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Last checked, US-based Tesla had not taken the bait of India’s policy package unveiled in March to attract global makers of electric vehicles (EVs), though Vietnam’s VinFast may qualify for its benefits—which include low-tariff imports of EVs worth under $35,000 apiece for five years—and Germany’s famous Mercedes-Benz has it under consideration. As reported, Mercedes India’s CEO Santosh Iyer has said the car-maker is ready to invest $500 million, the qualifying minimum, if it could be certain that today’s 5% GST rate for EVs stays in place for at least a decade. In itself, this is not an unreasonable ask.

BEIJING — The market for initial public offerings in Hong Kong is set to improve significantly over the next five years, starting in the second half of this year, George Chan, global IPO leader at EY, told CNBC in an interview Wednesday.

₹12,290 crore, against ₹12,210 crore by Tamil Nadu. This needs to be read in context. Since the financial year closes in March, April tends to report higher collection than all other months, and is a one-off.

A former investment advisor has been found liable for defrauding members of his religious community out of hundreds of thousands of dollars through a years-long deception, according to the SEC.

It's not only portfolio managers who have careers circulating between multistrategy hedge funds. These opportunities are open to compliance professionals too. Nathan Perrone, who's been working in equities compliance at Millennium, has availed himself of one.

₹27,000 crore for the health sector and ₹15,000 crore to provide tap water to 25 lakh rural houses in the state Budget for FY25.Presenting the full budget for the fiscal, she said four lakh vacancies will be filled in the next five years and a policy for youths will be framed.Moreover, the budget proposed electricity connection to 2 lakh households, ₹100 crore for corridor at Khatu Shyam temple, and formation of Rajasthan Tourism Development Board.She said that for the first time, nine greenfield expressways will be built in the state and free tablets with internet will be provided to meritorious school students.Amid uproar created by the Opposition, Diya Kumari, who is also the Deputy Chief Minister in the BJP-led state, said the government has decided to work on 10 resolutions.She said the state government is committed to making the state a USD 350 billion economy, developing water, electricity and road facilities, planning urban development, and empowering farmers.The minister also highlighted that the state has taken steps to curb paper leak incidents that happened in the previous government, adding that action has been taken against the mafia and more than 100 arrests have been made.Milestone Alert! Livemint tops charts as the fastest growing news website in the world

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.

Mbappé and France advanced to the European Championship quarterfinals after Randal Kolo Muani's deflected shot secured a 1-0 win over Belgium on Monday. Kolo Muani sent in an effort in the 85th minute that looped up off Belgium defender Jan Vertonghen and over stranded goalkeeper Koen Casteels. France will play Portugal or Slovenia in the quarterfinals on Friday.

security forces was helping families of eight SIMI activists killed in an encounter with police in 2016, a senior official of the Madhya Pradesh Anti-Terrorism Squad said on Monday. The ATS last week arrested Faizan Sheikh, a mechanic who was influenced by the ideologies of the Indian Mujahideen (IM) and the Islamic State (IS), from the communally-sensitive Khandwa town. «Sheikh was bringing together and helping the families of SIMI activists killed in an encounter with police. He conducted recees to carry out lone-wolf attacks on police personnel in Khandwa town,» Inspector General (IG-ATS) Ashish told PTI. The accused was arrested on July 4 and remanded to ATS custody for five days, he said.

A monthly SIP of Rs 10,000 in ICICI Prudential BSE Sensex ETF since its inception would have been Rs 1.55 crore now. The scheme was launched in January 2003 and has given an XIRR of 14.62% since inception.

Congress leader P Chidambaram on Saturday claimed that the Centre bypassed the Law Commission in enacting the three new criminal laws that came into effect from July 1. The Law Commission, comprising of retired judges, legal experts, professors, and permanent legal staff, would normally hold consultations with bar council members, and advocate associations and prepare a draft to be presented in the Parliament, he said. But the Law Commission was bypassed and five or six «part-timers» were appointed for a panel, he said on the Bharatiya Nyaya Sanhita, Bharatiya Nagarik Suraksha Sanhita, and the Bharatiya Sakshya Adhiniyam, replacing the British-era Indian Penal Code, Code of Criminal Procedure and the Indian Evidence Act. «The laws were not referred to the Law Commission nor was it consulted. This is wrong,» Chidambaram said while speaking at a protest organised here by the DMK advocate wing against the new laws.

