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New Delhi,1st August 2024: The 11th New Delhi edition of Gartex Texprocess India commenced today with a grand opening at the state-of-the-art expo centre, Yashobhoomi, IICC, Dwarka, New Delhi. Chief Guest, Shri Giriraj Singh, Minister of Textiles highlighting FDIs and joint venture as huge opportunities in the sector.

The show floor is packed with more than 180 exhibitors presenting 600+ brands from countries like India, China, Italy, Japan, Singapore, Taiwan, USA and to showcase the advancements from the world of textiles and garment manufacturing industry.

The 11th edition of the show was inaugurated today in the presence of the esteemed dignitaries of the textile industry, which included:

  1. Chief Guest: Shri Giriraj Singh, Minister of Textiles, Government of India
  2. Mr. Elgar Straub, Managing Director, VDMA Textile Care, Fabric & Leather Technologies
  3. Mr. Sharad Jaipuria, President, Denim Manufacturers Association & Chairman & Mnaging Director of Ginni International Ltd
  4. Mr Simon Lee, Managing Director of Hyosung Group ( Hyosung corporation India Pvt Ltd & Hyosung India Pvt Ltd)
  5. Mr Aamir Akhtar, Group President & CEO Textiles, Jindal Worldwide Limited

Addressing the gathering the Chief Guest, Shri Giriraj Singh, Hon’ble Minister of Textiles, expressed: “I see a very good programme organised with the knowledge sessions, product display and B2B networking opportunities. I thank all the companies associated with garment, machinery, fabrics and denims industry for this.” His address emphasised on encouraging the joint ventures, FDI and collaborative progress within the textile manufacturing between suppliers and manufacturers and brands. He also mentioned that that after agriculture, if there is any sector that has employment potential then it is textiles. Indian government will work in collaboration with the agriculture and textile department to drive the sector ahead. He also emphasised that ‘handlooms’ is one significant sustainable fabric.

Gartex Texprocess India has consistently been at the forefront of showcasing innovations and emerging trends in the textile and garment industry. This edition is featuring an array of innovative product launches from various brands catering to denims, machinery manufacturing, sewing machines, fabrics, trims, accessories and more.

Mr. Raj Manek, Executive Director and Board Member of Messe Frankfurt Asia Holdings Ltd, expressed his enthusiasm on the inauguration of the 11th New Delhi edition. He said: “We are thrilled with the overwhelming response to the 11th edition of Gartex Texprocess India from the industry stakeholders. The Indian government’s focus has been on manufacturing and it gives us the immense pleasure to witness the advancements in textiles and garment manufacturing solutions, denims and more from 200+ exhibitors. This reflects the vibrant and dynamic spirit of this sector.”

Mr. Gaurav Juneja, Director of MEX Exhibitions Pvt Ltd, added: “The impressive turnout and participation from leading brands and international exhibitors highlight the significance of Gartex Texprocess India in driving the future of the textile and garment manufacturing industry. We look forward to positive and successful show with business discussions, networking, knowledge sharing and innovations across three days. “

Day two dedicated to denims will present knowledge rich sessions from Denim industry experts who will discuss everything right from denim manufacturing to its sustainable solutions. The sessions will touch upon areas like laundry automation, sustainability, innovations in denims and how can AI tools be utilized to identify the denim trends as well as lifecycle assessment of denims. These discussions will offer the attendees a lot of crucial insight on denims that will help professionals explore their knowledge, practices and processes.

Organized by MEX Exhibitions Pvt Ltd and Messe Frankfurt Trade Fairs India Pvt Ltd, the three-day trade fair will continue to showcase industry trends and innovations till 3rd August 2024.

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Adani Green Energy Limited (AGEL) is poised for a remarkable surge, with Jefferies forecasting a potential 75% rally in its stock price. The catalyst for this significant growth is the Khavda Renewable Energy (RE) plant in Gujarat, which promises to revolutionize the renewable energy sector and drive Adani Green’s stock to unprecedented heights.

