Country Financial News
02.08 / 16:35
country
Shirdi Sainagar, Solapur Vande Bharat Express get additional stoppages. Details here
Vande Bharat Express and the CSMT-Solapur Vande Bharat Express. Both the Vande Bharat trains are operated by the Central Railway. According to a release, the CSMT-Shirdi Sainagar Vande Bharat train will arrive at Thane station at 6:49 AM and depart at 6.51 AM.
02.08 / 16:35
COST
UPS
Maxim
performer
country
social
Our political economy works like a multi-player game
There are four main schools of political economy: The normative school with a benevolent policymaker at its centre trying to maximize a social welfare function; public choice theory with its focus on rule making; the Chicago school where policymakers redistribute wealth to maximize a support base; and the transaction cost school where each policy is a ‘play’ in a game where multiple principals try to influence an agent (policymaker) to maximize their own utility. Given our sub-optimal policy making history in the first four decades after 1947, the Indian political economy cannot be said to conform with the normative school model.
02.08 / 16:13
UPS
Target
Aviat
Progressive
Action
country
2020
NOT
School reforms under NEP 2020 must not be allowed to languish
Ensuring all children in India get good education requires ensuring children have access to schools and that schools are delivering quality education. Our education system prioritized access to education and the quality of what is delivered in classrooms got overlooked. In order to achieve the goal of universal access, driven by the values of equity and inclusion, the system has put its effort behind building schools, making sure that teachers are deployed, equipping classrooms, etc.
02.08 / 16:13
Target
Extreme
band
show
track
country
end
CPI may hit 6.2% by end of Q2, says Morgan Stanley
NEW DELHI : Morgan Stanley on Wednesday said it expects India’s retail inflation to leap to 6.2% at the end of the quarter ending September, against its previous forecast of 5.5%, due to higher prices of food. However, the consumer price index (CPI) is expected to moderate to 5-6% in the second half of FY24. The investment bank said despite its core inflation forecast for India remaining unchanged, it maintains the base case of a shallow rate cut cycle from Jan-March 2024.
02.08 / 16:13
Samsung
country
electronic
India’s approach to trade remains too anachronistic
₹900 crore in incentives have been withheld by the Centre, “citing invoicing discrepancies", as Mint reported. A word commonly used to describe Indian trade and economic policy is ‘insularity’.
02.08 / 16:13
COST
UPS
Lowe's
Waters
country
cover
Food as fuel isn’t a plan that can take us very far
₹15 per litre as a potential price of petrol, a fraction of what refills cost in India. At a poll rally, he said the government wanted farmers to not only be “anna daata" (food givers), but also “urjadaata" (energy providers) as cultivators of crops from which ethanol can be squeezed for biofuels to run vehicles. If an average of “60% ethanol and 40% electricity" was taken, he reportedly said, then petrol would sell for ₹15 per litre, to everyone’s benefit.
02.08 / 16:13
Reuters
Fitch
country
Oil prices
fall
Oil prices fall despite record US crude stock drawdown
By Laura Sanicola
02.08 / 16:13
UPS
Extreme
Action
DAL
country
Stop hate speech, violence at Nuh protests, says SC
NEW DELHI : There should be no hate speech or violence at a series of protests planned by the Vishwa Hindu Parishad (VHP) in Delhi and the national capital region (NCR) to protest against the sectarian violence over the past few days in Haryana’s Nuh district, the Supreme Court told the Centre, Haryana, Uttar Pradesh and Delhi on Wednesday. It was responding to an urgent application fby one Shaheen Adbullah in a pending matter, also filed by him, to curb instances of hate speech across the country.
02.08 / 16:13
Cooper
Manufacturing
Action
country
Hero
Hero MotoCorp shares in focus tomorrow after ED action against top officials
Hero MotoCorp will be in focus on August 3 after the the Enforcement Directorate has seized cash and jewellery worth ₹25 crore during raids against top officials of Hero MotoCorp. The law enforcement agency also found "incriminating" documents in the residences and offices of executive chairperson Pawan Kant Munjal and others.
02.08 / 15:43
UPS
Extreme
Celebrity
country
voice
Wagner
coup
Is Russia involved in Niger coup through Wagner Group? Here's what experts say
CNN. In the pro-junta rallies, many people were holding Russian flags, and anti-French slogans were raised. According to BBC, a Niger businessman proudly wore an outfit in the colors of the Russian flag.
