Justice Krishna Rao had on July 16 passed the interim order on the defamation suit filed by the governor against Banerjee and three others for making certain remarks during an administrative meeting while commenting on a row over the oath-taking of the two newly-elected TMC MLAs -- Sayantika Banerjee and Reyat Hossain Sarkar.
Delhi University (DU) has revised its passing criteria for undergraduate courses, increasing the requirement from 50% to 63%. Under the new rules, students must now achieve a combined total of 63% in their first and second semester exams to be eligible for promotion to the next academic year.
Manolito Vujicic, Brand Director, Porsche India, said that the desire to own a Porsche in India continues to grow. He added that this reflects what has been a solid, continuous growth of sales right across each model line for Porsche in India over the past few years. Two new Porsche all-electric sportscars, the Taycan and Macan, are available to order now, with deliveries in India planned to commence from early 2025, the company stated.
A pilot study in India is underway to enhance 60 fair price shops in four cities through partnerships with SIDBI and B2B online wholesale aggregators for working capital and nutritional products. The government is encouraging additional services at fair price shops, including CSC functionalities, banking partnerships, and retail sale of small LPG cylinders. Capacity-building programs are being explored for fair price shop owners, with operational guidelines outlined for transparency and security enhancements.
First off the block, will be SUV X-Trail, which will be imported as a completely built units (CBU). Two more mid-size SUVs - a five-seater and a seven-seater - will follow soon after to take on the likes of Hyundai Creta, Maruti Suzuki Grand Vitara and Toyota Hyryder. India would be the sole production hub for half of these five models planned for launch by 2026, which also includes an affordable EV.
The Union home ministry had no specific inputs on biological attack threats, the Rajya Sabha was informed. Minister Nityanand Rai assured that the government was prepared, with Standard Operating Procedures and NDMA guidelines in place. States hold the primary responsibility for detecting biological threats, with support from the Ministry of Health and Family Welfare.
Companies pursuing artificial intelligence (AI) adoption are attracting the attention of U.S. venture capital firms after a near two-year lull driven by high interest rates and a sluggish exit market for startup investors. Vanta says it wants to double down on its AI innovation, eliminate legacy tools in compliance and deepen its global presence by venturing into the UK and Australia.
Hardik Pandya has been overlooked for T20I captaincy as new head coach Gautam Gambhir and chairman of selectors Ajit Agarkar preferred Suryakumar Yadav, with Shubman Gill as deputy. Ashish Nehra was not surprised by this shift, linking it to differing leadership approaches. Fitness concerns were cited for excluding Pandya from the captaincy role.
IIFL Securities is the sole book runner for the deal. According to the term sheet issued by IIFL, Maple II BV, an entity of BPEA, is offering to sell 4.78 crore shares of the bank at a floor price of Rs 226 per share — a 5% discount to Wednesday’s closing price of Rs 237.95.
Markets regulator Sebi has validated a well-known secret on Dalal Street - most retail intraday traders don't make money. According to a study by Sebi, 71% of individual traders in intraday equity segment incurred losses during FY23, up from 65% in FY19 and 69% in FY22.
While this infra surge is good for the economy, it will generate enormous amounts of construction and demolition waste (CDW) and increase the demand for virgin building materials that require mining.
The Nifty Bank index closed 0.89 per cent down at 51317.0.
The Bureau of Indian Standards (BIS) has approved 82 R&D projects with budgets up to Rs 10 lakh and a six-month timeline, led by faculty from technical institutes like IITs and NITs. These will focus on advanced areas like AI, blockchain, and renewable energy to align standards with industry needs. This emphasises the importance of R&D in standards formulation for modern technology challenges. There are plans for more projects via the BIS website to enhance quality and safety standards.
L&T Q1 Results: Revenue from operations grew 15% YoY to Rs 55,120 crore, driven by strong performance in the projects and manufacturing (P&M) portfolio, supported by a substantial order book. In the first quarter, the company secured orders worth Rs 70,936 crore at the group level, showing an 8% year-on-year increase, thanks to robust ordering activity in the Middle East.
Deloitte India highlighted the positive impact of Budget announcements on capital inflows, emphasising simplified FDI regulations, reduced corporate tax rates, and the abolition of the Angel tax to boost investment in startups. Economist Rumki Majumdar stressed the importance of stable capital for investment, particularly through FDI to enhance private capex. The rationalisation of customs duties, including changes in BCD rates for various sectors, aims to support domestic manufacturing and export competitiveness.
An Inter Ministerial Committee (IMC) has been constituted to conduct an audit of the telecom networks and suggest remedial measures for prevention of data breaches in the telecom networks, Minister of State for Communications Pemmasani Chandra Sekhar said in a written reply in the Lok Sabha.
The Madhya Pradesh forest department denied an RTI request for information on cheetah management, citing national security concerns under Section 8(1)(a). Wildlife activist Ajay Dubey had previously received health information on a cheetah cub. The cheetah conservation project has seen 26 cheetahs, including cubs, after introducing batches from Namibia and South Africa since September 2022.
Tatyana Ozolina, known as “MotoTanya,” tragically died in a motorcycle accident in Türkiye. The 38-year-old Russian social media star was renowned for her motorcycle adventures. Despite her extensive following on YouTube and Instagram, her life was cut short on the Milas-Soke highway. Her companion, Onur Obut, was severely injured in the crash.
Based on lunar soil samples returned by Chang'e-5 mission in 2020, Chinese scientists have found a hydrated mineral "enriched" with molecular water, CAS said on Tuesday. In 2009, India's Chandrayaan-1 spacecraft detected signs of hydrated minerals in the form of oxygen and hydrogen molecules in sunlit areas of the moon.
The Nifty IT index closed 0.18 per cent up at 40115.05.
Karnataka's Deputy CM, D K Shivakumar, defended the Congress government's boycott of the July 27 NITI Aayog meeting due to perceived budget neglect. The proposed Greater Bengaluru Governance Bill aims to decentralize city management.
Bajaj Finserv, Tata Consumer, Britannia, Axis Bank and Bajaj Finance were among the top losers on NSE in today's trade.
A recent internal probe by Yashwantrao Chavan Memorial (YCM) Hospital near Pune has determined that a seven per cent locomotor disability certificate issued to IAS probationer Puja Khedkar was in accordance with regulations. The certificate, issued in August 2022 by the Pimpri Chinchwad Municipal Corporation (PCMC)-run hospital, has now been validated with no signs of wrongdoing.
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