MPs from INDIA bloc parties TMC and DMK walked out of the House, alleging that there was no clarification from the government over the issue. On Thursday, West Bengal Chief Minister and TMC supremo Mamata Banerjee also posted on X demanding that this GST on life and health insurance premiums should be withdrawn, and also warned of agitation if the government does not pay heed.
Goldman Sachs expects the Reserve Bank of India to maintain interest rates and its withdrawal of accommodation stance at the August 8 meeting due to ongoing food inflation concerns. Despite a decline in core inflation, broad-based food inflation has kept headline inflation around 5% YoY in H1 CY24.
Rangasamy said that a major portion of the financial resources go towards meeting committed expenditure such as salaries, pension, repayment of loans and interest payments. The Central government had conveyed its approval for the net borrowing ceiling to the extent of Rs 2,066.36 crore "to bridge our fiscal deficit," he said.
China's Civil Affairs University launched an undergraduate marriage program to boost the marriage industry and culture, as marriage and birth rates fall. Starting in September, it will train students in areas like family counseling and wedding planning. Though there was a recent rise in new marriages, it was mostly due to postponed weddings from the pandemic.
Hindustan Zinc Q1 Results: The company's revenue from operations for the period reached Rs 7,893 crore, marking an 11% increase from Rs 7,111 crore in the same period last year. The EBITDA for the June quarter rose by 18% year-on-year to Rs 3,946 crore, compared to Rs 3,347 crore a year ago. Margins improved by 257 basis points to 48.5%.
A record 7.28 crore income tax returns were submitted by July 31 for the assessment year 2024-25, exceeding last year’s total. Most filings, 5.27 crore, were under the new tax regime, peaking on the deadline with 69.92 lakh submissions. Additionally, 58.57 lakh returns were from first-time filers, pointing to a broader tax base.
ixigo’s revenue from operations for the first quarter was reported at Rs 182 crore. This turns out to be an increase of 16% on a year-on-year basis from Rs 156.6 posted crore in the corresponding quarter of the previous year. The EBITDA increased 62% to Rs 19.2 crore for the quarter under review
Rahul Gandhi was elected from Wayanad in the 2019 and 2024 polls. He gave up Wayanad as his Lok Sabha seat this time and retained Rai Bareli, another constituency he was elected from.
However, our outlook on speciality products remains very positive and I expect our existing products will continue to grow. Even in the current quarter, we saw good growth in Ilumya, Cequa, Winlevi and Odomzo. And as such, we do not see any concern for growth front.
"I am delighted to pass on this iconic brand and its legacy into the capable hands of Mr Vishal Mehta, Infibeam Avenues. I strongly believe that the new avatar of Rediff under his leadership will further strengthen the company and accelerate business growth,” said Ajit Balakrishnan, Chairman & CEO of Rediff.com.
On May 16, AAP MP Swati Maliwal filed an FIR alleging that Delhi CM Kejriwal's former aide and personal assistant Bibhav Kumar "kicked, shoved and repeatedly slapped" her. Maliwal's accusations were layered with grim details. She claimed that Kumar kept kicking her pelvis, and the assault didn't stop even when she informed Kumar about her periods.
National pistol shooting coach Samaresh Jung returned home to the news that his residence in Delhi's Khyber Pass would be demolished within two days. Declared illegal, the settlement is on land reportedly owned by the Ministry of Defence. Jung, who has lived there for 75 years, appealed for more time to vacate.
Navneet Education's board approved a Rs 100 crore buyback plan, with August 13 set as the record date. The company will repurchase 50 lakh shares at Rs 200 each, constituting 2.21% of total shares. Promoters hold 63.31% of the company's shares, and public shareholders hold 36.69%.
Carlsberg secured full ownership of its businesses in India and Nepal by purchasing a 33.33% stake from its partner CSAPL (Singapore) Holdings for $744 million. This strategic move allows Carlsberg to own 100% of its Indian operations and 99.94% of its Nepalese operations, enhancing its potential for growth in these markets.
The company's board in a meeting approved the issuance of 98,32,123 fully convertible warrants at Rs 417 per warrant, in one or more tranches, aggregating to Rs 410 crore, it said.
Ajit Pawar, Maharashtra's Deputy Chief Minister, asserted he would abandon politics if accusations of his covert meetings with Amit Shah before allying with the BJP were validated. He accused his opponents of spreading false narratives and challenged them to step down if their allegations were proven baseless, stressing his commitment to transparent politics.
The Supreme Court has rejected the request to launch an investigation into alleged quid pro quo arrangements involving Electoral Bonds. Petitions by NGOs demanded scrutiny, citing potential corruption in political funding between corporations and parties. Critics argue the scheme, intended for transparency, actually enables anonymous donations and may affect ongoing investigations.
Best Fixed deposit Rates : FD rates have been revised by various banks like Punjab National Bank, Federal Bank, Bank of India, Karnataka Bank and Union Bank of India. Moreover, PNB has increased the FD rates by up to 25 basis points. All of these FD interest rates are applicable for an FD amount below Rs 3 crore.
We will be getting next year of vacuum salt as well as the bromine and these are going to give us next year a fillip into our top line as well as in the bottom line.
After a landslide in Chooralmala, Sujatha Aninanchira and her family escaped from their flattened home, encountering a tusker and three female elephants. Remarkably, the elephants did not harm them while they waited for rescue. Sujatha, injured from the roof collapse, recounted the tusker’s seemingly empathetic response to their perilous situation.
Lenders of Reliance Capital cautioned Hinduja Group's IndusInd International Holdings for missing NCLT-imposed deposit conditions, including Rs 250 crore in a domestic escrow account and Rs 2,500 crore offshore. Given a final extension till August 10, IIHL has yet to meet deadlines, prompting lenders to reserve remedial rights.
The Supreme Court ruled that there was no systemic breach in the 2024 NEET-UG exam, supporting the government's position. Union Education Minister Dharmendra Pradhan emphasized the commitment to transparent examinations. The Court's decision counters allegations of malpractice and affirms the interests of millions of students.
