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Showing posts from February, 2023

Sensex, Nifty End Lower Amid Volatility

News24.com | NEWS & EVENTS | 30 Days of summer

This weekend Sjaak Nelson of Jordan Wines told me there are only 30 days of summer left, so I'm rounding UP. from News24 Top Stories https://ift.tt/7DzXvrT

News24.com | Hout Bay robbery suspects linked to disappearance of German tourist Nick Frischke

Three suspects arrested in Hout Bay on charges of house robbery earlier this month have been formally linked to the disappearance of German tourist Nick Frischke. from News24 Top Stories https://ift.tt/84edzLg

News24.com | Ramaphosa's Cabinet shakeup taking shape as Godongwana set to become MP

President Cyril Ramaphosa has needed to make space to appoint a non-Cabinet member to his executive to become the minister of electricity - which is why his Cabinet reshuffle has been delayed. from News24 Top Stories https://ift.tt/TRuen58

Appellate Panel For Social Media Launched, To Look Into Users' Complaint

Indices Rise Slightly Ahead Of GDP Data Release

News24.com | Blitzboks coach slams lacklustre players in LA horror show: 'No effort, disrespectful to our badge'

Springbok Sevens coach Sandile Ngcobo hit out at his players' effort after their horror show at the LA Sevens this past weekend. from News24 Top Stories https://ift.tt/Nz2aLCy

Essar To Invest $3.6 Billion In Low Carbon Projects In India, UK

SpiceJet To Raise $300 Million In Fresh Capital, Transfer Cargo Business

Gold Near 2-Month Low After Fed Rate Hike Fears

Platforms Like ChatGPT Won't Replace Jobs, Will Be A Co-Worker: TCS

Tata Consultancy Services (TCS) feels generative artificial intelligence platforms like ChatGPT will create an "AI co-worker" and not replace jobs. Milind Lakkad, the chief human resources officer (CHRO) of the country's largest IT services firm that employs over 6 lakh people said such tools will help improve productivity, but not change the business models for companies. "..it (generative AI) will be a co-worker. It will be a co-worker and that co-worker will take time for them to understand the context of the customer," Mr Lakkad said in an interview with PTI recently. The context for a job to be executed will be industry and customer-centric, which will continue to come from the human who is being assisted in tasks by such a co-worker, Lakkad explained. "It is not that jobs will get replaced, but the job definitions will change," he added in the comments which will assuage concerns about future of jobs in the sector which is one of the biggest

News24.com | Four arrested for allegedly murdering victim, throwing body in river and staging a drowning

Limpopo police have arrested four people who allegedly murdered their victim, threw his body into a river, and then attempted to stage a drowning. from News24 Top Stories https://ift.tt/0V2Qafs

News24.com | Proteas brace for date with World Cup destiny: 'Our goal was to inspire a nation'

The Proteas entered the T20 World Cup looking to inspire a nation, and win or lose on Sunday, they have achieved that. from News24 Top Stories https://ift.tt/Wdnhu75

News24.com | Police swoop in on a syndicate allegedly targeting big Gauteng businesses

Gauteng police have arrested three people after swooping in on a syndicate allegedly targeting big businesses in the motor and computer sector. from News24 Top Stories https://ift.tt/WRXYoke

News24.com | R20 000 bail for Cape Town hotel manager who allegedly defrauded employer of over R1 million

A Camps Bay boutique hotel general manager who was arrested for allegedly defrauding his employer of over R1 million has been released on R20 000 bail. from News24 Top Stories https://ift.tt/3KFetiS

News24.com | Da Costa makes history in inaugural Cape Town e-Prix: 'I have tears in my eyes'

The Cape Town e-Prix is done and dusted, but it will forever be remembered for Antonio Felix da Costa's daring pass for the lead. from News24 Top Stories https://ift.tt/w6CXWUo

News24.com | Ramaphosa makes five new appointments to the Commission for Gender Equality

President Cyril Ramaphosa has appointed five commissioners to the Commission for Gender Equality (CGE). from News24 Top Stories https://ift.tt/679n0yH

News24.com | SOLD OUT! Fans flock to Newlands in last-ditch effort to land Proteas World Cup final tickets

South Africa's T20 World Cup final against defending champions Australia at Newlands on Sunday will almost certainly be sold out. from News24 Top Stories https://ift.tt/bcEIPJU

NSE Unit Launches India's First Ever Municipal Bond Index

News24.com | SA will be greylisted, says SARS boss

South Africa will be added to a global watchdog’s list of nations that have failed to adequately tackle illicit financial flows, Edward Kieswetter said. from News24 Top Stories https://ift.tt/2MlgYIB

Agriculture Budget Raised, Over Rs 1.25 Lakh Crore Now: PM Modi

News24.com | Mpumalanga man handed three life sentences for series of rapes, including that of his sisters

A Mpumalanga man has been handed three life sentences for a series of rapes that were committed in Barberton between 2014 and 2020. from News24 Top Stories https://ift.tt/5SNwvBb

Sri Lanka Approves Adani Group Investment Worth $442 Million

News24.com | Man Utd 'can beat anyone' after landing Barcelona Europa League scalp, says Ten Hag

Manchester United should fear no one in their quest to win four trophies said manager Erik Ten Hag after beating Barcelona 2-1 on Thursday to progress to the last 16 of the Europa League 4-3 on aggregate. from News24 Top Stories https://ift.tt/SxCYlV5

Banks May Face Rise In Bad Loans From Small Businesses: SBI Official

News24.com | South African activists urge French Parliament to stop TotalEnergies' 'ocean grab'

French NGO Bloom says about 100 members of the European Parliament, French Parliament, and mayors had shown support for the campaign against TotalEnergies. from News24 Top Stories https://ift.tt/SJNlnGm

