BUSINESS
Govt notifies changes in PLI scheme for ACs, LED lights
The changes that have been adopted include the cost-plus method in place of CUP (comparable uncontrolled price) method for calculation of sales prices in case of captive consumption or supplies to group companies which also required amendment in the definition of 'arms length'.
Air India's turbulent skies: Growing concerns over reliability, safety of int'l flights
Passengers have reported a disturbing pattern of delays, cancellations, and onboard technical glitches affecting Air India flights' departure.
Indian crypto links emerge in Hamas funding amid Israel-Palestine conflict: Report
Investigations into Israeli government seizure orders and blockchain analytics reports prior to the assaults have revealed large amounts of money going to three organisations -- Hamas, Palestinian Islamic Jihad, and the Lebanon-based Hezbollah militia, according to media reports.
Market sentiments get a boost after IMF raises GDP target
At close on Wednesday, Nifty was up 0.62 per cent or 121.5 points at 19,811.35, while Sensex settled at 66,473.05, up 394 points or 0.60 per cent.
Nifty advances for second straight day
At close on Wednesday, Nifty was up 0.62 per cent or 121.5 points at 19,811.35, while Sensex settled at 66,473.05, up 394 points or 0.60 per cent.
Avoidable sight loss costs Indian economy $27 bn per year: Study
Held on the second Thursday of October each year, World Sight Day, organised by the International Agency for the Prevention of Blindness (IAPB) is a UN-recognised international event dedicated to draw attention to the global issue of visual impairment.
Bank of Baroda plans to raise Rs 10,000 cr through bonds
“The board of directors in its meeting held today has approved the proposal for raising Long Term Bonds for financing of infrastructure and affordable housing aggregating to a total size up to Rs 10,000 crores, in single or multiple tranches during 2023-24 and beyond, if found expedient,” the bank said in a filing with the stock exchange.
India's UPI 'incredibly painful' experience for ecosystem participants: Mastercard CFO
Speaking at the recent UBS conference, Mehra said that "it is an incredibly painful experience for ecosystem participants who all end up losing money as part of that proposition," reports TechCrunch.
RBI ban on onboarding customers via app can affect growth trajectory of Bank of Baroda
The RBI has directed Bank of Baroda (BOB) to suspend onboarding customers through its BOB World mobile application. The move was driven by concerns regarding the processes and the manner in which BOB has acquired a large number of customers through its digital platform, the RBI said. There have been media articles recently about the process lapses at BOB in order to rapidly boost the number of digital customers.
Luxury goods witnessing strong demand, basic demand hit due to high inflation
“We believe all eyes rest on festive demand in the coming couple of months for the market to sustain momentum. 2Q24 will show the impact of volatile monsoons, flash floods in July and delayed recovery in rural and consumer demand in a few segments,” the research said.
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