RBI's BoP data shows a $5.7 billion surplus for March 2024, driven by service exports and $107 billion remittances. It reverses an $8.7 billion deficit. Fiscal year's deficit is $23.3 billion. Merchandise trade deficit narrowed. Despite the surplus, net FDI flows dropped, and rupee appreciation is unlikely. Global Captive Centers indicate services expansion, but domestic manufacturing growth remains subdued.
About 450 cubic kilometres of groundwater was lost in northern India during 2002-2021 and climate change will further accelerate its depletion in the years to come, according to a new study. This is about 37 times the quantity of water the Indira Sagar dam -- India's largest reservoir -- can hold at full capacity, lead author Vimal Mishra, Vikram Sarabhai Chair Professor of Civil Engineering and Earth Sciences at IIT Gandhinagar, said.
US President Joe Biden heads back out on the campaign trail Sunday, desperate to salvage his re-election bid as senior Democrats meet to discuss growing calls that he quit the White House race. The House minority leader, Hakeem Jeffries, has scheduled a virtual meeting of senior Democrat representatives for Sunday to discuss the best way forward, and Democrat Senator Mark Warner is reportedly working to convene a similar forum in the upper chamber.
Bardella is part of a generation of young people who joined the party under Marine Le Pen in the 2010s but likely wouldn't have done so under her father. Since joining at age 17, he has risen quickly through the ranks, serving as party spokesperson and president of its youth wing, before being appointed vice president and becoming the second-youngest member of the European Parliament in history, in 2019.
Tamil Nadu BSP Chief Armstrong was tragically murdered near his home in Chennai. The attack, carried out by disguised assailants, resulted in his death. Police have arrested eight suspects with criminal records, ruling out political motives. Investigation ongoing to determine the motive behind the well-coordinated assault.
Bansal Wire's IPO saw strong interest with 58 times subscription. Share allotment to be finalized on Monday. Company is the largest stainless steel wire manufacturer in India, catering to various sectors. Unlisted shares trading at a premium of Rs 76.
France's business elite is concerned about political volatility, street protests, and potential bankruptcies as the country heads into a parliamentary election. Executives meeting in Provence fear the far right and left may undo President Macron's pro-business reforms. The rise of inexperienced leaders and uncertain economic outlook are adding to their anxiety.
Signature Global reported a 3.5-fold increase in sales bookings to Rs 3,120 crore in Q1 FY24, up from Rs 820 crore last year. The realty firm's sales volume more than doubled to 2.03 million sq. ft. on high demand for its housing projects. The company aims to achieve Rs 10,000 crore in sales bookings this fiscal year.
The Israeli military said its aircraft had targeted "terrorists" operating around the Al-Jawni school. The military earlier said it had conducted operations across much of the Gaza Strip, including Shujaiya in the north, Deir al-Balah and Rafah in the south.
Authorities have alerted BSF units along international borders about their disappearance. The investigation has taken an unexpected turn following the discovery of “suspicious activity” on the constables’ phones. Tracing the phone records revealed that their devices were active in Delhi, Howrah, and Behrampore in West Bengal, near Murshidabad. Investigators are analyzing phone records and CCTV footage from these locations to understand the constables' travel patterns and investigate any potential connections to Shahana’s family in West Bengal.
Eight people were missing, either washed away by floods or buried in landslides, while 12 others were injured and being treated in hospitals, police spokesperson Dan Bahadur Karki said.
"Bhole Baba" gains popularity in India's northern states due to claims of miraculous healings. Former police constable turned preacher attracts followers with promises of divine blessings. Recent gathering led to deadly stampede in Hathras, resulting in arrests of event organisers. Sociologists attribute appeal of godmen to providing hope and meaning to insecure and marginalized individuals.
Around 13 equity funds lost value in early 2024, per ACE MF. HSBC Brazil Fund fell 19.65%, Mahindra Manulife Asia Pacific REITs FOF 14.27%, Kotak International REIT FOF 8.71%, DSP World Energy Fund 3.42%, Mirae Asset Global Electric & Autonomous Vehicles ETFs FoF 8.11%, and ICICI Prudential Global Stable Equity Fund (FOF) 0.17%.
The trial tested whether the six-month injection of lenacapavir would provide better protection against HIV infection than two other drugs, both daily pills. All three medications are pre-exposure prophylaxis (or PrEP) drugs.
India's coal imports increased by 5.3% to 52.29 million tonnes in April-May FY24, compared to the previous year. However, May imports dropped slightly to 26.19 MT from 26.57 MT last year. Despite potential import demand slowing due to monsoons and rising coking coal prices, domestic production remains robust.
For the first time in 53 years, the Rath Yatra will extend over two days due to specific celestial alignments, last occurring in 1971. Uniquely, this year's rituals involving Lord Jagannath, Devi Subhadra, and Lord Balabhadra will happen on a single day, Sunday. Key ceremonies like 'Nabajouban Darshan' and 'Netra Utsav' will also be held on Sunday.
John Cena retirement: WWE icon John Cena announces his retirement from in-ring competition, set to leave WWE in 2025. Cena's illustrious career includes multiple WrestleMania headliners and victories over top WWE heavyweights. He plans to continue with Monday Night Raw on Netflix and wrap up his wrestling career with WrestleMania 2025.
The Chardham yatra was temporarily suspended on Sunday in view of the weather department's prediction of heavy to very heavy rains in the Garhwal region of Uttarakhand on July 7-8. Garhwal Commissioner Vinay Shankar Pandey said it has been decided to postpone the Yatra for the safety of pilgrims.
Passive funds convert a Rs 10,000 SIP into Rs 1 crore. ICICI (Jan 2003, Rs 1.55 crore), HDFC Index (Rs 1.47 crore; 13.70%), Tata (13.25%), LIC MF (12.53%) BSE Sensex Index Funds show notable returns over 21-22 years, per ACE MF.
Polycab, United Spirits, Mahindra Logistics are in focus for dividends, bonuses, and stock splits. Key stocks include Clara Industries (4:1 bonus July 8), Deep Industries (Rs 2.44 dividend July 9), JSW Steel (Rs 7.3 dividend July 9), Mphasis (Rs 55 dividend July 10), Mahindra Lifespace Developers (Rs 2.65 dividend July 12), and Vantage Knowledge Academy (stock split July 12).
In Ahmedabad, the 147th Rath Yatra of Lord Jagannath involved chariots pulled by Khalashi members. Amit Shah and Bhupendra Patel conducted rituals at Jamalpur temple. 22,000 security personnel secured the 16-km traditional route, featuring 18 elephants, surveillance cameras, and medical support. Shopkeepers' CCTV cameras enhanced security along the route, involving Vaishya Sabha.
Assam is witnessing the second wave of floods. The death toll in the floods this year stood at 52 and 12 others lost their lives due to landslides and storms.
