Новости за 08.07.2024

Mashreq, the oldest privately owned bank in the UAE, has appointed Tushar Vikram as its new country head and CEO of India, starting June 2024. Vikram will lead the bank’s operations in India, focusing on strategic growth. He previously served as the group head of investment banking for HDFC Bank and spent 27 years with Citibank in various roles. Tarek El Nahas, group head of international banking at Mashreq, highlighted Vikram's extensive experience and successful track record in financial management.

Tata Motors reported a 2% increase in global sales to 3,29,847 units in the June quarter, compared to 3,22,159 in the April-June quarter of FY24. However, global wholesales of passenger vehicles were lower by 1%. Jaguar Land Rover dispatches increased by 5%.

Israeli forces intensified operations in Gaza City, targeting militants and causing thousands to flee amid ongoing conflict. The incursion focused on eastern Gaza, an area previously contested, prompting evacuations as heavy fighting resumed. Reports indicate artillery, tank fire, and airstrikes, with details on casualties yet to be fully disclosed due to restricted access. The escalation comes amidst diplomatic efforts for a ceasefire, hindered by disagreements over terms including Hamas' demand for Israeli prisoner releases. Читать дальше...

The government has announced the reopening of the PLI scheme for white goods, such as ACs and LED lights, from July 15 to October 12. Both new applicants and existing beneficiaries can apply to invest more under the scheme. Quarterly claims processing will be introduced to improve liquidity and operational efficiency.

The eight bidders can now submit proposals to the Sri Lankan government for the acquisition of shares in Litro Gas Lanka Limited and Litro Terminals (Private) Limited, a statement released by Sri Lanka's finance ministry said.

Rekha Jhunjhunwala trimmed her stake in Raghav Productivity Enhancers to 4.98% by June 30, 2024. The stock surged 70%, outperforming Nifty, and trades above SMAs.

Former Sri Lanka cricket captain Sanath Jayasuriya has been appointed as interim head coach for the national team ahead of their white-ball series against India. The decision comes after Chris Silverwood resigned following a poor T20 World Cup performance. Jayasuriya, known for his aggressive batting, will also lead Sri Lanka's Test tour to England.

Budget Expectations: Finance Minister Nirmala Sitharaman will present her seventh full budget on July 23. Known for fiscal prudence, aggressive capital expenditure, and boosting manufacturing, her previous budgets lacked populist proposals. With changed political dynamics post-elections, allies TDP and JD(U) are speculated to seek favorable treatment in the budget. Sitharaman is expected to balance fiscal discipline with growth amidst demands.

Heavy monsoon rains in Mumbai caused significant disruption to transportation, affecting roads, railways, and air travel. Chhatrapati Shivaji Maharaj International Airport (CSMIA) experienced major disruptions, with 27 flights diverted and over 50 flights canceled. The rainfall and low visibility led to runway operations being suspended from 2:22 am to 3:40 am on Monday, August 7, 2024. CSMIA is working to manage the diverted flights and advised passengers to check their flight status early via airline... Читать дальше...

​Manufacturing focus from government actually will create higher jobs and improve the per capita income. So, mass consumption category, which has not done well in last two years, is expected to do well in coming years.

Karnataka Infrastructure Minister plans to decide Bengaluru's second airport location based on passenger load and connectivity. Lawmakers lobby for their constituencies. The minister said that the Sarjapur, Kanakapura Road, Tumakuru and Dabaspet are among the strong contenders for second Bengaluru airport.

India and Thailand are currently conducting Exercise MAITREE 2024 in Thailand's Tak Province, aimed at strengthening military cooperation. The exercise includes rigorous training in counter-insurgency and counter-terrorism operations in varied environments. It features cultural exchanges such as Yoga sessions and focuses on enhancing combat skills like weapon training and jungle survival techniques. The exercise fosters camaraderie between Indian and Thai troops, emphasizing mutual trust and operational readiness. Читать дальше...

The far-right National Rally (RN) has suffered a stinging defeat in the run-off round of France's parliamentary elections, hobbled by electoral pacts between the left and President Emmanuel Macron's centrists. The New Popular Front and its allies won 187 seats in the 577-seat National Assembly, Macron's centrist group won 159 seats and the National Rally and its allies won 142 seats, interior ministry figures show.

In Monday’s trading session, the following five stocks witnessed a build of fresh long positions. Let us first understand how this conclusion is reached whether the stock has seen a buildup of fresh long position or not.

The Supreme Court ruled on Monday that requiring accused individuals to share their Google Maps location as a bail condition violates privacy rights. Justices Abhay S Oka and Ujjal Bhuyan emphasized that bail conditions should not allow constant tracking by police or infringe on personal privacy. The decision overturned a Delhi High Court order demanding location sharing for bail in a drug case.

ITR filing: Some employees who receive a salary and self-employed individuals may not get Form 16. This can cause confusion when filing their Income Tax Return (ITR) because Form 16 is an essential document for this process.

NASA's JPL recently used radar to capture images of two passing asteroids. Asteroid 2011 UL21, discovered by Catalina Sky Survey in 2011, passed safely at 4.1 million miles on June 27. It's nearly a mile wide and has a small moonlet orbiting it. Asteroid 2024 MK passed closer on June 29, at 184,000 miles, with angular features and surface details seen in radar scans. These observations aid planetary defense efforts, providing crucial data on NEOs and their characteristics.

The Supreme Court will consider a new petition from AAP leader Manish Sisodia seeking to revive his bail plea in the Delhi excise policy scam cases. Earlier, Sisodia's bail plea was denied on June 4. The court had allowed him to reapply for bail after the CBI and ED filed their final charge sheets by July 3, 2024.

The Department of Telecommunications (DoT) announced that telecom infrastructure has been enhanced for this year's Amarnath Yatra, ensuring seamless mobile connectivity, including 5G coverage, along the pilgrimage route. In collaboration with Bharti Airtel, BSNL, and Reliance Jio, continuous coverage has been provided from Lakhanpur to Qazigund and from Qazigund to Pahalgam and Baltal, with 5G technology available in many areas.

Cricketer Ravichandran Ashwin has partnered with Prachura Group founder Prachura PP and former Prestige Estates CEO Venkat K. Narayana to acquire the American Gambits team in the Global Chess League (GCL), a joint venture between Tech Mahindra and the International Chess Federation. The team will debut in the second season of the league, which will be held from October 3-12 in London.

Cryptocurrency markets saw a decline with Bitcoin, Ethereum, and Solana leading the drop. The global market cap fell to $2.04 trillion in the last 24 hours. Analysts suggest potential further dips due to various factors.

Tata Group has moved a step closer to merging four airlines into two, simplifying its aviation business. Harmonizing procedures and manuals across carriers, with support from Ministry of Civil Aviation. DGCA guidance aids safety-first approach. Air India and Vistara seek DGCA approval to accelerate merger, minimizing training requirements. Tata Group aims to enhance efficiencies, leverage synergies, and reduce losses.

A total of 63,707 shares changed hands on the counter till 02:00PM (IST).