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Mint analysis of consolidated financials of over 1,800 companies showed that the cash flow for purchase or creation of fixed assets (CFA) by these companies, or simply capex, increased by 19% in FY24. This was nearly the same as the 20% compound annual growth rate (CAGR) recorded during FY21-23, but a significant improvement from the -1.6% CAGR during FY19-21 The analysis is based on a common sample of companies for which data has been available for the last six years. The data excludes BFSI (banking, financial services, and insurance) and IT services.

international airport that is being planned for Bengaluru will be as large as the Kempegowda International Airport (KIA) and would require about 4500-5000 acres of land, Industry & Infrastructure Minister MB Patil said on Wednesday. The KempeGowda International Airport, operated by the Bangalore International Airport Limited (BIAL) has been the third busiest airport in the country after Delhi and Mumbai. The airport recorded the highest-ever passenger traffic with 37.5 million travelers in the year 2023-24 and handled 439,524 metric tonnes of cargo. The international airport will reach its peak passenger and cargo load capacity by 2035, and the state government has to plan a second airport well ahead of time, the minister told a media conference.

coal sector has registered a growth of 10.2 per cent among all eight core industries of the economy in May, the government said on Thursday. The index of coal industry has reached 184.7 points during May as compared to 167.6 points during the same month last year. «The coal sector has demonstrated highest growth of 10.2 per cent (provisional), following the electricity industry among the eight core industries for the month of May, 2024 as per the Index of Eight Core Industries (ICI)) (Base Year 2011-12) released by Ministry of Commerce & Industries,» the coal ministry said in a statement. The driving force behind growth can be attributed to a considerable rise in coal production during May. This increase in production underscores the sector's capacity to meet growing demand of energy and manufacturing industries.

IMD) has issued an orange alert for Mumbai and several districts in Maharashtra's Konkan region, predicting heavy to very heavy rainfall on Saturday. Mumbai, Thane, Palghar, Raigad, Ratnagiri, and Sindhudurg are all under the alert, with the city already experiencing significant rain over the past few days. Heavy rainfall this morning has resulted in waterlogging and traffic disruptions across Mumbai. According to the IMD, the city has recorded 61.69 mm of rain in the last 24 hours. Additionally, authorities have warned of a high tide of 3.87 meters expected in Mumbai at 4:06 pm today. The maximum temperature is likely to hover around 29 degrees Celsius, while the minimum may settle at 24 degrees Celsius. «An orange alert has also been issued for Thane, Palghar, Raigad, Ratnagiri, and Sindhudurg districts in Maharashtra's Konkan region.»

Delhi High Court on Tuesday issued contempt notice to Spicejet, its directors and officers as to why contempt proceedings should not be initiated against them for non-compliance of its May 27 order that had asked the low-cost airline to hand over two Boeing aircraft and three aircraft engines to its lessor TWC Aviation Capital. However, the division Bench of the HC on Tuesday said that contempt proceedings will be dropped if Spicejet complied with its directions within a with by July 8. The division bench of the Delhi High Court on May 27 had asked SpiceJet Ltd to hand over two Boeing aircraft and three aircraft engines along with technical records to its lessor TWC Aviation Capital on or before June 17 for failing to pay dues of $14 million, as ruled by a UK court.

Why Reliance’s investors opposed board roles for Saudi businessman and Khaitan While JFSL’s split led to 46% promoter shareholding, close to a simple majority of 51%, the same exercise may give RIL’s promoters a mere 33% stake in Jio Platforms. Jefferies offers them a solution — raise their stake in Jio after the listing to bring it closer to 51%, as they did with JFSL. But there’s a problem.

A long Fourth of July holiday weekend in the United States is expected to create new travel records

Wall Street’s record-breaking rally kept going after weak reports on the economy kept the door open for possible cuts to interest rates

Hong Kong, Jul 05, 2024 -Asian markets were largely down on Friday, a day after Tokyo's indexes hit record highs as traders prepared for a key US jobs report while European exchanges edged up on calming electoral news from the United Kingdom and France. Japan's Nikkei 225 ended flat while the broader Topix index, which a day earlier surpassed its previous peak set in 1989, also shed some of its gains.

Goa for the fourth day in a row on Tuesday, which led to waterlogging in low-lying areas and traffic congestion in state capital Panaji and other cities. The India Meteorological Department (IMD) has issued a 'red alert' for Goa on Tuesday, saying heavy to very heavy rainfall was very likely at a few places and extremely heavy rainfall at isolated places with strong surface winds over North Goa and South Goa districts. Continuous rain with short intense spells and winds gusting to 50 kmph are very likely in the coastal state, as per the IMD. Fishermen are advised not to venture into the sea during the 'red alert', while people have been asked to avoid visiting flood-prone areas.

