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Madison Ventures managing director Mitch Roschelle analyzes the housing market and reveals some of the best places to live outside of big cities on 'The Big Money Show.'

Srinagar Lok Sabha constituency witnessed a record turnout of 38%, highest in the last 25 years, on Monday. The pre-delimitation turnout was 15% in 2019. Electors ET spoke with said their vote represented “anger on the ground and a democratic response against the decisions of August 5, 2019”. This was the first election in the last three decades when no separatist organisation had called for boycott, which also played a role in improving the numbers. Political parties, however, complained that their election agents were not allowed by the administration to function smoothly at several booths. Voting went peacefully in all the areas and police and paramilitary for ces reported no major violent incident.

China's finance ministry plans to start raising 1 trillion yuan in long-awaited, long-term special treasury bonds this week to raise funds it will use to stimulate key sectors of its flagging economy. The finance ministry confirmed what four sources had told Reuters earlier on Monday that the 1 trillion yuan ($138.23 billion) of special government bonds would have tenors of 20 to 50 years and issuance will begin on May 17. The sources who have direct knowledge of the plans said 300 billion yuan worth of 20-year bonds, 600 billion yuan worth of 30-year bonds and 100 billion yuan worth of 50-year bonds would be issued.

asset reconstruction companies have shown interest in acquiring a nearly ₹13,500-crore loan portfolio of Indian Overseas Bank (IOB), three sources familiar with the development said. Among the ARCs expressing interest are Edelweiss ARC, Phoenix ARC, Omkara ARC, and Prudent ARC. IOB has set a deadline of May 28 for the submission of bids for the portfolio of ₹13,472 crore of loans, following the closure of the expression of interest today. In the event of a single bid for any portfolio, the bank will conduct a Swiss auction, using that sole bid as the anchor, according to the notice issued by the bank on its official website.

polling across eight constituencies of south-central West Bengal saw sporadic incidents of violence on Monday, although the state led other regions of the country in voter participation. Several people, including three CISF personnel in charge of the security of Dilip Ghosh, BJP's Bardhaman-Durgapur candidate, and a Trinamool worker, were injured in Monteswar and Kalna Gate areas, respectively, of Purba Bardhaman district. Two vehicles carrying Ghosh's security personnel were also vandalised. Separately, a Trinamool worker in Purba Bardhaman's Ketugram, which is part of the Bolpur Lok Sabha seat in Birbhum district, was reportedly murdered on Sunday night.

25% increase in their bills after the general election as telecom companies prepare for the fourth round of tariff hikes in recent years, a move which would give a boost to their average revenue per user (ARPU). «We expect a meaningful hike of around 25% by the operators in the near term on the back of a stable competitive environment, their need to improve profitability following heavy 5G investment, and continued government support,» said a report by brokerage Axis Capital. The report said while the quantum of hike may appear large, it should be manageable for both urban and rural users, especially as data usage is sticky. For urban households, subscribers' spending on telecom would go up to 3.6% of total expenditure from 3.2%, it said, while for rural subscribers spending would increase to 5.9% from 5.2%.

tax filing system more transparent, the Central Board of Direct Taxes (CBDT) has introduced a new functionality in the Annual Information Statement (AIS) that will allow taxpayers to share feedback on every transaction displayed therein, confirm any transaction listed and provide response on the feedback on a real-time basis. The move will allow taxpayers to verify and correct data provided in the AIS before filling their income tax returns.

employment was generated between 2014 and 2024 out of which 197.9 million was as a result of governance-led interventions and 316.1 million due to credit-led interventions, said a SKOCH report on Job Generative Impact of Modinomics, released on Monday. A man-year or person-year is a unit of measurement for the amount of work done by an individual throughout the entire year expressed in hours. The report is based on 80 case studies covering borrowers who took multiple loans and data of various government schemes.

Public sector banks (PSBs) will identify one "champion sector" in their business plans, to expand significant presence in it by developing specific sector capabilities, said officials. The lenders will also look to design tailored products for segment-specific lending and build internal capacities such as stress testing and early warning signals, they said. «We are discussing these metrics with PSBs as part of their business roadmap till 2026-27,» said one of the officials, who did not wish to be identified. This initiative is part of the Viksit Bharat (developed nation) strategy for PSBs, which includes onboarding sector-specific advisors and developing credit underwriting models to expedite loan approvals. The move seeks to complement the government's efforts under the Production Linked Incentive scheme that seeks to develop manufacturing capabilities in select identified areas. «Banks will focus on non-traditional sectors and collaborate to leverage the expertise developed among them,» said another official.

