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free e-rickshaw services to make the final leg of the arduous journey of Amarnath Yatra comfortable for the pilgrims. The e-rickshaws have been deployed to ferry pilgrims from Domail to the base camp at Baltal and vice-versa. Having walked 24 km on mountainous terrain to and fro to visit the Holy Cave shrine in the south Kashmir Himalayas, pilgrims are usually exhausted by the end of their journey.

Adani Electricity Mumbai on Tuesday said that its aggregate technical and commercial losses have reduced to 5.93 per cent in FY23 as against 6.55 per cent recorded a year ago. The Adani Group entity said it upped monitoring on the power theft side, which resulted the key ratio coming down to what it claimed as one of the lowest in the industry across the country.

Mahindra & Mahindra (M&M) said that its domestic sales of utility vehicles were at 32,585 units last month, as against 26,620 units in the year-ago period, a growth of 22 per cent. "With strong demand for the SUV portfolio, we have continued our growth trend with domestic sales of 32,585 units and 22 per cent growth in June," M&M Ltd President, Automotive Division Veejay Nakra said. He stated that the SUV volumes were restricted by a short-term disruption in engine-related parts at the supplier end.

A crypto platform Voyager filed for bankruptcy a year ago, in July 2022, due to substantial losses caused by the bear market and the collapse of the Terra blockchain. 

₹8.20 to ₹18.37 apiece levels, delivering more than 100 per cent return in this time. In last one month, this share has risen from around ₹11 to ₹16.80 apiexe levels, logging near 50 per cent rise in this period. However, ICICI Securities seems more upside in Suzlon Energy shares.

Tradecurve (TCRV) and Aptos (APT) to see what investors can expect from these cryptocurrencies. In June, Aptos introduced Shoal, a framework that enhances consensus by cutting latency up to 80%. The technology involves running multiple instances of the underlying protocol one after another sequentially, and when instantiated with Bullshark, the network obtains a Shoal of sharks running a relay race.

₹ 25,000 to ₹ 40,000 per month.  Traditional fintech companies have largely overlooked this segment due to perceived challenges such as limited market size and higher operational costs. Additionally, traditional banks have struggled to serve this demographic effectively, primarily relying on physical branch-led approaches that incur substantial operational expenses.  By focusing on the emerging middle class, a segment comprising around 10 Crore households in smaller towns, Danish Mohd recognizes the untapped potential of this market.

Also Read: Decoding the dilemma behind escalating cooking oil imports But lower imports in May and the price correction encouraged Indian buyers to increase purchases in June, Sandeep Bajoria, CEO of Sunvin Group, a vegetable oil brokerage and consultancy firm told Reuters. Price-sensitive Asian buyers typically rely on palm oil because of the low cost and quick shipping times.

Hero MotoCorp unveiled their first collaborative creation, the Harley-Davidson X440 motorcycle, on July 3 (Monday). This majestic vehicle is a fusion of American muscle and Indian engineering prowess. With its launch, the Harley-Davidson X440 makes history as the first premium motorcycle to be introduced under the licensing agreement between these two brands. It will be manufactured at the company’s Garden Factory at Neemrana, in Rajasthan. Following its official launch, several Harley fans shared their reactions on Twitter. A user wrote, «I thought Hero-Davidson lost the first round to Bajaj-Triumph, but it seems like these new entities would expand the entry-level middleweight bikes market (in India context) instead of cannibalizing each other’s share.»

After the Supreme Court effectively killed President Biden’s student debt forgiveness proposal, he’s trying again using a different legal approach

Workers are picketing major Southern California hotels after walking off the job during the holiday weekend to demand better pay and benefits

Australia’s central bank has left its benchmark interest rate at 4.1% after inflation fell to 5.6% in May from 6.5% a month earlier

Stamps prices are on the rise, again

The Joe Rogan meme token has gained by more than 20,000% in the past 24 hours, with its price rocketing to $0.00001376 after the ROGAN/WETH pair was added to Uniswap yesterday.

Commerce and industry minister Piyush Goyal on Tuesday said that the government’s role for startups, is that of a facilitator and not a regulator. At the Startup20 Shikhar summit in Gurugram, he also said that it is undesirable for governments to start regulating or micromanaging the startup ecosystem.

A special chapter of the BIS Annual Economic Report 2023 details a blueprint for the future by rethinking the existing pillars of the current monetary system. A unified ledger would combine tokenised forms of central bank digital currency (CBDC) with tokenised bank deposits and other tokenised claims, opening up a new era in the joint development of the monetary system and the economy. Hyun Song Shin, economic adviser and head of research of the BIS, comments: "We are at the cusp of another major leap in the monetary and financial system, which will have far-reaching consequences for the economy and society at large. Bringing together central bank money, commercial money, and different assets on the same platform, all tokenised and interacting, opens up a whole new range of possibilities. This would be a game-changer in how we think about money and how transactions take place." Examples of possible innovations cited by the report include:

By Lewis Jackson

₹5600 crore in Pratapgarh, Rajasthan. The ceremony marked the inauguration of four NH projects, spanning a total length of 219 km and costing ₹3,775 crore. The 6-laning project from Kishangarh to Gulbapura section on National Highway 48 aims to bolster the economic and social development of Ajmer and Bhilwara districts.

bankers’ struggle for profits in the country. Housing Development Finance Corp.’s all-stock merger into HDFC Bank Ltd., which created one of the most valuable banks in the world, has about 18 advisers who got credit for a fee pool of just over $1 million, according to people familiar with the matter. Morgan Stanley and Bank of America Corp.

The residential market stepped into 2023 on a relatively stable footing with the first half of the year registering sales of 0.16 mn units, 1% lower in YoY terms. While this is the second highest sales volume in almost 10 years, the YoY growth has plateaued in H1 2023 compared to the strong double-digit growth seen in the preceding four half yearly periods, according to Knight Frank India’s flagship half-yearly report — ‘India Real Estate H1 2023’ — which tracks the ongoing developments that have impacted the residential and office segments across the top 8 cities.

palm oil imports jumped 49% from the previous month to their highest in three months as buyers took advantage of a dip in prices to their lowest in 28 months to increase purchases, six dealers told Reuters. A rebound in buying by the world's biggest vegetable oil importer would support Malaysian palm oil futures and help top producers Indonesia and Malaysia to trim inventories. Palm oil imports by India rose to 655,000 metric tons in June, up from 439,173 metric tons in May, according to average estimates from the dealers.