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Last updated on 18 Jul,2024 09:19 PM
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Refresh- Jamnagar celebrates Anant and Radhika’s arrival with traditional fanfareRadhika and Anant Ambani were warmly welcomed in Jamnagar as they began their married life. The city celebrated with traditional customs and an outpouring of love from family, friends, and well-wishers. The couple expressed gratitude for the support and look forward to their new chapter together.
- Karnataka jobs reservation for Kannadigas: India Inc says move 'discriminatory', calls for it to be junkedThe Karnataka cabinet approved a bill mandating 50% reservation for locals in management jobs and 75% in non-management jobs in the private sector, along with 100% reservation for locals in "C&D" grade government jobs. Industry leaders, including Mohandas Pai and Kiran Mazumdar-Shaw, criticized the bill as discriminatory and potentially harmful to the tech industry.
- Anant Ambani and Radhika Merchant's wedding illuminated by the presence of esteemed spiritual leadersAnant Ambani and Radhika Merchant’s opulent wedding at the Jio World Centre featured blessings from spiritual leaders including Baba Ramdev, Swami Chidanand Saraswati, Jagadguru Rambhadracharya, Sri Sri Ravi Shankar, Avimukteshwaranand, Swami Sadananda Saraswati, Rameshbhai Oza, Vishal Rakesh Ji Goswami, Gaur Gopal Das, and Gauranga Das Prabhu, showcasing reverence for Indian traditions and holistic health.
- Nita Ambani and NMACC present, 'Dashavatar' an audiovisual experienceNita Ambani presents 'Dashavatar,' a cultural experience showcasing the ten incarnations of Lord Vishnu at the Nita Mukesh Ambani Cultural Centre. The event celebrates India's art, culture, and heritage through various artistic disciplines in Mumbai.
- Sudha Murty's simple attire shines at Ambani wedding, netizens praise ‘billionaire lady in mangal sutra’Mrs. Murty recently received praise from netizens for her modest attire at the wedding of Anant Ambani and Radhika Merchant. She opted for an understated look, wearing a simple printed purple saree, and accessorized with only a mangal sutra and a wristwatch.
- Kalki 2898 AD OTT release: When and where to watch Prabhas-Deepika starrer. Check details'Kalki 2898 AD,' directed by Nag Ashwin, features Prabhas, Deepika Padukone, Amitabh Bachchan, and Kamal Haasan. Streaming from early September on Prime Video (regional) and Netflix (Hindi). Released June 27, it surpassed Rs 1,000 crore globally. Kamal Haasan celebrated this milestone and teased a sequel.
- Starting up in the US: An entrepreneur's path to the Green CardThe United States offers vast opportunities for Indian entrepreneurs. Many start with the L-1A visa for quick entry, then transition to the EB-5 visa for permanent residency. This pathway allows entrepreneurs to leverage the U.S. market and financial infrastructure, contributing significantly to innovation and economic growth.
- Want to learn how to trade options from scratch? Join 2-day workshopThe two-day event, scheduled for 20th and 22nd July starting at 11 am, will teach traders how to maximize profits and minimize risks using options. Led by Saketh R, Founder of QuickAlpha and a full-time options trader, the session will cover the basics of options trading and the best use cases for F&O for individuals.
- Mutual Funds sell RVNL, buy two other rail stocks in June ahead of BudgetMotilal Oswal sold 64.81 lakh shares in RVNL, according to a note from Nuvama Institutional Equities. The stock is gaining attention with just a week until the Union Budget 2024. It has delivered multibagger returns of 421% over the past 12 months and an impressive 242% return so far in 2024.
- Vikings: Valhalla Season 4 - Creator reveals why the series has been cancelledThe third season of "Vikings: Valhalla" has concluded on Netflix, bringing the epic saga to an end. Despite the show's popularity, Season 4 has been shelved.
