India is set to send its largest-ever delegation of 84 para-athletes to the Paris 2024 Paralympics, participating in 12 sports including new entries para cycling, para rowing, and blind judo. Top contenders include Sumit Antil, Avani Lekhara, Mariyappan Thangavelu, Sheetal Devi, Krishna Nagar, Suhas Yathiraj, Bhavina Patel, Yogesh Kathuniya, Thulasimathi Murugesan, and Nishad.
Tokyo Plast Int, Bhageria Industries, Kronox Lab Sciences, Avro India and NBCC , hit their fresh 52-week highs during the day.
Top metal credit cards: Metal credit cards offer added advantages like increased rewards, reduced interest rates, and exclusive offers compared to standard credit cards. Nevertheless, they also entail a higher annual fee, positioning them as a luxury choice for people willing to make an investment. Let's take a glance at the metal credit cards provided by leading banks in India.
The Adani Group will invest `3,500 crore in Madhya Pradesh to establish a cement grinding unit in Guna and a propellant production plant in Shivpuri. These projects are expected to create over 3,500 jobs. The conglomerate has already invested more than `18,000 crore across various sectors in the state.
Adani Group's APSEZ announced a Rs 3,500 crore investment in Madhya Pradesh for a cement grinding unit in Guna and a propellant production facility in Shivpuri. These projects will create over 3,500 jobs and align with India's Aatmanirbhar mission. APSEZ has already invested Rs 18,250 crore in the state, creating 12,000 jobs.
British Prime Minister Keir Starmer is all set to discuss a significant economic and defence accord with German leaders, seeking to reset relations and improve ties with Europe. Starmer will meet German Chancellor Olaf Scholz for talks on military cooperation, trade, and energy. He will then head to Paris to attend the Paralympics and meet business leaders.
The stock of Fusion Finance (formerly Fusion Microfinance) has gained over 9% in three trading sessions to August 28 following the company’s announcement on exchanges that the Odisha State Tax department has dropped the show cause notice issued in May directing the company to pay nearly Rs 1.2 crore towards penalty for the excess claim of input credit regarding state GST.
SBI Managing Director Ashwini Tewari noted that a correction in the equity markets could help banks regain deposits. The bank is focusing on small-ticket PMJDY accounts to drive deposit growth amidst a shift of funds to higher-yielding options. Tewari indicated a possible rise in deposit rates if needed by market demands.
Bahraich Wolf Attack: A recent wolf attack in Uttar Pradesh's Bahraich district resulted in the death of one child and injuries to three others. This marks the sixth child fatality from wolf attacks in the past month and a half. Forest officials are actively patrolling the area and have captured three wolves so far with efforts to apprehend the remaining pack members continuing.
PDP president Mehbooba Mufti announced she will not contest the assembly elections in Jammu and Kashmir, citing challenges in fulfilling her party's agenda. She pointed out her previous accomplishments as chief minister and questioned the feasibility of implementing similar measures in the current political climate.
Jay Shah, the outgoing BCCI secretary, is set to become the youngest ICC chairman at 35. His tenure was marked by equal focus on men's and women's cricket, positioning the BCCI as an exemplary body. Shah will leave BCCI after a five-year stint, which began in October 2019, to take over as the independent chairman of the International Cricket Council from December 1. Sachin Tendulkar and other cricket luminaries have extended their best wishes to him.
CJ Darcl Logistics Ltd. has transported 34 excavators from Chennai to Haryana using specialized rail rakes. The company claims to be the first in its sector to use rail for such a heavy equipment transport. This initiative underscores their commitment to innovation and eco-friendly logistics practices.
Aluminium foil is a kitchen staple, but its use for food wrapping and cooking can have potential health risks due to the possibility of aluminium leaching into food. Here are some healthier alternatives to consider:
Student suicides in India are rising alarmingly, outpacing both population growth rates and overall suicide trends. The report notes that male student suicides decreased by 6% while female suicides increased by 7% between 2021 and 2022. Maharashtra, Tamil Nadu, and Madhya Pradesh have the most cases, stressing the need for better mental health support in educational systems.
The FCRA Division of India’s Ministry of Home Affairs has issued a public advisory against fraudulent emails and documents impersonating its officials. These scams demand payments from NGOs for FCRA services. The ministry emphasised that all legitimate FCRA services and payments should be processed exclusively through the official online FCRA portal.
The Centre for a New American Security's exercise on a 2032 Sino-American nuclear war scenario over Taiwan reveals alarming insights. China might use shorter-range nuclear weapons to target key US military assets, posing critical challenges for US decision-makers. The study underscores the importance of dialogue and strengthening alliances to manage nuclear risks.
The global liquefied natural gas market is poised to witness a notable increase in supply, which is expected to benefit India with reasonable prices. India’s gas consumption is projected to grow, supported by softer LNG prices and higher domestic production. However, challenges remain for the city gas distribution sector, particularly with the adoption of electric vehicles.
The Nifty Pharma index closed 1.14 per cent up at 22989.1.
The US, unlike India, uses the Electoral College system to elect its president, where electors cast official votes. As a matter of fact, the world's oldest democracy, doesn't actually 'allow' its citizens to elect their President. A US Presidential candidate can lose by a large margin, however, to win an election- all they need is just one vote more than their competitor.
Zydus Lifesciences has received approval from the USFDA to market Amantadine extended-release capsules (68.5 mg) and tentative approval for Gocovri (137 mg) capsules for treating Parkinson's disease. The drug will be produced at the company's Ahmedabad facility, making Zydus eligible for 180 days of exclusivity for Amantadine capsules.
Nippon India Growth Fund and Franklin India Prima Fund, both midcaps, have demonstrated remarkable performance this year, boasting returns of 27.44% and 31.68% respectively. As of now, their NAVs stand at Rs 4,095 and Rs 2,758, respectively.
In the Nifty pack, 21 stocks closed in the green, while 29 stocks ended in the red.