‘You Can’t Control A Tiger If You Want Work Done’:
Rahul Gandhi criticizes the central government’s lack of political will and freedom in response to the Pahalgam terror attack during the Lok Sabha debate on Operation Sindoor. Source
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China producer prices fall most since 2023 as deflation lingers
China’s producer prices fell the most in nearly two years, as the country’s factory-gate deflation deepens and overshadows a modest improvement in consumer prices. Factory deflation persisted into a 33rd month, with the producer price index falling 3.6% from a year earlier, the National Bureau of Statistics said Wednesday. The decline was more than economists…
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Rupee appreciated 40 paise to close at 86
Rupee gains 40 paise against U.S. dollar on optimism over GST restructuring and positive equity markets. Source
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Jio BlackRock Launches 5 New Index Funds Today; Here’s How
JioBlackRock Asset Management launches five new index funds in its latest NFO, offering diversified options for retail investors. Subscription open August 5-12. Source
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‘We must achieve energy independence’: PM Modi unveils major push
India Business News: Prime Minister Modi unveiled an ambitious plan to achieve energy self-reliance for India, emphasizing nuclear power expansion with ten new reactors an Source
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India-UK trade deal to ease tax burden on Indian workers
Under the Double Social Security Contributions or Social Security Agreement, 75,000 Indian workers temporarily in the UK (up to three years) and their employers will be exempted from paying social security contributions (currently around 20% of the salary) in the UK. Source
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Edelweiss Mutual Fund AUM nears ₹1
The AMC attributed the rise in AUM to consistent fund performance and investor trust. It manages over 60 schemes across fundamental investing, factor investing, and fixed income strategies. Source
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Selling Ancestral Property Without Consent Could Land You In A
Ancestral property in India requires consent from all heirs before selling. Legal advice is crucial to avoid disputes and ensure a smooth transaction. Source
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NBA approves sale of Boston Celtics to private equity mogul
The league said the transaction is expected to close shortly. When it does, Chisholm will take ownership of at least 51% of the team, with full control coming by 2028 at a price that could bring the total value to $7.3 billion. Source
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BJP’s Nationwide ‘Har Ghar Tiranga’ Drive Ahead Of Independence Day:
A circular issued by BJP national general secretary Arun Singh outlined the activities planned between August 10 and 15 across all states and districts Source
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