Nifty 50 Records Longest Weekly Winning Streak: The Nifty 50 index has recorded its longest weekly winning streak of 2024, closing at a record high. This reflects a strong performance in the Indian stock market despite global economic uncertainties.
Coal India and GSFC Among Top Dividend Payers: Coal India and Gujarat State Fertilizers & Chemicals (GSFC) are among the top 10 firms paying high dividends, highlighting their strong financial performance and shareholder return strategy.
Amazon's Expansion Plans in India: Amazon has announced plans to invest an additional $15 billion in India by 2030, increasing its total investment to $26 billion. This move comes as part of Amazon's aggressive growth strategy in the Indian market.
Google to Export India-Made Pixel Smartphones: Google is set to export Pixel smartphones manufactured in India to Europe and the US. This initiative is part of its partnership with Foxconn in Tamil Nadu, positioning India as a significant hub for tech manufacturing.
Interest Rates for Provident Funds Unchanged: The Indian government has decided to keep the interest rates for small savings schemes, including General Provident Fund (GPF), unchanged for the July-September quarter of 2024. This decision aims to provide stability in the current economic environment.
Modinomics 3.0 and FMCG Sector Challenges: The FMCG sector in India is facing stress, particularly in mass-consumption and rural segments. Business Today explores the challenges and economic strategies under "Modinomics 3.0" aimed at addressing these issues.
These highlights provide a snapshot of the key developments in India's business and finance sector today.