Residential sector has recorded a sale of 156,640 units, down by 1 per cent during January-June period this year, while gross leasing of office space rose 3 per cent across eight major cities, according to Knight Frank India.
https://www.livemint.com/news/india/housing-sales-down-1-in-jan-jun-gross-office-leasing-up-3-knight-frank-11688477473610.html
https://www.livemint.com/news/india/housing-sales-down-1-in-jan-jun-gross-office-leasing-up-3-knight-frank-11688477473610.html
mint
Housing sales down 1% in Jan-Jun; gross office leasing up 3%: Knight Frank
Knight Frank India said housing sales have dipped 1 per cent to 1,56,640 units in January-June from 1,58,705 units in the year-ago period.
#Byju's CEO Raveendran, co-founders Divya Gokulnath and Riju Ravindran, the promoters of the beleaguered edtech major, have together sold shares worth about $408.53 million in 40 secondary transactions since 2015, according to research and data platform PrivateCircle.
Read here: https://www.livemint.com/companies/byjus-promoters-have-sold-shares-worth-408-53-million-since-2015-report-11688480952408.html
Read here: https://www.livemint.com/companies/byjus-promoters-have-sold-shares-worth-408-53-million-since-2015-report-11688480952408.html
Fast moving consumer goods company Dabur India added five new brands with sales greater than ₹100 crore in FY23, the company said in its fiscal 2023 annual report released to the exchanges.
https://www.livemint.com/companies/news/dabur-india-adds-five-new-100-crore-brands-expects-expansion-in-gross-margins-11688487205615.html
https://www.livemint.com/companies/news/dabur-india-adds-five-new-100-crore-brands-expects-expansion-in-gross-margins-11688487205615.html
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Five more Dabur brands cross ₹100 crore sales in FY23
Brands to enter the billion rupee portfolio during the last fiscal include—Honitus, Real drinks, Odomos, Dabur herb’l and Badshah spices.
Carl Zeiss India is investing over €250 million to build a spectacle lens production facility in Bengaluru, which will be the German optical systems group’s largest ‘vision’ factory in the world.
https://www.livemint.com/companies/news/carl-zeiss-plans-biggest-lens-factory-in-india-for-250-mn-11688488631822.html
https://www.livemint.com/companies/news/carl-zeiss-plans-biggest-lens-factory-in-india-for-250-mn-11688488631822.html
mint
Carl Zeiss plans biggest lens factory in India for €250 mn
The capacity for 260,000 Carl Zeiss lenses a day, is six times what the firm produces today
H&M, the Swedish fast-fashion retailer, is set to expand its presence in India by opening six more stores and enter three cities by the end of 2023, besides focusing on boosting its online sales, said a top company executive.
https://www.livemint.com/companies/news/hm-india-bets-on-omnichannel-model-to-expand-footprint-11688489117694.html
https://www.livemint.com/companies/news/hm-india-bets-on-omnichannel-model-to-expand-footprint-11688489117694.html
mint
H&M India bets on omnichannel model to expand footprint
For FY22, H&M India, which operates 51 stores, posted revenue of ₹2,115.18 crore, up 49% from a year ago, while its profit rose to ₹25.29 crore, according to data by business intelligence platform Tofler.
For FY22, H&M India, which operates 51 stores, posted revenue of ₹2,115.18 crore, up 49% from a year ago, while its profit rose to ₹25.29 crore, according to data by business intelligence platform Tofler.
Read here: https://www.livemint.com/companies/news/hm-india-bets-on-omnichannel-model-to-expand-footprint-11688489117694.html
Read here: https://www.livemint.com/companies/news/hm-india-bets-on-omnichannel-model-to-expand-footprint-11688489117694.html
While approval ratings for #RishiSunak's Labour opponent #KeirStarmer also fell by 2 percent, they still remained positive at 7 percent.
Read here: https://www.livemint.com/news/world/uk-pm-rishi-sunaks-approval-ratings-plunge-into-negative-for-the-first-time-since-taking-office-11688517740205.html
Read here: https://www.livemint.com/news/world/uk-pm-rishi-sunaks-approval-ratings-plunge-into-negative-for-the-first-time-since-taking-office-11688517740205.html
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The white powder substance was discovered in the West Wing of the #WhiteHouse.
https://www.livemint.com/news/world/cocaine-found-at-the-us-white-house-joe-biden-presidential-complex-all-you-need-to-know-11688521848109.html
https://www.livemint.com/news/world/cocaine-found-at-the-us-white-house-joe-biden-presidential-complex-all-you-need-to-know-11688521848109.html
mint
White House shut as Cocaine found in areas frequented by Joe Biden; All you need to know
Cocaine found in the US Presidential complex led to the temporary closure of the White House. The substance was determined to be non-hazardous.
