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Business Stories
Reforms in pension scheme, tax on deposits, PSBs’ consolidation must be on Centre’s agenda: SBI Research – World News Network
The key reforms brought in over the past decade were Jan Dhan; Digitization, financial inclusion; recapitalisation of PSBs; API-based banking; Insolvency and Bankruptcy Code; GST; and platform business models, among others.
Global investments in Indian government bonds firm, attributable to JPMorgan index inclusion – World News Network
Overseas investments into India's sovereign bonds (or G-Secs) were firm last week with an inflow of USD 403 million, soon after the government bonds were officially added to the JPMorgan Chase & Co's benchmark emerging-market index -- Government Bond Index-Emerging Markets (GBI-EM).
Filatex Fashions Ltd Board Approves 5-for-1 stock split – World News Network
Hyderabad (Telangana) [India], July 8: Hyderabad-based leading socks and cotton products manufacturing company Filatex Fashions Ltd has approved 1:5 (5-for-1) stock split to enhance the liquidity in the capital market and widen the shareholder base.
Private sector banks in India lead market cap surge; Axis Bank shines with 20.9 pc growth: S&P GCI – World News Network
The data highlights a surge in the market capitalization of private sector banks for the three months ending June 30, with the sector showing stronger metrics compared to their public sector counterparts.
Tata group airlines concludes harmonisation of the operating procedures of all four carriers – World News Network
Tata Group airlines have concluded the harmonisation of the operating procedures across its key functions, including harmonisation of the supporting manuals across all four carriers, reaching an important milestone in the merger of four airlines into two.
Government reopens application window for PLI scheme for white goods – World News Network
According to a press release by the Ministry of Commerce and Industry, this reopening offers a 90-day window from July 15, 2024, to October 12, 2024, for new and existing beneficiaries to submit their applications.