Own revenue sources of majority of the Municipal Corporations not adequate for meeting RevEx: RBI report
The revenue receipts of MCs, including own tax revenue, own non-tax revenue, and transfers, amounted to 0.6 per cent of GDP in 2023-24 (the same as in 2019-20). MCs are are the third tier of the government in large urban areas
Hyundai bets on buoyant Bharat, plans measures to boost sales
Rural demand now comprises 21% of Hyundai’s total sales, up from 18.5% two years ago, said Tarun Garg
Kalyan Jewellers posts ₹308 crore profit in H1
IRFC looks beyond Railways for lending opportunities
Mid-market GCCs make up almost half of India’s GCC ecosystem
As of September 2024, there are over 800 mid-market GCCs in India collectively employing more than 2.2 lakh professionals
India’s first Constitution Museum to have semi-humanoid guide robot
Saatvik Green Energy enters solar pump biz with order from Maharashtra
Saatvik Green Energy partners with Maharashtra State Electricity Distribution Company to supply solar submersible pumps, supporting sustainable irrigation solutions.
R K Swamy’s Q2 profit decline, announces new customer facility launch
Shekar Swamy, Group CEO, said that despite the dip in revenue, the company’s new business pipeline remains strong
FinMin not keen on inclusion of BIT in free trade pacts: Sources
Brigade Enterprises PAT up by 2% at ₹115 crore for Q2
Green Frontier Capital launches ₹1,500 cr fund for climate tech start-ups
The fund will focus on accelerating India’s low-carbon transition through investments in transformative climate technologies
Prime Minister Internship Scheme: Youth registration deadline extended to November 15, says MCA
CAIT accuses quick commerce players of violating FDI norms and anti-competitive practices
The traders’ body also accused the quick commerce platforms of using “vertical agreements” to control supply, pricing, and distribution, causing significant harm to competition in the market
3 Chinese solar firms under IT scanner for tax avoidance
IT department says the firms’ did not disclose the ‘permanent establishment’ status of their Indian subsidiaries
Will markets hop on the AI bandwagon?
Machine learning and AI usage are already entrenched in capital markets. But adoption of advanced AI/GenAI tools will be slow
Swiggy delivers 19% gain on listing day
Swiggy poises to create 70 new dollar millionaires, post listing, as employees stand to benefit
AptarGroup expands manufacturing footprint in India
The facility will help the company meet the growing demands of the domestic pharmaceutical industry
IndiGrid forms $300 mn energy platform with 2 funds
Each partner will contribute around $100 million; capital will enable EnerGrid to target projects worth approximately $1.2 billion over the next few years
Prasar Bharati’s OTT to go live at IFFI
Is boosting revenue via higher property taxes viable?
In India, there are hordes of unauthorised residential units, and levying even a low tax on these may be politically challenging
NALCO Q2 net surges 415 per cent to ₹1,062 crore
NALCO also announced an interim dividend of ₹4 per equity share amounting to ₹734.65 crore for FY25
Vodafone Idea Q2 net loss narrows 17% to ₹7,175.9 crore
76% of income tax collected from those earning more than ₹50 lakh: Govt officials
Editorial. October retail inflation print raises concerns
Supply chain efficiencies are a must to offset price increase due to rising input costs and the inevitable increases in support prices
Bayer Cropscience Q2 net down 39% at ₹136.3 crore on higher expenses
Operational revenues for the quarter were up 7.42 per cent at ₹1737 crore over corresponding previous year’s ₹1617 crore
Trade and investment are important pillars of India, Saudi Arabia partnership: Jaishankar
The two countries are strengthening collaboration in new areas including technology, energy, renewable energy, connectivity, health and education
Nirmala denies step-motherly treatment in devolution of funds to States
States being given funds on time, and the total funds given under each head was far higher than what the states received earlier, she said
Bulldozer demolition chilling sight, executive cannot replace judiciary: SC
Destroying family homes, leaving entire families homeless, amount to anarchy: Justice Gavai
How are Indian investors shaping the real estate boom at Expo City Dubai?
Indian investors are among the top three buyers of residential and commercial real estate in Expo City, says Ahmed Al Khatib, Chief Development and Delivery Officer Expo City Dubai.
Day Trading Guide for November 14, 2024: Intraday supports, resistances for Nifty50 stocks
Here are the intraday supports and resistances for widely traded stocks such as Reliance Industries, ITC, ONGC, Infosys, HDFC Bank, TCS, and SBI
Today’s Stock Recommendation: November 14, 2024
Flying taxi startup ePlane raises $14 million for eVTOL development, targets commercialisation by 2025
This strategic investment comes from a diverse range of backers, including Micelio Mobility and Naval Ravikant
Macquarie sees bright prospects for India’s power utilities and lenders: Buy calls for PFC, REC, NTPC, PGCIL
With strong balance sheets, PFC, REC, NTPC, and PGCIL are well-prepared to increase capital expenditure
Swiggy Share Price & IPO Listing Highlights: Swiggy shares surge 10% after listing at premium on NSE, BSE
Swiggy Stocks Today, Swiggy IPO Listing Highlights November 13, 2024: Swiggy IPO Listing Live Status
NTPC Green Energy sets IPO price band at ₹102-108 per share
NTPC Green Energy boasts a portfolio comprising 16,896 MW, with 3,320 MW currently operational and the remainder under contract
Markets open lower on global cues, inflation worries
The BSE Sensex fell 189.68 points or 0.24 per cent to 78,485.50, while the NSE Nifty declined 98 points or 0.41 per cent to 23,785.45 in early trade
Rupee falls 1 paisa to all-time low of 84.40 against US dollar in early trade
Swiggy shares jump 10% post-listing
Sterlite Technologies secures ₹2,600 crore BharatNet project in Jammu and Kashmir
Sterlite Technologies to implement an automation-led fibre deployment approach, utilising drone surveys, GIS mapping, and AI-led network design
Nazara teams up with ONDC to launch in-game shopping platform
gCommerce, the new in-game platform, aims to help game developers overcome low in-app purchase conversion rates by creating additional revenue streams through affiliate marketing
Why the Indian stock market is falling: Analysis of recent trends
Indian stock markets have shown notable volatility over the past two days, with sharp declines unsettling investors and signalling potential shifts in market sentiment
October auto sales: Overall PVs see uptick as SUVs and two-wheelers shine during festivities
In October 2024, both Dussehra and Diwali fell in the same month, traditionally boosting consumer demand and driving significant gains for the auto industry
Ramco Systems maintains leadership position in APAC payroll solutions
Ramco Systems’ recently launched Payce platform was noted for its technology-first approach and ability to minimise manual intervention in payroll processing
Eight injured in fire at IndianOil’s Mathura refinery
All injured individuals are reported to be in stable condition, according to the company statement
Mid-day updates: Markets deepen losses as metals, auto stocks drag; Sensex down nearly 500 points
The broader market reflected selling pressure, particularly in metal and automotive sectors, with Hindalco leading the decline at 3.67 per cent
Tata Chemicals to invest £60 million in UK sodium bicarbonate plant, close Lostock unit
The new facility will have an annual production capacity of 180,000 tons, tripling TCEL’s current pharmaceutical-grade sodium bicarbonate production capacity in the UK
Ram Ratna Wires acquires 60% stake in fabrication specialist Tefabo
This marks Ram Ratna Wires’ entry into the fabrication components and assemblies’ sector, particularly targeting opportunities in renewable energy and railways