Business

Published on Jul 09, 2024 08:03 PM IST

Mahindra & Mahindra said that the model will be available in the special price only for a period of four months starting July 10.

Mahindra & Mahindra reduced the price of XUV700’s AX7 to <span class='webrupee'>₹</span>19.49 lakh.

Worried about rising prices? Here's what inflation trends are ahead of Budget

India's inflation, primarily driven by rising food prices due to extreme weather patterns is likely to be a key focus for the Union Budget 2024.

Food inflation is the primary driver of inflation in India. (PTI)

Published on Jul 09, 2024 07:57 PM IST

ByHT News Desk | Edited by Abhyjith K. Ashokan

S&P 500, Nasdaq open at fresh record highs ahead of Jerome Powell testimony

Jerome Powell's appearance before the Senate Committee comes amid expectations for interest rate cuts later in 2024 that have contributed to recent records.

US Federal Reserve Chair Jerome Powell delivers remarks during a press conference.(Reuters)

Published on Jul 09, 2024 07:49 PM IST

AFP |

Dyson layoffs: Company to cut around 1,000 jobs in Britain

Dyson layoffs: The company, which was founded by James Dyson, employs 3,500 people in Britain.

Updated on Jul 09, 2024 07:44 PM IST

ByHT News Desk | Edited by Mallika Soni

Gujarat’s non-major ports see 15% surge in cargo traffic in first quarter

This surge was primarily driven by private ports and captive jetties, which handled over 90% of the total cargo

t\These ports jumped from approximately 106 MMT in Q1 FY24 to an impressive 122 MMT in Q1 FY25. (Representational image)

Published on Jul 09, 2024 07:21 PM IST

ByHT Correspondent

Why fiscal deficit in Nirmala Sitharaman's Budget speech is crucial

The Union Budget 2024 may set ambitious fiscal deficit targets with India's fiscal and revenue deficit shooting up during the pandemic and calming down since.

India's fiscal deficit has been gradually reducing after a sharp uptick during the pandemic (Representational photo)

Published on Jul 09, 2024 06:44 PM IST

ByHT News Desk | Edited by Abhyjith K. Ashokan

Domestic air passenger traffic up 6% in June 2024: ICRA

Ratings agency ICRA said that the momentum in air passenger traffic witnessed in FY2024 is expected to continue into FY2025

In comparison to the pre-pandemic level, the domestic air passenger traffic jumped 10.4% in June 2024. (Representational image)

Published on Jul 09, 2024 05:22 PM IST

ByNeha LM Tripathi

Emcure Pharmaceuticals IPO listing tomorrow: All you need to know

Emcure Pharmaceuticals IPO listing: Ahead of the listing, Emcure Pharma IPO GMP is +352 which indicates that the company's share price was trading at a premium.

Emcure Pharma IPO saw strong response and as per BSE data, the subscription status was 67.87 times.

Updated on Jul 09, 2024 04:09 PM IST

How much you can save from Uttar Pradesh's waiver of registration fee on hybrids

The waiver applies to popular models such as Maruti Suzuki’s Grand Vitara and Invicto, Toyota's Hyryder and Innova Hycross, and Honda’s City.

Maruti Grand Vitara and Toyota Urban Cruiser Hyryder are the first SUVs in the Indian market with strong hybrid engine options.

Updated on Jul 09, 2024 03:51 PM IST

Equity fund inflows rise by 17% to ₹40,608 crore in June, a fresh high

Inflows into large-caps rose 46% to 9.7 billion rupees, a three-month high, supported by policy continuity and macroeconomic stability.

Since 2021, equity mutual funds have seen net inflows aggregating to 5.99 trillion rupees from domestic investors.

Updated on Jul 09, 2024 04:33 PM IST

Paytm management summoned by Labour commissioner over alleged layoffs: Report

As per the notice, representatives from Paytm management and complainants have been requested to appear at the department’s office along with records.

A QR code for the Paytm digital payment system at a store in Mumbai, India.(Bloomberg)

Updated on Jul 09, 2024 03:16 PM IST

Your Union Budget cheatsheet: Direct, indirect taxes and what you must look for

The Union Budget 2024 sees a lot of expectations for both direct and indirect tax rate cuts to boost consumption in the economy.

Taxes can be classified into direct and indirect taxes (Unsplash)

Published on Jul 09, 2024 03:12 PM IST

ByHT News Desk | Edited by Abhyjith K. Ashokan

Tata Motors reduces price of Harrier, Safari to provide benefits up to 1,40,000

The company will reduce the price of Safari, Harrier, Nexon, Punch, the Sierra and the Safari, it said.

Updated on Jul 09, 2024 03:41 PM IST

Patanjali stops sale of 14 products, including Drishti eye drops: Details

Patanjali told the Supreme Court that it has issued instructions to 5,606 franchise stores to withdraw these products.

A hoarding with an image of Baba Ramdev is seen inside a Patanjali store in Ahmedabad, India.(Reuters)

Updated on Jul 09, 2024 07:51 PM IST

LIC asks shareholders to update details to avoid higher TDS on dividends

Dividends will be paid to members who own equity shares of the Corporation, either in real or electronic form.

An exterior view of Life Insurance Corporation of India (LIC) eastern zonal head office building in Kolkata.(Reuters)

Updated on Jul 09, 2024 02:27 PM IST

Uttar Pradesh scraps registration tax on strong hybrid cars

Currently, Uttar Pradesh levies an 8% road tax on vehicles priced below ₹10 lakh and a 10 per cent tax on vehicles priced above ₹10 lakh (ex-showroom).

