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Ex-Election Commissioner Arun Goel Appointed India's Next Ambassador To Croatia
News18 India
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Sat, Sep 7, 2024
Society doesn't like anybody breaking their own family; have realised my mistake: Ajit Pawar
Hindustan Times
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Sat, Sep 7, 2024
How Should You Calculate Your SIP Investment to Reach Your Goals?
Business Today
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Sat, Sep 7, 2024
'A growing danger': More humans now believe that aliens are visiting Earth on regular basis
Business Today
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Sat, Sep 7, 2024
Catch the highlights of economy around the world
Sources say, "The GST Council is likely to be presented with a status report on rate rationalisation by the Group of Ministers (GoM). The GoM is likely to inform that discussions need to start afresh on rates, slabs, merger of slabs, simpler rate structures, and correction of the inverted duty structure."
CNBC TV18
It also said that Air India has recorded its highest consolidated annual operating revenues of ₹51,365 crore, up 24.5 per cent over FY23 driven by growth in capacity to 1,059-million available seat kilometres, which was 21 per cent higher over the previous year
Business Line
Sat, Sep 7, 2024
Sources say, "The GST Council is likely to be presented with a status report on rate rationalisation by the Group of Ministers (GoM). The GoM is likely to inform that discussions need to start afresh on rates, slabs, merger of slabs, simpler rate structures, and correction of the inverted duty structure."
CNBC TV18
The Income Tax Department has implemented a new measure to ensure that only eligible and verified taxpayers get their refunds.
News18 India
Sat, Sep 7, 2024
BDO in its letter says it has reasons to believe that the management of Byju's lacks transparency with respect to providing full information to the auditor for their consideration and evaluation.
News18 India
Sat, Sep 7, 2024
Gold rate today: Stay informed with the latest gold prices today across different cities in India
News18 India
Sat, Sep 7, 2024
With a combination of industry stewardship, government leadership and supportive policy environment, India can further scale up its sustainability efforts
Business Line
Sat, Sep 7, 2024
Responsible use of agrochemicals with a range of novel products can catalyse a game-changing impact on the country’s agricultural productivity
Business Line
Sat, Sep 7, 2024
Gold reserves increased by $862 million to $61.859 billion during the week ended August 30.
News18 India
Sat, Sep 7, 2024
Stay updated with the latest petrol and diesel prices in Mumbai, other cities for September 7, 2024. Discover the current rates per litre and understand the factors influencing daily fuel prices.
News18 India
Sat, Sep 7, 2024
The tribunal also upheld the creditors' decision to invoke the ₹25-crore performance bank guarantees from DPIL citing non-compliance of the insolvency process.
Mint
Fri, Sep 6, 2024
The decline was driven by tomato and broiler prices which fell
Business Line
Fri, Sep 6, 2024
The three-month average monthly payroll rise is now down to 116,000, far less than the 200,000 that analysts say is needed to meet current job-growth needs in a population that has swelled through imm
Business Standard
Fri, Sep 6, 2024
Hiring by America's employers picked up a bit in August from July's sluggish pace, and the unemployment rate dipped for the first time since March in a sign that the job market may be cooling but remains sturdy. Employers added 142,000 jobs last month, up from a scant 89,000 in July, the Labour Department said on Friday. The unemployment rate ticked down to 4.2 per cent from 4.3 per cent in July, which had been the highest level in nearly three years. Collectively, Friday's figures depict a job market slowing under the pressure of high interest rates but still growing. Many employers are responding to the resilience of consumers, who stepped up their spending in July, even after adjusting for inflation. With inflation falling steadily back to the Federal Reserve's 2 per cent target, the Fed is preparing to cut its key interest rate from a 23-year high. Friday's mixed report on the job market raises the question of how large a cut the Fed will announce after it meets September 17-18.
Business Standard
Fri, Sep 6, 2024
Volume during the period rose 19% to 19.17 lakh tonnes
Business Line
Fri, Sep 6, 2024
Monsoon progress brightens food inflation outlook
Business Standard
Fri, Sep 6, 2024
North-West Pacific super typhoonYagi makes landfall over southern China, makes an impression on Bay system
Business Line
Fri, Sep 6, 2024
Level up for 10th week in a row, 25 of the major storages full
Business Line
Fri, Sep 6, 2024
The proposed increase in circle rate is seen as a step towards greater transparency in the administrative system and could also support regional development.
News18 India
Fri, Sep 6, 2024
India's foreign exchange reserves increased by $2.3 billion to a new record of $683.99 billion for the week ending August 30, according to the Reserve Bank of India (RBI). This follows a previous rise of $7.02 billion to $681.69 billion the week before.