- Modern alternative fixed income investments: Tracing the evolution of invoice financing across time and economiesEvolving from Mesopotamian credit practices to modern fintech, invoice financing aids businesses by selling unpaid invoices. Italian bankers and altGraaf shaped its development. Products including altWings, altPack, altSmart, altArmour, and altBlu cater to varied investors. With Trade Credit Insurance and high-yield opportunities, it prioritizes diversification and security in investment.
- Operational lapses led to Kanchanjunga Express accident, finds probeThe Commissioner of Railway Safety's report on the Kanchanjunga Express accident highlights systemic lapses in train operations, citing inadequate counselling for loco pilots and station masters, and mismanagement of signals. The report underscores the urgent need for the Automatic Train-protection system (KAVACH) and improved signalling reliability to prevent future incidents.
- Despite filing ITR successfully tax refund may not be credited into your bank account due to this issueIncome tax refund: No refund of income tax is given in case your name in the PAN and bank account is not the same. Even if there is a slight mismatch in the name, the tax department may stop the tax payment. Read below to know what are your options and how to get tax refund in such cases.
- Karnataka Job Reservation Bill for Kannadigas explained: Who is eligible? How will it affect the companies?Karnataka Job Reservation: The Karnataka bill reserves jobs for locals, impacting companies like Google and Intel. Announced by Siddaramaiah, it faces Nasscom's backlash. Enforced by a Nodal Agency, violations fine ₹10,000–₹25,000, with daily fines for persistent breaches. Companies must train or seek exemptions, retaining 25% management, 50% non-management roles. Includes 100% C&D grade reservations and local candidate criteria. Compliance by Assistant Labour Commissioner.
- Axis Bank executive consumes poison after harassment, alleges colleagues called her 'Bandariya' and 'Divorcee' in suicide noteShivani Gupta, a 27-year-old executive at Axis Bank's Noida Sector 128 branch, died by suicide at her home in Ghaziabad on July 12 after receiving a termination notice. In a note, she alleged continuous harassment by colleagues, including derogatory remarks like "divorcee" and "bandariya (monkey)." An FIR has been filed against six colleagues.
- HDFC Defence Mutual Fund doubles money in just 9 monthsHDFC Defence Fund, the only active mutual fund focused on the defense sector, has doubled investors' money in just nine months, delivering a return of 102.26% during this period. The scheme yielded approximately a 38.87% return in the last three months and about 55.16% in the last six months
- Hyderabad court asks Singapore Airlines to pay Rs 4.65 lakh for ruining a family holidayThe Hyderabad Consumer Forum has ordered Singapore Airlines to pay Rs 4.65 lakh for failing to check a family's Covid-19 vaccination certificates, causing them to be detained at Changi Airport. The family, from Banjara Hills, faced multiple issues, including flight cancellations and delayed luggage, prompting legal action. Despite the airline's defense, the forum ruled in favor of the complainant, citing negligence in service.
- Dubai princess Sheikha Mahra dumps husband on Instagram: 'I divorce. I divorce, and I divorce'Emirati princess Sheikha Mahra bint Mohammed bin Rashid Al Maktoum announces divorce from her husband Sheikh Mana bin Mohammed bin Rashid bin Mana Al Maktoum on Instagram due to infidelity. The couple had a lavish wedding in 2023 and welcomed a daughter in 2024.
- Mazagon, Garden Reach Shipbuilders lead race for Defence Ministry's ₹70,000 crore warships orderDefence ministry's ₹70,000 crore approval for Project 17B warships boosts MDL's Kalvari class submarines, Project 15B destroyers, and GRSE's patrol vessels and exports. MDL and GRSE, constructing Nilgiri class under Project 17A, will split the order for quicker delivery. Stealth frigates feature Brahmos missiles, anti-submarine weapons, and indigenous electronic warfare systems.
- Indian banks have 'special plans' for offering higher deposit ratesIndian banks are increasing deposit rates, with offerings ranging from 6.90% to 7.30% for various durations. This comes after the RBI's directive to narrow the gap between deposit and credit growth. Banks aim to attract more retail deposits by providing higher interest rates amidst expectations of a changing rate cycle.
