The Indian Ministry of External Affairs (MEA) is working to ensure the safe return of Indian citizens from Bangladesh amidst escalating protests over the government's job quota system. Collaborating with local authorities and various agencies, the MEA has successfully repatriated around 1,000 Indian students. The protests, primarily led by university students, have led to violent clashes, prompting the Bangladeshi government to impose a curfew and deploy military forces to restore order.
Assam Chief Minister raises concerns about Bangladeshi infiltration in Jharkhand, highlighting potential demographic shifts. He criticizes the current government's handling of cultural events and job promises. BJP expresses confidence in winning upcoming elections based on past electoral performance.
Air India has promised full fare refunds and future travel vouchers to passengers after a 30-hour delay on a flight to San Francisco. The airline apologised for the inconvenience and cited safety concerns that led to a precautionary landing in Russia. The flight, originally AI-183, eventually arrived in San Francisco as AI 1179 after being diverted. Passengers were provided with assistance at Krasnoyarsk International Airport.
Budget 2024: The 2024 Union Budget boosts financial inclusion for 290 million women through PMJDY, Naari Shakti, and Digital Public Infrastructure. Key initiatives include empowering women agents, financial training, MSME loans, climate-linked microinsurance, Jan Samriddhi, public-private partnerships, insurance for all by 2047, and women Bima Vahaks. RBI’s Financial Inclusion Index rise indicates improved access.
JK Cement Ltd's Q1 FY25 net profit rose 67% to Rs 184.82 crore from Rs 110.73 crore a year ago. Revenue from operations climbed 1.62% to Rs 2,807.57 crore, while total income hit Rs 2,852.31 crore. Total expenses held steady at Rs 2,579.14 crore in the June 2024 quarter.
Pearl Global Industries raised Rs 149.50 crore via QIP from investors like HDFC, HSBC, ICICI Prudential, and Goldman Sachs Fund. They issued 20,45,143 shares at Rs 731.00 each, totaling 45,642,367 shares. Funds will support debt repayment, working capital, sustainable products, ESG initiatives, and growth. PGIL operates facilities in India and four other countries.
Kerala Finance Minister K N Balagopal highlighted the state's increased development and welfare expenditure despite financial challenges imposed by the Centre. He emphasized the state's significant spending on various initiatives, including pay revisions and social welfare pensions, and called for support in the upcoming Union Budget.
Private sector lender RBL Bank on Saturday reported a 29 per cent jump in net profit to Rs 372 crore for the June quarter. The bank's core net interest income grew 20 per cent to 1,700 crore on the back of a 19 per cent rise in advances. Its net interest margin was 5.67 per cent.
A global outage of Microsoft Systems on Friday caused disruptions in financial markets worldwide. While most AMCs, mutual funds, and brokerages functioned without major impact, some reported temporary disruptions. Edelweiss Mutual Fund faced login issues, along with other brokerages. London Stock Exchange's Workspace platform also experienced outage.
Union Budget Infrastructure: The upcoming Union Budget is eagerly anticipated as India aims for economic growth, with a focus on infrastructure development. Key expectations include increased capex for infrastructure, emphasis on green hydrogen hubs at ports, incentives for eco-friendly ships, and expansion of the inland cruise industry. Additionally, stakeholders are looking for tax deductions for research & development in railways, development of Maintenance, Repair, and Overhaul (MRO) facilities in aviation... Читать дальше...
Abhishek Nayar and Ryan ten Doeschate will join head coach Gautam Gambhir's support staff for India's white ball tour to Sri Lanka starting July 27. Nayar, a former Indian cricketer and lifestyle coach, and Doeschate, a Dutch all-rounder currently with LA Knight Riders, have previously worked with Gambhir. T Dilip will continue as fielding coach, while Morne Morkel is the leading candidate for bowling coach. The Indian team departs for Colombo on July 22.
Karnataka government schools will provide eggs six days a week through an MoU with Azim Premji Foundation. CM Siddaramaiah praised this mental health initiative. The MoU includes primary and secondary education departments, targeting 55 lakh students (Grade 1 to 10). The foundation ensures quality and equity in public education and highlights nutritional benefits, including proteins and minerals.
The 2024 Union Budget focuses on transformative reforms for startups to enhance ease of doing business and attract foreign investments. Proposed amendments to the Income Tax Act aim to accelerate startup growth and innovation. Key areas of reform include Angel Tax, exemptions for genuine transactions, extending benefits to the service sector, and enhancing tax policies for ESOPs. These changes are crucial for fostering a dynamic and resilient business environment in India.
Kotak Mahindra Bank's first-quarter FY25 financial report shows a remarkable performance, with a PAT of Rs 6,250 crore, an 81% increase YoY, largely due to divesting its stake in Kotak General Insurance. Excluding this gain, PAT stands at Rs 3,520 crore. NII rose to Rs 6,842 crore, NIM at 5.02%, and fees income up by 23% YoY. Customer base, assets, and deposits all showed significant growth, with improved asset quality.
Budget 2024: India aims to become the third-largest economy by 2030 and a developed nation by 2047 under its Viksit Bharat vision. However, unemployment remains a significant issue despite an 8.2% growth in FY24 and an average growth of 8% over the past three years. An ET Online survey of nearly 9,500 Economic Times readers revealed that over 50% see unemployment as the top challenge for the Indian economy.
The Delhi chief minister, who is also the AAP national convenor, is currently in judicial custody in an excise policy-related case. The AAP has promised free electricity for the domestic category, opening of mohalla clinics and free medical treatment, free education, Rs 1,000 per month for every woman in Haryana and employment for youngsters.
Experts in the healthcare sector are advocating for increased government spending, improved infrastructure, and enhanced innovation to strengthen India's healthcare system before the budget. They stress the importance of addressing health threats, achieving universal coverage, and professionalizing public health institutes. Recommendations include restructuring schemes, boosting domestic manufacturing, and increasing healthcare spending to 2.5% of GDP to enhance accessibility and affordability.
Millions were distressed by a global technology blackout on Friday. Hospitals postponed non-urgent surgeries, and 911 services failed in various states. Yet, the chaos was a welcome surprise for a few corporate employees: a mid-July 'snow day'. Some shared photos of their screens with captions like "happy international blue screen day", the error messages that overtook screens during the outage.
Mumbai faces a tragic incident as a residential building partially collapses in Grant Road due to heavy monsoon rains. One fatality and 13 injuries reported. Meanwhile, Tulsi Lake overflows. The monsoon season continues to impact public transport and daily life in Mumbai.
Red Panda in India: Where to see red panda in India? Can you pet a red panda in India?
A five-member team of senior railway officials investigating the Chandigarh-Dibrugarh Express derailment blamed improper rail track fastening for the accident. Disagreements arose within the panel, with one member questioning the findings. The report highlighted a lack of proper protection measures at the defective site. The loco pilot's actions during the incident were also detailed.
It is expressed as a percentage and provides investors with a measure of the income they can expect from their investment in the stock, independent of any capital gains.
Union Home Minister Amit Shah claimed rampant infiltration is shrinking Jharkhand's tribal population and pledged a 'White Paper' on demography if BJP wins state elections. He accused CM Hemant Soren of supporting "Love Jihad" and "Land-Jihad." Shah also criticized the INDIA bloc and Congress for corruption and arrogance despite electoral losses.
