Cover Financial News
01.08 / 15:49
UPS
Manufacturing
country
cover
electronic
Govt rolls out mandatory quality norms for smart meters, welding rods
DPIIT) on July 14. These items cannot be produced, sold/traded, imported and stocked unless they bear the Bureau of Indian Standards (BIS) mark, the notification stated. Now, manufacturing, storing and sale of non-BIS certified products are prohibited as per the BIS Act, 2016.
01.08 / 15:09
UPS
BLOCK
Waters
PINK
cover
Flu
safe
Spike in conjunctivitis cases causes alarm; here's how you can stay safe from 'pink-eyes' flu
Barbie’, but don’t ignore pink eyes!Conjunctivitis, also known as the ‘pink eye syndrome’, is a common yet painful ocular disease. It occurs due to the inflammation of the conjunctiva, the thin membrane that covers the white part of the eye. The infection is contagious and can spread rapidly from one individual to the other. In a press release, Dr. TS Sujatha, General Ophthalmologist and Cataract Surgeon at Dr. Agarwal's Eye Hospital explained that high humidity during the rainy seasons generations growth of bacteria, leading to more conjunctivitis. “The prevailing high humidity during the rainy season fosters viral growth, creating favorable conditions for the spread of conjunctivitis. Areas with frequent water logging and regions where hygiene practices are not well-maintained, such as slum dwelling areas, are at higher risk for transmission. Children, their family members, and even healthcare workers have been significantly impacted, making up almost 30-40% of the affected group.” she explained in the statement.
01.08 / 14:15
01.08 / 14:03
01.08 / 12:39
Manufacturing
Mobile
cover
guidelines
Govt issues new guidelines to revitalize domestic tyre industry
New Delhi: The commerce ministry on Tuesday issued fresh guidelines aimed at bolstering domestic tyre manufacturing industry, three years after imposing curbs on import of certain pneumatic tyres. The move comes as the Indian tyre industry experiences a surge in demand for both domestic sales and exports, driven by an increase in vehicle ownership and the rising mobility and industrialization.
01.08 / 12:11
UPS
Provident
Twitter
Apple
Forbes
cover
NOT
Your Apple Pencil may not work with iPad if you do “this”
If you ever, for that tiny fraction of a second, come across a situation where you broke your iPhone or MacBook, Apple has you covered. In place of sending your device for repair, Apple has a provision of Self Service Repair that allows the user to follow certain steps and get their device fixed. But there might be some issues with fixing your iPad (and perhaps cutting some corners).
01.08 / 11:39
COST
cover
National
surges
Cargo movement on national waterways surges 16% in 2022-23
New Delhi: Cargo movement on India’s national waterways witnessed increased 16% year-on-year during the fiscal year 2022-23, Union minister for ports, shipping, and waterways, Sarbananda Sonowal said in a written reply in the Rajya Sabha. “The traffic between Varanasi in Uttar Pradesh to Haldia (NW-1) increased from 10.93 million ton in 2021-22 to 13.17 million ton in 2022-23 recording an increase of 20.52%," Sonowal added.
01.08 / 10:22
COST
Waters
Extreme
CEO
Exponent
cover
Backed
Pawan Munjal backed Exponent reveals the tech that makes 15-min rapid charging a realiy
EV startup, Exponent Energy has showcased its proprietary energy stack — battery pack, charging station and charging connector — that together claims to offer 15-minute rapid charge. Exponent claimed that EVs powered by its stack are 30% more affordable due to optimised battery capacity which are 30% smaller, and 5 year financing (powered by 3000 cycle life warranty). Additionally, the company claimed, 15-minute rapid charging reduces EV charging cost by 33%. “At Exponent, we’re building the future of energy that combines cutting-edge engineering with real world economics, and our off-board thermal management system is a testament to that belief. For everyone to go electric, consumers need EVs that charge faster, last longer, and cost lesser. Our unique twosided approach to 15-minute rapid charging makes EVs last 3 times longer and cost 30% less than conventional EVs," said Arun Vinayak, CEO and Co-founder, Exponent Energy.
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 / 07:34
Lowe's
Shell
cover
Hero
ED searches Hero Moto Chairman Pawan Munjal's residence: Report
Hero MotoCorp's Chairman Pawan Munjal, ET Now reported citing sources on Tuesday. The shares of the company to the day's low of Rs 3,063 per share, down 4.4 per cent following this development. ET in June had reported that the Ministry of Corporate Affairs (MCA) ordered an investigation against Hero MotoCorp Limited over alleged corporate governance issues.
