Rights Financial News

For many people, tax season isn’t only about gathering W-2 forms or calling an accountant

Momofuku, a food and restaurant brand started by chef David Chang, says it won’t defend its trademark on the name “chile crunch” after it sparked an outcry by sending cease-and-desist letters to other businesses using the term

Sahith Theegala, in his second Masters, and Akshay Bhatia, in his first are learning this enduring characteristic of Augusta National one painstaking hole at a time. The American Indian train is chugging along nicely, driven mainly by the steely determination of these two young men, but a big impression might have to wait at least another year. On Saturday, both Sahith (6-over 222) and Akshay (221) made 74, clawing their way around the course riding their stellar temperament. The 18th hole was a suitable sample for the kind of spirit that has pervaded Sahith’s journey this week.

Bryson DeChambeau and Scottie Scheffler. As many as seven golfers exchanged the lead on a roller coaster day, even as the Sun shone brightly over Augusta. In the end though, there was just one possible outcome, or so we learnt. Scheffler, the irrepressible world No.1 survived a midround stumble to work his way back to the top of the leaderboard. Nothing else has felt more certain this week. A 71 was enough to hoist him to the top at 7-under 209. Scheffler has momentum and history supporting his claims for a second Green Jacket. As many as 28 of the last 33 Masters champions started Sunday in the final group (according to Justin Ray of the sports intelligence outfit, Twenty First Group). The first win at Augusta had also come to Scheffler when he slept on the 54-hole lead in 2022. The world No.1 was quickly up by two with birdies at the first and third holes. A double bogey at the tenth was his biggest stumble on the day. He fired his iron too hot, sending the ball rolling 27 yards behind the pin. Scheffler sent his third 60 feet past the flag, eventually taking a six. At the eleventh, once again from the middle of the fairway, as he was on the tenth, Scheffler left his approach just short of the green. He fell back to four under, caught in the vortex of a downward spiral.

Ambedkar Jayanti 2024: April 14 marks the birth anniversary of Dr. Bhim Rao Ambedkar, affectionately known as Babasaheb Ambedkar, revered by his followers as a champion of justice and equality. Each year, this occasion is commemorated not only by government officials and politicians but also by countless admirers both within India and around the world. Dr. Ambedkar's legacy is deeply intertwined with the Constitution of India, which he played a pivotal role in drafting to secure the rights of marginalised communities, particularly Dalits. Among the many provisions of the Constitution, Dr. Ambedkar held one article in particular as paramount — Article 32. In the constituent assembly debates, he described it as the «heart and soul» of the Constitution, without which it would be rendered meaningless. Article 32 ensures the enforcement of Fundamental Rights enshrined in Part III of the Constitution, including the right to equality, life, and freedom from discrimination. This article empowers citizens to directly approach the Supreme Court if their Fundamental Rights are violated or not being upheld. It serves as a safeguard against legislative encroachment on these rights, ensuring that they are not suspended except as provided by the Constitution itself. Article 32 is not only integral to the basic structure of the Constitution but is also considered a Fundamental Right in itself.

Lok Sabha Elections 2024 will help empower youth, women, poor and farmers of the country and help India in its roadmap for ‘Viksit Bharat’ (Developed India), said Prime Minister Narendra Modi after unveiling BJP's manifesto on Sunday. 1) In the national interest, BJP doesn't walk away from taking 'bade' and 'kade' decisions. For us, the country is bigger than the party..." 2) “Work on BJP's 'Sankalp Patra' will begin immediately after the June 4 results.

BJP), released its eagerly awaited manifesto — Sankalp Patra — on April 14. In its long list of promises, the party pledged to implement the Uniform Civil Code (UCC) if it returns to power after the upcoming General Elections. «We will move forward with a resolve to realise the idea of One Nation, One Election. BJP also considers the Uniform Civil Code (UCC) equally necessary in the interest of the country,» said Prime Minister Narendra Modi during the launch of the party's poll pitch. The saffron party in its manifesto said: «BJP believes that there cannot be gender equality till such time Bharat adopts a Uniform Civil Code, which protects the rights of all women, and the BJP reiterates its stand to draw a Uniform Civil Code, drawing upon the best traditions and harmonising them with the modern times.»

Mukul Kochhar, Head, Institutional Equities, Investec Capital Services, says: “Recommending clients to be overweight on autos and financials and are very bullish on pharma as well. We continue to find ideas and it is possible to put money at work even in this market.” Kochhar says: “Positive both on PSU banks and private banks depending upon their story and the valuation that they are trading at.” When you are speaking with your peers on the buy side, what is the market mood? Are they finding it difficult to locate opportunities in the market or not really? Are largecaps still providing comfort? Mukul Kochhar: When you are putting capital at risk, it is always difficult. Moreover, last year was fairly solid, especially in the midcap side, with 58% gain. Largecaps also were fairly solid performers last year. So, we are coming off a very strong year and therefore a little bit of trepidation. But some sort of difficulty in putting money at work is very normal. But having said that, given the context of the strong last year, you are seeing this volatility. There is some nervousness hence.

Donald Trump on Saturday blasted President Joe Biden over Iran's major attack on Israel, alleging that his rival in November elections showed American «weakness» in the Middle East. «God bless the people of Israel. They are under attack right now. That's because we show great weakness,» he said at a campaign rally in Pennsylvania.

