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Greece has introduced a new law allowing certain private-sector workers to enforce a six-day workweek. Effective July 1, this measure aims to support the country's aging workforce and provide additional income for workers, while ensuring respect for workers' rights. The law targets specific industrial and manufacturing sectors, particularly businesses operating continuous shifts 24/7, and will be applied only in exceptional circumstances, such as an unexpectedly increased workload. Labor unions, advocating for better working conditions, have strongly opposed the move, sparking heated debates and protests. Greece already has the longest average workweek in the European Union, and it remains uncertain whether this extension will enhance productivity.

Kishori Lal Sharma, Congress leader and a Member of Parliament (MP) from Uttar Pradesh's Amethi, on Saturday, backed party MP Rahul Gandhi's remarks on former Amethi MP and Bharatiya Janata Party (BJP) leader Smriti Irani, in which he targeted the trollers using derogatory languages against her. Sharma backed Gandhi's remarks and said that it is not their value to use such language against someone. «Rahul Gandhi is right. I relate to his statement. Victories and losses are a part of life. It is not in our values to use such language against someone», the Amethi MP told ANI.

financial goals and investing to achieve them. However, many investors struggle with calculating the future value of their goals. Instead of employing a precise calculation, they often choose arbitrary large figures like Rs 50 lakh or Rs 1 crore, assuming these amounts will suffice. What seems like a big number today may not hold its value in the future due to inflation, making precise calculations using inflation vital in planning for financial goals. Many investors just pick a random number. Many investors pick up big numbers, usually Rs 50 lakh or Rs 1 crore which they think will suffice for their future. Inflation significantly reduces the purchasing power of money over time, so the amount that appears substantial now might not be enough in the coming years. The value of any investment does not remain the same always. It either decreases or increases due to interest rate, inflation/deflation which increases/ decreases the value of money. The impact of annual inflation erodes the purchasing power of money significantly with each passing year. Investors need to account for the effects of inflation on their future financial goals. To do this, they first need to calculate how much a particular goal costs today. For instance, if a child’s higher education costs Rs 5 lakh today, the investor needs to determine how much time is left until they need to pay for the education. If the child is expected to go to college in 15 years, they need to calculate how much that same education will cost in 15 years, taking inflation into account. This is known as calculating the future value of the goal.

The ballooning debt in East Africa’s economic hub of Kenya is expected to grow even more after deadly protests forced the rejection of a finance bill that President William Ruto said was needed to raise revenue

Tata Elxsi fell nearly 3% to Rs 6,930 in Thursday's trade on BSE after the firm reported a 3% year-on-year (YoY) fall in net profit to Rs 184 crore for the first quarter ended June 2024. The same stood at Rs 189 crore in the last-year period. Meanwhile, its revenue from operations in the reporting period increased 9% YoY to Rs 926 crore as against Rs 850 crore in the corresponding period of last year.

12 problem statements on Geo-Spatial Applications from centres NRSC, PRL, NESAC, SPL, and SAC.As per ISRO, Teams of 3-4 Indian students from undergraduate, postgraduate, and PhD programs are invited to participate for the Hackathon which involves a rigorous two- level screening process.The Indian space agency said in a statement said, “Initially, 100 teams will be shortlisted based on their ideation and relevance to the problem statements. From these, an expert committee will select 30 teams for the grand finale."The grand finale, a 30- hour marathon event, will be held at the NRSC Outreach Facility in Jeedimetla, Hyderabad, starting at 10:00 hrs IST on August 13, 2024.The hackathon event is managed through a dedicated web portal.

economic policy towards 2047 with an emphasis on job creation through labour-intensive manufacturing, credit for MSMEs and continued focus on services exports by expanding GCCs, according to Goldman Sachs. “We expect the general government to stick to the announced fiscal deficit target of 5.1% of GDP for FY25 (or even slightly lower) and announce further consolidation to a deficit of below 4.5% of GDP by FY26”, Goldman Sachs said in a note Monday. Union finance minister Nirmala Sitharaman will present the full budget for FY25 on July 23. In her interim budget, presented in February, she had pegged fiscal deficit at 5.1% of GDP

Amazon warehouse and delivery workers in India are enduring intense pressure and unsafe conditions while struggling to support themselves with insufficient pay, the UNI Global Union said on Wednesday. “Four out of five warehouse workers reported that the targets set by Amazon are difficult or very difficult to achieve and only 21.3% of warehouse workers and drivers believe the work environment at Amazon is safe,” it said in its report published in partnership with the Amazon India Workers Association (AIWA) and based on the survey responses of 1,838 participants or Amazon employees in India. Commissioned by UNI Global Union and conducted by Jarrow Insights over 50 days from February 2 to March 22, 2024, the survey used both on-site and digital methods to ensure a representative sample of Amazon’s workforce in India.

