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Indian exports: How Modi 3.0 can navigate the protectionist tides in advanced economies like US and EU
India has transitioned from a decade of single-party rule to a new era of coalition politics, causing concern among stock market investors about potential slowdowns in economic reforms. Rising protectionist measures from advanced economies like the US and EU pose challenges for Indian exporters, with stringent regulations on products ranging from chemicals to food items. The impact of these barriers could disproportionately restrict India's economic objectives and competitiveness, particularly in key sectors like textiles and apparel.
'Bhrasht Janata Party' sought to dilute Adivasi rights: Jairam Ramesh
Congress general secretary Jairam Ramesh posed questions to Prime Minister Narendra Modi ahead of his rally in Jharkhand's Jamshedpur. "Why do the people of Jamshedpur still suffer from poor connectivity? Why is it that the 2As and their tempo-loads of black money roam free, while Jharkhand's Adivasi CM was put in jail? Why is the Adityapur Industrial Area still waiting for environmental clearance? Why has the PM denied Adivasis their religious identity and refused to recognize the Sarna code?" Ramesh said.
US states issue alert over Canada fire. Know how it will affect air quality
Wildlife fires that have engulfed certain parts of Canada have now spread to the US. Authorities have issued warnings.
Firefighter, forester, trail builder: The first US Climate Corps jobs are here
The American Climate Corps by Biden govt offers job opportunities in climate-related fields across various states. It aims to recruit and train thousands of young individuals to combat climate change and transition into clean energy careers.
"Elephant returning to forest": RBI Governor Das hints at inflation reaching 4 per cent target
RBI MPC Meeting: The governor hinted at inflation nearing the 4 per cent target, stating, "The elephant in the room was CPI inflation. The elephant has now gone out for a walk and appears to be returning to the forest." These remarks were made during the announcement of decisions from the first bimonthly Monetary Policy Committee (MPC) meeting of FY25.
When an IFS officer lied about his father's farming background during his IIT days
Himanshu Tyagi, an IIT graduate turned Indian Forest Service officer, recently shared a pivotal moment from his IIT days on social media. During his internship, Tyagi fabricated his father's profession when questioned by his manager. Reflecting on this, he highlighted six key life lessons.
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US weather forecast: Severe thunderstorms, wind gusts exceeding 60 mph likely
US weather forecast stated that severe thunderstorms are likely over the central regions of the United States. Severe weather is expected from Texas to Midwest.
Death toll from Chile's wildfires reaches 131, more than 300 people still missing
The fires began Friday on the mountainous eastern edge of Vina del Mar, a beach resort known for a festival that attracts the best in Latin music. Two other towns, Quilpe and Villa Alemana, also were hit hard as the fires spread quickly in dry weather and strong winds.
‘Among Us’ Animated Series: Check out what we know about production, cast and more
CBS Studios, in collaboration with Innersloth, is developing an animated series based on the hit game, Among Us. Details include the production team, potential cast, airing information, plot, and teaser.
Expand SDGital Solutions: Leveraging DPI for global problem-solving
Digital Public Infrastructure (DPI) emerges as a crucial tool for solving complex global challenges. The Global Fishing Watch, a DPI platform, tracks illegal fishing, demonstrating how interoperable digital systems can address issues like biodiversity, climate, and food security. A G20 India report advocates for DPI's potential to accelerate progress across all 17 Sustainable Development Goals (SDGs). While DPI offers transformative solutions, challenges like inclusivity, data protection, and privacy concerns need addressing for its full benefits to be realized.
IT largecap stocks not in overbought zone after Friday’s rally: Anand James
Largecap IT stocks, including Infosys and Tech Mahindra, have not yet reached overbought levels despite recent gains. Smallcap stocks have seen the most visible gains in the last year. Traders should be cautious as the earnings season begins, as history suggests a high chance of a monthly close in the red when entering the season at record peaks. Recent CPI readings from the US have prompted traders to reduce bets on Fed's rate cuts. The next fortnight could see objectives of 22240 and 22400, with a downside marker at 21790.
Nifty IT looks poised to breach 2022 peak: Anand James
Anand James says: "Throughout the most part of 2022 as well as 2023, the sector had been going through a period of correction as well as consolidation, before starting the reversal moves late 2023. A pause in the last few days augurs well for the trend to breach the 2022’s peak on the Nifty IT index."
Maker of Wegovy, Ozempic showers money on US obesity doctors
Novo Nordisk, a Danish pharmaceutical company renowned for its diabetes medicines, is now positioning itself as the world's leading weight-loss company. The company aims to target the global population of 764 million people with obesity, with the United States being its most lucrative market. In the U.S., where over two-thirds of adults are either overweight or obese, Novo charges customers $1,300 per month for the weekly injection of Wegovy.
40% of Nifty IT stocks oversold, Tech Mahindra & LTTS looks ready for bounce back: Anand James
"The sharp rise in PSU bank index comes after a prolonged sell off that had begun even before Nifty cracked. The index does have more room for upsides, with Indian bank, Bankboaroda, Unionbank, SBIN and Bankindia looking ripe for a bounce back. Also, 40% stock in Nifty IT has moved into the oversold region and among them Tech Mahindra and LTTS looks to be gearing up for a bounce back."
