Country Financial News
01.08 / 10:49
UPS
Align
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country
Escorts Kubota Q1 Results: Net profit up 91% YoY to ₹282 crore; revenue jumps 15%
₹282.8 crore which was 91% up from the ₹147.5 crore reported during the corresponding quarter in the previous fiscal. The revenue of operations of Escorts Kubota jumped 15.5% from ₹2,014.9 crore in Q1FY23 to ₹2,327.7 during the period under review. Sequentially, the company's profit after tax (PAT) grew 52.5% from ₹185.5 crore during the quarter ending March 2023 and the revenue from operations jumped 6.6% from ₹2,183 crore during the previous quarter.
01.08 / 10:21
Reuters
Extreme
Manufacturing
country
Deaths
India orders Riemann Labs, linked to cough syrup deaths in Cameroon, to stop manufacturing
Riemann Labs, a manufacturer linked to cough syrup deaths in Cameroon, to stop manufacturing activities, said Reuters quoting the country's health ministry. Last month, the World Health Organization said a batch of cough and cold syrup sold in Cameroon under the brand name Naturcold contained extremely high levels of a toxic ingredient, the latest in a series of recent warnings about contaminated cough syrups.
01.08 / 10:20
MET
Extreme
country
Power
Consumption
India's power consumption grows by 8.4 pc to 139 billion units in July
power consumption grew by 8.4 per cent to 139 billion units in July this year compared to the same month last year. In the year-ago period, power consumption stood at 128.25 billion units (BU), higher than 123.72 BU in July 2021, according to the government data. The peak power demand met, which is the highest supply in a day, rose to 208.82 GW in July 2023.
01.08 / 10:06
UPS
MET
BLOCK
country
services
Bill to replace Delhi services ordinance most undemocratic paper ever tabled in Parliament: AAP
Government of National Capital Territory of Delhi (Amendment) Bill, 2023, in the Lok Sabha. The bill seeks to replace an ordinance related to the control of services in the national capital. The legislation, which has brought the Delhi government and the Centre at loggerheads, empowers the Delhi Lt Governor to have the final say in recommendations regarding the transfers and postings of Delhi government officials.
01.08 / 10:06
Progressive
Metro
love
country
PM Modi flags off Civil Court-Phugewadi and Ruby Hall Clinic-Garware lines of Pune Metro
Narendra Modi on Tuesday inaugurated two new extended lines on the Pune Metro, flagging off services between Civil Court-Phugewadi and Ruby Hall Clinic-Garwar. Speaking at the event, Modi said, «We have to modernise public transport, the government is making efforts to improve metro network.» He also extolled the importance of working together, saying that the country and society are the important factors at play, not power. «We want to ensure a better future for you and your children and future generations.
01.08 / 10:05
COST
UPS
track
country
cover
Deal
compliance
'India should prepare its exporters to deal with compliance norms of EU's deforestation regulation'
compliance requirements of the European Union's Deforestation Regulation (EUDR) as it would hit agri exports, a report said on Tuesday. This regulation will hit India's agricultural exports worth USD 1.3 billion to the EU starting December 2024, think tank Global Trade Research Initiative (GTRI) said. «Indian exports may take a bigger hit than exports from other competing countries to the EU because of India's higher deforestation rate,» the report said, adding India's exports will also be affected by the complex compliance requirements of the EUDR and the EU's Foreign Subsidies Regulation (FSR).
01.08 / 10:04
country
NIA court declares six gangster-turned-terror operatives proclaimed offenders
NIA court here has declared six «gangster-turned-terrorist mafia operatives», based out of Canada and Pakistan, proclaimed offenders, an official of the federal agency said on Tuesday. The six accused are Canada-based Arshdeep Singh alias Arsh Dala, Ramandeep Singh alias Raman Judge, Lakhbir Singh Sandhu alias Landa and Pakistan-based Harvinder Singh Sandhu alias Rinda, Lakhbir Singh Rode and Wadhawa Singh Babbar, the official said.
01.08 / 09:53
01.08 / 09:53
01.08 / 09:49
country
India has moved from trust deficit to trust surplus nation: PM Modi
₹1 lakh to the Namami Gange project. He said collateral-free loan under Mudra Yojana was token of trust in the hard work and integrity of Indians.
01.08 / 09:49
Immunic
country
reports
India reports 36 new covid cases in a day
New Delhi: India has logged 36 new covid-19 cases in the last 24 hours, the union health ministry data stated on Tuesday. The active caseload currently stands at 1,474. The country has been witnessing a steady decline in the number of covid cases for the last many months.
