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electric vehicle (EV) manufacturers, especially as it comes hard on the heels of a plunge in June sales. It's also divided the industry, pitting those that are betting on pure electrics such as Tata Motors against those that prefer the hybrid route, like Toyota and Maruti Suzuki. Sales of electric cars in June plunged 13.5% from the year earlier, having suffered a marginal drop in May, triggering fears that the Indian market may be following global trends. After last year's euphoria, domestic sales slumped to 20% growth in the January-June period to 46,845 units. That's down from a 135% surge in the same period last year, prompting Tata Motors and others to recalibrate expectations. UP Govt Holds Meeting with Auto Cos

financial institutions must guard against any misadventure or intelligent interpretation of regulations or accounting standards, deputy governor Swaminathan J said in his remarks at the conference of CFOs and statutory auditors organised by the Reserve Bank of India (RBI). Banks must also keep the amount of internal accounts to the minimum as some of these accounts have been found to be used as a conduit for certain fraudulent transactions, Swaminathan who is in charge of financial supervision and inspection departments with the central bank among others said. “We found certain banks having lakhs of such accounts with apparently no valid reason. Some of these accounts were also used as a conduit for certain fraudulent transactions and ever-greening of loan accounts. Internal accounts are high risk in nature on account of its potential for misuse. I therefore request the CFOs to have them rationalised completely, bring them down to the essential minimum and exercise greater control through periodical reconciliation and a proper reporting to the audit committee of the board (ACB), Swaminathan said.

Israeli forces deepened an operation in the Gaza Strip's largest city in what the military said was meant to weed out militants, sending thousands of Palestinians fleeing on Monday from an area already ravaged in the early weeks of the nine-month-long war. The incursion into the eastern part of Gaza City expands Israel's engagement in the northern part of the beleaguered territory, an area Israel said it had seized control of months ago yet which has seen pockets of militant resurgence that have scaled back Israeli military gains and drawn forces back into such operations. Israel had ordered evacuations in the area before the raid was launched, the military said. Heavy fighting in the area in the initial weeks of the war all but emptied out Gaza City and its environs, and the Israeli military has prevented most people from returning to their homes there. But several hundred thousands of Palestinians remain in the area, living in the shells of their homes or shelters. The fresh fighting meant new displacement for many residents there.

Renukaswamy murder case, in which Kannada actor Darshan Thoogudeepa, his friend Pavithra Gowda and 15 others are accused, would be filed after gathering sufficient evidence, Karnataka Home Minister G Parameshwara said on Monday. All the accused are currently under judicial custody till July 18. According to police sources, 33-year-old Renukaswamy, a fan of the actor, had sent obscene messages to Gowda, which enraged Darshan, allegedly leading to his murder. His body was found near a stormwater drain next to an apartment in Sumanahalli here on June 9. «Accused have been arrested, investigation is on, evidence is being collected, after that chargesheet will be filed. Can it be fast forwarded just because the media says?» Parameshwara told reporters in response to a question.

Honda Cars India on Monday reported a 5 per cent fall in wholesales in the domestic market to 4,804 units in June. The company had dispatched 5,080 units to its dealers in the domestic market in June 2023, Honda Cars India Ltd (HCIL) said in a statement. Exports, however, grew two-fold to 4,972 units last month against 2,112 units exported in June last year, it added.

In a good news, «Kalki 2898 AD» will indeed be released on OTT streaming platforms as Amazon Prime and Netflix have brought rights of the movie. Amazon Prime will stream the Telugu, Tamil, Malayalam, Kannada version of the film along with English subtitles. Netflix will stream the Hindi version of «Kalki 2898 AD». There will be English subtitled as well, according to reports.

TCS too received a big boost from a $1.83-billion network project that it is executing for Bharat Sanchar Nigam Limited (BSNL). A senior equity analyst at a Mumbai-based brokerage firm said the company’s performance was “better than expectations." “There is a clear environment of weakness in the industry, and recovery has not panned out as yet. On overall terms, HCL’s business has strong foundations, and we saw its resilience clearly in the last fiscal.

Nazara Technologies with a target price of Rs 1080. The current market price of Nazara Technologies is Rs 916.05. Nazara Technologies Ltd., incorporated in the year 1999, is a Small Cap company (having a market cap of Rs 7061.35 Crore) operating in Services sector.

Agniveer named Shrikant Kumar Choudhary from Ballia district in Uttar Pradesh took his own life on Tuesday night, reported The Times of India. He used his INSAS service rifle inside the technical area of the Indian Air Force complex at Agra's Tajnagari under Shahganj police station. The reasons behind his actions are currently unknown as no suicide note was found. The Indian Air Force (IAF) has initiated an inquiry to ascertain the circumstances leading to Shrikant's death. His cremation took place on Thursday in his native village Narayanpur, with a ceremonial guard of honour.

Ericsson has reported a 44% on-year fall in sales in the second quarter of calendar 2024 in market area Southeast Asia, Oceania and India, primarily due to a moderation in network capex spends by India's top two telcos, Bharti Airtel and Reliance Jio, post-completion of their pan-India 5G rollouts. Ericsson's sales in the Southeast Asia, Oceania and India market area plunged to 7.7 billion crowns (₹6,116 crore approx) in Q2 2024, from 13.8 billion crowns (₹10,961 crore) in the year-ago period. Sequentially, the vendor's net sales in this region was down 10%. «Sales decreased by -44% YoY. Networks sales declined primarily in India as investment levels have normalised after a record year in 2023,» Ericsson said in its earnings report Friday.

