The adoption of electric two-wheelers in India is gradually increasing, with their market share expected to rise to over 13% by 2026-27, according to Jefferies. The Union Cabinet has approved a Rs 10,900 crore scheme to promote electric mobility, including subsidies for various electric vehicles. Ola Electric remains a key player but has seen a recent decline in market share.
Iran successfully launched its Chamran-1 research satellite into orbit using the Qaem-100 rocket, developed by the Revolutionary Guard. The satellite aims to test orbital maneuver technology. This launch comes amid heightened Middle East tensions and follows recent military actions by Iran. Western nations, particularly the US, express concerns over potential ballistic missile development disguised as space activities. Iran maintains that its space program is purely civilian and defensive.
An encounter erupted between security forces and terrorists in the Kalaban area of Poonch district, Jammu and Kashmir. The joint operation involved the Indian Army's Romeo Force, Poonch Police's Special Operation Group, and CRPF. The area has been cordoned off. This follows recent incidents, including the killing of two soldiers in Kishtwar and an anti-infiltration operation in Nowshera.
Adani Group has secured a contract to supply 6,600 MW of bundled renewable and thermal power to Maharashtra for 25 years at Rs 4.08 per unit. This bid, lower than current procurement costs, will help meet the state's future electricity needs. Supplies are set to begin in 48 months.
Livpure aims to secure over 10 lakh subscriptions for its water-as-a-service model in the next four years, enhancing access to clean water across India. The company targets a turnover of Rs 900 crore this fiscal year, reflecting a growth of up to 60 percent from the previous year.
Middle-aged Chinese wives are attending 'sex appeal training camps' to prevent their husbands from straying. The two-day program in Hangzhou costs 2,999 yuan and includes lectures on love and techniques for achieving orgasm, as well as practical exercises. The camp aims to empower women by boosting their confidence and sense of self-value.
In Haryana, political dynasties are prominent in the upcoming Assembly polls, with candidates from influential families contesting key seats. The election features kin of the state's three famous 'Lals' and other notable political families. The 90-member Assembly will go to polls on October 5, with vote counting on October 8.
Prime Minister Narendra Modi distributed sanction letters to PMAY-G beneficiaries in Tatanagar, Jharkhand, and released the first instalment of Rs 32 crore at Ranchi. Union Agriculture Minister Shivraj Singh Chouhan highlighted that 2.95 crore houses have been approved under PMAY, with plans for three crore more houses, including two crore in rural areas.
The Directorate General of GST Intelligence has identified the real money online gaming sector as a major tax evasion area, detecting Rs 1.10 lakh crore in evasion. Offshore entities based in tax havens pose significant challenges. The agency recommends a multi-agency approach and public awareness to tackle this issue effectively.
Vice President Kamala Harris disclosed her gun ownership during a recent debate to counter Republican claims that Democrats aim to confiscate firearms. Harris, who owns a handgun for personal safety, used this revelation to address misconceptions and bridge her support for stricter gun regulations with the concerns of gun owners. This strategic move reflects her effort to navigate the complex debate on firearm regulation and constitutional rights.
Junior doctors in West Bengal continue their protest for the sixth day, demanding justice for a colleague who was raped and murdered at RG Kar hospital. Despite adverse weather conditions, they remain resolute. Chief Minister Mamata Banerjee's attempts to resolve the issue have failed, with protesters alleging mishandling by authorities.
3 funds will be passive funds: two ETFs and one index fund will open for subscription this week.
The market valuation of Infosys climbed Rs 17,480.49 crore to Rs 8,07,299.55 crore and that of ITC rallied Rs 15,194.17 crore to Rs 6,42,531.82 crore.
The Street is eagerly anticipating the listing of Bajaj Housing Finance, which received a record response to its IPO last week. According to grey market trends and analysts' estimates, the company’s shares are expected to deliver multibagger returns to investors. The current GMP for the stock is approximately Rs 84, reflecting a premium of nearly 120% over the issue price.
Prime Minister Narendra Modi inaugurated six new Vande Bharat trains, expanding the fleet from 54 to 60 train sets. These trains will operate on routes including Tatanagar-Patna and Bhagalpur-Howrah. Indigenously designed under 'Make in India,' these semi-high speed trains offer faster commute times, advanced safety features, and world-class amenities.
Deflation in China is worsening, raising concerns for the global economy.
Kross Ltd's shares are set to debut on the stock exchanges this Monday, following a strong response to their recent IPO. Currently, the shares are trading at a grey market premium (GMP) of Rs 24.5. Given that the upper price band for the shares is Rs 240, they are expected to list at a 10% premium over the issue price.
The shares of Tolins Tyres are set to debut on the bourses on Monday. According to grey market trends, the stock is expected to deliver positive gains to investors.
Epsilon Advanced Materials plans to establish a Rs 9,000-crore anode plant in Karnataka with a capacity of 90,000 tonnes by 2031. The project will be executed in two phases, with the first phase set for completion by Q4 2026. This initiative aims to support India's growing electric vehicle market.
Navdeep Singh, a Paralympics gold medalist, shared his journey of overcoming personal challenges and societal rejection due to dwarfism. Initially winning silver at the Paris Games, his medal was later upgraded to gold. His emotional podcast interview highlighted the harsh criticism he faced and the support from his late father.
Managers often avoid giving women candid feedback to prevent appearing sexist, leading to inconsistent reviews. Studies show that this 'protective paternalism' results in vague praise for women, hindering their career growth. Specific, evidence-based feedback is crucial for all employees to advance effectively.
Indian Air Force pilot Squadron Leader Bhatkare has developed an AI-driven aircraft inspection system to reduce accidents caused by human errors. This innovation aims to detect damages on aircraft panels, gauges, and covers. Defence Minister Rajnath Singh praised the move towards self-reliance in India's defence sector during the 'Tarang Shakti 2024' exercise.
Telangana Chief Minister Revanth Reddy praised AIMIM chief Asaduddin Owaisi for advocating for the poor and marginalised. Speaking at a book launch, he emphasized the importance of a strong opposition. Reddy also urged the Union Government to provide financial aid for flood-affected Telangana, highlighting challenges in utilizing disaster funds due to stringent central regulations.
Onam, a significant festival for Malayalees, is celebrated with devotion in Kerala. It features cultural events like boat races, dances, and traditional feasts. The festivities include Pookkalam floral designs, Vallamkali boat races, Pulikali tiger dances, and Onam Sadya feasts. This year, Onam will be celebrated on September 15, 2024.
