ASPIRATIONAL DEMAND
Haryana government’s policy on fourth floor to keep the realty price in check
The Haryana government's decision to allow construction of stilt plus four floors in residential sectors is set to boost housing demand in Gurgaon and curb soaring prices, experts say. The move, following a ban on fourth-floor construction last year, will provide opportunities for homebuyers and developers, leading to increased supply in high-demand areas like Gurgaon, benefiting both the real estate market and aspiring homeowners.
'Well planned': Pralhad Joshi slams CM Siddaramaiah over demand for more Deputy CMs in Karnataka
"Congress has been nearly wiped out in Karnataka, and they are now taking revenge on the people. As far as industrialization and development are concerned, the Congress government is indulging in politics over additional Deputy CM posts, which is creating lots of confusion," the Union Minister said on Saturday.
Civil Services aspirant turned burglar shoots private video of a couple; blackmails them
According to Sub-Divisional Officer of Police (Dhamdha) Sanjay Pundhir, Sahu had entered the couple's house in Ahiwara village, Nandini police station area, with the intent to steal early last month. Instead of committing theft, he used his mobile phone to record the couple in an intimate moment. Sahu then demanded Rs 10 lakh from the couple, threatening to make the video public.
Jio pays Rs 973.63 cr to buy 1800 MHz in Bihar, West Bengal
Reliance Jio has acquired additional spectrum in the 1800 MHz band in Bihar and West Bengal, spending Rs 973.63 crore. The acquisition aims to address geography-specific demand and ensure quality of service. Jio's spectrum footprint increased to 26,801 MHz (Uplink + Downlink), solidifying its leadership position. The technology-agnostic band, which includes 5 MHz in Bihar and 9.4 MHz in West Bengal, can be paid over 20 annual instalments at 8.65% interest per annum.
Fancy a career in gaming? Check out the in-demand roles, skills and more
Video games have evolved from mere leisure activities to lucrative career options, driven by technological advancements and increased accessibility. The industry demands skilled professionals like developers, designers, and testers. Various courses and certifications cater to these roles, enhancing employability. Essential skills include proficiency in game engines, programming languages, and soft skills like creativity and communication.
Mend, don't throw away the safety NTA
Fixing NTA will also require regaining public trust. The committee must engage with stakeholders as well as experts, who can provide guidance on creating fail safes to localise and minimise impacts should the system be breached. Options for leveraging technology to improve the process and system - drawing on successful practices of similar organisations like ETS in the US - should be on the agenda.
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NEET-2024: Prime accused confesses to arranging question papers for four candidates
Prime accused Yadvendu admitted arranging question papers for NEET aspirants, demanding Rs 40 lakh each. Confessional statement detailed contacts with Nitish Kumar and Amit Anand, known for leaking exam papers like NEET. Yadvendu provided leaked paper to candidates including his nephew Anurag Yadav before the NEET-UG 2024 exam.
NEET aspirants say little faith in NTA, want retest option for all candidates to be considered
Many medical aspirants are calling for a retest of NEET-UG 2024 due to irregularities, paper leaks, and inflated merit list, despite the cancellation of grace marks for 1,563 students. Protests are being held nationwide by student bodies and political youth wings, with demands for thorough inquiries and universal retests as some students express lost faith in the exam's integrity. The Supreme Court has intervened, seeking responses on petitions regarding the exam's alleged irregularities.
Akme Fintrade IPO Day 1: Issue fully subscribed on strong retail, NII demand
Akme Fintrade India's IPO was completely subscribed shortly after opening on Wednesday, fueled by enthusiastic participation from retail and NII investors. The offering concludes on June 21st.
Third Eye: BJP's poor UP results, Uddhav's backchannel talks, and Naidu's speaker aspirations in focus
Political circles are buzzing with a mix of speculation and intrigue following several key events. The BJP's poor performance in Uttar Pradesh has spurred numerous theories. Meanwhile, Uddhav Thackeray, during a joint press conference with Sharad Pawar and Congress leaders, humorously deflected questions about rumoured backchannel talks with BJP to join NDA, evoking laughter among the leaders. Additionally, Andhra Pradesh CM N Chandrababu Naidu's strategic manoeuvre to assert TDP’s claim on the Speaker’s post has sparked curiosity.
NEET exam row: AAP protests at Jantar Mantar, demands SC monitored probe
AAP leaders gathered at Jantar Mantar to protest alleged NEET exam irregularities, demanding a Supreme Court-monitored probe. Delhi Health Minister Saurabh Bharadwaj highlighted the Bihar incident where exam questions leaked, calling for a thorough investigation into the matter. He emphasized the need to ensure fairness for the 24 lakh NEET candidates and proposed a committee monitored by the apex court. The NEET-UG 2024, conducted by NTA, saw widespread participation with over 24 lakh candidates at 4,750 centres in 571 cities.
NEET-UG row: Protest in West Bengal, TMC demands SC-monitored probe
NEET-UG Result Row: Protests near West Bengal Education Department headquarters in Salt Lake accused of irregularities in NEET-UG exam and delay in state college admissions. TMC supported students, demanding Supreme Court-monitored probe. AIDSO members with placards were detained by police while heading to Bikash Bhavan. TMC criticized BJP government, calling NEET-UG scandal a major scam. Grace marks decision for NEET-UG candidates cancelled, offering re-test on June 23.