The Khavda RE Plant: A Massive Undertaking

The Khavda RE plant is a colossal project, sprawling over an impressive 538 square kilometers—an area nearly five times the size of Paris. This ambitious initiative is set to position Adani Green at the forefront of the renewable energy industry, showcasing its capability to execute large-scale projects with unparalleled speed and efficiency.

Within just 12 months of breaking ground, AGEL has already operationalized the first 2 GW of the Khavda plant’s capacity. This swift progress is a testament to the company’s dedication and operational excellence. By the end of the fiscal year 2025, AGEL plans to add a total of 6 GW capacity, with Khavda contributing a significant portion of this expansion. The long-term vision for Khavda is even more ambitious, with the entire 30 GW RE capacity slated for completion by 2029, setting a global benchmark for large-scale renewable energy projects.

Jefferies’ Bullish Outlook

Jefferies, a leading global brokerage firm, has set a target price of ₹2,130 per share for Adani Green Energy, indicating a 17% potential upside from the previous close. However, in a more optimistic scenario, Jefferies envisions the stock soaring to ₹3,180 per share—a staggering 75% increase from the current price of ₹1,830.

This bullish outlook is underpinned by several key factors:

  • Industry Tailwinds: The renewable energy sector is experiencing strong tailwinds, driven by global efforts to combat climate change and transition to sustainable energy sources.
  • Power Demand Growth: Increasing power demand, particularly in developing economies, is set to fuel the growth of renewable energy companies like AGEL.
  • Capacity Expansion Targets: AGEL’s ambitious target of achieving 50 GW capacity by 2030 positions it as a major player in the renewable energy market.

The Road Ahead

Adani Green Energy’s Khavda plant is not just a project; it’s a game-changer that exemplifies the company’s strategic vision and execution prowess. As AGEL continues to expand its capacity and capitalize on industry trends, its stock is poised for substantial growth.

Investors and industry observers alike are closely watching Adani Green’s progress, eager to see how the Khavda project unfolds and propels the company toward its lofty goals. With a combination of strategic foresight, operational excellence, and favorable market conditions, AGEL is well on its way to becoming a dominant force in the renewable energy sector.

In conclusion, Adani Green Energy’s Khavda plant is set to redefine the renewable energy landscape, offering immense potential for growth and setting a new standard for large-scale energy projects. As Jefferies’ optimistic projections suggest, the future looks bright for AGEL and its stakeholders.

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India’s star shooter Manu Bhaker clinched India’s first medal at the Paris Olympics 2024 by winning bronze in the women’s 10m air pistol final. With this victory, she etched her name in history as the first Indian woman to win a medal in the 10m air pistol event at the Summer Olympic Games.

Breaking a 13-Year Drought

Bhaker’s triumph ended India’s 13-year wait for a shooting medal at the Olympics. The last time India stood on the shooting podium was at the 2012 London Olympics, where rapid-fire pistol shooter Vijay Kumar and 10m air rifle marksman Gagan Narang both secured bronze medals. Indian shooting had since endured two Olympics without a medal, but the 22-year-old Bhaker fought hard to earn the bronze with a score of 221.7.

The Final Showdown

In a thrilling final, Korea’s Kim Yeji claimed silver with a total of 241.3, while her compatriot Jin Ye Oh snared the gold with a Games record of 243.2. Despite the stiff competition, Bhaker’s resilience and determination shone through, securing her a place on the podium.

A Grandmother’s Pride

Reacting to Bhaker’s achievement, her grandmother expressed immense pride and joy: “I bless her. She has done a great job. We will all welcome her once she is here. I will prepare special food for her…” Bhaker’s journey to this moment was fueled by a desire for redemption after a heartbreaking experience at the Tokyo 2021 Olympics, where a pistol malfunction during qualifications left her in tears.

A Historic Achievement

Bhaker’s bronze medal marks a historic moment for Indian shooting. She became the first Indian woman shooter in two decades to reach an Olympic final in an individual event, a feat last achieved by Suma Shirur in the 10m Air Rifle event at the Athens 2004 Olympics. Additionally, she made history as the first Indian woman to advance to the final round of the 10m Air Pistol event at any Olympic Games.

