Schools Financial News

Tata Consultancy Services (TCS) beat quarterly revenue estimates. The Sensex rose by 622 points (0.78%) to 80,519, while the Nifty increased by 186 points (0.77%) to 24,502. Meanwhile, the total market capitalization of BSE-listed companies grew by Rs 1.18 lakh crore to Rs 452.36 lakh crore, although the market breadth favored the bears.

rainwater harvesting pits in a rubber plantation in Kerala's Kannur district, MGNREGS struck gold on Friday when they unearthed a mud pot containing gold and silver coins and ornaments, reported ToI. However, the quest for treasure did not end there. On Saturday morning, five more silver coins and two gold ornaments were recovered from the same spot, the report said further. Details of treasure:

There are many businessmen who have a stake in India's fast-growing sports industry, but a very few with as varied a portfolio as that of Parth Jindal, founder and director of JSW Sports. A sports aficionado, Jindal says he is into it for a dream — a dream to see India becoming a force in the world of sport. Delhi Capitals may be the shiniest of all assets in his possession, but it is the Inspire Institute of Sport (IIS) in Bellary, Karnataka, that is his favourite. The sprawling 42-acre facility is an example of personal initiative and collective growth. With the help of over 30 corporates, the facility, in just seven years of its existence, has helped produce multiple champions in Olympic sports. Jindal, founder of IIS, spoke with AMIT CHAUDHARY about his vision, the challenges of securing corporate funding, CSR, looking beyond medals, and more. Excerpts: What was the vision when you decided to start this centre? How has that vision evolved over the years? The vision was to be the preeminent high-performance centre in India for Olympic sports, to work at the grassroots level and create Olympians who can win medals for the country across five sports disciplines — boxing, wrestling, judo, track and field and swimming. We started supporting athletes from 2012 and started building this centre in 2014. Obviously our first medal was Sakshi Malik in the 2016 Rio Olympic Games and then Neeraj [Chopra] and Bajrang [Punia] in the 2020 Tokyo Olympics.

2024 US Presidential Election allowing Vice President Kamala Harris to replace him as the Democrat nominee? If media reports are to be believed, first lady Jill Biden does not want her husband to let this opportunity go to his deputy for a personal grudge. According to 'Radar Online', Jill Biden disliked Kamala Harris when she slammed Joe Biden in the 2020 Democratic primary debates, during which the former California senator criticized Biden for his stance on mandatory busing for school desegregation. This provoked Jill so much that she reportedly expressed her disdain in the most unequivocal terms. 'Radar Online' reports that Jill Biden allegedly used an abusive word for Harris during a conference call with supporters, venting her frustration over her.

Circle has awarded $5,000 scholarships to 10 graduating Northern California high school seniors interested in learning about cryptocurrencies and blockchain.

ONDC) is expecting 30 to 40 million monthly transactions through the platform by March 2025, its CEO T Koshy said on Wednesday. The open network witnessed 10 million transactions in June, up from over 7 million in March. «In March (2024) it was 7 million plus transactions. Now in June we had 10 million transactions and I think by the end of the fiscal year it should be 30 to 40 million (monthly) transactions,» Koshy said at a CII event here.

Elon Musk wants to dismiss a lawsuit by former Twitter shareholders who said he waited too long in early 2022 to reveal his large ownership stake in the social media company, saying «all indications» show his delay was a mistake. In a late Wednesday night filing in Manhattan federal court, Musk called it implausible to believe he wanted to defraud shareholders who didn't know he had taken a 9.2% Twitter stake, and missed out on big gains because they sold their own stock.

A union strike launched by railway employees has stopped trains across Sri Lanka

Release Date 'Elite,' a Spanish series on Netflix, is set to release its eighth and final season on July 26. The show, which started in 2018, follows three working-class students attending an elite high school on scholarships and their interactions with their wealthy classmates.

Elon Musk's artificial intelligence startup xAI and tech giant Oracle have ended talks on a potential $10 billion server deal, The Information reported on Tuesday. The startup and Oracle have ended talks to expand an existing arrangement under which xAI has been renting Nvidia's AI chips from the cloud provider, the report said, citing several people involved in the talks.

IIM Shillong and the Asian Institute of Technology (AIT), Thailand with an aim to foster collaboration between the two institutions, enhancing academic and cultural exchanges through mutual support, specifically focusing on teaching and research endeavour. The signing ceremony was attended by Prof. D.P. Goyal, Director of IIM Shillong, and Prof. Nitin K. Tripathi, Acting Vice President for Academic Affairs at AIT. Other dignitaries from IIM Shillong included Prof. Naliniprabha Tripathy, Dean of External Relations, and Dr. Teidorlang Lyngdoh, Chair of External Relations. AIT was represented by Dr. Roger Levermore, Vice President for Development and Dean of the School of Management (SOM); Dr. Sumana Shrestha, Director of International Affairs at the Office of International and Public Affairs (OIPA); Sanjeet Amatya, Director of Public Affairs at OIPA; and Zia Islam, Executive Assistant to the Dean and Coordinator at the Dean’s Office, SOM.