According to a report by Sky News, ministers are going to pitch to global investment giants to draw foreign capital to the UK. They aim to surpass the £29.5bn unveiled in new projects and capital at a similar conference last year, which was attended by Blackstone, Goldman Sachs and JP Morgan Chase among others. The summit is expected to take place in October, but dates are currently being finalised with invitations due to be sent shortly after. The Labour Party had previously pledged to stage such an event in the first 100 days of government. 'There is no time to waste': Rachel Ree...

Novak Djokovic, the 24-time Grand Slam champion, created a stir at Wimbledon 2024 when he abruptly walked out of a BBC interview after being repeatedly questioned about his outburst at the Centre Court crowd. The incident occurred following his fourth-round win against Holger Rune, where Djokovic accused the crowd of being disrespectful. The controversy began when Djokovic, visibly upset by the behavior of some spectators, lashed out at the crowd during his on-court interview. He claimed that the fans were booing him, although the presenter suggested they were actually cheering for Rune. Despite the presenter’s attempt to clarify the situation, Djokovic remained adamant about the perceived disrespect. During the subsequent BBC interview, Djokovic's frustration grew as the reporter focused solely on the crowd incident. After answering three questions about the crowd, Djokovic snapped, asking if there were any questions about the match or other topics. When the reporter prepared to ask about his upcoming quarter-final match against Alex de Minaur, Djokovic walked out of the interview, accompanied by his representative.

Adani Power Ltd. traded 1.88 per cent lower in Monday's session at 01:44PM (IST). The stock opened at Rs 707.15 and has touched an intraday high and low of Rs 712.0 and Rs 693.05, respectively, during the session so far. The stock quoted a 52-week high of Rs 896.75 and a 52-week low of 235.7. About 194,032 shares changed hands on the counter so far.

Stanford University student, who was enrolled in 1936, has returned after over eight decades to get her graduate degree at the age of 105, as per a report on Fox News. Virginia Hislop was awarded the master's degree in education 83 years after her enrolment after checking her eligibility. Stanford's Graduate School of Education dean Daniel Schwartz revealed that Hislop was granted the degree after met current graduation requirements, as per the Fox News.

lewd and derogatory comments online against the widow of Kirti Chakra awardee Captain Anshuman Singh. In a letter issued on Monday, the NCW referenced specific legal provisions that the comment violates, including Section 79 of the Bharatiya Nyaya Sanhita, 2023, which penalizes acts intended to insult the modesty of a woman, and Section 67 of the Information Technology Act, 2000, which deals with the punishment for publishing or transmitting obscene material in electronic form. The letter outlines the penalties under these laws, noting that the offenses can result in imprisonment for up to three years and fines for first-time offenders, with harsher penalties for repeat offenses. The NCW has asked the Delhi Police to promptly register a First Information Report (FIR) against the person and to arrest him at the earliest.

Vinit Bolinjkar, Head of Equity Research, Ventura Securities, says he is constructive on Shalby Hospitals and thinks the stock can touch Rs 500 in the next couple of years. The second stock he likes is NTPC and says the NTPC green IPO should lead to a significant re-rating of the stock. He also expects a 50% upside on Senco Gold. He is also gung-ho on Wockhardt where he expects outsized disproportionate returns given that the company is coming out with a new molecule which, once it goes into commercial production, may see the stock double. Now that TCS has kick-started the earning season, what do you make of this quarter that has gone by? We did have some headwinds coming by. There was a heatwave, elections and so lots were happening in this quarter. Give us a generic view and also your specific view on what IT companies are expected to do and how their numbers are expected to look given TCS has come out with a stellar set of numbers. Vinit Bolinjkar: TCS and Tata Elxsi numbers are slightly lower than those reported in the previous quarters, but the growth trajectory that both the companies have guided for is resoundingly strong and the pipeline also seems to be improving and getting better.

«The CJI bench was convinced of the fact that paper has been leaked...They want to determine to what extent the paper has been leaked. They have asked for the timeline related to; when is the paper prepared? Which committee prepared it? How is a paper prepared in two sets? How is paper circulated to centres? They wanted to see the chain of custody of the paper to determine the time of the paper leak,» Pandey said. «The court wants to determine whether it (paper leak) was a systematic failure or whether it happened due to the malpractices of some individuals,» he added.

Tyler Perry’s Young Dylan" will return for Season 5 on Nickelodeon. The kids’ comedy series will begin production on July 8 at Tyler Perry Studios in Atlanta, Georgia, a Variety report said.

Rep. Virginia Foxx, R-N.C., says students will borrow more in the future, thinking taxpayers will pay it off on ‘The Evening Edit.’

Much of the growth was driven by a maintained uptick in services output, which grew by 0.3% in May, the same as in April. Markets welcome reduced political risk premium on UK assets after Labour win This broad trend was reflected widely in the ONS' report, which showed that real terms GDP increased by 0.9% in the three months to May 2024, compared with the three-month period to February 2024, a result of a growth of 1.1% in services output. The 0.9% figure marks the fastest growth since January 2022. Growth was «stronger than expected» in May, noted Quilter Investors' Lindsay Ja...

Yemen’s Houthi rebels likely fired an Iranian-made anti-ship cruise missile at a Norwegian-flagged tanker in the Red Sea in December, an assault that now provides a public, evidence-based link between the ongoing rebel campaign against shipping and Tehran