Eight equity and equity-oriented mutual funds recorded returns exceeding 2% in the week ending June 28th.
In Odisha, BJP government's focus on railway projects and infrastructure development, under the double-engine administration, aims to enhance connectivity and economic growth. The state stands to benefit from new initiatives like electronic manufacturing and semiconductor training centers, ensuring technological advancement and skill enhancement for its residents.
The Congress Party called for a law enabling reservation quotas to exceed the 50% cap, aligning with JD(U)'s demand to include Bihar's increased quotas in the Constitution's 9th Schedule. This follows a Patna High Court ruling striking down Bihar's attempt to raise quotas for SCs, STs, and OBCs to 65%.
Some deported migrants alleged that despite possessing valid residency documents, they were detained by police and were forcibly returned to Afghanistan. Many Afghan migrants have documented instances of mistreatment by Iranian police in their camps.
State-owned Punjab & Sind Bank plans to raise Rs 2,000 crore in the second half of this fiscal via Qualified Institutional Placement (QIP) to fund business growth. "The board has already given approval, and merchant bankers should be on-boarded by August," Punjab & Sind Bank managing director and CEO Swarup Kumar Saha told PTI.
South Africa's agonising seven-run loss to India in the Twenty20 World Cup final has motivated them for future success after reflecting on a solid campaign, according to captain Aiden Markram. Despite needing 30 runs from the final 30 balls with six wickets left and two set batters, South Africa fell short as India's experience and precision in bowling sealed the game. Markram expressed the team's disappointment but also their determination to learn from this experience and strive for more success in future finals... Читать дальше...
While India strengthened their position as one of the true behemoths of the modern game with their embarrassment of riches in terms of talent, and an unerring determination to win, the others too, with their extremely high standard of cricket, contributed handsomely in making it an unforgettable tournament.
Karnataka Chief Minister Siddaramaiah announced plans to build a film city in Mysuru, offering 100 acres of land for the project and emphasising a public-private partnership approach. He also pledged steps towards establishing a Kannada OTT platform, fulfilling a long-held dream of Kannada film legend Dr. Rajkumar. Siddaramaiah criticised the previous BJP government for inaction on the film city initiative and vowed to address the OTT platform issue.
Only 12 small-cap funds managed to beat their respective benchmarks in the first half of 2024 out of a total of 27 small-cap funds.
The controversial nature of such restrictions is on full display in South Korea, where a short-selling ban hurt its attempts to win an upgrade from MSCI Inc. These developments show the difficulties policymakers have in keeping up with increasingly sophisticated trading strategies and their impact on financial markets, a challenge that’s only set to grow with the adoption of artificial intelligence.
Realty firm Sattva Group is bullish on India's housing market and will launch many projects to achieve 85 per cent growth in sales of residential properties to around Rs 6,500 crore this fiscal, a top company official said. In the 2023-24, Bengaluru-based Sattva Group achieved sales bookings of Rs 3,500 crore.
Israeli troops continued operations against Hamas in Gaza's Shejaya area, targeting terrorists, weapons, and combat compounds. The Air Force struck Hamas infrastructure, including tunnel shafts. Dozens of terrorists were killed in close-quarters combat and airstrikes. Troops surrounded a civilian area Hamas used as a compound, finding weapons and a rocket launcher near schools. In Rafah, Israeli forces dismantled a mortar post in a tunnel shaft. The situation remains tense with ongoing military actions... Читать дальше...
Prime Minister Narendra Modi described former Vice President of India, Venkaiah Naidu as his true comrade who was tested in the fire of Emergency imposed by Indira Gandhi in 1975.
Warren Buffett, chairman of Berkshire Hathaway, has revised his will to redirect his considerable fortune away from the Bill & Melinda Gates Foundation posthumously. Instead, Buffett plans to allocate his wealth to a new charitable trust managed by his three children, expressing confidence in their values and ability to distribute the funds effectively. This decision marks a significant shift from previous plans where the Gates Foundation and family-related charities were primary beneficiaries of over 99% of his estate.
FORDA stressed on the importance of promptly announcing the new exam dates and conducting the exams transparently and efficiently, it said, adding the primary focus of the discussion was the postponement of the NEET-PG exam.
Nationalist Congress party (NCP-SCP) Chief and Former BCCI President Sharad Pawar on Sunday expressed his delight and congratulated Indian cricket team on their stellar performance in the T20 World Cup.
The death toll from this week's heavy rain in New Delhi has risen to 11, with four fatalities reported due to drowning in submerged underpasses, according to the Times of India. The city experienced its heaviest rainfall in decades on June 28, exceeding the average monthly rainfall in just one day. The torrential downpour caused a fatal roof collapse at one of Delhi's airport terminals, leading to flight disruptions, flooded underpasses, and widespread traffic congestion. Approximately 60 flights were cancelled at the main airport... Читать дальше...
The economic survey of Maharashtra for 2023-24 revealed a positive economic outlook under the Shinde government compared to the previous Maha Vikas Aghadi administration. The survey showcased growth in GSDP, FDI, and entrepreneurship. Maharashtra's GSDP growth outpaces Gujarat, FDI attraction has surged, and entrepreneurship is thriving with the highest number of startups in India. The survey also highlighted progress in social welfare, agriculture, financial assistance to farmers, infrastructure development... Читать дальше...
The Indian Army has introduced its first indigenous chip-based 4G mobile base station, procured from Signaltron, a Bangalore-based firm, via the government e-marketplace portal. Developed using India's own Signalchip technology, the Sahyadri LTE base stations mark a significant milestone in domestic communication technology. Signaltron's Sahyadri Network In a Box (NIB) systems, weighing just 7 kgs, offer secure wireless communication for audio, video, and data, operating seamlessly in standalone or cellular modes. Читать дальше...
Prime Minister Narendra Modi extended congratulations to coach Rahul Dravid and the Indian cricket team for their historic T20 World Cup 2024 victory over South Africa in Barbados. Modi praised Dravid's coaching tenure, noting his transformative impact on Indian cricket with dedication, strategic insights, and nurturing talent. Under Dravid's guidance, India achieved milestones like reaching the T20 World Cup 2022 semi-finals and being runners-up in the ODI World Cup 2023 and World Test Championship 2023. Читать дальше...
China boosts ties in Central Asia through economic projects and summit engagements. President Xi's visits to Kazakhstan and Tajikistan aim to deepen partnerships. Efforts include expanding transport links and gas pipelines to enhance cooperation. Beijing's involvement grows amid regional concerns over Russia's actions.