. They too for some years managed to keep very high growth rates. And then their financial systems blew up,"" he said. Asian Tigers refer to the countries of Hong Kong, Singapore, South Korea and Taiwan.
https://www.youtube.com/watch?t=201s&utm_campaign=fullarticle&v=0epN-eaeR9A&utm_medium=referral&utm_source=inshorts
YouTube
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https://shrts.in/WMScA
2024-07-07T13:36:19.000Z
600
business
business
'Never ever endanger macroeconomic stability'
Sanyal added at the India Global Forum
System User
Logistics unicorn Blackbuck files for IPO
Digital trucking platform BlackBuck has filed for an IPO to raise ₹550 crore in primary capital, along with an offer for sale by existing investors. Last valued at $1 billion in 2021, the company has raised $359 million in venture capital and growth funding, according to Tracxn.
https://thearcweb.com/article/blackbuck-ipo-flipkart-accel-rajesh-yabaji-CuYD0T0bN0iG4eab?utm_source=inshorts&utm_medium=referral&utm_campaign=fullarticle
The Arc Web
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https://shrts.in/N48k6
2024-07-07T12:52:16.000Z
800
business, FINANCE, startup, technology
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System User
South Korea hits record $37bn in car exports in H1 2024
South Korea's car exports are estimated to have reached a record $37 billion for the first half of the year, according to industry data on Sunday. South Korea's car exports rose 3.8% year-on-year to $37.01 billion in H1 2024, the highest first-half total ever, per industry ministry and KITA data.
https://investmentguruindia.com/newsdetail/south-korea-clocks-record-37-bn-in-car-exports-in-first-half-of-2024197579?utm_source=inshorts&utm_medium=referral&utm_campaign=fullarticle
Investment Guru India
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https://shrts.in/y7P7u
2024-07-07T11:55:54.000Z
800
automobile, business
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System User
Govt urges auto firms to liberalise repair services for consumers
The Department of Consumer Affairs has urged automakers to make repair manuals and videos accessible, promoting third-party repair services and protecting consumer rights. Secretary Nidhi Khare discussed with Automobile Associations to onboard auto companies onto the Right to Repair Portal India, according to an official statement.
https://investmentguruindia.com/newsdetail/government-tells-auto-firms-to-liberalise-repair-services-for-consumers-benefit364366?utm_source=inshorts&utm_medium=referral&utm_campaign=fullarticle
Investment Guru India
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https://shrts.in/Kc8DZ
2024-07-07T11:44:58.000Z
800
business
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Govt to increase Ayushman Bharat beneficiaries, insurance amount
The government is actively considering doubling the beneficiary base under its flagship Ayushman Bharat health insurance scheme over the next three years, with all those aged above 70 years to be brought under its ambit, to begin with, and also increase the insurance coverage to ₹10 lakh per year.
https://www.news18.com/business/budget-2024-govt-mulls-doubling-ayushman-bharat-beneficiaries-insurance-amount-8957595.html?utm_source=inshorts&utm_medium=referral&utm_campaign=fullarticle
News18.com
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https://shrts.in/J6bmp
2024-07-07T11:25:26.000Z
800
business
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Debaroti Adhikary
Britain prioritising jobs in Tata Steel talks: Minister Reynolds
UK's newly elected government is trying to prevent job losses at Tata Steel as it is in talks with the company over the government backing of its transition to lower-carbon technologies, Business Minister Jonathan Reynolds said on Sunday. This comes after Tata Steel closed down one of its two blast furnaces at Port Talbot in South Wales on Thursday.
https://www.reuters.com/world/uk/britain-prioritising-jobs-tata-steel-talks-minister-2024-07-07/?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts
Reuters
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https://shrts.in/8ErnU
2024-07-07T10:51:21.000Z
600
business
entertainment, business
Tata Steel is the largest steelmaker in the UK
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Pragya Swastik
Who did FM Nirmala Sitharaman consult for the upcoming Budget?
Finance Minister Nirmala Sitharaman held pre-Budget consultations with over 120 invitees across 10 stakeholder groups. These included experts & leaders from farmer associations; trade unions; education & health sector; employment & skilling; MSME; capital markets; infra; and state finance ministers. MoS Finance Pankaj Chaudhary, Finance Secretary TV Somanathan & others also attended meetings.
https://repository.inshorts.com/articles/en/PTI/820e56a8-85e4-44b1-bd17-f5e36794655d?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts
PTI
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https://shrts.in/Jgt9D
2024-07-07T10:03:56.000Z
800
EXPLAINERS, business, national
national, business
Pre-Budget meetings held from June 19-July 5
Union Budget 2024-25 to be presented on July 23
Debaroti Adhikary
Housing prices in Delhi-NCR, Mumbai rose 50% in last 5yrs: Anarock
Housing prices in Delhi-NCR and Mumbai Metropolitan Region (MMR) have risen nearly 50% in last five years, according to real estate consultant Anarock. Average rate of residential properties in Delhi-NCR rose 49% from ₹4,565 per square foot in January-June 2019 to ₹6,800 per square foot in January-June 2024. In MMR, it rose 48% to ₹15,650 per square foot in 2024.
https://www.moneycontrol.com/news/business/real-estate/avg-housing-prices-appreciate-nearly-50-in-delhi-ncr-mumbai-region-over-past-5-years-anarock-12763864.html/amp?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts
Moneycontrol
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https://shrts.in/SQvrw
2024-07-07T09:50:45.000Z
600
business
business
'Price rise caused by rise in demand, costs'
Anarock said
Pragya Swastik
Hindenburg shared Adani report with client 2 months before publishing: SEBI
Hindenburg shared an advance copy of its report against Adani Group with New York-based hedge fund manager Mark Kingdon about two months before publishing it, SEBI said. SEBI's show-cause notice to Hindenburg included chats between an employee of the hedge fund and Kotak Mahindra Investments Limited (KMIL) traders. KMIL's fund placed bets on Adani for its client Kingdon Capital Management.
