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Also read | Step-by-step: Setting up trusts for specially-abled children He began to seriously consider financial planning after the covid-19 outbreak, when many doctors with private practices suddenly found themselves without income due to clinic closures. “We never imagined doctors could face such a situation. I realised it was time to plan our finances systematically, so I approached Suresh Sadagopan and his team at Ladder7 Wealth Planners," Das recalls.

Amazon built a $2 trillion company through years of aggressive spending on its retail and logistics businesses. Its future gains will likely be determined by the billions designated to fund its artificial-intelligence push. Amazon is planning to spend more than $100 billion over the next decade on data centers, an impressive level of investment even for a company known for its spending ways.

The artificial intelligence (AI) hype that made Nvidia the world’s biggest company has come with a price for the world’s climate. Data centres housing its powerful chips are gorging power and belching carbon dioxide, and sobering figures now reveal the extent of the problem. Data centres will use 8% of US power by 2030, for example, compared with 3% in 2022, according to a recent report from Goldman Sachs Group, as their energy demand grows by 160%.

₹2.4 billion ($29 million) at the box office, making it the highest-grossing Malayalam movie ever and the third-most successful film in India in 2024 so far. Unlike other national hits, the film’s cast is relatively unknown and its plot is unusual (the survival thriller, based on a true story, follows a group of boys trying to rescue their friend who is trapped in a cave). In its simplicity and parsimony—it cost ₹200 million to make—“Manjummel Boys" stands in stark contrast to “Fighter", Bollywood’s biggest hit of the year to date.

growth strategy and gives the Czech firm a competitive advantage for its international expansion plans. The company’s development and manufacturing base in Pune is a springboard into Asean and Middle East.

Sircilla in Telangana has brought to the fore the alleged lack of work and adequate income in this textile hub, with the issue leading to a war of words between the opposition BRS and the Congress. Kudikyala Nagaraju recently died by suicide as he was unable to repay his debts and this came as a reminder of the tragedy of weavers ending their lives in the past.

Inflation cooled in the US as well as several European countries in recent readings, offering encouraging signs that central banks in the regions can lower interest rates.

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Non-resident Indians (NRIs) are increasingly depositing money in the Indian banking system. Currently, NRI deposits account for 6.2% of total deposits in Indian banks. Over the last decade, total bank deposits climbed by 10.2%, while NRI deposits increased by 7.2%.

National Insurance Awareness Day is being observed today on June 28. On this occasion, it is pertinent to recognise the importance of having health insurance. The COVID-19 pandemic has demonstrated why health insurance is important for everyone. The pandemic, to some extent, raised awareness among people about health insurance as they previously tended to ignore it. In a country like India, health insurance is often neglected because it doesn’t provide immediate benefits unless people fall sick.

₹5,500 crores through an initial public offering, Mint reported earlier this month. The company is seeking a valuation of about $7 billion. Ola Electric has surged past the 40% market share milestone in electric two-wheeler sales, fuelled by substantial discounts and a broad selection of competitively priced e-scooters across price ranges.

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WestJet says it’s cancelled at least 150 flights beginning Saturday after the union maintaining the airline’s planes announced it went on strike hours earlier.The Aircraft Mechanics Fraternal Association (AMFA) announced its members started to strike around 5:30 p.m. MDT Friday because the airline’s “unwillingness to negotiate with the union made the strike inevitable.”The move came after the federal government issued a ministerial order for binding arbitration on Thursday.The order also followed two weeks of turbulent discussions with the union on a new deal.Calgary-based WestJet has lambasted the move by the mechanics union, saying it’s “extremely outraged at these actions and will hold AMFA 100 per cent accountable for the unnecessary stress and costs incurred as a result.”On Thursday, WestJet said that AMFA “confirmed they will abide by the direction.

Barry Eugene "Butch" Wilmore and Sunita Williams, to allow more time for review of technical issues encountered.It did not set a new date, raising questions about the timing of the return of the two astronauts on Boeing's first crewed mission, which had initially been set for June 26, itself a pushback from the first potential date of June 14.Commenting on what is likely to follow, ISRO Scientist Mylswamy Annadurai says, "Any space program, when transiting, it needs to be seen that all the systems for the next save are ready. While launching also, it was seen, that there were a couple of delays.

Nifty ended Friday’s session in red at 24,010. Since Tuesday’s session, the prices made new peaks each day, the all-time high of the index currently being 24,174. Nifty is sustaining nearly 300 points above its 10 day exponential moving average while Bank Nifty is trading close to 550 points above the same on daily charts.

Swiss food giant Nestle is targeting stable growth in sales volumes from the second quarter throughout the remainder of the year as cost inflation eases, its CEO told Swiss weekend paper «Schweiz am Wochenende» on Saturday. «From the second quarter and for the rest of the year, we can expect a stable, positive contribution to growth from volume and product mix,» Markus Schneider was quoted as saying by the newspaper.

expense ratio represents the total cost of investment to the investors who actually invests in a mutual fund. This denotes the percentage that an investor pays to the fund house as a fee to manage your investments. In other words, it is the per-unit cost of running and managing the mutual fund. The expense ratio differs from fund house to fund house. The expense ratio is calculated as a percentage of daily investment value. Expense ratio has three different components which includes fund manager’s fee, audit fee, marketing/distribution fee.

Graphic detail page.THE GLOBAL cost-of-living crisis that began in 2022 is now so much part of daily life that it is entering the vernacular. “Cozzie livs", British slang for the crisis, was recently named Australia’s word of the year by the Macquarie Dictionary. The latest Worldwide Cost of Living survey by EIU, our sister company, confirms that inflation remains high worldwide: the prices of 200 products and services that it tracks rose by an average of 7.4% over the past year.

Black Mirror Cafe in East Delhi's Vikas Marg area to celebrate her birthday, a TOI report stated.

ARPU), telecom giants Reliance Jio and Airtel are gearing up to implement substantial tariff hikes effective July 3, 2024. This decision will impact millions of subscribers across India, prompting users to consider their options to mitigate the upcoming price adjustments.

Finance Minister Nirmala Sitharaman will present the complete budget for the fiscal year 2025 in July. As usual, taxpayers have an extensive list of desired items for the finance minister. Senior citizens make up a significant portion of the tax-paying demographic in India since they also earn income, often in passive ways. Nevertheless, with the rising cost of living, senior citizens might feel that the existing income tax benefits need to be increased. Three experts tell ET Wealth Online what senior citizens want from the upcoming Union Budget 2024. Also read: Section 80C deduction in Budget 2024: Will the government increase Section 80C limit under the old income tax regime in Budget?