The 1,300 entities that purchased electoral bonds to make political donations potentially face questions from tax authorities on deductions that were made on these contributions with the Supreme Court having scrapped the scheme in February.
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1Front Page
2Pure Politics
The management of an educational institution in Maharashtra’s Saswad was stunned when it invited former Shiv Sena MLA and ex-minister Vijay Shivtare to address students.
India has successfully developed and certified a new explosive that is 2.01 times more lethal than standard TNT (Trinitrotoluene).The high-performance explosive is one of the most powerful non-nuclear explosives in the world. The new formulation, which has been certified after extensive testing by the Navy, has the potential to revolutionise bombs, artillery shells and warheads by significantly improving their destructive power without increasing weight.
Gen Upendra Dwivedi on Sunday assumed charge as the 30th chief of the Army staff. Gen Dwivedi succeeds Gen Manoj Pande, who superannuated after more than four decades of service.
Opposition leader R Ashoka has claimed that CM Siddaramaiah engineered the defeat of Congress candidate DK Suresh in Bengaluru Rural to cut his brother and deputy CM DK Shivakumar to size.
Andhra Pradesh chief minister N Chandrababu Naidu, a key ally of BJP-led NDA, is likely to meet Prime Minister Narendra Modi and finance minister Nirmala Sitharaman this week to raise budget-specific demands for the state.
Senior IAS officer Sujata Saunik on Sunday took over as Maharashtra chief secretary. She is the first woman in the state’s history to occupy the top post. Sujata, an IAS officer of the 1987-batch, succeeds Nitin Kareer.
National Investigation Agency on Sunday carried out searches at five places in Rajouri district of J&K in connection with an attack in Reasi on June 9, in which nine people were killed and 33 injured.
During a recent event, Maharashtra CM Eknath Shinde spoke about the importance of planting trees and said that some are planting bamboo, which too is good for environment as it gives a lot of oxygen.
Without divulging the outlines of what it proposes to do, Pakistan army announced another operation, ‘Azm-e-Istehkam’ (resolve for stability), against Tehreek-eTaliban Pakistan (TTP) and Baloch separatists in Khyber Pakhtunkhwa (KPK) and Balochistan provinces.
The initial draft of the three new criminal laws to be implemented from July 1, 2024, was framed at the Central Bureau of Investigation (CBI) headquarters at Lodhi road here as the Union home ministry (MHA) wanted to maintain confidentiality and discreetness over the proceedings, said officials aware of the matter.
Today, former Vice-President M Venkaiah Naidu Garu turns 75. While wishing him a long and healthy life, this is an occasion to celebrate a leader whose life journey showcases dedication, adaptability and an unwavering commitment to public service.
The Centre has granted three-month extension to validity of the FCRA registration of non-governmental organisations, renewal applications of which are pending, till September 30, 2024.
After a three month hiatus due to the Lok Sabha elections, Prime Minister Narendra Modi’s monthly 'Mann ki Baat' returned on Sunday in which he thanked the voters and the Election Commission of India for the smooth process of electing a new government in which 65 crore voters took part.
External Affairs Minister S Jaishankar on Sunday met Qatar’s Prime Minister and Foreign Minister Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani in Doha and discussed a slew of issues, including the Gaza situation and Qatari investments in India.
Navy chief Admiral Dinesh K Tripathi began a five-day visit to Bangladesh on Sunday with an aim to further consolidate the bilateral defence engagement and explore new avenues of cooperation in the maritime domain.
The Delhi High Court will on Monday deliver its verdict on the issue of maintainability of a plea by chief minister Arvind Kejriwal's close aide Bibhav Kumar challenging his arrest in connection with the alleged assault on AAP MP Swati Maliwal at the CM's residence.
A team from the National Commission for Women (NCW) reached Coochbehar's Mathabhanga on Sunday to investigate reports that a woman belonging to a minority community was allegedly assaulted and stripped, for her allegiance to the BJP.
West Bengal Governor CV Ananda Bose on Sunday said that "Bengal is facing financial breakdown" after meeting the Union Finance Minister Nirmala Sitharaman yesterday in New Delhi. The Governor demanded "an emergency cabinet and issuance of white paper."
3Companies: Pursuit of Profit
India’s warehousing sector is seeing increasing adoption of solar power, driven by cost savings, environmental benefits as well as supportive government policies.
The Mumbai bench of the National Company Law Tribunal (NCLT) has approved the acquisition of bankrupt listed infrastructure firm Valecha Engineering Ltd by a consortium of JK Solutions Pvt Ltd and One Media Facility Management.
The telecom department is expected to issue a demand note to telcos this week for payment of spectrum they bought in the just-concluded auction, according to a source.
The Volkswagen Group’s wholly-owned Indian subsidiary, Skoda Auto Volkswagen India, has made “great progress” in talks for a potential equity partnership with an Indian company.
India’s drug regulator is considering making inclusion of international nomenclature of cosmetic ingredients (INCI) compulsory on every cosmetic product label, to make it easier for consumers to identify the composition of the product regardless of their origin or brand, people in the know told ET.