- Mumbai's first underground metro to begin running from July 24: Key detailsThe 33.5 km line will run from Aarey Colony to Cuffe Parade and will have 27 stops. The new line is set to transform urban transit in Mumbai, making travel easier across the city's streets and cutting down traffic congestion, the post further said.
- Extension of ITR filing deadline? 11 glitches on e-filing portal; difficulty in logging in, e-verification, discrepancy in formsITR filing last date: The deadline for filing income tax returns (ITR) is fast approaching: July 31, 2024. The e-filing ITR portal is currently experiencing 11 glitches, including difficulties with logging in and e-verification and discrepancies in pre-filled data in ITR forms.
- Get ITR filed without sharing password: IT dept allows CA to file ITR on your behalf without e-filing ITR log-in credentialsITR filed by CA without password sharing: There is a way you can file ITR without sharing your e-filing ITR password with a chartered accountant (CA). This option is called e-Return Intermediaries (ERIs) and Cleartax, Tax2Win, EY, etc are all authorised as ERIs and thus can help you file ITR without sharing the e-filing portal password.
- Chandrababu Naidu again seeks financial package for Andhra Pradesh ahead of BudgetBudget 2024: Naidu, a key ally in the BJP-led National Democratic Alliance (NDA) government, met Home Minister Amit Shah on Tuesday evening. He is slated to meet other Union ministers on Wednesday. At his meeting with Shah, Naidu raised the issue of his state's fiscal condition. Naidu apprised Shah that he will be releasing a white paper on this on Thursday -- his government's fourth since assuming power last month.
- Air India passenger arrested at Delhi Airport after refusing in-flight food during 5-hour flightAn Air India passenger was arrested at Delhi's Indira Gandhi International Airport for smuggling gold worth ₹69 lakh. His suspicious behavior, including refusing all refreshments during flight AI 992 from Jeddah to Delhi, alerted authorities. Security personnel discovered over ₹69 lakh worth of gold concealed in his body. The passenger admitted to smuggling and faces charges under the Customs Act. This incident has prompted increased vigilance among cabin crew on long flights.
- Hyderabad IT company CEO abducted, his passport, 84 laptops stolen. Eight employees arrestedEight individuals arrested for abducting CEO over unpaid salaries in Hyderabad. Police recover stolen items and rescue victim. Former employees file complaint for salary arrears. Founder's financial difficulties led to the incident, said the CEO's mother. Police investigating multiple criminal activities related to the case.
- Muharram bank holiday July 2024: Banks in these states are closed todayMuharram bank holiday July 2024: Banks in select states will be closed today, Wednesday, July 17, 2024, in observance of Muharram, which marks the first month of the Islamic calendar and is recognized as one of the four sacred months of the year.
- Dead Boy Detectives season 2 on Netflix cancelled? Check latest renewal statusNetflix's "Dead Boy Detectives" received fairly positive responses but will it be enough for a second season.
- 8th Pay Commission latest update: Will Budget 2024 announce 8th Pay Commission for the central govt employees, pensioners?Budget 2024 8th Pay Commission latest update: Ahead of Budget 2024, employee unions have reiterated demands for the 8th Pay Commission. The Confederation of Central Govt Employees and Workers urged the government to form the Eight Pay Commission for revising pay, pensions, and allowances of the central government employees and pensioners. This follows similar calls by the National Council (Staff Side) of the JCM. The 8th Pay Commission is typically due in 2026, but no official announcement has been made.
- Bengaluru second airport: Minister drops big hint about possible locationKarnataka infrastructure minister MB Patil said that the proposed second airport in Bengaluru must be within 50 to 60 kilometers of the city. The Kempegowda International Airport (KIA) is expected to reach full capacity by 2035. Identified potential sites for new Bengaluru airport include Mysuru Road, Kanakapura Road, Kunigal Road, Doddaballapur Road, and areas near Koratagere, Madhugiri, and Dobbaspet, according to reports.