02.08 / 15:31
02.08 / 15:19
UPS
IPO
Booking
Aviat
track
country
blues
Backed
Ashish Kacholia-backed Aeroflex Industries gets Sebi nod for Rs 350 cr IPO
Aeroflex Industries has received approval from the market regulator for its Rs 350 crore Initial Public Offering (IPO). The company has secured a final observation from the Securities and Exchange Board of India (Sebi), which equates to approval. Aeroflex filed its preliminary IPO papers with the regulator in March of this year.
02.08 / 15:19
Manufacturing
country
Hero
Jewellery
ED seizes Rs 25 crore worth of cash, jewellery after raids on Hero MotoCorp's Munjal, others
raids on Hero MotoCorp executive chairperson Pawan Kant Munjal and some others, the Enforcement Directorate said on Wednesday. The federal agency raided the residences and offices of the 69-year-old billionaire businessman, the promoter of India's largest two-wheeler automobiles manufacturer, in Delhi and neighbouring Gurugram apart from that of some other entities on Tuesday.
02.08 / 15:19
UPS
country
Govt says retail wheat and rice prices firm up again in July
retail prices of wheat and rice have again increased to Rs 29.59 per kilogramme and Rs 40.82 per kg, respectively in July, Parliament was informed on Wednesday. Minister of State for Consumer Affairs, Food and Public Distribution Sadhvi Niranjan Jyoti, in her written reply to the Lok Sabha, said the retail prices of wheat and rice are continuously changing and the government is closely monitoring the prices.
02.08 / 15:08
Provident
FIVE
Art
Remark
country
Who can recommend revocation of Art 370 when no constituent assembly exists in J-K, asks SC
constituent assembly exists there? The Supreme Court Wednesday put this question to the petitioners who have challenged the abrogation of the constitutional provision that bestowed special status on the erstwhile state. A five-judge constitution bench headed by Chief Justice DY Chandrachud today commenced hearing a batch of pleas challenging the Centre's August 5, 2019 decision to abrogate Article 370, a move that had come in for vicious attack by some major opposition parties but earned fulsome praise from those supporting the BJP.
02.08 / 15:08
Citi
Twitter
Mobile
band
country
Jio successfully tests 5G on 26GHz: DoT
Reliance Jio has successfully tested 5G services on both 26 GHz or millimetre (mmWave) band and 3300 MHz spectrum in Gujarat, becoming the first telco to achieve the feat. The Department of Telecommunications (DoT’s) Gujarat service area wing carried out the successful testing to check minimum rollout obligations.
02.08 / 15:07
UPS
Aviat
Airlines
stage
country
IndiGo to set up LLP for venture capital investments
InterGlobe Aviation will set up a venture capital arm to make investments in early stage companies that are into aviation, consumer and allied sectors. The board of the company, the parent of the country's largest airline IndiGo, approved the incorporation of a Limited Liability Partnership (LLP) for venture capital investments on Wednesday.
02.08 / 13:57
02.08 / 13:55
Digital
Amazon
Aware
CEO
Platform
country
ecommerce
Draft ecommerce policy likely out in few weeks
Flipkart group, Amazon India and Tata Digital among others, the government has indicated that the draft ecommerce policy may be introduced in a few weeks, according to people aware of the discussion.ET had reported on August 1 that commerce minister Piyush Goyal would chair the meeting on Wednesday. Secretaries of the department for promotion of industry and internal trade (DPIIT) Rajesh Kumar Singh and the department of consumer affairs Rohit Kumar Singh were also present.
02.08 / 13:49
country
Forty eight Gati Shakti multi-modal cargo terminals commissioned till 30 June
New Delhi: In a major boost to the country’s transportation infrastructure, the government announced the commissioning of 48 Gati Shakti Multi-modal Cargo Terminals (GCTs) as of 30 June 2023. In a written reply to a question in Lok Sabha, Union railways minister Ashwini Vaishnaw said, “Upto 30th June, 2023, a total of 48 GCTS have been commissioned across the country, which include 05 GCTs (i.e.
02.08 / 13:49
UPS
Provident
FIVE
Extreme
Highways
country
Rajya Sabha passes Forest Conservation (Amendment) Bill
New Delhi: The Rajya Sabha on Wednesday passed the Forest (Conservation) Amendment Bill, which will exempt land within 100 km of the country's border, that is needed for national security projects, small roadside amenities, and public roads leading to habitation, from the purview of the forest conservation laws. It also exempts land up to 10 ha, proposed to be used for constructing security-related infrastructure, or the land proposed to be used for constructing defence-related projects, camps for paramilitary forces, or public utility projects as specified by the central government not exceeding five hectares in left-wing extremism affected area, from conservation laws.
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