India faced ups and downs in the cricket world cups, falling short in the ODI tournament but redeeming themselves in the T20 competition. Led by Rohit Sharma, India's victory in the T20 World Cup came after a remarkable display of batting prowess against Australia. Despite a strong start, Australia's exit from the tournament raised questions about their team selection. The highlight of the match was Rohit's aggressive innings, scoring 92 runs off 41 balls before being dismissed by a Starc yorker. Читать дальше...
Newly elected Indian-origin MPs to the House of Commons have been pledging allegiance to the British Crown, swearing on holy texts or affirming their oath. Rishi Sunak and Kanishka Narayan chose the 'Bhagavad Gita', while others like Bob Blackman, Tan Dhesi, and Preet Kaur Gill selected various sacred texts. Some MPs opted for non-religious affirmations. The process concluded, and Parliament will reconvene for the State Opening on July 17.
The luxury housing market in Mumbai is experiencing significant growth, driven by a surge in sales of properties priced at Rs 10 crore and above. Sales in the first half of 2024 reached a record high of Rs 12,300 crore, marking an 8% increase compared to previous periods. Factors contributing to this trend include rising disposable incomes, favorable government policies, and strong interest from both domestic and international investors.
In Mumbai, Anant Ambani and Radhika Merchant’s Bhandara at Antilia provides nutritious meals daily. This initiative addresses a pressing need and strengthens community bonds. It demonstrates the Ambani family’s philanthropic legacy, focusing on uplifting others and reminding us that true legacy lies in making a significant difference.
In a landscape where traditional finance meets cutting-edge technology, Pankaj Balani, co-founder of Delta Exchange, in a recent live stream session on ETMarkets, revealed how cryptocurrency derivatives are opening new avenues for Indian traders.
Budget 2024: In preparation for the Union Budget 2024, Prime Minister Narendra Modi convened a meeting with economists and sectoral experts on Thursday.
Analysts note that while product prices are normalizing after nearly two years of increases, they remain higher than pre-pandemic levels. This leaves packaged-food companies like PepsiCo with limited pricing power as volumes decrease. PepsiCo raised average prices by 5% for the quarter ending June 15, consistent with the first quarter, but overall organic volumes declined by 3% during the period.
Tata Elxsi and Emerson's TENMIC in Bengaluru focuses on automotive innovation, emphasizing electrical/electronic architecture, electrification, and connectivity. Shaju S mentions its connection to India's R&D ecosystem and global OEMs. The centre advances software-defined vehicles, EV systems, and autonomous driving. Shitendra Bhattacharya from Emerson highlights comprehensive automated solutions and testing in India & ASEAN.
The Association of Mutual Fund of India (AMFI) has released 16-point proposal for Union Budget FY 2024-25 requesting tax concessions in debt mutual funds, parity in taxation on gold and Gold ETF MF, and that all mutual funds should be allowed to launch pension oriented MF schemes with uniform tax treatment as National Pension System (NPS).
President Joe Biden faces intense global scrutiny following recent public appearances that have raised concerns about his performance, particularly after a disappointing debate in June. His upcoming solo press conference at the NATO summit on Thursday is seen as a critical test, where he will field questions from reporters for the first time since November.
PepsiCo's second-quarter revenue fell short of expectations due to pricing increases and competition, particularly in the U.S., where sales of snacks and soda were impacted. Despite raising product prices by 5%, organic volumes declined by 3%. Sales at Frito-Lay North America also dropped, contributing to the overall revenue increase of 0.8% to $22.50 billion. Adjusted earnings per share exceeded estimates at $2.28.
The Nifty IT index closed 0.14 per cent up at 37332.6.
Union Health Minister J P Nadda emphasized on achieving the 'Viksit Bharat' goal through maintaining the health of Indian families with smaller sizes. He urged the Centre and states to collaborate on family planning choices to avoid unwanted pregnancies, meet contraceptive needs, and celebrate World Population Day for population stabilization. Nadda highlighted the success of 'Mission Parivar Vikas' in reducing fertility rates and mortality, urging continued efforts to achieve replacement levels nationwide.
BUDGET EXPECTATIONS: India's upcoming Union Budget for FY 2024-25 is anticipated to extend the 15% concessional tax rate for new manufacturing companies, boosting investor confidence in the sector. This measure aligns with India's "Make in India" initiative, promoting self-reliance and economic growth. The move aims to sustain GDP growth, projected at 6.9% in 2024, and position India as a competitive global manufacturing hub.
Experts anticipate a significant increase in India's defence budget during Finance Minister Nirmala Sitharaman's upcoming Union Budget presentation on July 23. This follows a strategic shift towards bolstering military capabilities, especially in response to China's growing influence and territorial challenges.
Rajrishi Bidawat, driver of Mihir Shah, was sent to 14-day judicial custody by a Mumbai court in the BMW hit and run case. Shah allegedly switched seats with the driver after the crash that killed a woman and injured her husband. Bidawat was earlier sent to police custody. Shah was arrested in Virar three days after the incident and admitted to have driven under the influence of alcohol.
The plan to deploy U.S. long-range missiles in Germany has sparked both support and concern. Announced at a NATO summit, the deployment set for 2026 aims to enhance European defense with SM-6, Tomahawk, and hypersonic weapons. Supporters say it deters Russia, while critics warn it could provoke a new arms race. The move has created tensions within Chancellor Olaf Scholz's coalition and is likely to be a focal point in upcoming elections. Moscow condemned the plan, promising a response, while domestic opposition in Germany remains strong.
The Supreme Court in India has summoned the chief and finance secretaries of 16 states for non-compliance with the Second National Judicial Pay Commission's recommendations on pension and retirement benefits for judicial officers. The court, led by Chief Justice D Y Chandrachud and justices J B Pardiwala and Manoj Misra, stated that the court would not send the chief and finance secretaries to jail but would require them to be personally present. The court directed the top two bureaucrats of 16 states to appear before it on August 23.
A Saudi Airlines flight from Riyadh with 276 passengers and 21 crew caught fire upon landing at Peshawar's Bacha Khan International Airport. Flames on the landing gear were swiftly extinguished by CAA fire vehicles. Air traffic controllers reported the incident to pilots. Passengers evacuated via inflatable slide. CAA confirmed ongoing flights. Global Defense Insight shared photos.
Led by gains in AU Small Finance Bank, SBI, Bandhan Bank, and The Federal Bank, the banking index rebounded from a dip to the 51,800 level, closing higher and signaling continued bullish sentiment despite selling pressure on HDFC Bank and ICICI Bank.
