MHADA

Maharashtra Revises Development Rules To Promote MHADA Reconstruction

The Ministry of Urban Development of Maharashtra has amended the Unified Development Control and Promotion Regulations (Unified DCPR) to allow the construction of 5% comfortable space in land parcels larger than 20,000 square meters and increase MHADA (Maharashtra Housing and Area Development Authority) Floor Space Index (FSI)) redevelopment projects and provided additional FSI for commercial business districts (CBD).

OPEC

Mcovid Recovers, OPEC Supply Increase May Help India

Fuel customer may get some respite from rising gasoline and diesel prices, because as the oil cartel OPEC reached an agreement to increase production to meet growing demand, the global oil situation is expected to slow in the next few days. The rise in Covid cases worldwide has made the oil market uncertain because it has the potential to quickly erode demand.

RBI

Asset Quality, Other Factors Hindering The Transmission Of Currency To Bank Interest Rates: Announcement From The Reserve Bank Of India

The Reserve Bank of India (RBI) stated that although the transmission of deposit and loan interest rates has improved significantly recently, several factors continue to hinder the effective transmission of currency to these bank interest rates. The RBI announcement in July 2021 pointed out that the central bank has repeatedly tried to improve the effectiveness of currency transmission by improving the process of setting bank interest rates.

GST

Only The Deposit Earned From Reselling Second-Hand Jewellery Is Required To Pay GST, Which Is Stipulated By Tax Authorities

Aadhya Gold Private Ltd, headquartered in Bangalore, submitted an application to the Authority for Advance Ruling (AAR), hoping to clarify whether the purchase of second-hand gold jewelry will only pay goods and services tax based on the difference between the sales price and the purchase price.

Kanwar Yatra

Covid-19: Delhi Cancels Kanwar Yatra DDMA Issues Notice

Delhi, Uttar Pradesh, Uttarakhand and Rajasthan, cancelled the annual pilgrimage for fear of a third wave of Covid-19. Yatra is also unlikely to be held in Bihar and Jharkhand. The Kanwar Yatra will not be held in Delhi this year because the Delhi Disaster Management Authority (DDMA) issued a notice on Sunday to cancel the annual pilgrimage for fear that it will lead to a possible third wave of the coronavirus pandemic.

Amazon

Walmart's Flipkart Says India Investigation Should Not Be Treated Like Amazon

Walmart's Flipkart should not be treated in the similar way as rival Amazon in an antitrust investigation in India because the evidence against the two companies is “different in quality”. Amazon as well as Flipkart have challenged the Competition Commission of India (CCI) in court to seek to revoke the Indian court's June decision to allow them to conduct antitrust investigations.

Petrol

OMC Suspends Gasoline And Diesel Price Increases On Sunday

The Oil marketing companies (OMC) suspended the button on Sunday due to rising gasoline and diesel prices. In the capital, the price of gasoline was 101.84 rupees per liter, while the price of diesel remained unchanged at 89.87 rupees per liter. On Saturday, the price of gasoline rose by 30 paisa, while the price of diesel remained unchanged.

Bank

The Bank Will Be Closed For Five Consecutive Days Starting On July 17

Due to regional or national holidays and weekends, some state banks will be closed for five days starting today (July 17). According to the holiday calendar of the Reserve Bank of India, banking employees in some states can enjoy up to 15 days of holiday in July, including a 5-day holiday beginning on July 17. In Dehradun, bank employees also enjoyed a holiday (Friday) on the occasion of Harela Puja on July 16th.

Vaccination

Covid-19 In Delhi: About 87,000 People Were Vaccinated On July 16

The vaccination bulletin issued by the Delhi government stated that the city has received more than 9.2 million doses of vaccine since the vaccination campaign began on January 16. On Friday, about 87,000 people in Delhi were vaccinated against the coronavirus, with less than a day's stock of vaccines available. According to official data, the city.

HDFC Bank

HDFC Bank's Net Profit Increased By 16% To Rs 7,729 Crore

HDFC Bank reported that the net profit for the quarter ended June 2021 was lower than expected, at 7729.6 billion rupees, an increase of 16.1% over the same period last year.The bank's net profit for the same period last year was 66.58 billion rupees, and its net profit for the quarter ended March 2021 was 8,186 billion rupees.

Sarojini Nagar

Delhi's Sarojini Nagar Export Market Closed For Violation Of Covid Regulations

It turned out that the export market of Sarojini Nagar was extremely crowded, severely violated Covid-19 regulations, and did not maintain social distancing. While several instructions were issued from time to time to ensure that Covid acted appropriately, the market association still failed to with these instructions, so it has decided to close the Sarojini Nagar export market from July 18 until the order is placed.

Google Mobile Data

Google Mobile Data May Affect Covid Spread

Google community data shows that after the second wave of pandemic, the movement of people in most states has become diversified overall, thereby relaxing restrictions. Several studies, including a study by the Indian Council of Medical Research (ICMR), found that the third wave may hit India at the end of August. But a deeper study of the Covid data suggests that the third wave may have already hit India.

Relaince - Justdial

Reliance Retail Will Obtain A 66.95% Stake In Just Dial For Rs 3,497 Crore

Reliance Retail, the merchandise arm of Reliance Industries Limited (RIL), will acquire a 66.95% majority stake in B2B search engine JustDial. After this transaction, Reliance Retail should be classified as a promoter of JustDial. According to the agreement reached between the two companies, VSS Mani will continue to lead Just Dial as managing director and chief executive officer.

HDFC Bank

HDFC AMC Q1 Net Profit Increased By 14% To 345.45 Rupees; Asset Management Scale Increased By 17%

HDFC Asset Management Company (AMC) reported on Friday that after-tax profit for the quarter ended June 30 increased by more than 14% to 3,45.45 billion rupees. The asset management company announced a profit after tax (PAT) of 302.36 crores. In the last fiscal quarter, HDFC AMC stated in the regulatory documents submitted to the stock exchange.

IPO

Zomato IPO Gained 38 Times Oversubscription On Friday

According to stock exchange data, Zomato's bid was 2,751.25 million shares, while the quotation was 71.92 million shares. This IPO is India's largest IPO since March 2020. Institutional investors who avoided talking during the first two days of the IPO repeatedly bid more than the number of shares reserved for them.

Solar Energy

India Will Play A Leading Role In The Field Of Renewable Energy: Piyush Goyal

Union Minister Piyush Goyal said on Friday that India will play a leading role in the field of renewable energy in the next few years. In his speech at the second "Aatmanirbhar Bharat-Self-Reliance for Renewable Energy manufacturing" farewell meeting, he said that starting from the initial stage of hydropower, we are already looking to the future and beginning to get involved in hydrogen technology.

GST

The Government Issued 75,000 Crore To The States As Gst Compensation

The Ministry of Finance today issued 75,000 crore to the states as well as Union Territories and legislatures under the back-to-back loan mechanism in lieu of GST compensation. This release is a supplement to the normal GST compensation, which will be issued every 2 months from the actual cess collection,” the ministry said in a statement.

Export

India’s Exports Increased By 48.34% To US$32.5 Billion; The June Trade Deficit Was US$9.37 Billion

According to data released by the Ministry of Commerce on Thursday, India’s exports increased by 48.34% to US$32.5 billion due to healthy growth in shipments of petroleum products, gems and ornament, as well as chemicals, leather and marine products. Imports in June also increased by 98.31% to 41.87 billion U.S. dollars.

Gold

Gold Prices Rose By 177 Rupees, Silver Rose By 83 Rupees In Delhi

According to data from HDFC Securities, with the rise in global precious metal prices, the price of gold rose by 177 rupees on Thursday to 47,443 rupees per 10 grams. In previous transactions, precious metals closed at 47,266 rupees per 10 grams. Silver also rose by 83 rupees to 68,277 rupees per kilogram from 68,194 rupees per kilo in the previous transaction.

Whatsapp

2 Million Indian Whatsapp Accounts Banned From May 2021 To June 2021

WhatsApp released its first monthly report in India on Thursday. The report complies with the Indian government’s new I-T rules, which require technology companies operating in India to issue a monthly report in addition to appointing an appeal officer in the country. In its report, the messaging app owned by Facebook revealed that it banned a total of 2 million WhatsApp accounts in India between May 15, 2021 and June 15, 2021.

Life Insurance

The Second Wave May Wipe Out The Covid Clauses Of Life Insurance Companies

Due to the intensity of the second wave of pandemics, many life insurance companies used up their Covid-19 claim reserves for FY22 in the first quarter. Although insurance companies cannot modify prices immediately, they have become cautious about accepting new proposals. They are now insisting on medical testing of recommendations, and these recommendations will be accepted earlier on the basis of remote consultations.

Stock Market

8. In The Three-Day Market Rebound, Investors’ Wealth Exceeded Rs 22.2 Crore

In the three-day market rebound, investors' wealth increased by Rs 2,276,325 crore, and the benchmark sensex closed at a record high on Thursday. At the close, the 30-share BSE index rose 254.80 points, or 0.48%, to 53,158.85, which was a historical closing high. During the day, the benchmark index also reached an all-time high of 53,266.12 points.

Petrol

Gasoline And Diesel Prices Rise Again

On Thursday, gasoline prices rose by 35 paisa and diesel prices rose by 15 paisa, pushing national prices to new highs. According to the price notification from the state-owned fuel retailer, the price of gasoline in Delhi is now Rs 101.54 per liter and Rs 89.87 per liter for diesel. Increased after interest rates remained silent for three days.

Investment

The Government May Extend The Investment Promotion Plan

An official stated that the government may extend the 2017-20 investment promotion plan to attract investors and promote the country's economic growth. The official added that the Expenditure Finance Committee under the Ministry of Finance has approved the proposal to extend the plan, and it is expected that the Ministry of Industry and Commerce will soon seek approval from the Cabinet.

Monetary Policy

Normalization Of Monetary Policy May Begin At The End Of Financial Year 2022

As interest rates continue to remain at an unprecedentedly low level, the Reserve Bank of India may begin to tighten monetary policy, and the gradual normalization of policy may begin at the end of the current fiscal year. Although retail inflation fell month-on-month in June, it remained above the 6% threshold for the second consecutive month. Consumer price index inflation slowed slightly to 6.26%.

Relative Allowance

Rajasthan Will Increase The Relative Allowance For Government Employees From 17% To 28% From July 1st

The Rajasthan Government has decided to increase the pension allowance for Rajasthan Government employees and pensioners from 17% to 28%. The pension rate will take effect from July 1, 2021. Chief Minister Ashok Gehlot said on Wednesday that despite the difficulties faced by Covid-19, the state government will spend about Rs 40 crore each year to support this decision by employees.

Tata Tigor

The XPRES-T Sedan Based On Tata Tigor EV Is Launched With A Cruising Range Of 213 Kilometers

Tata Motors launched a new brand called "XPRES" for fleet customers on Wednesday. Under this brand, the company will meet the specific needs of the fleet in terms of safety, passenger comfort and low cost of ownership. All vehicles in the fleet department will be equipped with the newly designed XPRES badge, which will distinguish them from other models.

Retail

Retail Inflation Remained At 6.26% In June

Official data released on Monday showed that the retail inflation rate in June was almost flat at 6.26%, compared with 6.3% last month. However, the inflation rate based on the Consumer Price Index (CPI) is still higher than the Reserve Bank pair for the second consecutive month. The government has authorized the Reserve Bank of India to keep the retail inflation rate at 4%, and the profit margin on both sides is 2%.

Blue Origin

U.S. Approves Bezos' Blue Origin Manned Space Travel Permit

Jeff Bezos’ Blue Origin has been approved by the Federal Aviation Administration (FAA) to launch a new Shepard rocket into space on July 20. The company was required to verify that the rocket's hardware and software operated safely during the test flight, and the FAA confirmed that it met regulatory requirements.

Solar Energy

Mukesh Ambani Considers Bidding For India's Solar Incentives In A Green Push

According to people familiar with the matter, the billionaire Mukesh Ambani’s Reliance Industries Ltd. is considering ordering for India’s incentives for solar manufacturing as the fossil fuel giant has begun to invest $10 billion in clean energy. Reliance, India's most valuable company, attended the meeting. People familiar with the matter said that a pre-bid meeting was held last month to discuss the subsidy plan.

BSNL

The Government Repaired 1% Of SUC For BSNL's Satellite-Based Services

The Ministry of communications has charged a 1% spectrum usage price for satellite-based services provided by the state-owned telecommunications company BSNL. Currently, public sector telecommunications companies provide satellite phone services to government organizations and shipping companies authorized by the Ministry of the Interior.

Kanwar Yatra

In View Of The COVID Pandemic, The Government Of Uttarakhand Cancelled Kanwar Yatra

In COVID-19 pandemic, the Uttarakhand government decided on Tuesday to cancel this year's Kanwar Yatra. Kanwar Yatra is a devotee of Lord Shiva who makes pilgrimage to the Hindu pilgrimage sites of Haridwar, Gaumukh and Gangotri in Uttarakhand and Sultanganj in Bihar to fetch the holy water of the Ganges every year. Later, holy water was distributed to Lord Shiva as offerings in the temple.

Zomato

Zomato Raised Rs 4,196 Crore From Anchor Investors Before The IPO

Food delivery platform Zomato said on Tuesday that it had raised more than Rs 41.96 crore from major investors before its first public subscription on Wednesday. According to a notice uploaded on the BSE website, the company has decided to allocate 552,173,505 shares to anchor investors at a price of 76 rupees per share, with a total transaction size of 4,196.51 crore rupees.

Adani

Adani Group Takes Over Management Control Of MIAL

This is after the approval of the Union Government and the Maharashtra State Government and the Maharashtra City and Industrial Development Corporation (CIDCO). Adani Airport Holdings Ltd. (AAHL), a wholly-owned subsidiary of Adani Enterprises Ltd., took over the management of GVK Group’s control of Mumbai International Airport Co. Ltd. (MIAL) on Tuesday.

LIC

The Government’s Goal Is To List LIC By The Fourth Quarter Of FY22: Secretary Of DIPAM

A senior official said on Tuesday that the center's goal is to list the state-owned insurance giant LIC before the last quarter of the current fiscal year and will soon appoint a commercial banker for the transaction. Tuhin Kanta Pandey, Secretary of the Department of Investment and Public Asset Management (DIPAM), told TOI: "We are looking at the fourth quarter. Several aspects of the IPO are making progress."

Social Media

Responsible Social Ecosystem": New Minister Ashwini Vaishnaw’s First Article On Koo’s

IT rules Ashwini Vaishnaw posted on Koo that the new IT rules will ensure that India’s social media ecosystem is safer and more accountable. The new Minister of Information and Technology Ashwini Vaishnaw made his debut on Koo on Sunday. His first post on the social media platform was about the recently introduced IT rules, which he said are "empowering."

Tata Motors

Tata Motors Launches Dark Versions Of Harrier, Altroz, And Nexon: A First Look

Tata Motors has launched dark versions of Altroz, Nexon, Nexon EV, and Harrier. The dark version of Tata Motors' "Forever Car Series" is essentially a special edition with black inside. Most of these dark version cars are top trims of the above models. In terms of mechanics, there are no changes in internal components and driving terrain.

Industrial

Industrial Production Increased By 29.3% In May

Official data on Monday showed that India’s industrial production increased by 29.3% in May. According to the Industrial Production Index (IIP) data post by the National Statistical Office (NSO), manufacturing output surged 34.5% in May 2021. Mining output climbed 23.3% in May, and power generation increased by 7.5%. Industrial Production Index contracted 33.4% in May 2020.

Janpath Market

Delhi Government Revokes Order To Close Janpath Market

The Delhi government reversed the order to close the Janpath market. SDM has issued a warning to the market association and warned store owners to strictly abide by the Covid-19 rules and agreements. On behalf of the SDM, an order regarding the rules has been issued to the SHO of Connaught Place and the district officials of NDMC.

Indian Tea

Indian Tea Consign May Drop By Nearly 15% In 2021

Due to the very low prices of tea in Kenya and Sri Lanka, Indian exports have been affected in the past two to three years. The average price of tea auctions in Kenya is less than US$2 per kilo, which is much lower than our average auction price," said Dinesh Bihani, Secretary of the Guwahati Tea Auction Buyers Association (GTABA)

Economic Recovery

Due To The Limited Economic Impact Of The Blockade, A Rapid Recovery Is Expected: Survey

A CII survey stated that the Indian economy is expected to recover rapidly from the effects of the second wave of COVID-19 because the blockade is mainly to restrict social gatherings and has little impact on economic activities. About 60% of the CEOs participating in the survey expect their company's sales recovery to be better than the first wave of pandemic.

School

Delhi Schools And Colleges Are Permitted To Reopen At 50% Capacity For Administrative Purposes-Students Are Not Allowed

According to the latest unlock, the Delhi government has also decided to reopen schools and universities. These educational institutions will be allowed to reopen with only administrative work and 50% capacity. This means that now only employees of the institution are allowed to go, and students will not be allowed.

 Auditoriums

Delhi Allows Auditoriums To Be Open

Taking into account the significant reduction in Covid-19 cases in the national capital, the Delhi Disaster Management Authority (DDMA) removed academic and training activities from the list of completely prohibited activities.

COVID-19

The Pharmaceutical Company Venus Remedies Declare Covid Protection Policy For Employees

The pharmaceutical company Venus Remedies announced on Saturday a Covid protection policy for its employees and their immediate family members. According to one company, according to this policy, if the designated family member of a permanent employee dies prematurely due to Covid-19, the company will pay him an amount equivalent to one month's total salary within the next 12 months.