The Economic Times
Fri, Sep 6, 2024
Where's the market leading now, read sectorial sentiments
India's steel imports surged by 26.5% to nearly $7.3 billion during May-July 2024, according to the steel ministry's Steel Import Monitoring System. Top product categories included stainless-steel flats, ingots, and hot rolled coils. China, Norway, and Indonesia significantly increased their exports to India during this period.
The Economic Times
Sat, Sep 7, 2024
The Ministry of Skill Development and Entrepreneurship and Swiggy have launched an initiative to provide skilling and employment opportunities within Swiggy's network. The partnership will benefit 2.4 lakh delivery partners and restaurant staff, offering training, internships, and employment in restaurant operations and retail management through the Skill India Digital Hub.
The Economic Times
Sat, Sep 7, 2024
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The Economic Times
Sat, Sep 7, 2024
With China's economy in a lasting slump, investors and entrepreneurs are seeking the next China. They feel unwelcome by their government, which in recent years has sent an ominous message by clamping down on private companies. The heightened tensions between China and the United States make it tough to operate as a Chinese-based business with international ambitions.
The Economic Times
Sat, Sep 7, 2024
Food Safety and Standards Authority of India (FSSAI) on Saturday asserted that controlling chemical contamination in agricultural raw materials is essential for advancing the food industry. FSSAI executive director Inoshi Sharma said enforcing Maximum Residue Levels (MRLs) in crops, fruits, and spices presents a significant challenge. Speaking at an event organised by the Bharat Chamber of Commerce here, she stressed the need for regular audits and the rejection of non-compliant produce at farm gates. Sharma also underscored the importance of educating buyers about the detrimental effects of excessive pesticide use, which can lead to contamination in raw materials. She announced plans to form a committee with representatives from various ministries and departments to address this issue. Furthermore, Sharma emphasised the necessity for accurate labeling and the avoidance of misleading claims by Food Business Organizations (FBOs). She advocated for a culture of 'Self-Compliance' amo
Business Standard
Sat, Sep 7, 2024
Ganesh Chaturthi 2024: The IPO market in India is thriving, with over 17 crore demat accounts registered. Although August saw less account growth than July, experts believe the IPO momentum will continue, driven by economic factors and retail investor engagement.
Mint
Sat, Sep 7, 2024
This comes as the central government on Friday notified the UCMPMD 2024 in a move to regulate unethical marketing practices in the medical devices industry
Business Standard
Sat, Sep 7, 2024
BDO, the auditor firm for the ed-tech startup Byju's, resigned in the middle of a worsening situation at the company, reported Moneycontrol quoting an email on Saturday, September 9.
Mint
Sat, Sep 7, 2024
India is making significant strides in its semiconductor industry with new investments and partnerships, while China faces challenges due to US-led restrictions. Recent developments include a $10 billion investment in Maharashtra and a new OSAT facility in Gujarat. The Indian Semiconductor Mission is set to receive additional funding to boost the sector.
The Economic Times
Sat, Sep 7, 2024
Bhaskar Laxminarayan, CIO and Head of Investment Management at Bank Julius Baer said that he prefers investing in large-cap stocks in India and he finds traditional banks more attractive, as they are better valued and likely to benefit from India's growth.
CNBC TV18
Sat, Sep 7, 2024
The government has notified a uniform code for marketing practices for the medical device industry in order to curb unethical practices. In a notification, Department of Pharmaceuticals (DoP) has asked the medical devices association to prohibit organising workshops abroad for healthcare professionals, offering them hotel stays or monetary grants. "All associations should constitute an ethics committee for marketing practices in medical devices (ECMPMD), upload it on their websites along with a detailed procedure of complaints, which will be linked to the UCPMP portal of Department of Pharmaceuticals," the notification said. The DoP has also sought disclosures form medical devices firms for particulars related to distribution of evaluation samples and expenses incurred on conferences , workshops, seminars etc. As part of the code, a medical device must not be promoted prior to receipt of product approval by the regulatory authority, the notification said. "The word safe or safet
Business Standard
Sat, Sep 7, 2024
Vistara on Saturday said it is dispatching an alternative aircraft along with a fresh set of crew to fly the passengers of its Mumbai-Frankfurt flight to their destination after it was diverted to Erzurum Airport in Turkey due to an alleged bomb threat on Friday. The substitute aircraft is expected to arrive at the Turkish airport by 12.25 (local time) and depart for Frankfurt with all passengers by 14.30 hours (Local time), Vistara said in an updated statement of X (formerly Twitter). The flight UK 27, operating on Mumbai-Frankfurt route, departed from Mumbai at 1.01 pm on Friday after a delay of an hour and was scheduled to arrive in Frankfurt (Germany) at 5.30 pm (local time). The Dreamliner 787-9 aircraft was, however, diverted to Turkey after the airline's crew on-board found a paper note stating that there was a bomb on the aircraft, Vistara sources had said. According to an AP report, the aircraft had 247 passengers and crew on board. The flight landed safely at Erzurum Air
Business Standard
Sat, Sep 7, 2024
Gupta posted on social media platform X that, “2200 crores of fraud is heartbreaking stuff. How many reminders do we need that there is no fast route to riches… and usually if such a route is advertised with fancy cars in tow… it leads to fatal crashes.”
