Latest Breaking News Highlights, July 25, 2024: Hello and welcome to our FE’s latest news today live blog. We will keep you updated on all the major happenings in India and all over the world. Here you can keep track on the latest developments. Stay tuned to this space for all the latest news updates as it happens.
Latest News Today, India Highlights, Top Breaking News Today Live Updates
Chaos erupted during Argentina’s opening men’s soccer match, while a spying scandal shook the women’s soccer tournament, marking an inauspicious beginning to the Paris Olympics. Here’s a summary of Thursday’s events, the day before the Opening Ceremony.
Read More: Paris Olympics under high alert; Unprecedented security measures in place
The Indian Army has launched a two-day concluding event for the "Kargil Vijay Diwas Rajat Jayanti Varsh" in Dras, Ladakh, to mark the 25th anniversary of Kargil Vijay Diwas. This significant milestone honors the bravery and sacrifices of the Indian Armed Forces during the Kargil War and is being celebrated throughout the year with various events across India.
Read More: Kargil Vijay Diwas Rajat Jayanti Varsh: A Tribute to Valour and Sacrifice
The National Testing Agency (NTA) has published the final answer key for the Common University Entrance Test, Undergraduate (CUET UG) 2024 as of July 25. Candidates can view and download the answer key from the official CUET UG website: exams.nta.ac.in/CUET-UG.
To access the answer key, candidates must enter their application number and date of birth.
Read More: NTA releases CUET UG 2024 final answer key at exams.nta.ac.in/CUET-UG – Here’s how to check
On July 23, Finance Minister Nirmala Sitharaman made history by presenting her seventh consecutive Union Budget and the first of the Modi 3.0 government in Parliament. The Budget Session, which began on July 22, is set to run until August 12.
While the Union Budget did not include significant provisions for the middle class, it did offer support to farmers. In her budget speech on Tuesday, Sitharaman announced financial aid, as well as irrigation and rehabilitation projects, for states affected by floods, including Bihar, Assam, Sikkim, Uttarakhand, and Himachal Pradesh.
Read More: Budget 2024: Bihar to Assam, these flood-prone states get key aid programme – details here
Google Maps has announced several AI advancements to address the unique mobility challenges of India. These advancements includes navigating narrow roads, flyovers, locating EV charging stations and booking metro tickets.
Read More: Google Maps unveils new AI-driven features for Indian users — check full list here
Westlife Foodworld Limited (WFL), which operates McDonald’s restaurants in West and South India, reported an 88.7% decline in fiscal first quarter profit to Rs 3.25 crore, compared to Rs 28.83 crore in the same quarter of the previous year. Revenue from operations was slightly higher at Rs 616.33 crore, up from Rs 614.54 crore in Q1 FY24. The company's EBITDA decreased by 24.5% year-over-year to Rs 78.7 crore. Despite a 0.3% increase in overall sales to Rs 616 crore, same-store sales growth fell by 6.7% due to weak in-store business, although the off-premise segment showed positive growth.
Read More: McDonald’s India franchisee Westlife Foodworld posts Q1 profit decline of 88.7% at Rs 3.25 crore
The stocks of Jindal Steel & Power dropped as much as 5.5% to an intra-day low of Rs 918.90 a day after the company reported a 21% fall in its net profit of Rs 1,337.9 crore in Q1 FY25. However, the brokerage houses are still confident in the stock as they maintain a “Buy” rating, with an increased target price.
Read more: Jindal Steel & Power slumps 5.5% on sharp drop in Q1 profit but brokerages confident over long-term
The income tax department has said that more than 4 crore income tax returns (ITR) have been filed up to 22 July, 2024, which is less than 45% of all income taxpayers in the country who have filed for assessment year 2024-25. According to the IT department, this is 8% more compared to returns filed in the same period last year.
Will the due date get extended? Read more.
A section of National highway-3 has been temporarily shut down for vehicular traffic because of a cloud burst in Himachal Pradesh's Kullu district.
Read More: Manali cloudburst: Part of NH-3 shuts down in Himachal Pradesh due to flash flood
The Supreme Court on Thursday held that royalty payable on minerals is not a tax, overturning its 1989 decision. The court said that states have the legislative competence to impose taxes on mines and minerals-bearing lands. The Supreme Court ruled by a majority 8:1 verdict, that the Constitution’s provisions prohibit Parliament from taxing mineral rights.
In a major setback, a Delhi court on Thursday extended the judicial custody of Chief Minister Arvind Kejriwal in money laundering and corruption cases related to the alleged excise scam till August 8.
