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CABIA President Tom Manzo joined ‘Fox & Friends’ to discuss how the minimum wage increase has impacted the fast-food industry as thousands are forced out of work. 

«My only fear is that even if the client spend higher on IT budgets, but if that translates into higher insourcing budget or it translates to higher spending on the hyperscalers, then orders may not come to Indian IT services,» says Sumit Pokharna, VP Analyst, Kotak Securities. The underperformance in the IT pack has already played for a while right now while the rest of the market has been booming and we are sitting at all-time high pretty much across the board, barring of course a few stocks here and there. If you were to do a SWOT analysis of the IT sector right now, will you think that what is going to weigh heavy right now are the weaknesses and not the strengths in favour of IT? TCV has been very strong and that is a very positive side. But if you look at the earnings or the revenue side of it, that is not converting into revenue. Why is it so? Because there are some slippages or there are some postponement of existing order book.

artificial intelligence (AI) world and we are all living in it. The growing might of advanced AI technologies, with the advent of ChatGPT and many other language models, has touched the financial world in many ways than one had imagined. A recent paper published by three scholars from the University of Chicago school of business found that large language models can analyse financial statements of companies and forecast earnings potential, which were said to be more accurate than analysts' estimates. The report was first published in The Financial Times.

equity mutual funds gave more than 15% CAGR in the last five, seven, and 10 years based on daily rolling returns, an analysis of performance by ETMutualFunds showed. Around 150 equity mutual funds completed 10 years of existence in the market. These nine equity mutual funds were from small cap, mid cap, large & mid cap, and flexi cap categories. There were around four small cap funds, three mid cap, one large & mid cap and flexi cap funds in the list of equity mutual funds that gave over 15% in all the three horizons.

6.7%: This is the average growth rate the World Bank has projected for the Indian economy from 2024 to 2026, making it the world’s fastest growing economy. In its latest Global Economic Prospects report, the World Bank projected growth rates of 6.6% for FY25, 6.7% for FY26 and 6.8% for FY27. In comparison, world growth is expected to be 2.6% in 2024 and 2.7% in 2025 and 2026.

A recent study by the Employee Benefit Research Institute, published right after Asian American and Pacific Islander Heritage Month in May, sheds fresh insight into the financial position of the AAPI community in the US.

Rolling out an automatic tax filing system would mean Canadians receive more than a billion dollars each year in currently unclaimed benefits from not filing their tax returns, according to the federal fiscal watchdog.

IT sector, according to a report released on Thursday. The highest share of job postings for freshers was witnessed by the IT and staffing industry with over 32 per cent and 12 per cent share of jobs, respectively, dedicated to entry-level professionals, foundit (formerly Monster APAC & ME) report on fresher hiring trends. Additionally, it revealed that the demand for freshers has increased 5 per cent over the last six months. The report is based on an analysis of data on foundit platform from May 2023 to May 2024.

Indian stock markets regained their composure after a period of volatility, with a significant rise in the share of stocks that traded in positive territory. This came after a whirlwind of emotions that gripped investors in the lead-up to and the aftermath of the election results last week. “The Indian stock market has shown strong resilience after the recent election results," said Kranthi Bathini, director of equity strategy at Wealth Mills Securities.

Indian stock market: On Thursday, June 13, the Sensex and Nifty 50, India's leading stock market indices, reached new all-time highs during the session. This surge was driven by robust macroeconomic indicators, fostering optimism regarding India's economic growth prospects in the medium to long term.In the trading session, the Sensex reached a new all-time high of 77,145.46, and the Nifty 50 achieved a new peak of 23,481.05.Also read: What does Fed's indication of single rate cut mean for Indian IT stocks?By the end of the day, the Sensex concluded at 76,810.90, marking an increase of 204 points, or 0.27%.

