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inflation landscape exhibited spatial variability in June 2024, with 12 out of 22 states reporting inflation rates exceeding the national average of 5.1 per cent, according to SBI research. Odisha recorded the highest inflation at 7.22 per cent, followed closely by Bihar at 6.37 per cent and Karnataka at 5.98 per cent. This divergence highlights regional economic disparities as the country grapples with rising prices. Concurrently, the Index of Industrial Production (IIP) surged to a seven-month high of 5.9 per cent in May, reflecting robust growth in mining (5.9 per cent), manufacturing (4.6 per cent), and a remarkable increase in electricity production (13.7 per cent).

Deere is laying off nearly 600 workers as the farm equipment manufacturer deals with declining demand

Police have arrested an Italian farm owner after one of his workers, an undocumented laborer from India, bled to death after his arm was cut off by farm equipment

Suraj Pal Singh or "Bhole Baba" broke his silence on Saturday in connection with the Hathras stampede in which 121 people, mostly women and children, died, stating that «those who created the chaos will not be spared.» In a video statement Suraj Pal who also goes by the name of Narayan Sakar Hari expressed his grief and condoled the deaths at the tragedy that took place earlier this week during a 'Satsang' in Fulari village in Hathras district. «I am deeply saddened by the incident of July 2. May God give us the strength to bear this pain. Please keep faith in the government and the administration. I have faith that those who created the chaos will not be spared. Through my lawyer AP Singh, I have requested the members of the committee to stand with the bereaved families and the injured and help them throughout their lives,» the 'Baba' said.

Meghan Markle is eager to patch up with Princess Kate Middleton and is regretting the lingering divide within the royal family. Though genuinely wounded by recent confrontations, insiders close to Markle underline her desire to put any hatred behind her and make peace with Middleton, as reported by CBN. At the official funeral of Queen Elizabeth II in 2022, they had their final encounter. Aiming for peace According to insiders, Markle never meant for Middleton to suffer damage and regrets the way that recent events have turned out. Markle's friends confirm that she sincerely wants to settle disputes peacefully, even if they also acknowledge that she could have handled things differently, as reported by the 'New York Post'. Differing perspectives

Trent Ltd. rose 0.35 per cent to Rs 5616.0 in Friday's trade as of 01:29PM (IST) even as the benchmark Nifty ruled at 24250.8, down 51.36 points. The scrip had closed at Rs 5596.3 in the previous session. The stock quoted a 52-week low of Rs 1657.25 and a high of Rs 5643.85. The company quoted a market-cap of Rs 199715.96 crore on the BSE.

Shein said it would invest 250 million euros ($271 million) over five years in the UK and Europe as the company battles criticism of its model based around flying cheap clothes and accessories from factories in China direct to shoppers worldwide. Shein, which is preparing for a possible London listing, already sources some clothes from factories in Turkey, although the vast majority of its products are made by around 5,400 suppliers mainly in Guangzhou, China.

banks may face modest earnings growth in the fiscal first quarter squeezed by pressures on net interest margin (NIM) mainly due to higher deposit costs. While compressed NIM can hurt profitability, this will be partially offset by loan growth outpacing deposit growth, and robust treasury earnings helped by lower bond yields and a rallying equity market for most lenders, analysts said.

U.S. new-vehicle sales rose only slightly in the second quarter, despite larger discounts and slightly lower prices

Bad Boys 4" won't relieve Will Smith of his ten-year Oscar ban. This was mandated by the Academy Awards committee following Smith's widely publicized smack of Chris Rock at a live event. Three-time Oscar winner Paul N. J. Ottosson, who collaborated closely with Smith, favors the ban. While emphasizing forgiveness, Ottosson is adamant about carrying out the sentence, as per the reports of 'The US Mirror'. Ottosson thinks Smith could return in 2032 if he shows genuine remorse and continues to act honorably. Although he acknowledges Smith's professional accomplishments, he emphasizes the Academy's authority to impose sanctions for inappropriate conduct.

