'AI' washing machine to smart TV: Premium carts drive festive sales
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Government banks on homegrown cos to push EVs
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Investments in sectors under PLI schemes expected to hit Rs 2 lakh crore in coming years
The production linked incentive (PLI) schemes have garnered investments of Rs 1.46 lakh crore till August, with projections to reach Rs 2 lakh crore soon. This initiative has boosted production, sales, and employment in key sectors such as electronics and pharmaceuticals. Commerce Minister Piyush Goyal held discussions with industry leaders for further enhancements. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/TmARcbg >
Market capitalization of 8 of top-10 most valued companies soars Rs 1.21 lakh crore
Eight of the top-10 most valued companies saw a combined market valuation increase of Rs 1,21,270.83 crore last week, driven primarily by Reliance Industries. This surge paralleled a significant rally in benchmark equity indices. In contrast, ICICI Bank and Hindustan Unilever faced declines in their market valuations. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/yHJcGdb >
L&T Semicon expects its chip production to start in 2 years; to set up unit later
L&T Semiconductor Technologies plans to manufacture its designed semiconductor products within two years, aiming to establish chip manufacturing plants after reaching a revenue threshold of USD 50 million to USD 1 billion. Currently, they are forming teams for about 15 different products and have signed an agreement with IBM for advanced processor design. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/01zpN57 >
FPI inflows peak at 9-month high of Rs 57,359 cr in September, crosses Rs 1 lakh cr
Indian equities attracted Rs 57,359 crore from foreign investors in September, the highest in nine months. The surge is largely due to the US Federal Reserve's rate cut. Experts predict sustained strong FPI inflows, supported by global interest rate easing and India's robust economic fundamentals. Key decisions by the RBI will be crucial for maintaining this momentum. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/ZOkUXqr >
Front-running: Angel settles case with Sebi
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New age tech IPOs rake in Rs 15,000 crore, best year since 2021
New-age tech IPOs are benefiting from bullish stock market sentiments after a three-year lull. This year has seen nearly Rs 15,000 crore raised through IPOs, the best since 2021. Six startups including Ola Electric and FirstCry have gone public, raising a combined Rs 14,571 crore. A slew of startups like Zepto and PhysicsWallah are eyeing market debut in the coming year. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/LUSH3Q9 >
Minimum wages for unorganised sector to rise as variable DA up
The Centre has raised minimum wage rates for unorganised sector workers through a revision of the variable dearness allowance. Effective from Oct 1, these new rates are categorised by skill levels and geographical areas. This move is intended to help workers cope with increasing living costs. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/4lMXPqp >
Ministerial panel looks to rework GST rates on over 100 items
The ministerial panel on GST rationalisation has discussed proposals for adjusting rates on over 100 items and merging the 12% and 18% slabs. The fitment committee will analyse the impact, potentially reducing rates for common goods and increasing them for luxury items. Further discussions are scheduled in Delhi later this month. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/6dzbePc >
Sebi set to tighten F&O rules to rein in speculative trading
Sebi will address the retail speculation in futures and options trading during its board meeting on September 30 while considering stricter rules and margining systems. Additionally, the board might approve a new hybrid investment product for wealthy investors and specific regulations for passive-only fund houses, following extensive feedback on proposed changes. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/JNUTm7V >
Minors with mansions: Now, wealthy Indian 'kids' own foreign properties
Indians are consistently purchasing high-value properties abroad, with minors now joining in through the RBI's Liberalised Remittance Scheme using parental gifts. Dubai is a favored destination. Accurate disclosure of these assets is crucial to avoid penalties under the Black Money Act. Guardians managing minors' assets must ensure proper reporting in tax returns. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/oHtLEhN >
BP raises India bet with board visit amid ONGC, Cairn search for suitors
BP plc is amplifying its commitment to India by hosting its full board meeting in the country. This visit aligns with Indian firms seeking partnerships for offshore projects. BP's technical expertise and ongoing ventures, including a stake in Reliance's KG-D6 block, make it an ideal partner for these initiatives. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/GvugbFt >
Zaggle acquires 26% stake in Mobileware to boost its digital payment capabilities
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Sebi nod: Hyundai's Rs 25k cr IPO & Swiggy's Rs 12,000cr
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Sensex nears 85k on desi fund flow
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Over 9 in 10 F&O retail traders lose money: Sebi
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Travel leads foreign spends to 10 month high in July
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Assets under ARCs shrink in Q1 as bad loan nos drop
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Netflix under scrutiny in India over visa, tax, and racial discrimination accusations
India is investigating Netflix for alleged visa violations, tax evasion, and racial discrimination in its local operations. The investigation follows a government email to former Netflix executive Nandini Mehta, who is also pursuing a lawsuit against the company in the US for wrongful termination and discrimination. Netflix denies all allegations. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/zUEHuCX >
