Kamala Harris chose Tim Walz over Josh Shapiro, the Pennsylvania Governor, as his running mate. Now, Kamala Harris and Tim Walz will take on Donald Trump and JD Vance in the US Presidential Election 2024.
To promote ease of doing business, markets regulator Sebi on Tuesday tweaked the framework involving the nomination rights of unitholders of real estate investment trusts (REITs) and infrastructure investment trusts (InVITs) to appoint directors.
Monster Hunter Wilds will release in 2025 on PS5, Xbox Series X|S and PC. New features include Focus Mode and the Seikret mount. The game’s environment is expansive and interconnected, with weather playing a significant role.
Gland Pharma on Tuesday said its profit after tax declined by 26 per cent to Rs 144 crore for the first quarter ended June 30, 2024. The Hyderabad-based drug maker has reported a profit after tax (PAT) of Rs 194 crore in the April-June quarter of last fiscal.
Tata Power said it "has proposed acquisition of 40 per cent equity stake in KHPL in one or more tranches for which Share Purchase Agreement would also be executed between Tata Power, existing shareholders of KHPL and KHPL."
ISRO is expected to launch the EOS-8 satellite on August 15, using the SSLV-D3 from Sriharikota. The mission introduced a microsatellite and new technologies for future satellites. EOS-8 includes EOIR, GNSS-R, and SiC UV Dosimeter payloads for environmental observation, disaster monitoring, and other applications. The satellite is expected to operate for one year.
The scheme will be benchmarked against Nifty 500 TRI and managed by Ajay Khandelwal, Niket Shah, Santosh Singh, Atul Mehra, Rakesh Shetty, and Sunil Sawant. Investors seeking capital appreciation over the long term by pumping funds predominantly into equities and equity-related instruments will benefit from the scheme.
When the European Space Agency launched the Gaia spacecraft to map stars, it encountered problems from a solar storm and space dust. Its electronics and measurements were impacted by these issues, which raised data inaccuracies. To overcome these issues, teams are collaborating remotely.
Credit card transactions through UPI have hit Rs. 10,000 crore, with Rs. 100-200 crore spent via credit lines, according to NPCI. ICICI Bank leads in disbursing these pre-approved loans. Despite slow growth in credit lines, banks aim to attract new customers by providing small loans against fixed deposits.
The Delhi Development Authority (DDA) is launching three housing schemes offering approximately 40,000 flats to various income groups. The DDA Sasta Ghar Housing Scheme 2024 will provide affordable flats starting at ₹11.5 lakh in locations like Rohini and Narela.
Beneficiaries of the Gruha Lakshmi scheme in Karnataka would begin receiving Rs 2,000 from Tuesday. Minister Laxmi Hebbalkar cited delays caused by technical issues as the reason for the disruption in payments for June and July. Launched in August, the scheme was a major pre-election promise by the Congress party.
The Supreme Court has upheld the National Company Law Tribunal's (NCLT) decision to initiate insolvency proceedings against Tulip Hotels Pvt Ltd. The court rejected an appeal from Tulip Hotels' suspended board, which contested the insolvency order issued on May 16, 2023, following a petition by YES Bank over a ₹900 crore default linked to corporate guarantees.
Rahul Gandhi engaged with a delegation from the Samyukta Kisan Morcha, addressing topics such as legally guaranteed MSP and farmer debts. The meeting was held at his Parliament House office, with several Congress leaders in attendance. Gandhi reaffirmed the INDIA bloc's dedication to obtaining legal guarantees for MSP in support of farmers' demands.
Magnificent 7 stocks have tanked by over $1 trillion, is that an indicator of hard landing for the U.S. economy? Is a U.S. recession around the corner?
India's benchmark Sensex fell by 166 points to 78,593 on Tuesday. Despite the drop, six BSE commodities stocks hit their highest prices in a year, reflecting significant trading and investment interest.
France will take on Spain for football Gold medal match and Morocco will face Egypt for the soccer Bronze medal game at Paris Olympics 2024.
If the Federal Reserve convenes an unscheduled meeting to consider the rate cut, it would not be so for the first time. It happened as recently as March 15, 2020, when the Fed slashed borrowing costs to near zero as the coronavirus pandemic sent panic across global markets.
Nobel laureate Muhammad Yunus expressed his readiness to lead an interim government in Bangladesh following mass protests that forced longtime Prime Minister Sheikh Hasina to flee the country. Yunus, in a statement, acknowledged the trust placed in him by protesters and emphasized his willingness to act for the benefit of the country and its people, advocating for free elections.
In June, the US trade deficit decreased by 2.5 percent to $73.1 billion, which was slightly higher than analysts had predicted. The narrowing of the trade gap was due to an increase in exports, notably in civilian aircraft and industrial supplies, while imports saw a rise in pharmaceuticals and semiconductors. The reduction was moderated by fewer crude oil imports.
Oil prices dipped lower in volatile trade on Tuesday, as a weak demand outlook after a global sell-off in markets on Monday countered price support from fears of an escalation in the Middle East conflict, and a drop in Libyan production.
During an all-party meeting, External Affairs Minister S Jaishankar informed leaders about Sheikh Hasina's arrival in India after stepping down as Bangladesh's prime minister due to protests. India has been coordinating to ensure the safety of Indian students and addressing attacks on minorities. The situation in Bangladesh remains unstable, and further steps are being planned.
The lender's credit cost, which signals the share of provisions as a percentage of on-book loan portfolio, jumped to 3.38% for the quarter under review against 0.88% a year back. Its gross non-performing assets ratio rose to 5.46% at the end of June from 3.2% a year back.
Over the last five financial years, banks have written off loans totaling ₹9.90 lakh crore, according to a report from the Minister of State for Finance, Pankaj Chaudhary. In 2023-24, the write-off was ₹1.70 lakh crore, down from ₹2.08 lakh crore the previous year. The highest write-off occurred in 2019-20 at ₹2.34 lakh crore.
US equity markets plummeted amid recession fears, with major indexes seeing sharp declines. Contributing factors included weaker-than-expected job growth and rising unemployment. Speculations about potential Federal Reserve rate cuts persisted, though analysts offered mixed forecasts. Analysts suggested the Federal Reserve might prioritize the labor market and implement rate cuts to address economic concerns.
Grihum Housing Finance, formerly Poonawala Housing Finance, reported a net profit after tax of Rs. 48 crore for the first quarter of this fiscal, up 77% on year. The housing finance company has assets under management of Rs. 8,700 crore, up 33% on year.
