Sanjiv Puri, newly-elected CII President, advocates potential income tax relief for the lowest slab amidst high inflation in the upcoming 2024-25 Budget. He proposes institutional platforms for consensus-building on reforms, emphasizing public capex, fiscal discipline, and investment in social infrastructure. CII anticipates inflation around 4.5%, urging RBI rate cuts by year-end.
Monsoon getaway from Mumbai: Mahabaleshwar monsoon visit. Things to do in monsoon in Mahabaleshwar.
Essar Group aims to invest Rs 30,000 crore in a green hydrogen plant in Jamnagar, Gujarat over the next four years. The focus will be on clean energy for growth. Plans include decarbonizing the UK oil refinery, building a green steel plant in Saudi Arabia, and creating an LNG and electric ecosystem for long-haul trucks. Essar also considers mining critical minerals for electric vehicle batteries and plans to expand renewable energy and green mobility solutions, such as LNG and electric trucks.
Delhi Water minister Atishi requested police patrol to protect major pipelines due to a water crisis caused by Yamuna water shortage. Delhi Jal Board deployed teams to address leakage issues, including in south Delhi. ADMs are supervising the operations.
Top 10 stock holdings of Nippon India Mutual Fund, according to a report by Motilal Oswal Financial Services.
Eid-ul-Adha, celebrated on the tenth day of Dhu-al-Hijjah, commemorates Prophet Ibrahim's willingness to sacrifice his son, Ismail. In 2024, India will observe Eid-ul-Adha on June 17. Globally, different countries will celebrate on June 16 or June 17, following the sighting of the crescent moon. The festival involves prayers, animal sacrifices, and communal gatherings.
A minor's reckless driving near KDK College in Nagpur led to chaos, injuring five people and damaging several vehicles. The out-of-control car moved into a crowd of vendors and customers, finally stopping after hitting a tree. The minor, along with the car and garage owners, have been detained and charged. The incident underscores the need for stricter enforcement of traffic laws to prevent such accidents.
The Congress raised concerns over the credibility of the National Testing Agency and the fairness of the NEET exam, urging an in-depth review by the new Parliament Standing Committees. Congress general secretary Jairam Ramesh highlighted potential biases favouring CBSE students and the impact on those from non-CBSE schools. Allegations of irregularities, including question paper leaks, during the NEET exam have prompted calls for a thorough investigation into NEET, NTA, and NCERT by the new committees.
Emkay Global anticipates that Dabur will benefit from consumption recovery, leveraging its stable distribution expansion, extensive portfolio category coverage, continued emphasis on innovation, and sufficient liquidity for bolt-on acquisitions.
After a dormant period, Amaravati's real estate market is poised for a resurgence following political shifts in Andhra Pradesh. Land deals are escalating as infrastructure projects recommence. CREDAI predicts a doubling of land prices within 18 months, buoyed by renewed government initiatives and local optimism, signaling potential economic revitalization.
Shiv Sena (UBT) leader Sanjay Raut on Sunday stated that all partners of the opposition INDIA bloc will aim to support the ruling ally Telugu Desam Party (TDP) if it nominates a candidate for the Lok Sabha speaker's election. Asked about recent statements made by some Rashtriya Swayamsevak Sangh leaders on the BJP after the Lok Sabha polls, Raut said it is good if the RSS wants to correct "mistakes" of the past.
A 17-year-old student preparing for the IIT-JEE exam was found dead by hanging in his room in Kota, Rajasthan. Ayush Jaiswal, from Bihar, was staying in a paying guest (PG). His friends alerted the owner when he didn't come out. The police confirmed the incident and are waiting for the family to arrive before conduct a post-mortem. This marks the 11th student suicide in Kota this year.
The BJP accused the Congress government in Karnataka of poor financial management after petrol price hikes. The party said that they will protest against the decision on Monday. The government announced a substantial increase in petrol and diesel prices, drawing criticism from citizens and opposition. The BJP lambasted the timing of the hike post-election, calling for its withdrawal due to the financial strain it places on the public and various industries in the state.
Exchange operator ASX Ltd., which handles the bulk of the country’s stock trading, has approved the VanEck Bitcoin ETF which will be listed on Thursday, VanEck said in a press release on Saturday.
The guidelines stress the need for a multi-disciplinary approach for patients with multiple co-morbidities and highlight the importance of training in high-quality patient care.
The Union Finance Ministry has approved the 26-km Rithala-Narela-Kundli Delhi Metro corridor, awaiting final Cabinet approval. This Rs 6,231 crore project will enhance connectivity among Uttar Pradesh, Delhi, and Haryana, transforming the Narela sub-city. Funding is shared between the central and state governments, with significant contributions from the DDA and loans. The corridor, with 21 stations, will be a boon for Narela and Rohini sub-cities, improving access to key institutions and promoting regional development. Читать дальше...
The central bank’s projections for fewer rate cuts this year and Powell’s seemingly hawkish comments at his press conference on Wednesday didn’t prevent the S&P 500 Index from eclipsing 5,400 for the first time ever, which also happened on Wednesday and held through at least Friday. The benchmark is up more than 50% since hitting a bottom in October 2022, during a bear market triggered by the Fed’s drastic interest rate increases that started in March 2022 and were aimed at taming runaway inflation.
Top-10 firms gained Rs 85,582.21 crore in market valuation last week, with LIC leading. BSE Sensex rose 0.39%, hitting an all-time high. Market cap changes noted for Reliance, HDFC, Bharti Airtel, SBI, and LIC.
Mahindra Group plans partnerships for local battery cell production to meet future electric vehicle demand in India by 2030. CEO Anish Shah confirms global technology and private equity interests for funding, focusing on indigenous production. Mahindra Electric's listing is slated for after 2030, anticipating market maturity and infrastructure growth for EV adoption despite current challenges.
A leather-bound copy of the Constitution, measuring 20 centimetres in length and nine centimetres in breadth, has a deep Lucknow connection as it was first printed by publishers Eastern Book Company in 2009. As many as 16 editions have been released so far. The pocket constitution has attracted more interest after being frequently flashed by Rahul Gandhi during the Lok Sabha elections, leading to increased orders and curiosity among people.
The Delhi High Court has ordered social media platforms to take down videos and audios of Delhi Chief Minister Arvind Kejriwal's personal address to the court. The petition accused violation of video conferencing rules. The court directed platforms to ensure the content is not reuploaded, citing a breach of Delhi High Court Video Conferencing Rules, 2021. The next hearing is scheduled for July 9. The complaint also alleged manipulation of court proceedings by some Aam Aadmi Party members.
Four individuals in Jaora, Madhya Pradesh, were arrested under the National Security Act (NSA) for throwing a severed cow head onto a temple premises, inciting community unrest. Authorities acted swiftly, preventing a flare-up and increasing security. Community protests and calls for peace followed, with local leaders and officials working to maintain order.
India's coal imports surged 13.2% to 26.10 million tonnes in April 2024, driven by early summer demand. Non-coking coal reached 17.40 MT and coking coal 4.97 MT. Amid calls for boosting domestic production, imports continue to rise, expected to meet power and industrial sector needs ahead of monsoon season restocking