New CBDT chairman Ravi Agrawal emphasizes the significance of decisions on the economy and ease of doing business. He calls for the creation of a 100-day action plan and stresses the importance of taxpayer trust and modern technology integration for efficient processes.
Narayan Sakar Hari, known for conducting satsangs, faced a stampede at his program in Uttar Pradesh. The incident was due to extreme humidity and heat, causing injuries. Originating from Bahadur Nagri village, he left his intelligence job to establish an ashram, also serving in the UP Police. Stressing donations, he identifies as a disciple of Hari with recognition from Brahma and Vishnu.
Prime Minister Narendra Modi expressed deep sorrow over the Hathras stampede. He announced Rs 2 lakh ex-gratia for the deceased and Rs 50,000 for the injured. More than 50 people died during a 'satsang' event in Uttar Pradesh's Pulrai village. Modi conveyed condolences in Parliament, ensuring aid coordination with UP officials. The PMO announced relief funds while officials reported casualties and ongoing medical care efforts. Hathras MP Anoop Pradhan described the incident as tragic and highlighted ongoing treatment for the injured.
Spain significantly increased its renewable energy generation in the first half of 2024, with renewables contributing 60 per cent of its electricity, up from 51 per cent a year earlier, driven by new solar capacity and increased output from hydropower plants, according to data from grid operator Redeia, with wind farms generating 24.4 per cent of the total, solar plants 16. per cent, and hydropower dams 15.9 per cent, aligning with Spain's goal to reach 80 per cent renewable electricity by 2030.
Federal Reserve Chair Jerome Powell stated the U.S. central bank requires more data before reducing interest rates to confirm the recent lower inflation is accurate. May data showed no increase in the Fed’s preferred inflation measure, with the 12-month rate decreasing to 2.6%, still above the 2% target.
The Fed has kept its benchmark policy interest rate steady in the 5.25%-5.5% range since last July, but officials are debating when to ease monetary policy as inflation edges back to the central bank's 2% target. Inflation is still more than half a percentage point above that target, according to the Fed's preferred personal consumption expenditures price index, and was described as "elevated" in the central bank's June 12 policy statement.
Lucknow, Thiruvananthapuram, and Gurugram shine in electric car sales growth. Tier 2 cities emerge as pivotal for electric two-wheeler market. Financial support crucial for tier 3 cities' EV growth. Bengaluru and Jaipur lead in EV adoption. Wealthier cities drive electric vehicle growth, while private uptake fuels tier 2 cities' demand.
There is a summertime spike in COVID-19 cases in 39 states in the United States. Reduced immunity, low vaccination rates, new COVID-19 variations, and an increase in indoor meetings are the main causes of this surge.
Opposition members in the Rajya Sabha criticised the government over recent examination paper leaks, highlighting the impact on youths and student morale. Calls were made for a fair probe supervised by the Supreme Court, expressing doubts about the government's handling of the situation. Allegations of irregularities, corruption, and lack of action against coaching centers were raised, with demands for accountability and cancellation of exams.
Controversy surrounds CM Siddaramaiah's wife's MUDA plot allotments as Urban Development Minister Byrathi Suresh uncovers rule violations and lack of Cabinet approval, sparking a major investigation.
The Dow Jones Industrial Average fell 61.27 points, or 0.16%, at the open to 39,108.25.
Jennifer Lopez and Ben Affleck, known as Bennifer, have faced marital issues and lived separately since March. Despite therapy and ongoing divorce rumors, they continue their activities.
What could be the source of thousands of boreholes or pockmarks found on the seabed off Slur in California? Did methane bubbles create these holes like pockmarks found elsewhere? The Monterey Bay Aquarium Research Institute (MBARI) has carried out studies but still needs help finding clear answers to mysteries.
Edtech startup Unacademy fired 250 employees in a fresh round of layoffs. This and more in today’s ETtech Top 5.
JK Paper rallied over 18%, Solar Industries closed with gains of over 9% and Godrej Agrovet rose more than 8%. These stocks hit fresh record highs on Tuesday.
Ambani family hosts 'Samuh Vivah' for underprivileged couples, blessing them with gifts, cultural dances, and a lavish dinner, fostering joy and community spirit to celebrate love and new beginnings with a touch of social responsibility.
Puravankara's strategic plans include reducing net debt, optimizing debt costs, and utilizing its extensive land bank for future expansion and growth, as announced by the Group CEO. The company is focused on enhancing revenue from key markets like Bangalore and exploring new funding sources through AIFs, aligning with its goal of sustained growth and development.
The fatal Porsche car crash by a juvenile in Pune's Kalyani Nagar led to the deaths of two software engineers, resulting in legal actions under the Motor Vehicles Act. The builder and grandfather were arrested for kidnapping and wrongful confinement, granted bail, and cooperated with the investigation agency, following stringent conditions.
A survey has found that Biden still has the support of the Democrats after the first US Presidential Debate. Trump has a slight edge over Biden with 45% of the respondents reposing their faith in his capabilities to lead the nation.
Tour de France's stage three saw a mixture of records and misses, starting with Biniam Girmay bagging a stage win, becoming the first black African to achieve this feat. Meanwhile, Mark Cavendish failed to break the record for stage wins at Tour de France. Richard Carapaz swelled with pride as he managed to take the yellow jersey from Tadej Pogacar, becoming the first Ecuadorian to do so. Here's how you can catch all the Tour de France live action on your screens from the United States.
Avenue Supermarts, owner of DMart, reported a 22.4% increase in consolidated net profit to Rs 563 crore for the quarter ended March 2024, driven by a 20% YoY jump in revenue to Rs 12,727 crore. The company also witnessed a 22.3% YoY growth in EBITDA to Rs 943 crore, with operating profit margins expanding by 13 basis points to 7.41%.
Nine non-banking finance companies, including Ujjivan Financial Services and Fino Finance, have given up their licenses for various reasons, such as Ujjivan becoming a legal entity after merging with Ujjivan Small Finance Bank and Fino exiting the NBFC business. Four lesser-known entities did the same, Allegro Holdings, Temple Trees Impex & Investment, Hem Financial Services surrendered their licenses as they met the criteria for unregistered Core Investment Company (CIC) status.
