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India-EU trade mustn’t stumble on digital sovereignty "The EU is advocating for stronger intellectual property protections, which India is cautious about due to concerns over generic medicines. Additionally, the EU is pressing for sustainability and labour standards in the agreement, but India is worried about their impact on its domestic regulations and industries," said trade analyst Ajay Srivastava, who is the founder of Global Trade Research Initiative (GTRI), a think tank.

Ola Electric, Hindustan Zinc, SpiceJet, SBI, Glenmark Pharma among others will be in focus due to various news developments and first quarter results. Hindustan Zinc Hindustan Zinc Limited (HZL) has announced its offer for sale from August 16 to 19 and has set the floor price at Rs 486 per share according to reports.

Optiemus Infracom is looking to raise around Rs400 crore to expand its manufacturing business and enhance its brand image ahead of a planned foray into making and selling screen protectors and mobile phone cover glass under a licence from US-based Corning. The company, in a stock exchange filing, said the fund-raise will be done through preferential allotment of 75 lakh convertible warrants, convertible in one or more tranches into equity shares of RS 10 each, within 18 months into equity shares. The funds are going to be used in expanding the company's manufacturing business and for marketing spends. The company is planning to expand its manufacturing business to make laptops and notebooks under the IT hardware production-linked incentive scheme, according to industry executives who are aware of the matter. It is currently in talks with a global brand and is expected to start manufacturing for them in the next 3-6 months.

electric mobility terming it a right step in the right direction for the country. The Mumbai-based auto major noted that supporting electric mobility is in the best interest of the nation. «The right direction for the country is EV focus and we believe that is what the government should support,» Mahindra & Mahindra (M&M) Executive Director and CEO for auto and farm director Rajesh Jejurikar told reporters here. He was responding to a query regarding the company's stand on the Uttar Pradesh government announcing registration waivers for hybrid vehicles.

Retailers and brands said there has been a 5-10% growth in sales during the Independence period sales this year as compared to last, driven by improvement in sentiments, premiumisation with a marginal recovery in volume or number of units sold for categories like smartphones and laptops, industry executives said. While consumers lapped up premium products in cities and large towns continuing the trend of the last three years, demand in rural areas continued to be muted this month. “Consumer sentiment appears to have improved a bit more than what it was for the rest of the year. We expect 5-10% growth in sales while volume wise there might be an improvement only in the grab and go categories like mobile phones and laptops,” said Nilesh Gupta, director at Vijay Sales, a leading consumer electronic retail chain in Delhi-NCR, Mumbai and Ahmedabad.

No consumer durable purchase is a more powerful marker of upward mobility than car ownership. Air conditioners, washing machines, etc, tend to be utility purchases. The car one owns, in contrast, is not just far more publicly visible, it is a status symbol in India.

Binance has registered with India’s virtual digital asset (VDA) monitoring agency FIU-IND after paying a penalty of Rs 18.82 crore, lifting a seven-month ban on its website and mobile application in India. Binance registration with the Financial Intelligence Unit (FIU-IND) marks its 19th global regulatory milestone, the company said in a statement on Thursday. “Recognising the vitality and potential of the Indian VDA market, this alignment with Indian regulations allows us to tailor our services for Indian users,” said Richard Teng, chief executive of Binance. “It is a privilege to extend the reach of our cutting-edge platform to this thriving market, supporting India’s continued VDA evolution.”

Independence Day, highlighted that India is moving towards self-reliance by improving domestic manufacturing and has even started exporting to other countries. PM Modi emphasized that India has become self-reliant in mobile phone manufacturing and is now exporting to other countries. «There was a time when we imported mobile phones, but today we have built a mobile phone manufacturing ecosystem, and now we have started exporting mobile phones to the world,» said PM Modi. Regarding the defence sector, PM Modi stated that India is becoming self-reliant in defence manufacturing.

The Chief Minister was delivering his address on the occasion of 78th Independence Day, after hoisting the national flag at the Manekshaw Parade Ground here. He noted that MoUs (memorandum of understanding) have been signed with 13 industries, which will bring in investments worth Rs 42,915 crore and is expected to create around 22,600 jobs. The government has approved 591 investment projects through single window committees during 2023-24, he said adding this will result in a flow of Rs 84,232 crore investment and employment generation for 1,56,986 people. «During 2023-24, our state stood first in exports, with a value of USD 1,66,545 Million.

Mars, whose brands include M&M’s, Snickers and Skittles, is buying food company Kellanova in a nearly $30 billion deal, giving it access to brands such as Cheez-It, Eggo and Pop-Tarts

China's Tencent Holdings reported an 8% rise in second-quarter revenue on Wednesday, driven by a recovery in its gaming business after a launch of a new mobile game in May that got off to a strong start. The world's largest video game company and operator of the WeChat messaging platform said revenue reached 161.12 billion yuan ($22.5 billion) in the quarter ended June 30. Analysts had expected revenue of 160.77 billion yuan, according to LSEG data. Tencent's core gaming business had faced headwinds, with China revenue declining for two consecutive quarters since the fourth quarter of last year, partly hit by successful rollouts of rival games from competitors.

