Wellness Financial News

Imported items sourced from local suppliers and royalties, technical charges paid out of India as well as supply of repackaged or refurbished goods will be excluded from the calculation of local content, an official said. These changes are included in the modified public procurement norms with an objective of giving maximum preference to companies that use higher levels of local content in their products. The government prefers made in India goods in their purchases, which run into lakhs of crores of rupees every year. Major preference in government purchases is given to companies whose goods and services have 50 per cent or more local content, a move aimed at promoting 'Make in India' and making the country self-reliant.

“The utilization has improved and is perhaps at a reasonable high. Every time we have said that we have improved quarter-on-quarter, but right now it is safe to say that it is where we would like it to be. There are other factors such as improvement in fixed price productivity, optimization of our overheads, and inducting freshers into the workforce that help in improving the pyramid,” said Aparna Iyer, CFO, Wipro. Edited excerpts: ET Now: Walk us through the various tailwinds and the various headwinds that have been at play when you arrived at your margins this time.

G Kishan Reddy on Saturday launched the National District Mineral Foundation (DMF) portal, a centralised platform to gather information on the District Mineral Foundations across the country. The portal provides details of 645 DMFs in the country with enhanced transparency, featuring centralised visibility of activities, project oversight, and dynamic analytics, as well as a repository of best practices for effective implementation, an official release said. Reddy also launched the Mineral Exploration Hackathon focused on innovative mineral hunt techniques. The hackathon is aimed at promoting use of emerging technologies like Artificial Intelligence (AI) and Machine Learning (ML) for geophysical data, integration of multiple mineral exploration data sets such as baseline data, available exploration data, etc, to identify new mineral targets, particularly for deep seated/concealed ore bodies.

petrochemicals industry and boost the sector's growth. The minister was speaking after launching the 13th edition of the India Chem 2024 event to be held in October this year in Mumbai. «The Prime Minister desires that we have to become a USD 5 trillion economy. If we have to become a 5 trillion economy, we have to align our programmes or policies accordingly, to see to it that this petrochemical industry chemical industry also goes in the same way and aligns itself, so that we all together contribute to that USD 5 trillion economy,» Nadda said. The minister mentioned that industry representatives have talked about the challenges faced by the chemicals and petrochemicals industry and also offered various suggestions to address those issues.

Salty: I remember seeing this utterly delicious video on Instagram where soaked dates were ground to a paste and mixed into soft salted butter, slathered on a thick toasted slice of sourdough. If you are a sweet-salty fan, this would be food nirvana. Whisk in some date puree with soy sauce, vinegar, sesame seeds, black pepper (or chilli flakes) and a touch of toasted sesame oil for the perfect Asian dressing, where date steps in the place of honey.

technology outage caused thousands of flights worldwide to be canceled or delayed, the ripple effect from the disruption left airports crowded with passengers and airlines working to get planes and crews back in position. «These flights, they run so tightly, so back to back, that even after a root cause is addressed, you can still be feeling those impacts throughout the day,» said Pete Buttigieg, the transportation secretary, in an appearance on CNBC.

Surendra Singh Ahluwalia was acquitted in a 37-year-old corruption case by special judge Anil Antil on July 12, reported TOI. «Delay by any stakeholder or cog in the dispensation of the criminal justice system, be it by the investigating agency or by the unscrupulous devices adopted by the accused, not only causes miscarriage of justice, but the delay also becomes an instrument of inflicting a fatal blow on the efforts of justice dispensation,» said Justice Antil. The Central Bureau of Investigation (CBI) in 1987 filed an FIR against Ahluwalia, who was at the time the chief secretary of Nagaland and three others — V Bhaskaran, manager of Bank of Baroda, Coimbatore, Inderjit Singh, Ahluwalia’s brother and Bank of Baroda manager in Kohima, and Nyamo Lotha for fraud, destruction of evidence, corruption and other crimes.

Donald Trump said Friday he had spoken by telephone with Ukraine leader Volodymyr Zelensky, and pledged to end the European country's war with Russia. «I appreciate President Zelensky for reaching out because I, as your next President of the United States, will bring peace to the world and end the war that has cost so many lives and devastated countless innocent families,» Trump said in a post on his Truth Social platform. «Both sides will be able to come together and negotiate a deal that ends the violence and paves a path forward to prosperity.»

Barron Trump, the youngest son of former US President Donald Trump has not attended any of the other political gatherings. His absence during the party’s national convention has raised questions pertaining to his presence in his father’s election campaign. Donald Trump’s speech at the national convention on Thursday was attended by all his family members which included his wife Melania Trump, four children and their partner. His fifth child Barron Trump was not to be seen in Milwaukee. Earlier, his first public appearance during the Florida rally was welcomed by the Republicans and he received a loud round of applause from Trump’s supporters.