https://www.moneycontrol.com/news/business/hindenburg-shared-adani-report-with-client-two-months-before-publishing-it-sebi-12763825.html/amp?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts
Moneycontrol
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https://shrts.in/bbhyk
2024-07-07T08:52:53.000Z
800
business
business
'Hindenburg has never been a client of the firm'
KMIL said
Debaroti Adhikary
Crony capitalism: Congress on Airtel, Jio, Vi's tariff hike
Reacting to Airtel, Reliance Jio and Vodafone Idea (Vi) increasing prices of their prepaid and postpaid plans, Congress leader Randeep Surjewala said the old ""crony capitalism"" continues under Modi 3.0. Congress said, ""How can private cellphone companies holding 92% market share be permitted to unilaterally increase cellphone tariffs...without any oversight or regulation by the Modi government?""
https://indianexpress.com/article/india/congress-slams-govt-mobile-tariff-hike-leading-firms-9435247/lite/?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts
The Indian Express
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https://shrts.in/LWJAs
2024-07-07T07:08:10.000Z
600
business, national
business, national
Airtel, Vi hiked prices by up to 21%, Jio by 25%
India's phone market is an oligopoly: Congress
Dharini Mudgal
13 allowances of central govt employees to increase by 25%
EPFO has released a circular stating the payments of the 13 allowances to the central government employees will be made at enhanced rates of 25% over the existing rates with effect from 1st January 2024. This comes after the Dearness Allowance for central government employees hiked by 4% to 50%. Notably, the 13 allowances include House Rent and Conveyance allowances.
https://www.timesnownews.com/business-economy/personal-finance/central-government-employees-to-receive-benefits-with-50-da-and-25-allowance-increases-details-article-111538638/amp?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts
Times Now
https://nis-gs.pix.in/in…9226215_472.jpg?
https://shrts.in/jtXa1
2024-07-07T05:52:57.000Z
600
business, FINANCE, national
FINANCE, business, national
Dress & split duty allowances are also included
Tap to see the full list
Debaroti Adhikary
Hope Budget supports digitisation, startups: Paytm CEO Sharma
Speaking on the upcoming Union Budget, Paytm CEO Vijay Shekhar Sharma said he hopes it supports digitisation and startups. ""Many small businessmen and small entrepreneurs of our country have promoted digitisation from their side, so I want the government to support them, give them some incentives or in a way bring some advantages for them,"" he said.
https://x.com/ANI/status/1809543815814083048?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts
ANI News
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https://shrts.in/4qYjN
2024-07-07T05:34:11.000Z
600
business, startup
business
I hope govt promotes ONDC further: Sharma
FM Sitharaman to present Budget on July 23
Roshan Gupta
This summer, listen to audiobooks for a better you: Audible
Audible invites you to beat the heat, this summer, by staying indoors with its vast collection of audiobooks and podcasts to keep you company. Voiced by renowned authors and celebrities, Audible allows listeners to indulge in fiction, expert self-development, ancient Indian wisdom, and more. As a special summer treat, you can now unlock a 2-month free trial, the company said.
https://www.audible.in/ep/summer?&source_code=AUDALC44305132400KX
Audible
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https://shrts.in/4MPiH
2024-07-07T05:30:44.000Z
1,000
business
null
Start your listening journey now: Audible
Tap to unlock power of listening with Audible
Dharini Mudgal
Paytm is like a daughter to me who met with an accident: CEO
Paytm CEO Vijay Shekhar Sharma spoke about RBI's action on Paytm Payments Bank. He said, ""Paytm for me is like a daughter...I saw it as a daughter on the way for...important entrance test, but met with an accident, and is in ICU right now."" Sharma acknowledged the company could've done better, saying, ""We learnt a lesson, and we're much better.""
https://www.ptinews.com/story/business/we-should-have-done-better-no-secrets-about-it-says-paytm-founder-vijay-shekhar-sharma/1637648?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts
PTI
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2024-07-07T04:56:41.000Z
600
business, startup, national
business, national, startup
RBI has put curbs on Paytm Payments Bank
It barred it from accepting deposits or top-ups
Pragya Swastik
Burberry to cut hundreds of jobs
Luxury British clothing brand Burberry is preparing to cut hundreds of jobs, mostly in the UK, The Telegraph reported. Employees were reportedly informed during a Zoom meeting in late June and those affected were told they were facing redundancy or having to reapply for their roles. Employees fear as many as 400 jobs could be at risk.
https://www.ndtvprofit.com/business/why-is-uk-fashion-house-burberry-preparing-to-cut-jobs?src=tl_story&utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts
NDTV Profit
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https://shrts.in/jK2N1
2024-07-07T04:50:17.000Z
800
business, fashion
business, fashion
Burberry began 45-day consultation with staff
The company slashed 500 positions in 2020
Dharini Mudgal
RBI cancels licence of Banaras Merchantile Co-operative Bank
RBI has canceled the licence of ""Banaras Merchantile Co-operative Bank Limited, Varanasi"" over its deteriorating financial condition. The bank has been ceased to carry on banking business like accepting/repaying deposits, with effect from July 4, 2024. Upon liquidation, each depositor would be eligible to receive a deposit insurance claim amount for their deposits, up to a limit of ₹5 lakh.
https://www.etnownews.com/personal-finance/rbi-cancels-licence-of-this-bank-depositors-to-lose-money-article-111534877?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts
ET NOW
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2024-07-07T04:45:57.000Z
600
business, FINANCE, national
national, business, FINANCE
'The bank does not have adequate capital'
The RBI said