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Sensex tumbles 733 points amid broad-based selloff
From the Sensex basket, Larsen and Toubro, Maruti, Reliance Industries, Nestle, Bharti Airtel, UltraTech Cement, Kotak Mahindra Bank and JSW Steel were among the major laggards. Bajaj Finance climbed nearly 1 per cent higher.
FM Sitharaman refutes reports of income tax changes after Lok Sabha election results
Finance Minister Nirmala Sitharaman has refuted media reports that said the new government will bring some sweeping changes in the income tax system after the Lok Sabha election results.
Spices exporters forum allay concerns over ethylene oxide usage
While AISEF reaffirmed its commitment to upholding the highest quality and safety standards in spice exports from India, the forum emphasised the importance of legalising ethylene oxide (EtO) treatment for spices in India
Square Yards breaches Rs 1,000 Cr revenue in FY24, turns EBITDA profitable in Q4
Proptech firm Square Yards has crossed the 1,000 crore revenue mark during the fiscal year ending in March 2024, according to the companys provisional financial statement reviewed by Entrackr. The Gurugram-based company saw around 50% growth in its total revenue in FY24 to Rs 1,000 crore from Rs 663 crore in FY23. The operating revenue Continue reading Square Yards breaches Rs 1,000 Cr revenue in FY24, turns EBITDA profitable in Q4 The post Square Yards breaches Rs 1,000 Cr revenue in FY24, turns EBITDA profitable in Q4 appeared first on Entrackr .
Rosamund Pike set to star in 'Now You See Me 3' with Jesse Eisenberg
Rosamund Pike has joined the cast of Now You See Me 3, adding to the star-studded lineup that includes Jesse Eisenberg, Woody Harrelson, and others. The third installment of the franchise, directed by Ruben Fleischer, will continue the story of the Four Horsemen, known for their magical heists. Pike's inclusion alongside newcomers like Justice Smith brings anticipation for another thrilling chapter in the series.
Sundar C's 'Aranmanai 4' has garnered attention on Twitter with mixed reviews from audiences. While some praised its entertainment value and performances, others noted drawbacks like repetitive scenes. Tamannaah Bhatia's stellar acting and Sundar C's direction have been highlighted positively. The film's box office prospects look promising, hinting at a potential success.
Vande Metro first look out! Vande metro route, timings, launch date, speed, features
Vande Metro train: The Rail Coach Factory in Kapurthala, Punjab, rolled out the first Vande Bharat Metro, a short-distance version of the Vande Bharat Express trains revealing its first look.
Anushka Sharma celebrated her 36th birthday with a cozy dinner alongside husband Virat Kohli and close friends at Lupa Bengaluru. This marked her first public appearance since the birth of their son, Akaay. Virat's heartfelt tribute and the warm camaraderie captured during the celebration highlighted the couple's deep bond. Meanwhile, Anushka has been gearing up for her comeback in cinema with 'Chakda Xpress.'
Raymond's board approves demerger of engineering biz for its foray into aerospace, defence, EV
The boards of Raymond's various subsidiaries have approved a demerger of its engineering business to allow it to expand into sunrise sectors like aerospace, defense, and electric vehicle components. The merger will consolidate Raymond's engineering and MPPL businesses, aiming for profitable growth and segregation.
Byju's may pay April salary to employees this week
Cash-strapped edtech firm Byju's is likely to pay its employees the April salaries this week, according to sources. The company is grappling with the issue of delays in paying salaries to employees. There has been a delay in salary. It is expected to be now paid sometime this week, said a person.
India's IPO market set to break May jinx
'Sell in May, go away' is a popular market adage. But 'Don't sell any new shares in May' is the best kept secret of Dalal Street that's set to break. Sample this: the last four General Election election cycles starting 2004 have not seen a single initial public offering (IPO) launch during the month of May.
Vaani Kapoor teams up with Aparshakti Khurrana and Paresh Rawal for 'Badtameez Gill'
Bollywood actress Vaani Kapoor is set to star in the upcoming dramedy film Badtameez Gill directed by Navjot Gulati. The movie revolves around a modern-day girl and her family, with the story spanning locations in Bareilly and London. Kapoor will be joined by Aparshakti Khurrana playing her brother and Paresh Rawal as her father.
