INDIA

India logs 17,092 new Covid cases, 29 deaths

The death toll has climbed to 5,25,168 with 29 new fatalities, data updated by the ministry at 8 am stated. The active cases comprise 0.25 per cent of the total infections.

1st team of IMCT from Ministry of Home Affairs visits flood-affected areas in Assam

The second group of IMCT visited embankment breach areas and damages in Mora Kalang, 2 no. Gunamara, Padum Pukhuri, Dahuti Padum Pukhuri, Domal in Marigaon district today. In Kamrup district, the Team visited the breach points in Kayan revenue circle for necessary damage assessment. The team has discussed the situation with the district administration and assured of quick response to restore the damages.

ULFA-I militant killed in encounter in Assam

The deceased has been identified as Gyan Asom. A senior police officer who does not want to be named told ET, “While one was killed we believe two or three others were injured. A large amount of arms and ammunition has been recovered.

Be loud and proud about it

In countries like the US and UK, people sing their national anthem without being self-conscious. In the US, in fact, singers take great pride in putting their own unique stamp on the familiar tune, whether it is at the beginning of a big game or a political rally.

International

Germany not keen on Kaliningrad blockade: Media sources

Lithuanian officials have so far insisted that they are merely sticking to the letter and spirit of existing EU legislation, with Brussels until recently agreeing that goods in transit to Kaliningrad also fell under the purview of EU sanctions. The Baltic state is concerned that lifting the sanctions could adversely affect the security of the bloc, Der Spiegel reported.

12 US lawmakers urge Joe Biden to hold India accountable in WTO for its 'trade-distorting practices'

The US must not yield for the sake of reaching a consensus. Instead, America must work to promote solutions that will alleviate the global supply chain and food shortages. It must take actions that will address those consumers most impacted by inflation and rising food prices, the lawmakers demanded. India has defended its stand at the WTO. Several countries and organisations across the world have applauded India for taking a firm stand in protecting the interests of its farmers.

Russia-Ukraine War: US announces $820M in Ukraine aid, including missile systems

Iran: Earthquake of magnitude 6.1 strikes Tehran

Entertainment

Bollywood is threatened by India's other movie-making powerhouse

A new genre of films from southern India — epic, big-budget, over-the-top action flicks, some of them served with a dollop of toxic masculinity and gory violence — are increasingly dominating the country’s $24 billion media and entertainment market, and in some cases, making their mark beyond India.

GLOBAL INDIANS 2022 presented ....

PVR to install over 20 ICE Theatres in India basis performance of pilot screens

“When it comes to introducing a new specialty format, we pilot the program first and then subject to satisfactory performance, we roll out in big numbers,” Renaud Palliere, CEO of the Luxury Collection at PVR told ET.

PVR restarts capex cycle, plans to open 125 screens in FY23

"The company is restarting its capex cycle from FY 2022-23 and has plans of opening (around) 125 screens this year, breaking its own record of opening 87 screens in a year in FY 2019-20. The company had opened 29 screens across 5 properties in FY 2021-22," the report said.

Teachnology

Uber CEO Dara Khosrowshahi dismissed talk of a sale, but should it keep the India biz?

Uber’s plans for its India business are a subject of speculation. India is a mere sliver at 0.5% of its global revenue after more than nine years in the country. And things aren’t looking up either.

Unfriended: What Sheryl Sandberg’s sign out from Facebook means for the tech giant in India

A first-generation ‘Facebooker’ and Zuckerberg’s close lieutenant, Sandberg’s decision to leave Meta has come when it’s facing regulatory and policy heat globally. Sandberg was closely associated with Meta’s India policy team and her exit will be a huge blow for the company, especially in its largest market.

City shifts, curriculum tweaks, gig work: how TCS, Accenture, IBM et al. are managing staffing blues

There was a time when the IT sector could afford to have undeployed employees because it enjoyed growth and high margins. As margins shrunk, it had to hire as and when needed. Now, after a hiring spree, the industry is staring at a slowdown. Besides short-term measures, companies are looking at slower-to-impact but longer-term changes to fix talent issues.

Flipkart’s lead shrinks ahead of an IPO as growth slows amid stiff competition

Flipkart’s pole position in India’s e-commerce market seems to be under threat from multiple quarters. While slowing growth and the entry into new businesses that require substantial investments could be a cause of concern for investors, the company’s broad-ranging tie-up with the Adani Group can be a confidence-booster, especially under intense regulatory heat.

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

GST collection surges by 56% YoY to Rs 1,44,616 crore in June

The Goods and Services Tax (GST) revenue for the month of June surged by 56% on an annual basis to nearly Rs 1.45 lakh crore as against Rs 1.4 lakh crore in May, revealed finance minister Nirmala Sitharaman on Friday.

Govt taking measures to help MSMEs increase exports: PM Modi

The Prime Minister observed that difficulty in getting loans without guarantees was a major obstacle for the vulnerable sections of the society to pursue the path of entrepreneurship.

