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Top News / The Economic Times

DMart Q1 Results: PAT grows 17.5% YoY to Rs 774 crore, revenue up 19%

Contribution from General Merchandise and Apparel continued to improve during the quarter and this is reflected in the gross margin uptick (Q1 FY 2025 vs Q1 FY 2024). Operating costs have gone up due to continuing effort on improving service levels and building capability for the future

13 Jul 2024 3:10 pm
Odisha: Raj Bhavan employee alleges assault by Governor Raghubar Das's son, complaint lodged

Baikuntha Pradhan, a Raj Bhavan employee in Odisha, alleged that he was assaulted by Governor Raghubar Das's son, Lalit Kumar, and six others on July 7. Pradhan filed a complaint at Sea Beach Police Station in Puri and wrote to the Governor about the incident. His wife, Sayoj, claims Pradhan was beaten because Lalit Kumar wanted a luxury car, but many were on duty for the President's visit. No response yet from Governor's office or Lalit Kumar.

13 Jul 2024 3:02 pm
Priyanka Gandhi slams NDA's 'Samvidhan Hatya Diwas' declaration, cites hypocrisy

Congress leader Priyanka Gandhi Vadra has attacked the National Democratic Alliance (NDA)-led central government's announcement to observe June 25 as 'Samvidhan Hatya Diwas' (Constitution Murder Day) in India. Vadra stated that those who repeatedly attacked the spirit of the Constitution and democracy would celebrate 'Samvidhan Hatya Diwas' with negative politics.

13 Jul 2024 2:55 pm
It designer Gaurav Gupta takes on counterfeiters, files 9 cases with Delhi High Court suing them for Rs 2 crore each

Designer Gaurav Gupta is taking a leading role in combating counterfeit luxury products in India. He has filed nine cases with the Delhi High Court against counterfeiters, seeking Rs 2 crore in damages from each and aiming for restraining orders. Gupta, whose designs have been worn by celebrities like Beyonce and Mindy Kaling, has seen three cases ruled in his favor, with interim injunctions in the other six.

13 Jul 2024 2:55 pm
BJP's losing streak will continue unless it respects state's sentiment: Tamil Nadu CM Stalin

DMK candidate Anniyur Siva is set for a resounding victory in the Vikravandi by-election in Tamil Nadu. Chief Minister MK Stalin highlighted DMK's focus on state development and criticised the BJP for failing to respect Tamil Nadu's sentiments. Stalin expressed gratitude to Vikravandi voters as Siva leads by 58,785 votes. Stalin emphasied the INDIA alliance's strong performance in recent elections and accusing the BJP of resorting to false propaganda.

13 Jul 2024 2:50 pm
This multibagger pharma stock turns Rs 10,000 to Rs 2.7 lakh in 10 years. Should you buy?

Accordingly, if an investor had invested Rs 10,000 in the stock four years ago and stayed put, the investment would have jumped to 2.7 lakh, according to an analysis by ET Markets.

13 Jul 2024 2:46 pm
Own overage vehicle in Delhi? Here is your chance to avail discount up to 20% on purchase of new one

Delhi government plans to incentivize scrapping overage vehicles by offering discounts on motor vehicle tax up to 20%. Owners can receive certificates valid for 3 years to purchase new vehicles. Supreme Court regulations in place for older diesel and petrol vehicles in Delhi.

13 Jul 2024 2:45 pm
Domestic investors infuse $638 million in realty sector in Apr-Jun, up 5 times annually: Vestian

Domestic investors pumped USD 637.9 million into the Indian real estate sector in Q2 of 2024, marking a significant increase compared to the previous year, as per data released by Vestian. Institutional investments in Indian real estate rose by 96 per cent to USD 3.1 billion during April-June, with foreign investors dominating the market. The industrial & warehousing sector attracted the most investments, followed by residential and commercial assets. Investments are expected to rise further in

13 Jul 2024 2:42 pm
Amazon Sale 20 - 21 July - Top brand deals during Prime Day 2024 revealed

Amazon Prime Day 2024 is set to offer unbeatable deals on a wide range of top brands from July 20-21. This years sale includes significant discounts on electronics, home essentials, fashion, beauty products, and more. Dont miss out on this opportunity to grab the best deals of the year and upgrade your lifestyle at a fraction of the cost.

13 Jul 2024 2:38 pm
DDA to not carry out demolition drive in Majnu Ka Tila on Saturday, Sunday: Sources

The Delhi Development Authority (DDA) will not carry out a demolition drive against encroachment on the Yamnua flood plain near Majnu Ka Tila gurdwara on Saturday and Sunday. The DDA has requested residents to vacate the area by Friday, citing the National Green Tribunal's April 3 order and the Delhi High Court's March 12 order.