Biden administration says 1 lakh new migrants are expected to enroll in 'Obamacare' next year
The Biden administration has released a directive allowing approximately 100,000 children of US immigrants to enroll in the Affordable Care Act's health insurance next year. The move falls short of Biden's initial proposal to allow these migrants to sign up for Medicaid. However, it will allow thousands of migrants to access tax breaks when they sign up for coverage.
INDIA bloc supports anti-national forces and are against Lord Ram, says JP Nadda
In an election rally in Gujarat's Dahod, Nadda said several INDIA bloc leaders are either in jail or on bail, and called the grouping an alliance of dynastic parties and corrupt people.
Britney Spears and Sam Asghari have officially divorced after nearly two years of marriage. The dissolution was finalized by a Los Angeles County judge following a settlement reached by the couple. They cited irreconcilable differences, and neither will receive spousal support. The divorce marks the end of a relationship that began seven years ago and culminated in a wedding celebrated by celebrities.
Want Extra Income? 5 Side Hustle Ideas From 'Rich Dad Poor Dad' Author Robert Kiyosaki
Want Extra Income? 5 Side Hustle Ideas From 'Rich Dad Poor Dad' Author Robert Kiyosaki
Coforge CEO: Cigniti to be EPS accretive from Day 1
CCIs March 15 order suffers from perversity, contradicts its own strong findings of the Prima Facie order against Google, Startups tell NCLAT
Cutting exposure to capital goods: Devina Mehra
Axis Bank re-rating to continue on steady NIMs
Re-rating of Axis Bank's stock may continue in the near-future, believe analysts, as the risk-reward on the stock remains favourable amid healthy financials. The bullish stance comes after the Mumbai-based lender delivered a strong outperformance in the March quarter of fiscal year 2023-24 (Q4FY24) on core pre-provision profit and net profit, with improving asset quality. Axis Bank's net interest margin (NIM) expanded, against expectations, even in a tough market.
India and Nigeria are ramping up cooperation in several key areas to bolster economic ties. During a recent visit by an Indian delegation to Nigeria, both countries discussed increasing collaboration in sectors such as crude oil, natural gas, pharmaceuticals, Unified Payments Interface (UPI), local currency settlement systems, and the power sector. Led by Amardeep Singh Bhatia, the delegation included officials from the Reserve Bank of India (RBI), EXIM Bank of India, and the National Payments Corporation of India (NPCI).
Spices Board mandates ETO testing for spice exports to Singapore, Hong Kong from May 6
MRL for ETO in spices in Singapore is 50 ppm; HK has zero tolerance
Indias renewable energy sector achieves nearly 95% of FY24 bidding target
The tenders included vanilla solar and wind, as well as innovative procurement formats, and tenders with storage components
Pravis acquires stake in adtech gaming platform StreamO
Growth marketing firm Pravis, founded by former co-founders of Momspresso, has acquired a significant stake in adtech gaming platform StreamO. This venture is set to explore the substantial business potential of the rapidly growing gaming sector, particularly in the GenZ demographic. The new partnership with Pravis promises to strengthen StreamOs leadership in connecting brands with Continue reading Pravis acquires stake in adtech gaming platform StreamO The post Pravis acquires stake in adtech gaming platform StreamO appeared first on Entrackr .
Why stock exchanges are eyeing index derivatives
Stock exchanges are expanding the buffet of index derivatives even as the number of stocks permitted to trade in this space, generating an average daily turnover of Rs 450 trillion, is shrinking. This week, the National Stock Exchange (NSE) started issuing futures and options (F and O) contracts based on the Nifty Next 50 Index, bringing the total count of index derivatives to five.
Gradual volume recovery, valuations to support HUL
Hindustan Unilever's (HUL's) performance for the quarter ended March 2023 (Q4FY24) was in line with modest consensus expectations. Net revenue was up 1 per cent year-on-year (Y-o-Y) with 2 per cent volume growth. Home care maintained single-digit volume growth Y-o-Y.
