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online consumption across segments such as electronics, wearables and beauty products, as flagged by multiple listed companies and industry trackers. For the fourth quarter, logistics firm Delhivery said its express parcel shipments, a proxy for ecommerce delivery volumes, declined 13% sequentially to 176 million.

senior talent pool of LTIMindtree has become a hunting ground for other IT companies one and a half years after the merger that created the country’s sixth largest software services company. LTIMindtree was born out of the merger between L&T Infotech and Mindtree in November 2022. Analysts have attributed this to integration pains. CEO Debashis Chatterjee has said it’s business as usual. While the company is reportedly devising a succession plan, about two dozen senior executives have resigned and joined rivals and other tech companies such as Cognizant, Capgemini, Persistent Systems, Tech Mahindra, Sonata and others, an ET analysis of brokerage house reports and LinkedIn profiles showed.

financials and metal stocks. In today's trading session, shares of NTPC, Cochin Shipyard, Hindustan Copper, Karnataka Bank, and Narayana Hrudayalaya among others will be in focus due to various news developments and quarterly earnings. NTPC

Sauce VC, which has backed new-age luggage brand Mokobara, healthy foods startup The Whole Truth and petcare firm Supertails, has launched its third fund with a target to raise Rs 250 crore, founder and managing partner Manu Chandra told ET. The New Delhi-based investment firm received clearance from the Securities and Exchange Board of India (Sebi) a few weeks ago for the new fund, Chandra said, adding that it aims to back 15-16 consumer brands in their early stages.

killed at least 35 people Sunday and hit tents for displaced people in the southern Gaza city of Rafah, and «numerous» others were trapped in flaming debris. Gaza's Health Ministry said women and children made up most of the dead and dozens of wounded. The attacks came two days after the International Court of Justice ordered Israel to end its military offensive in Rafah, where more than half of Gaza's 2.3 million population had sought shelter before Israel's incursion earlier this month. Tens of thousands of people remain in the area while many others have fled. Footage from the scene of the largest airstrike showed heavy destruction. Israel's army confirmed the strike and said it hit a Hamas installation and killed two senior Hamas militants. It said it was investigating reports that civilians were harmed. Defense Minister Yoav Gallant was in Rafah on Sunday and was briefed on the «deepening of operations» there, his office said.

In India, the real estate sector is witnessing rapid growth, and retail is emerging as a critical component of this expansion. Among various retail formats, high street retail is gaining significant traction, reshaping city landscapes and enhancing local economies. High street retail refers to premium shopping areas typically located in the heart of cities. These bustling streets are characterized by a mix of luxury boutiques, flagship stores of renowned brands, restaurants, cafes, and entertainment venues. Unlike enclosed malls, high street retail spaces offer an open-air shopping experience, often integrated with the city’s cultural and historical fabric.

By R Gopalan and MC Singhi,

The Russian Central Bank says it has noticed a significant rise in citizens’ transactions on crypto exchanges and peer-to-peer crypto trading platforms.

banks and stressed asset firms last week adopted a 'model agreement' for selling loans, but were unable to reach a meeting point on the tricky issue of 'indemnity' which banks typically refuse to give once sticky assets move out of their books. Lenders, according to documents reviewed by ET, would also have the right to declare an account as 'fraud' and make asset reconstruction companies (ARCs) that acquired the stressed loan responsible for dealing with the investigative agencies looking into the offence. Even though a model template settles several differences arising in the course of loan sales, the two issues, pertaining to indemnity and fraud, place selling banks at a comparatively advantageous position.

India sweated through a deadly heat wave that tested power grids and disaster preparedness of states on Sunday while Maharashtra's Akola imposed Section 144 until May 31, prohibiting public gatherings. A 'red' warning has been issued for Rajasthan, Punjab, Haryana, Chandigarh, Delhi, west Uttar Pradesh, and Gujarat, indicating a «very high likelihood» of heat illness and heat stroke for all age groups. Rajasthan's Phalodi was the hottest place in the country for the second consecutive day, recording a maximum temperature of 49.8 degrees Celsius. A day ago, the city hit 50 degrees Celsius — the highest temperature recorded in the country since June 1, 2019. The state has reported multiple heat-related deaths in the last three days.

The first three episodes of the new season will air simultaneously, promising a captivating start to the continuation of Will Smith’s journey, as mentioned in a report by Digital Spy.

NTPC Ltd has written to the power ministry proposing pooling of its «entire capacity» for sale of power to distribution companies, according to people aware of the development. If approved, the proposed move could ease supply and operations as the company would be able to sell power to a discom from any station and not restrict it to stage-wise units, people familiar with the matter said. The power purchase agreements (PPAs) with some discoms are signed in stages of commissioning and each stage is a separate entity for tariff and scheduling purposes.

Final data across five phases of Lok Sabha elections indicates that 3-4 states have pulled down overall voter turnout, with Uttar Pradesh, Bihar, Gujarat and Rajasthan leading the tally. Maharashtra has also reported lower turnout across several seats, but has made up on others, as per full data released by the Election Commission of India on Saturday. Overall, many more Lok Sabha seats have witnessed lower turnout in comparison to 2019. «We are disappointed with the turnout in UP, Bihar and Maharashtra. We expected them to do much better and that has affected overall turnout. Deeper examination of the reasons will be done to understand this dip,» a senior ECI official told ET.

death toll in the Rajkot fire incident rising, several discrepancies are stumbling out regarding the safety precautions. The First Information Report (FIR) registered squarely blames the management. It stated that the gaming zone was operating without a no-objection certificate from the fire department. It did not have adequate arrangements to handle any possible fire that would have «hundred percent» chance to result in fatalities. The FIR states that the game zone was constructed with fabrication structures and galvanised sheets with many areas inside having electrical wirings and AC vents.