Asia To Drive Growth Of Global Economy In 2023: S&P

Nirmala Sitharaman, US Treasury Secretary Meet Ahead Of Bengaluru G20 Meet

News24.com | The Backstreet Boys add two dates to SA tour

Everyone's favourite boy band from the 90s announced last week that they would perform in the country for the first time later this year. from News24 Top Stories https://ift.tt/QRByVP7

Secured Creditors Hit By Proposed Change To India Insolvency Law

News24.com | Hopes dashed: Proteas can't reach World Test Championship final anymore

Shukri Conrad's new broom sweeping through the Proteas Test team is for good reason: it comes at a time when it's impossible for the national side to reach the final of the World Test Championship. from News24 Top Stories https://ift.tt/Sks1VF8

Adani Ports Repays 1,500 Crores To SBI Mutual Fund, Aditya Birla Sun Life

Adani Ports and Special Economic Zone has repaid Rs 1,500 crore loan and will repay another Rs 1,000 crore in commercial papers due in March. The Adani Group firm paid Rs 1,000 crore to SBI Mutual Fund and Rs 500 crore to Aditya Birla Sun Life Mutual Fund on commercial papers that matured on Monday, as scheduled. "This part prepayment is from the existing cash balance and funds generated from the business operations," a company spokesperson said. "This underscores the confidence which the market has placed on the prudent capital and liquidity management plan for the group." An SBI MF spokesperson said it has no further exposure. "SBI MF had an exposure of around Rs 1,000 crore to Adani Group, which has been repaid on maturity. We have no further exposure to the Adani Group," the spokesperson said. (Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.) (Disclaimer: New Delhi Television is a s

News24.com | 15 signs your ex wants to reconcile but won't admit it

Here are 15 signs that your ex wants you back but won't admit it, according to therapist Dr Callisto Adams. from News24 Top Stories https://ift.tt/SA2zf01

News24.com | Lloyd Burnard | SA embracing Proteas World Cup dream, but England reality looms

The Proteas, nowhere near their best at the T20 World Cup, will require a small miracle to knock over England in the semi-finals, writes Lloyd Burnard. from News24 Top Stories https://ift.tt/wJoxrng

News24.com | Intense cyclone Freddy lashes Madagascar, kills one

A powerful tropical Cyclone Freddy lashed the eastern coast of Madagascar on Tuesday, killing at least one person as it moved in packing winds of around 130km per hour, officials said. from News24 Top Stories https://ift.tt/HuRDp72

News24.com | Development Bank of SA leads R2bn project to restore gutted parliamentary buildings over two years

Parliament has asked the Development Bank of Southern Africa for help to restore the gutted National Assembly building. from News24 Top Stories https://ift.tt/dOVo4Ns

Sensex Edges Lower To Settle At 60,672.72, Nifty At 17,826.70

Benchmark Sensex and Nifty closed marginally down in choppy trade today, extending losses for a third straight day as investors remained cautious ahead of the release of minutes of the Federal Open Market Committee (FOMC) meeting. The BSE Sensex edged down 18.82 points or 0.03 per cent to settle at 60,672.72 as 17 of its constituents declined while 13 advanced. During the day, it hit a low of 60,583.72 and a high of 60,976.59. The NSE Nifty slipped 17.90 points or 0.1 per cent to end at 17,826.70 with 30 of its scrips ending in the red. Sensex has declined over 1 per cent or 646 points while Nifty retreated by 1.36 per cent or 209 points in three sessions to Tuesday. From the Sensex pack, Tata Motors, Sun Pharma, Wipro, Tata Consultancy Services, UltraTech Cement, Tech Mahindra, Bajaj Finserv, HCL Technologies, Infosys and IndusInd Bank were the major laggards. NTPC, Power Grid, Reliance Industries, Tata Steel, HDFC and HDFC Bank were the major winners. "Despite opening gain

News24.com | WATCH | Root cause: Table Mountain's trees being stripped of bark used in traditional medicines

Indigenous trees in Table Mountain National Park are being killed off by bark stripping. Now the hunt for traditional medicine ingredients has spread to Cape Town's suburbs. from News24 Top Stories https://ift.tt/IwvZjTY

News24.com | SA Rugby under fire: Israel Rugby Union demands answers over Tel Aviv snub

The Israeli Rugby Union and Tel Aviv Heat are demanding answers from SA Rugby following its decision to uninvite Tel Aviv Heat from this season's Mzansi Challenge. from News24 Top Stories https://ift.tt/LMKto0q

News24.com | Five things research can teach us about having better sex, according to a sex therapist

Science also tells us that while arousal and desire are interconnected, they work in different ways. For example, if a man displays signs of physical arousal (such as morning erections), this doesn’t mean he necessarily feels “horny” or desires sex. from News24 Top Stories https://ift.tt/MObVH4A

News24.com | 'Silly individuals expressing their anger' - SA Rugby boss downplays threats

SA Rugby president Mark Alexander has downplayed apparent threats to his life following the withdrawal of Tel Aviv Heat from the Mzansi Challenge. from News24 Top Stories https://ift.tt/I9nlgyP

Rupee Gains 10 Paise To Close At 82.72 Against US Dollar

The rupee appreciated by 10 paise to close at 82.72 (provisional) against the US dollar on Monday, as the American currency retreated from its elevated levels. Forex traders said a muted trend in domestic equities and foreign fund outflows weighed on investor sentiments and restricted the appreciation bias. At the interbank foreign exchange market, the local unit opened at 82.69 against the American currency and finally settled at 82.72 (provisional) against the greenback, registering a gain of 10 paise over its previous close of 82.82. During the trading session, the rupee touched a high of 82.62 and a low of 82.74 against the dollar. The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.04 per cent to 103.90. Global oil benchmark Brent crude futures advanced 1.05 per cent to USD 83.87 per barrel. "Rupee traded strong near 82.75 as dollar index traded below USD 104 guiding rupee strength. Asian currencies were trading strong

