A BJP MLA in Madhya Pradesh has called for all shopkeepers to display their names outside their shops, following controversy over a similar order in Uttar Pradesh. Ramesh Mendola, the MLA, believes a person's name is their identity and customers have the right to know it. He has written to the Chief Minister urging the government to make this mandatory in Madhya Pradesh. This demand comes in the wake of an order in Uttar Pradesh requiring eateries along the Kanwar Yatra route to display owners' names... Читать дальше...
The Delhi High Court has directed the chief secretary to expedite a Rs 387 crore sanction for hybrid hearings across 691 subordinate courts. The court mandated a comprehensive tender for the project and allowed two pilot courts per court complex to test the system before full implementation.
Bharat Petroleum Corp, India's third-largest refiner, anticipates Middle Eastern crude producers to reduce official selling prices due to declining fuel margins. Global refiners face lower profitability with decreased fuel cracks. BPCL's net profit for the quarter ending June 30 dropped 71% year-on-year. The company processes 700,000 barrels per day and sells 52.5 million metric tons of refined fuel annually.
Chirag Paswan flagged concerns about the UCC and said he cannot take a position unless a draft on it is placed before him. He, however, asserted that his Lok Janshakti Party (Ram Vilas) strongly supports the concept of simultaneous polls.
ONGC Videsh will acquire Equinor's 0.615% stake in ACG oil field and 0.737% in BTC pipeline for $60 million, adding to its 2.31% ACG and 2.36% BTC holdings. SOCAR buys Equinor’s remaining assets. BP, ExxonMobil, Japanese firms are partners. BTC links Caspian's Sangachal terminal to Ceyhan terminal. ACG extended till 2049. OVL in 32 projects producing 200,000 barrels daily.
Union Minister for Commerce and Industry Piyush Goyal encouraged the Indian business community to invest in India. He emphasised the country's history of never defaulting and its immense growth potential, with NRI deposits seeing a $3 billion inflow in just two months. Goyal highlighted the strong India-US relations, opportunities for collaboration in areas like semiconductors and responsible AI. He also spoke about the government's significant allocation of over Rs 10,300 crore for the IndiaAI Mission... Читать дальше...
Nifty drops 270 points due to global selloff and US-China tensions. Market cautious ahead of Union Budget and earnings season. Expert analysis suggests limited upside for Sensex and Nifty. Bank Nifty consolidating with potential trending move. Focus on defensive sectors amid upcoming volatility.
The money-laundering investigation stems from a CBI FIR filed against the accused, who were charged with committing "fraud" by siphoning off and diverting funds, criminal misappropriation, criminal breach of trust and cheating, and causing wrongful loss of more than Rs 1,392.86 crore to a consortium of banks led by the Canara Bank.
Sawan Somwar 2024: The sacred month of Shravan begins on July 22, 2024, and concludes on August 19, 2024. This period holds immense religious importance as devotees worship Lord Shiva and Goddess Parvati with sincere devotion. The Mondays during this month, known as Sawan Somwar, are particularly significant.
HDFC Bank today reported a strong growth in its standalone net profit at Rs 16,175 crore for the quarter ended June 30, 2024, up 35% over Rs 11,952 crore from the year ago period. However, it was down by 2% sequentially versus Rs 16,512 crore reported in Q4FY24.
Coalition politics often requires a delicate balancing act, with the government catering to diverse interests. This could lead to a more populist Budget aimed at appealing to a wider range of voters. However, considering the Modi government's history of implementing bold reforms, we might see a mixed approach that combines populist measures with continued reform initiatives.
Shiv Sena (UBT) chief Uddhav Thackeray on Saturday pledged to scrap the Dharavi slum redevelopment project tender awarded to industrialist Gautam Adani's firm if his party gains power in Maharashtra. He emphasized the commitment to uprooting any disturbances affecting residents and businesses in Dharavi, promising that locals must be provided with 500 square feet houses in the same locality.
Budget 2024: The Confederation of Real Estate Developers' Associations of India (CREDAI) has appealed to the government to introduce strategic measures in the upcoming Union Budget for 2014-25 to support affordable housing, direct taxation, and financial incentives for homebuyers. CREDAI is calling for a revision of the affordable housing threshold, which has been fixed at Rs 45 lakhs since 2017, despite a 24% increase in housing prices in India since June 2018, as per data from the National Housing Bank.
Following the murder of Jitan Sahni, father of Vikasheel Insaan Party founder Mukesh Sahni in Bihar, the INDIA bloc protested against the state's law and order situation. The Bharatiya Janata Party responded by urging the RJD cadre to introspect and claimed that PM Modi and CM Nitish Kumar do not shield criminals. Bihar Deputy Chief Minister Vijay Kumar Sinha defended the government's actions, stating that law and order have improved under Nitish Kumar's leadership.
Fixed deposit: Senior citizens (individuals aged above 60 years) can invest in FDs maturing in five years. There are private banks who offers up to 8% interest to senior citizens on FDs of five year tenure. Read below to get the full list of the top private banks offering good interest rates on FD.
Aidala stated that Weinstein is "suffering tremendously" and emphasized the urgency of an earlier trial date, originally requesting September. The original trial in February 2020 saw Weinstein convicted of criminal sexual assault in the first degree and rape in the third degree, based on the testimonies of Miriam Haley and Jessica Mann, respectively.
Odisha faced heavy rainfall on Saturday as a depression over the Bay of Bengal hit near Chilika Lake, prompting evacuations in Malkangiri district. The India Meteorological Department warned of more rain over the next five days, with some areas already experiencing significant flooding. The depression, moving west-northwestwards, is expected to weaken by Sunday morning. Authorities are closely monitoring the situation and have taken necessary steps to ensure public safety.
Kotak Mahindra Bank’s profit surged nearly 80% in Q1 FY25, bolstered by its sale of a 70% stake in Kotak General Insurance to Zurich Insurance Group. Consolidated PAT rose to Rs 7,448 crore, while standalone PAT increased to Rs 6,250 crore.
A worldwide tech outage caused by a cybersecurity firm's software update has led to possible business interruption claims across various industries. Insurers are preparing for a surge in notifications, with experts highlighting limitations in coverage. The event may result in significant economic losses and legal implications for the involved companies.
Budget 2024 expectations: Option to choose tax regime every year while filing income tax return, reduction of income tax rate, simplification of TDS — here are the key things small and medium businesses in India want from Budget 2024.
The Employees' Provident Fund Officers' Association has urgently requested the Union Labour Minister's intervention to address severe deficiencies in the EPF information technology infrastructure. The EPFOA highlighted persistent issues with software instability, frequent outages, and system failures affecting service delivery. They emphasized the need for immediate action to overhaul the EPFO application software for enhanced operational efficiency.
Kotak Mahindra Bank reported an 81% surge in its standalone net profit of Rs 6,250 crore for the quarter ended June 30, 2024, beating Street's estimates of Rs 3,682 crore.
When investing on the basis of what is going to come in the budget, beware of one thing: a sector which requires constant government support has some issue because of which it is being provided support by the government in one way or the other. But there is another side: if the support is provided till the time it is required and then the sector sees a turnaround, then, when it sees a turnaround, it's more sustained because the government support changes the whole ecosystem. Now because a major change in policy stance comes in the budget... Читать дальше...