World Press Freedom Day on May 3 highlights the importance of press freedom, established in 1993 by the UN General Assembly. It marks the sacrifices of journalists like Jagendra Singh, Rajdeo Ranjan, Tarun Mishra, and Gauri Lankesh in India. Globally, journalists like Guillermo Cano Isaza, Daniel Pearl, Marie Colvin, Daphne Caruana Galizia, James Wright Foley, and Anna Stepanovna Politkovskaya faced tragic ends while reporting.
Sanjaya Kumar Mishra to head GST Appellate Tribunal
With 31 benches in major cities across India, GSTAT is envisioned as a specialised body to handle disputes related to GST, providing a timely and efficient resolution mechanism
Time to get into FMCG; 3 top bets: Sanjiv Bhasin
Bharat In The World Economy Its Rise After A Thousand Years Of Decline
Bharats nominal GDP is set to hit USD 4 trillion in 2024-25. With Japans economy now valued at USD 4.1 trillion reflecting a sharply weaker JPY India is now tantalisingly close to becoming the worlds fourth-largest economy in dollar terms within a year. Germanys nominal GDP is valued at USD 4.6 trillion and Continue reading Bharat In The World Economy Its Rise After A Thousand Years Of Decline The post Bharat In The World Economy Its Rise After A Thousand Years Of Decline appeared first on OurVoice | WeRIndia - Analysis & Opinion .
'Once In A Lifetime Opportunity To...'
'We see mid-and small-caps as a real pot of gold.' 'From a 10-15 years perspective, mid-and small-cap are likely to outperform the larger index, as they have done in the past.'
What are the effects of credit counselling on your CIBIL score?
Credit counselling entails a number of sessions where you receive guidance on managing your finances, creating a budget, and developing strategies to repay debt. Putting this advice in practice can lead to better financial habits, which may eventually improve your credit score.
Balance transfer: How does it help improve your CIBIL score?
Balance transfer can be a useful tool to manage debt and improve your credit score. It should not be seen as a quick fix since improving your credit score takes time and regular financial management habits.
Bidens take on Indias economy is both bizarre and bothersome
On the campaign trail, the US President said xenophobia was responsible for stalling economic growth in India, China and Japan. His comment is puzzling, especially in India, which has the worlds fastest-growing major economy and prides itself on inclusivity.
'For smaller merchants, there should be a process that is digital and a minimum KYC journey should be allowed.'
Why did Karan Johar threaten to 'Disinherit' son Yash? Check viral video
Karan Johar's recent viral video, featuring a playful exchange with his children Yash and Roohi, sparked amusement and surprise among fans and celebrities. In the video, Karan jokingly asked about birthday gifts, receiving a loving response from Roohi but a cheeky retort from Yash, leading to Karan's playful declaration of disinheriting Yash. The video garnered social media attention, with comments from industry peers like Farah Khan and Vishal Dadlani.
5 game-changing trends in personal loans
Personal loans are becoming more attainable, user-friendly, and customized to suit individual requirements. Furthermore, in areas such as India, the utilization of data analytics for credit evaluation and a concentration on simplified loan solutions in rural sectors are burgeoning trends.
Can I get a personal loan to pay off student loans? MintGenie explains
Although using a personal loan to settle your student loans may seem feasible, many lenders might reject your application if they discover that the loan will be utilized for this specific purpose.
There will be two Fed rate cuts, in Sept & Q4: UBS
Co-operatives should look at export of 4 crops value-added at farm level, says storage expert
Potato, tomato, corn and groundnut can benefit from such initiatives, says Munishwar Vasudev
'Taarak Mehta' actor Gurucharan Singh's disappearance: New details emerge. Was it all planned?
Gurucharan Singh has been missing for nearly two weeks, with suspicions arising that he may have planned his own disappearance. The Delhi Police are actively investigating the case, which began on April 22 when Gurucharan was expected to fly from Delhi to Mumbai but never did. His phone was left in Delhi, complicating search efforts. Industry friends and colleagues express concern, and authorities are working to uncover the truth behind his absence.
Oil steadies, heads for weekly drop on U.S. economy worries
Brent crude futures for July rose 16 cents to $83.83 a barrel by 0008 GMT. U.S. West Texas Intermediate crude for June was up 19 cents to $79.14 per barrel.
