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19 Jul

Chile was shaken by a strong earthquake

Banasree SarkarlatestChile

South Africa's Chile was shaken by the earthquake. The U.S. Geological Survey reported Thursday that tremors were felt across Chile, including the coastal city of Antofagasta. The quake measured 7.3 on the Richter scale. According to initial reports, the epicenter of the earthquake was located 265 km east of Antofagasta, at a depth of at least 126 km. No tsunami warning has been issued due to the earthquake. No damage or loss of life was reported. Incidentally, Chile belongs to the 'Pacific Ring of Fire'. As a result, the country is already prone to earthquakes in terms of its geological…

18 Jul

Asian Paints shares fall 4.4% after Q1 net profit decline

Priyanka RoyBusiness, latest

Shares of Asian Paints were trading in negative territory on Thursday, July 18, after the company announced financial results for the April-June quarter of financial year 2024-25. The stock fell 4.4% to ₹2,842 per share on the National Stock Exchange (NSE). However, it recovered from the day's low and traded 2% lower at ₹2,913.9 at 9:42 am.On Wednesday, Asian Paints reported a 24.5% decline in its consolidated net profit to ₹1,186.7 crore in Q1FY25 due to demand slowdown due to Lok Sabha elections and extreme heat. The company had earned a net profit of Rs 1,550.3 crore in the same…

17 Jul

IMF raises India’s GDP forecast by 7% for 2024-25

Priyanka RoyBusiness, latest

New Delhi: The International Monetary Fund (IMF) has revised its growth projection for India's economy in the 2024-25 financial year, raising it to 7 percent from 6.8 percent.The upward adjustment is attributed to an anticipated improvement in private consumption, especially in rural areas of the country. The IMF made this announcement in its latest World Economic Outlook report Issued on Tuesday.For the 2025-26 financial year, the IMF has retained its previous projection of 6.5 percent growth in India's gross domestic product (GDP). This estimate is unchanged from the earlier forecast.In April, the IMF had raised India's GDP growth forecast for…

17 Jul

Another incident of theft in Nagaon city, lakhs of rupees were stolen

Banasree SarkarlatestNagaon City

The robbery took place in Amolapatty, Nagaon City. The robbery took place at the home of Prashant Kumar Bora in Amolapatty. The victim's family went to Guwahati for two days for treatment. The robbers took advantage of the absence of Prashant Kumar Bora's family and looted gold jewelry worth Rs 3 lakh and Rs 80,000 in cash. The robbers learned of the incident after returning home from Guwahati on Tuesday night. The victim was identified as Prashant Bora, 28, of Itachali. The victim was identified as Prashant Bora, 28, of Itachali. The city has been experiencing a massive increase in…

16 Jul

Jammu and Kashmir is in turmoil again, four soldiers, including a major, were killed in the terrorist attack

Banasree Sarkarlatestjammu and kashmir

Jammu and Kashmir is in turmoil again. On Monday night, the Indian Army started a gun battle with the militants in Doda, Jammu and Kashmir. Jammu and Kashmir police were also present. Four Anant Jawans and one policeman were seriously injured in the fighting between the two sides. They were rescued from the spot and admitted to the hospital. The soldiers died there while undergoing treatment. The Special Operations Group (SOG) of the Jammu and Kashmir Police, jointly with the Indian Army, conducted a search operation in the Desha Jungle area of Doda district on Monday evening. A police official…

16 Jul

SBI, BOB expansion MCLR by 5-10 bps

Priyanka RoyBusiness, latest

Public sector lenders including State Bank of India and Bank of Baroda have growth their marginal cost of funds based lending rates (MCLR). The move is likely to be followed by other lenders as well, resulting in an increase in the equated monthly installments (EMIs) of borrowers.The country's largest lender State Bank of India (SBI) has increased MCLR by between 5 to 10 basis points (bps) on various tenors, effective Monday (July 15). One basis point is 100th⁸ of one percentage point.The bank has revised its one month MCLR by 5 bps from 8.3 percent to 8.35 percent. According to…

15 Jul

Deepinder Goyal became a billionaire due to the rise of Zomato; The stock has increased 83% so far in 2024

Priyanka RoyBusiness, latest

Zomato's share price rose more than 4% to its fresh 52-week high in Monday's session, a day after the food delivery aggregator said it is increasing its platform fee from ₹5 to ₹6. It is anticipated that the new platform fees, which will be implemented in certain areas like Bengaluru and Delhi, will have a somewhat beneficial impact on business profitability. On Monday, Zomato became a member of the elite group of companies with a market capitalization (m-cap) of ₹2 trillion. Zomato share price opened at an intraday low of ₹225 on BSE, the stock touched an intraday high of…

15 Jul

11 members went inside the treasure of Jagannath temple in Puri, what is inside?

Banasree SarkarlatestJagannath Temple

The 11-member committee entered the inner room of the gem after breaking the lock without getting the key. But when they opened the door, they were greeted by a flock of bats! Snake experts were also called before entering the dark room. The doors of the Jagannath Temple jewels in Puri were opened on Sunday at the 'Holy Moment' at 1.28 p.m. From then on until 5:30 p.m., the 11-member committee was inside the Ratnabhandar. In four hours, the caskets filled with ornaments from the outer jewel chamber were sent to a secure 'vault' temporarily constructed on the temple premises.…

13 Jul

Aviation authorities forgot about the presence of airmen, airmen faced difficulties

Banasree Sarkarlatestair india

The Air India authorities forgot to book hotels for the flight crew. They wandered the streets all night, looking for a place to stay. Finally, early in the morning, accommodation was arranged at a training center. But there were also complaints that there was a lack of suitable accommodation. Air India authorities have assured to look into the whole matter. It is known that an Air India flight landed in Hyderabad last Wednesday night. After the duty is over, the staff on that plane is informed of the hotel in which they have been accommodated. They reached the respective hotel…

13 Jul

Industrial production growth to 7-month high of 5.9% in May: Government data

Priyanka RoyBusiness, latest

India's industrial output rose to a seven-month high of 5.9 percent in May 2024, mainly due to good performance by the power and mining sectors, according to official data released on Friday. Factory output growth, measured in terms of the Index of Industrial Production (IIP), was 5 percent in April, 5.4 percent in March, 5.6 percent in February and 4.2 percent in January 2024.IIP was 4.4 percent in December and 2.5 percent in November 2023. The previous highest level of IIP was recorded at 11.9 percent in October 2023. During the April-May period this financial year, IIP growth was 5.4…