Record News
01.09 / 12:37
₹1,59,069 crore gross GST revenue collected during August 2023; records 11% Year-on-Year growth
GST revenue collected in the month of August, 2023 is ₹1,59,069 crore of which CGST is ₹28,328 crore, SGST is ₹35,794 crore, IGST is ₹83,251 crore (including ₹43,550 crore collected on import of goods) and Cess is ₹11,695 crore (including ₹1,016 crore collected on import of goods). The government has settled ₹37,581 crore to CGST and ₹31,408 crore to SGST from IGST.
01.09 / 12:37
Provident
Twitter
Platform
GameStop
social
surges
XELON Meme Coin Surges 1,000% After Going Viral and Crypto Gurus Say This in the Next Crypto to Explode
The price of new meme token XELON has surged by 110% in the past 24 hours, with its ascent to $0.000005259 marking a gain of more than 1,000% since listing on Uniswap a couple of days ago.
01.09 / 12:37
01.09 / 12:16
Citi
Forbes
actress
Nazi
Jewellery
Auction of Austrian billionaire Heidi Horten's jewellery with Nazi connection cancelled
Christie's has cancelled the second auction of jewels belonging to an Austrian billionaire, whose German husband made his fortune under the Nazis, following «intense scrutiny, it said Friday. The auction house held a first controversial online and in-person sale in Geneva of part of the large stash of more than 700 jewels in May, and had been scheduled to hold a second round in November. But in a statement it said „Christie's has taken the decision not to proceed with further sales of property from the Estate of Heidi Horten.“ With just a portion of the collection sold, the auction eclipsed previous records set by Christie's in sales of properties that belonged to actress Elizabeth Taylor in 2011 and the „Maharajas and Mughal Magnificence“ collection in 2019, both of which exceeded $100 million. Hopes had been high for similar results from the second round. But following an initial report in the New York Times, Christie's sent a statement to AFP confirming that it had cancelled the second round, acknowledging that „the sale of the Heidi Horten jewellery collection has provoked intense scrutiny.“ »The reaction to it has deeply affected us and many others, and we will continue to reflect on it," it said. A large number of Jewish groups had asked Christie's to halt the initial Horten sale in May, describing it as «indecent», and demanding that the auction house do more to determine how much of it came from victims of the Nazis. The extraordinary collection belonged to Heidi Horten who died last year aged 81, with a fortune of $2.9 billion, according to Forbes. A report published in January 2022 by historians commissioned by the Horten Foundation said Heidi Horton's husband Helmut Horton, who died in Switzerland in 1987, had
01.09 / 12:05
UPS
COMPOSITE
Enterprise
show
cover
Affordability
us house
US house prices gain after 2 months, affordability weakest since 1984
Homeownership remains a key goal for many Americans, but it continues to become one of the hardest to achieve with tight supply pushing up real estate prices and lowering affordability nationwide.
01.09 / 11:05
Manufacturing
NIFTY
Nestle
show
Top gainers, losers today: NTPC, JSW Steel, Nestle, UltraTech Cement among most active stocks today; check full list
Nifty settled higher on the first session of September, boosted by all-around buying in light of broadly positive global cues ahead of the release of the US jobs data as well as strong domestic macro data. Government data released on Thursday showed that the Indian economy grew 7.8 per cent in the June quarter, mainly on the back of double-digit expansion in the services sector, and retained its position as the world's fastest-growing major economy.
01.09 / 10:31
UPS
Platform
TVS Motors' EV sales see 5-fold jump YoY in August, overall sales up 4%
TVS Motor Company on Friday announced a 440 per cent YoY surge in its EV sales in August. The company’s overall sales also grew by 4 per cent increasing from 3,33,787 units in August 2022 to 345,848 units in August, 2023.TVS iQube Electric recorded its highest sales of 23,887 units in August 2023 as against sales of 4,418 units in August 2022. Total two-wheelers witnessed a growth of 5% in August, 2023 and stood at 3,32,110 units against 3,15,539 units in August, 2022. In domestic market, sale of two-wheelers increased by 7% YoY in August and stood at 2,56,619 units. The Company's total exports registered sales of 87,515 units in August, 2023 as against 93,111 units August, 2022.
