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2024

Новости за 06.08.2024

India imported 18.65 lakh tonne urea, 22.58 lakh tonne P&K fertilisers from China in 2023-24

Economictimes.indiatimes.com 

In 2023-24, India imported 18.65 lakh tonnes of urea and 22.58 lakh tonnes of phosphatic and potassic (P&K) fertilizers from China. To address the urea demand gap, India has revived several domestic fertilizer plants, adding 50.8 lakh tonnes per year. P&K fertilizers are imported commercially under the Nutrient Based Subsidy Scheme.

Defence sector may be back in action, ICICI Securities shares 5 stock picks

Economictimes.indiatimes.com 

The Union Budget FY25 prioritized defence improvements and listed 346 items for indigenisation. ICICI Securities recommended investing in Solar Industries, Azad Engineering, Zen Technologies, Astra Microwave, and Dynamatic Technologies. The budget saw substantial increases in aircraft and aero engine allocations while maintaining stable funding for other defence areas.

LK Advani admitted to Delhi's Apollo hospital

Economictimes.indiatimes.com 

Veteran Indian politician L.K. Advani has been admitted to Delhi's Apollo Hospital. The hospital has not yet released detailed information about his condition or the reasons for his admission. Advani, a key figure in Indian politics and a senior leader of the Bharatiya Janata Party (BJP), is undergoing treatment at the facility. Further updates on his health are expected to be provided by the hospital in due course.

Spacetech startup EtherealX raises $5 million in funding round led by YourNest

Economictimes.indiatimes.com 

EtherealX, a Bengaluru-based space technology startup, secured $5 million in a funding round led by YourNest. The funds will aid in the development of engines for the company's reusable medium-lift launch vehicles. Founded in 2022, EtherealX looks to finalize its test facility and qualify its upper-stage and semi-cryogenic engines.

Vedanta files demerger scheme with NCLT

Economictimes.indiatimes.com 

Vedanta has filed a demerger scheme with the National Company Law Tribunal (NCLT) after receiving all necessary approvals. The proposed demerger aims to create sector-focused entities in critical minerals, energy security, renewables, and technology sectors. Vedanta reported a 1% QoQ and 6% Year-on-Year increase in Q1 consolidated revenue of 35,239 crore.

Sheikh Hasina sought approval to come to India for short term, says EAM Jaishankar

Economictimes.indiatimes.com 

In the wake of political upheaval in Bangladesh, Sheikh Hasina requested urgent approval for a short stay in India, confirmed External Affairs Minister S Jaishankar. While addressing Parliament, Jaishankar emphasized that India is monitoring the situation and expects Bangladesh to ensure the safety of the Indian High Commission and its citizens living in the nation.



Shree Cement Q1 Results: PAT declines 51% YoY to Rs 278 crore; revenue rises marginally

Economictimes.indiatimes.com 

Shree Cement Q1 Results: During the first quarter of the 2025 fiscal year, the company reported a 1.75% increase in revenue from operations, reaching Rs 5,123.9 crore compared to Rs 5,035.6 crore in the same period last year. Total expenses also rose by 4.4% to Rs 4,618 crore from Rs 4,422 crore in the first quarter of the previous fiscal year. Despite these figures, the company's stock price experienced a slight decline of 0.2% to Rs 26,682 following the release of the earnings report.

Oyo parent Oravel Stays plans to open 25 premium hotels this fiscal

Economictimes.indiatimes.com 

Oravel Stays, the parent company of OYO, announced plans to expand its premium SUNDAY Hotels brand with 25 new openings across Gurgaon, Manesar, and Corbett this financial year. Currently, SUNDAY Hotels operate in Jaipur, Vadodara, and Chandigarh, aiming to offer guests proximity to business districts and cultural landmarks.

