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QXO Inc., a company that had boasted an implied valuation of more than $90 billion at one point last week, burned some investors badly late Monday when its thinly-traded shares spiraled sharply downwards.

States' Share of Taxes and Duties (21%)The largest portion of the budget is allocated to states, funding crucial projects in infrastructure, health, and education.Interest Payments (19%)A significant 19% of the budget is dedicated to servicing national debt. This commitment underscores the importance of maintaining financial stability and ensuring that past borrowings do not hinder future fiscal plans.Central Sector Scheme (16%)Central sector schemes, excluding capital outlay on defense and subsidies, receive 16% of the budget.Defence (8%)8% of the budget is allocated to defense.

UPSC training institutes in Old Rajinder Nagar, touted as India’s IAS hub. Shreya Yadav from Uttar Pradesh, Tanya Soni from Telangana, and Navin Dalwin from Kerala passed away after the basement of the building housing the coaching center was flooded following heavy rain. Consequently, the Municipal Corporation of Delhi (MCD) sealed the basements of 13 coaching centers in Old Rajinder Nagar for violating norms, underscoring the urgent need for stringent supervision of India’s burgeoning coaching industry.

Hindustan Zinc received a demand of Rs 1,170 crore inclusive of tax and interest from the Income Tax Department for AY21, it said in a stock exchange intimation on Tuesday.

Shares of Sobha Ltd.(up 2.11 per cent), Phoenix Mills Ltd.(up 1.96 per cent), Oberoi Realty Ltd.(up 1.86 per cent), Godrej Properties Ltd.(up 1.64 per cent) and DLF Ltd.(up 1.14 per cent) ended the day as top gainers in the pack.

SpaceX is in talks with U.S. and Australian officials to land and recover one of its Starship rockets off Australia's coast, a possible first step toward a bigger presence for Elon Musk's company in the region as the two countries bolster security ties, according to three people familiar with the plans.

A Chinese automotive glass maker says the company is not the target of a federal investigation that temporarily shut down production last week at its Ohio factory

MUMBAI : Shortly after the Union finance minister Nirmala Sitharaman presented the budget 2024 on 23 July, executives of a foreign investors-backed asset management company rushed to New Delhi to seek clarification on a key issue: Can foreigners invest in India through a mutual fund-like structure with zero tax? The answer is yes as long as the money is not directly invested in equities. The Union Budget 2024-25 proposed that “retail schemes and exchange-traded funds (ETFs) set up in Gujarat International Finance Tec-City, or GIFT City, will now enjoy tax exemptions along similar lines as available to specified funds". "Now retail funds in GIFT will get the same tax benefit like category III Alternative Investment Funds (AIFs)," said Suresh Swamy, partner, Price Waterhouse & Co.

Towards the end of 1901, Guglielmo Marconi set out to conduct an ambitious experiment. At the time, it was believed that since electromagnetic waves (like light) travelled in straight lines, radio waves could not be used to transmit messages across large distances—much like how even the most powerful telescope could not catch visual signals from places located beyond the earth’s horizon.

Manu Bhaker's father, Ramkrishna Bhaker expressed his feelings as her daughter made history on Tuesday when she became the first Indian to win two medals at the same Olympics.

mutual funds have filed draft documents with Sebi to launch sectoral and passive funds. Kotak Mutual Fund and Invesco Mutual Fund have filed for sectoral/thematic funds while Aditya Birla Sun Life Mutual Fund has filed for debt-based passive funds.

Vedanta Ltd. traded 1.48 per cent up at Rs 441.8 at around 01:04PM (IST) on Tuesday. The stock had closed at Rs 448.45 in the previous session. Equity benchmark Sensex traded 304.29 points higher at 81660.13 around the same time.

military funding to the Philippines, US Secretary of State Antony Blinken said Tuesday, as Washington boosts ties with Manila in the face of China's growing assertiveness.

Shree Cements Ltd. slipped 0.27 per cent to Rs 27165.0 in Tuesday's trade. It hit a high of Rs 27333.15 and low of Rs 26950.1 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 26571.28, while the 50-DMA was at Rs 26953.7. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Manu Bhaker made history by becoming the first Indian player to win two Olympic medals in one single Olympic event. She won a bronze in the 10m air pistol shooting as well as another bronze in mixed 10 m air pistol shooting at the 2024 Summer Olympics in Paris. The 22-year-old secured a bronze in the 10m air pistol competition at the Chateauroux Range, marking a significant achievement as the first Indian woman to earn a medal in shooting at the Olympics.

Ruloans has achieved a business volume of Rs 37,500 crore in FY24, marking a 40% growth compared to that of FY23. This business growth was driven by demand rising across all loan categories, including home loans, business loans, personal loans, and loans against property.

Suzlon Energy were locked in a 5% upper circuit at its new all-time high in Tuesday’s session at Rs 68.25 after rallying 23% since its Q1 results were announced earlier in the last week. The company had reported a stellar growth of 200% year-on-year (YoY) in its consolidated net profit for the quarter ended June 2024 at Rs 302 crore while its revenue from operations in the reported quarter stood at Rs 2,016 crore versus Rs 1,348 crore reported in the year-ago period, an uptick of 50%.

Aditya Birla Sun Life Mutual Fund has filed a draft document with Sebi for a new defence fund, becoming the third fund house to offer a passive fund focused on the defence sector. The draft is for the Nifty India Defence Index Fund.

United Spirits Ltd. slipped 0.03 per cent to Rs 1420.05 in Tuesday's trade. It hit a high of Rs 1429.8 and low of Rs 1405.75 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 1148.76, while the 50-DMA was at Rs 1272.99. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Union Government has come under fire from the opposition after two people were killed after several coaches of the Howrah-CSMT Express derailed near Chakradharpur in Jharkhand.