future supply

The Future group's warehousing and logistics requirements are managed by Future Supply Chain Solutions and were once considered critical to the operations of the group

Reliance Retail, 6 others submit EoIs for Future Supply Chain Solutions

Business Standard

Samsung

In 2021, the electronics major had claimed a sum of Rs 900 crores as incentive for completing Rs 15,000 crore worth of additional sales than the previous year

Samsung may lose PLI scheme incentives for 1st yr due to invoicing issues

Indian ocean, sea

Indian Deputy NSA sent out an indirect message about the Chinese activity in the South China Sea at Shangri La dialogue

UNCLOS violation damages trust; Choke points in IOR crucial: Dy NSA Misri

FPIs

Foreign Portfolio Investors (FPIs) pumped in Rs 43,838 crore in Indian equities in May, the highest level in nine months, supported by strong macroeconomic fundamentals, and reasonable valuations.
FPIs continued the buying stance in June too, and invested Rs 6,490 crore in just two trading sessions of the month, data with the repositories showed.
VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said that inflow by FPIs will continue in the current month since the latest GDP data and high-frequency indicators reflect a robust economy gaining further strength.
According to the data, FPIs invested a net sum of Rs 43,838 crore in the Indian equities in the entire month of May.
This is the highest level of investment by FPIs in the last nine months. Before this, they put in a net sum of Rs 51,204 crore in equities in August 2022, data showed.
This came following a net infusion of Rs 11,630 crore in equities in April and Rs 7,936 crore in March.
The March inves

Foreign Portfolio Investors (FPIs) pumped in Rs 43,838 crore in Indian equities in May, the highest level in nine months, supported by strong macroeconomic fundamentals, and reasonable valuations.

FPIs investment hit 9-month high in May on strong domestic macro-outlook

Press Trust of India

Tata motors

Tata Motors expects the passenger vehicle industry growth to moderate to 5-7 per cent in the current financial year as compared with 27 per cent sales growth in the last financial year with dip in pent-up demand, according to a top company executive.
In order to sustain growth, the auto major is looking to introduce new products including CNG and electric models, while bolstering its existing range with new interventions.
In an analyst call, Tata Motors Managing Director, Passenger Vehicle and Electric Vehicles, Shailesh Chandra noted that pent-up demand in the passenger vehicle segment has now clearly gone down, barring certain new launches in a few popular sports utility vehicle segments.
He noted that due to pent-up demand and low inventory levels last fiscal, the industry reported a steep growth of 27 per cent year on year as compared with FY22.
"This year (2023-24)...growth would be slightly moderate in the zone of 5 to 7 per cent. But I'm sure that beyond this financial year,

Tata Motors expects the passenger vehicle industry growth to moderate to 5-7 per cent in the current financial year as compared with 27 per cent sales growth in the last financial year with dip in pent-up demand, according to a top company executive.

Expect PV segment growth to moderate to 5-7% this fiscal: Tata Motors

A large drug firm has 12-15 therapy divisions, and if each launches a few drugs, the company brings to the market 30-50 brands a year.

pharma, medicine, drugs

One of the key FDCs banned by the Centre includes a commonly used medication - Nimesulide and paracetamol combination - which is used to relieve pain and fever

Centre bans 14 more fixed dose combination drugs on expert recommendation

Reliance, Reliance Industries

The combined market valuation of seven of the top-10 most-valued firms eroded by Rs 65,656.36 crore last week, with Reliance Industries taking the biggest hit, amid a muted trend in domestic equities.
Last week, the BSE benchmark gained 45.42 points or 0.07 per cent, and the Nifty climbed 34.75 points or 0.18 per cent.
While Reliance Industries, Tata Consultancy Services (TCS), HDFC Bank, ICICI Bank, ITC, Infosys and HDFC were the laggards, Hindustan Unilever, State Bank of India and Bharti Airtel witnessed addition in their market valuations.
The market valuation of Reliance Industries eroded by Rs 34,910.54 crore to Rs 16,60,923.11 crore.
ICICI Bank's valuation tumbled Rs 9,355.65 crore to Rs 6,55,197.93 crore and that of Infosys fell by Rs 7,739.51 crore to Rs 5,38,923.48 crore.
The market capitalisation (mcap) of TCS declined by Rs 7,684.01 crore to Rs 12,10,414.19 crore and that of HDFC Bank dived Rs 5,020.13 crore to Rs 8,97,722.23 crore.
ITC's valuation dipped Rs 621.4 cro

The combined market valuation of seven of the top-10 most-valued firms eroded by Rs 65,656.36 crore last week, with Reliance Industries taking the biggest hit, amid a muted trend in domestic equities.

