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Bloomberg Quint
4d
316
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Piyush Goyal: FTAs With Australia, UAE, UK To Give More Market Access To Indian Agri Sector
- India's Commerce and Industry Minister Piyush Goyal stated that free trade agreements with developed markets like Australia, UAE, and UK will offer increased market access to the Indian agricultural sector.
- Despite the global economic slowdown, India's agriculture, animal husbandry, and fishery exports amounted to Rs 4 lakh crore.
- India has already implemented trade agreements with Australia and the UAE in 2022. Additionally, an FTA with the European Free Trade Association (EFTA) is expected to be implemented later this year.
- A trade pact with the UK was recently announced and is anticipated to be signed soon. EFTA comprises Iceland, Liechtenstein, Norway, and Switzerland.
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Bloomberg Quint
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405
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Work-Life Balance: Slog Beyond 9 Hours? Then Pay More, IT Staff Union Leader To Employers
- IT staff union leader in India, Rahul Das, advocates for fair compensation for working beyond 9 hours to improve work-life balance according to labour laws.
- Clinical psychologist Shreya Manot emphasizes the importance of allowing flexibility in working hours as rigid timelines can hinder productivity and autonomy.
- Neeti Sharma, CEO at Teamlease Digital, highlights that trust and support are crucial for enhancing performance, especially in a hybrid work environment.
- Das suggests that companies should align their policies with labor laws, pay employees for overtime work, and ensure fair compensation to maintain a balance between employers and employees.
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Bloomberg Quint
4d
24
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Samsung Galaxy Z Flip 7 Price In India, US, UK, Europe, UAE
- Samsung has unveiled the Galaxy Z Flip 7, a new clamshell-style foldable device, featuring a slimmer design than its predecessor, the Z Flip 6.
- The Galaxy Z Flip 7 is available for pre-order starting July 9 and will be generally available from July 25.
- The prices of the Galaxy Z Flip 7 in various regions are as follows: In India, starting at Rs 1,09,999; in the US from $1,099; in the UK from £1,049; in Europe from €1,199; and in the UAE at Dh4,299.
- Key specs of the Samsung Galaxy Z Flip 7 include a 4.1-inch Super AMOLED cover display, a 6.9-inch Dynamic AMOLED main display, a 4,300mAh battery, and a combination of 50MP wide and 12MP ultrawide rear cameras.
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Bloomberg Quint
4d
384
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Apple Readies First Upgrade To Its Struggling Vision Pro Headset
- Apple plans to upgrade the Vision Pro headset with a faster processor.
- The new model aims to improve performance, comfort, and AI capabilities.
- Upcoming changes include a new strap for better wearability and reduced weight in 2027.
- The updates target corporate users and app developers, with a new visionOS 26.
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Bloomberg Quint
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DRDO Signed 2,000 Tech Transfer Deals, 200 Production Licenses In 2024
- The Defence Research and Development Organisation (DRDO) has enhanced India's self-reliance in defence manufacturing by signing over 2,000 licensing agreements for technology transfer and issuing more than 200 production licenses in 2024.
- Private industries are actively contributing core technologies under the Technology Development Fund scheme, with DRDO providing financial support of up to Rs 50 crore per system and technical guidance.
- Over 130 industries have been identified as development partners or production agencies in the last five years, strengthening indigenous defence capabilities.
- The CII Manufacturing Conclave East in Kolkata discussed CII's Market Facilitation Services initiative to help Indian industries expand globally, with insights from industry leaders emphasizing the importance of manufacturing alignment with logistics.
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Bloomberg Quint
4d
171
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SEBI Mulls Allowing CRAs To Rate Instruments Outside Its Regulatory Purview
- SEBI proposes allowing CRAs to rate instruments beyond its regulatory purview.
- CRAs may rate products under guidelines of other financial sector regulators, subject to conditions.
- SEBI suggests separate units for non-regulated activities and compliance with regulatory frameworks.
- Public comments invited until July 30 on the proposal to expand CRA activities.
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Bloomberg Quint
4d
357
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Trump Tariffs On 21 Countries: Sri Lanka, Japan, Indonesia, South Africa And More — Check Full List
- US President Donald Trump has imposed a fresh round of tariffs on seven countries including Sri Lanka, Philippines, Brunei, Moldova, Algeria, Iraq, and Libya, with varying percentages set to come into effect from Aug. 1.
- These new tariffs are part of a larger wave of tariffs targeting 21 countries, with rates ranging from 20% to 40%, impacting countries such as Japan, South Korea, and Indonesia.
- Trump is open to negotiations with the affected countries before the Aug. 1 deadline, but emphasized that the tariffs will not be extended beyond that date.
- The rationale behind the tariffs, as stated by Trump, is to address years of unfavorable trade imbalances and barriers, with the hope of correcting unsustainable trade deficits against the US.
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Bloomberg Quint
4d
521
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Samsung Eyes India For Manufacturing Amid US Tariff Uncertainty
- Samsung is considering India for manufacturing due to US tariff uncertainty.
