These projects include the expansion of the aluminium smelter and refinery, investment in new oil and gas blocks, and expansion of the steel and iron ore businesses
FMCG major Godrej Consumer's advertising investment shot up by 47 per cent to Rs 1,011 crore in FY24 in the domestic market, even as it has reduced SKUs by around 30 per cent through a rationalisation process. Godrej Consumer Products Ltd (GCPL), which aims for double-digit volume growth, is spending more on brands, automation and SKU rationalisation with a "keen focus on simplification", according to the latest annual report of the company. "In line with our strategy of category development, we have made significant investments in advertising.
With the structural change in the ruling National Democratic Alliance, will the government be able to move on the bank privatisation front in this Budget?
European major Airbus has shortlisted eight sites in India for setting up its final assembly line for H125 helicopters and the ground-breaking ceremony for the facility is expected later this year. The facility, which will be the fourth Final Assembly Line (FAL) for the single engine H125, will initially produce up to 10 helicopters annually and the capacity will be ramped up depending on the market demand, Airbus officials said. "India is the market of the future for helicopters... at present, the market is extremely embryonic... Читать дальше...
The Supreme Court is scheduled to hear on Monday a public interest litigation seeking a court-monitored investigation into the electoral bonds scheme. A bench comprising Chief Justice D Y Chandrachud and justices JB Pardiwala and Manoj Misra is likely to hear the PILs filed by NGOs Common Cause and the Centre for Public Interest Litigation (CPIL). The PIL of the two NGOs alleges an "apparent quid pro quo" between political parties, corporations and investigative agencies. Terming the electoral bonds scheme a "scam"... Читать дальше...
The renewed parameters of the India-UK free trade agreement negotiations are set to be defined this week as UK Foreign Secretary David Lammy is expected in India on Tuesday, the first high-profile visit under the newly elected Labour government in Britain. The free trade agreement (FTA) talks began in January 2022, under the then Conservative government, with a target to significantly boost the GBP 38.1 billion a year bilateral trading partnership but hit a block in the fourteenth round of negotiations... Читать дальше...
Experts believe this trend is likely to continue, fuelled by a good monsoon season and government initiatives focused on rural development
Chief Minister M K Stalin on Sunday expressed hope that the Centre would fulfill the expectations of the people of the state by clearing Tamil Nadu-specific projects in the Union budget 2024-25. For the past three years, the Centre has "not released funds" for the Chennai Metro Rail (Phase 2) project, Stalin said and listed other proposals including the pending sanction for the Tambaram-Chengalpattu elevated expressway corridor. In a post on social media platform X, the chief minister highlighted the people's expectations from the Union Budget... Читать дальше...
Bank to Prioritise Engagement and Service Over Interest Rates for Deposits
Mining conglomerate Vedanta Limited raised Rs 8,500 crore (over USD 1 billion) through Qualified Institutions Placement (QIP) of 19.31 crore equity shares at an issue price of Rs 440 per share, according to a stock exchange filing by the company. The issue, which closed on July 19, implied a discount of 4.61 per cent to the floor price of Rs 461.26 per equity share. In a stock exchange filing, Vedanta said it sold 19.31 crore shares to raise Rs 8,500 crore. Some of the marquee investors that have... Читать дальше...
Even imports from Japan and Korea have been elevated. India is basically a vulnerable ground because our domestic demand is very good, said Jayant Acharya, JMD, JSW Steel
Lignite-to-power producer NLC India Ltd (NLCIL) is planning to raise funds through an initial public offering (IPO) of its wholly owned subsidiary NLC India Renewables Ltd by the first quarter of the next financial year, company's Chairman and Managing Director (CMD) Prasanna Kumar Motupalli said. In an interview to PTI here, the CMD said the PSU is planning to ramp up its renewable energy capacity from the current 1.4 GW to 6 GW by 2030. The funds raised via the IPO will be used in its clean energy expansion plans, he said. Читать дальше...
A plea has been filed in the Supreme Court against the decision of the Union education ministry to cancel the UGC-NET test following inputs that the exam's integrity may have been compromised. The ministry on June 19 had ordered the cancellation of the UGC-NET exam and handed over the matter to the CBI for an investigation. The plea is scheduled to come up for hearing before a bench of Chief Justice D Y Chandrachud and Justices J B Pardiwala and Manoj Misra The plea filed by advocate Ujjawal Gaur... Читать дальше...
Finance Minister Nirmala Sitharaman is set to create history when she presents her seventh straight Budget on Tuesday for the fiscal 2024-25, surpassing the record of former prime minister Morarji Desai. Sitharaman, who will turn 65 next month, was in 2019 appointed as India's first full-time woman finance minister when Prime Minister Narendra Modi won a decisive second term. Since then, she has presented six straight budgets, including an interim one in February this year. The full Budget for the... Читать дальше...
