Business News: Weekly News Roundup: Dairy Shop Setup, Sebi Proposal, RVNL Contracts, Paytm Layoffs, Modi-Muizzu Dinner

As this fractal has also highlighted that the dairy market of India has become one of the fastest growing, and franchise opportunities of such a renowned company like Amul can be highly profitable. Amul is a dark horse that began in 1946 and has two types of franchises: Amul outlets/ parlours/ kiosks and ice cream scooping parlours. Amul requires a shop or land according to the space demanded by the company. The procedure comprises visiting their website, payment of deposits on a non-refundable basis, and the main kind of investment which shall be the set-up cost and equipment required for that. The ranges of commissions are 10% of the dairy product to 50 per cent on the other products that are not regular or of a specialty

To ensure that only high-quality securities with adequate size, liquidity, and market depth enter the derivatives segment, capital markets regulator Sebi has come up with tighter norms. It said a stock should be traded in for at least three-fourths of the days in a trading cycle, and the trading should include at least 15% of the number of traders who actively route orders or 200, whichever is higher, among other conditions. The intention behind this step is to allow the regulator to reduce market manipulation and volatility and therefore, it would be for better protection of investors. A stock failing to meet the criteria in a month will be shifted out of the derivative segment if it happens for three consecutive months.

Shares in Rail Vikas Nigam Ltd (RVNL) jumped over 3% on June 10 after the railway PSU emerged as the lowest bidder for a Southern Railways project worth Rs 156.47 crore. The contract, a joint venture with KRDCL, involves automatic signaling on the Ernakulam JN-Vallattol Nagar section and will be executed in 750 days. Not long ago, RVNL also secured big orders from NTPC and Dakshin Haryana Bijli Vitran Nigam Limited. In the last year, RVNL's stock has jumped over 200%, against the Nifty 50's 26%.

One97 Communications, the parent of the Paytm brand, has followed the verbiage of right-sizing—an accepted euphemism for letting people go. One of the largest in recent years, the quantum of job losses, though, continues to be shrouded, with the company offering outplacement support in partnerships with over 30 hiring companies. The last quarter witnessed a significant decline in the head count of Paytm in the March 2024 quarter, and that was due to a ban put in place by the Reserve Bank of India on Paytm Payments Bank services. This, however, was no dampener to the company from announcing employee bonuses to now planning to carry out AI-based interventions to maintain a leaner structure to drive profitability.

Prime minister narendra modi plan of The 100-Day Plan is believed to concentrate on enormous projects and long-haul objectives that stand out for being technology-friendly, digitally empowering, and a drive promoting good-governance. From the higher levels, the ministries are already issued directives to steer away from any run-of-the-mill projects and lifestyle and embrace those that could make a transformation in the lives and dealings of all citizens—an outline is mentioned as 'a government by the citizen, for the citizen.

South Asian leaders, including Maldives President Mohammed Muizzu, attended PM Modi's swearing-in ceremony. Modi highlighted the commitment of his government to the 'Neighbourhood First' policy and regional prosperity. This he said should have more people-to-people links and greater regional connectivity in an effort to productively lift the voice of the 'Global South'. India's efforts to build in strong ties with regional allies were also reflected in a meeting between Union Minister S Jaishankar and President Muizzu.