Two former leaders of the far-right Proud Boys extremist group have been sentenced to more than a decade each in prison for spearheading an attack on the U.S. Capitol to try to prevent the peaceful transfer of power from Donald Trump to Joe Biden after...
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Thursday, 31 August 2023
West Virginia college files for bankruptcy a month after announcing intentions to close
Kansas officials are no longer required to change trans people’s birth certificates, judge says
Mississippi candidate for attorney general says the state isn't doing enough to protect workers
US regulators might change how they classify marijuana. Here's what that would mean
Owners of Scranton Times-Tribune, 3 other Pennsylvania dailies sell to publishing giant
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Chief Economic Adviser's Prediction On India's GDP Growth, Fiscal Deficit
Chief Economic Adviser V Anantha Nageswaran on Thursday said the economy is expected to grow at 6.5 per cent in the current fiscal notwithstanding deficient rains in August.
India recorded economic growth of 7.8 per cent in the April-June quarter of 2023-24 against 13.1 per cent in the year-ago period.
India's economy in Q1 grew at the fastest pace in a year, on the shoulders of a boost in capital expenditure both at central and state levels, along with stronger consumption demand, especially in rural areas, and improved performance in the services sector, he said.
"There is momentum in economic activity in general and it is not driven by price-related distortions. Therefore our projections still are very comfortably placed at 6.5 per cent for the current financial year," he said.
Risk is evenly distributed to around 6.5 per cent growth projection for FY2023-24, he said while briefing media following the release of first quarter GDP numbers.
Rising crude prices may warrant attention and prolonged geopolitical uncertainty and likely tighter financial conditions with continued monetary tightening can pose challenges to growth, he added.
With regard to price situation, Mr Nageswaran said food inflation is likely to subside with the arrival of fresh stock in the market and government pre-emptive measures.
Tomato prices are likely to decline with the arrival of fresh stocks by early September while enhanced imports of tur dal are expected to moderate pulse inflation, he said.
However, he said, August rain has been deficient and both the government and the Reserve Bank will be watching the food price developments.
During the first quarter, inflation stood at 4.6 per cent, lower than many developed and emerging economies.
"Food inflation was dominated by specific commodities. So, I think there is no real cause for concern that inflation would spike out of control and both the government and the Reserve Bank are taking measures in their respective domain to ensure that there is adequate supply and availability and that any price increase is moderated," he said.
With regard to fiscal deficit, Mr Nageswaran said there is no threat to the 5.9 per cent fiscal deficit announced in the Budget despite the expected shortfall with respect to disinvestment.
To finance the fiscal deficit in 2023-24, the net market borrowings from dated securities are estimated at Rs 11.8 lakh crore. The balance financing is expected to come from small savings and other sources. The gross market borrowings are estimated at Rs 15.4 lakh crore.
In Budget Estimates 2023-24, the Finance Minister had that the total receipts other than borrowings and the total expenditure are estimated at Rs 27.2 lakh crore and Rs 45 lakh crore respectively. Moreover, the net tax receipts are estimated at Rs 23.3 lakh crore.
Continuing the path of fiscal consolidation, the government intends to bring the fiscal deficit below 4.5 per cent of GDP by 2025-26.
Talking about drivers of growth, Mr Nageswaran said investment and consumer momentum will underpin solid growth prospects over the upcoming year.
The private sector capital formation, supported by the government's capex push, is underway, and that is a big plus for economic growth, employment and income gains for households, he said.
He further said that the new investment projects announced by the private sector have been highest in Q1 of FY2023-24 in 14 years.
The Union government's single-minded focus on capital expenditure over the years has crowded in the private sector and it has rubbed off on state governments too..
Expansion of public digital platforms and path-breaking measures such as PM Gati Shakti, the National Logistics Policy, and the Production-Linked Incentive schemes would boost manufacturing output, he said.
A slowdown in the global economy and trade may moderate export growth, but it may be overall better for India, he added..
With regard to consumption, he said, the rural demand for FMCGs has increased especially for high-value goods. The same trend is evident for small towns, contributing to growth, he added.
The CEA said that in spite of the global slowdown, the services sector exports have shown a remarkable performance and both manufacturing and services sectors are expanding and income growth is evident in the recovery in rural demand.