Mcap of 7 most-valued firms erodes by Rs 65,656 cr; RIL biggest laggard

Lionel Messi

Lionel Messi didn't care about the boos in his final game for Paris Saint-Germain as the French league champion lost to Clermont 3-2.
Disrespectful PSG supporters booed Messi when the Parc des Princes announcer read his name on a warm evening.
A few minutes later, Messi walked onto the field with a smile on his face, holding his three children's hands before the team photo and kissing them on their foreheads before kickoff.
I would like to thank the club, the city of Paris and its people for these two years. I wish you all the best for the future, Messi told the club website.
In two seasons at PSG, Messi won two French leagues and the French Champions Trophy and notched 32 goals and 35 assists in all competitions.
Messi scored in a 1-1 draw at Strasbourg a week ago to help PSG clinch a record-extending 11th French league title. By notching a 496th career league goal, the Argentine genius also broke Cristiano Ronaldo's scoring record for Europe's top five leagues.
The World Cup wi

Lionel Messi didn't care about the boos in his final game for Paris Saint-Germain as the French league champion lost to Clermont 3-2.

Lionel Messi leaves team amid boos after final match: Club website

Goa: Notification for Dy Speaker poll withdrawn amid Cong split rumours

Goa assembly

A section of the ST community of Goa has threatened to boycott the Lok Sabha election 2024, if the govt fails to provide them political reservation in state assembly

Goa's ST community seeks political quota, threatens to boycott LS polls

IANS

Kerala beach

Goa will create 12 co-working spaces called 'Sea Hubs' alongside the beaches to provide a conducive work environment to professionals and also offer them an opportunity to rejuvenate amidst the natural beauty of the coastal landscape, state minister Rohan Khaunte has said.
The aim is to provide a healthy work-life balance through this facility and other innovative concepts, the information and technology minister said at the ongoing StartUp20 Engagement Group meeting in Goa on Saturday.
The state government also plans a complete operationalisation of the Electronic Manufacturing Cluster at Tuem (in North Goa) and attract investments, he said.
To promote a healthy work-life balance, we are introducing Sea Hubs  co-working spaces located at 12 scenic beach locations. These hubs will not only provide a conducive work environment, but also offer the opportunity to rejuvenate amidst the natural beauty of our coastal landscape, Khaunte said, addressing a gathering in the presence of Union

Goa will create 12 co-working spaces called 'Sea Hubs' alongside the beaches to provide a conducive work environment to professionals and also offer them an opportunity to rejuvenate amidst the natural beauty of the coastal landscape, state minister Rohan Khaunte has said.

Goa to create Sea Hubs for professionals to work, rejuvenate on beaches

Zimbabwe is now considered the most miserable country according to Steve Hanke's Annual Misery Index. But where does India stand? Watch this video to know

Take a look at the world's 'most miserable' countries

Sebi has come out with a consultation paper on the expense ratios of mutual funds. As the industry grows, Sebi wants fund houses to share economies of scale with customers.

'Sebi is keen that AMCs share the benefits of larger AUM with customers'

From PAN-Aadhaar linking to Higher EPS pension deadlines, the month of June will see a number of changes that would affect the common man. 

Let's take you through some of the changes

9 Game-Changing June Updates That Will Shake Your Wallet

Apple's new stores in Delhi & Mumbai have grossed monthly sales of more than Rs 22-25 crore each. Industry experts have said that the figure is around twice the sale of an electronics store in India

Record-breaking sales: Apple's India stores reach Rs 25 cr monthly revenue mark

When you buy any item, you may pay for it using an appropriate currency note. But have you ever wondered what the cost of printing that currency note is? Watch the video to find out

Explained: How much does it cost to print rupees?

On 21st May, 2023, Bhanu Rekha, a young employee at Infosys, lost her life in a distressing incident caused by heavy rainfall. India's bustling tech capital, where infra deficiencies are rampant

Explained: How infra stress, bad roads are killing Brand Bengaluru

Maruti Suzuki (MS) is all set to bring its much-awaited, five-door off-roader Jimny into the market on June 7. Here's all you need to know about the new Gypsy.

Maruti Suzuki Jimny 2023 | All you need to know about the new Gypsy

In a recent run-off election, Recep Tayyip Erdogan emerged victorious securing another five-year term as the president of Turkey. 
Watch the video to know more about his challenges.

Turkey election 2023: Erdogan wins another term as president but challenges remain

Employees Provident Fund or EPF is a mandatory savings and retirement scheme for employees of an eligible organisation, which can be used as a corpus post-retirement.

How To Withdraw PF Advance Online? Here's A Step-By-Step Guide

From US to Australia, investors from 21 nations get angeltax exemption. Watch the video to dive into the details and explore what exactly this angel tax is all about.

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