News24.com | Eskom debt albatross hangs over SA's plans to stabilise budget

Finance Minister Enoch Godongwana faces the task of incorporating a credible debt-relief plan for Eskom in the national budget while stabilizing government finances as record blackouts weigh on the economy. from News24 Top Stories https://ift.tt/qmJNWaY

Centre Taking Steps To Control Inflation: Nirmala Sitharaman

Union Finance Minister Nirmala Sitharaman on Monday said that the government is taking a lot of steps to control inflation and will continue to focus on it. For instance, in the case of pulses, the government is encouraging farmers to grow pulses to boost domestic production and has also reduced the import duty on some of the pulses to improve local availability. When asked whether Budget 2023-24 would bring down inflation, Ms Sitharaman said: "The government is taking a lot of steps to control inflation and will continue to focus on it."  She was in Jaipur for a post-budget 2023 discussion with various stakeholders. "We have taken a lot of steps, for example, encouraging farmers to sow pulses so that the production of pulses in India increases in the coming sowing season," Ms Sitharaman told reporters here. She further said that as a short-term step, "wherever we are importing, whether Masoor, Moong or whatever pulses, the government has reduced the impor

News24.com | 'Cape Town, here we come!' Kelvin van der Linde confirmed as SA's lone driver for e-Prix

SA's Kelvin van der Linde is confirmed to compete at home in the upcoming Cape Town e-Prix from News24 Top Stories https://ift.tt/GFY4PVm

Ola Plans To Build World's Largest Electric Vehicle Hub In Tamil Nadu

India's Ola Electric Mobility Pvt. plans to build what it says will be the world's largest electric vehicle hub with an investment of 76.1 billion rupees ($920 million) to localize the supply chain for cleaner transport. The hub, spanning 2,000 acres (809 hectares) in Tamil Nadu, will be used for manufacturing electric two-wheelers, cars and battery cells, in addition to housing vendor and supplier parks, Ola said in a statement Friday. The Indian startup will begin mass production of cells from the hub later this year, it said.  While localizing critical elements of the EV supply chain, such as batteries, will make EVs more affordable, India has only a fraction of the raw materials needed to satisfy domestic demand for lithium-ion batteries - forecast by Crisil to grow 100- fold by 2030. Besides Ola, billionaire Mukesh Ambani's Reliance Industries Ltd. and bullion refiner Rajesh Exports Ltd. will receive incentives under a $2.3 billion government program to support advan

Vedanta's Debt-Cut Plan At Risk As India Opposes $3 Billion Asset Sale

Vedanta Resources' efforts to manage its debt load were dealt a blow after the government opposed the mining conglomerate's proposed $2.98 billion deal to move certain zinc assets from its flagship company to another in which it is a majority shareholder. The government opposed Hindustan Zinc Ltd, in which it holds a near 30% stake, buying the Africa-based assets from Vedanta Ltd, its top shareholder with a near-65% stake, as it was a "related party transaction". "We always believe in and operate in perfect manners of corporate governance, so (there is) no deviation on that count," Hindustan Zinc Chief Executive Arun Misra told CNBC-TV18. The company and Vedanta Ltd did not respond to Reuters' request for comment. The development comes a week after Vedanta Resources said it had slashed net debt by $2 billion in the last 11 months, to $7.7 billion, seeking to allay concerns days S&P Global Ratings raised doubts about the billionaire Anil Agarwal-ow

News24.com | Shining lights: Why Jake White has reason to smile despite woeful Stormers record

Bulls director of rugby Jake White had two positives to take out from their disappointing 23-19 defeat against the Stormers on Saturday: Morne Steyn and S'busiso Nkosi. from News24 Top Stories https://ift.tt/if0PYOj

News24.com | ANC 'encouraged' after Israeli diplomat ousted from AU meeting

The ANC has welcomed the "encouraging" expulsion of a senior Israeli diplomat from the African Union summit in Addis Ababa. from News24 Top Stories https://ift.tt/yPGCqJ5

News24.com | Two more Vaal Dam floodgates opened – meaning a high chance of flooding in the Northern Cape

A further two floodgates have been opened at the Vaal Dam, which could lead to possible further flooding. This brings the total to 12 floodgates that are open in the province. from News24 Top Stories https://ift.tt/7Z0xFTn

News24.com | Dirty-money rating risks boosting costs for South African banks, state companies

The South African government and state-owned companies will find it harder to borrow money if the country is added to a global watchdog's list of nations with shortcomings in tackling illicit financial flows. from News24 Top Stories https://ift.tt/7LDZFxH

News24.com | 'We stayed in the fight': Dobbo on Stormers' win over Bulls

It was billed as an epic United Rugby Championship (URC) clash, and that's exactly what it turned out to be as North/South rivals, the Bulls and the Stormers, faced off in front of 40 000 supporters at Loftus Versfeld on Saturday. from News24 Top Stories https://ift.tt/JoKAQVS

India's Economy To Grow At 6% In 2023-24: Ex Niti Aayog Vice Chairman

India is likely to clock 6 per cent growth rate next fiscal and the country can persevere with a high growth rate because of several reforms undertaken during the last eight years by the Narendra Modi government, former Niti Aayog Vice Chairman Rajiv Kumar said on Sunday. Rajiv Kumar further said major risks going forward will emerge from a synchronized downturn in the North American and European economies. "India has a good opportunity to persevere with a high growth rate because of the reforms undertaken during the last eight years. We will manage to grow at 6 per cent in 2023-24," he told PTI in an interview. According to Rajiv Kumar, there are several downside risks, especially in the context of an uncertain global situation. "These will have to be tackled through careful policy measures designed to support our export efforts and at the same time improve the flow of private investment both from domestic sources as well as from foreign sources," he said. The

