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nepotism in Indian politics, Prime Minister Narendra Modi during his Independence Day speech called for inducting fresh blood into the country's system of people with no familial background in politics. PM Modi gave a call to bring one lakh youth into the political system, specifically those with no history of politics in their families. Addressing India's 78th Independence Day speech, Modi said this initiative was aimed at fighting the evils of nepotism and casteism and inducting fresh blood into India's polity. Leader of Opposition and Congress member Rahul Gandhi, often a target of the Bharatiya Janata Party's criticism against nepotism in India's politics, was also in attendance at the event.

Reserve Bank of India's commentary and inflation forecasts may not provide visibility on when rates may fall but swap traders are betting on a 50 basis-point cut in local borrowing costs starting February 2025 as central banks globally start tilting towards a softer monetary policy. A basis point is a hundredth of a percentage point.

Siddhartha Khemka, Head-Retail Research, MOFSL, says there is very strong liquidity from the domestic flows – be it the DIIs, HNIs, retail investors and that is what we are also seeing in some of the IPOs that have come out. We would also see the appetite from the institutional side, both domestic and foreign, for the bulk of OFS or blogs that promoters or PE funds have sold. There is a humongous demand for some of these papers. That only shows that the appetite for the right quality of company and the right business is pretty strong in the market. Why are we seeing so much of strength? Everybody is saying valuations are expensive, valuations are stretched, do not invest, save, do not invest, sit on cash, but markets are not coming down. Siddhartha Khemka: If you look at the markets, yes, definitely a case of strong liquidity is supporting the sentiments and the indices as well. But what is also supporting so far has been the strong macros that have withstood the global headwinds and that continues to be the case which kind of makes a positive case going forward as well.

Narendra Modi will unfurl the national flag for the 11th consecutive time on Thursday, marking this year's Independence Day. He is expected to outline his government's agenda, present a progress report, make key policy announcements, and addresses pressing issues during his address from the Red Fort. Notably this will be Modi's first Independence Day address of his third term. He will surpass Manmohan Singh who unfurled the tricolour 10 times between 2004 and 2014, and behind Jawaharlal Nehru and Indira Gandhi, who did so 17 and 16 times respectively. The theme of 'Viksit Bharat' is expected to be a core focus of his address. There is also anticipation that the ongoing crisis in Bangladesh, particularly the targeting of minority Hindus, may be mentioned, given the strong stance taken by Hindutva groups who have rallied around the issue.

Julia is an experienced editor with a passion for covering a wide variety of beats. She loves all things politics and regularly covers regulatory updates on emerging technology here for Crypto News.

US stock market, chipmaker Nvidia gained over 6% Tuesday. As the market improved considerably after tanking, Nvidia shares soared and closed at $116.14. The price of the chipmaker stock has doubled in value since the beginning of the year. According to 'Invesopedia', Nvidia will report its earnings for the quarter on August 28. The market analyst and share market strategists expect an earnings-fueled post-market move could potentially mark «the technical low for the largest index weights and AI darlings,» ahead of a September rally.

Hulu's "Only Murders in the Building" is set to explore the mysterious death of Sazz Pataki. With the return of familiar faces and the introduction of new ones, the trio of Charles, Oliver and Mabel face new challenges as they investigate.

The price of XRP has risen by 1% in the past 24 hours, with its move to $0.5795 coming as the crypto market as a whole post a 3.5% return today.

Delhi Airport operated by the GMR group has become the first airport in India to successfully achieve Net Zero Carbon Emission Airport status Level 5 certification under the Airport Council International’s (ACI) Airport Carbon Accreditation (ACA) programme. This prestigious certification recognizes the airport's commitment to reaching and maintaining a net zero carbon balance for emissions under its control (Scope 1 and 2), while also extending efforts to influence and report on all other emissions (Scope 3). Delhi Airport's remarkable achievement of Level 5 certification underscores its leadership in sustainability and carbon management. The airport had initially set an ambitious goal to become a “Net Zero Carbon Emission Airport” by 2030. Through relentless efforts, innovative strategies, and proactive initiatives such as the adoption of renewable energy, development of green airport infrastructures, promotion of electric vehicles, and implementation of zero waste to landfill programs, DIAL has met its target well ahead of schedule.

Congress party’s guarantee schemes to make them more targeted and eliminate the creamy layer. The state government may consider the demand after taking up a survey across the state to hear the feedback from beneficiaries, according to sources. Two senior ministers had talks with the AICC leaders in Delhi on Tuesday and argued for the need for tweaking some of the programmes, while conveying similar sentiments from the ruling party MLAs. They urged the AICC leadership to discuss with chief minister Siddaramaiah and deputy CM DK Shivakumar and align the programme to access only the low-income group families. The concerns of some MLAs stem from the fact that the availability of funds to take up development work in their constituencies has become scarce as the government has committed upwards of Rs 52,000 crore to fund the five guarantee programmes in the fiscal year 2024-25.

