Monday, July 4, 2022
ONDC to give public access by August, has 150 entities on board yet

ONDC to give public access by August, has 150 entities on board yet

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Seven companies - one buyer side app, five seller side apps, and one logistics service provider app - have built their own ONDC compatible apps Topics ecommerce | Logistics industry | phone apps Open Network for Digital Commerce (ONDC), the ambitious programme of the Union government to democratise the fast-growing e-commerce sector, will start opening up its platform for
Wall Street begins second-half with losses on economic growth worries

Wall Street begins second-half with losses on economic growth worries

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Dow Jones Industrial Average was down 114.85 points, or 0.37%, at 30,660.58, the S&P 500 was down 9.89 points, or 0.26%, at 3,775.49 Topics Wall Street | Dow Jones Industrial Average | S&P 500 Reuters  Last Updated at July 1, 2022 21:20 IST Wall Street started the second half of the year on a dull note on Friday as
Auto sales jump in June as global semiconductor shortage eases

Auto sales jump in June as global semiconductor shortage eases

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Maruti Suzuki dispatched 128,999 units to its dealers in June as against 128,432 units in the same period last year Topics Auto sector | Auto sales | semiconductor industry Auto sales in June advanced for most manufacturers as the global semiconductor shortage, which had been crippling production for a year and a half, is easing. Auto companies in India
Beverage firms scramble to import paper straws as plastic ban kicks in

Beverage firms scramble to import paper straws as plastic ban kicks in

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However, beverage companies have resorted to different measures to ensure that stocks in the supply chain are not sold with plastic straws Topics plastic ban | Ban on plastic | plastic ban in India Amul, which also sells buttermilk in tetra packs, is resorting to the use of PLA-based straws as they are cheaper compared to paper straws. As
Profit at country’s top-10 biz groups grows at 30.6% CAGR to Rs 2.57 trn

Profit at country’s top-10 biz groups grows at 30.6% CAGR to Rs 2.57 trn

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Six of the top-10 groups by revenue reported 35%-plus CAGR in combined profits the past three years; gains were led by groups with big play in industrial metals Topics corporate earnings | corporate margins Krishna Kant  |  Mumbai  Last Updated at July 1, 2022 21:13 IST The companies in the Business Standard sample reported combined net sales
Most asset classes bled in the first 6 months of CY22, shows data

Most asset classes bled in the first 6 months of CY22, shows data

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Domestic large-caps performed well when compared with global peers, with the Sensex dropping 9 per cent in the first six months of CY22 against a 20 per cent fall in the MSCI World index Topics Inflation rise | Sensex | Brent crude Real estate prices firmed up a bit as developers raised prices to offset rising input costs. Most
Kotak Trustee, 6 others fined over Essel exposure

Kotak Trustee, 6 others fined over Essel exposure

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The Securities and Exchange Board of India (Sebi) on Thursday imposed penalties on Kotak Mahindra Trustee Company; Nilesh Shah, managing director, Kotak Mutual Fund; Laxshmi Iyer, chief investment officer (debt); and four others over the fund house’s exposure to securities issued by the Essel group. The total penalty imposed on the Kotak Trustee and six
Sebi levies Rs 11-crore fine on eight entities in algo software case

Sebi levies Rs 11-crore fine on eight entities in algo software case

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The Securities and Exchange Board of India (Sebi) imposed a penalty of Rs 11 crore on eight entities for violation of corporate governance and wrongful sharing of data by the National Stock Exchange (NSE) for development of software on algorithm trading. The case dates back to a period between 2009 and 2016 when the exchange
Bengal logs 1,524 new Covid cases, positivity rate jumps to 12.89%

Bengal logs 1,524 new Covid cases, positivity rate jumps to 12.89%

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West Bengal reported over 1,000 fresh COVID-19 cases for the second consecutive day on Thursday, as 1,524 more infections pushed the tally to 20,29,425, the health department said. Topics Coronavirus Tests | Coronavirus | Coronavirus Vaccine West Bengal reported over 1,000 fresh COVID-19 cases for the second consecutive day on Thursday, as 1,524 more infections pushed the tally to
Hundreds of thousands of people in Puri as countdown begins for Rath Yatra

Hundreds of thousands of people in Puri as countdown begins for Rath Yatra

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As the countdown for the much-awaited Ratha Yatra of Lord Jagannath begins, thousands of devotees from across the country have started thronging this pilgrim town Topics Jagannath Rath Yatra | Rath Yatra | Religious tourism As the countdown for the much-awaited Ratha Yatra of Lord Jagannath begins, thousands of devotees from across the country have started thronging this pilgrim