News24.com | OPINION | State of disaster still leaves SA in the dark

The declaration of South Africa’s energy crisis as a National State of Disaster may be open to court challenge, as there is already sufficient legislation in place to deal with it, say the authors. from News24 Top Stories https://ift.tt/WvXSfwO

News24.com | Relatives of slain Eldorado Park activist Ayob Mungalee ask for time to mourn

Relatives of slain activist Ayob Mungalee have asked for time to grieve and say they were shocked to see themselves mentioned in an article calling for justice after Mungalee's murder. from News24 Top Stories https://ift.tt/3Ee18gb

News24.com | PICS | 'I'm a winning gogo': Khayelitsha woman's chicken earns her Western Cape Champion Tavern Chef title

Sixty-four-year-old Grace Telena from Tshawe's Tavern in Khayelitsha, Cape Town, has been crowned Western Cape Champion Tavern Chef. from News24 Top Stories https://ift.tt/IDuYNCw

Finance Minister Nirmala Sitharaman Chairs 49th GST Council Meet In Delhi

Union Finance Minister Nirmala Sitharaman today chaired the 49th meeting of the Goods and Services Tax (GST) Council, in Vigyan Bhawan, New Delhi. The Union Finance Minister, Union Minister of State for Finance Pankaj Chaudhary, besides the finance ministers of states and Union Territories (with legislature) and senior officers from the Union government and states, attended the meeting, according to the finance ministry's official handle - @FinMinIndia. With the meeting being attended by various officials from the Centre and state governments, it is anticipated the council is likely to discuss setting up appellate tribunals and mechanisms to curb tax evasion in pan masala and gutkha business. The much-awaited report by the Group of Ministers on online gaming and GST appellate tribunal is unlikely to be submitted in the meeting, Central Board of Indirect Taxes and Customs (CBIC) Chairman Vivek Johri had earlier said. The 48th Meeting of the GST Council was held on December 17, 2

News24.com | City of Cape Town pooh-poohs sewage outfall concerns, says alternatives will cost billions

ActionSA has threatened a legal battle to challenge the permit allowing the City of Cape Town to pump wastewater into the ocean. While experts believe the objectors have a valid point, the City said it would cost billions to implement an alternative to its three marine outfalls. from News24 Top Stories https://ift.tt/7VpTNWC

News24.com | Body of Ghana footballer Atsu found in Turkey quake rubble - report

The body of former Ghana international Christian Atsu has been found after a huge earthquake in Turkey, local media reported Saturday, quoting his manager. from News24 Top Stories https://ift.tt/PcHdTgu

News24.com | Fifteen-year sentence for man convicted of poaching-related offences in Kruger National Park

A man has been sentenced to 15 years' imprisonment for poaching-related offences in the Skukuza Regional Court. from News24 Top Stories https://ift.tt/nu7LNcj

Indian Exports To UAE May Cross $31 Billion

Businessinsider.co.za | Mozambican pastor died after trying to go 40 days without food and water while fasting like Jesus

By the time Francisco Barajah was admitted to the hospital, his organs had failed and he'd lost so much weight he couldn't stand, the BBC reported. from News24 Top Stories https://ift.tt/i34t9wB

News24.com | Exercising in the morning could burn more fat, according to new study

According to researchers at the University of Copenhagen in Denmark, people may be able to burn more fat if they go for a run or hit the gym in the morning. from News24 Top Stories https://ift.tt/F2X50KV

India To Set Up $4 Billion Fund To Backstop Corporate Debt Market

Most Adani Group Stocks Rise In Morning Trade, Adani Green Up 3%

Regulator Asks Telecom Firms To Cease From Intrusive Telemarketing

From SBI To HDFC, Banks Hike Lending Rates, Check New Rates Here

News24.com | Gauteng cops arrest 4 suspected members of kidnapping syndicate that targets LGBTQIA+ community

Johannesburg police have arrested four suspected members of a kidnapping syndicate that targets the LGBTQIA+ community. from News24 Top Stories https://ift.tt/jLlgEt4

Adani Group Firms Rise In Morning Trade, Adani Enterprises Climbs Over 5%

News24.com | Kelly Anderson | I will speak up for Anele Tembe as AKA's bronze statue takes shape

Anele Tembe's story of abuse at the hands of a celebrity will likely remain a speck of dust on Kiernan 'AKA' Forbes' legacy, but I will hold her hand, writes Kelly Anderson. from News24 Top Stories https://ift.tt/Cpgq16W

News24.com | Crunch derby: Kruger hopes Bulls forwards can manage the red mist against Stormers

Bulls scrum coach Werner Kruger hopes his forward charges will be able to finely tread the line between aggression and accuracy for Saturday's clash against the Stormers. from News24 Top Stories https://ift.tt/tZYSqyJ

Amrutanjan Shares Fall 10% On Whistleblower Allegations

News24.com | VAR in the pipeline for PSL: Down to SAFA to name the day, says head of referees

SAFA head of referees Abdul Ebrahim says plans to implement the Video Assistant Referee system in the PSL are "not far away" as club coaches remain frustrated with officiating in the country. from News24 Top Stories https://ift.tt/bu1tQHY

Bharat Forge Stock Declines More Than 4% After Q3 Results

News24.com | K.O shares clip of AKA's final days and slams accusations by Twitter sleuths - 'Stop playing'

K.O shared a video of one of AKA's final days in the recording studio before his death last week. from News24 Top Stories https://ift.tt/YVG5vsB

News24.com | He's back! Springbok lock RG nears return from horror injury

Irish club Munster said on Monday that Springbok lock RG Snyman is expected to make his long-awaited return to action next month. from News24 Top Stories https://ift.tt/cW4O0Bj

TikTok Fires Remaining Workforce In India, Shuts Operations: Report

News24.com | Sonia Booth's new cheesecake brand inspired by husband Matthew's alleged affair

