19 July 2024 17:21 (IST)
Latest News Live Updates, 19 July 2024: ASSOCHAM’s upcoming budget
The logistics industry plays a central role in the efficient growth of any industry. As the backbone of the supply chain industry, warehouses enable systematic storage and inventory management, allowing companies to forecast domestic and international demand and seize business opportunities. Therefore, government support is essential for the significant growth of this industry.
“As the 2024-2025 Budget approaches, there is an urgent need to highlight the importance of Foreign Direct Investment (FDI) in this industry. Increased FDI will bring in the capital, advanced technology and expertise needed to modernize and expand. Governments can create a more favorable environment for FDI by streamlining regulatory processes, providing tax incentives and promoting the sector as an attractive asset class for High Net Worth Individuals (HNWIs) and institutional investors globally.”
India’s future economic growth hinges on efficient logistics and warehousing infrastructure. The government can help this by simplifying land acquisition, providing incentives for sustainable practices and lowering reserve requirements for banks financing these projects. Additionally, developers will benefit from access to finance at better rates through partnerships with insurance companies, pension funds and international lenders, helping to reduce construction and maintenance costs. Encouraging green initiatives, creating a worker-friendly environment and setting up hubs with EV charging points will further fuel the growth of the industry. By addressing these critical areas, this Budget will be a catalyst in transforming the Indian warehousing sector into a global leader,” said Anshul Singhal, Managing Director, WelspunOne and Chairman, ASSOCHAM National Council of Logistics and Warehousing.
19 July 2024 17:00 (IST)
Latest News Live Updates, July 19, 2024: Chandigarh-Dibrugarh Express Derailment
Work is underway at the site of the Chandigarh-Dibrugarh Express derailment at Gonda, which left three people dead and 30 injured. Around 800 railway personnel are currently working on the derailment, according to Aditya Kumar, general manager of North Eastern Railway.
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19 July 2024 16:16 (IST)
Latest News Live Updates, July 19, 2024: Chirag Paswan opposes Uttar Pradesh order on Muzaffarnagar eateries
Union minister and leader of BJP ally Lok Janshakti Party (Ramvilas) Chirag Paswan categorically rejected the Muzaffarnagar police’s recommendation to restaurateurs to display their names on their signboards, saying he “absolutely… does not support or encourage” any division on caste or religion.
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July 19, 2024 16:13 (IST)
Latest News Live Updates, July 19, 2024: India Meteorological Department predicts heavy rains in Kerala
The India Meteorological Department (IMD) has predicted heavy to very heavy rainfall in Kerala over the next few days due to weather conditions and wind direction across peninsular India.
Read more: Kerala rainfall: IMD predicts heavy rainfall in state, orange and yellow alert issued
July 19, 2024 16:07 (IST)
Latest News Live Updates, July 19, 2024: ‘Of the Rs 2.07 trillion paid as income tax, Delhi should get Rs 10,000 crore,’ says AAP leader Atishi
Delhi Finance Minister and Aam Aadmi Party (AAP) leader Atish Afshar has urged the central government to allocate Rs 1 trillion for infrastructure development in the national capital, citing the Delhi Municipal Corporation’s huge income tax payment of Rs 2,000 crore in the last one year.
Read more: Of the Rs 2.07 trillion paid as income tax, Delhi should get Rs 10,000 crore: AAP’s Atish tells Central govt ahead of Union Budget
19 July 2024 14:59 (IST)
Latest News Live Updates, July 19, 2024: Supreme Court to hear petition for court-monitored SIT probe into electoral bond scheme on July 22
The Supreme Court on Friday agreed to hear a public interest litigation (PIL) seeking a court-monitored probe into the electoral bond scheme. The case is scheduled to be heard on July 22.
Read more: Supreme Court to hear petition for court-monitored SIT probe into electoral bond scheme on July 22
19 July 2024 14:49 (IST)
Breaking News Live Updates, July 19, 2024: Crowdstrike Update Crashes Windows, Halts Flights, Disrupts Business
A major software update by cybersecurity firm Crowdstrike has caused a global outage, resulting in widespread disruption for Windows users, businesses and even airports.
