DIVISIVE BILL
Consolidation push to continue as key raw material gets scarce: 11 small cap cement stocks which fit the bill and may see some action
In less than a month, two cement majors clearly showed their intent. The intent is to grow through an inorganic route. One by complete acquisition, the other by taking a large stake in the company. Another common thing, both of them are focussed on the southern part of India, where the cement companies have a history of being under pressure. So why are they looking toward southern India? The answer lies in something else. It is one of the key raw materials that have become scarce and that is what is leading to a situation where big players clearly know that if they have to grow their capacities they have to pick on companies which have access to that critical raw material. This aggressive consolidation is likely to continue and it is the smaller players which are likely to be targeted.
Samsung launches made-in-India Galaxy F55 5G smartphone
Samsung launches the Galaxy F55 5G smartphone in India, targeting the Rs 20,000-30,000 segment with premium features and a focus on product differentiation and 5G adoption.
Bifurcation blues: 10 years later, several issues remain unresolved between AP, Telangana
After a decade, Andhra Pradesh and Telangana still face unresolved issues post-bifurcation, including asset division and power bill dues. Hyderabad's transition to Telangana on June 2 as per the AP Reorganisation Act 2014 remains complex. Challenges persist in dividing Schedule 9 and Schedule 10 institutions, influenced by the Sheela Bhide panel's recommendations and disputes over employee transfers.
Israeli PM presses bill on drafting ultra-Orthodox Jews into military
Israeli Prime Minister Benjamin Netanyahu plans to present a controversial bill to conscript ultra-Orthodox Jews into the military to a ministerial committee, aiming to bridge societal and political divisions. The bill, which has caused protests among ultra-Orthodox Jews, is sensitive against the backdrop of ongoing conflicts that have led to significant Israeli casualties. The exemptions for ultra-Orthodox and Arab minorities from military service have long been debated, with critics arguing that they contribute to a growing welfare burden and economic inefficiency.
Protesters throng streets of Georgia's capital after parliament passes so-called 'Russian law'
Georgia's parliament has approved a "foreign influence" bill, which critics argue is a Russian-style threat to free speech and the country's aspirations to join the European Union. The bill requires media and nongovernmental organizations to register as "pursuing the interests of a foreign power" if they receive more than 20% of their funding from abroad. The opposition has denounced the bill as "the Russian law" because Moscow uses similar legislation to crack down on independent news media, nonprofits, and activists critical of the Kremlin.
Pakistan-occupied Kashmir's capital witnesses clashes amidst total strike against police crackdown
Strike in Muzaffarabad, PoK by JKJAAC led to clashes and teargas shelling. Normal life disrupted with closures of businesses. Demonstrators protested against police crackdown, demanding fair electricity prices based on hydro-power production cost.
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Worrying vaccination gaps come to notice after post-Covid measles spurt forces a data relook
A relook at the survey data was necessitated by instances of repeated measles outbreaks after the COVID-19 pandemic, the report by (by Rema Nagarajan) said.
Pakistan: Electricity bills to rise as govt set to privatise power distribution companies
Pakistan finalises plan to privatise profit-making power companies, potentially raising electricity prices. Shehbaz-led coalition government to oversee privatisation. New 12-member board formed for the process. FIA officers deployed to curb power theft, aiming to recover losses.
Antony Blinken meets with China's President Xi as US, China spar over bilateral and global issues
U.S. Secretary of State Antony Blinken met Friday with Chinese President Xi Jinping and senior Chinese officials, stressing the importance of "responsibly managing" the differences between the United States and China as the two sides butted heads over a number of contentious bilateral, regional and global issues.
Election Commission nudges Prasar Bharati against airing PM Modi-Bill Gates interaction on Doordarshan
The Election Commission of India informally discouraged Prasar Bharati from airing the interaction between Prime Minister Narendra Modi and Microsoft founder Bill Gates on March 29. While the ECI didn't formally respond to Prasar Bharti's proposal, it conveyed that airing the interaction could disrupt the level playing field during the general election campaign under the Model Code of Conduct.
Godfrey Phillips to exit retail business division ‘24Seven’
Tobacco manufacturer Godfrey Phillips India Ltd has decided to exit its retail business division, 24Seven, after a negative net worth as of March 31, 2023, following losses. The decision was made after a thorough review of the division, considering stakeholders' feedback, long-term performance, market conditions, and long-term business strategy.
Members of Nagaland assembly raise concern over Assam Healing (Prevention of Evil) Practices Bill, 2024
The bill recently passed by the Assam assembly wants to eradicate non-scientific healing practices with ulterior motives. As per the Bill, no person shall take any part in healing practices and magical healing propagation for treatment of any diseases, any disorder or any condition relating to the health of a person (relating to human body) directly or indirectly giving a false impression of treatment to cure diseases, pain or trouble to the human health.
Assam cabinet okays bill to ban 'magical healing'
The proposed bill seeks to "prohibit and eliminate practices of magical healing in the name of treatment of some congenital diseases such as deafness, dumbness, blindness, physical deformity and autism".
