You're Invited at the Ambani's
& A new virus is here
Welcome back to another edition of Bharat.Inc! Let’s start our day with some positive news because:
The mind, when focused on the positive, becomes a powerful catalyst for self-growth - Yoga Sutras of Patanjali
Thank You for the amazing response at our launch! We were overwhelmed to receive all the positive comments and supercharged to start our journey this week 🚀
Also, stick around to find out how you can still be a part of THE Ambani Wedding at just ₹199 👇
🎯Top Headlines
Bharat’s economy has expanded significantly post-pandemic, with FY24 real GDP 20% above FY20 levels
Bharat’s Cricket Team leaves for Sri Lanka to play a three-match T20I
Shares of One97 Communications Ltd (Paytm's parent) rebounded 7.79% to Rs 472.50 after a three-day 42% drop
📊Market Pulse
via Groww.in 📌The current NIFTY 50 price is 24,518.75 (as of 22 Jul 2024, 13:43 IST).📌This is a slight decrease of 0.05% from the opening price of 24,445.75.📌The highest point today was 24,595.20, and the lowest point was 24,362.30.
👀Did You Know?
Kamala Harris, the US Vice President who is on the run to become the next American President, actually hails from a village called Thulasendrapuram in Tamil Nadu.
🥳Your VIP Pass to the Ambani Wedding
Feel like you missed out on the most talked-about wedding? Don’t fret! For just ₹199, you can step into the wedding wonderland at NMACC.
Here’s how: Grab your tickets for ‘Dashavatar’ on the NMACC website or Book My Show. Enjoy a stunning 10-minute audio-visual journey, then wander around the venue to see the floral tiger, recreated Banaras streets, and celebrity chaat stalls. Book now and dive into the opulence that everyone’s raving about!
🔴Budget 2024
👉Kothari’s Demand for a ‘Golden’ Era
Sachin Kothari, Director of Augmont - Gold For All, highlighted key industry demands: a reduction in gold import duty from 15% to 10% and aligning silver import duties with gold under CEPA. He noted that some Bharat refineries import unrefined gold from LDCs duty-free, creating an uneven playing field.
Kothari also called for a single market regulator, tax-free interest on Sovereign Gold Bonds (if redeemed after eight years), GST-bonded warehouses, mandatory hallmarking, EMI options for jewelry, and commodity exchange lending/borrowing.
👉A pledge towards sustainability
Dr. Miniya Chatterji, Founding Director of Anant School for Climate Action and CEO of Sustain Labs Paris, emphasizes the need for the Union Budget 2024 to prioritize sustainable growth. She suggests focusing investments on renewable energy projects, green infrastructure, and sustainable agriculture. Reducing the GST on renewable energy components was one of her suggestions.
Additionally, she advocates for provisions to promote skilling and innovation in sustainability.
⚠️Read this carefully
This is not business news, but we wanted to use the platform to make you aware of the current circumstances. A new virus is taking over Bharat.
Kerala is on a health alert following the death of a 14-year-old boy from the Nipah virus.
Health Minister Veena George reported that 60 people are at high risk, with isolation and testing underway for those who had contact with the boy from Pandikkad.
Nipah is a zoonotic virus that gets transmitted from animals like fruit bats to humans. It is considered a priority pathogen by the WHO. Kerala has experienced multiple outbreaks since 2018, because of rapid urbanization and deforestation.
Please wear a mask all the time and follow government guidelines to be safe. Should we be still hopeful about Byju's?
Insolvency proceedings against Byju's, once valued at $22 billion, are threatening to shut down the ed-tech giant’s operations
All of this started when the company failed to pay $19 million owed to the Indian cricket board for a sponsorship deal. This led to a tribunal freezing Byju's assets and suspending its board.
Byju’s CEO, Raveendran, is now worried that the insolvency could force thousands of employees to quit and lead to a complete shutdown of the company.
Byju’s operates in over 21 countries and employs around 27,000 people, including 16,000 teachers
⚠️Hold UP
Bharat.Inc believes that growth comes from support. So, here’s an open call to all the business owners to get themselves featured RIGHT HERE!
Sounds interesting? Then you ought to see what we have in stock for you ✨
Fill up the form below, and we will get in touch with you in no time!
That’s it for today, folks! We will be back again tomorrow with more valuable insights about ‘Bharat in Business.’ Till then, take care!
