Investors are unwinding ‘buy India, sell China’ stocks trade – Times of India

A popular equities strategy to “buy India, sell China” has reached an inflection point for some investors.Lazard Asset Management, Manulife Investment Management and Candriam Belgium NV are paring exposure to India after a record-breaking rally. They’re pivoting to former favorite China, as Beijing’s support for its economy spurs a recovery in industrial profit and manufacturing.The…

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GST collections for March 2024 hit second-highest record level of Rs 1.78 lakh crore; FY24 mop up crosses Rs 20 lakh crore – Times of India

GST Collections March 2024: In a boost for the economy, the gross Goods and Services Tax (GST) collections for the month of March came in at the second highest ever level of Rs 1.78 lakh crore. This is an 11.5% year-on-year growth, according to the Ministry of Finance.This increase was primarily fueled by a significant…

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Apple ecosystem becomes biggest blue-collar job creator in India! 1.5 lakh direct jobs created since PLI scheme – Times of India

Apple ecosystem the biggest blue-collar job creator for India! Since the launch of the Production-Linked Incentive (PLI) scheme for smartphones in August 2021, the Apple ecosystem has emerged as a major job creator in India. Directly employing over 150,000 individuals, it stands as the largest blue-collar employer in the country.Government officials and experts told ET…

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Need to remain alert about financial service innovations: RBI – Times of India

MUMBAI: RBI deputy governor M Rajeshwar Rao said Saturday that technology and innovations can expand product offerings and financial services to underserved segments at lower costs, but the entry of new players, especially fintech firms, can alter the financial service provider landscape.This can bring new challenges by influencing market concentration and competition dynamics, he said.“RBI…

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