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“Foreign Institutional Investors (FIIs) turning net sellers in India can be attributed to various factors, including global uncertainties regarding monetary and interest rate policies, rising growth concerns in the US, and the possibility of asynchronous monetary policies across the world,” says Pradeep Gupta, Co-founder & Vice-chairman, Anand Rathi Group. In an interview with ETMarkets, Gupta said: “Investors should not overly concern themselves with short-term market movements and should maintain their portfolio allocation in line with their long-term strategic decisions,” Edited excerpts: What a twist market saw in the week gone by. We retested crucial support levels. What is causing the panic on D-St? Pradeep Gupta: The recent market movements have indeed been notable, with a retesting of crucial support levels indicating a certain level of volatility and uncertainty.

Mastercard announced the selection of five startups to participate in its Start Path blockchain and digital assets program on Wednesday to foster innovation in blockchain technology and digital asset utilization.

Goldman Sachs Group Inc. clinched a $43 billion mandate to invest pension fund assets of parcel-delivery company UPS, in one of the largest deals of its kind. 

Wrestling Federation of India (WFI) will decide on May 21 the selection criteria to pick the Indian team for the Paris Olympics, it has been learnt from reliable sources. India have earned six quota places for the Summer Games with five of them coming from women wrestlers. Aman Sehrawat is the lone male wrestler to lock quota in the men's freestyle 57kg category. The WFI had said that it would conduct one final trial to select the wrestlers who will represent the country at the Paris Games, starting July 26. According to the criteria explained earlier, it was said that the wrestlers, who finished in the top-four at the last trials will compete against each other and the winner from the group will fight it out with the quota winner.

Mumbai. The post provoked an outrage as one of the requirements listed was "Marathi people are not welcome here". The firm in question claimed that their Linkedin profile was used by a freelance recruiter and they apologised for the advertisement, so did the HR recruiter. However, the post has sparked off a Marathi versus Gujarati row in Mumbai which is now seeing it being reflected in some constituencies in Mumbai, especially in Mumbai North East as BJP's Mihir Kotecha takes on Uddhav Balasaheb Thackeray Sena's Sanjay Dina Patil here. Kotecha is the BJP MLA from Mulund, who has replaced sitting MP Manoj Kotak. In 2014, BJP candidate Kirit Somaiya won the elections against NCP candidate Sanjay Dina Patil by 3.17 lakh votes. Five years later, the BJP fielded Manoj Kotak who defeated Patil by a margin of 2.36 lakh votes. Sanjay Dina Patil has quit the NCP and is now contesting on the Uddhav Balasaheb Thackeray Sena faction ticket.

properties, including multiple bank accounts and cash worth crores, have been attached by the National Investigation Agency (NIA) across the country since 2019, most of them belonging to terrorists, Naxals, separatists and their supporters, officials said on Thursday. Of the 403 confiscated and attached properties, 206 have been attached by the Ranchi branch of the federal probe agency which is the highest, they said. The properties include multiple bank accounts and a significant amount of cash belonging to Naxals and their aides among others, spread across mainly in Bihar and Jharkhand, the officials said. A total of 100 other properties belonging to terrorists and their supporters were attached, forfeited or confiscated by the Jammu branch of the NIA, they said.

Walmart Inc. reported another quarter of strong quarterly results Thursday as its low prices pull in shoppers scouring for discounts with inflation stubbornly high.

police custody at Chipiyana Chowki in the Bisrakh police station area of Greater Noida. The deceased, Yogesh, had his brother, Jitendra, make serious allegations against the police, claiming they demanded five lakh rupees for his release. In response, the Noida Police Commissioner has suspended all police personnel stationed at the Chowki, a NBT report stated. Yogesh, employed at a bakery in Chipiyana, was brought in for questioning after allegations were made against him by a colleague. According to Jitendra, his brother was taken by the police who demanded a hefty sum for his release. Despite Jitendra providing Rs 50,000 and a bottle of liquor, the police allegedly demanded an additional four and a half lakh rupees. Tragically, Yogesh was found hanging the following morning. A police officer revealed that Yogesh, originally from Aligarh, worked in a Chipiyana bakery where a female colleague had leveled accusations against him. Yogesh was called in for questioning and, on Thursday morning at 10 o'clock, he was discovered having committed suicide at the police station. Despite being rushed to a nearby hospital, he was pronounced dead.

Travel Trends 2024: Breaking Boundaries, said Indian outbound travel to Vietnam skyrocketed by 248% compared to 2019 levels, followed by the US and Japan, with growth rates of 59% and 53%, respectively. These figures, compiled for the January-March 2024 period, also indicate a significant shift in traveler preferences. The emerging trends hold promise for the travel sector, considering that India is expected to see nearly 20 million more people entering the middle class over the next five years, it added.

Amit Shah on Thursday asserted that Pakistan occupied Kashmir (PoK) belongs to India and the country will take it back «at any cost». Addressing an election rally in Sitamarhi Lok Sabha seat in Bihar, the former BJP president slammed the Congress-led opposition for «raising fear about Pakistan's atomic power». «When Article 370 was scrapped, Rahul Gandhi had said that it would lead to bloodshed. Five years have elapsed and not a pebble has been hurled. But Congress's ally Farooq Abdullah tries scaremongering by saying that we cannot take back PoK as Pakistan has atom bombs,» Shah asserted. «I wish to declare from the birthplace of Goddess Sita that Bharat and its 140 crore people fear no one. Pakistan occupied Kashmir is ours and it will remain so. We will take it back,» he said.

