The marginal Service anime reveals new staff & release date in the latest promo
Anime enthusiasts are in for a treat with the upcoming premiere of The marginal Service. The anime's promotional video not only unveiled the premiere date of April 11th but also showcased the opening theme song "Quiet explosion" by Mamoru Miyano. Key Points
Hindustan TimesIncome deficiency: 68% of marginal farmers also engaged in non-farming activities
According to the Agriculture Census (2015-16), average landholding of marginal farmers is 0.95 acres. marginal farmers predominantly grow paddy, wheat, maize and mustard. Key Points
FinancialexpressSharp rise in MCLR to intensify policy transmission next fiscal
The report notes that banks have drawdown Rs 5 lakh crore from the reverse repo window in FY23, which has enabled them to address a surge in the gap between incremental credit and deposits, but this will not be available in FY24. Therefore, MCLR will show a significant rise, the report noted. Key Points
Economic TimesBanks likely to pump MCLR pricing by 100-150 bps in FY24 as funds gap widens: Report
The report notes that banks have drawdown Rs 5 lakh crore from the reverse repo window in FY23, which has enabled them to address a surge in the gap between incremental credit and deposits, but this will not be available in FY24. Therefore, MCLR will show a significant rise, the report noted. Key Points
Economic TimesNo big impact felt at shopping malls; brands report wedding season lift
People have time till September to use the money, and that is the reason there is no rush this time. The business had started picking up from last week due to the wedding season and we believe that will continue, said a leading mall operator who did not wish to be identified. Key Points
Economic Times
marginal tax relief for small taxpayers for income exceeding Rs 7 lakh in new tax regime: Budget 2023
The marginal tax relief is available to individual taxpayers whose taxable income exceeds Rs 50 lakh. The Budget 2023 has made amendment under the income tax laws to provide marginal relief to small taxpayers who taxable income exceeds RS 7 lakh, provided they opt for new tax regime. Key Points
Economic TimesSwiggy IPO listing: Around 500 employees likely to become crorepatis
Swiggy’s IPO stock market listing: The grey market premium (GMP) of Rs 2 ahead of Wednesday's debut indicates only a marginal gain of 0.51% above the issue price. Key Points
India TodayIndia’s factory employment crossed pre-pandemic level in FY22, investment also picked up pace
India's factory employment grew by 7% in FY22, surpassing the pre-COVID level, as per the Annual Survey of Industries. Investments and output also increased, indicating the country's recovery from the pandemic. The manufacturing sector showed resilience after the adverse effects of the pandemic, with a marginal fall in employment in 2020-21. Key Points
Economic TimesWorld Markets today: US stocks trade flat, Intel down 6-week low, slumps 12%
As of 9:49 a.m. ET, the Dow Jones Industrial Average demonstrated a gain of 36.03 points, equivalent to a 0.09% increase, reaching 38,085.16. Key Points
mintHoneywell Automation India's profit growth slows on higher expenses
BENGALURU (Reuters) - Engineering firm Honeywell Automation India on Monday reported a marginal 3.4% rise in second-quarter profit, as a rise in expenses outpaced revenue growth. Profit at the Indian Key Points
ThePrint
These small-cap stocks will be in focus for tomorrow! Do you own?
Indian stock markets end with marginal declines; Sensex and Nifty slip 0.1%. Gainers include Coal India, NTPC, Tech Mahindra, HCL Tech, and LTI Mindtree. Key Points
mintHDFC Bank hikes these loan interest rates by up to 15 bps: EMIs to go up
HDFC Bank has increased the benchmark marginal cost of funds-based lending rates (MCLR) by up to 15 basis points. The new rates are effective from June 7, 2023, according to the HDFC Bank website. Key Points
Economic TimesIndia Inc goes about business as viral infections surge
There is no visible trend of panic buying, but demand for masks and sanitisers has seen an uptick in the last three-four days, a spokesperson for ecommerce grocery platform Zepto said. The health and immunity-boosting products continue to do well on the platform, while OTC (over-the-counter) products like ORS have seen a multi-fold increase in sales, said the spokesperson. Key Points
Economic Times