01.08 / 07:17
UPS
Provident
country
cover
WTO
India to flag concerns over EU's carbon tax, deforestation regulation in WTO meet next year
carbon tax, on their domestic industry, during WTO ministerial meeting next year, an official said. The four-day 13th ministerial conference (MC) of the World Trade Organization (WTO) is scheduled for February 26 next year in Abu Dhabi. MC is the highest decision-making body of WTO. «These issues will come up in the WTO in a big way. Countries like India will oppose these measures in the WTO,» the official said. In the first seven months of this year, the EU has introduced four regulations on climate change and trade. These are carbon border adjustment mechanism (CBAM); deforestation regulation; including shipping in the EU's emissions trade system; and Foreign subsidies regulation. EU member Germany too has announced a supply chain due diligence act (SCDDA). «This will become a major issue in the MC13. Many member countries have already submitted papers against some of these regulations in the WTO. It looks like discussions will happen on these regulations and a general view will also converge,» the government official, who did not wish to be named, said. Geneva-based 164 member multi-lateral body WTO deals with global exports and import-related norms. Besides, it adjudicates trade disputes between the member countries.
01.08 / 06:11
01.08 / 06:07
cover
Maharashtra: Thane girder collapse kills 17; CM Eknath Shinde announces ex-gratia to families of deceased, orders probe
₹5 lakh for the families of the deceased in the crane accident at Shahapur in Thane district. Expressing his grief over the loss of lives, CM also added that instructions have been given for the thorough investigation of the incident. While speaking to reporters, the Chief Minister said, "On Girder machine collapse in Thane's Shahapur, Maharashtra CM Eknath Shinde, says “ ₹5 lakhs ex-gratia will be given to the next of kin of the deceased.
01.08 / 05:21
01.08 / 03:41
ETF
CEO
country
cover
LIC Mutual Fund completes merger of IDBI Mutual Fund schemes
LIC Mutual Fund (LIC MF) on Monday said it has completed the takeover of schemes of IDBI Mutual Fund. The move is in line with LIC MF's aim to strengthen and diversify its product offerings, expand footprint and grow its assets under management (AUM) to emerge as a leading fund house in the country, according to a statement. The merger is effective from July 29. As of June 2023, LIC MF had an AUM of Rs 18,400 crore, while IDBI MF had Rs 3,650 crore.
01.08 / 03:23
COST
UPS
Fighting
cover
Quantitative easing has cost hundreds of billions of dollars
global financial crisis, rich-world central banks have bought trillions of dollars’ worth of bonds in an attempt to stimulate their economies. Now the bill is coming due. At the last count America’s Federal Reserve had a paper loss of $911bn on its $8.2trn securities portfolio.
01.08 / 01:31
COST
Manufacturing
Action
cover
social
compliance
Companies say Sebi's new rules increase compliance load
Sebi), aimed at improving corporate governance and investor protection have led to an increased compliance burden and associated costs for listed companies, according to India Inc. Companies are struggling to prepare themselves for the new regulations, some of which are in place while others will take effect in the next few months, executives said. The new rules include confirmation or denial of market rumours, disclosing business contracts to family settlements, matters concerning senior employees, new environmental, social and governance regulations, communicating actions taken by any authorities, the companies say.
01.08 / 01:15
UPS
Booking
NIFTY
band
cover
F&O cues: Nifty futures signal trade in 19,300-20,200 range during August series
Motilal Oswal Financial Services said. Meanwhile, as per the analysis, since the beginning of August series, Option data is scattered at various far strikes in monthly series. On a weekly front, Maximum Call open interest (OI) is at 19,800 then 19,700 strike while Maximum Put OI is at 19,600 then 19,500 strike.
01.08 / 00:09
Provident
cover
Inside
Leak
Billionaire Joe Lewis’ representatives deny Aussie beef leak
Two key representatives of Joe Lewis, the UK billionaire indicted last week for insider trading in the US, have denied leaking confidential information while on the board of Australian beef giant AACo.
31.07 / 21:23
Citi
cover
settlement
MLB pays $185 million in settlement of minor leaguers' minimum wage lawsuit
Major League Baseball has paid its $185 million settlement of a lawsuit by minor leaguers alleging violations of minimum wage laws
31.07 / 20:51
FIVE
Aware
cover
Power
resolution
'IL&FS Tamil Nadu power has Rs 3,000 cr of cash and a hurdle to resolution'
ITPCL) has been deadlocked with lenders demanding the distribution of cash with the company before a restructuring plan can be implemented. Although the broad contours of a restructuring plan have been agreed upon, its implementation hinges on approval from individual lenders as well as the National Company Law Appellate Tribunal (NCLAT), people familiar with the matter said. ITPCL is a special purpose vehicle promoted by IL&FS, with a 3,180 MW coal-based thermal power plant at Cuddalore in Tamil Nadu.
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