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Новости за 07.07.2024

Business Standard 

Efforts on to raise MP's budget to Rs 7 trillion in 5 years: CM Yadav

Madhya Pradesh Chief Minister Mohan Yadav has said that efforts are being made to take the state's annual budget to Rs 7 lakh crore in the next five years. The state government on July 3 presented its budget for FY 2024-25 with an outlay of Rs 3.65 lakh crore, marking substantial allocations for infrastructure development and initiatives for women and tribals. This time, the state budget is 16 per cent more than last year's budget and is development-oriented, Yadav said at a function of the Central... Читать дальше...

Business Standard 

Hathras stampede: Rahul seeks more compensation for victims' kin from UP CM

Leader of Opposition in the Lok Sabha Rahul Gandhi has urged Uttar Pradesh Chief Minister Yogi Adityanath to increase the amount of compensation for the victims of the Hathras stampede and demanded that those responsible for the incident be given severe punishment. In a letter to Adityanath, the former Congress chief said the compensation should be given as soon as possible and the injured be given proper treatment. A total of 121 people, mostly women, died in the stampede at self-styled godman Baba Bhole's 'satsang' in Hathras on Tuesday. Читать дальше...

Business Standard 

Congress' Gogoi criticises Amit Shah for his comment on Assam floods

Congress leader Gaurav Gogoi criticised Union Home Minister Amit Shah on Sunday for describing Assam's floods as a "flood-like situation", and said it shows a lack of knowledge and sincerity as more than 70 people have lost their lives due to the deluge. Gogoi said this is not the first time that Shah has made a "strange remark" on floods in Assam, and added that it only highlights the failure of the BJP government in helping the people of the northeast combat the impacts of climate change. "The... Читать дальше...

Business Standard 

Hathras stampede: Judicial probe panel meets with locals, witnesses

The Uttar Pradesh government's judicial commission team probing the July 2 stampede interacted on Sunday with local people in Hathras, besides officials and witnesses of the tragedy that claimed 121 lives. The three-member team formed under the chairmanship of retired Allahabad High Court judge Brijesh Kumar Shrivastava comprises former IAS officer Hemant Rao and former IPS officer Bhavesh Kumar. It reached Hathras on Saturday and visited the stampede site near Phulrai village along the National Highway 91. Читать дальше...

Business Standard 

Wickremesinghe rules out another salary hike for govt employees this year

Sri Lankan President Ranil Wickremesinghe has said that the government sector employees will not be given another salary increase this year, cautioning that further pay hikes without proper planning could cripple the government ahead of presidential and general elections. The 75-year-old, widely expected to seek re-election for the office of president, acknowledged the strain on the economy, stating that previous programmes providing increased benefits and allowances had depleted excess funds, the News First portal reported on Sunday. Читать дальше...

Business Standard 

Pakistan to get $5 bn over 3 years for petroleum, gas exploration: Sharif

Pakistan is expected to get an investment of USD 5 billion over the next three years from local and international firms for the exploration and development of petroleum and gas reserves that will save the cash-strapped country's valuable foreign exchange and provide relief to the common man bearing the brunt of high fuel prices. The announcement was made in a meeting presided over by Prime Minister Shehbaz Sharif on Saturday during a meeting with a delegation of oil and gas exploration and production sector companies. Читать дальше...

Business Standard 

Ahead of Budget, hospitality players demand infra status for hotels

Hospitality players want the government to accord infrastructure status to hotels to make investments on new properties more attractive rather than categorising them as luxury or even 'sin goods' in the upcoming Union Budget considering the sector's potential to play a key role in India's growth. They also want the government to consider incentives in the form of tax breaks or subsidies for adopting sustainable and eco-friendly practices, while asserting that the upcoming budget must accelerate the... Читать дальше...

