Carlos Alcaraz saunters to second Wimbledon title, dousing Novak Djokovic’s slow-flickering fire. The Spaniard raced to his second Wimbledon title with a 6-2, 6-2, 7-6 (7-4) win over the 24-time Grand Slam winner from Serbia at the All England Lawn Tennis and Croquet Club in South London.
The Institute of Chartered Accountants of India (ICAI) has begun discussions with the Ministry of Electronics and Information Technology (MeitY) to build an AI Audit Tool for monitoring corporate India and detecting fraud. The ICAI President, Ranjeet Kumar Agarwal, has acknowledged that a proposal has been made to MeitY Secretary Krishnan.
The planned AI Audit Tool will use artificial intelligence to monitor company performance, report fraud, and help companies remain viable. ICAI has given Rupees 25 crore to create AI technologies, with intentions to boost the budget to Rupees 100 crore. Over 9 lakh CA students will have access to a new AI-based GPT tool to help them prepare for exams.
The planned AI Audit Tool will use artificial intelligence to monitor company performance, report fraud, and help companies remain viable. ICAI has given Rupees 25 crore to create AI technologies, with intentions to boost the budget to Rupees 100 crore. Over 9 lakh CA students will have access to a new AI-based GPT tool to help them prepare for exams.
An artificial intelligence platform is being created for the ICAI's 4 lakh members to access financial statements from 17.06 lakh companies. This tool will assist members in analyzing the qualifications of other auditors as well as the audit fees paid by various companies, allowing them to make more informed decisions.
The Colombo Security Conclave (CSC), a regional security grouping, officially welcomed Bangladesh as its fifth member state on. The announcement came during the 8th Deputy National Security Adviser (DNSA) level meeting, hosted virtually by Mauritius.
The existing members – India, Sri Lanka, Mauritius, and the Maldives – warmly received Bangladesh into the fold, while Seychelles participated as an observer state. The Colombo Security Conclave was established in 2020, when India, Sri Lanka, and the Maldives agreed to expand the scope of their trilateral meeting on maritime cooperation.
Mauritius joined the conclave at the fifth meeting of the grouping in Male in March 2022.
India was represented by Pankaj Kumar Singh, Deputy National Security Adviser (Internal Affairs), while Bangladesh’s delegation was led by Lt. Gen. Mizanur Rahman Shameem, Principal Staff Officer of the Armed Forces Division in the Prime Minister’s Office.
Member states agreed that the 7th NSA level meeting of the Colombo Security Conclave will be held in India later this year, the External Affairs Ministry said in a statement. India was represented by NSA Ajit Doval at the 6th National Security Adviser level meeting of the Colombo Security Conclave (CSC) that was held in Mauritius on December 7, 2023.
Madhuparna Thakur, daughter of Trinamool Congress (TMC) Rajya Sabha MP Mamata Bala Thakur, won from Bagdah Assembly Constituency in the by-elections by a margin of 33,455 votes. She is set to become the youngest MLA in the history of the Bengal Assembly.
Captain Avhilash Rawat and his crew of an oil tanker have been named among the winners of the International Maritime Organisation (IMO) 2024 Award for Exceptional Bravery at Sea for their “extraordinary courage” shown in a Red Sea rescue mission, For the "determination and endurance" demonstrated.
Captain Brijesh Nambiar and the crew of the Indian Navy ship INS Visakhapatnam have been conferred a Letter of Commendation for their support to the oil tanker when in distress.
A total of 41 nominations were received from 15 member states and three non-governmental organisations in consultative status with IMO.
Nominations were initially reviewed by an Assessment Panel, and their recommendations were considered by a panel of judges, who ultimately selected the recipients of honors.
The recommendations of the Panel of Judges have now been endorsed by the IMO Council, meeting for its 132nd session being held in London.
Rawat and his crew were declared winners by the IMO on Wednesday for the “determination and endurance” demonstrated while coordinating firefighting and damage control efforts to combat a fire that broke out after an anti-ship missile reportedly fired by Iranian-backed Houthi rebels struck their vessel ‘Marlin Luanda’ earlier this year.
Paytm Payments Bank, an associate entity of One97 Communications (OCL), which operates the Paytm brand, has appointed Arun Kumar Bansal as managing director (MD) and chief executive officer (CEO). Bansal is a former IDBI Bank executive.
The Reserve Bank of India (RBI) had approved Bansal’s appointment as the MD and CEO of the payments bank, he communicated on June 2024 to IDBI Bank. He resigned from his position as the executive director and head of treasury (on contract) at IDBI Bank. Paytm PB’s former MD and CEO, Surinder Chawla, resigned on account of personal reasons in April 2024.
Nepal's Khadga Prasad Sharma Oli was sworn in as Prime Minister after his communist party forged a coalition government with the centre-left Nepali Congress.
Oli, chief of the second-largest party in the parliament, the Communist Party of Nepal - Unified Marxist Leninist (CPN-UML), returns as prime minister for the fourth time.
First elected as prime minister in 2015, then in 2018, and then reappointed in 2021.
Argentina won its second straight Copa America championship, overcoming Lionel Messi's second-half leg injury to beat Colombia 1-0 on Lautaro Martinez's 112th-minute goal.
Argentina won its third straight major title following the 2021 Copa America and 2022 World Cup and matched Spain, which won the 2008 and 2012 European Championships around the 2010 World Cup.
Mikel Oyarzabal struck Spain's Euro 2024 final winner against England but La Roja's triumph was inspired from start to finish by explosive wingers Nico Williams and Lamine Yamal. The youngsters have been key on their side's run to the final in Berlin and combined to send Spain ahead against England, a moment that felt fitting given their supreme summer.
