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India's urban middle class is cutting back on spending due to inflation and unemployment, revealing weakness in urban demand for the second consecutive quarter. Major companies like Hindustan Unilever and Reliance's retail unit have reported softer consumption, impacting their earnings and the broader economic outlook. from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/L27HZ8V

This Diwali, consumer spending on snacks and gifts soared despite inflation concerns. Companies like Naturals Ice Cream, Dabur, and Parle Products saw significant sales boosts through affordable gift packs and strategic pricing. Urban areas showed budget caution, while rural demand remained steady. Further festive purchases are expected to maintain momentum. from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/0WSUt6w

The US economy showed strong growth in Q3, driven by increased household spending and higher federal defense expenditure. Inflation-adjusted GDP grew at an annual rate of 2.8%, with consumer spending rising 3.7%. These figures reflect solid domestic demand as the Federal Reserve eases its stringent monetary policies, just ahead of the upcoming election. from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/L1f2oMI

Goldman Sachs estimates India needs to create 10 million jobs annually to sustain 6.5% GVA growth. Key policy recommendations include incentivizing affordable social housing, diversifying IT hubs to smaller cities, and reallocating fiscal incentives towards labour-intensive manufacturing sectors to boost employment. from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/YPiWL2R

Hindustan Unilever and other FMCG companies are increasingly focusing on tailoring products to cater to Indian consumer nuances. By leveraging technology and understanding varied local preferences, these firms are introducing region-specific blends and health-focused offerings to meet the evolving demands for premium, differentiated, and sustainable products in India. from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/fIz01sp

The Reserve Bank of India has transported another 102 tonnes of gold from the Bank of England to secure locations within the country, bringing the total to 510.5 tonnes held domestically out of 855 tonnes by the end of September. This move is part of efforts to secure holdings amid global geopolitical tensions, with further shipments possible. from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/kbjDx4S

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Reliance's Campa Cola challenges beverage giants PepsiCo and Coca-Cola with its aggressive pricing strategy, offering 200 ml bottles at Rs 10. To counter this, Coca-Cola and PepsiCo are employing tactics such as better retailer margins and potential lower-priced packs, particularly in markets like Kerala and West Bengal. from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/kVmBXbJ

Foreign fund trading activities and quarterly earnings from major companies are expected to drive the market. Investors will assess crude oil prices due to West Asian geopolitical tensions and the rupee's performance. Waaree Energies' listing also plays a crucial role, amid US election uncertainty and significant OCT market losses. from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/NYqibxu

Facing a significant industry slowdown, car manufacturers like Maruti Suzuki, Honda, Mahindra, and luxury brands such as Audi and BMW are offering deep discounts, sometimes up to Rs 12 lakh, across various models from entry-level to high-end luxury. Analysts predict even deeper discounts post-Diwali to clear excess inventories. from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/jMSs28b

Finance minister Nirmala Sitharaman emphasizes the need for sovereign ratings to properly reflect the economic realities of emerging markets to lower their capital costs. She calls for credit rating agencies to improve their methodologies and highlights the importance of IMF governance reforms amidst global economic challenges. from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/sEUGF3c

RBI governor Shaktikanta Das anticipates inflation will moderate after October, despite recent highs. Speaking at an IMF-World Bank event, Das emphasized efforts to align inflation with the 4% target and highlighted economic strength. He also warned of cryptocurrency risks and stressed international consensus on regulation. from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/nlpPr51

On Friday, the Sensex and Nifty fell nearly 1% each due to poor quarterly earnings and substantial foreign fund selling, with the Sensex dropping 663 points to 79,402. BSE’s market capitalization fell by over Rs 7 lakh crore. Foreign portfolio investors recorded a net outflow of nearly Rs 90,000 crore in October, while domestic funds provided some support. from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/oWu4p8Q

India Inc is expected to report a 16-quarter low revenue growth of 5-7% for the September quarter. The stagnation in construction, a decline in industrial commodities, and sluggish investment-linked sectors contributed to the slowdown. Additionally, the agriculture sector experienced a significant 20-22% revenue drop. from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/vsQ7lMV

Nvidia's AI summit in Mumbai saw CEO Jensen Huang praise India's tech capabilities while Reliance chairman Mukesh Ambani announced an AI infrastructure partnership. Indian companies like TCS, Tata Communications, and Infosys launched new AI initiatives, as Huang highlighted India's key role in language model innovation. from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/HjUQiLy

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Finance Minister Nirmala Sitharaman emphasized maintaining stringent checks on FDI in the national interest, citing regional sensitivities, despite industry pressure. The focus is on ensuring the source of investment is secure. India aims to reach $100 billion annually in FDI, with reforms spanning central to local governance. from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Qom9GfI

