The largest fund house completely exited IREDA, Shipping Corporation of India Land & Assets, and Swaraj Engines.
Gareth Southgate resigned as England manager on Tuesday after their Euro 2024 final loss to Spain. Southgate, who took over in 2016, led England to three semi-finals and two finals in four tournaments. "It's time for change, and for a new chapter," the 53-year-old said in a statement.
Cummins' GCC in Balewadi, Pune, uses AI, ML, and RPA, with 55% women to promote gender diversity. The staff includes engineers, product owners, and tech leads. Vishwanathan and Newsome highlight its role in IT transformation and collaboration. Internships are available for veterans, special needs individuals, and women returning from maternity leave, located at Cummins' India office campus.
The 30-share BSE Sensex closed up 51.69 points at 80716.55
New SBI special FD: The State Bank of India (SBI) has launched a new term limited period deposit scheme known as "Amrit Vrishti", an FD scheme offering higher interest rates and catering to both domestic and non-resident Indian customers.
The beauty and wellness sector is experiencing significant growth, with innovative hiring methods being adopted by companies. Government skilling programs are playing a key role in shaping the workforce. Opportunities are expected to expand, with a focus on skill-based hiring and industry development.
The terrorists' failed attempt forced them to ram an explosive-laden vehicle into the perimeter wall of the cantonment, leading to the collapse of a portion of the wall and damaging the adjoining infrastructure.
Union minister Jyotiraditya Scindia announced the telecom ministry's commitment to addressing industry issues with a detailed action plan and set timelines during discussions with major telecom operators, including top executives from Reliance Jio, Bharti Airtel, and Vodafone Idea. Six committees have been formed to tackle key sector challenges, with a focus on boosting India's communication industry to achieve self-reliance and global leadership.
Union Budget Tax Expectations: India’s adoption of OECD's Pillar 2, implementing a 15% GloBE tax rate for multinationals, may be announced. This could benefit MNEs through rules like Income Inclusion. Insights from Akhilesh Ranjan and MSKA highlight GIFT city implications. Abhishek Goenka notes UAE's 9% rate advantage. Provisions may enter India's Income-tax Act or involve stakeholder feedback. Effective compliance is key.
5 stocks from the Nifty50 index hit a new 52-week high.
The travel and tourism sector is experiencing significant growth post-pandemic, providing ample opportunities for mid-career professionals. Skills in data analytics, customer experience, and sustainability are in high demand. Upskilling in areas such as Excel, SQL, and destination knowledge can lead to a successful career transition. Freelance roles in hotel staff, tour guides, and marketing are also on the rise.
PwC plans to cut up to half its financial services auditing staff in China amid regulatory scrutiny and client departures. The firm, which employs at least 2,000 in this sector, faces a $138 million fine for its role in auditing China Evergrande Group. Cost-cutting measures include layoffs and mandatory leave.
India imported gold worth over US$ 46 billion in the last financial year. Most of the physical gold imported into the country is converted into jewelry. Gold jewelry is often bought at festivals or joyful occasions. While at the time of buying, no one thinks about selling or mortgaging it anytime in the future; however, with gold, there is always a comfort that, if needed, gold in any form can be converted into cash.
Mumbai Court sent hit-and-run suspect Mihir Shah to 14-day judicial custody after six-day police custody. Shah allegedly crashed his BMW, killing a woman and injuring her husband on June 7 in Worli. Shah was arrested after three days of absconding and admitted to being drunk. Father and driver also arrested and are in judicial custody. Rajesh Shah was removed from post in Shiv Sena (UBT) following incident.
Home delivery of alcohol may soon be a reality for people living in New Delhi, Karnataka, Haryana, Punjab, Tamil Nadu, Goa and Kerala
ICRIER economists and Ashok Gulati recommend Rs 35,000/ha to farmers shifting from paddy to pulses, oilseeds, aiming to prevent desertification in Punjab-Haryana. The funding is evenly split between state and Centre. Haryana offers Rs 17,500/ha; central ministers promise a five-year package. Proposals include Rs 30,000-40,000 incentives for 12-14 lakh hectares and addressing groundwater depletion during kharif season.
Realtors' body NAREDCO suggests raising the tax exemption on self-occupied property loan interest from Rs 2 lakh to Rs 5 lakh in the upcoming budget to boost housing demand amid rising prices and mortgage rates. Additionally, builders seek tax incentives to stimulate affordable home demand and supply, proposing various policy adjustments to support the real estate sector
The Congress has criticized the Modi government for its alleged detrimental impact on MSMEs over the past decade. Key issues highlighted include demonetization, GST challenges, and oligopolisation. The Congress has proposed measures such as NPA extension and GST 2.0 to support MSMEs. The Budget presentation is scheduled for July 23.
The rupee remained stable at 83.5825 against the U.S. dollar, supported by exporter sales amid weaker Asian currencies, including a 0.1% drop in the yuan.
India's ambitious goal to become a developed nation by 2047 relies heavily on a robust real estate sector. Contributing 7.3% to GDP, real estate drives job creation, supports allied industries, and boosts economic growth. Key policy measures in Union Budget 2024, such as tax rationalization and land utilization, are essential for sustained sectoral and national development.
The equity AUM of the US-based funds reached a record Rs 30.2 lakh crore ($361 billion), equivalent to 70% of the total equity value of India's domestic mutual funds.
Elon Musk announced that Tesla and xAI are hiring network engineers and technicians through a post on X. He previously criticized MBAs for losing sight of goals. Musk, the CEO of Tesla and xAI, owns X. xAI, aiming to "understand the true nature of the universe," secured $6 billion funding and introduced Grok, an AI chatbot competing with OpenAI's ChatGPT.
Google has been steadily expanding its cybersecurity offerings in recent years. Alphabet is in advanced talks to acquire Wiz, in an up to $23 billion deal that would be Google's most expensive acquisition and provide it with cybersecurity products that defend against ransomware gangs, a person familiar with the matter said on Sunday.
As global temperatures rise, melting ice sheets at Earth's poles are lengthening the planet's day at an unprecedented rate, a new study reveals. This phenomenon, driven by climate change-induced sea-level rise, alters Earth's shape and slows its rotation. Researchers warn that if emissions persist, the increase in day length could more than double by the century's end, underscoring the profound impact of climate change on planetary dynamics.
