In Rajya Sabha, opposition members protested and exited after they were not allowed to address wrestler Vinesh Phogat's disqualification from the Paris Olympics for being overweight. Chairman Jagdeep Dhankar condemned their conduct, highlighting a challenge to his authority. The incident follows Phogat's protests against the Wrestling Federation of India's leadership.
Benchmark equity indices Sensex and Nifty ended over 1% higher on Wednesday, driven by gains in banking, metal, and IT stocks. The S&P BSE Sensex rose by 1.11% to close at 79,468, while the NSE Nifty50 finished just below 24,300.
The IT firm said in its filing that it has received a second supplementary notice of indemnification from a client claiming indemnity for an amount of $7,597,780 for the in-principle settlements that the client has reached with certain arbitration claimants concerning demands for arbitration of claims related to the alleged data breach.
Marico is gearing up to restart production in Bangladesh, with field sales forces resuming operations. The company noted that conditions are improving and continues to ensure product supply to meet demand. Marico remains vigilant about safety while anticipating robust medium-term business prospects in Bangladesh. Revenue dependence on Bangladesh has been progressively reduced.
The metric reflects the highest value a stock has got over last year. It is a crucial indicator for traders and investors.
On Wednesday, India's Vinesh Phogat missed out on an Olympic medal in the women's 50 kg freestyle wrestling event due to being 100 grams overweight. Olympic bronze medalist Saina Nehwal expressed disappointment, noting that Phogat, an experienced athlete in her third Olympics, should have been aware of the rules. Nehwal criticized the oversight, questioning how such a mistake could occur at this level despite Phogat's extensive support team.
Telecom companies have disconnected nearly 73 lakh mobile connections for failing reverification, flagged due to fake proof of identity or address. The Department of Telecommunications identified about 81 lakh such connections. Minister Pemmasani Chandra Sekhar also revealed that 66 lakh connections exceeding the limit were cut, bringing the count within prescribed limits.
"Continuing with the momentum achieved in FY24, the company reported another stellar performance for the first quarter of FY25. Our operational performance is a testimony of our steadfast commitment to delivering quality products & services to our customers ensuring sustainable profitability and long-term value for all stakeholders," Pradeep Kumar Aggarwal, Chairman and WholeTime Director, said.
Drinking too much water too soon can be harmful, causing symptoms like nausea and vertigo as well as more serious conditions like seizures or even death. It lowers blood salt levels, which can have major health consequences. Although it should be balanced, proper hydration is essential.
Bengaluru-based Sobha Ltd has entered a joint development agreement to develop a residential project on 12 acres in Gurgaon's sector 63A. The area has attracted significant interest due to demand and improved infrastructure. Sobha plans to launch approximately 9 million square feet in FY 25, adding to its projects in sector 99 and sector 63.
Bata India has been in discussions with quick commerce companies to enhance sales, aiming to offer 10-minute delivery for high-demand items. Despite recent sluggish sales and marginal revenue decline, the company focuses on athleisure products, social media marketing, and store renovations to attract new-age consumers. Rising competition from D2C brands has kept market share steady.
Delhi Police's charge sheet points to a 'larger conspiracy' behind the attack on Rajya Sabha MP Swati Maliwal, allegedly by CM Kejriwal's aide Bibhav Kumar. The investigation revealed both were at the crime scene together. Kumar, now in custody, faces multiple charges including attempted culpable homicide, wrongful restraint and criminal intimidation.
Tim Walz is largely unknown. Will it help the Democrats as it will force the Trump campaign to spend precious time and resources to define Walz? They will not be able to focus on Kamala Harris during that period.
The UK banking group said it has leased a new office in Bengaluru with a facility spanning 370,000 sq. ft. over 11 floors, to expand its engineering and innovation hub.
On Wednesday, Sri Lanka made history by defeating India in an ODI series for the first time in 27 years. They won the third ODI by 110 runs, clinching the series 2-0.
Reliance Industries announced plans to become India's top renewable energy developer, aiming for 100 GW of installations by 2030. The company detailed significant investments in solar photovoltaic manufacturing at its Jamnagar facility, where production will start by December. Reliance is also exploring partnerships to enhance its green energy capabilities, aligning with its net zero carbon goal by 2035.
HirePro's report highlighted a gap between academia and corporate expectations, with only 16% of companies considering graduates industry-ready, compared to 70% of academic institutions. The report also found students prioritizing technical skills over CGPA for job placements and stressed the importance of internships. There is a call for better alignment between education and industry needs.
CJI D Y Chandrachud spoke at the 13th convocation of O P Jindal Global University, emphasizing the Constitution's role in curbing inequality. He encouraged students to identify and address injustices, stressing the need for reason amidst noise. Chandrachud also called for continuous learning to solve problems like climate change and resource distribution.
Indian Railways secured approval to install Kavach automatic train protection systems on 10,000 locomotives. This initiative follows safety concerns due to recent accidents. New trains will come installed with the latest Kavach 4.0. Efforts are also underway to deploy Kavach on 5,000 route kilometres annually, with tenders called for specific sections.
The Mines Ministry planned to launch the Critical Mineral Mission targeting domestic production, recycling, and overseas acquisition of vital minerals like cobalt, lithium, and rare earths. The initiative aimed to bolster technology development and a skilled workforce. The government successfully auctioned 14 critical mineral mines and intended to conduct the first offshore mineral block auction.
Shares of Lyft fell 16% due to a disappointing summer forecast, sparking concerns it is losing market share to Uber. Despite reporting better-than-expected revenue and a net profit for the first time, Lyft's future bookings and adjusted core earnings fell short of analyst expectations. This puts the company in a difficult position compared to its rival.
The offering of existing shares will mark Adani Enterprises' return to equity markets after the flagship company scrapped a $2.5 billion share sale in February last year, after U.S.-based short-seller Hindenburg Research accused the Adani group of improper use of offshore tax havens and stock manipulation.
Akasa Air marked two years since its inception, highlighting a successful trajectory towards profitability and an expected 50% annual increase in seat capacity. Operating more than 900 weekly flights, the airline serves 22 domestic and 5 international cities, and has transported over 11 million passengers, achieving triple-digit growth and establishing itself as a rapid global aviation growth leader.
Pennsylvania has 19 electoral college votes. But Kamala Harris has yet to choose its governor Josh Shapiro as her running mate for the US Presidential Election 2024. She has selected Minnesota Governor Tim Walz instead.