The Indian government has decided to remove the export duty on parboiled rice and the Minimum Export Price on non-basmati white rice, allowing Indian farmers to compete more effectively in the international market. These measures come amid a bumper paddy crop and significant buffer stock levels. from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/e9YZ0Bf

Ambuja Cements, controlled by Gautam Adani, is set to acquire a 47% stake in Orient Cement from Chandra Kant Birla for Rs 3,791 crore. This move, along with an open offer for an additional 26% stake, aims to challenge UltraTech Cement's industry dominance and increase Ambuja's cement capacity to 97 million tonnes. from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/wD5kAa3

Sebi chairperson Madhabi Buch is to appear before the Public Accounts Committee (PAC) of Parliament on Thursday for a performance review. Despite BJP's protest, she will address questions linked to allegations of financial misconduct and conflict of interest amid political tensions. Buch had sought an exemption from the PAC but was denied. from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/yct2XlE

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RBI notes a temporary slowdown in India's economy due to heavy rains and 'pitru paksha'. However, it remains optimistic about a recovery driven by festival season consumption and increased private investment. Rural demand is anticipated to rise with an optimistic agricultural outlook, while India's external sector shows resilience despite geopolitical issues. from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/F5rm1Rd

The number of individuals reporting taxable income over Rs 1 crore rose significantly from 44,078 in AY2013-14 to nearly 2.3 lakh in AY2023-24, indicating higher incomes and better compliance. Salaried individuals comprised a substantial portion, but higher income levels saw more businessmen and professionals. from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/XdevW1h

Prime Minister Narendra Modi inaugurated new airports in Madhya Pradesh, Chhattisgarh, and Uttar Pradesh under the UDAN scheme. These airports aim to boost regional connectivity and economic growth. The scheme, supported by tax and customs incentives, is projected to drive significant demand in Indian aviation, with over 2,200 aircraft needed by 2042. from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/kgYa3zi

HDFC Bank's standalone net profit for Q2FY25 increased by 5% to Rs 16,821 crore, with total deposits rising by 15.06% YoY to Rs 25,00,100 crore. The bank's total income for the quarter reached Rs 85,500 crore, up from Rs 78,406 crore a year ago. Gross NPAs slightly increased to 1.36%, while net NPAs rose to 0.41%. from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/bryVXLw

ICAO has increased compensation limits for international flight issues under the Montreal Convention, effective Dec 28. The new upper limit for death compensation rises from Rs 1.4 crore to Rs 1.7 crore. This affects 140 countries, including India. The revision adjusts for inflation and requires legal provisions by December's end. from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/o9yDq0L

Arunachal Pradesh's Education Minister Pasang Dorjee Sona suggests merging state-run schools with low enrolment to tackle issues in public education. During his visit to Yingkiong, he emphasized improving infrastructure and human resources. Over 600 schools have been closed or merged, and there is a notable shortage of trained teachers, particularly in Maths and Science. from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India https://ift.tt/SivfJdo

The Cfore School Survey 2024 ranks top schools in 16 categories, highlighting Convent of Jesus & Mary, Carmel Convent School, and St. Thomas Girls Sr. Sec. School among Delhi's best. The evaluation involved academic rigor, infrastructure, and social inclusivity, with data collected from 92 cities. from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India https://ift.tt/vwQnxP1

The Maharashtra Public Service Commission (MPSC) is recruiting for 480 Group B vacancies, including roles for State Tax Inspector, Assistant Section Officer, and Police Sub-Inspector. Interested candidates must apply online by November 4, 2024, via mpsc.gov.in. The selection process involves a preliminary exam, physical tests for Police Sub-Inspector applicants, main exams, interviews, and document verification. from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India https://ift.tt/WABKzfZ

UP NEET UG 2024 round 3 seat allotment results were announced today by the Directorate of Medical Education and Training, Lucknow. Candidates can view their results on upneet.gov.in. To participate in the next steps, they needed to submit a security deposit by October 7 and must confirm admission by reporting to allotted colleges between October 21 and 23. from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India https://ift.tt/IjC3rJF

American retailer Foot Locker is expanding into India, viewing it as a key growth market. The company has partnered with Metro Brands for store operations and Nykaa Fashion for its online presence. Foot Locker aims to capitalize on India's growing sneaker culture, particularly among Gen Zs, office goers, and socialites. from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/xiKkeqW

Hyundai Motor India's Rs 27,870 crore IPO, the nation's largest-ever public offering, has been fully subscribed, driven by strong institutional investor demand. Retail investor participation was subdued, but the successful issue highlights India's capacity to manage large-scale IPOs, setting a positive precedent for future offerings. from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/SVf6pEx

