A naukri.com initiative
Business News
Bloomberg Quint
2w
254
Image Credit: Bloomberg Quint
Quick Commerce Eyes Tier-2 Cities As Next Growth Driver Amid Competitive, Regulatory Headwinds, Notes Emkay
- Quick Commerce is focusing on tier-2 cities for growth, despite competitive and regulatory challenges, according to brokerage firm Emkay.
- Tier-2 cities are becoming economically viable for Quick Commerce due to lower costs, making breakeven thresholds lower than in metros.
- E-commerce giants are integrating Quick Commerce features into their platforms, with large retailers adopting a hybrid model to fulfill orders from existing stores.
- Quick Commerce players are shifting focus to profitability by increasing average order value through high-margin categories, despite facing competition and execution challenges.
Read Full Article
15 Likes
HinduBusinessLine
2w
43
Image Credit: HinduBusinessLine
India close to discovering Guyana-scale oil field in Andamans: Oil Minister
- India is close to discovering a Guyana-scale oil field in the Andaman Sea, according to the Oil Minister.
- The country aims to increase exploration acreage significantly by 2030, supported by policy reforms like shifting to a Revenue Sharing Model.
- Key initiatives such as reducing 'No-Go' areas and national data acquisition programs are strengthening the exploration sector.
- India's comprehensive strategy includes diversifying crude import sources, boosting domestic production, and expanding refining and petrochemical capacity.
Read Full Article
2 Likes
Guardian
2w
314
Image Credit: Guardian
UK government abandons energy ‘zonal pricing’ plan
- The UK government has decided to abandon the 'zonal pricing' plan for electricity, opting for a single national price instead.
- The zonal pricing system would have meant different areas paying different rates based on local supply and demand, with the aim of incentivizing relocation of heavy electricity users.
- After a lengthy consultation since 2022, the energy department confirmed the abandonment of zonal pricing, stating that a national pricing system would be fairer, more affordable, and efficient.
- The decision has ended a dispute within the industry, with supporters and opponents of zonal pricing presenting their arguments based on market efficiency, costs, and the UK's carbon-free power sector goals.
Read Full Article
18 Likes
Moneyweb
2w
427
Trump unveils new tariff rates, including 50% levy on Brazil
- Trump announces new tariff rates, imposing 50% levy on Brazil, along with other countries.
- Brazil targeted due to treatment of former President Bolsonaro; other countries facing varying rates.
- Trump's tariff notifications sent to signal issues could impact trade agenda; criticisms raised.
- Market reaction mixed; real slumps, while Trump extends deadline for reciprocal tariffs negotiations.
Read Full Article
25 Likes
Bloomberg Quint
2w
336
Image Credit: Bloomberg Quint
Buy, Sell, Or Hold: Brijesh Ail's Insights On Time Techno, CAMS, And CEAT
- Brijesh Ail, Head of Technical and Derivatives at IDBI Cap, recommends buying Time Technoplast Ltd., Computer Age Management Services Ltd., and Ceat Ltd.
- For Time Technoplast, the recommendation is to buy at the current market price with a stop loss at Rs 436 and a target of Rs 475.
- For Computer Age Management Services Ltd., buying is advised at the current market price with a stop loss at Rs 4,151 and a target of Rs 4,450.
- For Ceat Ltd., the suggestion is to buy at the current market price with a stop loss at Rs 3,709 and a target of Rs 4,100.
Read Full Article
20 Likes
HinduBusinessLine
2w
241
Image Credit: HinduBusinessLine
Govt likely to soon compensate oil firms for LPG losses
- The Indian government is likely to compensate oil marketing companies for under-recoveries on LPG, with the finance ministry working on the details.
- No provision was made in the 2025-26 Union Budget for compensating under-recoveries, but the government raised excise duty on petrol and diesel to generate additional revenue for this purpose.
- The compensation for LPG under-recoveries is expected to come from the additional revenue garnered through the excise duty hike.
- The compensatory funds are likely to be routed through the consolidated fund of India after the proposal is firmed up and approved by the Cabinet.
Read Full Article
14 Likes
Bloomberg Quint
2w
271
Image Credit: Bloomberg Quint
Still Waiting For EPF Interest Credit? Here’s What You Can Do
- The EPFO has initiated the process of transferring the interest amount for FY 2024-25 to EPF subscribers' accounts, and the process will be completed soon.
- The Finance Ministry has approved an interest rate of 8.25% for the year, and the interest will be credited soon, although there might be some delay in the process.
- EPFO members can check the status online and take corrective measures in case of any discrepancy in the interest credited to their accounts.
- Labour Minister Mansukh Mandaviya mentioned that EPFO is expected to finish crediting the 8.25% interest for the financial year 2024-25 into members' accounts by the end of the week.
Read Full Article
16 Likes
HinduBusinessLine
2w
354
Image Credit: HinduBusinessLine
Gentari, Shell partner to expand EV charging access across India
- Gentari and Shell announced a partnership to expand EV charging access across India, enabling users to access over 450 chargers through the Gentari Go app and Shell Recharge.
- The integration aims to enhance EV charging accessibility by enabling roaming between Gentari Go and Shell Recharge, offering real-time charger availability and specifications via the app.
- Gentari Go provides access to a network of over 5,000 charging points in India, Malaysia, and Thailand, with over 3,000 in India alone, further bolstered by Shell Recharge infrastructure in key Indian cities.
- The partnership focuses on promoting low-carbon mobility, improving infrastructure reliability, and accelerating EV adoption in India, providing interoperable and convenient access to charging points at Shell fuel stations and enhancing the overall customer experience.