The residential real estate sector will underpin growth in the construction material sector, he added.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
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Wednesday, 30 August 2023
USA rolls past Jordan 110-62. Now Round 2 of Basketball World Cup awaits
Man who fatally shot South Carolina college student entering wrong home was justified, police say
California prison on generator power after wildfires knock out electricity and fill cells with smoke
Sex abuse charges dismissed for ex-Catholic Cardinal Theodore McCarrick, as judge rules 93-year-old is not fit for trial
Abortion anecdote from DeSantis at GOP debate is more complex than he made it sound
Tuesday, 29 August 2023
Stock market today: Wall Street rises following updates on consumer confidence, job openings
Hurricane Idalia menaces Florida's Big Bend, the 'Nature Coast' far from tourist attractions
Court rejects Connecticut officials' bid to keep secret a police report on hospital patient's death
Four people found dead in apparent murder-suicide at home in north Texas city of Allen
Breaking impasse, Tennessee lawmakers adjourn tumultuous session spurred by school shooting
Monday, 28 August 2023
Florida prays Idalia won't join long list of destructive storms with names starting with “I.”
Georgia's election board leader who debunked unfounded 2020 election fraud claims is stepping down
After lots of hype, West Point treasure box opening yields no bombshells, just silt
Sunday, 27 August 2023
American gymnast Simone Biles wins record eighth national championship.
Jacksonville killings: What we know about the hate crime
Sheriff provides the first details of how a white man fatally shot 3 Black people at a Florida store
Military identifies Marine Corps pilot killed in jet crash near San Diego base
Military identifies Marine Corps pilot killed in jet crash near San Diego base
A House impeachment inquiry of President Biden is a 'natural step forward,' Speaker McCarthy says
Saturday, 26 August 2023
Record heat recorded in Dallas as scorching summer continues in the United States
Multiple people killed in Jacksonville store shooting, mayor says
Louisiana refinery fire mostly contained but residents worry about air quality
Police say University of South Carolina student fatally shot as he entered wrong house
Friday, 25 August 2023
Activists furious Democratic leaders haven't denounced plan to check every ‘Stop Cop City’ signature
Ukraine aid faces a stress test as some GOP 2024 presidential candidates balk at continued support
Thursday, 24 August 2023
Virginia school boards must adhere to Gov. Youngkin's new policies on transgender students, AG says
Hindustan Aeronautics Limited Hits All-Time High, Stock Turns Ex-Dividend
Shares of state-owned Hindustan Aeronautics Ltd (HAL) hit fresh lifetime highs as the stock turned ex-dividend on Thursday.
An ex-dividend date is the day on which a stock starts trading without the benefit of the next scheduled dividend payment.
The HAL stock gained as much as 2.7 per cent in trade on Thursday to hit a new all-time high of Rs 4,138.80 per share in the morning session on BSE. However, it soon erased all its gains to trade in the negative at Rs 3,989, down 1 per cent, by 11:25 AM.
A spurt in trading volume was also seen, with the number of shares changing hands on BSE jumping 1.2 times the daily average during the morning session itself.
To recall, the board of directors of the company had declared a final dividend of Rs 15 per equity share of Rs 10 each fully paid up (150 per cent) for the financial year 2022-23.
The record date for the payment of the final dividend, if approved by the shareholders in the company's annual general meeting (AGM), was set as August 24, 2023. The dividend shall be paid to the shareholders within 30 days from the date of its approval.
The 60th AGM of the company will be held on August 31, 2023, at 1500 Hours through video conferencing (VC) or other audio-visual means (OAVM).
Earlier in March 2023, HAL had paid an interim dividend of Rs 20 per share to the eligible shareholders for fiscal 2022-23. Before that, in calendar year 2022, the company had paid dividends thrice to its shareholders -- Rs 20 per share in November, Rs 10 per share in August and Rs 26 per share in February.
The company had recorded 31 per cent growth in its consolidated net profit at Rs 814 crore for the first quarter ended June 2023 (Q1 FY24) compared with Rs 620 crore in the year-ago period. Revenue from operation
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North Carolina governor to veto election bill, sparking override showdown with GOP supermajority
Wednesday, 23 August 2023
Judge clears the way for a civil case to proceed against Alec Baldwin and 'Rust' producers
SpiceJet Goes To Court Over Rs 579 Crore Refund To Kalanithi Maran Order
SpiceJet and its promoter Ajay Singh Wednesday approached the Delhi High Court challenging a single-judge order upholding an arbitral award asking them to refund Rs 579 crore plus interest to media baron Kalanithi Maran.
