Waters Financial News

LAHAINA, Hawaii—Nearly six months after a wildfire incinerated Lahaina, clean-up crews this week are scheduled to begin clearing the charred rubble to make way for a near-total rebuild—a task that will be extraordinarily complicated due to the sensitive ecology and deep history of this former Hawaiian royal capital. Fire clean-ups are often tricky, but prepping Lahaina for its next phase presents some extra challenges. It’s on a remote island with only one access highway.

Every budget poses a dilemma for the government. If Hamlet’s question was “to do or not to do," the one before every elected administration is how far it should throw caution to the winds on populism. Should it take the ‘apres moi le deluge’ (after me the deluge) approach of Louis XV of France, spend its way to popularity and election victory? Or should it take a long-term view and do what is eventually best for the country? Economists call this the ‘time inconsistency’ problem.

By Scott DiSavino

India works to become a developed country by 2047, it must not forget that quality of life, improved living standards and ease of living are parameters as important as, if not more than, per-capita income. This is the context in which the Supreme Court's stay on the post facto green nod for projects or mandatory implementation of good manufacturing practices 'Schedule M' must be understood.

₹35 lakh in metropolitan centres (with a population of 1 million and above) and up to ₹25 lakh in other centres… provided the overall cost of the dwelling unit in the metropolitan centre and at other centres does not exceed ₹45 lakh and ₹30 lakh, respectively." The remaining home loans are non-priority home loans. Second, home loans in India are given by commercial banks and housing finance companies. As per the National Housing Bank’s Report on Trend and Progress of Housing in India 2022, as of March 2022, of the total outstanding home loans of ₹25.11 trillion, 68% were distributed by banks and the remaining 32% by housing finance companies.

Indian armed forces have transformed with changing times to meet the challenges of the «entire spectrum of warfare,» IAF Chief Air Chief Marshal V R Chaudhari said on Sunday. In his address at an event hosted here to mark the 8th Armed Forces Veterans Day, he also asserted that resilient spirit, leadership, and vision of its veterans have laid the foundation of today's armed forces. The programme held at Manekshaw Centre in Delhi Cantonment was also attended by Navy Chief Admiral R Hari Kumar, various senior officers of the three Services, a large number of veterans or their family members.

Is the Indian Market Index expensive? The easiest answer which comes to ones’ mind is “Yes”. Nifty is at all-time high and trading at ~20x one year forward, hence on an absolute basis in line with its last five years’ average. On a relative basis, it trades at a premium of ~88% to MSCI EM and 26% to MSCI World index, making India arguably one of the costlier markets. However, a) The Quality of Earnings and macro situation is not similar to India’s past b) Indices are not comparable to their historic past. The Indian economy is going from strength to strength with most economists increasing their estimates from 5-6% to 7-8%. If one were to add 4-5% as inflation, Nominal GDP could grow at 11-13%. India is adding US$ US$ 1 trillion in 3 years so assuming a MCap to GDP ratio it can add >US$ 1.25 trillion incrementally every 2-3 years, for the broader markets or over 10-15% p.a. The PAT as % of GDP to has increased from 1.9% lows in F2020 to over 5% currently and we will not be surprised if it doubles in the next 5 years if the profit growth is twice the GDP growth in a blue sky environment. Then one could argue of a higher MCap to GDP multiplier of 1.5-1.75 x. Our bottom up analysis in JM PMS estimates NIFTY 50 to grow at 15% plus p.a., with broader base contribution from many industries as against the financial industry historically. The indices have had material changes in the last decade, almost 17 stocks or 35% of the no. of stocks have been reshuffled in the Nifty 50, and in most cases the stocks which have entered are much higher PEs.

Immerse yourself in the seamless blend of innovative technology and trusted names, ensuring both efficiency and style in your culinary space. Time is of the essence, so seize these exclusive deals before the sale concludes on January 18. Delve into this article for a comprehensive exploration of the finest deals, providing you with insights to revamp your kitchen with top-quality appliances without breaking the bank. Hurry up and don't miss the chance to transform your kitchen into a hub of culinary delight with the best deals at the Amazon Sale.

Makar Sankranti 2024: Makar Sankranti, a revered Hindu festival celebrated across India and parts of South Asia, holds great significance as it marks the commencement of the sun's northward journey. Falling on Monday, January 15, 2024, this festival ushers in the promise of longer days and warmer weather, symbolising the transition into the harvest season.

Prime Minister H D Deve Gowda on Saturday lamented that injustice has been meted out to Karnataka and only Narendra Modi, «who is set to become Prime Minister again» can solve the Cauvery water problem. The 90-year-old JD(S) patriarch vowed that he would fight for the Cauvery cause till his last breath. At a press conference at the JD(S) party office here, he said only Modi has the power to solve the Cauvery water crisis which Karnataka is facing.

Ram Janmabhoomi that was taken out during the digging of the foundation will be packed in boxes and presented to the guests attending the consecration ceremony on January 22, the temple trust said on Friday. Prime Minister Narendra Modi who will be here for the event will be presented with a 15-metre picture of the Ram Mandir in Ayodhya packed in a jute bag that also carries the photograph of the temple, a member of the Ram Janmabhoomi Theerth Kshetra Trust said.

Commercial operation of the Navi Mumbai International Airport will commence by March 31, 2025, Union Civil Aviation Minister Jyotiraditya Scindia said on Saturday. He also said that as much as 55-60 per cent of the work on the project has been completed.

Radhika Apte is in no mood to mince words. Taking to Instagram on Saturday, the ‘Andhadhun’ actress shared some pictures and a video of herself being locked in an aerobridge as the flight got delayed. Dropping the pictures, the star shared her ordeal but declined to name the airlines.

ALSO READ: Navi Mumbai international airport to become operational by end of 2024, says Jyotiraditya Scindia "Today morning I had a flight at 8:30. It's 10:50 now and the flight has still not boarded. BUT the flight said we were boarding and put all the passengers in the aerobridge and LOCKED IT," she said.

BlackRock is buying independent infrastructure fund manager Global Infrastructure Partners in a cash-and-stock deal valued at more than $12 billion

Indonesia and Vietnam agreed to cooperate on fisheries on Friday as Indonesian President Joko Widodo met Vietnam’s President Vo Van Thuong on Friday

Panama’s government has inspected a huge copper mine shut down after the country’s Supreme Court ruled in November that the government’s concession with a Canadian mining company was unconstitutional

Radhika Apte on Saturday shared that along with other passengers, she was locked in aerobridge of Chhatrapati Shivaji Maharaj International Airport with no access to water or loo. Taking to her Instagram account, the actor shared visuals of passengers in the aerobridge after the flight was delayed and the airlines staff locked them in. «The passengers with small babies, elderly people have been locked in for over an hour. The security won’t open the doors.

By Jana Choukeir, Ahmed Elimam and Robert Harvey

Kohler has introduced a toilet seat at this year's CES. Priced at $2,139 (approximately Rs 1,77,000), the PureWash E930 bidet toilet seat has some unexpected tech features.

As Elvis Presley once sang, “I’ll have a Blue Monday without you.”