Radhika Gupta posted on social media platform X and rated the Budget as 9/10. She said, “Net-net: 9/10. Focus on building and investing in India for the long term. The market will (and has) quickly moved past capital gains to focus on growth and earnings.”
Kamala Harris, the Democrats' presumptive White House nominee, faces a race to forge a distinct identity after years playing second fiddle to President Joe Biden. Biden's endorsement of his vice president after exiting the race and the flood of party support following it all but guarantee Harris will lead Democrats in their fight to prevent Donald Trump's comeback on November 5.
CDSCO mulls exempting cough syrups from testing before export to select countries. Quality concerns arose last year prompting mandatory testing. Stakeholders seek waiver, while data shows some batches failed quality standards.
Balasore, Odisha relocated 10,581 residents within 3.5 km of Chandipur's launch pad number 3 for a missile test. Officials, including Ashis Thakare and Sagarika Nath, arranged temporary shelters at schools. Evacuation began at 4 a.m. Villagers, including fishermen, demand better compensation. 22 police sections and revenue officer involved. Drinking water and a health camp provided.
Union Budget 2024-25 allocates Rs 1,273.91 crore to ASI for 3,697 sites and the 46th World Heritage Committee session. Emphasis on 'vikas' and 'virasat.' Funding for Vishnupad and Mahabodhi temples, modelled on Kashi Vishwanath Corridor. Library and museum allocations at Rs 188.21 crore and Rs 123.72 crore. Tourism sector receives Rs 2,479.62 crore.
Finance Minister announces the operationalization of Anusandhan National Research Fund along with significant budget allocations for the Deep Ocean Mission and various science and technology departments to drive research and innovation in India.
The NSE Nifty 50 ended 0.12% lower at 24,479, while the S&P BSE Sensex settled 0.09% lower at 80,429. Both indices experienced mild fluctuations around the flat line throughout the day as the federal budget was presented.
Aashish Somaiyaa, CEO of WhiteOak Capital Asset Management, criticised the decision to tax share buybacks, describing it as a "double tax" on investors. He expressed surprise at the rationalisation of the capital gains structure, highlighting that various measures would now increase the tax burden for investors, especially those with long-term investments across different asset classes.
Jamaica's legendary sprinter Usain Bolt has set his eyes on one particular United States sprinter, Erriyon Knighton, who is taking part at the Paris Olympics 2024, since this emerging talent has potential to become the next track and field star for the the US.
1.28 crore registrations for PM Surya Ghar Muft Bijli Yojana aim for 1 crore rooftops. Launched in February by PM Modi, 15 lakh applications were received.
The Indian government plans to release a five-year financial sector vision and strategy document to meet the country's financial needs. The document will outline the sector's size, capacity, and skills. Additionally, the government will develop a taxonomy for climate finance to increase capital availability for climate adaptation and mitigation.
ICAI welcomes the tax proposals in the Union Budget 2024-25, emphasizing simplification, improved services, tax certainty, and reduced litigation. The focus is on employment, skilling, MSMEs, and the middle class. The proposed review of the Income Tax Act aims to benefit taxpayers by providing certainty.
Season 3 concluded with Francesca Bridgerton heading to Scotland with her new husband, John Stirling while Eloise joins them.
Indian benchmark indices closed slightly lower after a fluctuating session. The Nifty's short-term trend remains negative but shows signs of a bullish reversal above 24,650-24,700, targeting 24,850-24,900 levels, with immediate support at 24,100.
Shares of Bharat Petroleum Corporation (BPCL) today ended at Rs 306 on the NSE, down by Rs 2.25 or 0.73% over the previous closing price. Meanwhile, Hindustan Petroleum Corporation (HPCL) shares settled at Rs 345 falling by 0.5%. Indian Oil Corporation (IOC) was the top loser falling 1.4% to close the session at Rs 165.85.
Air India Express has expanded its network by launching the first direct international service from Bengaluru to Abu Dhabi. Bengaluru now serves as the largest station for the airline, with over 200 weekly flights. Passengers from multiple Indian cities can conveniently connect to Abu Dhabi through one-stop itineraries via Bengaluru.
Revenue from operations in the June quarter increased 7% year-on-year to Rs 6,238 crore, compared with Rs 5,808 crore in the corresponding quarter of last year.
India's Union Budget for 2024-25 allocates varying amounts of development aid to neighboring countries, with Bhutan receiving the largest share and Maldives experiencing a notable decrease. Changes in allocations reflect evolving diplomatic relationships and priorities in the region.
In NEET-UG 2024 hearing, CJI Chandrachud warned Mathews J Nedumpara to wait his turn after Hooda. Justices Pardiwala, Misra, and Solicitor General Mehta were present. Nedumpara’s behavior deemed contemptuous followed by an apology. He cited seniority and unfair treatment, advocating for a retest over a question paper leak, which he raised in Parliament.
The Ministry of Minority Affairs' budget for 2024-25 has increased by Rs 574.31 crore to Rs 3,183.24 crore, surpassing the revised estimate of Rs 2,608.93 crore in 2023-24. The budget includes Rs 1,575.72 crore for education empowerment, Rs 326.16 crore for Pre-Matric Scholarship for Minorities, and Rs 1,145.38 crore for Post-Matric Scholarship for Minorities.
The beauty and fashion retail brand is looking to expand globally and has announced investment plans through its wholly-owned subsidiary FSN International. The board of directors of Nykaa has approved and authorised the issuance of up to 12,500 NCDs with a face value of Rs 1,00,000 each to raise Rs 125 crore on a private placement basis, the filing showed.
India sales that constitute 57% of Torrent's revenues grew 15% YoY to Rs 1,635 crores in Q1FY25 led by outperformance in focus therapies.
US President Joe Biden had resisted demands from his own party members calling on him to end his election campaign. Former House Speaker Nancy Pelosi issued a final warning that may have forced Biden to quit the race.
