India is set for an extreme winter, with temperatures dropping to 3°C in some states due to La Niña. Discover how this weather pattern will impact the nation.
India's agrochemical exports could exceed Rs 80,000 crore in four years if the industry is supported with a conducive environment, according to a report by ACFI and EY. The report highlights the need for streamlined licensing norms, improved infrastructure, and reduced GST to achieve this growth.
The Aam Aadmi Party (AAP) has released its first list of 20 candidates for the upcoming Haryana Assembly Elections. The party is in alliance talks with Congress, demanding 10 seats while Congress offers five. The last date for filing nominations is September 12, and polling will be held on October 5.
The government will extend subsidies under the Electric Mobility Promotion Scheme until the launch of FAME-III, said Union Minister H D Kumaraswamy. The EMPS, initially set to end on September 30, will continue to support EV buyers with subsidies until the new scheme is introduced within two months.
BMW has expressed concerns about India's new EV manufacturing policy, highlighting the lack of recognition for long-standing investors. The policy, aimed at attracting foreign carmakers, offers lower import taxes but treats new and existing companies equally.
The Congress has called for the immediate dismissal of Manipur Chief Minister N Biren Singh and urged the Union government to take responsibility for the escalating violence in the state. Congress president Mallikarjun Kharge criticized Prime Minister Narendra Modi's handling of the situation, calling it an 'abject failure' and demanding swift action to restore peace.
Arkade Developers’ IPO opens for subscription on September 16 and closes on September 18, raising Rs 410 crore through fresh equity. The issue allocates 50% to institutional buyers, 35% to retail investors, and 15% to non-institutional investors. Proceeds will fund ongoing and future projects.
Apple is set to unveil significant updates to its Apple Watch and AirPods at its upcoming product launch event. The new Apple Watch Series 10 will feature larger displays in a thinner design, while the entry-level AirPods will now include active noise cancellation. These upgrades aim to revive Apple's slumping wearable-device business.
The proposed IPO is a combination of a fresh issue of equity shares worth Rs 3,100 crore and with an offer for sale (OFS) of 2.2 crore equity shares by promoters and investors shareholders, as per the draft red herring prospectus (DRHP).
The Delhi High Court granted bail to businessman Sameer Mahendru and AAP volunteer Chanpreet Singh in the Excise Policy case. The Enforcement Directorate is investigating alleged irregularities in the Delhi government's 2021-22 excise policy, which was scrapped amid corruption allegations. Key political figures are implicated in the ongoing investigation.
The Defence Ministry has signed a Rs 26,000 crore deal with Hindustan Aeronautics Ltd (HAL) to manufacture 240 aero-engines for Su-30MKI aircraft. The engines will be produced by HAL's Koraput division to sustain the operational capability of the Indian Air Force's Su-30 fleet. This move is a significant boost to the Aatmanirbhar Bharat initiative.
The successful listing, with shares trading 45% above the IPO price at Rs 770, underscores the company's strong fundamentals and the overwhelming investor confidence demonstrated by the IPO's 201.41 times oversubscription. The shares even saw a further 3% increase post-listing, further highlighting the positive market sentiment.
Around 14 equity mutual funds have delivered single-digit returns in the last three months. There were around 269 equity mutual funds in the said period.
Healthcare services in West Bengal have been disrupted for over a month due to a protest by junior doctors demanding justice for a colleague allegedly raped and murdered. The Supreme Court has directed the doctors to resume work, while they continue to offer telemedicine services to patients.
Researchers have identified an antibody, SC27, that can counter all known variants of the coronavirus causing COVID-19 and related viruses in animals. Isolated from plasma of patients with breakthrough infections, this discovery offers hope for broader protection against evolving virus strains.
Shares of Tribhovandas Bhimji Zaveri and PC Jewellers hit new 52-week highs, rising 18% and 5%, respectively, following a CRISIL report predicting a 22-25% revenue boost for retailers due to reduced gold import duties and better working capital management.
SpiceJet, once a leading airline, is grappling with severe financial distress. Grounded aircraft, unpaid dues, and a dwindling market share have exacerbated its troubles. Promoter Ajay Singh is attempting to raise funds through various means to revive operations and settle liabilities, but challenges persist.
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The initial public offering (IPO) of PN Gadgil Jewellers will open for subscription on September 10. The issue closes on September 12. Through the public offer, the company plans to raise nearly Rs 1100 crore.
The cryptocurrency market rebounded modestly, with Bitcoin rising to $55,027 and Ethereum to $2,317. Toncoin and Avalanche saw notable gains over 4%. Despite recent bearish trends, upcoming U.S. CPI and PPI data could influence future market direction.
In her new role, Panesar will spearhead the design and execution of strategic initiatives in collaboration with senior leaders across the bank.
With foreign direct investments (FDI) growing 47.8 per cent to USD 16.17 billion during April-June 2024, India is expected to see further acceleration in the inflow on account of a potential Fed rate cut, modest growth outlook in the US, and the country's favourable economic outlook, experts say.
Civil Aviation Minister K Rammohan Naidu emphasized sustainable practices in aviation, including using sustainable aviation fuel. The ministry aims to develop 106 airports for regional connectivity and blend 1% SAF with jet fuel by 2027. The UDAN scheme will be extended for 10 more years to boost regional air travel.
