Deloitte Financial News

16.10 / 11:17
markets UPS Digital Deloitte President Schools Mahayuti govt presided over 'wholesale surrender' of Maharashtra's interests: Congress
Mahayuti government of presiding over the «wholesale surrender» of Maharashtra's interests and claimed that Prime Minister Narendra Modi has decided that the state does not deserve new projects or central support. Congress general secretary-in-charge communications Jairam Ramesh said soon enough, the people of Maharashtra will take their revenge on those who have betrayed the state. «The Mahayuti government bears the dubious distinction of having presided over the wholesale surrender of Maharashtra's interests,» Ramesh said in a post on X. The Congress and the Maha Vikas Aghadi (MVA) do not believe in playing favourites — «we believe in the equitable development of the entire country».
16.10 / 09:45
markets security Election Deloitte PAM reports What factor will swing Maharashtra verdict - crop, caste or cash? Poll drama turns more and more intense
This election could determine the fate of political parties like Shiv Sena and the Nationalist Congress Party (NCP), the Times of India newspaper wrote on October 16. The Congress, which ranked fourth in the last assembly election, hopes to build on its parliamentary resurgence. For the BJP, a win is vital after a disappointing performance in the Lok Sabha (LS) elections, where it secured only nine seats in Maharashtra, the report (by Priyanka Kakodkar) said. The ruling Mahayuti alliance has introduced several welfare schemes to win voters, including a Rs 1,500 monthly stipend for underprivileged women under the Mukhya Mantri Majhi Ladki Bahin Yojana. This initiative, costing Rs 46,000 crore annually, aims to mimic the success of similar schemes in other states.
16.10 / 09:45
markets Election Deloitte Caseys reports Tired of Trudeau: Why Canadians are not willing to trust their PM
Justin Trudeau is finding it hard to convince Canadians about India's alleged link to the killing of Khalistani terrorist Hardeep Singh Nijjar, a Canadian citizen, in Canada last year. His latest move to brand Indian High Commissioner to Canada as a «person of interest» in the Nijjar probe comes with the same vague allegations he made against India last year. "...we started to understand through intelligence agencies that India was possibly if not probably, behind Nijjar's killing...," Trudeau said on Monday, while accusing the Indian government of supporting criminal activities in Canada. «Possibly if not probably» is same as the claim of «credible allegations» Trudeau made last year. Besides his vague allegations against India as he tries to pander to his Khalistani Sikh votes before an impending election, Trudeau has another problem: in the nine years as the Canadian PM, he has lost credibility and is widely expected to lose the next election. His desperation to throw India-Canada ties under the bus to retain support of his Khalistani vote bank seems all the more clumsy when he has landed in a political quicksand and thinks he can distract Canadians' attention from his own multi-crisis which include a coup brewing in his own caucus and corruption allegations. Also Read: US, UK push ahead with Modi despite bombshell Trudeau claims
16.10 / 07:29
markets Digital Deloitte RAI reports Schools NPS: A 35-year old can get Rs 2 lakh as monthly pension by investing Rs 21,000 a month now; how much should you invest in NPS?
The National Pension System (NPS) has emerged as one of the most popular investment vehicles for retirement planning. It offers you the option to invest in different types of asset classes — equity, corporate debt, government bonds and alternative investment funds. Regular investment and a little bit of planning can generate as much as Rs 2 lakh a month from NPS when you retire. Let's get one thing straight at the beginning: The pension you earn from NPS after retirement will depend on how much corpus you can accumulate. Before you start investing, you need to know the withdrawal rules of NPS. At present, an NPS subscriber cannot withdraw the entire accumulated corpus on maturity. You have to invest at least 40% of the total NPS corpus in an annuity plan from a life insurance company. The annuity amount will get a regular pension after retirement. The remaining 60% can be withdrawn as a lump sum.
16.10 / 06:27
markets COST Digital Gap Deloitte Experts PAM Kotak Mahindra Bank’s aim to be 3rd largest private lender exposes it to significant M&A risk: Bernstein
Uday Kotak backed Kotak Mahindra Bank’s ambition to be India’s third largest private sector lender could expose it to significant M&A risk given the integration challenges and the weaker RoA of smaller banks, Bernstein Research a part of the Société Générale group has said. The brokerage house also said that given the high growth outperformance ask, inorganic growth would almost be inevitable for Kotak Mahindra to achieve its ‘Top 3’ objective. To emerge as the third most profitable private sector bank, Kotak will need an organic earnings growth which is 7% percentage points higher than Axis which looks unlikely, it said. In a recent interview with The Economic Times, Kotak Mahindra Bank CEO Ashok Vaswani had said that he aspires that the bank would become the third largest private sector bank by profits by 2030.
