NOT Financial News

Elon Musk may want to send «tweet» back to the birds, but the ubiquitous term for posting on the site he now calls X is here to stay — at least for now. For one, the word is still plastered all over the site formerly known as Twitter. Write a post, you still need to press a blue button that says «tweet» to publish it.

Global food markets have been thrown into chaos yet again — not only because of Russia’s decision to pull out of the Black Sea grain deal, but also India’s announcement that it would ban the export of many varieties of rice. The partial exit of the rice market’s largest trading nation, with about a 40% share of exports, has led to fears that food inflation will race out of control, particularly in countries of the Global South that are already struggling with high debt levels and inflated food and fuel bills. Even if it is soon lifted, the export ban is a big mistake for India, both economically and geopolitically.

RBI) easing monetary policy by three months to August 2024, as inflation remains a concern and global central banks demonstrate few signs of much-awaited easing. Overnight indexed swap (OIS) rates, the principal tool for hedging interest rate risk in India, have climbed sharply since the RBI's last policy in June and now suggest that the central bank would only lower the repo rate in August of next year as against the earlier pricing that pointed towards policy easing at the beginning of the next fiscal year. A rise in OIS rates typically reflects market expectations of tighter financial conditions.

yields slid on Wednesday in choppy trading after the Federal Reserve raised interest rates by a widely expected 25 basis points (bps) and left the door open for another increase, but the market is not buying it. The rate hike, the Fed's 11th in its last 12 meetings, set the benchmark overnight interest rate in the 5.25% to 5.50% range. The accompanying policy statement left the door open to another increase, citing still-elevated inflation.

InvestmentNews columnist Ed Slott got a lot of people thinking about Roth IRA and Roth 401(k) strategies this week — and whether traditional tax-deferred saving should be anyone’s go-to in the current tax environment.

China this month showed its post-pandemic surge was quickly fading, raising expectations that the government needs to bring out more stimulus measures to drive activity and bolster shaky consumer confidence. British consumer goods giant Unilever said on Tuesday that China's declining property market and exports had sent its consumer sentiment to a historic low, having earlier this year forecast a Chinese "consumption boom".

Mizoram expressing solidarity with the affected Kuki people of Manipur, Manipur chief minister N Biren Singh asked the Mizoram chief minister not to interfere in the internal affairs of another state. He said that the state government will identify the illegal immigrants and drive them out of the state and the government would not succumb to any threat. Singh while practicing on the occasion of Kargil Diwas on Wednesday said that the state government is against the illegal immigrants and that his government is not against the Kuki community, who has been residing in the state for a long time.

Never miss an appointment, date, or deadline. And keep an eye on your health. Sounds like a win-win situation!Galaxy Watch 6, the new generation of smartwatches launched by the consumer electronics titan Samsung at the Galaxy Unpacked Event in Seoul, promises to be more than just a cool-looking smartwatch!

New Delhi: Defence minister Rajnath Singh on Wednesday reaffirmed his government’s stance of maintaining peace at borders, but warned that India will not shy away from retaliating if provoked. Singh was speaking at the occasion of the 24th Kargil Vijay Diwas. Earlier, he laid a wreath at the War Memorial in Drass, Ladakh, to pay tributes to the soldiers who sacrificed their lives during the 1999 Kargil war.

Filing of the return of income is mandatory for people in India if their income exceeds the basic exemption limit in a financial year, which under the old tax regime is Rs 250,000 in case of individuals who are not senior citizens, Rs 300,000 in case of senior citizens and Rs 500,000 in case of super senior citizens. Under the new tax regime, the basic exemption limit is Rs 250,000 for FY 2022-23, irrespective of the age of individual taxpayers.

The introduction of pre-filled income tax forms by the Income Tax Department aims to simplify the process of filing tax returns. By auto-populating information obtained from the returns filed by others like employers, banks, mutual funds, and other deductors, the department intends to ensure that taxpayers report their income accurately. While this innovation has been well-received by many, caution and thoughtful consideration are required when relying solely on pre-filled ITRs.

