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Pashupati Advani, Founder, Global Foray, says: “I have not liked IT generally because I think that the whole sector is in disarray because the business models are changing. AI is coming and the main profit is going to go to the big American companies rather than spread to the rest of the world. I am excited about infrastructure. So, look at the construction companies, all the cement, steel companies because roads are being built, buildings are getting finished and tunnels are being made.” The entire basket of broking, AMCs, financial market ancillaries, the exchanges, CDSL, etc, they all have been doing quite well and, of course, there is a fundamental tailwind to it. But the question becomes, when does it price it in? What do you see of the valuations there and what is the top recommendation from this pack? Pashupati Advani: The pack is doing well because as more and more people get involved in the markets and we are seeing that, there is obviously going to be returns to all the big players and certainly it is big players. The other thing is that there seems to be some consolidation in the space and some of the smaller players are closing shop and moving into the fold of the bigger players which is also helping the earnings.

direct tax collections surged by 17.7 per cent year-on-year to Rs 19.58 crore in the fiscal year ended March 2024 and exceeded the revised estimates by Rs 13,000 crore, according to the tax department. While gross direct tax collections (provisional) for the FY 2023-24 rose 18.48 per cent to Rs 23.37 lakh crore, net proceeds (after accounting for refunds) surged 17.7 per cent to Rs 19.58 lakh crore, reflecting buoyancy in the economy and rise in income levels of individuals and corporates. Refunds aggregating to Rs 3.79 lakh crore have been issued in FY 2023-24, the CBDT said in a statement.

OpenAI’s early funders, sued the company and chief executive officer Sam Altman in March, saying it had breached its founding promise to build responsible artificial intelligence when it entered into a partnership with Microsoft Corp. “Years ago, plaintiff Elon Musk abandoned OpenAI when his bid to dominate the venture failed," OpenAI’s lawyers said in a court filing asking for the suit to be dismissed. “Now that he has launched a competing artificial intelligence company, Musk seeks to leverage the success OpenAI has achieved and to direct OpenAI’s affairs for his own commercial benefit." OpenAI’s lawyers also refute Musk’s claim that the company promised not to monetize its technology, saying the billionaire CEO of Tesla Inc.

A survey of recruiters, talent acquisition specialists and human resource professionals show 39% of the respondents are most worried about malpractices by candidates during online assessments; the next biggest anxiety (37%) is over finding the right candidate for a role.

PTI. As per reports, Sabita is undergoing treatment at the Dhanbad Medical College Hospital. Reportedly, the couple were travelling from Bihar to Chittaranjan in West Bengal.

Sato? According to a recent study, by 2531, everyone in Japan will have 'Sato' as their surname. The reason is that because of a civil law adopted in the late 19th century, married couples must share the last name. Conducted by Hiroshi Yoshida, a professor of economics, the study has projected that in 500 years, everyone in Japan will be called Sato-san, 'san' being the Nippon honorific equivalent to the Hindi 'ji'. 'If everyone becomes Sato, we may have to be addressed by our first names, or by numbers. I don't think that would be a good world to live in,' said Yoshida-san. Currently, Sato is the most common Japanese surname, equivalent of the Anglo-Saxon 'Smith', and according to a 2023 finding accounts for 1.5% of the total population, followed by Suzuki. As the latest study was published on April 1, it was taken to be an April Fool's prank on social media. But Yoshida-san doesn't consider the Sato-isation of Japan a joke. 'A nation of Satos will not only be inconvenient, but also undermine human dignity.'

In India, gold prices vary by city thanks to several factors such as taxes, shipping costs, purity standards, and local demand and supply. Also read:

Time and tide wait for no man. But boy, is there a tide in the affairs of some men who wait to know every aspect of your time. 'How long are you planning to stay?' has to be in the same league of pointless questions as 'How does the defendant plead?' and 'Bhaiyya, these veggies are fresh, right?' It has the additional virtue of being downright rude. There is a certain candour, even chutzpah, when someone — usually an elderly relative, or a friend of the same age-group — asks things like 'How much is your 'take home'?' or 'What rent do you pay for this place?' I have fobbed off these Buland Darwaza-prying inquiries from non-Enforcement Directorate folks by either shrugging and ho-humming back with 'Oh, it's okay', or 'Some more papad, uncle?' But when faced with those persistent questions about one's itinerary and schedule, the ripostes trip less thick and fast off one's tongue. 'Spacetime' questions outside astrophysics are fundamentally conversation fillers, literally time-pass queries, like talking about the weather (unless you were in Dubai, or went out to vote last week). It also uses time — or, more accurately, temporality — as a crutch to hobble along a tete-a-tete that, unbeknown to the intrusive questioner, is as offensive as the Viet Cong's Tet one. As far as social etiquette goes, 'How long will you be there?' is on a par with asking a lady not just her age, but how long it is till she hits menopause.

Reliance Industries Ltd (RIL) is expected to report healthy numbers for the quarter ended March 2024, driven by robust O2C business and healthy growth in the consumer-facing businesses of Jio and retail. The company will announce its quarterly numbers on April 22 and the Board will also consider approving a dividend for FY24.

