Rupee ends flat as mild inflows, exporter dollar offers counter weak Asian peers
The rupee remained stable at 83.5825 against the U.S. dollar, supported by exporter sales amid weaker Asian currencies, including a 0.1% drop in the yuan.
The rupee remained stable at 83.5825 against the U.S. dollar, supported by exporter sales amid weaker Asian currencies, including a 0.1% drop in the yuan.
India's ambitious goal to become a developed nation by 2047 relies heavily on a robust real estate sector. Contributing 7.3% to GDP, real estate drives job creation, supports allied industries, and boosts economic growth. Key policy measures in Union Budget 2024, such as tax rationalization and land utilization, are essential for sustained sectoral and national development.
The equity AUM of the US-based funds reached a record Rs 30.2 lakh crore ($361 billion), equivalent to 70% of the total equity value of India's domestic mutual funds.
Elon Musk announced that Tesla and xAI are hiring network engineers and technicians through a post on X. He previously criticized MBAs for losing sight of goals. Musk, the CEO of Tesla and xAI, owns X. xAI, aiming to "understand the true nature of the universe," secured $6 billion funding and introduced Grok, an AI chatbot competing with OpenAI's ChatGPT.
Google has been steadily expanding its cybersecurity offerings in recent years. Alphabet is in advanced talks to acquire Wiz, in an up to $23 billion deal that would be Google's most expensive acquisition and provide it with cybersecurity products that defend against ransomware gangs, a person familiar with the matter said on Sunday.
As global temperatures rise, melting ice sheets at Earth's poles are lengthening the planet's day at an unprecedented rate, a new study reveals. This phenomenon, driven by climate change-induced sea-level rise, alters Earth's shape and slows its rotation. Researchers warn that if emissions persist, the increase in day length could more than double by the century's end, underscoring the profound impact of climate change on planetary dynamics.
Major crypto tokens had a mixed day with some recording gains and others facing losses. Bitcoin and Ethereum remained stable, with Bitcoin briefly touching $65,000.
Karnataka Deputy Chief Minister D K Shivakumar announced to the Legislative Assembly that due to increased inflow into major reservoirs in the Cauvery river basin from good rains, 1.5 tmcft of water flows daily to Tamil Nadu's Biligundlu, potentially resolving the water release issue. The Cauvery Water Regulation Committee directed Karnataka to release 1 tmcft of water daily to Tamil Nadu until month-end. The state's reservoirs are at 63% capacity, impacting daily water release. Opposition Leader... Читать дальше...
India's manufacturing sector is poised for robust growth, targeting a 9.1% CAGR over five years to elevate its GDP share to 20%. Key drivers include strategic reforms, Production-Linked Incentives (PLI), and improved logistics efficiency. The focus on sunrise sectors like solar PV and semiconductors, backed by substantial private sector investments, aims to enhance competitiveness and reduce import reliance amidst global supply chain shifts.
The Shree Jagannath Temple Administration will reopen the inner chamber of the Ratna Bhandar to transfer ornaments to a temporary storeroom. The process, following a meeting attended by key officials, aims to ensure the safety and security of the valuable items within the 12th-century shrine.
A recent study published in JAMA suggests that children with both COVID-19 and early type 1 diabetes may show symptoms of the autoimmune disorder sooner. The research highlights the potential impact of the virus on diabetes development in youngsters.
The Global Trade Research Initiative (GTRI) has raised concerns over UAE's precious metals imports to India under the CEPA, urging an investigation due to negative impacts on domestic industries and potential revenue loss. GTRI highlighted issues of tariff arbitrage, money laundering possibilities, and the need for a review of the agreement.
Covering the world's luxurious homes: Buckingham Palace, Ambani’s Antilia with a 168-car garage, Villa Leopolda’s WWII role, Odeon Tower’s open-air amphitheatre, Villa Les Cèdres, Kensington Gardens, Four Fairfield Pond, Malibu Mansion, Les Palais Bulles in Cannes, and Ellison Estate. These estates are known for their architectural brilliance and opulent amenities.
Former chief justice of Patna High Court L Narasimha Reddy has withdrawn from the one-man Commission of Inquiry in Telangana investigating ex-chief minister K Chandrasekhar Rao's alleged irregularities in the power sector during his tenure, following a plea of bias by Rao. The Supreme Court allowed the substitution of Justice Reddy in the inquiry panel and dismissed Rao's petition challenging the constitution of the commission.
Union Home Minister Amit Shah, on Tuesday, accused the Congress of being anti-backward classes. He claimed that if the Congress comes to power in Haryana, it will remove the reservation for backward classes and allocate it to Muslims. Shah made these statements while addressing a 'Backward Classes Samman Sammelan.'
The agency anticipates a reduction in the Federal Funds rate by a cumulative 50-75 basis points in 2024, followed by an additional reduction of 100-125 basis points throughout 2025. According to the US Bureau of Labor Statistics, the headline Consumer Price Index (CPI) decreased by 0.1% in June.
The key highlight of this number is that the performance was largely driven by the improvement in the product mix in the motorcycle segment. It was largely the 125cc segment that has maintained and despite that the company has reported that kind of growth in overall motorcycle sales.
The RBI said in a circular dated July 16, 2024, “These master directions have been prepared based on a comprehensive review of the earlier Master Directions, circular and emerging issues. These Master Directions are principle-based and strengthen the role of the Board in overall governance and oversight of fraud risk management in the Regulated Entities (REs).”
In an exchange filing on Monday, the metals-to-oils conglomerate announced that its fundraising committee had approved the QIP's launch at a floor price of ₹461.26 per share Vedanta did not respond to ET’s queries. The company also added that it may offer a discount of not more than 5% on the floor price for the issue. The board of the natural resources major had, in May, approved fundraising of up to Rs 8,500 crore, which then got shareholder approval in June.
Budget tax expectations: When Finance Minister Nirmala Sitharaman presents Budget 2024-25 on July 23, Indians will be anxiously anticipating potential changes to the capital gains tax regime. Speculation is rife about alterations to the holding period for computing capital gains tax on real estate, with fears of increased tax burdens and hopes for incentives. The market is abuzz with anticipation and concern as stakeholders await the government's decision on this critical issue.
At the age of 17 in 2008, Indian men's hockey team striker Lalit Upadhyay's career faced a major setback due to his involvement in a scandal despite being innocent. However, through hard work and perseverance, Lalit has managed to rebuild his career, eventually becoming an Olympic medallist.
The government aims to reduce the fiscal deficit to 4.9-5% of GDP in the upcoming Budget, down from the projected 5.1%. Finance Minister Nirmala Sitharaman plans to maintain Rs 11.1 lakh crore in capital expenditure while leveraging revenue buoyancy and potential income tax reliefs to spur consumption and bolster fiscal consolidation.