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tariff hikes of over 20 per cent by the country's top three telcos will push up core inflation by 0.20 per cent in FY25, a foreign brokerage said on Wednesday. Analysts at Deutsche Bank also upped their core inflation or the price rise, excluding food and fuel, by 0.20 per cent to 3.8 per cent. Apart from the tariff hikes, the below-trend monsoon rains will be another factor that will be of focus from an inflation trajectory perspective, they said. The report said the impact of telecom tariff hikes will start getting reflected from July, and the hikes will alone push the month-on-month core inflation by over 0.85 per cent month on month.

₹3 lakh in the northern state, receiving a tax break that only electric vehicles in the state have enjoyed so far. Shares of Maruti Suzki India Ltd closed 6.6% higher on the BSE on Tuesday, while the BSE Auto index rose 2.17%. The UP government on 5 July said it will now fully implement its 2022 policy which waives road tax for EVs and strong and plug-in hybrids.

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.

RBI has cancelled the licence of Shimsha Sahakara Bank Niyamitha, Maddur (Karnataka) in the wake of its worsening financial position. Consequently, the bank ceases to carry on banking business, with effect from the close of business on Friday (July 05, 2024), the Reserve Bank said in a statement. The Registrar of Cooperative Societies, Karnataka has also been requested to issue an order for winding up the bank and appoint a liquidator for the bank. On liquidation, every depositor would be entitled to receive deposit insurance claim amount of his/her deposits up to Rs 5 lakh from Deposit Insurance and Credit Guarantee Corporation (DICGC).

health risks. Recent cases have highlighted how prolonged exposure to pigeon feathers and droppings can lead to severe allergic reactions and respiratory issues among residents. Here's detailed information on these risks and what you need to know. Case Study: Allergic reactions in East Delhi A new case study sheds light on the health hazards posed by pigeon droppings and feathers, revealing a troubling incident involving an 11-year-old boy from East Delhi. As per a TOI report, the boy developed severe allergic reactions after prolonged contact with pigeon feathers and droppings, leading to potentially fatal consequences. He was admitted to Sir Ganga Ram Hospital, where doctors diagnosed him with Hypersensitivity Pneumonitis (HP), a rare but serious lung condition triggered by allergic reactions to pigeon proteins. Understanding Hypersensitivity Pneumonitis (HP) Dr. Dhiren Gupta, Co-Director of the Pediatric Intensive Care Unit (PICU) explained to TOI that HP is a chronic interstitial lung disease characterized by lung inflammation and scarring, making breathing difficult. While more common among adults, HP is rare in children, affecting only 2-4 per one lakh population annually. The boy received immediate medical attention, including steroids and high-flow oxygen therapy to reduce lung inflammation and restore normal breathing.

₹7.09 trillion in FY24 from ₹2.58 trillion in FY20 and ₹1.41 trillion in FY15. Kapoor expects this amount to grow significantly as PLI schemes for auto, semiconductors, medical devices, drones, white goods, and computer hardware gain traction.

A judge has acquitted 28 people accused of money laundering in an international case known as the Panama Papers

Dr Reddy's Laboratories and Sun Pharma are recalling products in the US due to manufacturing issues, as per the latest Enforcement Report by the US Food and Drug Administration (USFDA). According to the report, Dr Reddy's Laboratories is recalling drugs to treat insomnia and gout in the American market. New Jersey-based Dr Reddy's Laboratories, Inc., a unit of Hyderabad-based drug major, is recalling 13,752 bottles of Eszopiclone tablets, the USFDA stated. The affected lot has been produced at Dr Reddy's Bachupally plant in Telangana.

Episode 5 unveils the aftermath of the intense clash at Rook's Rest, revealing pivotal developments in the Targaryen saga.

nuclear weapons have been well documented by the Hiroshima-Nagasaki bombings. What happens when nuclear weapons orbit the earth from space? This question has assumed importance since Russia launched the Cosmos 2553 satellite in 2022, just before its invasion of Ukraine. Presently, no one with the exception of Russia knows what exactly this satellite does. A member of the US Congress recently highlighted a pressing national concern. Many took this as a warning regarding the Cosmos 2553. The consequences are terrible and the US has been working towards the adaption of a resolution in the UNSC against the weaponization of space.

As the tax filing deadline of 31 July looms, individuals and small business entities rush to navigate the income tax website to choose the right ITR form.

A man named Syed was flying overseas for a holiday when bought a book for ₹250 at the airport using his credit card. His credit card bill was generated while he was abroad, and soon they payment was due. But Syed couldn’t access his payment gateway while abroad and missed his payment.

Vodafone Idea's financial health is set to get a much-needed boost from latest tariff increases and easing competitive intensity with analysts predicting the debt-laden telecom operator's average revenue per user (ARPU) to rise to ₹171-180 by this fiscal-end, from ₹143 in April. Brokerage Citi Research projected rising revenues, operating income, capex, and narrowing losses for the telecom joint venture between India's Aditya Birla Group and UK's Vodafone Plc. «The peak of competitive intensity is now likely behind us, evidenced not just by the latest tariff action but also the recent spectrum auction,» Citi said in a report. «With Jio taking the lead in initiating the latest round of tariff hikes, a shift in stance of the market leader towards monetisation is now clearly evident, which also improves visibility of future hikes,» it said, adding that last week's price increase were slightly ahead of market expectation in terms of both magnitude and timing.

