The Border Security Force enhanced security along the Punjab-Jammu border due to increased terrorist incidents in Jammu. Additional troops and CCTVs were deployed. Authorities noted a shift in narcotics smuggling via drones. The BSF seized significant quantities of drugs and weapons and remains vigilant to counter ongoing threats.
Italian luxury automaker Automobili Lamborghini is eyeing India's new hybrid vehicle policy to boost its growth prospects in the country. Following the launch of its plug-in hybrid Urus SUV priced at Rs 4.57 crore, Lamborghini plans to introduce more hybrid models. The company anticipates continued growth in India, bolstered by the nation's emerging hybrid policies and rapid economic expansion.
Several countries, including South Korea, the Republic of the Congo, North Korea, Bahrain, and Liechtenstein, celebrate their Independence or National Day on August 15, marking significant historical milestones.
Mamaearth Q1 Results: Parent company Honasa Consumer reported a consolidated net profit increase of 63% to Rs 40 crore for the April-June 2024 quarter. Revenue from operations rose by 19% to Rs 554 crore. The product business grew by 20.3% with an EBITDA margin expansion of 201 bps to 8.3%.
Godrej Properties secured two land parcels, totaling 17.5 acres, in Greater Noida for Rs 842 crore. The company aims to generate over Rs 5,000 crore in revenue from these new residential projects. Located in prime sectors, the development potential is approximately 3.75 million square feet. CEO Gaurav Pandey emphasised confidence in meeting high market demand.
Political unrest in Bangladesh is disrupting Delhi's auto parts trade, impacting markets like Kashmere Gate and Karol Bagh. Concerns over payment issues for goods already dispatched or in transit are causing uncertainty. The Chamber of Trade and Industry reported that Rs 1,000 crore worth of auto parts are exported monthly, but the ongoing crisis threatens trade stability.
The Nifty Pharma index closed 0.43 per cent up at 22209.55.
The clarification of the home ministry came after many applicants seeking Indian nationality under the Citizenship (Amendment) Act, 2019 were reported to be facing difficulties due to a particular clause of the Citizenship (Amendment) Rules, 2024.
The Court of Arbitration for Sports will issue a decision on Indian wrestler Vinesh Phogat's appeal before the Paris Olympics conclude. Phogat challenged her disqualification from the Women's Freestyle 50Kg competition, which occurred because she exceeded the weight limit by 100 grams. Her disqualification resulted in the forfeiture of her silver medal.
India, the world's second-biggest producer of crude steel, in April proposed a country-specific import quota to cap annual imports of low ash metallurgical coke, also known as met coke, at 2.85 million metric tons for one year. The aim is to protect the country's local producers, which have complained about rising imports.
Nadeem, who is the 2022 Commonwealth champion and finished fifth at the Tokyo Olympics, as well as a silver medallist at last year’s Budapest World Championships, emphasised the significance of this win for Pakistan. He stated, "This result is very important for Pakistan because I have worked very hard over the years for this."
The Supreme Court underscored the principle that bail should be the norm, not jail, criticizing lower courts for their cautious stance. Granting bail to AAP's Manish Sisodia, awaiting trial for 17 months in Delhi excise policy cases, the apex court highlighted his fundamental right to liberty amidst protracted judicial processes with extensive documentation and witnesses.
In a major policy shift, the Indian government has waived local clinical trial requirements for drugs and vaccines approved by major international regulators (US, UK, Japan, Australia, Canada, EU). This move, aimed at expediting access to advanced therapies like CAR T-cell therapy and Sacituzumab govitecan, still ensures post-marketing surveillance by the CDSCO.
The company's total revenues rose to Rs 324.2 crore, up 52 per cent from Rs 212.2 crore in the year-ago quarter.The railways and power cables contributed 37.5 per cent and 19.9 per cent respectively to the revenues
Chief Election Commissioner Rajiv Kumar assured that elections in Jammu and Kashmir would be held as soon as possible, despite potential disruptions. During a three-day visit to assess preparations, Kumar noted strong support from local parties for the polls. The Supreme Court has mandated that elections conclude by September 30, 2024.
NPA is at a record low level. So, all in all, the delta in data that we have seen from the start of this year have largely been revised positively, the macro factors and if you remember we started this year with a lot of election related uncertainty and monsoon related uncertainty.
A proposed Iraqi bill aimed at lowering the legal marriage age for girls to 9 has ignited widespread opposition. Critics state it would increase child marriage and exploitation while undermining women's rights. Human rights organizations warn it threatens girls' education and well-being, calling it a step backward for the country.
Info Edge, the parent firm of Naukri, recorded an 8% YoY growth in operating revenue, reaching Rs 677 crore for the quarter that ended in June 2024. Net profit increased to Rs 259 crore. Recruitment solutions saw a 5% rise, while Jeevansathi neared breakeven. The company had a cash balance of Rs 4,255 crore as of June 30, 2024.
India has established a Committee to monitor the Indo-Bangladesh border amid unrest and law and order upheaval in Bangladesh. The committee will maintain communication with Bangladeshi authorities to ensure safety for Indian citizens and minority communities. The committee will be headed by ADG, Border Security Force, Eastern Command, and will include members from various organizations.
Prateek Agrawal, MD & CEO of Motilal Oswal Asset Management, observed a rise in sector and thematic fund inflows, shifting focus away from mid and smallcap funds. He suggested that fund performance drives investor interest. Agrawal also noted that domestic investor behavior is becoming more structural and persistent in the long term, despite recent shifts.
The Lok Sabha formed a 21-member committee to examine the Waqf (Amendment) Bill, with an additional 10 members from the Rajya Sabha. Initiated after a heated debate, the bill aims to avoid interfering with mosques. The committee will report its findings by the next Parliament session’s first week. The opposition claims it targets Muslims and the Constitution.
The Union Minister of State for Law Arjun Ram Meghwal asked the opposition to stop misleading society about a Supreme Court judge's remarks on creamy layer exclusion from SC/ST reservations. Meghwal was replying to supplementaries during the Question Hour in the Lok Sabha when Shiv Sena-UBT member Bhausaheb Wakchaure raised the issue of the Supreme Court judgment on creamy layer in SC/ST quotas.
Maurya has moved the top court against an order of the Lucknow bench of the Allahabad High Court which refused to quash criminal proceedings against him in a case filed by one Deepak Kumar Swarnkar, who claimed to be Sanghmitra's husband.
Ricky Ponting is eager to explore new coaching roles in the IPL after stepping down as head coach of Delhi Capitals. He indicated that an Indian coach might replace him due to availability concerns. Ponting ruled out coaching international teams, focusing instead on potential IPL opportunities while balancing TV commitments and family time.