Petrol

India's Fuel Demand Rebounded In June

As restrictions on curbing the spread of the pandemic have been relaxed, India’s fuel demand rebounded in June after falling to a nine-month low last month, helping economic activity and liquidity rebound. Fuel consumption increased by 1.5% to 16.33 million tons.

Sirisha Bandla

After Kalpana Chawla, Sirisha Bandla Is The Second Indian-Born Woman Who Will Fly Into Space.

The Virgin Space Ship Unity space shuttle will be launched today, which is an important feat for mankind. Although the rest of the world has reasons to celebrate the achievements of Virgin Galactic, one of the reasons in India is Sirisha Bandla. Bandera is rooted in Guntur in Andhra Pradesh. She will become the second woman born in India after Karpanachola to fly into space.

Sensex

Play With Caution To Unlock Themes: 7 Stocks Worth Starting Now

Obviously, the fading second wave brings hope to stock market investors who are tired of the new crown virus. The slow removal of local blockades by the state government is stimulating optimism. Keval Bhanushali, CEO of Marwadi Shares & Finance predicts: “As everyone is waiting to open up, fast-moving consumer goods, retail and other fields will recover significantly.”

Bill Gates

What Does Bill Gates Have On The Launch Of Steve Jobs And Itunes

As the two chief CEOs of the world's largest technology companies, their competition is notorious. Back in the 1980s and 1990s, Apple co-founder Steve Jobs and Microsoft co-founder Bill Gates did not really agree on many things. However, there is also admiration. Since Jobs passed away in 2011, Gates has often talked about this.

Covaxin

It May Be Decided Within 4-6 Weeks To Include Covaxin On The Emergency Use List: WHO

The World Health Organization may make a decision on the emergency use list (EUL) of Bharat Biotech's Covid-19 vaccine Covaxin in the next four to six weeks. According to PTI News Agency, Soumya Swaminathan, chief scientist of global health agencies, said in a webinar on Friday that WHO is reviewing Covaxin because its manufacturer, Bharat Biotech, is now uploading all of its data to the health agency’s portal.

Export

India Has Exported 4.75 Million Tons Of Sugar So Far This Year: AISTA

The trade agency AISTA said on Friday that in the 2020-21 marketing year ending in September, sugar factories have exported 4.75 million tons of sweeteners so far, with the largest export volume to Indonesia. The All India Sugar Trade Association (AISTA) stated in a statement that compared with the 6 million tons allocated by the Ministry of Food in January this year.

IPO

Paytm's President And Head Of Human Resources Resigned Before The IPO

It is understood that Paytm President Amit Nayyar and Chief Human Resources Officer Rohit Thakur have resigned. In recent months, several other executives have also published their own papers. In response to TOI’s inquiries, Paytm said in a statement: “As a company, we do not comment on personnel changes. We have built an incredible management team that includes some of the most well-known figures in the industry.

FEEDERAL BANK

The CEO Of Federal Bank Gets A 3-Year Extension

The Reserve Bank of India (RBI) approved the reappointment of Shyam Srinivasan as the managing director and chief executive officer of the Federal Bank on Friday for a three-year term, effective from September 23 this year to September 22, 2024. Srinivasan has been responsible for the Kerala-based bank as CEO since September 23, 2010, and has completed three terms. The Reserve Bank of India (RBI) approved the reappointment of Shyam Srinivasan as the managing director and chief executive office

Blackstone

Blackstone, India's Largest Office Building Owner, Wants To Rule The Warehouse. Need: Some Development Risks.

Blackstone is already India's largest warehousing company after IndoSpace. It accomplished all this in just one and a half years. Although it has reached deals with some of the most well-known domestic warehousing companies, if it wants to improve its ranking, it has no choice but to enter project development.

automaker

Forgetting And Returning: How Tata Motors' Automotive Business Was Reversed The Commonality Of Vehicles.

The goal of Tata Motors is to become more agile through the Alpha and Omega platforms. The idea is to maintain a rolling chassis common to different cars. Modularity reduces development time and costs because the company has fewer parts to manage. In addition, for each new model launched on the same platform, the amortized R&D cost of each vehicle has decreased exponentially.

UPSC

UPSC Will Recruit 363 Principals From The Delhi Ministry Of Education

The United Public Service Commission (UPSC) has invited applications to fill 363 vacancies in the post of principal of the Education Bureau of the Ministry of Education of the NCT Government of Delhi. The United Public Service Commission (UPSC) has invited applications to fill 363 vacancies in the post of principal of the Education Bureau of the Ministry of Education of the NCT Government of Delhi.

Gold

Gold Prices Fluctuate Throughout The Week Under Global Clues

Gold fell slightly by 29 rupees on Wednesday, trading at 46,903 rupees per 10 grams, reflecting the overnight drop in global precious metal prices. Gold prices fell by 451 rupees on Friday and traded at 46,844 rupees per 10 grams in the capital. On Thursday, the precious metal closed at 47,295 rupees after rising by 56 rupees or 0.12%.

 Miracle Park

Waste To Miracle Park Bag Earth Day Municipal Leadership Award

On Friday, the waste from the South Delhi Municipal Corporation went to Miracle Park and won the "Earth Day Network Municipal Leadership Award." The award was presented to Mayor Mukesh Surian at an event organized by the Municipal Center by the head of the India Office of the Earth Day Network. At the meeting, the mayor said that the Waste to Wonder Park of SDMC has become the most famous tourist attraction in the capital.

DIY

With Domestic Help To Recover, Sales Of DIY Products In India Have Returned To Pre-Pandemic Levels

Retailers and manufacturers say that sales growth of DIY products such as robotic vacuum cleaners and dishwashers has fallen from a substantial increase of 2-4 times in the first wave of Covid-19 last year. Sales of certain types of vacuum cleaners (such as portable vacuum cleaners, electric mops, clothes dryers) have returned to the days before the outbreak after reporting the best situation ever

Tokyo

PM Modi Will Interact With Athletes Going To Tokyo On July 13

Indian Prime Minister Narendra Modi will interact with Indian athletes participating in the Olympic Games on July 13, three days before the first group of athletes travel to Tokyo to participate in the Olympic Games. Due to the COVID-19 situation, the interaction will be held in a virtual way. Shri Narendra Modi will interact with Tokyo Olympic athletes to inspire them.

IPO

Zomato's IPO Will Begin On July 14

With the corona virus disease (Covid-19) pandemic hitting India last year, after states and the Union Territory (UT) initially banned dining in restaurants, hotels, and food stalls, demand for online food delivery services provided by aggregators such as Zomato Significant increase and so on.

Vaccination

India Is Expected To Inject 3-4 Million Doses Through Covax By August

Although the country’s cumulative vaccination coverage in the past 24 hours has exceeded 360 million, India is expected to receive 3 to 4 million doses of Pfizer and Moderna Covid-19 vaccines through Covax facilities by August. Covax, led by the GAVI Vaccine Alliance and the World Health Organization (WHO), may ship vaccines made in the United States to India as early as this month. "This is through a donation from Covax” the source said.

Indigo

Great Potential For A Further Revival Of Air Traffic: Indigo

Major airline IndiGo argues that India has great potential to further restore air traffic due to suppressed demand. In addition, the airline stated that this trend is supported by strong domestic tourism consumption, and the accelerated pace of vaccination work has further exacerbated this trend. In a conversation with IANS, the chief commercial officer of IndiGo.

ZINC

Strong Spot Demand, Zinc Futures Rise

In futures trading with strong spot demand, zinc prices rose 0.8% on Tuesday to 240.15 rupees per kilogram. On multiple commodity exchanges, the zinc contract for July delivery rose 1.90 rupees, or 0.8%, to 240.15 rupees per kilo 1,840 lots. Analysts said that after the positive demand from the consumer industry supported prices here, traders created new positions.

Van Mahotsav

Van Mahotsav: Min Hussain Plants Tree At Yamuna Bank

The Van Mahotsav programme is being organised by the Department of Forests and Wildlife, Delhi Government from June 26 to July 11, 2021. Ishwar Singh, Principal Chief Conservator of Forest, Nisheeth Saxena, Chief conservator of forest and other senior officials of the Forest Department were also present during the plantation drive.

SBI Savings Account Holders Can Get Less Than 1 Cheque Page Per Month For Free

The State Bank of India (SBI) only provides 0.83 free cheque pages to ordinary savings account holders each month for issuance, that is, less than one free cheque is issued every month. This is because SBI only provides 10 free checks to its regular savings account holders each fiscal year. If the person needs more than these in a year, he/she must pay for it. In contrast, HDFC Bank, ICICI Bank and Punjab National Bank provide 20 to 25 cheques for free each fiscal year.

DMRC

DMRC Launches Fastag/UPI-Based Cashless Parking Lot

Delhi Metro Railway Corporation Limited has launched a FASTag /UPI-based cashless parking facility at Kashmir Gate Metro Station, which can accommodate 55 four-wheelers and 174 two-wheelers. The facility was launched by Dr. Mangu Singh, managing director of DMRC, and senior officials from DMRC and the National Payment Corporation of India (NPCI) were present.

Domestic Air

With The Decline In Covid Cases, Domestic Air Passenger Traffic Resumed Its Growth Trajectory In June: Report

A report on Tuesday said that due to the decline in the number of Covid-19 cases in the country, domestic air passenger traffic resumed a growth trajectory in June. There were about 3 million passengers on local routes last month, compared with about 2 million in May. Credit The rating agency ICRA stated in its report that despite some recovery in June, demand pressures continue, mainly caused by the second wave of pandemics, and travel is limited to necessary travel.

HDFC Bank

NHB Fines HDFC Bank Of Rs. 475,000 For Technical Non-Compliance

The country’s largest mortgage lender said on Tuesday that the National Housing Bank (NHB) has imposed a fine of 475,000 rupees on the Housing Development Finance Corporation (HDFC) for failing to comply with certain regulations. HDFC stated in a regulatory document on Tuesday: “I would like to inform you that the NHB has imposed a fine of Rs 4,75,000 plus goods and services tax on the company on July 5, 2021 (Monday). The reason is that it is technically Non-compliance with NHB notices.".

GST

GST Revenue In June Was Less Than 1 Lakh Crore Rupees

As the second wave of the Covid pandemic and the resulting blockade hit businesses and the economy, the GST collection in June fell below Rs 1 billion for the first time in eight months. Official data released on Tuesday showed that the Goods and Services Tax (GST) levy was 92,849 crores, the lowest level in 10 months since August 2020, when it was 86,449 crores.

Rupee

Due To The Increase In Crude Oil Prices, The Exchange Rate Of The Rupee Against The U.S. Dollar Rose By 24 Paisa To 74.55

As the strong U.S. dollar and rising crude oil prices suppressed investor sentiment, the Indian rupee exchange rate against the U.S. dollar fell by 24 paise to close at 74.55 on Tuesday. In the inter-bank foreign exchange market, the opening price of the rupee was 74.28 per dollar. It hovered in the range of 74.25 to 74.62 during the day, and then closed at 74.55 against the U.S. dollar.

Dilip Kumar

Dilip Kumar Passed Away At The Age Of 98. The Funeral Will Be Held Today

Veteran actor Dilip Kumar has passed away at the age of 98. He left a film heritage spanning six years and brought some of the most enduring classics to Hindi films. Dilip Kumar’s funeral will be held later in the day, which was announced through his official Twitter account. "Buried at 5:00 this afternoon. At Juhu Qabrastan in Santacruz Mumbai," the tweet read.

Petrol

Today's Petrol Prices In Delhi And Kolkata Reach 100 Rupees Per Litre, A Record High

As the trend of rising fuel prices in India has no end in sight, petrol and diesel prices nationwide continue to rise. The state-owned oil company raised the price of fuel pumps again today. The recent interest rate hikes have pushed Delhi and Kolkata to surpass the 100 rupees per litre mark, while at the high end, cities like Mumbai have already surpassed the 106 rupees per litre line.

Sensex

Sensex Increases Over 100 Points In Early Trading; Beautifully Close To 15,850

The stock benchmark Sensex rose by more than 100 points in early trading on Wednesday, tracking the gains of index heavyweights HDFC twins and TCS Asia Paint. After starting to fall, the 30-share BSE index rose 119.36 points or 0.23% to 52,980.54 in initial trading. Similarly, the broader NSE Nifty rose 25.10 points, or 0.16%, to 15,843.

Char Dham Yatra

Char Dham Yatra Will Run A Special Train Covering "Char Dham Yatra" In September

This is going to be a 16-day tour, which will start from Safdarjung Railway Station in Delhi on September 18, 2021, covering Badrinath, Narsingha Temple, Rishikesh, Jagannath Puri, Konark Sun Temple, ChandraBhaga Beach, Rameshwaram, Dwarkadhis, Shiv Rajpur Beach and Bet Dwarka. In light of the decrease in coronavirus cases nationwide, Indian Railways It was decided to operate a special train covering multiple popular tourist destinations in September.

Jeff Bezos

Jeff Bezos Became The World's Richest Man With $203 Billion After Stepping Down As Amazon CEO

Even after stepping down as Amazon's CEO, Jeff Bezos still tops the Forbes global real-time billionaire list because he firmly grasped the number one position. According to the Bloomberg Billionaires Index, Bezos' net worth is estimated at 203 billion US dollars, and his wealth has soared since he first founded the company in 1994.

Zomato

Zomato Obtains Approval From Sebi For An IPO Of Rs 8,250 Crores

Food Supply Aggregator platform Zomato has received approval from the market regulator SEBI to raise Rs 8,250 crores through an initial share sale. According to the Draft Red Herring prospectus, the initial public offering (IPO) includes the issuance of new shares worth 7,500 crores and Info Edge (India) Ltd's offering for sale worth 750 crores.

Income Tax

The Income Tax Department Increase The Time Limit For Manual Submission Of Forms Related To Foreign Remittances

The income tax department on Monday extended the deadline for manual submission of forms related to foreign remittances to July 15. As the new I-T portal faced technical problems after its launch on June 7 and users complained about malfunctions, the department allowed the manual submission of the 15CA/15CB form (required for foreign remittances) to the bank before June 30.

Petrol

After Another Price Increase, The Petrol Price In Delhi Is Close To 100 Rupees

After raising rates again, the price of petrol in the capital on Monday approached the 100 rupees per litre mark. According to the price notice from the state-owned fuel retailer, the price of petrol increased by 35 paise per litre, while the price of diesel remained unchanged. In Delhi, petrol prices soared to 99.86 rupees per litre. The price of diesel remained unchanged at 89.36 rupees.

COVID-19

There Are 54 Covid Cases In The City

Delhi recorded 54 new Covid-19 cases and two other deaths on Monday, with a positive rate of 0.09%. According to data shared by the health department on Monday, 14,34,608 Covid-19 cases have been recorded in the capital since the beginning of the pandemic last year. So far, more than 14.08 million patients have recovered. According to the Health Bulletin, the new death toll brings the city’s death toll from the disease to 24,995.

Vaccination

Bihar Is About To Start Providing Door-To-Door Vaccinations For The Elderly And People Of Different Abilities

The Bihar government has decided to vaccinate the elderly and the disabled at home. Families who are bedridden or frail will soon be able to use the state helpline number to book vaccine doses. The facility, known as the Veterans Vaccine Express, has already started operation in Sri Krishna Puri, Patna, and an elderly woman received a dose of Covid-19 vaccine at home.

Wheat

FCI Has Purchased 2.34 Million Metric Tons Of Wheat

The Food Corporation of India is the highest central agency that purchases food at the lowest support price. It purchases grain directly from farmers and sends it to the state government to provide grain to beneficiaries. FCI purchased 2.34 million metric tons of wheat in the state at the lowest support price during the 2021-22 rabi marketing year, which is the highest ever wheat purchase in Rajasthan.

Dangue

So Far, There Have Been 36 Cases Of Dengue Fever In Delhi: SDMC

Data released by the South Delhi Municipal Corporation (SDMC) on Monday showed that at least 36 cases of dengue fever have been reported in the capital so far this year. According to the latest reports issued by all three municipal companies, at least 30,466 households have reported mosquito breeding this year and 2,689 prosecutions have been initiated.

Exam

CBSE Will Hold The 2021-22 Board Examination In 2 Groups

The Central Board for Secondary Education (CBSE) said on Monday that it will conduct two sets of committee examinations for students in grades 10 and 12 in the current academic conference 2021-22, one set between November and December, and the other set in 2022. Between October and April to prepare for any "unprecedented circumstances" that may arise next year due to the Covid-19 pandemic.

Cowin Platform

Cowin Platform Will Be Open Source: PM Modi

At the Cowin Global Conference, Prime Minister Narendra Modi told a global audience that since Cowin was used in India, it can be determined that the platform has been tested for speed and scale in the real world. Indian Prime Minister Narendra Modi (Narendra Modi) said on Monday that India’s covid-19 vaccination platform Cowin will be open source and its technology will be shared with all countries seeking to use it to fight the deadly pandemic.

Vaccination

The Government Has Set Up Two Other Coronavirus Vaccination Facilities In Hyderabad And Pune.

The government said on Sunday that it has set up two other vaccine testing facilities in Pune and Hyderabad. New laboratories for vaccine batch testing and quality control are in the process of getting ready as the Central Drug Laboratory (CDL) at the National Center for Cell Science (NCCS) in Pune and the National Institute of Animal Biotechnology (NIAB) in Hyderabad. These facilities are expected to test about 60 batches of vaccines each month.

