Barack Obama defends Joe Biden, says ‘bad debate nights happen’ Former US President Barack Obama stood by President Joe Biden and acknowledged that “bad debate nights” happen after the latter’s subdued performance in the first presidential debate with his Republican rival Donald Trump. Former US President Barack Obama on Friday (local time) backed his Democrat … Read more
Rishi Sunak condemns racist slur from Reform campaigner: It hurts, makes me angry In the UK, Prime Minister Rishi Sunak condemned racist slurs directed at him by Reform UK campaigners. Sunak said he was “hurt” and “angry” by such comments. British Prime Minister Rishi Sunak on Friday condemned the use of a racist slur against … Read more
No slowdown in US aid for Israel, thousands of 2,000-pound bombs sent: Report Since October 7, the US transferred at least 14,000 of the MK-84 2,000-pound bombs, 6,500 500-pound bombs, 3,000 Hellfire missiles, 1,000 bunker-buster bombs, 2,600 air-dropped small-diameter bombs, and other munitions, according to officials. The Biden administration has sent to Israel large numbers … Read more
Pro-Palestine protesters sought to disrupt US President Joe Biden’s fundraiser in Manhattan, setting off smoke bombs and leading to the arrest of at least 32 demonstrators. Protests by anti-Gaza war proponents against US President Joe Biden’s fundraiser in Manhattan, New York turned violent on Friday, resulting in multiple arrests and clashes with police. The event, … Read more
Oxford India Forum: Sunjay Kapur on future of EVs and biggest challenges During a panel discussion, Kapur highlighted the Indian government’s significant investment in electrification and new technologies through production-linked incentive schemes. Sunjay Kapur, chairman of Sona Comstar, discussed the future of electric vehicles (EVs) at the Oxford India Forum, highlighting that the global shift … Read more
Sensex, Nifty end lower as bank stocks drag; Axis Bank falls 2% The S&P BSE Sensex lost 210.45 points to 79,032.73, while the NSE Nifty50 ended 33.90 points lower at 24,010.60. Benchmark stock market indices erased gains to end lower on Friday, dragged by a decline in banking and financial stocks. The S&P BSE Sensex lost 210.45 points … Read more
The Mutual Evaluation Report of India, adopted at the FATF plenary held in Singapore between June 26 and June 28, placed India in the ‘regular follow-up’ category. India achieved an outstanding outcome in the Mutual Evaluation conducted during 2023-24 by the Financial Action Task Force (FATF). The Mutual Evaluation Report of India, which was adopted … Read more
Finance Minister Nirmala Sitharaman is expected to present the Budget for 2024 on July 23 or 24, with experts suggesting that the government may look to provide tax relief in a bid to boost consumption. The government is likely to increase the tax exemption threshold under the new tax regime from Rs 3 lakh to Rs 5 … Read more
Shares of food delivery company Zomato have surged over 61% this year, driven by strong performance and positive sentiment from brokerages. Zomato shares gained over 2% in early trade as multiple brokerages reiterated their bullish outlook following Prosus’ FY24 annual report, which highlighted that Zomato is growing faster than Swiggy. The stock has garnered attention … Read more
Boeing’s sales took a hit in May, with no orders for its best-selling 737 Max for the second consecutive month, according to results released on Tuesday. The company received orders for only four new planes, a stark contrast to Europe’s Airbus, which reported net orders for 15 planes, factoring in 27 sales and 12 cancellations. … Read more