The India Women's cricket team put on a dominant performance, setting their highest T20I score and securing a 60-run victory against West Indies. Led by Smriti Mandhana's 30th fifty-plus score and a quick-fire 18-ball fifty from Richa Ghosh, the Indian team secured their first home WT20I series win in five years. With this win, they now move on to a three-match ODI series as part of the ICC Championship.
Amidst 19-year-old Sam Konstas being called up to the Australia Test squad for the last two matches against India, former cricketer Merv Hughes believes it is a 'panic' move from the hosts. While Konstas had impressed with twin centuries in the Sheffield Shield, Hughes argues that it is a hasty decision and Australia should remain calm considering their recent success. Konstas will join the team after playing for the Sydney Thunder in the BBL on Sunday.
The popular Poco series has now expanded its 5G offerings in India with the launch of a mid-ranger and an entry-level phone through Flipkart. This move solidifies Poco's position in the fast-growing 5G market and provides consumers with more options for affordable 5G phones. Stay tuned for reviews and comparisons of these new models, and visit our glossary for more information on the latest technology.
Union Home Minister Amit Shah's fiery address at the Rajya Sabha revealed the Congress party's hypocritical stance towards the Constitution of India, as he slammed the party for their past actions of appeasement politics and manipulation of the Constitution for their own gain. He also highlighted the ruling government's efforts towards fulfilling their poll promises through landmark bills such as ONOP, which aims to synchronise the tenures of the Lok Sabha and State Assembly elections. Opposition leaders, however, have voiced their disapproval, labelling the move as an attack on the democratic process.
As Myntra, a leading online shopping site in India, grapples with a massive fraud case amounting to Rs 50 crore, the Indian government is also making significant moves in the telecom industry. As Starlink, Airtel, Jio, and Amazon's Kuiper race to offer satellite internet services in India, the Union Communications Minister has announced that the distribution of satellite spectrum will not follow a “first come, first served” method. This development is likely to benefit Starlink and Amazon's Kuiper and hinder Airtel and Jio's plans. In other news, Indian online shopping site Myntra faces a major setback as they deal with a fraud scandal involving fake orders worth crores of rupees.
In a significant development, Switzerland has taken a unilateral decision to revoke the 'Most Favoured Nation' status accorded to India under the Double Taxation Avoidance Agreement (DTAA) treaty. This move will have a major impact on Indian businesses operating in Switzerland as well as Swiss investments in India. The decision was made by the Swiss finance department in response to the Supreme Court of India's 2023 ruling, stating that the MFN clause between two nations does not automatically apply when a country joins the OECD. This raises questions on the interpretation and application of the MFN clause in tax treaties under the OECD, which is known for shaping international policies for better economic and social outcomes.
After pausing its investment plans in India earlier this year, Tesla has resumed its efforts to establish a presence in the country. The company is reportedly in discussions with DLF, India's largest property developer, to secure showroom and operational spaces in the Delhi-NCR region. The move comes amidst the Indian government's efforts to attract global automakers and grow the country's nascent EV market. If successful, Tesla's entry into India could have a significant impact on the growth of the EV market in the country.
Cyclonic Storm Fengal made landfall near Puducherry on Sunday morning, bringing heavy rainfall and strong winds to the area. According to the India Meteorological Department, the storm has now weakened into a deep depression but is still expected to move west-southwestwards. Residents in the affected areas have been urged to take necessary precautions and follow instructions from local authorities.
Ola Electric's stock price saw a significant boost on Wednesday after the company revealed its plans to launch two new electric scooter ranges priced at just Rs 39,000. CEO Bhavish Aggarwal also introduced a portable home inverter, the Ola PowerPod, which doubles as a battery pack for the scooters. These affordable and accessible options are set to cater to a broad range of customers, with reservations already open. However, this move comes amidst ongoing customer complaints and a recent restructuring effort within the company. With the launch of these new models, Ola Electric aims to revolutionize EV adoption in India and pave the way for a greener future.
The Securities and Exchange Board of India (Sebi) has approved 'light-touch' rules for passive mutual funds, which will make it easier for funds to be launched and traded on stock exchanges. This move will give mutual fund firms more flexibility and boost competition in the industry. Sebi has also proposed raising the investment limit for angel funds to Rs 50 crore and introduced new rules for insider trading in mutual funds, which will be effective from Nov 1, 2024. In addition, the ED has seized foreign assets belonging to Axis Mutual Fund in a front running case, while Sebi has also introduced new valuation regulations for mutual funds.