Palestinian officials say eight dead in Israel West Bank raids

Economictimes.indiatimes.com 

Israeli forces killed eight people in two separate raids in the northern West Bank on Tuesday, continuing the violence in the occupied territory. Four were killed in the Jenin area and four in Tubas district during early morning raids, according to Palestinian health authorities. The Israeli army reported striking "armed terrorist cells" in Jenin. Clashes in Aqaba led to three deaths, including a teenager near a hospital. Since October, tensions have soared, with over 600 Palestinians and 17 Israelis killed in the West Bank.

Trade via Bengal land ports disrupted amid unrest in Bangladesh

Economictimes.indiatimes.com 

Trade between the two countries through land ports at Petrapole, Gojadanga, Mahadipur, and Fulbari in West Bengal has been affected, while some passenger movement has been reported but turnout remains low, sources said.

Bharti Airtel to deliver 14%/16% CAGR in India revenue/Ebitda over FY24-27: Analysts

Economictimes.indiatimes.com 

Bharti Airtel is poised for strong growth in revenue and EBITDA from FY24 to FY27, aided by anticipated tariff hikes and decreased capex. The company generated $2.3 billion in free cash flow over the last year and aims to reduce its debt. Mobile revenue and ARPU rose, with further gains expected from recent price hikes.

Saurabh Bharadwaj claims health department submitted false affidavit to HC without his knowledge

Economictimes.indiatimes.com 

Delhi Minister Saurabh Bharadwaj accused the health department of submitting a false affidavit in the high court without his knowledge, alleging a conspiracy and vowing to involve the law department. The Delhi High Court is reviewing a petition on ICU bed availability, with a committee led by Dr. Sarin aiming to enhance healthcare in Delhi. Bharadwaj criticised the submission of inaccurate information regarding medicine shortages, planning to take action against the health secretary.

"This is a lesson, not only for Bangladesh but for every dictator": Farooq Abdullah

Economictimes.indiatimes.com 

Farooq Abdullah, leader of the National Conference, commented on the current situation in Bangladesh, describing it as a "lesson for every dictator" and emphasizing how the populace can lose patience under oppressive conditions. Speaking on Tuesday, Abdullah indicated that the unrest in Bangladesh reflected broader issues within the country's economy and internal affairs.

Nishikant Dubey takes a jibe at Congress, says party supported 'a new kind of DBT'

Economictimes.indiatimes.com 

Bharatiya Janata Party (BJP) MP Nishikant Dubey criticized the Congress party on Tuesday, accusing it of favoring certain business groups during its tenure. Dubey specifically mentioned the Dalmia, Birla, and Tata groups, referring to it as a DBT scheme. He also added Bajaj to the list, calling it a DBBT scheme. His comments were a response to the Opposition's allegations that the current government supports companies led by billionaires Gautam Adani and Mukesh Ambani.

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89% of sales teams in India are using AI: Salesforce report

Economictimes.indiatimes.com 

Sales teams in India are embracing AI to boost productivity, reports Salesforce. About 89% are using or testing AI, though integration and security issues remain. Sales employees spend just 27% of their time with customers, struggling with changing expectations and high staff turnover. Addressing these concerns is crucial for AI’s potential to be fully realized.

Naxal affected regions constricted to 38 districts by April 2024: MHA to Lok Sabha

Economictimes.indiatimes.com 

Left Wing Extremism violence has decreased significantly, with only 38 districts in nine states affected in 2024, down from 126 districts in 10 states in 2013. Chhattisgarh has the most affected districts, followed by Odisha, Jharkhand, and Madhya Pradesh. The decrease is attributed to the government's national policy and action plan implemented in 2015. Violence incidents have decreased by 73%, with deaths reduced by 86% since 2010.

Vedanta Q1 Results: Profit grows 37% YoY to Rs 3,606 crore

Economictimes.indiatimes.com 

Vedanta posted a 37% year-on-year increase in consolidated net profit to Rs 3,606 crore for the first quarter, up from Rs 2,640 crore last year. Revenue grew 6% year-on-year to Rs 35,239 crore. The company's EBITDA surged by 47%, with margins at 34%, attributed to robust cost reduction efforts.


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