Let the telecom sector bloom

Redseer report observes a growing habit of online shopping in both urban and rural parts of India among other electronic retail trends

Welspun India

Home textiles major Welspun India expects revenue to cross the Rs 15,000 crore-mark by FY26, growing around 60 per cent in the next three years, according to a regulatory filing.
The firm, which also operates in segments such as flooring solutions, advanced textiles, retail, hospitality, and wellness is looking at "multiple drivers for growth" in the domestic market besides strengthening the export market.
In an investor presentation, Welspun India said it is poised to grow at "3X of the market growth rate" in the domestic textile market.
Overall, Welspun India said, "FY26 expected to be upwards of Rs 15,000 crore at a CAGR (Compound Annual Growth Rate) of 24 per cent (over FY23 expected)."
Export is expected to play a key role in the company meeting its targets.
Welspun India, which is a prominent player in terry towels and sheets, said though the Indian cotton prices remained considerably out-priced against competing global peers for a large part of FY22, from October onwards it

e-commerce, online, digital, shopping, credit card

Online retail spending in India is expected to grow nearly sixfold to USD 300 billion by 2030 with expansion in the number of digitally-influenced shoppers and online shoppers,  said BCG

Meesho app

Internet commerce firm says customers from smaller Indian cities drive its growth and account for 80% shopping.

Amazon

This agreement includes the acceptance of Visa at all Amazon stores and sites

online retail, online shopping, e commerce,

The pandemic was a watershed moment for India's e-retail market, driving a 12-month acceleration in e-retail penetration, which was at 4.6 per cent by end of FY21

Tata Group

With this, Tata Digital will buy 64.3% stake in Supermarket Grocery Supplies and also be sole control over Innovative Retail Concepts, which runs BigBasket's online retail biz

retail

The report noted that data and technology driven disruptions along with supply side innovations will shape the future of the retail landscape

The stock price of GVK Power & Infrastructure was locked in the 5% upper circuit for the eight day, trading at its highest level since September 2018 on the BSE

Sensex, Nifty, stock brokers

The restructuring exercise will be undertaken by Arjun Mohan, who was recently elevated as chief executive officer (CEO) of its India business, replacing Mrinal Mohit, according to the sources

Byju's

His three children - twins Akash and Isha (both 31) and Anant (28 years) - will get only a sitting fee and a commission on the profit earned by the firm

Reliance Industries chairman Mukseh Ambani and Nita Ambani's children, left to right, Akash, Isha and Anant Ambani. PTI: Photo

Isha, Akash and Anant Ambani

Analysts at Jefferies, believe that the time is ripe to buy Eicher Motors given alleviating competitive concerns, along with tailwinds of 2W demand recovery, industry premiumization and exports.

Eicher Motors, motorcycle ,Royal Enfield, Royal Enfield bikes,

Meanwhile, companies like HP and Acer, which do not sell mobile phones in India, are likely to miss out

Apple iPhone

According to officials, the passengers on board included 24 girl students from Swami Vivekananda Government Model School in Detani and four others, including the school principal and three teachers

accident

This endeavour marks a step in expanding connectivity in the northeastern region of India and bolstering the local economy, the Ministry of Civil Aviation said in a statement earlier

Jyotiraditya Scindia

As Vietnam is largely becoming an emerging tourism destination for Indian travellers, Vietjet, the country's largest private carrier, is getting ready to tap this growing interest by expanding its service to India connecting more cities.
A new route connecting Tiruchirappalli (Tamil Nadu) and Ho Chi Minh City is expected to be launched this November, airline authorities said here.
Direct flight services from Kerala's Kochi to Ho Chi Minh City had already been launched by the private carrier from Cochin International Airport in August.
A senior airline official said here that Vietjet currently has 32 return flights servicing India each week.
"From November, Vietjet is expected to launch a new route connecting Tiruchirappalli and Ho Chi Minh City and we have plans to have an initial frequency of three return flights per week, in order to meet rising demand from travellers in both countries," the official, who doesn't want to be named, said.
Vietjet would like to eventually expand it

