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Coffee Day Enterprises' total default at Rs 433.91 crore in Q1 FY25
Coffee Day Enterprises Ltd (CDEL) reported a total default of Rs 433.91 crore on interest and principal payments to banks, financial institutions, and holders of unlisted debt securities like NCDs and NCRPS for the quarter ending June 30, 2024. The company attributed the delay in debt servicing to a liquidity crisis. CDEL noted that the default amount remained unchanged from previous quarters due to the company not recognizing interest since April 2021. Lenders have issued loan recall notices and initiated legal proceedings against CDEL.
Amazon Prime Day 2024 - Here's everything you need to know
Amazon Prime Day 2024 promises to be a shopping extravaganza, offering Prime members unparalleled access to discounts, new product launches, and more. This annual event, known for its blockbuster deals across various categories, is set to deliver exceptional savings and excitement over two days. Whether looking for tech gadgets, home essentials, fashion must-haves, or entertainment upgrades, Prime Day is the ideal time to snag incredible bargains and explore the latest innovations.
HDFC Mutual Fund launches HDFC NIFTY100 Low Volatility 30 Index Fund
Invest in the HDFC NIFTY100 Low Volatility 30 Index Fund to benefit from continuous sale and repurchase options. With a TER of up to 1.00%, this passively managed fund aims to track the NIFTY100 Low Volatility 30 Total Returns Index, providing investors a low-cost opportunity for wealth creation.
BJP to launch programme against 1975 Emergency to 'expose authoritarianism' of Congress
The BJP announced a nationwide programme to expose Congress' authoritarianism during the 1975 Emergency. BJP president JP Nadda will address at the "Dark Days of Democracy" event. The Emergency, imposed by former PM Indira Gandhi, saw curtailment of freedoms and atrocities on citizens, media, and opposition. BJP aims to highlight Congress' Constitution-strangling actions through protests and discussions across the country. PM Modi emphasised consensus-building in Parliament amidst criticism over various issues.
Why the slogan ‘Jai Jawan’ has lost its sheen
NDA allies have joined the chorus against the Agniveer scheme, which came into force without parliamentary debate or discussion. Will the government finally sit up and take notice?
Cement stocks in focus in Modi 3.0: Birla Corp, JK Cement could give 14-22% return
Resultantly, the all-India average price during Apr-May’24 was flat to marginally up (1%) vs. Mar’24-exit, while it was ~1% lower than 4QFY24 average.
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JP Nadda stresses expansion of health coverage under Ayushman Bharat scheme
Union Health Minister J.P. Nadda emphasized expanding health insurance coverage under the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB-PMJAY) to those aged 70 and above during a high-level meeting focused on the Modi 3.0 government's 100-day health agenda. Nadda, along with Ministers of State for Health Anupriya Patel and Prataprao Ganpatrao Jadhav, stressed improving health facility quality, leveraging technology in health programs, and increasing awareness about non-communicable diseases and tobacco control. He underscored the need for clear communication on health issues to the public.
ETMarkets Smart Talk: Rural consumption could top priority in Modi 3.0’s final Budget in July: Vinay Jaising
The BJP led NDA alliance is confident of forming the government for the third time consecutively which has not happened in India since 1962 when the Nehru led Congress was in Power; and an extremely spectacular event.
India likely to present Budget on July 22
Budget 2024: Sources informed ET that the Union Budget 2024 is expected to be presented on July 22. The primary policy priorities will include addressing challenges in the agriculture sector, generating employment, maintaining the momentum of capital expenditure, and boosting revenue growth to stay on the fiscal consolidation path. Additionally, the government aims to simplify GST and reduce tax compliance burdens.
Is NDA 3.0 flight facing some turbulence right after takeoff?
Modi 3.0: From the NEET exam chaos to escalating violence in Jammu & Kashmir, it's been a bumpy ride for the new government and Narendra Modi, who took oath as the Prime Minister for the third straight term on June 9. With opposition mocking and allies questioning strategies, Modi 3.0's flight is experiencing turbulence on multiple fronts.
Modi 3.0: Delhi Police preparing '100 Day's Action Plan' for initiatives, objectives
Delhi Police is preparing a '100 Day's Action Plan' for Modi 3.0's next 100 days. Commissioner Sanjay Arora seeks unit heads' plans by June 14, to be submitted to the Union home ministry.
Fevicol ka jod? The bonhomie in Modi's alliance dispels coalition fears
The bonhomie on display between PM Modi and the NDA allies is contrary to what many had expected: a lot of messy haggling over portfolios and competitive wooing of parties by the NDA and the INDIA block of opposition parties. The NDA has been off to a harmonious start. However, coalition governments often spring surprises over time.
Sarbananda Sonowal gets into a huddle with officials, sets target for 100 days for MoPSW
Sonowal also reviewed the Targets set & offered every support to transform them into reality. The meeting was also attended by the Secretary of MoPSW, TK Ramachandran, among others including Joint Secretaries, Directors, young professionals to Assistant Section Officers.
Signing in: Modi-led new govt gets into work gear as ministers assume charge
Prime Minister Modi's third-term government commenced with ministers assuming office, focusing on continuity and change. Key portfolios remained with experienced leaders. Priorities include promoting India's global stance and internal development, addressing issues like China relations, and enhancing citizen services. Ministers pledged to fulfill Modi's vision of a prosperous and united Bharat.
