Up to 8.5% FD rate: 5 banks offering highest interest rates for 2-year FDs
President Joe Biden is addressing growing opposition within his party, with advisers meeting Democratic senators to shore up support. Biden's upcoming solo news conference will cover a range of topics, including concerns about his age and mental decline. The race against Donald Trump remains competitive, with calls for Biden to step aside intensifying.
The Government e-Market (GeM) portal has seen a significant surge in procurement, surpassing Rs 1.24 lakh crore in the first quarter of 2024-25. GeM aims to become the world's largest platform by the end of the fiscal year, offering a wide array of goods and services to government buyers and sellers. GeM CEO Prashant Kumar Singh highlighted the platform's growth and initiatives, including the introduction of 'GeM SAHAYAK' program to support sellers and buyers, reduced transaction charges, and the... Читать дальше...
Indian National Lok Dal (INLD) and Bahujan Samaj Party (BSP) have announced a joint alliance for the Haryana Assembly polls later this year. The BSP will contest 37 out of 90 assembly seats in Haryana, while the rest will be contested by the INLD. The alliance is based on people's feelings to oust the ruling BJP from power and keep the Congress party at bay.
BUDGET: Godrej & Boyce CEO Anil G Verma urges the government to review personal income tax slabs in the upcoming Union Budget to boost private consumption and investment. He commended the interim budget's focus on infrastructure, fiscal prudence, and welfare, and called for measures to optimize GST rates, reassess interest rates, and promote innovation and sustainable practices.
Earlier this year, Paytm faced a regulatory directive that severely impacted its payments bank subsidiary. Meanwhile, Byju’s has been grappling with issues related to corporate governance and legal. Despite the challenges India's capital market is thriving said Lightspeed Venture Partners’ Bejul Somaia in an interview.
Shocking environmental crime in Bangladesh as 26 people face charges for destroying vital mangrove forests to make way for shrimp and salt farms. Officials from the ruling Awami League party are implicated. Climate change impact worsens as ecosystem loss threatens coastal protection. International concern as world's mangrove ecosystems at risk of collapse.
Kimchi is the most famous Korean pickle, made from fermented Napa cabbage and radishes. You can easily make it using Korean red pepper flakes (gochugaru), garlic, ginger, and fish sauce or soy sauce.
Captain Avhilash Rawat and his crew of an oil tanker, 'Marlin Luanda', have been awarded the International Maritime Organisation's 2024 Award for Exceptional Bravery at Sea for their extraordinary courage in a Red Sea rescue mission. The crew was awarded for their determination and endurance in coordinating firefighting and damage control efforts during a fire that broke out after an anti-ship missile was fired by Iranian-backed Houthi rebels.
Southwest Airlines addresses investor criticism by appointing veteran airline executive Rakesh Gangwal to its board, known for co-founding and growing IndiGo. Gangwal brings extensive experience from leading US Airways and United Airlines, as well as Worldspan Technologies. He aims to enhance Southwest's culture and profitability, following previous conflicts at IndiGo. This move comes amidst concerns over Southwest's financial performance and insular practices noted by investors.
When a sector or an industry does well, stock prices also do well. But then a stage comes where while the Industry continues to do well the rate at which the stocks are rising slows. Essentially meaning that stock prices have built in a large amount of good news and they would wait for the next trigger. While there is no doubt and should not be any doubt that auto stock has done well in the last three years as the industry has been doing well. But the reaction of the street to some reports about... Читать дальше...
Hindalco's target price raised to Rs 800 by Motilal Oswal as they plan a USD 6.9 billion capex for capacity expansion.
Boost to overall infra space and the investment-led growth will possibly continue. 'We will have to wait and see what allocations are made to specific industries and segments, which we will get to know shortly, and the second factor of course will be what happens in terms of rural as well as allocations to boost demand at the bottom of the pyramid," says Shibani Sircar Kurian
CM Mamata Banerjee, at Kolkata airport, charged BJP and TV channels with defaming West Bengal using an old Ariadha mob assault video amid by-elections. TMC's Jayant Singh, breaching a 2023 bond, was arrested with others. Police identified eight. Media manipulation and damage control claims surfaced following BJP defeats in Bengal.
The NSE has revised criteria for securities used as collateral in margin trading. 1,010 stocks, including Adani Power and Yes Bank, will be impacted. New rules require securities to meet specific criteria. Changes to take effect from August 1, 2024.
Apple said its offer would give European developers an option to enable tap-and-go payments for car keys, closed loop transit, corporate badges, home keys, hotel keys, merchant loyalty/rewards, and event tickets from within their iOS apps. The offer will be valid for 10 years.
LG Electronics Inc is focusing on commercial air-conditioners in India, launching a new company for their service and maintenance, said a senior executive. Production of compressors has started locally with 50% localization, aiming to increase. LG plans to leverage India's manufacturing for exports and has set up six HVAC training academies
Initially, the proposed notes, rated BB by Fitch and Ba2 by Moody's, were expected to price a 3.5-year bond under 7%. However, Earlier this year, Greenko Mauritius deferred the bond due to interest rate volatility. The $425 million bridge loan remains outstanding and is due by September 30, 2024.
These teams were formed following the Centre's request to all state governments to develop a joint action plan, coordinating the efforts of various departments to check the production and trade of banned substances, he said. "The state government has also unearthed the involvement of some police officials in such malpractices, and they have been dismissed from service," the deputy CM added.
MG Motor India, a SAIC and JSW venture, will launch a sub Rs 20 lakh electric CUV by the festive season. The 'Intelligent CUV' features a 50.3 kWh battery, 176 hp motor, tall stance, and coupe-like roof. Expected to surpass ZS EV's 461 km range. MG saw 39% sales growth and 95% ZS EV sales increase. Competing with Tata Motors.
The Congress and the INDIA bloc, led by Rahul Gandhi, are intensifying efforts in Parliament to push for peace in Manipur following recent violence. Gandhi calls for Prime Minister Modi to personally visit Manipur and address the ongoing tragedy. Despite multiple visits and efforts, the situation remains dire with homes destroyed and families displaced.
Budget Tax Expectations: Finance Minister Nirmala Sitharaman plans to address tax relief in the upcoming full Budget to stimulate private consumption and economic growth. Expectations are high as she aims to cater to various income groups and key constituencies.
Senior BJP leader B Sriramulu accused Karnataka's Maharshi Valmiki Scheduled Tribes Development Corporation of misappropriating funds through honey-trapping government and bank officials. The money was allegedly used to purchase luxury cars including a Lamborghini. He alleged that the funds were diverted through 'hawala' channels. Former Minister Narasimha Nayak criticised the state government's alleged involvement in the scam, with the BJP demanding the arrest of Congress MLA B Nagendra over the scandal.
"The duly constituted committee of directors of the company has approved the allotment of 1,00,000 secured, rated, listed, redeemable, non-convertible debentures (NCDs) of face value Rs 1,00,000 each aggregating to Rs 1,000 crore on a private placement basis," the filing said.