The Girl from Haryana: Manu Bhaker’s Journey

Born on February 18, 2002, in Jhajjar, Haryana, Manu Bhaker discovered her passion for shooting after experimenting with boxing, tennis, and skating. Her breakthrough on the world scene came in 2017, and since then, she has become well-known for her extraordinary pistol shooting abilities.

A String of Accomplishments

Bhaker’s big break came at the 2018 Youth Olympic Games in Buenos Aires, where she became the first Indian shooter to win a gold medal in the 10m Air Pistol competition. She continued her winning streak at the ISSF World Cup competitions, earning numerous medals, including gold in both mixed and individual team events. At just 16 years old, Bhaker won gold at the 2018 ISSF World Cup in Guadalajara, marking her first significant triumph.

Her success continued at the 2018 Commonwealth Games in Gold Coast, Australia, and the Asian Games in Jakarta, where she, alongside Abhishek Verma, won gold in the mixed team 10m Air Pistol event. In recognition of her achievements, Bhaker was awarded the prestigious Arjuna Award in 2020.

A Bright Future Ahead

Manu Bhaker’s journey is a testament to her resilience, talent, and unwavering dedication. Her historic bronze at the Paris Olympics 2024 not only brings pride to India but also sets the stage for an even brighter future in the world of shooting. As she continues to aim for greater heights, Bhaker’s legacy will undoubtedly inspire countless young athletes across the nation.

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Prime Minister Narendra Modi is set to initiate the construction of the Shinku La tunnel in Ladakh, marking a significant step towards enhancing all-weather connectivity from Manali in Himachal Pradesh to Leh via the Nimmu-Padam-Darcha axis. This event, referred to as the “first blast,” will be conducted remotely from the Kargil war memorial in Dras on Friday, where Modi will also pay tribute to Indian soldiers on the 25th anniversary of the Kargil War.

The Shinku La tunnel, situated at an altitude of 15,800 feet, will surpass China’s Mila tunnel (15,590 feet) to become the highest tunnel in the world. Expected to be completed in four years, this 4.1 km-long tunnel will significantly enhance military mobility and logistics support for deployed forces in the Ladakh sector by providing a reliable alternative route. Once operational, the tunnel will reduce the distance between Manali and Leh by 60 km, bringing it down from 355 to 295 km.

The Nimmu-Padam-Darcha road, which will integrate with the tunnel, is already nearing completion, having achieved connectivity between Nimmu and Darcha in March 2024. This road is being blacktopped, and its strategic importance cannot be overstated. It provides a shorter and more reliable route compared to the traditional Manali-Leh and Srinagar-Leh routes, crossing only one high pass at 16,615 feet.

The timing of this development is crucial as the military standoff between India and China in eastern Ladakh continues into its fifth year, with ongoing negotiations aiming to restore the status quo ante of April 2020.

The Border Roads Organisation (BRO), which is spearheading the construction, has significantly improved strategic mobility along the border with China. Over the past three years, BRO has completed 330 projects worth ₹8,737 crore. Additionally, BRO is on the verge of completing a critical project to provide alternative connectivity to Daulat Beg Oldi (DBO), India’s northernmost military base near the Line of Actual Control (LAC).

The new 130-km road from Sasoma in the Nubra Valley to DBO near the Karakoram Pass is nearing completion. This route will serve as an alternative to the existing 255-km Darbuk-Shyok-Daulat Beg Oldi (DS-DBO) road, which runs close to the LAC. The strategic push for improved border infrastructure has been bolstered by increased spending and the adoption of advanced technologies and techniques.

In line with this infrastructure push, the BRO has been allocated a capital outlay of ₹6,500 crore in the defence budget for 2024-25, marking a 30% increase from the previous fiscal year and a 160% increase from FY 2021-22. This substantial investment underscores the government’s commitment to enhancing India’s strategic capabilities and ensuring robust support for military operations in the region.

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In the Union Budget 2024-2025 presented by Finance Minister Nirmala Sitharaman, several key measures have been introduced that will impact the prices of various goods, making some items cheaper and others costlier. This budget, the first of the BJP-led NDA government, aims to shape India’s economic landscape, affecting everything from infrastructure development to social welfare programs.

