India has commissioned its second nuclear-powered ballistic missile submarine, INS Arighat, to strengthen its presence in the Indo-Pacific region. This addition to the Strategic Forces Command will serve as a deterrent against China and play a crucial role in India's nuclear triad.
21-year-old Kaivalya Vohra and 22-year-old Aadit Palicha of quick-commerce startup Zepto with net worth of Rs 3,600 crore and Rs 4,300 crore respectively have topped the 2024 Hurun India Rich List showcasing the youngest entrepreneurs in the country.
Hero MotoCorp will release an upgraded version of their popular scooter, the Destini 125, on September 7, 2024. The new model will have major updates such as LED position lamps, a digital instrument console with Bluetooth, turn-by-turn navigation, and a rear disc brake. It will run on a 124.6 cc engine and maintain its CVT automatic transmission.
The highly anticipated Hyundai Alcazar, set to launch on September 9, offers several game-changing features over its sibling, the Creta. These include the 'Boss Mode' feature, NFC technology for unlocking doors, wireless charging for the second row, ventilated seats, and adjustable under-thigh support.
Heavy monsoon showers have brought much-needed relief to India from intense heat and drought. This has sparked a surge in public interest for weather updates. However, the heavy rainfall has also caused waterlogging and traffic disruptions in Delhi and NCR. In Gujarat, severe flooding has claimed 35 lives and a red alert has been issued as heavy rainfall is expected to intensify.
BharatPe and Unity Bank have joined forces to launch the UPI TPAP and rebrand the postpe app to BharatPe. The app allows customers to create UPI IDs, make payments to individuals and merchants, pay bills, and offers features such as scan and pay, bank transfers, and utility bill payments.
Indian Army and Jammu and Kashmir Police launched an anti-infiltration operation in Kupwara District, J&K, neutralizing three terrorists in two different operations. The operation was based on intelligence inputs and was carried out in the general area of Tagdha and Machhal.
The Premier Energies IPO saw a huge response with bids worth Rs 18,788.61 crore, 6.72 times more than the offered shares. The NII category was subscribed 19.35 times and the Employees category at 7.11 times. The shares were commanding a premium of 87% in the grey market, with an IPO price band of Rs 427 to Rs 450 per share and a minimum investment of one lot containing 33 shares for retail buyers.
Indian Railways will soon launch the Vande Bharat sleeper train, with the first set of trains being dispatched from Bengaluru's BEML plant on September 20. The train will be operational by December, offering overnight travel at a maximum speed of 160 kmph. It will have 16 coaches with 823 berths, reading lamps, charging outlets, and safety features like the Kavach system and fire compliance.
Continuous heavy rainfall in Gujarat has caused multiple rain-related incidents and flooding, resulting in 35 deaths over the past three days. Approximately 17,800 people have been evacuated from affected areas, and Prime Minister Narendra Modi spoke with Gujarat Chief Minister Bhupendra Patel to inquire about the situation and relief efforts.
87 lakh crore Railways Minister Ashwini Vaishnaw announced that all sanctioned projects will be completed in 4.5-5 years, with an average pace of 14.5 km per day. The government has a recruitment calendar to fill vacancies, with 45,000 advertised for current cycle and 154,000 employed in last cycle. Three major projects were approved at a cost of Rs 6.87 lakh crore.
Bangladesh has undergone a period of unrest with the resignation of Prime Minister Sheikh Hasina and the appointment of Muhammad Yunus as interim leader. This has led to improved relations with Pakistan, shown through a rise in defense exports. However, there are worries about anti-India sentiments in Bangladesh and its potential impact on regional stability and India's economic interests.
The Maharashtra government has formed a technical committee to investigate the collapse of the Shivaji Maharaj statue at Malvan. Chief Minister Eknath Shinde has established a committee for a new, stronger statue. An FIR has been filed against the contractor and the collapse has sparked political controversy.
National Sports Day, celebrated on 29 August, honors India's sports culture and the birth anniversary of hockey legend Major Dhyan Chand. In 2024, it holds special significance as India prioritizes physical fitness and sportsmanship. Union Sports Minister Mansukh Mandaviya pays tribute to Major Dhyan Chand and highlights the importance of a healthy society for a prosperous country.
KTM is launching the 390 Enduro, a stripped-down version of the Adventure, in the Indian market. The motorcycle features a slim fuel tank, dual-purpose spoke wheels, and a comfortable riding position. It is powered by a 399cc engine and is expected to come with features like traction control, cornering ABS, and multiple ride modes.
The Modi government has significantly improved the average construction pace of Indian Railways to 14.5km of tracks daily. They have also added 5,300km of new lines in the past year. The PM-Gati initiative has unveiled three new railway projects worth Rs 6,456 crore, with the Cabinet Committee on Economic Affairs, chaired by Prime Minister Modi, overseeing the progress.
The MG Windsor EV, launching on September 11, is open for unofficial bookings at select dealerships. It boasts a distinctive design, 15.6-inch infotainment system, and advanced features. With two battery options and a range of 460km, it will be the brand's third all-electric offering.