VietJet

The combined market valuation of eight of the 10 most valued firms plunged by Rs 2,28,690.56 crore in a holiday-shortened last week, with HDFC Bank and Reliance Industries taking the biggest hit, amid an overall weak trend in equities.
Last week, the BSE benchmark fell 1,829.48 points or 2.69 per cent, and the Nifty declined 518.1 points or 2.56 per cent.
Equity markets were closed on Tuesday on account of Ganesh Chaturthi.
From the top-10 pack, Reliance Industries, HDFC Bank, ICICI Bank, Infosys, ITC, State Bank of India, Bharti Airtel and Bajaj Finance were the laggards while Tata Consultancy Services (TCS) and Hindustan Unilever were the gainers.
The market valuation of HDFC Bank plummeted by Rs 99,835.27 crore to Rs 11,59,154.60 crore. Shares of the company fell by nearly 8 per cent last week.
The valuation of Reliance Industries plunged Rs 71,715.6 crore to Rs 15,92,661.42 crore. The company's shares declined over 4 per cent past week.
ICICI Bank's valuation dropped Rs 29,41

HDFC Bank

In a move to fuel growth through self-employment, Assam Chief Minister Himanta Biswa Sarma has launched a scheme to help youths set up their own ventures.
At a function here, Sarma rolled out the Chief Minister's Atmanirbhar Asom Abhijan 2023. He also launched a registration portal for the scheme.
Under the programme, financial aid will be given to two lakh youths for creating a robust entrepreneurial ecosystem, he added.
Speaking on the occasion on Saturday, Sarma said, "The scheme has been designed to create self-employment avenues to enable the youths to fuel development of the state. It has the potential to strengthen rural economy."
He said that the unemployed degree holders in the fields of engineering, medicine, agriculture, animal husbandry and fishery will be kept in the first category and will be given Rs 5 lakh.
"On the other hand, unemployed postgraduates, general graduates, ITI, polytechnic passouts will be kept in the second category for government assistance of Rs 2

Guwahati: Assam Chief Minister Himanta Biswa Sarma speaks during a press conference organised to commemorate the completion of 8 years of Prime Minister Narendra Modi's BJP-led government at the centre, at BJP state office in Guwahati, Wednesday, Jun

Himanta Biswa Sarma

International credit agency Moody's Investors Service has made sweeping assertions against Aadhaar without citing any evidence, the Unique Identification Authority of India (UIDAI) said on Monday.
The UIDAI issued a strong rebuttal to Moody's Investors Service which claimed that the Aadhaar system often results in service denials and the reliability of biometric technologies, especially for manual labourers, in hot and humid climates is questionable.
"A certain investor service has, without citing any evidence or basis, made sweeping assertions against Aadhaar, the most trusted digital ID in the world. Over the last decade, over a billion Indians have expressed their trust in Aadhaar by using it to authenticate themselves over 100 billion times," the UIDAI said in a statement.
The unique id Aadhaar's custodian said that the report in question does not cite either primary or secondary data or research in support of the opinions presented in it.
"The investor service did not make any

Adhaar, UIDAI

The Nijjar murder is fast unfolding into treacherous scenarios that could have tragic consequences for both nations. No one stands to gain from the ongoing face-off

India Canada

The leaders of both countries should encourage bilateral trade and people-to-people exchanges that can help build bridges

India's rage is misplaced and hardly serves to endear the country to those appalled by the idea that it may have had a Canadian citizen killed

Canada has updated travel advisory for its citizens in India asking them to "stay vigilant and exercise caution" in the context of recent developments as there are calls for protests and some "negative sentiment" towards Canada on social media.
Tensions flared between India and Canada following Canadian Prime Minister Justin Trudeau's explosive allegations of a "potential" involvement of Indian agents in the killing of Khalistani extremist Hardeep Singh Nijjar, 45, on his country's soil on June 18 in British Columbia. India had designated Nijjar as a terrorist in 2020.
India angrily rejected the allegations as "absurd" and "motivated" and expelled a senior Canadian diplomat in a tit-for-tat move to Ottawa's expulsion of an Indian official over the case.
"In the context of recent developments in Canada and in India, there are calls for protests and some negative sentiment towards Canada on social media. Please remain vigilant and exercise caution," the Canadian government said in an

