Delhi police’s status report affirmed Samir Modi, GPI’s executive director, was assaulted by Bina Modi’s PSO, with no evidence of criminal intimidation or conspiracy by Bina Modi or Lalit Bhasin. PSO Surendra Prasad denied receiving written orders. Bina Modi is a director and Bhasin an independent director at GPI. GPI's board did not respond.
Budget: Among other things, the agri industry wants better seeds for crops like cotton and oilseeds whose production is not increasing, and technological support to deal with climate change.
Scarlett Johansson and Channing Tatum have united for the romantic comedy 'Fly Me To The Moon', which Apple originally planned for exclusive streaming on Apple TV+, but later realized that it could also succeed if released to theaters.
Arms of the Ministry of Corporate Affairs (MCA) have intensified enforcement actions in recent quarters to ensure stricter adherence to rules, even as the government has lessened the compliance burden on India Inc. In the June quarter, various Registrars of Companies (RoCs) issued a total of 321 orders against firms for alleged lapses under the Companies Act. This figure represents about a fourth higher than the previous quarter, which also saw increased action, according to an analysis of public orders.
Dezerv, an investment management platform, has raised $30 million in funding led by Premji Invest. The company plans to develop new investment strategies for high-net-worth individuals and increase its assets under management. With a primary capital raise of Rs 265 crore and a secondary component of Rs 53 crore, Dezerv is set for growth.
RBI met CFOs and auditors to enforce zero tolerance for compliance lapses. Deputy governors stressed accurate balance sheets, aggressive lending risks, and ever-greening of loans. Recent CEO talks included credit-deposit growth gaps. Governor Das emphasized risk awareness. Digital banking restrictions on Kotak Bank, IIFL Finance, and others were due to regulatory lapses.
"Longlegs," featuring Nicolas Cage and Maika Monroe, is scheduled for theatrical release on July 12. The movie has created considerable excitement in the horror community.
The Supreme Court has issued notices on appeals by the UP government and CBI against the Nithari killings acquittal. Justice BR Gavai's bench directed responses. Tushar Mehta termed Surinder Koli a serial killer. The Allahabad High Court reversed Koli’s death sentence amid cannibalism claims. Skeletal remains of children and young women were discovered in Noida, December 2006.
FMCG sales growth has slowed down in both urban and rural areas despite price cuts. Factors such as heat waves, election-related restrictions, and reduced cash-buying have impacted demand. Analysts foresee a potential rural-led recovery in the second half of FY25, with expectations of muted value growth and potential volume growth for staple companies.
Supreme Court considers possibility of NEET exam retest due to breach concerns. Government urged to acknowledge irregularities. CBI to provide investigation status report. Cyber forensics and data analytics suggested for fraud detection. Committee proposal for future leak prevention under review. Next hearing scheduled for July 11.
Reliance Retail plans a sports format to rival Decathlon, targeting 8,000-10,000 sq ft spaces with play areas post-Covid. Athleisure demand surged, filling a retailer gap in India. Leading sports brands saw 35-60% sales growth since FY21. Decathlon's FY23 revenue hit ₹3,955 crore. FDI rules impact Decathlon's operations. India's 1.4 billion population drives market growth.
A three-star General eyes promotion, MLA's oath-taking mistake corrected, and Chinese President Xi Jinping sends condolences at SCO summit. Interesting developments observed.
India's top carriers seek a duty waiver on 4G/5G gear in the Budget to cut costs and improve connectivity. They propose suspending the 5% AGR contribution towards USOF until its ₹79,638.31 crore corpus is used, reducing the licence fee to 1% of AGR, and extending tax rebates. COAI, major carriers, and finance ministry support it.
Budget: The government is considering doubling the minimum guaranteed amount under the Atal Pension Yojana to Rs 10,000 in the upcoming budget, according to sources. This decision, which is expected by July 23, is being evaluated for its fiscal impact while aiming to strengthen the social security framework as the government prepares to implement the labor code on social security.
Mobile phone retailers are calling for an end to financing schemes after reporting 10-12% fraudulent purchases. They are advocating for open-box deliveries and biometric verification to prevent misuse. Apple is aware of the issue, but no significant action has been taken yet.
Rahul Gandhi expresses concern over ongoing ethnic strife in Manipur. Calls for PM Modi to visit and address the situation. Congress offers assistance to restore peace. Gandhi emphasizes the need for unity and peace in the region.
Some of the previous licensing rounds have also witnessed multiple bid submission deadline extensions, which are made in the hope of attracting more, especially foreign, bidders. Despite deadline extensions, foreign and private players have shown limited interest in India's exploration licensing rounds.
Pakistan Markazi Muslim League, associated with banned JuD and Hafiz Saeed, holds protest against government policies in Lahore. Designated terrorists Tabiah Qayyum and Muzammil Iqbal Hashmi address the demonstration.
LPG, used mostly as cooking gas in the country, grew 3.2% in sales in June. Jet fuel consumption grew 10%, helped by a rise in holiday travel in June. Sales of bitumen, used mainly in building roads, grew 4.2% while the use of polluting petcoke rose 2%.
The Spain vs France encounter in the Euro Cup 2024 semifinals will be an absolute treat for football fans all across the globe as players from both teams are pumped up after convincing victories in the respective quarterfinals clashes. France, however, had to battle it out extensively against Cristiano Ronaldo's Portugal. Here's some insights into the upcoming semifinal clash and how to watch it live.
Five Army personnel, including a junior commissioned officer, were killed and five others injured in an ambush in a remote village of Kathua district. The attack occurred on the 8th death anniversary of Hizbul Mujahideen commander Burhan Wani. Security forces are actively engaged in the area.
The government has reopened the window for white goods manufacturers to apply for the Production-Linked Incentive scheme. Leading companies like Voltas and Blue Star are evaluating new applications. The scheme aims to increase local manufacturing and boost the industry by 2029.
Protesting farmers seek support from non-NDA MPs for MSP guarantee legislation through private members' bills before the upcoming budget session. Initiating discussions with MPs from key agrarian states, the farmers aim to address their demands through parliamentary channels.
Mumbai experienced heavy rainfall with the island city recording 115.63 mm in 24 hours. Various incidents like tree falls, short-circuits, and house collapses were reported, with one fatality due to a short-circuit. Fortunately, no other deaths were reported. The city faced challenges such as vehicle damage and infrastructure issues. Authorities are working to address the aftermath of the rain and ensure safety for residents.
Jharkhand CM Hemant Soren successfully wins trust vote in the state assembly. He expands his ministry with ministers from JMM, Congress, and RJD. Opposition protests during the session, but Soren remains confident about the upcoming assembly polls.