The California Civil Rights Department in filings in state court accused the tech giant of retaliating against its California-based employees who used parental, disability, pregnancy and family-care leave since 2017 by denying them raises, promotions and stock awards.

National Stock Exchange of India Ltd (NSE India) has appointed Amber Gupta as senior vice president and head of legal. An alumnus of the University of Lucknow and also a member of the Institute of the Company Secretaries of India (ICSI), Gupta was head of corporate legal, company secretary and compliance officer at the Aditya Birla Capital before joining the stock exchange.

Singapore investor Temasek expects India's growth to remain firm over the next two years, driven by infrastructure-led capital expenditure, and a recovery in private consumption.Temasek on Tuesday reported an SGD 7 billion rise in its Net Portfolio Value (NPV) to SGD 389 billion for the financial year ended March 31, 2024, mainly driven by gains to the US and India investments. India has continued to see strong economic momentum alongside improving macro and political stability, the company said in a statement.

Pankaj Tibrewal, Founder & CIO, IKIGAI Asset Manager, says that we need to navigate the next 12 to 18 months with caution and that IKIGAI should be a risk manager instead of a fund manager as managing risk in the portfolio will be extremely important because the earnings growth has started to slow down. Last year, NSE 500 companies delivered 30% earnings growth. But in FY25, that earnings growth should come down to between 13% and 15% for the NSE 500 universe. What are you making of the market construct? For the last eight days, FIIs have been buyers and that is reflected in the way some of the banks and the IT names too have been performing. Pankaj Tibrewal: Our view is that in this raging bull market, the reliance on narratives and myths is increasing rather than focusing on fundamentals, valuations, and numbers.

intelligence capital of the world powered by accelerated computing and its skilled manpower, said Vishal Dhupar, managing director for South Asia at Nvidia. The global AI chip giant aims to help bring the required AI infrastructure to the country enabling it to build AI in a sovereign manner, which could even make India a net exporter of intelligence rather than an importer, Dhupar said.

India is one of the most active countries for Threads, which has notched over 175 million monthly active users globally, according to social media giant Meta. The update assumes significance as it marks the completion of nearly one year since Meta officially launched rival to Twitter (now X). «With a 175 million actives, we're seeing Threads become a place where people feel comfortable sharing their thoughts and ideas. India is one of the most active countries for Threads globally,» Meta said in a release.

Tesla shareholders will appear in court on Monday to argue that an unprecedented request for more than $7 billion in attorneys' fees to be paid by the company is «outlandish,» the latest twist in a legal showdown over Musk's $56 billion pay package. The record fee request was made by investor Richard Tornetta on behalf of three law firms that represented him, including Bernstein Litowitz Berger & Grossmann. Tornetta owned nine shares of Tesla when he sued over Musk's pay package of stock options in 2018, a legal battle he ultimately won in January when the package was voided.

«So, the way broader market is participating, sectorial rotation is happening, now the IT is on the front seat for this rally, so the way market is doing the sector rotation that is clearly giving us confidence that ahead of budget maybe we can see further higher level towards 25,000 level also,» says Rajesh Palviya, Axis Securities. Nifty at 24,500, over the beginning of the week these levels seemed difficult to reach but now see where we have closed for the week. So, first question to you is do you think this rally that we have seen is sustainable going before the budget, do you think we could see these kind of moves leading all the way to the budget and second I also want to get your view on what Nifty IT is doing because it is at a four-month high this week, so what are your levels that you are watching out for both Nifty as well as Nifty IT. Rajesh Palviya: Yes, we believe that this momentum can extend further towards the budget, the way short covering action has been there in most of the call writers for 24,500, 24,550, even 24,600 strike so that is clearly showing us that this rally can extend further and possibly we may see a target towards 24,800 to 25,000 also ahead of budget because whatever minor dip which we have witnessed in this week that was again the fresh buying action has been there in the market and only we have seen a 200 point kind of dip in the market and then again now we are back to all-time high trajectory for the Nifty.

Cybercrime gangs are looking to rebuild with new tactics after global police operations this year made a huge dent in their activities, experts have told AFP. The gangs have had a bad year so far, with law enforcement operations taking out some of prominent groups including LockBit, a loose network of largely Russian-speaking cyber criminals.

Nifty 50 and Bank Nifty indices ended in the green. The Nifty 50 gained 1.3% to close at 24,323, while the Bank Nifty rallied 0.61% to settle at 52,660. Overall, the Indian equity market is likely to remain positive in the coming week as well, supported by strong Q1 updates.