16.10 / 04:51
markets Digital Williams Strategy Deloitte Celebrity patient World Anaesthesia Day 2024: As we celebrate the day, know history, theme, significance and more
World Anaesthesia Day is celebrated annually on October 16 to mark the significance of plays in modern medical care. It also serves as a reminder to recognise the work of anesthesiologists, who are essential for hassle-free surgeries. This day not only acknowledges their vital role but also credits them for promoting advancements in anaesthesia practice. Diethyl ether anaesthesia was successfully demonstrated for the first time in history in 1846.
16.10 / 01:43
markets UPS Target Deloitte Universities reports Deepening Canada-India standoff seen as a short-term boost for Modi, Trudeau
Canada kicked out six Indian diplomats on Monday, linking them to the murder of a Sikh separatist leader and alleging a broader effort to target Indian dissidents in Canada. India retaliated by telling six Canadian diplomats to leave. Although the tit-for-tat move sent bilateral relations skidding to a new low, Narendra Modi and Justin Trudeau are unlikely to mind too much. Both leaders are in their third terms and face political challenges.
16.10 / 00:37
markets Citi Digital Strategy Deloitte RAI State ports plan a sea change in capacity, submit Rs 2 lakh cr expansion proposals to Centre
These 'non-major' ports will supplement India's plans to increase total handling capacity by four times to 10,000 million tonnes per annum (mtpa) by 2047. Gujarat aims to develop integrated port cities with an estimated investment of Rs 1.5 lakh crore, said the people cited above. Andhra Pradesh envisages an investment of Rs 50,000 crore in the ports sector till 2050.
15.10 / 23:29
markets Election Deloitte President PAM social reports US election 2024: Did Kamala Harris really use teleprompter? Here's bitter truth
Kamala Harris used a teleprompter during the event which resulted in criticism from former US President Donald Trump and other eminent conservative leaders suggesting that Kamala Harris was reading from scripted responses, reported USA Today. Enrique Acevedo, Univision’s moderator, following such alleged criticisms later clarified that teleprompter was solely being used for his opening statement while it later displayed a timer during Kamala Harris’s responses. According to USA Today, Enrique Acevedo confirmed through a post on social media that any claims of US Vice President Kamala Harris using the teleprompter during the event were totally False. Enrique Acevedo also added that the teleprompter showed text in Spanish primarily and it was not at all intended for her assistance while it got switched to a timer as Kamala Harris started engaging with questions from the audience. Also Read: Anatomy of Lies: How former Grey’s Anatomy writer Elisabeth Finch allegedly faked cancer and personal life
15.10 / 23:29
markets Fox Strategy Deloitte reports isolate Schools October Full Moon 2024: Date, time for Hunter's Moon, super Moon
October Full Moon which is precisely known as the Hunter’s Moon is scheduled to take place on Thursday which is on October 17 at around 07:26 am EDT, reported Fox Weather. During the current year, it qualifies as a Supermoon because it coincides with Perigee which is the Moon’s closest approach to Earth. According to Fox Weather, the Moon will be actually below the horizon when it will be reaching the full phase while it will be appearing full from Tuesday evening until Friday morning. According to Gordon Johnston of NASA this Hunter’s Moon is the third of the four consecutive Supermoons taking place in the year 2024. Also Read: Justin Bieber loses confidence in his close friends, isolates himself; here's why
15.10 / 19:35
markets Digital Strategy Mobile Deloitte PAM Department Communications Minister Scindia interacts with Rocky, Ericsson's 5G-powered robotic dog at India Mobile Congress
Jyotiraditya Scindia on Tuesday visited Ericsson's booth at the ongoing India Mobile Congress, and shared a post on X about Rocky, the company's 5G-powered robotic dog that assists authorities with efficient emergency response. By sending alerts in time, the robotic dog can help authorities deal with emergency situations like fire outbreaks. «Meet my new friend Rocky, Ericsson's 5G-powered robotic dog that assists with efficient emergency response. By sending alerts in time, it can help authorities deal with emergency situations like fire outbreaks,» Scindia said in a post on X (formerly Twitter). Scindia was given a demonstration of the 5G-powered robotic dog, as officials at Ericsson booth explained its functionality. The Minister then patted Rocky, after the demonstration.
15.10 / 19:27
markets Digital Strategy Election Deloitte Experts PAM CEC says special care taken in scheduling elections for Maharashtra and Jharkhand
Election Commission of India announced on Tuesday. All 288 assembly seats in Maharashtra will vote in a single phase like in 2019. The western part of Jharkhand (81 seats) will go to polls on November 13 while other areas will vote in the second phase on November 20. Jharkhand had seen a 5-phase polling in 2019. Alongside, bypolls will be held in 48 assembly constituencies and two parliamentary seats.
15.10 / 19:27
markets Digital Deloitte Experts PAM reports One Piece Chapter 1130: All about release date, time, where to read and spoilers
One Piece Chapter 1130 will be released on October 20, 2024. The chapter is titled Cursed Prince.