'Bharti's OneWeb should not underestimate Jio satellite'
The satellite communications market in India is at a nascent stage but the potential is substantial, particularly in rural and remote areas. As per an EY-ISpA report, India's space economy is set to rise to $13 billion by 2025, growing at a CAGR of 6%. "I think they (Starlink) should come. In the US, there is an opportunity for Starlink, let them come in, they need to figure out what their business model in India could be," said Oommen, referring to global competition.
Nifty has room for downside towards 19350-180 region: Anand James
The IT index's decline is expected to slow down after a 6% drop from its peak in September, according to Anand James, Chief Market Strategist at Geojit Financial Services. He also anticipates some constituents of the index to make a strong recovery. The Nifty index may have room for another decline towards the 19350-180 region. Meanwhile, the Nifty PSU Bank sectoral index may experience a mean reversion up move after a recent rally.
US President Joe Biden announces $3.5bn for projects nationwide to strengthen electric grid, bolster resilience
The Biden administration has allocated $3.5 billion for 58 projects aimed at strengthening the resilience of the electric grid in the face of extreme weather events. Energy Secretary Jennifer Granholm stated that this is the largest federal investment ever made in grid infrastructure. The funding, combined with contributions from private partners, could result in up to $8 billion in total investments nationally.
HDFC Bank to release Q2 results today. Anand James shares his trading strategy
Barring Infosys, IT stocks like TCS, HCL Tech and Tech Mahindra, which together form 11% of Nifty, seems to have found a base around their respective rising trendline supports hinting a bounce back. Towards this end, we do not expect IT stocks to be slowing down Nifty, but banks might.
Endangered red wolf can make it in the wild, but not without 'significant' help, study says
A population viability analysis has revealed that the endangered red wolf can survive in the wild, but only with significant additional management intervention. The US Fish and Wildlife Service has released an updated recovery plan, which calls for spending $328 million over the next 50 years to get the red wolf off the endangered species list.
US government shutdown: What closes, what stays open?
All eyes are the Congress now. Here is what will happen if it fails to provide funding for the fiscal year starting October 1.
Tit-for-tat tariffs or waiver talks: Choices India have to navigate new EU regulations
While the Government of India is still grappling with this new legislation — a bolt from the blue when New Delhi is engaging with the 27-nation bloc to craft a favourable free trade agreement (FTA) — Indian exporters will have to bear the brunt of it, especially those shipping commodities such as coffee, leather hide, skin and preparations, oil cake and wooden furniture.
Heatwave: Scientists certain that July will be the hottest month ever recorded globally; Details here
UN Secretary-General Antonio Guterres expressed that the unfolding events align with earlier predictions and warnings. The rapid pace of change is the only unexpected factor. Guterres emphasized that climate change is now a reality, evoking fear, and cautioned that this is merely the initial phase.
Greece facing longest heatwave on record while record highs hit US
Tens of millions of people in the northern hemisphere have been suffering through intense heat this summer as the world appears headed for its hottest July on record. As temperature records tumble, experts have pointed the finger at climate change driven by the burning of fossil fuels, saying global warming is playing a key role in destructive weather.
Weyerhaeuser facility in Longview engulfed in huge fire, officials call it ‘very long-term incident’
According to Jon Dunaway from the Longview Fire Department, the smoke coming out of the Weyerhaeuser facility is lingering close to the ground. As a precautionary measure, they advised people to remain indoors and keep their doors and windows closed.
H5N1: Know about avian flu killing thousands of sea lions in Peru
Scientists worry that the avian flu may be spreading from mammal to mammal after decimating marine life along the nation's Pacific coastline.
Why Christmas trees could cost 10% more this holiday season
Nearly three-quarters of tree growers said their wholesale prices would probably be 5% to 15% higher than last year
South California wildfire: Route fire in Castaic area now 87% contained
The wildfire that began on Wednesday due to heat waves has been contained by Saturday evening. Total of 467 servicemen were working on the site, out of which seven were left injured due to triple-digit heat.
Centre told to take decision on Sanjiv Chaturvedi's deputation in Lokpal within 8 weeks
The court concluded that if after consideration the central government is of the view that the decision in the matter lies with the office of Lokpal, they shall within this period of eight weeks, forward the representation to the Lokpal for a decision. Sanjiv Chaturvedi had earlier worked in Haryana and then as Chief Vigilance Officer (CVO) at AIIMS, Delhi where he had exposed many corruption cases.
Amid fierce wildfire in Southern California, 5 Freeway shuts down. Read details
The wildfire began in the Castaic area of Southern California on Wednesday. The fire has engulfed over 4,000 acres of forest land, forcing authorities to shut down Interstate 5 and evacuate hundreds of families from the area. Firefighters from the L.A. County Fire Department and Forest Service were working in tandem to curb the fire.
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