Mumbai and Hyderabad spearheaded the surge in residential launches, contributing 43 per cent of new units, with India's market hitting new heights in H1 2024. The two cities together launched a record 160,000 units (5 per cent increase from H1 2023). This was driven by premium and luxury segments. Bengaluru and Mumbai topped sales with 155,000 units sold, while prices rose 5-20 per cent in top cities. 2024 outlook is positive with sales projected at 315,000-320,000 units.
Under the POTD scheme, senior citizens are not offered any higher rates than regular citizens, unlike many banks. Interest is paid annually but calculated quarterly.
Mohinder Bhagat won the Jalandhar West assembly seat by over 37,000 votes, defeating BJP nominee Sheetal Angural. The bypoll was held after Angural's resignation as AAP legislator. The election took place at Lyallpur Khalsa College for Women in Chandigarh.
Ind vs Zim 4th T20 Playing 11: India and Zimbabwe are set to face off in the fourth T20I match, part of an exciting five-T20I series. India, known for its T20 prowess, is aiming to maintain its dominance, while Zimbabwe aims to showcase their growing potential in the shortest format. The young and raw team led by Shubman Gill is looking to clinch the series, with key faces like Virat Kohli and Rohit Sharma retired.
India Inc. is embracing ESG principles following government initiatives for long-term sustainability. Advocate Jatinder Cheema highlights the need for companies to adapt to new reporting norms. The Indian government's focus on ESG aligns with global trends and promotes sustainable development. Climate policies impact business regulations, emphasizing the shift towards sustainability and renewable energy sources.
The introduction of the disclosure framework is a laudable first step, signalling a concerted effort towards addressing climate risks and fostering climate action within the financial sector.
Congress MP Kishori Lal Sharma from Amethi supported Rahul Gandhi's stance against trolls targeting Smriti Irani, emphasising that it goes against their values to use derogatory language. Sharma, who defeated Irani in the Lok Sabha election, stated that insults show weakness, not strength. Smriti Irani thanked party workers and leaders after the election results were announced.
“If history were to repeat, we should see a dip prior to the Budget announcement. So history advises traders not to chase prices higher this week,” says Anand James, Chief Market Strategist, Geojit Financial Services.
The US yields and the US Dollar Index slumped to multi-week lows on the subdued US CPI inflation data (June). The ten-year US yields slid 0.60% on Friday as the yields fell around 2% on the week. The two-year yields, more sensitive to monetary policy, were down nearly 3% on the week. The US Dollar Index was down about 0.80% this week.
The Ministry of Home Affairs has amended the Jammu and Kashmir Reorganization Act, 2019, enhancing the powers of the Lieutenant Governor. The President has approved the amendments, which will come into force on July 12. The changes are related to various government procedures in the Union Territory.
Ind vs Zim 4th T20 Pitch Report: India is leading the India in Zimbabwe series with a 2-1 record in the five-match series. In the second T20I against Zimbabwe, Shubman Gill & Co. found their rhythm with a century by debutant Abhishek Sharma and spinners Ravi Bishnoi and Washington Sundar. In the third T20I, the young Indian team continued their victory march with a 23-run win.
Rescuers, aided by divers from Nepal's security forces, resumed the search for over 50 missing individuals, including seven Indians. Two buses were swept away by a mudslide into a rain-swollen river in Nepal's Chitwan district. The buses were carrying 54 passengers, with three survivors and 51 still missing. Nepal faces increasing extreme weather events, with rising temperatures and heightened vulnerability to climate crises, impacting millions across the country.
Supreme Court judge Justice Sanjay Karol remarked that the construction of dams on the Sutlej River has drastically altered it, transforming the trans-Himalayan river into a mere rivulet and disrupting the entire ecosystem. He made these comments on Friday at the launch of a book titled "Climate Change: The Policy, Law and Practice" by lawyer Jatinder (Jay) Cheema. Justice Karol also emphasized the severe impacts of climate change on the country's agriculture sector.
Vegetable prices are skyrocketing, leading restaurants to consider hiking menu prices and abandoning discounts, ultimately burdening diners with higher costs for dining out. The unprecedented price surge has impacted bottom lines of eateries, forcing some to adjust portions or even discontinue certain items. Larger establishments are extending support to vendors facing challenges due to rising costs, while smaller joints are exploring cost-saving measures like automation.
Union Budget 2024 Tax: The eagerly awaited Union Budget 2024 in India brings focus to refining the faceless assessment scheme, crucial for taxpayers and corporates. Despite challenges faced in implementation, such as unwarranted additions and arbitrary disallowances, the scheme aims to streamline tax assessments. Reforms and corrective actions are needed for a more effective and fair tax system, fostering business growth and economic development.
Taiwan's defence ministry is closely monitoring missile tests in China's Inner Mongolia region. Air defence forces are on alert as tensions remain high between Taiwan and China. President Lai Ching-te's calls for talks with China have been rejected, escalating military pressure from Beijing.
Equity Savings Fund saw an inflow of Rs 1,002 crore in June against an inflow of Rs 849 crore in May.
An orange alert has also been issued for Thane, Palghar, Raigad, Ratnagiri, and Sindhudurg districts in Maharashtra's Konkan region.
The lull in the IPO market may only last for a while as 55 companies are gearing up to raise a whopping Rs 68,000 crore through initial share sales in the next few months, according to analysts.
Paytm parent One 97 Communications has reported that domestic investors and mutual funds have upped their holding in the company, in the first quarter of FY25. Retail investors grew their stake by 1.3% in the quarter, while mutual funds upped their holding by 0.65%.
Paytm parent One 97 Communications has reported that domestic investors and mutual funds have upped their holding in the company, in the first quarter of FY25. Retail investors grew their stake by 1.3% in the quarter, while mutual funds upped their holding by 0.65%.
President Joe Biden signed "The Resolve Tibet Act," urging China to peacefully resolve its occupation of Tibet through dialogue with the Dalai Lama or his representatives. The Act aims to address China's repression of Tibetan people's rights and promote a negotiated settlement based on international law. It empowers Tibetans to counter Chinese disinformation and calls for genuine autonomy and self-determination for Tibet. The US and Tibetan organisations welcomed the law.
US President Joe Biden returned to the campaign trail on Friday in Michigan, seeking to reassure voters and Democrats about his ability to serve, following calls for him to step down after a major news conference. "We've got to finish the job. And I promise you I am OK," the 81-year-old president told supporters at a diner in Northville, Michigan, a crucial state he needs to win in the upcoming election against Donald Trump.
After a minor correction due to fears that changes in stocks which will be accepted collaterals, markets are once again on roll. This time the upward movement has been led by IT stock. When it comes to nifty and sensex, it is dominated by IT and financial services. So as the financial services stocks take a breather, a sectoral turn is taking place and the nifty is moving upward. Now because IT stocks have come into focus after a gap of two years, it needs to be watched how much they are able to push the market. Читать дальше...