₹285 to ₹300 per equity share for the proposed initial public offer. Yatharth Hospital IPO raised ₹205.96 crores from 18 anchor investors at the upper price band of ₹300 per equity share on Tuesday, July 25. SBI Life Insurance Company, Goldman Sachs (Singapore), Kotak Mahindra Life Insurance Company, ICICI Prudential Mutual Fund, Max Life Insurance Company, HDFC MF, and BNP Paribas Arbitrage are a few prominent anchor investors.

RIL shares ahead of the demerger, shares of Street favourite ITC dropped over 7% in just 2 days following the announcement of the spin-off. After Ambani's 'buy 1 get 1 offer' for shareholders of Reliance Industries (demerger ratio of 1:1), investors were expecting ITC also to opt for a 100% vertical split. But ITC management chose to keep 40% ownership with itself and give away the remaining 60% to existing shareholders.

fourth shot of the Covid vaccine may be unwarranted. Instead, vaccination against flu might be a better idea, given the high number of cases in many cities, according to them. To be sure, a fourth Covid dose can protect against a recurrence, considering it has been a while since the second dose for most people and only 220 million took the third dose in India. Some studies have shown a fourth dose could help build up resistance as immunity against Covid would have fallen for most people. Health experts, however, don't see the need for a fourth dose, especially since India's Covid cases have come down to 23 cases in the last 24 hours. That's the lowest daily infection count since March 2020. «There is no need for another dose of Covid vaccine right now,» said Anurag Agrawal, former head of the Indian SARS-CoV-2 Genomics Consortium (Insacog), the laboratory consortium, and chair of the World Health Organisation's Technical Advisory Group on Virus Evolution.

Manipur Integrity (COCOMI), valley based organisation of the Meitei community, on Tuesday urged the Centre not to hold any talks with Kuki militant groups. They claimed that members of those outfits are responsible for the current turmoil in the state and their cadres are “foreigners”.

Canadians planning to visit Europe next year will have to pay for a travel authorization — not a visa — as the European Union looks to strengthen its border security measures.

Two more Liberal cabinet ministers have announced they are not going to be seeking re-election, as sources tell Global News a federal cabinet shuffle is expected on Wednesday.

West Indies, Indian pacer Mohammed Siraj, who was given the 'Player of the Match' award for his five-wicket haul, said that there was no help for pacers on the wicket and picking wickets in such conditions gives one confidence. The rain did not allow any play on the final day of the second Test between India and West Indies being held in Port of Spain on Tuesday, ending the match in a draw. With this, India has clinched the two-match Test series 1-0.

wrestling fraternity's wrath for accepting exemption from the Asian Games trials, Vinesh Phogat and Bajrang Punia on Monday said they are hurt that young wresters dragged them to the court but are at the same time delighted to see the junior grapplers starting to fight for their rights. The IOA ad-hoc panel conducted trials in all 18 categories for the Hangzhou Games but decided to give direct entries to Bajrang (65kg) and Vinesh (53kg), triggering angry reactions from many in the wrestling fraternity. Junior wresters Antim Panghal and Sujeet Kalkal approached the Delhi High Court, appealing that the exemption be set aside but their petition was dismissed.

NEW DELHI : India’s ambition to accelerate its green hydrogen mission faces challenges as the targets have not translated into actual demand, and the adoption of a gradual mandate for the use of green hydrogen may not help the country achieve the goal of 5 million tonnes (mt) capacity by 2030, said Sumant Sinha, the founder, chairman, and chief executive officer (CEO) of ReNew. “The size of the opportunity in green hydrogen is almost limitless in a way based on just what governments have stated as being their plans. But a lot of that has to translate from government targets to actual demand, and that has not happened so far," Sinha said in an interview at the Energy Transition Working Group Meeting and the Clean Energy Ministerial under India’s G20 presidency in Goa.

Opposition that accuses the Narendra Modi government of 'over-centralisation' now wants 'one man' alone, the prime minister, to speak on the violence in Manipur, or else… Three days into the monsoon session, Parliament continues to be in 'or else' mode: dysfunction. GoI has agreed to a discussion on Manipur in both Houses, with the home minister replying. But the Opposition is still seeing 'government' as 'PM' and 'PM' as 'government'.