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Britain’s Treasury chief is announcing a hike in the national minimum wage

Nifty 50 has net gained more than 13%, and one sector that has contributed significantly to this is the information technology pack despite the hullabaloo around global slowdown and earnings growth risks for the sector. The outperformance of IT stocks, which enjoy the second highest weightage in Nifty 50, to banks, has helped the 50-stock index move past the psychologically-crucial 20000-mark. In the first half of FY24, while the Nifty IT index has gained 11%, Nifty Bank has added over 9%. Of the 10 constituents of the Nifty IT index, eight of them have given double-digit returns in the April-September period. One must note that the stellar gains in stocks have come even after most technology majors gave a bleak outlook for earnings growth in FY24 amid the economic slowdown in the US and Europe.

Federal student loan borrowers will need to start making payments again this month after a three-year-plus pause due to the pandemic

Canada has banned only Babbar Khalsa International and the International Sikh Youth Federation, though India has several times urged it to ban five other pro-Khalistan groups that operate on foreign soil though proscribed under the Unlawful Activities Prevention Act. Canada's counter terrorism division included BKI and ISYF in the designated terror outfits' list in 2003 and upheld the decision in 2018 even after a review. India has been urging Canada to ban Sikhs For Justice (SFJ), Khalistan Commando Force (KCF), Khalistan Zindabad Force (KZF), Khalistan Tiger Force (KTF) and Khalistan Liberation Force.

Vijaykumar Iyer sought a fresh opportunity to seek new bids for Future Retail, springing a surprise for the lenders that rejected Space Mantra's ₹550-crore buyout offer Saturday evening, people aware of the development told ET. Instantly and unanimously, lenders rejected his proposal to restart the process, the people said. Kishore Biyani-promoted Future Retail, which is undergoing a corporate insolvency process, received only one eligible resolution plan from Space Mantra even as large conglomerates such as Adani Group and Reliance Industries had made expressions of interest. «After the voting lines closed at 9.00 pm Saturday, the resolution professional conducted a virtual meeting with lenders and insisted that the process to find a buyer should be restarted,» said one of the persons cited above.

Listed telco infrastructure business Superloop Limited is in no rush to lob a higher bid at its target Symbio, after its $2.85 a share bid was topped by Aussie Broadband late Friday evening.

Perpetual chairman Tony D’Aloisio faces a challenge to his re-election to the fund management group’s board after influential proxy advisory Ownership Matters recommended shareholders vote against it.

Here is your Pro Recap of the top takeaways from Wall Street analysts for the past week: upgrades for Teradyne, XPO Logistics, Tractor Supply, and Brinker International, and a downgrade for Nike.

NEW DELHI : A top government panel has recommended that Bharat Biotech Ltd conduct phase-3 trials of its Japanese encephalitis vaccine for people aged 65 and above, as the disease emerges as a key concern in India. The Hyderabad-based company had asked the Drugs Controller General of India (DCGI) for permission to conduct phase-3 trials in children up to a year old, as was done in phase 1 and 2 trials. However, the expert panel of DCGI said the company may conduct it for older individuals as well, minutes of its meeting showed.

NEW DELHI : Online real-money gaming firms, and lawyers representing multiple companies in this sector, labelled the Centre’s way of implementation of the new goods and services tax (GST) rate on online gaming companies unprecedented. The stakeholders of the sector, which has remained under fire for numerous taxation issues through the year, claimed that the Centre’s notification of the new online gaming GST regime—done before all states have fully adopted it—could be used as a precedent for breaking the “one nation, one tax" format of GST going forward, and is also in contravention of the law.

full human review. The immigration authority clarified that only an IRCC officer can refuse an application; the automated tools do not refuse or recommend refusing applications.

Commission for Air Quality Management (CAQM), an autonomous body tasked with improving the air quality in Delhi and its adjoining areas, made crucial changes to the Graded Response Action Plan (GRAP) last year and again in July. The new changes include strict restrictions on the plying of overage vehicles and a complete ban on the use of coal and firewood in eateries, restaurants and hotels when the Air Quality Index (AQI) breaches the 200-mark.

