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Nirmala Sitharaman said on Friday. Persistent high inflation will crimp demand, Sitharaman said and added that the tendency to use interest rates as the only solution to tackle inflation has its own downside. “Most economies do have this problem—an obsession of using interest rate as the only tool to deal with inflation," the minister said at the B20 summit, a gathering of top business executives from G20 countries.

Mint reported concerns raised by the ministry in this regard. “With the World Cup and Asia Cup around the corner, there will be more of an emphasis on this.

TVS Apache RTR 310 is set for September 6, 2023, and interested buyers can now initiate pre-bookings for this streetfighter by paying a nominal sum of ₹3,100. The teaser video unveils a boldly designed streetfighter, which will have its foundations in the Apache RR 310. The Apache RTR 310 will retain the identical chassis and mechanics.

Mint reported concerns on behalf of the I&B Ministry in this regard. “With the World Cup and Asia Cup around the corner, there will be more of an emphasis on this.

Arun Ramchandani, Executive Vice-President, L&T Defence, says “we have got a few good breakthrough orders this year. We see a lot of interest in our products, mainly in the artillery systems. A lot of them are in fire control systems, some of the defence electronics, upgrading of a lot of legacy weapon systems are there around the world. We see the potential for exports to grow as a percentage of our order book.”Let us talk about your order book position in the defence space and how the contribution is rising over the years from 3.8%. What kind of visibility do you have for major orders in the pipeline? The defence order book is looking very healthy.

Siddhartha Khemka, Head of Retail Research, MOFSL, says among food aggregators, we definitely like Zomato. We have a target price of Rs 110. We believe the excellent Q1 numbers where the company has turned profitable at PAT level, which is much ahead of its Q4, FY24 guidance. We believe that the company could see strong growth where the management is confident of achieving 40% plus organic growth. Even Blinkit is seeing improvement.”How realistic are the gains in some of the companies which have got business or presence in this entire space/rocket vertical? Stocks have gone up 50 to 100% even though the upside could be minuscule. Is it time to log out of BHEL or Paras Defence or Centrum Electronics? Just about every company in that space has got re-rated because of the Chandrayaan mission.The defence space has been in momentum not only because of the Chandrayaan effect but in the past several months also we have seen the large order book that has flown to some of these Indian companies.

Chakri Lokapriya, CIO & MD, TCG AMC, says “metals as a basket has underperformed. Valuations are attractive but the business momentum is just not there because of global uncertainty. Jindal Steel and Power valuation is still probably about five times EV/EBITDA. While we would stay away from the sector, may go for a couple of companies like Jindal Steel and Power and maybe Hindalco.”As we are now gearing up for the festive season, it definitely is going to be very critical for a lot of these consumer durable companies across the board. What is it that you are anticipating from this festive season and the kind of cheer it could bring for FMCG companies?FMCG companies, probably in terms of consumer staple, not much other than the traditional bounce.

leadership, a key recommendation was to develop a common regulatory framework for generative artificial intelligence (AI), said N Chandrasekaran, chairman, Tata Sons and chairperson of B20 India. Speaking at a press conference ahead of the three-day B20 India Summit, Chandrasekaran said, “Digital transformation by adopting AI at a scale is one of key objectives of this summit.

Crimea with 42 drones overnight. «Nine UAVs (unmanned aerial vehicles) were destroyed… over the territory of the Republic of Crimea.

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LCA), the air force is set to order an additional 100 of the Mk 1A variant of the fighter jet, with the order value likely to be around $8 billion. The Indian Air Force (IAF) has already placed an order for 83 LCA Mk1A fighter jets, the first of which is to be delivered by early next year. The Mk 1A version is a major improvement over the 40 Mk1 jets that were originally ordered by the air force, with modern avionics, Active Electronically Steered Radar, a new electronic warfare suite and a Beyond Visual Range missile capability. The order will place the total number of LCA jets-also called Tejas-in the Indian fighter fleet at 223, second only to the Russian origin Su 30MKI fighter jets.

Mint on the sidelines of The Indian Digital Gaming Society (IDGS) gaming conclave. In June last year, the ministry had completely banned these platforms from using any form of advertising to promote these offshore companies. In March, it emphasized that while betting company advertisements have significantly reduced, it is now considering further action to eliminate outdoor media displays, such as hoardings, posters, banners, and auto rickshaw branding.

NEW DELHI : India aims to offer all public services through the digital public infrastructure over the next two years, said minister of electronics and information technology Rajeev Chandrasekhar. DPIs will deepen and widen the availability of government-to-citizen services and drive inclusion, he said.

leadership, a key recommendation was to develop a common regulatory framework for generative artificial intelligence (AI)—a nascent field of technology finding adoption across various industries and governance—said N. Chandrasekaran, chairman, Tata Sons and chairperson of B20 India. Speaking at a press conference ahead of the three-day B20 India Summit, Chandrasekaran said, “Digital transformation by adopting AI at a scale is one of key objectives of this summit.

