Bangladesh secured a historic 2-0 series whitewash against Pakistan by bowling out the hosts for 172 in the second innings of the second Test. They reached their target of 185 with four wickets remaining. This marks Bangladesh's first bilateral Test series victory away from home since 2009.
Aam Aadmi Party MP Sanjay Singh welcomed Congress MP Rahul Gandhi's statement on a possible alliance for the Haryana polls. Singh mentioned that AAP's Haryana in-charge will discuss and inform Arvind Kejriwal before making a final decision. The Congress discussed candidates for 90 seats, finalizing 49, and will soon release the list of candidates.
A court in Delhi has issued a release order for Vijay Nair, former AAP communications in-charge, in connection with a money-laundering case by the ED and a corruption case by the CBI. The Supreme Court granted him bail, emphasizing the importance of liberty. Nair had previously been granted bail in the corruption case but had not furnished a bail bond.
Bangladesh made history by defeating Pakistan in Rawalpindi to win their first-ever away Test series since becoming a full member in 2000. Chasing 175 runs, key contributions came from Zakir Hasan, Najmul Shanto, and Mominul Haque. Earlier, Litton Das and Mehdi Hasan Miraz helped Bangladesh recover from a top-order collapse to stay competitive.
An investigation has been launched after 12 applicants for government jobs died during physical tests in Jharkhand. The candidates were among 500,000 vying for 583 excise officer posts. The deaths highlight the country's severe unemployment crisis. The recruitment drive has been paused, and health experts are examining the causes to prevent future incidents.
India might reach developed country status by 2047 if it achieves rapid economic growth for the next decade, Patra said. The goal requires achieving an 8% growth rate annually and addressing infrastructure and financing gaps. The private sector and increased savings are vital for this transformation.
Arun Raste, MD and CEO, NCDEX, said, “This launch sends a signal of the government's dedication and our commitment to strengthening the agri-economy and fostering sustainable growth. We believe that introducing agri-commodities that plug the crucial gaps, ensures comprehensive coverage and enhances market efficiencies significantly. The ultimate benefit passes on to the farmers and value chain participants strengthening the complete product ecosystem.”
Companies often initiate buybacks to return capital to shareholders, signal confidence in their stock, or improve financial metrics like EPS.
A report by FICCI and BCG highlights that while most CXOs in India see GenAI as beneficial for efficiency, only 45% have implemented it in HR functions. It identifies six key trends shaping HR, including ESG, DEI, and predictive analytics, aiming to improve productivity and employee well-being.
DRDO has handed over the production document of the 30mm High Explosive Preformed Fragmentation (HEPF) Shell to the Director General of Naval Armament Inspection. Developed by ARDE, this shell enhances the Indian Navy's combat capability against drones and can be fired from existing AK-630 Naval guns.
Mankind Pharma has announced a significant move by acquiring Bharat Serums and Vaccines Ltd for Rs 13,630 crore. The acquisition, partly funded by debt, aims to strengthen Mankind’s portfolio. The Juneja brothers are confident in their strategy despite market concerns about integration and cost.
Union Minister Nitin Gadkari criticized the makers of Detailed Project Reports (DPRs) for not following proper procedures in highway and tunnel construction. Speaking at a FICCI event, he highlighted issues related to road accidents and tunnel failures, pointing out manipulations in the tender process that escalate project costs unnecessarily.
Pramod Amthe of InCred Capital remains cautious on defence and railway sectors, favoring FMCG stocks like Marico and Britannia. He highlights promising opportunities in auto companies such as Hero MotoCorp and Maruti as well as Ashok Leyland in CVs. Amthe sees potential in capex-led capital goods and expects strong growth in the two-wheeler segment.
West Bengal CM Mamata Banerjee has demanded the resignation of PM Modi, Home Minister Shah, and other CMs for failing to safeguard women. Introducing the Aparajita Woman and Child Bill 2024, Banerjee emphasizes swift justice and severe punishment for offenders. The Bill aims to address flaws in current legislation for quicker justice delivery.
RBI Deputy Governor Michael Debabrata Patra said domestic saving will continue to largely finance India's investment needs. While household financial savings dipped during the pandemic, they are on the rise again. The corporate sector's net borrowing may increase, with household and external resources meeting financing requirements.
Austrian big mountain free rider and filmmaker Fabian Lentsch, who was paralyzed after a paragliding accident in India, has regained the ability to walk with forearm crutches. Thanks to a complex spinal surgery at a Delhi hospital, Lentsch's recovery journey is being documented in a film titled 'Golden Smile'.
The shares of Eco Mobility and Hospitality are set to debut on the exchanges on Wednesday with a grey market premium of Rs 160. Despite the company not receiving any proceeds from the IPO, it reported a significant year-on-year revenue and profit increase in FY24. Investors show robust interest with a 64 times subscription rate.
PTC Industries, a high-growth defence stock up 1,200% in three years, closed a Rs 700 crore QIP with investments from Motilal Oswal, HSBC, and Societe Generale. The QIP increased the company's equity capital to Rs 14.97 crore.
Kamala Harris and Donald Trump's US Presidential election 2024 race will witness early voting which is beginning this week in the USA.
The Government Railway Police (GRP) in Maharashtra are on a hunt for three men after a court cancelled their bail. The trio was initially arrested for allegedly assaulting a 72-year-old man on a train on suspicion of carrying beef. The incident, which occurred on August 28, led to the addition of dacoity and hurting religious sentiments charges against them. The suspects are being sought for re-arrest.
US stock market indexes S&P 500, Dow Jones Industrial Average, and Nasdaq are opening after long Labor Day weekend as focus shifts to Chinese economic data and US Fed announcement.
Cafe Coffee Day's outlets declined to 450 in FY24, while operational vending machines increased to 52,581. The chain's presence also reduced to 141 cities. Gross revenue rose by 11.16% to Rs 966 crore. The company has been reducing its debt through asset resolutions since the death of founder V G Siddhartha.
A fire caused by a squirrel on an electric wire destroyed 1,320 pomegranate plants and 15 tonnes of fruit in a Bagalkot orchard. Karnataka State Consumer Disputes Redressal Commission ordered Hubli Electricity Supply Company to pay the farmer compensation of Rs 21,07,800 for the losses and additional amounts for mental agony and litigation costs.
Rahul Gandhi will start the Congress' campaign for the Jammu and Kashmir assembly elections with rallies in Ramban and Anantnag districts on Wednesday. Joining him are Congress leaders Mallikarjun Kharge, Sonia Gandhi, and Priyanka Gandhi Vadra. The elections will be held in three phases beginning September 18.
