Clear Bridge Ventures has acquired an IT park in Malad, Mumbai for Rs 335 crore from Property Ventures (India). The property, developed in 2002, includes a land parcel, parking slots, and over 147,000 sq ft of saleable area. This transaction highlights the growing demand for office spaces in India’s commercial hubs.
Under the new rules, the regulator has raised the median quarter sigma order size (MQSOS) over the previous six months on a rolling basis by three times to Rs 75 lakh from the existing Rs 25 lakh, citing that the average market turnover is now over 3.5 times the figure during the last review.
At a review meeting held on Friday, labour minister Mansukh Mandaviyaa directed EPFO officials to develop an efficient and time-bound digital mechanism that would regularly notify employees about the provident fund (PF) deductions made from their salaries, saying these measures are crucial for building trust between employers and employees, enhancing transparency, and improving the overall efficiency of the provident fund system in India.
The Mumbai bench of the National Company Law Tribunal has approved the merger between Star India and Reliance Industries Limited's Viacom18, post the Competition Commission of India’s conditional nod. This merger will form India's largest media entity, incorporating several TV channels and streaming platforms like JioCinema, absorbing Disney+ Hotstar.
The Poba Reserve Forest in Assam will soon be designated as a wildlife sanctuary, as announced by Environment and Forest Minister Chandra Mohan Patowary. Spanning 257.29 sq. km, the new sanctuary will include the Poba Reserve Forest, Kabu Chapri Proposed Reserve Forest, and surrounding riverine areas, aiming to conserve the region's biodiversity.
In an update from the Reserve Bank of India, both deposit and lending rates for commercial banks saw a sequential rise in July 2024. The weighted average domestic term deposit rates and lending rates increased, reflecting banks' efforts to boost deposit mobilization.
Google Pay's new UPI Circle will allow users to add family members and friends as secondary users, to make digital payments without linking their bank account. Google Pay has partnered with NPCI for UPI Circle, which allows both partial and full delegation.
The Delhi High Court has asked the Centre to respond to a plea seeking action against Patanjali’s "Divya Dant Manjan" for misbranding it as a vegetarian product despite containing fish extract. The petitioner highlighted the distress caused due to religious beliefs and urged for transparency in product labeling. The next hearing is set for November.
Jio Financial Limited is set to launch home loan products after debuting their secured lending and digital banking solutions. The company, a Reliance Industries arm, is also progressing in its joint venture with BlackRock and expanding insurance offerings. The beta JioFinance app has hit 1 million downloads.
Gold softened on Friday as the dollar and Treasury yields firmed after U.S. inflation data matched expectations, but the bullion is set for weekly and monthly gains as a September interest rate cut by the U.S. Federal Reserve remains in play.
The co-founders, both in their early 40s, estimate that the app could save teachers hundreds of hours a year spent marking, freeing up more time for teaching. They have seen their innovative app being rolled out in more than 50 secondary schools across the UK and is now attracting interest from schools and exam boards worldwide.
Top performers, such as Megan Thee Stallion, Sabrina Carpenter, and Katy Perry, will perform at the 2024 MTV VMAs. On several networks, viewers can watch live content and stream it online. The nomination process closes on August 30.
Boeing's Starliner spacecraft is set to return to Earth after multiple setbacks, including helium leaks and thruster failures. NASA astronauts Sunita Williams and Barry Wilmore, initially stranded on the International Space Station, will instead return on SpaceX's Crew Dragon capsule next year. The return mission highlights NASA's commitment to safety in space exploration.
State Bank of India (SBI) Chairman CS Setty stated that the bank will not engage in a rate war on deposits, relying instead on their strong deposit base and service quality to fund credit growth. SBI anticipates a 14% to 16% credit growth and minor adjustments in deposit rates, especially in one- to two-year buckets.
Despite the political unrest in Bangladesh, business between Assam-based Numaligarh Refinery Limited (NRL) and Bangladesh continues uninterrupted. NRL aims to extend its reach to northern and northeastern Bangladesh through waterways. Additionally, NRL plans to expand its export potential to Bangladesh and explore new opportunities in Myanmar as the situation improves.
Chief Minister Yogi Adityanath noted the key role e-commerce platforms play in boosting Uttar Pradesh's packaging and export capabilities, aligning with the Centre's One District One Product (ODOP) scheme. Speaking at the inauguration of Flipkart's new warehouses in Unnao and Varanasi, he emphasized job creation, technological advancements, and enhanced market access. The initiative is set to generate significant employment and foster local MSMEs.
Monsieur Spade, has attracted viewers' interest, leaving many curious if it acts as a continuation of Humphrey Bogart's 1941 classic, The Maltese Falcon.
Inter Globe Aviation promoter Rakesh Gangwal and his family trust have reduced their stakes in the airline by selling a combined 5.83 per cent shareholding for about Rs 10,500 crore.
A Delhi court has granted bail to alleged conman Sukesh Chandrasekhar in a bribery case linked to the AIADMK's 'two leaves' election symbol. The court cited his detention exceeding the maximum jail term for the offense. Despite the bail, Chandrasekhar will not be released immediately due to other pending cases against him.
NHL star Johnny Gaudreau and his brother Matthew tragically passed away after being struck by a vehicle while bicycling in New Jersey. Gaudreau, known as “Johnny Hockey,” had a notable career with the Calgary Flames and Columbus Blue Jackets. The Blue Jackets and NHL community are deeply saddened by the loss, emphasizing his contribution to the sport and his roles as a husband, father, and friend.
IndiGo will resume operations from Terminal 1 at Delhi airport starting September 2, with 35 daily departures. Passengers are being informed about this transition. Domestic flights numbered 2000-2999 will operate from Terminal 2, 5000-5999 from Terminal 3, while all others will use Terminal 1.
Sitka is in danger as Mount Edgecumbe, an 800-year-old dormant volcano in Alaska, is displaying signs of an impending eruption.
