The Indian rupee closed slightly lower at 83.52 against the U.S dollar due to importers' bids amid quiet Asian peers.
Veteran BJP Lok Sabha member Ramesh Jigajinagi expressed disappointment at being left out of the union council of ministers, questioning if Dalits had not supported the party. Despite winning from Bijapur for the seventh time and serving as MoS from 2016 to 2019, he felt overlooked. Jigajinagi highlighted the absence of Dalit representation in the new ministry, sparking debates on BJP's stance on marginalized communities in Karnataka.
Since the June 4 market debacle when Nifty hit a low of 21,884.50, it has seen a rally largely moving towards north. The index attained a lifetime high of 24,433.20, traversing 2,560 points or 12%.
Supreme Court judge Sanjiv Khanna has recused himself from considering pleas for review of the apex court's judgement last year, which declined legal recognition to same-sex marriage. Khanna cited personal reasons for his recusal. The recusal would require reconstitution of a fresh five-judge constitution bench by Chief Justice D Y Chandrachud for considering the review pleas.
India's Prime Minister Narendra Modi has emphasized the unacceptable killing of innocent people and the need for dialogue and diplomacy. He praised Austria Chancellor Karl Nehammer for welcoming him and stating that this is the first time an Indian PM has visited Austria. Modi's visit to Austria is considered historic and historic, as it marks the first time any Indian PM has visited the country since Indira Gandhi's visit in 1983.
A BMW car driven by key accused Mihir Shah allegedly rammed into a two-wheeler in the Worli area of south-central Mumbai on Sunday morning, resulting in the death of Kaveri Nakhwa (45), who was riding pillion, while her husband Pradeep survived with injuries.
National Savings Certificates is considered as the best option for risk-averse investors looking for consistent returns that are often higher than fixed deposits. NSC is a government-backed fixed-income investment scheme offered by India Post's small savings schemes.
Despite the challenges, Mumbaiites turned to social media to share lighthearted memes, poking fun at the city's monsoon woes. These memes, ranging from witty observations to satirical takes on the situation, resonated widely, providing a humorous outlet amidst the chaos.
China's Commerce Ministry announced an investigation into alleged unfair EU trade practices in wind power, photovoltaics, and security equipment. Initiated by China's Chamber of Commerce for Import and Export of Machinery and Electronic Products, the probe follows EU investigations into Chinese subsidies. The investigation is set to conclude by January 10, 2025.
ICRA VP Srikumar Krishnamurthy discusses post-COVID PV segment recovery driven by pent-up demand, new SUV launches, and government support for hybrid/CNG vehicles. Despite an elevated base, higher inventory, and softened demand, utility vehicles remain preferred. Temporary discounting reflects a pre-festive marketing strategy, highlighting OEMs' competitive intensity and M&M's celebratory offers.
AAP MLA Kartar Singh Tanwar and former Delhi minister Raj Kumar Anand joined the BJP, criticizing Delhi's lack of development and alleging corruption in the AAP government. Anand, a Dalit leader, accused CM Kejriwal of neglecting Dalit issues. They praised PM Modi's leadership, signaling dissatisfaction with AAP's governance.
Lava International may spin off its manufacturing arm to meet PLI targets. Despite past struggles and lost business from Chinese brands and Google Pixel, head of manufacturing Sanjeev Agarwal is hopeful about a new incentive package. Lava plans increased local value addition, PCBA, and evaluating components for in-house production or outsourcing, balancing capital expenditure for growth.
Ganesh Green Bharat is enjoying a GMP approximately 120% higher than its issue price, while Effwa Infra is seeing a premium of nearly 146% above its IPO price in the unlisted market.
TATA Starbucks opened its first store in a metro station at the Western Express Highway metro station in Mumbai. It will offer quick grab-and-go options and dine-in facilities from 8 am to 9 pm daily. CEO Sushant Dash expressed the company's commitment to providing an exceptional coffee experience in a convenient location. The store features a diverse menu with Indian-inspired beverages and loyalty programs for customers to enjoy.
Private equity deals in Indian real estate surged in Q1 FY25, mainly due to a significant investment in Reliance Retail's warehousing assets. The $1.5 billion Reliance-ADIA-KKR deal represented 71% of total PE deals. Despite an overall weak macroeconomic environment, deal sizes increased by 23% year-on-year. Other notable transactions occurred in Hyderabad, Bengaluru, Pune, and MMR.
Explore the best summer vacation spots for kids in countries like Singapore, Indonesia, Germany, Australia, South Africa, USA, Mexico, and Italy. Plan a safe and memorable trip with travel insurance for medical emergencies and trip cancellations. Create unforgettable family memories this summer!
Angel One denies new data breach, clarifies leaked data from April 2023. Company assures customers of enhanced security measures including two-factor authentication. Client base grows significantly in June 2024. Personal information of 7.9 million customers leaked in previous breach.
With most of India's ICC Men's T20 World Cup 2024-winning squad rested for the Zimbabwe tour, the five-game series has allowed India's back-up players to showcase their talent, and with the retirement of stalwarts Rohit Sharma, Virat Kohli and Ravindra Jadeja, the upcoming players can make a good case for a regular place in the side.
The Indian Commerce Ministry has announced a cap on interest equalisation for import-export codes (IEC) from July 1 to August 31. The government extended the interest equalisation scheme (IES) for two months to boost outbound shipments. The scheme, which ended on June 30, is only applicable to MSME manufacturer exporters. The IEC is mandatory for exports and imports.
Kacholia on the other hand appears to have capitalised on the buy-on-dips opportunity. While its returns in 2024, so far have been negative 21%, on an annual basis they stand at 75%.
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India vs Zimbabwe 3rd T20 Pitch Report: With the five-match T20I series tied at 1-1, India faces Zimbabwe in the crucial third game at Harare Sports Club on Wednesday. After bouncing back in the second match, both teams aim to take the lead. The challenging pitch conditions, as highlighted by Ruturaj Gaikwad, will test their performance.
