Disney and Reliance have proposed concessions to India's antitrust authority to gain approval for their $8.5 billion media merger but refuse to sell any cricket broadcast rights, the deal's most valuable asset. In response to the Competition Commission of India's (CCI) concerns about market dominance, the companies agreed not to unreasonably increase ad rates for cricket matches. The CCI is now reviewing the concessions, with a broader investigation possible if concerns persist.
RBI's Monetary Policy Committee member Prof. Jayant Varma voiced concern at the August meeting over the restrictive monetary policy's negative impact on India's economic growth. Despite his vote for a repo rate cut, the committee kept the policy rate at 6.50%. Varma believes this stance overlooks the economy's true growth potential.
Madhapur, located on the outskirts of Bhuj in Gujarat, is known as 'Asia's richest village.' The village, with a population of 32,000, has residents holding fixed deposits worth Rs 7,000 crore. This prosperity is largely due to the contributions of NRI families, primarily involved in the construction business abroad, who deposit significant amounts in local banks annually. The village benefits from robust infrastructure and a strong economy, reflecting the commitment of its expatriate community.
"What the country always desires is fair play, is honesty'¦ for the customer, honesty to the supplier of goods and services and to ensure that other people also have a fair chance to compete against such online business," the Union minister, a member of Parliament from the Mumbai North constituency, said.
In July 2024, private banks reigned supreme in mutual fund portfolios, claiming the largest share at 16.1%. Following closely were technology (8.9%), auto (8.7%), capital goods (7.9%), and healthcare (7.2%).
Indian para shuttler Krishna Nagar prepares to defend his Tokyo Paralympics gold at the Paris Games. Overcoming early life bullying, financial struggles, and his mother's loss, Krishna aims to stay calm and adapt his play style. His Tokyo success brought recognition to para badminton in India.
The Indian paralympic contingent, including star javelin thrower Sumit Antil, has left for Paris to compete in the Paralympics. The team aims for at least five gold and a total of 12 medals. India had an impressive run at the 2024 World Para Athletics Championships, boosting hopes for a successful Paralympics. The Opening Ceremony is slated for August 28.
Makhana, also known as fox nuts or lotus seeds, is packed with essential minerals and vitamins. It can play a significant role in supporting bone health.
The Reserve Bank of India’s latest Monetary Policy Committee meeting minutes revealed that headline inflation rose to 5.1% in June, driven by food prices. Although future inflation might be lower due to the base effect, persistent food inflation remains a concern. The RBI has kept the repo rate unchanged at 6.5% to monitor these economic conditions.
IndoSpace, backed by Everstone Group, is set to invest over Rs 580 crore in developing two new logistic parks across 76 acres in Karnataka. This is part of a larger Rs 3,000 crore commitment to the state under a 2022 MoU. The parks, focused on industries like automobiles and electronics, will offer 1.8 million sq ft of development potential. IndoSpace currently operates three parks in Karnataka and has 52 nationwide, reflecting strong demand in the logistics sector.
Janmashtami 2024 Date and Time: Janmashtami celebrates the birth of Lord Krishna, an incarnation of Lord Vishnu, on the eighth day of Bhadrapada. Devotees observe the festival with fasting, prayers, and events like 'Dahi Handi.' Celebrated across India with great enthusiasm, Janmashtami marks the triumph of good over evil. This year, it falls on August 26 and 27.
New RBI rule: The Reserve Bank of India (RBI) has stated that there won't be pre-debit notifications for auto-replenishment of FASTag and NCMC when the balance falls below the set limit.
Zerodha has launched a privacy mode on its website to secure users' sensitive information and P&L details. This feature aims to prevent overtrading by reducing distractions from real-time P&L changes. It also includes a Kill Switch and virtual contract notes to promote mindful trading.
Kamala Harris, of Jamaican and Indian descent, reflects the U.S.'s changing demographics as she accepts the Democratic Party's presidential nomination. The multiracial population has grown to 13% from 2% in 2000, and Harris represents this trend. Her background enhances her ability to legislate and advocate for a diverse America.
With over two decades of success and experience in the Indian entertainment industry and leveraging Hakuhodo’s global creative prowess and distribution network, Trigger Happy Studios is now focused on producing and distributing feature films and international co-productions that push the boundaries of storytelling.
Pomegranates help with anemia due to their high iron content and vitamins C and A, which boost hemoglobin production. They also contain folate and vitamin K, which support anemia management.
Doctors from AIIMS, RDA, IGH, and RML have ended their 11-day strike protesting the rape and murder of a Kolkata doctor. The Supreme Court's appeal and assurances assured no adverse actions against them. Emergency services continued during the strike, but routine OPD services were halted. The medical community pushed for better safety and security measures following the incident.
The Nifty Realty index closed 0.47 per cent up at 1043.45.
Alkem Laboratories has announced a partnership through its subsidiary, Alkem MedTech, with US-based Exactech Inc to manufacture and market large joint implants in India. The deal grants Alkem MedTech marketing rights for Exactech's implant brands, including Truliant, Optetrak, and Logic Fit.
September is a great time to explore India as the monsoon season starts to recede, leaving behind lush landscapes and cooler temperatures. Here are some of the best places to visit in September in India:
Central bankers from around the world gather this week in Jackson Hole, Wyoming, for the Kansas City Federal Reserve’s annual symposium. Attendees include top monetary policymakers, economists, and officials. The event draws significant investor attention with speeches and discussions focused on monetary policy, featuring a highly anticipated address by Fed Chair Jerome Powell on Friday.
Warburg Pincus exited Kalyan Jewellers on Thursday, selling a 2.36% stake to promoter T S Kalyanaraman and 6.81% via a block deal. Warburg Pincus had reduced its holding from 30% since 2014 as part of a strategic divestment.
The Nifty Bank index closed 0.59 per cent up at 50985.7.
The FSSAI has mandated food businesses and e-commerce platforms to remove 'A1' and 'A2' milk product labels, terming them misleading and non-compliant. Companies have six months to comply. This move is welcomed by Parag Milk Foods' Chairman, who called the differentiation a marketing gimmick and emphasized clearer consumer information.
