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

CII logo

Private sector investment is set to witness a significant increase, as capacity utilisation in several key sectors has already crossed 80 per cent and economic growth is estimated to be 6.7 per cent in the current financial year, newly elected CII President R Dinesh said on Sunday.
He also exuded confidence that the Reserve Bank of India (RBI) will maintain status quo on interest rate in the next bi-monthly monetary policy to be announced later this week.
On why the government unsuccessfully keeps on nudging private companies to increase investment, the CII president told PTI that the period between 2016 to 2019, was not good for growth and in 2020 there was COVID.
"We have circumstances beyond our control which hampered demand  We did come out of the COVID much faster," he said, adding there are signs of improvement.
Citing the CII's annual CEOs survey, he said all sectors have crossed 75 per cent capacity utilisation and the figure was 80 per cent in key sectors like cement, stee

Private sector investment is set to witness a significant increase, as capacity utilisation in several key sectors has already crossed 80 per cent and economic growth is estimated to be 6.7 per cent in the current financial year, newly elected CII President R Dinesh said on Sunday.

Private sector investment set to witness significant increase: R Dinesh

Press Trust of India

Artificial intelligence, jobs, AI, ChatGPT, technology

Asserting that the future belongs to those who lead in technology, an Indian-American Google executive has said that the Indian government should build institutions that would create technologies of the future and also set up a venture fund.
Countries, which lead in technology, are leaders and they solve, generate wealth for the people and take people out of poverty, Navneet Mathur, director, People Operations at Google's Artificial Intelligence and Machine Learning wing, said ahead of Prime Minister Narendra Modi's state visit to the US later this month.
Modi will embark on his state visit to the US next month on an invitation by President Joe Biden and First Lady Jill Biden. The US president and the First Lady will also host Modi at a state dinner on June 22.
The future belongs to those who hold the power on technology. Look around, if the US is leading and China is leading and South Korea is leading, and Japan is leading, they're largely leading because the leadership in the mode

Asserting that the future belongs to those who lead in technology, an Indian-American Google executive has said that the Indian government should build institutions that would create technologies of the future and also set up a venture fund.

India must build institutes for tech of future: Indian-American Google exec

Sustainable or ESG (environmental, social, and governance) focused mutual funds, which are in a nascent stage in India, have seen their asset base declining by Rs 2,020 crore in fiscal 2022-23 even as experts hope such funds will attract greater attention in coming years.
ESG investing is gaining traction globally, and India is also witnessing an increased awareness and interest in sustainable and responsible investment practices. At present, there are 12 mutual fund schemes in India having ESG as their theme.
"With growing concerns about environmental and social issues, coupled with regulatory initiatives to promote ESG investing, the demand for ESG funds is expected to rise in the future. As more investors recognize the potential for both financial returns and positive impact, ESG funds are likely to attract greater attention and witness further growth," Gopal Kavalireddi, Research Head of FYERS, said.
Kaustubh Belapurkar, Director - Manager Research, Morningstar India, also ...

Sustainable or ESG (environmental, social, and governance) focused mutual funds, which are in a nascent stage in India, have seen their asset base declining by Rs 2,020 crore in fiscal 2022-23 even as experts hope such funds will attract greater attention in coming years.

Investors still warming up to ESG-focussed funds; asset base drops in FY23

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

real estate

As many as 379 infrastructure projects, each entailing an investment of Rs 150 crore or more, have been hit by cost overruns of more than Rs 4.64 lakh crore in April 2023, an official report said.
According to the Ministry of Statistics and Programme Implementation, which monitors infrastructure projects worth Rs 150 crore and above, out of 1,605 projects, 379 reported cost overruns and as many as 800 projects were delayed.
"Total original cost of implementation of the 1,605 projects was Rs 22,85,674.25 crore and their anticipated completion cost is likely to be Rs 27,50,591.38 crore, which reflects overall cost overruns of Rs 4,64,917.13 crore (20.34 per cent of original cost)," the ministry's latest report for April 2023 said.
According to the report, the expenditure incurred on these projects till April 2023 was Rs 14,13,592.88 crore, which was 51.39 per cent of the anticipated cost of the projects.
However, it stated that  the number of delayed projects decreases to 598 if dela

As many as 379 infrastructure projects, each entailing an investment of Rs 150 crore or more, have been hit by cost overruns of more than Rs 4.64 lakh crore in April 2023, an official report said.

379 infra projects show cost overruns of Rs 4.64 trillion in April

e-commerce

An inter-ministerial consultation is going on to frame an e-commerce policy which would help in providing a conducive environment for inclusive and harmonious growth of the sector, a top government official said.
Secretary in the department for promotion of industry and internal trade (DPIIT) Rajesh Kumar Singh said that broadly the intention is to make the policy work along with the consumer protection rules and not in conflict with each other.
The policy aims to prepare strategies for providing a conducive environment for inclusive and harmonious growth of e-commerce sector through a streamlined regulatory framework for ease of doing business, adoption of modern technologies, integration of supply chains and enhancing exports through this medium.
"We are in the process of inter-ministerial consultation (to frame the policy)," Singh told PTI.
He said that the consumer protection rules and this policy will be separate, but they will not be in conflict with each other and in fact th

An inter-ministerial consultation is going on to frame an e-commerce policy which would help in providing a conducive environment for inclusive and harmonious growth of the sector, a top government official said.

We are in inter-ministerial consultation for e-comm policy: DPIIT secy

Odisha train crash

Vaishnaw, who reviewed the restoration work at the Balasore triple train collision site, said accident that claimed the lives of 288 passengers happened due to a change in electronic interlocking

Root cause of accident identified: Railway minister on Odisha train tragedy

Devotees celebrate the start of the Ram temple construction in Ayodhya	(Photo: PTI)

ram temple, ayodhya

The construction of the Lord Ram Temple in Ayodhya will completely transform the holy city

From waste management to multi-level parking, Ayodhya gets a civic makeover

IANS

Apple

Apple is reportedly planning to provide some developers and attendees with an opportunity to try out the new AR/VR headset (mixed reality) at its Worldwide Developers Conference (WWDC) 2023

Apple Inc planning to provide hands-on demos of AR/VR headset at WWDC

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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