A naukri.com initiative
Business News
Moneyweb
1w
233
Sim Tshabalala rejects Moody’s concerns on Standard Bank
- Standard Bank Group CEO Sim Tshabalala refutes Moody’s concerns regarding the bank's exposure to South African government debt.
- Tshabalala questioned Moody's data leading to their conclusion during a panel discussion at the Africa Unlocked Conference 2025.
- The CEO mentioned that Standard Bank's investment in sovereign bonds is not higher than its competitors and is held for prudential reasons.
- Standard Bank plans to directly engage with Moody's to address the discrepancies in their assessment as the CEO states their data contradicts the negative conclusions.
Read Full Article
13 Likes
Bloomberg Quint
1w
388
Image Credit: Bloomberg Quint
Air India Plane Crash: AAIB's Preliminary Report Expected 'Very Soon', Says Civil Aviation Minister Naidu
- The Aircraft Accident Investigation Bureau's (AAIB) preliminary investigation report on the fatal Air India plane crash in Ahmedabad last month is expected soon, according to Civil Aviation Minister K Rammohan Naidu.
- The Air India Boeing 787-8 aircraft crashed into a medical hostel complex after takeoff from Ahmedabad, resulting in 260 fatalities, with one survivor.
- Under International Civil Aviation Organization norms, AAIB can submit a preliminary report within 30 days of the accident.
- The crash was significant as it marked the first fatal accident resulting in hull loss for the Boeing 787 Dreamliner.
Read Full Article
23 Likes
HinduBusinessLine
1w
346
Image Credit: HinduBusinessLine
Loans given to agri & MSE borrowers against ‘voluntary pledge’ of gold, silver not violation of norms: RBI
- RBI clarified that loans given to agriculture and MSE borrowers against 'voluntary pledge' of gold and silver are not in violation of norms.
- There was confusion among RBI inspection teams regarding classification of loans involving gold and silver as collateral within the PSL norm.
- The current collateral free loan limit for agriculture, including allied activities, is ₹2 lakh per borrower.
- Banks can accept gold and silver as collateral up to the collateral free limit for agriculture and MSE borrowers without violating RBI norms.
Read Full Article
20 Likes
Medium
1w
333
Image Credit: Medium
Emotional Marketing Sells Fast.
- People make purchase decisions emotionally first and justify them with logic later.
- Emotional marketing taps into identity, not intellect, selling belonging, nostalgia, and story.
- Emotionally charged ads are twice as memorable as fact-based ones, sparking loyalty and connection with consumers.
- Brands like Always, Dove, and Spotify have successfully leveraged emotional marketing to create lasting brand loyalty through relatable and meaningful campaigns.
Read Full Article
20 Likes
TechBullion
1w
12
Image Credit: TechBullion
How Much Does a Destination Wedding Planner Cost in India? Your Complete Guide to Beach and Mountain Weddings
- Destination weddings in India offer picturesque settings like beaches in Goa and mountains in Mussoorie.
- Planner fees typically range from 10-15% of the total budget, worth it for stress-free execution.
- Package includes vendor coordination, transportation, guest management, and emergency handling.
- Experienced planners save couples 15-25% on total wedding costs through efficient resource utilization.
- Investing in a wedding planner ensures flawless execution and a stress-free experience for couples.
Read Full Article
Like
HinduBusinessLine
1w
313
Image Credit: HinduBusinessLine
Dmart reports flat Q1 profit, margins slip on higher costs
- Dmart reported a consolidated net profit of ₹773 crore in Q1, remaining unchanged from the previous year. The EBITDA margin dropped to 7.9% from 8.7% a year ago.
- Total revenue for the quarter increased by 16.3% to reach ₹16,360 crore. Revenue growth was impacted by deflation in many staples and non-food products.
- Gross margins decreased compared to the previous year due to competitive intensity in the FMCG sector. Operating costs rose by over 17% due to investments in service levels, capacity building, and wage inflation.
- Like-for-like growth declined to 7.1% from 9.1% the previous year. The retailer opened 9 new stores during the quarter, totaling 424 stores by June. Revenue primarily came from foods (over 55%), followed by general merchandise and apparel.
Read Full Article
17 Likes
Moneyweb
1w
114
SAPS crisis: Can Ramaphosa restore trust in law enforcement?
- South Africa's security sector faces a crisis of confidence following serious allegations.
- KwaZulu-Natal Police Commissioner accuses Police Minister of obstructing probes and colluding.
- President Ramaphosa to address the nation amid nationwide debate on policing and corruption.
- Trust in law enforcement at a low, with concerns about impact on day-to-day crime fighting.
- Challenges ahead for leadership, credibility, and potential regional instability in KwaZulu-Natal.
Read Full Article
6 Likes
Guardian
1w
46
Image Credit: Guardian
Rachel Reeves to try to reassure City investors after unexpected UK GDP fall
- Rachel Reeves aims to reassure City investors on UK's GDP fall at Mansion House speech.
