Vedanta Ltd prepared a Rs 30,000 crore war chest from various funding sources to accelerate debt reduction and pursue growth. This includes proceeds from qualified institutional placement, offer for sale, and dividends, coupled with existing cash reserves. The company is focused on deleveraging, transformational projects, and a planned demerger to attract investment.
MHT CET 2024: To access the MHT CET 2024 CAP Round 2 allotment results, candidates must log in using their application number and date of birth. Those who have been allotted seats in this round need to report to their respective institutes between August 27 and August 29, 2024.
Yes Bank has named Sumit Bali as the Country Head for Retail Assets and Debt Management. Bali brings over 30 years of experience and will focus on enhancing retail and rural assets and debt management growth. He has previously worked in leadership roles at Axis Bank, India Infoline Group, and Kotak Mahindra Bank.
Yahya Sinwar, the leader of Hamas, is hiding among Palestinians in order to avoid being apprehended by Israeli forces out of fear for his safety. The ceasefire negotiations have been complicated by his frequent movements and worries over his personal safety, which has put pressure on Hamas' leadership.
The Bangladesh investigation into student deaths during July's protests uncovered the use of weapons not possessed by the police, allegedly by radicals linked to Jamaat-e-Islami. Chaos persists with mob violence, including attacks on political detainees and a former Supreme Court judge, as the interim government struggles for control.
Digital payments major PhonePe has reported a 74% jump in revenue for FY24. This and more in today’s ETtech Top 5.
Jenna Ortega, who is famous for playing the role of Wednesday in the Netflix show has opened up about her harrowing experience on Elon Musk’s platform X.
Drone logistics firm Skye Air Mobility has partnered with CARiTAS Hospital to deliver medical supplies and samples using unmanned aerial vehicles. The initiative aims to enhance healthcare accessibility and efficiency by reducing delivery times to just 5-7 minutes for distances of 10-15 kilometers. This innovative approach is expected to revolutionise healthcare logistics in Kottayam, with plans for a full-scale rollout in the near future.
The CEO of Telegram was detained on several charges at a French airport.
The aggregate interest coverage ratio for India Inc hit a nine-quarter high in the recently concluded quarterly results season following a sustained double-digit growth in the operating profit and deceleration in the interest expense.
The index displayed a strong bullish signal on the daily chart, forming a long candle with a small upper shadow. This suggests an attempt to break through the resistance level created by the downward gap on August 2nd, which was around 24,950-25,000. Furthermore, the significant downward gaps observed on August 2nd and 5th have been fully closed, around 24,950 and 24,680 respectively. Nagaraj Shetti of HDFC Securities views this as a positive development.
Central government employee representatives are advocating for further relaxations in the rules of the newly unveiled Unified Pension Scheme (UPS). They propose reducing the qualifying years of service for an assured pension to 20 years from the current 25. This would benefit employees who join government service late and ensure enhanced coverage under UPS. They are also pushing for an increase in monthly emoluments to build the lump sum payment and for the introduction of an additional pension for retirees above 80 years of age... Читать дальше...
A deep depression over East Rajasthan intensified, leading to significant transport disruptions and heavy rainfall in multiple regions in Gujarat. Rail and air travel faced cancellations and delays. The India Meteorological Department forecasted substantial rains across Rajasthan, Gujarat, and nearby areas, advising residents to stay cautious, especially in flood-prone zones.
Sonam Wangchuk thanked the BJP-led government for listing five new districts in Ladakh, addressing an old demand. He underscored the need for these districts to be democratic, consistent with the 6th Schedule for local governance. Wangchuk's previous activism focused on environmental protection and seeking autonomy for Ladakh.
CBI’s investigation into the Kolkata rape-murder case involved a polygraph test on suspect Sanjay Roy, which revealed unconvincing answers. Additional tests were conducted on former RG Kar Medical College principal Sandip Ghosh. The case involves the rape-murder of a woman doctor, prompting widespread protests and thorough searches and interrogations by CBI.
On Monday, India's benchmark Sensex climbed approximately 611 points to close at 81,698. During this rise, seven stocks in the BSE IT index hit their highest prices in the past year, marking a significant milestone.
Industries Minister MB Patil defended the State Government's decision to allot a five-acre civic amenity plot to AICC President Mallikarjuna Kharge’s family trust at the aerospace park near Bengaluru's airport. BJP objected, questioning the family's qualifications for an aerospace plot. Patil stated that Kharge's son, an IIT graduate, planned to set up an R&D center, which aligned with KIADB regulations for civic amenity plots. The matter has also been raised with the Governor's office.
The Indian rupee remained almost flat on Monday, and closed at 83.90 versus the US dollar as demand for dollars from local banks and corporates remained steady due to month end demand, traders said.
Zerodha's Nithin Kamath on Monday highlighted a surge in fake trading app scams, which trick investors by offering easy profits. These scams involve fake apps mimicking major brokers, enticing users with initial gains, then demanding fees and taxes before disappearing.
Sven-Goran Eriksson, the former England men's football coach, died at the age of 76. He achieved significant success in Italy, Portugal, and Sweden and led England to the World Cup quarterfinals in 2002 and 2006. His tenure was marked by both sporting achievements and personal controversies.
A man accused of sexually abusing two minor girls at a school in Badlapur was remanded to 14-day judicial custody in Thane district. The attendant of the private school was sent to jail after appearing in court amid tight security. School management members have also been implicated in the case. Following protests, a special investigation team led by senior IPS officer Arti Singh was formed by the Maharashtra government.
The Confederation of Indian Industry hosted Innoverge 2024, a three-day innovation summit, beginning on September 4. The theme centered on building a resilient, sustainable, and inclusive India. Eminent speakers, including Infosys co-founder S 'Kris' Gopalakrishnan, discussed transforming business processes and incorporating emerging technologies in ten critical sectors.
There have been some good products developed, especially in cryptography, and the mission is working towards getting various software companies to invest in quantum (i.e. quantum technologies, the four verticals of which, according to NQM are computing, communication, measurement and sensing), he said.