IMPACT
Suzuki launches Rs 340 crore investment vehicle Next Bharat Ventures for Indian startups
The company will invest in firms through a residency programme, the first of which will begin this October, with applications starting on Thursday. This will be similar to those run by Antler and Y Combinator.
MSMEs are on sustainability path but profitability focus can make the move faster
MSMEs contribute a big part to India’s manufacturing output and hence, it becomes critical they adopt energy-efficient technologies to reduce operational costs.
Britain’s economy isn’t seeing growth anywhere near India’s 7% GDP rise — this has caused fewer differences between the Conservatives and Labour: Jaideep Prabhu
The UK election landscape is marked by economic uncertainties post-Brexit, minimal policy distinctions between parties, and environmental concerns driving voter engagement. Influential figures like Farage, Johnson, and Sunak shape political narratives, while climate change discussions underscore the urgency for sustainable solutions amidst global warming threats.
Hurricane Beryl strikes Jamaica as Caymans, Mexico brace for storm's impact
Devastation and resilience marked Hurricane Beryl's path, with casualties reported in multiple countries. President Maduro's somber announcement, alongside Cancun's preparations under Velazquez's guidance, highlights the severity of the impending storm.
People in India exposed to humid heat extremes increased by 67 crore from 1951-2020: Study
People in India exposed to extreme levels of humid heat during monsoons increased by at least 67 crore over the period 1951-2020, a research has found. Researchers investigated trends in hot and humid conditions or 'moist heat extremes', commonly seen in monsoons during the summer months, in terms of Wet-Bulb Globe Temperature (WBGT).
Zerodha may end zero brokerage structure for equity delivery trades after Sebi's order: Nithin Kamath
With the new Sebi circular that mandates uniform charges by market infrastructure institutions like stock exchanges, brokerages are feeling the heat. Zerodha's Nithin Kamath on Tuesday said the brokerage may have to go back on zero brokerage structure or increase brokerage for F&O (futures and options) trades.
NASA warns of potential planet-sized asteroid impact: There's 72% chance of Earth collision on this date
NASA's hypothetical exercise reveals a 72% chance of a potentially hazardous asteroid hitting Earth, highlighting gaps in Earth's preparedness. The exercise, attended by representatives from various agencies, assessed Earth's ability to respond to such threats. Key gaps include decision-making processes and readiness for space missions. NASA's DART mission confirmed the ability to change an asteroid's trajectory, and NEO Surveyor, launching in 2028, aims to discover hazardous objects early. This exercise underscores the importance of preparedness for potential asteroid impacts.
India inclusion in JP Morgan Bond index from today, $25-30 bn flow expected. What it means
India, which has been on index watch since October 21, upon its inclusion will have the single highest duration across the index at 7.03 years, with an above average yield-to-maturity at 7.09%, a JP Morgan note said.
Infosys CEO Parekh settles insider trading charges
Salil Parekh, CEO of IT major Infosys, has settled a matter related to alleged insider trading violation by agreeing to pay Rs 25 lakh, said the Securities and Exchange Board of India (Sebi).
Indians less worried, more optimistic about AI impact on work: Report
A Boston Consulting Group report has found that Indians are more confident than worried about the impact of artificial intelligence and generative AI on their work, with 54% evincing confidence compared to only 13% showing signs of anxiety. The report, based on BCG's AI at Work 2024 report, found that 42% of respondents globally reported confidence about AI and GenAI's impact on their work, compared to 26% last year.
Central banks must prepare for profound impact of AI, BIS says
In its first major report about the rapidly advancing world of AI Bank for International Settlements (BIS)has said, policymakers need to harness its immense power to monitor data in real time to "sharpen" their inflation-predicting abilities. A former Swedish central banker said, "We like to hold humans accountable."
Food Safety: Karnataka govt imposes 10 lakh fine on usage of artificial colours in some food items
Karnataka has banned the use of artificial colors in food items, including kebabs, chicken, fish, and vegetarian dishes, after tests revealed harmful levels of sunset yellow and carmoisine. Violations of this ban can lead to severe penalties, including imprisonment and hefty fines. This action follows earlier bans on other harmful colors, with Health Minister Dinesh Gundurao highlighting the commitment to food safety and public health through stringent enforcement measures.
Paris Olympics 2024: Team USA bringing its own AC units amid heat wave concerns
Paris Olympics 2024 organizers had planned to build the Olympic village in such a manner that the athletes' accommodations will be constructed without any air-conditioning units. However, a few countries, including Team USA are planning to carry their own air-conditioning units to avoid being victims of possible summer heat waves.
Is an asteroid striking the Earth in 2038? Here's the truth
In a recent hypothetical exercise by NASA, it has been revealed that we have more than a 70% probability of being struck by an asteroid. NASA is launching different technologies to detect the majority of dangers.
Budget 2024: What is a Populist Budget and why is it controversial?
A populist budget is a fiscal plan focused on immediate public appeal through measures like tax cuts and social spending increases. Criticized for prioritizing short-term benefits over long-term economic stability, such budgets can lead to fiscal deficits, inflationary pressures, and disparities in resource distribution, while potentially undermining independent economic institutions.
Budget 2024: What is Dividend Distribution Tax? Know How it will abolition impact the Indian economy?
In 2020-21, India's government abolished the Dividend Distribution Tax (DDT), shifting the tax burden on dividends from companies to shareholders directly. The move aimed to simplify taxation, enhance market appeal for Indian equities, stimulate domestic investment, and potentially attract more Foreign Direct Investment (FDI) into the country's economy.
Union Budget 2024: Here is how revenue, fiscal and primary deficit impacts the Indian economy
Union Budget 2024: A revenue deficit arises when a government's day-to-day expenses surpass its total revenue receipts, necessitating borrowing, divestments, or adjustments in taxes to bridge the shortfall. In contrast, a fiscal deficit occurs when government expenditure exceeds its total receipts, influencing aspects like economic growth, price stability, production costs, and inflation.
Are flights being delayed due to a heatwave?
The US is experiencing extreme levels of high temperature this summer. This has led to heatwave warnings being issued in many states. In this context, experts point out that flights are being delayed.
India-Pakistan match at fever pitch as New York’s game for more; city set to reap economic benefits of over $78m
The India versus Pakistan match in the T20 World Cup is expected to have a net economic impact of over $78 million for New York city, with thousands of cricket fans in attendance. The match in Long Island is expected to bring $46 million in direct economic benefits and $32 million in indirect economic benefits to the city, according to a report by global economic consultant Anderson Economic Group LLC (AEG).
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