Nifty futures on the Singapore Exchange traded 12.5 points, or 0.08 per cent, lower at 15,821.50, signaling that Dalal Street was headed for a muted start on Tuesday. Positive global cues and buying in most sectors helped benchmark indices gain eight-tenth of a per cent in the last session, thereby extending their uptrend for the third consecutive session. The BSE Sensex jumped 433 points to 53,161, while the Nifty50 rose 133 points to 15,832. Sterling Tools Subsidiary Sterling Gtake E-mobility (SGEM) forayed into E-LCV segment. With this development, SGEM continues to grow its presence across various E-mobility segments. Starting with supplies to a single Electric 2W customer a year back, the company now has confirmed orders from more than 10 customers. Bilcare The company said the board has appointed Shreyans Bhandari as Additional Director and Chairman & Managing Director of the company. He is the son of Mohan Bhandari, earlier Chairman and MD, who is now … [Read more...] about Stocks to Watch Today: GMR Infrastructure, JSW Steel, ICICI Bank, Cipla, and Others
Infrastructural planning
G7 Leaders Unveil USD 600 Billion Plan to Rival China’s Belt and Road Initiative in Developing Nations
US President Joe Biden and other G7 leaders have unveiled ambitious plans to mobilise USD 600 billion in funding by 2027 to deliver transparent and game-changing infrastructure projects in developing countries like India, in a move seen as a counter to China’s Belt and Road Initiative. The Partnership for Global Infrastructure and Investment (PGII) unveiled on Sunday during the G7 Summit relaunches a scheme unveiled at last year’s G7 talks in England. President Biden said the plan would deliver returns for everyone. “Today, the nations of the G7 launched the Partnership for Global Infrastructure and Investment (PGII),” Biden said. “Collectively, we aim to mobilise nearly USD 600 billion from the G7 by 2027 to invest in critical infrastructure that improves lives and delivers real gains for all of our people,” he tweeted. “I want to be clear the G7’s announcement of a new global infrastructure partnership isn’t aid or charity. It’s an investment that will deliver returns for … [Read more...] about G7 Leaders Unveil USD 600 Billion Plan to Rival China’s Belt and Road Initiative in Developing Nations
Letters to the Editor — June 28, 2022
At the China border It is worrisome that China is upgrading its defence equipment on its border with India (Page 1, “China upgraded firepower on LAC”, June 27). That these developments in terms of a military infrastructure build-up have been going on ever since the stand-off between India and China confirms the point that China has been planning meticulously in terms of a permanency. One wonders where the talks that have been held so far on disengagement and de-escalation are heading if China is working to a plan. Though India has expanded its military capabilities and augmented its border defence infrastructure, it should be alert to face any eventualities. D. Sethuraman, Chennai If the report is true, it reveals the true intentions of Beijing. And if the shared interests of India and China are dominant in other spheres, it is not clear why no major headway has been made to de-escalate the situation on the border. Keeping the border issue alive will only lead to unintended … [Read more...] about Letters to the Editor — June 28, 2022
Health authorities gear up to tackle rise in COVID-19 cases
As COVID-19 cases are registering an upward trend over the past few days, the health authorities have stepped up preventive measures and strengthened the infrastructure for treating patients. Fresh cases began to increase from the second week of June in the district. It registers an average of five to seven cases a day. Eight patients tested positive for the virus in the district on Friday. With this, the number of patients, who are under treatment for COVID-19, has gone up to 34. A woman doctor of Mahatma Gandhi Memorial Government Hospital (MGMGH) is among the patients under the treatment. She was said to have developed COVID-19 symptoms three days ago and subjected herself to the RT-PCR test. The results subsequently turned out to be positive and she opted for home treatment. The number is expected to rise further in the days to come as there is no curb on the movement of passengers from other districts that have reported a surge in the number of fresh cases over the past 10 … [Read more...] about Health authorities gear up to tackle rise in COVID-19 cases
Amma Unavagams losing sheen
Amma Unavagams in Tiruchi are losing steam due to laxity in their functioning and poor patronage. Customers feel that the canteens have lost its sheen over the years. Lack of adequate funds, infrastructure and poor management are some of the reasons attributed to the downfall of Amma canteens, according to the regulars and staff at the canteens. The self-help groups (SHGs) who run the canteens claim that there is less patronage now. “Lesser variety of food, failure to upgrade the menu, poor maintenance, infrastructural issues had led to a fall in patronage. People complain about lack of varieties, especially for breakfast and dinner,” said a staff in one of the canteens. According to Anbu, a regular customer, the canteen lacks cleanliness and is in a bad condition. "The dining space and tables are not cleaned regularly, and food is spilt all over. The canteens must be maintained properly.” Out of the 11 canteens, only a few get 300 to 400 customers a day, while the others have … [Read more...] about Amma Unavagams losing sheen