TDS

Businesses Do Not Have To Deduct TDS For Stocks And Commodities Traded On Exchanges

To simplify doing business, the new guidelines instruct companies to purchase stocks or commodities that are traded through approved exchanges without deducting TDS from their transactions. The Central Direct Taxation Commission (CBDT) has implemented a regulation related to tax deduction at source (TDS), which applies to businesses with a turnover of more than Rs. 10 crores.

Trademark

IP Accelerator Program In India Has Launched By Amazon To Help Companies Protect Trademarks

E-commerce giant Amazon announced on Sunday that it has launched its IP Accelerator program in India to provide sellers (also brand owners) with the services of intellectual property experts and law firms. According to a statement, these sellers, including small and medium-sized sellers, can choose to cooperate with these intellectual property law firms to help protect trademarks, protect their brands, and resolve infringement issues on Amazon.in and Amazon websites worldwide.

flexible Fuel Vehicles

The Government May Issue Guidelines For "Flexible Fuel Vehicles" Before October

Automobile companies may soon be required to manufacture passenger cars and commercial vehicles with multiple fuel configurations, aimed at reducing the use of polluting fossil fuels and reducing harmful emissions. It is expected that the new guidelines for the use of flexible fuel vehicles (FFV) will be released in the third quarter of this year (FY22), which will specify the engine configuration and other changes required for the vehicle to comply with the required fuel mix changes.

Late Payment

New Regulations For Charging Interest On Overdue Time Deposits

The Reserve Bank of India (RBI) has revised the specification under which the bank’s unclaimed fixed deposit (TD) maturity income will attract the interest rate applicable to the savings account or the agreed interest rate of the maturing TD, at any of the two One shall be lowered. According to the current regulations, if the fixed deposit is due but the payment is not paid, the unclaimed amount by the bank will accrue interest at the interest rate applicable to the savings deposit.

COVID-19

India Has Recorded 39,796 New COVID-19 Cases And 723 Deaths

According to data from the Alliance, India added 39,796 Covid infections in a single day, bringing the total number of cases to 3,05,85,229, while the death toll climbed to 4,02,728, and the death toll increased by 723, the lowest level in 88 days. The MoH data was updated on Monday. The data updated at 8 am showed that the number of active cases further dropped to 4,82,071, accounting for 1.58% of the total number of infections, while the national Covid recovery rate has increased to 97.11%.

Amazon

Amazon, Tata Say Centre's E-Commerce Rules Will Hit Businesses

Four sources familiar with the discussions told Reuters that Amazon and Tata Group of India warned government officials on Saturday that plans to implement stricter regulations on online retailers will have a significant impact on their business models. At a meeting organized by the Ministry of Consumer Affairs and the government investment promotion agency Invest India, many executives expressed concern and confusion about the proposed rules.

Stadium

Delhi Allows The Stadium To Reopen Without Spectators From Monday

According to an order issued by the Delhi Disaster Management Authority (DDMA), the Delhi government has allowed the city’s stadiums and stadiums to reopen from Monday, but there are no spectators. In its order on Sunday, DDMA stated that when opening stadiums and stadiums, it will strictly abide by standard operating procedures and other government guidelines, and comply with Covid-related behaviours.

COVID-19

Attaining Magical Zero no. in Covid Cases in this City

The number of Covid-19 cases may be steadily declining, but with the mutation of the virus, it is unlikely that the magical zero number will be achieved in Delhi. Experts said and predict that the coronavirus will be reduced to an endemic epidemic in the future. The centre, Delhi Chief Minister Arvind Kejriwal, and his cabinet colleague Satyendar Jain said last year that people must learn to deal with the coronavirus and make preventive norms part of our lives.

Vaccination

Maharashtra Has Vaccinated with 7.85 L at Maha on Saturday

On Saturday, a record 785,000 people across Maharashtra were vaccinated with Covid-10, although the number of daily pandemic infections rose to 9,489 and the death toll jumped to 371. Maharashtra broke its previous record of 7,38,704 vaccinations on June 26, setting another record, vaccinating people across the state with as many as 5,311 doses of COVID-19 vaccine.

Restaurants

From July 5th, Restaurants May be Allowed to Open at 50% Capacity: Goa CM

Pramod Sawant, Goa's chief minister, said on Saturday that the Goa government is considering allowing restaurants to operate at 50% capacity as soon as possible. "We have announced that the salon may be open (from July 5). We are also considering a 50% reduction for (restaurants)," Sawant told reporters here, adding that the exact details are being worked out soon will be announced.

Blood Disease

Good News for Patients with "Blood Disease"!

For people with blood diseases such as sickle cell Anemia and thalassemia, the good news is that for the first time, a group of researchers used CRISPR-Cas9 technology to successfully edit the genes of patients with severe red blood cell congenital diseases. The advantage of this method is that it uses the patient's cells, or in other words, modifies the DNA of the patient's blood cells. Donors are not required. The research was printed in the New England Journal of Medicine.

Petrol

The MP Price of Diesel is 100 Rupees; The Latest State of Sikkim Sees 100 Rupees per Liter of Petrol

On Sunday, the price of diesel in some parts of Madhya Pradesh exceeded the 100 rupees per liter mark, and Sikkim became the latest state to see a petrol price of 100 rupees per liter after the fuel price rose again. According to the price notification from the state-owned fuel retailer, the price of gasoline increased by 35 paise per liter, and the price of diesel increased by 18 paise per liter.

Electricity

The Delhi Government Sets a Target of Meeting 8,500 MW Demand Next Year

After achieving the target demand during the peak period of this summer, the Delhi government has set a goal to meet the power supply of 7,323 MW next year to exceed 8,500 MV. During the peak of domestic electricity demand in the capital, Chief Minister Arvind Kejriwal held a meeting with officials from the distribution company and the power sector.

Ranji Trophy

Ranji Trophy Starts on November 16th

BCCI announced on Saturday the domestic cricket calendar for the 2021-22 season, which will be played in domestic competitions of all ages. The coveted Ranji Trophy will begin on November 16, which is scheduled for 2127 matches. Of a major event. Last season, BCCI was unable to host any age group competitions and was forced to cancel the Ranji trophy due to the Covid-19 pandemic.

Small Families

The Government Wants to Communicate the Message of "Small Families"

In order to speed up efforts to raise awareness of population control, the Yogi Adityanath government decided to spread the message "Do Bachche Hi Achhe" at people's doorsteps. In order to implement the plan, the state government will organize a "population stabilization biweekly" event on the occasion of World Population Day on July 11. The National Health Mission has completed all preparations for this special and large-scale sport.

FPI

FPI Invested 13,269 Rupees in the Indian Market

In order to reverse the two-month selling trend, the foreign securities investor (FPI) in June eventually became a net buyer, investing 13,269 crores in the Indian market. Morningstar India Associate Director (Manager Research) Himanshu Srivastava said that this may be due to the continued decline in the country's coronavirus cases and the hope that the economy will open soon, which has led to an improvement in investor sentiment.

Sustainable Society

A Big Step Towards a Sustainable Society

On Friday, stakeholders emphasized the importance of students’ socio-emotional learning and praised the Delhi government’s "happiness course", saying that the course is an important step towards building a sustainable society. On the third anniversary of the "Happiness Program" in public schools, Deputy CM Manish Sisodia, Director of the DOE Udit Prakash, students, their families, and teachers shared their experiences in the positive transformation of students.

Vaccine

"Both Vaccine Doses are Guaranteed to be 98% Effective Against Covid Deaths"

Niti Aayog member (Health) VK Paul quoted a study of Punjab police conducted by the Postgraduate Institute of Medical Education and Research (PGIMER) on Friday, saying that both vaccines can provide at least 98% protection against Covid-19 death. A total of 42,720 police officers received two doses of vaccine, of which 2 died, equivalent to 0.05‰, and 35,856 police officers received one dose.

Forex

Foreign Exchange Reserves Increased by 5 Billion USD, Reaching a Record High of 609 Billion USD

According to data from the Reserve Bank of India, as of the week of June 25, 2021, the country’s foreign exchange reserves surged by US$5.066 billion, reaching a record high of USD 608.99 billion. As of the week before June 18, foreign exchange reserves decreased by 4.418 billion U.S. dollars to 603.933 billion U.S. dollars.

FDI

The Government will Soon Make Some Clarifications Regarding Foreign Direct Investment in E-Commerce: Piyush Goyal

As domestic traders continue to complain about foreign online participants' alleged violations of FDI regulations, Minister of Commerce and Industry Piyush Goyal said on Friday that the ministry will "soon" make certain clarifications in the area of e-commerce. Goyal stated that since the policy is very clear, the ministry will not change any policy regarding foreign direct investment in e-commerce.

LIC

The Government Extends the Retirement Age of the Chairman of LIC to 62

The government passed the amendment to the Indian Life Insurance Company (Employee) Regulations of 1960 to extend the retirement age of the chairman of the LIC bound by the IPO to 62 years old. The changes in the rules will be referred to as the Indian Life Insurance Company (Staff) Revised Rules 2021, based on a government notice dated June 30, 2021.

Travel

Although Covishield is Approved, Travel to Europe is Still Uncertain

Although 10 EU countries have accepted Covishield as a certificate of exemption to enter these countries, those worried about future travel plans to Europe will have to wait for the resumption of international flights. Germany is the only country that has signed a bilateral bubble agreement with India, but it has not lifted the travel ban on people from India.

Johnson's

Johnson's Single Vax Effectively Fights Against the Delta Variant

According to the results of the Phase III trial, Johnson & Johnson's single-dose Covid vaccine has shown strong neutralizing antibody activity against the Delta (B16172) variant, and the immunity lasts for at least eight months. The Phase III trial submitted to the bioRxiv preprint showed that the vaccine is consistently effective in all regions of the global study, including South Africa and Brazil, which are during the study period.

Power Grid

Peak Power Demand Exceeds 7,000 MW

At 3:30 pm on Thursday, Delhi's peak power demand reached the highest point of the quarter of 7,026 MW. A senior BSES official stated that this was only the third year in Delhi's history that peak power demand exceeded 7,000 megawatts. "In 2018, peak power demand was more than 7,000 MW for the first time, reaching 7,016 MW. In 2019, it peaked at 7,409 MW," he said.

Export

Exports From April to June Increased to 95 Billion U.S. Dollars: Goyal

Minister of Commerce and Industry Piyush Goyal said on Friday that due to the healthy growth of industries such as engineering, rice, oil, and seafood, exports in the June quarter of this year jumped to US$95 billion. He told reporters here that the value of merchandise exports from April to June 2018-19 was USD 82 billion, and the value of merchandise exports in the last quarter of 2020-21 was US$90 billion.

GST

A special Meeting of the GST Council will be Held to Discuss Issues Related to Compensation: FM

Union FM Nirmala Sitharaman said on Thursday that the Goods and Services Tax Commission will soon convene a special meeting to discuss all compensation-related issues. She also said that the Covid-19 vaccination process across the country will be properly managed and all states will be taken care of. “I have promised to hold a special session, in which we will discuss, all GST compensation-related issues,” Sitharaman said.

RBI

The Reserve Bank of India Extends the Interest Subsidy Program for exporters to September

The Reserve Bank said on Thursday that a plan to provide interest subsidies for post-shipment and pre-shipment export credits has been extended for three months to September, which will provide relief to exporters. Exporters receive subsidies under the "Interest Equalization Scheme for Export Credits of Rupees Before and After Shipment". In early April, the plan was extended to June 30.

Pvt Schools

Delhi Government Orders Pvt Schools to Charge Monthly

The Delhi government issued an order on Thursday to require private schools to charge monthly fees, but only to approved principals, but the fees for the 2020-21 school year will be reduced by 15%. To further explain to parents and teachers, the Delhi government gave an example that if the school’s monthly fee in the 2020-21 fiscal year is 3,000 rupees, the school has the right to charge monthly tuition fee @ 2,550 rupees/month 15% after deduction.

COVID-19

Since the Peak of the Second Wave, Covid Cases Have Dropped by 86%, But Don’t Let Your Guard Down: Ministry of Health

The Federal Ministry of Health said on Friday that since the second wave of the pandemic reached its peak in the country, the number of Covid cases in India has fallen by 86%, but people should not relax their vigilance. Lav Agarwal, joint secretary of the Ministry of Health, said at a press conference: “With the continued attention of clinical management, the recovery rate was 81.1% on May 3 and is now about 97%.”

Travel

No International Flights Before July 31

International flights will be suspended until July 31. The Directorate General of Civil Aviation (DGCA) on Wednesday extended the ban on scheduled international flights to and from the country until July 31. This restriction does not apply to international all-cargo flights and scheduled flights according to travel arrangements. The ban on scheduled international flights has been implemented since March last year.

Blood Cells

Study Says New Coronavirus Infection Changes Blood Cells

A new study shows that coronavirus infection can change the biomechanical properties of red blood cells and white blood cells, which in some cases lasts for several months. It may be that Covid survivors will suffer for months even after clearing the life-threatening infection. s reason. Their pain is varied, including shortness of breath, fatigue, and headaches.

ICAI

Provide CA Candidates with Exit Options, SC guide ICAI

In order to comfort aspiring chartered accountants candidates, the Supreme Court on Wednesday instructed the Institute of Chartered Accountants of India (ICAI) to provide candidates who plan to take the CA exam on July 5 with an “exit” option because candidates or family members face Of COVID-related difficulties.

Google

After the Complaint, Google Deleted 59,350 Pieces of Content in April

After receiving more than 27,700 complaints from individual users in India, Google removed approximately 59,350 pieces of content from its social media platforms in April. In the first monthly transparency report released under the new social media and intermediary guidelines, Google stated that approximately 96.2% or 26,707 such complaints were related to copyright issues; followed by trademarks, defamation, other legal issues, counterfeiting, and circumvention.

LinkedIn

700 million User Data Security: LinkedIn

Professional social platform LinkedIn denied that the data of its 700 million users was compromised by hacker attacks. LinkedIn said in a statement that private member data has not been leaked. LinkedIn has issued a statement in several reports claiming that more than 700 million (92%) of its 756 million users' data was exposed in a new violation. User data is sold on the dark web along with 1 million "samples" of potential customers.

Kerala

The Atmosphere in Kerala is Not Conducive to Doing Business: Kitex

As commercial companies that signed a memorandum of understanding with the state government announced their decision to withdraw from the project, a major industrialization movement that was supposed to create 35,000 jobs in Kerala over the next three years suffered a setback on Tuesday. Kitex, the leading business group in Ernakulam District, announced on Tuesday that the state's environment is not conducive to business operations.

Vodafone , Idea

Vodafone Idea’s Auditors Expressed Concern About its "Going Concern" Status

As Vodafone Idea reported a net loss of Rs 6,985.1 crore for the quarter from January to March, the company’s auditors raised concerns about its survival as a “going concern”. The company stated in its financial performance statement for the 21st fiscal year and the fourth quarter of the previous fiscal year that the group had a loss of 44,233.1 crores for the year ended March 31, and net assets were negative.

Entrepreneurial Thinking Courses

Delhi Government Launches Application for Entrepreneurial Thinking Courses

Deputy Chief Minister Manish Sisodia launched a web application on Tuesday for school principals, teachers, and entrepreneurial thinking curriculum (EMC) coordinators to access EMC-related teaching materials. The Delhi government stated that under EMC’s seed funding program, entrepreneurial-minded students will receive 2,000 rupees to establish businesses.

maharashtra Slums

The Health Department Focuses on Vaccinations in Gurgaon Slums

In respect of dealing with the Covid-19 infection in Gurugram, the regional health department decided to deploy a mobile vaccine vehicle for the slum areas of the region. According to the plan, from July 1st to July 9th, drugs will be administered via mobile trucks in slums. Gurugram Civil Surgeon Dr. Virender Yadav informed that a nine-day plan has been drawn up to introduce the new coronavirus vaccine in slums.

 Niti Aayog

Mr. Kant Receives a 1-year Service Extension as CEO of Niti Aayog

Kant was appointed as the Chief Executive Officer of the Public Policy Think Tank in 2016 for a two-year term, which was extended to June 30, 2019. It was then extended for another two years until June 30 this year. The center has extended the term of office of Amitabh Kant, Chief Executive Officer (CEO) of the National Institution for Transforming India (NITI Aayog), India for one year until June 2022.

Automotive Industry

Meeting Soon on the Growth of the Automotive Industry: Minister

Union Minister Prakash Javadekar said on Tuesday that the Ministry of Heavy Industry and Public Enterprise will soon hold a stakeholder meeting to discuss the rapid growth of the automotive industry, including electric vehicles. He also said that with the development of NATRAX (National Automotive Test Tracks) Indore facilities, domestic vehicles will no longer need to be sent abroad for testing.

Covaxin

Fauci's Research Institute Supports Covaxin to Fund its Efficacy Enhancers

Covaxin is one of the two most popular Covid-19 vaccines in India, together with AstraZeneca’s Covishield. Although it is waiting for the results of phase 3 clinical trials, it has been authorized for emergency use. A top US Institute for Infectious Diseases said on Tuesday that the research it funded led to the development of a chemical that can improve the efficacy of Bharat Biotech’s Covid-19 vaccine Covaxin, which has shown that the vaccine can effectively neutralize SARS -CoV-2.

Covid Cases

Maha Covid Death Toll Drops to 231

On Tuesday, the daily number of Covid-19 deaths in Maharashtra fell to 231, and the number of infections remained relatively low at 8,085, although 8,623 patients in the state’s hospitals were discharged after a full recovery. The state recorded 287 deaths and 6,727 infections the day after, the daily death toll dropped further to 231, while the number of infections increased by 1,358. It is important enough that for the first time in two months, there are no “old and missing” death reports.

