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commerce ministry on Wednesday clarified that the interest equalisation will be capped at Rs 1.66 crore per IEC (import-export code) for the July 1-August 31 period. Last month, the government extended the interest equalisation scheme (IES) on pre- and post-shipment rupee export credit for two months to promote the country's outbound shipments. The scheme, which provides exporters interest benefits, ended on June 30 this year. In a trade notice, the Directorate General of Foreign Trade (DGFT) said the scheme extended on June 28, 2-24 is applicable only to MSME manufacturer exporters, who are eligible for IES benefit of 3 per cent.

Microsoft has asked its employees working in China to use only iPhones for work. According to Bloomberg, the Bill Gates-founded company asked hundreds of its employees to verify their identities through the Microsoft Authenticator password manager and the Identity Pass app, available on Apple devices. As Google's mobile services, including its Google Play app store, are not available in China, the company blocked employees from using Android devices to access its corporate platforms. Consequently, Apple's App Store remains the only place for Microsoft employees in China to download and use the Microsoft Authenticator and Identity Pass apps.

Zurich, July 5: Tangem AG, the leading global provider of secure hardware wallet solutions, is thrilled to announce a partnership with Visa, a world leader in digital payments, to enable an innovative self-custodial payment solution for hardware wallets.

Vodafone Idea has reached out to the Department of Telecom to seek waiver on a financial bank guarantee worth Rs 24,747 crore for spectrum payment due in September 2025, according to sources. Vodafone Idea (VIL) needs to securitize the annual instalment one year before the due date of the payment. «Vodafone Idea has reached out to DoT seeking waiver for financial bank guarantee (FBG) worth Rs 24,747 crore which it has to pay in September 2025. The FBG needs to be deposited one year before the due date as per spectrum auction rules,» a source, who did not wish to be identified, told PTI. An email query sent to Vodafone Idea elicited no response.

A Delta flight from Detroit to Amsterdam was diverted to New York’s Kennedy Airport after passengers were served spoiled food

₹6-18 lakh come under the ambit of middle-income group, while those in the ₹6-12 lakh income slab are under the middle-income group-I (MIG-I) and those with income in the range of ₹12-18 lakh fall under MIG-II. Households with an annual income of ₹6-12 lakh per year can currently buy or build a property with a carpet area of up to 90 sq. m under the scheme, while households with an annual income of ₹12-18 lakh per year can build or buy a property with a carpet area of up to 110 sq.

Such parents repeatedly tell children that their lives are dedicated to them. Many are prepared to do whatever it takes to provide what they think is the best for their children. This indulgence begins with birthday parties and treats, moves on to coaching classes and courses of choice, and extends to setting them up and subsidising their adult lives. The less we talk about lavish weddings, the better. Financial planners indicate that children’s education is the top financial goal for most parents. They save aggressively to make this happen. They work well beyond providing reasonably for their children. A combination of factors is at play: parents want their dreams fulfilled by children; they relive their lives through them; they compete in social circles over the accomplishments of their children; they believe that indulging every whim is a mark of good parenting; they suffer the guilt of being away at work and try to make it up to them, opening the door for manipulation. The list that blames the parents is fairly long.

President Biden says Donald Trump is a lawbreaker, but his Administration is hardly any better. A case in point is its failure to file a report to Congress required by law on the status of Iran’s nuclear weapons program. Sen.

Nagaland five individuals are feared drowned in recent extreme weather events, including two children. The state has been witnessing flooding and landslides since last month. Heavy rainfall due to the ongoing southwest monsoon has caused widespread destruction, including fatalities and damage to infrastructure, crops, and properties across Nagaland. According to official assessment provided by the Nagaland State Disaster Management Authority (NSDMA) the first human casualty occurred in Tuensang on June 28, where two boys from Kejok village under Sangsangyu block of Tuensang district were swept away at Ayong nullah. One boy's body was retrieved on the same day.

1. LG 1.5 Ton 3 Star DUAL Inverter Window AC Don't miss the Amazon Prime Day Sale pre deals on ACs, featuring the LG 1.5 Ton 3 Star DUAL Inverter Window AC.

Standard Chartered’s crypto subsidiary Zodia Markets is reportedly in talks to acquire the over-the-counter (OTC) business of Elwood Capital.

army personnel were deployed in the hills and dense forests of Jammu and Kashmir's Kathua-Udhampur-Doda belt as the search for the terrorists behind the ambush on an army patrol in Kathua district entered its fourth day on Thursday. Since the attack on Monday, that killed five army personnel and injured as many, 60 people have been detained for questioning, including three individuals suspected of providing food and shelter to the terrorists, officials said. One those detained is a woman who cooked food and handed over it to a person. The quantity of food prepared was sufficient for «10 to 15 people», they said. Security agencies suspect that the food was intended for the terrorists, the officials added. In Kathua, senior police and Border Security Force officers from Jammu and Kashmir and Punjab met to discuss the security grid along the International Border (IB), from across which the terrorists are believed to have infiltrated, the officials said.

