INDIA

Gujarat CM rolls out projects worth Rs 1,600 crore on World Tribal Day

While the main event to mark the occasion, also known as World Tribal Day, was held at Melaniya village of tribal-dominated Dahod district, other BJP ministers were present at programmes organised at 26 places with significant adivasi population in Gujarat, said a state government release.

Delhi schools step up measures amid rising Covid-19 cases

The s​chool managements have undertaken multiple steps like sending recorded lectures to students who are ill, allowing online classes for those in isolation and putting study tours on hold as preventive measures.

J&K budget utilisation 27% less in 2020-21: CAG

The CAG recommended that the government should explore ways to minimise its committed expenditure so that more funds could be made available for development expenditure. The report observed that non-submission of the utilisation certificates meant that the authorities didn’t explain as to how funds were spent over the years.

Education ministry holds meeting for seeking inputs for new curriculum

The inputs from ministries would help identify and integrate several pertinent areas, skills and competencies in the NCF at relevant stages.

International

Lyme disease vaccine: Major test underway. All you need to know

After twenty years, there is a possibility that a vaccine against Lyme disease will be ready. People are being tested for its efficacy in both Europe and the USA.

Queen Elizabeth’s official welcome to Balmoral changed to private affair. Here's why

Queen’s comfort is of utmost priority as the changes have been made for her to be comfortable, hence an official welcome has been changed to a private affair.

Democrats successfully push $740 billion Bill in Senate. Key points about tax, healthcare, climate package

The bill moves into the House, and people expect it to clear by this week's end. The signature and the sweeping deal provide a plethora of tax incentives

Americans are concerned over Inflation Reduction Act, says report

The Senate passed the Inflation Reduction Act on Sunday, which includes an $80 billion increase to the IRS over ten years, well over half of which is meant to benefit the agency in combat tax evasion.

Entertainment

Netflix signs multi-year deal with Raj & DK for all future projects of D2R Films

Known for critically acclaimed series, ‘The Family Man’, on rival platform Amazon Prime Video, Raj & DK are already the show-runners and directors of Netflix’s upcoming comedy crime thriller series, ‘Guns & Gulaabs’, a story of love and innocence in a world of crime, a nostalgic tale of all kinds of firsts, from first love to first kill.

Bollywood business model unviable, actors' fees need course correction: Industry

"The Hindi film industry’s business model has gone for a toss," said a top producer, who has produced over 50 films and a few web series. "The only way it'll work is if the stars come down to earth. We have been talking about the rising cost of the stars for a decade now, but nothing has happened."

ZEE-Sony merger receives approval from stock exchanges

The two companies had already filed an application in the Competition Commission of India (CCI) for its permission and will now file for approvals from the National Company Law Tribunal (NCLT) and other regulatory approvals.

BGMI Master Series 2022 records a viewership of 100 million on Loco

Held in New Delhi, the tournament had an overall prize pool of Rs 1.5 crore. It started on June 24th and concluded with a grand finale event on July 17th. This was also the first time when an esports tournament was aired live on a mainstream sports channel, Star Sports.

Teachnology

Twitter vs. Centre: why India will be the loser in tech giant’s legal battle with MeitY

The social-media giant’s decision to take the Ministry of Electronics and Information Technology to court could have a far-reaching impact on Big Tech in India. While the government is unlikely to soften its stance, finding a middle ground and ensuring a favourable business environment is the need of the hour to attract investments.

Startups, want a Sequoia cheque in a funding winter? Here’s what Rajan Anandan will check out first.

According to Anandan, managing director, Sequoia India and South East Asia and Surge, 2022 looks a lot like 2018 and 2019 in terms of a much more rational market. There’s a higher focus on building high-quality companies, founders are thinking long term, and the focus is on unit economics.

It’s like 2017 again: How startups are changing their playbook as funding winter sets in

The funding tap for startups is overflowing, but fewer deals are being signed as investors have turned extremely cautious about taking a decision. The startup founders’ DNA, meanwhile, is changing as experienced entrepreneurs with better vision and clarity are taking the plunge while still staying clear of high cash-burn ideas.

The world’s biggest surveillance company most people haven't heard of

How did 21-year-old Chinese company Hikvision rise to global prominence? Why don’t Western governments trust the company anymore, and what do the impending sanctions mean for its future? Here’s how the company, once under the radar, heads towards becoming the most sanctioned tech company in the world.

Traveling

Shack in Bentota, Delhi's Soy X Neung Roi & more: Top 5 must-try restaurants in 2022

This is a delight for every foodie-traveller out there.

ETPanache Travel Editor's note: Travel Postcard to Corona

​​With commercial aviation taking off in full throttle, make the most of holiday discounts and early-bird bookings this season.

Sanatan Leela Book & Music: A treasure for all

Music has no boundaries and one does not need to know any language to understand music.

Dubai - a preferred destination for Indian business and leisure travellers

​​With the reopening of commercial aviation, revival of the travel sector will soon be a reality.

Small Biz

Amazon India announces a special diversity grant to support entrepreneurs in building their logistics business

Amazon India now has more than 350 entrepreneurs who are part of the program, with more opportunities for diverse partners to build their own businesses.

SIDBI, ONDC ink MoU to accelerate e-commerce for small industries

The MoU, signed by Sivasubramanian Ramann, CMD, SIDBI and T Koshy, MD&CEO, ONDC, provides for several collaborative efforts by SIDBI and ONDC in helping MSMEs access open network e-commerce platform proposed by ONDC.

