BUSINESS
Erratic monsoon fuels inflation, affects rural demand: CARE Ratings
The government’s budgeted cuts on subsidies introduced during the pandemic can further weaken rural demand, it added.
Sensex up more than 100 points in morning trade
Among the top Sensex gainers are Jio Financial, Tech Mahindra, Powergird and JSW Steel up over 1 per cent in trade. Bharti Airtel is down by more than 1 per cent.
Indian IT industry expected to grow 3-5% revenue in 2024, lower than 2023: Report
According to the credit rating agency ICRA, key sectors like BFSI, retail, technology, and communication are expected to slow down discretionary IT spending.
Gujarat witnesses 49% surge in crorepati taxpayers
Comparatively, the count of individuals with taxable income exceeding Rs 1 crore surged by 4,500, reaching a record-breaking figure of 14,000, as indicated by official statistics, in contrast to the 9,300 individuals in the same bracket in the preceding year of 2021.
Uber drivers earned over Rs 50K cr since 2013; 300 cr trips in India
Looking back at the impact Uber has made, the company shared that the driver have covered about 3,300 crore km, which is equivalent to travelling from Earth to the Moon about 86,000 times.
Nifty 50: Tips to Choose the Best Stocks!
While navigating through the Nifty50, keep the following tips in mind to be able to choose the best stocks:
US takes 1st action against firm for selling unregistered NFTs with $6 mn fine
This is the first time the authority has taken enforcement action against a company for selling unregistered NFTs.
Chamath Palihapitiya's VC firm tried to sell stake worth $312 mn in startups: Report
According to a report in The Information, citing sources, Sri Lankan-born Palihapitiya tried to sell stakes in hundreds of young companies in June this year.
Tiger Global exits Zomato, offloads remaining shares worth Rs 1,123 crore
Tigal Global sold its remaining stake in Zomato via open market transactions on August 28, according to a filing with the Bombay Stock Exchange (BSE).
Apple may become world’s largest smartphone brand by early 2024
Kuo, an analyst at TF International Securities, a financial services group in the Asia-Pacific region, said that Apple’s latest iPhone shipment target for 2024 is 250 million units.
Don't Miss
Advertisement