Record News

By Howard Schneider

Piyush Goyal on Tuesday suggested the auto industry not to import components unnecessarily if the exporting country is not giving equal access to Indian players. He however said that companies can import quality products if those are not available or manufactured domestically. «Where things are being unnecessarily imported without India getting an equal opportunity in those countries I would be tempted....,» he said here at the annual convention of the Society of Indian Automobile Manufacturers. He did not elaborate on these remarks. Goyal also said that the government may have to look at the practices of some of the players in the sector who get dictated by their parent companies on sourcing and pricing of imports of components.

Nyoma Airfield in Eastern Ladakh virtually, Defence Minister Rajnath Singh on Tuesday said that one of the world's highest airfields will boost the air infrastructure and would prove to be a game-changer for the Armed Forces. The Nyoma Airfield will be built at a cost of around Rs 200 crore and is located just 35 km from the Line of Actual Control (LAC) in the Eastern Ladakh sector. The Defence Minister was dedicating to the nation, the 90 infrastructure projects of the Border Roads Organisation (BRO), at an event here in Jammu. The projects are worth over Rs 2,900 crore and spread across 11 states/Union Territories. These include the Nechiphu Tunnel in Arunachal Pradesh; two airfields in West Bengal; two helipads; 22 roads and 63 bridges.

Rajnath Singh on Tuesday called upon domestic defence companies to invest more in research and development for India to keep pace with the evolving world. Addressing the North-Tech Symposium, jointly organised by the army's Northern Command, the Society of Indian Defence Manufacturers (SIDM) and IIT-Jammu, Singh described the country's defence manufacturing sector as «imaginative, innovative, dynamic and progressive». «Though research and development (R&D) is a risky venture as it requires out-of-the-box thinking and sometimes does not give desired results, it still remains one of the basic elements for the development of any country,» he said.

Rajasthan recording the highest inflation rate at 8.6%, easing from 9.7% in the previous month, whereas Delhi had the lowest rate at 3.1%. However, Rajasthan was not the only state to record high inflation, as three others, Haryana, Telangana and Odisha, also noted 8%+ numbers. Rajasthan and Telangana are among the five states headed for election later this year. An ET analysis shows that 13 of 22 states for which data was available recorded a higher number than the national average of 6.8%--a worse situation than last month when 12 states had recorded higher than national average inflation. Economists indicate that states taking measures to supply subsidized tomatoes had something to do with inflation variances across states. “Delhi has lowest at 3% with the state taking measures of supplying tomatoes at subsidized prices to the people contributing to this low number,” said Madan Sabnavis, chief economist, Bank of Baroda. Further analysis indicates that two of the 22 states recorded an increase in retail prices as inflation declined across the country.

Last year I concluded that as a scientist I finally needed to study what effect this decision was having on me and decide whether I should stick to veganism for life or give it up. By conducting a «self-experiment,» the results of which were recently published in Physiology and Behaviour, I found that veganism had benefits for my waistline, did not reduce the pleasure I derived from eating, and — contrary to some previous research that suggested a vegan diet could increase the risk of depression — had no effect on my mental health whatsoever. For most of my adult life, I'd dabbled with pescatarian and vegetarian diets, but they never fully stuck. Then single at the beginning of 2020, I was on a dating app looking for love and met the vegan school teacher.

Good morning,

CBI informed a Delhi court on Tuesday that the requisite sanctions to prosecute former railway minister Lalu Prasad in a case related to an alleged land-for-job scam has been received from authorities concerned. The agency told Special Judge Geetanjali Goel that the sanction with respect to the three other accused was still awaited.

Punjab Chief Minister Bhagwant Mann on Tuesday said the government has given 36,097 government jobs to youth in the first 18 months of its tenure, setting a record by ensuring that nearly 2,000 youth join government service every month. Addressing a function to hand over the recruitment letter to 249 youth for 191 posts in the Local Government Department, 25 in the Animal Husbandry, 24 in the Cooperation and nine in the Technical Education Department here, the Chief Minister said the youth should feel proud as they are becoming a team of the government that is working untiringly for carving out a new Punjab. He said the government has been conducting this recruitment drive completely on merit and jobs are being given only to deserving and needy candidates. Mann said neither any recommendation nor any other tantrum, except merit, is working in this recruitment drive. The Chief Minister said this venue has witnessed a number of such events in which youth have got jobs in various government departments. He said this reflects the commitment of the government to ensure the well-being of the youth and opening new avenues of employment for them. Mann said it is a matter of pride and satisfaction for him that the youth have been selected for these posts purely on merit. The Chief Minister said the government has provided more than 36,097 jobs in various departments.

inflation data for August and industrial production data for July, scheduled to be revealed later today. Global cues were also weak as investors shifted focus to US inflation data on Wednesday and monetary policy meetings of the European Central Bank on Thursday and of the US Fed next Wednesday. European markets were mixed when the Sensex closed.

President Joe Biden has wrapped up a five-day diplomatic sprint through Vietnam and India that put a spotlight on complicated relationships he believes will be crucial for global stability

GENEVA (Reuters) — Global tensions have started to fragment trade as rival trading relationships form, the World Trade Organization (WTO) said on Tuesday, but argued it is premature to declare that globalisation has gone into reverse.

Investing.com — The U.S. dollar edged higher in early European trade Tuesday, reversing some of the previous session’s sharp losses as traders revised their positions before data showing a potential rise in U.S. inflation. 

Sufiya Sufi's incredible journey from a baggage handling officer at the IGI airport in Delhi to a world-renowned ultra-runner is a testament to determination and resilience. Sufiya, who has earned five Guinness World records, including a remarkable 4,000 km run from Kashmir to Kanyakumari in just 87 days, has defied all odds to achieve her dreams. For Sufiya, running is more than just a sport; it's a form of therapy that allows her to shed the burdens of everyday life.

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KL Rahul, despite India's record-breaking ODI victory of 228 runs against Pakistan. Ultimately, the official decision favored Kohli, who received the Player of the Match award for his unbeaten 122-run performance. Naturally, Gambhir's remarks gained significant attention during the post-match presentation.

Nifty appear to have lost steam as both traded volatile on Tuesday amid lingering concerns over sticky inflation, higher interest rates, and a slowdown in global economic growth. Sensex opened with a strong gain of 380 points at 67,506.88 against the previous close of 67,127.08 but failed to hold altitude and fell over 150 points in the trade so far.

Nifty, Sensex and Bank Nifty are still trading around record highs. In such a situation when stock market is witnessing participatory rally for long, mutual fund managers find it difficult to find stocks that may yield in sync with majority of indices are stocks also soar to record high. In fact, they outperform indices generating alpha returns.

midcap stocks on Tuesday. Nifty's small and midcap indices lost up to 2-3% each with Indiabulls Real Estate, Infibeam and RITES leading the downside by dropping around 8% each. High-flying PSU stocks from railways and defence were among the top losers in today's sell-off. Shares of Cochin Shipyard, GRSE and Mazagon Dock lost between 6-7% each while rail stocks RVNL, Jupiter Wagons and Titagarh Wagons dropped between 4-6% each. The selloff in small and midcap stocks is in contrast to lacklustre trade in Nifty and Nifty Bank.

CIBIL Score tells lenders how responsible you are with borrowed money. It ranges from 300 to 900, and the higher your score, the better your financial health appears. It’s calculated based on your credit history and how you’ve handled loans and credit cards in the past.