Adani Airport Holdings expands lounge access with debit, credit cards amid Dreamfolks suspension
Travelers at several Indian airports are facing lounge access disruptions as Dreamfolks Services Ltd has abruptly suspended its services. Adani Airport Holdings Ltd is working with banks to restore these services quickly. Meanwhile, lounges at Adani-operated airports are accepting major debit and credit cards from other providers. AAHL manages seven airports, soon adding Navi Mumbai International Airport. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/iZp4VuR >
Vodafone Idea signs Rs 30,000 crore deal with Nokia, Ericsson & Samsung for 4G, 5G equipment
Vodafone Idea has awarded contracts worth Rs 30,000 crore to Nokia, Ericsson, and Samsung for network equipment over the next three years. This move is part of a larger Rs 55,000 crore capital expenditure plan aimed at expanding 4G coverage and enhancing capacity. The company seeks to improve customer experience and support data growth. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/oA6l182 >
No immediate legal view on SC's telecom AGR call: Govt
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IT cos returning to campuses after gap year
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The wait for fuel price cut gets longer on volatile oil
Indian fuel retailers are holding off on reducing petrol and diesel prices despite cheaper crude oil, citing market volatility. They prefer stable conditions before making any changes. Recently, oil prices fluctuated between $70 and $75 per barrel due to global economic factors and US interest rate cuts, impacting pricing decisions. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/oOSyMkj >
Analog Devices, Tata Group signs pact to make semiconductors in India
Analog Devices has entered into an agreement with Tata Group for the production of semiconductor products in India. Tata Electronics plans to invest $14 billion to establish a semiconductor fabrication plant in Gujarat and a chip-assembly and testing facility in Assam. The collaboration includes using ADI's products in Tata Motors' electric vehicles and Tejas Networks' telecom infrastructure. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/sHltKgc >
Wall Street holds near records after Fed delivers a big cut to rates
Wall Street hovers near record highs as the Federal Reserve initiates a significant interest rate cut to stave off a recession. The S&P 500 remains nearly unchanged, with slight movements in the Dow Jones and Nasdaq. The Fed aims to support the slowing economy and job market while carefully managing inflation risks. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/I68camT >
Michelle Bowman's dissent is first from Fed Governor since 2005
Federal Reserve Governor Michelle Bowman dissented on an interest-rate decision for the first time since 2005, opposing a 50 basis point cut in favor of a quarter-point reduction. Her stance reflects concerns about easing too quickly and highlights ongoing internal debates within the Fed over monetary policy amidst economic challenges. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/UfaSebs >
US Federal Reserve cuts interest rates by 50 bps in key FOMC meet chaired by Jerome Powell
US Federal Reserve Meeting: The US Federal Reserve has cut interest rates by 50 basis points, the first reduction in over four years, aiming to reverse restrictive economic conditions. Policymakers expect further rate cuts, targeting a range of 4.25%-4.50% by year-end as inflation nears the 2% goal and unemployment rises. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2gF1aQn >
Subhadra first govt scheme to offer digital rupee payment
Subhadra Yojana in Odisha provides women with Rs 10,000 annually in Central Bank Digital Currency (CBDC). Launched by PM Narendra Modi, the scheme ensures direct deposits into beneficiaries' bank accounts without intermediaries. Linked to RBI's digital currency pilot, the digital rupee can be spent using UPI QR codes or transferred to bank accounts. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/RHbCLEv >
AR glasses are here: Snap launches spectacles at LA summit and its own OS to power it
Snap Inc introduced its fifth-generation AR spectacles at the Snap Partner Summit in Los Angeles. These lightweight glasses feature a new OS, hand gesture controls, and virtual console capabilities. Initially available to developers for $99 monthly, they promise advanced AR experiences with partnerships including OpenAI, Lego Games, and Niantic. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/yUOE73g >
The Gatsby Hotel: Where Retro Glamour Meets Modern Chic in Athens, Greece
In the heart of Athens, where ancient history blends seamlessly with modern vibrancy, lies the Gatsby Hotel , a stylish retre ... via JustLuxe.com from JustLuxe: LuxuryTravel News https://ift.tt/TILKmgz
Will controversy: Baba Kalyani refutes brother’s claims
Baba Kalyani, chairman of Bharat Forge, disputes his brother Gaurishankar's claims regarding their late mother Sulochana's will. Gaurishankar alleges Baba coerced her into making a favorable 2012 will. The Pune civil court must now assess the validity of both the 2012 and 2022 wills to settle the inheritance dispute. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/pVq9LEW >
Boeing says it's considering temporary layoffs to save cash during the strike by machinists
Boeing plans to freeze hiring, reduce travel, and potentially implement temporary layoffs amid a factory workers' strike. The company is facing financial challenges and aims to cut costs. Approximately 33,000 workers are striking after rejecting an offer with pay raises, demanding higher increases and the restoration of bonuses. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/C52dc6o >
Kalyani brothers spar over mother's wills in fresh feud
Baba Kalyani and his younger brother Gaurishankar are engaged in a legal dispute over their late mother Sulochana's will. Baba seeks to probate a 2012 will, while Gaurishankar presents another from 2022. The case involves significant assets, including properties and shares in the Kalyani Group, with a court hearing expected next month. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/WyfV2N0 >
