Indian market, indian economy, consumer sentiment

So far, only 15 states have revealed their projections for the gross state domestic product for 2022-23

5 states project their economies to grow slower than national GDP in FY'23

Business Standard

Earthquake, quake

The Bay of Bengal struck a 3.9 magnitude earthquake on Monday morning of June 5. It is the third such quake in the last six months in the Bay of Bengal.

3.9 magnitude earthquake jolts Bay of Bengal, no casualties reported

BS Rich Content

From Ideation to Impact: How Conquest BITS Pilani is Fueling India\'s Startup Journey

New Delhi [India], June 5: With the number of startups skyrocketing from 3100 in 2014 to nearly 90,000 in 2023, India has solidified its position as the third-largest startup ecosystem globally, trailing only the United States and China. Additionally, it's adding around 80 startups daily, the highest figure in the world.

From Ideation to Impact: How Conquest BITS Pilani is Fueling India's Startup Journey

ANI Press Release

Anmol India Ltd Board Approves Issue of Bonus Shares in ratio of 4:1

Ludhiana (Punjab) [India], June 5: Anmol India Ltd. (BSE: 542437, NSE: ANMOL), one of the leading players in Supply chain management industry, Commodity Trading, and Coal Import, has approved issue of bonus shares in the ratio of 4:1, i.e. 4 Equity Shares for every 1 Equity Share held by the shareholders of the Company as on the record date, subject to the approval of shareholders. 

Grant Thornton Bharat Joins Oracle NetSuite Solution Provider Program

New Delhi [India], June 5: Grant Thornton Bharat, a leading professional services firm, announced that it is joining the Oracle NetSuite Solution Provider Program. With NetSuite, the firm can help its clients use a powerful cloud ERP system to gain the visibility and control needed to adapt and thrive.

railways, Chenab Bridge, world's highest railway bridge

A guard deployed at the four-lane bridge connecting Khagaria and Bhagalpur districts on the Ganga river that collapsed on Sunday, has gone missing, an official said here

Bihar bridge collapse: Construction firm's guard missing, feared dead

IANS

Similar to 9/11, the fear of flying has also hit business travel the hardest and it is expected to return the last — and only after a revival of leisure travel.

Air travel, Flight, Aviation

The airline industry is expected to record a net profit of USD 9.8 billion this year as passenger traffic is rising and local economies are reviving, IATA said on Monday.
Willie Walsh, Director General of the International Air Transport Association (IATA), said that despite economic uncertainties, people are flying to reconnect, explore and do business. "Latest data shows that passenger traffic is at over 90 per cent of 2019 level".
Speaking at the IATA Annual General Meeting here, he said airports are busier, hotel occupancy is rising, local economies are reviving and the airline industry has moved into profitability.
The airline industry is expected to rake in revenues of USD 803 billion and a net profit of USD 9.8 billion this year. Airlines will make an average of USD 2.25 per passenger, he said.
While the aviation industry is recovering after the pandemic, there are still challenges like cost pressure and supply-chain issues.
Walsh said Original Equipment Manufacturers (OEMs)

The airline industry is expected to record a net profit of USD 9.8 billion this year as passenger traffic is rising and local economies are reviving, IATA said on Monday.

Airline industry to report $9.8 bn profit this year on rising traffic: IATA

Press Trust of India

Odisha Train accident

Mamata Banerjee

West Bengal Chief Minister Mamata Banerjee on Monday cancelled her four-day trip to Darjeeling at the last minute to supervise the treatment and rehabilitation of passengers of the state who were injured in the triple train accident in Odisha's Balasore, sources said.
The Trinamool Congress chief was supposed to visit Darjeeling where she was scheduled to meet members of all political parties in the Hills before the panchayat elections slated this year, secretariat sources said.
She wants to be in Kolkata and oversee how the rehabilitation and treatment of injured passengers from West Bengal who were on board the Coromandel Express that met with an accident near Bahanaga Bazar in Balasore district. She will visit the Hills later," the source told PTI.
The Odisha government on Sunday revised the triple train accident's death toll to 275 from 288, and put the number of injuries at 1,175.
Banerjee had on the same day questioned the death figures given by the Railway Ministry, stating 

West Bengal Chief Minister Mamata Banerjee on Monday cancelled her four-day trip to Darjeeling at the last minute to supervise the treatment and rehabilitation of passengers of the state who were injured in the triple train accident in Odisha's Balasore, sources said.

Odisha accident: Mamata cancels Darjeeling trip to take care of injured

Coromandel Express from Shalimar would have derailed even if it had not collided with freight train at Bahanaga Bazaar station near Odisha's Balasore on Friday evening, senior railway officials said

'Coromandel would've derailed even if it hadn't collided with goods train'

Art of Healing Cancer Expands to Mumbai in Partnership with Jay Ambe Hospital, Integrating Precision and Integrative Oncology

Mumbai (Maharashtra) [India], June 5: Art of Healing Cancer (AOHC), a trailblazer in precision and integrative oncology, announces its momentous expansion to Mumbai, India's thriving metropolis. The expansion fostered through a strategic partnership with Jay Ambe Hospital in Dahisar (E), Mumbai, is a crucial step in broadening AOHC's reach and fortifying its mission to deliver comprehensive, personalized cancer care.

Railways said that indigenously-developed automatic train protection system "Kavach," which was not installed on the route where the accident in Odisha's Balasore occurred, could not have prevented it

Why Kavach could not have prevented Odisha train accident: Indian Railways explains

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.

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