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Biden opted out of the presidential race and endorsed his deputy Kamala Harris, their Republican rival Donald Trump's campaign said it was a «once-in-a-lifetime» opportunity to «defeat not just one Democrat nominee for president, but two in the same year.» In a memorandum issued on Monday as Vice President Kamala Harris kicked off her presidential campaign, the Trump Campaign took credit for Biden's decision to drop out of the race and asserted the "'War on Democracy' will be stopped by the man who took a bullet for democracy".

Nirmala Sitharaman will present the Union Budget 2024-25 in Parliament, marking her seventh consecutive budget presentation. This milestone surpasses the record set by Morarji Desai, who presented six consecutive budgets. The budget session, which started on July 22, is scheduled to end on August 12.

US Vice President Kamala Harris addressed her presidential campaign staff at Wilmington headquarters for the first time on Monday (local time) and laid out the case against Republican presidential candidate Donald Trump, offering a preview of the campaign to come, CNN reported.

Budget 2024 Live Updates: Finance Minister Nirmala Sitharaman is all set to present her seventh consecutive Union Budget on July 23. This will be the first full financial budget of the Prime Minister Narendra Modi-led National Democratic Alliance (NDA) government in its third consecutive term. The Union Budget 2024-25 is expected to focus on revising the income tax structure to benefit taxpayers in all segments and enhancing the ease of doing business in India.

US President Joe Biden has decided to end his political campaign. There were numerous concerns pertaining to his health and his chances of victory in the upcoming presidential election in November. Biden has withdrawn from the race but has endorsed Vice-President Kamala Harris. She is expected to receive a presidential nomination during the party’s national convention in August.

American Airlines and the union representing its flight attendants have a deal on a new contract

U.S. stocks closed lower, extending a slump that left Wall Street with its worst week since April

humanoid robot, known as Optimus, would be operational in Tesla factories by year's end and available for purchase by late 2025.The development of humanoid robots has been ongoing for several years, with notable advancements from Japan's Honda and Hyundai's Boston Dynamics. These companies are aiming to address potential labor shortages and manage tasks that are either hazardous or monotonous, such as in logistics, warehousing, and manufacturing.Despite Musk's ambitious promises, there is a track record of unmet expectations, including his 2019 declaration that Tesla would launch a network of autonomous "robotaxi" vehicles by 2020.

When excluding one-off special payments, regular dividends reached £32.5bn, also representing a new record and a 1% increase year-on-year on a constant currency basis, according to Computershare's Q2 UK Dividend Monitor.  This low underlying growth rate of just 1% can be attributed to a volatile mining sector which saw a second consecutive year of cuts, reaching £2bn in Q2. Had the mining sector been excluded from the data, growth would have been recorded at 8.6%. Growth was notably broad-based too, with 16 out of 21 sectors seeing increased payouts. HSBC regains crown as top UK...

Ahead of a lunch meeting with Vice President Kamala Harris at the White House in March, JPMorgan Chase Chief Executive Jamie Dimon didn’t know what to expect. Dimon wasn’t sure of her political agenda when it came to the economy and business.

BigBloc Construction on Monday said its board has approved the issue of one bonus share for every equity share held by shareholders. The board of directors in its meeting on July 19 recommended the issue of bonus equity shares in the proportion of 1:1, that is, one bonus equity share for every existing equity share held by the company shareholders as on the record date, the company said in a filing. During the day, shares of the company soared to 7 per cent to hit Rs 284.90 apiece on the BSE.

Economic Survey 2024 Live UpdatesThe Union government tabled the Economic Survey 2023-24 in Parliament. The Economic Survey document, prepared by the Economic Division of the Department of Economic Affairs in the Ministry of Finance and formulated under the supervision of the chief economic adviser, gives insights into the state of the economy and various indicators of 2023-24 (April-March) and some outlook for the current year.

Chinese challenge. The Economic Survey has called it the Chinese Conundrum. The Survey highlights that it would be wrong to presume that India will automatically take over the manufacturing space vacated by China due to changes in global supply chains.