Sonia Booth is using the cheesecake that exposed estranged husband Matthew's months-long affair as a business opportunity. from News24 Top Stories https://ift.tt/cmLATgY

Apple Facing Hurdles In Move To Boost Production In India: Report

News24.com | DStv says costs will remain 'most affordable' despite increase: Here's what you'll pay in 2023

MultiChoice is increasing the subscription fees of South African DStv subscribers from 1 April – although by a smaller percentage than in previous years. from News24 Top Stories https://ift.tt/0HPGJp4

Centre Planning To Include 21 More Airports Under Krishi Udan: Minister

Sales Of Commercial Vehicles To Grow 9-11% In FY24: Report

News24.com | Body of South African peacekeeper shot by sniper arrives home after deadly DRC mission

Flight Sergeant Vusumuzi Joseph Mabena's body has arrived home for his family to prepare their final farewells for the South African peacekeeper, who was killed when his helicopter came under fire in the DRC. from News24 Top Stories https://ift.tt/eThtv1n

Apple Supplier Salcomp To More Than Double Workforce In India To 25,000

News24.com | Prominent Eldorado Park anti-gang activist murdered in suspected hit

A prominent anti-corruption and anti-gang activist in Eldorado Park, Johannesburg has been murdered in what police have called a 'hit'. from News24 Top Stories https://ift.tt/irEMm89

Already Sold Out For The Year In India, Says Lamborghini Top Executive

Italian super-luxury carmaker Lamborghini has nearly met its target for the year 2023 in India in just first month. Speaking to Times of India , Lamborghini's Asia-Pacific director Francesco Scardaoni said they are "already sold out for the year". The company, which sells a range of cars with prices starting from Rs 3.8 crore in India, posted record sales in India in 2022 at 92 units, growing at 33 per cent from the previous year. Its previous best-ever sales in the country was in 2021 with 69 units. Before that, its best sales was in 2019 when it had sold a total of 52 units. The company hopes to retail over 100 cars in India, and most of them have already been ordered. Mr Scardaoni said the growth in sales is led by businessmen and ultra-high networth individuals (UHINs) as the impact of Covid wanes globally. "Looks like whatever we do sells pretty good," Lamborghini's top executive told TOI when asked it's proving to be a "golden period"

Adani Group Stocks Decline, Adani Enterprises Down More Than 4%

News24.com | PICS | Mpumalanga municipality suspends schooling and hospital activities due to flooding

Hospital services and schooling activities have been suspended in the Nkomazi Municipality in Mpumalanga, following reports of flooding. from News24 Top Stories https://ift.tt/XtlJGVx

News24.com | Tebello 'Tibz' Motsoane's family thank fans for 'love and support' following his death

from News24 Top Stories https://ift.tt/FqSyZeR

News24.com | SA's Strydom delivers flawless final round, claims Singapore victory on European Tour

Ockie Strydom fired a flawless nine-under-par 63 in his final round to burst through the field and win the Singapore Classic. from News24 Top Stories https://ift.tt/w5hR6o8

News24.com | How a South African solar-powered mobile cinema is creating jobs for young people

A solar-powered mobile cinema initiative is making locally relevant films more accessible to African audiences, while also creating opportunities for training and jobs. from News24 Top Stories https://ift.tt/LTOQRqg

News24.com | WATCH | Ireland wing scores 'one of the greatest finishes you will ever see'

Ireland wing James Lowe had the rugby world abuzz after delivering a stunning finish against France on Saturday. from News24 Top Stories https://ift.tt/68YyefL

Tata Steel To Merge 7 Subsidiaries By FY24, Says CEO TV Narendran

The merger of 7 subsidiary companies with Tata Steel is expected to be completed in 2023-24 fiscal year, its CEO and managing director T V Narendran said. In September 2022, Tata Steel board had approved a proposal to merge six of its subsidiaries into itself for greater synergies, higher efficiency and reduce costs. "We had already announced (merger of) 6 companies earlier. (Merger of) one more Angul Energy we announced recently," he told PTI in reply to a question on the timeline for the merger. However, the completion of the merger depends on the regulatory processes including NCLT clearances, post which the process is expected to be completed in the next financial year, the CEO said. "We are dependent on the speed at which we can go through our regulatory requirements," he added. Besides Angul Energy, the six subsidiaries to be merged with Tata Steel are Tata Steel Long Products (TSPL), The Tinplate Company of India, Tata Metaliks, TRF, Indian Steel & W

News24.com | Mozambique floods kill 4 in capital area

Four people have died in floods following days of incessant rains in southern Mozambique, the country's institute for risk management said on Saturday. from News24 Top Stories https://ift.tt/ZbPfvcs

News24.com | PICS | Turkey-Syria earthquake: SA rescuers search for survivors in 'trying' conditions

South African search and rescue team members who were deployed to Turkey are continuing with their efforts to search through the rubble of a 10-storey building that collapsed during tremors that followed a 7.8-magnitude earthquake that hit Turkey and Syria. from News24 Top Stories https://ift.tt/fBCOXgH

News24.com | WATCH | Police still combing AKA murder scene for clues

Police crime scene investigators are still combing the scene in Florida Road, Durban, where rapper Kiernan 'AKA' Forbes and a friend were shot dead. from News24 Top Stories https://ift.tt/YwsfE6V

News24.com | Police manhunt under way after killers shot AKA at close range and fled on foot

Fans and onlookers watched in horror as police, paramedics and forensics officials processed the scene in Florida Road, Durban, where rapper Kiernan "AKA" Forbes and another man were shot dead. from News24 Top Stories https://ift.tt/WHe58FL

News24.com | KLM flight from Amsterdam to Johannesburg forced to divert after onboard fire

KLM flight KL591 departed the airport at 11:30 and was scheduled to arrive in Johannesburg at 22:10 on Thursday. from News24 Top Stories https://ift.tt/3Bwa7eq

