Author: anjali.sinha1404

In the wake of a recent court decision, Pakistan’s Prime Minister Shehbaz Sharif has affirmed that the legal verdict will have no bearing on the determined plans of Pakistan Muslim League-Nawaz (PML-N) supremo, Nawaz Sharif to make his imminent return to the country. On Friday, Pakistan’s Prime Minister, Shehbaz Sharif, expressed his reservations regarding the timing of the recent verdict by the apex court concerning the Supreme Court (Review of Judgements and Orders) Act 2024, as per a report by Pakistan-based Geo News. He emphasised that this court decision would not cast any impact on the intended plans of Nawaz…

Air India has embarked on a comprehensive transformation journey, with a $400 million refurbishment program and a bold new logo, “The Vista”. CEO Campbell Wilson revealed that this significant investment is reshaping the airline’s legacy 777 and 787 Dreamliner planes, ensuring a state-of-the-art experience for passengers. Honoring Legacy, Embracing Change: “The Vista” Logo Amidst rumors about the retirement of its beloved ‘Maharaja’ mascot, Air India CEO Campbell Wilson has reassured stakeholders that the cherished symbol will persist, adapting seamlessly to coexist with the airline’s new logo, ‘The Vista’. This emblem encapsulates the limitless potential and forward-looking spirit of a transformed…

In a significant move aimed at enhancing the efficiency of the Indian capital markets, the Securities and Exchange Board of India (SEBI) has announced a reduction in the timeline for listing Initial Public Offerings (IPOs). The market regulator’s circular, dated August 9, brings a reduction from the existing T+6 (six working days after the IPO closure) to T+3 (three working days after the IPO closure). This measure will streamline the listing process and offer increased accessibility for investors. Under the revised framework, the timeline for listing specified securities after the closure of a public issue has been shortened to just…

Adani Enterprises Ltd. is reportedly considering the sale of its stake in the consumer-staple joint venture with Wilmar International Ltd. The move aims to generate capital for Adani’s core business activities. Insider sources disclosed that the conglomerate has been investigating the possibility of disinvesting its 44% stake in Adani Wilmar Ltd. for several months now. At present, Adani’s shares are valued at approximately $2.7 billion based on internal sources . It is suggested that Indian billionaire Gautam Adani and his family might retain a minority stake in a personal capacity after the sale. Wilmar, the Singapore-based food conglomerate co-founded by…

After a gap of nearly five decades, Russia is poised to reclaim its position on the lunar stage with the upcoming launch of the Luna-25 spacecraft. Russia is all set to launch its initial lunar landing craft on Friday, engaging in a competitive sprint with India toward the southern pole of the moon. The pole holds promise as a potential water source that could aid future human activities. The launch, occurring from the Vostochny Cosmodrome, located 3,450 miles east of Moscow, is scheduled just four weeks after India’s Chandrayan-3 lunar lander was set up. Assembling a Soyuz rocket for the…

A devastating incident unfolded in the Sindh Province of Pakistan On Sunday, as a passenger train , Hazra Express derailed, resulting in a substantial loss of lives and leaving many others injured. The train with approximately 16 to 17 cars and over 1000 passengers on board, was en route from Karachi to the northwest Khyber PakhtunKhwa province when tragedy struck. Reports indicate that at least 10 cars of the Express train derailed while crossing a canal bridge near the Sarhari Railway Station in the Nawabshah area. The accident claimed the lives of at least 30 individuals and left over 100…

 Zelensky issues stark warning of war returning to Russia as latest drone attack damages building in Moscow. Ukrainian President Volodymyr Zelensky delivered a decisive message on Sunday as he warned that the specter of “war” was drawing ever closer to Russia. His statement came in the aftermath of the attack where three Ukrainian drones were downed over Moscow early on Sunday. As per the reports of the defense ministry of Russia, in the drone attack, two office towers were damaged, and an International airport experienced a temporary shutdown. During his visit to the western city of Ivano- Frankivsk President Zelensky…

After terminating the joint venture with Foxconn, Vedanta’s Chairman, Anil Agarwal, announced that the company has identified a “world-Class” technology partner for its semiconductor unit in India. The finalization process of evaluating the partnership is currently underway. Agarwal, speaking at the “Semicon India 2024” event in Gandhinagar, emphasized Vedanta’s unwavering dedication to semiconductor manufacturing and display fab. He added that Gujarat is the ideal location for building India’s silicon valley. Praising PM Narendra Modi and the Gujarat state government for their unwavering commitment to transforming India into a semiconductor hub in Asia, he asserted that the country is now considered…

Image Credit :- News nation On July 27, Finance Minister Nirmala Sitharaman announced that the government would assess the potential implementation of the Production Linked Incentive (PLI) scheme in the chemicals and Petrochemicals sector. The objective is to transform India into a prominent manufacturing hub for these essential products. Addressing the third edition of the summit on ‘Global Chemicals and Petrochemicals Manufacturing Hubs In India’, Finance Minister Niramala Sitharaman highlighted that due to stringent pollution control regulations and increasing labor costs, international chemical manufacturers are exploring opportunities to diversify their product range and production capabilities. In this context, India stands…

Image credit :- aseanop.com On Tuesday, the International Monetary Fund(IMF) raised India’s economic growth forecast for the fiscal year 2024-24 by 20 basis points to 6.1 percent. The Upward revision is attributed to India’s exceptional growth momentum in the March quarter of the fiscal year 2022-23, surpassing expectations. The IMF’s “World Economic Outlook” (WEO) report, updated in April, indicated a 0.2 percentage point increase from its previous projection of 5.9%, highlighting the positive impact of robust domestic investment on India’s economic outlook. This upward revision to India’s growth forecast for the fiscal year 2024-24 came as a reversal to its…