Jawa has released a teaser for the new Jawa 42, confirming its launch on September 3. The new model will feature a more refined 334 cc engine and may come with dual-channel ABS and a digital instrument console. The current Jawa 42 is equipped with a 294.72 cc engine, while the updated version starts at Rs 1.73 lakh. It will compete against Royal Enfield and Honda's retro-style motorcycles.
The Passport Seva Portal will be offline for five days starting today, August 29, for technical maintenance. The system will be inaccessible to citizens and related authorities, including MEA, RPO, BOI, ISP, DoP, and police departments. Appointments scheduled for August 30 will be rescheduled and updated information will be provided. More details to follow.
Delhi was hit by heavy rainfall, leading to waterlogging and traffic congestion. Vehicles and commuters faced difficulties navigating through flooded roads and underpasses. Areas like Dhaula Kuan and Gurudwara Rakab Ganj Sahib were severely affected. The India Meteorological Department has issued alerts for more rain, and the Delhi Traffic Police has also warned of the situation.
B. M. Group JBM Electric Vehicles and LeafyBus have inked a deal to deliver 200 electric luxury buses within 2 years. These buses will be equipped with cutting-edge technology and amenities for a luxurious, secure, and environmentally-friendly journey. The fleet will consist of 150 intercity coaches and 50 e-buses for employees and tourists, with advanced battery tech, and quick-charging.
Garena Free Fire MAX is an upgraded version of the popular battle royale game, offering dynamic gameplay and impressive graphics. With frequent updates and special events, it caters to both experienced players and beginners. The daily redeem codes, limited to 500 uses per day, provide exclusive rewards like skins and weapons, promoting regular logins and keeping the community active.
Gold and silver rates on August 29 saw a slight increase, with 24-carat gold trading at Rs 71,600/10 grams and silver at Rs 84,200/kg. In Delhi, gold was priced at Rs 71,480/10 grams and silver at Rs 84,060/kg. Mumbai saw gold at Rs 71,600/10 grams and silver at Rs 84,200/kg. In Kolkata, gold was priced at Rs 71,710/10 grams.
IMD issues weather alerts for Delhi-NCR, Gujarat, Coastal Karnataka, and Andaman due to heavy rainfall. Traffic disruptions and waterlogging expected in low-lying areas. Isolated heavy rains predicted for Central and Western India, Northwest India, Northeast and Eastern India, and Southern India. Intense heavy downpours forecasted for Telangana. Heavy showers likely to continue till 3 September.
Realme is launching the Realme 13 series 5G in India today, headlined by the Realme 13 Plus gaming smartphone. The series will also include the Realme Buds T01 earbuds. The launch event will be livestreamed on Realme's YouTube channel, and the Realme 13 Plus is expected to feature a MediaTek Dimensity 7300 processor, 26GB of Dynamic RAM, and GT Gaming features for an enhanced gaming experience.
The Modi government has implemented the Unified Pension Scheme (UPS) to replace the Old Pension Scheme (OPS) and National Pension Scheme (NPS) for government employees. The UPS provides a balanced option with guaranteed and potential returns, but a careful evaluation of long-term financial goals, risk tolerance, and retirement plans is necessary. Regular monitoring is key for its sustainability.
Delhi police's cyber crime unit has registered an FIR against a social media account owner for impersonating Chief Justice of India D Y Chandrachud and asking people for money. The post, which went viral on X, requested Rs 500 for a cab, claiming to be stuck at Connaught Place for an urgent collegium meeting.
The Ambani family's Ferrari SF90 Stradale crashed on Mumbai's Worli Sea Link flyover in 2022. After being rebuilt in Italy, the 986bhp supercar is back to its original factory specifications. It was being driven by only drivers at the time of the accident, along with two other supercars.
The RBI has halted domestic family offices from establishing investment funds in GIFT City due to concerns over tax evasion, money laundering, and effects on exchange rates and forex reserves. Overseas family offices can still obtain approvals, but the lack of regulatory clarity has hindered GIFT City's growth as a financial hub.
Vodafone Idea CEO Akshaya Moondra discussed the company's plans for debt reduction and improving performance at the 29th annual general meeting. The company's Ebitda and finance costs were also mentioned, with a focus on the need for a higher cash Ebitda to start reducing debt.
Zomato has launched "Zomato for Enterprise" (ZFE), simplifying corporate food expense management. CEO Deepinder Goyal announced the initiative, encouraging corporate leaders to explore the platform. ZFE streamlines the reimbursement process, provides tools for budget management, ordering rules, and expense monitoring. Zomato's recent features include 'Order Scheduling' and 'Group Ordering'.
The Nifty reached a new high of 25,100 points, marking its 10th consecutive winning session. Both Nifty and Sensex closed at record highs, with Nifty reaching an intra-day high of 25,129.6 points. Foreign investors sold while domestic investors bought, and the market was driven by favorable global and domestic economic conditions.
