Sat Sep 07 11:47:01 UTC 2024: ## Economic Times Headlines: Proxy Votes, Expensive Mid-Caps, and a Shift in Bail Practices

**Financial News:**
* **Proxy Votes Against Auditors:** Several Indian banks, including ICICI, YES Bank, and IDFC First Bank, faced proxy votes against the appointment of their auditors.
* **Mid-Cap Stocks Under Scrutiny:** 15 mid-cap stocks are trading at high PE ratios, raising concerns about their valuations despite good returns.
* **RBI and Fed Diverge on Payment Tech:** India’s Reserve Bank and the Federal Reserve hold contrasting views on the future of payment technology, creating a global debate.
* **Bank Stock Performance Tied to Food Prices:** High food prices are blamed for the underperformance of bank stocks in India.
* **Export Backbone Cracks:** MSME units in key manufacturing hubs are facing closure due to declining global orders.
* **Tata Sons’ N. Chandra Tops Salary List:** Tata Sons chairman N. Chandra earned the highest compensation among executives in India for FY24.

**National and International News:**
* **Manipur Violence Continues:** Militants fired a rocket at the residence of Manipur’s former Chief Minister.
* **Wrestler Protests: Political Conspiracy Alleged:** Union Minister Brij Bhushan Sharan Singh alleged the wrestlers’ accusations against him were a Congress conspiracy.
* **Boeing’s Starliner Lands Successfully:** Boeing’s Starliner spacecraft safely landed in New Mexico after a successful mission.
* **Train Derailment in Jabalpur:** The Somnath Express derailed in Jabalpur, but no casualties were reported.
* **Rahul Gandhi Criticized for Article 370 Stance:** Home Minister Amit Shah questioned Rahul Gandhi’s courage to speak about restoring Article 370 in Jammu and Kashmir.

**Other News:**
* **Ganesh Chaturthi Celebrations:** Devotees thronged temples across India to celebrate Ganesh Chaturthi.
* **Paralympics Judo Bronze:** India’s Kapil won bronze in judo at the Paralympics, attributing his success to 12 years of hard work.
* **J&K Elections: BJP Promises Financial Aid:** The BJP promised to provide ₹18,000 per year to senior women in Jammu and Kashmir ahead of the upcoming elections.
* **Praveen Wins Gold at Paralympics:** Praveen Kumar, a silver medalist at the Tokyo Paralympics, won gold in the shot put at the Paris Paralympics.

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