Jet Airways

Jet Airways Shares Continue to Rise

On Tuesday, the grounded Jet Airways stock price continued to rise, rising nearly 5%, hitting the price ceiling. Since the National Company Law Tribunal (NCLT) approved the Jalan Kalrock Consortium’s solution to the airline on June 22, the bills have been increasing. On Tuesday, it closed at 126.80 rupees per share on the BSE-also the price ceiling. It also ends at the same level on NSE.

crowd

The Main Market Laxmi Nagar Delhi is Closed Until July 5 Due to a Violation of Covid Regulations

Officials said on Wednesday that the East Delhi Regional Government had closed the Laxmi Nagar main market and some nearby markets until July 5th due to violations of the Covid agreement. In an order issued on Tuesday, Sonika Singh, chairman of the Delhi Disaster Management Authority (Eastern District), stated that the market association and shopkeepers of the main bazaar Laxmi Nagar “cannot secure the Covid agreement (Compliance) due to the high passenger flow".

Municipal Corporation of Gurgaon

MCG will Launch a Web Portal for Public Appeals

The Municipal Corporation of Gurgaon (MCG) will soon launch an online portal to resolve complaints and have time to meet with the municipal commissioner. The name of the portal has been proposed by the commissioner as "MCG Samadhan.com". In this regard, MCG Commissioner Mukesh Kumar Ahuja held a meeting with IT Wing officials on Monday and provided the necessary guidelines and recommendations for preparing the portal.

Covid Cases

India Adds 37,566 New Cases, Daily Covid-19 Cases Drop Again

The latest news from the Ministry shows that the total number of Covid-19 in the country is now 30,316,897, and the death toll has reached 397,637. According to the Union Ministry of Health and Family Welfare, India reported 37,566 new coronavirus disease (Covid-19) infections on Tuesday, and 907 people have died in the past 24 hours. The country’s new Covid-19 cases are lower than the data reported on Monday when 46,148 new infections were recorded in the past 24 hours.

AIIMS

A Fire Broke Out in the OT of the AIIMS Emergency Ward

On Monday, the All India Institute of Medical Sciences (AIIMS) and Safdarjung Hospital reported the fire accident. On Monday morning, a fire broke out in a room near the operating room of the AIIMS emergency department. No one was injured. According to Atul Garg, director of the Delhi Fire Service (DFS), he received a call at 5:04 in the morning saying that there was a fire in the emergency room operating room (OT) and rushed to AIIMS for seven fire protection bids.

Transgender

Free Schools are Opened for Transgender People by an NGO in Vasai, Maharashtra

In order to empower and provide more opportunities, a non-governmental organization in Vasai, Palghar District, Maharashtra, opened a school to provide free education for transgender people. This school was opened in the transgender community of vasai who said that they had few opportunities for education, and few people were willing to teach them.

Tourist

Free Visas to 500,000 Tourists and Financial Support for the Tourism Industry

Finance Minister Nirmala Sitharaman said on Monday that the government will provide free visas to 500,000 tourists visiting India. In announcing measures to revive the tourism industry hit hard by Covid-19, Sitharaman stated that it will provide financial support to more than 11,000 registered tour guides, travel, and tourism stakeholders.

Cricket Career

India Captain Mithali Raj Set the World Record for the Longest Cricket Career

The captain of the Indian women's cricket team, Mithali Raj, accomplished the inspiring feat of her cricket career for more than 22 years. What's more admirable is that in their career, no one can compare with her. Compared with men's cricket, only Sachin Tendulkar can cross the 22-year mark. The Indian women's cricket team is currently participating in the trio ODI and T20 series against England.

AGNI

Successful Test Launch of Advanced Nuclear Energy "Agni"

India successfully runs testing of a new variant of its nuclear-capable Agni ballistic missile on Monday. The missile has a range of 1,000 km to 2,000 km and will provide the armed forces with operational flexibility. The missile named Agni Prime was designed and manufactured by the Defense Research and Development Organization (DRDO). It was successfully tested after being launched from Dr. APJ Abdul Kalam Island off the coast of Balasore, Odisha at 10:55 am.

Char Dham Yatra

Despite HC Holdings, Uttarakhand Issued New Covid Guidelines for Char Dham Yatra

In view of Covid-19 and insufficient health preparations, the High Court made this decision. It asked the government to submit the affidavit again by July 7. The Uttarakhand government issued new guidelines for the Char Dham pilgrimage because it decided to start the first phase of the pilgrimage from July 1st and the second phase from July 11th, despite the high court banning the pilgrimage this year.

Broadband

Another 19,041 Rupees For Rural Broadband

The government allocated an additional Rs 19,041 crore on Monday to provide broadband connections in all villages under the Bharat Net Project. Prime Minister Narendra Modi announced on August 15, 2020, that all villages will have broadband connections within 1,000 days. In announcing the stimulus measures for various sectors, FM Nirmala Sitharaman said that an additional 19,041 crore is being provided to cash in that all villages will have broadband connections within 1,000 days from 2020 promi

Black Fungus

To date, India Has Reported 40,845 Black Fungus Cases in the Second Wave of Covid

So far, in the second wave of coronavirus epidemics, India has reported 40,845 cases of mucormycosis or black fungus, of which nearly 85% have occurred in patients infected with the coronavirus. Fungal diseases have claimed 3,129 lives. On Monday, Union Minister of Health Harsh Vardhan shared the data at a meeting of the Covid Ministerial Group. Since April, mucor infections have soared across the country.

School

DoE Takes Over the Management of the City’s Pvt School in Violation of RTE Regulations

On Sunday, the Department of Education (DoE) decided to take over the management of the Swami Shivanand Memorial Hall, citing arbitrary and violation of rules. According to the Delhi government, school management ignores the right to education (RTE) rules and charges students additional fees. The Department of Education also ordered an investigation.

Delta Plus

Due to Concerns About the Delta Plus Variant, the Maha Region will Resume Restrictions From Today

According to reports, the Delta Plus variant, which is more spread across the state, has now adopted Level 3 as the basic limit for Covid-19 restrictions. The first two levels have the greatest slack and have been removed until there are more orders. Starting today, many areas in Maharashtra will cancel the relaxation measures and implement further restrictions.

Economy

India’s Economy is Expected to Recover in FY22: Chairman of SBI

Although the second wave of the Covid-19 pandemic once again brought business and economic activities to a halt, the Chairman of the State Bank of India (SBI) Dinesh Kumar Khara expressed the hope that the country’s economy can be in the current fiscal year. recovery. The Chairman pointed out that the global economy will shrink by 3.3% in 2020, and the pandemic will cause significant loss of life and livelihoods.

NTPC

NTPC's Goal is to Achieve 60 GW of Renewable Energy Capacity by 2032

State-owned power giant NTPC said on Sunday that it has set a goal of installing 60 gigawatts (GW) of renewable energy (RE) capacity by 2032. NTPC has become India's first energy company to announce its energy contract targets, as the United Nations High Commission for a statement, Level Energy Dialogue (HLDE). The country's largest electricity producer also plans to reduce net energy intensity by 10% by 2032.

University

The University of Lucknow Sets up a Fund to Support Outstanding Students in Need

Professor Poonam Tandon, Dean of the School of Student Welfare, stated that the university administration department received 343 applications for the program, and a total of 49 eligible students were selected. The University of Lucknow has established a fund to help poor but meritorious students with an annual grant of 15,000 rupees, which will be provided to 49 selected students this academic year.

RBI

RBI Looks For Entities That Can Develop Multimedia Promotional Materials For Promotional Activities

To accelerate public awareness campaigns, the Reserve Bank of India (RBI) has begun to find entities that can develop multimedia promotional materials in 14 languages. In addition to English, it will also be used in Hindi, Assamese, Bengali, Gujarati, Kannada, Malayalam, Marathi, Oriya, Punjabi, Sindhi, Tamil, Telugu, and Urdu to launch a pan-Indian movement to educate the public about basic rules and regulations.

COVID-19

India Has Recorded 46,148 New Covid-19 Cases, Which is Lower Than Yesterday; the Death Toll Has Dropped to 979

This number is slightly lower than Sunday when the country reported 50,040 new infections and 1,258 new deaths. According to data from the Union Ministry of Health and Family Welfare, India on Monday reported 46,148 coronavirus disease (Covid-19) cases and 979 deaths in the past 24 hours. This number is slightly lower than Sunday when the country reported 50,040 new infections and 1,258 new deaths.

Dead Fish

Declining Oxygen Levels Cause Hundreds of Fish Deaths in the Guwahati Pond

Assam Fisheries Minister Parimal Suklabaidya said on Sunday that the depletion of dissolved oxygen levels in ponds due to environmental degradation has claimed the lives of hundreds of fishes in Dighalipukhuri on Guwahati Island. Since Saturday night, a large number of dead fish have been found floating in the water body, and then the minister has directed his department officials to visit the site and determine the exact cause.

IBIB

Red face: IBBI releases PAN and Aadhaar Information

The Insolvency and Bankruptcy Board of India (IBBI) “unintentionally” published on its website the Aadhaar and PAN details of creditors (including workers) of some companies that are undergoing settlement procedures. A senior official said that because the regulator is working on a test project to custody information about creditors of companies that are undergoing Corporate Insolvency Resolution Process (CIRP) and liquidation, the details have entered the public domain "inadvertently".

Exam

Delhi Issued a Notice on Teaching to Eliminate Dependency on One-Time Exams

The Delhi Government Department of Education (DoE) issued a notice containing methods and implementation strategies for teaching activities from kindergarten to class XII in government and government-funded schools during 2021-22 until the school reopens. Deputy CM and Edu Min Manish Sisodia reiterated that until the pandemic eases, schools will continue to be closed, but contact between teachers and students will be restored immediately through online and semi-online methods.

Vaccine

Starting From June 28th, the Covid Vaccine Must be Injected at Least Once When Entering Public Places in Rajasthan

On Saturday, the Rajasthan government stipulated that from June 28, people must receive at least one dose of the vaccine to enter public places. The Gehlot administration made this provision and the new guidelines stipulate that government offices can now be open until 6 pm, and companies whose employees have been vaccinated can open another 3 hours to 7 pm. Religious places will be opened conditionally, and the marriage hall will be opened to hold marriage events from July 1.

Gandhi Hospital

Gandhi Hospital Performed 500 Mucormycosis Operations

Nearly a month and a half after the outbreak of mucormycosis in the state, Gandhi Hospital completed nearly 500 operations on Saturday to treat the infection. The hospital has a team of doctors from different specialties—ophthalmology surgeons, plastic surgeons, dentists, and neurosurgeons—who work together to treat patients.

Karnataka

Karnataka 4,272 Cases of New Covid Cases, 115 Deaths

Karnataka reported 4,272 new Covid-19 cases and 115 deaths on Saturday, bringing the total number of infections to 28,31,026 and the death toll to 34,654. A further 6,126 people were discharged that day, continuing to exceed new cases, bringing the state's total recovery so far to 26,91,123. Bangalore City accounted for 955 cases. 1,174 people were discharged from hospitals and 16 people died in the city.

Gold Medal

Tamil Nadu CM Announces a Cash Prize of Rs 3 crore for Athletes who Won Gold Medals at the Tokyo Olympics

The Chief Minister of Tamil Nadu, M.K. Stalin, announced that it will provide a cash prize of Rs 3 crore for the athletes who won gold medals at the Tokyo Olympics, which began on July 23. The Chief Minister announced the news at Jawaharlal Nehru Stadium on Saturday, while addressing athletes and athletes at the special Covid vaccination camp held for them. He said that the silver medalist will receive a cash prize of 20 crore rupees and the bronze medalist will receive 1 crore rupees.

INDIA

New 50,000 Covid Cases in India, 1,258 Deaths Within 24 Hours

According to data released by the Federal Ministry of Health and Family Welfare on Sunday, India reported 50,040 new Covid-19 cases, slightly higher than Saturday, with 1,258 deaths in the past 24 hours. As India surpassed 30 million Covid cases on Wednesday, the total number of cases rose to 3,02,33,183. This is the tenth consecutive day in the past two months that the death toll has fallen below the 2,000 mark.

Petrol

Delhi Petrol Rose by 35 paise per Litre for the Second Day in a Row, Chennai Was Close to 100 Rupees

Gasoline prices in the capital rose by 35 paise per litre for the second consecutive day, reaching 98.46 rupees per litre. Similarly, fuel prices in other major cities have continued to rise, with gasoline in Chennai priced at 99.49 rupees per litre. In Mumbai and Kolkata, the price of fuel is 104.56 rupees and 98.30 rupees per litre, respectively.

Twitter

Twitter Will Finally Allow Users to Log in With their Google Account

Many applications allow users to log in with their Google account to save the time and effort of manual registration. However, the Weibo website Twitter does not allow users to log in through their Google account. However, based on a recent discovery, Twitter now seems to be working on this feature. Reverse engineer Jane Wong discovered that Twitter is considering enabling Google login on its application.

Manu-Saurabh

Manu-Saurabh Won the 10m Air Pistol Mixed Team Silver Medal

On Saturday, the Indian duo of Saurabh Chaudhary and Manu Bhaker continued their impressive match, winning the silver medal in the 10m air pistol mixed team competition of the ISSF Shooting World Cup. Won five gold medals in the previous version, this is the sixth 10m air pistol hybrid World Cup medal for the duo in the trot. The Indian team fought hard, equalizing from 6-12 to 12-12, and then losing to Russia's Vitalina Basarashkin 12-16 in the last two series and Artem Chernosov.

Kanika Layak

Kanika Layak (Ace shooter) from Jharkhand Gets a New Rifle for Practice from Bollywood actor Sonu Sood

On Saturday, Kanika Layak, a female Ace shooter in Jharkhand, received a new rifle for practice from Bollywood actor Sonu Sood, and her dream came true. In March, when some of her friends tweeted Sood and asked her to provide the same thing, Sood promised to give her a rifle. Imported from Germany and handed to her at the female shooter residence by the representative of Sood. The actor also talked to Layak in a video call and asked for more and more medals for the country.

CBSE

CBSE May Conduct Optional Examination in August: Edu Minister

Union Minister of Education Ramesh Pokhriyal Nishank said on Friday that the CBSE optional exam may be taken in August or any other date, just in case. He also insisted that the safety of students is of paramount importance to the government. "If you are not satisfied with the assessment method, please don't worry. We are ready to take the optional exam in August. Your health is our top priority," Nishank said in a recorded video message to students, teachers and guardians Say.

Tablet

The Delhi Government will Provide More than 2,000 Tablets to New Teachers

In order to improve the quality of school education and make teachers high-tech, the Delhi government will provide tablet computers to 2,103 new teachers appointed by the Education Bureau. Deputy Chief Minister and Minister of Education Manish Sisodia said: “The Delhi government’s vision is to provide quality education to every child, and distributing tablets to teachers is a step in this direction.

LIC

LIC Housing Finance Will Raise Rs 2,334 Crores

Raise funds by issuing equity to the Indian Life Insurance Company (LIC). In the regulatory documents, the housing finance company stated that it will issue 45,400 shares to LIC at a price of 514.25 rupees per share. After the allotment, LIC's shares in the company increased to 45.24%, while the shareholding ratio before the issuance was 40.31%. The company will seek shareholders’ approval for the proposed priority allotment at an extraordinary general meeting on July 19.

Gold

Gold Assets Decline, Foreign Exchange Reserves Decrease by 4 Billion U.S.D to 603.93 Billion U.S.D

Data released by the Reserve Bank of India on Friday showed that as of the week of June 18, due to the decline in gold and currency assets, India’s foreign exchange reserves fell from a historical high of US$4.148 billion to US$603.933 billion. In the last reporting week, Forex Kitten soared by US$3.074 billion, reaching a record of US$600.881 billion.

Investment

Sitharaman Points out the Investment Opportunities of U.S. Investors in India

Fin Min Nirmala Sitharaman discussed India's growth and investment opportunities after the government's reform measures at the Global Investor Roundtable organized by the US-India Strategic Partnership Forum (USISPF). The round table held via video conference witnessed the participation of some of the largest foreign investors, including MasterCard, MetLife, Prudential, Air Products, Dell, SoftBank, and Warburg Pincus.

Tax

The Government Extends Various Income Tax Compliance Periods; Tax Exemptions for Covid-19 Treatment for Employees

The government on Friday extended various income tax compliance deadlines and stated that the amount paid by employers to employees for Covid-19 treatment will be tax-free. In addition, if an employee dies due to Covid-19, special payments received by family members from the employer will be exempt from income tax.

ICMR

The Head of ICMR Said that More Data is Needed to Determine Whether Children can be Vaccinated

ICMR Director-General Dr. Balram Bharagava said on Friday that pregnant women can be vaccinated against COVID-19, but more data is needed to determine whether children can be vaccinated against the disease. "The Ministry of Health has already given guidelines for vaccinating pregnant women (anti-Covid vaccine). The head of the Indian Council of Medical Research (ICMR) was asked about the vaccinations of children and pregnant women.

Unlock

Tamil Nadu Relaxes Covid Restrictions; Religious Places, Shopping Centers, and Shops Open

Although its daily Covid-19 count is still well above the 5,000 marks, and the Delta Plus variant threatens the third wave, the Govt. of Tamil Nadu eased the lock-in rules on Friday because it relaxes outdoor activities. According to the latest state notice, the existing restrictions have been extended to July 5, but citizens of Chennai and neighbouring areas have many relaxation measures. Shopping centres, places of worship, clothing and jewellery stores, and gyms are open for business.

