No rate cut, but dovish undertone likely
The stance can be changed, and if that doesn't happen, the hawkish underdone will not continue
The stance can be changed, and if that doesn't happen, the hawkish underdone will not continue
Realty firm The House of Abhinandan Lodha -- which is into development of residential plots -- will invest Rs 1,800 crore this fiscal year on purchase of land and construction of projects as part of its expansion plan, a top company official said. Mumbai-based The House of Abhinandan Lodha, which was formed in 2021, has already launched nearly 10 plotted development projects covering 650 acres in Maharashtra, Goa, and Ayodhya in Uttar Pradesh. In an interview with PTI, the company's Chairman Abhinandan... Читать дальше...
Home-grown FMCG firm Emami's 45 per cent top-line in FY24 came from acquired brands, and non-seasonal brands contributed 56 per cent of its revenue, according to the latest annual report of the company. Now Emami is graduating from being a seasonal and rural-focused company to a "perennial and universal" organisation and has been positioning itself by taking a consumer-centric approach, said Vice Chairman and Managing Director Harsha V Agarwal. "This is evident in the fact that pain management, Fair and Handsome... Читать дальше...
Bengaluru-headquartered electric vehicle startup River Mobility Pvt Ltd backed by marquee investors Yamaha Motor Corp, Mitsui & Company Ltd, aims to open 100 showrooms by March 2026, a top official said. The company under its expansion drive inaugurated its first store in Chennai and plans to open 15 more stores by November and 50 stores by March 2025 Chief Executive Officer, Co-Founder Aravind Mani said here. "We are very excited about the Chennai store. We have a lot of people from Tamil Nadu... Читать дальше...
Tyre manufacturers are bracing for a bumpy ride as tyre prices are set to inflate further
Reserve Bank of India (RBI) is likely to keep the key interest unchanged at 6.5 per cent on Thursday, and wait for more macroeconomic data before taking a call on rate cut in line with expectations, experts said. The US Federal Reserve has decided to maintain a status quo on its interest rate for now and indicated there could be monetary policy easing in the coming months. Amid persisting inflationary pressures, RBI will be closely tracking the US monetary policy trajectory before changing its stance on interest rate... Читать дальше...
Despite heavy rain across the country, the average water level in India's 150 main reservoirs remains less than last year but more than the last decade's level, according to official data. According to the Central Water Commission, significant variations in water storage levels across different regions of the country reflect both positive and concerning trends. The total live storage capacity of the 150 monitored reservoirs is 178.784 billion cubic metres (BCM), which is about 69.35 per cent of the... Читать дальше...
The Supreme Court is scheduled to pronounce its verdict on August 5 on a plea of the Aam Aadmi Party-led Delhi government challenging the Lieutenant Governor's decision to nominate aldermen in the Municipal Corporation of Delhi without the aid and advice of the council of ministers. A bench of Chief Justice DY Chandrachud and Justices PS Narasimha, JB Pardiwala had reserved its verdict in the matter on May 17, last year. As per the apex court's website, a bench headed by Justice PS Narasimha will be pronouncing the verdict. Читать дальше...
Spending on outbound tourism is expected to grow from USD 18.82 billion in 2024 to USD 55.39 billion in 2034, a report said. The 'Navigating Horizons' report jointly prepared by Nangia NXT and Ficci said packaged tours still dominate the outbound market in India, with a share of 39.20 per cent in 2024, as there is a preference for choosing pre-planned tour packages from travel service providers due to greater convenience and customisation. The report said that availability of Indian or vegetarian... Читать дальше...
A special team of Tea Board officials inspected several gardens in North Bengal to determine the quality of leaves manufactured in these estates. An official of the Tea Board told PTI that several samples have been collected from these estates and their quality will be determined. "The operation was conducted at various tea gardens in North Bengal over the last several days on a large scale. Tea Board has collected samples from these estates and future course of action will be determined as per provisions... Читать дальше...
Since the start of the conflict almost ten months ago, aid efforts by the UAE in El-Arish and the Palestinian territory have cost the UAE around $700 million
Large-scale international assessment data suggests a negative link between excessive use of technology and student performance, yet less than one in four countries have banned smartphone use in schools, according to the Global Education Monitoring (GEM) report. The report on "Technology in education" published by the United Nations Educational, Scientific and Cultural Organization (UNESCO) has flagged that assessment data has found that mere proximity to a mobile device distracts students and has a negative impact on learning. Читать дальше...