The Economic Times
Sat, Sep 7, 2024
8 stocks have consistently increased in price, trading volume, and delivery volume, indicating higher investor interest in these stocks.
The Economic Times
Sat, Sep 7, 2024
The S&P 500 dropped 1.7% to close out its worst week since March 2023. Broadcom, Nvidia and other tech companies drove the market lower amid ongoing concerns that their prices soared too high in the boom around artificial intelligence, and they dragged the Nasdaq composite down by a market-leading 2.6%.
CNBC TV18
Sat, Sep 7, 2024
Indian tax authorities are seeking $101 million from Byju's, once India's biggest startup now facing insolvency. Backed by General Atlantic, Byju's was valued at $22 billion in 2022 but has struggled with regulatory issues and disputes with U.S. lenders. The company is currently managed by court-appointed resolution professional Pankaj Srivastava.
The Economic Times
Sat, Sep 7, 2024
Elon Musk's Starlink offers Wi-Fi on Hawaiian Airlines and small carriers like JSX using low-earth orbit (LEO) satellites less than a thousand miles from earth
Hindustan Times
Sat, Sep 7, 2024
All three main indexes were lower, with the 11 sectors of the benchmark S&P 500 losing ground led by declines in communication services, consumer discretionary and technology equities.
The Economic Times
Sat, Sep 7, 2024
Britain's Competition and Markets Authority said that the US company gives preference to its own services to the detriment of online publishers and advertisers in Britain's 1.8 billion pound (USD 2.4 billion) digital ad market.
The Economic Times
Sat, Sep 7, 2024
A Vistara Airlines flight from Mumbai to Frankfurt made an emergency landing in Erzurum, Turkey, due to a bomb threat. Turkish officials found a note in the lavatory, prompting a search and evacuation of 234 passengers and 13 crew members. The threat was later confirmed as false. An alternate aircraft will be sent to take passengers to Frankfurt.
The Economic Times
Sat, Sep 7, 2024
ISM, a division within the Digital India Corporation tasked with furthering the country’s semiconductor manufacturing, packaging, and design capabilities was first established in 2022 with a budgetary allocation of $ 10 billion. “The second phase of ISM will be launched soon; the allocation will be around the previous phase. Two more proposals are expected to get approvals,” said an official.
The Economic Times
Sat, Sep 7, 2024
E-commerce giants like Amazon and Flipkart are expected to dominate the smartphone market this festive season with attractive discounts and deals. They aim to capture nearly three-fifths of the market, despite ongoing pricing disputes with brick-and-mortar stores. Offline retailers are urging government intervention against deep discounting practices.
The Economic Times
Sat, Sep 7, 2024
This will be the second funding round for PhysicsWallah, started by Alakh Pandey, a popular teacher, in 2016 as a YouTube channel providing coaching for engineering and medical entrance tests. In 2022, the profitable edtech firm raised $102 million at a $1.1-billion valuation from WestBridge Capital and GSV Ventures in its maiden funding round.
The Economic Times
Fri, Sep 6, 2024
Airlines in Malaysia will have to give passengers the option of a refund if their flight is delayed for five hours or more, as the Southeast Asian nation joins countries beefing up consumer air-travel rights.
Mint
Fri, Sep 6, 2024
Nigeria’s UTM Offshore Ltd. has received approval to build the West African nation’s first-ever floating liquefied natural gas facility — five years after it was first announced.
Mint
Fri, Sep 6, 2024
The government has mandated medical devices associations to adopt a uniform marketing code similar to that for pharmaceuticals. This includes prohibitions on organizing workshops abroad and offering expensive perks to healthcare professionals. Companies must upload the code on their websites and form an Ethics Committee for Marketing Practices.
The Economic Times
Fri, Sep 6, 2024
John Cockerill Group and Greenko Group will invest ₹2,800 crore in an electrolyser manufacturing facility in Kakinada, Andhra Pradesh. The plant aims to produce 2 gigawatts of electrolysers annually and serve as an export hub. The venture also plans to expand into steel, energy, and defence sectors, tripling its workforce in two years.
