The risks are being amplified by the tightening control of a corporate coterie popularly known as "Big Tech": Microsoft, whose software runs most of the world's computers; Apple and Google, whose software powers virtually all of the world's smartphones; Amazon, which oversees data centers responsible for keeping websites running (another key service provided by Microsoft and Google, too, in addition to its e-commerce bazaar); and Meta Platforms, the social networking hub that owns Facebook, Instagram and WhatsApp.
Social activist Medha Patkar has moved to the Sessions court to challenge a defamation case against her by Delhi's lieutenant governor, VK Saksena. Patkar was sentenced to five months in jail and a Rs 10 lakh fine. She was granted one month's bail to challenge the trial court judgement. The Court of Vishal Singh will hear her appeal on Monday.
Additionally the company has also announced that each American Depositary Share (ADS) will still represent 1 equity share. As a result, the number of ADSs held by each American Depositary Receipt holder will increase in proportion to the increase in equity shares.
Tata-owned Vistara is offering 20 minutes of complimentary Wi-Fi on its international flights, making it the first Indian airline to offer this service. The free Wi-Fi will be available across all cabins, allowing passengers to purchase additional time using Indian credit or debit cards. Vistara's international flights use wireless connectivity powered by Panasonic Avionics, enabling internet access on Wi-Fi-enabled devices at 35,000 feet.
Two Pakistani ministers, Muhammad Aurangzeb (Finance) and Sardar Awais Ahmad Khan Laghari (Energy), are in Beijing to discuss rescheduling Pakistan's debt related to the China-Pakistan Economic Corridor (CPEC). The debt, primarily from energy projects, has surged to Rs 401 billion, a 44% increase from the previous year.
REC saw a 16.57% rise in its consolidated net profit, reaching Rs 3,460.19 crore in the June quarter. The total income was Rs 13,092.44 crore, up from Rs 11,108.16 crore a year ago. The board approved an interim dividend of Rs 3.50 per share, and the REC subsidiary Khavda II-D Transmission has been dissolved.
The Congress criticised NITI Aayog for its treatment of West Bengal Chief Minister Mamata Banerjee at a meeting, calling it "unacceptable" after she was stopped midway through her speech. The government defended itself, stating her speaking time had ended. The Congress accused the NITI Aayog of being biased towards Prime Minister Narendra Modi and boycotted the meeting due to alleged discrimination in the Union Budget.
Gujarat CM Bhupendra Patel highlighted the state's objective to achieve a USD 3.5 trillion economy by 2047 at the Niti Aayog Governing Council meeting. He introduced the Gujarat@2047 roadmap, focusing on economic prosperity, renewable energy, and advancements in sectors like semiconductors and natural farming. The initiative aligns with PM Modi's vision of 'Viksit Bharat' by 2047.
Finance Minister Nirmala Sitharaman denied West Bengal CM Mamata Banerjee's accusation that her microphone was muted at the NITI Aayog meeting, asserting that each CM had designated speaking time. Banerjee, alleging political bias, walked out of the meeting, while the PIB fact-checking body found her claim misleading.
Earlier in the month of May, NTPC had announced a dividend for its shareholders along with the declaration of its Q4 results for the financial year 2024.
NTPC Quarter 1 Results: The total income of the company also rose by 13.5% to Rs 45,053.04 crore while its total expenses were recorded at Rs 38,276.03 crore in Q1FY25. The total expenses increased by Rs 4,748 crore on a YoY basis.
Dr. Reddy's Lab Q1 Results: While announcing the quarterly numbers, the company's board also approved split of equity shares in the ratio of 1:5, which means that 1 existing share will split into 5. The company said its revenue growth during the quarter was largely driven by growth in global generics revenues in North America as well as India.
The rice water rinse is a traditional beauty treatment that has become a popular hair care trend on social media. It involves soaking or fermenting rice in water and using the starchy water as a hair rinse to promote hair health.
A senior central government official expressed confidence in steel demand, predicting domestic production will exceed 300 million tonnes by 2030. Steel Secretary Nagaendra Nath Sinha highlighted strong current demand driven by government infrastructure projects and robust GDP growth.
Jaishankar called on the international community to be robust in combating terrorism in all its forms and manifestations and dismantle terror sanctuaries and UN-proscribed terrorism financing networks. Jaishankar's remarks came as he participated in the 31st ASEAN Regional Forum (ARF) in Laos' capital Vientiane. He said India remains steadfast in its commitment to contributing to ARF activities over the coming years.
The Supreme Court scheduled a hearing on July 29 for the Enforcement Directorate's plea against Jharkhand High Court's decision to grant bail to Chief Minister Hemant Soren in a money laundering case. Soren had resigned before being arrested in January, and was reappointed after getting bail. The ED accused him of illegally acquiring land and manipulating records.
The pre-provisioning operating profit rose 25.5% to Rs 1,882 crore as compared to Rs 1,500 crore in the corresponding quarter of the previous fiscal year. During the quarter, IDFC First Bank's GNPA came to 1.9%, a drop of 2 bps sequentially. The net NPA rose up marginally by 1 bps to 0.59% quarter-on-quarter.
The BJP slammed West Bengal CM Mamata Banerjee for leaving the NITI Aayog meeting, accusing her of political theatrics. CPI(M) and Congress questioned her motives, noting she attended without consulting other opposition parties. TMC defended her, alleging her voice was unfairly muted during the meeting. The incident highlights tensions among political parties.
Penalty for missing ITR filing deadline: The penalty for late filing of the Income Tax Return (ITR) applies to individuals who fail to meet the July 31, 2024 deadline. A belated ITR refers to an income tax return filed after the designated due date.
EAM S Jaishankar on Saturday stressed the need for a substantive and effective code of conduct to secure sea lines of communication in the South China Sea. China claims most of the South China Sea as its own, while The Philippines, Vietnam, Malaysia, Brunei and Taiwan have counterclaims over the maritime area.
Coal India Dividend: The company further mentioned that the payment of the dividend to the eligible equity shareholders will also be done on August 16, i.e, the record date.
CPI general secretary D Raja supported chief ministers' decision to boycott NITI Aayog meetings, citing issues with central government actions. Raja claimed discriminatory treatment, including alleged improper tax and fund sharing, leading to CMs' concerns. He criticised Modi government for lacking cooperative federalism and disrespecting state voices. Raja questioned NITI Aayog's role and necessity.
A Delhi court is expected to decide on September 27 whether to accept a police report recommending the cancellation of a minor wrestler's complaint against former WFI chief and BJP MP Brij Bhushan Sharan Singh, who is accused of sexual harassment.