The Israeli military said it intercepted a missile fired from Yemen early Sunday, hours after Israeli warplanes struck several Houthi targets in the Arabian peninsula country. The Israeli airstrikes in response to a deadly Houthi drone strike on Tel Aviv were the first time Israel is known to have responded to repeated Houthi attacks throughout its nine-month war against Hamas. The burst of violence between the distant enemies has threatened to open a new front as Israel battles a series of Iranian proxies across the region. Читать дальше...
Hormonal issues, increasing substance use, and changing lifestyle are leading to an increase in infertility in India, which may irreversibly altar India's population dynamics, potentially leading to an ageing crisis, Dr Ajay Murdia, the man behind India's one of the largest fertility chain, Indira IVF, has said. Talking to PTI ahead of the World IVF Day on July 25, Dr Murdia said that India stands at a critical crossroads, facing an unprecedented infertility crisis that threatens not only millions... Читать дальше...
Uttara Kannada SP Narayan M said that the landslides are continuously taking place, adding that rescue operations are also underway
If former West Bengal education minister Partha Chatterjee can be arrested in the school recruitment scam, then why cannot the central agencies arrest Union Education Minister Dharmendra Pradhan in the NEET irregularities, senior TMC leader Abhishek Banerjee asked on Sunday. Addressing the TMC's mega rally in Kolkata, Banerjee said the BJP performed poorly in the Lok Sabha elections in the state because it "relied on central agencies and money power" for victory. "A day after July 21, 2022, the Enforcement... Читать дальше...
Tyre maker CEAT Ltd expects double-digit growth in replacement and international business this fiscal despite a high natural rubber price forcing it to hike product rates, according to its MD and CEO Arnab Banerjee. The company, which has taken price hikes of 2-2.5 per cent in the replacement segment since May, expects another round of increase towards the end of July but is betting on robust demand across categories and turnaround of the rural market to drive growth. "We would like to think that unless there are some unforeseen headwinds... Читать дальше...
Maharashtra BJP president Chandrashekhar Bawankule on Sunday said his party maintained its support among people despite losing seats in the recent Lok Sabha polls. He was addressing the party's state convention in Pune, which is being attended by Union Home Minister Amit Shah, the party's state in charge and Union minister Bhupender Yadav, co-incharge Ashwini Vaishnaw, among others. "The BJP lost some seats in the Lok Sabha elections, but our voter base remains strong. There is no need to worry about it. Читать дальше...
The Delhi High Court will on Monday hear the bail plea of former JNU student Umar Khalid in a UAPA case related to the alleged larger conspiracy behind the riots here in February 2020. The plea, which assails a recent trial court order refusing to grant bail to Khalid, is scheduled to be heard by a bench of Justices Prathiba M Singh and Amit Sharma. Khalid, Sharjeel Imam, and several others have been booked under the anti-terror law Unlawful Activities (Prevention) Act (UAPA) and provisions of the... Читать дальше...
Bangladesh's top court on Sunday scaled back a controversial quota system for government job applicants after it led to nationwide unrest and deadly clashes between police and protesters that have killed scores of people. The Supreme Court in its verdict ordered 93% of the government jobs to be allocated on a merit-based system, leaving the remaining 7% for relatives of veterans who fought in Bangladesh's war of independence in 1971 and other categories. Earlier, the system reserved 30% of such jobs the relatives of war veterans. Читать дальше...
Those who couldn't buy fresh vegetables would smash open an onion, sprinkle salt and eat it with a roti. But even those days are gone with the humble onion just too expensive, says vegetable vendor Imad Khan, recalling the staple image of the poor in India. About 10 km from the Sahibabad Sabzi Mandi in Ghaziabad where Khan sets up shop, homemaker Poonam Singh in Delhi's Mayur Vihar has not put tomatoes in any dish for almost a month, taking away an essential ingredient from her cooking. Khan and... Читать дальше...
Indian doctors have expressed concerns that the burden of lung-related disorders in the country may be higher than projected by a recent Lancet study, due to high levels of air pollution and tobacco consumption. According to the study published in May, ischaemic heart disease will continue to be the leading cause of death around the world, followed by stroke, diabetes and chronic obstructive pulmonary disease (COPD). In ischaemic heart disease, narrowing of vessels in the organ reduces blood flow. Читать дальше...
The fire that broke out on July 19 on a merchant navy ship off the coast of Goa is under control, a senior Indian Coast Guard official said on Sunday, adding one crew member had died in the blaze. MV Maersk Frankfurt, carrying 1,154 containers, including some with dangerous cargo like benzene and sodium cyanate, had caught fire some 102 nautical miles off the coast of Goa while on its way from Mundra in Gujarat to Colombo in Sri Lanka. Dry chemical powder that was spread through helicopters on Saturday... Читать дальше...