Delhi: The Aam Aadmi Party's Rajya Sabha member Swati Maliwal on Monday alleged that she was assaulted by the personal assistant of DelhiCM Arvind Kejriwal at his official residence following a request by Kejriwal that she quit from the Upper House to pave the way for the party's lawyer Abhishek Manu Singhvi. Maliwal, former chairperson of the Delhi Commission for Women, went to the Civil Lines police station and alleged that a close aide of Kejriwal had assaulted her on the chief minister's directions at his official residence. Police said a formal complaint had not yet been received.

potato prices will likely continue to pinch Indian households until the new crop comes to the market in December. Tomato prices have fallen by 40% in the past two days at Delhi's Azadpur Mandi, the largest fruit and vegetable wholesale market in Asia, due to increased arrivals from Himachal Pradesh, Rajasthan, Uttar Pradesh, Haryana and Punjab, traders said. On the contrary, potato traders said prices will firm up further by another 5-10% as untimely rains have affected the tuber crop and because of cold storage owners releasing potatoes in a way so that the stock can meet domestic consumption till the arrival of the new crop. Trade sources from Uttar Pradesh, the largest producer of potatoes, said the government has already launched a drive to see whether the cold storage facilities in Agra, the centre of the state's potato trade, were hoarding the tuber to jack up prices. «Once the election is over, there will be state-wide monitoring of the movement of potatoes,» one of them said.

INOX India Q4 results: Net profit jumps 44% YoY to ₹44 crore; revenue up 17% Additionally, the company is exploring various avenues to raise funds, including American Depository Receipts (ADRs), Global Depository Receipts (GDRs), and Foreign Currency Convertible Bonds (FCCBs), among others. In the previous month, the metals-to-oil conglomerate announced its intention to raise funds amounting to ₹2,500 crore ($299.6 million) through debt securities. This fundraising initiative will involve issuing non-convertible debentures on a private placement basis.

Knight Frank released its report, 'Think India Think Retail 2024'. It has an ominous warning for shopping malls across the country. 'Ghost shopping malls with vacancy rates of 40% or more rose from 57 in 2022 to 64 in 2023 across eight major cities, with larger shopping centres preferred for an outing, and online shopping taking away some old retail charms,' states the report. There was a 238% y-o-y increase, it added, in the gross leasable area (GLA) of all shopping centres in prime Indian markets in 2023, even as ghost malls rose in number. Big retail in India needs reinvention. The mall as a massive real estate complex is an American idea that goes back to a combination of consumer boom, timescape, landscape and culture that suited the West rather than India. Mall culture is changing in the West itself. If an American works five days a week, with kids to raise and without help at home in sparsely populated cities, the mall may still be the place to catch a movie or for shopping. However, land costs and rentals were not real issues in the US, compared to disposable incomes that generated suitable demand.

Mt Everest in Nepal? It requires an individual to have the highest level of stamina, mental agility and excellent mountaineering abilities. Now, what does it take to climb the mountain 29 times? It is in this regard that, Sherpa Kami Rita has broken his record by climbing Mt Everest for the 29th time. It is his expertise and skills that often lead to others accomplishing their record of having climbed this magnificent mountain. It has been reported by the Associated Press that this feat was accomplished on May 12 at 7:25 am (local time). It has also been reported that Sherpa Rita had climbed Mt Everest, twice last year.

card game is helping investment agencies in China stay afloat as US investment towards the world's second-largest economy led by President Xi Jinping, keeps falling through the cracks due to a recent executive order by current US President Joe Biden. The executive order signed by US Prez Biden back in August 2023, restricts American investment in China in significant sectors including artificial intelligence, quantum computing and other technology-based services. This has led to a void for Chinese companies and investment agencies as they are looking at raising funds to keep themselves afloat as the US investments keep pulling out. However, card game, Guandan, also known as 'throwing eggs' has come to the rescue of the Chinese, according to an NBC report.

The Voice" season 25 semi-final will be aired on Monday night. Ahead of the semi-final, makers of show have announced that legendary rapper Snoop Dogg and Michael Bublé will join «The Voice» as coaches in the season 26.

Kingdom of the Planet of Apes' has become the lifesaver of the box office in North America after reporting a record grossing during its opening weekend here, which was a needed surge to an otherwise uncertain season that has seen a fair share of ups and downs this year.

Bitcoin mining firms are scaling back the use of their computer fleets after industry revenues crunched substantially last month, according to a May 13 Coinshares report.

Park Avenue Securities has unveiled a new division aimed at strengthening its emphasis on its wealthy clientele’s financial well-being.

ALSO READ: Wall Street today: US stocks rise as investors eye inflation data “This tender offer reflects our confidence in the future outlook of our business, the strength of our commercial product portfolio and our clinical development pipeline and Incyte’s long-term value. We believe the current valuation of Incyte stock makes repurchases of our stock an attractive investment and an opportunity to enhance long-term shareholder value," said Hervé Hoppenot, chief executive officer, Incyte Corp.

Gold price declines ahead of US inflation data, silver gains marginally The previous session also saw a lift in oil prices to a one-week high, supported by reports of increased crude oil imports in China during April. Furthermore, investors interpreted the cooling U.S.