JAUNPUR: Prime Minister Narendra Modi on Thursday asserted that in the coming five years, Modi and Yogi are going to change the «picture» and «fate» of Purvanchal, adding that he aims to make India a 'Viksit Bharat'. Addressing a rally in Jaunpur, PM Modi asserted that winning even a single seat in UP is difficult for the INDIA bloc. «I pledge to build a developed India and the growth engine of developed India will be Purvanchal, Eastern India. This entire region is becoming a strong hub of health and education. In the coming five years, Modi-Yogi is going to change both the image and the fate of Purvanchal,» PM Modi said.

Also Read: Mandeep Auto IPO allotment to be out today; latest GMP, 5 steps to check status The IPO investors can do ABS Marine Services IPO allotment status check online by following a few simple steps given below. Step 1: Visit the IPO registrar’s website on this link - https://www.purvashare.com/investor-service/ipo-query Step 2: Select ‘ABS Marine Services’ in the Company selection dropdown menu Step 3: Enter either Application Number or PAN Step 4: Click on ‘Search’ Your ABS Marine Services IPO allotment status will be displayed on the screen.

BJP's high-profile Smriti Irani and the relatively unknown Kishori Lal Sharma of the Congress locked in a fierce contest heading towards a difficult to predict climax. What should be a conventional ending has turned out to be a nail biter with Priyanka Gandhi Vadra's spirited campaign for the Congress scripting possible twists and turns in the absorbing electoral battle. Irani was the quintessential 'outsider', albeit from the BJP powerhouse, in 2019 when she beat former Congress president Rahul Gandhi in the constituency long considered the party's very own. Five years later, Rahul Gandhi has moved to nearby Rae Bareli and Gandhi family aide Sharma is up against the incumbent BJP MP's star power. It should be an easy contest but it isn't. As people discuss the Ram temple, Modi factor, the Priyanka Gandhi connect and everyday struggles, that's the word on the street in this constituency where no Gandhi family member is contesting for the first time in 25 years.

Slovak Prime Minister Robert Fico was in a «very serious» but stable condition in an intensive care unit on Thursday, a hospital official said, a day after being shot five times at close range in an assassination attempt. Slovak police have charged Fico's suspected attacker with attempted murder, tvnoviny.sk reported on Thursday.

₹209, China Mobile's Arpu is about ₹550. However, before investors get excited about Airtel’s Arpu catching up, they should note the significant difference in per capita income. In 2023, China’s per capita income stands at $12,500, nearly five times that of India, driven by the size of its economy.

trading session, the following five stocks witnessed a build-up of fresh short positions. Let's understand how this conclusion is reached whether the stock has seen a buildup of fresh short position or not. To understand it, we look at what “ short selling” means. When a trader is expecting the stock prices to fall, he may sell the stock without owning that and buy at a lower price, for example, stock XYZ is trading at 100, a trader sells the stocks at Rs 100 and buys it back at Rs 90. He made a profit of Rs 10. Selling the stocks without owing the underlying stock is called short selling. Coming to the buildup of fresh short positions, When the stock prices move downward and open interest on the counter increases, it is taken as a sign of a short build-up. The signal is considered more reliable if the volume on the counter has also seen an increase as the stock price declines.

«We had to provide for some arrears of wage revision which is impending, almost about 32 crores, arrears for gratuity. There has been a slight change in the way we calculate gratuity,» says Tribhuwan Adhikari, MD & CEO, LIC Housing Finance. Q4 clearly has been a good quarter for you. Your NII, PPOP all look good, but there is a slight dip in your PAT as well. Help us understand what is really weighing in on the profitability, given that teething issues one was seeing around your new technical software and your organisational structure now seem to have been resolved. I would say we maintained our profit before tax of Q3 as compared to Q4. Yes, for the year the profits have been good. Nothing really weighing on the profits as such. Yes, there were some one-off expenses in Q4 which probably weighed on our net profit.

Open interest indicates that bulls are likely to dominate the following counters. In Thursday’s trading session, the following five stocks witnessed a build of fresh long positions. Let us first understand how this conclusion is reached whether the stock has seen a buildup of fresh long position or not. When the stock prices move up and open interest on the counter also moves upward, it is taken as a sign of a long buildup. The signal is considered more reliable if the volume on the counter has also seen an increase.

Morrissey, who is the lead portfolio manager and head of the firm's World Selection portfolios within the UK multi-asset team, has left to «pursue external opportunities», a spokesperson told Investment Week.  Collectively, the World Selection portfolios hold more than £1.9bn in assets under management, according to data from FE fundinfo. Morrissey also runs five funds in the firm's Global Strategy multi-asset range, with a total £8.5bn in AUM.  Prior to her current role, Morrissey was a rates portfolio manager in the global bond team. Before that, she ran fixed income services within...

SBI FD rate hike: The State Bank of India (SBI) has raised its fixed deposit interest rates for certain tenures on retail deposits (up to ₹2 crore). According to the bank's website, the new FD rates are effective today, May 15, 2024.

What makes an ideal vacation bag? The foundation, set up as a public charitable trust, has been protecting and preserving this space, and ensuring it remains open to everyone, for 17 years. Since every visitor would not know the names of all the plants, the foundation has planned to introduce ebooks and conducts regular tree-cum-heritage walks to introduce visitors to special specimens as well as to unique heritage structures.