The company's revenue from operations in FY23, Agarwal added, stood at approximately Rs 5,463 crore in FY23 up from Rs 4,781 crore in FY22, marking a 14 per cent increase

Relations between India and China have been in an "abnormal state" since the 2020 Galwan clash and it is a "possibly longer than medium-term issue", External Affairs Minister S Jaishankar said here.
If the two biggest countries of the world have that degree of tension between them, "it has consequences for everybody else", he asserted during a conversation at the Council on Foreign Relations to a question about India-China relations.
"You know, one of the pleasures of dealing with China is that they never quite tell you why they do things. So you often end up trying to figure it out. And it's always, there's certain ambiguity out there," Jaishankar said.
"It is very hard to try to be normal with a country which has broken agreements and which has done what it has done. So if you look at the last three years, it's a very abnormal state," the minister added.
"Contacts have been disrupted, visits are not taking place. We have of course this high level of military tension. It has also 

External Affairs Minister (EAM) Dr S Jaishankar

External Affairs Minister S Jaishankar has said efforts are on in Manipur by the state and the central governments to find a way by which a sense of normalcy returns and there is adequate law-and-order enforcement.
"...I think one part of the problem in Manipur has been the destabilising impact of migrants who have come," he said Tuesday at the Council on Foreign Relations in response to a question on the situation in the northeastern state in India.
"But there are also tensions which obviously have a long history which precede that. And today, I think the effort is on the part of the state government and the Union government to find a way by which a sense of normalcy returns, that arms which were seized during that period are recovered, that there is an adequate law-and-order enforcement out there so that incidents of violence don't happen," the minister said.
Earlier this month, a group of United Nations experts said they are "appalled" by reports and images of violence in Manipur

S Jaishankar, EAM S Jaishankar

A judge has ruled that Donald Trump committed fraud for years while building the real estate empire that catapulted him to fame and the White House.
Judge Arthur Engoron, ruling in a civil lawsuit brought by New York Attorney General Letitia James on Tuesday, found that the former president and his company deceived banks, insurers and others by massively overvaluing his assets and exaggerating his net worth on paperwork used in making deals and securing loans.
Engoron ordered that some of Trump's business licenses be rescinded as punishment, making it difficult or impossible for them to do business in New York, and said he would continue to have an independent monitor oversee Trump Organization operations.
Trump's lawyer, Christopher Kise, said they intend to appeal the decision, calling it a miscarriage of justice and completely disconnected from the facts and governing law.
The decision seeks to nationalize one of the most successful corporate empires in the United States and sei

Donald Trump

Underscoring the transformative momentum in the India-US relationship, officials of the two nations held discussions on opportunities to further strengthen interoperability and logistics cooperation.
During the India-US 2+2 Intersessional Dialogue held here on Tuesday, the officials also discussed combined maritime engagements in the Indian Ocean Region, as well as expanded cooperation in the space and cyber domains, the Pentagon said.
The Indian delegation was led by Additional Secretary Vani Rao of the Ministry of External Affairs and Joint Secretary Vishwesh Negi of the Ministry of Defence, it said.
The American side was led by Assistant Secretary of Defense for Indo-Pacific Security Affairs Dr. Ely Ratner and Assistant Secretary of State for South and Central Asian Affairs Donald Lu.
"The officials also discussed regional security developments and strategic priorities across the Indo-Pacific region," a statement said.
The 2+2 Intersessional Dialogue advanced a wide range of ..

online retail market growth

Internet retail growth shows signs of maturing shopper base: Report

Welspun India expects revenue to cross over 60% to Rs 15,000 crore in FY26

Online retail spending in India to grow six-fold to $300 bn by 2030: Report

SoftBank-backed Meesho records over 100 mn transacting users

Visa, Amazon reach global deal over payment fees

Indian e-retail market expected to grow to $140 bn by FY26: Bain & Company

Tata to finally enter online grocery with CCI nod to BigBasket stake deal

Retail market to reach $1.3-trn by 2025 helped by economic drivers: Study