Budget Expectations: As India eagerly anticipates the Union Budget 2024, one area of keen interest for taxpayers, especially corporates, is the refinement of the faceless assessment scheme. Despite its noble intentions and innovative approach, the implementation of the faceless assessment scheme has encountered several significant challenges, which, if appropriately addressed, can pave the way for meeting the underlying intended objectives and play a pivotal role for ‘Ease of Doing Business’ in India. Typically, in case of large corporate taxpayers, before concluding the assessments, the Faceless Officer calls for copious amounts of data, justification etc. from the taxpayer such, as reconciliation of revenue with the GST returns, reconciliation of information reported on the Insight Portal, details of expenses in pre-defined formats etc. These information requests are often issued close to the statutory deadline for concluding such proceedings, leaving taxpayers with very limited time to provide the reconciliation and the necessary supporting documents, ultimately leading to unwarranted additions.

China is the world’s largest textile producer and consumer, throwing away 26 million tons of clothes each year, mostly made of unrecyclable synthetics

Android phone users. The Trojan Medusa is back after a year and is now even more dangerous. The malware had in 2020 affected the Turkish business establishments first. It has now expanded to other countries in Europe as well as the US. In 2022, many European countries were affected by this. This evolving virus also indicates that cyber security cannot be ignored and one will have to take precautions for ensuring a safe cyber space. It has affected many devices and there have been many loses sustained by the Android users.

American Airlines says a smoking laptop in a passenger’s bag prompted an evacuation on one of its flights headed to Miami from San Francisco International Airport

Joe Biden has received much needed backing from an eminent American presidential historian who managed to accurately foretell outcome of nine of the past 10 American Presidential elections, as per a New York Post report. American University history professor Allan Lichtman has also advised Democratic Party leadership not to think about dropping Biden out of the Presidential election race. Lichtman also allayed fears over 81-year-old Biden's psychological fitness. While talking to CNN News Central, Lichtman cited Hillary Clinton's example as many pundits in 2016 claimed that Democratic nominee won three out of three debates and Trump's chances were thought to be diminishing. However, results of Presidential election showed that America didn't get its first women President and Trump mania roared on the ballot.

A big gain for Tesla helped drive Wall Street to more records

flogging video surfaced on the internet, another shocking video from a Kolkata locality has gone viral, sparking outrage and drawing sharp criticism from the BJP against the Mamata Banerjee-led government. The BJP has accused the Trinamool Congress (TMC) of repeatedly committing atrocities against women in the state. BJP's deputy in-charge for Bengal Amit Malviya condemned the incident and linked it to previous instances of violence against women.

Huntington Private Bank chief economist Olu Omodunbi says the jobs report shows a slowing in the labor market on The Claman Countdown.

The NSE Nifty index was trading 17.75 points down at 24306.1, while BSE Sensex was down 81.06 points at 79915.54 at the time of writing this report.

Sri Lanka will hand over the loss-making Mattala International Airport in Hambantota to a joint India-Russia venture «during the next few weeks» to run, Minister of Aviation Nimal Siripala de Silva said here on Wednesday. The India-Russia joint venture was awarded the management of the Mattala International Airport in Hambantota in southern Sri Lanka in April. The USD 209 million facility was once dubbed the «world's emptiest airport» due to a lack of flights. «Action will be taken during the next few weeks to handover the loss-making Mattala International Airport to a joint India-Russia venture,» de Silva told reporters. Earlier, the Sri Lankan Cabinet, which met on January 9, approved the calling of Expression of Interest by prospective parties. Accordingly, five proposals were received, and the Cabinet-appointed consultative committee decided to award a management contract spanning 30 years to Shaurya Aeronautics (Pvt) Ltd of India and Airports of Regions Management Company of Russia.

ACC Ltd. slipped 0.85 per cent to Rs 2743.4 in Thursday's trade as of 01:45PM (IST). The stock hit a high price of Rs 2781.05 and low of Rs 2676.85 during the session. The return on equity (ROE) for the stock stood at 14.3 per cent. Traded volume on the counter stood at 01:45PM shares and turnover at Rs 3.7 crore around that time. The stock of ACC Ltd. quoted a 52-week high price of Rs 2843.0 and 52-week low prices of Rs 1763.25, respectively.