Cheaper Items

The finance minister announced measures leading to the reduction in prices for mobile phones, gold, silver, and copper. Here’s a detailed list of items that have become cheaper:

  • Mobile Phones and Chargers: Basic Customs Duty reduced to 15%.
  • Gold and Silver: Customs duty reduced to 6%, and platinum to 6.4%.
  • Cancer Treatment Medicines: Three specific medicines exempted from Basic Customs Duty.
  • Solar Panels: Expansion of the list of exempted capital goods used in their manufacturing.
  • E-Commerce: TDS rate reduced from 1% to 0.1%.
  • Ferronickel and Blister Copper: Basic Customs Duty removed.
  • Shrimp and Fish Feed: Customs duty on various inputs exempted or reduced to 5%.
  • Leather and Textile Sectors: BCD on real down filling material reduced to enhance export competitiveness.
  • Ammonium Nitrate: Basic Customs Duty reduced from 7.5% to 10%.
  • Oxygen-Free Copper: Duty removed for the manufacture of resistors.
  • Critical Minerals: Customs duties fully exempted on 25 critical minerals for sectors like nuclear energy, renewable energy, space, defence, telecommunications, and high-tech electronics.

Costlier Items

Conversely, some items will see a price increase due to higher customs duties:

  • Ammonium Nitrate: Customs duty increased to 10%.
  • Non-Biodegradable Plastics: Duty increased to 25%.
  • Telecom Equipment: Specified equipment’s basic customs duty raised to 15% from 10%.
  • High-Value Goods: TCS of 1% on notified goods valued over ₹10 lakh.

Tax Changes

The finance minister also announced several changes to tax deductions:

  • Standard Deduction: Increased from ₹50,000 to ₹75,000 for salaried employees under the new tax regime.
  • Family Pension: Tax deduction increased from ₹15,000 to ₹25,000 for pensioners.

In last year’s budget, there were significant cuts in import taxes on various components, including camera lenses, to promote mobile phone manufacturing in India. The tax rate on lithium-ion batteries, essential for phones and electric vehicles, was also reduced to make manufacturing in India more cost-effective.

The Economic Survey 2024 predicts India’s GDP to grow between 6.5-7% this year, with retail inflation declining to 5.4% during 2023-24 from 6.7% previously. The survey, presented by Finance Minister Nirmala Sitharaman, emphasized ‘Service’ and ‘growth’.

Like recent budgets, Budget 2024 was delivered in a paperless format. An Interim Union Budget 2024 was previously presented on February 1, in anticipation of the general elections.

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Mumbai, July 21 — In a surprising move, Suryakumar Yadav has been appointed as the captain of the Indian T20 side for the upcoming tour of Sri Lanka, surpassing Mumbai Indians skipper Hardik Pandya. The decision comes amidst Pandya’s personal challenges, including his recent separation from wife Natasa Stankovic after four years of marriage.

Selection Committee’s Concerns

Reports indicate that the selection committee, led by Ajit Agarkar, had reservations about Pandya’s leadership capabilities, feeling that he required ‘handholding’ to excel. A recent PTI report quoted selectors stating, “He needs a bit of handholding and Ashish Nehra did that at GT. Mark Boucher wasn’t that man at MI, and the younger lot in the Indian dressing room seem to respond better to Surya than to Pandya.”

Hardik Pandya’s Leadership Questioned

Despite leading India to their first ICC tournament title in 11 years, Pandya has faced criticism for his international performance, having a 50 percent appearance rate in white-ball formats over the last 19 months. The selectors’ decision underscores a significant vote of ‘no confidence’ in his leadership, pushing Pandya to participate in domestic cricket to secure his place in the Champions Trophy next year. He is expected to play in the Vijay Hazare Trophy for Baroda in December.

