The Supreme Court is hearing Delhi Chief Minister Arvind Kejriwal's pleas for bail and against his arrest in a corruption case. The CBI argues he should have approached the trial court first. Kejriwal claims no notice was served before his arrest, and he is not a flight risk.
Despite opening on a positive note, Indian benchmark indices retreated on Thursday, mirroring the decline in Asian markets and a drop in US equity futures.
Social Security benefits are subject to federal and sometimes state taxes, a point of contention for retirees. Proposals to eliminate these taxes, including one from Donald Trump, face challenges due to the potential $1.5 trillion revenue loss over a decade and the impact on Social Security's solvency.
As the festival season approaches, seasonal hiring is expected to rise by 20 per cent over last year, with e-commerce leading the trend. Key roles include delivery executives and warehouse workers. Tier-2 and tier-3 cities are seeing the highest surge in demand, according to data from job site Indeed.
Russian President Vladimir Putin expressed a preference for Kamala Harris in the U.S. presidential election, citing her infectious laugh. This comes after the U.S. Justice Department charged two Russian media executives with attempting to influence the election. Putin's comments were made during an economic forum in Russia's far east.
Brad Pitt and Ines de Ramon made a notable appearance at the 81st Venice Film Festival. De Ramon, previously married to actor Paul Wesley, has a successful career in the jewelry industry. Fluent in multiple languages and a certified health coach, she has been linked with Pitt since late 2022.
Kamala Harris and Donald Trump will face off in their first televised debate next week. This high-stakes event could influence the final stretch to Election Day. Harris aims to highlight her priorities and counter Trump's attacks, while Trump seeks to challenge her momentum. Both candidates are presenting themselves as agents of change.
Under the DMT framework, banks can appoint intermediaries and agents (business correspondents) to collect cash from migrants and send it to their relatives. The cash is then deposited into a common account before being transferred to the recipient’s UPI account.
Short covering occurs when traders repurchase shares they had previously sold short, often prompted by a change in market sentiment or new information. This typically reduces open interest and can push stock prices higher. On Thursday, five stocks experienced short covering.
Maharashtra Culture Minister Sudhir Mungantiwar announced the state government's plan to establish a film city on 100 acres in Nagpur district. The facility will host various film and serial productions. Additionally, Mungantiwar commented on the arrest of sculptor-contractor Jaydeep Apte regarding the collapse of Chhatrapati Shivaji Maharaj's statue, stating legal action should follow if wrongdoing is proven.
Malabar Gold & Diamonds plans to launch 20 new showrooms in October across India, the GCC countries, and the USA. This expansion will increase their global showroom count to 375. New Indian locations include Uttar Pradesh and Maharashtra while international openings are planned for Sharjah, Qatar, Saudi Arabia, Los Angeles, and Atlanta.
A 12-year-old boy from Doncaster, South Yorkshire, suffered a cardiac arrest after inhaling deodorant as part of the dangerous 'chroming' challenge on TikTok. His mother performed CPR until paramedics arrived. The boy was placed in a medically induced coma but has since recovered. His mother warns others about the risks of chroming.
Prime Minister Narendra Modi highlighted India's significant progress in solar energy, noting a 32-fold increase in capacity over the past decade. He expressed confidence in achieving the 500 GW renewable energy target by 2030. Modi emphasized democratizing technology and empowering developing countries to support green energy investments.
Prime Minister Narendra Modi will launch the "Jal Sanchay Jan Bhagidari" initiative in Surat, Gujarat, to enhance community involvement in water conservation. This initiative aligns with the "Jal Shakti Abhiyan: Catch the Rain" campaign and aims to mobilise citizens and stakeholders to implement rainwater-harvesting structures, promoting sustainable water management across India.
Fitch Ratings' Jeremy Zook anticipates a 25 basis points rate cut in the coming months, though this could be delayed due to persistent food inflation. Despite a slight dip in Q1 GDP, Fitch maintains a strong growth forecast for India. Private capex remains crucial for sustained medium-term growth and potential ratings upgrade.
Bajaj Allianz Life Insurance has introduced the Bajaj Allianz Life Nifty 200 Alpha 30 Index Fund, available with its ULIP products. The fund targets high-alpha stocks from the Nifty 200 Index, aiming for long-term growth and diversification. The NFO closes on September 15, offering a blend of life cover and investment opportunities.
India's SM REITs market is expected to exceed $60 billion by 2026, with Mumbai leading in potential completed stock. The new framework aims to enhance transparency and investor protection, offering steady returns. This development aligns with recent tax reforms, making SM REITs a more attractive investment option.
Reliance Bonus Shares: Mukesh Ambani-led RIL has announced a significant corporate move: the board has approved the issuance of bonus shares at a 1:1 ratio, as disclosed during the company's AGM. The record date for this bonus issue will be provided at a later date. The bonus shares will be distributed from the securities premium account, general reserve, or retained earnings as of March 31, 2024.
Das emphasised the financial sector's role in bridging the gender gap by providing more employment opportunities for women and creating tailored schemes for women-led businesses. He highlighted the need for inclusive growth, improved education, skill development and workplace safety to empower women entrepreneurs and MSMEs.
Meta has announced a two-year partnership with the Telangana government to enhance e-governance and citizen services using AI technologies. The collaboration aims to empower public officials and citizens with emerging technologies like AI, focusing on improving public service delivery and government efficiency through Meta's open-source generative AI technologies.
A sessions court granted anticipatory bail to a 46-year-old man accused of raping his 30-year-old former live-in partner. The judge noted the relationship was consensual but soured. The woman denied signing a contractual live-in agreement presented by the accused. The court required the accused to cooperate with the investigation.
Nazara Technologies has partnered with the Telangana government to set up an AI centre of excellence focused on gaming and digital entertainment. The initiative will drive research, development, and innovation in areas like interactive media and gamified learning, leveraging technologies such as AI, VR/AR, blockchain, and Web 3.0.
Darshan Thoogudeepa Renukaswamy Murder Case: Kannada actor Darshan Thoogudeepa and others have been charged in the Renukaswamy murder case. A disturbing photo of the victim pleading for his life has surfaced. The chargesheet includes forensic evidence linking Darshan to the crime. Renukaswamy was allegedly tortured and killed after sending inappropriate messages to Darshan's friend Pavithra Gowda.