Reliance Retail is planning to launch a value apparel format to compete directly with Tata’s Zudio, Landmark group owned Max and Shoppers Stop’s new mass priced brand InTune. All products in Yousta are priced below Rs 999, with a majority priced below Rs 499. “The team will continuously work with India’s younger generation to understand their evolving fashion needs,” said Akhilesh Prasad, President and CEO – Fashion and Lifestyle, Reliance Retail. Experts said India's consumption structure has been skewed in the past over a narrow base of richer consumers accounting for a large chunk of the overall market. However, as the economy is broadening across many more cities and the impact is reaching further down the income ladder, the opportunity for value-formats and value-brands is expanding. Yousta has partnered with a non-profit for customers to donate old clothes at stores and allow them to be used for community programs. The product can also be accessed online through Ajio and JioMart. Reliance Retail Limited is a subsidiary of Reliance Retail Ventures Limited (RRVL), the holding company of all the retail companies under the RIL (Reliance Industries Limited) group.

Editors Guild of India and other media bodies on Thursday voiced concern over the blocking of the website and the de-activation of social media accounts of Srinagar-based news website Kashmir Walla. The Guild is disturbed by the censorship measures undertaken by the Union Ministry of Electronics and Information Technology without following due processes and against the principles of natural justice, the Editors Guild of India said in a statement here. A joint statement issued by the Press Club of India, Press Association, Indian Women Press Corps, Delhi Union of Journalists and the Working News Cameraman Association demanded immediate restoration of the Kashmir Walla and Gaon Savera websites. According to the joint statement, «Apparently, no reason was given for taking such drastic action either to the owners of the websites or the public.

Kaynes Technology on Thursday announced plans to set up a semiconductor assembly parts, testing facility and printed circuit board (PCB) unit on the outskirts of Mysuru. The company MD Ramesh Kannan signed an MoU with Industries Commissioner Gunjan Krishna in the presence of Chief Minister Siddaramaiah and IT/BT Minister Priyank Kharge's presence.

India’s digital public infrastructure (DPI), minister of state for electronics and IT Rajeev Chandrasekhar said in the national capital on Thursday. “Effectively, almost all of the government, and the G2C — government to citizen — interface will be digital over the next two years,” Chandrasekhar said. There has never been a more exciting time for India’s place in tech, the minister said, citing the success of the Chandrayaan-3 moon landing on August 23, which made India the first country to land near the south pole of the moon. It showed India’s capability in executing complex, deep-tech missions with global-standard aptitude and skill, Chandrasekhar said, and this indicates India’s “techade” and the digital economy forming 20-25% of the GDP is a realisable goal. India has an opportunity to become a trusted long-term partner in supply chains, IP and talent, he added.

GST billing software. This article comprehensively explores the pros and cons to understand its impact on businesses. The GST (Goods and Services Tax) billing software is a specialized tool crafted to aid businesses in creating and overseeing invoices while also managing different facets of taxation and compliance associated with GST.

₹7,800 crore to enhance the operational capabilities of the Indian Armed Forces, the ministry said in a statement on Thursday. The ministry said that all procurements will be made from indigenous sources only.

Indian startups have quit their posts this year to date, amid the deepening funding winter and regulatory concerns, a significantly higher number than previous years, the media reported. Data compiled by Fintrackr showed that in the first eight months this year, nearly 20 startup CEOs have left their position to either join a new firm or continue in the same company in a different role. In January, edtech company upGrad's CEO Arjun Mohan quit after a nearly three-year stint. Last month, he joined Byju's to lead its international business. Prashant Jhaveri, chief executive of Flipkart's online pharmacy Flipkart Health+, also left the firm after serving more than a year at the company, reports entrackr. Fintech startup Slash and grocery tech startup Milkbasket are yet to announce their new CEOs. Throttle Aerospace's CEO reportedly stepped down from the company. In March, DailyRounds' CEO Deepu Sebin and FreeCharge's CEO Siddharth Mehta announced their resignation after serving for several years at the helm. In May, all three co-founders including CEO of buy now pay later (BNPL) startup ZestMoney resigned. Some startup founders also quit as CEOs voluntarily or were elevated to a new role. For example, co-working space provider 91Springboard has replaced its CEO Anand Vemuri with Anshu Sarin, the report mentioned. Logistics startup Porter promoted its CEO Pranav Goel to executive vice chairman. Consumer electronic brand boAt, higher education edtech platform DataTrained, and Skincare brand SkinQ also promoted their CEOs to a new role within the company. Some of the startups also saw layoffs. Cuemath laid off 100 employees and re-appointed Manan Khurma as its CEO.