Raghuram Rajan: Former Reserve Bank of India Governor highlights India's economic growth alongside concerning unemployment, emphasizing the shortage of private sector jobs. Despite government efforts in infrastructure, agriculture sees job growth while manufacturing lags. Rajan urges attention to job creation, criticizing insufficient data and political rhetoric. Unemployment remains a top voter concern.
Bajaj Auto anticipates a 29% YoY jump in PAT to Rs 1,606 crore for Q4FY24, driven by higher sales volume, richer product mix, and commodity tailwinds. Revenue expected to grow by 24% YoY.
The Election Commission of India issued a notice to former Telangana CM K Chandrashekar Rao for derogatory remarks against Congress. Acting on a complaint, EC cited violations of the Model Code of Conduct and previous advisories. KCR must respond by April 18, or face action. EC also outlined actions taken during elections.
In a little more than two years, Amazon has installed more than 17,000 chargers at about 120 warehouses around the US.
NIIF is gearing up to secure approximately $1 billion for its second Private Markets Fund (PMF), according to people familiar with the matter. PMF-II will support private equity and venture capital funds focused on India.
U.S. Federal Reserve Chair Jerome Powell said on Tuesday that a string of disappointing data will likely cause the central bank to take longer than expected to become confident that inflation is falling.
'Nosferatu' has been described as a "gothic tale of obsession between a haunted young woman and the terrifying vampire infatuated with her, causing untold horror in its wake." Robert Eggers wrote and directed 'Nosferatu'. He has also served as a producer alongside Chris Columbus, Eleanor Columbus, Jeff Robinov and John Graham.
Ayodhya Ram Mandir's Ram Navami Mahotsav livestream: Festivities will be broadcast on 100 large LED screens installed in Ayodhya and trust's social media platforms. The Darshan timings have also been extended on the occasion of Ram Navami Mahotsav.
Nowadays, the costs that become part of a general average calculation would include a tally of the losses incurred to move the vessel to safety, including any damage to cargo.
Apple Inc exploring Indonesian manufacturing, focusing on iPads, AirPods, Apple Watches. Tim Cook to inaugurate Bali academy. Vietnam key for production. Indonesia offers tech academies, key market for investment.
BJP manifesto offers 9 themes for investors in stock market, including affordable housing, tourism, railway infrastructure, electric vehicles, MSMES working capital, natural gas, pharmaceuticals, and FMCG sector.
French startup Mistral AI engages investors for funding at a $5 billion valuation, facing EU scrutiny over partnership with Microsoft and revenue generation, post raising $415M in December.
AMD launches new semiconductors for AI business laptops/desktops, boosting shares. HP/Lenovo to release chips in Q2 2024. AI PCs vital for PC market recovery, facing competition from Nvidia and Intel.
Gold prices hold steady amidst Middle East tensions and safe-haven demand. Federal Reserve remains cautious on interest rates. Israeli tanks re-enter Gaza. Barrick Gold reports lower production. Silver, platinum, and palladium prices fluctuate.
As Ayodhya prepares for its first Ram Navami celebrations following the 'Pran Pratistha' ceremony at the Ram temple, Prime Minister Narendra Modi expressed joy at the privilege of celebrating the festival in such a grand manner after waiting for five centuries. He extended his wishes to the countrymen, highlighting the significance of Lord Shri Ram's birth anniversary and recalling the memories of the Pran Pratistha ceremony in Ayodhya. PM Modi expressed confidence that Lord Shri Ram's life and ideals... Читать дальше...
The UAE witnessed unprecedented rainfall leading to severe flooding in Dubai. Climate scientists attributed the heavy rains to warm waters of the Persian Gulf and global warming. The region experienced significant disruptions, with flights affected and 18 casualties in Oman.
National cybersecurity experts postponed voting on the EU cybersecurity label, citing ongoing disagreements over Big Tech's qualification requirements. The latest draft eliminated sovereignty requirements for U.S. tech giants, prompting criticism from EU cloud vendors.
Asian shares reacted to the dollar's strength amid U.S. rate cut uncertainty. Markets saw mixed performances, with various currencies and indices responding differently. Powell's cautious stance and IMF's growth forecast added to the market dynamics.
Speaking at a conference on "Making India an Advanced Economy by 2047: What Will it Take" at the George Washington University in Washington, the former banker said India needs to "take away the fluff" in its GDP numbers. Rajan extolled the need to focus on improving human capital and enhancing skill sets, adding, "I think we are in the midst of it (democratic dividend), but the problem is we are not reaping the benefits."
Ayodhya is abuzz with preparations for Ram Navami celebrations, the first since the consecration of Ram Lalla. Elaborate arrangements, including extended temple hours and special offerings, have been made to accommodate the expected influx of devotees. Security measures are in place to ensure a smooth and joyous celebration, with a focus on devotees' comfort and safety. The festivities, including the Surya Tilak ceremony and the offering of 56 Bhog, promise to be grand and memorable.
AMFI announced a 35% growth in mutual fund assets in FY24, driven by individual investors in various schemes. Debt funds closed at ₹12.62 lakh crore, while liquid funds gained ₹40,000 crore.
India's reliance on pulses imports has increased, nearly doubling in the 2023-24 fiscal year to USD 3.74 billion. The surge in imports, estimated to be over 45 lakh tonnes, is aimed at meeting domestic demand and controlling prices. To address this, the government is exploring new markets like Brazil and Argentina for long-term contracts. Despite various incentives, including duty-free imports and higher MSP, domestic pulses production has declined in recent years due to factors like erratic climate conditions. Читать дальше...
Dubai's major international airport faced disruptions as heavy rains caused widespread flooding in the United Arab Emirates. The storm, which also affected Bahrain and Oman, led to delays and cancellations, with access roads to the airport badly flooded. Climate experts suggest that human-induced climate change may have intensified the extreme weather. Schools were closed, and remote working extended as the region braced for further storms.
