The Kardashian sisters arrived in India on Thursday, July 11, and received a grand welcome at the Taj Mahal Hotel in Mumbai. They were surrounded by paparazzi at the airport as they made their way to the hotel.
But there is a high probability of the second one being true. There are many businesses where the argument of disposable income has been cited, but if one looks at long term trends, they have been finally able to do better, whether slower or faster growth. We take a look at such stocks which are non cyclical in nature which one must keep on watch list.
Andhra Pradesh Community Managed Natural Farming and soil scientist Rattan Lal are announced as joint winners of the €1 million Gulbenkian Prize for Humanity. Their sustainable agriculture approaches are recognized for promoting global food security and climate resilience.
Crisil reports average crude oil prices are expected to rise to $83-$88 per barrel in fiscal 2025 from $83 in the previous year. This increase may strain India’s fiscal budget, given its reliance on crude imports. The report also projects India's real GDP growth at 6.8% for FY 2024-25 and anticipates a softened consumer price inflation at 4.5%. Despite challenges, a positive rural economic outlook is forecasted, buoyed by an expected above-normal monsoon.
Ola CEO Bhavish Aggarwal recently discussed various topics in an ANI podcast, including digital data ownership and his company's Krutrim AI platform. He advocated for young professionals to wear kurtas, emphasizing their comfort and elegance. Aggarwal also supported Infosys co-founder Narayan Murthy’s advice on a 70-hour workweek, expressing alignment with the commitment needed to succeed in the startup ecosystem.
The Congress challenged the government's claims of sharp economic growth and job creation. It urged the forthcoming budget to address issues of sluggish private investment, stagnant private consumption, plummeting household savings, and rising household debt, among other concerns. Finance Minister Nirmala Sitharaman prepares to present the Budget for 2024-25 on July 23 amidst debates on the economy's performance and the need for tax relief to boost consumption and accelerate growth.
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Essar Energy Transition will construct Europe's first all hydrogen-fueled power plant at Stanlow refinery by 2027. The $3.6 billion EET Hydrogen Power project entails 125 MW capacity and 6,000 tonnes of steam. It supports EET Fuels' aim for a 95% cut in emissions by 2030, enhancing employment in North West UK.
Rahul Gandhi urged restraint against derogatory language towards Smriti Irani on social media after she vacated her bungalow post losing to Kishori Lal Sharma in the Amethi Lok Sabha elections by over 1.5 lakh votes. Irani, who defeated Rahul Gandhi in 2019, vacated 28 Tughlak Crescent in Lutyens' Delhi after the new government formed. Winning and losing occur in life.
Magicpin, an offline fashion discovery and savings platform, has seen a 100% year-on-year increase in brand on-boarding, adding 1000 brands across fashion, QSR, and fine dine categories. The platform has also added over 75,000 local merchants in the last 12 months, bringing the total to 2,75,000 merchants and 3,000 brands.
Anant-Radhika Weddig: The lavish wedding of Anant Ambani, son of Mukesh Ambani, has taken a political turn as posters of Prime Minister Narendra Modi line the venue's road. Despite Modi not initially being on the guest list, he may briefly attend. The opulent four-day celebration has sparked debate on income inequality and environmental impact.
So, if you see, four quarters back, same quarter last year the margin was 23.5 and now it is 24.7. So, there is a 120 basis point improvement in margin despite the wage hike impact which is there. So, it implies that this year they will end somewhere around 27%.
Since the oil and gas production growth will be very strong for Oil India and the momentum is expected to continue for some more time. Another stock is Gujarat Gas, which is in city gas distribution. After the monsoon, construction activities will pick up again and we will see that industrial offtake for Gujarat Gas will improve. Oil India and Gujarat Gas are the two top picks in the sector.
Hindustan Copper Ltd will likely exceed its Rs 350 crore capex target this year, repeating last year’s success. The company’s expansion includes Rakha mine projects, driven by double-digit demand growth in key sectors. Under Ministry of Mines control, India's low per capita copper consumption boosts potential. It produces and markets copper concentrate, cathodes, and continuous cast rods.
The fund is India’s first index fund offering exposure to defence stocks listed in India. The fund aims to provide investors an opportunity to participate in the growth potential of the defence sector.
The Delhi High Court denied bail to Delhi CM Arvind Kejriwal's aide Bibhav Kumar, accused of assaulting Swati Maliwal at the CM's residence on May 13. An FIR was lodged on May 16, leading to Kumar's arrest on May 18 under various IPC sections. Previously denied bail, a chargesheet is expected by July 16 as per police statements.
Airbnb said travellers from over 160 countries and regions have already booked their stays on its platform during the sporting event. The Paris Olympics will be held from July 26 to August 11, 2024. As of March 31, 2024, nights booked during the dates of the Olympics are over five times higher than they were in the Paris region the same time a year ago, it added.
National Lok Adalat 2024: On July 13, India will host the second National Lok Adalat to resolve pending court cases, including traffic violations and civil disputes. Dedicated help desks at district courts will assist individuals in settling fines. Participants should gather necessary documents and check for appointment requirements. The initiative aims to simplify the legal process and reduce case backlogs through efficient dispute resolution.
Budget 2024: As India aims to become a developed nation by 2047, Finance Minister Nirmala Sitharaman will need to prioritize a significant boost in Research and Development (R&D) during her upcoming Union Budget presentation on July 23. A key challenge for the government will be increasing the share of R&D in the country, which, according to a NITI Aayog report, is currently among the lowest in the world. India's R&D expenditure as a percentage of GDP lags behind that of developed nations... Читать дальше...
The Congress party questioned Prime Minister Narendra Modi's position on a proposed 2% wealth tax on billionaires, a topic to be discussed at the upcoming G20 meeting. Congress general secretary Jairam Ramesh highlighted the potential revenue of ₹1.5 lakh crore annually from India's 167 billionaires, emphasizing the tax's potential to fund essential services.
The Congress party questioned Prime Minister Narendra Modi's position on a proposed 2% wealth tax on billionaires, a topic to be discussed at the upcoming G20 meeting. Congress general secretary Jairam Ramesh highlighted the potential revenue of ₹1.5 lakh crore annually from India's 167 billionaires, emphasizing the tax's potential to fund essential services.
Under the NEVA initiative, 60% of the funding will come from the Union government, with the remaining 40% covered by the state government. Urban Administration and Legislative Affairs Minister Kailash Vijayvargiya explained that the initiative is part of a broader effort to make legislative assemblies paperless.
Foreign Ministers from the BIMSTEC member countries have gathered in the national capital for a two-day retreat meeting to bolster cooperation among Bay of Bengal countries. BIMSTEC is a regional organisation comprising 7 member states - Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka, and Thailand.