Procreate, a leading digital illustration app, has sparked significant discussion with its firm stance against generative AI.
To boost fundraising through rights issues, Sebi has proposed removing the need for Draft Letter of Offer (DLoF) and simplifying the Letter of Offer (LoF). Feedback was sought on reducing timelines and revising intermediary roles. Major funds were raised via Qualified Institutional Placements and preferential allotments in FY24, indicating a shift in capital-raising methods.
The NSE Nifty index closed 126.2 points up at 24698.85
While seeking a response from the state government within two weeks, a bench comprising Chief Justice D Y Chandrachud and Justices JB Pardiwala and Manoj Misra said the offence was very serious in nature.
A POCSO court in Jaipur handed life sentences to six individuals involved in the infamous Ajmer sex scandal of the 1990s. Additionally, each convict was fined Rs 5 lakh. They were guilty of exploiting over 100 girls from a prestigious school by befriending, photographing, and later raping them. Some had already faced justice or were acquitted.
State Street has joined forces with Swiss firm Taurus to introduce new digital asset services. These services include converting real-world assets into tradeable tokens to cater to rising institutional demand. The service aims to assist clients in tokenizing assets and securely holding crypto assets, enhancing trading transparency and security.
Tax intimation notice under section 143(1): After the Income Tax Department has reviewed a taxpayer's income tax return, it will get in touch with the taxpayer via an Intimation under Section 143 (1). This Intimation informs the taxpayer whether their filed returns align with the tax computation conducted by the tax department.
Sanjay Singh of Aam Aadmi Party and Anup Sanda of Samajwadi Party missed their court appearance concerning a 23-year-old case. Non-bailable warrants were issued on August 13, and a bail hearing is set for August 22. The case involves a 2001 demonstration against poor power supply, leading to their conviction earlier this year.
Assistant Commandant Harish Kajla, a 35-year-old BSF officer currently on deputation with the National Security Guard (NSG), has made history by becoming the first Central Armed Police Forces (CAPF) officer to complete the Ironman challenge, one of the world's most grueling triathlon events. Held in Copenhagen, Denmark, Kajla finished the challenge—which includes 3.8 km of swimming, 180 km of cycling, and a 42.2 km marathon—in an impressive time of 12:42:25, well within the 15:45:00 cut-off for his age group. Читать дальше...
The Nifty Realty index closed 0.2 per cent up at 1052.35.
Indian Real Estate Investment Trusts (REITs) distributed more than Rs 1,371 crore among 2,45,000 unit holders in the first quarter of FY2025. Embassy Office Parks REIT was the largest distributor with Rs 530.8 crore. Collectively, since their inception five years ago, the four publicly listed REITs have disbursed over Rs 18,000 crore to unit holders.
JD Vance, co-founder of Rockbridge Network, aimed to spread Trump's nationalism via right-wing news, voter engagement, and polling. Documents disclosed Rockbridge's scale and $75 million budget for 2024, showing Silicon Valley's rising influence in conservative politics. The group comprises tech investors supporting deregulation and reduced oversight in key sectors.
The NSE Nifty index closed 126.2 points up at 24698.85
"We have initiated long-term policy reforms, particularly in the mineral sector, which have already begun benefiting the eastern states," Pradhan said.
Adani Krishnapatnam Port introduced a new cargo handling system to boost its capacity and productivity. The system, designed to enhance efficiency in managing containerised and bulk cargo, included features like automated tracking and real-time data analysis. It promised better logistics coordination, increased safety, and faster turnaround times for operations.
ITI Mutual Fund has launched ITI Large & Mid Cap Fund, an open-ended scheme investing in India's top 250 companies. It aims to deliver long-term capital growth by leveraging structural, cultural, and digital factors driving the country's urbanization, increased income levels, and higher discretionary spending.
The DPIIT circulated a note asking ministries for views on distinguishing 'Game of Skill' and 'Game of Chance' for FDI, as online gaming shows potential. India's gaming industry, with over 1,400 companies, is forecasted to double annual revenue to USD 6 billion by 2028. Prime Minister Modi called for India to dominate the gaming sector.
The Nifty Pharma index closed 0.61 per cent up at 22374.25.
The domestic blue-chip indices closed higher on Tuesday, thanks to gains in financials and information technology stocks. The Sensex rose 378 points to 80,803, and the Nifty added 126 points to finish at 24,699. However, newly listed Ola Electric Mobility ended 5.7% lower due to profit booking. Investor focus now shifts to upcoming Fed announcements.
Search operations continue for six missing individuals, including British tech entrepreneur Mike Lynch and his daughter, after their yacht sank in a storm off Sicily. The incident has claimed one life and left fifteen people rescued. The yacht, celebrating Lynch's recent legal victory, capsized swiftly after its mast broke. Key figures missing include Jonathan Bloomer of Morgan Stanley and lawyer Chris Morvillo. Rescue efforts are ongoing despite challenging conditions.
Dollar sales from at least two large U.S.-based banks, likely on behalf of custodial clients, helped the currency gain, a foreign exchange trader at a mid-sized foreign bank said.
Next month, a quarter of a percentage point policy rate reduction by the Fed is anticipated by most observers. Furthermore, officials will present revised forecasts outlining their expectations for rates and the economy for the remainder of this year and 2025.
Former minister Abdul Haq Khan has rejoined the PDP after a two-year hiatus. He had previously served in the PDP-BJP coalition as minister for rural development, panchayati raj, and law and justice. His return was marked by the visit of party chief Mehbooba Mufti to his residence due to his ill health. Khan represented Lolab constituency in 2008 and 2014.
On Tuesday, the European Commission reduced its proposed tariff on Tesla cars imported from China to 9%, down from the previously indicated 20.8%. This adjustment followed Tesla's request for recalculation based on specific subsidies received. Despite this reduction, the Commission maintained higher duties for other Chinese electric vehicles, setting final tariffs up to 36.3%, slightly lower than the provisional 37.6%. The Commission's anti-subsidy investigation found Tesla received fewer subsidies compared to other Chinese EV producers... Читать дальше...
On Tuesday, domestic blue-chip indices rose for the fourth straight session, driven by financial and IT stocks, with the Sensex up 0.47% and the Nifty 0.51%.
