India's residential real estate market saw a 55% rise in new launches to 159,455 units in H1 2024, with major cities like Bengaluru, Mumbai, Delhi NCR, and Hyderabad leading the surge. In contrast, Kolkata experienced an 11% decline. Overall, residential prices in top cities increased by 5% to 20%.
Air Liquide India is a key supplier of industrial gases to hospitals and industries from its various production facilities situated in northern and western regions of India. Air Liquide India Managing Director Benoit Renard said, "This new plant is a key step in our expansion, fostering growth in both industrial and healthcare sectors throughout the region".
In Panaji, Union Minister Nitin Gadkari at a Goa BJP meeting with Sadanand Tanavade and Pramod Sawant, emphasized BJP's unique approach. Citing L K Advani during a 40-minute speech, Nagpur MP Gadkari warned against Congress-like mistakes, stressed corruption-free governance, and highlighted economic and social reforms. He urged the party's unity for upcoming 2027 elections, discouraging caste-based politics in Maharashtra.
The Nifty Pharma index closed 0.05 per cent up at 20612.65.
NDA 3.0 aims to revitalize India’s economy with a focus on clean energy in the 2024-25 budget. Priorities include policy continuity, fiscal incentives, and significant investments in renewable technologies, particularly solar. By allocating 5-10% of GDP to clean energy, India can foster economic growth, employment, and global leadership in renewable energy.
The market capitalization of all BSE-listed companies reached a record high, increasing by Rs 1.18 lakh crore to Rs 452.36 lakh crore. TCS, India's leading IT services company, saw a 6.7% rise after surpassing revenue expectations. This surge contributed to a 4.25% increase in the US rate-sensitive IT index.
The UK's new government is expected to push for a renewed push for the proposed free trade agreement (FTA) between India and the UK, aiming to promote service exports and deepen cooperation in areas like security, education, technology, and climate change. Experts suggest that a comprehensive FTA with the UK would deliver win-win results for both economies.
Bharat Electronics Limited (BEL) receives a significant export order from Thales Reliance Defence Systems (TRDS) for TR modules used in fighter aircraft radars. BEL also secures additional orders valued at Rs 192 crores. Indian defence manufacturing sector shows growth with increasing exports and government initiatives.
Protein requirement for body: 10 reasons why protein is required for your body.
Budget 2024: India aims for 500 GW renewable energy by 2030, with Sitharaman's July 23 budget detailing measures under Modi 3.0. Ranking 4th globally, India seeks a 45% carbon intensity reduction by 2030. Key initiatives include transnational grid, FAME 3.0, 600k skilled workers, GST concessions, PPP solar projects, addressing copper costs, RBI financing draft, overseas training, poaching, and sustainability incentives.
IT jobs: Training hours at Infosys, Wipro, and Tech Mahindra dropped in FY24 due to fewer freshers and just-in-time hiring, e.g., Infosys down to 74.6. TCS doubled to 87. Richard Lobo anticipates future upskilling. Cost optimization prioritizes billable hours. Despite the 2021 pandemic, the industry grew. Inquiries to TCS, Infosys, Wipro, and HCL went unanswered during the quiet period.
The company reported strong numbers in the preceding March quarter too with the consolidated net profit rising 22% to Rs 563 crore. Revenues, meanwhile, increased 20% to Rs 12,727 crore.
Net profit for the April-June 2024 period is seen growing 19% year-on-year, according to an average estimate of four brokerages. Revenue too is likely to jump 19% for the same period year-on-year.
Ola Electric's Bhavish Aggarwal criticizes Ather Energy's marketing approach for new scooter Rizta. He advises focusing on supply chain and technology to reduce product costs. Ola Electric leads in electric scooter sales in India.
Blood sugar level control: Oats, legumes, nuts and seeds help manage blood sugar levels.
Innov8, which was acquired by OYO in 2019, has invested Rs 10 crore towards the development of these co-working centres. Founded in 2015, Innov8 is currently spread across nine cities - Delhi, Gurugram, Mumbai, Pune, Chennai, Bengaluru, Ahmedabad, Hyderabad, and Indore - with over 30 centres hosting more than 8,000 employees of its clients.
The government plans to introduce amendments to various banking laws during the Budget session to facilitate banking sector reforms, including privatisation of public sector banks. These amendments aim to decrease government holding in state-owned banks, enhance governance, and protect investors. The upcoming session, starting on July 22, will address these crucial changes.
Elon Musk's owned social media platform X (previously known as Twitter) has breached EU online content rules. This move by the European Commission came after a seven-month-long investigation. X was also charged with blocking researchers from accessing its public data.
The Indian rupee edged higher against the U.S. dollar amidst expectations of a Fed rate cut.
Tesla has postponed the unveiling of its robotaxi design originally scheduled for August. On the social media platform X, Tesla's CEO Elon Musk stated that vehicles equipped with full self-driving "will achieve such a superhuman level that in the future, it will seem odd that humans ever drove cars, even when tired or under the influence."
The Supreme Court emphasised that bail orders should not be mechanically stayed without reason. It stressed that denying relief to an accused should only occur in rare and exceptional circumstances, such as in cases involving terrorism or legal irregularities. The court underscored that curbing an accused's liberty should not be done casually, cautioning against disastrous consequences and emphasising the importance of upholding Article 21.
Regarding the price hike, the BJP attacked the AAP government and claimed that it had conspired with the discoms for their benefit. Delhi's power minister and AAP leader Atishi countered that the opposition party has misled the public by circulating "rumours" that the PPAC is to blame for the rise in electricity costs.
Coal India Limited (CIL) has lowered earnest money deposit and increased dry fuel quantity in e-auctions to encourage increased participation. The company has asked all its arms, except Northern Coalfields Ltd, to increase their offer quantity under e-auction to 40% of their total production for the second and third quarters of this financial year.