- The company is ready to diversify its production across multiple locations, including India.
- Trump administration's trade policies create high uncertainty prompting Samsung's strategic planning.
- Samsung aims for business and price stability by shifting production strategically.
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Bloomberg Quint
4d
1
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India Drafts Guidelines To Boost Domestic Rare Earth Production, Reduce China Dependence
- India is drafting guidelines to boost domestic production of rare earth minerals and magnets to reduce dependence on China for critical inputs used in sectors such as telecom and EV.
- Ministries of heavy industries and mines are collaborating on a scheme to incentivize the production of rare earth minerals and magnets for both private and public sector undertakings.
- China, a major exporter of rare earth magnets, imposed restrictions on shipments of these elements, affecting countries like India, which heavily rely on Chinese imports for magnets.
- Rare earth minerals like samarium, gadolinium, terbium, dysprosium, and lutetium are crucial for various technologies including electric motors, braking systems, smartphones, and missile technology.
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Bloomberg Quint
4d
380
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Don't Aggressively Push Loans, Keep Interest Rates Reasonable: FM To NBFCs
- Finance Minister Nirmala Sitharaman urged NBFCs to refrain from aggressively marketing loans and to keep interest rates at reasonable levels.
- She emphasized the importance of financial inclusion without exploiting customers, advising NBFCs to follow RBI's loan recovery norms and lending based on genuine needs and repayment capacity.
- Sitharaman highlighted the need for a sustainable business model, risk management, and focus on liquidity and credit risks within NBFCs.
- NBFCs are expected to play a significant role in sectors like green initiatives and affordable housing, with their strong fundamentals and improving asset quality post-pandemic.
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Bloomberg Quint
4d
85
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JSW MG Motor Says Rare Earth Magnet Shortage Won't Impact Production In Near Future
- JSW MG Motor India states rare earth magnet shortage won't affect production soon.
- Global rare earth magnets scarcity not currently impacting JSW MG Motor.
- China's magnet supply restrictions affecting both EV and ICE vehicle makers.
- Company plans to set up 14 premium car showrooms in 13 key cities.
- JSW MG Motor emphasizes working closely with government to address supply issues.
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Bloomberg Quint
4d
255
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DFS Flags Key Challenges for NBFCs, Urges Fair Lending Practices
- Department of Financial Services Secretary, M Nagaraju, encourages NBFCs to uphold fair and ethical lending practices amidst mounting operational and regulatory challenges.
- The government is actively engaging with stakeholders to address risks and challenges in the NBFC sector, including funding reliance on banks, liquidity issues, and taxation complexities.
- DFS is committed to working on sustainable solutions by discussing challenges, opportunities, and innovations within the NBFC ecosystem with relevant authorities.
- Nagaraju advises NBFCs to consider consolidation, strengthen balance sheets, invest in capacity building, and implement global best practices in governance and risk management.
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Bloomberg Quint
4d
60
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Samsung Galaxy Z Fold 7 Price In India, US, Canada, UK, Europe, UAE
- Samsung has unveiled the Galaxy Z Fold 7 featuring a thin, light, and flexible design with advanced AI-powered camera and creaseless display.
- The Galaxy Z Fold 7 prices vary globally, with the starting price in India at Rs 1,74,999, in the US at $1,999, in Canada at $2,499, in the UK at £1,799, in Europe at €2,099, and in the UAE at Dh7,599.
- Key specifications of the Galaxy Z Fold 7 include Snapdragon 8 Elite chipset, a 200MP primary camera, 16GB/1TB storage option, 4,400mAh battery, and Armor FlexHinge protection.
- The article is eligible for web story generation.
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Bloomberg Quint
4d
345
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CCI Imposes Fine Of Rs 4 Lakh On Carlyle And Bequest
- The Competition Commission of India (CCI) imposed a fine of Rs 4 lakh on Carlyle and Bequest for incorrectly using the green channel route to acquire stakes in engineering services firm Quest Global Services.
- Carlyle and Bequest's combination did not meet the criteria of the Green Channel as prescribed under the combination regulations.
- Carlyle's affiliate CA Plume Investments and Bequest Inc submitted a notice under the green channel route for the acquisition of equity stakes in Quest Global Services, leading to the penalty.
- The acquirers admitted their error, apologized, and have been directed to pay the penalty within 60 days and submit a fresh notice under the correct format within 30 days.
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Bloomberg Quint
4d
275
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Powell’s Successor May Struggle To Deliver The Rate Cuts Trump Wants
- Trump's desire for rate cuts may face challenges with the next Fed chair.
- Investors are betting on rate drops post Powell's term, driven by Trump's influence.
- New chair will need support for rate adjustments from FOMC members amid differing views.
- Multiple contenders for Fed chair job, including those echoing Trump's call for rate cuts.
- Fed officials divided on rate cuts due to differing views on inflation and tariffs.
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