A suspected attack by Yemen’s Houthi rebels has targeted a Liberian-flagged tanker in the narrow Bab el-Mandeb Strait

Skoda is looking to drive in new models, including the latest version of its premium SUV Kodiaq, in India to bolster its presence in the country. The automaker has already announced plans to introduce a sub-4 meter compact SUV in the country early next year. Skoda already has a presence in the mid-sized SUV segment with Kushaq. In an interaction with PTI, Skoda Auto India Brand Director Petr Janeba said the auto brand is also looking to re-introduce premium sedan Octavia in the market later this year.

Zomato’s ESOP costs are no longer a one-off after the approval of the new policy, domestic brokerage firm JM Financial reduced the company's target price to Rs 230 from an earlier Rs 250. The formulation of a new policy at Zomato suggests that ESOP costs should be treated as regular business expenses as they are likely to recur in the future. Hence, the domestic brokerage has adjusted its valuation methodology to capture the impact of ESOP costs better.

LTIMindtree with a target price of Rs 5910. The current market price of LTIMindtree Ltd. is Rs 5475.5. LTIMindtree Ltd., incorporated in the year 1996, is a Large Cap company (having a market cap of Rs 162404.15 Crore) operating in IT Software sector.

«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.

market likely to consolidate on Friday tracking muted global cues. The Nifty future closed positive with gains of 0.10% at 24375 levels on Thursday. India VIX was down by 2.90% from 13.20 to 12.82 levels.

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.

budget presentation will commence at 11 am in the Lok Sabha.The Union budget will be broadcast on the official channels of the Parliament, Doordarshan, and Sansad TV. It will also be streamed on the government's official YouTube channels.Digital access to the budget documents will be provided on the Union government's official web portal, www.indiabudget.gov.in.

pre-Budget rally that has seen Sensex and Nifty touch unclaimed peaks this week may not sustain in the run-up to the D-Day, according to historical market trends ahead of the Budget. “If history were to repeat, we should see a dip prior to the Budget announcement. So history advises traders not to chase prices higher this week,” says Anand James, Chief Market Strategist, Geojit Financial Services.

RBI. To achieve India’s ambitious growth objectives and fulfil India’s Nationally Determined Contributions, green finance is imperative. Climate risk disclosure frameworks work in complement with policymaking to support India’s net-zero target and are also pivotal in guiding companies and investors to navigate the opportunities and risks posed by climate change. The introduction of the disclosure framework is a laudable first step, signalling a concerted effort towards addressing climate risks and fostering climate action within the financial sector. These disclosures are poised to accelerate the evolution of Environmental, Social, and Governance (ESG) considerations in financial markets. Modelled on global standards like the Task Force on Climate-related Financial Disclosures (TCFD), they promise interoperability of data (especially relevant for companies operating globally) and reduce operational burdens for banks. Moreover, they foster a level playing field not only for comparison within the domestic financial system but also internationally.

«The EBITDA margins have been historically around 9%. It came down consequent to COVID to around 7% and after that the increase in the material cost especially glass bottles and ENA,» says Ramakrishnan Ramaswamy, CFO, Allied Blenders & Distillers. Yes, we have seen the good listing coming in. Growth outlook for the industry is strong. So, what kind of revenue are you expecting as well as the EBITDA growth that you are pencilling in over the next two to three years? Ramakrishnan Ramaswamy: The growth expectation of the industry is around 9% and we would be in line with that, especially on the mass premium and on the other segment. So, we would be mid-teens on the premium segment and low-teens on the mass premium segment.

European Union regulators have accused social media company Meta Platforms of breaching the bloc’s new digital competition rulebook by forcing Facebook and Instagram users to choose between seeing ads or paying to avoid them