13 Jul 2024 2:36 pm
Radhika Merchant gets emotional during fairytale bridal entry as Shreya Ghoshal sings live. Watch video

A fairytale wedding unfolded at the Jio World Convention Centre in Mumbai, as Radhika Merchant and Anant Ambani tied the knot in a grand ceremony filled with emotional moments. The star-studded event featured lavish entrances, stunning bridal attire, and heartfelt reactions that captivated social media. Get ready to be mesmerized by the elegance of this extravagant affair!

13 Jul 2024 2:36 pm
Four children die due to suspected Chandipura virus infection in Gujarat; Here are symptoms and other details

Four children have died in Gujarat's Sabarkantha district from a suspected Chandipura virus infection, with two more undergoing treatment. Health authorities are awaiting confirmation from the National Institute of Virology in Pune. Preventive measures are being taken to control the spread of the virus.

13 Jul 2024 2:29 pm
AstaGuru's 'International Iconic' auction to feature Modigliani, Picasso, and more

AstaGuru's 'International Iconic' auction on July 19-20 features Modigliani's Tete De Cariatide, Kusama's Hi Konnichiwa, and Botero's 2023 paper series, encompassing humour, sentiment, and pleasures of love. Also included are works by Chagall, Dali, Magritte, Picasso, Hirst, Koons, Wei, and Jenkell. Larissa Guimaraes highlights the diversity. Previous auctions totaled Rs 108 crore. Modigliani's bronze from 1906 is a focal point.

13 Jul 2024 2:22 pm
Parody account posts fake message, Maharashtra police book Dhruv Rathee

According to the state cyber department, the account with the handle @dhruvrahtee had claimed on X that Birla's daughter had cleared the Union Public Service Commission (UPSC) exam without appearing for it.

13 Jul 2024 2:19 pm
Ola CEO Bhavish Aggarwal under fire for advocating 70-hour work week: Doctor warns of premature death

Ola CEO Bhavish Aggarwal has endorsed a 70-hour work week, supporting Infosys founder Narayana Murthy's advice. Despite criticism, Aggarwal dismissed the concept of work-life balance, arguing that enjoyment of work naturally fosters happiness. In response, Dr. Sudhir Kumar, a senior neurologist, highlighted significant health risks associated with long working hours, including stroke, heart disease, and premature death.

13 Jul 2024 2:18 pm
Robot 'suicide' in South Korea: What caused it and its impact on the future of robotics

Gumi City Councils Robot Supervisor, an ID-carrying 9-to-5 robot by Bear Robotics, was found unresponsive. Operational since August 2023, it delivered documents and promotions using elevators. The incident at Gumi City Hall is under investigation, leading to a delay in robot deployment. South Korea's high robot adoption rate is noted by the International Federation of Robotics.

13 Jul 2024 2:14 pm
Meteorites from Mars help scientists understand the red planet's interior

Of the over 74,000 known meteorites on Earth, only around 385 originate from Mars. Scientists can determine that these meteorites come from Mars through various pieces of evidence, including the unique composition of Mars' atmosphere and its distinct oxygen isotopes.

13 Jul 2024 2:01 pm
Ports, Shipping and Waterways Ministry approves Rs 46.47 lakh dredged sediment reuse project

According to a statement by the ministry on Saturday, the project has been sanctioned at an estimated cost of Rs 46,47,380. The 'Valorization of dredged sediments' is the reuse of sediments as raw material for civil engineering and other purposes. It can be a sustainable solution to reduce the strain on natural resources and eliminate waste.

13 Jul 2024 1:58 pm
Ananya, Khushi, and Shanaya's matching lehenga at Anant Ambani's baraat goes viral. Fan dubs them 'Ludo ki goti'

Anant Ambani and Radhika Merchant's wedding was a glamorous event with Gen Z celebrities like Ananya Panday, Suhana Khan, Khushi Kapoor, and Shanaya Kapoor stealing the spotlight. Despite initial fashion criticism, the trio stunned in sequin-embroidered ensembles and elegant lehengas, showcasing a remarkable style transformation.

13 Jul 2024 1:57 pm
CUET-UG result: Delay may push DU first year semester start to August 16, says Vice Chancellor

The commencement of the first-year semester at Delhi University may be delayed to August 16 due to pending CUET-UG results, impacting the academic calendar. VC Yogesh Singh stated the delay won't affect other semesters starting on August 1. The NTA, dealing with NEET-UG and UGC-NET issues, hasn't communicated a CUET-UG result date. This delay affects admissions to 46 Central universities, including DU and JNU.