Spain's teenage phenom Lamine Yamal won the European Championship and the tournament's Best Young Player award just a day after he turned 17. Yamal earned it mostly while he was still 16, but he crowned his contribution to Spain's success by setting up Nico Williams' opening goal in a 2-1 win over England in the final.
Yamal became the youngest player to appear at the European Championship, the youngest to score in the tournament, and the youngest to play in a final, and also the youngest goal scorer in the Spanish league.
He finished with four assists and one goal in his debut European Championship.
SBI, India's largest lender, has raised the MCLR by 5-10 basis points for tenures from one month to three years, effective July 15. Updated rates on SBI's website range from 8.35% for one month to 9% for three years, including 8.40% for three months, 8.75% for six months, 8.85% for one year, and 8.95% for two years
This is the second consecutive hike after June. MCLR, the minimum lending rate since April 1, 2016, primarily affects corporate loans. Retail loans are tied to external benchmarks like the unchanged RBI repo rate since February 2023. One basis point is 0.
Introduced on April 1, 2016, MCLR is the minimum interest rates below which banks cannot lend. It reflects the increase in banks’ cost of funds.
Mostly corporate loans are linked to MCLR while retail loans are mostly linked to external benchmarks like the repo which has not been changed by RBI since February 2023.
Marginal cost of fund based lending rate (MCLR).
Goldman Sachs announced the appointment of Sudarshan Ramakrishnan and Devarajan Nambakam as co-heads of Investment Banking in India. This move is aimed at enhancing the firm's investment banking strategy and expanding client relationships across various industry sectors in the rapidly growing Indian market.
Both Ramakrishnan and Nambakam will report directly to Sonjoy Chatterjee, chairman and CEO of Goldman Sachs in India. This leadership has previously served as co-chief operating officers of Investment Banking in India. Goldman Sachs has also welcomed Sunil Khaitan as managing director and head of Financing in India.
India's top oil firm IndianOil has started producing fuel used in adrenaline-pumping motor racing and dispatched its maiden consignment. The firm's refinery at Paradip in Odisha has started producing STORM-X - a high-octane petrol specifically formulated for racing cars, the firm said in a statement.
IOC Director (Marketing) V Satish Kumar flagged the dispatch of the maiden consignment of STORM-X at an event.
IOC, the country's largest oil firm controlling roughly 40 percent of fuel market share, will be the first Indian company and only a handful globally to produce fuel used in F1 racing.
The launch of premium racing fuel for top-end motor racing events across the country and in the international circuit is part of the firm's pursuit of innovation and excellence. It blends high-octane rating gasoline (petrol) streams with advanced sustainable components, including 2G Ethanol from Panipat Refinery.
IOC has partnered with Madras Motor Sports Club to supply STORM-X for the 3rd and 4th rounds of the Indian National Racing Championship at Madras International Circuit in the 2024 season. A total of 55 barrels of STORM-X were dispatched for the 3rd round at the launch ceremony. The octane number is a unit to measure the ignition quality of petrol or diesel.
Automobile exports from India rose 15.5 percent year-on-year in the June quarter with all verticals, barring three-wheelers, recording growth in shipments, according to the latest SIAM data. Overall shipments stood at 11,92,577 units in the first quarter the current fiscal year, as compared with 10,32,449 units in the same period of the last fiscal.
Automobile exports from India had declined 5.5 percent in FY24 due to the monetary crisis in various overseas markets.
Overall exports stood at 45,00,492 units in the last fiscal year as compared with 47,61,299 units in FY23.
India will host the first World Audio Visual and Entertainment Summit in November alongside the International Film Festival of India in Goa, with I&B Minister Ashwini Vaishnaw promising to strengthen the ecosystem for the protection of intellectual property rights in the media and entertainment sector.
Vaishnaw and Goa Chief Minister Pramod Sawant announced the first World Audio Visual and Entertainment Summit (WAVES) in Goa from November 2024 and described it as a visionary initiative by PM Narendra Modi as India seeks to make a mark in the media and entertainment sector. It aims to improve IP rights, industry collaboration, and networking in the USD 27.5 Billions.
In a bid to promote language and culture, the Government of Meghalaya has launched its own OTT platform, ‘Hello Meghalaya.’ The platform, which was introduced at the Lariti International Center for Performing Arts and Culture, marks a significant milestone as Meghalaya becomes the first state in India to launch an OTT platform aimed at monetizing youth passion.
Hello Meghalaya aims to engage the state’s vast youth population in productive activities and drive economic growth. The platform offers a diverse array of content, including movies, music videos, short films, and more. For filmmakers, the platform provides up to Rs. 5 lakhs per film, with additional funding available for nationally or internationally acclaimed works.
Content creators can earn Rs. 18,000 per month for maximum uploads, with additional funds based on viewership. Chief Minister Conrad K. Sangma highlighted the platform’s potential to revolutionize opportunities for local talent. The launch event featured a video teaser of Hello Meghalaya and the presentation of the Meghalaya Content Creators Award 2024.
Chief Minister Conrad K. Sangma highlighted the platform’s potential to revolutionize opportunities for local talent. The government also plans to stream key live events on the app, such as state football league matches, music festivals, and events from the Meghalaya Grassroots Music Project (MGMP).
The News Broadcasters & Digital Association (NBDA) has unanimously elected India TV chairman Rajat Sharma as its president. He replaces Avinash Pandey, the former CEO of ABP Network.
NBDA is the largest organisation of news broadcasters and digital media in India, consisting of almost all major news networks in the country.
