India has increased vigilance following the WHO's highest-level alert on monkeypox. Steps include airport and seaport health screenings, and readiness of testing laboratories and healthcare facilities. The virulent Clade 1b strain is a major concern. Experts say that while cases exist, effective public health measures can prevent a widespread outbreak in India.
Tata Mutual Fund has launched the Tata Nifty200 Alpha 30 Index Fund, an open-ended scheme replicating the Nifty200 Alpha 30 Index (TRI). This fund tracks the top 30 companies in the Nifty200 Index, adjusting to market trends and focusing on high-alpha performers.
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On Tuesday, Bitcoin and Ether prices surged up to 4% amid hopes for rate cuts from the Federal Reserve. Investors eagerly awaited insights from the Fed's July meeting minutes and Jerome Powell’s speech at the Jackson Hole Symposium.
Three Bangladeshi nationals were apprehended by Assam Police after illegally entering India, Chief Minister Himanta Biswa Sarma announced on Tuesday. The individuals, hailing from Bangladesh's Rajshahi district, were caught while attempting to cross into Assam from Tripura, with plans to travel to Chennai for work. One of the men was found with an Aadhaar card and had previously entered India. All three were handed back to Bangladeshi authorities. Additionally, a Bangladeshi woman was detained in... Читать дальше...
Mynd IFSC Pvt Ltd has secured approval from IFSCA to launch its ITFS platform, named M1NXT. The platform is aimed at addressing the working capital needs of exporters and importers.
Sapphire Foods saw a 4.4% rise in share prices after announcing a 1:5 stock split with September 5, 2024, as the record date. Each Rs 10 share will be divided into five Rs 2 shares to increase market liquidity and attract more retail investors. This is the company's first stock split.
FPIs have turned to the primary market, investing $6.4 billion in Indian equities via IPOs and QIBs up to August 19, 2024, amid high secondary market valuations. They have been net buyers in the primary market for 11 consecutive months but net sellers in the secondary market during seven of the past twelve months.
Food Minister Pralhad Joshi launched a pilot project to turn 60 Fair Price Shops into 'Jan Poshan Kendras' in UP, Gujarat, Rajasthan, and Telangana. The shops can now stock various essential items, potentially increasing revenue. The initiative includes enhanced credit facilities, training, and partnerships. Success could transform the entire ration shop network nationwide.
Vinayak Bhat has been appointed as chief product officer at Ultraviolette, an electric vehicle and battery technology firm. He previously held the positions of technical director and principal engineer. Bhat's role will involve expanding the product portfolio and he played a key part in the F77 and F77 Mach 2 launches. His career commenced at ISRO in 2013.
The committee convened a significant meeting today at Janata Bhawan, with the presence of Housing and Urban Affairs and Irrigation Minister Ashok Singhal, Revenue and Disaster Management Minister Jogen Mohan and several MLAs.
Hyderabad has become a major player in India's real estate market, accounting for 21% of the total Global Capability Centre leasing. The city recorded 4.4 million square feet in office space leasing in January 2024. Sectors such as IT, biotechnology, and pharmaceuticals are primary drivers, cementing Hyderabad's status as a global business hub.
Under the Income-Tax Act, gifts exceeding Rs 50,000 are generally taxed as 'income from other sources' at the applicable slab rate, in the hands of the recipient. However, there are several exemptions that do exist: Gifts received from relatives, on the occasion of marriage, or through a will or inheritance are not taxed.
If you compare FY24, Raymond, the lifestyle piece was about 3450 crore top line, whereas Vedant was about 1368 crore top line. And of course, the EBITDA margins were about 20.9% for Raymond's branded lifestyle piece and do not forget that Vedant, you get, say, about 37-time EBITDA multiple as far as valuation is concerned and it is kind of expanding further. Under the circumstances, I think Raymond Lifestyle will be a stock to really-really watch out for.
A WHO official stated that mpox, irrespective of the strain, is manageable and not comparable to COVID-19. Hans Kluge urged collaborative efforts to control and eliminate mpox globally, citing the new clade 1b strain's easier transmission. Europe records about 100 new cases of the less severe clade 2 strain monthly.
Professionals need to take proactive steps in response to technological changes in the workplace. Jaideep Kewalramani advised on driving digital projects, cross-functional collaboration, personal branding, ESG advocacy, and lifelong learning. These actions align personal and organizational goals, enhancing both career advancement and company success.
The NCDs have a fixed rate coupon of 7.81 per cent and have been issued based on multiple yield allotment method. The NCDs will be listed on the Debt Segment of National Stock Exchange of India Limited (NSE), the filing said.
Badlapur School Case: Maharashtra's response to the sexual assault at a Badlapur school includes forming an SIT and proposing a fast-track court trial. Education Minister Deepak Kesarkar announced strengthened safety measures, including mandatory operational CCTV cameras and the creation of Vishaka Committees in schools. The implicated school faces severe sanctions, and regional train services have been disrupted due to the incident.
Kerala's government initiated a space audit in medical colleges for employee safety after protests against a doctor's rape and murder in Kolkata. Health Minister Veena George mandated security measures like mock drills, CCTV installation, and the Code Gray protocol. Additional steps were also taken to ensure safety for women employees and protect against stray dogs.
The Tata Institute of Social Sciences has banned the Progressive Students’ Forum, labeling it divisive and illegal. The group, active since 2012, termed the move undemocratic. The institute warned of disciplinary action against those supporting the forum, alleging it disrupted functions and caused divisions within the community.
The Congress claimed the Centre withdrew its advertisement for lateral entry in bureaucracy following criticism from Opposition leaders. Union Minister Jitendra Singh requested the UPSC to cancel the ad for representation of marginalized groups. The August 17 notification had raised concerns about reservation rights, prompting political backlash.
Satheesh KV has been appointed chief people officer at Acko. He will drive the company's people strategy and culture. Bringing two decades of HR experience, including roles at Flipkart and Intel, he aims to support Acko's growth and innovation.
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"Interestingly, since WB (West Bengal) has been collecting mining tax all these years, it's the only state that is deprived of enhanced royalty rate that was allowed in 1991. That's as clear a precedent as one needs. Therefore, net impact to companies from prospective dues would most likely be minimal," Ambit Capital said.