15.10 / 19:27
markets Strategy Election Deloitte President PAM BJP central panel meets to decide names for Jharkhand
BJP's central election committee held a meeting on Tuesday where it discussed potential candidates for about 60 seats in Jharkhand, starting with 28 seats reserved for Scheduled Tribes, according to people familiar with the matter. Apart from Prime Minister Narendra Modi, Union home minister Amit Shah, BJP president JP Nadda and other committee members, senior party leaders from Jharkhand were also present during the meeting, they said. BJP is focusing on seats reserved for STs as it managed to win only two of the 28 seats in the 2019 election. The party has decided to field senior party leaders and those who have joined from other parties, aiming to make the contest tougher for the INDIA bloc on the ST seats, said the people. In the first list, likely to be announced on Thursday, BJP will release the list of seats where senior leaders will be fielded, they said.
15.10 / 19:27
markets IPO Strategy Deloitte PAM show reports Cipla, Alkem Laboratories in final lap to buy SMT
Cipla and Alkem Laboratories have emerged as the frontrunners to acquire a controlling stake in Sahajanand Medical Technologies (SMT), India’s largest cardiac stent maker, said people in the know. This follows the withdrawal of rival private equity contenders KKR, TPG Capital and Apax Partners after showing initial interest. The deal is expected to value SMT at Rs 3,500-4,000 crore, and binding offers are due by next week, the people said. Promoters of SMT—the Kotadia family— plan to keep a minority stake after the transaction that would see other shareholders also divest their holdings. “They could retain about 15-20% stake post the deal,” said one of the persons cited above.
15.10 / 19:27
markets Williams Deloitte Monarchy PAM reports Features Is King Charles’ power in the royal family slowly slipping? Here are early signs
King Charles' authority within the royal family is gradually diminishing. For the majority of this year, King Charles has been driven out of Clarence House every week in a car, usually, the State Bentley, to undergo cancer treatment in public, something no British monarch has ever done before, as quoted in a report by The New York Post. It has only now, eight months after this scene has unfolded, been made public that Charles has made the startling choice to cease his treatment. That is, temporarily, as he and Queen Camilla are scheduled to travel to our southern woods this week for an 11-day tour.
15.10 / 14:41
markets Strategy Deloitte cover travelers Features International Adani Airport Holdings Ltd to invest Rs 1,300 cr in Thiruvananthapuram airport expansion
Adani Airport Holdings Ltd (AAHL) has announced plans to invest Rs 1,300 crore in expanding Thiruvananthapuram International Airport (TRV) by 2027. This was revealed at the recent TRV Growth Conclave, which was attended by local representatives, government officials, and members from the travel and tourism sectors, the company said here on Tuesday. The project called "Project Anantha," aims to enhance the airport's facilities significantly, it said. The new terminal will be designed to reflect Kerala's iconic temples, featuring cascading steps and terraced levels.
15.10 / 14:41
markets UPS Racing Strategy Election Deloitte Getting tough for Kamala? Harris' 5-point advantage over Donald Trump is gone, NBC polling analyst says
US elections campaigning has been a topsy-turvy one. For starters, she joined the US election race quite late, as she replaced Joe Biden, following his surprise exit. However, soon after, she managed to pick up the pieces, and built up her own stronghold in the key swing states and also at the national level. Some of the top pollsters in the country began backing her at the point, and following the second US Presidential debate, she also got some solid endorsement from the likes of Taylor Swift, and many other American influentials, who urged Americans to vote for the reigning Vice President.
15.10 / 13:59
markets Digital Deloitte Experts reports testing symptoms CJI Chandrachud reveals daughters' struggle with Nemaline Myopathy; What you need to know about this rare condition
rare genetic condition called nemaline myopathy, which affects his foster daughters. Speaking at the 9th Annual National Consultation on 'Protecting the Rights of Children Living with Disability and Intersectionality of Disabilities,' Chandrachud shed light on the emotional and practical difficulties families endure when dealing with this condition, as per a report from TOI. «Our children have been born with a condition called nemaline myopathy. There is a lack of knowledge about myopathy among doctors, caregivers, and parents. Many families live in self-denial, believing nothing is wrong, and testing facilities for this condition were scarce even in major institutes in India,» he shared during the event.
15.10 / 13:59
markets Provident Digital Strategy Deloitte reports Scandals Has the Diddy scandal taken a toll? Ashton Kutcher and Mila Kunis are reportedly moving to Europe
Ashton Kutcher and Mila Kunis intend to relocate to Europe. This came after rumours of the same surfaced online, following accusations and criticism directed at the actor shortly after Kutcher's connection to the highly contentious Sean Diddy Combs went viral. The move by Kutcher and Kunis might be an attempt to get away from Diddy's drama, as reported by ComingSoon. Ashton Kutcher and Mila Kunis intend to leave Hollywood and relocate to Europe in order to avoid the ongoing Diddy drama.

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