GDP for Q3 FY24 expected to be 6.8%: SBI Ecowrap
According to the Ecowrap, GDP should grow in the range of 6.7-6.9 per cent, factoring in the slight decline in economic activity in the third quarter. Key Points
Business TodaySPMs handling crude oil at state ports operating at 84 pc capacity
In the calendar year 2021, a total of 86.07 million metric tonnes of crude was handled, while in year 2022, it grew slightly by 1.2 percent to 87.1 million metric tonnes, the reply stated. Key Points
The Indian ExpressIndia reports 752 new Covid cases, 4 deaths in 24 hours
The number of people recuperated from the disease has increased to 4,44,71,212, and the national recovery rate stands at 98.81%, health ministry said. Key Points
ThePrintRailway service begins on India-Nepal axis
Kathmandu: The operations on a section of the cross-border Jaynagar-Bijalpura-Bardibas rail line connecting India and Nepal began on Sunday. Nepal’s Minister for Physical Infrastructure and Transport, Prakash Jwala, launched the operations in Bijalpura, the Indian Embassy stated. PTI Key Points
The Tribune IndiaEmily Browning breaks silence on Class of 07 being compared to Yellowjackets
Emily Browning has broken silence on her series Class of 07 being compared to series Yellowjackets. She stated she's not worried if fans are comparing the two. Key Points
Hindustan Times
Fraudster poses as Supreme Court Chief Justice Chandrachud, demands ₹500 for cab ride- Here’s what happened
The Supreme Court of India lodged a cyber crime complaint against a social media handle impersonating Chief Justice DY Chandrachud and requesting ₹500 for a cab fare. The complaint was filed after a viral screenshot caught CJI Chandrachud’s attention. ; Key Points
mintED attaches properties worth Rs 45.23 cr in bank fraud case
New Delhi [India], January 8 (ANI): The Directorate of Enforcement (ED) has provisionally attached four immovable properties worth Rs 45.23 crore in a bank fraud case involving Associate High Pressure Technologies Private Limited (AHPTL), an official statement said on Monday. ED stated that the attached properties include a land parcel worth Rs 37.39 crore situated […] Key Points
ThePrintDaily Covid-19 cases in India highest in 140 days
The death toll has increased to 5,30,816 with three deaths. One death each has been reported by Karnataka, Gujarat and Maharashtra, the data updated at 8 am stated. Key Points
FinancialexpressActive Covid-19 cases in country rise to 6,559: Union Health Ministry
The death toll increased to 5,30,808 with two deaths. While one death was reported by Odisha, another was reconciled by Kerala, the data updated at 8 am stated. Key Points
Financialexpress796 fresh Covid-19 infections in India, active cases cross 5K after 109 days
The death toll increased to 5,30,795 with five fatalities, the data updated at 8 am stated.While Karnataka, Himachal Pradesh, Puducherry and Uttar Pradesh reported one death each, one was reconciled by Kerala. Key Points
Financialexpress
Vikramjit Singh resigns as president of Lemon Tree Hotels
Lemon Tree Hotels announced in a regulatory filing that Vikramjit Singh, the company's president, has resigned to pursue entrepreneurial endeavors. The resignation, effective January 31, 2024, was disclosed on Wednesday. Singh has served the hotel chain for 18 years. In his resignation letter, Singh cited no 'material reasons' for his departure. Key Points
Economic TimesIMF raises India’s FY24 forecast to 6.1%
“Growth in India is projected at 6.1% in 2023, a 0.2 percentage point upward revision compared with the April projection, reflecting momentum from stronger-than-expected growth in the fourth quarter of 2022 as a result of stronger domestic investment,” the IMF stated in its July update of the World Economic Outlook (WEO). Key Points
Economic TimesNIA chargesheet: PFI wanted islamic rule in India by 2047
The NIA stated this in its latest chargesheet against 12 members of the National Executive Council of the now-banned PFI. With this, the agency said it had named 105 leaders and activists of the organisation in its five chargesheets. Key Points
Economic TimesRBI MPC meet FY25: Repo rate to be same at 6.5%, say brokerages, banks
Foreign brokerages, Goldman Sachs and Morgan Stanley, have stated that the MPC may keep the repo rate on hold in the first half of the fiscal. They have predicted the first rate cut in the July-September quarter. Key Points