Dr Devi Prasad Shetty, Chairman & MD, Narayana Health, says try to restrict carbohydrate intake and become spiritual. I am not saying you should become religious; become spiritual because knowing that somebody is up there protecting us, making sure that everything is done the way it should be, has a very, very, very positive force in your life. What are the tips to keep your heart healthy? I have a few messages and tips. First message to everyone is that do not wait for your heart to break down, see the doctors before it breaks down. We call it preventive maintenance. Everyone past the age of 30 must go for a preventive check-up. It may not be a very detailed preventive check-up but go for a preventive check-up. Especially people who want to get into very extreme sports like cardio or a marathon race or a football, it is very important to get a detailed evaluation of the heart because in India nearly 10% to 15% of the adult population have some type of a heart disease and 50% of the heart patients suffer from silent ischemia, that means even if they develop a heart attack, they do not know about it.

sea lion named Sally briefly escaped from her enclosure at the Central Park Zoo during the heavy rains that deluged New York City on Friday. Zoo workers closely monitored the situation as Sally ventured out of her pool due to the flooding of the zoo grounds caused by the relentless rain. Jim Breheny, the director of the Bronx Zoo and executive vice president of the Wildlife Conservation Society's Zoos and Aquarium, reported, «Zoo staff monitored the sea lion as she explored the area before returning to the familiar surroundings of the pool and the company of the other two sea lions.» Fortunately, the sea lion did not breach the zoo's secondary perimeter, and with the receding floodwaters, all the animals were safely back in their exhibits by 3 p.m.

West Bengal Governor CV Ananda Bose in a veiled attack on the TMC government said Saturday there is «violence outside» and «lens» inside the Raj Bhavan. Bose was speaking at a function to swear-in the newly elected TMC MLA from Dhupguri at the palatial Raj Bhavan which doubles up as the Governor's residence and office.

increased from $7.85 to $8.60. The hike is expected to affect end-consumers, as city gas distribution companies are likely to accordingly raise the prices of compressed natural gas (CNG) as well the piped natural gas (PNG), commonly referred to as the cooking gas.

«So, on an intraday basis, we may see a lower level; however, it is very important for us to close above 19,600 to witness a bit of a bullish momentum or even a sideward range,» says Foram M Chheda. Firstly, the index that saw a decent rebound on the Friday session after scaring everybody on the expiry day, that is Thursday, but for the upcoming week how are you placing yourself on to the benchmark indices for Nifty as well as Bank Nifty, the rebound is expected to continue going ahead as well? To begin with, we have just closed marginally up above 19,600 level. It is basically a benchmark that we were eyeing at as well as it is a psychological mark as well. So, it is just closed there. So, it is more like a very consolidated move. Lately, we have seen a lot of volatility overall in the index itself, that maybe in the first half we may see a bit of a rebound but in the second half we see a bit of a sell-off or a profit booking coming in.So, what I expect in the truncated week also, that is the next week, it is going to be more of a consolidated move and at the same time with a very cautious approach, one should be maintaining very strict tight stop losses.

Punjab farmers demanding compensation for crops damaged in the recent floods, a legal guarantee on MSP and a sweeping debt waiver entered its third day on Saturday. The agitation has hit the movement of trains, with many being cancelled, short-terminated or diverted, railway officials said. The farmers have been blockading railway tracks at several places in Faridkot, Samrala, Moga, Hoshiarpur, Gurdaspur, Jalandhar, Tarn Taran, Sangrur, Patiala, Ferozepur, Bathinda and Amritsar since Thursday as part of their three-day agitation.

While the trade war between The US and China, Covid-19, and Russia’s invasion of Ukraine changed the way we think of redundancy, flexibility, and security of supply, we are now staring into what could possibly be the biggest game-changer yet: The rapid evolution of Artificial Intelligence which has most recently accelerated investments from companies all over the world and spun a global discussion about how the technology will change our society – for better or worse. The hype was triggered when Open AI’s Generative AI, ChatGPT, attracted 1 million users in just 5 days and 100 million users after two months. In comparison, it took TikTok nine months to hit the 100 million mark.

Buy or sell stocks: Amid expectations of partial US shutdown, Indian stock market opened upside and extended its early morning gains further during Friday session. Nifty 50 index gained 114 points and closed at 19,638 levels, BSE Sensex went up 320 points and ended at 65,828 mark whereas Bank Nifty index added 283 points and closed at 44,584 levels.

Navin Fluorine International plunged nearly 14% to ₹3,766 on Friday, following the unexpected resignation of its managing director, Radhesh Welling. The company said in an exchange disclosure that Welling is quitting for personal reasons and the board has accepted his resignation. The company said executive chairperson Vishad Mafatlal will steer the operations till it finds a replacement for Welling.