Read more: Delhi court extends Kejriwal’s judicial custody till August 8 in excise policy case
Tata Motors' share price surged 5.65% to a record high of ₹1,084.90 per share on the NSE during Thursday’s trading session. This jump followed the Japanese brokerage firm Nomura upgrading Tata Motors Ltd. from a ‘Neutral’ to a ‘Buy’ rating.
Also Read: Tata Motors jumps to all-time high after Nomura upgrade and highest-ever price target of Rs 1,294
A stretch of the National Highway-3 was closed for vehicular traffic following a flash flood triggered by a cloudburst in Himachal's Kullu district, police said on Thursday.
No casualty has so far been reported in the incident that occurred late Wednesday, they said.
According to officials, the stretch between Dhundi and Palchan Bridge on NH-3, also known as Leh-Manali Road, was affected due to the cloudburst at Anjani Mahadev nullah in the Manali area. (PTI)
The Uttar Pradesh Police Recruitment & Promotion Board (UPPRPB) has announced the new date for the UP Police Re-Exam 2024. The re-examination will be conducted across two daily shifts between August 23 and August 31, 2024. Applicants can visit the official website, uppbpb.gov.in, to verify the updated exam date.
Certain media reports suggest that Maruti Suzuki Grand Vitara has undergone crash tests at Bharat NCAP.
The finance minister Nirmala Sitharaman announced a slew of measures for women. Here read in detail about all the proposals.
Railway Minister Ashwini Vaishnaw said that the Centre has set up Rs 10,376 crore for the Northeastern region’s railway infrastructure development this fiscal year. Speaking during an online press conference with a regional focus, Vaishnaw stated that this budgetary allotment represented a five-fold increase over the average yearly budget expenditure from 2009 to 2014.
Global biosimilar maker Sandoz has launched Pyzchiva (ustekinumab) across Europe. Pyzchiva is approved for treatment of adults with plaque psoriasis, psoriatic arthritis, Crohn’s disease and pediatric plaque psoriasis for patients six years and older weighing over 60 kg.
Read more | Sandoz launches biosimilar to treat chronic inflammatory diseases across Europe
A glimpse into the life of Zomato delivery agent Pranjoy Borgoyary has captivated millions after a video showcasing his living conditions went viral on Instagram. Borgoyary, who migrated from Northeast India, lives in a cramped room with another person in a Mumbai slum, paying Rs 500 per month in rent.
Shared by Borgoyary himself, the video has garnered over 4.5 million views. It reveals the tight quarters he calls home and highlights his positive spirit.
Amid ruckus in the Bihar Assembly, Chief Minister Nitish Kumar on Wednesday drew flak from the Rashtriya Janata Dal (RJD) for shouting at opposition women members inside the assembly.
Amid loud protests, venting his anger at an RJD MLA, Nitish Kumar asked, “You are a woman, don’t you know anything?”
Read more: ‘You are a woman, don’t you…’: Nitish Kumar shouts at RJD MLA in Bihar Assembly, draws flak
Delhi woke up to light rain on Thursday morning, providing much-needed relief from the persistent humidity. Commuters were seen braving the rain in areas such as Lajpat Nagar and ITO as they headed to work.
This rainfall came after a heavy downpour on Wednesday, which caused severe waterlogging in several parts of Delhi-NCR, including the Zakhira underpass, NH-24 highway, Moti Bagh, Tughlaq Road, Akshardham flyover, and RK Puram.
Read More: Early morning downpour brings relief to capital city, traffic disruptions reported in some parts
The Himachal Pradesh High Court on Wednesday issued a notice to BJP’s Kangana Ranaut, a first-time Lok Sabha member from Mandi, after a Kinnaur resident filed a petition for setting aside her election.
Read more: Kangana Ranaut’s Lok Sabha election from Mandi challenged in Himachal HC, notice issued
The S&P 500 and Nasdaq ended at multi-week lows on Wednesday, with the S&P snapping one of its longest streaks without a daily decline of more than 2%, as lackluster Alphabet and Tesla earnings undermined investor confidence in megacap names, reported Returns.
Read More: Here’s a look at things to know before markets open today.
GIFT Nifty traded down by 226 points or 0.93% at 24,188 indicating a negative opening for domestic indices NSE Nifty 50 and BSE Sensex. Stocks such as L&T, Axis Bank, JSPL, SBI Life, Indraprastha Gas , RVNL, Dr Reddy’s Lab, Tech Mahindra, Nestle India to remain in focus today.
US President Joe Biden while addressing his nation stated that America is right now at a critical juncture. He firmly believes that the best way to move forward is to pass on the leadership to the new generation.