Thursday, July 16

Business

Retail inflation downgrade to 5.96% for agricultural workers, 6.08% for rural workers
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Retail inflation downgrade to 5.96% for agricultural workers, 6.08% for rural workers

Retail inflation for agricultural workers and rural labourers declined to 5.96 percent and 6.08 percent, respectively, in August, from 6.17 percent and 6.20 percent in July this year.The All-India Consumer Price Index for Agricultural Labourers (CPI-AL) and Rural Labourers (CPI-RL) recorded a rise of 7 points each in August 2024, reaching the levels of 1297 and 1309, respectively.The CPI-AL and CPI-RL in July were 1290 points and 1302 points, respectively.A labour ministry statement said that, "The year-on-year inflation rates based on CPI-AL and CPIRL for this month (August 2024) were recorded at 5.96 percent and 6.08 percent as against 7.37 percent and 7.12 percent in August, 2023. The corresponding figures for July, 2024 were 6.17 percent for CPI-AL and 6.20 percent for CPI-RL."
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Royal Enfield launches its new range of lifestyle apparel & riding gear exclusively for women
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Royal Enfield launches its new range of lifestyle apparel & riding gear exclusively for women

Royal Enfield has announced its new women’s wear collection, designed to celebrate and empower female riders with a fusion of style, comfort, and protection. The collection features the innovative Streetwind Eco Riding Jacket, made from 75 recycled PET bottles, showcasing Royal Enfield's commitment to sustainability. Additional offerings include the Tourer Women’s Riding Jacket with advanced CE Level 2 protection, Ride More Leggings with high-abrasion Poly Lycra, and a range of stylish lifestyle apparel. Shillong has responded enthusiastically to the new collection, reflecting the city’s increasing interest in premium, fashionable riding gear. Local retailers report a surge in demand as female riders seek both high-performance and trendy options that match their adventurous lifesty...
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India’s trade deficit widens to nearly $30 billion, exports downgrade by 9.3%
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India’s trade deficit widens to nearly $30 billion, exports downgrade by 9.3%

The Union Ministry of Commerce and Industry has released a data, according to which India's merchandise trade deficit has increased to $ 29.65 billion in August. According to the data, the trade deficit was $ 29.65 billion, while it was $ 23.5 billion in July and $ 20.98 billion in June.According to data released on Tuesday, India's merchandise exports in August fell 9.3 per cent to $34.71 billion from $38.28 billion in the same month last year. However, imports rose 3.3 per cent to $64.36 billion in August from $62.3 billion in the same month last year.Commerce Secretary Sunil Barthwal told the press, "The data shows that the slowdown in China, the impact of the recession on economies like the US and the European Union, and rising transportation costs have been challenges for exports." H...
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Ola Electric shares jump 10%, hit upper circuit limit
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Ola Electric shares jump 10%, hit upper circuit limit

Shares of electric two-wheeler company Ola Electric Mobility Ltd jumped 10 per cent to hit the upper circuit limit on Tuesday.The stock closed 9.71 per cent higher at Rs 118.10 on the BSE. During the day's trade, it rose 9.98 per cent to Rs 118.40, which hit the upper circuit limit.The company's shares gained 10 per cent on NSE and hit a highest trading limit of Rs 118.36 for the day.The market valuation of the company stood at Rs 52,091.90 crore.Shares of Bhavish Aggarwal-led Ola Electric Mobility Ltd made their market debut on August 9 this year.The stock has so far jumped 55.39 per cent from the issue price of Rs 76.Ola Electric Mobility's Rs 6,145-crore initial public offering was subscribed 4.27 times last month.The price range for the initial share sale was Rs 72-76 per share.Ola El...
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Tata Motors plunge 3% after block deal; stock down over 11% in a month
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Tata Motors plunge 3% after block deal; stock down over 11% in a month

Tata Motors Share Price NSE, Tata Motors Block Deal: Tata Motors shares fell by 2.87% to ₹ 959.70 per share on the BSE on Tuesday, September 17, amid reports that around 1.9 crore shares representing 0.4% stake in the company changed hands at ₹ 970 per share in the block deal window. The deal size was reported to be ₹ 1,758 crore.Pursuant to the scheme of arrangement, TML Securities Trust sold over 1.14 crore new ordinary shares (NOS) on the stock exchanges for distribution of fractional share entitlements as well as tax liabilities.Tata Motors shares have seen volatility recently. The stock has fallen by more than 11% in a month.Last week, the Competition Commission of India (CCI) approved the proposed merger of Tata Motors Finance with Tata Capital.Tata Capital (TCL) is a subsidiary of ...
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Diageo India in partnership with BharatCares launch Water, Sanitation and Hygiene (WASH) projects in Meghalaya
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Diageo India in partnership with BharatCares launch Water, Sanitation and Hygiene (WASH) projects in Meghalaya