Delta Plus

Delta Plus variant: The Government Requires 8 States and UT to Take Immediate Containment Measures

The Ministry of Health on Friday urged 8 states and union territories to take immediate containment measures, including preventing crowds, conducting extensive testing, and prioritizing increased vaccine coverage in areas where the Delta Plus variant has been found. These measures were addressed by the Federal Minister of Health Rajesh Bhushan to Tamil Nadu, Rajasthan, Karnataka, Punjab, Andhra Pradesh, Jammu, and Kashmir, Gujarat, and Haryana. Proposed in a letter from.

Vaccination

Record of Immunization Against Covid-19 2.1 Lakhs

A record 210,034 doses of the anti-Covid-19 vaccine were vaccinated in Chhattisgarh on Wednesday. This is the highest single-day record in the state since the pandemic began. According to Dr. Priyanka Shukla, the node officer in charge of Covid vaccination, vaccination was carried out in 4,191 locations. She said that on June 24, a total of 158,191 doses of anti-coronavirus vaccine were given to people aged 18-44 in Chhattisgarh.

Oxygen Cylinder

The SC Team Stated That the Delhi Government has Exaggerated the Oxygen Demand by 4 Times During the Second Peak of COVID.

The Supreme Court’s oxygen audit team submitted a report and stated that the Delhi government had exaggerated its oxygen demand four times during the second wave of COVID-19. The team is led by Dr. Randeep Guleria, Director of AIIMS, and includes Bhupinder Bhalla, Chief Home Secretary of the Delhi Government, Dr. Sandeep Buddhiraja, Director of Max Healthcare, and Subodh Yadav, Joint Secretary of the Joint Jal Shakti Department.

Air India

Air India Flew from Amritsar to Dubai With Only One Passenger

When S P Singh Oberoi, an Indian businessman based in the UAE, boarded an Air India flight from Amritsar to Dubai with an economy class ticket, he was pleasantly surprised to find that the entire plane belonged to him. An official said that Oberoi holds a golden visa and is allowed to live in the UAE for 10 years. He is the only passenger on the three-hour flight of the UAE national airline to Dubai.

NDMC

NDMC Raises Licensing Fees For Various Industries

The New Delhi Municipal Council (NDMC) has increased the annual fees for the grant and renewal of various trade licenses for 2021-22, including licenses for hotels, restaurants, coffee shops, and dessert shops. However, the annual fee for small kiosks, stalls, dairy products stalls, water carts, etc. will not increase. The case of a five-star hotel," said a senior NDMC official.

JIO Next

JioPhone Next, Jointly Developed with Google, will Become the World's Most Affordable Smartphone

Reliance Industries Chairman Mukesh Ambani said on Thursday that Jio and Google have jointly developed a powerful and affordable smartphone "JioPhone Next", which will be available on September 10. Ambani promises that JioPhone Next will become the most affordable smartphone in India and the world. At the Reliance Industries Co., Ltd. annual shareholder meeting, Ambani asserted that an ultra-affordable 4G smartphone is essential to India's 2G-MUKT (2G -free).

WHO

Delta Variants Have Been Reported in 85 Countries/regions Around the World: WHO

The Covid-19 weekly epidemiological update released by the World Health Organization (WHO) on June 22 stated that, globally, the variant Alpha has been reported in 170 countries, territories or regions, Beta in 119 countries, and Gamma in 71 countries. Delta is in 85 countries. Delta has now been reported in 85 countries around the world, and new countries in all WHO regions continue to report, 11 of which were newly reported in the past two weeks," the update said.

TESLA

Tesla's Artificial Intelligence Chip is 180 Times More Powerful Than the F-35, the World's Most Powerful Fighter Jet: Research

The global electronics and automotive industries are facing severe supply chain disruptions, leading to a backlog of most manufacturers. This supply chain interruption is caused by a shortage of processor chips, which are as small as a coin but provide computing power for the smallest things (such as mobile phones and video games), and for the largest machines such as space rockets and airplanes.

Credit Card

West Bengal Cabinet Approves Student Credit Card Scheme

The West Bengal Cabinet on Thursday approved the student credit card program promised by the Trinamool Congress in its election manifesto, Chief Minister Mamata Banerjee said. With the help of a credit card, students can obtain a soft loan of up to Rs 1 million to continue their studies. The Cabinet endorsed the student credit card program. Anyone who has spent 10 years in West Bengal and want a loan for undergraduate, postgraduate, doctoral and post-doctoral study in India or abroad,”

ZOO

Lioness Tested Positive for COVID-19 at Sri Lanka Zoo

According to media reports on Friday, a lioness in a zoo in Sri Lanka tested positive for the coronavirus. A lion in the same zoo was infected with the virus a few days ago. The Dehiwala Zoo Department said on Wednesday that a lioness named "Sheena" was confirmed to be infected with COVID-19, which increased the number of animals infected with COVID-19 in the zoo to two.

Bullet Train

China Opens its First Bullet Train in Tibet Near the Indian Border

China opened its first fully electrified bullet train in the remote Himalayas of Tibet on Friday, connecting the provincial capital Lhasa with Nyingchi, a strategically important Tibetan border town close to Arunachal Pradesh. The Lhasa-Nyingchi section of the Sichuan-Tibet Railway is 435.5 kilometres long and opened on the eve of the Centennial Celebration of the Communist Party of China on July 1.

Sensex

Sensex Bounces Over 200 pts in Early

The stock benchmark Sensex rose by more than 200 points in early trading on Thursday, tracking the gains of the major index companies Infosys, TCS, and HDFC Bank amidst the influx of foreign funds. The 30-share BSE index rose 216.23 points, or 0.41%, to 52,522.31 in initial trading. Similarly, the broader NSE Nifty rose 59.95 points, or 0.38%, to 15,746.90. TCS rose the most among the Sensex portfolio, followed by Tata Steel, L&T, Infosys, UltraTech Cement, ICICI Bank, SBI, and Axis Bank.

5G

DOT Assigns 5G Spectrum Checking to MTNL

According to official sources, the Ministry of Telecommunications allocated spectrum for 5G field trials to the state-owned telecommunications company MTNL on Wednesday, with C-DoT as its technology partner. In May of this year, Reliance Jio, Bharti Airtel and Vodafone Idea obtained spectrum for 5G trials in specific cities in India. DoT has allocated spectrum to MTNL for use in Delhi's 5G trial. It will cooperate with C-DoT to conduct trials," an official source told PTI.

Moody's

Moody's Slices India Development Foresee for 2021 to 9.6 pc

The Moody (US-based rating agency) said that high-frequency economic indicators show that the second wave of COVID-19 infections hit the Indian economy in April and May. It stated in a report on India that as states now relax restrictions, economic activity in MAY may mark a low point. It lowered India's growth forecast for the 2021 calendar year to 9.6% from a previous estimate of 13.9% and said that faster COVID vaccination is essential to limit economic losses to the June quarter.

COVID-19

Maharashtra Reports 10,066 New Cases, 163 Passings

Maharashtra set a record-breaking 555,000 vaccinations on Tuesday, the highest level in a day, as driving returned to over 18 years of age. Mumbai also repeated Monday’s feat, vaccinating more than 100,000 people for the second day in a row. The state reported 8,470 new cases and 188 deaths, bringing the total number of cases to 5.98 million. The state’s daily positive rate on Tuesday was 3.9%, and 8,470 new cases were added out of the 210,000 tests conducted.

Warren Buffett

Warren Buffett leaves Gates Foundation

Warren Buffett (The Oracle of Omaha) will resign as trustee of the Bill and Melinda Gates Foundation. Recently, Gates Couple announced that they would divorce after 27 years of marriage, but would carry on with the foundation together, which is one of the largest charitable organizations in the world. Gates was once the richest man in the world, and his wealth is estimated to exceed 100 billion USD.

COVID-19

India Records 54,069 New Instances of COVID-19, 1,321 Passings in a Day

According to data from the Union Ministry of Health of India on Thursday, India reported 54,069 new COVID-19 cases in a single day, bringing the total number of infections to 3,00,82,778, while another 1,321 deaths pushed the death toll to 3,91,981. The number of active cases has dropped to 6,27,057, accounting for 2.08% of the total number of infections. The data updated at 8 am shows that the national COVID-19 recovery rate has also increased to 96.61%.

 Reliance Industries

Reliance Industries Annual General Meeting Today

Mukesh Ambani-helmed Reliance Industries' 44th Annual General Meeting is going to be held today from 2 pm onwards. This year, thanks to restrictions due to COVID-19, the AGM is going to be held through video conferencing and other audio-visual means. Chairman Mukesh Ambani is predicted to form some major announcements including the country's first 5G phone, JioMart's grocery venture with WhatsApp, low-cost affordable laptop JioBook, and it's $15 billion affect Saudi Aramco.

NMDC

NMDC Another Amazing Performance in FY21

NMDC, India's largest iron ore producer, produced 34.15 million tons of iron ore and sold 33.25 million tons of iron ore in the 2020-21 fiscal year. Compared with the 31.49 million tons of production and 31.51 million tons of sales in the 2019-20 fiscal year, this is an 8% increase in production and a 6% increase in sales. This is undoubtedly achieved in a challenging year. NMDC's turnover for the 2020-21 fiscal year is 15,370 crores, and the 2019-20 fiscal year's turnover is 11,699 crores.

Delta Plus

Delta Variants Pose the "Biggest Threat" to Covid-19 Work in the United States: Dr. Fauci

Dr. Anthony Fauci, a leading US infectious disease expert and chief medical adviser to the White House, warned that the highly contagious variant of the Coronavirus Delta is the “biggest intimidation” to the US trying to eradicate the epidemic. He told the White House Covid-19 Response Team briefing on Tuesday that this variant was first discovered in India and was more contagious than other transmission variants and caused more serious diseases.

Skin Problem

Skin Problems after Vaccination Appeared

Dermatologists said that from fiery skin rashes to layered plaques, a few group have detailed skin-related difficulties subsequent to getting the Covid antibody, however up until now, the quantity of such cases is "little" and can't be straightforwardly associated. Fever, body throbs and shortcoming are normal responses to immunization. Specialists say that a few group whine of skin or other skin issues in the wake of getting the infusion.

JEE Main

JEE Mains Pending Sessions Likely in August, NEET 2021 to be Postponed to September

The source told the news agency PTI that even if the centre cancelled the CBSE board exam, taking into account the second wave of COVID pandemic, the Federal Ministry of Education still plans to hold the pending meeting of JEE Mains in July or August. In addition, the Ministry of Education also plans to postpone NEET 2021 to September.

Gold

Gold Metal Rises as US Fed will not raise rates; MCX silver also up

After US Federal Reserve Chairman Jerome Powell vowed not to raise interest rates too quickly, supported by positive global clues, India's gold price rose on Wednesday. On multiple commodity exchanges, August gold futures traded at 80 rupees, or 0.17%, to 47,091 rupees per 10 grams, compared with the previous day’s closing price of 47,011 rupees.

Delta Plus

The New Delta Plus Variant has been Detected in Jharkhand

In recent days, new coronaviruses such as Delta and Alpha in Jharkhand have infected 328 people. The state government has ordered samples of patients to be sent for genetic research within 48 hours after their deaths to help develop strategies to control their spread. Officials said on Tuesday.

Amazon

India Online Business Rules Cast Cover Over Amazon, Walmart and Neighborhood Rivals

New Indian web-based business rules will raise costs for every single online retailer however especially Amazon and Walmart's Flipkart as they may need to survey their business structures, senior industry sources told Reuters. India's Ministry of Consumer Affairs illustrated plans on Monday which incorporate restricting "streak deals" by online retailers, getting control over a private mark push, convincing them to name consistence officials and force a "fall-back risk" if a vender is careless.

Unlock

Kerala Government Reports Further Relaxations in Lockdown Rules

The Kerala government on Tuesday reported further relaxations in the lockdown guidelines, while forewarning the general population against a potential third influx of the COVID-19 pandemic. The new relaxations would become effective from Thursday, Chief Minister Pinarayi Vijayan told a public interview here after an audit meeting. The Chief Minister said the spread of the illness in the state is on the decay.

Infosys

Sitharaman and Other Ministers Talked with Infosys Officials

FM Nirmala Sitharaman on Tuesday explored with Infosys authorities the technical errors that keep on creating issues while using the new income tax portal. Sitharaman, alongside Minister of State for Finance Anurag Thakur, Revenue Secretary Tarun Bajaj, CBDT Chairman Jagannath Mohapatra and other senior service authorities, went point by point on the issues confronting the new gateway with authorities of Infosys.

IRDAI

IRDAI Permits Home Treatment as Extra Cover in Health Care Coverage

For all healthcare providers including independent wellbeing backup plans, IRDAI has said organizations need to record their items with it if home treatment is offered as an extra cover. According to IRDAI, homecare therapy is one taken at home for a disease that normally needs hospitalization also t a medical practitioner advised the insured home therapy; there is a nonstop continuous treatment of the patient being monitored by a medical practitioner during the extent of home treatment.

Petrol

Fuel Cost Climbed Once More

Fuel costs expanded again the nation over on Tuesday adding more hopelessness for the average person previously wrestling with rising food costs in the midst of contracting pay. With the ascent, petroleum costs have arrived at near hitting the century mark all over the nation expanding the extent of noteworthy excessive costs that had effectively made the fuel rate cross the Rs 100/Litre mark in specific urban areas and towns of Maharashtra, Madhya Pradesh, Rajasthan, Telangana, Andhra Pradesh.

Amarnath ji

Amarnath Yatra Dropped because of the Covid Pandemic

The Shri Amarnathji Shrine Board on Monday dropped the yearly journey to the cavern altar of Amarnath situated at a height of around 13,000 feet in the South Kashmir locale of Anantnag in the wake of the overarching circumstance because of the Covid-19 pandemic. The yatra was booked to start on June 28. Lt-Governor Manoj Sinha, who is additionally the administrator of the Shrine board authoritatively declared the choice after having conversations with the individuals from the Shrine board

SBI

SBI gets Central Board's Gesture to Raise Rs 14,000cr by Means of Bonds

The country's biggest bank SBI on Monday said its central board has endorsed a proposition to raise up to Rs 14,000 crore by giving Basel-III agreeable bonds. The bonds are proposed to be brought up in Indian or US currency. “The central leading body of the bank at its meeting held today on June 21, 2021, agreed to endorsement for raising capital via issuance of Basel III debt instruments in USD or potentially INR during FY22," SBI said

Maruti

Maruti Suzuki to Increase Prices in Next Quarter

The country's biggest carmaker Maruti Suzuki Monday said it will increase prices across its scope of vehicles in the forthcoming quarter to balance any rise in input costs. The Company said in a statement that over the past year the cost of the company’s vehicles continued to be adversely impacted due to an increase in various input costs. “Hence, it has become imperative for the company to pass on some impact of the above additional cost to customers through a price rise.

RIL

Reliance Retail Sector of RIL to be Next Growth Engine for the company said Goldman Sachs in a Report

The retail sector including e-commerce can be the growth engine for Mukesh Ambani's owned Reliance Industries Ltd. Goldman Sachs said in a report that with a potential for a 10x growth in pre-tax profit from the business over the next decade, retail including e-commerce will be the next growth engine for Reliance Industries Ltd.

Tech Error

FM Sitharaman will Discuss the Technical Errors in New Income Tax portal on Tuesday with Infosys

Finance Minister Smt. Nirmala Sitharaman, Infosys meet on technical errors in the new Income Tax portal on Tuesday; to discuss several stakeholder inputs. Several stakeholders have provided written inputs and feedbacks highlighting the issues while facing the portal as well as areas that need to be fixed. Infosys had stated in its company’s annual shareholder meeting on Saturday that it is working to resolve the issues.

Rupee

Rupee Slips Down to 8-Week Low

The rupee on Monday drooped to its most minimal level in almost two months, shedding 24 paise to close at 74.10 to the US dollar as members turned careful catching unfamiliar asset outpourings after hawkish remarks from the US Federal Reserve. At the interbank forex market, the homegrown unit opened frail at 74.20 against the American cash, pared some underlying misfortunes, lastly shut down at 74.10, showing a fall of 24 paise over its past close.

Delta Plus

21 Detected with New Delta Plus Variant of Covid 19 in Maharashtra

Maharashtra Health Minister Rajesh Tope has said that twenty-one cases of the ''Delta plus'' variant of COVID-19, considered highly infectious, have been found in Maharashtra so far, the highest nine cases were reported in Ratnagiri, followed by seven in Jalgaon, two in Mumbai, and one case each in Palghar, Thane and Sindhudurg districts, Tope told reporters on Monday.

Gold

Gold up for Second Day Subsequent to Falling 4% last week; may hit Rs 48,000 one Week from Now

Gold rates in India attained for the second consecutive day on Tuesday, on the rear of positive worldwide trends exactly where a pullback in the dollar lifted call for the precious metal. On Multi Commodity Exchange, gold August fates had been exchanging Rs 97 or .21 percent up Rs 47,171 for each 10 grams, more than the past close of Rs 47,074 for every 10 grams.

