The concept of "present value" is rooted in the idea that money's worth changes over time. Essentially, a rupee today is worth more than a rupee tomorrow. This is because money can be invested and earn interest, making it more valuable in the present. Factors like interest rates and people's outlook on the future influence how we perceive the value of money at different points in time.
Tanvi Patri, the number one junior shuttler from India, triumphed over Kungkaew Kakanik of Thailand to enter the finals of the U-15 girls singles at the Badminton Asia U-17 & U-15 championships in China. Patri won 21-19, 21-10 and will compete against Nguyen Thi Thu Huygen of Vietnam in the final.
A bill aimed at regulating powerful artificial intelligence models is under consideration in California's legislature, despite outcry that it could kill the technology it seeks to control. At least 40 states have introduced bills this year to regulate AI, and a half dozen have adopted resolutions or enacted legislation aimed at the technology, according to The National Conference of State Legislatures.
Maharashtra CM Ekanth Shinde said that the Majhi Ladki Bahin Yojana, offering Rs 1,500 monthly aid to women, has unsettled the opposition. He urged women to support Mahayuti for potential increase to Rs 4,000. Allegations of corruption against the opposition and mentions of the Badlapur assault case also featured in his speech.
“What seems to be deviating right now is the trajectory of valuations and the growth of the economy. Valuations in a lot of businesses are running ahead of time – the expectations are building up significantly. In situations like this, what is not factored into this scenario is an external event which could derail executions. Investors need to balance this view before taking any view of incremental investments.”
An antique Kaliya Krishna bronze idol, smuggled out of India, has been returned after its recovery in Bangkok. The Archaeological Survey of India now holds the idol. This repatriation underscores challenges in investigating idol thefts, urging a broader probe into the Latchford collection in Bangkok. The deceased smuggler’s daughter acknowledged the idol was trafficked, leading to its return.
In addition to new IPOs, the market anticipates eight listings, including Orient Technologies and Interarch Building Products. Experts attribute the robust IPO market to India's favourable macro environment, which has boosted investor confidence.
Manish Narwal expressed confidence that the Indian shooting team will surpass their Tokyo Paralympics medal tally at the Paris Games. With intense training, Narwal, Avani Lekhara, Mona Agarwal and other shooters aim to bring home more medals. India had won a total of five medals in the Tokyo Paralympics.
Aeron Composite Ltd has set the price for its SME IPO between Rs 121-125 per share, with subscriptions open from August 28 to 30. The IPO, targeting up to Rs 56.10 crore, will fund a new manufacturing unit in Gujarat and other corporate needs. It is listed on NSE Emerge. Hem Securities Ltd manages the issue.
During the first two weeks of August, foreign institutional investors withdrew a substantial Rs 14,790 crore from financial stocks and expressed a bearish sentiment towards metals, services, construction, and auto sectors. Conversely, FIIs demonstrated a bullish approach by investing in healthcare (Rs 3,462 crore), consumer services (Rs 2,196 crore), FMCG (Rs 1,785 crore), and power (Rs 1,169 crore).
Prime Minister Benjamin Netanyahu opposed Israeli negotiators' offers to relinquish control of the Philadelphi Corridor in Gaza, aimed at preventing Hamas smuggling. Under U.S. pressure for peace, Netanyahu faced criticism from both families of hostages and members of his negotiating team for insisting on maintaining control despite calls for more flexibility.
Sukant Kadam, once hampered by a severe knee injury, converted his passion for badminton into a career after earning a mechanical engineering degree. Having won multiple bronze medals, Kadam now prepares for his Paralympic debut in Paris, emphasizing mental strength and rigorous preparation to aim for a gold medal for India.
Coconut water can be a nutritious, refreshing drink but should be consumed in moderation to avoid potential side effects.
A Delhi court has postponed its order to September 7 regarding the supplementary ED charge sheet against former Railway Minister Lalu Prasad, his son Tejashwi Yadav, and eight others in the alleged land-for-job scam. The charge sheet relates to Group-D appointments in the West Central Zone of the railways during Lalu Yadav's ministerial tenure.
Africa was expected to receive its first 10,000 mpox vaccines, highlighting a slow global response compared to other regions. The WHO began the approval process only recently, hindering access for low-income countries. The U.S. donated the initial vaccine batch, as Africa struggled with the virus long before the new strain caused worldwide alarm.
Prime Minister Narendra Modi engaged with Lakhpati Didis in Jalgaon, awarding 11 lakh new members and releasing Rs 2,500 crore in funds. He also disbursed Rs 5,000 crore in loans for Self-Help Groups. Later, Modi attended the concluding ceremony of the Rajasthan High Court's Platinum Jubilee in Jodhpur and inaugurated a new museum.
The International Council on Clean Transportation reported that Indian vehicles, including those compliant with BS VI norms, emit more pollutants in real life than in controlled environments. The study used remote sensing technology to measure emissions, highlighting significant gaps in the Pollution Under Control certification process and suggesting improvements like remote sensing to better assess vehicle emissions.
A 12-year-old boy from Mumbai named Sandeep went missing in January and was later found dead in March. Bipul Shikari, a convict released on parole who had a history of crime, was identified as the suspect. After a coordinated police effort, Shikari was arrested in Delhi. Sandeep’s family, deeply affected by his loss, had sought help from authorities and searched extensively during his disappearance.
UP RERA has directed buyers to file claims with the Insolvency Resolution Professional (IRP) following insolvency proceedings against five builders. Complaints and existing orders against firms like Supertech Township Projects Ltd. and Ajnara Realtech Ltd. are on hold. Buyers should act quickly to file claims to prevent financial losses.
The consistent performance indicates higher investor interest in these stocks.
It's expected to launch August 27, 2024, and feature a crew of four: the mission's commander, Jared Isaacman; Scott Poteet, a 20-year Air Force veteran pilot; and SpaceX employees Anna Menon and Sarah Gillis. Launching on a Falcon 9 rocket, they will travel in a SpaceX Dragon capsule named Resilience.
FMCG distributors in India have urged government scrutiny of quick commerce platforms, citing threats to small retailers and potential FDI violations. Their letter to Commerce Minister Piyush Goyal sought an immediate investigation into these platforms' operational models and protective measures for traditional distributors. The rapid expansion of platforms like Blinkit, Zepto, and Instamart was highlighted.