Madras HC dismisses appeals of Indian startups against Google's billing policy
The Madras High Court had in August 2023 dismissed petitions by the companies which included the likes of Bharat Matrimony, Shaadi.com, Unacademy as well as seeveral others against Google’s in-app billing policy.
Nuclear energy players need to take 90% uranium price spike bill or shut plants
The price of uranium has increased by 90% in 12 months, surpassing its cost in 16 years. Shutting down a nuclear power plant is costly and time-consuming, with daily costs reaching $1 million. However, the demand for uranium is rising due to the need for low-carbon power sources. Countries like France and the UK are reconsidering nuclear energy and expanding capacity. The global uranium supply is facing a deficit, with a shortage of enriched uranium as well. Hedge funds, ETFs, governments, and utilities are all vying for uranium, leading to price increases in the market.
NFL week 18 may decide NFC South, AFC East, AFC South, NFC East divisions. Here's How
NFL week 18 games could decide play offs spots in NFC South, AFC East, AFC South, and NFC East.
BJP MP introduces a bill in Rajya Sabha to repeal Waqf Act
Uttar Pradesh Rajya Sabha member Harnath Singh Yadav introduced a private member's bill to repeal the Waqf Act, 1995. Opposition parties opposed the bill, but the chairman sought division of votes. The treasury benches supported the bill, while Congress, RJD, AITC, and NCP opposed it. Yadav hoped for discussion on the bill in the coming days.
Delhi HC allows Google to withdraw its appeal against order on billing system
The permission came after senior counsel Sajan Poovayya, appearing for Google, sought withdrawal of its appeal on the grounds that the CCI is already hearing the Alliance of Digital India Foundation’s (ADIF) plea.
What are OPEC and OPEC+ and how do they affect your oil bills?
OPEC was founded in 1960 in Baghdad by Iraq, Iran, Kuwait, Saudi Arabia and Venezuela with an aim of coordinating petroleum policies and securing fair and stable prices. Now, it includes 13 countries, which are mainly from Middle East and Africa. They produce around 30% of the world's oil.
Centre notifies new criteria, 1st division mandatory in Bachelor's and Master's for IIM directors' post
Under the new rules, the eligibility for appointment as an IIM director now will be having a "distinguished" academic record with "first class degree in both Bachelor's and Master's level, and with PhD or equivalent from a reputed institute".
World Rugby announces groundbreaking revamp of Men's International Calendar
World Rugby has announced plans to overhaul the global rugby calendar, introducing a new tournament in 2026. The tournament will consist of 24 teams in two divisions, with promotion and relegation mechanisms coming into effect from 2030. The top division will include teams from the Six Nations and Rugby Championship, as well as two additional teams. The changes will also impact the Women's rugby calendar, eliminating scheduling overlaps. World Rugby hopes the reforms will provide increased opportunities for emerging nations and foster a more competitive and inclusive environment.
World Rugby announces new international competition, Know teams, divisions, time, other detail
In an attempt to overhaul the competition and take it out to other regions, World Rugby has decided to hold a new competition beginning this year. Besides teams from the Six Nations and Rugby Championship, other teams will be included. Know in detail.
Women’s Reservation Bill: Now to hear her voice
The 27-year odyssey of this law shows both how difficult it has been to arrive at this point and the breakthrough it represents. The proposals themselves were not inclusive enough. Some parties did not exert any political capital, or deliberately derailed them into other partisan agendas of caste and religious divisions. Overcoming all these hurdles is a singular achievement in itself.
Pakistan ministries owe over PKR 98 million in unpaid electricity bills
Amid the Pakistan public is agitating against the inflated electricity bills, a reports revealed that the Pakistan Prime Minister has unpaid PKR 9,819 in terms of electricity bills
Petrol and diesel prices cross Rs 300 mark in Pakistan
The caretaker government in Pakistan has increased petrol and diesel prices by over 14 Pakistani Rupees (PKR) due to the "increasing trend of petroleum prices in the international market and exchange rate variations." One litre of petrol will now cost 305.36 PKR, and the price of high-speed diesel will be 311.84 PKR.
Buffalo Bills vs Indianapolis Colts: Bills Stadium construction disrupts fan Weekend Camping; Here’s all you need to know about traffic patterns
As construction of the new Bills stadium gets into full swing, fans accustomed to weekend camping have been left without their usual parking lot.
What is Delhi services bill: Why is opposition up in arms against it?
The Lok Sabha passed a bill to replace the Ordinance amid unrest by opposition parties. The ordinance was enacted by the central government on May 19, a week after the Supreme Court gave the control to Arvind Kejriwal-led Delhi government over services. The Delhi services bill's contentions include firm control over the capital's officers' suspensions and inquiries.
NASA sends powerful new instrument to space to track air pollution
The US space agency on Saturday launched a powerful new instrument into space to track air pollution, which would provide unprecedented resolution of monitoring major air pollutants.
Latvians in trouble: Heating bills set to get doubled. Find out why
Riga’s electricity company, JSC (RS), plans to increase the tariff for heating by 118% (more than double) as per the company’s proposed tariff rates.
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