Former Maharashtra home minister and senior NCP (SP) leader Anil Deshmukh on Sunday claimed Deputy Chief Minister Devendra Fadnavis was taking "political vengeance" by levelling allegations against him using sacked police officer Sachin Waze. Talking to reporters here, Deshmukh challenged Fadnavis to make Justice Chandiwal Commission report public, claiming he had been given a clean chit. "Retired Justice Chandiwal conducted an inquiry for 11 months on the allegations against me by former Mumbai... Читать дальше...
A major national objective for the car industry is to reduce carbon and greenhouse gas emissions and the dependence on imported fuel
Kerala Chief Minister Pinarayi Vijayan on Sunday appreciated the valiant efforts of the police and the fire force in the wake of the recent devastating landslides that rocked Wayanad district and said it was the biggest disaster in the history of the state. Addressing the passing out parade of the Kerala police here, Vijayan said the state was yet to recover from the catastrophic incident in Wayanad. Hailing the police and the fire force, Vijayan said the daring rescue efforts have shown glimpses of humanity, which is the hallmark of the force.
In absolute terms, the number of unemployed people declined to 35.4 million in July from 41.4 million in the previous month, according to an estimation made by the survey based on its sample
An amount of Rs 1 crore and "incriminating" documents were seized following raids against operators of a "fake" cryptocurrency investment company that cheated people in Ladakh and some other places, the Enforcement Directorate said Sunday. The searches were undertaken on August 2 in Leh, Jammu and Sonipat in Haryana under the provisions of the Prevention of Money Laundering Act (PMLA). Officials had said this was the first time that the federal anti-money laundering agency carried out searches in Ladakh. Читать дальше...
Maruti Suzuki India is awaiting a policy framework that promotes all clean technologies resulting in petrol and diesel cars being replaced by vehicles using such eco-friendly technologies, according to its Chairman RC Bhargava. In his address to shareholders in the company's annual report for 2023-24, he said industrial growth requires stability of policies and a predictable work environment. He also expressed hope that in the third term, Prime Minister Narendra Modi-led government will continue its emphasis on building infrastructure... Читать дальше...
Israeli strikes early Sunday killed 12 people in Gaza, including four who were sheltering in a tent camp for displaced people inside a hospital complex, while a stabbing attack carried out by a Palestinian killed two people in a Tel Aviv suburb. Tensions have soared following nearly 10 months of war in Gaza and the killing of two senior militants in separate strikes in Lebanon and Iran last week. Those killings brought threats of revenge from Iran and its allies and raised fears of an even more destructive regional war. Читать дальше...
India is seeking customs duty concession on a number of goods including cars, commercial vehicles and machinery from Sri Lanka under a comprehensive free trade agreement (FTA), talks for which are underway, an official said. India has also sought easier visa norms to further facilitate entry of professionals from here, the official said. The 14th round of talks between senior officials of India and Sri Lanka was concluded recently in Colombo. Issues which came up for the talks included rules of origin... Читать дальше...
Nine children were killed and two others injured after a wall of a dilapidated house collapsed in Madhya Pradesh's Sagar district on Sunday, a senior official said. The incident took place between 8.30 am and 9 am near the campus of a temple during a religious programme in Shahpur village under Rehli assembly seat, as per officials. According to the information received so far, nine children, aged 10 to 15 years, have been killed and two injured in the wall collapse incident at the religious programme in Shahpur... Читать дальше...
Tata Steel MD and CEO warned that low-priced Chinese steel may impact Indian cos capex plans
The Congress on Sunday claimed that the National Testing Agency had netted a profit of Rs 448 crore in the last six years, alleging that the future of millions of youths was reduced to mere "revenue-raising exercise" by the Narendra Modi government. Congress general secretary in-charge communications Jairam Ramesh shared on X Minister of State in the Education Ministry Sukanta Majumdar's reply in the Rajya Sabha on July 31 to a question on the NTA. "The National Testing Agency (NTA) is at the very heart of the NEET scandal. Читать дальше...
Demand for cement is projected to grow 7-8 per cent in the current financial year, helped by an increase in construction activities throughout the country, UltraTech Cement said in its latest annual report. To meet this increased demand, the cement industry is expected to add 35 - 40 million tonne capacity in the next fiscal, with 60-65 per cent concentrated in the eastern and southern regions, said the Aditya Birla group flagship firm. Besides, this demand surge will translate into an increase in... Читать дальше...
The BJP on Sunday responded to demands from various quarters, including Congress leader Rahul Gandhi, to declare the devastating Wayanad landslides a national disaster, saying that such a concept doesn't exist under Central government guidelines, a policy unchanged since the UPA government's tenure. Senior party leader V Muraleedharan posted on his Facebook page a 2013 Parliament document in which then Minister of State for Home, Mullappally Ramachandran, stated that "there is no provision to declare... Читать дальше...