PSBs plan to set up 'green cells' for climate funding
State-run banks to introduce 'green cells' for ESG risk assessment and green fund management under EASE 7.0. RBI emphasizes 2.5% GDP green financing. SBI chairman pushes for incentives and CRR relaxation in regulatory policies.
SRH beat Rajasthan Royals by just one run
Sunrisers Hyderabad snatched victory from the jaws of Rajasthan Royals on Thursday, winning by just one run. At the brink of defeat, SRH secured the victory on the very last ball, handing the table-toppers their second defeat in the tournament.The victory came on the last ball of the match, when Bhuvneshwar Kumar trapped Rovman Powell in front of the stumps, denying the Royals the one run needed to draw the match.Earlier, skipper Pat Cummins won the toss and opted to bat against Rajasthan Royals in their Indian Premier League (IPL) match at Hyderabad on Thursday.The Hyderabad team posted a formidable score of 201, thanks to Travis Head's 58, Nitish Kumar Reddy's unbeaten 76, and Heinrich Klaasen's unbeaten 42.The RR team got off to a bad start with Jos Buttler falling for a duck. Sanju Samson also couldn't open his account. However, opener Yashasvi Jaiswal's 67 off 40 balls and Riyan Parag's 77 off 49 balls brought the Royals very close to the target. Rovman Powell's 27 off 15 balls almost ensured another victory for the Royals.
Airbnb in India saw a 30% increase in bookings in 2023, emphasizing unique stays. Nathan Blecharczyk highlighted collaborations to boost local tourism, targeting millennials and Gen Z. The company reported $2.2 billion revenue in Q4 2023.
What does new remittance, export data mean for economy?
The fall in exports in April led to a slowdown in overall exports, which hit 3.93 percent in the ten months since July, the first month of the current fiscal year, compared to 4.39 percent in the July-March period of the same fiscal.
Real estate loans almost triple the pace in FY23
Bank loans to commercial real estate, including residential construction, nearly tripled last fiscal year at 23 percent, amounting to Rs 3.97 lakh crore. If the impact of the merger of HDFC with HDFC Bank is included, the loan growth increases to 38.9 percent, with outstanding loans reaching Rs 4.48 lakh crore as of March 31. Property analysts note growth across segments, with the top seven property markets witnessing total sales of 74,486 apartments in the quarter, following a record-breaking quarter in December.
Rising temperatures affecting demand for pulses, says trade
Barring tur, prices of others have stabilised or declined
Renewable sources make up 71% of new power capacity addition in FY24
Solar remained the dominant source of renewable energy capacity additions, contributing 15 GW
ADOR CEO Min Hee-Jin planning to dissolve K-Pop girl group New Jeans following spat with HYBE?
This development follows a significant rift between Min Heejin and HYBE, sparked by rumors circulating online suggesting her attempts to gain control of ADOR. ADOR, a subsidiary of the K-Pop powerhouse HYBE, subsequently initiated an audit of ADOR to ensure accountability on Heejin's part.
Rice procurement tops 47 million tonnes, down 6% from a year ago
Chhattisgarhs higher procurement than the States production partly offsets shortfall in AP, Telangana, Odisha, UP and M.P.
Mumbai Project By Aditya Birla Groups Real Estate Arm Secures Rs 5,400 Crore Sales
Birla Estates is a fully owned subsidiary of Century Textiles and Industries and the real estate venture of the diversified conglomerate.
Cognizant March quarter net down 5.8% to $546 mn
Nasdaq-listed IT services company Cognizant has reported a 5.8 per cent year-on-year decline in consolidated net profit for the March quarter to $546 million. The company in a release said its revenue guidance for the full year 2024 is unchanged in the band of 2 per cent decline to a 2 per cent growth in constant currency.
ChatGPT advises investors with high risk appetite to invest in cryptos. Should you take the plunge?
Open AI-founded chatbot tells investors with a high risk appetite to opt for cryptos since the market is highly speculative and volatile. The popular options are bitcoin, Ethereum and other altcoins.
