Chief Minister Siddaramaiah has put the jobs bill for local Kannadigas in private companies on hold due to backlash from the tech industry and industry body NASSCOM. The bill, which mandates 50-75% of management and below-level jobs for locals, has been criticized by industry leaders as a "short-sighted" and "fascist" move that could hurt Karnataka's image as an investor-friendly state.
Xiaomi led the market with an 18% share and 6.7 million units shipped, reclaiming the top position after six quarters. The global tech market analyst firm said Xiaomi shipped 6.7 million units to regain its pole position after six quarters. Meanwhile, inventory levels ruled high, it added.
NHAI doubles toll for non-FASTag vehicles, causing delays in toll lanes. SOPs mandate capturing Vehicle Registration Numbers via CCTV. FASTag usage, under Highway Fee Rules 2008, is 98%, covering 8 crore users. Non-compliant vehicles face blacklisting. Issuer banks must fix FASTag at POS. This initiative spans 1,000 toll plazas across 30,000 km of National Highways.
NHAI doubles toll for non-FASTag vehicles, causing delays in toll lanes. SOPs mandate capturing Vehicle Registration Numbers via CCTV. FASTag usage, under Highway Fee Rules 2008, is 98%, covering 8 crore users. Non-compliant vehicles face blacklisting. Issuer banks must fix FASTag at POS. This initiative spans 1,000 toll plazas across 30,000 km of National Highways.
The Union Budget may double MUDRA Yojana limits, expand MSME credit guarantees, global sales support, and home loan tax exemptions. Ayushman Bharat expansion, ESOP relief, pharma R&D, IPR funding, and lower import duties for durables expected. InsurTech tax reforms, public healthcare, GST structure for food manufacturing, and road safety boosts are anticipated.
India and Malaysia plan to enhance cooperation in oil palm and agriculture sectors. Discussions include the National Mission on Edible Oil, market access issues, institutionalization of agriculture cooperation, and digital technology in plantations.
Indigenous tribes of the Mashco-Piro are nomadic hunter-gatherers in nature and they live in the remote areas of dense Amazon rainforest. They hit the headlines recently when they were spotted on the bank of the Las Piedras River in Peru. Human rights group Survival International has been working to protect their rights and identity.
Netflix, which has received more than 100 Emmy nominations this year, will release a number of prominent Originals, series, movies in August.
Jai Balaji Industries expects 25% revenue growth driven by ductile pipes and ferro-alloys. Operating margins at 15%, profitability 17-18%. Aiming for 15-20% market share, Rs 300-350 crore capex for full year 2023-24 revenue of Rs 6,413.80 crore. Targeting 80% revenue from value-added products and 660,000 tonne pipe capacity by 2026. Debt reduction planned.
Russia has indicated it may deploy nuclear missiles in response to planned U.S. positioning of long-range conventional weapons in Germany. Deputy Foreign Minister Sergei Ryabkov stated that Russia is considering various options, including defending its Kaliningrad region, situated between NATO members Poland and Lithuania. This follows the U.S.'s announcement to deploy SM-6, Tomahawk, and hypersonic missiles in Germany from 2026, aimed at bolstering NATO and European defense. The move underscores heightened tensions... Читать дальше...
Manchester City has come down the ladder in terms of football club brand value, with a very popular La Liga club overtaking them in the Brand Finance Football 50 list that assorts football clubs with the most value and strength of their respective brand. Here's more about the clubs who are there in the list.
Gujarat Chief Minister Bhupendra Patel has launched a scheme to provide temporary accommodation to 15,000 construction workers at a nominal rate of Rs 5 per day. The 'Shramik Basera' scheme will benefit 15,000 workers once the facilities are ready. Over the next three years, more dwelling centers will be built across Gujarat for about 3 lakh construction workers.
Zydus Lifesciences Ltd has been classified as "official action indicated" by the US Food and Drug Administration (FDA) for its Jarod injectables manufacturing facility in Gujarat. The FDA's inspection, conducted between April 15 and 23, 2024, suggests the facility may withhold approval for pending product applications or supplements until outstanding observations are resolved.
The Election Commission of India (ECI) has permitted Shiv Sena (UBT) to accept voluntary contributions from individuals and companies, excluding government entities. This decision aligns with the Representation of People Act, 1951, which regulates political party donations. The party can now receive unlimited contributions, potentially boosting its financial resources ahead of upcoming elections.
Republicans at the RNC convention show solidarity by wearing white ear patches similar to Trump's bandage after an assassination attempt on the former US President was foiled. While some Republicans wore small pieces of paper, some were seen with a completely covered ear and the words "fight, fight, fight" written over the white material.
The Central Bureau of Investigation (CBI) detained four AIIMS Patna students in connection with the NEET-UG question paper leak. The CBI searched their rooms, confiscated electronic devices, and questioned the students. AIIMS Patna Director Dr. G K Paul confirmed the detentions. The investigation revealed a broader interstate conspiracy, with 14 arrests so far. Six FIRs have been filed, including cases from Gujarat, Rajasthan, and Maharashtra. NEET-UG, held on May 5, 2024, is an entrance exam for medical courses... Читать дальше...
India aims for $100 billion trade with Russia by 2030 via exports, local currency trading, and Eurasian FTA. FY24 trade reached $65.7 billion, with $4.3 billion exports and 88% oil imports; import surge 8300% and 59% export growth due to discounted oil. Export strategy and currency exchange are crucial. INSTC reduces costs. Ajay Srivastava notes US bans SWIFT.
Sequentially, Tata Technologies' net profit rose 3.04% from Rs 157.24 crore in the preceding quarter ending March 2024. Revenue from operations for the quarter stood at Rs 1,269 crore, up 0.9% on-year basis but down 2.5% sequentially.
Panasonic Avionics, a global leader in inflight engagement and connectivity, has opened its first software design and development centre in India. The company sees an opportunity to have more facilities in India due to its fast-growing market, where Air India and IndiGo are expanding their fleets and Air India is refurbishing its old aircraft. Demand will come mainly from newer customers, with a massive opportunity in segments such as refurbished aircraft.
Kerala Chief Minister Pinarayi Vijayan announced stringent actions against the use of banned plastic products following the drowning of a sanitation worker in a waste-filled canal. During an online meeting, attended by various ministers and officials, it was decided to implement measures under the Disaster Management Act to improve waste collection. Plans include canceling registrations of vehicles dumping waste, installing AI cameras to catch litterers, and repairing canal fencing. The Railways... Читать дальше...