Read more: Blue screen nightmare: Crowdstrike update crashes Windows, halts flights, disrupts business
July 19, 2024 14:41 (IST)
Latest News Live Updates, July 19, 2024: NSE unaffected by Microsoft outage
The National Stock Exchange said it has so far not been affected by the global Microsoft outage which has also affected banks, the London Stock Exchange and even ground flights, news agency PTI reported.
July 19, 2024 13:08 (IST)
Latest News Live Updates, July 19, 2024: Yogi Adityanath issues orders to eateries on Kanwar route
Uttar Pradesh Chief Minister Yogi Adityanath on Friday ordered all eateries along the Kanwal Yatra route in the state to display the names of their owners. The Kanwal Yatra begins on July 22.
Read more: Governor Yogi Adityanath orders eateries on Kanwar Road in Uttar Pradesh to display owners’ names
July 19, 2024 12:26 (IST)
Latest News Live Updates, July 19, 2024: Tata Technologies shares fall 2% on Q1 figures
Tata Technologies shares fell nearly 2% to an intraday low of Rs 990 per share, a day after the company announced its Q1FY25 earnings. Tata Technologies posted a net profit of Rs 1,620 crore in Q1FY25, down 15% compared to Rs 1,920 crore in the same period last year. The decline in net profit was due to lower revenue in the services division and higher expenses.
Read more: Stock Market Live: Markets under pressure! Nifty dips below 24,700
July 19, 2024 11:17 (IST)
Latest News Live Updates, July 19, 2024: President Trump accepts Republican nomination in first speech since assassination attempt
Still reeling from a recent assassination attempt, Donald Trump accepted the Republican Party’s presidential nomination at the Republican National Convention on July 18, delivering a speech that largely steered clear of his most divisive policies, instead emphasizing unity and national healing.
Read more: 2024 US Presidential Election: President Trump accepts Republican nomination in first speech since assassination attempt
July 19, 2024 10:16 (IST)
Latest News Live Updates, July 19, 2024: 32 killed in violent clashes over job quotas in Bangladesh
Thousands of Bangladeshi students armed with sticks and stones faced off against militant police in Dhaka, Chittagong, Rangpur, Cumilla and other cities across Bangladesh, leaving at least 32 people dead.
Read more: Bangladesh unrest: 32 killed in violent clashes over job quotas, protesters set fire to state TV headquarters
July 19, 2024 10:05 (IST)
Breaking News Live Updates, July 19, 2024: Magnitude 7.3 earthquake strikes Chile, no major damage reported
A powerful earthquake measuring 7.3 on the Richter scale struck Chile’s mining-rich Antofagasta region on Thursday, according to the European Mediterranean Seismological Centre.
Read more: Magnitude 7.3 earthquake strikes Chile, no major damage reported
July 19, 2024 09:36 (IST)
Latest News Live Updates, July 19, 2024: Family members claim ‘fake encounter’ after 3 Hmar rebels killed in Assam
Family members of three suspected Hmar militants killed by Assam police on Wednesday have raised questions about the incident, citing a video showing them being taken away from an autorickshaw.
Read more: Family members claim ‘fake encounter’ after 3 Hmar rebels killed in Assam
July 19, 2024 09:20 (IST)
Latest News Live Updates, July 19, 2024: Thorn hurled during Muharram procession
Around 10 people were injured in a stone-pelting incident between two groups during a Muharram procession in Maharashtra’s Buldhana district, police officials said. The clashes occurred around 7 pm on Thursday when the procession, which had left Gujri Chowk and was heading towards Garib Shah Baba shrine, the officials added.
Read more: 10 injured in stone pelting during Muharram procession in Maharashtra’s Buldhana
July 19, 2024 09:00 (IST)
Latest News Live Updates, July 19, 2024: “God was on my side”
“I wasn’t supposed to be here tonight,” former US President Donald Trump said in his first speech since the assassination attempt, adding that “there was blood everywhere, but in some way I felt very safe with God on my side.”
READ MORE: “If I hadn’t moved my head … I wouldn’t be here tonight,” Trump said in his first speech since the assassination attempt