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#Threads, the recently introduced microblogging app by #Meta, is the new platform that will enter the market as a direct rival to #Twitter.
https://www.livemint.com/technology/metas-threads-app-sparks-privacy-concerns-with-data-access-permissions-whats-the-buzz-11688531598228.html
https://www.livemint.com/technology/metas-threads-app-sparks-privacy-concerns-with-data-access-permissions-whats-the-buzz-11688531598228.html
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Meta's Threads app sparks privacy concerns with data access permissions. What's the buzz?
Meta's new microblogging app, Threads, is set to rival Twitter. However, concerns are being raised about the permissions and data access required by the app. Twitter's co-founder, Jack Dorsey, expressed reservations, and Elon Musk also commented on the issue.
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Union Minister #NitinGadkari emphasized on the government's vision to transform farmers into both "annadata" (food providers) and "urjadata" (energy providers).
https://www.livemint.com/politics/news/petrol-will-be-available-at-the-rate-of-15-per-litre-if-says-union-minister-nitin-gadkari-11688532105829.html
https://www.livemint.com/politics/news/petrol-will-be-available-at-the-rate-of-15-per-litre-if-says-union-minister-nitin-gadkari-11688532105829.html
mint
‘Petrol price will be at ₹15 per litre if..’, says Union minister Nitin Gadkari
Union Minister Nitin Gadkari emphasized the Centre's vision of transforming farmers into both food and energy providers. Gadkari also mentioned that if 60% ethanol and 40% electricity are used, petrol would be available at ₹15 per litre, reducing pollution…
Last year, reports emerged of amorous couples misusing the secluded space near Court 12, causing discomfort for other visitors.
Read here: https://www.livemint.com/sports/wimbledon-asks-fans-to-use-quiet-room-for-prayer-breastfeeding-not-sex-11688536148490.html
Read here: https://www.livemint.com/sports/wimbledon-asks-fans-to-use-quiet-room-for-prayer-breastfeeding-not-sex-11688536148490.html
#RakeshJhunjhunwala invested through his privately-owned investment advisory and asset management firm Rare Enterprises. After his death, #RekhaJhunjhunwala inherited the portfolio.
https://www.livemint.com/market/stock-market-news/rakesh-jhunjhunwala-birth-anniversary-how-the-big-bulls-portfolio-looks-like-almost-a-year-after-his-demise-11688538911577.html
https://www.livemint.com/market/stock-market-news/rakesh-jhunjhunwala-birth-anniversary-how-the-big-bulls-portfolio-looks-like-almost-a-year-after-his-demise-11688538911577.html
mint
Rakesh Jhunjhunwala Birth Anniversary: How the Big Bull's portfolio looks like almost a year after his demise
Rakesh Jhunjhunwala invested in several companies across sectors under his name and his wife's name Rekha Jhunjhunwala. He also invested through his privately-owned investment advisory and asset management firm Rare Enterprises. After his death, Rekha Jhunjhunwala…
Delhi HC Justice Tara Vista Ganju said that the aircrafts of the lessors are valuable and require regular maintenance and to further obviate any losses.
https://www.livemint.com/companies/news/delhi-hc-allows-go-first-lessors-to-access-aircraft-carry-out-maintenance-work-11688549852977.html
https://www.livemint.com/companies/news/delhi-hc-allows-go-first-lessors-to-access-aircraft-carry-out-maintenance-work-11688549852977.html
mint
Delhi HC allows Go First lessors to access aircraft, carry out maintenance work
The aircrafts of the lessors are valuable and require regular maintenance and to further obviate any losses.