SME IPO of Ganesh Green Bharat, which closed on Tuesday, received strong response from investors across categories. The company is likely to finalise the share allotment process later today or tomorrow. Investors can check the status of Ganesh Green Bharat IPO allotment by logging in to the official website of the registrar, which is Link Intime India in this case. Follow the step by step process mentioned below to check the status of allotment.

Gurugram, July 03, 2024: As the awareness and demand for term insurance gains momentum, Policybazaar has observed a steadily growing preference among High-Net-Worth Individuals (HNIs) for high-value insurance coverage. This shift is visible through an increasing number of HNIs opting for high-value policies of ₹20 Crore over the last few years.

IBDF), a body of television broadcasters and OTT platforms, Friday sought relief from the National Company Law Appellate Tribunal (NCLAT) against an interim order by the antitrust regulator that had refused to restrain Google from imposing service fees on app developers. The Competition Commission of India (CCI) had in March refused to grant the applicant and some others interim relief from Google's app payment policies until it reached a final verdict. The IBDF's counsel has now urged the NCLAT to stop Google from collecting fees on the transactions of apps listed on the Google Play Store, including for paid app downloads and in-app purchases.

Recalling Shah Rukh's transition from Delhi to Mumbai without a permanent residence, Juhi remarked, «I remember Shah Rukh in those days didn't have a home in Mumbai. He would come from Delhi, his hometown. I don't know where he stayed.» She vividly described Shah Rukh's immersion in the film crew's camaraderie, sharing meals and blending seamlessly with the unit. «He also did 2-3 shifts then. He was very driven,» Juhi added, highlighting Shah Rukh's relentless dedication to his craft amidst multiple film projects.

A lawsuit challenging a Biden administration rule permitting socially conscious investing by employee retirement plans will test the courts’ approach to federal regulations following a pivotal Supreme Court decision.

₹2 lakh per year to ₹5 lakh to add momentum to housing demand.- Long-Term Capital Gains: Bring long-term capital gains at 10% on par with equity shares.- Municipal Charges: Exclude municipal charges from the purview of GST.- GST Reduction: Reduce GST on under-construction properties to make homes more affordable.- Redefine Affordable Housing: Broaden the definition of affordable housing to expand the benefits for homebuyers, thereby boosting end-user demand.- Interest Subsidy: Provide an interest subsidy for first-time homebuyers to boost sales in the real estate sector.- Introduce tax exemptions for rental income to encourage greater investment in residential real estate.4. Industry Status & Budgetary Support:- Industry Status: Grant “Industry" status to the housing sector to incentivize growth and attract significant investment.- Budgetary Allocation: Allocate funds from the Special Window for Affordable and Mid-Income Housing (SWAMIH) fund in the upcoming union budget for FY 2024-2025 with relaxations, including allowing input tax credit under GST and providing incentives for rental housing to achieve the housing-for-all targets.By addressing these expectations, the industry will not only drive growth in the real estate sector but also stimulate demand in various ancillary industries, thereby boosting job creation across these sectors.Overall, the hope is for policy measures that foster sustainable growth and address key challenges facing the industry in the upcoming budget.The author, Pramod Kathuria is Founder and CEO of Easiloan.Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before

Niva Bupa Health Insurance has filed the draft red herring prospectus (DRHP) to raise ₹3,000 crore through an initial public offering (IPO). The standalone health insurance firm will be the second health insurer listed on Indian stock exchanges, following Star Health and Allied Insurance. The IPO will include a fresh issue of shares to raise ₹800 crore for improving solvency ratio and operating expenses, and an offer for sale by existing shareholders, British United Provident Fund Bupa and Fettle Tone LLP, amounting to ₹2,200 crore. According to draft papers, the health insurance company is considering a pre-IPO placement of up to ₹160 crore, which would reduce the size of the fresh issue. The company plans to allocate 75% of the net offer to qualified institutional buyers, 15% to non-institutional bidders, and 10% to retail investors.

Modarres military base and the Khojir missile production complex near Tehran, as reported by Reuters. Key Sites and Developments The imagery from Planet Labs shows structures surrounded by large dirt berms, which are typical for missile production to prevent explosions from spreading. Jeffrey Lewis from the Middlebury Institute of International Studies at Monterey noted that construction at Khojir began in August last year, while Modarres' expansion started in October.

Earth's inner core, a solid metal ball spinning independently within the planet, has significantly slowed down. Published in the journal Nature, these findings reveal a 70-year cycle in the core's rotational speed, providing critical insights into the complex dynamics of Earth's interior. Challenges of Studying the Inner Core Studying Earth's deep interior directly is impossible. Seismologists gather information by examining the behavior of seismic waves from large earthquakes that reach the inner core. Differences in these waves, observed at different times, allow scientists to measure changes in the core's position and calculate its spin.