Bank of Baroda (BoB) on Wednesday reported a 10 per cent increase in standalone net profit to Rs 4,458 crore in the June 2024 quarter, helped by a decline in bad loans. The state-owned bank had posted a net profit of Rs 4,070 crore in the year-ago period.
Indian Hotels Company Limited (IHCL) announced the signing of a luxury hotel and boutique resort in Bahrain under the Taj brand. This is the first Indian hospitality brand in the kingdom. The Hamala resort will offer 251 rooms, dining options, a beach club, and wellness facilities, while the Downtown Seef hotel will feature 200 rooms, dining venues, and event spaces, enhancing Bahrain's tourism sector.
Many of the spectators who came to witness the Olympic flame in Paris were disappointed when it was grounded by a thunderstorm. The flame, which embodies the Games' spirit, continues to stand for creativity and sustainability in spite of the setback.
The political head of Hamas Ismail Haniyeh has been reportedly killed in a missile strike on his luxury house in the Iranian capital of Tehran. This killing has only increased the tensions in West Asia. Israel is presently striking targets in Lebanon and this attack may only lead to retributions by Hamas which has been designated as a terror group by many countries. While Iran and Hamas have termed this attack as an “evil act” by Israel, the latter has not confirmed its involvement.
Israeli Defence Minister Yoav Gallant stated on Wednesday that Israel is not seeking to escalate the conflict but is prepared for all scenarios. Gallant praised the forces involved in the attack on a Hezbollah commander in Beirut, who was allegedly responsible for a rocket attack that killed 12 children and teenagers in the Golan Heights. He emphasized that while Israel aims to avoid further conflict, it is ready to handle any developments and remains committed to its defensive responsibilities.
The Nifty's daily chart maintains an upward trajectory, forming a pattern of higher highs and lows. While the index is currently approaching another potential high, no reversal patterns are evident yet. A significant move beyond 25,100 could trigger a substantial upward rally. Immediate support is expected at 24,750, according to HDFC Securities' Nagaraj Shetti.
A big barrier for factories, big and small, all over India to achieve optimum output is building regulations that leave little space for core activities. Factories are left with little land for their operations after following different building regulations, a study has pointed out.
The joint platform of 10 central trade unions criticized the Union Budget 2024-25's employment-linked incentive schemes, claiming they only benefit the educated unemployed in the formal sector. The unions argue the Rs 2 trillion outlay over five years is inadequate and primarily benefits private sector employers rather than addressing broader employment and social security issues.
After its flagship store in Goregaon, Meetha by Radisson has now been launched in Borivali and Bandra. The hotel chain said the expansion is a testament to the Group’s vision of strengthening its food and beverage portfolio and driving innovation in India’s branded mithai (sweets) industry.
Indians lost 15 billion hours to customer service in 2023, resulting in a $55 billion economic loss, reveals Customer Experience Intelligence Report 2024 by Service Now.
Krispy Kreme has embraced the Olympic spirit with an irresistible offer to celebrate the 2024 Olympics. The renowned doughnut chain is encouraging customers and Team USA to "Go for the Glaze" with a special promotion.
The recent assassination of Hamas leader Ismail Haniyeh in Tehran and an Israeli strike in Beirut against a top Hezbollah commander have escalated tensions in the Middle East. Analysts warn of increased risks of regional conflict as these attacks could provoke retaliation from Iran and its allies, including Hezbollah and other militant groups. The shift in Israel's strategy signals a broader and more aggressive approach, potentially complicating Gaza ceasefire negotiations and impacting U.S. diplomatic efforts in the region.
The profit figure is is lower than the Street estimates of Rs 994 crore. Revenue from operations during the reporting quarter declined 8% year-on-year to Rs 54,771 crore, compared with Rs 59,490 crore in the corresponding quarter of last year.
China's President Xi Jinping has emphasized the need for robust border, sea, and air defences to safeguard the country's sovereignty and maritime interests, according to Xinhua. Speaking at a Communist Party session, Xi highlighted the importance of integrating military strength with economic and social development in border and coastal areas. He also stressed the need for technological advancements in defence. This follows recent high-level military changes and rising tensions over Taiwan and the South China Sea. Читать дальше...
The newly launched SPARSH System aims to benefit over 32 lakh defence pensioners by streamlining the pension disbursal process, which was previously managed by several public sector banks. During a recent event, CGDA Devika Raghuvanshi highlighted the system's success in resolving over 21,000 family pension cases. She assured pensioners of prompt grievance redressal, and Rs. 30 lakh in arrears was distributed to family pensioners. Key officials attended the inauguration of new community facilities in Nandambakkam.
MoS for electronics and IT Jitin Prasada told the Parliament that India's semiconductor industry is poised to grow more than two-fold by 2030 to reach $109 billion. He said the government has greenlit 13 chip design companies in the country.
Recent heavy rains in the area have caused a rise in the Ganga water level, leading to the suspension of cremations on the lower steps of Manikarnika and Harishchandra Ghats. Water police in-charge Mithilesh Yadav stated that cremations are now taking place on the upper steps due to flooding. The site for 'Ganga aarti' has been relocated to the upper steps of the Dashashwamedh Ghat as water levels have encroached on the usual aarti area.
IndiGo recently cancelled flights to and from Leh due to high temperatures affecting runway operations, highlighting the challenges of operating in extreme heat and high altitudes.
Prime Minister Modi monitored the aftermath of landslides in Kerala's Wayanad district. Central aid of Rs 145 crore was extended, with further help assured. Rescue efforts involved 1,200 workers, recovering 133 bodies so far. Teams from the NDRF, Army, Air Force, and Navy coordinated the search and rescue operations under ongoing high-level supervision.
Indian markets ended higher for the fourth consecutive day, buoyed by positive global signals. Sector-wise, there was buying interest in healthcare, metal, power, and utilities, while energy and real estate stocks experienced selling pressure.
A Delhi court denied bail to SUV driver Manuj Kathuria and four basement co-owners—Tejinder Singh, Parvinder Singh, Harvinder Singh, and Sarabjeet Singh—charged in connection with the deaths of three UPSC aspirants who drowned in a flooded coaching center. Judge Vinod Kumar of Tis Hazari Court dismissed all bail applications and requested a response from the investigating officer regarding a plea to declare Kathuria’s arrest illegal. The court has scheduled the next hearing for August 7.
The UPSC cancelled Puja Khedkar's provisional candidature for CSE-2022 amid cheating allegations. Khedkar, who had altered her and her parents' names, exceeded the number of permitted attempts. She was debarred from future exams. The UPSC is taking measures to prevent similar cases by enhancing detection processes.
India's inaugural website dedicated to passive funds offers comprehensive insights into the industry, including aggregate and fund-specific data. Investors can easily compare funds based on key parameters like underlying index, assets under management, tracking error, tracking difference, trading volume, and total expense ratio.