MSME loan disbursements double; banks sticking to existing borrowers: Report

Deepening credit to small businesses is a policy objective. MSME credit disbursements have doubled compared to the pre-pandemic levels across segments, indicating that lenders are in a position to support the increasing credit demand, the report said.

Ships resume Taiwan routes even as China continues to drill

Shipping in the Taiwan Strait, a key route for supply chains and commodities, has faced uncertainty and delays since Beijing began its most provocative military drills in decades in the wake of House Speaker Nancy Pelosi’s trip to Taiwan last week.

Markets

Tata group has size and diversified portfolio. Can its stocks make for an index fund?

The Tata group has 23 listed companies operating in well-diversified businesses – both old and New Age. While TCS and Titan have given spectacular returns of 170% and 300%, respectively, in the last five years, Tata Motors has returned 25%. In case the market cycle does not favour a particular sector, the group has other stocks to balance it off.

How Canara Robeco fund managers outwit volatility, post index-beating returns in small caps

Canara Robeco Small Cap Fund has delivered 42% returns in the last three years beating all its peers. The fund provides a blend of 'growth' and 'value' style of investing. In the past six months, there has been a dynamic change in category allocation -- increasing mid-caps -- keeping the market scenario in mind. This seems to have worked well.

Mark Mobius: India has done a better job than most other economies in terms of currency management

Mobius believes that despite an easing off of foreign investment because of the general negative global sentiment, Indian exports are doing quite well. He expects that India will be taking a greater market share from China in terms of manufactured exports over time.

How Put options will complement MSP to lessen government burden, support farmers

The Put options will likely cost much less to the government as compared to MSP. The price risk is transferred from FPOs to market participants, while the exchequer saves on the cost of procurement, carry cost, wastages and investment in warehouse and related infrastructure. It can serve as a tool to make farmers truly Atmanirbhar.

Automibile

Passenger vehicle sales in 2022 set to beat record estimates

India's passenger vehicle sales this year are expected to be about a quarter of a million units more than the initial projections that were themselves for record high volumes, industry executives said.

Hyundai Motor India expects semiconductor shortage issue to improve next year

Hyundai Motor India expects semiconductor shortage issue to improve next year and emergence of a clear picture on the competitive scenario as it faces production constraints at present.

Tata Motors to buy Ford Gujarat plant for Rs 750 crore

The takeover of the Gujarat plant will offer much-needed capacity for Tata Motors, which has set its sights on crossing half a million annual sales this financial year, up from 370,400 in FY22.

Maruti Suzuki to produce 20 lakh units in FY23, says Chairman RC Bhargava

In 2021-22, total sales of Maruti Suzuki India Ltd (MSIL) increased by 13.4 per cent to 16.52 lakh units. It had lost out on sales in the first quarter of the fiscal due to the pandemic and production being affected by the shortage of semiconductors, mainly for domestic models, Bhargava wrote.

Asnlive Headlines

Sports

Serena Williams says she is 'evolving away' from game with retirement talk

On Monday, Williams played only her second singles match since she returned to action at Wimbledon in June after a year-long absence from competition, beating Spain's Nuria Parrizas Diaz to reach the second round of the Toronto Open.[Read More]

Sundar Pichai, Mukesh Ambani spotted at Lord's at The Hundred 2022

Former Indian cricketer and coach Ravi Shastri on Tuesday shared a picture on Twitter with Reliance Industries chairman Mukesh Ambani and Alphabet Inc's CEO Sundar Pichai. Shastri is currently in England doing commentary for the Hundred competition 2022.[Read More]

India's Commonwealth Games heroes start returning to warm welcome

Indian athletes, following their scintillating performance at the Birmingham Commonwealth Games, have started returning home from Birmingham to warm receptions, with the ubiquitous dhols, garlands and bouquets giving the IGI airport a festive look.[Read More]

Former West Indies all-rounder Kieron Pollard becomes first cricketer to play 600 T20 matches

The hard-hitting batter achieved this landmark during his side's London Spirit's match against Manchester Originals during ongoing The Hundred tournament at Lord's. Pollard made sure to make the occasion memorable. He smashed an unbeaten 34 runs off just 11 balls consisting of one four and four big sixes.[Read More]

Defence

Loud explosions heard near Russian military airbase in Crimea - witnesses

Videos purportedly captured at the scene, some of them posted on social media, showed a plume of smoke in the area. The videos could not immediately be verified. At least 12 explosions of varying intensity were heard in the course of a minute, two witnesses said. Three were particularly loud, triggering sparks and smoke.[Read More]

JCO injured in exchange of fire between Assam Rifles, militants on Myanmar border

A senior official who does not want to be named told ET, “Tthe militant groups from across the India-Myanmar border attacked the Assam Rifles troops at Tirap Changlang in Arunachal Pradesh. One JCO sustained minor injury in hand during the firing. No other casualty or any other damage has been reported”.[Read More]

Top Pakistan Taliban commander killed in Afghanistan

Tehreek-e-Taliban (TTP) said an announcement would be made regarding "the martyrdom of a central leader", but a source told AFP it was Abdul Wali, a notorious commander who used the alias Omar Khalid Khorasani. His death may bring an end to a shaky indefinite ceasefire the TTP reached with the Pakistan government in June as peace talks mediated by Afghanistan's Taliban progressed.[Read More]

Deputy Secretary Sherman says US 'doubling down' on Pacific

US doubling down on its investment in the Pacific, U.S. Deputy Secretary of State Wendy Sherman as she concluded a five-nation visit to the region where China has been making inroads.[Read More]
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