Rupee Rises 14 Paise to Close at 94.59 Against U.S. Dollar

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Bombay HC evicted a son from a flat gifted by his parents for neglecting them, raising questions about his future inheritance rights.

Key points

• A couple gifted their son a flat on the condition he care for them.
• The Bombay High Court ordered the son to vacate the flat for failing to meet this obligation.
• Section 23 of the Senior Citizens Act allows cancellation of property transfers if care conditions are not met.
• The son does not have an automatic right to inherit the flat as it is self-acquired property.
• Inheritance rights depend on whether the property is self-acquired or ancestral.

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Telecom executives assert that 5G's main advantage lies in industrial automation, enhancing machine connectivity and efficiency.

Key points

• Telecom executives highlight the industrial potential of 5G beyond smartphone use.
• 5G enables faster communication for machines, crucial for industrial applications.
• Private 5G networks could connect various industrial systems and robots.
• Current private 5G deployments in India are limited but growing.
• Investment scale and application returns are key for manufacturers considering 5G.

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Millennials in India are increasingly adopting crypto SIPs, moving from speculative investments to systematic plans, especially in smaller cities.

Key points

• Millennials in India are increasingly adopting crypto SIPs, moving away from speculative investments.
• In 2024-25, over ₹51,000 crore worth of crypto investments were made in India.
• 20% of previous single crypto asset investors are now opting for SIPs, up from just 2-4% nine months ago.
• The majority of crypto SIP users are from Tier-II and Tier-III cities, with 52% from Tier-III cities.
• Regulatory bodies in India are still hesitant to classify cryptocurrencies, impacting the sector's growth.

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KPMG's analysis reveals that a 30% productivity boost could enable India's manufacturing sector to achieve 35% of its future output.

Key points

• A 30% productivity increase could enable India's manufacturing sector to achieve 35% of its future output.
• KPMG's analysis covered over 130 large manufacturing companies over a decade.
• Companies improving productivity faster saw net profits grow by 10-11% annually.
• Productivity leaders recorded a 19% CAGR in market capitalization compared to nearly 10% for average firms.
• More than 70% of large manufacturers need transformative measures for productivity growth.
• Small factories produce less than 20% of the output per worker compared to larger firms.