The appeals came up before a division bench of Justices Yashwant Varma and Dharmesh Sharma which initially listed it for hearing on September 15 as the counsel for SpiceJet and Singh were not present.
Later, SpiceJet's counsel mentioned the matter before the bench which then listed it for hearing on Thursday.
On July 31, the single judge had upheld the award announced by the arbitration tribunal on July 20, 2018 in favour of Maran and his company Kal Airways.
“There is nothing in the impugned award to suggest that it suffers from patent illegality and the findings therein are perverse and will shock the conscience of this court.
"In the instant case, the petitioners have not been able to prove that the impugned arbitral award is patently illegal, against public policy of India or fundamental policy of law and thus have failed to make out a case for the award to be set aside,” the single judge bench had said in its verdict.
It had said the court was barred from entering into the merits of an award unless there was an error that was apparent on the face of the record or an illegality that goes to the root of the matter.
Ajay Singh had approached the high court challenging the arbitral award.
The high court had said the petitioners had failed to substantiate the grounds for setting aside the arbitral award and dismissed the two petitions by Spicejet and Ajay Singh.
The case dates to January 2015, when Singh, who owned the airline earlier, bought it back from Maran after it was grounded for months due to resource crunch.
While the tribunal had asked Maran to pay Singh and the airline Rs 29 crore in penal interest, Singh was asked to refund Rs 579 crore plus interest to Maran.
The tribunal, created in 2016 on the orders of the Delhi High Court to adjudicate the share transfer dispute, had held that there was no breach of a share sale and purchase agreement reached between Maran and current promoter Ajay Singh in late January 2015.
In a relief to Ajay Singh, the tribunal had, however, rejected Maran's appeal for damages of Rs 1,323 crore from the Gurugram-based carrier.
In February 2015, Maran of the Sun Network and Kal Airways, his investment vehicle, had transferred their 58.46 per cent stake in SpiceJet to Singh for Rs 2 along with Rs 1,500 crore debt liability, after the airline was grounded due to a severe cash crunch. Singh was the first co-founder of the airline and is now its chairman and managing director.
As part of the agreement, Maran and Kal Airways had claimed to have paid SpiceJet Rs 679 crore for issuing warrants and preference shares. However, Maran approached the Delhi High Court in 2017, alleging SpiceJet had neither issued convertible warrants and preference shares nor returned the money.
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Amputees can get their body parts back for spiritual reasons, new Oregon law says
Tuesday, 22 August 2023
New president of Ohio State will be Walter 'Ted' Carter Jr., a higher education and military leader
Adani TotalEnergies E-Mobility Partners With Evera Cabs For Charging Hubs
Adani TotalEnergies E-Mobility Limited (ATEL) will set up EV charging infrastructure with all-electric cab aggregator, Prakriti E-Mobility (Evera), the company said on Tuesday.
"The collaboration will feature an integration of 200 EV charging points super hub in Delhi. This strategic partnership will be scaled up pan-India to encourage decarbonized mobility," it said in a statement.
Adani TotalEnergies E-Mobility Limited (ATEL) is a wholly-owned subsidiary of Adani Total Gas Limited, the equal joint venture of Adani Group and French energy giant TotalEnergies.
ATEL is setting up EV charging ecosystem with a wide range of charging points catering to B2C and B2B customers.
The partnership with Evera comes at a time of rising EV demand, though charging infrastructure still remains scant.
It will "help catalyse India's 2030 decarbonization target, supported by a rising inclination towards electric vehicles in the cab-hailing segment," the statement said.
ATEL and Evera hope to bridge the existing EV infrastructural gaps in India, targeting key highways, workplaces, and other locations with convenient and fast-charging AC and DC solutions.
"We are excited to join hands with Evera in developing this prestigious project in the Delhi-NCR region, further strengthening our long-term strategic partnership. We are already engaged with Evera for operating its cluster hub at Okhla, Delhi.
"The upcoming hub is strategically located in close proximity to the Delhi International Airport and will support Evera to provide green rides to customers. The hub will include commissioning of approximately 200 EV charging points, which will be a combination of AC & DC chargers," said Suresh P Manglani, CEO, ATGL.
The large-sized EV charging station at Samalkha will allow use by other aggregators and individual EV owners to increase crossutilization and to improve the EV ecosystem in New Delhi. This model will then be replicated pan-India. ATEL and Evera will enable this infrastructure on a revenue-sharing model, which becomes strategically resourceful by championing the partners' individual expertise.