- States may allow home delivery of liquor through quick commerce platforms like Swiggy, BigBasket, and ZomatoDeliveries were allowed temporarily during the Covid-19 lockdowns in Maharashtra, Jharkhand, Chhattisgarh and Assam with restrictions. However, now legitimate deliveries of alcobev are not allowed in these states, even though a few local online platforms continue to deliver, especially in Maharashtra.
- Budget 2024: 56% of ET readers want income tax cuts to be a weakened BJP-govt's Budget taskBudget 2024: ET Online conducted a survey ahead of the Budget to gauge public expectations, receiving input from nearly 9,500 Economic Times readers. Results showed over 56% prioritize income tax reduction, reflecting concerns over economic stability following the BJP's diminished mandate. Addressing the job crisis was a priority for over 37%, while only 4% favored cash transfers to farmers and 2% suggested increased Railway funding.
- UK Labour government likely to go tough on Tata Steel Wales job lossesThe new UK Labour government is pressuring Tata Steel to safeguard local jobs at its Port Talbot plant before approving a $635 million lifeline for a low-carbon facility. The transition to an electric arc furnace may result in job cuts and financial challenges for the company.
- Modi govt may finally realise Rs 29,000 cr from divestment of this bank following RBI green signalThe Reserve Bank of India has reportedly given its 'fit and proper' approval on bidders for IDBI Bank ahead of the Union Budget 2024, except one foreign participant, putting the ball squarely in Modi government's court. The Modi government's ambitious privatization plans, including IDBI Bank, have seen limited progress due to the upcoming general elections. The upcoming budget is expected to provide key insights.
- Asian Paints Q1 Results: Cons PAT drops 24% YoY to Rs 1,170 crore; misses estimatesAsian Paints Q1 Results: The paint manufacturer experienced a 2.3% decrease in consolidated revenue from operations for Q1FY25, reaching Rs 8,943 crore, compared to Rs 9,154 crore in the same quarter of the previous year. Standalone net sales also saw a decline of 2.9%, amounting to Rs 7,853 crore. Profitability was also impacted, with the company's consolidated PBDIT falling by 20.2% to Rs 1,694 crore from Rs 2,121 crore in the previous year. This decline resulted in a PBDIT margin of 18.9%, down from 23.2% in the corresponding quarter of the last financial year.
- Mankind Pharma competes with EQT-ADIA combo for Rs 14,000 cr buyout of BSV Group from AdventThe buyout of BSV Group (formerly Bharat Serum & Vaccines Ltd) is contested by Mankind Pharma and EQT with ADIA, each offering around Rs 14,000 crore ($1.6 billion). This acquisition, one of India's largest pharma buyouts, will significantly impact the domestic market and mark a successful exit for Advent International.
- Take KYC seriously: RBI’s clear message to fintechsRBI has directed fintech startups to adhere strictly to KYC guidelines, over many meetings with industry stakeholders over the past few months. In one of the meetings, top executives of digital lending startups sought some relaxations around KYC requirements, but the RBI remained steadfast in its position, sources told us.
- America is worried Russia is sharing Ukraine lessons with ChinaThe US is concerned about Russia potentially sharing knowledge of American and European weapons with China, leading to vulnerabilities in US weapons systems. A bipartisan committee urges the Biden administration to assess this issue, as China and Russia have strengthened defense ties and conducted joint military exercises. Reports suggest China may be developing attack drones for Russia, raising further concerns about their support for Russia's war effort.
- James Anderson returns to England team again in new role against West Indies after retirementJames Anderson, after retiring from Test cricket as the third-highest wicket-taker, has been appointed as England's bowling mentor for the remaining two matches against the West Indies. Anderson concluded his career with 704 wickets. England won the first Test by an innings and 114 runs, with Anderson and debutant Gus Atkinson playing crucial roles.
- Is the stock market closed today for Muharram?Stock Market Holiday: Stock markets will be closed on July 17 for Muharram. BSE and MCX to observe the holiday.
