Cocaine Sharks Brazil: A study by the Oswaldo Cruz Foundation found that Brazilian sharpnose sharks off Rio de Janeiro tested positive for cocaine, with contamination stemming from inadequate sewage treatment and illegal drug dumping. This raises concerns about the effects on marine ecosystems and human health. Researchers call for further studies to understand the full impact of such pollution on sharks and other marine life.
Bibhav Kumar, Chief Minister Arvind Kejriwal's aide, has challenged the Delhi High Court's order denying bail in the AAP Rajya Sabha member Swati Maliwal assault case. Kumar claims the allegations against him are false and that custody is no longer required. Kumar is currently in judicial custody and was arrested on May 18.
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The company said the launch of Welcomhotel Belagavi, Karnataka, is a testament to ITC Hotels' 'asset-right' expansion strategy and reflects the brand’s ability to adapt to 'diverse' market demands.
BPEA Credit invests Rs. 250 crore in DMW Group, specializing in precision manufactured components for various industries. The funding, which includes a green shoe option, supports DMW's growth in automotive, aerospace, railways, and other sectors. BPEA sees potential in India's manufacturing industry, aligning with their investment philosophy and the country's growth prospects.
The agriculture sector in India supports 42.3% of the population and contributes 18.2% to the GDP. Despite challenges, the Economic Survey 2023-24 advocates for leveraging technology and policy reforms, such as the Agri Stack initiative, to formalize the sector, boost productivity, increase farmer income, and drive economic growth. Agri Stack aims to address issues like poor land records, enhance credit access, improve data management, and facilitate better policy interventions, ultimately benefiting both farmers and the economy as a whole.
Rashtriya Janata Dal MP Manoj Jha criticized the government for the Union Budget 2024-25, saying it provided "shells in the name of peanuts." This comes after Rajya Sabha Leader of Opposition Mallikarjun Kharge's remark that Bihar and Andhra Pradesh received "pakoda and jalebi" in the budget.
Shimla's Army Training Command (ARTRAC) is marking the 25th anniversary of the Kargil War with the 'Kargil Vijay Diwas Rajat Jayanti Mahotsav.' Inaugurated by Lieutenant General Devendra Sharma, the event features an exhibition and various shows, promoting entrepreneurship among Army officers' wives and local women. The celebration educates the public about the Indian Army and inspires youth, including National Cadet Corps (NCC) members. The event honours the 527 soldiers who sacrificed their lives in the 1999 Kargil War.
The verdict came as a shot in the arm for the embattled NDA government and the National Testing Agency (NTA), which were facing strong criticism and protests, on streets and in Parliament, over alleged large-scale malpractices like question paper leak, fraud and impersonation in the prestigious test held on May 5.
The Telangana government presented a Rs 2.91 lakh crore budget for 2024-25, with an expected revenue of Rs 2.21 lakh crore and capital expenditure of Rs 33,487 crore. The state's overall debt reached Rs 6.71 lakh crore over the past ten years. Significant allocations were made for agriculture, education, and irrigation, with measures to reduce borrowing dependency.
InterGlobe Aviation, India’s top airline by market share, was expected to see a substantial drop in its year-on-year net profit for Q1FY24 due to higher fuel costs, a weak load factor, and the Delhi T1 terminal roof collapse. Brokerage estimates indicated mixed sequential profit growth and varying revenue projections.
From April 1, 2024, the capital gains tax exemption for gifts under corporate restructuring will apply only to gifts by individuals or Hindu undivided families. Legal entities like companies or firms giving gifts will be subject to capital gains tax on deemed consideration. Experts noted that this change might stop such gift arrangements completely. Family settlements remain unaffected.
Assam government opened a new center to help residents stuck without Aadhaar due to NRC complications. From July 25, 2024, the center will assist individuals by processing their claims. Chief Minister Himanta Biswa Sarma indicated that around 27 lakh people are affected, stressing the urgency to resolve these issues promptly.
The Indian government and LIC are selling a nearly 61% stake in IDBI Bank, including a 30.48% stake of the Government of India and 30.24% of LIC. Potential investors have received security clearance from the Home Ministry and a nod from the Reserve Bank is expected soon. The RBI has been examining details submitted by potential investors for over 1.5 years, missing the deadline for privatisation.
Claiming that poor and innocent tribals in Malakangiri district will be victims of the Polavaram project, Congress said that the Centre "promoted the irrigation project in Andhra Pradesh without resolving the problems of the affected people in Odisha."
Israeli forces intensified their operations in southern Gaza's Khan Younis, targeting Hamas militants and infrastructure. This comes after Prime Minister Netanyahu's address to U.S. lawmakers, affirming efforts to bring home hostages taken by Hamas on October 7. The conflict, sparked by a deadly Hamas attack, has led to over 39,000 Palestinian deaths, according to Gaza health officials. Amid ongoing battles, Palestinian civilians face severe hardships, with many displaced and hoping for an end to the hostilities.
Cipla reported Q1FY25 net profit expected between Rs 1,061-1,135 crore, with YoY growth of 6.5%-14%. Revenue estimated at Rs 6,749-6,879 crore, up 7%-10% YoY. Analysts from Kotak, Axis, JM Financial, and InCred provide diverse profit and revenue expectations based on domestic sales, US contributions, and acquisitions.
President Droupadi Murmu has announced the renaming of two key halls at Rashtrapati Bhavan. 'Durbar Hall' will become 'Ganatantra Mandap' to better reflect India's republican values, while 'Ashok Hall' will be renamed 'Ashok Mandap' to honor cultural and historical significance. This move aims to enhance the cultural relevance and accessibility of the President's residence and office.
Around 400 people were evacuated from Pune's Sinhagad Road and nearby areas due to severe flooding caused by relentless rains. The Indian Army, NDRF, fire brigade, and local disaster management teams were deployed for rescue operations. Water levels in the Mutha River rose, submerging low-lying homes and vehicles. The IMD has issued a red alert, predicting continued heavy rains. Schools and offices in affected regions were closed, and tourist spots in Pune district were shut down.
After arriving here on Wednesday, General Dwivedi, along with Jammu and Kashmir Lt Governor Manoj Sinha, GOC-in-C Northern Command, Chinar Corps Commander, civil dignitaries and all ranks of Chinar Corps paid homage to Naik Dilawar Khan, who laid down his life during an anti-terror operation in Kupwara.
India's private banks, pressured by regulators to improve credit-deposit ratios, have started selling retail loan portfolios. HDFC Bank sold a $597 million loan portfolio in June, and IDFC First Bank sold retail loans to Citigroup. Several lenders are now exploring similar deals for better CD ratios.
New government's first Budget prioritizes fiscal consolidation with minimal impact on earnings. Nomura bullish on 33 preferred stocks across sectors despite valuation concerns from capital gains tax hikes.
Tata Consumer Products announced a Rs 3,000 crore rights issue to eligible shareholders, offering 3.67 crore equity shares at Rs 818 each. The ex-rights date was July 26, and the record date was July 27. The issue opens on August 5 and closes on August 19.
Sanstar's shares debuted on exchanges after a highly subscribed IPO. Expected to list at a 32% premium, the company planned to use the proceeds for expansion, debt repayment, and other needs. Sanstar, a major producer of plant-based specialty products in India, recorded considerable revenue and profit growth.
