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16.07 / 05:41
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Colgate-Palmolive
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Share price of Colgate-Palmolive jumps as Sensex gains 190.11 points
Colgate-Palmolive (India) Ltd. gained 0.47 per cent to Rs 3114.55 at 10:40AM (IST) in Tuesday's trade. The scrip has hit a high of Rs 3142.2 and low of Rs 3080.25 so far during the session. The stock had closed at Rs 3099.75 in the previous session. The counter has had a total traded volume of 6274 shares so far with a value of Rs 1.95 crore on the NSE. It traded at a price-to-earnings multiple of 64.12 and a price-to-book ratio of 27.81.
16.07 / 02:49
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J-K: Officer among four soldiers killed in Doda encounter
officer, who were critically injured in a gunfight with heavily-armed terrorists, succumbed to injuries in Doda district of Jammu and Kashmir early Tuesday, official sources said. The encounter took place when the troops of Rashtriya Rifles and Special Operations Group of J&K Police launched a joint cordon and search operation at Dhari Gote Urarbagi in Desa forest belt, some 55 km from Doda town, late Monday evening, the officials said.
15.07 / 21:32
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Jurassic in Los Angeles! Earth's only green-boned dinosaur is here
dinosaur has been mounted for display at Los Angeles' Natural History Museum. The newly found species is older than Tyrannosaurus rex, as per a Fox News report. The species is known as "Gnatalie" and it lived 150 million years ago in the late Jurassic Era. The dinosaur's fossils, remarkable for their distinct and vibrant hues, owe their unique coloration to the presence of the mineral celadonite. During the fossilization process, this mineral infiltrated the bones, replacing the original organic material and imparting its characteristic greenish tint.
15.07 / 20:23
UPS
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Cycling
No final bids from ARCs for IDBI's Stressed Assets Stabilisation Fund assets
IDBI Bank's Stressed Assets Stabilisation Fund (SASF), which was looking to recover 11.59% from the sale of non-performing loans worth ₹6,151 crore, has hit a roadblock. Despite receiving 18 expressions of interest from asset reconstruction companies (ARCs) in the initial bidding round, the final round failed to secure any confirmed bids. Following the lack of interest, the reserve price for the auction has been reduced to ₹642 crore. The lender has launched another process on July 12. The deadline for submitting EOIs is July 16. The sale will be 100% cash-based, with EY running the process as the advisor.
15.07 / 20:11
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How did black slave make sour-mash Jack Daniel whiskey for which US is known today?
Nathan Nearest Green was hired by Jack Daniel's Distillery as its first master distiller in 1866. Its sour-mash whiskey is still the top-selling whiskey and most globally recognized spirit made in the US. Green's descendants have been working at the distillery for more than 150 years. The whiskey is unique in its taste and texture and some experts believe that it is so due to the technique known in western Africa. Charles K. Cowdery, author of the book «Bourbon, Straight: The Uncut and Unfiltered Story of American Whiskey,» has described in detail the journey from a slave boy to the maker of one of the finest whiskey in the country.
15.07 / 19:51
markets
Citi
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US rate cuts can spur inflows into Indian debt: Citi Exec
JP Morgan bond index, but a senior Citi executive said that number may be topped as the US Federal Reserve is likely to start cutting rates soon, turning Indian debt into a favourite within the emerging markets (EM) pack. «The last US inflation reading was softer than what the market expected, so we actually think that the Fed might commence with the rate cut cycle from September and could maybe do three rate cuts this year itself,» Aditya Bagree, head, markets, Citi-India & Indian subcontinent, told ET. «What generally does happen with US rate cuts is that EM bond funds attract more investment. As investments increase in EM bond funds, a part of that — almost 10% — will now get allocated to India. So, this $2 billion number can increase because of that,» he said.
15.07 / 19:31
Football
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FIFA
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International
Will Gareth Southgate continue as England manager? Here's what he hinted on this
Gareth Southgate continuing with the team is still persistent. England went down to Spain in a fierce contest in the Euro 2024 finals that has now begun to raise questions on Southgate's tactics not bringing the necessary result of bringing England a long-awaited trophy in the international circuit.
15.07 / 18:58
MET
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Farmer groups demanding law on MSP guarantee defer 'Dilli Chalo' call
Supreme Court verdict on the blockades erected by the Haryana government on Punjab-Haryana borders, even as they plan to intensify the stir. Samyukt Kisan Morcha (Non Political) and Kisan Mazdoor Sangharsh Morcha, the two organisations which have been leading the protests since February, said they have decided to postpone their "Dilli Chalo" call for the time being. The Punjab and Haryana High Court had directed the Haryana administration to remove blockades on Punjab-Haryana borders. However, the administration has now approached the Supreme Court against the high court order. The representatives of the two farmer organisations met at Shambhu border on Monday and decided to wait for the Supreme Court order.
