PRODUCTS AND SERVICES
![HDFC Bank leads financial sector rally, powering D-Street to all-time highs](https://img.etimg.com/thumb/msid-111458749,width-100,height-75,resizemode-4/markets/stocks/news/hdfc-bank-leads-financial-sector-rally-powering-d-street-to-all-time-highs.jpg)
HDFC Bank leads financial sector rally, powering D-Street to all-time highs
The 30-stock S&P BSE Sensex reached a record high of 80,074.3 before closing the session at 79,987, up by 545 points or 0.69%. Meanwhile, the broader Nifty hit a peak of 24,309.15 before ending the day at 24,287, gaining 163 points or 0.67%.
![Shah Rukh Khan’s Red Chillies posts net profit of Rs 85 crore in FY23](https://img.etimg.com/thumb/msid-111330384,width-100,height-75,resizemode-4/industry/media/entertainment/shah-rukh-khans-red-chillies-posts-net-profit-of-rs-85-crore-in-fy23.jpg)
Shah Rukh Khan’s Red Chillies posts net profit of Rs 85 crore in FY23
Revenue rose 2.3 times to Rs 300 crore from Rs 130 crore in FY22, the filings with the Ministry of Corporate Affairs showed. The privately held company has yet to report results for the fiscal year through March 2024.
![Modi 3.0 takes aim: Blueprint to make the Indian armed forces future ready](https://img.etimg.com/thumb/msid-110941568,width-100,height-75,resizemode-4/news/defence/modi-3-0-takes-aim-blueprint-for-making-indian-armed-forces-future-ready.jpg)
Modi 3.0 takes aim: Blueprint to make the Indian armed forces future ready
India faces growing security challenges from China and Pakistan, prompting calls for a robust and integrated defence strategy. This includes bolstering nuclear deterrence, enhancing military capabilities, and pushing for systemic reforms in defence production and organization. The new government must prioritize these measures to ensure national security and strategic autonomy in the coming years.
![New govt not in favour to sell stake in OMCs, says Oil Minister Puri](https://img.etimg.com/thumb/msid-110897335,width-100,height-75,resizemode-4/industry/energy/oil-gas/petrol-diesel-under-gst-new-govt-hopes-to-get-an-old-task-done-not-in-favour-to-sell-stake-in-omcs.jpg)
New govt not in favour to sell stake in OMCs, says Oil Minister Puri
India's oil minister, Hardeep Singh Puri, has announced plans to bring petrol, diesel, and natural gas under the Goods and Services Tax (GST) as part of the new cabinet. Puri emphasized that the government is not in favor of stake sales in state-run oil firms, following the scrapping of the Bharat Petroleum Corporation Ltd (BPCL) divestment process in 2022. The Indian firms are also in talks for a term oil deal with Russia.
![Why breaks are important to work hard and achieve success, of both employees and organisations](https://img.etimg.com/thumb/msid-110869030,width-100,height-75,resizemode-4/jobs/mid-career/why-breaks-are-important-to-work-hard-and-achieve-success-of-both-employees-and-organisations.jpg)
Why breaks are important to work hard and achieve success, of both employees and organisations
Aditya Narayan Mishra, Managing Director and CEO of CIEL HR Services, emphasizes the importance of breaks and holidays for workplace respect and gratitude. Somdutta Singh, Founder and CEO of Assiduus Global Inc, highlights the role of breaks in preventing burnouts and promoting overall well-being.
![Electronics cos charged up for big revenue boost, set to double revenues to $55 billion by FY2027](https://img.etimg.com/thumb/msid-110853966,width-100,height-75,resizemode-4/industry/cons-products/electronics/electronics-cos-charged-up-for-big-revenue-boost.jpg)
Electronics cos charged up for big revenue boost, set to double revenues to $55 billion by FY2027
India's EMS industry revenues are projected to double to $55 billion by FY27, driven by local component sourcing. Apple, Samsung, Lenovo, and other global firms are set to expand operations in India.
Midcap IT companies in India poach talent from industry majors
Midcap IT companies in India are attracting more employees from larger rivals in the past two years. This trend is seen in the technology services sector amidst macroeconomic challenges and a focus on hiring deployable talent.
Rising employee productivity to boost IT cos in hard times
Top tier IT exporters see rising employee productivity amidst challenges like revenue deceleration, shrinking margins, and lower headcount in FY24.
Food safety violations at Blinkit warehouse: Telangana authority to issue notice
Several products in the Blinkit warehouse were found to have expired and were seized, Telangana's Commissioner of Food Safety said on Thursday. The raid found that cosmetic products were stored with food items and that the licence of Congruence Trade and Services Pvt Ltd – one of the manufacturers of Whole Farm brand – was not as per the Food Safety and Standards Act.
Top IT companies focus on employee productivity amid demand uncertainties
Amid revenue deceleration, shrinking margins and lower headcount, a silver lining for the top tier IT exporters is the rising employee productivity aided by streamlining of human resources through meticulous bench management.
Food safety officials find violations at Blinkit warehouse near Hyderabad, share photos on social media
The Commissioner of Food Safety in Telangana reported on social media that a recent inspection of the Blinkit warehouse in Devar Yamjal, Medchal Malkajgiri District, found the premises disorganized, unhygienic, and dusty, particularly around the storage racks.
How Donald Trump's prison sentence could look: Secret Service guard, strip searches, and no hair product
Details have emerged regarding potential prisons where former US President Donald Trump could be lodged, if he is sentenced to undergo a prison term.
Temu will have to comply with tougher EU online content rules, EU says
Temu, a fast-fashion e-commerce retailer under the PDD Group, is required to comply with strict EU online content rules as a very large online platform (VLOP) under the Digital Services Act (DSA), facing penalties of up to 6% of their global annual turnover for violations.
Jio Financial Services launches app to take on its fintech rivals
Jio Finance will offer UPI payments, bill payments, insurance advisory and digital banking. Eventually Jio Financial Services will offer credit products like loans against mutual funds, home loans and others to its customers through the app.
India's pharma export sales to grow faster this year
India's pharmaceutical exports are projected to grow nearly 11% this fiscal year, up from about 10% last year, driven by the U.S. and UK markets, according to Pharmexcil. Exports are expected to surpass $31 billion, rising from nearly $28 billion in fiscal 2024, despite quality concerns following cough syrup-linked deaths.
Extreme summer heat & loss of productivity lead to an all-time high demand for delivery personnel
Extreme summer heat, rising absenteeism, and productivity loss have led to a high demand for last-mile delivery and warehouse personnel in India. About 2,000 delivery personnel are dropping off daily in quick commerce and 5,000 in food delivery, with an estimated 2.1-2.2 lakh people needed for replacement hiring daily. The monthly attrition of riders, warehouse staff, pickers, packers, and loaders is at a high of 30-40%.
Compensation gap between private & public sector widens in FY23
Total compensation of employees working with private corporations increased to 13.5% of the GDP in FY23 from 12.8% in the previous year while households, which largely represent the informal sector, saw their wages rise to the highest level in nine years to 8.5% of the GDP in FY23 from 8.4% in FY22.
Mahindra & Mahindra Finance secures IRDAI license to offer tailored insurance plans
The corporate agency license would help in broadening Mahindra Finance’s product portfolio by incorporating insurance solutions. It would help customers with their financial and insurance needs being met by a single entity. The process would augment the company’s existing sources of revenue and profits as it deploys its common infrastructure of branch network and feet on street.
Where should I invest Rs 1 crore to get monthly income of Rs 1 lakh?
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