- Modi’s new budget shouldn’t break the bank amid Naidu, Nitish's demandsUnion Budget 2024: Indian Prime Minister Narendra Modi, despite losing seats in the recent general election, secured a third term. His alliance partners are now seeking significant federal funding for regional development projects, challenging Modi's fiscal conservatism. India's inclusion in global bond indices may ease borrowing costs but also demands greater transparency and fiscal responsibility to maintain economic stability.
- 25,000 applicants turn up for Rs 25k AI Airport Services maintenance job; stampede-like situation narrowly avertedAfter seeing the overwhelming turnout, fearing chaos, the recruiters finally had to tell job seekers to leave their resumes and go home. The recruiters assured the applicants that all resumes would be reviewed and eligible candidates would be contacted for further steps.
- Trump shooting: The counter-sniper's response raises eyebrowsThomas Crooks attempted to assassinate former President Donald Trump from a rooftop 130 yards away during a Pennsylvania rally at the Butler Farm Show grounds. Secret Service snipers neutralized the threat despite timing questions raised by Alexander Pochuev. Local police alerts to agents were ambiguous, as confirmed by Anthony Guglielmi. False claims on social media about sniper orders were debunked. Visual blocks may have delayed sniper action, as explained by Jason Lawless. Snipers assessed Crooks prior to shooting, despite ignored eyewitness reports of a suspicious man. The southernmost sniper team reoriented northward, and sources like New York Post and RT reported on the ongoing investigation into these events.
- PV Subramanyam calls Sebi’s move to start new asset class fantasticPV Subramanyam supports SEBI’s new asset class for Rs 10-15 lakhs investors, bridging mutual funds and Rs 50 lakhs PMS. It allows long-short strategies, SIPs, derivatives, and index funds, attracting HNI market, young professionals, and small PMS managers.
- Looking to switch citizenship? Try Vanuatu. It's fast & cheapCitizenship-by-Investment programs like in Vanuatu are attracting Indians seeking quick and inexpensive passport switches to avoid tax scrutiny and protect offshore wealth. Vanuatu's program offers visa-free access to many countries, making it popular among NRIs looking to escape the Indian tax net.
- Bill Gates’s startup has now invented world’s 1st ‘dairy-free butter’! Billionaire assures that it tastes ‘like the real thing’In his personal blog, the Microsoft founder hinted at the secret technology behind this scientific breakthrough. He revealed that the butter was created using a combination of carbon dioxide, hydrogen, and oxygen chains. In an interview with The Guardian, he claimed that it tastes "like the real thing."
- UK announces second ballot for India Young Professional Scheme 2024The UK Home Office has revealed details for the final ballot of 2024 under the India Young Professional Scheme, offering young Indian nationals the opportunity to live, work, and study in the UK. Eligibility criteria and application process are outlined for interested applicants.
- Taiwan firms shift supply chains to India from China: Trade body chiefTaiwanese firms are relocating supply chains from China to India as economic ties strengthen amid global trade tensions. Taiwan's FDI in India surged to over $665 million from 2018-2023, driven by U.S.-China trade conflicts. Key projects include a semiconductor facility with Tata Group, boosting India's manufacturing efforts and bilateral trade.
- No takers for 18 lakh jobs in financial services sector in India: FBSB India CEOIndia is grappling with unemployability in the financial services sector, with nearly 18 lakh jobs not filled last year. GIFT City in Gandhinagar, which employs nearly 6,000 people, is expected to generate nearly 1.5 lakh jobs in the next five years. FPSB India CEO Krishan Mishra said that banks, insurance companies, brokerage houses, and mutual fund companies need trained professionals, and that there are about 40 times as many jobs as the number of Certified Financial Planner (CFP) professionals available.
- 14 equity mutual funds offer over 50% return in nine months. Have you invested in any?Several equity mutual funds have shown impressive returns in the last nine months, with over 14 funds offering more than 50% return. Quant Value Fund topped the list with 63.81% return. Investors should carefully assess their risk appetite and investment goals before making decisions.