01.09 / 10:25
UPS
Lowe's
Target
Vodafone
share price
surges
week
Vodafone share price surges 15%, hits 52-week high; here's why
₹10.40 on Friday's sessions. Vodafone shares have closed in the green for the past seven of the last nine trading sessions. Vodafone share price today opened at ₹9.13 on BSE today.
01.09 / 09:43
UPS
Waters
Glacier
show
country
India sees hottest, driest August since records began
India has reported its hottest and driest August since national records began more than a century ago, the latest in a string of records broken worldwide as climate change intensifies. August falls in the middle of India's annual monsoon, a season that usually brings up to 80 percent of the country's yearly rainfall. Heavy downpours brought deadly floods to parts of India's north during the month, but on the whole, rains were much more subdued, resulting in record heat. «Average mean and maximum temperatures in August 2023 were the record highest since 1901,» the India Meteorological Department (IMD) said. «The large rainfall deficiency and weak monsoon condition is the main reason.» IMD data showed August average rainfall of 161.7 millimetres (6.4 inches) this year, 30.1mm lower than the previous August record in 2005. With millions of farmers dependent on monsoons for their crops, summer rains are vital for India's food security and the livelihood of its rural workforce. The monsoon occurs when summer heat warms the landmass of the subcontinent, causing the air to rise and sucking in cooler Indian Ocean winds, which then produce enormous volumes of rain. But it also brings destruction every year in the form of landslides and floods.
01.09 / 09:32
Provident
Booking
Landmark
Enterprise
awards
country
Power
share price
Genus Power share price locked in 5% upper circuit; here's why
₹2,247.37 crore for the supply of smart meters. Genus Power share price opened at ₹271.60 apiece on BSE.
01.09 / 09:31
Lowe's
Citizens
track
country
Time
Pakistan inflation: Petrol, diesel prices reach above ₹300 per litre for first time
₹300 per litre for the first time in history. Fuel prices skyrocketed after Pakistan finance ministry announced to hike the price of petrol by ₹14.91, and high speed diesel (HSD) by ₹18.44 per litre. With the recent hike, petrol price has swollen to ₹305.36 per litre, and the diesel price has reached to ₹311.84 per litre.
01.09 / 09:31
UPS
performer
Will AAP, Congress step up to make India bloc's seat-sharing formula a success?
general elections. Alka Lamba had said, “In the three-hour-long meeting, Rahul Gandhi, Kharge ji, KC Venugopal and Deepak Babaria ji were present. We have been asked to prepare for the upcoming Lok Sabha elections.
01.09 / 09:31
Citi
Remark
Mumbai
Mumbai records best decade in August property registrations
Mumbai recorded its best decade in the number of property registrations in August as it saw higher contribution by units priced over Rs 1 crore, a report on Thursday said. The city saw over 10,550 properties being sold in the month, a 23% year-on-year increase, and collected over Rs 790 crore in stamp duty, which rose by 22%, totaling Rs 7,242 crore in the first eight months of 2023, said the Knight Frank India report.
01.09 / 08:41
Target
band
country
moody’s
Moody’s raises India’s growth forecast for 2023 to 6.7%, post April-June GDP spurt
India’s growth forecast to 6.7% in 2023 from 5.5% projected earlier, as the Indian economy recorded 7.8% growth in the April-June quarter. “Strong services expansion and capital expenditures propelled India’s 7.8% real GDP growth in the second quarter from a year ago,” Moody’s said in its report. However, the rating and research agency lowered the 2024 forecast down to 6.1% from the 6.5% projected earlier. “Since the second quarter outperformance creates a high base in 2023, we have lowered our 2024 growth forecast from 6.5% to 6.1%. Given the robust underlying economic momentum, we also recognize further upside risk to India’s economic growth performance,” it said. On the inflation front, the rating agency expects inflation to average 5.7% in 2023, a tad below the Reserve Bank of India’s upper target band of 6%. In July, inflation at 7.4%, crossed the Reserve Bank of India’s upper target band for the first time.