After a tumultuous week for broker-dealers facing higher yields on client cash, one securities analyst on Friday said that higher interest rates on clients’ cash held in advisory accounts may cost LPL Financial Holdings Inc. as much as $380 million, shaving off $3.80 per share on the company’s earnings in the future.

The average rate on a 30-year mortgage dropped this week to a four-month low, a welcome decline in borrowing costs for prospective homebuyers grappling with the challenge of record-high home prices and a dearth of properties on the market

American Express said Friday second-quarter profits jumped 39% as the credit card company benefitted again from a broad increase in cardmember spending as well as more of its customers carrying a balance

The U.S. government says $325 million in federal funds will be available for solar and battery storage installations across Puerto Rico as the U.S. territory struggles with chronic power outages

Arunachal Pradesh government on Friday tabled a Bill in the Assembly to curb irregularities and the use of unfair means in various public examinations in the state. The Arunachal Pradesh Public Examination (Measures to Prevent Unfair Means in Recruitment) Bill, 2024 has strict provisions for punishment like imprisonment and penalties, debarring of candidates from appearing in recruitment examinations as well as attachment and confiscation of property. The Bill has a provision for special courts for the speedy trial of such offences.

StockGro, discussed the budget and its impact on common man with Ishaan Agarwal, Sandeep Yadav of NIT Allahabad and Devika Deevasan of IIT Madras. Read on to know how he decoded the budget for Young India. Q. Everyone thinks that the budget is all about taxes. How does it affect the common man?Ajay Lakhotia: Unlike the myth that the common man doesn’t get affected by budget, it actually really does affect a common man.

Atishi on Friday demanded Rs 10,000 crore from the Centre for infrastructure development, claiming the city government got nothing in return over the past year despite its income tax contribution of Rs 2 lakh crore. Delhi also provided Rs 25,000 crore as central GST to the pool of taxes, the minister said during a press conference here. Ahead of the presentation of the Centre's annual budget, Atishi batted for release of more money to Delhi, saying it could be spent on infrastructure development in road, transport and power sectors as well as to beautify the city. Asserting that people of Delhi are the highest income tax payers, the minister said, «Delhi should get Rs 10,000 crore from the Rs 2.07 lakh crores that people of the city pay as income tax. This amount of Rs 10,000 crore is just 0.25 per cent of the Central government's budget and only 5 per cent of the income tax of Delhiites.»

banks whether their customer-facing channels- branches, ATM, mobile banking and net banking — were operating well after technical problem at the US tech giant Microsoft and its vendor American cyber security company Crowdstrike, led to a global tech outage. The banking regulator has made similar enquiries with payment aggregators, they added. The banking regulator has asked banks and payment aggregators to update them on the impact of the outage. Most banks and payment companies told ET that their services were not affected. Speaking to a wire agency, Dinesh Khara indicated that their systems were not affected. «We are all fine,” he told the wire agency.

Mint. Sheth can afford to say that. He has the distinction of scaling two unicorns—Elance (renamed as Upwork), and Gupshup—across two different geographies.

work-related stress and poor work-life balance, as per a report by digital healthcare platform MediBuddy and CII. The report, which was released on Friday, also highlighted that a massive number of job seekers consider employee wellness programmes crucial in their decision-making process. The report 'Mapping India's Corporate Health and Wellness Landscape' emphasised the importance of customised wellness programmes based on employee demographics and personalised prevention strategies. As per the report, 71 per cent of employees spend an average of 5 per cent of their annual income on out-of-pocket healthcare expenses.

«Gross taxes last year were much more stronger than was envisaged in the interim budget. They actually grew at a very healthy pace of 13.5%. So, even if you make conservative assumptions for this year, the government is likely to have more tax revenues than was envisaged back in February and then of course the RBI dividend that the government got was more than double of what had been budgeted back then,» says Sajjid Chinoy, India Chief Economist, JPMorgan. I understand that you have been part of certain meetings also with the finance minister, etc, and the ministry. Talk to me about what are the big focus areas and what they are talking or concerned about right now. Sajjid Chinoy: I think there are two issues to look for in next week's budget. The first is to look closer at the fiscal math and here the government enters next week's budget with significantly increased degrees of fiscal freedom. And what do I mean by that? If you look at compare next week's budget with one in February, I think the government over kind of delivered on fiscal consolidation last year, the budget deficit for last year was 5.8%, the actual number was 5.6 and the target for this year was set at 5.1.

BEIJING — Top Chinese officials on Friday emphasized the country would focus on its own affairs in the face of rising trade tensions.