India had started negotiations for a trade pact with the EU in 2007, but the talks stalled in 2013 as both sides failed to reach an agreement on key issues, including customs duties on automobiles and spirits and the movement of professionals.
Celebrities like Sachin Tendulkar and David Beckham graced Wimbledon 2024, seen in the prestigious royal box. Notable attendees included Princess Catherine, Tom Cruise, and Benedict Cumberbatch with Julia Roberts, adding star power to the tournament's electrifying atmosphere.
As India prepares for Budget 2024, the spotlight is on Production-Linked Incentive (PLI) schemes, crucial for revitalizing manufacturing and strengthening supply chains. The government has raised the PLI allocation to ₹6,200 crore, signaling a 33% increase, underscoring its commitment to economic growth and job creation. Since 2021, PLI has attracted over ₹1.03 lakh crore in investments, generating 6.78 lakh jobs, with sectors like electronics and pharmaceuticals leading exports beyond ₹3.20 lakh crore.
India is intensifying efforts to increase exports to Russia following Prime Minister Narendra Modi's recent visit to Moscow. Despite a surge in Russian exports to India, reaching $61.43 billion out of a total $65.7 billion trade last fiscal year, Indian exports like pharmaceuticals and machinery have seen minimal growth. New Delhi seeks to address non-tariff barriers on exports and promote rupee-rouble trade, despite challenges such as Russia's preference for more widely used currencies.
The Nifty Realty index closed 1.34 per cent up at 1107.9.
This new system aims to expedite the insurance claims process and make it more transparent, with real-time access to claims settlement status by the Insurance Regulatory Development Authority of India (IRDAI). Citizens will also be able to monitor their insurance claim status through their mobile devices.
The government aims to bring 25% of the kharif paddy area under climate-resilient seeds to combat climate change's impact. Currently, paddy is cultivated on over 410 lakh hectares. ICAR Director General Himanshu Pathak noted that while 75% of wheat uses resilient seeds, only 16% of paddy does. The goal is to increase this to 25% this season to protect rice production from erratic rainfall and climate change.
West bengal hidden places: Unearth the archaeological wonders of Chandraketugarh, an ancient city believed to be a part of the Maurya Empire.
BUDGET 2024 EXPECTATIONS: Ahead of the upcoming Budget, Finance Minister Nirmala Sitharaman, presenting for the seventh time, may introduce measures to strengthen India's manufacturing sector and improve delivery routes. Key initiatives like Make in India, Production Linked Incentives, and National Logistics Policy are already boosting India’s global supply chain role.
The NSE Nifty index closed 84.55 points up at 24586.7
Amazon India today launched deals and new launches for Prime Day 2024 event to take place on July 20 and 21.
Apple's shares rose 2% after Morgan Stanley raised its price target, touting Apple Intelligence as a key driver for increased device sales. With a market value of $3.6 trillion, Apple is poised for significant growth in iPhone shipments. Industry experts predict a recovery in the global smartphone market led by Apple and Samsung.
Goldman Sachs' profit more than doubled in the second quarter, bolstered by higher fees from debt underwriting and a strong performance in its fixed-income trading business.
KGF Congress MLA Roopakala Shashidhar was the first legislator to be recorded by the cameras on arrival at the Assembly for the monsoon session, which began today as the new system became operational. The first MLA to be captured exiting was Tiptur's Shadakshari of Congress. Speaker U T Khader noted that there is a practice of recognising MLAs who come early to the Assembly before the quorum bells are rung and their names are read out in appreciation by the Chair.
Union Minister Nirmala Sitharaman is going to present the Budget 2024 on July 23.
The five-meter spade-toothed whale found on Otago beach, South Island, New Zealand, provides rare scientific research opportunities. Awaiting DNA confirmation, it offers insights into habitat and diet. Stored in collaboration with Māori iwi, it's the first specimen for study. Marine adviser Hannah Hendriks and researcher Kirsten Young note the discovery.
Will the ITR filing deadline be extended? Various associations of chartered accountants have contacted the tax department to highlight the challenges faced by taxpayers and professionals when using the e-filing ITR portal.
LTIMindtree, Asian Paints, Grasim Inds., Tata Steel and Axis Bank were among the top losers on NSE in today's trade.
Late gangster-turned-politician Mukhtar Ansari's son alleged before the Supreme Court that Ansari was poisoned and denied medical treatment, leading to his death in custody. The bench, hearing the plea for Ansari's safety, noted the petitioner's claims and allowed four weeks for Uttar Pradesh to respond. Ansari died of cardiac arrest on March 28.
Chandipura virus is a rare and dangerous pathogen known to cause fever, flu-like symptoms, and acute encephalitis (brain inflammation). It is transmitted primarily through mosquitoes, ticks, and sandflies.
The CBI has launched an investigation into the Chhattisgarh Public Service Commission scam, where family members and relatives of former chairman, officials, and politicians were appointed to district collectorate and Deputy SP positions during 2020-22. The agency has registered an FIR against then CGPSC chairperson Taman Singh Sonwani, Secretary J K Dhruv, and others for alleged nepotism and pushing ineligible candidates in the merit list.
The Nifty Bank index closed 0.34 per cent up at 52455.9.
Swami Avimukteshwaranand Saraswati, the Shankaracharya of the Jyotish Peeth in Uttarakhand, met Shiv Sena (UBT) leader Uddhav Thackeray on Monday, expressing sympathy for Thackeray's betrayal and suggesting that Maharashtra's pain will persist until he becomes chief minister again. The seer criticized the betrayal as a sin and questioned the recent foundation stone laying of a Kedarnath temple in Delhi by Uttarakhand's chief minister.
The Republican convention, designed to project a softer image and focus on Trump's agenda, shifted dramatically after a shooting shook American politics. Amid heightened anxiety and calls for calm, the GOP remains undeterred in its convention plans, featuring over 100 speakers emphasizing everyday issues and Trump's policies.
The banking index needs a breakout above 52,500 levels to head towards 53,000, suggested experts. SBI, Bandhan Bank, PNB, and Bank of Baroda were among top gainers while ICICI Bank, Federal Bank, AU Small Finance Bank, and Axis Bank saw selling pressure.
