Extreme Financial News

economic activity. GFCF as a percentage of GDP stood at 28.9% in FY22 and at 29.2% in FY23 and is set to rise further, after declining from a high of 35.8% in FY08 through 29.5% in FY19. However, it's not all smooth sailing.

Indian American Chambers of Commerce (IACC) on Thursday said that any policy or regulation for the e-commerce sector must ensure that its growth is not stunted in any manner.

Jung Kook of BTS will join the Global Citizen Festival lineup, making one of his first live solo appearances at the Sept. 23 benefit concert in New York’s Central Park

COVID-19 pandemic. His remarks come amidst growing concerns over China's assertive actions in territorial disputes, which were highlighted by Beijing's release of a controversial map claiming territories of other nations as part of China. India, Japan, Indonesia, Malaysia, the Philippines, Vietnam and Taiwan have protested against the Chinese map.

Narendra Modi on Thursday pitched for everyone's commitment and joint efforts to strengthen the sovereignty and territorial integrity of all countries. In an address at the East Asia Summit, Modi also said that India believes that the Code of Conduct for the South China Sea should be effective and compliant with the UN Convention on the Law of the Sea (UNCLOS). His comments came days after a number of ASEAN member countries such as Malaysia, Vietnam and the Philippines reacted sharply to Beijing's territorial claim over the South China Sea in its latest edition of the «standard map of China». On August 28, Beijing released the 2023 edition of the «standard map of China» which includes Taiwan, the South China Sea, Arunachal Pradesh and Aksai Chin as Chinese territories.

Shares of new-age consumer technology companies have possibly left most conventional sectors behind by making a strong comeback in FY24. Thanks to the recovery in the technology stocks globally and the consistent improvement in earnings, Dalal Street investors are moving their eyes from the “sell” to the “buy” button. So far in the current financial year, all the listed new-age consumer tech stocks have given double-digit returns, and stocks like Zomato look set to turn a multibagger soon. That the faith is coming back in these stocks reflects in the shareholding pattern of institutional investors. Mutual Funds have increased their holding in Zomato for four quarters in a row. As of June end, their cumulative holding stood at 8.3%, compared to a meagre 2.4% in the same period a year ago. Similarly in FSN E-Commerce, MFs increased their stake for three consecutive quarters, taking their cumulative holding to 8.5% at the end of June quarter.

By Jamie McGeever

Don’t throw out that seemingly outdated at-home rapid Covid-19 test just yet. It may still be good. The Food and Drug Administration has been extending expiration dates for some authorized at-home, over-the-counter Covid test kits, meaning some unused tests may still be viable.

Jung Kook, a member of BTS, will co-headline the Global Citizen Festival 2023 in New York City's Central Park on September 23. This marks his debut at the festival and his first performance at a U.S. festival, though he appeared in the GMA Summer Concert Series 2023 and attended Coachella earlier this year as a fan. Expressing his excitement, Jung Kook stated, «I'm thrilled to be a headliner at this year's Global Citizen Festival. The festival focuses on important causes and encourages action, and I'm glad to be a part of it. I look forward to performing at the Great Lawn in Central Park in front of a large audience.» The Global Citizen Festival is a ticketed event, and tickets can be obtained by taking actions to combat extreme poverty through the Global Citizen app and website. The event aims to urge world leaders gathered for the UN General Assembly in New York to address the climate crisis, promote gender equity and tackle global hunger. Jung Kook joins previously announced headliners Ms. Lauryn Hill, Red Hot Chili Peppers and Anitta. The line-up also includes Conan Gray, D-Nice, Megan Thee Stallion, Sofia Carson and Stray Kids. The festival will be broadcast and livestreamed worldwide.

airport is seeing a delay in security as UK Police continues a manhunt for an escaped soldier who is facing terrorism charges. According to media reports, a manhunt has been launched after a terror suspect escaped on Wednesday morning. The escaped soldier has been identified as Daniel Abed Khalife.

Jung Kook of BTS will join the Global Citizen Festival lineup, making one of his first live solo appearances at the Sept. 23 concert in New York's Central Park. The record-setting K-Pop singer, whose debut solo single 'Seven' hit No.

₹1 crore investment will strengthen our understanding of the threat posed by pro-Khalistan extremism and complement the joint work already underway between the UK and India," he said. "UK citizens enjoy the right to gather lawfully and demonstrate a point of view, but rights to lawful protest do not extend to violent or threatening behaviour," the British prime minister said.

Lucknow is offering an elective course on «The Wisdom of Indian Philosophy» to groom future industry leaders in their approach towards real-life tasks by deriving inspiration from India's roots, according to officials. While the course is taught in English and has some traces of modern theories, it primarily relies on the tenets of Indian philosophy derived in Sanskrit from Patanjali Yoga Sutras, Samkhya Karika, and Upanishads with references from the Bhagavad Gita. The course is created and floated by Professor Anadi Pande, who was motivated to introduce this curriculum to students in order to help them manage their selves better, reduce stress and anxiety, amongst other things, to enhance focus and improve quality of mind. «We live in a highly globalised, dynamic, and changeable world, with surfeit of information, intense competition, the acronym BANI aptly sums up its characteristics. Samkya, Yoga and Vedanta enable us to connect with our true nature, achieve peace, and have a focused mind. »A superior mind is a tremendous instrument which can not only de-stress, improve our psychosomatic condition but enable us find innovative solutions to challenges in our workplace and the material world," said Anadi Pande, course coordinator and Professor, Strategic Management, IIM Lucknow. Pande said Indian philosophy predates Thales of Miletus, who is regarded as the first Greek philosopher and creator of western philosophy, by at least a millennium.

