Moody's Ratings on Tuesday projected general government debt to stabilise above 80 per cent of GDP over the next three years, down from 89.3 per cent in 2020-21. "General government interest payments to fall to around 24 per cent of general government revenue over the next two years from over 28 per cent in fiscal 2020-21, although this remains much higher than the median 8.7 per cent recorded by Baa-rated peers," Moody's Ratings associate managing director Gene Fang said in a post-Budget reaction.
Finance Minister Nirmala Sitharaman on Tuesday said the securities transaction tax (STT) will be increased on futures and options (F&O) trade from October 1 to discourage retail investors from investing in the risky instrument.
Foxconn's business in India has grown to over $10 billion till 2024.
Historically, India has never been expansionist in its outlook and her approach has always been of peaceful coexistence and one designed to deter the forces of terror and disruption.
'If the period between 1991 and 2014 was about laying the foundations and building the runway, the period from 2014 to 2024 has been about the aircraft taking off.'
'What volumes will we have with a Rs 1 lakh product?' 'As a company, we will not restrict it to a segment.'
'Private General insurers are poised to grow at 17 per cent - 18 per cent over the next 5 to 7 years and we will grow faster.'
Partha Pratim Sengupta, who will be taking charge as the MD & CEO of Bandhan Bank in early November, has his task cut out. The Kolkata-based lender, which converted itself from a microfinance institution to a universal bank, is in its 10th year of operation. The bank was able to cut down the share of the micro loan book over these years.
On Sunday morning Eastern US time, four astronauts will zoom into space on a SpaceX Falcon 9 rocket from the Kennedy Space Centre in Florida. Commanding the spaceflight is Raja Chari, a United States Air Force colonel.
Prime Minister Narendra Modi and his Spanish counterpart Pedro Sanchez on Monday inaugurated the Tata Advanced System Limited (TASL)-Airbus facility in Vadodara to manufacture C-295 military aircraft in India.
'Our growth in banking, financial services, and insurance (BFSI) is a prime example.'
'We are very quickly going to announce the timeline of our launches, which should start giving us the turnaround'
The observations were made by a bench comprising Chief Justice DY Chandrachud and Justice Manoj Misra during the hearing of an appeal filed by the City and Industrial Development Corporation, Navi Mumbai against a Bombay high court verdict.
His statement came a day after the ISRO successfully launched its TV-D1 test vehicle ahead of the human space flight mission Gaganyaan.
Chari, 43, will serve as the commander while NASA's Tom Marshburn will be pilot and ESA's Matthias Maurer will serve as a mission specialist for the SpaceX Crew-3 mission to the ISS, which is expected to launched next year.
"What we have heard today only confirms what we have been saying consistently all along -- Canada has presented us no evidence whatsoever in support of the serious allegations that it has chosen to level against India and Indian diplomats," the MEA spokesperson said in the statement.
Framing the next chapter in Swiggy's journey as a responsible corporate citizen, co-founder and chief executive officer (CEO) Sriharsha Majety unveiled the company's eagerly awaited public listing. Majety, who has largely shunned the spotlight, shared reflections on his entrepreneurial path and the strategic pivots he and his co-founders navigated in building Swiggy. "We started with code aggregation, then pivoted to logistics, and that became Swiggy.
Global supermajor BP Plc's exclusivity with Reliance Industries Ltd has ended but the energy giant will continue to pursue oil and gas as well as mobility ventures in India with the Mukesh Ambani firm owing to an unwritten strategic partnership, BP's outgoing India head Sashi Mukundan said. BP in 2011 spent $7.2 billion to acquire 30 per cent interest in 23 oil and gas blocks of Reliance. Eastern offshore KG-D6 block was the cornerstone of the deal that also provided for a 10-year exclusivity period which meant that BP would take up energy projects or investments in India only in partnership with Reliance.
'Subject to any worldwide economic collapse.'
'We have entered the commodity space with a long-term view.'
ISRO has to select astronauts, training them to withstand the space environment, and then bring them back to earth and rehabilitate them.
Gandhi also criticised the RSS for believing that India is "one idea".
'I humbly request the government to create safe spaces for ALL women, the strictest of punishment and the swiftest justice.'
'Perhaps the most important political trend affecting armed conflict in the 21st century, will be in the relationship between civilians and those who fight on their behalf,' points out Lieutenant General Anil Chait (retd), who served as chief of the Integrated Defence Staff and Central Army Commander.
'Hopefully, he will be back from his injuries soon. The priority will be the Champions Trophy, so we are going to make sure he is ready for that.'
In the test, a space rocket boosted a hypersonic glide vehicle, one capable of carrying a nuclear device, which circled the globe before impacting.
'Two nations would continue to pursue shared interests in space that includes collaboration on safety and security in space'
Months after winning the Lok Sabha polls from Sirsa, the former Union minister and the Congress' prominent Dalit face also indicated her desire to contest the upcoming assembly elections and said she wishes to work in the state but the high command will take a final call on the matter.
'ISRO's style is a terrific example of being able to survive, acknowledge failures, and then most importantly of all, learn from them to ensure that subsequent missions are successful.'
'We have loved Braveheart, Lord of the Rings, Game of Thrones and Apocalypto.' 'The thought was 'When are we going to do such films?''
A day after a stampede in Hathras claimed 121 lives, Uttar Pradesh minister Asim Arun on Wednesday said the state government has started work on standard operating procedures (SOPs) for granting permission for large gatherings to prevent such incidents in future.
Former US President Obama was featured wearing a number of ensembles some gladiator-inspired and a basketball one among others.
Glimpses from the opening of the Adani Green Energy Gallery at the Science Museum in London.
Taking cognisance of post-poll violence in Andhra Pradesh, the Election Commission of India has summoned the state's chief secretary and the Director General of Police (DGP) on Thursday to 'personally explain' the administration's failure to contain the incidents, sources said.
High pilot utilisation, combined with a portion of pilots taking sick leave at the end of March has resulted in the cancellations during the last couple of days, chief executive officer (CEO) of Vistara, Vinod Kannan, said during a meeting with the pilots on Wednesday.
Spain's 'vertical football' too much for ageing Croatia
Lightning Logistics, Shreyas Shibulal's start-up, rents out electric scooters along with the riders for last mile delivery.
'We are going to need more technical people in government.' 'You can't expect a generalist to understand the complicated world of financial engineering.' 'I regret to say that most of our politicians have no competence to deal with these things. Nor is there a willingness to learn.'
It would be ludicrous to expect Modi, Erdogan or Biden to pay to keep blue ticks on their respective official accounts. It would be equally ludicrous to expect the Delhi Metro or the Income Tax Department to pay, points out Devangshu Datta.
It is unclear if this episode will affect or prevent the lunar lander -- which was slated to land near the moon's south pole as soon as Monday -- from attempting a touchdown.
