The currency had touched a two-week high of 83.7550 in the previous session, but pulled back as importers bought dollars, traders said.
The article focused on three notable cryptocurrencies gaining momentum in their presale stages: Pepe Unchained, Crypto All-Stars, and PlayDoge. Pepe Unchained aims to improve meme coin transactions, Crypto All-Stars introduces a unique staking platform, and PlayDoge combines gaming with cryptocurrency rewards. Each project exhibits strong investor interest and growth potential.
Chiratae Ventures has unveiled the third group of startups to be honed via its flagship seed investment programme on Wednesday. In the last two editions of Sonic, Chiratae Ventures invested around $25 million in 20 companies at the seed and pre-Series A stages.
TOTO, the sanitaryware manufacturer from Japan, planned to strengthen its foothold in India's Tier-II and Tier-III cities. Taking advantage of increasing urbanisation and higher disposable incomes, TOTO India aimed to add 40 new channel partners in 2024 and broaden its product offerings to cater to diverse preferences, according to Managing Director Shiozawa Kazuyuki.
Chief Minister Sukhvinder Singh Sukhu expressed confidence that Himachal Pradesh's economy will stabilize in six months, enabling additional arrears and dearness allowances. Addressing financial challenges, he outlined expenditure priorities and new educational and rehabilitation initiatives. The state aims to manage subsidies on electricity and water, ensuring support for the needy.
Overleveraging in microfinance has resurfaced despite RBI's regulations from two years ago. Issues include unreliable household income measurement and over-reporting by field officers. Industry bodies are pushing for stricter loan exposure limits. Increased delinquency rates have led lenders to take tighter measures for new-to-credit customers, aiming to mitigate emerging credit risks.
Rupesh D Sankhe from Elara Capital favored CESC and NTPC as top picks in the power utility sector. CESC, with significant renewable energy plans, is trading at a 60% discount. NTPC’s potential future value lies in its renewable IPO and thermal projects. Hydro companies NHPC and SJVN also have strong project pipelines offering substantial growth prospects.
The Department of Pharmaceuticals will launch a new scheme within a month to strengthen the domestic medical device industry, according to Secretary Arunish Chawla. The initiative, developed after extensive consultations, aims to reduce import reliance and promote self-reliance. The scheme has secured in-principle approval from the Finance Ministry.
In Q1FY25, India's FMCG sector saw significant growth, led by a strong recovery in rural demand. Companies faced headwinds like competitive intensity and rising raw material prices but managed to post revenue gains. Strategic rural distribution and marketing investments are expected to drive future success.
The presale for PlayDoge ($PLAY) successfully crossed the $6 million mark, appealing to gamers and investors alike. Featuring a Doge pet in a Tamagotchi-like game, players earn $PLAY tokens through gameplay. The project also offers a staking system, making it attractive for long-term investment. The presale concludes on August 26th.
During the Bharat Bandh, Patna Police resorted to lathi charges and water cannons against Bhim Army members. Protests spread across multiple Bihar districts against a Supreme Court ruling on quota classification. Demonstrators blocked train services and highways, calling for quotas to be secured in the 9th Schedule of the Constitution.
A former deputy superintendent has requested an ED investigation into alleged financial irregularities by ex-principal Sandip Ghosh at RG Kar Medical College. The Calcutta High Court approved the petition. Concurrently, a state-formed SIT and the CBI are probing financial discrepancies and the suspicious death of a woman doctor at the institution.
The non-institutional investor category has been subscribed nearly 90 times so far, while the retail investor segment saw 14.27 times subscription. Meanwhile, the portion reserved for Qualified Institutional Buyers (QIBs) has been subscribed 12.74 times.
Each meal serves a different purpose and offers unique benefits, making it essential to understand their roles in your daily nutrition.
The Chhattisgarh high court recognized a 29-year-old man born to an unmarried woman as a legitimate son, entitling him to benefits from his biological father. This overturned a lower court decision that dismissed his claims. The court highlighted that children could seek such relief regardless of time limits, calling the previous judgment legally flawed.
Indian GCCs have been expanding into cities like Ahmedabad, Pune, and Coimbatore, with a 26% increase in their talent pool to 71,000 in recent years. Lower operating costs, skilled professionals, and improved work-life balance have driven this shift. IT services giants like Infosys and TCS are key players in strengthening these ecosystems.
Hezbollah launched over 50 rockets at Israeli-annexed Golan Heights, damaging homes, in retaliation for an Israeli strike in Lebanon. Amid daily skirmishes with Hezbollah, Israel diverted its military efforts from Gaza to its northern border. The conflict has resulted in significant casualties on both sides, including civilians.
The Union Budget 2024 earmarked ₹3 trillion to empower Indian women, focusing on skill development, entrepreneurship, and infrastructure solutions. The funds sought to remove barriers to female workforce participation in traditionally male industries. By improving childcare facilities and housing options, the initiative aimed to create a more inclusive economy with women playing key roles.
According to JM Financial, Kotak Mahindra Bank's stock is expected to outperform the Nifty50 index. The stock shows signs of upward movement with 50-day, 100-day, and 200-day averages trading in a narrow range. Futures open interest declined by 5%, indicating no short accumulation.
India has allowed the export of 200,000 tonnes of non-basmati white rice to Malaysia as per an August 20 notification, coinciding with the Malaysian Prime Minister's visit. Initially banned in July 2023, exports have now started to various countries under set conditions to address their food security needs.
India has been a net importer of steel during April to July of the current fiscal year, importing 2.69 million tons, primarily from China. Meanwhile, exports totaled 1.57 million tons. The increasing imports have driven down steel prices to their lowest in more than three years. Major steel companies have expressed concerns over rising imports.
Mango Millionaire simplifies financial concepts, offering clear and practical answers to your everyday money concerns. Covering topics from personal finance and investing to debt management, financial risk, and taxes, this book breaks down complex ideas into easy-to-read, bite-sized chapters with actionable steps for readers to implement in their own lives, as highlighted in a press release by Edelweiss Mutual Fund.
To improve services at Connaught Place's Hanuman Mandir, NDMC and Union minister Piyush Goyal announced 15 enhancements. Initiatives include improved cleaning, lighting, and potential battery-operated carts. Staff numbers were increased, and efforts will focus on better queue management and overall visitor experience, especially on busy days like Tuesdays and Saturdays.
Robert Downey Jr. discussed his return to the Marvel Cinematic Universe as Doctor Doom, revealing Kevin Feige's persuasion and approval from Disney CEO Bob Iger. Downey and Feige's visit to the Imagineering Campus solidified the plan. Downey's dramatic reveal took place at San Diego Comic Con, signaling his MCU comeback.