5 years of GST: The irritants that we need to iron out

GST Authorities can investigate affairs of taxpayers for a long period of 5 years and 9 months. It is common experience that GST Authorities calls for details and documents for such a long period and that too within very short time.

India raises basic import tax on gold to 12.5% from 7.5%

India fufills most of its gold demand through imports, which were putting pressure on the rupee which hit a record low earlier this week.

Markets

Bull or bear? Who entered the ring of stock markets first?

Bullish and bearish are two terms used by stock market experts to convey their outlook. But how did these terms enter the stock market lexicon? A closer look into the etymology of the words bull and bear reveals some interesting facts.

Equity can be a risky asset class even when you don't invest in the stock market. Here’s how.

Moving in and out of the market could lead you to miss out on days when market is in a good mood. As per available data, if you had missed out on only 10 days out of 40 years of the BSE Sensex, you would have lost two-third of your returns. So what’s the right strategy to follow?

Grasim’s paints-industry dream is alright. But what about companies already painting the town red?

Grasim’s entry into the paints business with a truckload of cash is likely to impact the industry’s dynamics. Experts, however, are of the view that the giants of the industry may not feel the ripples. But two questions still loom large. Is there enough space for everyone? And will this impact industry-wide margins?

Can investors time the stock markets? Tracking valuation metrics may help.

We analysed the Sensex data over the past 30 years to check if valuation metrics can predict its fall or rise. Specifically, does higher valuation result in lower returns or crash and vice-versa? We found the price-to-book ratio to have some predictive power. Here’s how.

Automibile

PV sales rev up in June as output now in high gear

Homegrown auto major Tata Motors, too, posted growth of 87% to sell 45,197 units in June. Shailesh Chandra, managing director, Tata Motors (PV and Tata Passenger Electric Mobility), confirmed that "demand for passenger vehicles continued to stay strong in the first quarter even as the supply side remained moderately impacted due to the lockdown in China."

Hero MotoCorp sales up 3 per cent in June

​​​ The company had sold 4,69,160 units in the corresponding month of the previous year, Hero MotoCorp said in a statement. In the domestic market, sales rose to 4,63,210 units last month from 4,38,514 units in June 2021. Exports last month stood at 21,657 units as against 30,646 units in the year-ago period.

Honda Motorcycle and Scooter India sales rise 65 pc in June

In the domestic market, the sales grew 65 per cent to 3,55,560 units in June 2022 as compared with 2,12,453 units in the same month last year, it said.

Nissan Motor India reports marginal rise in domestic wholesales in June

Nissan Motor India Managing Director Rakesh Srivastava said the company's compact SUV Magnite continues to have strong demand momentum with a pending pipeline of 16,000 plus bookings.

Asnlive Headlines

Sports

India vs England, 5th Test: Rishabh Pant and Ravindra Jadeja rebuild Indian innings after top order collapses

Sindhu loses to nemesis Tai Tzu Ying, exits Malaysia Open

It was a close contest in the decider as both the shuttlers fought tooth and nail till 12 points before Tai Tzu put Sindhu under pressure with a mix of drop shots and smashes to clinch the third game and keep her title defence hopes alive.[Read More]

Neeraj Chopra betters national record, misses 90 m narrowly

Less than a month after he set a new national record on his return to top competition, Olympic gold medallist Neeraj Chopra is at it again - he has bettered his own mark with the javelin at the Stockholm Diamond League.[Read More]

Neeraj Chopra claims silver at Diamond League, sets a new national record

Defence

View: NATO expansion won’t solve problems, will increase tension

Thirty-one years after the defeat of the Soviet Union and Communism, the spectre of another confrontation between the West and what is left of the Soviet empire has risen again. The question of NATO’s continued relevance after the demise of the Soviet Union was debated within the Western alliance.[Read More]

Army, Navy begin recruitment under Agnipath scheme

Violent protests against the scheme had rocked several states for nearly a week after it was unveiled on June 14 and opposition parties demanded its rollback. The Ministry of Defence on Friday said on Twitter, "Registration for Agniveers in Indian Navy begins today."[Read More]

Udaipur tailor murder: Pakistan-based Dawat-e-Islami rejects link to any acts of terrorism

The organisation, with its headquarters in Pakistan's commercial capital Karachi, has been under the spotlight after it emerged that one of the two men who carried out a deadly attack in Udaipur, Rajasthan, was inspired by the Dawat-e-Islami and had visited Karachi in 2014.[Read More]

DRDO's autonomous plane's maiden flight "successful"

The flight marked a major milestone in proving critical technologies towards development of future unmanned aircraft and is a significant step towards self-reliance in such strategic defence technologies, the statement read.The unmanned aerial vehicle (UAV) is designed and developed by the Aeronautical Development Establishment (ADE), Bengaluru,[Read More]
Our YouTube ChannelOur Facebook PageOur Twitter PageOur LinkedIn PageOur Instagram PageOur Whatsapp NumberYour Idea