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Goldman Sachs Group Inc. has lowered India’s growth forecast by 20 basis points each for this year and the next, citing a contraction in central government expenditure. The bank now expects the nation’s economy to expand at 6.7% in calendar 2024, and 6.4% in 2025. The current year’s downgrade factors a 35% year-on-year contraction in government expenditure during the April-June quarter that coincided with the weeks-long general election, the US bank’s economist led by Santanu Sengupta wrote in a report Friday. India’s growth next year will be hampered by the government’s commitment in the budget to bring down the fiscal deficit to below 4.5% of gross domestic product. Expansion will also face headwinds from slower real consumption growth, driven by a slowdown in household credit due to the Reserve Bank of India’s stricter rules to control unsecured lending by banks, the economists said.

Starbucks has devoted itself to promoting its environmentally conscious credentials with considerable time and resources, and anyone who has ever had the misfortune of spending a few minutes browsing the company's website could reasonably assume they had unintentionally ended up on the Greenpeace homepage. The CEO of Starbucks mocks the green logo used by the company.

ED) had raided the residences of its top officials, including y Dr. Rashmi Saluja, Executive Chairperson, Mr. Nitin Agarwal, Group CFO, Mr. Nishant Singhal, Group General Counsel of Religare Enterprises Limited (REL/ Company) and Mr. Chirag Jain, Chief Operating Officer of Religare Finvest Limited (Wholly owned subsidiary of the Company), on August 21, 2024, in a press release. ET had earlier reported that the ED had seized several documents including the demat and bank accounts of these officials.

iPhone 16 Pro models are expected to feature larger screens than ever before. While the standard iPhone 16 and 16 Plus could retain the dimensions of their predecessors, the Pro versions will likely boast larger displays. The iPhone 16 Pro is rumored to come with a 6.3-inch display, an upgrade from the 6.1-inch screen on the iPhone 15 Pro.

target for monetary policy rather than switching to core inflation, external members of the central bank's rate panel told Reuters. A suggestion was made in the government's official annual economic report last month to target inflation excluding volatile food prices, which are driven more by supply shortages. The idea has ignited a debate in India over the appropriate target for monetary policy. India adopted the inflation targeting framework in 2016, setting a 4% headline inflation target for the central bank's rate setting panel.

regulator Directorate General of Civil Aviation (DGCA) has slapped a fine of ₹90 lakh on Air India for operating a flight on July 9 from Mumbai to Riyadh with an unqualified crew. Besides, the watchdog has slapped fines of Rs 6 lakh and Rs 3 lakh on Air India's Director of Operations and Director of Training, respectively, for the lapse. «Air India Ltd operated a flight commanded by a non-trainer line captain paired with a non-line-released first officer which has been viewed by the regulator as a serious scheduling incident having significant safety ramifications,» the release said.

Waterlogging caused severe traffic congestion in South Moti Bagh and Dhaula Kuan, Delhi. Additionally, the Delhi Traffic Police released a notice stating that waterlogging near GTK Depot was causing traffic issues on GTK Road. There is a traffic diversion in the direction of Wazirabad. Travelers can access the NPL side by traveling on Road No. 51.

NASA astronaut Sunita Williams and her fellow astronaut Butch Wilmore potentially running out of food and oxygen during their extended stay in space. Initially slated to return after just eight days, their mission has been delayed by more than two months due to technical issues with the Boeing Starliner spacecraft. With these delays, the question of whether they have sufficient supplies to last until their safe return has come to the forefront.

inquiry committee after a couple was caught engaging in intimate activity inside a Noida mortuary, specifically in a freezer room, reported TOI. While three people were arrested on Thursday in relation to the incident, lapses in security were raised as a prime concern. Sher Singh, a former mortuary sweeper who was later fired, was arrested following the emergence of a month-old video that went viral on social media showing the couple in the mortuary while a corpse lay on a nearby stretcher. Singh, along with Parvendra, a cleaner who recorded the video, and Bhanu, a driver who was present, were arrested for their roles in the incident. The woman involved has not yet been identified. Noida Chief Medical Officer Sunil Sharma stated that the incident revealed significant security lapses. A three-member committee, including Deputy CMOs Dr. Jaisalal and Dr. RP Singh, and forensic expert Dr. Rishabh Kumar Singh, has been tasked with investigating the incident. Jaisalal is responsible for the post-mortem house, according to the TOI report.

IMF's approval. Finance Minister Muhammad Aurangzeb and his team had a virtual meeting with Dr Adnan Chilwan, Group CEO of Dubai Islamic Bank, on Thursday, the Dawn newspaper reported on Friday. On Wednesday, a similar interaction was held with Mashreq Bank President and Group CEO Ahmed Abdelaal. Both meetings had been arranged to «discuss the economic outlook and explore investment opportunities in Pakistan». For the current fiscal year, Pakistan has pitched about USD 20 billion in foreign borrowing in the budget, besides another USD 3 billion rollover from the UAE that was reported separately for the balance of payments. With this much borrowing, Pakistan's reserves are estimated to grow to about USD 19-20 billion by the end of the current fiscal year.