13 Jul 2024 1:55 pm
Maldives climate minister released in 'black magic' case

Former Maldives climate change minister accused of performing 'black magic' on the president has been released after being detained. The investigation is still ongoing, with the nature of the allegations undisclosed. Traditional ceremonies are widely practiced in the archipelago, despite not being a criminal offense.

13 Jul 2024 1:51 pm
Iran president-elect ready for 'constructive dialogue' with Europe

The 69-year-old has called for constructive relations with Western countries to get Iran out of its isolation, and favours reviving the 2015 nuclear deal between Iran and global powers.

13 Jul 2024 1:50 pm
Inflation is highest in Odisha at 7.22% followed by Bihar and Karnataka: SBI research

India's inflation landscape showed spatial variability in June 2024, with 12 out of 22 states reporting rates exceeding the national average of 5.1%. Odisha had the highest inflation at 7.22%, followed by Bihar at 6.37% and Karnataka at 5.98%. The Index of Industrial Production (IIP) surged to a seven-month high of 5.9% in May, reflecting robust growth in mining, manufacturing, and electricity production.

13 Jul 2024 1:43 pm
Budget needs to think about farmers to help India get to developed economy goal

Budget Expectations for agriculture: The share of agriculture in India's economy has declined to less than 15%, yet it remains crucial due to rural dependence and food security. Budget measures aim to improve productivity through fertilizer subsidy allocation, crop diversification, expedited crop loss claims, fair prices for farmers, boosting pulse production, R&D, labor challenges, and focusing on low-yield Eastern states.

13 Jul 2024 1:34 pm
BJP, its govt at Centre playing Kejriwal's life: AAP MP Sanjay Singh

AAP Rajya Sabha member Sanjay Singh said Kejriwal's weight was 70 kg when he was arrested by the Enforcement Directorate (ED) on March 21 in the excise policy-linked money laundering case. Now, his weight has reduced to 61.5 kg, he claimed.

13 Jul 2024 1:23 pm
ET Mutual Funds Explains: Want to know the future value of your financial goals? Use this formula

Many investors just pick a random number. Many investors pick up big numbers, usually Rs 50 lakh or Rs 1 crore which they think will suffice for their future. Inflation significantly reduces the purchasing power of money over time, so the amount that appears substantial now might not be enough in the coming years.

13 Jul 2024 1:21 pm
Aditya Birla Capitals legal head Amber Gupta joins NSE to head legal and compliance

NSE India has appointed Amber Gupta as senior vice president and head of legal. Gupta, a University of Lucknow alumnus, previously worked with several firms. He is known for being pragmatic, detail-oriented, and a good team player. In April, Yukti Sharma joined Kinara Capital as vice president, while Angel One Ltd appointed Meenal Maheshwari Shah as general counsel in February.

13 Jul 2024 1:20 pm
UP Man bitten by snake seven times on Saturday in last 40 days; Doctors to investigate case

A 24-year-old man in Uttar Pradesh's Fatehpur was allegedly bitten by a snake for the seventh time in 40 days. The man has been identified as Vikas Dubey.

13 Jul 2024 1:19 pm
Govt mulls handing over MTNL operations to BSNL; merger unlikely

The government is considering an agreement to transfer the operations of Mahanagar Telephone Nigam Ltd (MTNL) to Bharat Sanchar Nigam Ltd (BSNL) instead of pursuing a merger, according to a source familiar with the matter. A decision on this is expected within a month.

13 Jul 2024 1:18 pm
The yield curve and what to bear in mind

Now, the market has been divided into which part of the curve to remain focussed on, as the yield curve has flattened. Whether you take 1y Tbill or 30yGSEC, the rates are around 7%, give or take. The RBI repo rate as everyone knows, is 6.5% - the next move, we and the market believe, will be down, but the timing is not clear basis current inflationary dynamics

13 Jul 2024 1:17 pm
When will Anant-Radkika's wedding end? Ambanis to hold special reception for household staff

The Ambani family will host a special reception for their household staff following Anant and Radhika's wedding celebrations. The event will honor staff members from various Ambani residences, highlighting the family's gratitude and inclusive values.

13 Jul 2024 1:16 pm
Premiumization in India: Unlocking investment opportunities

Consider the automotive industry: 60% of car registrations in India in FY24 have been SUVs, highlighting a preference for higher-end vehicles offering status and comfort. In the two-wheeler segment, growth is driven by demand for power bikes Similarly, metropolitan real estate markets, particularly in Mumbai, NCR, Bangalore, and Chennai show a rise in demand for luxury properties India's luxury housing market is thriving, as it recorded a 10 per cent year-on-year (Y-o-Y) growth in sales during t

13 Jul 2024 1:14 pm
Himachal Bypolls: CM Sukhu's wife Kamlesh wins Dehra seat

Kamlesh Thakur won the Dehra seat by over 9000 votes against BJP's Hoshiyar Singh. Congress' Hardeep Singh Bawa led in Nalagarh, and BJP's Ashish Sharma led Hamirpur. Resignations of Independent legislators resulted in vacant seats, accepted June 3. Their support in Rajya Sabha preceded resignations. BJP fielded ex-MLAs, not affecting Congress' majority.