Market size expected to reach 25 million units by 2030: B Thiagarajan, Blue Star
See, tier three, four, five have been contributing significantly. My estimate is that close to 65% for the industry comes from tier three, four, five. In our case, it is around 68% or so. The important thing is more than 90% are first-time buyers and Nilesh will be able to explain further, the consumer finance scheme led sales is touching around 55%.
AAP, Congress slam Centre over irregularities in NEET exam, demand investigation
Taking to X, AAP shared a video that described the NEET exam scam, "The National Testing Agency (NTA) released the scorecard of NEET UG results on June 4- the same day the counting of votes for the Lok Sabha was held. A total of 67 students secured rank 1 in the exam. Six students, among the candidates who achieved rank 1, have taken the exam at the same centre. Many students secured 720 out of 720 or 718 or 719 out of 720. The government that cannot able to conduct examinations transparently is corrupt."
Rural demand as healthy as urban demand for SUVs: Tarun Garg, Hyundai Motor India
I have been in the industry for 30 years and we had always imagined that the rural customers would prefer smaller cars but there also aspirations are taking over. And also the second thing is that because the infrastructure has really improved and also the dissemination of information has really improved, the aspirations of the rural customers are also shifting them towards SUVs.
Surge in credit demand will boost the banking sector: Ashish Gupta, Axis Asset Management
"We want to ensure that one style does not get imposed on all products and there is enough diversity of styles and products," says Ashish Gupta, CIO, Axis Asset Management.
Gas needs a new pricing meter
What could future policy look like? Pricing policy needs to be simplified and streamlined with global norms. Ensuring linkage to rolling averages of global benchmarks like Brent or other global benchmarks, along the C Rangarajan committee recommendations, would sustain the balance between consumers and producers. This should be implemented alongside more uniform gas pricing. One price could be benchmarked for LNG imports, another for domestically produced gas from regular fields, and one higher price for more difficult fields like ultra-deep and high-temperature high-pressure fields.
Mumbai property market continues record-setting spree with best-ever May
The country’s commercial capital witnessed more than 11,917 property registrations during the month, up 21.3% from a year ago. The performance led to the state exchequer fetching revenue worth over Rs 1,029 crore through stamp duty collection, up 23.5% on-year, showed data from Inspector General of Registration (IGR) and Controller of Stamps, Maharashtra.
SUVs roar on country roads as sales from rural India sees a spike
Hyundai Motor's top three cars sold in rural India during January-April 2024 were all SUVs, nudging out the small car Grand i10 from the podium for the first time. SUVs such as Exter, Venue, and Creta accounted for two-thirds (67%) of Hyundai's rural sales in the first four months of the calendar year.
Tesla drops reference to its goal of delivering 20 million vehicles annually in impact report
Tesla's latest impact report excludes the goal of delivering 20 million vehicles annually by 2030, shifting focus to robotaxis, diverging from Musk's 2020 target to outsell Toyota by nearly double.
V-Mart expects to grow 18-19% this year, says Lalit Agarwal
Lalit Agarwal, Founder & MD of V-Mart Retail, aims for 18-19% growth in a value-driven retail sector. Improved footfalls and consumer demand in smaller towns are observed. Efforts focus on providing best products, prices, and catering to Gen Z preferences. The Limeroad acquisition's impact on online burn and future scale-up plans are under scrutiny.
Karnataka Chief Minister Siddaramaiah rules out Cabinet revamp after LS polls results, leaves aspirants disappointed
Chief Minister Siddaramaiah denies ministry revamp post Lok Sabha results, disappointing ministerial aspirants including former ministers, senior MLAs in boards, corporations. Senior MLAs hope for Cabinet reshuffle post Congress leadership's tasks assignment for LS polls success aiming double-digit seats. Senior MLAs expected to discuss future course of action, exert pressure on party leadership.
Skilling and education has been embedded to allow portability to the youth: MSDE Secretary Atul Kumar Tiwari
Addressing a session at the Confederation of Indian Industry’s Annual Business Summit 2024, Tiwari said the idea is to bring skilling and education on a common platform which enables multiple entry and exits between education, skilling and employment through credits that in turn will help individuals scale up in their careers.
'Rising number of skilled Indian nurses seek overseas opportunities despite domestic demand'
The demand for skilled nurses in India is set to grow by 17-18% by 2027. Trained nurses are increasingly opting for opportunities abroad due to better pay and family visa programs, with Kerala playing a key role in healthcare migration.
Small cars will be big again, says Maruti Suzuki
Maruti Suzuki anticipates a recovery in small car sales due to economic growth. The company aims to capitalize on this trend by introducing new models to cater to diverse customer segments and enhance vehicular safety standards. Small-car sales fell 12% in FY24.
In FY25, Godrej Properties hopes to build on strong operating momentum of last year: Pirojsha Godrej
Godrej Properties anticipates strong growth in FY25, leveraging active business development in key markets. The real estate company is also going to focus on timely customer cash collections and maintaining debt levels between 0.5 to 1 band for sustained growth. Godrej says: "we are kind of mid-cycle now so that we will have another good year of real estate demand ahead."
Our aspiration is to make Persistent a $2 billion plus company in next three years: CEO
Persistent Systems CEO Sandeep Kalra discusses the company's growth strategy amidst challenging market conditions, focusing on leveraging investments in generative AI and sales/marketing to achieve margin growth goals in the upcoming years. Kalra says: "We want to grow in line with what we have done in the past from an outperformance perspective and that is what we are looking at. "
4 out of 5 SME IPOs sail through within hours of opening today
As many as five SME IPOs opened for subscription earlier on Tuesday and four of them sailed through within hours of opening, as usual, backed by strong retail interest.
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