Business TodayCipla eyes acquisitions, inorganic partnerships in US market
Cipla plans acquisitions and inorganic partnerships in the US market while strengthening its presence in the domestic market. The company aims to improve top line growth in Europe and expand margins in South Africa. It will focus on commercial execution, resolving USFDA observations, and growing private and select tender business. Derisking top launches and resolving regulatory issues at manufacturing plants are top priorities. Key Points
Economic Times
Kelly Clarkson opens up about the diagnosis of a health condition that prompted her to make a few life mod
Kevin James has commented the Since U Been Gone singer was looking very nice. Kelly Clarkson has revealed that she was on the borderline of diabetes diagnosis, however waited for two years before taking precautionary measures. Here's everything to know more Key Points
Economic TimesK-shaped recovery narrative flawed and baseless: SBI Research
The State Bank of India researchers stated that nearly half of India's consumption will be carried out by the lower-income segment, comprising 90% of the population, by the end of the next decade. This prediction highlights the country's progress in bridging the inequality gap and challenges the notion of a flawed K-shaped recovery. According to the researchers, the post-pandemic period witnessed a significant shift in consumption patterns, with an additional Rs 8.2 trillion of consumption now being directed towards the lower end of the economic pyramid. Key Points
Economic TimesPM Modi to inaugurate second edition of Kashi Tamil Sangamam in Varanasi today
Prime Minister Narenda Modi is set to inaugurate the second edition of the Kashi Tamil Sangamam today. The Union Ministry of Education will be the nodal agency for this event. Key Points
India TodayGenus Power Infrastructures wins order worth Rs 2,259.94 crores
India Business News: Genus Power Infrastructures has secured a Rs 2,259.94 crore order for a smart meter project, bringing its total order book to over Rs 19,000 crore. Th Key Points
Times Of IndiaCos can't run sweat shops, force employees to work extra: Karnataka IT Minister on 70-hours suggestion
Karnataka IT Minister Priyank Kharge has expressed his stance on Narayana Murthy's recent statement regarding working hours. Kharge believes that companies should not be allowed to force individuals to work extra hours and emphasized that 'sweatshops' should not be tolerated. Instead of focusing on the number of hours worked, Kharge suggests assessing an individual's productivity. Key Points
Economic Times
Karnataka govt to get 'fact-checkers' to comb social media for fake news. 'Not bid to control narrative'
Siddaramaiah-led Congress govt plans to employ fact-checking companies that use AI to detect & categorise online information. ‘Syndicates' behind malicious information to be 'punished'. Key Points
ThePrintManipur: 12 militants released after mob stops security forces
An official release from Defence PRO stated that a mob of approximately 1200-1500, led by women and the local leader immediately surrounded the target area and prevented Security Forces from continuing with the operation, despite repeated appeals, to the aggressive mob, as per law. However, it did not yield any positive results. Key Points
Economic TimesG7 officials to convene and address challenges of ChatGPT like generative AI Tools. All details
G7 nations will convene to address challenges posed by generative AI tools like ChatGPT. The newly established ‘Hiroshima AI process’ aims to foster discussions and deliberations on the rapid expansion of AI. In their inaugural meeting on May 30, G7 officials will focus on AI-related concerns. Key Points
mintIndia logs 756 fresh Covid cases, active caseload dips to 8,115
India on Sunday logged 756 new Covid-19 cases, while the active cases in the country dipped to 8,115 from 8,675, according to the Union Health Ministry data. With eight deaths which includes two deaths reconciled by Kerala, the death toll has increased to 5,31,832, the data updated at 8 am stated. Key Points
Economic TimesTwo youngsters drown at Mumbai’s Mahim Beach during high tide
Shirsat stated that an accidental death report has been filed in the case. "We are trying to trace family members of the second deceased as well," the officer added. Key Points
The Indian Express