The Union Cabinet has approved the development of industrial smart cities to create jobs and boost economic growth. Industry executives believe this will have a multiplier effect on real estate and allied sectors, leading to the development of warehouses, hotels, housing complexes, malls, and satellite towns.
The government is planning to increase import duties on edible oils to balance low domestic prices and high global prices. The agriculture ministry recommends that the duty should cover the cost of domestic oils. A committee of ministers, led by Amit Shah, will make the final decision. The lower duty structure for palm, soybean, and sunflower oils has been extended until 2025.
The latest report by TeamLease Digital shows that GCCs are paying tech employees 20% higher salaries than IT companies and non-tech firms, thanks to their global standards, demand for specialized skills, and intense competition. Bangalore, Gurgaon, and Hyderabad offer the highest salaries, and India is expected to see a rise in GCCs, with a focus on tier-II cities.
The Union Cabinet has approved a scheme to provide central financial assistance to the state governments of the north eastern regions for the development of 15 GW of hydroelectric projects. The scheme aims to encourage state participation and reduce issues such as land acquisition and local law and order problems.
Arya.ag, an agri-commerce platform, plans to boost net revenue by 40% in the current fiscal year to reach ₹500 crore. This will be accomplished through expanding warehouse management, collateral financing, and trading facilities, as well as increasing outreach to farmer producer organisations. The company also plans to add logistics and transport services.
PM Narendra Modi praised the success of Pradhan Mantri Jan Dhan Yojana (PMJDY) and announced plans to continue building a Viksit Bharat. The scheme has helped over 530 million poor people open bank accounts with deposits of Rs 2.3 lakh crore. The linking of Jan Dhan-Mobile-Adhaar has facilitated seamless transfer of government welfare schemes.
Wipro's healthcare division has joined forces with leading US payers and major hyperscalers to create AI solutions for the industry. These solutions, including GenAI-powered contact center transformation, have led to notable enhancements in agent productivity and member satisfaction. Wipro is also exploring AI uses in compliance, billing, and document processing.
Tanishq and De Beers have joined forces to boost the sale of natural diamond jewellery in India, the second-largest diamond market in the world. This partnership will take advantage of the increasing demand for diamonds in India, with Tanishq aiming to increase its diamond sales and De Beers providing supply arrangements and authenticity testing.
Online retailers are focused on increasing their revenues by improving the gross order value (GOV) or average order value (AOV) of their stores. Analysts predict GOV throughputs of Rs 15-20 lakh per day per store in the next 2-3 years. Traditional offline retailers are facing challenges in keeping up with the fast-paced sales and shorter time frames of quick commerce platforms.
Joy Alukkas, India's 50th richest person, overcame obstacles to build a global jewelry empire. Born into a family in the jewelry business, he opened his first overseas store in 1987 and now has 84 outlets in India and 43 overseas. Despite facing discrimination at a Rolls-Royce dealership, he proved his success with a recent purchase of a Rolls-Royce Cullinan worth Rs 6 crore.
Jay Shah, the newly elected Chairman of the ICC, brings a fresh perspective to global cricket governance. His rise from the Gujarat Cricket Association to the top of international cricket administration showcases his commitment, strategic mindset, and love for the game. He plans to focus on Test cricket, embrace innovation, and prepare for cricket's debut in the LA 2028 Olympics.
Sebi warns investors of stock manipulation in SME market by promoters, who inflate stock prices and sell their stake. It advises caution against relying on unverified social media posts or tips. The regulator also expresses concerns over the quality of SME market issues and high demand for IPO shares, leading to inflated subscription numbers.
Bharti Airtel will become the majority shareholder in Indus Towers after the completion of a buyback initiated by the tower company. Airtel's stake will increase from 48.95% to over 50%, making Indus Towers a subsidiary of the telecom giant. The buyback, which included 2.1% of the company's equity shares, was worth Rs 2,639.9 crore. This comes after Vodafone sold an 18% stake in Ind
"Scent of Rain" is a captivating collection of 192 poems honoring the late Jayanta Mahapatra. These poems delve into themes of memory, mortality, and the intersection of the physical and spiritual. Rooted in his homeland of Cuttack, Mahapatra's rebellious use of language challenges societal norms and explores the complexities of human existence and the quest for self-discovery.
A committee has been formed by the Railway Board to address concerns raised by a critical report from the RDSO regarding train controller working conditions. Led by three Additional Members of Staff, the committee will propose improvements and evaluate performance-based incentives to address issues such as low pay, high vacancy rates, and inadequate facilities.
NASA's DART mission successfully deflected the asteroid Dimorphos, but it has also led to concerns about the potential for a human-made meteor shower. Recent research suggests that fragments from the impact could reach Earth, the Moon, or Mars within the next decade. While these fragments are not expected to pose a danger, they could create a spectacular meteor shower visible from Earth.
The Assam government is accepting scholarship applications for ST students for the academic year 2024-25. Eligible students can apply online through the National Scholarship Portal. The deadline for pre-matric students is August 31, and for post-matric students, it is October 31. The annual family income should not exceed Rs 2.50 lakh.