New Tax Regime To Benefit Middle Class, Says Finance Minister

Finance Minister Nirmala Sitharaman today said the new tax regime will benefit the middle class, as it will leave more money in their hands. Speaking to reporters after the customary post-Budget address to the central board of RBI, she said it is not necessary to induce individuals to invest through government schemes but give him an opportunity to make a personal decision regarding investments. Under the revamped concessional tax regime, which will be effective from the next fiscal, no tax would be levied on income up to Rs 3 lakh. Income between Rs 3-6 lakh would be taxed at 5 per cent; Rs 6-9 lakh at 10 per cent, Rs 9-12 lakh at 15 per cent, Rs 12-15 lakh at 20 per cent and income of Rs 15 lakh and above will be taxed at 30 per cent. However, no tax would be levied on annual income of up to Rs 7 lakh. Answering a question on the Adani Group row, the minister said, "Indian regulators are very, very experienced and they are experts in their domain. The regulators are seized o

News24.com | 'Sustained trauma'? Man sues woman for R40 million after he was friend-zoned

A man from Singapore is seeking hefty damages and claims that rejection after being friend-zoned caused him "sustained trauma" and depression. from News24 Top Stories https://ift.tt/s4NL5xD

Divide Between Urban India, Rural Bharat Closing, Says Mukesh Ambani

News24.com | Fadlu Davids fires warning to Kaizer Chiefs about 'Friday nights' at Harry Gwala Stadium

Maritzburg United head coach Fadlu Davids has warned Kaizer Chiefs about playing Friday nights at the Harry Gwala Stadium. from News24 Top Stories https://ift.tt/32xBpoF

Mahindra's Q3 Profits Misses Estimates On Higher Expenses

RBI May Need To Continue Infusing Longer-Term Liquidity In System: Analysts

Most Adani Group Stocks Fall In Early Trade, Adani Enterprises Down 10%

News24.com | Man City star De Bruyne 'proud' to include Sundowns as first African team to play in KDB Cup

Europe is calling for Mamelodi Sundowns as the club's under-15 youth team will represent South Africa in Manchester City star's self-named tournament - the Kevin de Bruyne Cup - in June this year. from News24 Top Stories https://ift.tt/cTs1At9

French Oil Major Puts On Hold Adani Hydrogen Plan Until Audit

News24.com | PICS | Guns and ammunition found hidden inside impounded vehicle

Ekurhuleni Metropolitan Police Department and police officers have recovered three firearms and 15 rounds of ammunition in a car at a Benoni police pound. from News24 Top Stories https://ift.tt/WPDyvA3

Hedge Funds Hunting for Adani Bargains Are Using This Playbook

Pakistan's Talks With IMF Over $1.1 Billion Bailout Hit Roadblock: Report

Adani Group Stocks Tumble In Morning Session, Adani Enterprises Slumps 20%

News24.com | Police make cocaine bust so huge it's 'more than New Zealand would use in 30 years'

Police have seized enough cocaine to supply New Zealand for 30 years, after snaring a massive bundle of drugs floating in the Pacific Ocean. from News24 Top Stories https://ift.tt/OREqzlT

News24.com | WATCH | Eastern Cape floods: Komani residents evacuated after heavy rains cause river to overflow

Residents of the Silvertown informal settlement had to be evacuated after heavy rains caused severe flooding in Komani, Eastern Cape. from News24 Top Stories https://ift.tt/Rr9d3tm

Current Account Deficit To Moderate In Second Half Of 2022-23: RBI Governor

News24.com | Alleged serial rapist winks at his wife in court, outside a woman recalls her horrific ordeal

An alleged Ekurhuleni serial rapist, pointed out by 19 rape complainants in an identity parade, winked at his wife and relatives in the public gallery when he appeared in a packed Daveyton Magistrate's Court on Tuesday. from News24 Top Stories https://ift.tt/J1MUzfc

Reserve Bank Of India Sees Retail Inflation Falling To 5.3% In 2023-24

News24.com | Mpumalanga traffic cop dies after being hit by vehicle she was trying to stop

A Mpumalanga traffic officer has died after she was hit by a vehicle she was trying to stop on the R544 between Emalahleni and Kriel. from News24 Top Stories https://ift.tt/QifVqT5

News24.com | 'We all scattered and ran for cover': Soweto traders recount chaos during cash-in-transit heist

Informal traders in Naledi, Soweto ran for cover on Monday when five, armed men stormed into the local Shoprite and opened fire on cash-in-transit guards. from News24 Top Stories https://ift.tt/WXJxUcs

No Proposal To Increase Amount Under PM-KISAN: Centre

News24.com | Sniper's bullet killed SA Air Force engineer, wounded pilot: Inside helicopter attack over Congo

A single bullet pierced through the side window of a South African Air Force Oryx helicopter, seriously wounding the commander of the helicopter and killing its flight engineer. from News24 Top Stories https://ift.tt/4Ikoae9

Reliance Capital Resolution: Notice Issued To Torrent Investments

News24.com | Cyril Ramaphosa | South Africans are demanding action. It is time for government to deliver

The fundamental problem is the same – poverty, inequality and unemployment – but the extent and depth of the problem are now far greater and the impediments to progress far more complex. We, therefore, cannot proceed as we would do at any other time, writes President Cyril Ramaphosa. from News24 Top Stories https://ift.tt/J7WZHOo

PM Modi Asks Investors To Explore Opportunities In Energy Sector

News24.com | Chuffed Faf implores re-born Temba to continue riding the wave: 'If you're in form, cash in'

Faf du Plessis has implored Temba Bavuma to continue riding his wave of good form after he went a long way towards justifying his belated inclusion in the SA20 at the Wanderers on Sunday. from News24 Top Stories https://ift.tt/s1V279f

Renault, Nissan Boards Approve Overhaul Of Alliance

News24.com | Nzimande to launch gender-based violence programme following murder of TUT student

