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India and Korea are set to hold the next round of negotiations to upgrade their existing Comprehensive Economic Partnership Agreement (CEPA) from July 17-19. The talks aim to strengthen economic cooperation between the two countries by addressing issues related to implementation, rules of origin, customs procedures, and data sharing. India has also raised concerns about the growing trade deficit between the two countries, with exports to Korea dropping to USD 6.41 billion in 2023-24 and imports standing... Читать дальше...
The Uttar Pradesh Congress celebrated a significant victory in the recent by-elections, winning 11 out of 13 legislative assembly seats across seven states. On Sunday, youth leader Nitant Singh Nitin displayed a poster at the UP Congress headquarters, highlighting the success of the INDIA Alliance.
Six large-cap mutual funds have grown a lumpsum investment of Rs 5 lakh to Rs 1 crore over the past 20 years. Approximately 11 large-cap funds have been in the market for two decades.
The attempted assassination of Donald Trump at a rally in Pennsylvania underscores growing concerns about inflammatory political rhetoric leading to violence. This follows recent incidents like the attack on Nancy Pelosi's husband. Analysts point to extreme discourse as a potential trigger for such acts. While political figures blame each other, experts warn of the dangers posed by escalating tensions and call for unity in condemning violence against public officials.
Union Budget 2024: The All India Federation of Tax Practitioners (AIFTP) has called for a 10% exemption limit on personal income tax in the upcoming Union budget. The tax structure should be simplified to ease compliance. The AIFTP president also suggested eliminating the surcharge and cess, arguing that the government's failure to explain how the education cess is used is unjustified.
Mumbai local train services faced disruptions due to a technical failure at Borivali station, but were restored by 9:05 AM. A Mega Block in Central Railway's Mumbai Division on July 14, 2024, will affect the 5th and 6th lines between Thane and Diva. Heavy rainfall over the weekend caused severe waterlogging and traffic jams, prompting the IMD to issue an orange alert.
The revered Ratna Bhandar treasury of the 12th-century Jagannath temple in Puri was reopened after 46 years for inventory and repairs. A committee entered the temple, amid political significance from recent elections, fulfilling a promise by the BJP. The treasury was opened at an auspicious moment, with key officials present, valuables to be moved to a temporary strong room, and a digital catalogue to be prepared.
Bitcoin rose as much as 2.7% to $60,160.71 as of 1:05 a.m. in New York. The most-traded crypto token had stabilized in recent days on optimism that ETFs from titans including BlackRock Inc. and Fidelity Investments offer the type of bedrock demand that can temper price swings.
TCS, CDSL, Amara Raja, and several other companies are expected to be in focus this week as they approach their record dates for dividends, bonus issues, and stock splits. The record date, set by companies, determines which shareholders are eligible to receive benefits such as buybacks, bonus issues, or stock splits.
Floodwaters have entered hundreds of houses in 18 panchayats in Muzaffarpur district of Bihar, causing significant distress for lakhs of people. The water has also risen on both sides of the Pipapul, disrupting the education of hundreds of children. Over hundreds of houses have been affected in Barri and Basghatta Panchayats. Rapid land erosion is occurring on the old embankment of the West Bagmati River.
IndianOil, India's leading oil firm, commenced the production of high-octane fuel for racing cars and dispatched its first batch. The Paradip refinery in Odisha is now producing STORM-X, a specialized petrol designed for motorsport.
Almost $1 trillion of debt linked to commercial real estate will mature this year in the US, according to the Mortgage Bankers Association, and rising defaults as borrowers fail to repay will create more options for buyers of distressed assets.
Automobile exports from India rose 15.5 per cent year-on-year in the June quarter, with all verticals, except three-wheelers, recording growth, according to the latest SIAM data. The overall shipments reached 11,92,577 units in the first quarter of the current fiscal year compared to 10,32,449 units in the same period last fiscal.
The Mines Ministry has instructed the Jharkhand government to sell 10 mineral blocks, including a gold mine, warning of potential federal auction if the state fails to comply. it cited exploration levels of G2 and G3. These blocks encompass a copper mine, limestone mine, and graphite mine. The Centre's 2021 mining rule amendment empowers it to sell blocks if states do not conduct auctions within agreed timelines. Jharkhand is currently behind in this regard.
Sanstar's IPO is scheduled to open for subscription on July 19 with a price band of Rs 90-95 per share. The company aims to raise Rs 510.15 crore through a combination of fresh issue and offer for sale.
The 30-share BSE Sensex jumped 622 points, or 0.78 per cent, to settle at a record closing level of 80,519.34 on Friday. During the day, it zoomed 996.17 points, or 1.24 per cent, to hit an all-time high of 80,893.51.
Trump Shooting Attempt: The FBI is investigating the assassination attempt on former President Trump in Pennsylvania. A 20-year-old suspect has been identified. Trump was injured but is stable. The motive of the shooter remains unknown.
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Mercedes-Benz is considering assembling more electric vehicles at its plant in India. This move aims not only to reduce costs but also to advance the company’s goals of zero emission mobility and a carbon neutral setup. Mercedes-Benz India already assembles its flagship electric luxury sedan EQS at the Chakan unit and is evaluating the localisation of other models based on demand.
Former President Donald Trump has been using the raised fist gesture for decades, including during his indictment in April 2023 and during a campaign stop in Detroit. The gesture has been associated with various groups, including fascists, socialists, communists, Black Power advocates, and golfer Tiger Woods. In the early 20th century, it was associated with socialism, communism, and labor unions. In the 1960s, it became associated with the Black Power movement, and after the 2014 protests in Ferguson and the 2020 murder of George Floyd... Читать дальше...
The 'Hamara Samvidhan Hamara Samman' campaign's second regional event will be held on July 16, 2024, in Prayagraj, marking the Constitution's 75th anniversary. It is a part of the DISHA scheme by the Department of Justice. Recognising pro bono advocates and launching a citizen portal, the event aims to promote legal awareness and citizen engagement. Notable attendees include the Minister of State for Law and Justice and the Chief Justice of the High Court of Allahabad.
Indian market broke out of the range to hit fresh record highs on Friday. The S&P BSE Sensex rallied more than 600 points while Nifty50 closed with gains of 186 points.
RMS Titanic Inc., the company with salvage rights to the Titanic, is embarking on its first expedition to the wreck since 2010, following a recent submersible disaster. The mission, launched from Rhode Island, aims to use modern technology for detailed imaging. The voyage holds special significance after the passing of "Mr. Titanic," Paul-Henri Nargeolet. The expedition seeks to document the wreck site in unprecedented detail and assess artifacts for future recovery.