IT sector and a significant presence of high-net-worth individuals (HNIs) have made Hyderabad a prime target for cybercriminals. In 2023, Telangana reported the highest share of malware attacks in India, accounting for 15% of the country's total, according to the latest India Cyber Threat Report.

World Gold Council (WGC), many consumers have shifted from jewellery to gold bars and coins as the prices of the yellow metal have surged, making it a preferred asset class among investors. Seasonal factors and high prices have dampened the demand for gold jewellery. At the same time, anecdotal reports indicate persistent demand for bars and coins, indicating a likely shift from jewellery to bars and coins for some consumers. Moreover, there hasn’t been significant distress selling of gold or profit taking from gold sales that are being reported, as consumers anticipate further price increases, said Kavita Chacko, research head, India, WGC. The period from mid-May to July is typically a slack season for jewellery purchasing. A potential revival in demand is expected with the onset of the festival season in the latter part of Q3. The sustained momentum in the domestic economy, coupled with favourable progress in monsoons and crop sowing, has raised expectations of an uptick in demand (both rural and urban) in the coming months.

HCL Technologies, Data Patterns and Shriram Finance among a host of other companies are likely to remain in focus on Monday as they declared July 23 as the record date for the purpose of determining the eligible shareholders for the dividend payment. This means that today is the last day to buy the shares of these companies in order to be able to qualify for the dividends announced.

Caitlin Clark and Angel Reese marked the strongest first half of the WNBA season since the league's 1997 inception. Talks to finalize an «historic» WNBA media deal that press reports suggest would be around $200 million a year, up from $60 million currently, reinforces the rising popularity of the league and women's professional sports in general, Commissioner Cathy Engelbert said on Saturday. With Saturday's WNBA All Star Game followed by a month-long Olympic break, players, league executives and media partners are hoping for the momentum carry through to the second half of the season.

CapitaLand India Trust, formerly known as Ascendas India Trust, part of CapitaLand Group, has acquired realty developer Aurum Ventures’ 22-storey, fully leased sustainable office tower, spread over 8.5 lakh sq ft in Navi Mumbai’s Ghansoli locality, for Rs 707 crore, said people with direct knowledge of the development. The deal is among the largest acquisitions of a standalone commercial tower by any global institutional investor in India. CapitaLand India Trust Management has acquired the multi-tenanted tower ‘Building Q2’ in Aurum Q Parc in its capacity as trustee-manager of CapitaLand India Trust, a Real Estate Investment Trust (REIT) focusing on India.

chicken for himself but told the waiter to bill it as a vegetarian dish. This was treated as quite routine. I was reminded of this while reading Avay Shukla’s memoir of IAS life, 'The Deputy Commissioner’s Dog and Other Colleagues'. Since liquor is not allowed at government dinners, it is simply billed as chicken, he wrote: “A peg of single malt is worth a whole chicken, a Scotch two legs, a shot of rum is equivalent to a wing…” This kind of creativity comes up whenever people find consumption habits constrained. Yes Minister, the British TV serial, depicted this with an episode set in a Middle Eastern country with strict prohibitions on alcohol. So, at an official reception, the British set up a secure communications room where the booze is stored and periodically, the minister and bureaucrats visit it for a ‘message’ from “Mr Johnny Walker from the Scotch Office”, “Mr Smirnoff from the Russian embassy” or “a delegation of Teachers”.

Out of the lot, two are Nifty companies, i.e., HCL Tech and Shriram Finance, along with other names like PFC, MRF, and RBL Bank.

rainfall distribution during June and July has been uneven, resulting in significant rain deficits ranging from 20-49% in nine states, including Jharkhand, Himachal Pradesh, Punjab, Haryana, Odisha, and Bihar. Six states, predominantly in the south peninsula, have reported excess rainfall from June 1 to July 20, reported The Times of India. Jharkhand has faced the highest deficit at 49%, while Tamil Nadu has seen an 83% surplus compared to their normal rainfall levels.