Heavy rains and strong winds are forecast for India's major cotton and peanut growing areas in Gujarat, potentially causing floods and damaging crops near harvest. A developing cyclone may intensify wind speeds, risking further agricultural and infrastructural impact.
The World Gold Council has revised its forecast for India's gold consumption in 2024 to 850 tonnes, up from 750 tonnes. The increase is attributed to a good monsoon and a reduction in the duty on gold. The demand is driven by jewellery, with the trend expected to continue during the Diwali-Dhanteras period. Meanwhile, gold ETFs in India are also witnessing growing interest as gold increasingly becomes a financial instrument.
In an age of quick information uptake through social media and television, traditional long-form reading is seen as a privilege and luxury for a select few. Despite this, the small dedicated readership allows writers to focus on quality content rather than worry about mass appeal.
With just 10 weeks until Election Day, both Vice President Kamala Harris and former President Trump are intensifying and amplifying their campaigns.
The mines ministry has proposed enforcing quality controls on the sale of primary lead, refined nickel, zinc, and tin ingots in the country. These controls, formulated by the Bureau of Indian Standards, would require licences for sale and aim to support MSMEs and prevent substandard imports. Stakeholders have 60 days to submit suggestions on the draft Quality Control Orders.
The Delhi High Court has ruled in favor of Tiger Global, dismissing the tax department's claim that the firm's Mauritius-based entities were mere facades to avoid capital gains tax in the 2018 Flipkart-Walmart deal. The court upheld the validity of tax residency certificates (TRCs) issued by Mauritius, emphasizing that investments through Mauritius shouldn't be viewed with suspicion. This decision reassures foreign investors who benefited from tax treaties before 2017 and strengthens Mauritius' position as a financial hub. Читать дальше...
The US economy experienced significant growth, expanding at a 3% annual rate last quarter, driven by strong consumer spending and business investment, according to an upgraded government report. This marked an improvement from the previous 2.8% rate. Inflation has also fallen sharply since 2022, and the Federal Reserve may soon cut interest rates.
A biopic on the life of comedian and television host Steve Harvey is officially in development, generating widespread speculation and excitement among fans. Titled Seventy-Two, the film will center on a critical 72-hour period in Harvey’s life.
Incessant rains and increased hydro and wind power generation have caused a sharp fall in power prices on the Indian Energy Exchange this August. With daily prices significantly lower than last year, distribution companies and open access consumers find a strategic opportunity to optimize power procurement costs. The weather conditions have also reduced peak power demand compared to last year.
Raymond Lifestyle plans to add 900 stores in the next three years and targets 12-15% annual sales growth, says chairman Gautam Singhania. The demerged unit of Raymond will list on the bourses on September 5. The demerger aims to unlock shareholder value by focusing on the lifestyle business. Investments in the UK, EU, and Australia are seen as opportunities. Previously, Raymond sold its FMCG business and demerged its lifestyle and real estate units.
US stock market's FAANG stocks are known for high valuations and investor Marc Faber voice his opinion.
While achieving financial inclusion for women remains a challenge, fintech holds the potential to drive significant progress by delivering tailored and affordable solutions. For instance, extending credit to women—particularly through small, manageable loans with flexible repayment options—can be effectively facilitated via mobile apps.
The concept of happiness is based on a deep sense of satisfaction. It emphasizes the importance of a calm mind, noting that compassion and affection are key to mental calmness. And, mental peace and inner strength also contribute to a happier life.
The fragrances of sandalwood, jasmine, or patchouli create a peaceful atmosphere while the curling smoke serves as a reminder of life's fleeting beauty, offering introspection and a sense of sanctuary.
India has seen a continuous gap between deposit and credit growth for three years. As of July, deposit growth stood at 10.5%, while credit growth was over 13%. Factors like increased currency in circulation and RBI's monetary tightening are contributing to this trend.
Telegram could face stricter EU digital rules as Brussels probes whether the popular messaging app -- whose founder faces criminal charges in France -- has more users in the bloc than claimed. But now independently of the French probe, the European Commission is investigating whether Telegram has the minimum number of users that would require it to comply with more stringent rules.
The Department of Telecom has removed the penalty clause for telecom entities violating interception norms under new rules. The Telecommunications (Procedures and Safeguards for Lawful Interception of Messages) Rules, 2024, mandate telecom entities to ensure adequate safeguards against unauthorised interceptions and retain the process of issuing interception orders, valid for 60 days and renewable for up to 180 days.
Police in Maharashtra have filed an FIR against artist Jaydeep Apte after the collapse of a statue of Chhatrapati Shivaji Maharaj. Apte's family, who vacated their home due to safety concerns, had their statements recorded by the police. Apte and structural engineer Chetan Patil are being investigated following a Public Works Department complaint.
The Meghalaya Police are investigating the death of Bangladeshi Awami League leader Ishaque Ali Khan Panna. His semi-decomposed body was found in a betel nut plantation near the Indo-Bangladesh border. Authorities are coordinating with local officials and relatives for body identification and further investigation is underway.
Controversy has been generated by Trump's usage of Beyonce, Foo Fighters, and Celine Dion songs during his campaign. In order to stop illegal use, artists have objected and looked into legal possibilities; this has brought attention to the difficulties associated with music licensing in political campaigns.
The resurgence of mpox in Africa, particularly in the Democratic Republic of Congo, is compounded by broader sociopolitical and economic challenges. Overcrowded camps and limited resources hinder healthcare efforts as the disease spreads. Measures by global agencies like WHO and Africa CDC fall short, highlighting the need for a coordinated international response to address underlying vulnerabilities.
"Hellboy: The Crooked Man" introduces a new tale of Hellboy as he faces a ghost from his past. Set in the 1950s, Hellboy and a rookie agent are stranded in rural Appalachia, where they encounter witches and a local devil. The movie premieres in UK theatres on September 27.
Warren Buffett's Berkshire Hathaway is currently making headlines for touching the $1 trillion mcap mark, being one of the first nanotech companies in the world to do so. This can be considered as a birthday gift for Buffet, who touches 94 years of age on August 30.