Moody's Rating on Wednesday said it has maintained a stable outlook on Tata Steel, expecting the domestic steel major to improve its earnings over the next two financial years.
Gujarat faces severe flooding due to relentless rains, prompting Congress to criticize PM Modi's 'Gujarat Model'. Congress leaders Mallikarjun Kharge and Rahul Gandhi urge for immediate government action. With a rising death toll and thousands evacuated, rescue operations are underway with involvement from various agencies, including NDRF and the Indian Army.
Mahindra Group Chairman Anand Mahindra has shared his support for the Indian Paralympics 2024 team via social media. Using OpenAI's ChatGPT to generate a graphic, Mahindra expressed his excitement and optimism for the team's potential, drawing positive responses from X users.
UPI is an instant real-time payment system developed by NPCI to facilitate inter-bank transactions through mobile phones. NPCI backed RuPay debit and credit cards compete with international networks like Visa and Mastercard. Speaking at the same Fintech Fest, the Governor also said RBI will focus on strengthening financial infrastructure, including cross-border payment systems. “India, with its tech talent and evolved fintech ecosystem, holds the potential to serve as a global hub for digital innovation and fintech startups,” he said.
India is now the second largest market for natural diamond jewellery after the US, surpassing China. De Beers has partnered with Tanishq to promote natural diamonds in the country. The collaboration aims to boost consumer education and interest, driven by India’s vibrant economy, growing middle class, and significant potential for further growth in diamond jewellery consumption.
Ben Affleck was spotted with Kick Kennedy prior to his romance with Ana de Armas. Perhaps their friendship started earlier. Following their breakup, Affleck got back in touch with Kennedy, and De Armas later moved out of Los Angeles as a result of pressure from the media.
Indian equity indices closed slightly higher on Wednesday, with IT stocks leading the gains. Rupak De of LKP Securities noted that a close above 25,100 could signal further gains, while a failure to maintain this level might lead to selling pressure, with immediate support at 24,800.
BJP leader Lahar Singh Siroya, also a Rajya Sabha member, had on Sunday questioned the allocation of Karnataka Industrial Area Development Board (KIADB) land to the trust run by Kharge's family and asked when did they become aerospace entrepreneurs to be eligible for the land. He had also sought to know whether the case was about misuse of power, nepotism and conflict of interest.
Rajwinder Singh Bhatti has been appointed as the new Director General of the Central Industrial Security Force (CISF) and will serve until September 2025. Daljit Singh Chauhary, the current DG of Sashastra Seema Bal, will take over as the new Director General of the Border Security Force (BSF) until November 2025.
Setting aside the Karnataka Electricity Regulatory Commission's (KERC) earlier order that reduced the tariff payable to Hirehalli Solar Power Project, a solar energy project by land-owning farmers, from Rs. 8.40 per unit to Rs. 4.36 per unit, the top court said that the tribunal had rightly restored the tariff of Rs 8.40 per unit and directed Bangalore Electricity Supply Co (BESCO) to pay the farmers the difference in per unit tariff along with the late payment surcharge.
There are major chances of recession hitting the American markets, according to latest revelations by Jim Rogers. Rogers has predicted already that the next market crash could be the worst one in recent times, and he is extremely worried about what's going to happen next.
The government has appointed interim chairmen for Indian Oil Corp and HPCL for three months as the current chairmen are retiring at the end of August. Satish Kumar Vaduguri and Rajneesh Narang will take over as interim heads of Indian Oil and HPCL, respectively, starting September 1.
The Reserve Bank of India has designated the Fintech Association for Consumer Empowerment (FACE) as a Self-Regulatory Organisation in the FinTech Sector. The RBI received three applications, including FACE, for this recognition, and one application has been returned for resubmission. The governor indicated that more such organisations could be approved in the future.
At the first roundtable meeting with the minister, since he took charge in June, the 10 central trade unions submitted a joint demand charter to the minister asking government to immediately convene the Indian Labour Conference, scrap the Labour Codes and start dialogue in ILC for changes in laws to the satisfaction of all concerned, and immediate halting of privatisation across sectors.
The MoU facilitates the revision of the wage structure and addresses other service conditions, including pensionary benefits. It was agreed that the fitment benefit of 8.5% on the aggregate amount of basic pay as of December 31, 2021, plus 30% Variable Dearness Allowance (VDA) as of January 1, 2022, shall be granted.
Neeraj Chopra, the Paris Olympic medallist, extended his best wishes to the Indian contingent participating in the Paris 2024 Paralympics. India's largest-ever contingent of 84 para athletes will compete in 12 sports. The opening ceremony will have Sumit Antil and Bhagyashri Jadhav as India's flagbearers. India's campaign begins with para archery and para badminton on Thursday.
Former WFI chief and BJP leader Brij Bhushan Sharan Singh has moved the Delhi High Court challenging the ongoing proceedings in the trial court based on complaints from women wrestlers. In the previous proceeding, witness statements were being recorded by the court. The Delhi police on June 15, 2023, filed a chargesheet against Singh and Vinod Tomar on the allegations of sexual harassment and intimidation.
India is also trying to build and help countries in the global south with DPI (Digital Public Infrastructure). "For a long time, India has always been a rule-taker. We just complied with the rules made by the global community, largely driven by the Western nations. But in the fin-tech solutions, fin-tech technologies, and the DPI world, India has an eminent role to play in rule-making because most of the technologies are made in India," Ravi said while addressing Global Fintech Fest in Mumbai.
The Union Cabinet has approved a proposal from the Ministry of Power to provide financial assistance to north eastern state governments for hydroelectric projects through joint ventures with Central Public Sector Undertakings. The scheme, with an outlay of Rs. 4136 crore, aims to support 15000 MW of hydro capacity and will be implemented from FY 2024-25 to FY 2031-32.
A court in Rouse Avenue has denied Abhishek Gupta, CEO of a coaching center, access to a building where three UPSC aspirants died. The denial is due to unresolved safety issues. Despite the court’s decision, students’ studies remain disrupted, prompting questions about coaching safety standards in the area.
Vice Admiral Rajesh Dhankhar has taken over as director general of Project 'Seabird', which focuses on expanding the Karwar Naval Base. Dhankhar, a navigation and direction specialist, succeeds Vice Admiral Tarun Sobti. Project 'Seabird' is the largest defence infrastructure project in India, aimed at enhancing naval capabilities at the strategically important base in Karnataka.
According to the ministry, the projects are result of PM-Gati Shakti National Master Plan for multi-modal connectivity which have been possible through integrated planning and will provide seamless connectivity for movement of people, goods and services.