Foreign direct investment (#FDI) in developing countries in Asia remained flat year-on-year at $662 billion during 2022, despite clocking about half of global inflows, UNCTAD’s World Investment Report 2023 said.
https://www.livemint.com/economy/developing-countries-in-asia-attracted-fdi-worth-662-bn-in-2022-unctad-11688558197082.html
https://www.livemint.com/economy/developing-countries-in-asia-attracted-fdi-worth-662-bn-in-2022-unctad-11688558197082.html
mint
Developing countries in Asia attracted FDI worth $662 bn in 2022: UNCTAD
Globally, FDI declined by 12% to $1.3 trillion in 2022 after a strong rebound in 2021
The pilot program for renewing temporary work visas in the US, that will provide relief to countless Indian workers on #H1B visas, has been welcomed by an Indian community in the country.
https://www.livemint.com/news/world/h1b-visa-renewal-in-us-indian-american-tech-executive-welcomes-temporary-work-visa-rule-11688546001350.html
https://www.livemint.com/news/world/h1b-visa-renewal-in-us-indian-american-tech-executive-welcomes-temporary-work-visa-rule-11688546001350.html
mint
H1B visa renewal in US: Indian-American tech executive welcomes temporary work visa rule
A pilot program for renewing temporary work visas in the US, welcomed by the Indian community, aims to provide relief to H-1B visa holders. The program will initially include Indian nationals and expand to other eligible categories in the future.
Indian Gas Exchange (IGX) said its platform traded 16,22,100 million British thermal unit (mBtu), or around 41 million metric standard cubic meters (mmscm), of gas volumes in June.
https://www.livemint.com/market/commodities/indian-gas-exchange-igx-reports-record-gas-volumes-traded-in-june-spot-buying-interest-increases-11688559453745.html
https://www.livemint.com/market/commodities/indian-gas-exchange-igx-reports-record-gas-volumes-traded-in-june-spot-buying-interest-increases-11688559453745.html
mint
IGX traded gas volumes at over 1.62 mmBtu in June
Volumes were up 91% sequentially due to increase in spot buying interest from buyers amid correction in global gas prices.
India has hosted talks on a possible deal to supply 10 million metric tonnes of #GreenHydrogen to the European Union (EU), which in turn would invest in one such clean energy project in India.
Read here: https://www.livemint.com/economy/india-in-talks-to-supply-10-million-tonnes-of-green-hydrogen-to-eu-report-11688563430239.html
Read here: https://www.livemint.com/economy/india-in-talks-to-supply-10-million-tonnes-of-green-hydrogen-to-eu-report-11688563430239.html
#FMCG player #Marico's top-line front on a consolidated basis struggled in June 2023 quarter due to evasive demand in the rural market and pricing drop, especially Saffola Edible Oils.
https://www.livemint.com/market/stock-market-news/maricos-revenue-in-q1-dips-in-low-single-digit-expects-gross-margins-to-expand-ahead-should-you-buy-this-fmcg-stock-11688561577702.html
https://www.livemint.com/market/stock-market-news/maricos-revenue-in-q1-dips-in-low-single-digit-expects-gross-margins-to-expand-ahead-should-you-buy-this-fmcg-stock-11688561577702.html
mint
Marico's revenue in Q1 dips in low-single-digit, expects gross margins to expand ahead; should you buy this FMCG stock?
FMCG player Marico's Q1 revenue declined, while its domestic volumes grew in low-single digits, with a minor volume drop in Parachute Coconut Oil and low double-digit growth in Saffola Edible Oils.
Foreign institutional investors (#FIIs) continued their winning streak for six days in a row despite Indian markets ending on a mixed note during Wednesday's trade.
https://www.livemint.com/market/stock-market-news/fiis-stay-as-net-buyers-for-6-days-in-row-invests-rs-1-603-crore-in-indian-stocks-today-diis-sell-rs-439-crore-11688565837090.html
https://www.livemint.com/market/stock-market-news/fiis-stay-as-net-buyers-for-6-days-in-row-invests-rs-1-603-crore-in-indian-stocks-today-diis-sell-rs-439-crore-11688565837090.html
mint
FIIs stay as net buyers for 6 days in row, invests ₹1,603 crore in Indian stocks today; DIIs sell ₹439 crore
FIIs continue as net buyers for six consecutive days, while DIIs have been net sellers for three days. Sensex and Nifty 50 ended on a mixed note during Wednesday's trade.
#Opinion | #GST is designed to lower the overall cost-base by taxing only the value that’s added, relieving us of a cost pile-up as one item’s burden feeds into the next along a chain of usage.
https://www.livemint.com/opinion/online-views/relieve-gst-of-its-warps-to-regain-its-reform-cred-11688573949474.html
https://www.livemint.com/opinion/online-views/relieve-gst-of-its-warps-to-regain-its-reform-cred-11688573949474.html
mint
Relieve GST of its warps to regain its reform credentials
The great tax simplifier has not met its promise so far. GST has spurred formalization and scored its ‘one market’ goal, but it awaits a major reset to prove itself historic as a reform