Heatwave conditions and seasonality of the hotel business (demand is typically low in the quarter through June) have likely impacted revenue growth in May 2024.
Flexible workspace provider Awfis Space Solutions is targeting a 50% expansion of its portfolio to reach 135,000 seats by the end of the current fiscal year, with managed office space accounting for the bulk of it.
4The Edit Page
India’s stupendous victory in the T20 World Cup final has electrified the nation. This celebration in the team’s prowess in the country’s favourite sport is well-deserved and very well understandable.
Financial market regulators are flagging risks from heightened trading in derivatives in the Indian equity market. The surge in trading futures and options of listed stocks coincides with rising household exposure to equities, and regulators are approaching the development with investor protection and systemic risk on their mind.
Dress it up any way you want. Put lipstick on the most beautiful pigs that you want. But it’s indisputable that India won this ICC T20 World Cup only because of Jasprit Bumrah.
Bolivia is one happening country. Since breaking free from Spain in 1825, this nation of 12.5 mn has clocked up around 190 coups, military dictatorships and revolutions.
Central banks have shown they can take forceful action to head off the most dramatic increase in inflation in a generation. They took steps to protect the purchasing power of people and firms. Although the last mile to return to price stability is not yet complete, the end is well in sight.
Once you’ve stopped getting overwhelmed by Taylor Swift’s extra-musical powers, turn to the music of LA indie band, Lord Huron, especially their ‘I Lied’. Also featuring folk singer Allison Ponthier, this song is haunting that captures the very core regret.
5Economy: Macro, Micro & More
Conditions are favourable for further advance of southwest Monsoon into some more parts of West Rajasthan, Haryana, Chandigarh & Punjab in the next 2-3.
With six years to go, progress on achieving the Sustainable Development Goals by 2030 remains uneven, slow and mostly elusive. The United Nation’s annual report card, Sustainable Development Goals Report 2024, launched in New York on Friday, finds only 17 % of the SDG targets are currently on track, with nearly half showing minimal or moderate progress, and over one-third stalled or regressing.
The construction of the ₹12,940-crore 'Urja Ganga' gas pipeline, India's most ambitious project taking environment-friendly fuel to eastern parts of the country, has been delayed by nine months and will now be completed by March 2025, state-owned GAIL (India) Ltd said.
India has initiated an anti-dumping probe into the import of glass fibre from China, Thailand, Bahrain following a complaint by a domestic player.
Gross new subscriber additions by the Employees' Provident Fund Organisation (EPFO) declined by over 4% to 10.9 million in FY24 from a year ago, according to a report by the Ministry of Statistics & Programme Implementation. According to ‘Payroll Reporting in India: An Employment Perspective–January to April, 2024’, the EPFO’s gross additions of new members fell from 11.5 million in FY23.
Indian economy is poised for potentially a stable high growth phase and it is also in a strong position in the context of significant risks that the country is facing, RBI's monetary policy committee member Shashanka Bhide said on Sunday. Bhide further said with the growth of income that would support domestic demand and additions to production or supply capacity reflected by high levels of investment spending in the last couple of years, domestic economic activity is expected to sustain its momentum.
To ease the compliance burden for insolvency professionals, and enhance the effectiveness of the liquidation process, the IBBI has launched a set of electronic forms under the Insolvency and Bankruptcy Code.
Railway Minister Ashwini Vaishnaw on Sunday said new railway projects worth Rs 1 lakh crore will be implemented in Odisha in the next five years. Vaishnaw said this while addressing a felicitation programme organised by Odisha BJP here to felicitate the party's 20 MPs and 78 MLAs elected in recently held Lok Sabha and Assembly polls in the state.
6Around the World
French voters flocked to the polls on Sunday in the first round of a snap parliamentary election that could usher in the country’s first far-right government since World War Two, a potential sea change at the heart of the European Union.
Israeli forces advanced further on Sunday into the Shejaia neighbourhood of northern Gaza and also pushed deeper into western and central Rafah in the south, killing at least six Palestinians and destroying several homes, residents said.
Factory activity in China shrank for a second straight month in June, data showed Sunday, underscoring the country's shaky economic recovery ahead of a key political gathering expected to focus on deepening reform.
The downturn in China’s residential real estate sector slowed further in June, following the government’s efforts to put a floor under the housing market in some of its biggest cities.
Britain's deputy prime minister warned Sunday that the country's upcoming general election faces threats from hostile actors such as Russia seeking to influence the UK's democratic process.
Hurricane Beryl is forecast to strengthen into a powerful Category 4 storm as it approaches the southeast Caribbean, which began shutting down Sunday amid urgent pleads from government officials for people to take shelter.
Canada’s WestJet Airlines said it was forced to cancel 235 flights on Saturday after a surprise strike by its mechanics, despite government intervention seeking to prevent holiday weekend travel disruptions.