Read Full Article
16 Likes
Bloomberg Quint
2w
327
Image Credit: Bloomberg Quint
Explained: The 'Fake Wedding' Trend Viral On Social Media And Why Indians Are Going Gaga
- Fake weddings are the latest trend in urban areas, mimicking traditional Indian weddings.
- These events offer all the fun without the couple, commitments, or family drama.
- Urban youth embrace the trend for celebration, creativity, and content creation opportunities.
- Professional organizers host ticketed fake weddings, appealing not only in India but also abroad.
Read Full Article
19 Likes
HinduBusinessLine
2w
568
Image Credit: HinduBusinessLine
Mittal Builders, HoABL to invest ₹2,000 cr on 11-acre project in Mumbai region
- Mittal Builders and House of Abhinandan Lodha (HoABL) have entered a Joint Development Agreement (JDA) to co-develop an 11-acre project in the Mumbai region, comprising over 4,600 apartments and high-street retail.
- The project, expected to be launched in the second quarter of 2025-26, involves a planned investment of ₹2,000 crore and a gross development value (GDV) of over ₹3,000 crore over the next 3-5 years.
- Rahul Mittal, Promoter of Mittal Builders, highlighted Naigaon as a key growth center in Mumbai. The JV aims to accelerate Naigaon's development into an urban destination by leveraging both companies' strengths.
- Mittal Builders has a portfolio exceeding 50 million sq. ft. across various cities, while HoABL, established in 2020, has delivered 15 million sq. ft. of developed land primarily in plotted development and now expanding into group housing.
Read Full Article
22 Likes
Bloomberg Quint
2w
370
Image Credit: Bloomberg Quint
Kanwar Yatra 2025: Noida Police Issues Traffic Advisory; Diversions, Road Closures From July 11-25
- Noida Police issues traffic advisory for Kanwar Yatra 2025 from July 11 to 25, introducing diversions and road closures to manage the anticipated influx of Kanwariyas and ensure smooth vehicular movement.
- Road diversions and closures primarily affect vehicles in Noida and Greater Noida, with exemptions for essential services like ambulances and public transport.
- Trucks rerouted through Eastern Peripheral Expressway, vehicles redirected from DND Flyway, and MP-01 elevated road usage shifted during this period.
- Commuters advised to stay updated through official channels, plan alternate routes, and use provided helpline numbers for real-time traffic assistance during the pilgrimage.
Read Full Article
22 Likes
Bloomberg Quint
2w
326
Image Credit: Bloomberg Quint
Mid-Cap Stocks To Buy, Sell, Hold: Force Motors, Grindwell Nortan, Time Technoplast — Check Target Price
- Leading market experts recommended three midcap stocks for Thursday: Force Motors Ltd., Grindwell Nortan Ltd., and Time Technoplast Ltd.
- Shahina Mukadam sees Grindwell Nortan as a long-term investment pick with a strong balance sheet, advising to hold the stock.
- Kush Bohra's top pick is Force Motors, suggesting to hold the stock, book some profit, and set a stoploss at the Rs 14,600-mark.
- Bohra also recommends Time Technoplast, advising to stay invested in the stock and look for target prices of Rs 485 and Rs 525.
Read Full Article
18 Likes
HinduBusinessLine
2w
279
Image Credit: HinduBusinessLine
ONDC onboards private bus ticketing solutions provider Katch Mobility
- ONDC Network onboards private bus ticketing solutions provider Katch Mobility for intracity bus ticketing in 10 cities across India.
- Commuters in 5 cities in Gujarat can now book city bus tickets through Katch Mobility's Android app or smart PoS machines integrated with the ONDC Network.
- Private bus operators like Yogi EduTransit, Bansi Travels, Raghuveer Travels, and Digvijay Enterprise are now discoverable on the ONDC Network for bus ticket sales.
- Officials believe the integration of Katch Mobility onto the ONDC Network will enhance urban transport accessibility, digitization, and transparency, benefiting both commuters and service providers.
Read Full Article
16 Likes
HinduBusinessLine
2w
51
Image Credit: HinduBusinessLine
Sensex, Nifty 50 fall ahead of TCS Q1 results; Wipro, Tech Mahindra & Infosys among top losers
- Sensex and Nifty 50 fell with Sensex down 0.32% at 83,266.03 and Nifty 50 dropping 0.26% to 25,408.60.
- IT stocks like Wipro, Tech Mahindra, and Infosys were among the top losers, trading in the red.
- Maruti Suzuki, Jio Financial, IndusInd Bank led gainers of Nifty 50, while Bharti Airtel, Cipla, Wipro, Tech Mahindra, and Infosys saw depreciation.
- Various stocks hit 52-week highs and lows, with midcap and smallcap stocks showing mixed movements.
Read Full Article
3 Likes
Bloomberg Quint
2w
298
Image Credit: Bloomberg Quint
ICICI Prudential Life Shares Pare Losses After Q1 New Business Premium Rise
- ICICI Prudential Life Insurance reported a mixed business update for the April–June quarter with the annual premium equivalent falling by 5%.
- Despite the decrease in APE, new business premiums grew by 6.5% year-on-year during the first quarter of financial year 2026.
- ICICI Prudential Life Insurance's share price initially declined by 2.57% but recovered slightly after the update, trading 1.2% lower at Rs 671.4 apiece.
- Analysts have varying recommendations on the company, with 13 maintaining a 'buy' rating, 10 recommending a 'hold', and two suggesting 'sell'.
Read Full Article
17 Likes
For uninterrupted reading, download the app