The Economic Times
Fri, Sep 6, 2024
West Bengal is home to 43,000 Durga Pujas, and the business around it is a major economic driver
Business Standard
Fri, Sep 6, 2024
The Indian Railways is revising its Gati Shakti Cargo Terminal policy to boost private sector involvement in freight infrastructure. New guidelines will reduce costs for private developers, aiming to double the number of terminals. Some capital expenses will now be covered by the railways, making investments more attractive.
The Economic Times
Fri, Sep 6, 2024
Sebi has revised the reporting timeline for entities with listed commercial papers to disclose their payment obligations within one working day of the due date. This change aligns with the requirements for non-convertible securities, enhancing transparency and ensuring timely disclosures. The new rule applies to payments of interest, dividends, or principal redemption.
The Economic Times
Fri, Sep 6, 2024
Quant Mutual Fund (MF) on Friday announced that its assets under management (AUM) has crossed the Rs 1 trillion mark
Business Standard
Fri, Sep 6, 2024
With this, Lenskart, which is one of the most anticipated IPOs in the startups ecosystem, is now tasked with the responsibility of finding a new chief financial officer as it prepares to go public in 18-24 months.
Mint
Fri, Sep 6, 2024
Sebi on Friday modified the timeline for entities with listed commercial papers to report the status of their payment obligations within one working day of the payment due date, bringing it in line with the reporting requirements for non-convertible securities. The move will enhance transparency for stakeholders and ensure timely disclosures by the entities. In its circular, Sebi said, the LODR (Listing Obligations and Disclosure Requirements) rules mandate entities with listed non-convertible securities to report the status of their payment obligations (payment of interest or dividend or repayment or redemption of principal) within one working day of its payment becoming due. Earlier, the rule required issuers of listed commercial papers to submit a certificate confirming the fulfilment of their payment obligations within two days of payment becoming due. Sebi said it has amended the rule in order to align the timeline of intimating stock exchanges regarding status of payment ...
Business Standard
Fri, Sep 6, 2024
The first solar energy project under the Mukhyamantri Saur Krishi Vahini Yojana 2.0 in Maharashtra has been activated in Dhondalgaon village, Chhatrapati Sambhajinagar district. The 3 KW project will provide daytime power supply to 1,753 farmers. Spread over 13 acres, it was developed within four and a half months.
The Economic Times
Fri, Sep 6, 2024
Banks are mulling to hire graduates under 25 years of age as apprentices in a month, a top industry official said on Friday. Lenders will be paying a stipend of Rs 5,000 a month to such candidates who will get trained on a specialized skill set during the stint, industry lobby grouping Indian Banks Association's chief executive Sunil Mehta told PTI. The move follows a budget announcement by Finance Minister Nirmala Sitharaman, under which the government is targeting to provide internships at top-500 companies for up to 1 crore youth over the next five years. Explaining the banks' role in implementing the scheme, Mehta said, "There are a lot of areas where we don't need any skilled manpower for example marketing, recoveries. We can give them training in those areas and they can create employment for themselves." The candidates applying for apprentice should be a graduate between 21-25 years of age, should not be a taxpayer and must not possess a degree from top institutions like IIT
Business Standard
Fri, Sep 6, 2024
SpiceJet on Friday said it will convert about $97 million of its dues to the commercial aviation investment and servicing arm of Carlyle Group.
Hindustan Times
Fri, Sep 6, 2024
Broadcom posted big declines in revenues from its broadband and non-AI networking divisions on Thursday, while a hike in its forecast for AI chip sales failed to impress growth-hungry investors who have driven a more than 35% increase in its shares so far this year.
The Economic Times
Fri, Sep 6, 2024
Backed by General Atlantic, Byju's was valued at $22 billion in 2022, but has seen its fortunes dwindle due to many regulatory issues and more recently a dispute with U.S. lenders who are demanding $1 billion in unpaid dues, triggering the company's insolvency that led to an assets freeze.
The Economic Times
Fri, Sep 6, 2024
SpiceJet announced that Carlyle Aviation Partners will convert part of their debt into equity, restructuring aircraft lease obligations. Carlyle may also invest in SpiceXpress & Logistics. The airline is seeking to raise Rs 2,500 crore through a share sale to institutional investors amid financial struggles and operational challenges.
The Economic Times
Fri, Sep 6, 2024
Vistara flight UK 27, operating from Mumbai to Frankfurt, on Friday has been diverted to Turkey due to security concerns, the airline has said. The security alert (bomb threat) was noted by the Vistara crew onboard, the airline said in a statement. The aircraft has safely landed at the Erzurum Airport, and as per the protocol, the relevant authorities were immediately alerted, and Vistara is fully cooperating with the security agencies to complete the mandatory security checks, it added. However, other details like the number of passengers and crew on board were not immediately known.
Business Standard
Fri, Sep 6, 2024