Gujarat High Court has taken suo motu cognizance of the incident and the PIL will come up for hearing on Monday. A special bench of the Gujarat High Court, comprising Justice Biren Vaishnav and Justice Devan Desai, observed that «prima facie, a man-made disaster has occurred where innocent lives of children have been lost» as such recreation facilities have come up without adequate approvals from the competent authorities. «The gaming zone in Rajkot appears to have taken advantage of the loopholes in the Gujarat Comprehensive General Development Control Regulations to pave its way for creating illegal recreational activities,» the bench. It stated that it has also taken note of such gaming zones that have come up in Ahmedabad «which pose significant threat to public safety, especially to innocent children.»

cybercrime complaints being registered on the National Cybercrime Reporting Portal run by the ministry of home affairs between January to April 2024. According to Indian Cyber Crime Coordination Centre (I4C), on an average 7,000 cybercrime complaints were registered per day in May 2024, a jump of 113.7% between 2021-2023 and 60.9% from 2022-2023, and 85%of them were financial online frauds. I4C is a body established by the MHA to provide a framework for law enforcement agencies to deal with cybercrime. The massive rise in number of cases can be seen between 2019 to 2024 with 26,049 complaints being registered in 2019, 2,57,777 in 2020, 4,52,414 in 2021, 9,66,790 in 2022, 15,56,218 complaints in 2023 and 7,40,957 in 2024 in the first four months of the year. Most victims were targeted using online investment fraud, gaming apps, algorithm manipulations, illegal lending apps, sextortion, and OTP forwards among others. Over 1 lakh investment scam cases were reported in 2023, according to I4C. In cases of digital arrests, Indians lost ₹1.2 billion in 4,599 cases in the first four months of 2024. Trading scam accounted for 20,043 cases in which ₹14.2 bn were lost to cyber criminals during the same period.

Tennis fans worldwide eagerly await the return of Rafael Nadal to the storied clay courts of Roland-Garros. The "King of Clay" embarks on what might be his final campaign at the French Open, aiming to extend his record with a potential 15th title. The journey to Paris has been arduous for the 37-year-old Spaniard, but his determination to compete on his beloved surface remains unshaken.

BJP nominee for Buxar Mithilesh Tiwari is in a meeting with a restive group of disenchanted youth. There are growing reports of shifting loyalties of the young voters, particularly Brahmins. Speculation is rife that the youth in this constituency were showing an inclination to join the camp of independent candidate and ex-IPS officer Anand Mishra. One by one, they stood and spoke directly with Tiwari.

generative AI will analyze the context of users’ messages and produce personalized emojis suited for any given situation, vastly expanding the current emoji repertoire available on iPhones and other Apple devices. This new capability is expected to stand out among the various enhancements that iOS 18 will bring.In addition to the emoji creation tool, iOS 18 is set to introduce several other AI enhancements across different applications, including notifications, Photos, and Notes.

ALSO READ: Remal cyclone: When and where will cyclonic storm make landfall? All FAQs answered hereIMD said, as quoted by news agency ANI, “Cyclone Remal over the North Bay of Bengal is to move northwards about 130 km southeast of Sagar Islands (WB), 140 km southwest of Khepupara (Bangladesh), 140 km southeast of Canning (WB), 160 km southwest of Mongla of Bangladesh and cross Bangladesh and adjoining West Bengal coasts by midnight today with a max wind speed of 110-120 kmph."With the ‘Cyclone Remal' to hit West Bengal coast, state Governor CV Ananda Bose chaired an emergency review meeting.ALSO READ: Cyclone Remal Alert! How India, Bangladesh are bracing for the year's first cyclone? Explained“As you know Cyclone Remal is expected any time. Bulletins are being issued from time to time and the whole of West Bengal is prepared.

ALSO READ: Oil records longest losing streak in 5 months, Brent drops 2% at $82; here's whyOn May 30 (Thursday), first revised GDP (gross domestic product) data for the first quarter will be released.May 31 (Friday) will see the release of personal income data for April and core PCE (personal consumption expenditure) index data for April.Following companies are due to report quarterly earnings in the week ahead— Box, CAVA Group, Bank of Nova Scotia, Salesforce, DICK'S Sporting Goods, Agilent, Chewy, HP Inc., Pure Storage, Capri Holdings, Okta, C3.ai, Abercrombie & Fitch, Best Buy, Birkenstock, Royal Bank of Canada, Dollar General, Foot Locker, Costco, Gap, Marvell, Dell, NetApp, Nordstrom, Genesco, and Frontline.A high profile cryptocurrency event named CoinDesk Consensus will be held on Wednesday.The event, aimed at solving crypto industry challenges, will see hard-hitting conversations with visionary speakers and hands-on workshops.ALSO READ: Yellow metal sees correction; short and long-term outlook remains positiveUS stocks rose on Friday on reports of improving consumer outlook on inflation.The Dow Jones Industrial Average rose 4.33 points, or 0.01 per cent, to 39,069.59. The S&P 500 gained 36.88 points, or 0.70 per cent, at 5,304.72 and the Nasdaq Composite advanced 184.76 points, or 1.10 per cent, to 16,920.79.For the week, the Dow dropped 2.34 per cent, the S&P edged up 0.03 per cent and the Nasdaq gained 1.41 per cent.The US dollar rose to 157.00 yen from 156.91 Japanese yen.