Diageo India, in collaboration with BharatCares, has inaugurated new Water, Sanitation, and Hygiene (WASH) projects in two schools in Meghalaya. The launch took place at Seng Khasi Upper Primary School in Mawlai Khasi Hills and Soso Tham Memorial School in Lawsohtun. These projects are set to benefit over 120 students and staff by enhancing their learning environment. At Seng Khasi, improvements will include a renovated water station and new boundary walls, while Soso Tham will receive a new classroom with a dyna roof, separate toilets, and a handwashing station.Navdeep Singh Mehram, Head of CSR & Sustainability at Diageo India, emphasized the company’s commitment to water preservation and community well-being through its Society 2030 ESG action plan. Manoviraj Singh of ...
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Adani Power, Adani Green shares increment 6% on power supply pact with Maharashtra discoms
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Adani Power, Adani Green shares increment 6% on power supply pact with Maharashtra discoms

Adani Company shares, which were trading in the red last week as a result of the latest revelations by Hindenburg which claimed that funds linked to the company were frozen by Swiss authorities, have bounced back somewhat.Adani got a big dealThis is even more true in the case of Adani Green Energy and Adani Power shares. The company's shares rose more than 5 percent in the early hours of the intraday trading session on Monday. This development happened when Adani Energy received a letter of intent from Maharashtra State Electricity Distribution Company Limited for the supply of 6600 MW hybrid solar and thermal power.The company provided this information through an exchange filing on September 15. In the exchange filing, the company said, "MSEDCL has issued a letter of intent to Adani Powe...
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SBI General and Maruti Suzuki join hands to empower Meghalaya with insurance awareness
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Business

SBI General and Maruti Suzuki join hands to empower Meghalaya with insurance awareness

SBI General Insurance and Maruti Suzuki Insurance Broking have come together to enhance insurance awareness in the Ri-Bhoi district and Shillong. Their latest initiative, an insurance awareness camp in Nongpo, Ri-Bhoi, focused on educating locals about the critical role insurance plays in safeguarding against unexpected events like medical emergencies, property damage, and more. The camp offered free vehicle and eye check-ups, drawing enthusiastic participation from the community. It follows a similar session at St. Mary’s Higher Secondary School in Shillong, where over 62 students learned about the importance of insurance and its various types, including health, motor, home, and fire insurance. "Being the leading insurer in Meghalaya, we’re committed to helping people make informed...
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Granules India shares downgrade 16% after USFDA inspection concludes with 6 observations
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Granules India shares downgrade 16% after USFDA inspection concludes with 6 observations

Shares of Granules India tumbled over 16 per cent during intraday trading on Thursday, September 12, after the company announced that the inspection of its Gagillapur FD facility by the USFDA, conducted from August 26 to September 6, 2024, concluded with six observations.In response, the company issued a statement to reassure concerned investors, underscore its commitment to resolve the issues raised. "We acknowledge that many investors have sought clarifications, and we would like to assure them that we are actively addressing the comments and remain fully committed to resolving the issues raised," Granules India said in its stock exchange filing.The company further added that, "At Granules, quality and compliance are paramount, and these principles are deeply embedded in our ongoing rev...
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TCS in partnership with Government of Karnataka announce 25th Edition of TCS Rural IT Quiz
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Business

TCS in partnership with Government of Karnataka announce 25th Edition of TCS Rural IT Quiz

The 2024 edition of Tata Consultancy Services’ iconic quiz aims to raise awareness amongst students from smaller towns and districts across India. Now in its silver jubilee year, the program is recognized by the Limca Book of Records as the first IT Quiz for rural students in India and has grown into one of the largest IT quizzes in the country, engaging over 21 million students so far. Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a global leader in IT services, consulting, and business solutions, and the Department of Electronics, IT, BT and Science and Technology, Government of Karnataka, are pleased to announce that registrations are now open for the 25th edition of the TCS Rural IT Quiz program. A part of the Bengaluru Tech Summit 2024, the quiz comprises of ...
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