15.07 / 18:49
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Department
DoT yet to seek payment for 5G spectrum sold in June auction
DoT) has yet to issue demand notes to telecom firms seeking payment for spectrum that they won in the latest auction that concluded three weeks ago. The department is waiting for the finance ministry's clearance to issue the demand notes, officials said. According to them, finance ministry officials are probably busy preparing the budget for its presentation on July 23. «We have communicated the results to them (the finance ministry). Once we get a revert, we will instantly issue the demand to telcos,» an official said.
15.07 / 18:38
markets
Google
Platform
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Gartner
Commercial messaging market set to reach $3.2 bn by 2028: Gartner report
commercial messaging market is expected to more than double to $3.2 billion by 2028 from $1.3 billion in 2023, with global advanced messaging channels such as Google's RCS (rich communication services) and Meta's WhatsApp Business intensifying their competition for a bigger share of this growing market. WhatsApp currently has a head start over Google's RCS with some enterprises saying they have deployed a majority of their messaging on that platform. However, both are set to reach a combined market of $1.6 billion and capture 50% of value share of India's commercial messaging market, according to research firm Gartner. While basic messaging channels in India such as SMS are set to grow at an annual rate of 12% through 2028, advanced channels such as RCS and WhatsApp will grow at 58% at the fastest pace for any country globally, Gartner said. «Globally, while basic messaging is set to grow at a modest 4.2%, advanced messaging is scaling in double digits at 34.4%,» said Pankil Sheth, industry research analyst at Gartner.
15.07 / 18:31
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Thackeray was betrayed, it was wrong to break Shiv Sena: Jyotirmath Shankaracharya
Jyotirmath Shankaracharya Avimukteshwaranand visited Uddhav Thackeray at the latter's residence on Monday and took on BJP and Shiv Sena (Shinde), claiming that Thackeray was betrayed and that it was wrong to break Shiv Sena. «In our religion we believe in good deeds and sin… Betrayal is the biggest sin… Uddhav Thackeray has been betrayed and a lot of people are pained due to it. Today I came here on his request, I told him that we are all pained that you have been betrayed and that till you don't become the chief minister of the state again, this pain will not go away,» said Avimukteshwaranand after meeting Thackeray. On the BJP and Shiv Sena's allegations that Thackeray had abandoned Hindutva, the Shankarcharya said, «Whose Hindutva is real has to be seen, but those who betray cannot be Hindus.
15.07 / 17:52
CEO
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Working on investment to support workers who would lose jobs at UK unit: Tata's N Chandrasekaran
Tata Steel is working with the UK government and unions to ensure an adequate level of investment for supporting skill development of workers who would be impacted due to the modernisation of its Port Talbot plant, according to the company's chairman N Chandrasekaran. As part of its decarbonisation plan, Tata Steel is shifting to a low-emission electric arc furnace (EAF) process from an ageing blast furnace at Port Talbot mill, resulting in job losses of around 2,500 people. Addressing the 117th Annual General Meeting of Tata Steel on Monday, Chandrasekaran said that the company recognises that this transformation is difficult from an execution perspective and also difficult for some of the employees who will not have a future with Tata Steel, especially in the UK. «The company is working with the government and with the unions to make sure that we do sufficient level of investment to be able to support them in their skill development so they can have a better future.
15.07 / 17:51
COST
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recommendations
Karnataka govt decides to implement recommendations of 7th Pay Commission
The Chief Minister is expected to make an announcement regarding the pay hike to more than seven lakh state government employees in the Legislative Assembly on Tuesday, the sources said. The 7th Pay Commission, headed by former chief secretary K Sudhakar Rao, has recommended a 27.5 percent hike on basic salary of government employees. This is expected to cost the government exchequer an additional Rs 17,440.15 crore annually.
15.07 / 17:30
MET
Progressive
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Uttarakhand CM seeks Centre's nod for 21 new hydro electricity power projects of 2123 MW
Uttarakhand's total capacity for hydro electricity generation is being utilised at present, Chief Minister Pushkar Singh Dhami on Monday sought the clearance of 21 new hydel power projects with a capacity of 2123 MW for the state from the Centre. The request was made by the chief minister at a meeting with Union Minister of Power Manohar Lal Khattar when the latter met him at his official residence here. Khattar is on a visit to the state to review the progress of Tehri Hydro Power Complex and various urban development projects in the state. Expert committees have recommended the implementation of 21 new hydel power projects with a capacity of 2123 MW to be built on the Alaknanda and Bhagirathi rivers and their tributaries, the chief minister said.