Petrol

Prices Rise Again to Reach all Time High, know the Prices

Following a day of delay, petroleum and diesel costs were climbed again by 25 to 28 paise on June 22, taking fuel costs the nation over to a noteworthy high, as indicated by a value notice by state-claimed fuel retailers. Petroleum cost hit an unsurpassed high of Rs 103.63 a litre in Mumbai, with an expansion of 27 paise from the earlier day cost of Rs 103.36 per litre. The city, on May 29, turned into the principal metro in the country where petroleum was being sold at over Rs 100-a-litre tag.

Jet Airways

Indices Exchange the Green, Nifty around 15,800; Jet Airways in Concentration

Sensex is up 177.62 points or 0.34% at 52752.08, and the Nifty added 74.30 points or 0.47% at 15820.80. Maruti Suzuki, UPL, and Shree Cements are the top gainers while Adani Ports, Adani Enterprises, and Reliance Industries are the most dynamic stocks. Auto, metal, and the PSU Bank list added a percent each while the midcap and small cap lists are likewise exchanging the green.

Shopping Mall

Shopping Malls and Restaurants will Open in UP Today

As the government announces further relaxation of the policy, extending market hours from 7 a.m. to 9 p.m. on weekdays, and allowing full attendance in government offices, restaurants and shopping malls across the state will begin operations on Monday. However, the guidelines issued by Chief Secretary RK Tiwari late on Saturday night clearly stated that in areas where the number of active cases exceeds 500, all relaxation measures will be immediately cancelled.

Sensex

Sensex Holds at Almost 600 pts in Early Exchange; Nifty Under 15,600

The stock benchmark Sensex plunged nearly 600 points in early trading on Monday, tracking the declines of index heavyweights ICICI Bank, SBI and L&T in the context of a sharp correction in global stock markets. The 30-share BSE index fell 596.78 points, or 1.14%, to 51,747.67 in initial trading. Similarly, the broader NSE Nifty fell 175.35 points, or 1.12%, to 15,508.

Petrol

Petrol Broke 97 Rupees in Delhi, and Diesel was Close to 88 Rupees After Another Price Increase

Petroleum cost was climbed by 29 paise per litre and diesel by 28 paise, as per a value notice of state-possessed fuel retailers. The climb - 27th in seven weeks - pushed fuel costs the nation over to new noteworthy highs. In Delhi, petroleum hit an unequalled high of Rs 97.22 a liter, while diesel is currently evaluated at Rs 87.97 per litre. Fuel costs contrast from one state to another contingent upon the rate of neighbourhood assessments, for example, VAT and cargo charges.

Air India

Air India has Time Till Mid-July to Challenge Cairn Claim

Air India has time till mid-July to challenge the claim documented by Britain's Cairn Energy PLC requesting that a US federal court compel the aircraft to pay a $1.26 billion assertion grant it had won against the Indian Government in December last year, sources said. Cairn had said in the claim recorded with the US District Court for the Southern District of New York. The court should expect the aircraft organization to take responsibility for the assertion grant, the organization had said.

Forex

India’s Forex Reserve Increased Crossed the Border of $3Bilion

India’s Forex reserves rise by $3.074 billion in the week ended. According to a weekly supplement published by RBI, it increased by $608.081. India’s Forex reserves consist of many things like Foreign Currency Assets (FCAs), Gold Reserves, Special Drawing Rights (SDR), and the situation of the Country’s reserves with IMF (International Monetary Fund). Simultaneous rise in the FCA also triggered the increase of Foreign Currency Assets. It is good for the Indian Economy.

Girl

Women Become a Majority in Global Workforce

According to the survey women now become 41% of the Global supply workforce in 2021 which is 2% higher than the last year. But 54% of the surveyors said that retaining mid-career women is a bigger challenge. Leaving the job is the main consequence of the Lack of job opportunities for Mid-Career women. Women are in various positions of the company expecting a minor decline in positions of executive level.

Salary

There is No Plan For Fixing of the Minimum Wages

On Saturday Labour Ministry said that the Government has no plan of fixing the Minimum Wages & National Floor wages. The clarification came after the release of the report that the Government is trying to fix the Minimum wages & National Floor wages. Before this month the ministry said that they formed a Committee under the Chairmanship of Ajit Mishra for putting the technical inputs & various researches on the fixation of wages & Floor Price.

 Punjab & Haryana

Demand Increases for Products Made in Punjab & Haryana

On Saturday Amazon India said that the products made in Punjab & Haryana like Hosiery, Sports, Goods & others become the source of the major attraction for Global customers and the demand for these products are booming. According to the company the Flagship Program of “E-Commerce” is instrumental in increasing the participation of MSME (Micro Small & Medium Industries). The export program of the company is playing a major role in expanding the businesses.

GDP

India’s FY22 GDP is Likely to Grow at 8.7%

According to a report released by Motilal Oswal Financial services India’s GDP is likely to grow at 8.7% in Fiscal year 2022. According to the company we have revised our estimation due to the attack of the deadly COVID wave. The increase in Nominal GDP growth is likely to remain moderate in 2022-2023. GDP Deflator is more related to WPI (Wholesale Price Index) over the CPI (Consumer Price Index). The projection is based on extensive research.

NTPC

NTPC comes in the List of top 50 Great Place

According to a report released by Great Place to Work Institute Giant NTPC has been recognized as “Great Place to Work”. NTPC Giant PSU is simultaneously coming into India’s top 50 workplaces. This year is great for NTPC as it came 38th this year in comparison to the 47th rank of last year. GPTW consists of the various factors in determining the best workplaces like the Company’s People, Profiles & various approaches.

Air India

Air India is in Pressure

According to the Government sources the time period of Air India to challenge the lawsuit filed by Britain’s cairn Agency PLC which has a provision that the US federal court forced the Airline Authorities to pay USD 1.26 billion. Indian Government had won this case in December. As we know that Air India is controlled by the Indian Government. The court said the company is liable for the Arbitration award.

PNB

PNBHF Finalized Capital Infusion for the Purpose of Strengthening Equity Buffer

According to India Ratings & Research the infusion of capital in the PNB Housing Finance Limited will lead to increase in the equity buffers of the Company. According to Ind-Ra PNB is under the stressed financial situation which is due to the challenging environment of the Bank due to the COVID 19. The capital infusion is higher in comparison to the previously planned infusion. Carlyle Group is becoming the largest shareholder.

IMF Proposed the setting of an International Price Floor

The International Monetary Fund (IMF) has settled an international carbon price floor help in limiting the global warming and achieved low carbon growth over the decade. According to Managing Director of the IMF International increase in prices of the carbon lead to innovation & transition for the renewable energy and cleaning mobility. IMF staff is publishing the proposals on how to tackle the problem of international price floor and how it affects the goal of low carbon transition

UCO Bank

UCO Bank is Likely to Raise up Rs500 Crore

For raising tier-2 capital. UCO bank will meet with its board of Directors. In The meeting, which will be going to held on June23 2021 Board of Directors will consider the raising up of the Capital of Rs 500 crore.Tier-2 capital of the bank consists of various things like undisclosed reserves, revaluation reserves, general provision & loss reserves, Hybrid capital instruments, Subordinated debt & investment reserve account. The loss-absorption capacity of tier-2 is less in comparison to tier-1.

 Pension & Pensioners Welfare

Second Vaccination Camp was Organized by the Department of Pension & Pensioners Welfare

For Protecting Staffs & Officers from COVID 19, Department of Pension & Pensioners Welfare organized their Second Vaccination Camp. During this Camp Officers, Staffs & Their Family members in the age group of 18 -44 were administered with COVIDSHIELD vaccine. The Department has released the safety guidelines in view for the protection of their employees and their family members. Dr. Jitendra Singh was present at the occasion and various officers of the department guided the process.

Gram Panchayat

The government will Allocate Separate Funds for Gram Panchayat: CM Gehlot

CM Ashok Gehlot” Government will provide Additional funds for Development of Gram Panchayats which are performing the Task of vaccination effectively. CM ordered the officials to encourage the people in ramping up the vaccination process. Gehlot addressed through Video Conferencing and said that participation should be increased in the vaccination process up to ward level, Social Org. like NCC, NSS, etc. Influencers should take the responsibility of increasing awareness about the vaccine.

Power Grid

Consolidated Profit of PowerGrid Crossed Rs12K Crore

(PowerGrid) recently posted a profit of Rs40,824 crore & Profit after tax is Rs 12,036 crore on the consolidated basis ended March 31, 2021. It has witnessed a growth rate of 6% & 9% respectively. Increase in profit of PowerGrid is due to many reasons and the profits are booming simultaneously. During the Financial year 2020-21, the Company incurred the Capital Expenditure of 11,284 crores and gained assets of 21,467 crore.

Meal

Exemption of GST Take Place in the Supply of Food to Pre-Schools, Aanganwadis & Mid-Day Meals

CBIC said that Food supplied to Pre-Schools, Aanganwadis & Mid-Day meals will be exempted from GST. CBIC released a clarification notice after its 43rd meeting which was held on May 28 that there will be no GST on the Food supplied to the Aanganwadis, Mid-Day meal & pre-schools. Services provided to the Educational institution by way of serving food are exempted from GST irrespective of Government Grants & Corporate Donations.

IPO

RateGain is Planning for IPO(Initial Public Offering) of Rs1200 Crore

RateGain, Travel Tech Services firm facilitates in revenue management of Travel & Hospitality, e-distribution & Brand Management. Officials of the Company said that the Company is planning for an IPO of Rs1200 crore. In 2015 TA Associates invested $50 million in company for providing software service products. The firm said that its services are used by many top Travel agencies in India. Kotak Mahindra & IIFL lead the IPO procedure.

Tiger Reserve

BharatPe is Likely to Raise $250mn Led by Tiger Reserve

BharatPe, Fintech Major made a record in March this year with 106 million monthly transactions in UPI (United Payment Interface). According to reports, FinTech Giant will raise $250 million in the next funding round initiated by Tiger Global. Fresh Funding of capital will lead the valuation of the Company up to $250 million. The company raised 50 crores in debt from Northern Arc Capital, a Digital Debt Finance Platform.

Retail

Increase in Retail Inflation Witnessed in May

Due to the increase in prices of certain food items Retail inflation for farm & rural workers increased by 2.94% & 3.12% respectively. According to the statement released by the Labour Ministry, the point-to-point rate of inflation based on CPI-AL (Consumer Price Index For Agricultural Labourers) & CPI-RL(Consumer Price Index For Rural Labourers) reached 2.94% & 3.12% respectively. All India CPI-Al & CPI-RL increased at a noticeable margin in the month of May.

Rupee

Rupee breaks its Silence in International Market

On Friday Rupee increased by 22 paise and reached 73.86 against the US Dollar which is due to the increasing momentum in Asian Currencies and reduction in prices of International Crude Oil. Domestic Currency lost 128 paise due to the continuous reduction in eight consecutive sessions. According to HDFC Securities” Aggressive Dollar selling of few banks and the IPO (Initial Public Offering), related capital inflows strengthened rupee.

Sensex

Sensex, Nifty Going for Healthy Correction

Domestic shares are going for Sizeable correction but it has triggered by the Adani group which is a very strong player in the corporate world. In few months many companies have come under the scanner. Nowadays Situation of Domestic shares is related withy many concepts like Ramping up the vaccination program of the Government, Federal reserve Policy, etc. Sensex & Nifty are looking for a sizeable correction due to continuous upsurge.

VIT

Great Job Opportunity for VIT (Vellore Institute of Technology) Students

9,381 placement offers for the students have been given by VIT management. Vellore Institute of Technology is among the top institutes for the highest number of campus placements. Students who belong to different VIT campuses have been offered jobs by the top companies of India & the World. VIT has its own eminence in the field of education & job placements. This is a great opportunity for students in getting job.

PLI

PLI Scheme Will Help Make India Aatmanirbhar in API

According to the research agency ICRA, the Central Government Production Linked Incentive Scheme for major raw materials for Drugs & other Formulations with a stimulus of Rs210 million will be instrumental in Making the Country Aatmanirbhar. According to press notes, the PLI scheme will lead to the declination of import dependence and it will increase the domestic production of High-value products. Some pharmaceutical products also need R & D investment proper research & patents.

MCA

Ministry of Corporate Affairs Eases the Meeting

Board of Companies can organize the meetings related to discussions of Annual Financial statements, Mergers & Acquisitions,.. , The physical mode has been shifted to Virtual mode and the Ministry of Corporate Affairs has also amended the Companies act 2013 giving special focus on “Meetings of Board and its Powers”. According to Some directors” Companies act has always the regulations related to Virtual mode meetings but the main things are the approval of Financial matters.

Shri Research

Shri Research Services Has Been Banned

SEBI has barred the Shri research Services & its proprietor, Gourav Kumar, for giving unauthorized investment suggestions to the customers. The period of banning is of 2 years and the Company has to refund money to the investors. An amount of Rs5 lakh has been imposed and to be pay in 45 days. They are involved in Investment Advisory Activities without getting the Certificate of registration from the Regulator. This violated the regulations of Investment Advisory.

Sensex

Sensex & Nifty Increased Again

Domestic Equities fall due to the recently announced policies of the Federal Reserve. But now it opened positively and the Market is in the Green Zone. At 9:00 am Sensex was at 244.74 points and the nifty increased by 65 points. Asia has mixed reactions ahead of the Policy response as Bourses in Shanghai & Hong Kong ended positively but Seoul & Tokyo were trading in a red zone yesterday but these are in safer zone.

DGCA

Decrease in the Number of Passengers: DGCA

According to DGCA Private carriers like Indigo carried almost 1.6 million passengers in May & Spice Jet carried 1,99,000 passengers in the same period. As far as the Market share is concerned INDIGO & SPICEJET accounted for the market share of 55% & 9.4% respectively. In May only 2.1 million people travelled by air which is 63% less in comparison to April. The reduction in the number of passengers traveling came when Country is Battling COVID.

Sensex

Extension Happened in the Losses of Sensex

Domestic Equity Benchmarks jumped again for the third consecutive day after the weakness of currency happen in the Global markets. The policy released by the Federal Reserve has been settled down in the Global markets and Indian Benchmarks also adopted the condition. Banking stocks suffered losses while the IT industry is recovering from the havoc. IndusInd Bank was the lowest gainer in the Sensex pack followed by Dr. Reddy’s, Maruti, Axis Bank, etc.

Khadi

Downfall Witnessed in Khadi Sales

According to the MSME ministry, Khadi Industries were severely affected by the COVID 19-second wave as Spinning & Weaving industries were affected all over the country. COVID 19 second wave hit the KHADI sector to a great extent as Spinning & weaving are the backbones of the Khadi industry and these are necessary for their overall growth. Reduction happened in both production & sales and lead to the overall contraction of the sector.

Hiring

Indian IT Industry is in Hiring Mode

NASSCOM Indian IT Industry is booming and going to hire more & more staff due to its dominance in all over the world. According to a report, top Indian IT companies are going to hire 96,000 employees in 2021-22. The latest move of IT industry came after the report released by Bank of America that the IT sector is firing its employees. It is a great opportunity for qualified IT specialists to get a well-paid job.

Adani

Adani Group Hit Hard

According to the Bloomberg Billionaire Index, Gautam Adani is losing money continuously as his Personal Finances are plunging. After the release of the Media reports Gautam Adani's rankings in The Global wealth index are reducing and his image has dented. Adani Group shares are decreasing day by day and some days before the shares are competing in the stock markets with the top giants. Indian National Share Depository Frozen the accounts of three Mauritius Based Funds.

Petrol

State-Run Oil companies Raised Prices

Latest Hike has increased the prices of Petrol & Diesel by Rs 6.53 per liter & Rs 6.96 per liter across the country. The main question is that International Oil prices are going down but there is no action taken by the Government as well as Indian oil Companies for a price reduction. Prices are going up simultaneously without any break in different Indian states. Brent Crude oil also witnessed the fall and came at $72.42.

Export

India’s Exports Increased by 46% Between June 1 to June 14

India’s exports reached USD 14.06 billion from June 1 to June 14. According to the Preliminary analysis of Commerce Ministry, the main reason behind this increase is sudden improvements in Shipments of Engineering, Gems & Jewellery, Petroleum Products. Imports also came at 19.59 billion. Exports in the sectors like Engineering, Jems & Jewelry, Petroleum recorded a high growth rate which is giving momentum to exports. An increase in exports after the second wave is good.

Sensex

After Record Rise Sensex, the Nifty Started to Decline

Key Benchmarks Sensex & Nifty which are trading at the record high levels witnessed a cautious move of investors on Wednesday ahead of the US Federal Reserve policy. BSE Index came at 0.51% lower at the day end. Nifty also reduced by 0.64%.PowerGrid was the top achiever of the Sensex pack which was followed by many like IndusInd Bank, Ultratech Cement, Reliance Industries, etc. Indian variables decreased due to the US Federal Reserve Policy on Global Markets.

DAP

Increase in the Subsidies for DAP

Union Cabinet took a major decision in Agriculture Sector to increase the subsidy Rs700 per bag For DAP Fertilizer, which is the second most well-known after urea among Indian Farmers. The main purpose behind this decision is to protect the farmers from its increasing prices which is the effect of the surge in prices of Raw materials Globally. It will lead to the burden of Rs14,775 crore to the Exchequer. The main target is Farmers Welfare.

Economy

Indian Economy Started to Gain Momentum

The week ended June 13 at least the third consecutive week in which Economic Activities sequentially gained Momentum. According to the Data, the Indian Economy started to regain momentum in June but the decline of the Consumer Sentiment is likely to affect the process of Indian Economic Recovery. Unlocking procedures of different states started to increase the Economic Activities at the state level and it will facilitate the easy recovery process.

