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  1. Business news wrap: India's record defence production to Bajaj's CNG bike launch – Top 5 news of the day

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Business news wrap: India's record defence production to Bajaj's CNG bike launch – Top 5 news of the day

Upstox

2 min read | Updated on July 05, 2024, 17:37 IST

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SUMMARY

Here's a curated roundup of the top five business news articles of the day.

The value of defence production in FY24 reached to ₹1,26,887 crore, reflecting a 16.8% growth YoY

The value of defence production in FY24 reached to ₹1,26,887 crore, reflecting a 16.8% growth YoY (Representative image)

India's defence production soaring to a record high was among the top business news of the day, but other noteworthy events such as Bajaj Auto's launch of "world's first-ever" CNG bike, and Bharti Airtel's dismissal of data breach allegations also warrant readers' attention.

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Here's a wrap of the top five business news of Friday (July 5):

  • India clocks record defence production growth in FY24
The value of defence production in FY24 reached to ₹1,26,887 crore, reflecting a 16.8% year-on-year (YoY) growth than the value of production in previous financial year. Read more
  • Bharti Airtel denies data breach of 375 million users
Telecom service major Bharti Airtel issued clarification on data leak allegations on Friday, July 5. The company denied reports of any breach of its customer data and said the claim was a desperate attempt to tarnish the brand's image. Read more
  • Labour wins a majority in the UK, what this means for FTA negotiations with India
The Labour Party has won a landslide mandate in the UK general elections. For India, its remains to be watched out how the change of government impacts the ongoing free trade agreement (FTA) negotiations. Read Upstox's explainer here
  • 'Freedom 125': Bajaj launches world's first CNG bike
Bajaj Auto launched 'Bajaj Freedom 125', which it claims to the be "world's first-ever" compressed natural gas (CNG)-powered motorcycle. The bike was unveiled by the company in Pune, in presence of Union Road Transport Minister Nitin Gadkari. Check price, mileage, and features here
  • Veg Thali price jumps 10% in June amid rising vegetable costs
The average cost of a vegetarian thali became dearer by 10% in June due to the jump in onion, potato, and tomato prices, a report said on Friday. However, a decline in the broiler price contributed to a decrease in the cost of a non-vegetarian meal, as per Crisil Market Intelligence and Analysis' monthly "Roti Rice Rate" report. Read more
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About The Author

Upstox
Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

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