15.07 / 14:01
DOW
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US stocks open higher as investors weigh second Trump term
Donald Trump winning a second term after surviving an assassination attempt, while hopes for Federal Reserve rate cuts further boosted sentiment. The Dow Jones Industrial Average rose 137.50 points, or 0.34%, at the open to 40,138.40.
15.07 / 13:57
Provident
Maxim
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consequences
information
Department
Navigating ITR Penalties: What you need to know for FY 2023-24?
income tax returns (ITR) for FY 2023-24. This article aims to guide taxpayers through the intricacies of the process, highlighting crucial deadlines, potential penalties, and other pertinent considerations based on information from the official Income Tax Department regulations.
15.07 / 13:52
Citi
Provident
Platform
Mobile
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social
information
Customers
Axis Bank completes migration of Citibank customers to its systems
Axis Bank which has completed migration of Citibank customers to its systems on Monday faced glitches during the process. Several erstwhile Citi customers took to social media to complaint that they were unable to access their accounts on the Axis platform while a few others said they were unable to login to the Axis app despite spending hours to complete the registration. “Extremely poor support for Citi card holders migrated to Axis bank, not able to login to Axis bank by the ID provided, neither Citibank website login available,” one user Sandeep Sansanwal complained on microblogging site X (formerly Twitter). Another user named Ayan Samdar posted on X, “thanking for ruining the Citibank experience. Posting this 47 mins into hold for customer care. Internet banking doesn’t work. Wrong details migrated. Where is the redressal?.”
15.07 / 13:47
markets
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Strategy
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Bank of Maharashtra to raise Rs 5,000 crore in equity to pare govt stake
Bank of Maharashtra is planning to raise Rs 5,000 crore in equity this year as part of a two-year strategy to pare the government stake to 75% to conform to the market regulation. The bank said it needs to raise a total of Rs 6,700 crore at current price to bring down the promoter holding below the threshold level.
15.07 / 13:40
security
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country
Courts
Rangers
Anti-terrorism court indicts ex-Pakistan foreign minister Shah Mahmood Qureshi in May 9 violence case
anti-terrorism court here on Monday charged top Pakistan Tehreek-e-Insaf leader and former foreign minister Shah Mahmood Qureshi in a case involving the burning down of a police station during the May 9 violence last year. Qureshi, 68, who was brought to Kot Lakhpat jail here from Adiala jail in Rawalpindi under tight security, has several cases related to May 9 violence, including arson, filed against him at the Shadman police station. The court had summoned Qureshi to initiate indictment proceedings against him and ordered the prosecution to present witnesses in the next hearing scheduled for July 22. Qureshi, who was produced before ATC Judge Khalid Arshad, however, denied the charges.
15.07 / 13:39
BAY
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reports
Department
IMD forecasts heavy rainfall in Odisha till July 19 due to low pressure over Bay of Bengal
Odisha is bracing for prolonged rainfall in the next four days due to a low pressure area over the Bay of Bengal, the India Meteorological Department (IMD) said on Monday. While one low pressure area was formed, another is likely to follow on July 19, the IMD said. According to the weather agency, heavy to very heavy rainfall (7 to 20cm) may take place at one or two places in Koraput, Malkangiri, Nabarangpur and Rayagada on July 15 due to a low-pressure zone northwest of the west-central Bay of Bengal, off the South Odisha coast. Additionally, areas like Nuapada, Kalahandi, Kandhamal, Ganjam, Gajapati, and Balangir may experience heavy rainfall (7 to 11cm), accompanied by thunderstorms and lightning in some places across north interior Odisha, Sonepur, Boudh, and coastal regions.
15.07 / 13:37
Citi
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Death
President
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Videos
How close was Donald Trump to death? This video says it all
assassination of former US President Donald Trump who is the presumptive presidential nominee of the Republican Party on Saturday. One such video which has been shared by Collin Rugg on X (formerly Twitter) shows how Trump was saved by a whisker. It is often that split second that makes the differences between life and death and it appeared to be the same in the case of Trump. What may have saved Trump’s life is a policy that he often espouses at all meetings and for which he was heavily criticized during his first term.
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