Shish Industries announced their Q4 FY24 results on 18 Apr, 2024, showcasing a strong performance with a 24.62% year-on-year increase in revenue and a notable 31.73% rise in profit. Despite a 4.16% decline in revenue compared to the previous quarter, the company managed to achieve a significant 100.01% increase in profit during Q4 FY24.

Ovarian cancer has claimed the life of a popular social media influencer. Surbhi Jain succumbed to cancer after a long battle. She was 30. Jain, who commanded a following of 51.9K followers on Instagram, was well-known for her fashion and make-up tips. She also gained popularity as a cancer warrior. Her last Instagram post showed Jain in a hospital bed, with closed eyes, undergoing intravenous treatment. She apologised to her fans for not sharing a health update sooner and revealed that her health condition had taken a turn for the worse, and for the past two months she had been confined to the hospital. “I know I haven’t updated you all about my health which feels wrong seeing the number of msgs I am getting about it every day. But Things haven’t been keeping too well. So there isn’t much to share. Past 2 months I have spent mostly in the hospital. There have been some complications because of which my food has also been stopped for the past 1 month and I have a tube attached to my nose. So I am on continuous IV. Treatment is going on, It’s difficult and I just want all this to end..” she wrote.

inflation to the 4% target on a durable basis,” Reserve Bank of India (RBI) Governor Shaktikanta Das said in the minutes of the rate-setting panel’s last review meeting.

Student loan debt is causing borrowers to put financial goals on hold, even as expanded forgiveness and repayment options offer help to some.

Zomato has received a tax demand and penalty order of Rs 11.82 crore related to GST on export services provided to its subsidiaries located outside India from July 2017 to March 2021. The order was passed by the Additional Commissioner, Central Goods and Services Tax, Gurugram, raising the GST demand of Rs 5,90,94,889, with applicable interest (not quantified) and penalty of Rs 5,90,94,889. «We believe that we have a strong case on merits, and the company will be filing an appeal against the order before the appropriate authority,» Zomato stated in a regulatory filing late evening on Friday.

FPIs have turned net sellers not just in the Indian equity market but also in the debt market for the first time since March last year. «A major trend in FPI activity this month is that FPIs have turned sellers into debt after sustained buying for several months. In April through 20th, FPIs sold debt worth Rs 12,885 crore. This again is the consequence of the rising US bond yields and the concern regarding rupee depreciation,» said Dr. V K Vijayakumar of Geojit Financial Services.

DK Shivakumar for allegedly threatening voters to vote for Congress in exchange for Cauvery water supply. An FIR has been lodged against Deputy Chief Minister DK Shivakumar for violating the MCC while addressing apartment owners in RR Nagara, according to ANI. The action comes after the BJP filed a complaint with the EC, alleging that Shivakumar violated the moral code of conduct.

Punjab Kings and Gujarat Titans will be desperate to arrest the slide and get back to winning ways in their Indian Premier League match here on Sunday. Former champions GT have slipped to eighth position in the pecking order after an embarrassing loss to Delhi Capitals at home, where they were bowled out for 89 to suffer their third defeat in four matches. PBKS are struggling in the ninth place following a nine-run loss to Mumbai Indians away on Thursday night, the margin of defeat made respectable by an incredible rearguard act by the in-form young duo of Ashutosh Sharma and Shashank Singh after the team was tottering at 14/4 in a chase of 193. Five losses and two wins in seven outings hardly inspire confidence and irrespective of the fact that their upcoming opponents are also struggling to get their act right, PBKS will have their task cut out in front of their fans, who had little to cheer about so far this season at the newly-inaugurated home venue.

Buy or sell stocks: Following weak global market sentiments on rising fears of the Iran-Israel war, the Indian stock market snapped its four-week winning streak. The Nifty 50 index ended 1.65 percent lower in the week gone by at the 22,147 mark, the BSE Sensex logged a weekly loss of 1.56 percent and finished at 73,088 level while the Bank Nifty index lost 2.65 percent last week and closed at 47,574 mark. In the broad market, the small-cap index finished 1.73 percent lower last week whereas the mid-cap index corrected over 3 percent in the truncated week.

The Ranveer Show, Uthappa said, "He is a guy who has got the calibre and potential to be an all-time great for Indian team. He was let go by the team which discovered him, he went to another franchise. After winning 3-4 titles with them, he left.

Surana Solar announced their Q4 FY24 results on 18 Apr, 2024, revealing a significant decline in revenue by 49.59% compared to the same period last year. The company incurred a loss of ₹0.15Cr in Q4 FY24, in stark contrast to the profit of ₹0.25Cr reported in the previous fiscal year for the same period.

North Korean state media said the country's missile administration on Friday conducted a “power test" for the warhead designed for the Hwasal-1 Ra-3 strategic cruise missile and a test-launch of the Pyoljji-1-2 anti-aircraft missile. It said the tests attained an unspecified “certain goal." ALSO READ: North Korea scraps economic cooperation with South Korea amidst sharp deterioration in ties Photos released by the North's official Korean Central News Agency showed at least two missiles being fired off launcher trucks at a runway.