The week in charts: Corporate profit, job reservation, rural housing

The week in charts: Corporate profit, job reservation, rural housing

Posted on: 19 Jul, 02:41 AM

News and developments from the week gone by, through numbers and charts.

mint | Key Points
Paris Olympics 2024: <a class=Indian breakers wait for their big break" />

Paris Olympics 2024: Indian breakers wait for their big break

Posted on: 19 Jul, 02:41 AM

Breaking is all set to debut as an Olympic sport at Paris. However, for India's B-Boys and B-Girls, the wait goes on due to a lack of support

mint | Key Points
Mint Quick Edit | IDBI Bank’s stake sale: Progress at last

Mint Quick Edit | IDBI Bank’s stake sale: Progress at last

Posted on: 19 Jul, 02:41 AM

RBI's certification of bidders as ‘fit and proper’ paves the way for the government to sell a big equity stake in the bank. This is a shot in the arm for India's languishing disinvestment programme. Can we expect more action?

mint | Key Points
On this day: Events on July 19, Apollo 11 and its astronauts enter moon orbit in 1969, Seneca Falls Convention and more

On this day: Events on July 19, Apollo 11 and its astronauts enter moon orbit in 1969, Seneca Falls Convention and more

Posted on: 19 Jul, 02:41 AM

On this day: July 19, 1848 saw the first Convention on women’s rights at Seneca Falls, while in 1969, Apollo 11 astronauts orbited the moon before Neil Armstrong’s famous moonwalk on July 20.

mint | Key Points
Reliance Industries Q1 results today: Key insights on O2C, telecom performance

Reliance Industries Q1 results today: Key insights on O2C, telecom performance

Posted on: 19 Jul, 02:41 AM

Reliance Industries Ltd. is set to announce its Q1 2024 earnings on July 19. The company’s board will meet to approve the financial results, which will be presented to analysts and the media post-market hours. Key areas to watch include performance in O2C, telecom, and retail segments.

mint | Key Points
Adani Ports gets a rating upgrade from ICRA

Adani Ports gets a rating upgrade from ICRA

Posted on: 18 Jul, 09:41 PM

The company's upgrade follows a Bloomberg report that revealed plans to significantly increase investment in its southern India trans-shipment container port to Rs 100 billion. This ambitious move aims to attract some of the world's largest ships, according to sources familiar with the matter.

Economic Times | Key Points
New asset class could bring in flexibility with higher ticket size

New asset class could bring in flexibility with higher ticket size

Posted on: 18 Jul, 09:41 PM

Revolutionary new asset class proposed by India's market regulator, offering high-ticket investments between mutual funds and PMS/AIFs. Get ready for a wave of unique investment opportunities with flexible strategies and regulatory oversight. Will this shake up the financial industry? Find out more!

Economic Times | Key Points
Xiaomi takes back smartphone crown from Samsung in India

Xiaomi takes back smartphone crown from Samsung in India

Posted on: 18 Jul, 09:41 PM

Xiaomi reclaimed the top spot in India's smartphone market in June, with Samsung in third behind Vivo. Canalys reports Xiaomi at 18% share with 24% growth; Vivo also at 18%; Samsung down 8%. Realme and Oppo followed. Market shipments increased 1% to 36.4 million units. Xiaomi faces an ED probe; vendors launch devices. Management exits, offline expansion, and financing continue.

Economic Times | Key Points
Budget 2024: Finance ministry could approve more funds under PMAY-G for six more months through March 2025

Budget 2024: Finance ministry could approve more funds under PMAY-G for six more months through March 2025

Posted on: 18 Jul, 09:41 PM

Government to extend release of funds for rural housing scheme, aiming to complete 3.14 million unfinished houses by March 2025. Shocking revelations of alleged irregularities in West Bengal and Odisha causing delays in completion. Massive push for 'housing for all' goal with plans to construct 20 million more rural houses and 10 million urban houses. Could assistance for beneficiaries be doubled to ₹2 lakh per house? Stay tuned for the explosive announcements in the upcoming budget! Millions of families eagerly await the dream of owning a home.

Economic Times | Key Points
India Inc boards make more room for young guns

India Inc boards make more room for young guns

Posted on: 18 Jul, 09:41 PM

Young directors under 40 are rising in Bengalurus India Inc boardrooms, with a 456% increase in independent directors. As of March 31, 2024, they make up 8.2% of 19,686 NSE-listed company directors, up by 239 in a year. Harsh Mariwala, Shailesh Haribhakti, and Monica Agrawal emphasize their digital skills and supply constraints.