01.09 / 08:41
COST
UPS
Digital
country
end
Share of affordable housing shrinking; upper end of the market going berserk: Gulam Zia, Knight Frank
Gulam Zia, Senior ED, Knight Frank, says “Home loan interest rates have been skyrocketing, perhaps the highest in almost about eight-nine odd years. But that has impacted the bottom to mid end of the market. The upper end is not so dependent, especially the luxury segment is not so dependent on home loans and that demand is going unabashedly up and the transactions there are going unbelievably high. That is where the share of affordable housing has been shrinking.”What are your thoughts on sustainability of this kind of momentum in real estate demand and where is the affordability coming from? One of the biggest drivers being cited is higher affordability. What are your thoughts there?Your question is what justifies this kind of euphoria? It is very difficult to say. A couple of thoughts; the wealth creation that we have seen in at least a year and a half or two in spite of the global gloom etc. Things have really gone well for India and that is where the traction in residential or home buys, home buying has been pretty good.
01.09 / 08:05
COST
UPS
SENSEX
share price
record high
Maruti Suzuki share price hits fresh record high, up 16% in six months; should you buy?
₹1,0216.65 in intraday trade on BSE on September 1. The stock opened at ₹10,000 against the previous close of ₹10,007.10 but soon gained traction to rise to an all-time high. Around 1 pm, the stock was up 1.43 per cent at ₹10,150.05 on BSE.
01.09 / 08:05
Lowe's
Extreme
classical
symptoms
Surge in ‘dengue-like fever’ affecting children in Bengaluru; check symptoms here
News18, “These fevers mirror classic dengue symptoms, including a significant drop in platelet count, accompanied by high fever but don’t yield a positive result when any dengue test is done. Also, we have observed that these cases have surpassed the actual dengue cases at Athreya Hospitals." Another doctor Dr Supraja Chandrasekar who is the director of paediatric services at DHEE Hospitals in Bengaluru told News18 that hospital has witnessed spike in dengue like cases among children.
01.09 / 08:05
country
Explainer
Mint Explainer: Understanding IMD's September rainfall projection
New Delhi: Southwest monsoon is expected to revive in September, with rainfall seen normal during the month in the range of 91-109% of the long period average of 167.9 mm, the India Meteorological Department (IMD) has forecast. This comes after the country experienced its driest August since 1901. Mint delves into the projection and what it means for the country's overall rainfall activity.
01.09 / 07:13
COST
Progressive
Waters
Actor
reform
After outrage over Taylor Swift tickets, reform has been slow across the US
Many of the major reforms to ticket sellers in the U.S. have failed to pass this year
01.09 / 07:13
COST
UPS
Lowe's
Volkswagen
Airlines
Fine
Australian
Australian consumer watchdog calls for record fine against Qantas over canceled flights
Australia’s consumer watchdog has called for Qantas Airways to be punished with a record fine for allegedly selling tickets on thousands of flights that had already been canceled
01.09 / 07:07
SUN
Corona
performer
country
cover
Solar
Aditya-L1: ISRO all set to launch India's first solar mission
Indian Space Research Organisation (ISRO) is all set to for India's maiden solar mission, Aditya-L1, which is scheduled to be launched on September 2, 2023, at 11:50 am. Aditya-L1 is India's first solar space observatory and will be launched by the PSLV-C57 from the Sriharikota launch pad with launch rehearsal and vehicle internal checks all being completed. It will carry seven different payloads to have a detailed study of the sun, four of which will observe the light from the sun and the other three will measure in-situ parameters of the plasma and magnetic fields. The largest and technically most challenging payload on Aditya-L1 is the Visible Emission Line Coronagraph or VELC. VELC was integrated, tested, and calibrated at the Indian Institute of Astrophysics' CREST (Centre for Research and Education in Science Technology) campus in Hosakote in collaboration with ISRO. Aditya-L1 will be placed in a halo orbit around Lagrangian Point 1 (or L1), which is 1.5 million km away from the Earth in the direction of the sun.
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