Commenting on the collaboration, Nimish Trivedi, Co-Founder & CEO, Evera, said, "This association will foster a user-friendly experience for Evera cab drivers as well as all electric vehicle owners by eliminating anxiety to travel farther distances.
"We are developing this with the aim to realize a sinewed mobility infrastructure that is green, climate-conscious, and sustainable. We could not be more excited to combine forces with ATEL to propel India's EV infrastructure that drives electric vehicle adoption among individuals, businesses, and cab aggregators." The upcoming charging station in the capital will not only eliminate range anxiety but also promote widespread adoption of electric vehicles, the statement added without giving out the number of EV charging stations the joint venture was planning to set up.
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
(Disclaimer: New Delhi Television is a subsidiary of AMG Media Networks Limited, an Adani Group Company.)
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Monday, 21 August 2023
Former President Donald Trump's bond is set at $200,000 in Georgia case over efforts to overturn 2020 election results
Montana asks judge to allow TikTok ban to take effect while legal challenge moves through courts
Maryland man charged with ISIS-inspired plot pleads guilty to planning separate airport attack
Prosecutor asks judge to throw out charges against Black truck driver mauled by police dog in Ohio
Georgia sheriff pleads guilty to groping TV Judge Hatchett
Sunday, 20 August 2023
Early results in Ecuador show possible presidential runoff between ex-president’s ally and banana tycoon’s son
Early results in Guatemala show outsider Bernardo Arévalo leading presidential election after corruption angered voters
Former respiratory therapist in Missouri sentenced in connection with patient deaths
Block Island, Rhode Island, welcomed back vacationers Sunday, a day after a fire tore through hotel
Tropical Storm Hilary makes landfall in Mexico's Baja California, pushing torrential rains on northward path (CORRECTS: A previous APNewsAlert erroneously reported that Hilary was still a hurricane)
Saturday, 19 August 2023
Record-setting temperatures forecast in Dallas as scorching heat wave continues to bake the US
Suspect arrested in killing of 11-year-old Texas girl whose body was left under bed
Pilot error caused the fatal hot air balloon crash in New Mexico, NTSB finds. Drug use was a factor
Fish found on transformer after New Jersey power outage -- officials suspect bird dropped it
A former New York bishop has died at 84. He promoted social justice, but covered up rape allegations
Friday, 18 August 2023
San Francisco launches driverless bus service following robotaxi expansion
Thursday, 17 August 2023
Pilots made errors before crash near Lake Tahoe that killed all 6 on board, investigators say
Average long-term US mortgage rate climbs to 7.09% this week to highest level in more than 20 years
Adani Power Rises Over 2%, Majority Of Group Firms Settles In Green
Shares of Adani Power climbed over 2 per cent on Thursday after US-based boutique investment firm GQG Partners along with other investors bought an 8.1 per cent stake in the company for over Rs 9,000 crore (USD 1.1 billion).
The stock gained 2.58 per cent to settle at Rs 286.50 on the BSE. During the day, it climbed 3.27 per cent to Rs 288.45.
At the NSE, it climbed 2 per cent to end at Rs 285.55 apiece.
Majority of the group companies also ended in the green. Adani Ports jumped 4.47 per cent, Ambuja Cements climbed 1.91 per cent, Adani Enterprises gained 1.45 per cent, NDTV (1.26 per cent), ACC (0.64 per cent) and Adani Transmission (0.42 per cent).
GQG Partners along with other investors on Wednesday bought an 8.1 per cent stake in Adani Power Ltd for over Rs 9,000 crore.
GQG Partners and other investors bought 31.2 crore shares of Adani Power in a block deal -- one of the largest ever secondary market equity transactions -- stock market data showed.
Adani Power is the fourth firm of the ports-to-energy conglomerate where GQG has invested since May.
Promoter Adani family, which held 74.97 per cent in the firm, sold 31.2 crore or an 8.1 per cent stake at an average price of Rs 279.17 per share.
(Disclaimer: New Delhi Television is a subsidiary of AMG Media Networks Limited, an Adani Group Company.)