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LONDON—By Friday, British Prime Minister Rishi Sunak will almost certainly be drummed out of Downing Street and his ruling Conservative Party facing its deepest hole in more than a century. Polls ahead of Thursday’s U.K.

Four of the past five Stanley Cup champions are based in a place with no state income tax, and the flood of talent to those locales continued in NHL free agency

Russia's defence ministry said on Tuesday that it had destroyed five Ukrainian SU-27 fighter jets and damaged two more the Myrhorod airfield in Ukraine's Poltava region with Iskander-M missiles. The ministry published footage of the attack which showed smoke and flames rising from an airfield. «As a result of the Russian strike, five active SU-27 multi-purpose fighters were destroyed and two were damaged,» the ministry said.

The NBA might not be happy with the NFL making Christmas Day a regular part of its schedule

In Quebec, hundreds of people remain on the hunt for a new home as July 1 marks the province’s traditional moving day.

Labour prime minister Keir Starmer will kickstart his plan to «rebuild Britain» on his first full day in charge Saturday, after his party's landslide election win ended 14 years of Conservative rule. Starmer spent his first hours in Downing Street on Friday appointing his ministerial team, hours after securing centre-left Labour's return to power with a whopping 174-seat majority in the UK parliament. He is expected to hold his first cabinet meeting on Saturday, with Britain's first woman finance minister Rachel Reeves and new Foreign Secretary David Lammy in attendance.

Union Bank of India has received bids for five of the 25 non-performing asset (NPA) accounts it put up for sale. The accounts that received bids from asset reconstruction companies such as JC Flowers ARC includes Jaypee Healthcare, Saraiwwalaa AGRR Refiners Limited, RCM Infrastructure and is looking to recover 15%-89% by selling these accounts. Prudent ARC submitted a bid for Saraiwwalaa AGRR Refiners, while JC Flower Asset Reconstruction Limited bid Rs. 61 crore for JP Healthcare. Maximus ARC Limited placed a bid of Rs. 27 crore for RCM Infrastructure. CFM ARC bid Rs. 16.29 crore for Green World International and Ramchand Baboo Mall & Company. All bids fall under the 100% upfront cash category. The bank received the bids on June 27 and plans to proceed with the Swiss auction based on the anchor bids on July 5. The highest bids received for each account will serve as the floor price during the auction. During the Swiss challenge, if a counter bid exceeds the floor price by a minimum markup of 5% to 15%, the original bidder will be given a chance to match the counter bid. If the original bidder matches the counter bid, they will be declared the successful bidder. If no counter bids are received, the original bidder will win by default.

Gautam Adani is looking to start building ships at the group's flagship port at Mundra, also the country's largest, as yards in top nations such as China, South Korea and Japan are booked out until at least 2028, forcing global fleet owners to look at alternate manufacturing sites including India for new vessels. This fits in with India's ambitious bid to become a top 10 shipbuilder as per the Maritime India Vision 2030 and move into the top five by 2047 as detailed in the Maritime Amrit Kaal Vision. India is currently ranked 20th in the world commercial shipbuilding market with a marginal share of 0.05%. Indian-owned and flagged ships account for about 5% of the total overseas cargo-carrying requirements of the country. Adani's previously unreported shipbuilding scheme is tucked away in the ₹45,000 crore expansion plan for Mundra Port that received environmental and coastal regulation zone clearance recently, according to the minutes of the Expert Appraisal Committee (EAC) attached to the ministry of environment, forest and climate change, which approved the proposal May 15.

4th of July. But, just before people go for the red, white and blue holiday, WalletHub has come out with a list of the best US cities for celebrating the occasion. It has compared as many as 100 cities across five categories. These are, Fourth of July celebrations; affordability; attractions and activities; safety and accessibility; and 4th of July weather forecasts. Some sub-categories like the legality of fireworks, average beer and wine prices, traffic congestion, and recreation friendliness were also included.