Union Budget 2024-25 has commenced after Finance Minister Nirmala Sitharaman directed the officials to initiate the process, emphasizing the need for meticulous planning and comprehensive analysis. The Union Budget is likely to be tabled in Parliament by the third week of July. Sitharaman who had retained Finance Ministry will be presenting her sixth budget by mid-July. After taking charge, the Finance Minister announced that the Modi govt intends to move on the reforms path to boost macroeconomic stability and growth. The Budget will also incorporate elements of the 100-day plan that PM Narendra Modi had asked his team of officers to prepare. The idea is to use the inputs and then set the agenda for the next 12 months as also for 2030 and 2047, when govt expects India to be a developed country.

ICICI Securitiesin its latest note has upgraded its rating for both Sun TV Network and Zee Entertainment Enterprises from 'Add' to 'Buy' and also raised their target prices. The brokerage cites the expectation that these companies will benefit in the medium term as FMCG companies increase their ad spending.The brokerage has lifted the target price on ZEE to ₹195 apiece from an earlier price of ₹155 as it believes the stock should re-rate given the potential tailwinds for TV broadcasters.Also Read: Prediction: These could be the best-performing value stocks through 2030For SUN TV, the brokerage revised the target price higher to ₹1,000 per share from ₹758, anticipating significant growth in ad revenue.

July 31, 2024, is the deadline for submitting Income Tax Returns (ITRs) for the Assessment Year (AY) 2024–2025. Before submitting their ITRs, salaried employees wait to receive Form 16 from their employers. Pay information, Tax Deducted at Source (TDS) that the employer has deposited, and other data needed to correctly file the ITR are all included in Form 16.

Bitcoin (BTC/USD) is currently trading at $69,615, with analysts closely watching the upcoming release of the US Core Inflation Rate. This economic indicator is pivotal for shaping market expectations and could significantly influence Bitcoin’s trajectory.

Indian stock market movements with international geopolitical developments, shifts in the US economy, and fluctuations in commodity prices such as oil and gold. This global perspective is crucial for predicting market trends and preparing for potential impacts.

Prime Minister Narendra Modi have declared criminal cases against themselves, analysis by election watchdog Association for Democratic Reforms (ADR). Nineteen minister have declared serious criminal cases including cases related to attempt to murder, kidnapping, crimes against women, the ADR analysis said.Follow Live Updates on Modi 3.0 Cabinet HereTwo minister in the Modi 3.0 have declared cases related to attempt to murder against themselves, ADR said.

Reasons to buyReasons to avoidWhat are buyers saying on Amazon?Customers appreciate the quality and health features, praising its ease of use, appearance, and tracking. However, some report short battery life and lengthy charging times, and opinions vary on value and performance.Why choose this product?Advanced health tracking, LTE connectivity, stylish design, and robust performance.

Mint analysis of individual-level data sourced from ADR, which compiles the information from each candidate’s nomination affidavit in every election. A state-wise analysis further revealed that the new MPs facing criminal cases belong only to 22 of the 36 states and Union territories: there are none from the other 14 (which includes the seven north-eastern states and Uttarakhand among major states). Eleven states witnessed an increase in the number of such Lok Sabha members, while seven saw a decrease.

Mint's analysis shows the share of young workers in TCS's workforce has fallen from 59% in FY22 to 50.3% in FY24. For Infosys, that's a drop from 60% to 55% over the same period.

Drinking alcohol could worsen one's symptoms of bipolar disorder by destabilising mood and affecting efficiency at work, and it is not the other way round that is consuming alcohol because of mood swings, a new research has found. The mental condition is marked by unusual shifts in emotions, energy and activity levels, and can sometimes be accompanied by hallucinations and delusions.

The Kerala Story may not have had any takers in the southern state but the agenda wrapped in it could gradually resonate with its so-far bipolar electorate, Lok Sabha Election Results 2024 reveal.And that may not be a once-in-a-blue-moon bloom, as the top political fronts–the ruling CPM-led Left Democratic Front and the Opposition Congress-led United Democratic Front—would like to believe.If you dig deep into the poll data, A-Plus seats, where the BJP-led NDA considers the probability of its candidate emerging victorious, have mounted to 20. Of the 140 assembly segments, the NDA led in 11 seats and came second in nine LS constituencies of Thiruvananthapuram, Attingal, Alappuzha, Palakkad and Kasaragod.