India's aid to Bangladesh and Myanmar will decrease in 2024-25. Sri Lanka and Nepal will receive increased aid. India allocated ₹130 crore for Bangladesh and ₹250 crore for Myanmar. Sri Lanka's aid quadrupled to ₹245 crore. India spent ₹770.90 crore on the Maldives in 2023-24. Discussions on India's relations with Canada and China were postponed.
The Maha Vikas Aghadi made several promises at a rally in Mumbai. The coalition pledged to give women ₹3,000 per month and free travel on state buses. It also announced a farm loan waiver up to ₹3 lakh. Unemployed youth would receive ₹4,000 per month. The MVA also promised free medicines at government hospitals and a caste census.
Karnataka Chief Minister Siddaramaiah has appeared before the Lokayukta, responding to questions about the alleged irregular allotment of housing plots to his wife. He defended his actions, stating he had done nothing wrong and criticized the BJP's call for a CBI probe, emphasizing the Lokayukta's independence.
Adani Enterprises has revised its capital expenditure target for the current fiscal year to ₹67,000 crore from the initial projection of ₹80,000 crore. The company attributes this reduction to an extended monsoon season that disrupted project timelines.
The Jammu and Kashmir assembly passed a resolution urging the central government to initiate a dialogue with elected representatives of J&K for the restoration of the region's special status and constitutional guarantees. The resolution, met with strong opposition from BJP members, resulted in an adjournment of the assembly for the day.
Donald Trump has secured a second non-consecutive term as President of the United States, defying polls and defeating Kamala Harris. Trump's focus on issues like inflation and immigration resonated with voters, while Harris struggled to connect with the average American. The Democratic Party's continued disconnect from the working class contributed to their loss.
Donald Trump's return to the presidency suggests a repeat of his 'America First' agenda, potentially straining international relations and impacting global goals. Despite this, the world is now more equipped to handle his unpredictable approach, and his simplistic deal-making style could even lead to unexpected solutions in long-standing global conflicts.
Wearable brands faced a decline in demand during the recent festive season. Shipments dropped as brands reduced inventory. Boat, a leading brand, shifted focus to audio products. Premium smartwatches saw growth, while basic models struggled. Offline sales gained traction. Chinese brands experienced mixed results.
Reliance Power's subsidiary, Rosa Power Supply Company, has achieved zero-debt status by prepaying a ₹485-crore loan to Varde Partners. This follows an earlier prepayment of ₹833 crore, totaling ₹1,318 crore paid ahead of schedule. The move strengthens Rosa Power's balance sheet and, along with a recent equity infusion, positions Reliance Power to pursue opportunities in the renewable energy sector.
Donald Trump's return to the White House promises to be as disruptive as his first term. With plans for trade overhauls, potential mass deportations, and a disregard for climate change, Trump's policies threaten to upend the global economy and reignite inflation, potentially impacting his own voter base.
Donald Trump's return as US President will impact the upcoming COP29 climate summit. The US may withdraw from the Paris Agreement again. The US is also expected to resist climate finance commitments. This could create challenges for nations like India at the summit. COP29, focused on climate finance, will see crucial negotiations on funding and emission targets.
US President Donald Trump's second term may benefit India's electronics industry. The US plans to impose tariffs on Chinese electronics, encouraging companies to seek alternative manufacturing hubs. India, with its growing manufacturing sector, stands to gain. Experts believe this shift could lead to increased electronics exports from India to the US. However, concerns remain about India's capacity to handle the potential surge in production.
Pernia's Pop-Up Shop is raising funds for its initial public offering. The company plans to use the funds to expand its retail network and become debt-free. The retailer aims to open more stores in Mumbai and Delhi. Pernia's Pop-Up Shop sells designer wear from various brands. The company achieved significant revenue growth in the last financial year.
Reliance Jio, citing a legal opinion from former Supreme Court Judge L Nageshwara Rao, criticized India's telecom regulator, Trai, for overlooking fair competition concerns in its satellite communication spectrum allocation consultation paper. Jio alleges Trai disregarded the need for a level playing field between satellite and terrestrial services, urging a revised paper.
McDonald's sales in West and South India have been hit by geopolitical turmoil, with some stores seeing sales halved due to anti-American sentiment following the Israel-Gaza war. The company hopes to see improvement in the second half of the year as it believes the negative cycle is behind them.
Ohio Senator JD Vance, at 40, has been chosen as Donald Trump's running mate for the upcoming presidential election. Once a Trump critic, Vance's transformation reflects Trump's influence on the GOP. His working-class roots and conservative stance are expected to appeal to key demographics.
ONGC, in a bid to acquire a 100% stake in Ayana Renewable Power, is considering utilising its joint venture with NTPC. While ONGC emerged as the highest bidder, surpassing JSW Neo Energy, bankers are encouraging JSW to enhance its offer.
India's Minister of State for Communications, Chandra Sekhar Pemmasani, advocated for satellite communication (satcom) as a complementary technology to 5G and 6G for achieving widespread connectivity. He highlighted satcom's potential in bridging the digital divide and emphasized the need for public-private partnerships to establish robust networks.
Bharti Telecom Ltd (BTL), the primary promoter of Bharti Airtel, has upped its stake in the telecom giant to 40.33%. This increase resulted from a 1.2% share acquisition from another Airtel promoter group, Indian Continent Investment Ltd (ICIL), in an off-market transaction valued at approximately Rs 10,924 crore. This deal further solidifies BTL's position as the largest shareholder in Airtel.
First, the poor pollsters. They've proved themselves to be clueless, once again. The majority of them projected a nearly 50:50 race in the 7-odd swing states, as well as nationally. In both 2016 and 2020, pollsters underestimated Trump's support base. They once again fell for the 'shy Trump voter' factor - the thesis that many Republicans are reluctant to share their voting preferences with pollsters.
Reliance Jio has submitted a legal opinion from former Supreme Court judge, L Nageshwara Rao, stating that the Telecom Regulatory Authority of India (Trai) should have sought comments from stakeholders on the allocation of satellite spectrum.
Defying all odds and overcoming political attacks, Donald Trump has been re-elected as the 47th President of the United States. Trump's victory, fueled by a focus on economic concerns and immigration, grants him significant power with a likely Republican-controlled Congress. While his supporters celebrate, concerns linger about potential divisive policies and economic impacts of his proposed tariffs and immigration crackdowns.
The Supreme Court is set to deliver its verdict on the fate of Jet Airways, following appeals against a decision to transfer ownership to the Jalan Kalrock Consortium. Creditors, including the State Bank of India, challenged the move, citing concerns over the consortium's ability to meet financial obligations outlined in the resolution plan.
Trump Towers will expand in India. The Trump Organization's India partner Tribeca will develop six new projects. These projects will be in major Indian cities. The projects will cover 8 million square feet. They have a revenue potential of over Rs 15,000 crore. India is already the largest market for the Trump Organization outside of the US.
