The Advantage Sweet, an oil tanker seized by Iran in April 2023 amid tensions with the U.S., is now heading toward international waters, according to tracking data. The vessel, carrying $50 million worth of oil for Chevron, was held by Iran without acknowledgment of its release. This move coincides with an Iranian court ordering the U.S. to pay $6.7 billion over sanctions-related medical supply issues. The tanker's seizure was linked to ongoing legal and geopolitical conflicts between Iran and the U.S.... Читать дальше...
IAMAI warns Karnataka Gig Workers Bill, 2024 impacts business ease. They urge 30-60 days consultation. Overlaps with central codes raise costs. Issues: health insurance, retirement funds, service costs, demand dips, termination notice, data sharing, dispute resolutions. Minister Santosh Lad included offline businesses, director liability in non-compliance scenarios.
“The staffing industry also continued to demonstrate QoQ (quarter-on-quarter) growth of 2.3% in Q4 FY24, adding 30,000 new flexi employment opportunities. The market witnessed a significant improvement across most sectors," said Lohit Bhatia, president, ISF.
The government has notified draft right of way rules under the Telecommunications Act 2023 to simplify regulatory requirements for telecommunication network establishment. The rules include provisions for compensation, installation rates for small cells, and temporary network deployment. The industry anticipates a smoother process with the new rules, although effective implementation will be key. Companies can apply online for network setup with the required documents. Queries or clarifications can... Читать дальше...
The Enforcement Directorate has arrested the director of an automotive equipment manufacturing company in connection to a Rs 25,000-crore bank loan fraud case. Allegations of money laundering, cheating, and diversion of loans have been made. The case originated from a CBI FIR based on complaints from banks.
Corrections and volatility are inherent in the market, regardless of how strong the bull run may be. Instead of dwelling on their occurrence, focus on mastering simple yet effective techniques to preserve capital and make profitable trades during short-term market movements.
England were awarded a breather in the form of a penalty during the semifinal game against Netherlands at the Euro Cup 2024, which left Dutch fans and even former England players surprised. A questionable UEFA rule was cited while awarding this penalty when a tussle with Harry Kane was seen near the penalty box, after which VAR interfered and ultimately a penalty was awarded.
Despite fluctuations, the Nifty maintains an overall upward trajectory. A decisive move beyond 24,500 is projected to trigger further gains, potentially reaching 24,900 in the near future. The current support level stands at 24,150.
In June, U.S. consumer prices unexpectedly decreased by 0.1%, following no change in May, according to the Labor Department. This marks a second consecutive month of stable CPI readings, suggesting a slowdown in inflationary pressures. Over the past year through June, the Consumer Price Index (CPI) rose by 3.0%, a slight decline from May's 3.3% increase and slightly below economists' expectations.
Karnataka Deputy CM DK Shivakumar questions the timing of ED raids on Congress MLAs' residences, citing ongoing SIT investigations into fund diversion. Allegations of Rs 89.63 crore scam involving ST welfare funds lead to minister's resignation. Government awaits SIT report before taking further action. Bank officials implicated in fraudulent activities, with recovery efforts ongoing. Tragic suicide note sheds light on unauthorized fund transfers within the corporation.
It is in talks with a group of foreign banks for a loan of 12-15 years, people familiar with the matter said, asking not to be identified as the discussions are private. The funds would be raised for Ethane Crystal LLC, a subsidiary of Reliance Ethane Holding Pte., the group’s business of buying ships to transport ethane, they said.
The Delhi High Court has instructed the DDA vice-chairperson to eliminate encroachments and unauthorized constructions on the Yamuna river bank, bed, and drains, appointing them as the nodal officer to coordinate with various agencies. The order, issued on July 8, followed a petition seeking the removal of illegal structures near Shaheen Bagh and measures to prevent future encroachments.
Sonata's emphasis on platform-based services, particularly with Microsoft Dynamics, caters to a growing industry demand, boosting revenue through licenses and fueling the company's overall growth.
Elon Musk's X is testing a dislike button, drawing mixed reactions. Users fear increased negativity and manipulation, while some plan to target Musk with dislikes. The button design mirrors the like button but with a downward arrow. This development parallels YouTube's hidden dislike counts. The feature's future remains uncertain, pending further testing and user feedback.
Union agriculture minister Shivraj Singh Chouhan assured Bihar agriculture minister Mangal Pande of unwavering support for state farmers and advocated for synergistic efforts to boost agricultural growth. Chouhan committed to reviewing funding allocations under RKVY and National Food Security Mission to enhance Bihar's agricultural initiatives. The meeting also discussed the need for seamless seed supply and a comprehensive review of agriculture ministry schemes.
Vedanta's Hindustan Zinc now uses 450 MW from Serentica Renewables in Rajasthan, supplementing its 40.70 MW solar capacity. Aiming at reducing 0.45 million tonnes CO2, sustainability, and decarbonizing, this step coincides with Global Energy Independence Day. Phase 1 in Bikaner exemplifies Serentica's clean energy. Hindustan Zinc is the world’s second-largest zinc producer.
Robust Events and Team Rustic, led by Ravi Mehta and Vinod Janardhan, are revolutionizing corporate and MICE events with innovative technologies and immersive experiences. This partnership offers expanded services, seamless planning, a shared commitment to transform audiences, and a steadfast dedication to redefining standards of excellence and flawless execution.
Former Indian men's hockey team captain Manpreet Singh, who led the team to a bronze medal at the Tokyo Olympics, is gearing up for his fourth and final Olympics in Paris. Despite facing challenges and false allegations, the experienced midfielder remains focused on giving his best at the upcoming Games, emphasizing the importance of family and team support during tough times.
Lonavala, a popular hill station, is known for its scenic beauty, waterfalls, and delectable treats like chikki and fudge.
GeM, led by CEO Prashant Kumar Singh, aims to surpass South Korea’s KONEPS by integrating construction contracts. FY24 procurement hit Rs 4 lakh crore, and FY25 Q1 reached Rs 1.24 lakh crore, with ministries and CPSEs, contributing Rs 91,000 crore. Nearly completed stakeholder consultations focus on a Unified Procurement System. MSME transaction charges were lowered to 0.3% with a Rs 3 lakh cap.
Prestige Estates Projects Limited experienced a 22% decrease in sales for Q1 FY25 at Rs 3029 crore, largely due to the general election and delays in project approvals. The sales volume decreased from 3.83 million square feet to 2.86 million square feet. Despite this, the company crossed a sales figure of Rs 3,000 crore.
Trailblazing Indian shuttler Saina Nehwal expressed her belief that she may have excelled more in sports if she had pursued tennis over badminton. Despite her success as a badminton player, including being ranked world No. 1 and winning Olympic and World Championship medals, she feels tennis offers more opportunities.
