The Association of Mutual Funds in India (AMFI) has expressed support for SEBI chief Madhabi Puri Buch, stating that the recent Hindenburg report seeks to “create a trust deficit in the market ecosystem”. This response follows allegations by US short-seller Hindenburg Research, which indicated that SEBI’s reluctance to act against the Adani Group might be […]
‘India must balance strategic interests and ties with Bangladesh’s interim government’ – CNBC TV18
The political landscape in Bangladesh has experienced a seismic shift with the recent resignation of former Prime Minister Sheikh Hasina and the subsequent appointment of Nobel laureate Muhammad Yunus as the head of the interim government. This development, accompanied by the formation of a 16-member council of advisers, marks a significant turning point for the […]
Silicosis-Prone Industries: Supreme Court tells NGT to ensure compliance, NHRC to oversee workers’ compensation – CNBC TV18
The Supreme Court of India has directed the National Green Tribunal (NGT) to monitor industries prone to silicosis and ensure compliance with safety standards. In a ruling on August 6, the Court emphasised the need for preventive measures against the spread of this debilitating disease, primarily affecting workers in mining, construction, and stone cutting. Justice […]
From PepsiCo to P&G, India becomes next big growth bet as China lags – CNBC TV18
India has become the next big bet for PepsiCo, Unilever and other packaged goods giants looking to fill the growth vacuum left by an uneven recovery in China. With India’s economy expanding at the fastest pace among major emerging markets, companies are trying to serve its diverse palette by launching new flavors and size variants […]
RBI’s hawkish stance surprises markets – is the central bank being overly cautious? Experts weigh in – CNBC TV18
The Reserve Bank of India (RBI) took the market by surprise today with its hawkish tone, despite holding the repo rate steady and maintaining its current stance as expected. With the US Federal Reserve now anticipated to cut rates by 125 basis points in 2024, a significant shift from the 25 basis points expected during […]
The drop Mark Matthews is waiting for before buying in the Indian market – CNBC TV18
Mark Matthews of Bank Julius Baer & Co. says he will buy in the Indian market if it falls by at least 10% from current levels. “I would say at least 10%. A pullback is, let’s say, 5%. And then a correction would be 10%, and a bear market is anything more than 20%. I […]
India may record above-normal rainfall in August, September: IMD – CNBC TV18
India is predicted to record above-normal rainfall in August and September, with a good chance of favourable La Nina conditions developing by the end of August, the India Meteorological Department (IMD) said on Thursday. Prediction of above-normal rain means there’s a high possibility of landslides and floods. The monsoon is critical for India’s agricultural landscape, […]
Exact number of Indian nationals recruited into Russian army unclear, says MEA – CNBC TV18
The Ministry of External Affairs on Thursday (August 1) said the exact number of such Indian nationals recruited into the Russian armed forces is unclear. As per the current information, 12 Indian nationals have already left the Russian armed forces while another 63 individuals are seeking early discharge. Eight deaths have been reported where the […]
Amitabh Bachchan’s life-size statue in US now a tourist attraction on Google Maps – CNBC TV18
Bollywood legend Amitabh Bachchan’s life-size statue in New Jersey has officially been recognised as a tourist attraction on Google Maps. The statue, installed by Indian-American businessman Gopi Seth outside his Edison home in August 2022, is located about 35 km south of Manhattan, according to PTI. It has become a popular spot for visitors and […]
UK’s new government to restart trade talks with India and other partners – CNBC TV18
Britain’s new government said on Monday it was restarting talks aimed at securing free trade agreements (FTAs) with India and countries in the Gulf Cooperation Council. Prime Minister Keir Starmer, whose Labour Party returned to government after 14 years in opposition following a landslide victory at a July 4 election, has made economic growth the […]