Maine utility regulators have unanimously rejected an electric utility’s proposal to proactively report high consumption that signals an illicit marijuana growing operation to law enforcement officials

Bahnsen Group managing partner David Bahnsen analyzes the Feds plan to reduce inflation on Varney & Co.

financial incentives for development of critical minerals, including lithium. Speaking during the Budget Seminar on National Critical Minerals Mission, Mines Joint Secretary Veena Kumari Dermal said there will also be an emphasis on securing loans from multilateral financial institutions for the development of the sector. The government, she said, will focus on global R&D collaboration across the critical minerals value chain. To encourage the participation of Indian public and private sector companies in the acquisition of assets abroad, the government will provide targeted subsidies for mining, and for setting up evacuation infrastructure.

LONDON—As Britain’s oil and gas giants scale back their global green-energy ambitions, the U.K.’s newly elected government is launching a multibillion-dollar effort to regain the country’s place as a global pacesetter for clean energy. A new state-backed company, funded by increased taxes on oil and gas production, will invest in many renewable-energy projects around the country. Industry executives are split on whether the plan can meet the government’s ambitious goals.

Motilal Oswal has initiated coverage on Gravita India with a buy rating, and a target price of Rs 2,350, signalling a 30% upside potential, stating that the company is favored by strong industry tailwinds. “We believe that with strong industry tailwinds, favorable regulatory policies, the availability of additional hedging mechanisms, and the absence of significant supply chain disruption, Gravita can ramp up the utilization materially (driving ~30% sales volume CAGR over FY24-27E)," ,” said Motilal Oswal in its report.

Gujarat Fluorochemicals Ltd. with a target price of Rs 2,800. The current market price of Gujarat Fluorochemicals Ltd. is Rs 3272.3. Gujarat Fluorochemicals Ltd., incorporated in the year 2018, is a Mid Cap company (having a market cap of Rs 36751.42 Crore) operating in Chemicals sector.

EPL Ltd. with a target price of Rs 275.0. The current market price of EPL Ltd. is Rs 243.95 . EPL Ltd., incorporated in the year 1982, is a Mid Cap company (having a market cap of Rs 7762.40 Crore) operating in Packaging sector.

Mirae Asset Mutual Fund has launched Mirae Asset Nifty500 Multicap 50:25:25 ETF, an open-ended scheme replicating/tracking Nifty500 Multicap 50:25:25 Total Return Index. The new fund offer or NFO of the scheme is open for subscription and will close on August 26. The fund aims to generate returns that closely mirror the Nifty500 Multicap 50:25:25 Total Return Index. With this new fund, the fund house aims to provide investors with a diversified investment approach with balanced exposure across various market capitalizations.

Hindu family with no political affiliation in northwest Bangladesh, a media report said on Wednesday, in the latest incident of targeted attacks on the minority community after the fall of the Sheikh Hasina-led government. The incident in Farabari Mandirpara village in Akcha union under Thakurgaon Sadar upazila took place on Tuesday evening, hours after Chief Advisor to the interim government Yunus Muhammad assured the distressed minority community that his government would punish the perpetrators. The targeted arson incident also came on the same day when the Bangladesh National Hindu Grand Alliance claimed that the minority community faced attacks and threats in 278 locations across 48 districts since the fall of the Sheikh Hasina-led government on August 5 and termed it as an «assault on the Hindu religion.» Unidentified individuals set fire to Kaleshwar Barman's house around 7:30 pm on Tuesday in Farabari Mandirpara village in Akcha union under Thakurgaon Sadar upazila, Subrata Kumar Barman, chairman of Akcha Union Parishad (UP), told newspaper The Daily Star.

DOMS Industries Ltd. with a target price of Rs 2620. The current market price of DOMS Industries Ltd. is Rs 2274.25 . DOMS Industries Ltd., incorporated in the year 2006, is a Small Cap company (having a market cap of Rs 13958.06 Crore) operating in Paper sector.

The largest contribution to the headline inflation figure came from gas and electricity prices, as they fell less than they did a year ago, while the largest contribution came from restaurants and hotels, where prices fell. Economists polled by Reuters had expected a headline inflation rise to 2.3%. Core inflation fell from 3.5% in June to 3.3% in July, alongside services inflation which dropped sharply to 5.2% from 5.7% the previous month.  Jeremy Batstone-Carr, European strategist at Raymond James Investment Services, noted that the recent uptick in inflation was «mechanistic» as it...