Canada needs to create 3.5 million more affordable housing units, but the government could create a new crisis altogether if it isn’t strategic in how it chooses to address the issue, experts say.

El Nino intensified, and forecasts for lower rainfall in September are further threatening to disrupt supplies. While wheat output forecasts are being revised lower due to dry weather in Australia, the world's second largest exporter, record-low monsoon rains are expected to reduce the volume of crops, including rice, in India, the world's biggest shipper of the grain, meteorologists and analysts said. Insufficient rains in Southeast Asia, meanwhile, could dent supplies of palm oil, the world's most widely used vegetable oil, while extreme weather in top corn and soybean importer China is putting food output at risk. «We are in full-blown El Nino weather in several parts of the world and it is going to intensify towards the end of the year,» said Chris Hyde, a meteorologist at U.S.-based Maxar, which provides climate data analytics. «The weather pattern in Asia will correlate with dry El Nino conditions.» El Nino is a warming of Pacific waters which typically results in drier conditions over Asia and excessive rains in parts of North and South America. LACK OF RAINS IN INDIA, AUSTRALIA India's monsoon rains, crucial for summer crops such as rice, sugarcane, soybeans and corn, are poised to be the weakest in eight years. «The impact of El Nino is much greater than we had anticipated,» said a senior India Meteorological Department official. «This month is going to end with a deficit of over 30%, marking it as the driest August on record.

Special Parliamentary Session would be held between 18-22 September. Lok Sabha and Rajya Sabha notifications later confirmed the parliamentary session adding that these five days would not entertain any Question Hour, and Zero Hour. While the agendas to be discussed in the parliamentary session has not been officially chalked out, speculations are rife that a bill would be tabled by the Bhartiya Janata Party (BJP)-led National Democratic Alliance (NDA) proposing the ‘One Nation One Election’ policy, and the proposal to change the name of the country from India to Bharat.

ASEAN Summit in Jakarta will be extremely critical for all stakeholders particularly ASEAN members to drive home point on ASEAN solidarity amid major geo-political upheavals including in SE Asia and Indo-Pacific region. It is imperative for the ASEAN leaders under Indonesia’s presidency to reiterate ASEAN solidarity on key challenges including in the South China Sea region. The ASEAN should be united on matters of Code of Conduct negotiations with China.

VHP) international working president Alok Kumar has said that if INDIA does not remove Dravida Munnetra Kazhagam (DMK) as its constituent, people shall be free to assume that Tamil Nadu minister Udhaynidhi Stalin's controversial remarks on Sanatana Dharma had the endorsement of the entire opposition bloc. «We have asked the constituents of INDIA if they agree with the comments made by Stalin. They need to clarify, else people will decide accordingly,» he said. Udhaynidhi, son of Tamil Nadu Chief Minister M.

Sanjiv Bhasin, Director, IIFL Securities, says “ this is the time to start to get overweight on Reliance, Apollo Hospital and ICICI. Apollo Hospital is seeing peer groups which are getting listed and their market cap move up whereas this stock has done nothing. Bhasin further says Tata Tele would be the first of two midcaps which are dark horses. The midcaps may be a little frothy, but there is a lot of value. The other dark horse is JP Power. JP Power last quarter came out with an EBITDA profit of 450 crore.Is it getting a bit more difficult to find gems and dark horses because a lot of these stocks have already seen a massive runup?Well it will always be a glass half full or half empty. Ask those people who are sitting and waiting for that inevitable correction. Corrections do not happen by choice and money is not made by default. It is only made by staying invested. There could be a lot of froth on the midcaps but who is to answer? The type of flows we are getting into mutual funds are all directed towards that.

These 11 schemes were from small cap, mid cap, multi cap, flexi cap, and ELSS categories. Around six small cap schemes offered more than 20% on lumpsum investments made on September 5, 2018. Two mid cap, one ELSS, multi cap, and flexi cap schemes offered more than 20%.Quant Small Cap Fund offered the highest CAGR of around 29.16%, followed by Quant Tax Plan which offered 23.72%.

"Please accept this letter as my resignation from my duty with effect from 01.01.2024 from my position (Deputy Manager-RMSME) at your branch, which is 4 months prior notice as due to bad HR Transfer policy, extreme pressure and bad behaviour of higher management, my health situation deteriorates day by day in current bank service. Presently, I am suffering from High BP, Anxiety, and Depression. Recently, I have been transferred from the SBI-Malout Branch (01465) to SBI, SME Branch (04044) Jalandhar. Due to this my health, my family, and the education of my children are suffering very badly, and seems it will not improve in bank service my whole life. Moreover, the lack of an employee-friendly transfer policy, late sitting, threatening message from senior management, and phone calls & after working hour is impacting my health, my family, and my social life balance. Money is not everything in life. An example of the harsh behaviour of the higher management is the meeting of RMSMEs held by Sh. Shanker Prashad P (GM Network -1) dated 22.08.2023 on MICROSOFT Teams App & Whatsapp Message in RMSME Group Ludhiana on dated 04.09.2023.in which behaviour of GM Sir is extremely bad and not possible to tolerate for anyone in the meeting. It makes me very depressed as an officer in SBI. So, accept my resignation and settle my dues in due course". The letter was written by the Assistant General Manager (Branch Head), SBI-SME Branch, Jalandhar.