Microsoft

Satya Nadella will be the New Chairman of Microsoft Corp

On Wednesday Microsoft Corp named its CEO (Chief Executive Officer) Satya Nadella as the new Chairman in place of John Thompson. In 2014 Satya Nadella took the premier position of CEO and contributed a lot to the expansion of the business and billion-dollar acquisitions like Linkedin, Nuance Communications & Zenimax. The top-level changes in the Giant come up after Bill Gates left the Board and emphasized the Philanthropic work of the Bill and Melinda Gates Foundation.

Rupee

There is a Decrease in Rupee against US Dollar

The United States Federal Reserve Policy Announcement affected the Value of the Rupee in the International Market against Us Dollar and it slipped by 1 paise and reached 73.32 against the US Dollar. The loss of The Rupee in the International Market is the main effect of sudden policy Announcements by the Federal Reserve. It also affected the Stock Market Indices like Sensex & Nifty and these indices witnessed a major decrease in the value.

Infra

Repair & Prepare the Infrastructure: PM

As Indian is emerging from Devastating & Deadly Second wave of COVID 19 Honourable Prime Minister of India said that it is time for Repairing & Preparing of Health Infrastructure & Economic Scenario. As we know the poor hit hard from the Second Wave so the Government revealed the Free Food Subsidy programs and additional measures with Fiscal stimulus for the affected sectors. He said that over the past years India witnessed major destruction.

NPPA

NPPA Advised Reduction in the Prices of drugs

NPPA, the Drug Pricing regulator of the Country asked Various Pharmaceutical Companies & makers of medical devices to reduce the prices of products as the Government lowered the GST for the welfare of the Consumers. NPPA (National Pharmaceutical Pricing Authority) declared the notification and said that the lowering of the GST by the Government has an impact on the Maximum Retail prices (MRP) of the Drugs & various Formulations. DPCO Notice suggest that it consists of taxes.

Petrol

There is an Increase in India’s Fuel Demand in June

In June India’s Fuel Demand has regained Momentum as the unlocking procedure of the Different states helped in increasing the sales but consumption is still downward. According to Data Compiled by the State Fuel retailers, Petrol sales have been increased by 13% while diesel consumption was at 12%. Fuel Demand becomes normal in March 2021 but the sudden onset of the virus has affected the sector to a great extent. It is good for recovery process.

Mining

Center is planning for Operationalization of Mining Projects

Central Government is planning for faster green clearances for operationalization of Mining projects including coal. It is the urgent need of the sector as Mining Projects in different states find it very difficult for clearances such as Forest & Environment Department. For faster Environment Clearance & Forest Clearance Ministry of Environment & Forest is doing relentless work. According to the Higher Officials of the Ministry EC & FC clearances can be easily resolved faster.

Retail

A Sudden Decrease in the Retail Sales of May from Pre-COVID Levels

According to the reports of the Retailer Association of India (RAI), there is a 79% decline in the Retail Sales of May in comparison to the Pre-COVID levels in 2019. The major reason behind this fall is the lockdowns imposed in various states. Retailers across different parts of India showing disappointment due to the major reduction. In a Statement, RAI said that various states are likely to open the retail operations in a graded manner.

MOU

MOU has been signed Between Shipping & Civil Aviation Ministries

For Development of Sea Plane Services in India A Memorandum of Understanding (MoU) between the Ministry of Ports, Shipping & Waterways & Ministry of Civil Aviation. The Minsters of these portfolios were present at the time of Signing the Memorandum. Settling of this MoU is a historical step in the realization of seaplanes projects in India. The Memorandum emphasizes the Non-Scheduled & Scheduled operations of seaplane services in territorial Jurisdiction of India.

Export

Exports Increased Again to USD 32.27

In May, India’s exports increased by 69.35% and reached 32.27 billion. The major reason behind this upsurge is the continuous growth in the sectors like Petroleum, Gems & Jewellery & Engineering but the Trade deficit is widening. India’s imports in May 2020 & May 2019 were at USD 22.2 billion & USD 46.68 billion respectively. The trade deficit in May 2020 was at USD 3.15 billion. The rise of exports are due to many reasons.

Farmer

Telangana Farmers is Likely to get Rythu Bandhu Amount

According to the State Agricultural Minster, Nagaland has the highest number of beneficiaries and the Medchal-Malkajgiri is at the lowest. Under the Rythu Bandhu scheme, the State Agricultural Department has decided the disbursement of Funds to the farmers with investment support of Rs 5000 per acre of land. State Finance Minister has decided to facilitate the disbursement of funds faster. Reddy also thanked K. Chandrashekhar Rao

Pharma

Latest PLI Scheme Revealed to Boost Drugs Manufacturing in the Country

Many drug manufacturers have applied through the application for starting a program of Rs15,000 crore worth started on Monday. Central Government has expanded the Performance linked Incentive (PLI) scheme to Pharmaceutical Sector for achieving self sufficiency in drugs. Once known as The “Pharmacy of the world” the Country faced many challenges during COVID waves due to the insufficiency of the Pharmaceutical sector. With great Manufacturing capacities, India is the Largest Producer of Genetic D

Policy

Major Reduction Witnessed in Equity Benchmarks ahead of US Fed policy

The outcomes of US Federal Reserve Policies led to the fall out of Sensex by 90 points on Wednesday. Nifty also fell by 23.55 points or 0.15%. The Sensex Heavyweights were PowerGrid which also fell by 1 % and it was followed by various giants like Dr Reddy’s, Titan, HDFC bank, Reliance Industries. The reduction is also witnessed in Shanghai & Hong Kong while Seoul was gaining with trade. The latest Federal Policy also affected the US equities.

FCI

Central Government Allocated 78,000 tonnes of FCI rice for Ethanol Making

To ensure enough supply of Ethanol for making E-20 fuels by 2023. The Center said that it has increased the Ethanol production by use of grains and allocated almost 78,000 tonnes of rice by State-Owned FCI. The government said that it has approved various facilities for performing the procedure. It is a great push for increasing the ethanol distillation by 2025 as the Administration is targeting 20% ethanol blending with petrol. Achieved target is 8.5%

Panasonic ac

PANASONIC Anti-COVID ACs Witnessed Huge Demand

PANASONIC INDIA, Well-Known Diversified company in Technological Industry introduced the latest range of Air Conditioners which is enabled with unique specialties for fighting the COVID virus. TEXCELL Laboratory France has Finalized the Air conditioners by proper Testing & Trials. According to the Departmental Head Air conditioners PANASONIC INDIA “Sales for our Latest Model gained major consumer attraction.” The Air Conditioners can eliminate the presence of various bacteria, Pollutants

Petrol

Petrol & Diesel Prices Increased Again

On Wednesday prices of Petrol & Diesel prices increased again with a margin of 25 paise & 13 paise respectively. After one-day pause prices hiked again and this is the 25th hike in the prices of fuel. In Delhi petrol has reached Rs96.66 per liter and diesel comes at Rs87.28 per liter.In Mumbai petrol & Diesel came at Rs 102.82 & Rs94.84 respectively. The prices of petrol & Diesel are increasing day by day.

Jubilant Foodworks

Shares of Jubilant Foodworks Jumped in the Fourth Quarter

Shares of Jubilant Foodworks Limited increased by 5% after the company reported its consolidated Net Profit for Fourth Quarter ended March 2021. Jubilant Food works Limited which operates the brands like Dominos Pizzas & Dunkin Donuts is gaining a reputation in its domain. In a regulatory Filing, the Company said that it has witnessed a profit ofRs32.33 crore in January –March Quarter in 2021. JFL Board of Directors also decided about the dividends and the various recommendations.

Retail

Retail Inflation Came at 6 Months High of 6.3%

The tremendous rise in retail inflation has increased the tensions of RBI (Reserve Bank of India). The simultaneous rise in the prices of protein-rich items & Edible oils has increased the Retail inflation to 6.3%. Central Government asked the RBI to keep the inflation at 4 % and a margin of 2% on either side. There is a continuous rise in the Wholesale Price Index and Consumer Price Index by 12.94% and 4.23% respectively. The previous surge in Retail prices was at 6.93%.

Trade

The world has to Separate the Trade Policy & Green Goals: Piyush Goyal

On Monday Commerce & Industry Minister Piyush Goyal said that World has to separate the trade policy & Green goals. He said that I hope that the developed countries of the World will not play the interchange of trade & green policy. He is also expecting that the Giant credit rating agencies like IMF(International Monetary Fund) would support the nations in these desperate times and do not determine the developed & less developed companies.

IOB

IOB has Q4 Net Profits at Rs350 Crore

Indian Overseas Bank, State-owned witnessed a major increase in the profits after tax and reached Rs350 crore. It is basically due to the higher growth in other income & improvement in the asset quality. According to the Managing Director & CEO” There is a significant improvement in all the financial parameters but our Asset Quality has witnessed a major declination.” Bank has revealed a yearly net profit of Rs831 crore for the year ended March 31. In FY21 it witnessed a loss of Rs 8,527 crore.

Ecosystem

COVID 19 Improved Indian Ecosystem: Kiran Mazumdar Shaw

The advent of COVID led to the production of effective vaccines in less time like COVAXIN, GenovamRNA program, etc. India has also approved various vaccines. At India-US Pharma summit at Boston. BIOCON chief Kiran Mazumdar said that COVID 19 has created an Ecosystem of innovation in India. According to PTI Mazumdar cleared that the whole motive is to generate an innovative ecosystem in India which COVID has created much before.

Gold

Gold Hallmarking will be Mandatory From Today

IN the last 5 years Government Hallmarking Centres have increased by 25% and with the existing capabilities of certification Centers, the country has the potential to hallmark about 14 crore articles per year. Hallmarking on Gold jewelers & their related items set to become essential from Tuesday as the Government has already extended the deadline to June 1. Proper Committee which is headed by the Director of BIS (Bureau of Indian Standards) will review the proper implementation of this policy.

WTO

WTO will Meet Different Trade Ministries on July 15

According to sources, WTO (World Trade Organization) Chief has organized a key meeting on July 15 of various Trade Ministries to decide about the subsidies given in Fisheries. The motive is to Finalize the negotiation faster so the agreement can be prepared for the forthcoming meeting of the WTO in December. Negotiations are in the faster mode. The main motive of these negotiations is to establish a mechanism for sustainable Fisheries subsidies

DHFL

Exchanges will Discontinue Trading in DHFL Shares From Monday

Leading exchanges of BSE & NSE will stop their trading activities in DHFL (Dewan Housing Finance Limited) shares from Monday. The motive of the decision is to avoid the Market complications as the National Company Law Tribunal Finalized the resolution plan of Piramal Group for the DHFL. The resolution plan has the provision of delisting the shares. As per the notice, the value was attributable to equity shares as per the estimated liquidation value of the company under the provisions

Recovery

Economic Recovery is Leading to Income Inequalities: FORMER RBI GOV

Former RBI Governor and Veteran Economist D.Subarao said that the condition is going towards “Extreme Unevenness” as the income inequalities between the upper segments of the society & lower segments of the society are increasing day by day and it will affect the Future Growth prospects of the country. He said it is an Uneven Recovery as the increasing liquidity & Foreign Fund inflows are soaring the stock market prices of the country despite the COVID disruptions.

Capital

Central Government may Regulate the Load Capital Provisioning for PSBs

As we are aware of the plan that Central Government has decided to privatize at least two State-Owned banks this fiscal it will also consider the front load capitalization of state-owned banks so their balance sheets remain strengthened amid the possible sales expectation. Front Loading of capital will help the Public Sector Banks incoming at the road of recovery as the COVID pandemic pressurized the Banks from Credit side and the implementation of the Government policies.

Export

Exports will Help the Small Businesses

The second wave of the pandemic has affected the production & sales of the vehicles. A slight increase in the export orders and the relief measures decided by the Government for the Manufacturing & Automobile Industries helped small automobile industries to recover from the pandemic shock. The decision of some states to open the factories & various industries with proper precautions give hope to India's Manufacturing sector. Small Industries involved in these manufacturing activities

NTPC

NTPC Demanded Eol (Expression of Interest) for Hydrogen Fuel cell-based Pilot Projects

In a statement released on Monday Power Giant NTPC said that it is going to establish Hydrogen Fuel Cell-based pilot projects and showed a Global Expression of Interest(EOI). By these projects, NTPC is looking forward to strengthening its footprints in Global Green & clean fuel energy. It will collaborate and commercialize the projects with other companies. The power giant is looking to use Hydrogen based fuel cell electrolysers for the motive of establishing power backup systems in the future.

Sensex

Sensex Decreased over 185 Points in starting Trade

Equity Benchmarks Sensex dropped over by 185 points in starting trade on Monday as Index Heavyweights like HDFC twins, ICICI Bank & SBI witnessed a major decrease in their shares. Bajaj Finance witnessed a major decline and get down by almost 1.65%.In contrast to ONGC, TCS Bajaj auto was the top gainer in the list. FII(Foreign Institutional Investors) are the major buyers in the capital markets as they brought shares of Rs 18.64 crore on Friday.

Amazon

CAIT Started to Fight for Amazon & Flipkart

According to the Confederation of All India Traders (CAIT) that the foreign-funded e-commerce companies are indulged in unethical business practices for many years and the main motive of these practices is to control the major portion of Industry or dominate the Industry. In the above lines, the premier agency has launched “e-commerce purification Week” and it gets supported by major Indian traders. During this week the trade organizations will hand the memorandum

Max Life

The Stake of Axis Bank in Max Life is Likely to Increase

According to the CEO of the insurance company in the upcoming 12-18 months Axis Bank is likely to increase the stake by 20%. Axis Bank has two subsidiaries Axis Securities Limited & Axis Capital Limited and collectively took the stake of Max life insurance approx. of 12.99%Axis Bank is likely to increase the stake in parts as we see the current stake is about 13% and the remaining 7 will be in the upcoming months.

Rupee

Rupee Decrease by 14 Paise Against US Dollar

Foreign traders said that the weak Asian Currencies and the greenback in the international markets decreased down the rupee in early trade. The simultaneous increase in crude oil prices and the weak domestic equities lead to the decrease in rupee value against the US dollar and it finally came at 73.21. According to Reliance Securities, Asian Currencies witnessed a fall on Monday due to continuous slowdown.

Climate

Why Major Economies are not Giving Attention to Climate Change?

In a G7 Meeting at Cornwell, Climate Change is the burning topic Leaders of the richest countries of the world have agreed on various theories and said to achieve the target of Net Zero Emissions by 2050. It will lead to change in the methods of working by the industries related to Fossil fuels. Recently, a report released by International Energy Agency and said that the Countries should ban Projects related to fossil fuels.

Electric Car

Higher Subsidies Can be a Firebrand for EV’s

On Saturday it was regarded as the “Phenomenal Move” by the Central Government of Giving the subsidy under the FAME 2 scheme. This is an increase of 50% in subsidy and it will increase the adoption of Electronic Friendly vehicles. Central Government has revealed the partial; notification of the FAME scheme (Faster Adoption & Manufacturing of Electronic Vehicles) in India. The demand incentive of Rs15000 for two-wheelers is a game-changer. The decision will boost the EV sector in India.

Parliament

Central Government asked Ministries to Reduce Expenditure

As India recently witnessed the second deadly wave of COVID pandemic, the Indian Government said all the Ministries & various Departments to reduce the expenditure by 20%.Expenses like domestic & foreign Travel, Overtime Allowance, Office expenses, etc. The official notice was released by the Department of Expenditure which comes under the Finance Ministry on June 10. Besides these expenses Expenditure department also notified the Ministries for expenses in Royalty, Publicity & others.

Pharma

India’s Pharmaceutical Sector Growth Accelerated in May

According to India Ratings & research agency, Low base effect is the main reason behind the acceleration of the sector in May. Acute therapies and various types of drugs vitamin tablets which were sold in huge numbers in the COVID times helped the pharma sector in attaining sustainable growth in desperate times. According to estimates of the research agency the market of the pharma sector in India will grow at 8-10% in FY 2021-22 and it is beneficial for the economy.

CAIT

CAIT Suggested Commerce Minister for Starting CCI (Competition Commission of India) Probe

Karnataka High Court Dismissed the petition filled by Amazon & Flipkart, in the above lines, CAIT(Confederation of All India Traders) set communication with Union Commerce Minister Piyush Goyal for initializing of the direct investigation by CCI(Competition Commission of India) in this case. CAIT also said to issue a press release that FDI policy will continue with its monitoring system and the regulations of the Country remains the same no one can dare to break the law.

Power Grid

Indian Power Corporation Made Tremendous Profits in FY21

On Saturday Indian power Corporation Limited revealed that there is an increase of 60% in the after-tax profit and it reached almost Rs26.66 crore in the Year ended 31 March 2021. Indian power increased its sales by 2 million in 2020-21 despite the severe effect of the pandemic. According to the Company, We have added the number of consumers across voltage levels and it leads to the acceleration in sales growth from the second quarter onwards.

Firm

Five Among the Top 10 Valued Firms Added Above than Rs1 Lakh crore

Information Technology Giants TCS & Infosys contributed a lot in increasing the market valuation as Five of the top 10 companies added Rs1,01,389.44 crore The heavyweights in the market valuation are the reliance industries, TCS, Infosys, Hindustan Unilever while HDFC, ICICI Bank, State Bank of India witnessed sudden fall in the market valuation. TCS is the biggest gainer and a major contributor to market evaluation among the top 10 companies.