Business Standard 

Tripura min writes to Civil Aviation Minister for BCAS office in Agartala

Tripura Transport Minister Sushanta Chowdhury has asked Civil Aviation Minister K Rammohan Naidu to sanction a new regional office of the Bureau of Civil Aviation Security in Agartala. In a letter to Naidu, the Tripura transport minister said MBB Airport in Agartala is the second busiest airport in the northeast after Guwahati's Lokpriya Gopinath Bordoloi International Airport. "It is reliably learnt that 17 new offices of BCAS will be set up across the country shortly. MBB Airport in Agartala, Tripura... Читать дальше...

Business Standard 

SC to hear batch of pleas related to controversy-ridden NEET-UG on Monday

The Supreme Court will hear on Monday a batch of pleas related to the controversy-ridden medical entrance exam NEET-UG 2024, including those alleging irregularities and malpractices in the May 5 test and seeking a direction to conduct it afresh. The Centre and the National Testing Agency (NTA), which conducts NEET-UG, recently told the apex court that scrapping the exam would be "counterproductive" and "seriously jeopardise" lakhs of honest candidates in the absence of any proof of large-scale breach of confidentiality. Читать дальше...

Business Standard 

FMCG makers expect single-digit revenue growth, margin improvements in Q1

Fast-moving consumer goods companies expect single-digit volume growth along with expansion in margins during the April-June quarter of this fiscal, helped by a revival in rural demand and a stable urban market. Listed FMCG companies such as Dabur, Marico and Adani Wilmar in their latest quarterly updates have reported a "gradual improvement" in demand trends in the April-June quarter, which was on the expected lines. Home-grown FMCG maker Dabur expects to register mid to high single-digit growth in its consolidated revenue... Читать дальше...




Business Standard 

Armstrong murder: Mayawati says real culprits not held, demands CBI probe

BSP supremo Mayawati on Sunday demanded a CBI probe into the death of her party's slain Tamil Nadu president K Armstrong, who was hacked to death here on Friday. She claimed those who have been arrested so far were not the real culprits and urged Chief Minister M K Stalin to refer the probe to the Central agency to ensure justice to the victim. Mayawati, former Chief Minister of Uttar Pradesh, paid homage to Armstrong here and placed a wreath before the body of the 52-year-old leader at a private school in Perambur in the city. Читать дальше...

Business Standard 

Who insults parliamentary procedures on daily basis?: Sibal to Dhankhar

Rajya Sabha MP Kapil Sibal on Sunday hit out at Vice President Jagdeep Dhankhar over his criticism of Congress leader P Chidambaram's remarks on the new criminal laws, and said it was not the opposition that insults parliamentary procedures on a daily basis. Sibal's remarks came a day after Dhankhar lashed out at Chidambaram over his comment that the three new criminal laws were "drafted by part-timers", terming it as "inexcusable" and urging him to withdraw his "derogatory, defamatory and insulting" observation. Читать дальше...

Business Standard 

Budget wish list: Pharma industry seeks tax benefits, effective IPR regime

There is a need to incentivise R&D investments, offer corporate tax concessions and establish an effective intellectual property rights regime in order to push the growth of domestic pharmaceutical industry, as per the industry bodies. Outlining the sector's wish list for the upcoming Union Budget, Organisation of Pharmaceutical Producers of India (OPPI) Director General Anil Matai urged the government to explore methods to incentivise R&D investments, such as deductions on R&D expenses... Читать дальше...

Business Standard 

FPIs put Rs 7.9K cr in equities in July, investment over Rs 1 trn in 2024

Foreign investors infused over Rs 7,900 crore in Indian equities in the first week of the month amid a healthy economic and earnings growth momentum. With this, total FPI investment in equities reached Rs 1.16 lakh crore so far this year, data with the depositories showed. Going forward, the Union Budget and Q1 FY25 earnings could determine the sustainability of FPI flows, experts said. According to the data, foreign portfolio investors (FPIs) have made a net inflow of Rs 7,962 crore in equities so far this month (till July 5). Читать дальше...

