Page 7 - India News
Visa or MasterCard? From tomorrow, you can choose your credit card network
The RBI issued a circular on March 6 prohibiting banks and non-bank card issuers from entering into exclusive agreements with card networks
 "Visa or MasterCard? From tomorrow, you can choose your credit card network")
PV retails dip 5% in August; Fada raises alarm over rising inventory level ments.
Commercial vehicle registrations saw a 6 per cent year-on-year dip in August, while tractor retail sales also witnessed a drop of 11 per cent as compared to the year-ago period
 "PV retails dip 5% in August; Fada raises alarm over rising inventory level ments.")
GST Council meeting: E-invoice mandate may soon cover B2C transactions
The GST Council may propose a pilot project for voluntary e-invoicing in select sectors for B2C transactions
 "GST Council meeting: E-invoice mandate may soon cover B2C transactions")
IMF mission starts 5th review of Ukraine programme as Kyiv reshuffles govt
Finance Minister Serhiy Marchenko is expected to retain his position, analysts and lawmakers said
Govt panel considering major cut to food weighting in new CPI basket
The panel, under the statistics ministry, is discussing a proposal to reduce the weight of food in the consumer price basket by as much as 8 percentage points
 "Govt panel considering major cut to food weighting in new CPI basket")
August auto sales impact: Hero, Eicher, and Maruti gain; TaMo, TVS slip
Automaker Tata Motors saw an 8.1 per cent drop in total sales for August 2024, totaling 71,693 vehicles compared to 78,010 units in August 2023.
 "August auto sales impact: Hero, Eicher, and Maruti gain; TaMo, TVS slip")
Buch continued to draw salary from ICICI while at Sebi, alleges Congress
Congress leader Pawan Khera alleged that Buch earned close to Rs 16 crore from the ICICI group while being an official at the market regulator
 "Buch continued to draw salary from ICICI while at Sebi, alleges Congress")
Conflict of interest: Buch drew salary from ICICI while at Sebi, says Congress
Congress leader Pawan Khera accuses Buch of receiving remuneration not only from the government but also from ICICI Bank and ICICI Prudential.
 "Conflict of interest: Buch drew salary from ICICI while at Sebi, says Congress")
IPO-bound Reliance Retail grants ESOPs worth Rs 351 crore to top employees
The Mukesh Ambani-owned company is cemented as the largest retailer in India and has 304 million registered customers
 "IPO-bound Reliance Retail grants ESOPs worth Rs 351 crore to top employees")
Amid GCC boom, Big Four in India are boosting hiring of 'tech architects'
Deloitte India has over 500 of these architects and says there is a growing demand for them across the consultancy's clients
 "Amid GCC boom, Big Four in India are boosting hiring of 'tech architects'")
Lights, camera, no action: Theatres cut down shows as films perform poorly
Multiplexes with five to six auditoriums are limiting screenings to two or three, while single-screen theatres are temporarily suspending operations, citing slow business and high operational costs
 "Lights, camera, no action: Theatres cut down shows as films perform poorly")
Centre forms panel to oversee safety of Indians, minorities in Bangladesh
Union Home Minister Amit Shah announced that the committee will be led by the Additional Director General (ADG) of the Border Security Force (BSF) for the Eastern Command
 "Centre forms panel to oversee safety of Indians, minorities in Bangladesh")
Bhartiya Vayuyan Vidheyak to address discrepancies in aviation law: Govt
Naidu explained that the 1934 Act had undergone 21 amendments, resulting in ambiguities and contradictions, particularly regarding the powers and functions of internal organisations
 "Bhartiya Vayuyan Vidheyak to address discrepancies in aviation law: Govt")
New UPI feature to allow multiple users to use one account for transactions
RBI has increased the limit for tax payments through UPI from Rs 1 lakh to Rs 5 lakh per transaction
 "New UPI feature to allow multiple users to use one account for transactions")
Patanjali stock hits new high, up 7% on hopes of higher rural demand
With a strong presence in the hinterland, Patanjali Foods is positive about rural demand moving northwards in the coming quarter.
 "Patanjali stock hits new high, up 7% on hopes of higher rural demand")
Motherson set to join Apple supply chain in India with BIEL Crystal
The initiative is part of Motherson's strategy to leverage its manufacturing expertise and branch out into new sectors
 "Motherson set to join Apple supply chain in India with BIEL Crystal")
Malaysian PM's posts on Haniyeh's assassination were removed in error: Meta
In a similar incident in May, Meta restored Facebook posts by Anwar over his meeting with Haniyeh, saying they were taken down in error
 "Malaysian PM's posts on Haniyeh's assassination were removed in error: Meta")
The spate of recent negative news such as fears of a US from COFEPRIS of Mexico to market Mamitra
The uptick in the stock price came after the pharmaceutical company announced that it has secured an approval from COFEPRIS of Mexico to market Mamitra to treat various cancers.
 "The spate of recent negative news such as fears of a US from COFEPRIS of Mexico to market Mamitra")
India with BIEL
The initiative is part of Motherson's strategy to leverage its manufacturing expertise and branch out into new sectors
Costs for Indian airlines are expected to rise 3.8% in fiscal 2025,
India's largest airline by market share posted a profit of Rs 2,727 crore ($326 million) for the three months ending June 30, compared with Rs 3,087 crore a year earlier
 "Costs for Indian airlines are expected to rise 3.8% in fiscal 2025,")