- UK economy shrank by 0.1% in May due to declines in manufacturing and construction.
- Reeves plans to emphasize Labour's growth plans and commitment to delivering security.
- Economists suggest activity shifts around tax changes and tariffs impacted GDP figures inaccurately.
Read Full Article
2 Likes
Baystreet
1w
97
Image Credit: Baystreet
Trump Slaps Tariffs on Canada, Shares Dwindle
- Toronto's main stock index opened lower on Friday as President Donald Trump announced a 35% tariff on Canada, impacting market sentiments.
- The TSX Composite Index lost 98.51 points while the Canadian dollar dropped to 72.97 cents U.S.
- Trump's decision to increase tariffs on Canada from 25% to 35% rattled investors, with implications for trade agreements and market stability.
- Despite better-than-expected employment data in June, uncertainty remains as major averages dropped, with concerns about future tariffs and market impact.
Read Full Article
5 Likes
HinduBusinessLine
1w
88
Image Credit: HinduBusinessLine
Adani Group to restore historic Kumartuli Ghat in Kolkata
- Adani Group has partnered with a cultural society in Kolkata to restore the historic Kumartuli Ghat, known for its idol-making tradition.
- The initiative aims to make the ghat cleaner, safer, and more accessible to artisans, locals, and tourists to rejuvenate one of the city's iconic riverfronts.
- A Memorandum of Understanding was signed between SMPK and Adani Ports and SEZ Ltd for the restoration, redevelopment, and beautification of the ghat along the Hooghly river.
- The project, under a public-private partnership, focuses on heritage-compliant redevelopment and environmental sustainability to revive Bengal's artistic legacy.
Read Full Article
5 Likes
HinduBusinessLine
1w
374
Image Credit: HinduBusinessLine
Government monitoring production targets at Foxconn: Sources
- Around 300 Chinese technology professionals facilitating production at Foxconn plants in Southern India have returned to China, leading to concerns about potential disruptions in the production of the upcoming iPhone 17 series.
- Government sources mentioned that the situation is being monitored, stating that Apple has alternatives to handle the issue as it primarily concerns Apple and Foxconn.
- Indian-made iPhones are primarily produced at Foxconn's factory in Tamil Nadu and Tata Electronics, with plans for expansion to increase production capacity.
- Apple's Indian exports, including iPhones, are increasing, with the company announcing that all iPhones sold in the US during the June quarter will be shipped from India.
Read Full Article
18 Likes
Bloomberg Quint
1w
375
Image Credit: Bloomberg Quint
Central Support To Meghalaya Increased 231% In A Decade: Sitharaman
- Union Finance Minister Nirmala Sitharaman announced a 23% increase in central financial support to Meghalaya over the past 10 years.
- Between 2014 and 2024, Meghalaya received Rs 89,335 crore in tax devolution and Grants-in-Aid, a significant increase from the Rs 26,973 crore received between 2004 and 2014.
- Tax devolution alone increased by 572%, jumping from Rs 7,273 crore to Rs 48,883 crore in the last decade. Grants-in-Aid also rose notably from Rs 19,700 crore to Rs 40,452 crore.
- The financial assistance has led to the transformation of Meghalaya's development landscape, empowering the state to undertake infrastructure projects, enhance connectivity, and improve public services in education and healthcare.
Read Full Article
22 Likes
HinduBusinessLine
1w
245
Image Credit: HinduBusinessLine
CAI increases cotton stocks for 2024-25 season to 55.5 lakh bales
- CAI estimates closing stocks of cotton for the current 2024-25 season to be around 55.59 lakh bales, significantly higher than the previous year.
- The total cotton supply till the end of June is estimated at 356.76 lakh bales, with consumption at 233.5 lakh bales and exports at 15.25 lakh bales.
- CAI projects total cotton supply for the entire 2024-25 season at 380.59 lakh bales, with domestic consumption expected to be at 308 lakh bales and exports at 17 lakh bales.
- Imports of cotton for 2024-25 are estimated to be 39 lakh bales, more than double the previous year, with cotton sowing progressing well in key producing States.
Read Full Article
14 Likes
Bloomberg Quint
1w
367
Image Credit: Bloomberg Quint
Earthquake Tremors Felt Again In Delhi-NCR
- Earthquake tremors were felt in Delhi and the adjoining NCR region, originating from the Jhajjar region in Haryana with an intensity of 3.7 on the Richter scale.
- This occurred a day after a 4.4 magnitude earthquake struck the same area, causing tremors felt across several districts.
- Areas like Rohtak, Gurugram, Panipat, Hisar, and Meerut were also affected by the recent seismic activities on July 10th.
- The news article is not eligible for a web story as it lacks details or updates beyond the occurrence of the earthquake tremors in Delhi-NCR.
Read Full Article
22 Likes
For uninterrupted reading, download the app