The Indian Air Force has airlifted 242 NDRF personnel and 30 tons of relief materials to Vijayawada and Shamshabad, Andhra Pradesh, in response to severe flooding. Helicopters are on standby. Chief Minister Chandrababu Naidu and Governor S Abdul Nazeer have urged people to stay safe and coordinated rescue efforts are underway.
The Calcutta High Court has asked the West Bengal government to provide all documents related to the arrest of four people in connection with a protest march to Nabanna. The court questioned the justification for their arrest and if proper procedures were followed. The state defended it as a preventive measure by Howrah city police.
Widespread rainfall in Khammam district, Telangana, has resulted in unprecedented floods not seen in the past 30 years. The district administration is actively working to provide necessities and rehabilitation for the affected residents. Telangana Chief Minister Revanth Reddy will inspect the flood-hit areas, and immediate financial assistance measures are being implemented.
The BJP has accused the AAP government of corruption in Delhi's health department, with the Anti-Corruption Branch taking note of these allegations. BJP leaders stated that various departments in the Delhi government are plagued by corruption and have submitted a detailed complaint to support their claims.
We do not see any major upheaval in either direction negative or positive in the second half. Earnings are probably the most stable we have seen in the last two or three years.
Bernstein has sold Adani Ports, Bharti Airtel, and Axis Bank from its India Model Portfolio, favoring stable stocks like REC, SBI Life, and D-Mart. Despite market volatility, strong DII inflows have boosted the Nifty index by 15% YTD.
The new fund offer (NFO) will be open for subscription from September 3 to September 17, with continuous sale and repurchase starting on September 26. The scheme, managed by Chandni Gupta and Anuj Tagra, will be benchmarked against the CRISIL Medium to Long Duration Debt A-III Index.
Over the years there are many industries which were considered commoditized business, because they essentially used to buy metal or plastic and just convert them into select products and have margins which were called “ converter’s margin”. But now there are players in these industries who have been able to do two things. First more valuation addition and build also a brand even in that space. The impact, whenever there is a hike in raw material prices, these stocks don't see that kind of hit both in terms of margins and also on the street.
A Delhi court has criticized the Enforcement Directorate while granting bail to Mangelal Sunil Agarwal in a money laundering case. The court asserted that the decision to arrest must have clear regulations and balance. It highlighted inconsistency between two investigating officers and requested an inquiry into the issue.
Air India has introduced its new Airbus A350-900 on the Delhi-London Heathrow route, operational twice daily. This move is part of the airline's 'new Air India' initiative to enhance passenger experience. Replacing Boeing 777-300ER and 787-8 Dreamliner on 14 of 17 weekly flights, it marks a significant upgrade in service quality.
Pakistan Vs Bangladesh Second Test: Nahid Rana's remarkable bowling spell on Day 4 critically reduced Pakistan to 150/9 by lunch, setting the stage for an intense finish against Bangladesh. With Mohammad Rizwan providing resistance, Pakistan holds a 129-run lead, making the upcoming sessions crucial to deciding the match's outcome.
An FIR has been lodged by the Bengaluru Police against Bangladeshi journalist Salah Uddin Shoaib Choudhaury and an Indian news portal staffer for allegedly spreading fake news about Congress leaders Rahul and Sonia Gandhi. The complaint was filed by a member of the Karnataka Pradesh Congress Committee, triggering an investigation.
The Vande Bharat Sleeper train, unveiled on September 1, promises faster speeds, advanced safety, and upgraded amenities, posing a strong challenge to the Rajdhani Express.
Tata Curvv vs Citroen Basalt: Both the Citroen Basalt and Tata Curvv offer unique propositions in the SUV-coupe segment. The Basalt stands out for its affordability, practical design, and comfortable rear seat experience, making it an attractive choice for budget-conscious buyers. The Curvv, with its advanced features, powerful engine options, and premium design elements, appeals to those seeking a more luxurious and tech-savvy vehicle. Ultimately, the choice between the two depends on the buyer’s priorities... Читать дальше...
"Everyone is taking a breather after a pretty hectic August in terms of market price action at least and really looking for signals on the macro side that the soft landing scenarios are in place and that central banks can begin to lower rates," said Richard Flax, chief investment officer of Moneyfarm.
A French judge put Russian-born Durov under formal investigation last week for suspected complicity in running an online platform that allows illicit transactions, child sex abuse images, drug trafficking and fraud.
Prime Minister Narendra Modi will visit Brunei from September 3-4 and Singapore from September 4-5, his first visit in six years. India aims to collaborate with Singapore on semiconductor technology and enhance space and defence cooperation with Brunei. Hydrocarbons constitute a significant part of India's trade with Brunei.
Absorption of flexible workspaces by enterprises is expected to peak in 2024 with 106,554 seats already leased in the first half, compared to 155,000 in 2023. Flexible workspaces now make up 7-8% of India's Grade A office supply. This trend is particularly strong in Tier II and III cities, driven by workforce decentralization.
Telangana Chief Minister Revanth Reddy has announced Rs 5 crore assistance and Rs 5 lakh ex-gratia for flood-hit districts. He aims to secure additional relief from the Centre and has mobilized state resources to assess and address the damages. Additional measures are planned for ongoing heavy rains.
United Democratic Front Chief VD Satheesan led a protest in Thiruvananthapuram, accusing Kerala CM Pinarayi Vijayan of protecting those implicated in the Justice Hema Committee report on exploitation in the Malayalam film industry. The 235-page report details harassment faced by women and highlights the control exerted by influential men. Actor Mohanlal resigned as AMMA president following the report.
BITS Pilani has named Professor Souri Banerjee as the new director for its Dubai campus, starting August 2024. Professor Banerjee succeeds Professor Srinivasan Madapusi and brings extensive experience from various roles at BITS Pilani and other institutions. He aims to further enhance academic programs and research initiatives at the Dubai campus.
The central government is continuously moving on the path of fiscal prudence with the fiscal deficit of the government on July 24 declining to Rs 1.41 lakh crore as compared to Rs 1.54 lakh crore in the corresponding period last year, as per a report by Anand Rathi, a financial services company.
A 19-year-old student, Anika Rastogi, from Ram Manohar Lohia National Law University, was found dead in her hostel room due to cardiac arrest. The third-year BA LLB (Hons) student was the daughter of an Indian Police Service officer. The university expressed its profound sadness and further investigations are underway.
On the technical charts, the RSI of the stock stood at 50.54.
