Zika is an Aedes mosquito-borne viral disease like dengue and chikungunya. Though non-fatal, Zika is associated with microcephaly (a condition where the head is much smaller than expected) in babies born to affected pregnant women which makes it a cause of major concern.
The Indian office property market has surged, driven by increased economic activity and corporate occupancies, reaching a record 33.5 million sq ft in gross leasing in the first half of the year. Global Capability Centres (GCCs) significantly contributed, with strong leasing momentum across major cities, indicating potential for a record-breaking 2024.
The Indian rupee will trade within the narrowest range in nearly three decades over the coming year as the Reserve Bank of India (RBI) continues to maintain its tight grip on the currency's movements, according to a Reuters poll.
The revenues have been growing at 15% to 17% and this year 15% to 20% is what we are expecting in terms of the top line.
In his reaction to the remarks, Congress general secretary Jairam Ramesh said, "Today in the Rajya Sabha, after months of absolute silence on the issue, the non-biological PM made the astounding claim that the situation in Manipur is normal."
India plans a substantial increase in rural housing subsidies in the upcoming federal budget, potentially exceeding $6.5 billion, up by 50% from the previous year. This initiative aims to address rural economic distress and boost infrastructure spending including village roads and job programs, amid challenges in the agriculture sector and recent electoral setbacks for Prime Minister Narendra Modi's party.
Brokers must biannually report suspicious activities to stock exchanges. Sebi's amended PFUTP rules, effective from June 27, aim to prevent manipulative trade practices.
Federal Bank reported a 20% year-on-year rise in gross loan portfolio to Rs 2.24 lakh crore at the end of June. Fairfax-backed CSB Bank clocked a 17.8% rise in gross loans to Rs 25,099 crore while South India Bank's loan portfolio rose 11.4% to Rs 82,510 crore.
According to analysis by domestic brokerage firm Motilal Oswal, nearly half of the Nifty constituents are trading above their historical average prices.
India's Jammu and Kashmir failed to attract bids in its second attempt to auction mining rights for newly discovered lithium reserves, estimated at 5.9 million metric tons. The block may now be assigned to a government agency for further exploration. This comes amid India's strategic focus on securing critical minerals for electric vehicle batteries.
Uttar Pradesh Chief Minister Yogi Adityanath ordered a judicial probe into the Hathras stampede, which claimed 121 lives and injured 28. The Special Investigation Team, led by a retired judge, will investigate the incident, which involved 2.5 lakh devotees. Police are searching for Bhole Baba, the preacher at the event. An FIR has been filed against the organizers.
The court has already issued notice to the CBI and scheduled arguments for July 17 regarding his arrest in the CBI case. The excise policy under scrutiny was terminated in 2022, prompting a CBI investigation into alleged misconduct and favoritism towards license holders during its revision.
India's government plans a $33 billion equipment order to accelerate coal-fired power capacity additions amid soaring electricity demand. Major firms like NTPC and Adani Power are expected to lead tendering, aiming to add 31 GW in 5-6 years. The move follows record-high power demand and recent supply challenges, prompting urgent action to bolster infrastructure.
An average customer earning Rs 30,000 to Rs 40,000 per month can expect to save about Rs 1,500 per month by using CNG as a fuel. Also, CNG, while still a carbon-based fuel, has far less carbon content, and to that extent, it is much more beneficial from an environmental point of view than diesel or petrol, says Rakesh Sharma, ED, Bajaj Auto.
Sales of e2Ws plummet due to policy inconsistencies, supply chain issues with Chinese suppliers, and expectations for FAME III rollout, impacting top manufacturers like Hero Electric, Okinawa, and Ampere.
Prime Minister Narendra Modi addressed the Rajya Sabha, highlighting a decline in violence in Manipur and the reopening of schools across most parts of the state. He emphasized ongoing efforts by the Centre, in collaboration with the state government and others, to restore complete peace. Modi also noted significant law enforcement actions, including the arrest of more than 500 individuals and the registration of over 11,000 FIRs in Manipur.
Shiv Sena MLA Pratap Sarnaik criticized a Mumbai college for its dress code banning jeans, T-shirts, and revealing outfits, labeling it a "Talibani fatwa." The college, N G Acharya and D K Marathe, issued the notice after previously imposing a dress code that was challenged in court. Sarnaik called for action against the college authorities.
Rajya Sabha adjourned sine die after House adopted Motion of Thanks, ending 264th session. Lok Sabha adjourned sine die on Tuesday.
Federal Bank led in gross loan expansion with a 20% year-on-year increase to Rs 2.24 lakh crore by June's end. Meanwhile, CSB Bank recorded the highest deposit growth among Kerala-based lenders, marking a 22.4% rise to Rs 29,920 crore. Other banks like South Indian Bank also saw notable loan portfolio growth, with CSB Bank reporting a 17.8% increase to Rs 25,099 crore and South Indian Bank reaching Rs 82,510 crore, up 11.4%.
Emcure Pharmaceuticals' IPO attracts high demand from investors, with a price range of Rs 960-1008 per share. Analysts foresee business improvements and revenue growth potential in the global pharmaceutical market, supporting the company's expansion strategies.
Bansal Wire's IPO saw strong demand from retail and non-institutional investors on the first day, while the QIB portion remained unsubscribed. Proceeds will be used for debt repayment, working capital, and general corporate purposes.
The prime facie report suggests that the stampede occurred as devotees rushed to seek blessing from 'Bhole Baba', the preacher at the religious congregation Satsang, as he was about to leave the venue after the prayer.
A total of 55,189 shares changed hands on the counter till 02:10PM (IST)
