Short covering signals a shift from extreme bearishness to bullishness.
Air India announced it will begin operating evening flights on the Delhi-Dhaka-Delhi route starting August 6, 2024. Due to the current situation in Dhaka, the airline is offering a one-time waiver for rescheduling to passengers with bookings on flights to and from Dhaka between August 4 and 7, 2024.
In a review meeting held with officials of the labour ministry and the Employees’ Provident Fund Organisation (EPFO) on Tuesday, labour and employment minister Mansukh Mandaviya emphasized the importance of a robust mechanism to ensure that the benefits of the ELI scheme reach the true beneficiaries. EPFO is the nodal body for rolling out the benefits under the three schemes.
Sources said Amazon is unlikely to appoint an immediate replacement for Tiwary and the existing team of leaders will work closely with Amit Agarwal–SVP for emerging markets at Amazon. Tiwary will step down in October after an eight-year stint with the ecommerce giant.
Bangladesh is undergoing a significant political upheaval after former Prime Minister Sheikh Hasina fled the country following weeks of violent protests. The unrest, initially sparked by disputes over government job quotas, expanded into broader opposition to Hasina's 15-year rule, marked by economic growth but increasing authoritarianism. Hasina resigned and sought refuge in India, leading to a power struggle between opposition leaders and the military.
The UK government expanded its prison capacity to address violent anti-immigrant riots caused by false social media claims. Over 400 arrests have been made. Prime Minister Keir Starmer promised accountability for those targeting Mosques, looting, and inciting violence. Multiple countries have warned their citizens about safety in Britain.
Mahua Moitra slammed Finance Minister Nirmala Sitharaman's budget for being regressive and doing nothing for common people. Moitra noted the imbalance in tax burdens and condemned high GST rates on life insurance. She also pointed out decreased allocations for social sectors and urged the government to modernize military capabilities and address job creation issues.
Union minister Ramdas Athawale asked MNS chief Raj Thackeray to retract his anti-reservation comments or face a boycott by Dalits and backward classes in the upcoming Maharashtra assembly elections. Thackeray's remarks advocating job priority for locals over caste-based reservations ignited protests from Maratha quota activists and others. The elections are due in October.
Protestors loot Sheikh Hasina's residence after her resignation, taking items from undergarments to chairs and fans. The Ganabhaban, Dhaka's Prime Minister's residence, was ransacked amidst political unrest.
On Tuesday, the Bangladesh Army announced a significant shake-up in its top ranks following a series of dramatic political events. President Mohammed Shahabuddin dissolved parliament a day after Prime Minister Sheikh Hasina resigned and fled the country amidst violent protests. The demonstrations, initially sparked by grievances over job quotas, escalated into a broader movement demanding Hasina’s removal.
Observed on August 7, 2024, Hariyali Teej celebrated the reunion of Mata Parvati and Lord Shiva. This northern Indian festival involved women fasting for their husbands' well-being and included temple visits, applying mehendi, and swinging on decorated jhulas. Married women received gifts known as 'Sindhara' and donned vibrant traditional clothing.
Pune has recorded 66 cases of Zika virus infections within the last two months, with four reported deaths due to comorbidities. Notably, 26 pregnant women were among the infected, yet are mostly in good health. The first case emerged on June 20 when a 46-year-old doctor tested positive.
S&P Global Ratings highlighted India's strong position in South Asia in terms of growth and external factors. It emphasised that the trajectory of the government's fiscal deficit will impact sovereign ratings. S&P Director Andrew Wood expressed optimism in India's economic growth despite global challenges and stated that a significant narrowing of fiscal deficit could lead to a rating upgrade. The agency sees promise in India's growth story and expects fiscal deficit to remain a crucial factor in determining India's ratings direction.
The Armed Forces (Special Powers) Act, 1958, granting extensive powers to the armed forces in disturbed areas, has been lifted from most parts of the northeast, except a few districts and police station areas, as informed in Parliament on Tuesday. Union Minister of State for Home Nityanand Rai highlighted the law's complete withdrawal from Tripura and Meghalaya and partial withdrawal from Assam, Arunachal Pradesh, Manipur, and Nagaland. This move follows a significant improvement in the region's security situation... Читать дальше...
Activist Manoj Jarange urged the Maratha community to prepare for the Maharashtra assembly elections, stating that political power is essential for securing reservation. He accused Deputy CM Devendra Fadnavis of opposing the Maratha quota. Jarange hinted at a decision regarding political entry to be made on August 29, confident of significant electoral change.
The Association for Democratic Reforms clarified that its report on discrepancies in voter data during the Lok Sabha elections was distinct from the one by Vote For Democracy. It denied any implication that the discrepancies favored the ruling NDA. Media misinterpretation led to confusion. Sources suggested that the ADR's press conference inadvertently perpetuated false narratives. The ADR had raised concerns over EVMs and turnout data, despite the Supreme Court dismissing a plea to revert to ballots during the elections.
The Indian flag must always be displayed with the saffron band on top when flown horizontally.
The supplementary investigation report by the regulator's Director General (DG) has concluded that Apple allegedly abused its market dominance in the relevant market, violating various provisions of Section 4 of the competition law.
Union Minister J P Nadda and TMC member Derek O' Brien exchanged sharp remarks over the withholding of Rs 828 crore in National Health Mission funds from West Bengal. Funds were reportedly held back due to non-adherence to colour branding guidelines for health centres, prompting criticism from the West Bengal government.
AI-focussed accounting and finance startup Hyperbots has raised $2 million in a seed funding round. The startup will use the capital to expand its go-to-market strategy and product development. It was founded in 2023 by Rajeev Pathak, Niyati Chhaya, and Ram Jayaraman.
Hariyali Teej, taking place on August 7, 2024, was a key festival for married Hindu women in North India. They celebrated by fasting, wearing traditional attire, and worshipping Lord Shiva and Goddess Parvati. Unmarried women also joined, hoping to find a suitable partner. The day featured elaborate rituals and prayers for marital bliss.
Shiromani Akali Dal MP Harsimrat Kaur Badal asked the Union Civil Aviation Minister to upgrade Bathinda airport to international status and start flights to Canada. She also requested a daily Delhi-Bathinda flight and connections to key Sikh holy sites. Bathinda's strategic location and existing facilities were emphasized.