Business Standard 

North India lost nearly 450 cubic km of groundwater in 2 decades: Study

About 450 cubic kilometres of groundwater was lost in northern India during 2002-2021 and climate change will further accelerate its depletion in the years to come, according to a new study. This is about 37 times the quantity of water the Indira Sagar dam -- India's largest reservoir -- can hold at full capacity, lead author Vimal Mishra, Vikram Sarabhai Chair Professor of Civil Engineering and Earth Sciences at IIT Gandhinagar, said. Using on-site observations, satellite data and models, researchers found that across north India... Читать дальше...

Business Standard 

Signature Global Q1 sales bookings jump 3.5X to Rs 3.1K cr on strong demand

Realty firm Signature Global on Sunday reported a 3.5 times jump in sales bookings to Rs 3,120 crore for the April-June quarter on high demand for its housing projects. The company's sales bookings stood at Rs 820 crore in the year-ago period. According to a regulatory filing, Signature Global sold 968 units in the first quarter of this fiscal against 894 units in the corresponding period of the previous year. In terms of volume, its sales bookings more than doubled to 2.03 million square feet from... Читать дальше...

Business Standard 

Mcap of 8 most-valued firms jumps Rs 1.83 tn; TCS, Infosys biggest gainers

Eight of the top-10 most valued firms together added Rs 1,83,290.36 crore in market valuation last week, with IT majors Tata Consultancy Services (TCS) and Infosys emerging as the biggest gainers, in line with a rally in equities. Last week, the BSE benchmark jumped 963.87 points, or 1.21 per cent. The market valuation of TCS jumped Rs 38,894.44 crore to Rs 14,51,739.53 crore, becoming the biggest gainer among the top-10 firms. Infosys added Rs 33,320.03 crore taking its valuation to Rs 6,83,922.13... Читать дальше...

Business Standard 

Coal import rises 5% to 52 MT in Apr-May; demand likely to fall in monsoon

India's coal import rose 5.3 per cent to 52.29 million tonnes (MT) in the first two months of the ongoing fiscal as against the year-ago period. The country's coal import was 49.62 MT in April and May in FY24, according to data compiled by mjunction services ltd -- a B2B e-commerce platform from a joint venture between Tata Steel and SAIL. However, coal import in May dropped marginally to 26.19 MT, from 26.57 MT a year earlier. "Coal imports... were down 1.43 per cent as against 26.57 MT imported in May 2023," it said. Читать дальше...

Business Standard 

Global trends, earnings from TCS, HCLTech to guide mkts this week: Analysts

Equity markets will take cues from global trends and trading activity of foreign investors, while in the latter part of the week the first quarter earnings from IT majors TCS and HCL Technologies would guide investor sentiments, analysts said. Markets may consolidate after the record rally last week, experts added. "On the domestic front, the Q1 earnings season begins this week. Key companies such as TCS and HCL Technologies will release their earnings on July 11 and 12, 2024, respectively. Additionally... Читать дальше...

Business Standard 

Despite KCR's efforts, BRS at receiving end with desertion of MLAs, MLCs

After its defeat in the Legislative Assembly elections last year, the K Chandrasekhar Rao-led Bharat Rashtra Samithi is now faced with the defection of its MLAs and MLCs to the ruling Congress in Telangana. Till date, seven MLAs and six MLCs of BRS switched over to the Congress since the Assembly polls. Several other leaders, including BRS Rajya Sabha member K Keshav Rao, his daughter and Hyderabad Mayor Vijaya Laxmi R Gadwal, also joined the Congress. Keshav Rao has, however, quit his post after joining Congress. Читать дальше...

Business Standard 

Pixxel hopes to deliver satellites for Indian Air Force by mid-2025

The Indian Air Force (IAF) may launch satellites procured from space start-up Pixxel by mid-2025, giving a boost to its capabilities to keep vigil on the country's borders and beyond. The IAF has signed a contract with the Bengaluru-headquartered Pixxel Space founded by young entrepreneurs Awais Ahmed and Kshitij Khandelwal of BITS Pilani, while they were pursuing higher studies. "We should have that satellite up in space before the end of 2025, but likely we are aiming at mid-2025," Ahmed said in an interaction with PTI editors here. Читать дальше...


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