The Reserve Bank of India issued draft rules requiring lenders to conduct due diligence on Aadhar-enabled Payment System (AePS) touchpoint operators to prevent fraud. The proposals aim to streamline onboarding and ongoing monitoring, with acquiring banks responsible for due diligence and KYC updates. The RBI also sets transaction limits based on risk profiles and location, giving a deadline of three months for compliance with the guidelines.
The assassination of Hamas leader Ismail Haniyeh in Iran has triggered a leadership crisis for the militant group amid intense pressure from the ongoing Gaza war. The group's Shura council is set to meet soon to appoint a successor. Possible candidates include veteran Khaled Mashaal and influential leader Khalil al-Hayya. The new leader will face the crucial decision of continuing military actions or exploring political compromises. The leadership change comes as Israel's retaliatory operations have devastated Gaza... Читать дальше...
Hezbollah commander Fuad Shukr was found dead after an Israeli strike on Beirut. Israel held Shukr responsible for a recent attack, while Hezbollah denied involvement. The strike also killed civilians. The Lebanese government expressed concerns about potential conflict escalation, while Hezbollah vowed retaliation against Israel for the attack.
Commerce and Industry Minister Piyush Goyal highlighted India's potential for economic growth, suggesting that increased shipping, focus on electric mobility, and self-sufficiency in defense could lead to rupee appreciation. Speaking at an Assocham event, he drew parallels to China's growth from 2000-2020, aiming for a similar trajectory. Emphasizing infrastructure development, anti-corruption measures, and employment generation, Goyal predicted India could become a $5 trillion economy within 3-3.5... Читать дальше...
The Union Home Ministry has published the Department of Personnel and Training's order lifting the ban on government employees' involvement with the Rashtriya Swayamsevak Sangh (RSS) on its website, following a directive by the Madhya Pradesh High Court. The court criticised the government for taking nearly five decades to correct the mistake, acknowledging the RSS as an internationally renowned organization wrongly listed among banned groups for government employees.
"We’re also seeing the increasing popularity of the great replacement theory, embraced by those who believe unfettered immigration is supported by the Democrats to replace ‘real Americans’ with Latin Americans — here, a ‘real American’ carries the undertone of being a white American."
M&M saw a 5.3% decline in standalone net profit in the June quarter due to a previous year's one-time gain. However, excluding this, net profit rose by 20%, bolstered by strong auto and farm equipment sales.
Vice President Jagdeep Dhankhar defended the Rashtriya Swayamsevak Sangh (RSS) in the Rajya Sabha, stating that the organization has 'unimpeachable credentials' and serves the nation. This response came after a Samajwadi Party MP suggested RSS affiliation influenced a government selection. Dhankhar maintained that RSS's contributions are constitutional and vital for national growth.
Less than 100 days before the US presidential election, Donald Trump shifts electoral strategy to target new opponent Kamala Harris after Joe Biden's sudden withdrawal, forcing a rapid recalibration by Trump and the Republicans. Struggling to settle on an effective line of attack, Trump's broadsides against Harris have become increasingly extreme and untethered to reality. Traditional attacks have been focused on her policy pivots. Harris, meanwhile, erases Trump's lead in key battleground states... Читать дальше...
Assam Chief Minister Himanta Biswa Sarma criticized the Jharkhand and West Bengal governments over rising Rohingya infiltrations, highlighting the potential demographic changes. He cited recent arrests in Tripura and warned that appeasement policies are failing. Sarma urged national attention to the issue, stressing its impact on various Indian states.
After the killing of Hamas leader Ismail Haniyeh, many observers have questioned if Israel and its intelligence agencies were involved in this attack. It is clear that such an attack would have required precise intelligence and coordination. The attack killed the top Hamas leader and his bodyguard in the Iranian capital city of Tehran.
Hermes's heir Nicolas Puech claims his previous financial manager committed fraud, which is why his fortune vanished. Puech's charitable foundation's future is now unknown after a Swiss judge rejected the claims.
The government has extended the deadline for central public sector enterprises and public sector financial institutions to meet minimum public shareholding norms until August 2026. It provides exemption to increase public shareholding to at least 25 per cent, with CPSEs below 25 per cent getting an additional two years for compliance. Five public sector banks still need to meet the 25 per cent minimum public shareholding requirement.
Reasonable Doubt is set to return for Season 2, featuring the return of Jax Stewart, portrayed by Emayatzy Corinealdi. Created by Raamla Mohamed, the series is a part of the Onyx Collective.
India and China held diplomatic talks in New Delhi on Wednesday to address the ongoing border standoff along the Line of Actual Control (LAC) in eastern Ladakh. Conducted under the Working Mechanism for Consultation and Coordination (WMCC) framework, the discussions aimed at finding a resolution to the border issues. The Ministry of External Affairs (MEA) emphasized the need for peace and respect for the LAC to normalize bilateral relations. Both nations agreed to uphold peace and stability in the... Читать дальше...
Mahindra & Mahindra plans to increase monthly production capacity by 4,000 units for the five-door Thar Roxx, aiming for a total exit capacity of 64,000 units per month this fiscal year. The company reported a 20 per cent rise in net profit to Rs 3,283 crore, with automotive segment profit climbing 35 per cent to Rs 1,330 crore. M&M forecasts an exit capacity of 72,000 units for the next financial year, including additional capacity for electric vehicles.
Delhi experienced heavy rain on Wednesday, causing widespread waterlogging and major traffic disruptions. Central Delhi's Pragati Maidan observatory noted 112.5 mm of rain in just one hour. Traffic police issued advisories warning drivers to avoid key areas affected by flooding. Shops in Kamla Nagar also reported water ingress.
The IPO consists of an offer for sale (OFS) of up to 2.56 crore shares with a face value of Re 1 per share. Under the OFS, AceVector Ltd and SB Investment Holdings (UK) will offload their part stakes. The company has announced that the price band and the minimum bid lot will be decided in consultation with the book-running lead managers and will be intimated in due course.
Manchester United versus Real Betis soccer match will be playing tonight. One can watch the game for free.
The Bhartiya Vayuyan Vidheyak Bill 2024 aims to update the 90-year-old Aircraft Act, addressing ambiguities and redundancies. Introduced by Civil Aviation Minister K Rammohan Naidu, the bill proposes new regulations on aircraft design and manufacturing, aligning with global civil aviation standards. It also transfers the issuance of important certificates to the DGCA from the DoT.
Heavy rainfall in Delhi and the National Capital Region (NCR) on Wednesday caused severe waterlogging, disrupting traffic and daily life. The India Meteorological Department has issued a red alert, predicting continued heavy rain until August 5. The downpour has affected transportation, including flight diversions and extensive water accumulation in key areas. Authorities are addressing waterlogging issues to minimize public inconvenience.
Manika Batra’s impressive performance at the Paris Olympics ended in a 1-4 loss to Japan’s Miu Hirano in the pre-quarterfinals of the women’s singles. Batra, who had earlier defeated France’s world number 18 Prithika Pavade, became the first Indian to reach the round of 16 at the Olympics in table tennis.