01.08 / 09:49
Citizens
VISA
country
electronic
Indian
Russia starts issuing e-visas to Indian visitors from today. Here's how to apply
Starting August 1, Russia has started issuing electronic visa (e-visa) to Indian passport holders that helps visitors get travel approval faster for diverse purposes such as business trips, guest visits, and tourism. The e-visa can be used just like any other regular visa, eliminating the need to check with embassies or any other associations.
01.08 / 09:38
UPS
Provident
Digital
CEO
show
country
FidyPay to empower UPI in all panchayats across country by 15 August
Digital payment solutions provider FidyPay is gearing up to enable UPI (Unified Payments Interface) in all panchayats across the country by 15 August. The company's payment solutions are currently being deployed in over 500 government institutions, streamlining payment processes and improving efficiency in various key departments. «We are determined to help India leap forward into a digital future.
01.08 / 09:32
RAI
DAL
country
services
Centre
Centre tables Delhi Services Bill in Lok Sabha
Lok Sabha. The bill seeks to replace an ordinance that mandated the creation of an authority for transfers and postings of senior officers in the Delhi government. Tabled by Minister of State for Home Affairs Nityanand Rai, the legislation will reverse the effect of the Supreme Court verdict in May that gave the Delhi government power over administrative services.
01.08 / 09:07
Platform
Mobile
Vodafone
show
country
social
Reliance Jio
Reliance Jio adds 30.4 lakh new users in May, Vodafone Idea continues to lose subscribers: TRAI
Reliance Jio has once again outpaced its competitor Airtel in net subscriber addition. According to the latest data released by Telecom Regulatory Authority of India (TRAI), Jio added 30.4 lakh new users in the month of May. Airtel, on the other hand, added 13.3 lakh users during the same period.
01.08 / 09:07
UPS
Fighting
awards
stage
country
PM Modi conferred Lokmanya Tilak Award, holds candid conversation with NCP supremo Sharad Pawar. Watch
Narendra Modi on Tuesday was conferred Lokmanya Tilak National Award in Pune. The Prime Minister alsong with Ajit Pawar, Eknath Shinde, Devendra Fadnavis shared stage with NCP chief Sharad Pawar at the ceremony. During the event, PM Modi and the NCP supremo shared a candid moment on the stage.
01.08 / 09:07
COST
Citi
Software
Pool
show
country
Financial
Three key projects show how far India’s financial sector has come
Nirmala Sitharaman announced that the government would soon unveil rules on allowing Indian firms to list directly on overseas exchanges and at the International Gift City exchange in Gujarat. Next, the securities market regulator Sebi said it was working on introducing a T+zero settlement cycle, meaning instantaneous settlement of stock market transactions. There was also a media report that the government and the RBI are working on an alternative to the global payment messaging system Swift.
01.08 / 07:59
UPS
Manufacturing
Enterprise
stage
country
social
India's G20 presidency underscores tectonic shift in perception about women's contribution to nation and societies: Smriti Irani
India's G20 presidency has brought to the fore a «tectonic shift» in how women are to be perceived as ones who stand shoulder to shoulder with men as contributors to their countries and societies, Union minister Smriti Irani said on Tuesday Addressing a gathering at the Mahatma Mandir convention centre here after inaugurating the G20 EMPOWER summit, Irani said what women today are ensuring is that their contribution to economies and social fabrics of nation-states is counted for and is on a par with men. The four-day event will also have G20 Ministerial Conference on Women Empowerment between August 2-4.
01.08 / 07:57
UPS
Target
Progressive
show
track
country
Coal India shares up 5% after July production rises 13.4%
Coal India (CIL) rallied 5% to Rs 240 in Tuesday's trade on BSE after the company posted 13.4% growth in coal production at 53.6 MTs in July 2023 over last year’s July. The output increased by 6.3 MTs compared to 47.3 MTs production on July 22. «Progressively CIL’s production soared to 229.1 MTs till July’23 in the current financial year achieving 99% target satisfaction.
01.08 / 07:55
UPS
Action
Pool
Corning
SPY
country
Warning
Could economic indicators give an early warning of a war over Taiwan?
signs of a potential conflict. The most likely flashpoint is Taiwan, the self-governing island that China claims and America supports. Were China planning to invade Taiwan, its military preparations would be hard to hide.
01.08 / 07:35
COST
CEO
Platform
Remark
country
Funding in PropTech firms dips slightly: Report
Funding in PropTech firms experienced a slight dip in 2022, reaching USD 719 million, according to a report by housing.com. However, the PropTech sector has demonstrated resilience, with a cumulative investment of nearly USD 4 billion between 2009 and 2022, boasting a remarkable compounded annual growth rate (CAGR) of 49 per cent. «Investments in the PropTech space remained stable throughout 2022, even amidst global turmoil.
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