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The Union Budget 2024-25, set to be presented by Finance Minister Nirmala Sitharaman on July 23, aims to chart India’s path to becoming a developed nation by 2047. Key focus areas include infrastructure development, digital transformation, MSME support, and financial inclusion. Market expectations highlight potential changes in import duties, retail sector boosts, and significant reforms in the education sector.
Following multiple suicides due to harassment from private lenders, a crackdown has been initiated which will continue till July 31. As many as 134 FIRs have been filed in the special drive against 226 people who were lending money at excessive interest rates and subsequently pressing the borrowers to pay back.
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Speaking at a recent event, the Paytm CEO discussed the RBI's action against the company, acknowledging that they could have handled their responsibilities better and stating that they have learned their lesson.
The statement was made three months after the Ola group severed their relationship with Microsoft Azure and transferred all of their workload to their internal artificial intelligence (AI) company, Krutrim. With this shift, the firm is expected to save Rs 100 crore in expenses per year.
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Although Gujarat harvests a mere 7.42% of the country's potato production, Food Processing companies like McCain Foods, Iscon Balaji Foods and HyFun Foods produce frozen potato products which constitute the major chunk of the export.
As part of its efforts to streamline its workforce, Microsoft has announced layoffs. Employees in roles of product and program management have reportedly been affected at large by the layoff.
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Responding to SEBI's 46-page notice, Hindenburg termed it "nonsense, concocted to serve a pre-ordained purpose: an attempt to silence and intimidate those who expose corruption and fraud perpetrated by the most powerful individuals in India".
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