Minister of Higher Education, Science and Technology Blade Nzimande will launch a gender-based violence awareness programme, following the murder of Tshwane University of Technology third-year student Ntokozo Xaba. from News24 Top Stories https://ift.tt/jJbQV9i

Vodafone Shares Up After Order To Convert $2 Billion Dues Into Equity

News24.com | EFF leader Julius Malema buoyant as compromise arrangement with ANC starts to bear fruit

Julius Malema said that, having joined forces with the ANC and other smaller parties, the EFF was set to gain more MMC positions in Ekurhuleni. from News24 Top Stories https://ift.tt/UF0THyB

Budget 2023: How Government Earns And Spends Every Rupee

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For every rupee that the Government of India earns, 34 paise comes through borrowings and liabilities while Goods and Services Tax (GST) contributes 17 paise, the 2023 Union Budget reveals. Income tax and corporation tax add 15 paise each to every one rupee the Centre earns each year, while Union Excise Duty and Customs add seven and four paise respectively. The remaining eight paise comes from non-tax receipts and non-debt capital receipts. As per Union Budget 2023, the outstanding internal and external debt, and other liabilities of the Centre are estimated at ₹1,69,46,666.85 crore for FY 2023-24. On the other hand, GST is estimated to rise by 12 per cent from ₹8,54,000 crore to ₹9,56,600 crore in 2023-24. Income tax, which is paid by just a small fraction of India's population, is expected to cross ₹9 lakh crore in 2023-24. Corporation tax, which is the tax levied on companies' incomes, is expected to be at ₹9,22,675 crore by March 2024. These two taxes along with th

News24.com | Durban attorney sentenced to five years for falsifying claim worth R100 000

Durban attorney Shameer Goolabjith has been sentenced to five years' imprisonment for falsifying a claim purportedly on behalf of a complainant. from News24 Top Stories https://ift.tt/qf1dlEm

News24.com | Bok winger Nkosi set to return to training with Bulls - report

Springbok winger Sbu Nkosi is reportedly set to return to training with the Bulls next week. from News24 Top Stories https://ift.tt/qkLjP5I

Centre Likely To Hike Dearness Allowance To 42% For 1 Crore Employees

The central government is likely to increase dearness allowance (DA) for its over one crore employees and pensioners by four percentage points to 42 per cent from existing 38 per cent as per the agreed formula for the purpose. The dearness allowance for employees and pensioners are worked out on the basis of the latest Consumer Price Index for Industrial Workers (CPI-IW) brought out by the Labour Bureau every month. The Labour Bureau is a wing of the Labour Ministry. Talking to PTI, All India Railwaymen Federation, General Secretary, Shiva Gopal Mishra said, "The CPI-IW for December 2022 was released on January 31, 2023. The dearness allowance hike works out to be 4.23 per cent. But the government does not factor in hiking DA beyond decimal point. Thus DA is likely to be increased by four percentage points to 42 per cent." He further explained that the expenditure department of the Finance Ministry will formulate a proposal to hike DA along with its revenue implication and

News24.com | Sharks mentor Powell after heavy Stormers defeat: 'We cannot get into this situation again'

Sharks director of rugby Neil Powell says they will take a hard look at themselves after a humbling 46-19 home loss to the Stormers. from News24 Top Stories https://ift.tt/O6wr10A

News24.com | Actor Rupert Everett claims he knows who it is Harry says he lost his virginity to in Spare

Actor Rupert Everett recently spoke to The Telegraph – and claims he knows who it is Prince Harry says he lost his virginity to in Spare. from News24 Top Stories https://ift.tt/WqiEMdl

News24.com | Magical Manie has rabbits by the ears as ruthless Stormers thrash hapless Sharks

John Dobson's troops showcased that they're undeniably still the team to beat in the South African shield following their URC win against the Sharks. from News24 Top Stories https://ift.tt/TUCI4ol

Businessinsider.co.za | Google CEO Sundar Pichai says users will be able to interact directly with AI features in search 'very soon'

AI "is the most profound technology" the company is working on, Pichai said. He first mentioned Google's plans to become "AI-first" several years ago. from News24 Top Stories https://ift.tt/dGDukRL

"Unusual Price Movement In Stocks Of Business Conglomerate": SEBI

The capital markets regulator Securities and Exchange Board of India (SEBI) has said it has observed "unusual price movement in stocks of a business conglomerate" in the past week amid the Adani stocks rout. "SEBI is committed to ensuring market integrity and to ensuring that the markets continue to have the appropriate structural strength to function in an uninterrupted, transparent and efficient manner as has been the case so far," SEBI said in a statement today. from NDTV Profit-Latest https://ift.tt/R0b75ah The capital markets regulator Securities and Exchange Board of India (SEBI) has said it has observed "unusual price movement in stocks of a business conglomerate" in the past week amid the Adani stocks rout. "SEBI is committed to ensuring market integrity and to ensuring that the markets continue to have the appropriate structural strength to function in an uninterrupted, transparent and efficient manner as has been the case so far,"

News24.com | The year of Beyoncé? Music's elite head to the Grammys

The brightest stars in pop music will vie for the industry's top awards at the Grammys in Los Angeles on Sunday, with a Beyoncé-Adele rematch set to take centre stage. from News24 Top Stories https://ift.tt/xq0SBdA

News24.com | Blue Bulls respond after development player allegedly murders TUT girlfriend

The Blue Bulls Rugby Union on Friday responded after a 2022 Country Districts player was allegedly arrested in connection with the murder of TUT student, Ntokozo Mayenzi Xaba. from News24 Top Stories https://ift.tt/NQ5rYlS

News24.com | Trevor Noah, the afro comb and airport security: Here's what really happened

Trevor Noah shared what really happened when airport security in Mexico confiscated his afro comb in a new interview. He also jokes about leaving The Daily Show. from News24 Top Stories https://ift.tt/KrzOHj5