G7 Summit: Club of Rich Seek to Woo Fence-sitters to Build More Support as Ukraine Fallout Worsens
The five emerging powers — Argentina, India, Indonesia, Senegal and South Africa — have become the object of the G7 industrialised powers’ charm offensive, as the club of rich nations seeks to build a broader support base in their backing for Kyiv. But three of them failed to condemn Russia for its invasion of Ukraine. Two others did but are, like others, not spared from the consequences of the fallout from the increasingly drawn-out conflict. India, Senegal and South Africa failed to condemn Russia over its assault of Ukraine, while Argentina and Indonesia did. German Chancellor Olaf Scholz, who is hosting the G7 summit of advanced economies in the Bavarian Alps, said the invitation to the five emerging powers signalled that the community of democracies is not limited to the West or to countries in the northern hemisphere. “The democracies of the future are to be found in Asia and Africa,” the German leader said. On the eve of the guest nations joining the summit, the G7 … [Read more...] about G7 Summit: Club of Rich Seek to Woo Fence-sitters to Build More Support as Ukraine Fallout Worsens
Republicans Condemn Verizon, ‘Big Telecom’ for Entertaining Democrat Censorship Demands
Big Tech is increasingly making it impossible for Republican politicians to communicate with their constituents. In addition to social media censorship, leftists are trying to censor at the level of emails, text messages, and telecommunications infrastructure. The Republican party is getting quicker at responding to political bias from tech companies. After studies showing that 70 percent of GOP text messages go straight to spam folders compared to just eight percent of Democratic messages, Republicans have introduced the Political BIAS Emails Act . There are also a number of Republican bills targeting social media censorship, at both the federal and state level. But leftists are already moving on to a new target: telecommunications infrastructure. Verizon CEO Hans Vestberg (MANDEL NGAN/AFP/Getty Images) Telecom companies have already had an impact on national politics, with Verizon and AT&T briefly shutting down Trump’s campaign texts during the 2020 … [Read more...] about Republicans Condemn Verizon, ‘Big Telecom’ for Entertaining Democrat Censorship Demands
Russian missile strike hits crowded shopping mall in Ukraine
This is a carousel. Use Next and Previous buttons to navigate 14 KREMENCHUK, Ukraine (AP) — Rescuers searched through charred rubble of a shopping mall Tuesday looking for more victims of a Russian missile strike that killed at least 18 and wounded scores in what Ukraine's president called “one of the most daring terrorist attacks in European history.” President Volodymyr Zelensky said many of the more than 1,000 afternoon shoppers and workers inside the mall in the city of Kremenchuk managed to escape. Giant plumes of black smoke, dust and orange flames billowed from the wreckage as emergency crews combed through broken metal and concrete for victims. Drones whirred above, clouds of dark smoke still emanating from the ruins several hours after the fire was extinguished. Casualty figures rose as rescuers sifted through the smoldering rubble. The regional governor, Dmytro Lunin, … [Read more...] about Russian missile strike hits crowded shopping mall in Ukraine
From higher to hire education
Higher education policy planners and regulators are busy giving shape to the digital university, which was announced in the 2022-23 Union Budget. Though still on the drawing board, the digital university is expected to offer any number, kind, and type of course without limits on intake, in a hybrid or ‘physical plus digital’ mode. It proclaims to provide equitable access to quality higher education and employability-enhancing skill development programmes to all. Recent developments In the interim, the University Grants Commission has relaxed the norms and standards for setting up open universities. In particular, land requirement has been reduced from 40 acres to just five acres. This is likely to open the floodgates for private open universities. Simultaneously, more universities are being enabled to offer courses in the distance, open and online mode, mostly in collaboration with EdTech startups and unicorns. Some have already outsourced the delivery of their courses to such … [Read more...] about From higher to hire education
Joe Leaves Hunter Biden Voicemail About Deal with Chinese Businessman
President Joe Biden left Hunter Biden a voicemail in 2018 about a business deal with Chinese energy giant CEFC, directly contradicting Joe Biden’s statement in 2019 that he and his son had not spoken about the family’s corrupt business schemes. “Hey pal, it’s Dad. It’s 8:15 on Wednesday night. If you get a chance just give me a call. Nothing urgent. I just wanted to talk to you,” Joe Biden said , according to the Daily Mail, which first revealed the recording. “I thought the article released online, it’s going to be printed tomorrow in the Times, was good. I think you’re clear. And anyway if you get a chance give me a call, I love you,” the message concluded. Despite Joe Biden and his staff claiming at least seven times that the president has had no involvement with the Biden family business, Joe Biden’s voicemail to Hunter reveals the opposite. In 2019, Biden told reporters on the presidential campaign that he had “never” spoken to Hunter about the family’s business … [Read more...] about Joe Leaves Hunter Biden Voicemail About Deal with Chinese Businessman