Morning Digest: New private investment plans decline to 20-year low in Q1; French left set to defeat far right in election upset, and more
The Hindu
The Hindu’s Morning Digest on July 8, 2024, gives a select list of stories to start the day
New private investment plans decline to 20-year low in Q1
In an exceptionally slow start to private capex in this financial year, new investment plans in the country slumped to a 20-year low in the April to June quarter, with just ₹44,300 crore of fresh outlays announced by corporates.
The first quarter of 2023-24 had recorded new investment announcements of nearly ₹7.9 lakh crore, while outlays worth ₹12.35 lakh crore were announced in the preceding January to March 2024 quarter.
French leftists win most seats in elections; far right falls to third
A coalition on the left that came together unexpectedly ahead of France’s snap elections won the most parliamentary seats in the vote, according to polling projections on Sunday. The surprise projections put President Emmanuel Macron’s centrist alliance in second and the far right in third.
With 2 more killed, 6 militants dead in long operation at Kulgam
The death toll of militants, trapped at two encounter sites in south Kashmir’s Kulgam, rose to six on July 7, as the anti-militancy operation continued in the district for the second consecutive day. Two soldiers were also killed in the firefight with the militants. Separately, one soldier was injured in a militant attack at Rajouri.
The Shakespeare Millennium Club recently organised a Carnival (its first ever) for about 100 children from the Avvai Home, the Fathima Home and the Anjuman Himmayat Home at Avvai Home in Adyar. The Arabian Huts went up, the Bubble House and the Bouncing Castle were in place, the Horse drawn Carriage stood ready to give the children joy rides, the Turkish Ice-cream man was all set to exhibit his talent of dodging the grasp of the expectant children, the Chocolate Fountain was oozing delicious Chocolate in which the Children could dip their Wafers to their hearts’ content, the Popcorn machine warmed up to serve both candied and salted Popcorn, and then there was a spread of Bun, Butter, Jam, Samosas, Jilebi, Packets of Lays chips, Frooti and of course Bisleri water, says a press release from the Club.