The market watchdog imposed a fine of Rs 2 lakh on Nippon Life India Asset Management Limited and Rs 1 lakh on Nippon Life India Trustee Limited. They were held guilty in violating total expense ratio (TER) norms prescribed by the regulator
Kerala Chief Minister Pinarayi Vijayan confirmed Prime Minister Narendra Modi's visit to Wayanad's landslide-affected regions on August 10. The state anticipates Central aid for rehabilitation. A nine-member committee is assessing the disaster. Donations to the Chief Minister's Disaster Relief Fund are acknowledged, and survivors will aid in ongoing search operations.
Yulu Bikes aimed to raise over $100 million in a Series C round to expand its operations and fleet of electric two-wheelers. The company collaborated with Bajaj Auto to develop electric vehicles, expecting 5x growth in the quick-commerce segment. Yulu planned to introduce mid-speed scooters by the end of 2024 and become operationally profitable soon.
Total income stood at Rs 396 crore for the June quarter against Rs 303 crore in the year-ago period, AstraZeneca Pharma India said in a regulatory filing
Opposition leader R Ashoka alleged that the Congress government intimidated anti-corruption activist TJ Abraham, who sought approval to prosecute CM Siddaramaiah over a site allotment case. Ashoka criticized the misuse of agencies against dissenters. Abraham accused Siddaramaiah of helping his wife unlawfully acquire plots. Governor Gehlot is reviewing Abraham's request and the ministers' resolution.
The data analytics company will deploy its products, including the "Gotham" software - which assists in locating targets on battlefields - on Microsoft's Azure Government and Azure Government Secret cloud platforms.
Paris Olympics 2024 gold medal match between France and Spain will be played. Viewers in the US can watch the game live.
The Haryana government decided to provide Rs 2,000 per acre as a bonus to farmers for their Kharif crops due to inadequate rainfall. Chief Minister Nayab Singh Saini stated that farmers faced higher costs. Farmers must register on the 'Meri Fasal, Mera Byora' portal by August 15. Outstanding irrigation charges were also waived.
Ludhiana-based Ceigall India has obtained contracts worth Rs 1,042 crore for the Kanpur Central Bus Terminal and Bhubaneshwar Metro Project-Phase I. The Bhubaneshwar Metro will enhance connectivity and reduce congestion over 3 years, while the Kanpur project will build a modern bus terminal within 2 years.
Assam's Chief Minister, Himanta Biswa Sarma, reassured that stringent security at the Indo-Bangladesh border has effectively prevented illegal entry amidst ongoing disturbances. He confirmed that only individuals with valid visas and passports have been allowed entry. Additionally, BJP leader Bernard Marak urged the Meghalaya government to set up camps for tribal communities fleeing Bangladesh.
IIT Delhi's Abu Dhabi campus will introduce two undergraduate courses, Computer Science Engineering and Energy Engineering, from September 2023. With 60 seats available, admissions will be through JEE (Advanced) qualifiers and a Combined Admission Entrance Test. The campus is collaborating with industry partners in the UAE and is planning to establish a permanent campus and recruit faculty.
Reserve Bank Deputy Governor Michael Patra reported that household saving behavior is returning to normal, with total household savings stabilizing at around 20%. During the pandemic, households saved more in financial assets due to fewer spending opportunities, but now there is a shift towards investing in physical assets.
Union Minister Nitin Gadkari announced that India's logistics cost is expected to drop to 9 per cent of GDP by April next year, which will likely boost exports. Current logistics costs are around 16 per cent, with NCAER estimating them between 7.8 and 8.9 per cent in 2021-22.
India's men's hockey team won the bronze medal at the Paris Olympics by defeating Spain 2-1. This match marked the final international appearance for goalkeeper PR Sreejesh. Earlier, India had missed the chance to reach the finals after losing to Germany in the semifinals, but managed a strong comeback to secure a medal.
Dabur's CEO, Mohit Malhotra, announced that the company's factories and stockists in Bangladesh are now operational after a week-long shutdown due to political unrest. Bangladesh contributes less than 1% to Dabur's consolidated revenue and under 0.5% to its profits. Dabur's Bangladeshi subsidiary produces Amla and Vatika hair oils and Odonil air fresheners.
The Dow Jones Industrial Average rose 176.9 points, or 0.46%, at the open to 38940.38.
Republican vice presidential candidate and Ohio Senator JD Vance approached a group of reporters at the Chippewa Valley Regional Airport and said to have a closer look at Air Force Two. He told them that he figured he would come by and just get a good look at the plane because hopefully, it’s going to be his plane in a few months.
Trump was banned from Twitter in January 2021 during the final days of his presidency. His account was reinstated when Musk acquired the platform in 2022.
Media reports and opinion polls suggest that the race for the US Presidential Election 2024 is still very close. It is evident by the fact that in RealClearPolitics' report, Harris was leading Trump by just 0.2 %, while according to FiveThirtyEight, she has a lead of only 2%.
Union Finance Minister Nirmala Sitharaman revealed in the Rajya Sabha that a letter from Transport Minister Nitin Gadkari, which requested the removal of the 18% GST on health and life insurance, was released publicly without his permission. Sitharaman criticized the opposition for using this unauthorized disclosure to push their agenda.
A private complaint was filed by a Mysuru-based RTI activist against Chief Minister Siddaramaiah concerning allegations of unlawful site allotment by the Mysore Urban Development Authority. The case has gone to court for document verification and is slated for a hearing on Friday. Siddaramaiah is accused of accepting plots in exchange for giving up a land claim.
"The revised bonus cap will not alter the way Barclays sets its incentive pool, which is based on overall Group performance," a spokesperson for the bank, who confirmed the contents of the memo, said.
Union Minister Ramdas Athawale hinted at the potential restoration of Jammu and Kashmir's statehood with assembly elections possibly in October. He urged people to vote in large numbers and noted significant progress in the region. Athawale reiterated Home Minister Amit Shah's promise on statehood restoration made during the Article 370 abrogation.
"Our overall performance in the first quarter has been robust. We have reached a new milestone of Rs 1,000 crore in quarterly sales for the first time during any quarter, with improvement across all parameters - revenue, gross profit, operating profit and operating profit margin," CEO and Wholetime Director Nikhil Chopra stated.
Buddhadeb Bhattacharjee, who died at the age of 80, was a prominent CPI(M) leader and twice the chief minister of West Bengal. He attempted to industrialize the state through private investment, resulting in varied outcomes. His tenure saw both high expectations and political upheaval, culminating in the end of the 34-year Left regime.
