Akums Drugs and Pharmaceuticals will debut on Tuesday. The stock, with a GMP of Rs 140, is expected to list at a 21% premium over the upper price band of Rs 679. The IPO was oversubscribed 63.5 times, and analysts suggest it’s reasonably valued.
Tibetans in Tibet and around the world have expressed concerns over the Chinese social media platform Douyin's ban on Tibetan language content. The Tibetan Centre for Human Rights and Democracy (TCHRD) has condemned the decision, stating that the Chinese constitution allows minority people to speak in their language. TCHRD Director Tenzin Dawa questioned the restrictions imposed against the Tibetan language and questioned the Chinese government's stance.
Outbound tourism spending from India was projected to rise from USD 18.82 billion in 2024 to USD 55.39 billion by 2034. Nangia NXT and Ficci's report highlighted the dominance of packaged tours in 2024 and the role of rising disposable incomes, visa reforms, and social media in driving this growth.
The Uttar Pradesh unit head of the BSP Vishwanath Pal also exuded confidence that his party will perform well in the bypolls to 10 seats in the state, and that backward classes will again associate with the Mayawati-led party.
Jajang iron ore block in Keonjhar, is one of the four iron ore mining leases which were acquired through an auction in 2020, JSW Steel said in a regulatory filing on Saturday. "JSW Steel due to un-economic operation, has submitted a notice for surrender of mining lease on August 3 in respect of Jajang Iron Ore Block...," it said.
Anil Deshmukh accused Devendra Fadnavis of political vendetta through sacked officer Sachin Waze’s bribery allegations. Deshmukh, who resigned in 2021 following extortion allegations, urged the release of the Chandiwal Commission report that supposedly exonerates him. BJP refuted the claims, stating that CBI has substantial evidence against Deshmukh, who may face further legal action.
As India shifts towards high-risk, high-return investment options, households are losing around Rs 60,000 crore annually in derivatives trades. With 90% of derivatives traders incurring losses, there are concerns about household savings being wasted on speculation. In response, SEBI has introduced a seven-point plan to curb such trades, and the Union Budget includes measures to discourage them. This situation offers banks hope that investors might return to traditional savings options.
The Indian Army assisted with flood relief in Pune after heavy rainfall led to water being released from Khadakwasla dam. Over 100 personnel, including engineers and medical staff, were deployed to evacuate residents from the flooded Ekta Nagar area. Further heavy rainfall is forecast for Maharashtra by the India Meteorological Department.
The 'Readjustment of Representation of Scheduled Tribes Bill, 2024' is expected to be introduced in the Lok Sabha this week, aiming to provide reservation to Scheduled Tribes in the Goa Legislative Assembly. The bill empowers the census commissioner to notify the population of STs in Goa and will amend the Delimitation of Parliamentary and Assembly Constituencies Order, 2008 to allow ST reservation in the 40-member assembly.
MSI Chairman RC Bhargava expressed hope that in the third term, Prime Minister Narendra Modi-led government will continue its emphasis on building infrastructure, maintaining fiscal prudence, keeping inflation under control, implementing reforms that make manufacturing more competitive and trusting the private sector.
India's tour and travel operators are poised to see a 15-17% revenue increase this fiscal year, driven by rising domestic tourism and a growing trend towards international travel, according to Crisil's latest report. This follows a significant 40% revenue spike last fiscal, exceeding pre-pandemic levels. Key factors include improved infrastructure, rising incomes, and government support for domestic tourism. The report highlights strong financial health and operating margins for travel operators... Читать дальше...
The crypto platform experienced a breach involving its multisig wallet, which typically requires two or more private keys to authenticate and confirm transactions before processing. WazirX had also put out a poll on social media platforms to gauge feedback from users and various other stakeholders.
The 1978 assassination of Wadie Haddad by Mossad using poisoned toothpaste is a stark example of Israel’s covert tactics in the Israel-Palestine conflict. Haddad, a key figure behind the Entebbe Hijacking, was targeted by a meticulously planned operation that remained secret for decades. This case illustrates Israel’s commitment to preemptive action, driven by their military motto to eliminate threats before they materialize.
The Indian Computer Emergency Response Team (CERT-In) has issued a severe warning about critical vulnerabilities in Apple products, affecting iPhones, iPads, Macs, and more. These flaws, identified in software versions prior to recent updates, could lead to severe security breaches including sensitive information leaks and arbitrary code execution. Users are advised to apply the latest updates immediately. Additionally, Apple has alerted users worldwide about potential spyware attacks similar to Pegasus.
UltraTech Cement anticipates a 7-8% growth in cement demand this financial year, driven by increased construction activities. The industry was set to add 35-40 million tonnes of capacity, mostly in the eastern and southern regions. This demand surge expected to raise the capacity utilization to 72% in FY25 from 68% in FY23.
India is seeking customs duty concessions on goods such as cars, commercial vehicles, and machinery from Sri Lanka under a comprehensive free trade agreement (FTA). The 14th round of talks between senior officials of India and Sri Lanka concluded in Colombo, focusing on rules of origin, goods, services, and technical barriers for trade. Sri Lanka has also requested removal of a quota on apparel exports to India, duty concessions on tea, and certain agricultural commodities.
The BJP responded to calls from leaders, including Rahul Gandhi, to label the Wayanad landslides a national disaster, stating no such provision exists as per Central guidelines since the UPA era. Senior leader V Muraleedharan clarified that each disaster is addressed based on severity, and highlighted the government's ongoing rescue efforts and financial aid provided to affected families.
The Rs 8,373.10 crore (USD 1 billion) qualified institutional placement (QIP) of Adani Energy Solutions Ltd (AESL), which closed last week, saw over 120 investors seek shares in the firm that is into power transmission, distribution and smart metering business. Billionaire Stanley Druckenmiller's family office-led investment firms were among the companies that sought shares of AESL in the QIP.
Plans for a Rs 41,000-crore transhipment port at Great Nicobar Island are set, with implementation starting soon. The project, receiving environmental clearances, involves public-private investments to achieve a capacity of 16 million containers annually. The first phase, costing Rs 18,000 crore, aims for completion by 2028. Additional infrastructure like an airport and power plant is also planned.
Technology firm Affle (India) has reported 30.8 per cent rise in consolidated net profit at Rs 86.59 crore for June quarter FY25. It had clocked a net profit of Rs 66.17 crore in the year-ago period.
Investors who have been around are wondering if this is 1999 all over again with an imminent NASDAQ crash. Many others are pondering whether to sell, lock in profits, or buy more. The best approach, we believe, is to examine the data and make an objective decision.
Early Sunday, an Israeli airstrike targeted a tent camp within a Gaza hospital complex, killing four people amid rising regional tensions. This strike follows recent violence, including a stabbing attack in Tel Aviv that left two dead. The violence comes after the killing of senior militants in Lebanon and Iran, exacerbating fears of broader conflict. The ongoing war in Gaza has led to significant casualties and destruction, with Hezbollah and Hamas continuing to engage in hostilities.