Ola Electric Mobility on Wednesday reported a consolidated net loss of Rs 347 crore for the quarter ended June 30, 2024, which was up from Rs 267 crore reported by the EV two-wheeler maker in the year-ago period. The revenue from operations for the quarter stood at Rs 1,644 crore, which was up by 32.3% from Rs 1,243 crore reported in the corresponding quarter of the previous financial year.

₹12,999. Available in Breeze Blue and Midnight Violet, you can purchase it on OPPO's e-store and Flipkart.For those who prioritize display quality and durability, the HONOR X9b 5G is a good option. It features India’s first bounce anti-drop curved AMOLED display, ensuring resilience against accidental drops, and is certified with IP53 water and dust resistance.

Gensol Engineering and Matrix Gas & Renewables has bagged a 237 MW electrolyser manufacturing plant project, a statement said on Wednesday. The project was secured through a competitive bidding process invited by Solar Energy Corporation of India (SECI), Gensol Engineering said, adding that the project will be set up as part of the government's production linked incentive (PLI). «Gensol Engineering in collaboration with Matrix Gas & Renewables announced that it has emerged as a winning bidder for 237 MW annual capacity under the PLI scheme for setting up electrolyser manufacturing plant,» it said. With the latest win, the Gensol-Matrix consortium has secured a cumulative 300 MW capacity, including a 63 MW project awarded earlier in an SECI tender.

UK Board Compartment Result 2024 LIVE Updates: The results would officially be declared by the Chairman of the Uttarakhand Board at the Directorate of Secondary Education, Dehradun. Candidates who have appeared for the exam can access the results online through the official UBSE website, uaresults.nic.in.

₹117 crore in penalties to the government. The penalties were imposed after the ministry of heavy industries found that Okinawa allegedly violated domestic manufacturing criteria under the FAME-II (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles) scheme. The second edition of the scheme that’s designed to promote the adoption of electric vehicles in India concluded in March.

Sead specializes in writing factual and informative articles to help the public navigate the ever-changing world of crypto. He has extensive experience in the blockchain industry, where he has served...

Sanjoy Roy, who was arrested for the rape and murder of a woman doctor in Kolkata. Roy, a 33-year-old civic volunteer with the Kolkata Police, was found to have a troubling history of violent behaviour and disturbing addictions. According to the police, Roy was reportedly addicted to violent and disturbing pornography, as revealed by the content discovered on his mobile phone. «The pornography content in his mobile phone was quite disturbing and violent. We wonder about the state of his mind as watching such things is quite unnatural,» a police officer told PTI. Roy's background paints a picture of a man with a deeply troubled past. Since joining the Kolkata Police as a civic volunteer in 2019, Roy had been married at least four times, with a reputation as a womaniser. He had a history of physically abusing his wives, and neighbours often reported hearing fights from his home. His first wife was from Behala, his second from Park Circus, his third from Barrackpore, and his fourth from Alipore.

The new fund offer or NFO of Groww Nifty EV & New Age Automotive ETF was open for subscription from July 22 to August 2. The NFO of Groww Nifty EV & New Age Automotive ETF FOF was open from July 24 to August 7. Over 1.7 lakh investors invested ~130 cr in Groww Nifty EV & New Age Automotive ETF and FOF in 15 days. The ETF, which opened for trading on August 12, offers investors a unique opportunity to participate in India’s growing electric vehicle and new-age automotive sector growth.

Delhi government's anti-corruption branch (ACB) has arrested seven individuals, including a suspended GST officer, three advocates, two transporters, and a proprietor of fake firms, for their alleged involvement in a GST fraud racket. The fraud involved fraudulent GST refunds that amounted to approximately Rs 54 crore, and forged invoices totaling Rs 718 crore were discovered. The operation uncovered nearly 500 non-existent firms, which appeared to be engaging in business activities solely on paper to claim the fraudulent refunds, a TOI report stated. Officials have pointed to significant procedural lapses and malpractices by the arrested GST officer, Babita Sharma, who has since been suspended. The fraudulent refunds were reportedly approved without proper verification of input tax credit, which has resulted in a substantial loss to the government’s exchequer. ACB Chief Joint Commissioner Madhur Verma highlighted the nature of the fraud:

Indian regulators and policymakers have amplified their call for banks to become innovative in raising deposits. This low-cost source of funds is trailing the pace of bank lending, and if credit-deposit gaps persist, lenders would either need to rely more on costlier sources or go slow on credit, which could drag the growth of our economy back. Over the weekend, finance minister Nirmala Sitharaman exhorted banks to pre-empt such a scenario.