The number of taxpayers in India increased by 82% from 2014-15 to 2023-24, and direct tax receipts surged 182%, largely due to better compliance and the use of technology. Personal income tax collections rose significantly, surpassing corporate tax collections for the second consecutive year. from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/7EmzgGi

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At the India Mobile Congress, Jio's Akash Ambani and Airtel's Sunil Mittal raised concerns about foreign companies gaining easier market access. Ambani emphasized the need for local data storage, while Mittal argued that international satellite players like Starlink should buy spectrum through auctions like domestic firms. This highlights the brewing competition between local telecoms and global giants. from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/zDn2A7v

Nearly a third of positions at the National Company Law Tribunal remain unfilled, impacting the government's insolvency reform initiative. This shortage has led to operational inefficiencies, delaying insolvency resolutions significantly. The average resolution time has surged to 716 days, far exceeding the 270-day deadline, posing challenges for corporate insolvency processes. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Hm1UBR0

Reliance Jio has urged telecom minister Jyotiraditya Scindia to have regulator Trai revise a consultation paper on spectrum allocation rules, emphasizing fair competition between terrestrial and satellite networks. Jio warns of potential legal battles if level-playing field considerations are not incorporated. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/giLZKX2

India's GJEPC has adopted new standards for defining a diamond, now requiring it to refer only to natural stones mined from the earth. This move aligns with the USA's FTC guidelines and aims to prevent lab-grown diamonds from being misrepresented. GJEPC is urging updates to the Consumer Protection Act to reflect this definition. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/vkOef2z

Hyundai Motor India Ltd plans to export its upcoming electric vehicles to similar emerging markets, such as Africa and Latin America, aiming to strengthen its position as a production hub. The company also focuses on localizing production elements, including battery packs and drivetrain power electronics, to offer competitively priced EVs. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3S5GN2P

The Tamil Nadu School Education Department will release the board examination schedule on October 14. The exams for Classes 10, 11, and 12 are held annually in March and April. For the academic year 2023-24, high pass percentages were recorded across all classes, with female students generally outperforming male students. from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India https://ift.tt/ltConeT

In a significant move towards bolstering technical education in India a Memorandum of Understanding (MOU) was signed between National Institute of Electronics and Information Technology and Government of Maharashtra through its Maharashtra State Board of Technical Education, Mumbai on Friday. from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India https://ift.tt/360fBRz

The Medical Counselling Committee (MCC) has published the NEET UG 2024 round three seat allotment results on its official website. Candidates must report to their assigned institutes between October 14 and 19 to secure their seats. Unplaced candidates will advance to the stray vacancy round. from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India https://ift.tt/Ht3lSTv

India's foreign exchange reserves fell by $3.7 billion to $701.2 billion in the week ended Oct 4, marking the first decline in eight weeks. The drop includes a $3.5 billion decrease in foreign currency and a $40 million reduction in gold value. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/zhkSj0a

Air India has firmed an order for 85 Airbus planes, including 75 A320s and 10 A350s. This follows Tata Group's massive 470-plane order worth $70 billion and includes an option to purchase more planes from Airbus and Boeing. Tata is also merging AirAsia India and Vistara into AI Express and AI, respectively. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/FAC8Y4j

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TD Bank, the largest bank to date to admit to US Bank Secrecy Act violations, pleads guilty to money laundering-related charges and agrees to $3 billion in penalties. The Justice Department cites pervasive compliance failures over a decade. An asset cap limits TD's US operations, and CEO Bharat Masrani plans to retire, taking responsibility for the issues. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/syMHpjr

Retail inflation in September is expected to rise due to a poor base effect and increasing food prices, especially onions, potatoes, and chana dal. RBI Governor Shaktikanta Das highlighted concerns from weather events, geopolitical conflicts, and volatile oil prices, cautioning careful monitoring to maintain control over inflation. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/57KGRYX

In 1991, Ratan Tata took over as the chairman of the Tata Group from his uncle, JRD, who had been in charge for more than half a century. Ratan Naval Tata, a titan of industry, passed away at the age of 86. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/FIYiby5

Finance Minister Nirmala Sitharaman stressed the importance of examining facts before criticizing Sebi chief Madhabi Puri Buch following allegations by Hindenburg Research. She emphasized the transparency brought by Indian regulators and called for a review of consumer and wholesale price indices, while warning against unsustainable freebie giveaways by state governments. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/RytlU3n

Hero Motors has retracted its IPO plan worth Rs 900 crore, as indicated in an update with Sebi. The proposed IPO included a fresh issue to raise Rs 500 crore and an OFS worth Rs 400 crore by promoters. Proceeds were intended for debt payment and facility expansion. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/9Fbr5gJ