Interest on CCI penalties begins from demand notice date, rules Delhi HC
Delhi High Courts clarity on interest calculation alters CCI penalty dynamics
90% of major Indian reservoirs less than half full, says CWC data
Water level drops for the 30th week in a row; storage in South India slips to 16% of capacity
OECD forecasts will be blow to Sunaks claims UK economy is improving
UKs growth will be least in G7 by 2025, OECD expects, as low business investment and multiple pressures bear down UK will be worst performer in G7 next year, OECD forecasts A lack of skilled workers in the country is pushing up UK wages. The dearth of affordable housing has seen landlords put up rent by an average of 9% in a single year, weighing on inflation. New costs and controls at the border after Brexit are creating headaches for exporting companies. This cocktail of pressures on the UK economy has prompted analysts from the Organisation for Economic Co-operation and Development (OECD) to undercut the UKs own national forecasts for growth. By 2025, the Paris-based thinktank says, UK growth will be below that of any advanced economy in the G7. Continue reading...
GST meet to discuss fake registrations
Central and state GST officers will meet on Friday under the chairmanship of Revenue Secretary Sanjay Malhotra and are likely to discuss various issues like stricter registration norms to deter fake companies set up to evade taxes, sources said. The meeting comes within days of GST collections scaling a record high of Rs 2.10 lakh crore in April on the back of strong economic momentum, increased domestic transactions and tighter audit and scrutiny. The third National Co-ordination Meeting of senior officers of Central and State Tax administrations would, among other things, discuss further tightening of registration under Goods and Services Tax (GST) to curb fake companies, set up only to claim an input tax credit (ITC). The meeting is also scheduled to discuss ways to reach out to the mastermind of GST fraud by following the money trail, sources added. To identify risky taxpayers suspected of passing or availing fake ITC, tax officers are using data analytics and artificial intelligence tools. Besides, robust checks in the form of physical verification of premises and Aadhar authentication are in place for GST registration. This has enabled early detection of fraudulent registrations and curbed them to a great extent. In Gujarat, Andhra Pradesh and Puducherry, a pilot on risk-based biometric-based Aadhaar authentication is being carried out for registration of applications. As per the government data, between April and December 2023, about 14,600 cases of GST evasion have been registered by central tax officers. Maximum number of such frauds was registered in Maharashtra (2,716), followed by Gujarat (2,589), Haryana (1,123) and West Bengal (1,098). Besides, GST intelligence officers have detected fake ITC cases worth Rs 18,000 crore in April-December 2023 and arrested 98 fraudsters/ masterminds. The first National Coordination Meeting of State and Central GST officers was held on April 24, 2023. The issue of fake/ bogus registration under GST was discussed, and it was decided to launch a special pan-India drive to identify fake GSTINs. The second meeting was held on December 14, 2023, in which best practices adopted by various states to curb evasion were shared, besides deliberation on other issues.
Two-wheeler makers report double digit growth in April sales
Two-wheelers have performed better compared with passenger vehicles which posted low single digit growth during the month
India, New Zealand to focus on collaboration in pharma, agriculture, food processing
In a series of bilateral meetings in New Zealand on April 26-27, the two countries sought to collaborate in area of pharmaceuticals and medical devices sector
US trade deficit narrows slightly in March
The U.S. trade deficit narrowed slightly in March as a decline in imports was tempered somewhat by a plunge in exports. The trade deficit contracted 0.1% to $69.4 billion, the Commerce Department's Bureau of Economic Analysis said on Thursday. Data for February was revised to show the trade gap widening to $69.5 billion instead of $68.9 billion as previously reported. Economists polled by Reuters had forecast the deficit climbing to $69.1 billion in March. Trade, through a surge in imports, was a large drag on gross domestic product in the first quarter. The economy grew at a 1.6% annualized rate last quarter after expanding at a 3.4% pace in the October-December period. Imports dropped 1.6% in March to $327.0 billion. Goods imports fell 1.6% to $263.8 billion. There were decreases in imports of motor vehicles and parts as well as industrial supplies and materials, which include crude oil. But imports of consumer goods increased $3.0 billion, boosted by pharmaceutical preparations. Capital goods imports were the highest on record. Services imports fell $1.1 billion to $63.2 billion, pulled down by transport and travel. Exports tumbled 2.0% to $257.6 billion. Goods exports plummeted 2.9% to $171.3 billion. There were decreases in exports of capital goods, industrial supplies and materials, and foods, feeds and beverages. Exports of services fell $0.2 billion to $86.4 billion.