13 Jul 2024 1:13 pm
Anant Ambani wedding menu revealed: Guests feast on caviar tiramisu, rabri lassi and more. What all was served?

Anant Ambani, son of Asia's richest tycoon, married his childhood sweetheart Radhika Merchant in a lavish three-day wedding that featured a star-studded guest list, including Kim Kardashian, Shah Rukh Khan, and former UK prime ministers Tony Blair and Boris Johnson. The event, set against a backdrop resembling Varanasi, showcased a culinary extravaganza with traditional Indian sweets and exotic global cuisines.

13 Jul 2024 1:12 pm
Poland to spend 5% of GDP on defence in 2025, says foreign minister

Poland plans to increase defence spending to 5% of GDP in 2025, up from over 4% this year, in response to security concerns following Russia's invasion of Ukraine, according to Foreign Minister Radoslaw Sikorski. The country aims to boost its defence budget by around 10% next year, with Army Chief of Staff General Wieslaw Kukula emphasizing the need to prepare soldiers for potential all-out conflict.

13 Jul 2024 1:08 pm
People deserve better than a powerless CM: Omar Abdullah after MHA amends J-K Reorganisation Act

Earlier today, the Ministry of Home Affairs amended the Jammu and Kashmir Reorganization Act, 2019 enhancing some powers of the Lieutenant Governor of the erstwhile state.

13 Jul 2024 12:58 pm
Kashmir 'Martyrs Day': Mehbooba, other politicians claim they are under 'house arrest'

Several political leaders in Jammu and Kashmir have been allegedly put under house arrest, preventing them from visiting the 'martyrs' graveyard'. The leaders expressed frustration at the restrictions, with no official response from authorities. The situation highlights ongoing tensions and challenges in the region.

13 Jul 2024 12:57 pm
With 4 mn users, Digi Yatra will be expanded to 15 new airports

Initially, Digi Yatra was started in three cities in Delhi, Bengaluru, and Varanasi, later it expanded its footprint across major airports in the country, including Mumbai, Hyderabad, Pune and Kolkata.

13 Jul 2024 12:49 pm
Women labourers discover reasure trove while excavating rainwater harvesting pit in Kerala

A group of women laborers digging a rainwater harvesting pit at a private rubber plantation in Chengalayi, unearthed a container filled with precious jewels and old coins on Thursday. Initially suspecting it to be a bomb or black magic, they cautiously opened the container, discovering what locals consider an invaluable treasure trove.

13 Jul 2024 12:46 pm
Canada to crack down on study permit loopholes: New rules to safeguard international students

Canada's government plans to suspend study permit processing for post-secondary students if schools fail to monitor international student enrollment. Proposed regulations mandate colleges and universities to report student attendance and compliance, aiming to curb permit misuse for work and protect against scams. Additionally, students must apply for new permits when switching schools, outlined in the Canada Gazette.

13 Jul 2024 12:46 pm
BJP looking at past, must focus on future: Sanjay Raut on 'Samvidhaan Hatya Diwas'

Shiv Sena (UBT) leader Sanjay Raut criticised the Bharatiya Janata Party (BJP) for dwelling on the past 50 years after the Emergency instead of focusing on the future. This came as a response to the Centre's decision to observe June 25 as Samvidhaan Hatya Diwas. He linked the current situation to the Emergency era under Prime Minister Narendra Modi's tenure, citing abuse of power, jailing of opponents, rising corruption, and China's incursion.

13 Jul 2024 12:40 pm
Radhika Merchant's wedding lehenga decoded: From designer to stylist, know all about her bridal look

Radhika Merchant and Anant Ambani's wedding featured heirloom jewels and a custom bridal lehenga, blending tradition with modern elegance. The couple celebrated with a lavish ceremony attended by prominent figures from various fields.

13 Jul 2024 12:23 pm
Union Budget: What lies ahead in Budget 2024 for indirect taxes?

Budget Expectations: The upcoming Union Budget by NDA 3.0 is highly anticipated for its economic and social welfare policies to rejuvenate India. The budget is expected to focus on infrastructure, healthcare, education, job creation, and tax reliefs. Indirect taxation, including GST, will be a key area of scrutiny, with potential adjustments to customs duties and the introduction of production-linked incentive schemes. The industry eagerly awaits measures to streamline compliance processes, boos

13 Jul 2024 12:21 pm