Chief Economic Advisor anticipates increased private sector investment post-Covid. Economic Survey reveals growth in diverse sectors. Government's emphasis on capex boosts economic growth. Debate over seeking Chinese FDI amid trade tensions. India weighs options for 'China plus one strategy' to address trade deficit.
Suzlon Energy Q1 Results: The renewable energy company reported a record-breaking Q1FY25, with an 86% increase in EBITDA to ₹370 crore and the highest quarterly deliveries in seven years. The strong performance was driven by a record order book of 3.8 GW, the largest in the company's 29-year history.
Ayushman Bharat saved 1.25 lakh crore, covered 7.37 crore admissions, reduced NPA rates, per Economic Survey 2023-2024. Increased GHE, primary healthcare per NHA, improved health outcomes. 34.7 crore Ayushman Bharat cards generated, PM Jan Aushadhi Kendras offered market rate drugs. Ayushman Bhav Campaign provided tele consultations, free diagnostics, and medium-term health premiums projected to grow 9.7% annually in 2024-28.
Following Biden's exit, Democratic leaders quickly rally behind Kamala Harris, giving her a clear path to the nomination. Harris takes over Biden's campaign and secures endorsements. Speculation arises on her choice for running mate. Party unity strengthens as Harris vows to defeat Trump.
The politics over the Lok Sabha deputy Speaker in India have escalated, with Congress staking claim for the post and former NDA ally Yuvajana Sramika Rythu Congress Party (YSRCP) supporting the Opposition's demand. YSRCP Rajya Sabha MP V Vijay Sai Reddy stated that it has been five years since the post of deputy Speaker has not been filled, and ideally it should go to the Opposition.
The Gauhati High Court issued notices to BJP MP Kripanath Mallah, the EC, and the returning officer following a petition from defeated Congress candidate Hafiz Ahmed Rashid Choudhury. Allegations of electoral malpractices, including rigging and booth capturing, have been raised. Next hearing scheduled for August 19.
India's PE/VC investments reached USD 31.5 billion in H1 2024, up 8%. Deal volume rose to 654, with major deals totaling USD 22.6 billion. Notable investments include Brookfield's USD 2 billion and ADIA/KKR's in Reliance Retail Ventures. Exits increased 18% to USD 11 billion, according to IVCA and EY's report, a 30% rise over H2 2023.
According to Rupak De, Senior Technical Analyst at LKP Securities, the Nifty formed a small-bodied candle after a bearish engulfing pattern, hinting at a temporary pause in the market. The Relative Strength Index indicates a potential shift towards bearish sentiment. The 24,550 level is a crucial resistance, with a breakthrough potentially sparking a significant rally.
The Guwahati Jal Board plans to supply water to over 125,000 households by the end of the year in a phased rollout. Minister Singhal announced the replacement of the outdated municipal water supply system and incentives for low-income families to apply for connections.
US Vice President Kamala Harris on Monday hailed her boss's legacy as "unmatched in modern history," in her first remarks since Joe Biden dropped out of the 2024 presidential race and endorsed her candidacy. Biden's record is "unmatched in modern history," Harris said at an event at the White House.
Olympics 2024 schedule shows dates for Track and Field, Swimming, and Gymnastics events.
Justice Verma, Indore HC, supported UCC under Article 44, allowing Aliya and Farad Saiyyad's petition. He upheld Rajpur police jurisdiction per CrPC sections 177, 179, over Salma's dowry harassment case. Due to an incident in Ghatkopar, section 498-A IPC charges were confirmed. The court quashed section 4 of the Muslim Women Act, only applicable to husbands, as per petitioners' counsel.
The government is exploring the idea of setting up a fund to encourage new vehicle purchases and promote the scrapping of old vehicles. Challenges such as lack of implementation, awareness, and facilities are impeding the success of the vehicle scrappage program.
Indian benchmark equity indices closed marginally lower on Monday, dragged by Reliance Industries, and Kotak Bank. The S&P BSE Sensex closed 0.13% lower at 80,502, while the NSE Nifty50 index ended below the 24,550 level.
The Reserve Bank of India has approved Krishnan Venkat Subramanian as Managing Director & Chief Executive Officer of Federal Bank. Subramanian, who previously served as the Joint Managing Director of Kotak Mahindra Bank Limited, will start his three-year term on September 23, 2024.
On Monday, Gensol Engineering Ltd announced winning a bid for 116 MW (150 MWp) solar projects across 27 locations in Gujarat under Paschim Gujarat Vij Co. Ltd. Expected EPC revenue is Rs 600 crore. Operational in 12 months post-LoA, the projects aim for agricultural feeder solarisation.
52-week high indicates the peak value a stock has attained over the previous year, serving as a vital metric for traders and investors.
The Democratic National Convention 2024 will be held from August 19 to August 22. Kamala Harris is most likely to be nominated as the Democrat candidate. What about the vice president? Is Barack Obama eligible? Does the US Constitution allow a twice-elected president to be vice president?
Madhusudan Kela has over Rs 2,092.2 crore invested in various stocks. He suggests increasing the lot size in the stock market to deter excessive retail participation. He believes this would be a better solution than imposing additional taxes, which he considers excessive and harmful to the market.
Karnataka plans to seek medical admission quota using CET scores. The draft proposal is wwaiting Chief Minister Siddaramaiah's approval
Kazakhstan's GDP grew by 5.1% in 2023, with 2024 growth forecasted at 5.3%. Venture transactions exceeded $110 million. President Tokayev aims for 6–7% annual growth. A National Development Plan aligned with OECD standards seeks to make Kazakhstan a regional hub. Balanced economic reforms and transparency are highlighted. World Bank forecasts 4.5–5% GDP growth in 2025.