News24.com | SA Tourism's R900m Spurs sponsor backlash: 4 other controversial club-country deals

SA Tourism's imminent announcement of becoming an official sleeve sponsor of Premier League side Tottenham Hotspur has caused a huge uproar in the country. from News24 Top Stories https://ift.tt/0fEIwlC

Moody's Says Assessing Financial Flexibility Of Adani Group Firms

News24.com | Cops catch suspected cable thieves digging trench, seize 500m of electric cable

Ekurhuleni Metro Police Department officers have disturbed suspected cable thieves digging a trench in Germiston and confiscated more than 500m of electric cable. from News24 Top Stories https://ift.tt/WHzAnwe

Rating Agency Fitch Says No Immediate Impact On Adani Group Entities

News24.com | New speaker 'elected', confidence motion rule passed despite collapse of Ekurhuleni meeting

After hours of arguing, the Ekurhuleni municipality's caucus meeting disintegrated into chaos after half the councillors walked out and the rest continued with the meeting. from News24 Top Stories https://www.news24.com/news24/SouthAfrica/News/new-speaker-elected-confidence-motion-rule-passed-despite-collapse-of-ekurhuleni-meeting-20230203

India's Services Sector Growth Dips Slightly In January

News24.com | Proteas skipper Bavuma lands SA20 gig after impressive ODI form

Proteas captain Temba Bavuma has been snapped up in the SA20 by Sunrisers Eastern Cape. from News24 Top Stories https://ift.tt/rAcjTMs

FedEx Corp To Lay Off 10% Of Management Ranks: Report

News24.com | Eskom can't keep the lights on - but it's delivering excellent profits for bondholders

Eskom’s dollar bonds due 2028 — which don’t have an explicit government guarantee — have handed investors a total return of 10% this year, more than three times that of the emerging-market benchmark from News24 Top Stories https://ift.tt/4kxpIGA

New Tax Regime "Sweetened" To Benefit Maximum People: Tax Body Chairman

News24.com | Malema, Snyman apply for magistrate's recusal in firearms-related case

The firearms-related trial of EFF leader Julius Malema and his bodyguard, Adriaan Snyman, has taken a new twist with a defence application for the recusal of Magistrate Twanet Olivier. from News24 Top Stories https://ift.tt/BwtLa5f

Budget: Big Push For Artificial Intelligence, New 5G App Labs

Three centres of excellence for artificial intelligence (AI) in top educational institutions and 100 labs in engineering institutions for developing applications using 5G services will be set up, Union Finance Minister Nirmala Sitharaman announced on Wednesday. The Finance Minister made the announcement in her budget speech in Lok Sabha. "Three centres of excellence for artificial intelligence will be set up in top educational institutions. Leading industry players will partner in conducting interdisciplinary research, developing cutting edge applications and scalable problem solutions in the areas of agriculture, health, sustainable cities," she said. Ms Sitharaman said that a total of 100 labs will be set up in engineering institutions in collaboration with various authorities, regulators, banks and other business for developing applications using 5G services. "To realise the new range of opportunities, business models and employment potential, the labs will cover,

News24.com | Ice-man Miller believes Jansen can become his spiritual Proteas successor: 'He has the gift'

David Miller has little doubt Marco Jansen can add to his ever-expanding cricketing repertoire by eventually becoming the type of "finisher" he already is with the bat for the Proteas. from News24 Top Stories https://ift.tt/2HGpZt0

News24.com | REVIEW | Resist binging superhero comedy Extraordinary – it's so good you'll want to savour it

This super-powered comedy will fly right into your heart. from News24 Top Stories https://ift.tt/XdJyLs6

Finance Minister Announces Scheme To Promote Alternative Fertilisers

Finance minister Nirmala Sitharaman today announced that Pradhan Mantri-Promotion of Alternate Nutrients for Agriculture Management Yojana (PM-PRANAM) will be launched to incentivise states to promote alternative fertilisers. The move would help to encourage states to reduce use of fertilisers. She said that 30 Skill India international centres will be be set up and Pradhan Mantri Kaushal Vikas Yojna 4.0 will also be launched to skill lakhs of youth. The government in 2021 launched the third phase of its flagship skilling scheme Pradhan Mantri Kaushal Vikas Yojana to empower the country's youth with employable skills by making over 300 skill courses available to them. State governments, she said, will be encouraged to set up Unity Mall for promotion and sale of 'one district one product' items and GI (Geographical indications) products. The minister added that the government would select 50 destinations through 'challenge mode' to promote tourism in the country

News24.com | Cape Town man gets life sentence for stabbing schoolteacher ex-girlfriend to death

Allison Plaatjies was found with her head almost decapitated and severe bite marks on her face on 26 October 2019 in her flat in Katjiepiering Street, Clanwilliam. from News24 Top Stories https://ift.tt/qVbFp3K

Budget: Capital Expenditure Increased By 33% To Rs 10 Lakh Crores

The central government will spend Rs 10 trillion (Rs 10 lakh crore) on longer term capital expenditure in 2023/24, extending a strategy adopted to revive growth in the aftermath of the Covid crisis. The allocation is higher than the Rs 7.5 trillion (Rs 7.5 lakh crore) budgeted in the previous year and the highest on record. The year-on-year increase of 33% is only marginally lower than last year's 35% jump. The ratio of capex-to-GDP, which rose to 2.7% in 2022/23, is estimated at 3.3% in the new financial year, Finance Minister Nirmala Sitharaman said. The government will also continue a Rs 1.3 trillion long-term loan to states for longer term investments, the minister said. (Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.) from NDTV Profit-Latest https://ift.tt/wTLl2Ms The central government will spend Rs 10 trillion (Rs 10 lakh crore) on longer term capital expenditure in 2023/24, extending a strategy adopted