Hamas leader Ismail Haniyeh was killed in an airstrike on his home in Tehran. Hamas and Iran's Revolutionary Guards confirmed his death following his participation in Iran’s new president's inauguration. Haniyeh, born in Gaza, had 13 children and faced numerous family losses due to Israeli airstrikes, including the deaths of his sons, grandchildren, and other relatives.
India's Ministry of Steel has asked the trade ministry to investigate cheaper steel imports from China and Vietnam amid rising imports. India turned net steel importer in FY23, with imports reaching a five-year high. The steel ministry is also discussing diversifying coking coal imports from Russia, Canada, and the U.S. to reduce reliance on Australia
Hamas said Israel was behind the assassination of its supreme leader Ismail Haniyeh in Iran's capital, although there was no acknowledgement from Israel. And Israel claimed responsibility for a strike on Fouad Shukur, a top Hezbollah commander in Beirut, that the military said killed him.
According to Karnataka Chief Minister Siddaramaiah, already two senior IAS officers of the state, National Disaster Response Force team and army teams are engaged in rescue work in Wayanad. Also, Karnataka Labour Minister Santosh Lad is being deputed to Wayanad to take charge of rescue and relief operation. Government sources say at least six people from Karnataka have been feared dead in Monday's landslide.
The corridor, which provides connectivity to major economic centers within Delhi, Uttar Pradesh, Haryana, Rajasthan, Madhya Pradesh, Gujarat and Maharashtra, will help reduce distance from Delhi to Jawaharlal Nehru Port Trust (JNPT) by about 180 km and reduce travel time by up to 50% to connected destinations, the minister said.
Embattled edtech startup Byju's and the Board of Control for Cricket in India (BCCI) have arrived at a settlement, a lawyer said on Wednesday. The payment to BCCI will be made by founder Byju Raveendran's brother Riju Raveendran, the lawyer added.
M&M's tractor segment exhibited solid performance while the automotive segment remained steady, leading to higher-than-expected EBITDA margins. Despite lower other income affecting the bottom line, the operational results were good. Projections indicate that new capacities and a strong order book will drive valuation improvements with potential EV business value unlocking.
Chandipura virus (CHPV), part of the Rhabdoviridae family and Vesiculovirus genus, was first identified in India in 1965. Named after the village of Chandipura in Maharashtra, this virus, though less well-known, poses a significant public health threat, particularly in some Indian regions.
Egyptian fencer Nada Hafez has disclosed that she competed at the Paris Olympics while seven months pregnant.
Olympics 2024: Lakshya Sen advanced to the pre-quarterfinals in the Olympics men's singles badminton by defeating Indonesia's Jonatan Christie. Sen showcased tactical skill in a 21-18 21-12 victory. His upcoming match could be against compatriot HS Prannoy, who is scheduled to face Vietnam’s Le Duc Phat later. Sen's earlier win was against Belgium's Julien Carraggi.
Revenue from operations in the same period rose 12% year-on-year to Rs 2,893 crore. The same stood at Rs 2,579 crore in the previous year period.
Villagers in Yamagarni, Belagavi district, celebrated the miraculous return of Maharaj, an elderly black indie dog, who had gone missing on a pilgrimage to Pandharpur. Traveling nearly 250 km on his own, Maharaj reappeared healthy and well-fed, leading owner Kamalesh Kumbhar and the locals to attribute his safe return to divine intervention.
The Odisha government suspended DIG-ranked IPS officer Pandit Rajesh Uttamrao following allegations of misconduct with a woman inspector in Bhubaneswar. The officer had recently returned from a course at Harvard. The suspension was ordered by the Chief Minister based on a confidential report submitted by the DGP.
Three of these nine stocks saw a share price growth of over 100% in the past one year. These stocks have a market capitalisation of over Rs 1,000 crore. It must be remembered that past performance is not a guarantee of future results.
The Union government reported that the Kerala government received early warnings about the Wayanad landslide, with alerts given on July 23, 24, and 25. Despite these warnings, the landslides, which struck early on July 30, resulted in over 150 deaths. Survivors are now in relief camps, with extensive rescue operations underway involving the Indian Army, Air Force, and various agencies.
Indian shuttler PV Sindhu progressed to the Round of 16 in the badminton women's singles event at the Paris Olympics. She comfortably defeated Estonia's Kristin Kuuba with scores of 21-5 and 21-10. Earlier, Sindhu had also triumphed against Maldives' Fathimath Nabaaha Abdul Razzaq. Sindhu is now set to face He Bingjiao from China.
India has been positioning itself as a major player in global manufacturing, taking advantage of post-pandemic supply chain shifts. Brands like Walmart and Marks & Spencer increased sourcing from India. This trend highlights India's growing appeal in comparison to other Asian countries, driven by competitive manufacturing costs and free trade agreements.
Central banks are the focal point for investors on this action-packed Wednesday, with the Federal Reserve's decision anticipated later in the day. While markets expect the U.S. central bank to maintain current rates, a 25 basis point cut in September is fully priced in, with roughly 68 basis points of easing expected for the year.
Delhi's Chief Secretary Naresh Kumar directed that no payments be made to contractors desilting drains until a third-party audit is completed. This move follows the tragic death of three individuals due to flooding at a library. The Urban Development Department had previously mandated third-party audits of desilting work as per a high court order.
The empty petroleum wagon, which was part of the goods train, was headed for Rangapani siding when it jumped the tracks at 11:45 am, NFR CPRO Sabyasachi De told PTI. He said there was no disruption in railway traffic movement in the region. Railway personnel cleared the tracks by promptly hauling the derailed wagon, De said.
The company has inked the MoU to examine the setting up of a greenfield manufacturing facility at Chhatrapati Sambhaji Nagar, Toyota Kirloskar Motor (TKM) said in a statement. "Under the project, 4 lakh electric and hybrid cars are expected to be manufactured every year with an investment of Rs 20,000 crore, generating 8,000 direct jobs and indirect employment for 8,000. This project will revolutionise the automobile sector in Maharashtra," Shinde said.
Indus Towers has set August 9 as the record date for its buyback, which represents 9.9971% and 9.9668% of its fully paid-up equity share capital and free reserves as of June 30, 2024. The company reported a 43% YoY increase in net profit to Rs 1,926 crore for Q1, fueled by Bharti Airtel’s 5G expansion and past dues collection from Vodafone Idea.
Considering the above, analysts at ICICI Securities believe that given Awfis’ superior RoCE profile which is likely to consistently range over 20% FY26E onwards and net cash balance sheet combined with an estimated 48% EBITDA CAGR over FY24-27E, an EV/EBITDA of multiple of 25x is justified in line with hotel peers.
There are sectors which under perform for years and then they come back to focus. If one looks at the last three years, the list of such sectors has been growing at a faster pace as they make a comeback. Be it power, real estate or even to some extent pharmaceutical. But there is one sector which has made a comeback of sorts, however there is much more scope for improvement in it. This improvement would not only be important from the perspective of the stock market but from the real economy and job creation. Читать дальше...