Nearly 6 lakh ITRs filed in April, two-thirds of verified returns processed
Early filing helps taxpayers get early refunds, besides giving them more time to revise or correct returns without any penalty, point out experts
This election is for Modi's mission, not ambition, says PM; dares Cong to restore Article 370
Modi emphasizes mission over ambition in Lok Sabha elections. Challenges Congress on Article 370, CAA, and triple talaq. Criticizes Congress for partition mentality and island gifting. Highlights development plans for India's islands.
Top tech & startup stories of the day
Police clear UCLA protest encampment in campus unrest over Gaza
Police cleared protest encampments on US campuses amid clashes over Israel's conflict with Hamas. Balancing protest rights with violence complaints, authorities made arrests and faced unrest, highlighting the ongoing tensions.
No competition one of the reasons for low voter turnout in first two phases: Amit Shah
Union Home Minister Amit Shah attributed the low voter turnout in the first two phases of Lok Sabha elections to outdated electoral rolls and lack of competition. He mentioned that the electoral rolls had been revised after twelve years, and the absence of strong opposition affected voter enthusiasm. Despite this, Shah expressed confidence in the NDA's ability to secure over 400 seats in the upcoming elections, citing a detailed analysis by his party's team.
India and New Zealand hold Joint Trade Committee meeting to strengthen their trade relations.
According to the release, the services sector emerged as a focal point during the discussions.
Hold a joint mutual fund account? Sebi makes the nomination process voluntary. Details here
Exactly two months before the expiry of the deadline for nominating a nominee for mutual fund folios, Sebi made the process optional for investors who hold accounts in joint mutual fund folios
FSSAI to launch quality check of several food items
How life insurance policies still take advantage of tax loopholes
Whatever premium-payout combination one designs, the point remains that the IRR in traditional life insurance plans tends to be poor.
Licious eyes IPO in 24 months, 500 stores in 5 years
The fresh meat and seafood delivery startup Licious plans to set up 500 stores nationwide within the next five years as part of an omnichannel strategy. The aim is to attract new users in the offline channel and encourage them to transact online as well. The move would also help the company in its efforts to achieve profitability and go for an initial public offering (IPO) in the next 24 months, according to the sources.
Competition from Chinese exports have seriously dented Indian exports in UAE and Vietnam
Janhvi Kapoor Chennai home on Airbnb: Location, price, pics, features, food
Janhvi Kapoor airbnb home: Bollywood actor Janhvi Kapoor, daughter of later superstar Sridevi, has opened up her family vacation home in Chennai for guests on Airbnb.
AI-designed 'Turtle' soup unveiled by NotCo to highlight endangered species awareness
Chilean plant-based food company NotCo has developed a urtle soup using artificial intelligence, mimicking the taste of traditional turtle soup without using any turtle meat. This innovative creation aims to raise awareness about the endangered status of turtles. NotCo's AI analyzed numerous plant proteins to replicate the texture and flavor of turtle meat.
UPI transaction volume declined to 19.64 lakh crore in April. Check Details
In terms of number of transactions, the figure declined to 13.30 billion in April from 13.44 billion in the preceding month
What campus protesters get wrong about divestment
Will withdrawing money hurt Israel?
Hedge funds make billions as Indias options market goes ballistic
The countrys retail investors are doing less well
Russias gas business will never recover from the war in Ukraine
Hopes of a Chinese rescue look increasingly vain
EU announces $1 bn in aid for Lebanon to shore up economy, border security
EU chief Ursula von der Leyen announced $1 billion in aid for Lebanon during a visit, aiming to boost the country's socio-economic stability amid a severe economic crisis. The aid will support basic services like education and health. Von der Leyen also urged Lebanon to tackle illegal migration, emphasizing the EU's commitment to legal pathways to Europe while seeking Lebanon's cooperation in preventing illegal migration and combating smuggling. Lebanon hosts around two million Syrian refugees, facing challenges exacerbated by its economic collapse and political turmoil.