Mumbai Indians’ Dilemma

The decision also raises questions about Pandya’s future with the Mumbai Indians (MI), a franchise with significant influence in the IPL. Last year, Pandya replaced the popular Rohit Sharma as MI’s captain under contentious circumstances. With Suryakumar Yadav now captaining the Indian T20 team and being part of MI’s roster, the franchise faces a crucial decision ahead of next year’s mega auction. Retaining both key players will be a challenge, and Pandya’s position as captain is under scrutiny.

Looking Ahead

As Pandya grapples with these professional and personal challenges, the cricketing community will closely watch how he navigates this period. His performance in the domestic circuit will be crucial in determining his future with both the Indian team and Mumbai Indians.

The appointment of Suryakumar Yadav as the new T20 captain marks a significant shift in Indian cricket, signaling a preference for leadership that resonates more effectively with the younger players in the team. As the new captain prepares for the Sri Lanka tour, all eyes will be on how this change impacts the dynamics and performance of the Indian T20 side.

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New Delhi: Finance Minister Nirmala Sitharaman is set to table the Economic Survey in Parliament on July 22, just one day before the Union Budget. This annual document serves as a comprehensive report on the economy’s current state and provides a growth outlook for the future. Prepared by a team led by Chief Economic Adviser V. Anantha Nageswaran, the Economic Survey offers detailed statistical information and analysis on various economic sectors, including employment, GDP growth, inflation, and the budget deficit.

India, maintaining its position as the world’s fastest-growing economy, will present this Economic Survey amidst positive revisions from major financial institutions. The International Monetary Fund (IMF) recently raised its economic growth forecast for India for the fiscal year 2025 to 7 percent, up from the 6.8 percent projected in April.

“The forecast for growth in India has also been revised upward, to 7 percent, this year, reflecting carryover from upward revisions to growth in 2023 and improved prospects for private consumption, particularly in rural areas,” stated the IMF.

Similarly, in June, the Reserve Bank of India (RBI) revised its growth forecast to 7.2 percent from the previous 7 percent. The RBI projects that India is on track to achieve an 8 percent GDP growth trajectory on a sustained basis, driven by structural economic reforms such as the Goods and Services Tax (GST).

RBI Governor Shaktikanta Das noted, “If you look at the average growth India recorded over the three years, the average comes to 8.3 percent, and for the current year, we have projected a 7.2 percent growth.” He also highlighted that the Indian economy contributed 18.5 percent to global growth in the last financial year (2023-24), a significant increase from the lower figures of 7 or 8 years ago. The IMF has projected that this growth will continue to rise.

As India prepares to present the Economic Survey, the country’s economic resilience and growth prospects remain strong, positioning it favorably on the global economic stage.

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Ashadi Ekadashi, also known as Devshayani Ekadashi or Padma Ekadashi, is a deeply significant day for Hindus, observed on the eleventh day (Ekadashi) of the waxing fortnight (Shukla Paksha) in the Hindu lunar month of Ashadha (June-July). This year, Ashadi Ekadashi will be celebrated on Wednesday, July 17, 2024.

What is Ashadi Ekadashi?

Ashadi Ekadashi heralds the beginning of Chaturmas, a four-month period during which Lord Vishnu is believed to enter a deep, meditative sleep known as Yog Nidra. During this time, Hindus refrain from undertaking major life events such as weddings, adhering to strict religious observances.

Fasting and Celebration

On Ashadi Ekadashi, devotees of Lord Vishnu engage in a rigorous fast, abstaining from grains, certain vegetables, and other specific foods. The day is dedicated to prayer, meditation, and performing puja (worship rituals), seeking Lord Vishnu’s blessings. The fast is traditionally concluded the next day, on Dwadashi Tithi, during a specific Parana time, which varies by location.

Significance of Ashadi Ekadashi

Ashadi Ekadashi is imbued with profound spiritual significance. Observing the fast is believed to bestow good health, wealth, prosperity, and ultimately, Moksha (liberation). Devotees seek the divine blessings of Lord Vishnu, aiming for a life filled with happiness and prosperity.

The Vrat Katha (Fasting Story)

Hindu mythology recounts that a king once faced a devastating drought that brought great suffering to his kingdom. A wise sage advised the king to observe Ashadi Ekadashi with sincere devotion. Following this guidance, the king diligently fasted and prayed to Lord Vishnu. Pleased with the king’s devotion, Lord Vishnu blessed the kingdom with abundant rains, restoring prosperity and joy.

