Wellness Financial News

Army said it thwarted an attack on the house of a village defence guard (VDG) and a nearby security post in the wee hours of Monday in Gund area of Rajouri in Jammu and Kashmir.

Restaurant critics appear to have the best job in journalism, enjoying meals a few nights a week on someone else’s dime

global IT outage for the last few days has turned out to be the biggest technological crisis in history. The outage has also revealed the excessive dependency on a single company, Microsoft, that has now come into question, after banks, airlines, and various other important administrative services took a major hit. Even police authorities were not able to man their 911 lines and operations in various countries in the West due to the IT outage, begging the question why Microsoft has become the epicenter of all administrative activities.

GDP growth of 6.5–7%, “with risks evenly balanced, cognizant of the fact that the market expectations are on the higher side". However, it has not explained the assumptions that led it to arrive at this projection.

Economic Survey has projected a conservative growth of 6.5-7 per cent for the current fiscal year because of global uncertainties and various domestic challenges, experts said on Monday. The projection is lower than 8.2 per cent growth rate estimated in 2023-24 and tad lower than Reserve Bank's forecast of 7.2 per cent for the current financial year.

legal eagle has become quite the Nosey Parker after a bout of ill health, irking colleagues and family members who are part of the firm. Founders typically find it difficult to let go but this was meant to be a top-tier firm of and for professionals. It’s not just juniors, even rainmakers at the various outposts are feeling suffocated. The hope is that in this season of churn, this firm won’t get scorched as well.

MUMBAI : Kotak Mahindra Bank Ltd’s reported profit jumped sharply during the first quarter of FY25 (Q1FY25), thanks to its insurance arm stake sale. Standalone net profit rose as much as 81% year-on-year to ₹6,250 crore, aided by an exceptional gain after the bank divested 70% stake in Kotak General Insurance to Zurich Insurance. Excluding the stake-sale gains, the bank’s net profit stood at ₹3,520 crore.

Gautam Gambhir's plain-speak and Ajit Agarkar's lucidity is set to make for a heady combo as the new head coach and the chairman of selectors looked completely in sync while spelling out, in no uncertain terms, that days of cherry-picking series by citing workload management could be over. They explained certain tough calls while in a few things, they were subtle yet said enough to allow people to read between the lines.

Dodla Dairy Ltd.(up 7.29%), Parag Milk Foods Ltd.(up 4.93%), Zydus Wellness Ltd.(up 3.48%), Heritage Foods Ltd.(up 3.24%), Hindustan Foods Ltd.(up 3.17%), Tata Consumer Products Ltd.(up 1.42%), Bikaji Foods International Ltd.(up 1.37%), Godrej Consumer Products Ltd.(up 1.26%), Adani Wilmar Ltd.(up 1.24%) and Nakoda Group Of Industries Ltd.(up 1.23%) stood among the top gainers.

The BNB Foundation has completed the 28th quarterly token burn on the BNB Chain, further reducing the total supply of BNB tokens.

BENGALURU : One of India’s earliest edtech companies, iNurture, is in talks with Dubai-based Kimera Investment to raise capital to stave off a potential crisis that could leave about 500 employees and thousands of students stranded. iNurture, which partners with universities to offer specialised courses and skill-development programs, is facing a shortage of funds and has failed to pay salaries to its employees and faculty, according to employees and faculty members. As a result, teachers have either quit or stopped teaching, leaving students who have enrolled for iNurture courses across universities stranded.

Under the plans the chancellor said billions of pounds of investment could be unlocked in the UK economy from defined contribution (DC) schemes alone and pension pots for savers in defined contribution schemes could be boosted by over £11,000. The review will also look at how to unlock the investment potential of the £360bn Local Government Pensions Scheme (LGPS), which manages the savings of those working to deliver vital local services, as well as how to tackle the £2bn that is being spent on fees. Pension Schemes Bill announced in the King's Speech The announcement comes ahead o...

Market veteran Madhu Kela feels that the one engine of the economy of India doing well is the stock market. It is aiding a lot of capital formation. There has never been a healthier situation for the government. Today, if the government wants to raise even Rs 1 lakh crore, they have to only sell 2-3% of the PSUs and that can give them fiscal space of maybe 0.3-0.4%. There are lots of levers. Why will they want to kill the market? The taxation is not low. When long-term capital gains or short-term capital gains tax is combined with dividend distribution, buyback taxation, STT, and income tax, it is not low and there is a marginal tax on F&O already. The most important point in the mind of the market right now is in the Budget tomorrow, especially in the backdrop of so much commentary coming in that regulator is saying mutual funds are taking away the bulk of deposits from the banking. The regulator, SEBI, is sounding worried about rising speculation on the F&O side. The market is expecting some move in the Budget to curb that. Is it justified to expect some move? Madhu Kela: Not a question I would have loved to start with.

