Vedanta owns nearly 65% stake in Hindustan Zinc, which houses the company's zinc and silver operations in India. While the production of both the critical minerals hit all-time highs in 2023-24, Hindustan Zinc is setting sights on extracting more.
The telecom regulator has maintained its stance on implementing the new quality of service rules from October 1 despite concerns from mobile operators. The new rules, aimed at improving consumer service, include stricter standards and compensation for unresolved network outages. Trai chairman Anil Kumar Lahoti stated that the norms were issued after thorough consultation.
Ziff Davis signed a major deal to acquire CNet from Red Ventures for about $100 million. Earlier, CBS acquired CNet for $1.8 billion and subsequently sold it to Red Ventures for $500 million.
Morris P. Fiorina of Stanford University highlighted that the American public is not as divided as often portrayed. He emphasized the instability of majorities in US politics and the resurgence of class over identity politics. Fiorina suggested that while parties are polarized, the general populace is more united. He also discussed vice-presidential selections in elections.
The two-day CII BIMSTEC Business Summit 2024 in New Delhi highlighted the need for concluding the BIMSTEC Free Trade Agreement and promoting investments to boost intra-regional trade. Key focus areas include connectivity, agriculture, energy, and technology. An annual business summit and the establishment of a BIMSTEC Industry Chamber were proposed.
Mayta, led by chef Jaime Pesaque, presented contemporary Peruvian cuisine, drawing from historical influences. The 9-course 'Mayta Experience' highlighted local ingredients such as quinoa flower and Andean beans. The a la carte menu included Amazonian ceviche and muna tart. Custom cutlery and plates enhanced the presentation, reflecting Peru's cultural mosaic.
Shiv Sena chief Uddhav Thackeray met Congress leaders to discuss the Maharashtra Assembly poll alliance. He emphasized regular meetings for the INDIA bloc and a coordination mechanism. He also met NCP leader Sharad Pawar. Thackeray aims to finalize seat-sharing talks within a month and ruled out aligning with the BJP.
In August 2022, Alaska's Lemon Creek Correctional Center encountered severe issues due to heavy rains that caused the ground to give way. Now, $9.5 million is being allocated to repair this facility. Climate activists suggest decarceration and investing in climate resiliency instead of expanding and repairing ageing prison infrastructure.
Piyush Goyal, India's Commerce Minister, stressed India's dedication to the Global South's welfare at the BIMSTEC Business Summit 2024. He acknowledged Bangladesh's political crisis and called for a smooth transition. Goyal underscored India's intent to foster global friendships, especially with BIMSTEC nations, which represent a significant portion of the world's population.
India has waived clinical trial requirements for new drugs with significant therapeutic advances that have been approved in the US, UK, Japan, Australia, Canada, or the EU. The Central Drugs Standard Control Organisation (CDSCO) stated that this move aims to speed up drug availability, especially for rare diseases, pandemics, and special defence needs.
Late last month, Sebi proposed measures to address the rise in speculative trading in index derivatives, driven by a surge in individual investor activity. Concerns have been raised about the exponential increase in futures and options (F&O) trading volumes, which are now 400 times those in the cash market in India, compared to 5-15 times in most other markets.
Cholamandalam MS General Insurance projected its motor insurance portfolio to reach 62-63% by the financial year's end. The company reported a 14.3% growth in Gross Written Premiums, totaling Rs 1,945 crore for April-June 2024. They also covered 99 athletes in the Paris Olympics, showing strong expectations for equity investment growth.
Government data reveals more than 50,000 real estate cases are pending in consumer courts. As of July 31, 2024, 1,94,555 out of 2,44,813 cases were resolved. The Consumer Protection Act, 2019, aimed to expedite dispute resolution and includes provisions for virtual hearings and online complaint registration, facilitating faster redressal for aggrieved consumers.
Artificial intelligence has become an important part of most businesses nowadays but is reportedly seen being used as an aid for student's term papers and homework. It is evident that students will try to look for an easy way out for completing their assignment, but this is making the job of correctors, teachers and professors all the more tough, as they often need to rest to ai detector tools to understand the originality of the homework.
The Bank of Japan raised interest rates, unsettling markets. Governor Kazuo Ueda later reassured investors that no further hikes would occur during market instability. This reflects the modern role of central banks in managing expectations rather than surprising markets, emphasizing clear communication to maintain stability and investor confidence.
The American Enterprise Institute has said that the Jewish voters have on average supported Democrats over Republicans by a margin of 71% to 26% since 1968. Will they vote for Democrat Kamala Harris or Republican Donald Trump in US Presidential Election 2024?
Brookfield India Real Estate Trust reported strong performance for the quarter ending June, with gross leasing of 242,000 sq ft at an average rental of Rs 135 per sq ft, up from Rs 94 per sq ft previously. The REIT expects to lease 1.5-2.0 million sq ft and achieve an occupancy rate of 87%-89% by the end of FY 2024-25. The distribution guidance is Rs 18.50 per unit.
Hundreds of Bangladeshi nationals attempted to cross into India from Jalpaiguri district in West Bengal, claiming to be under attack in Bangladesh. They were stopped by a sealed border and later returned by the Border Guard Bangladesh. This incident follows violent protests in Bangladesh, resulting in Prime Minister Sheikh Hasina's resignation and political turmoil.
"A Complete Unknown" features Timothée Chalamet as Bob Dylan, chronicling his journey from Minnesota to becoming a revolutionary folk singer. Directed by James Mangold, the film explores Dylan's rise, personal relationships and pivotal decisions. The movie also stars Edward Norton, Elle Fanning and others. It will be released on December 25.
By July of the 2024-25 fiscal year, India had exported 2.6 lakh tonnes of onions following the lifting of the export ban in May. The lifted ban required a minimum export price and an export duty. Maharashtra was a key player in procurement efforts, resulting in higher earnings for onion farmers compared to 2023.
The Reserve Bank was anticipated to maintain key rates with increased confidence in meeting its 4% inflation goal. The RBI's policy stance, growth and inflation forecasts, and regulatory changes affecting banks' profitability were expected to be closely examined, as per a foreign brokerage report before the RBI MPC's decision.
The tribunal confirmed a five-year extension of the ban on SIMI, emphasizing its ongoing objectives of 'Jehaad' and establishing Islamic rule in India. SIMI's connections to ISIS and involvement in terrorism and disrupting national peace were key reasons for the decision. The group has been banned and re-banned since 2001 for its activities.
Maruti Suzuki has announced a recall of 2,555 Alto K10 vehicles due to a potential defect in the Steering Gear Box Assembly, which could affect the vehicle's steerability. Owners of the affected vehicles are advised not to drive them until the part is replaced. The company will arrange for inspections and replacements at no cost through authorized dealer workshops.
