Social Financial News

The global market has exploded for drinks that promise to do more than just taste good

After reporting dismal first-quarter sales, Tesla is planning to lay off about a tenth of its workforce as it tries to cut costs, multiple media outlets reported Monday

Tax Day reveals a major split in how Joe Biden and Donald Trump would govern: The presidential candidates have conflicting ideas about how much to reveal about their own finances and the best ways to boost the economy through tax policy

Navi Mumbai has become the latest victim of cyber fraud, losing a substantial sum of Rs 45.69 lakh in a share trading scam, as revealed by an official statement on Tuesday. The victim, whose identity remains undisclosed, was reportedly approached by a group of cyber criminals through various social media platforms. These individuals, promising lucrative returns, convinced the victim to invest in share trading between March 2 and April 14. Despite investing nearly Rs 45.69 lakh during this period, the victim failed to receive any returns on the investment, leading to significant financial repercussions. In response to the victim's complaint, the cyber police station has taken swift action, registering a First Information Report (FIR) against five suspects. The charges include «cheating» under Section 420 of the Indian Penal Code and «criminal breach of trust» under Section 406, among others. Law enforcement authorities are actively pursuing the case, employing various investigative techniques to identify and apprehend the accused.

ISB PCPDM: Navigating the digital marketing landscape The Post Graduate Certificate Program in Digital Marketing (PCPDM) offered by ISB provides participants with a comprehensive understanding of digital marketing fundamentals, strategies, and tools. Through a blend of theoretical insights and hands-on exercises, participants learn to leverage digital channels such as social media, search engine optimization (SEO), and email marketing to drive brand awareness, customer engagement, and conversion.

BJP and BRS in Telangana have claimed that the announcement of Rs two lakh farm loan waiver by Chief Minister A Revanth Reddy is a result of their agitations demanding it and sought to know when the other promises of ruling Congress government would be fulfilled. Taking on the Congress government, BJP Rajya Sabha member K Laxman on Tuesday asked why should people vote for Congress in the Lok Sabha elections when promises like investment support of Rs 15,000 to farmers and financial assistance of Rs 12,000 to agriculture workers have not been implemented. Addressing reporters here, Laxman also took exception to Revanth Reddy's charge that there was a clandestine understanding between BJP and BRS. BRS MLA T Harish Rao claimed that the CM made the announcement to waive farmers' loans before August 15 only with an eye on the Lok Sabha polls.

Also Read: Research well before borrowing from digital lending apps, says Madhusudan Ekambaram of KreditBee As the regulatory body progresses towards eliminating illegitimate lending apps, it's equally important for you to remain vigilant and detect fake lending apps independently. Here are some tips to help you identify and avoid illegitimate lending apps: The Reserve Bank of India (RBI) has stringent guidelines for fair lending practices. Legitimate lending apps or Loan Service Providers (LSPs) adhere to these regulations.

Rajeev Chandrasekhar slams Sam Pitroda over Ram Mandir remark, says it represents Rahul Gandhi's thinking Describing the similar political atmosphere in the developing and developed countries, Sam Pitroda said, “So I have friends in many of these countries, and I believe the problems are very similar. The authoritarian regimes are getting more attention, institutions are bending, they are losing their independence.

Nike unveiled its designs for the new Team USA track and field uniforms for the Paris Summer Olympics and some current and former athletes are not happy, to say the least.

Last week, the economics division at the ministry of finance in India invited Professor Mike Hulme at the University of Cambridge to share his views on climate change. In 2007, he received a personalized certificate from the Intergovernmental Panel on Climate Change (IPCC), recognising his contribution to the (joint) award of the 2007 Nobel Peace Prize to the IPCC. His recent work, Climate Change Isn’t Everything piqued my interest, and I read it.

Vidya Bala, Co-Founder, PrimeInvestor.in, says “in terms of sectors, we are looking more keenly in sectors like consumption in pockets, not the traditional FMCG but more some of the discretionary spending spaces. We are also looking at the banking and financial space which did not participate last year. Three key factors – credit, e-commerce and social media enablers – will democratise purchasing power and with that, players like Jio Finance are very well placed to capitalise with the kind of obvious breadth that they have. You could call these dark horse bets. But again, in a market that is brimming with confidence, it is very hard to say otherwise. A corrective phase is when you sit back and decide whether you can handle these kinds of stocks.” What is your market outlook? Where are you investing right now? Vidya Bala: At this point in time, we would call ourselves being cautiously optimistic.

stock price for Donald Trump's social media company slid again Monday, pushing it more than 66% below its peak set late last month. Trump Media & Technology Group closed down 18.4% at $26.61 as more of the euphoria that surrounded the stock fades. It's a sharp comedown since nearing $80 after the owner of Truth Social merged with a shell company to get its stock trading on the Nasdaq under the symbol «DJT,» for Trump's initials.

Arun Govil, BJP's Lok Sabha candidate from Meerut, discussing potential changes to the Constitution, has stirred controversy. Responding to allegations that the Modi government plans to alter the Constitution, Govil emphasized the evolution of the Constitution over time and the need for consensus for any changes. A video has gone viral on social media in which he can be seen talking about the Constitution. Answering a question by a reporter on the opposition's allegation that the Modi government will change the Constitution after coming to power again at the Centre, Arun Govil said, «The Constitution has witnessed changes over a period of time. Change is a sign of development. It's not a bad thing. Situations were different at that time; the current situation is different, so if changes are to be made… The Constitution doesn't change with one person's intention. It can be changed with everybody's consensus. If anything happens...» he can be heard saying in the viral video. This statement has prompted reactions from various political figures, including AAP leader Sanjay Singh, who accused the BJP of intending to undermine the Constitution.

