Has Allu Arjun's Arrest Affected Pushpa 2?
major news on Indian economy
Welcome to your Monday dose of Bharat.Inc! 🌟
They say, "Every morning is a blank page. Write something remarkable today." And what better way to start than with fresh business insights that keep you ahead of the game?
So, grab your coffee, and let’s make this Monday count!
Quick Recap of the Weekend
📌 Akasa air pilots raise concerns over training and safety practices
📌 RBI increases collateral-free agricultural loan limit to ₹2 lakh
📌 Tata Steel collaborates with NMDC and OMC to ensure long-term iron ore supply
📌 Senco Gold secures ₹459 crore through QIP, issuing 40.8 lakh shares
📌 UPI records 15,547 crore transactions, totaling ₹223 lakh crore by November 2024
Now, the top headlines of the day
🎯 Pushpa 2 worldwide box office collection day 11
This movie is on fire, inching closer to a massive ₹1,300 crore global gross. Can you believe it? That makes it the third-highest Indian grosser ever, right after smashing past RRR (₹1,230 crore) and KGF 2 (₹1,215 crore).
But here’s the twist - Allu Arjun was briefly arrested after a stampede at the film’s premiere. Despite all that drama, Pushpa 2 is still crushing it at the box office.
🎯 Narayana Murthy defends 70-hour workweek again
During his recent visit to Kolkata, a city he called "the most cultured place in the country," he emphasized the need for young Indians to embrace a 70-hour workweek. Why? Because, according to him, hard work is key to pulling India out of poverty and onto the global stage.
He didn’t hold back. Murthy pointed out that 800 million Indians rely on free rations, which highlights the pressing need for us to aim higher and work harder. “If we don’t do it, who will?” he asked.
He also spoke about how performance earns respect on the global stage. A Chinese worker, he said, is 3.5 times more productive than an Indian. That’s a wake-up call, isn’t it? According to him, we can’t afford to get too comfortable.
🎯 Bharat’s smartphone exports hit ₹20,000 crore milestone in November
That’s a whopping 92% jump compared to last year’s ₹10,634 crore for the same month. Leading the charge? Apple iPhones, followed by Samsung. Together, they’ve dominated the export game.
🎯 Why is everyone eyeing Swiggy shares?
Swiggy shares climbed nearly 3% after reports of a potential GST clarification on input tax credits for e-commerce operators like Swiggy and Zomato. Axis Securities added fuel to the rally by initiating coverage with a ‘Buy’ rating and a target price of ₹640, citing a justified 27% valuation discount compared to Zomato.
The brokerage highlighted Swiggy’s potential in the underpenetrated food delivery and quick commerce (q-com) segments, with Instamart’s expansion set to boost growth. Swiggy’s focus on cost control, innovation, and a transition to professional leadership could narrow its profitability gap with Zomato, despite Zomato leading in scale and operational metrics.
🎯 India’s economy ends 2024 with a bang!
India’s private sector is on fire, folks! December saw the fastest growth in four months, with the Composite PMI hitting an impressive 60.7. What’s driving this? Strong demand in both services and manufacturing, plus record job creation.
Here’s the scoop: the services sector led the way with a PMI of 60.8, while manufacturing wasn’t far behind at 57.4. Companies are hiring like never before, and optimism for 2025 is at an all-time high.
And the cherry on top? Inflation’s cooling down, giving businesses more breathing room. Economists are even hinting at a possible rate cut early next year.
So, that’s it from me today!
See ya 👋