Countdown for first 100 days of Modi 3.0 begins. What should stock investors do?
Countdown for the first 100 days of Modi 3.0 has stock market investors debating over the continuation of winners from Modi 2.0, with Sensex performance in focus.
Modi 3.0 kicks off with focus on farmers, poor
PM Narendra Modi released funds for farmers and approved 30 million houses for the poor on his first day of the third term. He emphasized team spirit, involvement of ministers in work decisions, and advised against giving sermons.
Modi 3.0 Cabinet: BJP's master strategist Amit Shah remains in charge of the Home Ministry
Amit Shah secured a significant victory in Gujarat's Gandhinagar constituency, garnering 7,44,716 votes more than his closest competitor. His total vote count amounted to 10,10,972, surpassing the 2,66,256 votes received by the Congress candidate, Sonal Patel.
Modi 3.0 in action: NDA's 100-day dash unveiled with key ministry moves
With the National Democratic Alliance assuming power, all Union ministries are set to launch their 100-day plans. ET provides a snapshot of the key government initiatives and actions planned for the next three months.
Modi 3.0: Growth sequel starring jobs, investment
The full budget, likely to be presented early in July, will detail specific measures toward this end. "The focus would be to promote labour-intensive growth that will create jobs, with continued emphasis on macroeconomic stability," a top government official aware of the details told ET. A host of measures on startups and taxation - including inverted duty structure correction, along with GST rate rationalisation - is under discussion, said the person cited above.
Investment returns during coalition govt: Modi 3.0 might be good for stock market, mutual fund investors, show trends during previous govts
How will be Modi 3.0 for investments? The stock market experienced a sharp decline following the Lok Sabha elections 2024, causing concern among young investors. They are worried about their investments as a coalition National Democratic Alliance (NDA) government prepares to take oath on June 9, 2024. Will the volatility in the stock market continue? How will NDA-3.0 be for your hard-earned money? Is there a bad government for your investments? Should the incoming government worry debt investors? Should you invest in equities, mutual funds or debt instruments? Questions such as these are worrying investors. So here are some answers that should give an idea of what is in store for you in the next five years.
Hot Stocks: CLSA lists stocks that could benefit from the 100-day plan for Modi 3.0
Global brokerage CLSA lists out stocks such as L&T, IRB, and NCC, among others that can benefit from Modi 3.0's 100-day plan, while Goldman Sachs is positive on private banks, Jefferies prefers Aavas Financiers, Can Fin Homes as top housing finance companies and Morgan Stanley are overweight on HDFC Life.
Commodities as a sector will get re-rated globally: Sandeep Tandon
So far, we have seen power I think the continuity of that space will continue. Anything related to storage aspect on the energy you are talking about and maybe a lot of speculation is going on, the taxation related changes coming, GST will be part of these things.
Nifty bulls scream 'Abki baar 24,000 paar' after exit polls predict Modi 3.0
Exit polls indicate a potential hat-trick win for PM Narendra Modi in Lok Sabha, boosting Nifty's rally hopes to cross 24,000. Market analysts foresee a surge if BJP secures victory on June 4.
India's Make-in-India defence projects, include K-9 Vajra Howitzers and fighter jet engines, await post-election approval
India's defence agenda post-elections includes crucial projects like acquiring K-9 Vajra howitzers and Su-30 MKI fighter aircraft engines. These projects, initially scheduled for approval in March, were postponed. Hindustan Aeronautics Limited (HAL) will produce the engines, worth approximately Rs 20,000 crore, aiding in indigenisation efforts. Additionally, the proposal to purchase 100 more K-9 Vajra SP howitzers is under consideration, reflecting the Indian Army's evolving needs. Various defence research and development programs await government clearance, signaling significant advancements in indigenous defence capabilities.
'The Kardashians' Season 5: Premiere date, star cast, how to watch it for free
The Kardashians are back with much more essence and aura as 'The Kardashians' latest season drops in soon. The episodes will drop once a week as the season ends streaming in July, according to recent reports.
Blue print for first 100 days of third term ready, says PM Modi
Prime Minister Narendra Modi announced the blue print for the first 100 days in his third term at an election rally in Kalyan, Maharashtra. The plan, nearly complete, will begin after June 4 to ensure timely decision-making. Secretaries, senior officials, and ministries are actively involved in the preparation, with multiple meetings and presentations to coordinate the goals formulation.
Modi 3.0 aims at 50-70 goals for 100-day agenda, final meetings on
The Modi 3.0 governance plan, starting with the first 100 days agenda, is expected to include 50 to 70 important goals and recommendations to establish the tone and intent of the new government. The list is being arranged in order of significance and priority. The government is in the final stages of drafting a new governing agenda for the next term, which will contain the first 100 days of planning, midterm and long-term goals.
After Abigail, here are the top 5 vampire thrillers to check out this summer
2024 has delivered yet another vampire thriller Abigail for fans and across decades, this genre is celebrated due to the mix of thrill, horror, and excitement that it brings due to its gripping storylines.
10 new cities coming up in India? That's Modi 3.0's ₹10,000 crore plan
Indian government officials are considering a 100-day agenda if Prime Minister Narendra Modi wins re-election, including subsidising home loan interest, creating new urban centers, and reducing bankruptcy delays. The ambitious plans aim to boost manufacturing, improve living conditions, and drive growth in various sectors.
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