Narendra Modi described his roadshow last night in Mangaluru as «memorable», and his public meeting in Mysuru, during which he shared the stage with former prime minister H D Deve Gowda, as «phenomenal». During the public meeting on Sunday evening at Mysuru's Maharaja's College ground, Modi also met Arun Yogiraj, the sculptor of the Ram Lalla idol consecrated at Ram Mandir in Ayodhya. Pictures of him Yogiraj greeting the prime minister has gone viral on social media.

Shiv Sena (UBT) leader Sanjay Raut on Monday questioned the source of income of the charity organisation controlled by Maharashtra Chief Minister Eknath Shinde's son and MP Shrikant Shinde, saying the funds could have been misused for political gains. The Shiv Sena led by Shinde dismissed the allegations, saying the Foundation has undertaken numerous developmental works and provided financial assistance to the needy. Raut said he had written to Prime Minister Narendra Modi and state Home Minister Devendra Fadnavis about the foundation. «We will try to file a case through ED or CBI,» he added. He also claimed the information on the source of funds and expenses of the organisation sought under the RTI query was not disclosed by the Maharashtra Charity Commissioner's office, apparently due to political pressure.

Supreme Court and high courts penned a letter to the Chief Justice of India, expressing deep concerns over what they perceive as mounting efforts to erode the credibility and independence of the judiciary. In their missive, the retired justices address the «escalating attempts by certain factions to undermine the judiciary through calculated pressure, misinformation, and public disparagement,» highlighting the gravity of the situation at hand. «These critics are motivated by narrow political interests and personal gains and are striving to erode public confidence in the judicial system,» they said. Though the retired judges, including four from the Supreme Court, did not specify the incidents which prompted them to write to the CJI, their letter came amid a war of words between the ruling BJP and opposition parties over the actions against some opposition leaders in corruption cases.

Alia Bhatt and Ranbir Kapoor, on Sunday, marked their second wedding anniversary with a heartfelt social media post that gave a glimpse into their life together. The couple, known for their chemistry both on and off-screen, exchanged vows on April 14, 2022, in an intimate ceremony that captivated fans worldwide.

We were talking about how things have changed for the better, with many middle-aged people making independent choices about their lives, time, money and interests. The conversation shifted to social media posts that show middle-aged people learning music and dance, art and sport, and about how they travel and tour, feeling free to pursue their old and new interests. As is my wont, I see all of this as some measure of easing up with money. It takes a sense of security about money to let go of fears, apprehensions and worries about the future, and focus more on the present. There has to be a shift from scarcity mindset to generosity mindset to be willing to spend, to be positive about new things and focus on oneself without guilt. There is enough for everyone; everything is plentiful now and shall be in the future; and there is no need to suffer and be a martyr. That feeling is liberating.

HDFC Bank shares, the FII ownership falls, MSCI doubles the weight of the bank in the indices, forcing many FIIs/ETFs/index funds and funds following the benchmark to buy. If you don’t sell, MSCI does nothing, and there is no additional buying’.” Can you understand what is happening here? MSCI is an American company that runs many stock market indices, which are followed by global investors. MSCI periodically adjusts the weightage of stocks in its indices based on factors like the free float. In this instance, Arora creatively uses a movie dialogue to explain the dynamics with HDFC Bank shares. If FIIs sell a few HDFC Bank shares, it could paradoxically trigger increased buying. How? Selling would reduce the free float. MSCI’s methodology would then call for increasing the stock’s weightage in the index. This would compel index funds and ETFs, which mirror the index, to buy more shares to match the higher weightage. Active funds benchmarked to the index may also feel the pressure to add to their positions. On the other hand, if FIIs refrain from selling, MSCI is likely to maintain the HDFC Bank’s current weightage, resulting in no incremental buying pressure from indextracking funds. This happened last week. If the FIIs had collectively sold just 0.05% of the stock, it would have doubled the stock’s weightage. If that had happened, a lot of ETFs and other investors, who were obligated to shadow the index, would have had to double their holdings.

Jake Paul has been in the news for his upcoming bout with legendary pugilist Mike Tyson. Now, Paul has challenged Mixed Martial Arts (MMA) legends Nate Diaz and Jorge Masvidal for a fight in Octagon, a special ring where UFC fights are held. In a fiery social media post where Paul retorted to Diaz and Masvidal for belittling his mettle as a boxer and also included UFC boss Dana White. Paul had defeated Diaz on August 5, 2023 but it was a boxing match. Masvidal recently has ridiculed Paul's boxing prowess. Paul, who has never participated in MMA event, will be in his biggest boxing fight of the career against Mike Tyson on July 20.

ALSO READ: CSK vs MI: Fans looking forward to 'Thala' batting bit longer, Aaron Finch says 'MS Dhoni will get biggest cheer..' Gagan Chawla wrote, “Rahane opening in 2024, CSK challenging every law that exists in this mighty universe!" Mohit Shah commented, “Ajinkya Rahane was really in his element the last time he faced MI at the Wankhede. That probably prompted CSK to open with him but why tweak something that's clearly working well." "The el classico already got us surprised with Rahane opening (sic)," another social media user wrote. It was expected that if Rahane was promoted as opening batter, it would be good for the team considering Rahane practically batted his entire career at Wankhede Stadium.