Grand Vitara is the biggest launch from Maruti Suzuki in quite some time, and that is not just in terms of dimensions of the vehicle but in its sheer significance as well.

Updated on Jul 09, 2024 02:09 PM IST

Budget terms: What is interim budget and vote on account?

While sometimes used interchangeably, there are a lot of differences between an interim budget and a vote on account.

Union finance minister Nirmala Sitharaman speaks in the Lok Sabha during the interim budget session of the Parliament, in New Delhi (ANI)

Published on Jul 09, 2024 01:43 PM IST

ByHT News Desk | Edited by Abhyjith K. Ashokan

Disney to add new ship in Tokyo to expanding cruise business

WALT DISNEY-CRUISES/ (UPDATE 2, PIX):UPDATE 2-Disney to add new ship in Tokyo to expanding cruise business

Published on Jul 09, 2024 01:38 PM IST

Reuters |

Is there a deadline for LPG eKYC compliance? Hardeep Singh Puri clarifies

Hardeep Singh Puri said, "It is also clarified by OMCs that there are no "Mustering" of customers at Showrooms of LPG distributorships."

Hardeep Singh Puri said that Oil Marketing Companies have been implementing eKYC Aadhaar authentication for LPG customers to eliminate bogus accounts.

Updated on Jul 09, 2024 01:37 PM IST

HDFC Bank scheduled downtime on July 13: Which services you can, cannot use

HDFC Bank downtime on July 13: The scheduled downtime is on Saturday and will begin from 3:00am and end at 4.30pm on the same day.

HDFC Bank downtime on July 13: The headquarters of India's HDFC bank is pictured in Mumbai. (Reuters)

Updated on Jul 09, 2024 12:57 PM IST

Oil prices hold steady as concerns over hurricane Beryl damage ease

Brent futures rose 4 cents to $85.79 a barrel by 0622 GMT, while U.S. West Texas Intermediate (WTI) crude climbed 2 cents to $82.35.

A worker sweeps water from a damaged convenience store after Hurricane Beryl made landfall in Palacios, Texas, US.(Bloomberg)

Published on Jul 09, 2024 12:23 PM IST

Reuters |

Budget 2024: These are 7 demands by government employees' union for Centre

The demands were drafted in a meeting held in New Delhi and were also shared by the union on their official website.

Published on Jul 09, 2024 12:01 PM IST

Union Budget 2024: Your quick guide to the document

With the Union Budget 2024 scheduled to be presented in July, Nirmala Sitharaman will become the first finance minister to present seven Union Budgets in a row.

Union Finance Minister Nirmala Sitharaman with the interim budget of 2024 (AFP)

Published on Jul 09, 2024 11:44 AM IST

ByHT News Desk | Edited by Abhyjith K. Ashokan

Why Maruti Suzuki shares gained almost 5% today: Should you buy?

This year, shares of Maruti Suzuki surged over 22 per cent, outperforming 12 per cent rise in Nifty 50 index.

Cars are seen parked under solar panels at the manufacturing plant of Maruti Suzuki in Manesar.(Reuters)

Updated on Jul 09, 2024 11:36 AM IST

This is world's most affordable country for immigrants in 2024: India in top 10

Asian countries dominated 2024's list getting 6 out of 10 positions. Southeast Asia stood out with Vietnam, Indonesia, Philippines, Thailand ranking in top 10.

The ranking was based on quality of life, digital life, housing and language, career prospects, salary and job security.

Updated on Jul 09, 2024 11:11 AM IST

ByHT News Desk | Edited by Mallika Soni

Yes Bank shares clarification on 51% stake sale report: ‘Factually incorrect’

Yes Bank said that report on the Reserve Bank of India (RBI) giving nod to the 51% stake sale is factually incorrect and purely speculative.

Yes Bank share price: Following this, shares of Yes Bank opened a per cent higher today (July 9).

Updated on Jul 09, 2024 10:34 AM IST

Microsoft giving iPhones to employees in China who use Android phones for work

Microsoft will give an iPhone 15 as a one-time-purchase and these will be available for collection at various hubs across China.

Microsoft CEO Satya Nadella speaks during the Microsoft Build conference at Seattle Convention Center Summit Building in Seattle, Washington.(AFP)

Updated on Jul 09, 2024 10:19 AM IST

ByHT News Desk | Edited by Mallika Soni

MCX technical glitch: Commodity trading to begin one hour late at 10am

MCX to begin commodity trading one hour late at 10 am today owing to technical issues.

Updated on Jul 09, 2024 09:50 AM IST

Mukesh Ambani's Reliance Retail planning a sports brand like Decathlon: Report

Reliance Retail is reportedly planning to lease 8,000-10,000 sq ft spaces in prime locations across top cities for a yet-to-be-named brand.

Reliance Industries Chairman, and Managing Director Mukesh Ambani.(ANI)

Published on Jul 09, 2024 09:35 AM IST

US stock market may fall 10% soon, Morgan Stanley’s top strategist warns

Morgan Stanley’s top strategist Mike Wilson said that "the chance of a 10% correction is highly likely sometime between now and the election.”

Wall Street traders sent stocks toward fresh all-time highs as signs of inflation cooling reinforced bets the Federal Reserve will be able to start cutting interest rates this year. (Bloomberg)