Federal Bank CEO search in final stages, discloses MD Shyam Srinivasan
Federal Bank plans to present a roster of potential candidates for the managing director role to the RBI soon, though their identities remain confidential. Shyam Srinivasan, the managing director, confirmed the advanced stage of the selection process.
One-time Narendra Modi fan, comedian Shyam Rangeela to contest against PM from Varanasi
Originally named Shyam Sunder, he embraced the moniker Rangeela (which means colorful) early in his career. He gained prominence for his impersonations of various personalities, including PM Narendra Modi and Rahul Gandhi, on the comedy competition show 'The Great Indian Laughter Challenge' in 2017. His exceptional performance earned him a standing ovation from superstar Akshay Kumar, who was a guest on the show.
Biden Says Xenophobia Stalling China, Japan & India's Economy, Credits Immigrants For US Growth
US President Joe Biden accused China, India, Japan and Russia of xenophobia and blamed it for their stalling economy. He also argued that migration has been good for the growth of Americas economy. One of the reasons why our economy's growing is because of you and many others. Why? Because we welcome immigrants, Biden said. The International Monetary Fund forecast in April that some countries would see its growth decelerate in 2024 from the year prior. Biden has condemned the anti-immigrant rhetoric of his Republican opponent Donald Trump.
The evolution of bond investment in India: Sachetization and its implications
In its meeting on 30 April, the board of Sebi approved the proposal to reduce the minimum ticket size for privately placed listed bonds to only Rs10,000 from Rs1 lakh earlier. Let us understand why it was done and what implications this has for investors, bond market, and issuers.
Are MF Stress Tests Of Any Use?
These are usually found among small and midcaps. It is not easy to find such stocks, especially after a strong bull market, discovers Debashis Basu.
Ongoing Lok Sabha election are witnessing a lower turnout, concerning Prime Minister Narendra Modi's campaign strategists. Analysts speculate if this trend might dent BJP's predicted landslide victory, prompting Modi to pivot his campaign towards energizing Hindu voters. Despite expectations, initial phases show dampened momentum, attributed to worker apathy and anti-incumbency sentiments.
This election is for ending of terrorism, naxalism and making India 3rd major economy: Shah.
This election is for ending of terrorism, naxalism and making India 3rd major economy: Shah. This election is for ending of terrorism, naxalism and making India 3rd major economy: Shah.
We have emerged as a large, growing real estate company working in three cities: Arvind Management
We work with about 100,000 farmers to grow sustainable cotton. We are rapidly decarbonizing our energy footprint. So, a lot of renewables, we are replacing fossil fuels for thermal energy using agro waste, so sustainability is a very, very strong theme. So, I think these are the couple of big themes right now -- consolidation, more verticality, and a huge focus on sustainability.
Adi-Nadir family's open offer for Astec
The Adi/Nadir Godrej family, along with other family members/trusts, has made an open offer to the shareholders of Astec Lifesciences to acquire an additional 26 per cent stake from the public as part of the family settlement agreement (FSA), according to an announcement to the stock exchanges on Wednesday. The offer, made at the price of Rs 1,069.75 per share, was triggered by the Adi/Nadir family's plan to acquire a 20.84 per cent stake in Godrej Industries (GIL) from the Jamshyd Godrej/Smita Crishna Godrej family, according to the FSA announced on Tuesday.
Exclusive: DaMENSCH raises fresh capital from existing investors at flat valuation
D2C mens lifestyle brand DaMENSCH has raised Rs 21.62 crore (approximately $2.5 million) in its extended Series B round from existing investors. The fresh investment, which came after a gap of two years, appears to be a bridge round for the Bengaluru-based company. The board at DaMENSCH has passed a special resolution to issue 1,017 Continue reading Exclusive: DaMENSCH raises fresh capital from existing investors at flat valuation The post Exclusive: DaMENSCH raises fresh capital from existing investors at flat valuation appeared first on Entrackr .
