Morning News
- India’s gold jewellery demand fell 17% year-on-year to 106.5 tonnes in the April-June quarter, while total gold demand fell 5% to 149.7 tonnes: World Gold Council.
- Foreign investors can no longer buy new government bonds of 14 and 30-year tenures through the fully accessible route (without any restrictions), effective immediately: RBI’s new guideline.
- Akums Drugs IPO has been subscribed 1.37 times. Retail subscription: 3.35 times. Open till 1 Aug.
- News Headlines from Business News Agencies :*
*Business Standard :*
📝 April-June fiscal deficit at Rs 1.36 trillion, 8.1% of 2024-25 target
📝 Indian Overseas Bank invites EoIs from ARCs for Rs 1,100 crore bad loans
📝 Production growth in key infra sectors down to 4% in June, shows data
📝 Bina Modi to recommend Samir’s appointment to Godfrey Phillips Board: Court
📝 Mankind Pharma Q1 results: Profit up 9.9% at Rs 543 cr; revenue rises 12%
📝 DMRC to prepare project report for Indore-Ujjain, Pithampur metro corridors
📝 Ind-Ra ups FY25 GDP growth forecast to 7.5% on expectation of high demand
📝 BHEL Q1 results: Net loss widens to Rs 211.4 crore on higher expenses
📝 PNB MetLife launches of Bharat Manufacturing Fund in ULIP segment
📝 JSW Cement enters race to acquire promoter stake in Orient Cement
📝 China’s mfg activity seen extending decline for 3 straight month in July
📝 Toyota to set up mfg plant in Maharashtra; likely to invest Rs 20k cr
*Economic Times :*
📝 Thales-Garuda alliance seeks to propel India as a global drone hub by 2030
📝 Boeing posts bigger loss as defense business struggles to turn around
📝 Indian outbound tourism likely to reach $55,388.41 million by 2034: FICCI-Nangia Report
📝 Ather Energy to sign long-term battery supply contract with Amara Raja
📝 Mumbai property market sustains record-breaking streak with best-ever July
📝 India’s semiconductor industry to grow to $109 billion by 2030: MoS IT tells Lok Sabha
📝 NSE launches India’s first website for passive funds
📝 Credit slows down across sectors in June except loans to corporates and housing
📝 Attero launches e-waste recycling platform ‘Selsmart’ for consumers
📝 CRISIL reports healthy 13-14% revenue increase for India’s dairy industry this fiscal year
📝 Radisson Hotel Group launches new Meetha by Radisson stores in Borivali and Bandra
*Mint :*
📝 Structural reforms bolster India’s macro stability, says Morgan Stanley
📝 M&M Q1 Results: Net profit drops 5% to ₹2,612 crore, revenue rises 12% YoY
📝 Godrej Properties clocks ₹8,637 cr of sales booking in June quarter
📝 Intel to cut thousands of jobs to cut costs, bounce from flat earnings: Report
📝 India’s Akasa Air eyes flights to Asia’s tourist hotspots
📝 Gold demand in India expected to be 750 tonnes in 2024: WGC India CEO Jain
📝 Adidas sees improving business trends as it pushes ahead with transition
📝 Riju Raveendran has raised ₹158 crore to repay BCCI, Byju’s tells NCLAT
📝 SpiceJet delays June salaries after defaulting on provident fund dues: Report
📝 Above-normal rains to support 5% farm output growth this year: Niti Aayog member
📝 Investors eye 12% returns from SGBs redemption on August 5: Report
📝 Piyush Goyal Asks Indian Industry to Cooperate Amid FTA Talks
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