Bournvita and other beverages should not be called health drinks because the category isn’t defined in the country’s food laws. “All ecommerce companies/portals are hereby advised to remove drink/beverages including Bournvita from the category of ‘health drinks’ from their sites/portals,” the commerce and industry ministry said in a notification. Cadbury Bournvita, the country’s most popular malted drink, had found itself in a controversy last year after a social media influencer alleged that the drink has high sugar content.

David Chang, said it won't defend its trademark on the name “chile crunch" after it sparked an outcry by sending cease-and-desist letters to other businesses using the term. Momofuku started selling its Chili Crunch product in 2020, a crunchy spicy oil with dried peppers and other ingredients like sesame seeds and garlic. It's a riff on Chinese condiment chili crisp and other similar products from other countries.

Dividend Stocks: Shares of companies such as Schaeffler India, Gujarat Toolroom, among others will trade ex-dividend in the coming week, starting from Monday, April 15. Along with these, some other firms will also trade ex-split, and ex-bonus, according to data on the BSE. The ex-dividend date is the day on which the equity share price adjusts to reflect the next dividend payout.

Top News of the Day: On 13 April, a series of events are set to take place right from politics to business. The CBI registered a case against Megha Engineering regarding alleged corruption in the execution of a ₹315 crores project for NISP.

Israel is panicking over a possible retaliatory response from Iran after a strike in Syria which killed members of its Revolutionary Guards. «It has been a week that the Zionists are in complete panic and are on alert,» Yahya Rahim Safavi, senior adviser to Ayatollah Ali Khamenei, was quoted as saying by the ISNA news agency.

Kukis and Meitis may be at loggerheads in Manipur but their thoughts on one point converge — this is not the right time for Lok Sabha elections in the restive state. It has nearly been a year since ethnic violence broke out between the hill-majority Kukis and the valley-majority Meitis. It has not only killed over 200 people and displaced around 50,000 but also sharply divided Manipur along ethnic lines. Elections for two Lok Sabha seats in Manipur will be held on April 19 and 26. While Inner Manipur and some segments of Outer Manipur will vote in the first phase, the remaining segments of Outer Manipur will go to polls on April 26. Living separately and refusing to co-exist in future, many members of both Kukis and Meitis communities ask — why elections at this time and what difference will they make?

Rahul Gandhi on Saturday said if his party is voted to power at the Centre, it will immediately conduct a caste census in the country. Addressing an election rally at Bastar village Chhattisgarh's Bastar district, he described the upcoming Lok Sabha elections as a fight between two ideologies involving those seeking to protect the Constitution and those out to destroy it. He also attacked the Narendra Modi-led government and said President Droupadi Murmu was prevented from attending the consecration of Ram temple in Ayodhya as she is a tribal, and it reflects the Bharatiya Janata Party's mentality. The rally was held in support of Congress' candidate from Scheduled Tribe-reserved Bastar Lok Sabha seat Kawasi Lakhma.

Omar Abdullah on Saturday said Manmohan Sigh was a true statesman and that Narendra Modi, at some stage, will have to start thinking about the kind of legacy he leaves behind. In an interview with PTI Videos, Abdullah, who is contesting the Lok Sabha polls from north Kashmir Baramulla constituency, said it was obvious that the Centre was using the probe agencies under it against the leaders of the opposition parties. «It is not apparent, it is obvious. When 95 per cent of the cases that are being investigated or charged by the Enforcement Directorate are against (opposition ) political leaders and political parties, that tells you. »At some point, the PM will start looking at his legacy. Right now, I think his aim is to be a PM for longer than Jawahar Lal Nehru. Once that aim is met, then, none of us get younger, we all get older. There comes a time when we have to leave the stage. I have no doubt that somewhere in the back of his mind, the PM will start thinking about what sort of a legacy he wants to leave," Abdullah said.

When ChatGPT first came out, a lot of people in the investment banking industry felt that one of the most human and relatable things about it was its tendency to make something up when it didn’t know the answer.  Knowing when to admit ignorance and when to waffle is one of the higher level skills of the industry, after all.  A banker who never says “I don’t know; I’ll research it and get back to you” like Patrick Biggs at Morgan Stanley, is almost certainly a BS merchant who will blow up in the long term. 

Citi has finished stage one of its20,000 job cuts and it seems to have been more zealous than planned. 

There are some things people can say which are presumably meant to sound reassuring but just aren’t. An example familiar to bankers might be “there are no planned redundancies at present” or “we are not experiencing trouble finding liquidity”. 

Bournvita from the category of ‘health drinks’, on their portal and platforms. “National Commission for Protection of Child Rights (NCPCR), a statutory body constituted under Section (3) of the Commission of Protection of Child Rights (CPCR) Act, 2005 after its inquiry under Section 14 of CRPC Act 2005 concluded that there is no ‘health drink’ defined under FSS Act 2006, rules and regulations submitted by FSSAI and Mondelez India Food Pvt Ltd,” said a notification from the ministry dated April 10. The advisory follows an inquiry by the NCPCR, which revealed that Bournvita contains sugar levels exceeding the acceptable limits.