Apple Watch Series 10's screen size is anticipated to surpass even the Apple Watch Ultra 2, which is currently Apple's largest smartwatch with its 49mm size and 1.92-inch display. Recent CAD render leaks suggest that the Series 10 could sport a 2-inch display, marking a substantial increase in screen real estate.Under the hood, the Series 10 will likely be powered by the same processor found in the third-generation Apple Watch Ultra.

Most bullish factors are priced in bullion now and we believe that after registering strong gains in the last three months, bullion prices are likely to witness a correction in the short term, Anuj Gupta, Head Commodity & Currency at HDFC Securities said. In the long term, he remains bullish expecting this precious metal to test Rs 78,000-Rs 80,000 levels by the end of the year. Edited excerpts: Gold has given 13% returns in H1CY2024 amid ups and downs. How will you rate its performance during this period against your expectations? Gold's rally has been more than what Nifty has delivered till date. The gains have been on account of bullish buying by major Central Banks across the world. Moreover, geopolitical tension and fear of slow down in Europe and the US also played their part. All these factors have been positive for gold being a safe haven for investors. On the flip sided equities and Nifty have suffered as a consequence of this.

Also Read: Sebi tweaks stocks’ F&O norms, curbs use of finfluencers Any losses from these instruments can be used to set off against other business income of the assessment year or carried forward and set off against business income for the subsequent eight years. This provision has provided a cushion for traders against the volatile nature of the F&O market. F&O traders rely on trend analysis and probability computations that require years of experience and knowledge about markets and trends.

Beatles, Madonna, Taylor Swift — what these Western idols spanning different eras in pop music share in common, is their sourcing Indic philosophy-related themes for at least one or more of their songs. Indeed, apart from exciting worldwide interest, these songs have also drawn widespread criticism and controversy. The moot question is, who holds the copyright for such usage?

AAP MP Sanjay Singh made serious allegations against the Central Government, claiming that Arvind Kejriwal, Delhi's Chief Minister, was arrested by the CBI on the orders of Prime Minister Narendra Modi.

Chips and Science Act — but their persistent failure to unite behind common-sense, bipartisan reforms to bring more skilled immigrants to the US puts this notable achievement in jeopardy. Congress passed the law in 2022 to revive domestic semiconductor manufacturing and reduce dependence on fabrication plants in East Asia. On paper, the initiative is already a success: Nearly $30 billion in subsidies and $25 billion in loans have been awarded, supporting investments of roughly $350 billion. One industry-sponsored study expects US chipmaking capacity to triple by 2032, with output of advanced logic chips rising from zero in 2022 to 28% of global production. To build and run those fabs, however, companies need workers the US doesn’t have. Shortages of skilled installers of hyper-precise chipmaking equipment have already delayed projects. The number of Americans studying in relevant graduate programs has been flat for 30 years. A third of current fab workers are 55 and older, and more than half say they’re eager to quit. The Semiconductor Industry Association says chipmakers will face a shortfall of 67,000 skilled workers by 2030.

central government employees and pensioners get arrears for the dearness allowance (DA) and dearness relief (DR) suspended for 18 months during the COVID-19 pandemic? In a letter addressed to Prime Minister Narendra Modi, Shiva Gopal Mishra, Secretary, National Council (staff side), Joint Consultative Machinery for Central Government Employees, urged the central government to release the DA arrears of 18 months suspended earlier. In the wake of the COVID-19 pandemic, the Central Government stalled the payment of DA and DR for 18 months from January 2020 to June 2021. Earlier, Mukesh Singh, General Secretary, of Bharatiya Pratiksha Mazdoor Sangh, urged the central government to release the suspended DA arrears of 18 months. In a letter addressed to Finance Minister Nirmala Sitharaman, Singh said, «I fully understand the challenges posed by the COVID-19 pandemic and the resulting economic disruptions that led to the freezing of three instalments of Dearness Allowance (DA) and Dearness Relief (DR) for the fiscal years 2020-21. However, as our nation is gradually recovering from the impact of the pandemic, it is heartening to witness an improvement in the financial position of our country.» In a letter to Prime Minister, Mishra said, «As a secretary (staff Side) of the National Council (JCM) it is my duty to draw your kind attention to some of the major issues which are agitating the minds of the central government employees and pensioners.»

Cyberabad police have employed humour to address the issue of wrong-way driving, using memes and viral videos on their X (formerly Twitter) platform. This initiative aims to highlight the severe consequences of reckless driving. Over the past month, police have filed 150 criminal cases and seized 800 vehicles, predominantly two-wheelers, reported TOI. One meme video shared by the police featured scenes similar to popular movies and declared, «The Tom and Jerry game has begun!» This creative approach targets raising awareness about the dangers of wrong-way driving. The police also shared videos showing accidents caused by such driving to emphasize their zero-tolerance policy.