Karnataka High Court reportedly denied woman's demand for Rs 6.16 lakh per month in alimony, emphasizing the need for realistic financial claims. The single-judge bench, led by Justice Lalitha Kanneganti, addressed the woman's request for a substantial monthly alimony, which included Rs 15,000 for clothes, Rs 60,000 for living expenses and Rs 50,000 in legal fees, among other costs.

Delhi High Court on Thursday ordered Jagdish Singh to post an apology on X for labeling Alt News co-founder Mohammed Zubair as a «jihadi» in a post from four years ago, reported TOI. Justice Anup Jairam Bhambhani's single-judge bench directed Singh to issue the apology within a week and keep it on X for at least two months. The directive followed a 2020 petition by Zubair seeking to dismiss a Delhi Police FIR after Singh accused him of cyber sexual harassment related to a retweet of Singh’s granddaughter's blurred photo. Delhi Police had cleared Zubair of wrongdoing in the case, according to the TOI repot. The court stated that Zubair would not pursue further action against Singh once the apology was posted, and Singh must include the specific text: «I regret making the above comment which was not made with any malice or intention to hurt or offend Mohammed Zubair,» referring to Singh's original tweet claiming «Once a jihadi is always jihadi.»

Shares of Tata Technologies today surged 4.5% to its day’s high of Rs 1,054 on BSE after the company reportedly saw a block deal worth Rs 1,218 crore, representing 2.9% of the company's total equity. Nearly 1.2 crore shares changed hands at an average price of Rs 1,019.8 per share, according to reports.

M3M India on Friday reported a 37 per cent increase in sales of residential and commercial properties in the June quarter to Rs 3,911 crore on strong demand. Its sales bookings stood at Rs 2,854 crore in the year-ago period. Out of total sales bookings in the April-June period of the current fiscal, Rs 2,972 crore pertained to the housing segment and Rs 940 crore to commercial properties, the company said in a statement. During the first quarter of this fiscal, M3M India said the total sales bookings in Gurugram stood at Rs 2,415 crore, while Noida projects contributed Rs 402 crore. Sales of residential plots at Panipat in Haryana were Rs 1,094 crore.

pharmacy of the world," its pharmaceutical giants are not just keeping pace—they're setting the pace. With the industry projected to leap from a value of $40 billion in 2021 to $130 billion by 2030, the stage is set for unprecedented growth. But as these companies scale new heights, they must also navigate a complex landscape of regulatory hurdles, global competition, and supply chain risks.

Zomato-Paytm ticketing deal appetizing for both The alumina market faces significant scarcity, with July prices hovering at 22% of London Metal Exchange (LME) aluminium price, well above the normal range of 14-17%. “We remain positive on Nalco in view of the firm alumina price outlook, integrated business model, and attractive dividend yield," analysts at Antique Stock Broking said in a research report. The report projected that Nalco’s Ebitda margin would expand from 21.8% in FY24 to 30.7% in FY26.

Jay Shah, the current secretary of the Board of Control for Cricket in India (BCCI), has emerged as the leading candidate to succeed Greg Barclay as the International Cricket Council (ICC) chair. The BCCI is confident that Shah will be elected unopposed, given the widespread support he has received from various cricket boards, which have expressed their desire for him to lead the global cricket body, a top source from the board has confirmed. To secure his nomination, the ICC requires a proposer and a seconder. Reports indicate that England and Australia are likely to back Shah's candidacy, further solidifying his bid for the top position.

Qatar reports of seizure of copies of the Guru Granth Sahib, and is according high priority to the matter. «We have seen reports regarding the Guru Granth Sahib seized by the Qatari authorities and the demand of their release by the Sikh community,» External Affairs Ministry spokesperson Randhir Jaiswal said. He said the government has already taken up the matter with the Qatar side and the Indian embassy in Doha has kept the Sikh community in the Qatari capital abreast of the developments. «It is important to note that two Swaroops of Guru Granth Sahib were taken by Qatar authorities from two individuals/groups who were charged for running religious establishment without approval of the government of Qatar,» Jaiswal said.

NEW DELHI : Danish drug manufacturer Novo Nordisk plans to scale up its operations in India by expanding its collaborations with its existing partners, said John Dawber, corporate vice-president and managing director for Global Business Services (GBS) at Novo Nordisk. Despite facing a significant shortage of its famous and in-demand diabetes and weight-loss drugs globally, collaborations, Dawber told Mint, will be the extent of Novo’s operations in India as it already has “strategic production sites across the globe for manufacturing". “The Indian set-up is the crown jewel of Novo Nordisk.

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.