After the arrest of Delhi Chief Minister Arvind Kejriwal, efforts to realign the Delhi government's operations centered around bringing back former deputy Manish Sisodia. His reappointment, while challenging, could restore governance stability. Constitutional experts affirmed Kejriwal's authority to recommend appointments, crucial as assembly elections approach next year.
As job cuts persist in 2024 across the U.S. and Canada, sectors including technology, automakers, media, and financial services are heavily affected. Key companies like Amazon, Alphabet, Intel, and Tesla are making significant reductions to manage costs amid economic fluctuations. This trend highlights ongoing uncertainties in the market despite easing recession fears.
The pizza company saw a 10% year-over-year increase in operational revenue during the quarter, reaching Rs 1,439.6 crore, primarily driven by 8.5% growth in its India operations. EBITDA rose slightly by 0.7% to Rs 278.2 crore, though margins decreased by 1.8 percentage points compared to the same period last year.
Sourav Ganguly reminisced about the late Buddhadeb Bhattacharjee, describing him as a fervent cricket follower. Bhattacharjee regularly engaged in conversations about cricket, sharing his extensive knowledge of the sport’s history. He attended significant cricket events, including Ganguly's 2003 World Cup felicitation, always steering clear of political topics.
To assess their real estate attractiveness and growth potential for the next five to six years, Colliers India has analysed over 100 emerging cities in its latest report, "Equitable Growth and Emerging Real Estate Hotspots." From this pool of over 100 cities, 30 emerged as high-potential growth centres. Notably, 17 of these cities are expected to witness accelerated real estate development across three or more asset classes. Check the cities here.
Mirwaiz Umar Farooq voiced concerns about the proposed Waqf (Amendment) Bill, which he believes targets the disempowerment of Muslims. He addressed key issues such as the inclusion of non-Muslims on the Waqf Board and changes in land dispute resolutions. Farooq indicated that these changes would be opposed by Muslims, especially in Jammu and Kashmir.
BJP MPs censured opposition parties for not addressing the plight of Hindus and other minorities in Bangladesh amid unrest following Prime Minister Sheikh Hasina's resignation. They called for the Indian government to ensure security measures for minorities and reinforce border security with Bangladesh.
The BJP urged Chief Minister Siddaramaiah to ensure that compensation for acquired lands matches the amount he sought for his plot in Kesare village. BJP's Suresh Kumar pointed out the inconsistency between the Karnataka Industrial Areas Development Board's rates and those demanded by the CM, advocating for fair compensation practices across all state projects.
Union Aviation Minister Kinjarapu Rammohan Naidu introduced the Bhartiya Vayuyan Vidheyak Bill, 2024, to enhance India's aviation sector. The Bill seeks to boost helicopter manufacturing and add seaplanes to air travel options. The minister highlighted India's untapped potential in the helicopter industry and addressed concerns about language imposition in the Bill's text.
IIM Calcutta has established the Lalit Mohanka & Madan Mohanka Centre of Excellence in Entrepreneurship and Innovation, funded by Madan Mohanka of Tega Industries. The Centre aims to position India as a global leader in entrepreneurship and innovation through education, research, and technology.
Germany’s new Low Emission Steel Standard (LESS) may add to the difficulties faced by India's steel industry. Categorizing steel by emission levels, LESS could damage exports and create negative perceptions. GTRI advised Indian firms to adopt low-carbon technologies and obtain LESS certification to improve sustainability and market access.
UK Prime Minister Keir Starmer urged authorities to be vigilant against potential far-right riots after a knife attack led to unrest in England. Authorities credit police and court actions for recent calm. Social media was blamed for spreading misinformation. Preparations were made to handle potential disruptions during the football season, while violence continued in Northern Ireland.
Vertoz Limited achieved remarkable growth in Q1 FY25, with revenue rising by 77.40% year-over-year to Rs 60.17 crore and a 127.85% increase in EBITDA. Key campaigns included Himalaya’s influencer campaign and a Zomato coupon campaign for Happilo. Profit After Tax increased by 61.94%.
Sometimes positions or stocks owned for a longer period are sold either to book profit or to exit it in anticipation of impending bearishness
Neeraj Chopra earned silver in the men's javelin throw at the Paris Olympics, achieving a best throw of 89.45 meters. He fell short of gold, which was claimed by Pakistan's Arshad Nadeem with a record-breaking 92.97 meters. Chopra cited a groin injury as a hindrance to his performance.
Inox Green Energy Services is a subsidiary of Inox Wind Limited (IWL) which is India's leading wind energy solutions provider catering to independent power producers, utilities, public sector units and corporate investors
Leaders of the financial spectrum convened at the AIF & PMS conclave 2.0, powered by ET Markets, to draw attention to alternative investment opportunities. An inaugural day session weighed in on the essential screening and vetting guidelines before you invest in the burgeoning small business segment.
The National Investigation Agency (NIA) has successfully extradited Tarsem Singh, a top Pro-Khalistan Element (PKE), from Abu Dhabi to India. Singh, arrested under the Unlawful Activities (Prevention) Act (UAPA), is linked to Babbar Khalsa International (BKI) and is the brother of Lakhbir Singh Sandhu, currently operating from Canada.
Jatin Gedia of Sharekhan observes that the Nifty, after a drop from 25,100 to 23,900, is currently in recovery mode. He predicts a potential rally towards 24,520-24,651, aligning with the 50% and 61.82% Fibonacci retracement levels. The immediate support level is anticipated at 24,200-24,150, coinciding with the 40-day moving average
The government was transferring Rs 58,000 crore every year to the bank accounts of about five crore Kannadigas, and the BJP-JDS wanted to abolish the Congress guarantees at any cost, the AICC leader said, speaking at the Congress party’s rally in Mysuru.
A trainee sub-inspector in Noida, Amit Mishra, was arrested for extortion after forcibly taking Rs 7,000 from a cab driver, Rupesh Tomar. With accomplices Ashish and Abhinav, Mishra intercepted the cab, seized the cash, and initially gave Tomar back Rs 500. The complaint led to Mishra's arrest and disciplinary action against other officers involved.
Manish Sisodia of the AAP was granted bail by the Supreme Court after being in custody for 17 months without a trial in the excise policy scam. The court underscored the right to a speedy trial and ordered his release on a personal bond. Conditions were imposed, including surrendering his passport.
The government sought to make air travel affordable and accessible, noted Aviation Minister Kinjarapu Rammohan Naidu. He highlighted the need for balance between passengers and airlines while presenting the Bhartiya Vayuyan Vidheyak Bill, 2024. Plans for an online grievance mechanism were introduced, alongside reaffirmation of commitment to the Regional Connectivity Scheme.