At the CII India Africa Business Conclave, Commerce secretary Sunil Barthwal said that the African Continental Free Trade Area (AfCFTA) has identified four potential sectors - automobiles, agriculture and agro-processing, pharmaceutical and transportation and logistics- where the two sides can collaborate.
"On the daily chart, Nifty continues to move towards the upper Bollinger band. Additionally, the index has been sustaining above the critical near-term moving average. Sentiment may continue to favor the bulls as long as it remains above 24,650. On the other hand, the current rise might extend towards 25,000 in the near term," said Rupak De of LKP Securities.
The Open Network for Digital Commerce (ONDC) is launching insurance, mutual fund products, and unsecured digital loans. Partnering with MasterCard for credit card offerings, ONDC aims to provide accessible credit solutions. Since its inception, ONDC has processed over 68 million transactions, promoting financial inclusion and democratizing digital commerce in India.
India is considering allowing certain foreign investors to raise capital in rupees for investments in select countries, aiming to boost the global use of the Indian currency. This comes after Finance Minister Nirmala Sitharaman's July announcement to simplify foreign direct investment and overseas investment rules. The move targets nations of strategic interest to India, enabling capital raising in rupees. Legislative amendments to the Foreign Exchange Management Act will be required for implementation. Читать дальше...
The Karnataka Cabinet has decided to advise Governor Thawarchand Gehlot to permit the prosecution of Union Heavy Industries Minister HD Kumaraswamy and former BJP ministers Shashikala Jolle, Murugesh Nirani, and G Janardhana Reddy. This follows a request from the Lokayukta's special investigation team for permission to file chargesheets against them regarding corruption allegations, including a mining lease renewal case. The decision aims to ensure a fair process and counter accusations of bias.... Читать дальше...
The AIMPLB president revealed that political leaders including Chandrababu Naidu and Nitish Kumar assured support against the Waqf (Amendment) Bill. Muslim organizations threaten nationwide protests and legal action if the bill is not withdrawn, criticizing it for violating constitutional rights and targeting Waqf properties.
Indian equity markets rose on Thursday, buoyed by US Fed minutes suggesting a possible rate cut next month. The S&P BSE Sensex gained 0.18% to 81,053, and the NSE Nifty50 closed above 24,800, with positive short-term momentum.
Robert F. Kennedy Jr. has become a pivotal figure in the US Presidential election 2024 race. Is he really important for both nominees -- Donald Trump and Kamala Harris?
First Lady Jill Biden drew attention with her chic ensemble, which included a striking pair of pointed heels, at the Chicago Democratic National Convention in 2024. Her refined style was emphasized by her uniform wardrobe and simple accessories.
As outlined in the bankers' term sheet, the Bangas intend to sell 4.09 crore shares at a floor price of Rs 198 per share, representing a 5.9% discount to Thursday’s closing price of Rs 210.
In the residential and plot development segment, M3M reported sales of Rs 2028 crore in Gurugram, Panipat and Noida region during the first quarter of FY 2023-24. Its sales during the first quarter of FY 2024-25 increased by 46% increase to Rs 2971 crore. M3M generated Rs 826 crore from its commercial segment during Q1FY 2023-24, which increased to Rs 940 crore this year.
Game Science, a Tencent-backed startup, made a video game called Wukong. The majority of Chinese games are played on smartphones and PCs, but the original release of Wukong was exclusive to the Sony PlayStation 5 and PCs.
Dabur India Limited signed an MoU with the Government of Tamil Nadu to establish a consumer goods manufacturing facility. The initial phase-1 investment is Rs 135 crore, with plans to increase to Rs 400 crore over five years. This initiative aims to meet demand in South India, create jobs, and boost economic development.
An ICMR-led study has found that unemployed adults in India have a significantly higher risk of developing heart disease over the next decade. The research analyzed nearly 4,500 adults aged 40-69 years, showing that men and urban residents have higher risks. High blood sugar and obesity also contribute to increased cardiovascular risks.
The Supreme Court heard the case of a Kolkata doctor's rape and murder. Solicitor General Tushar Mehta criticized the West Bengal government's approach. The postmortem was done before the case was filed as unnatural death. An officer from Kolkata Police has been summoned to provide the precise moment the report was submitted.
The Adani Group plans to sell a 2.84% stake in Ambuja Cements through a block deal, aiming to raise Rs 4,200 crore. Holderind Investments, an Adani Group entity, will sell nearly 70 million shares at Rs 600 per share, a 5% discount to the recent closing price.
Short covering signals a shift from extreme bearishness to bullishness.
Sanjay Roy has been arrested for the rape and murder of a doctor at RG Kar Medical College. A psychoanalytic profile indicates he is a pervert addicted to pornography. Technical evidence supports his presence during the crime, and Roy narrated events without remorse. The CBI leads the investigation.
Naidu told reporters that some states, including Andhra Pradesh and Maharashtra, have expressed interest to participate in seaplane operations. Demo flights of seaplanes will be done in October starting with Vijayawada, he said. The seaplane operations are being promoted under the regional air connectivity scheme UDAN (Ude Desh ka Aam Nagrik).
As per the provisional payroll data, released by the ministry of labour and employment on Thursday, month-on-month the formal jobs created under ESIC were 6% lower when compared to 2.30 million formal jobs created in May 2024.
In the Statement of Objects and Reasons, Sarma said that a substantial number of people living in the Barak valley and other parts of the state speak Manipuri language and there have been persistent demands to officially recognise their language.
Barack Obama's recent hand gesture during his Democratic National Convention 2024 address has drawn a fair share of controversy and now his speechwriters have come out to share the actual secret behind this small incident, which was hysterically laughed about by the audience present.
The Supreme Court has revised the Rs 10 lakh surety condition for activist Teesta Setalvad's travel to Malaysia, allowing alternatives like cash or a fixed deposit receipt. Setalvad had requested this modification, and the Gujarat government's representative did not object. She will attend a conference in Malaysia from August 31 to September 10.
Pink's performance on DNC 2024 day 4 will be live streamed. We have viewing details.
