Quick commerce platforms like Swiggy Instamart and Blinkit are facing consumer pushback due to rising fees, including handling, delivery, and surge charges. This is prompting shoppers to compare prices with local vendors and plan purchases to avoid extra costs.
BRICS nations have urged developed economies and financial institutions to provide substantial climate finance to developing countries, emphasizing the need for predictable and affordable funding to achieve Paris Agreement goals. They also highlighted the importance of the IMF in supporting vulnerable economies and praised the New Development Bank’s growing role in the Global South.
Adani Enterprises Ltd (AEL) is launching a public issue of secured non-convertible debentures (NCDs) worth up to ₹1,000 crore, offering yields up to 9.3% per annum. Opening on July 9 and closing on July 22, the issue has tenors of 24, 36, and 60 months. Proceeds will primarily be used for debt repayment.
India-US trade deal: India has set its red lines in ongoing trade negotiations with the US, particularly concerning agriculture and dairy sectors, ahead of President Trump’s July 9 tariff deadline. The decision on an interim trade deal now rests with America. India seeks complete exemption from the 26% tariffs.
Gold prices are poised for volatility as investors await the US Federal Reserve’s policy cues and the looming July 9 deadline for suspended US tariffs. The market focus will be on potential rate cut commentary, trade negotiation outcomes, and macroeconomic data releases. Dollar strength may limit gains, but geopolitical tensions and central bank buying could…
ITR filing FY 2024-25: First-time income tax filers often make easily avoidable mistakes that can lead to refund delays or scrutiny. Common errors include choosing the wrong ITR form, neglecting to review AIS/TIS and Form 26AS, and failing to report all income sources.
PwC India’s report projects India’s GVA to reach $9.82 trillion by 2035, driven by a shift towards addressing core human and industrial needs across nine growth domains. Indian companies can achieve this by embracing inter-sector cooperation and focusing on areas like societal living, movement, and healthcare. Business leaders are adapting to market changes, with many…
Stock market recommendations: Sudeep Shah from SBICAP Securities suggests Chennai Petroleum Corporation and KPR Mill as top stock picks for the week. Nifty ended flat last week, showing market indecision, while Bank Nifty, despite a minor dip, remains bullish.
Borosil Renewables exits its German solar glass business due to plunging demand and unfair competition from Chinese manufacturers, leading to insolvency for its subsidiary. The company is shifting its focus to India, where surging solar power growth, supportive policies, and anti-dumping duties create a favorable environment. Borosil plans to expand its capacity in India to…
India’s electronics manufacturing faces disruption due to new restrictions on gold compound imports, exacerbating existing challenges from China’s export curbs on rare earth magnets. This dual impact threatens production, delays investments, and undermines India’s self-reliance goals. The industry urgently seeks government intervention to address these bottlenecks and safeguard its ambitions of becoming a global electronics…
