EPFO sees marginal dip in addition of net employees in Jan
Month-on-month comparison of the addition of formal workforce, however, shows an increase of 15.6% with December net employee addition at 1.28 million compared to 1.48 million in January. Key Points
Economic TimesCompanies coming out in support of gender transitioning staff
Companies such as HUL, Tata Steel, Accenture, Deloitte, KPMG, Zomato, Vedanta, Cummins India, Good Glamm and Publicis Sapient are providing support for GRS, including financial assistance, in addition to meeting emotional and psychological needs of employees in their journey to the transition, said the executives. HUL and Cummins India, among others, have also recently updated dress code policy to be more inclusive and neutral, they said. Key Points
Economic TimesSIPs turn into gulps: 2024 begins with a bang
Gross addition of accounts was also the highest on record at 5.1 million last month, while new SIP account to closure ratio — a measure to gauge how many SIPs accounts opened for one closed — was the best in 25 months at 2.18. The monthly SIP book at Rs 18,872 cr was 7% higher from Dec, the fastest sequential growth in 21 months Key Points
Economic TimesRaghuram Rajan has become a politician, doing 'shadow-boxing on someone's behalf': Ashwini Vaishnaw
Former RBI governor Rajan had accompanied Congress leader Rahul Gandhi briefly in Rajasthan during the nationwide Bharat Jodo Yatra that stretched from Kanyakumari to Kashmir. In between the country-wide march, Gandhi had also interviewed the senior economist. Key Points
Economic TimesAuto companies flag local value addition math under PLI
A minimum 50% domestic value addition (DVA) is a key condition for companies to qualify for subsidies under the scheme. The intention is to promote local manufacture of new technology products such as electric vehicles (EV) rather than subsidising imports. Key Points
Economic Times
With slew of new launches, Auto Inc set for a happy new year
India's passenger vehicle market, valued at ₹4.5 lakh crore, has been outpacing volume growth and the trend is likely to continue with the spate of new models led by EVs, which enjoy a superior realisation. Carmakers will likely clock ₹25,000-30,000 crore of incremental revenue from new model sales, according to analyst estimates. Key Points
Economic TimesIndia’s nuclear power capacity to increase by 70% in five years
The country's installed capacity is projected to rise from the current 7.48 GWe to 13.08 GWe by 2029, representing an addition of seven new reactors. Key Points
India TodayInvestors prefer small cap funds amid bullish sentiment
The share of the small-cap folios in the total equity folio increased 269 basis points to 12.2% in June 2023, highest growth among all equity fund categories. The equity folio count was at a record high of 10 crore at the end of the month. Key Points
Economic TimesPassport offices overflowing with Gujaratis attempting to fix traditional 'suffixes' in their names
Officials at the RPO acknowledged that this linguistic practice stems from the region's speech patterns. However, it becomes problematic when the suffixes vary across the documents required for passports and visas. Wren Mishra, from RPO Gujarat, disclosed that they receive approximately 4,000 daily applications, of which around 1,000 pertain to name changes, alterations in birthplace, or adjustments in birth dates. Of these, approximately 800 requests involve the addition or removal of suffixes like 'ben,' 'bhai,' and 'Kumar.' Key Points
Economic TimesUpcoming Q4 results: From Adani Transmission to IRCTC here are the corporate earnings to watch this week
Consistent FII buying may maintain investor confidence on Dalal Street this week, in addition to experts anticipating that India's FY23 GDP would only barely outperform the initially projected 7.0% growth rate. Key Points
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