If states have to fall in line with MSPs declared by political parties, they will have to do so in violation of central order or bear the full expense of the surplus procured at above MSP rates.
Posts tagged Rediff
Polls Over, BJP, Cong Faced With MSP Hike Promise (07-12-2023)
If states have to fall in line with MSPs declared by political parties, they will have to do so in violation of central order or bear the full expense of the surplus procured at above MSP rates.
New biz to boost growth momentum of Tata Consumer (07-12-2023)
The stock of fast-moving consumer goods major Tata Consumer Products has been reaching new all-time highs on better-than-expected results for the July-September quarter (second quarter, or Q2), strong growth in the food business, and margin gains in the beverage/international business. Most brokerages are positive on the stock, given growth prospects, and believe that rich valuations are justified. The near-term trigger has been the robust operational performance in Q2.
Indian Managers Are Conquering The World (07-12-2023)
‘MNCs now recognise India’s capacity for innovation and its pivotal role in substantive contributions to global product development.’
Siemens’ strong Q4 results fail to cheer markets (07-12-2023)
Siemens reported solid results in the July-September quarter (fourth quarter, or Q4) of 2022-23 (FY23), with the top line growing 25 per cent year-on-year (Y-o-Y) to Rs 5,808 crore. The operating profit margin stood at 12.1 per cent, led by lower employee costs and other operating expenses. The company follows the October-September financial year.
Moody’s gives negative outlook for global banks in ’24 (06-12-2023)
Moody’s Investors Service on Wednesday said the outlook for global banks for 2024 is negative as central banks’ tighter monetary policies have resulted in lower GDP growth. It said Indian banks’ profitability will increase further on lower provisioning expenses and robust growth in higher-yielding retail segments. “Our outlook for global banks for 2024 is negative as central banks’ tighter monetary policies have resulted in lower GDP growth.
Nearly 100 million subscribers using 5G, govt tells LS (06-12-2023)
The 5G networks have rolled out in 738 districts across the country, and around 100 million subscribers are using these services, marking one of the fastest fifth-generation rollouts in the world, Parliament was informed on Wednesday. Telecom service providers have also committed a total investment of Rs 2 lakh crore, including a commitment of Rs 1.5 lakh crore for spectrum acquired through auction in July-August 2022, Minister of State for Communications Devusinh Chauhan said in a written reply in Lok Sabha. “As on November 24, 2023, 5G networks have been rolled out in 738 districts across the country and a total of 3,94,298 base stations have been installed with around 100 million subscribers using 5G services,” he informed.
Digital India Act won’t be in place before election (06-12-2023)
The government may not be able to put in place the Digital India Act, which aims to replace over 23 years old IT Act 2000, before the next general election, as there is not much time left for extensive consultation, Minister of State for Electronics and IT Rajeev Chandrasekhar said on Wednesday. While speaking at the Global Technology Summit 2023, the minister, however, said the rules for the Digital Personal Data Protection Act will be out later this month for consultation and are expected to be notified by the end of December or early January. Chandrasekhar said the existing IT Act doesn’t even have the word internet, and there is a consensus that it can be safely superseded and replaced.
Rapido drives cabs into Uber, Ola lane (06-12-2023)
There’s a hint of new competition riding into a sector that has attracted attention for being in a duopoly-like situation. Rapido, a commute app known for its budget-friendly bike-taxi services, on Tuesday announced its entry into the cab market, which is currently dominated by marquee brands Uber and Ola. Rapido’s cab foray will be enabled by a software as a service (SaaS)-based platform.
LIC is world’s fourth-largest insurer: S and P Global (06-12-2023)
Insurance behemoth Life Insurance Corporation of India (LIC) is the fourth largest insurer in the world, according to a ranking based on life and accident and health reserves of companies in 2022 by S and P Global Market Intelligence. The state-owned insurer is ranked after Allianz SE, China Life Insurance Company, and Nippon Life Insurance Company. According to the report, LIC’s reserves stood at $503.7 billion. Germany’s Allianz SE ($750.20 billion), China Life Insurance Company ($616.90 billion) and Nippon Life Insurance Company ($536.80 billion) are the top three insurance companies in the world.