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BUSINESS NEWS CATEGORIES 

Eight of top 10 firms add Rs 1.81 lakh cr in m-cap; HUL tops chart

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Eight of the 10 most valued domestic firms together added Rs 1,81,209.89 crore in market valuation last week, with Hindustan Unilever emerging as the biggest gainer. Last week, the BSE benchmark Sensex advanced 1,573.91 points or 2.97 per cent. From the top-10 pack, Reliance Industries and Tata Consultancy Services (TCS) were the only laggards. Among the winners, Hindustan Unilever Ltd (HUL) added Rs 50,058.05 crore, taking its valuation to Rs 5,86,422.74 crore. ICICI Bank’s valuation jumped Rs 35,956.8 crore to reach Rs 5,25,656.96 crore. The market valuation of HDFC Bank…

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NEWS CATEGORIES WORLD NEWS 

Biden defends pending visit to Saudi Arabia in opinion piece

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President Joe Biden, preparing for a trip to Saudi Arabia amid criticism of its poor human rights record, defended his decision in a newspaper opinion piece, insisting that he had long supported reforms and sought to reorient but not rupture relations with a longstanding strategic partner. In the article posted online Saturday night by The Washington Post, Biden pointed to developments in the Middle East that he contended had made the region more stable and secure than when the Trump administration ended, among them intense diplomacy as well as military…

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NATIONAL NEWS NEWS CATEGORIES 

Active COVID-19 cases increase to 1,28,690

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With 18,257 new coronavirus infections being reported in a day, India’s tally of COVID-19 cases rose to 4,36,22,651, while the active cases increased to 1,28,690, according to the Union Health Ministry data updated on Sunday. The death toll climbed to 5,25,428 with 42 new fatalities, the data updated at 8 am stated. The active cases comprise 0.30 per cent of the total infections, while the national COVID-19 recovery rate was recorded at 98.50 per cent, the ministry said. An increase of 3,662 cases has been recorded in the active COVID-19…

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NATIONAL NEWS NEWS CATEGORIES 

EAM Jaishankar meets Singapore’s deputy PM, defence minister, discusses bilateral ties

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External Affairs Minister S Jaishankar on Wednesday met two key leaders of Singapore, including Deputy Prime Minister and Finance Minister Lawrence Wong, here and exchanged views on the global economic and political situation, and discussed ways to bolster bilateral ties and take it to the next level. Jaishankar made a halt in Singapore en route to Indonesia to participate in the G20 foreign ministers’ meeting in Bali “Glad to meet DPM and Finance Minister@LawrenceWongST in Singapore. A good discussion on taking our bilateral partnership to the next level. Also exchanged…

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LEGAL NEWS NEWS CATEGORIES 

Will make efforts to make infra ready in 6 months for commercial courts: HC told

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The Delhi High Court was informed on Tuesday by its administrative side that all efforts will be made to ensure that infrastructure for starting 42 additional commercial courts here is ready in six months. The counsel for the administrative side of the high court submitted that the building was under construction and once the court rooms are handed over to them, the vacant posts of district judges (commercial) will be filled. The submission was made in a pending petition seeking to direct the authorities to set up more commercial courts…

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BUSINESS NEWS CATEGORIES 

Passenger vehicle retail sales up 40 pc in June as chip supply improves

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 Passenger vehicle retail sales in the country rose 40 per cent in June indicating an improvement in semiconductor supplies even as demand, especially for SUVs, remained robust, auto dealer’ body FADA said on Tuesday. According to the Federation of Automobile Dealers Associations (FADA), passenger vehicle (PV) registrations rose to 2,60,683 units last month, as compared to 1,85,998 units in June 2021, registering an increase of 40 per cent. “The PV segment continued to see robust growth. An increase in dispatches clearly shows that semiconductor availability is now getting easier,” FADA…

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NEWS CATEGORIES WORLD NEWS 

After 3 feet of rain, 32,000 in Sydney area may need to flee

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More than 30,000 residents of Sydney and its surrounds have been told to evacuate or prepare to abandon their homes on Monday as Australia’s largest city braces for what could be its worst flooding in 18 months. Parts of the city of 5 million people are facing a fourth flooding emergency in a year and a half after torrential rain since Friday caused dams to overflow and waterways to break their banks. The latest information we have is that there’s a very good chance that the flooding will be worse…

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NATIONAL NEWS NEWS CATEGORIES 

PM Modi, HM Shah have assured full support for Maha development: CM Shinde

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Maharashtra Chief Minister Eknath Shinde has said Prime Minister Narendra Modi and Union Home Minister Amit Shah have assured him full support for the development and growth of the state. Addressing hundreds of Shiv Sainiks on Monday night during his first visit to hometown Thane after taking over as the CM, Shinde said the risk that he took (referring to political developments over the last fortnight) has been appreciated by people, despite criticism from certain quarters. “I am going to undertake a tour of the entire state and allot projects…

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LEGAL NEWS NEWS CATEGORIES 

SC agrees to hear next week pleas challenging Centre’s Agnipath’ scheme

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The Supreme Court on Monday said that it would hear next week pleas challenging the Centre’s ‘Agnipath’ scheme for recruitment in the armed forces. A vacation bench of Justices Indira Banerjee and JK Maheshwari said that petitions will be listed next week before an appropriate bench upon reopening of the apex court after summer vacation. A counsel, who filed a plea against the scheme, said Indian Air Force aspirants have undergone training and were waiting for appointment letters but now their career will be cut short from 20 years to…

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BUSINESS NEWS & PRESS RELEASE 

Govt directs steel industry to draw time-bound action plan to lower CO2 emissions

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In line with the government’s COP26 commitments, the Ministry of Steel has asked the stakeholders to develop a time-bound action plan to lower emissions in the steel industry. According to a ministry document, the iron and steel industry globally accounts for around 8 per cent of total carbon dioxide (CO2) emissions on an annual basis, whereas in India, it contributes 12 per cent to the total CO2 emissions. Thus, the Indian steel industry needs to reduce its emissions substantially in view of the commitments made at the COP26 climate change…

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