AI), trade protectionism, resource-hoarding, excess capacity and dumping, and onshoring production are restricting the potential of countries to squeeze out growth from manufacturing and services; so the agriculture sector can be a growth engine for India and the world, the Economic Survey 2024 said.

ICICI Lombard General Insurance Company Ltd. traded 1.26 per cent higher in Monday's session at 11:11AM (IST). The stock opened at Rs 1881.0 and has touched an intraday high and low of Rs 1913.25 and Rs 1859.75, respectively, during the session so far. The stock quoted a 52-week high of Rs 1915.85 and a 52-week low of 1266.0. About 14,873 shares changed hands on the counter so far.

Delhi traffic police have issued an advisory in preparation for the Kanwar Yatra, scheduled from July 22 to August 2, anticipating a significant influx of devotees in the national capital. According to the advisory, heavy traffic congestion is expected in various parts of Delhi, particularly in the eastern and western regions, as well as for commuters coming from Noida and Gurgaon. The Kanwariyas, who will pass through Delhi on their way to destinations in Haryana and Rajasthan, are expected to number between 1.5 to 2 million this year. To manage this large movement, traffic police have arranged for separate routes to minimise inconvenience for both local residents and devotees.

Yogi Adityanath from some BJP leaders as well as NDA partners in the state have led to speculations that there may be a change of guard after the by-elections to ten vacant Vidhan Sabha seats are over. While any such move will come at a cost that the high command will have to factor-in, a reshuffle in the party’s organizational set-up appears more imminent. The contest between Yogi Adityanath and deputy CM Keshav Prasad Maurya, who has been vocal about his disenchantment and not hidden his ambitions, goes back to the 2017 Vidhan Sabha elections. A strong OBC leader and the then BJP unit president, Maurya played a key role in BJP’s impressive performance where it won 312 seats. He was naturally a contender for the CM post. Most of the candidates fielded by BJP were of his choice and hence backed him. BJP Chief Amit Shah decided to make Yogi Adityanath the CM, ostensibly keeping the 2019 Lok Sabha elections in mind. In the fight between Kamandal and Mandal, Hindutva usually trumps caste as religious polarization blurs the community differences. Maurya had to settle for the Deputy CM post and also share the post with Dinesh Sharma, a Brahmin leader.

China, the world's biggest source of planet-warming greenhouse gases for most of the past two decades, is seemingly on the verge of bending its emissions curve from years of steep growth into a plateau. The implications for climate change could scarcely be greater. Since China's emissions surpassed those of the United States in 2006, China's global share has grown to almost a third — a huge number, even with population differences taken into account. A recent spate of data from China's government, as well as reports by energy analysts, have provided positive signs that while China's emissions may not decrease significantly, they also may not grow. Chinese President Xi Jinping had pledged to reach that turning point by 2030.

Hiren Ved, Director & CIO, Alchemy Capital, says every bull market sees sector rotation. So, financial will have their time under the sun at some point in time. But am I very bullish on largecap private banks leading this bull market? The answer is no. I think they were leaders of the previous bull market and people have kept on harping that this is an area that is cheap and there is value but it has continued to underperform. Very seldom do leaders of the previous cycle lead in the next cycle. One feels FOMO about booking profits, but then the markets rally further and you feel that you have taken off money too early? How do you marry the two dichotomies? Do you stay put or book something off the table? Hiren Ved: Booking profits and then doing what with that money?

Abhay Agarwal, MD & CIO, Piper Serica, says that in markets like this, it is very difficult to analyse momentum because segments of the market are in a frothy zone – stocks that have gone up 10 times. All stocks in sectors like railways, defence, and power are at 5 times, 10 times. So, it is difficult to stay with the momentum. It is a very risky bet. Agarwal says: “We like to explore sectors that have not done well and are not on investors’ radar for the time being.” What spooked the markets on Friday? Is this just par for the course and are we headed for that 25,000-26,000 level soon? Abhay Agarwal: I have not read too much about this weakness over the last couple of days, including today. This will continue till the Budget announcement. It is a big event. We are very close to it. So, traders are probably lightweighting their long positions and booking profits.

battery electric vehicles, Suzuki Motor Corp. Executive Vice President Kenichi Ayukawa said. First, the goal is for Maruti Suzuki India Ltd., the Japanese carmaker’s subsidiary, to grab 50% market share by 2030, from around 40% for the fiscal year through March. “We’re confident that the Indian market will expand in the mid to long term,” Ayukawa said in an interview. The emergence of India as an economic powerhouse and its expanding middle class present a clear opportunity for the Hamamatsu-based manufacturer, which has been active in the South Asian nation since 1983 and has found success as the top-selling automaker with models such as Swift and Brezza. In order to keep its lead, Suzuki plans to introduce its first-ever EV in India, as well as in Europe, next year after exhibiting its mass production model at the upcoming auto expo in India in January, according to Ayukawa.