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Wednesday, 16 August 2023
Federal Reserve minutes: Too-high inflation, still a threat, could require more rate hikes
Tuesday, 15 August 2023
Videos put scrutiny on downed power lines as possible cause of deadly Maui wildfires
Ex-FBI counterintelligence official pleads guilty to conspiracy charge for helping Russian oligarch
Monday, 14 August 2023
New Orleans City Hall announces death of Mayor LaToya Cantrell's husband, attorney Jason Cantrell
Sunday, 13 August 2023
Tourists are urged to avoid Maui as hotels prepare to take in evacuees and first responders
Don't expect quick fixes in 'red-teaming' of AI models. Security was an afterthought
South Carolina state Sen. John Scott, longtime Democratic lawmaker, dies at 69
Police questioned over legality of Kansas newspaper raid in which computers, phones seized
Freed U.S. nurse says Christian song was her rallying cry after she was kidnapped
Saturday, 12 August 2023
Lawsuit targets Wisconsin legislative districts resembling Swiss cheese
Mishmash of how US heat death are counted complicates efforts to keep people safe as Earth warms
Death toll from Maui fire reaches 89, making it the deadliest US wildfire in more than 100 years
Classes still off early next week in Kentucky's largest school district due to bus schedule mess
Starting next year, child influencers can sue if earnings aren't set aside, says new Illinois law
3 unaccounted for after house explosion that destroyed 3 homes, damaged at least 12 others
Friday, 11 August 2023
Denver house explodes and partially collapses, hospitalizing 1
Judge revokes bail for FTX founder Sam Bankman-Fried, says crypto mogul tampered with witnesses in his fraud case
EXPLAINER: What are special counsels and what do they do?
Thursday, 10 August 2023
How to help or donate in response to the deadly wildfire in Maui
Police fatally shoot armed man in northeast Arkansas, but his family says he was running away
White supremacist accused of threatening jury, witnesses in trial of Pittsburgh synagogue gunman
Prosecutors seek Jan. 2 trial date for Donald Trump in his 2020 election conspiracy case
Wednesday, 9 August 2023
Atlanta begins to brace for the potential of a new Trump indictment as soon as next week
Things to know about a vote in Ohio, court action in Kansas and Utah and other abortion developments
Tuesday, 8 August 2023
Riverfront brawl brings unwelcome attention to historic civil rights city in Alabama
‘Native American’ or ‘Indigenous’? Journalism group rethinks name
Man on trip to spread dad's ashes dies of heat stroke in Utah's Arches National Park
Monday, 7 August 2023
Judge tosses Trump's defamation suit against writer who won sexual abuse lawsuit against him
Second body found at Arizona State Capitol in less than two weeks
Justice Department helping Ukraine in war crimes investigations, Attorney General Garland says
Sunday, 6 August 2023
Stock market today: Asian benchmarks mostly slip after Wall Street's losing week
The future is uncertain for the United States after crashing out of the Women's World Cup
California authorities capture suspects in break-ins at Lake Tahoe homes: a mama bear and three cubs
California authorities capture suspects in break-ins at Lake Tahoe homes: a mama bear and three cubs
House fire and reported explosion in Indiana kills 2 and injures another, authorities say
Man whose body was found in a barrel in Malibu had been shot in the head, coroner says
Saturday, 5 August 2023
YMCA camp session canceled, allowing staff to deal with emotional trauma of Idaho bus crash
Kentucky candidates trade barbs at Fancy Farm picnic, the state's premier political event
Oregon extends crab fishing restrictions to protect whales from getting caught in trap ropes
DeSantis steps up dire warning to GOP about distraction from Biden, amid Trump's latest indictment
Florida Gov. Ron DeSantis is increasingly pressing Republican voters to avoid the temptation to refight the 2020 election next year, even as former President Donald Trump remains the dominant favorite for the 2024 GOP nomination on a message of persecu...
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Federal agency given deadline to explain why deadly Nevada wild horse roundup should continue
Friday, 4 August 2023
A timeline of the investigation of the Gilgo Beach killings
Power at the gas pump: Oregon lets drivers fuel their own cars, lifting decades-old self-serve ban
Texas man who threatened poll workers and Arizona officials is sentenced to 3 1/2 years
Black bear shot and killed by Montana man in his living room after break-in
Thursday, 3 August 2023
Missouri budgets $50M for railroad crossings in response to fatal 2022 Amtrak derailment
New York City train derailment leaves several passengers with minor injuries
Wednesday, 2 August 2023
New Jersey Gov. Phil Murphy leaving Italy vacation early after death of lieutenant governor
Court affirms sex abuse conviction of ex-friar who worked at a Catholic school in Mississippi
Tuesday, 1 August 2023
The Pentagon is pulling 1,100 troops from the US-Mexico border mission
DeSantis-controlled Disney World district abolishes diversity, equity initiatives
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