Steel

Steel Authority of India will Break Down its RMD Headquarters

Bad news for the contractual employees as SAIL decided to dissolve its Kolkata-based RMD headquarters. It is shocking news for the employees working under the raw material division of SAIL. The RMD division of SAIL will be shifted to Rourkela and the contractual employees working in the Kolkata-based RMD headquarters would be shifted to this division. Section of the employees working in the SAIL has approached the high officials & West Bengal Chief Minister.

GST

GST Council Took Major Tax Decisions

Union Finance Minister Nirmala Sitharaman announced a significant tax deduction on the COVID management equipment like Medical Oxygen, Oxygen Concentrators, Bipap machines, High Flow nasal canula, Pulse oximeter, Ventilators & various types of medicines from 12% to 5%. The cut in the taxation on the COVID management equipment is a game-changer in fighting the virus effectively. India witnessed a severe shortage of medical equipment

Cement

Adani Enterprises Incorporated the Latest Cement Business

On Saturday, Adani Enterprises Limited incorporated Adani Industries Limited which is a wholly-owned subsidiary to manufacture all types of cement. In a form filled to BSE, it said the incorporated company will commence its business and it has owned on June 11, 2021. The new company will work in all domains of cement whether it is manufacturing, producing & processing, etc. The company will look forward to the expansion process of the cement domain in various parts.

Farm Tech

Government Allotted Funds For Farm Mechanization

To empower the farmers through the sub-scheme of Agricultural Mechanization India Central Governments has released the funds to different states for the fulfillment of various purposes in agricultural activity. Activities for which the funds were allocated are the establishment of the custom hiring centers, Farm-Machinery banks, High tech hubs, and the allocation of different agricultural machinery for optimal growth.

Passenger

COVID Affected Passenger Vehicles Sales

COVID has affected the economic volatility and reduced the sales of passenger vehicle sales by over 61%. Base year effect, Low rate interest, and additional Government give an increase to the demand for Passenger Vehicles in May. The sales of Passenger Vehicles has increased in the period of May in comparison to last year. The Society of Indian Automobile Manufacturers said that these data include some key players of the market including Tata Motors.

RBI

RBI Increased the Risk-Based Internal Audit Systems

RBI has extended the period of Risk-Based Internal Audit systems to enhance the quality of auditing and choosing the HFC(Housing Finance Companies).RBI has put additional measures in the system of Risk-Based Internal Audit systems to choose NBFCs(Non-Banking Finance Companies) and urban cooperative banks by March 31, 2022. Provisions will be applied for all deposit HFCs(Housing Finance corporations) & Non-Deposit HFCs(Asset size of 5000cr & above) irrespective of their size of business operation

Indian Railway

Piyush Goyal Considered Monsoon Preparation of Indian Railways

Piyush Goyal has several key Portfolios of Ministries like Railways, Commerce & Industry, Food & Public Distribution. He reviewed the monsoon preparation of Indian railways on 10.06.2021. He said that Railways needed to fully prepare for the upcoming monsoon. He asked IIT Bombay and other prominent institutions of the country to study the architectural & civil framework of Indian Railways to cope up with the Monsoon.

GST

GST Council Will Meet Today

The GST council will meet on Saturday Under the Chairmanship of Union Finance Minister Nirmala Sitharaman for deciding on the effective taxation rate & Supply of the COVID essentials like Drugs & Medicines etc. Medicines for the black Fungus disease will also be monitored under the subsidy rates. COVID management things are Testing Kits, Essential drugs like steroids & Remdesivir, Ventilators, Oxygen Cylinders, etc.

Arrest

IL & FS Former Chairman Arrested

Economic Offences Wing (Chennai) arrested the Former Chairman of IL&FS Ravi Parthasarathy. IL&FS group has more than 500 companies. Ravi Parthasarathy was the mastermind of scams worth of crore including IL&FS & ITNL. The FIR(First Information Report) is filled by 63 Moon Technologies which lost several crores of rupees in this scam. FIR is registered under the viable sections of the Indian Penal Code.

ATM

RBI is Likely to Change the ATM Cash Withdrawal Rules

The changes were considered due to the recommendations of the Indian Banks Association which was set up in June 2019, it is basically to analyse the entire gamut of ATM transactions & their process. On Thursday RBI released new guidelines for cash withdrawal. It is an increase in the interchange fee per transaction, with no permission limits. According to Central Bank “ The recommendations of the committee were examined and the latest guidelines regarding the processing of ATMs taken.

Oxygen Plant

NCL Allocated Money to Build Oxygen Plants

In different medical colleges of Madhya Pradesh, Coal India major NCL(Northern Coal Fields) decided to distribute Rs 10 crore for the setting of the oxygen plants. Northern Coalfields Limited CMD & Director of the company handed a cheque of Rs10 crore to Shivraj Singh Chauhan in MPs capital Bhopal. NCL said that the company is going towards fulfilling the objectives of CSR(Corporate Social Responsibility) and maintaining coal stability in these desperate times.

Forex

Indian FOREX Reserves Crossed the Border of $6billion

According to the weekly supplement of RBI India’s forex reserves have crossed the mark of $6billion and reached $6.842billion.The largest part of the foreign reserve which is FCA is also gaining momentum to the forex reserves. Gold reserves & SDR in the country fell but FOREX reserves are increasing after the unlocking process of the government, the main reason is the infusion of foreign capital and bullish stock markets which is giving power.

Wazirx

ED (Enforcement Directorate) Issued a Notice to WazirX

Bad news for Zanmai Labs Limited (WazirX), as ED(Enforcement Directorate), has issued a show-cause notice to the company and its directors under the FEMA act (Foreign Exchange Management Act). WazirX is a prominent crypto exchange platform and recently collaborated WITH moneycontrol. The exchange platform is found to be involved in Chinese online betting and the investigation is initiated under the FEMA act (Foreign Exchange Management Act).

Coal

COAL Sector is Facing Desperate Situations in Global Markets

On Thursday Government of India that the Coal Sector in the country is witnessing unfavourable situations in international markets due to many reasons. This is the major cause that the Global Companies are not participating in the Commercial Coal Mine auctions. The issue come to notice after COAL Minister Prahlad Joshi said that there will be the participation of Global players in the next round of auctions.67 blocks are for sale in the process.

ICRA

FY 21-22 Growth Forecasted at 8.5%: ICRA

According to the rating agency ICRA Indian GDP growth in the fiscal year, 2022 will be 8.5%. The year-on-year growth of GDP and GVA (Gross Value Added) will remain 8.5% & 7.3% respectively. ICRA is expecting the GDP growth will exceed the GVA by 120 points due to the value of the taxes & subsidy on products. ICRA also considered the food subsidies which is given by the Government of India. ICRA said that the Second COVID wave will impact consumer sentiment.

Agriculture

Rise in India’s Agriculture Exports 17.34% at $41.25bn in 2020-21

The export of India’s Agriculture & Allied products witnessed a tremendous increase of 17.34%. Huge growth has been seen in the exports of cereals, non-basmati rice, millets, maize, and different coarse grains. The largest market for India’s agricultural products is in the US, Bangladesh, UAE, Vietnam & Saudi Arabia.18 Indian states have also finalized the implementation of the New Agriculture export policy.

Fashion

Indian Fashion Industry Witnessed Growth by 51%

The new policies of the Central Government in the e-commerce domain have increased the growth rate of India by 51% as the Fashion Industry has full potential to push the economic growth of the country. Brands have witnessed an increase in orders after the unlocking process of the Central government. Kidswear witnessed a growth of 200% growth rate in online growth. These numbers are released by “Fashion e-commerce Report” which is published by Unicommece .e-commerce focused supply chain.

Revenue

The Third Instalment of Revenue Deficit Released

On Thursday the Finance Ministry released its third monthly installment of revenue deficit to 17 states worth 9,871 crores. This is the third monthly installment of Post Devaluatiopn Revenue deficit. The central government provides the grants of PDRD under article 275 of the Indian Constitution. These grants are released as the recommendations of different state Finance commissions to tackle the gaps of revenue accounts of different states after the post devaluation period.

Sensex

Sensex Witnessed a Fall as Pharma Stocks Fall in the Market

With Uncertainty in Asian Markets Sensex's value has decreased due to the instability in the stocks of Pharmaceutical & Financial stocks. BSE Sensex increased by 358.83 points. For a full day, it witnessed the swing of Highs & Lows. Bajaj Finance comes at the top in the Sensex Chart NSE Nifty also witnessed a surge in its values. After the release of US inflation data and policies of the European Bank, Asian Investors are optimistic about Indian Equities & investing aggressively.

Automobile

Automobile Sector Hit Hard by COVID 19

The total Vehicles Registrations of India in May stand at 54.79 it was released by the Federation of Automobile Dealers Association (FADA) and showed a major decline. There is a reduction in tractor sales in urban areas. Personal vehicle registration also witnessed a major decline and come at 63.70%.TWO wheeler registration fell by 52.52%. The COVID has affected the Retail Sector in its various segments

Petrol

Petrol Comes at Rs100 per Liter in Bengaluru

Diesel prices are also going around Rs100 a liter and it is the first time in the country. In Rajasthan Ganganagar, it is at Rs99.80 per liter. The city witnessed a major spike in petrol prices and it is highest in the country at Rs106.94 per liter. There is no pause in the uptrend of the fuel prices owing to the instability of International crude oil prices and in some states, it has crossed all the price borders & limitations.

Home

Second COVID Wave Affected HomeBuyers Plans

BookMyShow, Online Marketplace laid employees during desperate COVID times which make almost 18.6% of its workforce. Currently, the company has 1,068employees. Ashish Hemrajani CEO of BookMyShow said that we fired 200 employees from our various offices worldwide due to a decrease in the business of the Company due to the attack of the COVID pandemic. He said that the Second Wave has severely affected the operations. He tweeted for asking for the help of the laid-off workers in another company.

Book my show

Firing of Employees at BookMyShow

BookMyShow, Online Marketplace laid employees during desperate COVID times which make almost 18.6% of its workforce. Currently, the company has 1,068employees. Ashish Hemrajani CEO of BookMyShow said that we fired 200 employees from our various offices worldwide due to a decrease in the business of the Company due to the attack of the COVID pandemic. He said that the Second Wave has severely affected the operations. He tweeted for asking for the help of the laid-off workers in another company.

WTO

WTO (World Trade Organization) Increase the Talks Over COVID Vaccines Protection

As we know that Developing Economies of the World push the proposal in WTO to ease the COVID 19 patent rules & other regulations as it will help gain access to COVID vaccines to various countries. Developed & richer countries opposed the proposal. On Wednesday World Trade Organization (WTO & its member countries decided to intensify the talks over COVID 19 medical products rules & regulations. The main goal is to put the COVID vaccines in the mainstream world.

Transport

Clean Mode of Goods Transportation is Needed

According to a Report, Indian can save its logistics worth Rs311 lakh crore by 2020 to 2050 utilizing the clean & cost-effective mode of transportation and it can save 10 gigatonnes of cumulative carbon dioxide emission in three decades. The report is named “Fast Tracking Freight in India: A Roadmap for clean & Cost effective.” As the demand for Goods & services are increasing and it leads to increase the demand of fright services.

RFCL

Cabinet Confirmed the Extension of New Investment Policy to RFCL

On Wednesday Government has upgraded subsidy benefits under the amended New Investment policy 2012 to RFCL (Ramagandam Fertilisers & Chemicals Limited) which is located in Telangana. The decision was taken under the Chairmanship of the Honourable Prime Minister. After the meeting, Prakash Javdekar addressed the media & said “The amended New Investment Policy act 2012 which was brought in 2014 is generally applicable to factories which are established till 2019, RFCL was established in 2021

Reliance Jio

Reliance Jio Help Users in Fnding COVID 19 Vaccines Details

This service is made for WhatsApp and it has other features like recharging, making payments, getting the answers, etc. Giving brief details about the service Reliance Jio said that its users can know the availability of vaccines by messaging” Hi” to 7000770007. It is not like another online portal on this platform users can check the availability of vaccines by searching the vaccine centers. Till now India has administered 240 million vaccine doses to all its eligible beneficiaries.

automaker

Automakers Started to Work as Lockdown Ease

As the unlocking process of the Central Government has started and Automakers started to make their targets high as Maruti Suzuki, India’s top carmaker is likely to produce 1,65000 -169000 cars in June and increased its capacity to 1,74,000 vehicles in July. The top car maker company is hoping that sales will likely boost in the upcoming months as various State Governments started graded unlocking. The company will expand its manufacturing capacity in the upcoming time.

Vaccination

Faster Vaccination Coverage is Essential for Gaining Economic Momentum

On Wednesday Finance Ministry said that faster vaccination coverage of the country’s population is essential TO REGAIN ECONOMIC RECOVERY. As the economic activities are related with lockdowns & pandemic. To improve the investment cycle in the upcoming time vaccine prioritization and the measures declared by the Central Government & RBI(Reserve Bank of India) needed faster implementation. State-level lockdown restrictions reduced the growth of Industrial & Manufacturing activities in the current

White House

White House Cancelled TRUMP Orders of Banning TikTok, Wechat

US President’s House Officials on Wednesday said that the WHITE HOUSE cancelled the orders of the TRUMP era to ban popular apps like TikTok & Wechat and now they will conduct their research on the topics of National Security & Cyber breaches. The order describes the new “Evidence-based ” research analysis of these apps according to their manufacturing & dissemination of Information. The senate Passed the bill with the motive of increasing semiconductor production in the US.

Wheat

Record Buying of Wheat Government at MSP (Minimum Support Prices)

On Wednesday Central Government has procured 418.47 lakh tonnes of wheat in the current marketing year and it cost 82,684 crores. The tremendous procedure of wheat procurement has happened during the farmer's protest against the Farm bills. Farmers are continuously protesting against the three latest farm laws and they want a guarantee of MSP (Minimum Support Prices). The procurement process of wheat is going smoothly in the states like Uttar Pradesh, Bihar, Rajasthan, Gujarat, etc. Government p

1MG

Tata Digital acquired a major portion of 1MG

TATA DIGITAL, a wholly-owned subsidiary of Tata Sons acquired a major stake in 1MG Technologies Limited, Online Healthcare Marketplace. The Financial details of the transactions are not disclosed. In pandemic times Telemedicine, E-Diagnostics, E-Pharmacy, E-consultation are becoming a major part of the Healthcare ecosystem and the need of the current scenario is the Digitization of the Healthcare System.

Mutual Fund

Capital Flows in Mutual Funds Equities Come at 14 Month High

We are witnessing the bursting of stock markets as Equity benchmarks Sensex & Nifty are creating daily records due to the infusion of a large amount of money by mutual fund investors in various Equity schemes Net inflows reached 14 month high worth of Rs9,235.48 crore in May. Simultaneous increase of net inflows in Equity Mutual fund schemes show the optimistic nature of investors in these desperate times. Increasing confidence of people in the stock market is due to high performance.

World Bank

A Big Opportunity for Youngsters in Corporate World

According to the recently conducted survey of Mercer Mettl, 60% of the companies are looking to hire fresh talent for business operations & different positions. HR(Human Resource) managers are optimistic and hoping to return to the optimal hiring levels of the companies. Now the interview mode is not physical in the case of many companies it becomes digital and Virtual Hiring is the most emerging method which is used by the HR manager in these desperate times.

Domestic Exporters

EU(European Union), India Trade Agreement is Likely to be Beneficial for Domestic Exporters

The latest agreement between the EU & India will benefit the domestic exporters, as the EU is one of the biggest traditional markets of the country. Trade Promotion Council of India (TPCI) organized a panel to discuss the EU-India trade relations. The Indian industries are in an optimistic mood as the EU is the biggest traditional marketers for exporters and it has the potential to give a major turnover. India needs to study the EU-Vietnam & EU-MERCOSUR agreements deeply.

World Bank

World Bank Forecasted the Growth at 8.3%

According to World Bank” In the fiscal year, 2022 economic situation can be recovered by policy support, increase in the industrial & manufacturing activities, rural development, providing fiscal stimulus to COVID affected sectors, Increase expenditure on infrastructure & Health, etc.” World Bank decreased the prediction of growth from 10.1% to 8.3% as the second wave of COVID 19 devastated the economic recovery process

RBI

RBI (Reserve Bank of India) Said Banks to keep the CCTV Recordings of the Demonetization Period

As Enforcement agencies are going to take action against the people involved in illegal currencies, RBI asked banks to keep the CCTV recordings of their branches which were recorded during the demonetization period. Based on these inputs Enforcement agencies can track the persons who are involved in the case of illegal currencies. The government has introduced the Demonetization policy on 8 November 2016. The main motive behind this decision is to curb the Black money transactions, Hawala, etc.

Factors

Factors that guide the markets today

Despite the desperate conditions of the Indian Economy as various International rating agencies decreased their ratings but the prioritization of the vaccination process, less number of COVID cases are pushing the stocks markets to grow day by day. At 7.40 am SGX Nifty was at 10 points higher and come at 15,778. Yesterday India reported COVID cases of less than 1 lakh in a day and mortality rates are also reducing.

Sensex

Sensex, Nifty is Showing Positive Signs

Due to strong Foreign Capital flow Equity Benchmarks, Sensex & Nifty is going high again on Wednesday and started as a positive trend. ONGC is the Sensex heavyweight and it was followed by SBI, HDFC twins, Dr. Reddy’s, etc. According to the Head of Reliance Securities “There is a continuous positive trend in the Domestic Equities due to the Unlocking process of the Central Government, Increasing the speed of Vaccination In urban & rural areas and recovery measures of the Central Government.