Inter-dept panel may be set up to ensure compliance by online gaming platforms
An inter-departmental committee is proposed to address the rise of online gaming platforms and ensure regulatory compliance. The GST intelligence wing has acted against 118 domestic entities and identified 658 offshore ones for non-compliance. Legal clarity on a 28 per cent tax rate exists, but enforcement is still difficult. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/tCVg0P1 >
Sebi exempts Spice Healthcare from making open offer for SpiceJet shareholders
Sebi has exempted Spice Healthcare from making an open offer to SpiceJet shareholders upon acquiring additional shares, with conditions including a longer lock-in period. SpiceJet also announced new board appointments as it aims to bolster its financial health and meet various obligations. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/7qNiaK2 >
India's short-term treasury bill rates hit 1.5-year low
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Gundari: Greeceâs Newest Luxe Resort on the Serene Shores of Folengandros
Nestled on the tranquil island of Folengandros, Greece, the newly unveiled five-star Gundari property is the epitom ... via JustLuxe.com from JustLuxe: LuxuryTravel News https://ift.tt/2kG7hVr
Samsung plans 30% global job cuts, MS 650
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Trump's plan to hike tariffs would spike shipping costs, just like in 2018, experts say
US presidential contender Donald Trump plans to hike import tariffs if re-elected, potentially driving up cargo rates and inflation. His proposal includes blanket tariffs of 10% to 20% on most imports and higher rates on Chinese goods. Experts warn this could lead to increased consumer costs and disrupted supply chains. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/4WJxpuy >
US action on China hits container supply
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Trai, DoT jointly disconnect over 1 crore mobile phone connection
The Telecom Regulatory Authority of India (Trai) and the Department of Telecom have disconnected over 1 crore mobile connections to tackle pesky callers and fraudsters. They also blocked 2.27 lakh mobile handsets involved in cybercrime and financial frauds. Furthermore, Trai has instructed telecom operators to disconnect entities using bulk connections for spam calls. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/PjvwiYe >
Kenyan court halts Adani's proposal for Nairobi airport
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The New Le Grand HÃtel Cayrà La Suite du Collectionneur
Those traveling to France will enjoy staying at the new Le Grand Hôtel Cayré . Located in Saint-Germain-des-P ... via JustLuxe.com from JustLuxe: LuxuryTravel News https://ift.tt/qKUQsMj
Bajaj Housing Finance offer fully sold on Day 1, Ather files for IPO
Bajaj Housing Finance launched its Rs 6,560-crore IPO, which saw double the subscription on the first day. Ather Energy filed for a Rs 4,500-crore IPO. Shree Tirupati Balajee Agro Trading's Rs 170-crore IPO closed with a massive subscription rate. Gala Precision Engineering listed at a substantial premium after its successful IPO. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/hXS0fu5 >
Gadkari: EVs may not need subsidies in 2 years
Nitin Gadkari, the road transport minister, indicated that electric vehicles could be subsidy-free within two years as their prices are expected to equal those of petrol and diesel vehicles due to declining battery costs. He emphasized consumer choice and highlighted issues related to fuel import bills and pollution from internal combustion engine vehicles. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/19Bmvn0 >
SpiceJet's Ajay Singh may sell over 10 pc stake in airline to raise funds
Ajay Singh, chairman of SpiceJet, may sell over 10% of his stake in the airline as part of a funding round aimed at raising up to Rs 3,200 crore. This move seeks to address financial challenges and operational needs. The funding round is anticipated to be completed by the end of September. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2YIqK0h >
It’s raining IPOs on D-Street. 16 offers eye Rs 9k cr this week
Dalal Street investors will have the opportunity to invest in 16 IPOs next week, aiming to raise nearly Rs 9,000 crore. Bajaj Housing Finance's IPO is the largest at Rs 6,560 crore. Key factors for this surge include substantial investor liquidity and regulatory changes, as noted by Pantomath Capital Advisors. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/DmIG1fE >
MSDE partners with Swiggy to provide skilling, employment opportunities
The Ministry of Skill Development and Entrepreneurship has teamed up with Swiggy to offer skilling and employment opportunities in its food delivery and quick commerce network. This collaboration aims to benefit 2.4 lakh delivery partners and restaurant staff by providing access to online courses, certifications, training modules, and job opportunities through the Skill India Digital Hub (SIDH). from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/6X1iDJV >
Forex reserves rise by $2.3bn to record $684bn
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Fun-filled Fairmont Chateau Whistler
Upon entering the large lodge-inspired grand lobby, guests are impressed by Fairmont Chateau Whistler from the very first steps. With tas ... via JustLuxe.com from JustLuxe: LuxuryTravel News https://ift.tt/FyTbVvX
Cloudland at McLemore Resort - Vacation Above the Clouds
By Tim Cotroneo Cloudland at McLemore Resort has a backstory that is as good as its accommodations, restaurants, spa, and golf courses. Tucked away on a 2,000-foot elevation in northern Georgia, the resort has become a vacation mag ... via JustLuxe.com from JustLuxe: LuxuryTravel News https://ift.tt/OMZP1U4
RIL board okays 1:1 bonus share, co’s first in 7 years
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Oil prices lowest since January, create room for price cut
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