Economic Times | Key Points
Himanta Sarma warns Jharkhand against 'ghuspaithiye', says Muslim population in Assam has reached 40%

Himanta Sarma warns Jharkhand against 'ghuspaithiye', says Muslim population in Assam has reached 40%

Posted on: 18 Jul, 11:41 AM

In response, Congress reminds Assam CM Himanta Biswa Sarma, also BJP’s Jharkhand election co-incharge, of his time campaigning in minority-dominated areas of Assam during 2024 polls.

ThePrint | Key Points
On edge after bypoll losses, Uttarakhand <a class=BJP stresses party worker is king. ‘Don’t impose, don't ignore’" />

On edge after bypoll losses, Uttarakhand BJP stresses party worker is king. ‘Don’t impose, don't ignore’

Posted on: 18 Jul, 11:41 AM

Though party won all 5 Lok Sabha seats in state, it is shaky after the bypoll defeats. Former CM Tirath Singh Rawat expressed concern at the way party workers were being treated.

ThePrint | Key Points
PLI for electronics working well, but the sector isn’t ready for incentives to be withdrawn yet

PLI for electronics working well, but the sector isn’t ready for incentives to be withdrawn yet

Posted on: 18 Jul, 11:41 AM

Experts say that govt’s PLI scheme has done better than previous measures to boost electronics manufacturing in India, but next phase must focus on value addition.

ThePrint | Key Points
'Women assaulted, crops razed by JCB' — another FIR against Jharkhand BJP MP Dhullu Mahto

'Women assaulted, crops razed by JCB' — another FIR against Jharkhand BJP MP Dhullu Mahto

Posted on: 18 Jul, 11:41 AM

CM Soren has asked police and administration to take strict action. Matter has sparked anger among Jharkhand's political and social circles in backdrop of Mahto's criminal history.

ThePrint | Key Points
BJP mandarins have found reason for party's reduced LS tally. 'Conspiracy’ by <a class=foreign powers & Oppn" />

BJP mandarins have found reason for party's reduced LS tally. 'Conspiracy’ by foreign powers & Oppn

Posted on: 18 Jul, 11:41 AM

Other than 'foreign hands', Opposition’s 'lies' about Constitution are being prominently blamed in review meetings for party’s tally coming down from 303 to 240 seats.

ThePrint | Key Points
India & Canada's frosty relations & how Trump shooting has BJP praying for his safety — global media

India & Canada's frosty relations & how Trump shooting has BJP praying for his safety — global media

Posted on: 18 Jul, 11:41 AM

International media argues that tech giants should consider complying with India’s policies, even creating tools like Indian language AI & a case of mass cyanide poisoning in Thailand.

ThePrint | Key Points
Army’s proposed 360-degree evaluation isn’t the best move. Take lessons from civil services

Army’s proposed 360-degree evaluation isn’t the best move. Take lessons from civil services

Posted on: 18 Jul, 11:41 AM

While implementing the proposed 360-degree appraisal method, the Army should keep in mind that its existing system isn’t bad, inefficient, corroded or corrupt.

ThePrint | Key Points
Demanding closure of minority cell, BJP's Suvendu says 'Sabka saath, sabka vikas' must stop, sparks row

Demanding closure of minority cell, BJP's Suvendu says 'Sabka saath, sabka vikas' must stop, sparks row

Posted on: 18 Jul, 11:41 AM

Drawing flak for his rejection of what Modi uses as a slogan to define his inclusive governance, the BJP MLA later said his statement had no link to PM's development work.

ThePrint | Key Points
After Tamil Nadu, Bengal forms 7-member <a class=panel to review new criminal laws. Governor questions intent" />

After Tamil Nadu, Bengal forms 7-member panel to review new criminal laws. Governor questions intent

Posted on: 18 Jul, 11:41 AM

The committee will speak to academic and legal experts, and also seek public opinion to suggest changes in the 3 laws. Panel to submit report within three months.

ThePrint | Key Points
Months before assembly polls, Haryana CM Saini declares 10% Agniveer quota in police, mining guard jobs

Months before assembly polls, Haryana CM Saini declares 10% Agniveer quota in police, mining guard jobs

Posted on: 18 Jul, 11:41 AM

Agnipath scheme was major poll issue in Haryana, Rajasthan, UP. ‘People want rollback of scheme, not reservation in jobs,’ says Congress's Bhupinder Singh Hooda.

ThePrint | Key Points
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