7Smart Investing
Wary bankers and deceptive ‘mules’ are playing a cat-and-mouse game. Several high-street banks have either stopped or slowed down opening sole proprietorship and individual current accounts of firms that are less than a year old amid suspicion that they could be ‘money mules’ for laundering and digital frauds.
Public sector banks (PSBs) have a higher rate of technical decline in their unified payments interface (UPI) systems when compared with private lenders, according to data from the National Payments Corporation of India (NPCI).
Apart from high food inflation, incomplete transmission of the 250 basis point policy rate hikes since May 2022 could delay reversal of the rate cycle by the Reserve Bank of India (RBI).
8ET Panache
High temperatures can have an alarming effect on our bodies, raising the risk of heart attacks, heat stroke and death, particularly among older adults and those with chronic diseases.
9Sports World Play
In sport choking is the worst possible feeling. This is when a player or team has victory in grasp and then feels an almost visceral inability to take the final step.
Belgium must go into their Euro 2024 round of 16 game with France full of belief if they are to stand a chance of progressing in the tournament, manager Domenico Tedesco said on Sunday.
10Brands & Companies
The India-South Africa T20 World Cup final had a peak concurrency of 53 million, but fell short of last year’s India-Australia title match in the 50-over format in the metric that shows the highest number of viewers during a live stream.
The US-based buyout fund Platinum Equity Advisors has signed its debut private equity deal in India. It has acquired a significant majority stake in Inventia Healthcare, Mumbai-based pharmaceuticals company, at a valuation of ₹2,500 crore ($300 million), said multiple people aware of the development.
Godrej Properties has purchased Transfer of Development Rights (TDR) certificates from an individual for `50 crore for its Sector 43 project in Gurugram, a practice common in Mumbai but just getting started in NCR. This will help the company construct an additional 300,000 sq ft of area, with a total revenue potential of `900 crore, said people with knowledge of the matter.
11Disruption: Startups & Tech
After establishing themselves as a reliable sourcing channel for unsecured consumer credit, fintech startups are now trying to tap into the secured credit market. Players like PhonePe, Cred and Paytm are looking for partnerships with non-banking finance companies (NBFCs) to process such loans.
Listed food delivery and quick commerce major Zomato said in a regulatory filing that it has received a tax demand, along with interest and penalty, aggregating ₹9.5 crore from the Karnataka commercial taxes authority.
Karnataka has come up with a draft bill to mandate app-based delivery and ride-hailing platforms to give social security benefits to gig workers and proposes other welfare measures. The government has placed the draft law in public domain seeking comments from stakeholders.
At about the time that the country was absorbed by the nail-biting T20 World Cup final on Saturday, a 1,000-strong audience cheered for esports champions at the Battleground Mobile India (BGMI) series event at Hyderabad. This signifies the increasing popularity of such pursuits even in a cricket-crazy nation like India.
New Jersey is emerging as the new hub for Indian IT companies, their top executives and many of the Indian-origin engineers who work in the US.
Meta took down over 15.6 million pieces of bad content across 13 policies for Facebook and more than 5.8 million pieces of objectionable content across 12 policies for Instagram in India in May.
The shared (public) cloud infrastructure market reached $26.3 billion in the first quarter of this year globally, up 43.9% compared to a year ago, according to an IDC report. The public cloud infrastructure is expected to grow 30.4% YoY to $108.3 billion for the full year.
12ET Markets
Amid massive selling by promoters and private equity players in the secondary market, fresh capital raised via initial public offerings (IPOs) in the first-half of the year has surged to the highest in nine years, indicating a slow revival in capital expenditure by India's private sector.
Axis Bank may have cleaned up its bad loans and reoriented the business, but it has a long way to go in terms of market share and dominance in various segments, says chief executive Amitabh Chaudhry.
Foreign portfolio investors (FIP) are increasing their stakes in Indian equities on expectations of policy continuity and the relatively lower weight they have assigned to India among emerging markets.
Nifty could extend its gains as momentum remains strong with technical charts suggesting a positive bias. If the Index crosses and sustains above the 24,200 level, the momentum could push it towards 24,500-24,600.
ET Print Edition: All you need to know
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What is ET Print Edition?
How can you access ET Print Edition?
What are the most significant features of ET Print Edition?
ET Print Edition is a digital avatar of the Economic Times newspaper. It has gained immense popularity amongst avid readers in no time. Here’s why it’s being loved by several readers.
In today’s fast-paced world, reading a newspaper while having a cup of tea is a distant dream. Realising the hardship faced by newspaper lovers nowadays, Economic Times has come up with a unique initiative called ET Print Edition.
The ET Print Edition is a digital experience of the Economic Times newspaper, which is published daily. It helps you get the enormous amount of valuable information published in the newspaper daily in the digital form.
So, you get acquainted with all national and international affairs of the world while you are on the go. The best part is you can access the digital copies of our daily published stories in the print, anytime, anywhere.
What is ET Print Edition?
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ET Print Edition is a digital avatar of the Economic Times newspaper. It has gained immense popularity amongst avid readers in no time. Here’s why it’s being loved by several readers.
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