Ashadi Ekadashi in 2024

  • Date: Wednesday, July 17, 2024
  • Parana Time (Fast Breaking Time): To be determined (Varies based on location; consult your local Panchang for specific timings)
  • Significance: Marks the start of Chaturmas, a period of religious observances. Fasting is believed to bring Lord Vishnu’s blessings.

Ashadi Ekadashi is a revered day for millions of Hindus around the world. Through fasting and adherence to tradition, devotees seek the divine blessings of Lord Vishnu, ensuring a life of happiness, health, and prosperity. This observance underscores the importance of spiritual discipline and devotion in Hindu life.

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New Delhi, July 7, 2024 — The sci-fi epic Kalki 2898 AD is maintaining its impressive run in theatres, completing two weeks since its release. On its 14th day, the film grossed ₹7.5 crore in India, bringing its total domestic earnings to ₹536.75 crore, according to Sacnilk. The producers, Vyjayanthi Films, announced that the film had crossed ₹900 crore globally by its 11th day. With these figures, Kalki 2898 AD has surpassed the lifetime earnings of Ranbir Kapoor’s Animal, which grossed ₹915 crore worldwide in 2023.

  • Kalki 2898 AD* now ranks as the second-biggest hit for its lead star Prabhas, following SS Rajamouli’s Baahubali 2, which grossed over ₹1788 crore worldwide in 2017. Additionally, it has become the highest-grossing film for veteran actors Amitabh Bachchan and Kamal Haasan.

Despite experiencing a significant drop of over 75% on its second Monday, when it earned ₹10.4 crore, the film has maintained steady collections in single digits. According to Sacnilk, the decline from Tuesday to Wednesday was approximately 14%.

Initially, Kalki 2898 AD garnered most of its revenue from the Telugu version but has now shifted focus to the Hindi market. On its 14th day, the Hindi version contributed ₹4.75 crore, while the Telugu version earned ₹1.7 crore. The Hindi version has grossed ₹229.05 crore, whereas the Telugu version stands at ₹252.1 crore. On Wednesday, the film recorded a Hindi occupancy rate of 13.81% and a Telugu occupancy rate of 18.6%.

  • Kalki 2898 AD* features a dystopian world inspired by Hindu scriptures and is set in the year 2898 AD. The film is directed by Nag Ashwin and stars Prabhas, Amitabh Bachchan, Deepika Padukone, Kamal Haasan, and Disha Patani in lead roles.

This post-apocalyptic film continues to captivate audiences, demonstrating strong staying power at the box office.

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New Delhi, July 7, 2024 — In a pivotal decision, the Supreme Court has decided not to halt the NEET UG 2024 counseling process, despite serious allegations of paper leaks and other malpractices. Petitioners had sought the suspension of counseling and a Central Bureau of Investigation (CBI) probe into the alleged irregularities surrounding the examination.

The bench, headed by Chief Justice of India D.Y. Chandrachud, stated that the evidence presented was insufficient to warrant an immediate cessation of the counseling process. The court stressed that emotional appeals, such as those linking NEET results to student suicides in Kota, should not influence judicial decisions.

While the Court did not stop the counseling, it recognized the gravity of the malpractice allegations. A notice was issued to the National Testing Agency (NTA), responsible for conducting NEET, requesting a detailed response within two weeks. The next hearing is scheduled for July 8.

The petitioners argued that the examination’s integrity was compromised, impacting the future prospects of numerous aspirants. They called for a comprehensive investigation to ensure the fairness and transparency of the NEET UG 2024 examination process.

NEET UG is a crucial examination for students aspiring to enter undergraduate medical and dental courses in India. Given the high stakes and the sheer number of candidates—over a million—any hint of malpractice raises significant concerns among students and their families.

The outcome of this case is highly anticipated, as it could have far-reaching implications for medical education in India. The NTA’s response to the Supreme Court will be pivotal in determining the future course of action regarding these allegations.

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