Make sure to mark your calendars as August 2024 is packed with national holidays and festivals, resulting in a long weekend. However, if you have any financial work to do, you must take note of the bank holidays provided by the Reserve Bank of India (RBI). These holidays include Independence Day, Raksha Bandhan, and other state-specific holidays which will affect bank operations. Stay informed and plan your finances accordingly to avoid any inconvenience during this busy month.
August 18th: A Sweet Treat for Ice Cream Lovers
In the sweltering heat of summer, there's no better way to cool down and satisfy your sweet tooth than with a scoop of ice cream. And on August 18th, we celebrate National Ice Cream Day, a day dedicated to the frozen dessert that brings joy to people of all ages.
Origins of National Ice Cream Day
The origins of National Ice Cream Day are somewhat hazy. Some believe it was first proclaimed by President Ronald Reagan in 1984, while others attribute its creation to an ice cream parlor owner in Wisconsin in 1922. Regardless of its exact origins, the holiday has been officially recognized by Congress since 2021.
Celebration and Indulgence
On National Ice Cream Day, ice cream parlors across the country offer special deals, promotions, and limited-edition flavors. Many people indulge in their favorite frozen treats, from classic vanilla to decadent chocolate and fruity sorbets. Social media platforms are flooded with images of ice cream creations, and friends and family gather to share this sweet delight.
Ice Cream: A Culinary Delight with a Rich History
The history of ice cream dates back centuries. Ancient civilizations in China, Greece, and Rome enjoyed frozen desserts made with snow or ice, flavored with fruits and honey. In the 16th century, Italian chefs introduced ice cream to Europe, and it quickly became a favorite dessert among royalty and the wealthy.
Over time, ice cream production methods improved, and it became more accessible to the general public. In the 19th century, the invention of the hand-cranked freezer made ice cream a popular backyard treat. Today, ice cream is enjoyed by people of all ages and cultures, and it remains a symbol of summer and celebration.
Top 5 FAQs About National Ice Cream Day
1. When is National Ice Cream Day? Answer: August 18th.
2. Who first celebrated National Ice Cream Day? Answer: The exact origins are unknown, but it may have been President Ronald Reagan in 1984 or an ice cream parlor owner in Wisconsin in 1922.
3. What are some popular ice cream flavors? Answer: Vanilla, chocolate, strawberry, mint, and cookies and cream.
4. How much ice cream is consumed in the United States each year? Answer: Approximately 1.6 billion gallons.
5. What are some fun ways to celebrate National Ice Cream Day? Answer: Visit an ice cream parlor for special deals, host an ice cream party with friends and family, or try making your own ice cream at home.
Nithin Kamath, the co-founder and CEO of Zerodha, commends India's market watchdog SEBI for taking decisive action against US-based trading major Jane Street for manipulating the Bank Nifty index. Kamath praises SEBI for maintaining a strong and transparent regulatory environment, while cautioning about potential implications on the market due to a significant presence of proprietary trading firms like Jane Street. The firm has been accused of making extraordinary profits through complex strategies and ignoring warning alerts from Indian exchanges.
Kashmiri apple farmers are facing a difficult situation as record heat and dry spells threaten their annual harvest. The region, known for its rich apple production, is experiencing a worrying trend as the changing climate jeopardizes the livelihoods of these farmers. With extreme weather conditions becoming more frequent, farmers are left to worry about the future of their crops and the impact on their business. Join our WhatsApp channel to stay updated on the latest news and videos from Kashmir's apple farms.
Railway Recruitment Board (RRB) has finally released the highly anticipated RRB Group D result scorecard on December 27, 2022. Candidates can now check their results by visiting the official website of RRB at rrbcdg.gov.in. Keep yourself updated with the latest developments by clicking on the provided link.
Under the 'Pratibhashali Vidyarthi Protsahan Yojana', the Madhya Pradesh government has distributed a total of Rs 235.58 crore to 94,234 meritorious students who scored 75 per cent or more marks in their Class 12 board exams. This initiative aims to support the students' education and equip them with necessary tools like laptops to help them excel in their academic pursuits. Since its launch in 2009-10, the scheme has benefitted over 4.3 lakh students with a total disbursement of over Rs 1,080 crore.
The Securities and Exchange Board of India (SEBI) has taken action against US-based Jane Street Group for allegedly manipulating the Indian stock market. SEBI claims that the group carried out large-scale, aggressive trades on expiry days, particularly targeting Bank Nifty and Nifty 50 index constituents. This strategy involved buying stocks in the morning and selling them in the afternoon, resulting in a net options profit of Rs 673 crore on just January 17, 2024.
SEBI has ordered the impounding of Rs 4,840 crore in unlawful gains and the freezing of all debit transactions linked to Jane Street entities, including JSI Investments Pvt Ltd, Jane Street Singapore Pte Ltd, and Jane Street Asia Trading Ltd. This comes after a 105-page interim order by SEBI accused Jane Street and its affiliates of using high-frequency algorithmic trading strategies to artificially influence index levels and make profits from derivatives. Although not directly named, Nuvama Wealth Management's association with Jane Street has raised concerns among investors. As a result, Nuvama's stock plunged by Rs 838.00 in a single session, with the broader market also feeling the effects as the Nifty Capital Markets index fell by 2%.
IT giant Infosys has started an internal campaign to encourage employees to prioritize their health and disconnect after work hours. In a sharp contrast to co-founder Narayana Murthy's previous statement advocating for a 70-hour workweek, the move signals a shift in the company's stance on work-life balance. HR is now tracking work hours and sending health-focused reminder emails to prevent burnout and long-term health issues in the Indian IT sector. The campaign's success and impact on employee well-being will be closely monitored by the 323,000+ employees worldwide.
As Australian beef exports continue to reach new heights, official data shows a significant increase in volume for the first half of the year and a record-breaking 1.44 million tonnes shipped in the 2024-2025 financial year. This growth is attributed to a combination of factors, including declining US beef production, trade access issues, tariffs, and strong international demand. Despite the impact of drought on production in some parts of the country, Australia is well-positioned to take advantage of the current market dynamics.
SEBI has taken stringent action against US-based trading firm Jane Street, barring them from Indian markets due to accusations of manipulating equity derivatives through high-frequency trading. In just one day, Jane Street earned Rs 734.93 crore in profits through manipulative trades, leading to a sharp decline in BSE Ltd. stock prices. Technical analysis reflects a negative trend for BSE with a potential downward movement towards the 50 EMA at Rs 2,550.
A group of female passengers have approached the Karnataka High Court, requesting that bike taxi services, including those offered by Ola, Uber, and Rapido, be allowed to operate in Bengaluru again. The group argues that the ban on bike taxis, imposed by the state government citing safety concerns, has negatively impacted women commuters, who rely on these services for affordable and convenient travel. The court hearing has been postponed, with the final decision expected to shape the future of bike taxis in Karnataka.