Indian benchmark indices soared to fresh all-time highs on Tuesday, led by gains in auto and pharmaceutical stocks. Analysts said the uninterrupted rise in equities since the election results on June 4 has resulted in an overbought market, although a big reversal is unlikely for the moment. NSE's Nifty rose 112.65 points or 0.46% to close at 24,433.20, having hit a lifetime high of 24,443.60 during the day. BSE's Sensex rose 391.26 points or 0.49% to end at 80,351.64, down from an intraday record of 80,397.17.

financial services major Capital Group, and asset management companies T Rowe Price, Fidelity and Vanguard have all acquired stakes in PB Fintech, which runs insurance marketplace Policybazaar and credit marketplace Paisabazaar, people in the know said. “Capital Group through various of its investment vehicles now owns around 10% in the company,” said a person with knowledge of the matter.

tech stocks lifted US and global shares to new highs ahead of inflation data due later Thursday. Equities in Japan and Australia and futures for Hong Kong stocks all rose, echoing the bullish pulse on Wall Street on Wednesday that led the S&P 500 and Nasdaq 100 each more than 1% higher to records. The S&P 500 has advanced in each of the past seven sessions, its longest winning streak since November, helping propel a gauge of global equities to a record.

Enforcement Directorate has filed a charge sheet and also attached assets worth more than Rs 4 crore of former Jharkhand rural development minister Alamgir Alam, his ex personal secretary and the aide's domestic help as part of a money laundering investigation. In a statement on Saturday, the federal agency said it has issued a provisional attachment order under the Prevention of Money Laundering Act (PMLA) on July 4 against Alamgir Alam, his former PS Sanjeev Kumar Lal, Lal's wife Reeta Lal and his domestic help Jahangir Alam. The cumulative value of all these assets recorded under the attachment is Rs 4.42 crore, it said. A charge sheet against these accused, except Reeta Lal, was also filed before a special PMLA court in Ranchi on Thursday, the agency said.

Jefferson Lerma scored in the 39th minute, and Colombia played a man short the entire second half in a 1-0 win over Uruguay on Wednesday night to reach the Copa America final against Lionel Messi and Argentina. Daniel Munoz was ejected in first-half stoppage time for his second yellow card, but Colombia held on to reach the championship for the first time since winning its only Copa title as host in 2001. Colombia extended its unbeaten streak to a team record 28 games, one more than from 1992-94 and the longest current streak in men's soccer. In a contentious match that included seven yellow cards and one red, players from both teams pushed and shoved in a scrum on the field at the final whistle and some players went into the stands to scrap with fans.

box-office collection prediction is out and Ryan Reynolds and Hugh Jackman's movie has been backed to achieve the biggest debut for a R-rated movie. Currently, 2016-release 'Deadpool' holds the record with a collection of $132.4 million, as per a report on Deadline. Box-office forecasters have claimed that «Deadpool & Wolverine» would witness a box-office debut a $160 million-$165 million. Also Read: LeBron James, son Bronny to make NBA history with Los Angeles Lakers. Check basketball legend's contract details, career stats, salary

Sebi on Monday proposed a relaxed regulatory framework for the passively managed mutual fund (MF) schemes in a bid to reduce compliance requirements. Considering the lesser risk inherent in managing passively managed MF schemes, the proposed MF Lite intends to reduce the compliance requirement, foster innovation, encourage competition and promote ease of entry for the MFs interested in launching only passive schemes, Sebi said in its consultation paper. Passively managed MF schemes replicate an underlying index such as ETFs and index funds where portfolios of index funds can be easily tracked. Active fund schemes requires expert fund managers who define investment philosophy and select securities. The present regulatory framework for MFs is however uniformly applicable for all MF schemes and does not differentiate regarding the applicability of provisions relating to entry barriers — net worth, track record, profitability — and other compliance requirements for entities who may be desirous of launching only passive funds.

China is known for its mega hydroelectric plants and giant thermal power projects not only on its land but in many other countries as well, it has set a record by switching on the world's largest solar plant, which has more than five million panels. According to the TCD, the government-controlled China Green Electricity Investment of Tianjin has switched on the 3.5 GW Midong PV farm in Urumqi, Xinjiang region. It is a subsidiary of China Green Development Group (CGDG). China Construction Eighth Engineering Division Corp and Power Construction Corporation of China (PowerChina) invested a massive amount of CNY 15.45 billion in this project. Also Read: Bando Stone & The New World: Here’s all we know about release date, trailer, plot and more

Gold slipped after the biggest weekly advance in three months, with central-bank purchasing patterns in focus.

Miki Sudo, gobbled down 51 hot dogs within 10 minutes to bag the champion's title. Nathan's Hot Dog Eating is indeed a very popular contest in the US, with numerous participating trying their best to gobble hot dogs, as many as they can, within a few minutes, but it is only the 'real foodies' who win in the end.

Ericsson has reported a 44% on-year fall in sales in the second quarter of calendar 2024 in market area Southeast Asia, Oceania and India, primarily due to a moderation in network capex spends by India's top two telcos, Bharti Airtel and Reliance Jio, post-completion of their pan-India 5G rollouts. Ericsson's sales in the Southeast Asia, Oceania and India market area plunged to 7.7 billion crowns (₹6,116 crore approx) in Q2 2024, from 13.8 billion crowns (₹10,961 crore) in the year-ago period. Sequentially, the vendor's net sales in this region was down 10%. «Sales decreased by -44% YoY. Networks sales declined primarily in India as investment levels have normalised after a record year in 2023,» Ericsson said in its earnings report Friday.